Streamlining Your Business For Growth

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You’ve worked hard to get people to back and invest in your idea, you’ve grown your business, and now it’s up and running generating a steady stream of income. Now it’s time to maximize your profits by streamlining your business model. Below are three ways of saving some money in your running costs to help increase your profit margins.

Outsourcing

Outsourcing is by far the most popular way of trimming some of the fat in your budget, and there are many different ways of utilizing these services. The most usual departments of a business people outsource are HR and IT. Filling vacancies in your business is an incredibly important process to dedicate your energies to, mainly because every day that goes by with an unfilled vacancy is robbing your company of efficiency, growth, and money. By employing a recruitment agency, you not only get a top-rate service that will be able to fill your vacancies quickly, but they will have extensive networks and contacts to ensure that you are getting the best possible candidates in the market at that time. IT services fill a similar role in that they help you to avoid your company being slowed down by inefficient computer networks and viral attacks. Another outsourcing option not many people know about is your buying network. If you regularly source merchandise or parts from several different suppliers, it can be very time-consuming to negotiate and liaise with them all. Companies like leelinesourcing.com allow you to consolidate your buying process, meaning that you only have one company to deal with instead of ten. All this means that you have more time to put into growing your business and keeping your customers happy.

Online vs Brick-and-mortar

Many people cling to the notion of a brick-and-mortar business as it can seem more ‘real’ and add an air of credibility. Whilst that is all well and good, if the online section of your business is bringing in more than your store, it may be time to rethink your business model. There are a huge amount of overhead costs associated with a traditional brick-and-mortar business that could be needlessly eating into your profit margin. Every outgoing cost must be measured against the return on investment; if your store is costing more than it brings in, it’s time to do the right thing and pull the plug. Switching to an online-only model will dramatically reduce your spending and allow you to focus more on growing your global brand.

Reduce plastic and paper usage

The world is slowly shifting its priorities to become more eco-friendly, and the public is increasingly beginning to favor those providers who share their values. By making a conscious and public effort to reduce your carbon footprint by minimizing wastage, you will be building a positive reputation that you are a brand that cares and is worth investing in. Not only that, but reduced wastage also means reduced cost, which means increased profit. It’s a win, win scenario.

There you have it, three simple ways to streamline your business to help foster some continued growth. Running a company is like being a gardener; sometimes you have to trim back some of the plants to allow the garden as a whole to bloom.

Have You Considered Reselling As A Business Option?

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Entrepreneurs these days are making significant profits by setting up reseller businesses. A reseller is someone who purchases goods at a low price with the intention of reselling at a profit. Goods range from preloved items sourced from auctions and car boot sales to buying surplus stock from wholesalers.

Many people enter the world of reselling through selling unwanted items on ebay and other online auction sites. Once people realize that they can gain significant profit from their own items they begin to source items from different places to provide them with stock.

Develop your USP

It is possible to develop your own niche within reselling. Some reseller’s choose to concentrate on sourcing and selling retro games and consoles, as the whole retro gaming industry is currently very popular. Another popular niche market is vintage clothing. Certain era’s can fetch huge profit if you can manage to source your stock at a reasonable price. Whatever you choose to sell, It is best to sell what you’re interested in, you will then develop an “eye” for what will attract the highest profit margin.

Industry knowledge

If you have previous experience of working within different industries, you may be able to utilize your knowledge by sourcing second hand machinery, cars and commercial vehicles from auctions. Many auctioneers offer commercial truck resale at affordable prices, you could then resell at a profit. Previous knowledge would be advantageous as you would know what to look for in the commercial products and vehicles.

Your knowledge will help in the re selling process too, as you will be able to provide useful, inside information to your customers. Many new startup businesses will be looking to source equipment and vehicles at reasonable prices, so you have a ready made market. You will also have industry connections that you could utilize to your advantage in both sourcing the goods and reselling them.

Market trends

Be aware of market trends and “hot” products of the moment. Every Christmas there is a list of “must have” toys. If you can find out what these toys are likely to be and buy a large volume of them at the right time, you could be in profit. There will be times when you buy items that won’t sell, as long as you resell them at the same cost of buying them, there will be no losses. As in all businesses the larger profits made on certain items will counteract any small losses made.

Selling outlets.

Sales can be made in a number of ways and can be done entirely online by using auction sites such as ebay. Facebook is also a good selling outlet and if you are selling a niche product you can tailor who sees your items by joining sites dedicated to people interested in what you are selling.

