Planning and Executing an Import business

The high returns of an import business means that you will get a bigger return for your time and that you can start with an investment of less than $100. The further added advantage of such a business is that you can run it right out of your home and it has the potential of growing your wealth faster than in any other business.
Before you start an import business it is however recommended that you first carry out a market survey of the specialty product that you intend to sell. This will help you determine how many units other firms handling your specialty product are selling.

This survey should include asking friends and associates if they would buy a given item and at what price they would be willing to pay for it. Make sure you have a market for every import before you buy it. Never order an import until you know how many units you can sell and at what price.

For low priced products you may not have available dependable information and you will therefore have to trust your instinct. This you do by observing what is popular and selling today and by predicting what will be popular tomorrow and watching to see if your predictions are true.

Pick the ideal Import

The ideal import will usually be light, safe, cheap (not costly), shippable, quickly available, unique( not easily duplicated), solely available to you, smaller than competing items, simpler to use than others products.

In other words the product must be different and offer something different than what is locally available. No import will off course ever possess all these ideal features. It is therefore for you to weigh and get the most desirable.

Imports worth considering would include cotton cloth products like shirts, trousers, and other garments for children and adults in new and unusual designs. Peppers and spices form all over the world with unique tastes would be another success. Yarns and threads for the home and professional markets may also be popular and sell well. Art and craft from other countries as long as it offers something new may also be successful.

Read more: http://bizcovering.com/business/planning-and-executing-an-import-business/#ixzz1QQ8NajUE

The Concept of Pricing Your Products or Services

An appropriate pricing strategy can increase sales, increase profits, and separate your business from the competition.

The first thing that one needs to do to effectively price their product or services is to determine the total costs of the product or service in order to set the theoretical floor for pricing decisions. Material cost, labor cost, and overhead cost institute the total cost of producing a product or service.



Creative Pricing Techniques

1) Skimming Pricing: – Set initial prices relatively high to recover the initial capital spent, developing the product or opening the store. Feature on quality, service or uniqueness. Use this method only if you can capitalize on a current trend or fad.

2) Penetration Price: – Set initial prices low at first to quickly penetrate the market. As business develops gradually raise prices to a more profitable level. Feature or capitalize on low prices and convenience. Be careful however not to set your prices too low that the customers think your products are inferior.

3) Promotional Pricing:- Set special low prices to introduce new products or a new line. Consider two- for- one specials end of season sales. This method maintains traffic stimulate demand and make room for new merchandise.

4) Loss-Leader Pricing:- Select one item and advertise it at its lowest cost to create store traffic and sell other regularly priced items. Loss-leader pricing is only appropriate for items that already have low margin but can drive sales of accessories or related items.

Read more: http://bizcovering.com/business/the-concept-of-pricing-your-products-or-services/#ixzz1QQ6H1jCS

20 Ways to successfully Advertise your products or services

To run a successful business you must have a way or ways to make people know about your services or products.
In the early days or in the set up, your concentration should be more in public relations, sales promotions and personal selling than on advertising. To get results from your advertisement follow the following guidelines;

1) Know your objectives- ask yourself what you intend to achieve with your advertisement before launching out.

2) Remember advertising is salesmanship in print and the more you tell the more you sell.

3) Ensure your promotional efforts are measurable .

4) Remember specifics sell, for instance 29 is more believable than 30.

5) Use a headline that flags your reader down based on who they are or what their interests are

6) Identify with their problem or need, for example “being a caretaker is emotionally draining. It is almost a 24/7—”.

7) Hint at a solution, for example “now there is an easy way to—”.

8) Explain how you are going to solve their problem, for example, “at ABC we have —”.

9) Show them proof by giving specific results, when mentioning testimonials and mentioning a guarantee.

10) Articulate your point of difference or what sets you apart from your competitors. Shout it out from the rooftops, for example, “multicultural based—-” .

11) Offer free information like a catalogue. Describe the free information and why it is useful.

Read more: http://bizcovering.com/marketing-and-advertising/20-ways-to-successfully-advertise-your-products-or-services/#ixzz1QQ3jkDgo

Simple Steps to personal success

“This book of the Law shall not depart form your mouth, but you shall mediate in it day and night, that you may observe to do according to all that is written in it. For then you will make your way prosperous, and then you will have good success” Joshua 1: 8.

Many people in the world are miserable looking for something that seems elusive to them. They want success which is defined by external things like material wealth, power, or a big title. Yet there are others who have all the things that some define as success but have discovered that they are still not happy even though what they wanted is now theirs. So what is the problem?

The secret of getting what you what and wanting what you have is first learning how to be happy, loving, confident and peaceful regardless of your outer conditioning. Personal success comes from within and is achieved when you are able not only to be yourself but also to love yourself. It is feeling confident, happy and powerful in the process of doing what you want to do.

If you are already happy and you know that you are not dependent on more money to be happy, greater wealth can make you happier but is not the condition for your happiness. The more you think that money is capable of making you happy the more you give away your power to be happy without it. In his book “How to get what you want and want what you have”, John Gray suggests the following four steps in achieving personal success.

Step one: Set your intention- Recognize where you are now and clearly see where you need to go to achieve the right balance of inner and outer success for you. In other words “be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God” Romans 12:2. Ask God for the direction of your life.

Read more: http://www.bukisa.com/articles/278933_simple-steps-to-personal-success#ixzz0xeQA4b16

Timing the Seasons of Your Life

“To everything there is a season, A time for every purpose under heaven” Ecclesiastes 3:1.

Most of the time opportunities come our way but we waste them because we have not prepared ourselves to utilize them. We worry about things we want to do but cannot instead of doing things we can do. We forget that success is not a destination but a way of travelling.
 
To ensure that you get the desires of your life, you must understand that everything happens in seasons and you must understand the seasons of your life and use them wisely. In his book “Timing is everything” Denis Waitely suggests certain principles that are important in timing your life.

Principles to consider in timing your Life:

1) View your success from the long view of time- Success is the collection of your memories; the employment and enjoyment of your present moments and the anticipation of the coming season.

2) View your failures from the short view of time- Failure is delay, not defeat. Choose to use your failure as the fertilizer of your success. In other words, use you errors and mistakes as a way to learn and then dismiss those errors and mistakes form your mind. The meaning of any failure or any success depends on how we take it and what we make of it.

Read more: http://socyberty.com/advice/timing-the-seasons-of-your-life/#ixzz0wircLUUZ

The Importance of Setting Goals for your life

“The purposes of a man’s heart are deep waters, but a man of understanding draws them out” – Proverbs 20:5.

If you want to be successful in life, start by setting goals for yourself. Goals help you focus on what is important instead of reacting to whatever is thrown into your path. Goals provide clarity about what you want and determine the direction of your decision rather than leaving things to happen inadvertently. Setting your goals helps you think about them and talk about them to others and in the process attract the right people, ideas and circumstances into your life to make your goals come into fruition.

How then do you go about setting your goals?

Establish what your mission in life is and make this your main purpose or major goal in life. Your mission in life must be compatible with your true self. This will entail you identifying your strengths and weaknesses. Richard N Bolles said, God has already revealed His will to us concerning our vocation and mission by causing it to be” written in our members”. We are to begin deciphering our unique mission by studying our talents and skills and particularly which ones (or one) we most rejoice to use.

Read more: http://socyberty.com/advice/the-importance-of-setting-goals-for-your-life/#ixzz0wipDv7lp