This article speaks directly to your personality. I don’t discuss planning and budgeting but you should be aware that you will need to plan, plan, plan but don’t get caught up in “paralysis by analysis” and no matter how good your business plan you will not receive money from “angel investors” or banks unless you’ve already started your business and have a proven track record with a large upside – which you don’t have if you are a business startup.
First, here’s the quick synopsis of opening your own business
Register with your county or state as a business.
Start doing business.
Really? That’s all there is to it? Yes, that’s all there is to it. Unfortunately, its so easy that many businesses fail because they do exactly like what’s above. There are a few skills that complement success and generally you’ll either have those skills or will develop those skills over time. Here’s what you can expect.
You’ll work crazy hours.
You’ll be a salesperson.
You’ll always worry about your business.
You’ll become an expert on many things because you can’t afford to hire experts – especially in the beginning.
What many don’t realize is that you are always a salesperson. If you don’t like sales then having a business of your own is not for you. If you don’t have an outgoing personality you’ll need to develop one quickly. Whether you’re set up a booth at a county fair, open a retail mall location, or work from home you will be a “people-person”. You will network with others, attend events, and more. Sounds like fun? For many it is but remember while you’re somewhere having fun someone has to run the business. Here come the crazy hours.
If you’ve got customers or clients then you’ve got projects that you haven’t been working on while you’re out selling yourself and your company. So now after the fun is over you will begin your day’s work. Remember that while you were out networking you were creating your future (and probably spending money) but now you’ve got the present to think about. How do you pay your bills? What about the customer that is late with the payment? Now the worrying begins.
You’ve got bills to pay and customers to satisfy. You may have a payroll to meet or at least you’ll need to make ends meet. Is there enough cash flow or have you extended credit because you are new and the thought of work, any work was too much to pass up? How do you collect on unpaid invoices without offending and thereby cause other problems? Oh the fun never ends.
Lastly (for this article), you’ll need to learn how to be an expert. There’s nobody to do the day to day accounting but you or hopefully, a significant other so you’ll become a bookkeeper and bill payer. There’s nobody to design graphics for your marketing materials so you’ll learn software programs and design principles for creating brochures, flyers, …
Show me a marketer who has a great opt-in list, and I’ll show you someone who knows how to make money online. People who use opt-in lists know how to make money online, because they realize just how valuable opt-in lists are. Opt-in lists consistently earn revenue for their operators. If you don’t already have one, you definitely need to start an opt-in list. If you already have one, then focus on making it better.
There are a few important points to remember when building an opt-in list. First of all, make sure you build a strong relationship with your subscribers. This relationship should be based on mutual trust and respect. Only market high quality products, and ALWAYS be honest with your subscribers. This will earn their trust. In turn, they will be more likely to buy your products or visit your affiliates.
1. Utilize affiliate marketing through email lists. You can make a lot of money by promoting other people’s products. Make sure you always cloak your affiliate link, because cloaking provides added security and professionalism. Assess the product and its qualities. Don’t describe what a product is. It’s better to describe what a product does.
2. Market your own products to members of your list. Offer discounts to your subscribers. Your subscribers will love this, because they will feel that they are in on a special deal. Also, rewarding your subscribers will only help your sales. You can also increase your customer base this way. The members of your list will start to spread the word about your products and services.
3. As far as services go, you might want to provide service-based subscription discounts. People who buy services are always looking to snag a long term discount. In turn, this will generate more money for you.
4. Forge business relationships with select members of your list. You might want to offer some of your subscribers the ability to be an affiliate marketer for you. It’s standard to offer subscriber marketers about 50% commission. This will give them the incentive they need to aggressively market your product. It also helps them to earn an income. This means they will have an extremely positive association with you and your product. You will be able to generate a lot more sales this way.
These four guidelines will boost your Internet marketing campaign. Opt-in lists are great because they are very specifically targeted. Also, opt-in lists give you the chance to directly contact your customers and even receive feedback. It’s important to keep the lines of communication open. Utilizing the above steps will bolster your sales, and you will be amazed at how much revenue you can earn.
Remember that opt-in lists are customizable. You need to always improve upon your opt-in lists. Stay abreast of current trends in products and services so that you can make the best offers to your subscribers. You need to be known as a market leader, and you can show your leadership through your opt-in …
Young CEOs Out to Conquer the World – A Book Review for You
Laura March 29, 2021 ArticleAs a retired franchisor, I am often contacted by future startup entrepreneurs, and they ask advice from me on how to run their future business. Generally I am contacted during the business planning stage, or right after the businesses started, and they are looking for tips on expanding their business, marketing to customers, or increasing their cash flow. Much of the advice I give is technical, and specific to their industry, but not all. Sometimes they’re looking for a little philosophy.
