Business

Step-By-Step Training Video Series to Start Your ...

December 8, 2010 By admin Leave a Comment

By Adrian Mareensky

Make Money Online. I’m sure that by now, many of you have already heard of it and since you’re reading this article, you must also be interested in trying it out yourself. The internet is a vast expanse. It is a lot like a mini-world in itself and within it you’ll also find ways to earn money. Not only does it make our life easier, it can also help us achieve our dreams of being financially free. There are many ways by which one can do this. One of which would be starting your own business.

You can start selling products that you have created yourself online. There are actually training videos that would help you prepare for this. Some are only available through a paid membership in a website whilst there are some that you’ll find for free. The information would surely vary but both types would be extremely beneficial for your business plans. Now, if you’re a crafty person then you can start selling the stuff you make online.

There are places such as etsy.com that cater to people who are always on the lookout for unique and handmade items. It can be accessories, knitted items and even clothing. You simply have to sign up and put your items up for sale. It’s pretty simple. However, if you aren’t crafty and have got no products of yours to sell then you should opt to become an affiliate instead.

Joining an affiliate program would give you the opportunity to market and sell another person’s products and earn commission for every successful sale you make. Joining an affiliate program is quite easy. You begin with joining a website such as clickbank.com where they would provide you with access to numerous affiliate programs. Some programs are only open to people in a certain country but the majority would be open internationally.

You simply pick an affiliate program according to the kind of products you want to sell. It can be fashion, cookware, gadgets, home supplies and so on. After you’ve chosen, you simply apply and wait for their response. There are some programs that would accept your application automatically whilst there are those where you have to wait. When you get accepted, you simply copy the marketing materials they would provide you with and paste it somewhere on your blog or website. From there on, you can start selling.

Of course, learning how to make money online can be done through experience alone. But if you feel like you need someone to guide you, then an online video tutorial series would be your best bet. Through it, you can learn all sorts of marketing techniques to help boost your sale and your profits as well.

There are also places wherein they would provide you with tools such as ad copies to further develop your business. Having this guide would also provide you with the knowledge you need in order to make wise decisions when it comes to your business. After all, knowledge is power and that saying is definitely true when it comes to making money online.

About the Author: Adrian Mareensky is member of a private money making society online. You can join the most respected online training club and learn how to make an extra $10,000 each and every month! Once you’re accepted just follow the training videos. It’s really quite simple. Visit www.3mmoney.com for more information.

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How to Convert Leads Into Customers With Automated ...

November 29, 2010 By admin Leave a Comment

By Taylor Garland

As an entrepreneur or business owner, you know it’s critical to be in touch with your customers. That’s how you stay top of mind with them, and how you build trust. And as I am sure you have heard many times, if people trust you, they will buy from you. Email marketing also increases your chances of getting word of mouth referrals, because people can easily forward your email to their friends and family, which is a beautiful and effective recommendation of your business by someone’s friend or family member!

The easiest and most effective way to stay in touch with your list of existing customers and prospects is through email marketing. The way to make it automatic so that you do not spend hours and hours emailing all of your leads is to use a service called an autoresponder. That’s just a fancy name for a service that sends emails automatically on a certain predetermined timeline to your list. If you wanted to, you could sit down one day and write thirty different emails, and then tell your autoresponder service to send a different one each day to your entire email list for an entire month! That’s probably overkill and you would annoy a lot of customers if you bombard them every day, but this example shows you the power of autoresponders. Imagine if you had to write a separate email every day to each of the hundred or thousand people on your email list for thirty days. You would never get it done, but you could get it done with an email autoresponder system. If you’ve ever signed up for something online, it’s likely that you’ve been on the receiving end of an autoresponder email. So many internet marketers use them because they work so well.

There are several inexpensive email-marketing services, such as iContact, Constant Contact and AWeber. They are in the range of $10-15 a month and it’s incredibly easy to set up your account. I personally recommend iContact, as I have used all three that I mentioned in this article plus another one called 1ShoppingCart in my own businesses, and have found iContact’s system to be the easiest and most user-friendly. Then, if you have a bunch of existing customer emails, you can upload your list of existing customer email addresses from an Excel file to your new account, and you’re ready to go! As you add new names to your list using strategies like squeeze pages or opt-in pages, those new leads will be automatically entered onto your list so you can market to them in the future.

