No Picture
Financial News

Internet Business Ideas

Technology has made the world a global village where people can now do virtually everything just by the click of a mouse – from shopping, to making online bookings to even conducting businesses online. Indeed, life could not be easier. There are many internet business ideas that are viable and which you can easily realize through the internet. Internet business ideas are the easiest way of making money at the comfort of your home.
Before you can pick on a particular internet business idea, it is important that you carry out a thorough research. This is because, although there are numerous ideas that can appear viable not all may materialize into a good business deal.
Starting an online business always proves to be a challenge to many people. This is due to the fact that nobody is sure of exactly what they want to do and whether what they want to do will actually pay off. As you decide on a particular internet business idea, consider your interests. Be sure to pick on a field that interests you as this will enable you run the business in a more smooth way as you will find yourself enjoying.
If you are not sure about what is the best internet business idea to pick on, there are a couple of sites on the internet that can help you make a concrete decision. It is important that you take your time before you can settle on a particular idea as hasty decisions may see you make a wrong move.
Once you have searched over the internet and you have settled on a particular business idea, the next step which is one of the most crucial steps is making the world aware of the existence of your business. This you will do by promoting the products and services your online business offers. Should you decide to just sit back and wait for clients? You will be doing yourself a great disservice as people cannot look for that which they are not aware of its existence. There are many ways to go about promoting your business and you will find the internet very useful in giving you tips on how to go about promoting your business successfully.
One of the most common ways you can make a handsome income online is through blogging. Unlike in the past, blogging has become one of the leading online income generating business especially for stay at home mothers. Blogging brings income through review of products or when your write about specific ideas and topics. You will also get some income from the advertisers who advertise on your blog.
eBay is yet another perfect idea that you can use to make great income via the internet. This involves selling items on eBay. Quite a number of people now buy items from thrift stores and yard sales which they then later sell on eBay. Items like antiques, clothes that are branded and crafts are the best items to take on an auction site.…

No Picture
Business Week

Small Home Business Ideas To Make Money Online

With the increase in the Internet and a global economy more and more people are looking to make money online. Since other employment avenues are becoming scarce and this is the only part of the economy that is growing – it has become a viable option to replace your job.
In this article we will share with you some tips on how to start you own small home business to make money online.
1. Think different but be the same
In the real world you would be looking to differentiate your product from other competitors. This is true for the Internet as well, and you will need to come up with a point of difference to make money online. However, offline businesses make money when they sell necessities, on the Internet you don’t necessarily need to focus on necessities to get results. In fact products that don’t do so well in the real world, end up making millions on the Internet.
This means to look at your products from a very detailed and deep point of view. For e.g. if you are looking to sell a physical product think in these lines organic pet food, or hamster cages etc. These products would probably not be very profitable as a local business. The Internet creates this a global business and allows you to serve every community that is looking to buy organic pet food.
2. A thousand words are better than a picture
This is one that most people get wrong. We think that a picture is better than a thousand words. On the internet search engines look for content ‘words’ – so it is better for your website to have a thousand words than have one picture there. Remember, content is king.
The more content you are able to create and distribute the better the chances. Think of this like going to a well. The more water it contains the more the people from the town will want to go to it. Or a more modern example – a video rental store, the more movies it has on catalog, the more people it will cater. So the more content you website has the more people will come to your website.
3. Make friends with your customers.
If you go to your local stores, to buy clothes or groceries the chances are that you will probably not know the owner, especially if you live in a city.
However, if the owner came unto you and introduced himself to you and directly offered his services to you, you would be thoroughly impressed with the customer service.
Think of doing online business as the same, you meet your customers every day – become friends with them and take care of them. The more you do this the more they will want to come back to you. And the easier it will be for you to make money online from you small home business ideas.…

No Picture
Business Plan

Common Cents When Financing Your Small Business

“The Best Advice is always free”

Starting a small business requires bucket loads of wisdom. Financial wisdom offered through various media is not always inherently beneficial to the reader and their business.

The foundations for financial excellence are elementary and logical; here is a new perspective on financial insight to starting your small business. Making use of purely scenario planning this illustrated scenario would be a recommendation for all businesses that you intend financing.

