Thursday, 11 April 2013
Make 40% Profit by linking to "The Secret Code To Success And Wealth In Online Business" on Smashwords
The Secret Code to Success and Wealth™ In Online Business by Genevieve Flight is now live on Apple iBookstore and iTunes and here's the link for you to check it out and sample it too.
Feel free to leave a review if you can. The Author will appreciate it.
Thursday, 4 April 2013
So you just started your online business, congratulations! But you're not yet sure of how to expand them. Here are 7 ways to help you. Read and be motivated!
1. Consider opening another location. This may not be a great choice for expanding internet business. But according to business consultant and writer Frances McGukin, opening another location for your online business is just the same thing as traditional business. Moreover, McGukin recommends online-based business owners to:
Look closely at the trends (both consumer and economic-based) to indicate the staying power of your business. Ensure that the management team (including its administrative systems) is extraordinary in setting a location before keeping it running. Maintain the "bottom-line" profits that have been steady for the first 2 - 3 years of the business. Determine how and where you'll obtain your finances. Set up a separate business plan for the new location.
2. License your offers. This may be a low-cost medium for many online businesses. According to Larry Bennett, head director of the International Center for Entrepreneurship Studies at Johnson & Wales University, these businesses can receive upfront royalties and dues from consistent sales or software use through licensing. This helps control the risks of losing product or service control.
3. Sign a government contract. Rep. Nydia Velazquez of the Democratic Party wrote in her August 2003 article the importance of getting the approval of the federal government in expanding an online-based business. Coordinate with your local SDBC and SBA offices before signing a government contract. The US Chamber of Commerce offers a special matchmaking program for small or online-based entrepreneurs.
4. Target other people. Your present market is serving you well, and that's understandable. But McGukin suggests that having multiple markets is an advantage in expanding your business online. Think about it! If your market ranges from young adults to professionals, chances are you'll be able to earn over hundreds (or even thousands) of bucks and make a name in the online business realm. Sponsor speaking events, entrepreneurship programs and other offerings that can generate a multitude of revenue streams to your business.
5. Place your business website in search engines. According to SEO expert Sally Falkow, 85% of traffic comes from Google and Yahoo. Falkow adds that as of June 2011, about five billion business and traffic doubles every 200 days, making the visibility of these sites crucial to the needs of people.
6. Expand your business globally. FatWire is among the few online-based businesses that successfully expanded its services to over 60 countries. Since then, the company has already established offices in Italy, France, Holland, Spain, United Kingdom, Singapore, Japan and China. To expand the business outside of your country, you need a foreign distributor who will carry the inventory of your product or service to resell them in your target domestic markets.
7. Merge with other online businesses. It's an advantage if the business you chose to join forces with is also up for expansion.
Wednesday, 3 April 2013
"I want to start an online business... What kind of business should I start?"
Most aspiring entrepreneurs ask this very question during the beginning of their journey into business. If you are like most people, the idea of starting your own business probably involves a restaurant franchise, a coffee shop, or a retail store of some sorts (such as selling clothes or books). Or, if you're a little more in-tune with the times, you'll be thinking of starting a technology company of some sorts and hoping to secure some venture capital funding.
There is absolutely nothing wrong with these types of businesses. However, if you're a first-time entrepreneur (and likely, you are if you're asking this question) these businesses are a bad idea to start with. They are very risky, take a lot of start-up capital, and you'll most likely end up doing 12-hour work days, 7 days a week. Even more so, you are betting your most important resources (time and money) on an unproven strategy.
Instead, I challenge you to think of your first business as a pet project of some sort. Something that you are passionate about, and don't mind spending a little bit of money here and there. You'll never "fail" - you're simply learning.
And to maximize your chances of success with your business, here are 6 rules you should follow when you're launching a new business. They are especially applicable if you want to start an online business, but they apply to entrepreneurship in general.
Rule #1: You should solve a certain problem for a certain group of people.
Instead of thinking about business ideas, successful entrepreneurs think about problem-solving for a select group. Look to answer the question, "how can I solve THAT problem?" when brainstorming for business ideas. People are more inclined to buy when they're in a state of looking for a solution to their problem. It's much easier to sell the cure instead of the prevention.
Preferably, you should be a member of that particular group to TRULY know what solutions you can offer them. After all, you can't REALLY know what sort of problems pregnant women have if you've never been pregnant yourself, can you?