Offline selling outlets could be newspapers adverts, Gumtree, market stalls or even shop premises. Recent years have seen a number of preloved clothing and toy stores appearing on the high street.

Everyone loves a bargain, so you have a captive audience. Just remember to do your maths carefully when working out profit margins. Ensure you take into account fees from selling, listing and distributing your products.

4 Smart Money Moves For Small Business Owners

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Starting up your own company means becoming somewhat of a de-facto expert on a lot of things, including business financing. With limited resources available to most start-ups, making the right moves with your funds can be critical to the success or failure of your business.  Finances fluctuate all the time, so it’s important for you to budget and save to cushion the blow of a bad run. Downturns, bad months and delayed payments from clients can sink an unprepared business. Understanding basics like how to do a financial projection, find funding and how to raise your credit score are musts.

Overestimate Operating Costs

If you’re in the arena of project work like a lot of small businesses, then you’ll already know that results and timescales can vary hugely from client to client, and the possibility of going over budget is huge. Often, small agencies are the ones who end up temporarily footing the bill while clients dispute and argue internally over unforeseen changes, and this can be a huge problem. So it’s always better to budget slightly above your anticipated costs to create a cushion, or building in a non-negotiable contingency budget on an estimate to make sure you’re not left exposed.

Understand Your Unique Risks

Having a clear-eyed and realistic snapshot of your company finances at all times is essential in order to be able to make decisions and plan for the future. So be ahead of the game when it comes to knowing about changes in regulation at a national level that could affect what you do. The SWOT analysis shouldn’t just exist inside your business plan – monitoring threats and opportunities should be a part of regular operating procedure. Exposure to varying seasonal demand for your products or services is also vital to know where you stand with emergency planning and what business insurance cover you need. Figure out exactly how liquid your cash flow is and aim to save a portion to cover unforeseen expenditure.

Large Purchases Should Be Pre-Planned

You’d be surprised how ad-hoc the approach of a lot of small outfits is when it comes to those occasional, big-ticket purchases every business needs to make – the software upgrade, or piece of critical equipment, or perhaps renovations to an office or shop. These decisions must be carefully timed and the risk balanced with reward before each move is made.Data is absolutely your friend here – you need to know up to the minute budget figures and a reasonably accurate projected income to be able to know if it’s the right time to make investments.

Time Is Money

Never is this truer than when you work for yourself and run a tight ship –  your time needs to be fully factored into any budget planning, especially if you invoice directly for your time. If you’re losing time on things, you are also losing income and creative focus. Make sure that you under-promise to over deliver. Add a little extra time onto a project estimation for a client – bring it in ‘early’ and you’ll get a reputation as someone who can deliver, which may very well lead to more opportunities. If the time runs over, you haven’t lost anything as you’re still ‘on time’ with the client and you won’t have to navigate any awkward conversations about additional time to bill for.

Soaring To Success: 7 Stages To Bump Up Your Online Business

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Whether you’re an entrepreneur who is boasting a successful company or you’re an industry ingénue in the early stages of your career, there are many ways in which online businesses can thrive in a competitive world. You need to stay on top of the hot topics out there and stay one step ahead of your competitors. From upping your eco-friendly angle to promoting your products perfectly there are a handful of things which you can do in order to improve your overall business. Get yourself into gear and prepare for a few stages which will see your business catapult from unassuming to unstoppable.

1. Online Overhaul

If your entire business is built around your online content you need to make sure it’s at the top of its game right? You may have sailed through the initial stages of setting up websites and online stores, but if you look closely at other companies you may see flaws in your online services. Consider a complete overhaul and get some advice from companies such as Magento Managed Support Services. Their experts can assist you in getting the most out of your online store and they will keep your site looking smooth and slick. Put your trust in the professionals and let them completely transform the way you work

2. Save Your Software

Don’t settle for anything less than the best when it comes to the software you’re using on a daily basis. Slow and out of date software can decrease productivity immensely, so make sure you’re keeping up to speed with the latest updates. Keep your eye out for super systems that can change the way you carry out your work. You may be missing out on important tricks which will grab your potential consumers’ attention, so stay on top of the technology you’re using.

3. Equality For Employees

Make sure you’re treating your employees in the best way possible. Keeping staff morale and motivation high is the key to a successful business. When you’re recruiting for new members of staff, make sure you open up applications to all and include diversity schemes to keep your company fair and ethical. Recognize outstanding employees’ efforts and ensure they get the rewards they deserve. Don’t turn a blind eye to any of your staff and make sure your workplace is a vibrant and inclusive environment for work.