The average cost of setting up a franchise and small business in U.S.A. is currently in the $300,000.00 to $ 474 000.00 marks, a sizeable sum taking into consideration the prevailing economic climate and business confidence levels.

Loans or Finance

In order to stimulate the economy, banks are eager to finance new business as this has a long-term stimulus on the economy and contributes to job and wealth creation.

Most individuals do not have the entire capital amount available to finance their new venture and financing becomes the preferred and logical route to market.

Taking into consideration the average price of a new franchise $474 000.00, the average cash portion of financing that particular business would be $ 153 000.00 which includes the initial, cash joining or franchise fee.

This would equate to a financing portion of $321 000.00 or 68% of the initial set-up cost of the business.

From a personal and statistical point of view, the gearing or debt ratio is too high and the minimum recommended debt ratio should never exceed 50%.

Why is gearing so important?

It is nerve-wracking and soul-destroying to build a business for you only to allocate the major share of your income and profits to servicing a loan and the commensurate interest payments. The strain on the cash flow and reserve funds is too great, and the business rapidly becomes a financial risk to the entrepreneur and the banks concerned.

“The Free Advice”

Total Cost

When using the above figures as our reference and benchmark, if the inclusive cost of the business is $474 000.00.

It would be prudent to assume that if shares were offered at $1.00 per share then the business would have 474 000 shares on offer.

Share Distribution

Taking my advice of a 50% gearing or financing ratio, the business when financed by the entrepreneur would allocate to the entrepreneur, 50%(237 000 shares) of the shares currently on offer (The portion he/she has paid cash for)

The remaining 50% of shares on offer would be the right and technical ownership of the banks or financing institution.

The Thinking Motivating This Strategy

As the entrepreneur pays off the loan, their ownership or share-holding increases exponentially.

Goals are easy to set, time and financing permitting the entrepreneur sees his/her goal of 100% ownership as achievable and desirable.

When the bank is essentially a partner in your business the relationship changes, the entrepreneur can take the banks perspective into consideration as they are a valuable share-holder, the logic of having a “you” and “me” approach becomes a “we” approach to the business.

Any extra funds available will inherently go toward servicing the loan on the business.

The Ultimate Lesson

That our thinking and approach has changed, it is a recommendation that one ignore financing by financial institutions and approach friends, acquaintances, and family to finance your business using this share-holding approach. The entrepreneur develops a fiscal policy that is easy to equate and calculate, profit distribution is just as equitable, and the entrepreneur has a clearer indication of the status of the business free of financing and interest costs and charges.…

No Picture
Business Line

Drop Shipping – It Can Help Your Business

Using drop shipping in your business can be the perfect solution. The sad reality about this ever-growing business is that the number of individuals trying to make a go of it and failing is staggering. About 90% of new drop shipping businesses fail and successes are few and far between.
This isn’t because there’s a lack of follow through and diligence, this may not even be due to a poor business plan, but the competitiveness of this industry is just too much for some to take. The idea, the planning, the desire to work hard are all there; the problem is that the drop ship companies are hard to sift through. The companies that have failed are simply unable to locate the legitimate suppliers of great niche items that will generate sales with high profit margins.
There are directories of legitimate drop shippers available if you seek them out. Legitimate drop shippers will typically have a “fan base” of satisfied affiliates who probably talk about them on blogs or in forums. The drop shipper is the key to you business after all.
If you find a strong, reliable shipping partner, you can easily survive in this competitive online world. There are thousands of drop shippers with millions of great products on offer. Sometimes it helps just to know what niche market you’re aiming to fill. You really need only one good drop shipper to make your business work.
One of the biggest and hardest issues that new retailers face is the warehousing of products. Using you would need a storage space which can remove a few dollars from an already tight budget. But, storing is not the only issue. Maintaining stock and developing inventories are also hard to do. When you use a drop shipper you can say goodbye to all of these problems and concentrate on the part of the business that will bring in your cash flow; marketing and sales.
You don’t even have to worry about doing the research on the products you are going to retail; a good drop ship supplier will have the information readily available in catalogue form. And what’s more, you can usually download a database file to populate your database for your website. You can use the information to develop any kind of marketing plan you wish.
When you’ve found a great way to market the products and start getting some orders and cash flow, all you have to do is have the drop ship company fill the orders and ship them to your customers. All of the packaging, tracking and delivery are handled by the supplier company.
A drop ship company performs many of the tasks that a retailer had to contend with on their own in the past. Now the hard work and heavy lifting is done for you and all you need to do is find the most effective marketing strategies to earn your profits. This will also allow you plenty of time to expand your business, maybe branch off into different niches to get a good all-around business going.…