At times I’ve had trouble giving advice to young entrepreneurs and CEOs, although I am not without experience in this regard as I started my first business when I was 12 years old washing airplanes, long before I could drive a car. I know what they are going through, as I have been there, and I know how hard it was, and what it takes to succeed. Sometimes a little philosophy can actually go a long way.
Luckily, I ran across a very good book which has helped me more recently assist young entrepreneurs with words of wisdom. This is a book that I do own in my personal library, and I’m very glad to have it. It is also a book that I would like to recommend to you, in case you ever find yourself in the position of giving advice to Young CEOs who are out to conquer the world. The name of the book is;
“Wisdom for a Young CEO – Incredible Letters and Inspiring Advice from Today’s Business Leaders” by Douglas Barry, Running Press Publishers, Philadelphia, PA, (2004) pages, ISBN: 0-7624-1831-1.
This book dives into some of the inspirational advice that has been given by corporate titans to young entrepreneurs, in the forms of letters, e-mails, and other correspondence. The book imparts passion, respect, integrity, and a little bit of humanity. Perhaps some of the tips and ideas, or concept and advice given in this book will help you help someone else on their way to the top.
Everyone knows it’s not easy, but it’s much easier knowing that there are those who a blaze the trail before you, and are willing to help you on your journey. Not only does this book bring back memories of all the folks that have given me advice along the way, but it also helps me return the favor. Indeed I hope you will please consider this, and perhaps purchase this book for your own business library. It’s well worth reading and you can read the whole thing in one evening. Please think on this.…
New business owners are often unaware that there is a level of etiquette that must be applied to an email marketing campaign. There is an accepted way to professionally handle email marketing, making your customers look forward to receiving further communications from you. Below, you will find some helpful tips on email marketing etiquette.
Make every effort to strike a personal tone in your emails. Like it is with many other methods of marketing, you will find more customers willing to do more business with you when you are more personable. For example, if you are aware of the reasons for them signing up with your emails, add that reason in an email to them.
Don’t bombard customers with a message that says “Buy Now!” in your email messages. An approach such as this one is often perceived as being “spammy”, meaning your consumers will quickly unsubscribe. Trust me, all of them know you are trying to sell a product or service; however, you will realize greater success if you first build a relationship with them and then promote both yourself and what you are offering, professionally. You will be more likely to get a sale from them.
Always proofread your emails. It is important that all the emails you send are correct. Prior to sending each message, print a layout sample to ensure that the message appears as you intended. Be sure that if there are links in the email you test them first.
You need permission from your readers if you’re going to start sending them emails. If you start to send a great deal of spam messages, you are likely to lose credibility. Many customer are put off by receiving spam and it may hamper your relationship with your customer.
Remember that your email list is meant to increase your business profits. Every email you send should bring your readers one step closer to making a purchase. Do this by creating emails that offer product information – new and old – as well as information on special discounts.
Avoid sending your email marketing near holidays. Most people will be busy celebrating and will not check their emails until they go back to work. Yet, there may be exceptions to this. These exceptions would include one day sales or other similar promotions.
One great way to increase the success of your email marketing campaigns is to give your customers choices. Let your subscribers decide on the the number of messages they receive, how often they get them and what information they want to disclose. If they feel like they’re in control over the process, they will feel more comfortable.
Your emails should contain an incentive. Customers are more likely to buy your products if you make it tempting to do so. For example, you could provide them with free shipping on the orders they make that are over $50 if they simply click on one of your links or buy an item on your site.
As the article …
Tired Of Not Being Able To Make Ends Meet? Make Money Online!
Laura May 13, 2020 ArticleThere are literally millions of people out there who have a hard time with their finances and wish that they could be the boss. Unfortunately, many people have no idea of how to make this wish come true. Making money online is the solution. Read on to learn more.
Figure out the niche that you are in first. Do you think you are a good writer? Become a content writer. Are you good at graphic design? A lot of folks might hire you for website or document projects. Look around to find what you want to do.
Make out a daily schedule. Your income is absolutely tied to working hard daily. This is no quick fix to tons of cash. You have to be willing to put in the effort each and every day. You need to have a time established daily for focused work. Over the long term, just an hour each day will really add up!
Consider surveys as an option. There are a plethora of surveys to pick from on the Internet. These are a good source of online income. Depending on the site, they usually don’t pay much. This is easy when you have some down time, and that money can quickly add up.
