Money

No Picture
Money

How to Find a Legitimate Turnkey Business Opportunity

August 29, 2022 Comments Off on How to Find a Legitimate Turnkey Business Opportunity

If you are thinking about trying to set up a legitimate turnkey business opportunity, you need to do a lot of homework before you start. There are thousands if not more turnkey opportunities touted on the Internet. Many sound fabulous. They claim that you can make millions or at least hundreds of thousands of dollars with very little effort. If that were true, we would all have turnkey businesses online.
The first thing you need to do is make sure you can contact someone at the business. If there is no way to get in touch with the company, you will likely not be able to get in touch with them after you are a member. If their claims of making money are too good to be true, they are. To find a legitimate turnkey business opportunity, you need to find one where the sellers of the program have a vested interest in your success. If they are interested in your success, and they benefit from your success, you have found a legitimate opportunity.
Make sure that when you choose the business, you have access to webinars, mentors at the company, classes and other learning sources directly from the company. It is also helpful to have access to blogs and other communications forums, so that you can get ideas from other people who are doing the same thing. If you join an organization where other people with the same goals are encouraging each other, you can rest assured that you have found a legitimate turnkey business opportunity.
Don’t expect to get rich quick. A legitimate turnkey business opportunity will require a lot of work and dedication. You will have to spend time everyday working on your business. The main thing that you will have to do with a good turnkey business is learn. You will have to become a student again and truly learn everything you can about the business. Once you do, you can follow through on the guidelines and begin to earn money.

No Picture
Money

Business Lesson From A 13 Year Old

July 26, 2022 Comments Off on Business Lesson From A 13 Year Old

Actually the 13 year old in question was me – in 1974!
I guess I had an entrepreneurial streak even then. In 1974, Britain was in recession. The miners’ strike had resulted in a national fuel crisis and on many evenings the electricity was shut down at about 7pm. I did my homework by candlelight.
It was also the year I had my first business – and my office was the school school’s system was that every Monday morning, we would all queue up in the assembly hall and buy five pale green plastic tokens. Each token cost 12p, and so every pupil would buy 5 tokens to last the week for a total cost of 60p. We’d then exchange one of these each day in the canteen to pay for our school dinner.
The idea was that this meant the kids didn’t have to carry cash on them whilst at school and would be ‘committed’ to eating a school dinner each day. It also meant the canteen could operate without handling any cash directly.
By Thursday or Friday however, there would always be a surplus of these plastic tokens in possession of the kids. This was because not everyone would have their lunch every day. Some would have been absent for a day or two, others chose to buy sweets or chips in the nearby town instead. So at the end of each week, I could buy dozens of these plastic tokens for about 3p each.
Come the following Monday morning, my school mates could either buy 5 tokens from me for 50p, or buy the same thing from the school for 60p. Inevitably, my supply could never meet the demand. As a result I was always by far the wealthiest kid in my class.
Looking back, there were a number of interesting aspects to this. Some I can explain, others not. The first inexplicable fact is that no-one ever copied my idea, even though all the other kids knew exactly what I was doing. They were just happy when they got to me quickly enough to buy from me on a Monday morning and could immediately pocket the 10p they were saving. I guess the lesson from this is that the majority of people don’t think long term (even if by long term we mean 3 or 4 days). They just want a quick and easy deal today.
Secondly, this was a business with no investment required, no overheads and huge profit margins, which just couldn’t meet the demand. Not that I worried about this, I was doing just great thank you. The lesson here is that a good business always creates happy sellers and happy buyers, and this was exactly what I was doing.
Thirdly, in hindsight I guess there was a risk for me. If the school had ever discovered what I was doing, I would probably have been expelled, rather than praised for my business acumen. So I took measures to ensure that the school could never pin anything on me. My ‘stock’ was hidden in a variety of secret locations. I was never caught and the risk never materialised. This lesson is that although we can never eliminate risk completely, we can take effective steps to minimise it.
You might argue that I was robbing the school and even devaluing their ‘currency’, and it’s true that today this moral aspect would prevent me from adopting a similar business model. But then I was only 13 and learning the ropes! It would be quite a few years yet before I was being invited to speak at business schools.
The last and perhaps biggest lesson is the great feeling I had from helping my friends save money. My business made me a lot more friends than I’d have had otherwise. And that’s the most important thing. A good business is about satisfying your customers needs in a way that they love. If you can do that, you’ll always keep them coming back for more.

