Profit | MIMIMISES

A Business Plan Gives You Four Big Advantages

October 13, 2021 Comments Off

A business plan is not just for large corporate organsiations. It’s essential whatever your business size or stage of growth. Whether you’re starting out, with just the seed of an idea, or have been in business a number of years, a well-crafted plan will capture your vision and purpose, products and services, revenue targets, support required and actions to make it a reality.
As Mark Spillman, of cosmetics company Bare Escentuals says…
‘We’ve experienced significant growth over the last 4 years. From a small company we’ve now become a leading company in the UK premium cosmetics industry. This growth has, of course, been achieved with great people and great products but essentially it’s been achieved with well-crafted co-ordinated business plans that include all aspects of our business, from operations through to customer service.”
It really is a blue print for success and like a vision board you can bring it to life with pictures, quotes and inspiring goals… so that it becomes your own personal and practical guide to making your dreams a reality.
Here are just 4 big advantages to having a written business vision and plan…
Benefit # 1. It provides you with a bigger WHY. It’s easy to become exhausted with the day to day busy work of running a business and there probably will be times when you wonder ‘is it worth it?’ By having your purpose, vision and plan to hand you can reconnect with the real reason why you are in business.
Benefit # 2. A business plan maps out a clear route for where you’re heading which you can refer to, review and adjust as you progress. Think of it as an important destination that you’re setting out on. Like most holidays or trips, for example, you would work out in advance where you are going, how long it will take to get there and how much it would cost. Having this information will get you to where you want to get to faster than trying to figure it out along the way. Then once you set out you can make changes and course corrections when circumstances change or obstacles appear.
Benefit # 3. It acts as a benchmark against which you can assess what’s working and not working in your business before you run into problems. If you’re not meeting your revenue targets, or a particular product or service has not taken off, by referring back to your plan you can review your pricing, marketing and product mix to work out the changes you can make to get you back on track financially.
Benefit # 4. Your plan provides the template for you to work out different strategiesto adopt to move your business forward. One strategy may be to grow your client database or list, so that you can raise your profile and visibility, or you may want to focus on retaining existing clients by introducing new products or services and increasing the level and quality of service provided. Concentrating your efforts in this way will speed up your results.
Much has been written about the law of attraction and the power of positive thinking to manifest your dreams but your visioning needs to be backed up with planning and action to make it actually happen.
By investing a small amount of time upfront in preparing your Business Plan you’ll be amazed, like Mark Spillman, at how quickly your business can take off!…

Home Business Ideas – 4 Blogging Tips to Increase Traffic

August 17, 2021 Comments Off

Blogging is probably one of the best ways to get fresh new content to your website. Search engines look mainly for content. It doesn’t matter how beautiful your website is because when bots crawl your website, they look for keywords and content.
Successful internet marketers blog frequently to get more traffic and thus visitors compared to those who don’t. I’m not saying that blogging is the only thing required to get traffic. But if you are reluctant to spend big bucks on getting traffic, this is one great way to get free traffic to your website. So before you start blogging, I have 4 blogging tips I would like to share with you.
1. Rewrite Existing Articles
You might have hundreds of articles or just 25 on your blog. Sometimes you might run into the problem of not knowing what to write. When you encounter this “writer’s block”, search for inspiration elsewhere. For example, rewriting your previous articles is one way to do it. Doing this can also help give you fresh articles to post onto article directories. Bear in mind there are some article directories which has strict quality control, so you need to ensure you article still remains unique and doesn’t look as if its written by someone else.
2. Research Your Keywords.
Before you start posting anything, take your time to research on keywords. Yes it is tedious but its definitely worth the effort. If you are in the acne niche, don’t write unspecific titles like “Getting Rid of Acne”. Go to Google Keywords and search for Acne or Acne Prevention and see which keywords has high traffic. Do not go for keywords that have too much competition. I say go for those that has an average of 10,000 to 50,000 searches a month. If you go beyond that, it would be very difficult to get into the first few pages of search engines. So again to quote the above example, it is better to write something like “5 Steps To Reduce Acne Naturally”.
This applies to any niche and not just the acne niche.
Once you’ve chosen the right keyword. Try using it in your body(content) also. Do not repeat the main keyword too often. Try varying it and use them across your article. Search engines give more weight to your Title and the first few paragraphs of your article. Less emphasis is given to what’s at the bottom of your article.
3. Post it on Social Bookmarking Websites.
If you’ve heard of Onlywire or SocialBookmarker, use their services to instantly get your blog or articles on them. You will need to register to all the social bookmarking website but it is definitely worth the effort and your time. Do this consistently and you will see more traffic to your website and more backlinks. Most social bookmarking websites have very high traffic and good PR rankings.
4. Use Videos/YouTube
Videos have a much higher chance of getting good ranks then articles or content. You can supplement your blog with videos. You might notice that when you are searching for something like weight lost. You will find some videos on dieting and losing weight in the 1st page of Google. Again, do keyword research for your video title and make a good video. You don’t necessarily have to use YouTube. Other high traffic video websites include Metacafe, , or even Google Video.
You can also out links back to your blog or use these videos to pre-empt your blog post. Add links or call to action on your videos to direct your viewers to your website.
My Final Words
As you can see it does not have to take a lot of time to do a quality blog post. You don’t even have to do them every day. If you are willing to spend 30 minutes or so three times a week it can really pay off for you in terms of new traffic and repeat traffic to your Internet business.
To Your Success,
Bryan Wong YH…