Rule #2: You should be able to test the demand for your product prior to launch.
Do not create a product and hope to create a demand for it once it's done. Ideally, you should be able to launch a dry-test before you spend valuable time and resources developing the product. Set up a salespage and launch an AdWords campaign and see how many people "purchase" your product. Don't take their credit card information of course; simply say you are sold out and will contact them once you're fully stocked again. Additionally, you can also list the item on eBay and pull down the listing in the last minute.
Rule #3: You should be able to get it up and running as quickly or as cheap as possible.
You don't have the capital, nor the resources, to build the next PSP or iPod just yet. If you attempt to build something that huge and this is your first time going into business, your chances for failure is very, very high. Once your dry test proves successful, you should be able to quickly capitalize on the demand even if that means starting out with half a product (half a product, NOT a half-ass product). It's perfectly acceptable to start small for now, and get bigger as you progress.
Rule #4: You should be able to outsource a bulk of the work.
Not being able to outsource is a common syndrome for would-be entrepreneurs. They insist on doing it all themselves, then burn themselves out in the process. Don't be cheap, and outsource activities. Think about this as a wise investment for your business. There are plenty of entrepreneurs who have launched entire businesses on the Internet by outsourcing everything, even product creation.
You shouldn't be working on trivial things when you can save days or weeks of work by simply paying someone else to do it. So if web design or programming isn't your strong suit, find someone on Elance who can do it cheaply. Focus your efforts on marketing and selling your product.
Rule #5: You should never buy anything that isn't required until you're making a profit.
Did you know that you only have to double a dollar 20 times before you turn it into a million? Take $1 and double that to end up with $2. Double that to end up with $4. Double that to end up with $8... By step 20, you would've made over a million dollars.
Of course, that's easier said than done. The lesson here is to take the profits you've earned and reinvest it back into the business. Until you're making a profit, do not spend on unnecessary things like coffee mugs with your logo on it, new desks, office rent, etc. Before you buy anything, first ask yourself this question: will the business crumble tomorrow if I don't get this right now? If not, put it in the backburner and move on.
Rule #6: You should be able to scale the business.
This is perhaps the most important rule of them all. After all, you're starting a business, not getting a job. The end goal for your company should be that it functions without your presence. Your business should function in the same way whether you're selling 10 or 10,000 products. Be the police officer on the side of the road who steps in when needed, instead of a toll booth which all cars need to pass through.
Many Americans have a deep desire to have their own businesses especially that of an online one. However many don't have the skills nor the nerve to actually make that step in running and operating it and when it comes to the time of doing it, going full time. The step of quitting ones job can be very disheartening, uncomfortable and downright frightening. Have you ever been to that point after working so hard on a project and you don't get the acknowledgment that you feel you deserve for it? That feeling can be one that wears on you for quite sometime. Well I'm hear to provide some information that you can use in order to see if you're ready to make that next move to entrepreneurship.
The first step in knowing if an online business is for you is this, drive. When you start any venture especially an online venture you must have an inner drive that will wake you up every morning to get you prepared to do your work. You must keep a mindset that is one that focuses on your goals and constantly highlights your strengths and accomplishments. With this you can stay focused and not become easily discouraged if something you worked on didn't end up the way you intended. I suggest having a simple quote and a picture or something in front of you that gives you that drive. It's amazing what a picture and a phrase can do for one's psyche.
The next area of concern should be that of dedication. Like any other business dedication is key, why? Well, you need dedication because now you will be responsible for all aspects of your business. If you don't do the tasks needed then no one will. This can be avoided if you keep an organizer with a schedule that lies out all your tasks for a week or to simplify for the day. Dedication and organization will keep you on a path to success.
The last key element to knowing if an online business is for you involves turning rejections into opportunities. Most people can't take too many rejections because of the emotional toll it takes. This is best dealt with through constant re-evaluation of the steps or marketing that was involved in that last failed opportunity. Looking over the information to see how you can better your approach next time will help you to identify any potential weaknesses you have and to correct them. I say that rejection is only a tool that one can use to better themselves the next time! Keeping a similar attitude can help you to evaluate your current situations so that they can be better for your future.
So if you can put all these aspects together and can stay focused then an online business could very well be for you. Remember it just takes time, commitment, focus and dedication.
I am a young Entrepreneur who is hear to provide some personal insight on varying topics ranging from entrepreneurship to reviews on topics of my liking. I enjoy voicing an opinion on a topic and then engaging in some form of dialogue with others to encourage debate.