4. Listen and Learn

Carry out regular stints of market research and listen to your valued consumers. Their feedback can provide you with the details you need in order to keep your business on top form. There may be demand for a new product or service that you weren’t aware of. Perhaps there are areas in which you could improve on in order to increase customer satisfaction. Listen to those who are most important to you and give the people what they want!

5. Evolve and Excel

Keep your online store and services up to date with unique content. Make sure your services are evolving and adapting to the surrounding markets, so that you’re keeping up with your competitors. Keep your ideas fresh and change up your innovations. Never settle for a finished product and keep your brain bubbling with those ingenious ideas.

6. Focus on Finances

Your finances should never be neglected as you could find yourself in hot water if you choose to overlook those. If your business is growing you might want to consider getting an accountant, who can advise you on your expenses and make sure your taxes are in order. Create a budgeting plan for the next year and be sure to stick within your plan. If you can lower your overheads or outgoing bills try and tackle this as soon as you can. Once you’re on top of your business finances you will be able to see how much you can invest in growing your business in order to reach a wider market.

7. Green and Glorious

Businesses are becoming more and more popular for their eco-friendly stances and environmentally friendly policies. Reduce your carbon footprint by running energy saving offices, which use efficient light bulbs and always turn of their electronic devices after use. Attempt to go paperless in your workspace too; you might just be glad of the desk decluttering. Try not to print meeting notes and emails whenever possible in order to reduce your use of paper and always encourage your staff to bring in their own coffee cups and reusable water bottles. Marketing your business and green will have way more positive effects than you think!

So get on board with these simple ideas in order to enhance the success of your business. Just a few simple changes to your day to day running will dramatically improve your income and overall job satisfaction.

Three Ways You Can Boost The January Pay Packet

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January, it’s always the same, isn’t it? People are struggling with what seems like a longer than usual wait for the paycheck to come in. You feel like you can’t do anything through fear of spending more after an over indulgent Christmas, you feel like your clothes are a little tighter because of a fun and tasty festive season, and well, January possibly isn’t everyone favorite month of the year. But, it doesn’t need to be this way. January can actually be a great opportunity to make some great changes to your life, not just by wholeheartedly embracing those new year’s resolutions, but also seeing it as a chance to wipe the slate clean and make some all-important decisions and changes that could affect the rest of the year. Now it all of a sudden sounds like the month of opportunity, doesn’t it? So I thought I would share with you three ways you can boost your january income, to help you feel just that little bit better about yourself. Who knows, these new habits could develop into a permanent part of your routine and help you throughout the rest of the year.

Look at your existing financial situation and make changes where possible

Your financial situation as it currently stands might actually be your problem and not the wait between paychecks, so now is the time to take on your bank statements and direct debits and truly work out what you can do to improve things. Often people have things leaving their account each month that they weren’t even aware of. Rogue gym membership, anyone? Understand what comes in and what goes out, and cancel what does not need to be leaving to instantly free up some cash. There are, of course, essential bills to pay, but you may be able to reduce some of those essentials like debt payments by considering debt relief programs or even taking matters into your own hands by consolidating debts such as credit cards into a simple loan repayment plan. Some of these actions alone could significantly bring your outgoings down, and help give your bank balance the boost it needs.

Declutter your home and sell any unwanted items

Whether it is just your bedroom or your whole home, I guarantee that there will be some things in your home that you no longer want or need, and this could be just stored in a cupboard somewhere or in storage. Don’t just keep things for the sake of it, why not sell them online on websites like eBay and make some money from your unwanted items? What you don’t need anymore doesn’t mean that someone else won’t find a use for it. Not only does it help you to start off the year decluttered and fresh, but you could boost your income in the process.

Make more use of your spare time

Finally, why not use your spare time more wisely and see it as a chance to make some extra money. Filling out online surveys and performing mystery shops can be a great little side hustle to earn some extra money and it can stop the boredom of January setting in for too long.

I hope that these three options give you some food for thought when it comes to boosting your income this month.

Don’t Let Road Accidents Ruin Your Life

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Your crash

Your first thoughts about a road accident might be “what happened to my car”, or “who will pay to repair my bike?”. A crash can cost the victims loads in costs when it comes to insurance, but there are medical costs too! There’s a lot more to the crash that the initial damage, there’s no telling how close each victim was to death; especially in the more severe accidents. Over one million people die every year due to crashes on the road, while much more are left with injuries that can disable them for the rest of their life. A car crash can affect you for the rest of your life, and that thought alone makes it all the more frightening, so what caused it?