No Picture
Business Insider

Sales Business Plan Outline

When you’re compiling your sales business plan, what should it include? Here is a very simple sales business plan outline.
Mission Statement and Goals: It is critical to clearly define the purpose of your company, create the vision, and state the broad goals you expect to achieve. These will serve as the benchmark for all of the company’s commercial activity.
Market Analysis: Define your target market. Describe the market your product or service is aimed towards and what type of customers your product/service suits. What is the demographic i.e. location, gender, age and race? Is there market growth potential for your product or is the market already saturated? What is unique about your product or service that will allow you to create your market share?
Marketing Strategy: What is your company’s marketing plan? Define how will you reach out to your existing customers and attract new ones. Include details of market research, advertising, SEO etc., basically anything and everything that you will be doing to promote your business both now and in the future.
Resources: Discuss your operational plan in terms of both personnel and financial resources. Outline the duties and responsibilities of your marketing team and how they will be organizationally structured. Define how your financial resources will be utilized to support and implement your marketing strategy.
Sales Strategy: You need to write in detail about your (i) strategic and tactical approach, (ii) existing and future customers, and (iii) prospect analysis.
Time line: Develop a time line for achieving intermediate goals. These goals should be the stepping stones for accomplishing the broader goals stated in the mission statement section.
Training and qualifications: What qualifications do your personnel need to possess to successfully fulfill the stated goals? Do they already have these qualifications or will they require training? How will this training be implemented and to whom?
Financial: Include the company’s current financial picture showing both its assets and liabilities. Detail the earnings potential of the plan when implemented, and show the expected revenues as each of the intermediate goals are reached. Explain the financial resources needed to carry out the above plan and describe how the company will obtain these resources if it doesn’t already have them in hand.
The sales business plan outlined above is just a brief guide and, naturally, the actual business plan will be complex and detailed and individually tailored to your own particular business.…

No Picture
Business News

Using an Internet Business Plan Template Effectively

Using an internet business plan template has shown to be an effectively way to get your online business up and running. There are a number of benefits that can be gained by building your own business off of someone else’s success. The key is to understand the best way to utilize your template. Templates are only as useful as you allow them to be. They are just like any other tool. If you don’t know how to use them, then they are not going to help you get the job done. Here are a few tips to ensure that you are using an internet business plan template as effectively as possible.
The first thing that you need to do when using an internet business plan template is to make sure that the template is something that you want to follow. A lot of people will choose their template because they like the results that it could help them achieve. Unfortunately, the steps included in the template may not be something that interests them. This scenario will almost always result in failure, not because of the template, but rather because it isn’t implemented correctly. If you don’t want to buy a bunch of online advertising, then you are not going to effectively use a template that is reliant on PPC advertising. When choosing your template, make sure that you are paying attention to the specific strategies and not the end results.
Another thing to consider when using an internet business plan template is flexibility. The internet is an ever-changing beast and your plan of action will need to change with it. If you choose to follow a template that allows for minimal flexibility then at some point, you will have to choose a different one. The key is choosing templates that already have options built into it. For example, if are using a template to build a mailing list then the key components are getting opt ins and sending emails. The key to getting people on your list is generating traffic to your opt in page. This provides you with a lot of flexibility because there are a hundreds of different ways to generate traffic. If a certain traffic method starts to fail, then you can simply use another one.
One of the biggest barriers to using an internet business plan template effectively is not understanding how it was created. Quality templates tend to have a history of testing behind them. During this process a lot of data is gathered and analyzed. From there, the best course of action is chosen and put into a template. If you don’t understand why a certain step is being taken within a template then it becomes much more difficult for you to deviate from it while still achieving success. Even if you don’t gather the data yourself, it is important to at least have a solid understanding the concepts behind the template. This will allow you to modify it to fit your specific goals while still using an internet businesses plan template as effectively as possible.…