Tuesday, 2 April 2013
Congratulations and welcome to the exciting world of online business for work at home moms. Now that you have taken the first step, you might be asking yourself, "what next?"
It is very important to start off on a strong footing and here I have provided 7 tips to get you off to a fast start for your work from home online business here.
1. Success starts in your mind. So decide right now that you will go for success. Burn your bridge. Accept no excuses. To quote James Allen from his book, 'As A Man Thinketh', "As a man thinketh in his heart, so is he."
2. Commit your vision and goals to the paper. Write it down. There is power in the written word. You are the captain of your ship. To get from where you are to where you want to go (time and financial freedom), you need to chart the course for your ship (your chosen vehicle here is an online business) to sail.
3. Begin with the end in mind. Many successful entrepreneurs build an online business with the goal of selling it off down the road. Think: why should anybody buy over your online business? What sort of value can I add to my online business?
4. Don't procrastinate. Don't put off till tomorrow what you can do today. Manage your time properly. To quote Nike, "Do it now". So, do your market research and start your online business straight away.
5. Balance action with planning. One of the most common pitfalls to successful entrepreneurship is getting too caught up in action without enough planning. Stated another way, this means that you confuse "being busy" with "working on important projects." The best approach is to plan your next couple of goals and then work backwards to create step by step action plans to reach them. Once you have the plan, then it's time to take the action. Ask yourself, how many hours would you commit each day, each week to your new online business? Make sure that your time is productively spent. Ask yourself for each task that you do whether it's an income producing activity. Should you yourself handle the task or is it more effective to be outsourced?
6. Network and network. Build relationships whether it's online or offline with like-minded people. One of the fastest ways to grow any business is to make connections with other people. Be sure to share your passion and enthusiasm with others at every opportunity. Let people know who you are and what you offer. Remember, people can't buy if they don't know you're selling. Be professional when you network with others.
7. Keep learning. Become a lifelong learner. Learn from those who have succeeded. Discover their success factors. Learn too, from those who have failed and avoid their mistakes. Set aside money to invest in your online business education. Form a mastermind team to brainstorm ideas and for accountability purpose. Get a good coach for your online business.
Hopefully, these seven tips will get your work at home online business started and growing in the right direction.
Monday, 1 April 2013
Everyone goes through that point in life where some pondering on career choice is necessary. Some go through it a gillion times in a lifetime, while some are fortunate enough to go through it only once, having picked the perfect one the first time. But when it comes to entrepreneurship, anyone can make a career out of it. Some, in fact, after wrestling with a career they haven't been comfortable with or have lost the passion for, have found that it has been what's right for them all along. Consider it yourself. Maybe that's where your calling is. And if you're going to be an entrepreneur, don't think it's so difficult. It will take hard work yes, but you can start even now if you've saved up a considerable amount of money for your capital. How do you go about it? You can start a free online business.
A free online business can be anything from affiliate marketing to actually selling your own products and/or services through the Internet. Affiliate marketing is also known as crowd-sourcing. With it you become an affiliate to a primary legitimate business which is the retailer or the brand. The gist of it is you establish a website where you advertise that retailer and those people who come and visit your affiliate website will be referred to the retailer.
There also are network marketing businesses which let you in on the network and make you a distributor of products and services such as home décor or travel and lodging packages, and those being in demand products, there is a concurrent high demand for distributors like you. So you and all other distributors work to recruit other distributors and with each recruit you get perks and privileges from your network marketing company such as all-expense-paid vacation trips, all to reward you and motivate you to perform your role even better as a distributor and recruiter.
You can also choose to sell your own product or service. No matter who you are and what previous line of work you were in (or are still in, if you choose to only earn additional income from your online business), you have something you can offer to people. You might be a talented web designer so you can be a freelance web developer, designing the site itself and managing its content too. You might be a prodigious painter and you've got masterpieces you can sell for reasonable prices to art appreciators wanting to beautify their homes with a splashes of color on canvas. You might be a very creative graphic artist in which case you can design T-shirts or other home decor to display on sale on your website. If you don't think you're one for affiliate marketing, network marketing or any other type of passive entrepreneurship, perhaps the free online business that's suited for you is active marketing of your own product or service. All it takes is determination, some capital, and a computer with an Internet connection. Plan it all now and start today!