In a lot of cases, road accidents are caused by people neglecting to follow driving laws, like giving full attention to the wheel. Drink driving, texting, tiredness. All of which are lethal when mixed with a vehicle, whether it injures the offender or an innocent victim; the outcome can still kill someone under the wrong circumstances. In cases like this, it’s easy to build up strong anger towards the offender, in which case you would most likely want to claim against them for compensation.

In most cases of car accidents claiming for compensation is necessary, as there are a lot of damages to repair and injuries to overcome; but the victims don’t always see it as the moral route. It can be hard to hold a grudge against someone who made an innocent mistake and meant to harm you; it’s likely that they’ll carry guilt with them for years.  

Who can help

There are many reasons why you might not want to represent yourself in court, it could be that you’re incapable, you don’t trust yourself, or maybe you’re incapacitated. Hiring a professional can help ensure that you get the compensation you deserve as a result of your accident, you just need to know where to look. The bounds of your accident don’t matter, as long as it was on the road and there’s evidence to support your claim. For example, look at this motorcycle accident lawyer to see how you might benefit from hiring these services. Having a professional at your side can help you gain a range of options and resources, meaning that you’re much more likely to succeed with them than you would alone, especially if you’re struggling with proof. Some accidents can even leave the victims feeling confused about everything. The lack of memory comes down to shock, and it’s a natural reaction to being in a dangerous situation.

The first concern you have after being in an accident should be your health, as the damage isn’t always visible from the outside. Many people suffer from a concussion after an accident, and it can end up being a long-term effect on the brain. It’s best to find out about any damages early on, as the quicker it’s found, the more likely you can do something about it.

10 Digital Marketing Acronyms Every Entrepreneur Should Know

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As an entrepreneur, you can be forgiven for wanting to manage every aspect of a new startup. Your new venture is your brainchild, after all, and you want to do what you can to see it grow and prosper. But sometimes, doing what you can means letting other people do things for you.

One of the areas where experience matters more than enthusiasm is digital marketing. There are many reasons why hiring a digital marketing expert is the right choice for your startup. The bottom line is that they’re better at it than you. Plus, you get to focus your attention on the areas where you can contribute the most.

When you hire a digital marketing expert, you’ll learn that they speak funny. The majority of important marketing notions, concepts, and activities are referred to using acronyms. Since the success of your start greatly depends on your ability to communicate effectively, here are some explanations of the most important acronyms in digital marketing.

1. SEO — Search Engine Optimization

Search engine optimization is a group of practices for improving your website’s visibility in search engine results. The activities that fall under SEO include choosing a good host, researching keywords, optimizing website performance, creating high-quality content, and link building. When done well, SEO will ensure your website had a healthy stream of organic traffic.

2. SEM — Search Engine Marketing

As opposed to SEO and organic traffic, search engine marketing is concerned with getting you paid traffic. Instead of using optimization practices to improve search engine visibility, in SEM you use paid ads that appear in search results. Google AdWords, Yahoo Search Ads, and Bing Ads are the most popular search engine marketing platforms.

3. PPC — Pay per Click

Pay per click is an advertising model where you pay a certain amount of money each time someone clicks on your advertisement. The cost per click has an acronym of its own, CPC. However, some people will use PPC and CPC interchangeably. Search engine marketing is a form of PPC advertising.

4. KPI — Key Performance Indicator

Key performance indicators weren’t invented for digital marketing. However, digital technologies provided marketers with the opportunity to gather an enormous amount of data. They use that data to derive indicators of the success of their online activities, or KPIs. You should also know that KPIs are useful as long as you know which ones to choose for which activities. Choosing the wrong KPIs can lead you astray.

5. CTA — Call to Action

Website visitors will sometimes need encouragement to perform certain actions. If you want them to order something, subscribe to your newsletter, or visit a certain page, you use calls-to-action or CTAs. A CTA is a combination of copy and visuals that tell the visitors what you want them to do. CTAs are usually buttons or links on a website. They use short, assertive copy, such as “Order Now!”. They are also made to stand out on the page and be easily visible.

6. B2C — Business-to-Consumer

Business-to-consumer and its relative business-to-business (B2C and B2B) refer to your customers. If your business sells products or services to consumers than it’s B2C. If it sells to other businesses, it’s B2B. In marketing, the activities you undertake are dependent on your customers. B2C and B2B marketing might use different channels, different types of content, and different tones.