Great New Small Business Ideas for Enterprising People

June 26, 2021 Comments Off

Many small business owners who have succeeded attest to this. Without the right skill sets or knowledge in running a business, it is bound to be short-lived. Knowledge about the market is also important since you’d want to offer something of value to customers, or which can satisfy their needs.
Having a pulse of the market is also important because it avoids duplication and spurs innovation. New small business ideas that can target a specific market – like online and offline Internet marketing information and training products – are also bound to attract market share and flourish. The key is to offer product quality and consistency.
When considering to start a small business, then, check if you have sufficient capital, the set of skills to start and sustain it, hired hands (or technological tools) that can assist you in the start-up venture, and most important of all, the passion and sound business plan to carry it through.
It’s easy to be enticed to open a small business, but capital alone won’t guarantee success. Brushing up on your management and marketing skills can be very helpful. Whether you’re teaming up with a business-savvy organization or striking it on your own, you need to enhance your own skills to contribute to propping up the business venture. For example, if you’re offering online Internet marketing information and training products, you need to know the technical specifications of each product, available options in the market, and how your own products measure up.
Don’t start a new business venture on a whim. You need to assess if people have a need for a certain product or service you’re thinking of offering, and how you can improve it. For example, there are lots of suppliers of online and offline marketing training and information products these days, including personalized ones. You can provide added feature to stand out and attract buyers to your products by offering complementary support and assistance which are often the main reason why prospects would ultimately decide to buy from you.
Having a clear idea of what you want to offer rather than just duplicating what is already in the market, plus an industry overview can lead to small business success. Passion and management skill are both important. Just because you love eating does not qualify you to run a food business. Indeed, there are countless new small business ideas that may appeal to you, and you can ultimately find which one’s the best for you by doing a web search, but why waste so much time and take unnecessary risks when you can easily touch base with an already successful online organization and get most of the ground work already done for you.…

Execute Your Best Small Business Ideas

May 6, 2021 Comments Off

Making money online is very easy yet some people find it very hard. There are many ways to make money online e.g affiliate marketing, information marketing, domain marketing, Google AdSense etc. But article marketing is another money generating system. Online article marketing is a lucrative way to make money online and people are yet to understand the business.
Getting one way links to your website from relevant sites will make you more popular with the search engines. Writing articles, posting in relevant forums and getting listings in website directories can all increase the amount of links to your site.
Of course, viability alone will not yield immediate success with any small business ideas. Solid business plans, marketing strategies, capitalization, and time investments all play a vital role in turning those ideas into successful, realized businesses. However, all the planning, marketing, money, and labor in the world can not make ideas that aren’t viable successful. Keep that fact in mind when you brainstorm your small business ideas!
A goal is essential when you want to reach your destination. To be effective your goal must be specific. Your final goal will be reached via many smaller achievements. Your goal is a destination, and you can’t get there without knowing where it is.
We don’t want to learn how to do something anymore, we just want to be able to do it. We don’t want to just make decent money, we want the jackpot. We want to master money and success. And we want it now.
There are all kinds of ways to make money online. Unfortunately, some of these involve rather dodgy websites that ask for your money before you have any chance of earning anything. Like virtually every area of our lives, the internet is full of scams that you need to be aware of.
It’s very simple really. You write an article and submit that article to free online article directories. It’s easy to do, doesn’t take all that long, and can increase the amount of traffic to your website.
What happened in 2007? People found out that article marketing does work, and now, the competition is really fierce.
Many people have found that when you factor in the financial and the human elements that they need to make money but their family life would be better if they could stay at home. That is where work at home businesses come into such great favor. They are a hybrid, a wonderful compromise between having a job or just staying at home. Even if you don’t have kids, the ability to make as much as you currently do at a job or more but staying in the comforts of your home is your personal piece of heaven.…

Things to Include in Making an International Business Plan

February 20, 2021 Comments Off

Starting your own business is never easy. If you are planning to start a business that entails international setting such as having it through the internet, then a good international business plan should be involved. If you want to expand your business, then you must exert more effort too.
To have a good international business plan, you need to do the following:
1. Make a feasibility study and start with the nature and scope of the business. You have to include a particular country that will be part of your target market. Study all the requirements needed and study how to get your return of investment faster.
2. Create your business description with the history included. In the history, you have to place the founders, milestones achieved by your business from local settings including all your products, process, technologies and services.
3. Obtain all the requirements needed for your license and all permits to pursue your international business.
4. Create a detailed description of your products to provide information to your clients.
5. Conduct a thorough research on all your possible expenses regarding your overhead cost which includes all your marketing expenses.
6. Study your current market in regards to volume of products purchased, geographical location, social changes that would affect your business.
7. Make a price strategy for all your products. If possible, include promotions and bonuses in your calculations.
8. Include the foreign Market and its Environment in your study plan. You need to be familiarized with it and should know the proper procedure for it.
Making an international business plan is not that easy as you think it is. You have to make sure that you are ready to take another step higher and should be equipped with all the information in regards to legalities. Use this as your guide in making your own plan, and then have your way towards success.…