Now that you’ve set up your account, and have uploaded your list, it’s time to begin communicating. It’s okay if you only have ten people on your list, just start communicating with them and providing value to them a couple times a week. Daily emails are generally too often and get annoying, unless people specifically signed up for a daily tip. However, if you are communicating with your list any less frequently than once every two weeks or so, you run the risk of people forgetting about you entirely in this age of information and short attention spans! Another helpful tip: don’t use ALL CAPS or exclamation points in your email subject lines, because Spam filters will likely identify these emails and pull them out before your customers can read them.

When thinking about content for your emails, keep it short, to a few paragraphs at maximum, and keep your content focused on one primary message. You are trying to deliver one important message in your email, not tell them everything about your industry or everything you can do for them. Remember, you’ll be communicating with your audience again soon enough! And, make sure you keep your content interesting and useful, so that your customers get in the habit of opening your emails and not just deleting them as “useless promotion”. Useful, funny and/or entertaining is so much more powerful for growing your relationships with your prospects and customers than dry, information overloaded, or overly promotional.

Now that you’ve written the first email, you can create an autoresponder series in your email marketing account, and make this email the first one in the autoresponder series. Then, you can draft as many follow up messages as you would like, and set them to be sent automatically to this list on, for example, day 4, then day 7, then day 12, etc. This way you can knock out a month’s worth of marketing in one shot, quickly and easily! You have now enabled your business to communicate with customers and prospects instantly and continually, for only a few dollars a month. Email marketing should pay for itself very quickly, as it usually only takes one new customer or add-on sale to pay for the service itself.

About the Author: There are many ways to find new customers and make more money on the Internet, but nothing makes sense unless you are implementing the critical, fundamental strategies that are available to you right now. Once you have tons of relevant traffic, you can chart your own course. Discover how to harness the power of the Internet to create your own cash-producing machine. Sign up for Taylor Garland’s FREE online newsletter to learn how to do that – http://CriticalInternetSecrets.com

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10 Step-by-Step Business Startup Guide: Step 8

November 20, 2010 By admin Leave a Comment

By Dave J

STEP 8: People

In a small to medium scale business, the importance of a single team member can be enormous. Every person I place under my organization (be it associates, staffs or suppliers) must be a star. This may sound “impossible”, but it is possible. Firstly, I would define what a star is within each role in my organization. Then I would seek them out.

Throughout the years, I have been employing three simple approaches to be sure superstars are attracted to work for my organization – they have been proven to work successfully:

1. Understand the power of people

2. Take proactive role in recruiting great people

3. Retain great people through constant motivation

Great people can make mediocre idea and turn it into success. Thus do not underestimate the power of great people. I have read many autobiographies of successful business magnates and all do point out that their businesses shine partly because they have great people serving them.

Hence, I usually brainstorm to list down what kind of great people I want in my organization. I would cover all the people that I will be dealing with including my associates, suppliers, association members, staffs, sales representatives, etc.

When it comes to attracting great people, I always keep the recruitment role to myself. If I want a superstar, I must be proactive in recruitment. Find out as many ways as possible that I can to attract and recruit great people – for example personal observation, advertisements, word of mouth, recruiting agency and so on. Once I have the names, either through personal observation or advertisement, the key step is to call them for an interview or a meeting. People like to be invited or head-hunted to join an organization because people are flattered when they know they are wanted.

Once I have recruited great people and they have proven to deliver results, I would retain them at all cost. Of course I have to be cautious not to over commit! It is true that, many people work for money but money is not the sole denominator for loyalty. Here are some effective ideas I constantly put into practice to keep people motivated to stay loyal with my organization in the long term:

* Sharing the business vision and mission, and if possible, I would accommodate theirs into my business plan

* Creating a positive and supportive working environment

* Giving them a personalized touch so each member feel wanted and respected

* Customizing perks and incentives so that they could get what they desire

* Recognizing the whole team for their performance, yet avoid bias recognition

* Organizing regular social events to linger with my members to enhance the organization’s sense of belonging

* Listening to members’ problems and morally support them to solve their own problems

* Motivating for positive results and avoid fear management

*Note: Unproven teories to not be shown to my readers! If you need any small business startup help, feel free to visit my Website

=> To get the complete online business course on small business startup guide, log on to http://www.12daysonly.com , and redeem your BONUS PACKAGE worth US$1,396.00

–

Disclaimer – This article may be freely reprinted in its entirety in any e-zine, newsletter, blog or website. The author’s name, bio and website links must remain intact and be included with every reproduction.