7. CTR — Clickthrough Rate

The click through rate is a handy metric that describes the effectiveness of your marketing campaign. The CTR tells you the share of people who performed an action out of the total of people who had the opportunity to do so. For example, the click through rate for a landing page CTA is the number of people who clicked on the CTA divided by the number of people who visited the page.

8. UX — User Experience

User experience, or UX, is a term that describes the users’ experience when interacting with your digital assets. UX is important if you want your customers to be satisfied. To develop a good UX, you need to adopt the point of view of your customers, and then build your assets around what they would want. At the very least, make sure your assets are easy to navigate and display on mobile devices. That way, the UX you offer won’t be disastrous.

9. CRM — Customer Relationship Management

Customer relationship management is a term mostly used in the context of tools you can use to manage customer relationships. These tools allow you to track all sorts of things about the customers. The basic ones handle contact information. The advanced ones can track customer interactions, send personalized emails, and leverage geolocation to improve targeting.

10. CRO — Conversion Rate Optimization

Conversion rate optimization is a process of analysis and improvement of conversion rates. If you want to improve conversion rates of a landing page, for example, you can try using different calls-to-action for better results. Or, you can place the existing CTA at a different place. You can also optimize form length, the copy on the landing page, as well as the visuals. Plenty of things affect conversion rates, and most of them can be optimized for better performance.

 

Without The Internet, Your Business Is Doomed

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It’s pretty much impossible at this point to deny the fact that we’re living in the age of the internet. Pretty much every single person in the world has some kind of connection to the internet, and most of us carry it around in our pockets so that we have access to it twenty-four hours a day. Of course, it should come as no surprise that, because of this, modern businesses have come to rely on the internet in an incredibly significant way. Sure, you might think that your business could survive without the internet. Perhaps you’ve been able to survive until now, or maybe you think the kind of business that you’re running works without it, but that’s simply not true. The reality is that the internet is a central part of modern life which means that it’s a central part of every modern business. With that in mind, here are some ways that your business cannot survive without getting online.

Digital marketing

If you want your business to reach the biggest possible audience, then you need to embrace digital marketing. Whether it’s through social media, SEO, or any of the other hundreds of marketing methods available to you online, the internet can help you reach an audience that you might previously have only dreamed of. Not only can digital marketing reach both a wider audience and a newer generation than traditional methods, but it can also do so without costing nearly as much. Things like social media pages can reach international audiences without costing a single penny.

Innovation

The business world is always moving, now more than ever. The speed of the modern world is faster than it’s ever been before and there’s no way that you’re going to be able to keep up with those kinds of changes and developments without embracing the internet. If you don’t, you’re almost certainly going to find out about the latest innovations too late, and by that point, your competition will already have left you in the dust.

Increased efficiency

Efficiency and productivity are two of the most important parts of any business, and the internet really has done wonders for increasing those things. This is especially true for smaller startups who’s infrastructure might not be as well defined as larger companies. The internet can help you communicate more effectively with employees and customers, it can help you manage your accounts more quickly and easily, and it can make pretty much every other aspect of your business run far more smoothly than you might ever have been able to achieve. Sure, many of these things can be done offline, but the internet makes them so much more efficient that there really is no point doing things any other way.

Just because a certain working method has been fine until now doesn’t mean that it’s going to continue to work just as well into the future. You might not have embraced the internet until now, but it’s time to bit the bullet and embrace it if you don’t want your business to sink without a trace.

Entice People Into Your Business Without Leaving Your Home

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Whether you run your business from home, or you are just keen to carry your work over into your home life, you might be keen to know how you can possibly improve the standing of your business without leaving the home. We all know that marketing is an essential part of any business’ processes, but is it really possible to engage with your marketing in such a way as to make it truly worthwhile – all without leaving the home? As it happens, with the right approach and understanding of digital marketing, you might be surprised at just how much you can actually achieve. In this post, we are going to discuss that, as well as some ideas for what you can do to improve your digital marketing in the future.

Setting Up The Website

If we are to start with the basics here, the number one thing to consider is that you really do need to have a decent website set up. You want to be able to link people back to this site again and again, and to do that you need to make sure that it is a site you can be proud of,. In fact, we could go as far as to say that a decently constructed website makes the difference between successful digital marketing and marketing which is more likely to fail. As long as you get the website right, you know that you are generally going to be on the right track, so make sure you get this down first. But what does a good website consist of?