The Commercial Value of Celebrity Scoops

January 13, 2021 Comments Off

When the late Michael Jackson was in the last stages of his deterioration we could rely on the TMZ website to give us the latest outrages to befall the singer. When the final scoop came, I was flabbergasted by the accuracy with which they were able to pinpoint the great events in the lives of celebrities. I then decide to visit their website and found that indeed they were one of the best celebrity scoop websites on the market at the moment. That got me thinking about a possibility for savvy entrepreneurs to make money in this way. If one could help with the administration of such a website then they would be in a very good financial situation.
The market for celebrity gossip is almost endless. Everyone wants to know what is up with Tom Cruise and his family. We watch with wicked delight as Lindsay Lohan goes on the road to jail. Paris Hilton has made it her mission to discuss the most intimate parts of her life in the public domain. Victoria and David Beckham have built a brand of celebrity reputation rather than reality. How much money could be made from such scoops? Well the answer is that it is an absolute struggle.
First of all you need to be prepared to be sued. These celebrities have all the cards and the money to sue you into oblivion. They will not hesitate to go after you if they believe that you are destroying their reputation. In fact they could effectively frustrate you into submission with all their queries on the work that you are doing. Therefore the ordinary entrepreneur will find it incredibly difficult to make it in such a context. They simply do not have the financial backing and legal buffers to withstand the inevitable onslaught from the celebrities.
You then have those websites that end up genuinely getting it wrong but then at the end of the day they pay the price by losing their reputation forever. I would advise people to think carefully before they join the celebrity scoop bandwagon. It looks and sounds attractive but when you open the package, there are plenty of horrors that you will need to be wary of. Moreover it is not really nice to make a living from making other people’s lives miserable. Some of these celebrities are so emotionally fragile that a single piece of bad reporting will send them into a hissy fit.…

Business Start-Up: Pointers for Writing Business Plan

December 11, 2020 Comments Off

Business Start-Up: Plan your business successfully.
Are you planning to start your own business? What does it takes to have a successful business? Lots of money, experienced business partners or just plain guts!! You’ll be surprised; you just need a good business plan. But what constitute a good business plan? There isn’t any specific rule on good business plan, but here are some precautions that you may consider to avoid failures.
1. Set Company Values through Vision statements. First, you had to have vision for your company. The vision will help you to set-up some values that you want your staff to abide as the company. These values will differentiate you from your competitors. Looking forward, it enhances the growth that will make you proud, someday. Develop a mission statement that will help achieve immediate or minor goals/priorities.
2. Financial forecast and budgeting. Create your own financial forecast and budgeting. It is part of your business plan. Without them you’re planning for failure. But your plan should also covers competitor analysis, market conditions including knowing your industry & customers well. Only with those factors can you plan your budget and forecast well.
3. Serve your customers well. If you don’t serve your customers, others will. Sometimes, customers can be nasty. But if you explained and tried to get them understood, these difficult customers may become your loyal customers. They can also be your centre of influence once they become your friends and liked your service.
4. Always be aware and understand your competitor. You have to be updated of what’s going on in your industry. You can be a big player in your industry, but never be complacent. A newbie in the industry has all the ability to capture your market share without you realizing it.
5. Do take risk. Business is about opportunity and taking risk. However, you have to do some research and analysis to take calculated risk. Make a study on the possible challenges and its potential returns. Don’t just jump into the wagon recklessly. In this way, you minimize your losses.
6. Learn from the expert. You may like to get some feedbacks from an experienced business-owners pertaining to your plan that you wanted to carried out. Even the most experienced entrepreneur does that. The different views may help you to build up on your original ideas better.
7. Prepare for the unexpected. You may have drafted a wonderful business plan. Sometimes your plans still need some twinning due to unexpected events. This may result in amending your budget or forecast, or even abandoned the original plan at all. Therefore, your business plan has to be flexible in accommodating those circumstances.
8. Unique selling points. Your original plan may change with time and circumstances but your customers must be able to experience the difference when dealing with you. Develop a unique selling point to make your company stands out and beyond your competitors. Be it after sales service, follow-up system or whatever. Leave that last good impression with your customers.
9. Rewards and praise your staff. In order to keep your business running, you need a trustworthy, hard-working and dedicated staffs. Without them, your business may suffer. Therefore, you need to incorporate some form of reward system in your planning. This is to motivate your staff better and together, the company will reach greater heights.
10. Review your plan. No plan is wonderful unless you follow through. Identify your milestone. Whenever your sales volume or revenue reached several amount, you need to re-look into your business plan to see the possibility of expansions. Reviewing your business plan occasionally helps you to determine whether your existing process is effective or needs further improvement. Remember, it is your business plan that will turn your vision into reality.…