Tutor if you are very intelligent. Therefore, if you want to be able to work online from home, then consider e-teaching as a viable option. Sites like TutorVista and SmartThinking allow you to put your knowledge to use. You could even open up new career paths if you do a good job.
You can always just search Google for pointers about making money. This will give you a huge variety of ideas and options. Once you find something that sparks your interest, be sure to do a thorough search about reviews about that company. No matter what your choice is, you should take your time with things.
Flip domain names. A lot of people make good money off domain names. It is sort of like purchasing real estate, and you will have to spend some money. Google Adsense can help you find out what is trending. Buy domains which can be acronyms. Predicting popular domain names of the future can be quite profitable. Give it a try!
Never pay money out of your own pocket when earning money online. No company which is legit will ask for money up front. They will have little to offer you once they get their money, so don’t fall for websites that offer “memberships” to be able to access their list of supposedly great paying jobs. Be sure to avoid these companies.
Write your own Ebook for selling online. This is a great way to get people to know that you have knowledge of a subject while making some money too. A collection of recipes is a great idea for an E-book.
Online money making is quite possible. With the knowledge you have gained from this article, you can begin making money as early as today! …
Have you tried to tackle generating new business leads? If your attempts are failing, you have come to the right place. Don’t worry, you just need to learn more about generating leads in order to find success.
If you are employing digital ads, create landing pages for visitors who can be your potential leads. A landing page targeted to match the advertisement driving the traffic, will show better results than being driven to the business site. They get the information that they were searching for this way. Put that together with your contact form and you can easily generate leads.
Incentives can cause people to stay loyal to you. If someone needs what you’re selling, incentive can cause them to buy from you instead of the competition. When you give the right incentives, everyone wins.
Utilize consumer feedback and case studies to produce a larger number of leads. If you can offer data to support your claims, consumers will be more confident about sharing their information or buying. Use these studies to develop the best strategy for your business.
Being trustworthy is a great way to generate leads. Ads that are too over-the-top or seem fake, will not get consumers to click on them. Use offers that are relevant to your customers and that meet their concerns. When you don’t hide anything and treat people honestly, they are much more inclined to put their trust in you.
Use your phone to make calls and see if people need what you have to sell. You never know who will be interested in what you are selling. No matter what you’re selling, someone out there is looking for it.
Aim your lead gathering efforts towards those most likely to appreciate your business. If you’re looking for a broad audience, generic leads are fine. Your results will be better if your lead gathering is tailored to gather key pieces of information that informs you your product is needed.
Be conversational with the people you encounter in public. It never hurts to be friendly, and it’s just possible someone might need your product or service. But be mindful to not try to sell to them right off the bat. Take some time to ease in it by asking questions that will help you understand if they’re open to what you have to offer.
As you engage in your blogging endeavors, be sure you’re asking people to subscribe. This will remind your readers to come to your site. This is a secondary way that your current customers will generate new leads. Blogging can generate leads in multiple ways.
Check each page on your site and make sure there is a clear call to action. Whatever you are selling, your consumers need to know where to go about purchasing it. All the words should be clear, and the website should have a nice flow to help people navigate.
Use the advice you just read to begin creating leads. You have just read great strategies for moving …
It is nearly everyone’s dream to run their own business. Perhaps you have deliberated about it also. Flexibility and job satisfaction make this prospect a good one. Keep reading this article if you want some strong, effective tips about starting a home business.
You can deduct the cost of your Internet connection when you work from home. You can deduct a portion of the cost for your internet service, although be aware that if anyone else uses the connection, you cannot claim more than fifty percent.
Send out an email announcement to your loved ones and colleagues when you start your home business. Provide them with some incentive for bringing you referrals, such as a finder’s fee. Encourage your friends and family to tell everyone about your business. This can be extremely powerful to build up your business quickly.
All the expenditures of your business should be accounted for. These expenses include car mileage, gas and internet service. When you’re a business owner, you can use many of your business-related expenses as tax deductions. Be sure to keep track of all expenses, no matter how small, because they add up quickly.
Use affiliate opportunities to market the products you have. Trade your affiliate links with some other home businesses to boost each other’s business traffic. Find and join existing affiliate programs to try and promote products that are complementary to your own. In this way you can increase your income without increasing your inventory or work.
The initial investment required to start your home business should be calculated well in advance of starting the company. While home businesses are usually much less costly than a traditional business, running a good home business will still take money. Determining your expenses in advance will aid you in keeping your business running in the black.
An effective Internet marketing plan is crucial to the success of your home business. There are many ways you can do this. Writing a blog or articles to support your business is one way. Becoming known through forums will also help. An email list is a must. All these efforts will increase the visibility, and therefore the profits, of your business.