One of the main ingredients of a good website is that it is clear, bold and concise, and displays fairly and obviously what the business is all about. If you are not creating an immediate impression in this way, then you can’t be sure that your website is really doing what it is intended to do. It also needs to be easy to navigate around and to use, so that you will not be putting any potential visitors off with the design. As long as you get that right, you can be sure that you are generally on the right path. Of course, websites which really excel will also have a range of other fantastic characteristics, and it is worth paying attention to what others are doing if you really want to ensure that yours is as flawless as possible. As long as you are happy with your website, you will know that you are starting to approach your digital marketing in the right kind of way.

Drawing Visitors In

It’s not enough just to have a website, of course – you also need to find a way to actually draw people into it and visit it on a regular basis. This can be surprisingly difficult to get right, but it is the kind of thing which you really can’t overlook if you are to keep your business at the top as much as possible. Fortunately, there are countless different techniques and methods for keeping people coming into your website, so you can be sure that you are going to keep the interest up. Ensuring that the website is well-made is an essential first step ,as we discussed above. But you will also want to make sure that you are doing whatever you can to bring new people in too, and that means resorting to the likes of Search Engine Optimization (SEO) in order to ensure that that is done right.

How can you be sure that your SEO is doing what it needs to be doing? One of the best ways is to hire the help of a professional, as they will be able to make sure that your website really is set up to draw people in as well as possible. If you go to the likes of Monkee-Boy Digital Marketing, you will find that this can make a huge difference to how many visitors your website gets, as you are essentially outsourcing your SEO to those who really know what they are doing. You can’t know just how valuable great SEO is until you have got it just right, so make sure that you consider this when you are trying to improve your own digital marketing tactics. What’s more, you can do all of this without ever leaving your home, especially given the fact that you will be utilizing outside help.

Social Media

One of the best ways you can possibly spend your spare time is on social media, as when used properly this can constitute one of the most useful ways of potentially marketing your business. You do need to know how to use it properly, however so that you can be sure that you are doing it in the right way. But as long as you do, there is no reason that your social media use can’t help to keep the interest in your business going strong.

The trick to getting this right is to find a good balance, in terms of comparing your output to the amount that you try to link back to your website or promote your business. You don’t want to spam anyone, but you do want to make sure that you are actually getting the results you want – and that means knowing what you are doing when it comes to using social media. If you spend your spare time doing this, you will be amazed at how quickly it makes a profound difference to your business on the whole. You might even be able to generate some new leads this way, and all just by using a website and tool which is absolutely free to use. You might even find that you end up enjoying this process as well, and if so you can do it all the more in the future and help your business out even more.

With the right approach, you can achieve a lot from home, and hopefully end up with your business having more and more customers in no time.

Examples Of Middleman Concepts That Could Make You Rich

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Ask anyone in the business world about the best ways to make money, and they’ll tell you to become a middleman (or middlewoman.) On this page, there are some examples for you to consider that show how it’s possible to earn a fortune without working too hard. Maybe you could come up with something similar during the next few months?

The freelancer concept

There are hundreds of thousands of freelancers in the world at the moment who focus their efforts on everything from writing to web design. Launching a website that links business owners with those freelancers is an excellent move. You will earn a small commission for every piece of work they complete.

The air taxi concept

The infographic at the bottom of this page relates to the new concept of air taxis. That is a fantastic business idea because you would earn a significant commission per sale as the prices are significantly high.

The dropshipping concept

Lots of entrepreneurs make money from the dropshipping concept. They launch websites that advertise products for sale and then strike a deal with the manufacturer. The business owner never has to touch the products as the producer sends them straight to customers.

There are hundreds of other concepts you might like to consider. The ones mentioned on this page are just here to provide some inspiration. You now need to identify additional opportunities that could help you to become rich in a matter of months without breaking a sweat. Onwards and upwards folks!


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Turn Your LinkedIn Profile From Dull to Powerful In Minutes With These 3 Tips

Are you getting the engagement from your professional LinkedIn profile you hoped?

LinkedIn is the most widely used social media channel for business professionals, whether they’re searching for a job, looking for talented job seekers or hunting for networking opportunities. If your profile doesn’t seem to be reaching the people you want to connect with, it’s time to do something about it.

Use these three tips to turn a dull and ineffective profile into a powerful magnetic professional LinkedIn profile that attracts all the right people.

  1. Your picture is you. You may never meet the actual people behind connections you make on LinkedIn, but that doesn’t mean you won’t get to know them or they won’t get to know you. In fact, people who view your LinkedIn profile have to believe there is a real person behind the profile page before they feel comfortable connecting with you.