No Picture
Money

Internet Marketing: The Buyer and Sellers Dream

July 23, 2022 Comments Off on Internet Marketing: The Buyer and Sellers Dream

To perk up your business activities, you have posted your ads in print media such as various glossy magazines, newspapers and colourful shopping catalogues; you have tried expensive television airtime complete with smiling blonde models and dashing corporate hunks. These are all too expensive and exposure is limited, lay-outs are outdated as fast as you can blink and you have to do a lot of things over and over again without much return on sales, so that next time you look at the audit sheet you learn you’ve spent more on useless ads than the amount your company earned.
The worldwide web is the new marketing paradise. At the onset, only a few of the corporate giants dared to advertise online. Now, even the newest and smallest of business ventures can participate in e-commerce and pocket a few sales, if the ad lay-out is good and the marketing strategy is efficient – and it may even get more sales than in a real showroom. One can begin selling products as merchandisers on online shopping sites or comparative shopping sites, if your product line is in that category. You may later upgrade by setting up your own shopping website as your inventory list increases. For businesses that sell products and services that are not department store items, space may be available at various shopping and classified advertising websites and you may even find some offering free, but limited, space. Placing small ad banners or promotional widgets on social networking sites or search engine ad pages, may be the most rewarding of all, if you cannot afford to maintain your own website. If you have tested internet marketing through the simple ride-on method and had a few sales to speak of, then it is time to dream of bigger things and maximize the pleasures of the real internet marketing paradise.
Setting up your own internet marketing website begins with planning your promotional techniques and lining up an array of interesting advertising blurbs for your click-able banners that would link your website to the major social networks and search engine browsers. Create a homepage lay-out which is interesting enough to make a visitor want to stay and read more, or surf all your pages. Include a forum page where users may leave feedback and comments, this will give you ideas on how to improve your site, or get requests from prospective clients. Offer bonus coupons to frequent visitors and referrals and run constant product promotions or contests. Offer spaces to affiliates or item sellers related to, but not a competitor, of your product line. This will make your website appear more attractive and increase your marketing network. Your product photos should be shown in the best color resolutions to make them appear better looking than the actual piece if possible. Moving videos of items are the best, but eat up a lot of disk space. Never display an item without a nice caption and complete product description and specification. Price or price range is a must as, without this information, your product is just one more item to admire but does not sell. Get reliable e-commerce software for sales conversion – a shopping cart that drops the sold item ready for payment by credit card linked to your site. With internet marketing, it is easy to close a sale right away. You don’t even have to be there to seal the deal, as the web host does it for you online while you work on your business offline.
The surge of internet marketing benefits both seller and shopper. The sale is consummated by just a few clicks of the mouse and your keyboard and the virtual cash register keeps clocking up sales at an amazing speed. For the shopper, it saves the trouble of road traffic and an exhausting day of walking square miles of shopping malls. The internet marketing boom is attributable to the increasing need of people to conserve time and resources, so shopping on the web provides convenience for busy individuals and may be done at any time of day, which is both beneficial to the buyer and seller. The worldwide web is in its finest hours, providing opportunities from the biggest to the smallest businesses.

No Picture
Money

Small Business Enterprise – Why You Need to Do Market Research

March 30, 2022 Comments Off on Small Business Enterprise – Why You Need to Do Market Research

A small business not only needs to be unique, but also good enough to survive the harsh economic times. Research is the key word in trying to determine the best business idea. Talking to friends, family and other enterprise owners that operate in the line of the idea you have, will prove useful in helping you establish the venture. Family in particular will give you brutal criticism, both positive and negative that will leave you with only fine content.
Talking to potential competitors will give you tips on how to run and manage an enterprise, such that eventually, you will have acquired the necessary knowledge on what you can do. As you come into the business arena, you will be equipped with knowledge and will be better placed to do more than your competitors. To improve your venture even further, you are advised to take up advisory counsel with the Service Corps Of Retired Executives (SCORE).
For your enterprise to be good enough, you should also conduct market research. The information you gather from this exercise makes your mind more open and objective to the market trends and happenings. Market research is crucial when coming up with a long-term plan. It also sharpens your skills as far as handling potential and existent clients is concerned. It makes marketing much easier because then, you will know what it is that clients are interested in.
Once you have your idea on paper, try a test run to see how viable it is. A trial run helps you determine the loopholes that are likely to be exhibited in the course of running the enterprise. Do not be intimidated by large corporations that may be in the same line of operation as you. Starting small is a blessing in disguise because you get to learn in small doses.

No Picture
Money

How to Research Markets for Business Startups – Part 1

March 15, 2022 Comments Off on How to Research Markets for Business Startups – Part 1

Introduction to Market Research
In the world of business, it’s an ever-changing atmosphere that runs constantly hot and cold, habitually black and white, and never completely the same way twice. Today’s business is so far removed from the business of a few years ago that most attempts to start a business with a 2002 formula – for example – unequivocally and utterly fail in the 2008 climate. For this reason, market research is vital if one would hope to find out the crucial aspects of the marketplace that will help a business succeed in the long-term.
It’s essential that a person starting up a business knows if there will be enough demand for their products and/or services in the marketplace. In order to gain the biggest advantage for sustainable success, businesses need to flourish within their first year of operation. Most businesses are failing simply due to a lack of basic market research. It’s this caution-to-the-wind, head-first dive into business that will ensure nothing but failure.
# Market research is also a key component to your business due to the “preemptive” way in which it can be implemented. By using market research to test a new business idea or product before its full-scale release, proprietors can properly gauge the atmosphere and develop a plan for launch. By analyzing other aspects like competitor activity, market research can help paint a clear picture of the current marketplace, thus allowing a niche to be carved out for your new business.
In this guide to market research, you will find answers to some of the most asked questions regarding the marketplace and the idea of conducting thorough research before attempting to solidify a position in the business world. Ways in Which Market Research can Benefit YouDoing a good bit of initial market research is a tremendous step in ensuring your business will succeed. Here are just a few ways in which doing the proper market research can benefit your business:Helps to gauge the marketplace as a whole, or in distinct areas, thus discovering whether or not your business idea is marketable
# Discover the value and also the value of demand for products you’re hoping to sell on the market
# Helps to uncover current marketplace trends which may affect your sector, both now and in the future
# Discover specific information about your target/niche customers, i.e. who they are and where they live, as well as certain aspects like gender, age, employment status, yearly earnings, and buying habits
# Uncover your competition and find out their many strengths and weaknesses in order to formulate a strategy to take over the lion’s share of the marketplace
# Find out whether or not there are potential business partners interested in your particular niche or business
Further Information about Market SectorsIt’s always important to approach market research like a Q & A session. You ask yourself the pertinent questions, and then perform research for the answers. This is especially important to do when it comes to your business idea and market sector.Questions to ask:
# How much of the market share will I have to seize in order to be successful?
# Have I found sufficient demand for the products/services I plan to market?
# Are these (my) types of markets growing or shrinking?
# What are some of the current trends that can help or hurt my business?
# What do the forecasts look like for the next three years or so?
Today’s video is about how you can use to research niche markets.