About the Author: Dave J, is an E-preneur, NLP-Certified Business Coach and Author. Dave J has served as an advisor to countless small-level to high-level business leaders around the world. Read more about Dave J at, http://www.12daysonly.com

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10 Step-by-Step Business Startup Guide: Step 4

November 16, 2010 By admin Leave a Comment

By Dave J

STEP 4: Organizational Structure

This is the step where I need to select an organization structure that best fits my business model. I personally find there is no “best” structure for all businesses. However, I normally prefer to select one that provides me with high autonomy and low tax liability. Again, this will also depend on the national, federal or local tax structure for each business entity in the country or state I conduct my business.

Before setting up my company, I would do insight research on all the options available for my particular business model, particularly the advantages and disadvantages of each formation, paying special attention to the tax implication and government formalities as well as red tape in the location or country where I operate. I never assume all countries are similar.

Let’s take a look at four common forms of business ownership:

1. Sole proprietor

2. Partnership

3. Corporation

4. Limited Liability Company

Before selecting the form of business, I always find it best to work closely with a lawyer or a financial planner to ensure I have the right information, compliance and resources that allow me to make the right choice.

Sole Proprietor

This is a very popular form of business in many countries (i.e. America, Canada, UK, India, Australia, Hong Kong, Malaysia, etc.) because so little is needed to set up a sole proprietorship. Apart from local business licenses, there are minimal government fees and paperwork. It is instant, cost effective and minimal (or even zero) compliant requirements by local authorities.

On the other hand, there is also considerable risk to consider. The owner’s personal assets are vulnerable to creditors and other liabilities. Sole proprietorship doesn’t get the advantage of certain tax breaks that are reserved for Corporation or Limited Liability Company.

In short, this form of business is very ideal for home based business that has no massive inventory or a high number of staffs.

Partnership

Similar to sole proprietorship, this form is very easy to set up and maintain, requiring minimal government fee and paperwork. The initial setup cost and maintenance fees to run a partnership are very low. Moreover, no capital is required to form a partnership. Each partner is not required to raise any capital to start this form of business.

On the downside, each partner is required to account full responsibility for all the company’s debts. If one of the partners defaults on a company loan, creditors can actually go after your personal assets and belongings. Besides that, capital raising is also very limited in a partnership. Just like sole proprietorship, partnership doesn’t get much tax incentives.

Corporation

There are a few types of corporations available depending on the location or country the owners conduct business. However, most corporations (in many countries) share similar characteristics.

The key advantage of incorporating a business is that it shields equity holders (owners) of the company from personal liability. In other words, if business hits hard times, creditors cannot go after the owners’ personal assets to make up for any company debts. Yet, most creditors nowadays would require the owners of the corporation to guarantee the shortfalls if the company goes under. Besides that, a corporation offers significant tax savings (usually not extended to sole proprietorship or partnership), greater business flexibility, company name protection and better opportunity to raise capital via venture capitalist or financial institution.

Bear in mind that corporations are not cheap to set up. It requires some initial set up fees and certain amount of regular maintenance. With a corporation, you have to keep a proper set of financial records, audited by a certified accountant. Depending on where the business is conducted, some government or local authority would require a minimum set of compliance and would also require regular fees to be paid.

There is one option that a corporation possesses – that allow owners to sell their shares of stock to the public (known as public listed corporation). Then this will involve higher startup capital (usually runs into the millions), more legal and meticulous accounting compliances to adhere to.

Limited Liability Company

As for many new entrepreneurs, choosing a business structure comes down to liability protection, low startup costing, tax savings and convenience. This form of business requires fewer formalities and less on-going paperwork than corporations while offering the same personal liability protection and tax flexibility. Just as with a corporation, the company name is protected, and the other members of the company are shielded from creditors and other company liabilities such as lawsuits. A limited liability company only requires the owners to keep minimal company records, and there is no limit to the number of equity owners.

Nonetheless, this form of business is dissolved when a member dies or undergoes bankruptcy. In comparison to sole proprietorship or partnership, it has more paperwork and complexity to set up and to be maintained.

*Note: Unproven teories to not be shown to my readers! If you need any small business startup help, feel free to visit my Website

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10 Step-by-Step Business Startup Guide: Step 3

November 14, 2010 By admin Leave a Comment

By Dave J

STEP 3: Prepare a Business Plan

Once I have done all the preparations, I would start creating a detailed business plan – a document that will provide the priorities, strategies, agenda and sanity I’ll need to startup my business.