Having the right profile picture is particularly important for those whose profession involves personal one-on-one service. Your profile picture should be of your face from the top of your shoulders up. Go for an approachable, friendly expression, as you can see in Lori Janeson’s profile. Do not include your pets or kids. And look behind you before posing for that picture — you don’t want anything in your photo’s background to distract viewers.

  1. Your headline is key. A lot of people use the headline for their official job title. But, you can use that short headline space to add pizzazz as well as essential keywords and phrases instead. LinkedIn is a search engine, after all. If you use your headline to place compelling keyword phrases that explain what you do rather than a simple job title, it makes you more marketable as well as more likely to attract the attention of those searching for your specific talents and skills.

Add a value prop and let people know what you can do for them. For example, if you’re a software developer, try something like “Software Engineer: Helping companies provide automated support 24/7.” Focus on what you do best. Avoid using words like “expert,” “winning” or “hardworking” in your headline, however. They sound too much like bragging.

  1. Power up your summary. The summary is where you can really show off your stuff. Although it’s tempting to use the same type of information in your summary as you use on your resume, don’t.

Of course make your resume available on your profile. But make your summary something else. Yes, highlight your accomplishments. Yes, list your key skills. But also think of the summary as a way to expand beyond the facts of on your resume and let your personality shine through. Use industry-related keywords and phrases that match your job talents, expertise and skills. Avoid overused terms such as “team player,” “hard worker” and “attentive to details.” Instead use power phrases and words, such as the following:

  • Collaborator
  • Leader
  • Written and Oral Communicator
  • Problem Solver

Provide real examples of how you collaborated, lead a team, effectively communicated and solved a difficult problem. Include dollars and percentages to show the impact of your work.

Additional tips: Concentrate on the three areas above, but make use of all available sections in your LinkedIn profile. Use relevant graphics to add interest. Update often. Take the time to turn your LinkedIn profile into a powerful message about who you are and aggressively add to your network. LinkedIn can be your professional best friend if you turn your profile from drab to engaging. It only takes a few minutes.  

Business Boost – 5 Things Your Business is Doing Wrong and How to Fix Them

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Every business has its ups and downs. The down periods might last a week, a month, or even a year. However, while temporary losses are no cause for concern, long-term downturns are. You might believe your business runs like a well-oiled machine, with processes in place that tick along just nicely. However, a few words with your team might tell you otherwise. In reality, it might be those very business processes that you employ that are contributing significantly to poor business performance. Here are five things your business might be doing wrong, and how to fix them.

Outdated or Inefficient Software

When you first set up your business, you probably weren’t thinking of streamlining or integrating your software systems. You likely selected the preferred solution for each specific task, or simply did it manually. That strategy might have operated fine at first, but as your business begins to flourish, it can become a hindrance rather than a help. By choosing to streamline your processes with ERP software solutions or business management or accounting software systems, you’re able to organize production, distribution, accounting, performance, asset management, and more. All this can be achieved in one convenient system that provides unparalleled visibility over all your operations and a reliable flow of timely, accurate data on which to base crucial business decisions and strategic direction.

Inefficient IT Infrastructure

Traditionally, business paperwork lay in cumbersome file cabinets that took up too much space. Thankfully, we all moved on to electronic data storage on in-house servers. That required a team of

 IT experts to manage. That model has been turned on its head with the advent of cloud computing and data storage. Cloud servers, Internet-based systems that are accessed remotely, are continually growing in popularity, efficiency, capacity and safety. In fact, they’re expected to achieve an annual growth rate of 19 percent by 2020.

Manual Processes

Many businesses are now operating seamlessly online, but is your business dragging the chain? If your staff is drowning in an endless paperwork and inefficient processes that eat up their productive resources, it might be time to evaluate where you’re going wrong. By now, you should be computerizing almost everything, including payroll, finances, and reports. If old Gladys in accounts is still manually calculating your profit and loss reports per month, you might want to reconsider how things are running within your organisation.

Redundant Marketing Strategies

If your business is still relying on old-school marketing strategies, then it’s likely you’re falling behind the competition. Even if you have a website, keeping it updated with fresh content and humming along with good quality traffic is a challenge. A well-functioning, efficient digital marketing strategy is no longer a luxury that businesses can afford not to have. It’s an absolute necessity in an age when the internet and mobile technology completely dominate the marketing world.

