Wednesday, March 6, 2013
Friday, March 1, 2013
Wednesday, February 27, 2013
Sunday, June 26, 2011
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
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
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
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
Fun and Simple Ways to make money On Line
I have read of many ways and been introduced to many sites that offer insight on how to make money online. One of the ways that I have found easy and sometimes productive to earning money online is by answering surveys.
If you get good companies that constantly send you surveys and also pay, this can end up being a good way to substitute your income. The companies I mention here are professional and most of them will pay cash through paypal or by check after accumulating a certain amount of points.
Those that do not pay cash offer gift cards of various products or retail stores. For others, you can accumulate traveling mileage or get discounts in hotels or car rentals. Apart form the payment incentive, some surveys may also involve you receiving products like perfume, toothpaste, bathroom tissues, food products, among such to test and still get points for the your response.
Great Sites for taking surveys that pay
1) Synovate Global Opinion Panels
This is a world class marketing research firm that I have found to be consistent. With Synovate you earn points according the concluded surveys sent to you. The beauty of this company is that if you do not qualify for the survey you still get token points of about 100 for your time. Most surveys earn you about 300 points each and there are some that may actually earn you 1000 points. The minimum points required to redeem for cash is 5000 points which earns you $5 while 10,000 points earns you $10 and so on and so forth. The only downsize (at least for me) is that there are not as many surveys received. You can find more information about the company at
https://www.globalopinionpanels.com
2) e-Rewards Opinion Panel
This is one of those survey company’s where membership is by invitation only. Once a member, the company sends you surveys by email and if you qualify you get the full amount indicated and if not a little token for answering the qualification questions. The only downsize of this company is that there is no opportunity to receive the cash. You can redeem your currency by getting air mileage through the various airlines affiliated with the company and percentage discount with retail stores among such. If you are looking for hard cash this is not the company for you. For more information go to https://www.e-rewards.com
3) MySurvey.com
This is a consumer survey panel that has been in existence since 2001. It is part of “Lightspeed Research, both owned by WPP, one of the world’s leading communications services groups”. Membership is free and voluntary. With mysurve, points earned can be redeemed by cash, paid through paypal or by check. You can also accumulate points to get one of the items offered in the site or gifts cards. The downsize of this company is that the points awarded are very little. Most are 5 points but if you qualify for something more you may get between 30 -150 points. The minimum amount required to redeem for cash is 1100 points which is $10 payable by pay pal or check. You can get more information about the panel site at http://www.mysurvey.com
Read more: http://webupon.com/web-talk/fun-and-simple-ways-to-make-some-money-on-line/#ixzz1QPz9FrBb
If you get good companies that constantly send you surveys and also pay, this can end up being a good way to substitute your income. The companies I mention here are professional and most of them will pay cash through paypal or by check after accumulating a certain amount of points.
Those that do not pay cash offer gift cards of various products or retail stores. For others, you can accumulate traveling mileage or get discounts in hotels or car rentals. Apart form the payment incentive, some surveys may also involve you receiving products like perfume, toothpaste, bathroom tissues, food products, among such to test and still get points for the your response.
Great Sites for taking surveys that pay
1) Synovate Global Opinion Panels
This is a world class marketing research firm that I have found to be consistent. With Synovate you earn points according the concluded surveys sent to you. The beauty of this company is that if you do not qualify for the survey you still get token points of about 100 for your time. Most surveys earn you about 300 points each and there are some that may actually earn you 1000 points. The minimum points required to redeem for cash is 5000 points which earns you $5 while 10,000 points earns you $10 and so on and so forth. The only downsize (at least for me) is that there are not as many surveys received. You can find more information about the company at
https://www.globalopinionpanels.com
2) e-Rewards Opinion Panel
This is one of those survey company’s where membership is by invitation only. Once a member, the company sends you surveys by email and if you qualify you get the full amount indicated and if not a little token for answering the qualification questions. The only downsize of this company is that there is no opportunity to receive the cash. You can redeem your currency by getting air mileage through the various airlines affiliated with the company and percentage discount with retail stores among such. If you are looking for hard cash this is not the company for you. For more information go to https://www.e-rewards.com
3) MySurvey.com
This is a consumer survey panel that has been in existence since 2001. It is part of “Lightspeed Research, both owned by WPP, one of the world’s leading communications services groups”. Membership is free and voluntary. With mysurve, points earned can be redeemed by cash, paid through paypal or by check. You can also accumulate points to get one of the items offered in the site or gifts cards. The downsize of this company is that the points awarded are very little. Most are 5 points but if you qualify for something more you may get between 30 -150 points. The minimum amount required to redeem for cash is 1100 points which is $10 payable by pay pal or check. You can get more information about the panel site at http://www.mysurvey.com
Read more: http://webupon.com/web-talk/fun-and-simple-ways-to-make-some-money-on-line/#ixzz1QPz9FrBb
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