March 6th, 2008 by admin | No Comments | Filed in Misc
It is a purely shocking statistic, that only 4 in every 100 affiliates, actually turn over more than a few dollars. This is an truly awful statistic, but one that can be easily changed. The reasons as to why this phenomenon of awful sales occurs are numerous. In this article, I will be dealing with resell rights e-book packages, as the sales example item. However overall this article, can be applied, to any sales product.
The number one reason why sellers fail online, is caused by a lack of knowledge, as how to advertise their products. FFA’s are a good example of this. Visit any ffa page on the net and you will see people struggling. Thousands of affiliates and other sellers use these methods as their sales vehicle. It is certain you will fail if you use these type of methods. The only people who will ever see these type of sites will be other sellers. And it would have to be one brilliant product, to be able to make a successful sale, to another seller via this method.
The second main reason, are products which are sold with pre-built sales pages. This whole process promotes a system, by which sellers think they can promote and provide websites, built-up totally with single web sales pages, and make easy money as a result. The resell products, themselves, mostly are initially purchased by sellers, because of a main sales pitch of ‘You Will Make Easy Money’. The product itself becomes second best. Potential income becomes the sellers main driving point and this simply misses the mark totally. This is a real online marketing trap. All this provides is a one page sales pitch without the backing of any real substance. This substance can only be given by the backing of a real website, with your resale products built in, as part of it. And the products you sell should always be a necessary part of the topics covered by your website. Remember always, never sell items with standalone sales pages, without a reference point. And this reference point should always initially be found exactly, in the beating heart of the pre-sale, that can be found on your own website. We will get to this point in more detail further below shortly.
continue read Beat The Phenomenon Of Awful Sale Statistics…
Tags: Marketing, Small Business
March 5th, 2008 by admin | No Comments | Filed in Misc
Network marketing online is a great way to do business from home, at your own time and pace. Moreover, the vast resources of the Internet are at your fingertips. You no longer have to start out locally, building gradually over several years to a significant market presence. Most successful network marketing online companies have spurts of meteoric growth.
The core job of a company and its distributors is to motivate, educate, and support their consumers and downline. The Internet allows distributors to accomplish their responsibilities on a level never before imagined. Technology, by allowing distributors to accomplish more in less time and to communicate more effectively to more people, is essential to new network marketing companies. In other words, network marketing online is the new age business!!
continue read Network Marketing Online Saves Time…
Tags: Network Marketing
March 4th, 2008 by admin | No Comments | Filed in Misc
What’s your job profitability? Do you know?
Many business owners are unsure of their profitability at a company or job level. They “think” they are making money because they have a few dollars in their checking account. Having money in your checking account doesn’t mean you are profitable. It might simply mean you haven’t paid all the bills yet, so you have a little cash. Cash and profit are two different concepts. If you don’t know your exact income and expenses for each job and your overall business, then how can you know whether you are making a profit? And, if you aren’t profitable, your business won’t last long.
Analyze Each Job
Regardless of the size of your business or your industry, profitability is something you should be monitoring on a monthly basis. To determine your profit, you must know how much you make and spend on each job. Expenditures should be tracked for direct labor and material costs on each job. In addition, you should also be tracking overhead costs and allocating them to your various jobs as applicable. There is always going to be some general overhead, but too often dollars are thrown into general overhead, when those dollars could easily be attached to specific jobs.
continue read Is Your Business Profitable?…
Tags: Business
March 4th, 2008 by admin | No Comments | Filed in Misc
Use this comprehensive checklist to plan each step of your new business and transform your dream of entrepreneurship into reality. These steps may not necessarily be completed in the order listed; however, you can use them as a guideline for completing all of the necessary business startup tasks.
- Determine what kind of business you want to start.
- Learn about the industry for your business.
- Analyze the market for your business.
- Study your competition.
- Educate yourself on running a business.
- Join trade associations.
- Name your business.
- Perform a trademark search.
- Register a domain name.
- Design a website.
- Obtain a logo.
- Determine business structure (sole proprietor, partnership, or corporation).
- Evaluate your personal budget.
- Write a business plan.
- Write a marketing plan.
- Locate financing.
- Create a list of start-up supplies with budget.
- Set up a system for accounting and payroll.
- Apply for business license, fed tax ID, fictitious business name.
- Select a location and set up shop.
- Order signage.
- Obtain business tools (computer, printer, fax, postage, office supplies, and fixtures).
- Order business stationery (business cards, letterhead, brochures).
- Obtain inventory.
- Create an operations and employee manual.
- Hire employees.
- Set a launch date.
- Plan a grand opening event.
- Send announcements to everyone you know.
- Send press releases.
- Turn on the OPEN sign!
- Revisit your business plan and update often.
- Evaluate your marketing strategy often.
- Prepare a realistic business plan.
continue read Checklist for starting a business…
Tags: Business, Business Plan
March 4th, 2008 by admin | No Comments | Filed in Misc
When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method.
Cash Method
If you are looking for simplicity, the cash method is probably your best accounting choice. Generally, income and deductions can be claimed when payment is actually received or made. This is best shown with an example.
I open a small business and have to order business cards and stationary. I receive the products and pay the invoice on November 18, 2005. Under the cash method, I can deduct the cost on my 2005 tax return.
continue read Accounting Methods – Cash and Accrual…
Tags: accounting, Business
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