In my experience and observation of the business world, the “activity” of creating a business plan is as valuable as the end product itself. Just remember that the most important audience for a business plan is ME. I am accountable for all the statements, claims, statistics and facts. So if I try to “twist” the figure, I am actually lying to myself!

The business plan can also aid me as a tool to generate interest from financiers, venture capitalists, staffs, suppliers and strategic associates.

Regardless of the structure or format of my business plan, I will ensure that my business planning must contain answers for the following twelve questions:

1. What’s my business idea?

2. How does my idea address consumers’ needs/wants?

3. What business model suits me best?

4. What’s unique about my business idea over the rivals?

5. What is the market opportunity and potential?

6. What is my role and responsibility?

7. Who are the key staffs or workers (skip if I do not have any)?

8. What price will the customer pay and how will they buy?

9. How much money do I need to start and run the business?

10. What’s the source of my capital?

11. How will I measure the success of my business?

12. What are my key milestones?

While preparing my business plan, I would cover all the elements of a business plan shown in DAY 3. Just for your study aims, I have attached a sample business plan at the end of this section.

I must ensure that my business plan is concise and neatly formatted (i.e. Microsoft Word document for the bulk of the plan, with any financial documents as attached spreadsheets in Microsoft Excel), and need not include fancy graphics, flowery language or photos. The easier I make it to read, the better.

Alternatively, there are occasions I work better with business plan templates and wizards. Hence, I would search online as there are many business planning software packages available that only cost in the neighborhood of $100, as well as a few free online business plan templates. I would normally spend some time searching for the right software or templates to aid me in constructing my business plan.

*Note: Unproven teories to not be shown to my readers! If you need any small business startup help, feel free to visit my Website

Source: www.isnare.com

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10 Step-by-Step Business Startup Guide: Step 2

November 13, 2010 By admin Leave a Comment

By Dave J

STEP 2: Business Model

Once I have selected the kind of business I want to do, I would brainstorm how to run the business. In today’s technology, there are many business models to choose from i.e. part time or full time, at home or totally mobile, online or brick and mortar business.

But the key is to choose a business model that fits into My Ultimate Plan. I do this to make sure that I spend the right number of days each month, take the right level of risk, investment wise and attaining the level of satisfaction that I want.

First thing first: How much time do I want to devote to my business?

If I only have three days to spare in a week, I cannot start and run a business full time. I will need to do it part time, to adapt my business to time consuming obligations that I already have, such as my day job, parenting responsibilities or other activities that would refrain me from doing it full time.

Once I have determined whether I would do the business full time or part time, I will need to identify the right type of business models to fit into my current situation.

I have complied six common business models here:

1. Home based

2. Brick and mortar

3. E-commerce

4. Franchising

5. Licensing a product

6. Multilevel marketing

Home based

Using the latest technology, anyone can create a legitimate and competitive business from home. In fact, this is the cheapest and fastest way to start an enterprise. It can be run full time or part time, Internet or non-Internet based.

Brick and Mortar

It simply means a business with a physical location outside the home, either leased premises or purchased. It involves a dedicated facility, whether retail, wholesale, service or manufacturing. This model usually involves relatively high capital.

E-commerce

There is no foot traffic in this business model. All the customers will purchase online, from A to Z of the transaction. The owner can sell and service the product/service through an Internet portal capable of collecting payment. This can apply to business that sells directly to customers or to other businesses.

Franchising

This model refers to buying a successful business model, which makes the buyer the “franchisee”. Usually, there will be a franchise fee upfront and a portion of the revenues over time to be paid to the franchisor. Everything the franchisee needs to know on starting and running the business is provided by the franchisor, including the equipment and sometimes, goods and services.

Licensing the Product

Any designer, expert, innovator or anyone creative enough to conceive a product or invention that people would buy but do not want to run the business, can still take advantage of a great product idea or invention by licensing it to another company that has the entire infrastructure in place to effectively manufacture, market and sell it.

Multilevel Marketing (MLM)

This is another business that could be started instantly and with low startup cost. However, to excel in MLM, one must have traits of perseverance and determination. MLM is a marketing and distribution structure. People at the top sell to those below them, who in turn sell to those under them. The higher one achieves in the structure, the more income one derives. Anyone chooses this model must be cautious before deciding to jump into the bandwagon as some MLM attracts its members using “greed tactics”!

Whichever option it may be, I would definitely do some research on its pro’s and con’s as well as the level of suitability to the kind of business I am going to venture into.

*Note: Unproven teories to not be shown to my readers! If you need any small business startup help, feel free to visit my Website

Source: www.isnare.com

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