Make your work area safe. You should make sure you have a fire extinguisher and smoke detector in your office. If you use the computer frequently, you also need a computer setup that fits you properly. When you’re protected in the case of fire, you’ll spend less on insurance premiums, and an ergonomic computer set-up will ensure you stay free of RSI or carpal tunnel.
Take chances if you want your business to stand out and be successful. Trying new things will attract the attention of new customers and increase your profits. If you never change your routine or strategies, your business may stagnate rather than growing and improving.
Regardless of business type, the best way to succeed is to provide unrivaled service. Your management abilities will determine how successful your business will be. Keep learning ways …
When thinking about investments, many people believe it has to do with the stock market. Real estate investments can often double or even, in extreme cases, triple, your initial investment over time and when handled properly. Use the advice in this article to make money by buying property. Before long, you will be a pro at it!
Learn about real estate before investing money in it. Doing so can give you a lot of useful advice about how to make money in real estate. Read every source you can get your hands on; you can’t be too informed.
Remember that reputation is key in this realm of business. This is why you must never lie to clients and always keep your promises. Your reputation is what will make you a success or will quickly put you out of business.
Do your research to find out what the local values are. Mortgages and rent costs will give you a good idea your property value. When you understand what is happening at the street level, your decision will be better informed.
When you want to invest in a property, ensure that the rental income will take care of any mortgage. When you do this, you start with the right foot. There is little worse than needing to dig into your own pockets for rent that isn’t coming from your tenant.
Learn all you can about real estate investments prior to spending any money buying properties. Investing in real estate can lead to hefty losses when you are careless. Your first investment should be in training yourself properly and know how to protect yourself.
Avoid bottom of the barrel purchases in real estate. Even if you’re thinking it’s a good price, the property could be stuck with you for quite some time because nobody will want it. Spending a bit more to get a property people want is a better bet.
Understand the value of your time when it comes to opportunities. It may be enjoyable to fix up interesting properties; however, you must consider the value of your time. Or would you be better off searching for the next opportunity? Outsource what you can. Keeping your time free allows you to focus on the important angles for your business.
If you are thinking about purchasing real estate to rent, hiring someone to manage the property to help screen good solid tenants is a must. Applicants should have a good credit history since you are going to be relying on rental income to pay the bills. You might lose money if you do not do this.
Don’t let a real estate investment deplete your emergency reserve or cash fund. Make sure that you always budget to the best of your ability when it comes to your real estate investment property. Make sure daily life doesn’t get negatively affected by this.
When looking into real estate investments, don’t allow sales agents or lack of experience bring you down. Just imagine how much you can …
You can make large amounts of money on the Internet. Actually, many people pay their bills by working online. The Internet can be a great place to earn extra money. You are going to discover some truly useful advice in the following paragraphs.
If you want to make money on the Internet, you have to decide what niche is the best for you. Do you have a knack for writing? Think about becoming a content writer. Is graphic design something you are good at? There are many individuals and companies who will pay you to make logos and graphics for their websites and blogs. Look around to find what you want to do.
Do you enjoy writing? You might want to look at any website that allows you to post articles and share revenue. Two great ones are InfoBarrel and Squidoo. Both sites place ads on your site and split the revenue with you. You can even combine this with an affiliate program through Amazon.com to further boost your earning potential.
Make an online income schedule that you follow daily. You have to persevere to make money online. You won’t get rich overnight. Hard work is part of the deal. Figure out when and how you are going to work each day. One hour per day could be all it takes.
Look into surveys. Lots of online survey opportunities exist. You can earn a decent amount of money just filling out surveys in your free time. One or two surveys by themselves won’t pay you too much. But the great thing about them is that you can do them while watching TV or during other free time. Put the money in savings and you will see it grow over time.
Being a tutor online is a business that is growing. Therefore, teaching through the Internet is something that you could do from your house. As long as you have an in-depth knowledge in a certain area, you could be a tutor for a site like SmartThinking or TutorVista. Put in the time and effort, and you never know what opportunities could then become available to you.
Make money off your free time. There are tasks you can do which will make you money without much focus. There are tasks like the ones on the site for Amazon’s Mechanical Turk (mturk.com). You can even perform these tasks while cooking dinner or watching television. Don’t expect to break the bank with this technique, but you can make some of your time online pay off instead of being time completely wasted.
Keep your income streams diversified. It is better to have a few sources of income so that you have options and don’t get burnt out doing the same old thing all the time. The Internet is an ever-changing workplace, so you have to be ready to adapt or your skills may become obsolete. The best thing that you can do is spread your income streams around. If one things runs dry, you’ll …
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