Poor Sales Management

Without sales, your company will slowly starve itself out of existence. It’s a cut-throat game and finding god sales staff is a challenge. Even if you have good people out on the coalface, giving them the tools that they need and then maintaining the right level of healthy oversight is a must for any manager. If you don’t already have a Customer Relationship Management (CRM) tool in place, you need to consider it seriously. There is no better way for salespeople to organise and information about every lead and opportunity at their fingertips and for management to gain visibility about the progress of their staff’s efforts.

No one sets out to sabotage their own company’s success, but failure to keep your finger on the pulse of updates in your line of work can spell the end of your profits. Make changes, consult experts, and watch as the money starts rolling in once again.

 

How You Can Make More Money as a Small Business

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When you make an investment as a small business, you need to make sure that you understand how long it is going to be before you make a profit. If you are not sure how you can make an investment or if you want to know everything there is to know about investing then all you have to do is a little bit of research and have a small amount of capital to start with.

The Salary you Pay Yourself

When you start up a business, you may find that the company that you have never generates enough for you to live on. Other times you may find that it generates just enough for you and your family to live on, and this is for most people, the definition of success. You have your own career, your own business, and at the end of the day, you only have yourself to answer to. You need to carry on growing your business until you have enough income to support other employees.

The Income from Profits

When you have become successful as a small business, there may be some profit after you pay yourself your wage. The owner can then decide to invest these profits. You can do this in an attempt to expand your company or you may even use the money to build your own savings. If you want to get the best result out of your income however then one way for you to make more money would be for you to invest in stocks and commodities. Read more at: https://commodity.com/ if you want to find out how you could benefit from this while also finding out how you could get started for yourself.

Your Investment

So as you can see above, you first need to develop your business before you go on to invest. Once you have this kind of capital, there are various methods that you can use to make more money. One way would be for you to acquire real estate and then lease it out to other businesses. A lot of successful companies have done this and they usually control their real estate from within the firm as well, as opposed to selling it on to other landlords. This is especially the case if you purchase a business space but don’t necessarily need it at this moment in time. You can rent it out until the time does come for you to use it in a couple of years and you can also make money from any of your previously owned properties.

This is just one way you can make extra money. If you want, you can even provide loans to other businesses, charging interest as you do. This can be done through third party providers where the appropriate channels are monitored, and this is a brilliant way for you to capitalize on any money that you have coming in at the moment but is not being used. If this is not suitable for you however, then stocks and commodities are certainly the way to go, and you can invest as much or as little as you want along the way.

Credit Card Debt Isn’t Insurmountable!

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Now, it’s generally considered impolite conversation to discuss your finances with people. Never mind your debts. It’s not surprising, then, that so many of us feel completely isolated when it comes to discussing and dealing with credit card debts. Many of us actually assume that nobody else is in the same financial position as us. But believe it or not, most adults have some sort of credit card debt to their name. They just don’t tend to divulge this information to you. So it’s important that you don’t feel alone while trying to clear your own! That’s where we come in to help. We’re here to break the silence surrounding credit card debt and to let you know that while it may be an intimidating facet of your life to face, it is by no means insurmountable. Whether you have just a couple of hundred to pay off or figures are edging closer to four or five figure sums, you can surpass this and pay your dues off much sooner than you’d imagine. Here are a few tips and tricks that will help to make the process more simple for you.

Know What You Owe

When you find yourself in debt, it becomes extremely simple to bury your head in the sand and ignore what’s going on around you. So many of us ignore letters or reminders from our banks and other lenders. But this doesn’t help anyone! At the end of the day, the problems won’t go away. They will only get worse. So, you need to start out by getting to grips with your personal finances. Know exactly how much you owe out and who you owe each sum to. Sign into your online banking or check your statements. These will provide you with your balance. Total up all of the outstanding balances and then you can begin working out how to best deal with them.

Consolidate Your Debts

You’re likely to owe money to more than one source. This is problematic for several reasons. It’s difficult to remain organised and on top of your finances when you have multiple balances, passcodes, minimum repayments, and repayment dates. But there is a way to make life a little easier for yourself: you can consolidate your debts. This involves taking out one large loan and using the lump sum of money to clear all of your existing debts. While you will still owe the same amount out, it will be to one lender, such as Personalloan.co, with a consistent interest rate and a whole lot less information to remember.

Stick to Your Agreements

Somewhere that people often slip up with lending is repayments. You will be expected to make repayments, most likely on a monthly basis. However, if or when you miss this, you will accrue fees and fines as a penalty. So rather than wasting your money on this, make sure that everything is always done on time. Make a note in your calendar or set up a direct debit.

By following these three main steps you will eventually work your way out of debt!