Many ecommerce business owners have a hard time understanding trends. An ecommerce business runs on the same cycles as a brick-and-mortar business. The dot com industry learned that ten years ago. They believed they could ride the wave forever, then everything crashed. This left many people wondering what happened. The fact is, nothing happened. The ecommerce business community worked like all markets do.Tracking a business's cycle...more
Gold has been a star performer in the portfolios of some of the wealthiest dynasties in the history of the world. Just a few of the prolific people who have used gold to build their incredible wealth include the DuPonts (who now own a massive chemical business), the Rothschilds (once upon a time the richest people in the world), the (JP) Morgans and Egypt's royal Farouk family. We could go on and on forever about more family empires...more
Part of owning a home business is providing customer service to your clients. There is a great deal of information that can be helpful when providing customer service. One issue that should be addressed is managing customer complaints for your home business. There is no way to keep everyone happy all of the time. When you market products and services, there is sure to be someone that is going to have a complaint. Complaints are fine for a home business as long as you manage them well and turn the experience into a good one.A customer may be in a bad mood and end up taking it out on you. No matter how belligerent, rude or nasty the customer may be to you, it is important to not take it personally. You have no idea what happened in that person's life that day or even week. Unfortunately, for whatever reason they may end up taking their anger and frustration with life out on you without even realizing it. Even if you know that they realize it, you still cannot take it personally. Taking customer complaints personally will create a volatile situation that you want to completely avoid. Remember that no matter what the complaint, it is not personal toward you...more
One can devote months and months mastering how to establish a dog walking business, registering the company, designing your own business cards, getting a business plan, and every one of these types of exercises, however when you are without customers you are still without a business! Undoubtedly the first item you need to really have...more
Anyone might kill a long time trying to learn about how to open your karate school business, registering the company, designing some business cards, getting a business plan, and all of these things, however when you are still hurting for clients you do not really have a company! Incontestably, the most essential thing you really ought...more
The two key ingredients of a successful business are a reasonable business idea and a thorough business plan, which will put the meat on the bones and turn your idea into something concrete and viable.A wonderful idea is a great start for anyone wanting to start up a company, but it's just the bare bones and needs to be fleshed out with a detailed and thorough business plan before you start the ball in motion to get the business off the ground. For a start, you'll need a business plan to make your sales pitch to potential lenders and investors, but you'll also need it to help you examine the idea in more detail to ascertain whether it will be viable. You need to understand the market and whether people will want to use your service or buy your product. This means doing some market research.Here are some helpful pointers to assist in your analysis:Your product or service should have a unique quality that makes it stand out above others.It has to be something that people want - i.e. there needs to be a demand for it.Your product or service is most likely to be successful if it plugs a gap in the existing market or if it is vastly better than anything else currently on...more
Have you seen Russ Dalbey on TV talking about the cash flow business and wondered,"Just what are cash flow notes?"They are private debt and provide a way for the average Joe to buy or sell property without financing from banks. As banks...more
Whilst a virtual office will not prove to be ideal for every business, a few years ago this type of office space proved to be a perfect choice for my company.I absolutely did not want to commit to a long lease whilst developing my...more
For many people across the country who wish to be their own bosses on a daily basis, the idea of the franchise business opportunity has proven to be very beneficial. A franchise business opportunity gives an entrepreneur a chance to...more
Business credit cards for businesses in general, and for small business in particular, have become increasingly popular as more and more businesses started realizing the benefits. It might be good to review the type of perks business...more
So you have a knack for creating wonderful, unique, creative gift baskets and everyone you know says you should start your own gift basket business, right? Well whether you do it for love, or to utilize special talents and skills,...more
For entrepreneurs, you get to a point where you will finally decide on what business to run in line with the green standards and requirements the world is carefully setting out today. But before a green business can fully operate and...more