17 Tips For Your in Home Business to Help With Your Success

Some every day tips for those who are just starting a small in home business or for those who are looking for ways to improve. We can all learn from each other so here are some tips I thought of and wanted to share with those of you who are new to internet marketing or any business for that matter.

1. Think about what you want to achieve. If you already know then that is great but think about and do the research on what ever business you are interested in. Look at the competition and the overall challenges that will come your way once you start it. Being prepared for situations before they arise is always good business practice and knowing the field you choose before you start will help you prepare things quicker and in a timely fashion so you can put your efforts on whats important, building.

2. Be sure that you can afford the business you are choosing, don’t get stuck in the middle of building your business just to find that the money just is not there. Be prepared and do the research so you are informed as to the over all costs. The Entrepreneur dream can be a reality but if your broke before you start it then then things will be very complicated to get started, so for smooth sailing be prepared and have your finances in control.

3. Acquiring the skills. In the beginning of starting your own business you will have to develop skills to get it off the ground. Some times just acquiring the skills to just get started can be a major pain but if you do the research before you start you will be ready for it. Over the months or years as your business grows you will have to grow with it. growing with your business requires new skills to keep it growing. Preparing yourself with the skills ahead of time will help keep things moving along in a timely fashion. Gain the understanding you need to over see all aspects of your business so you can determine if you need to out source certain tasks.

4. jumping ahead just a little, here are some important things to keep in mind. If your business involves contact with customers weather it be online or in person spend time developing customer relations and keeping them happy. To be successful you need to understand your customers so spend quality time understanding their demands and wishes and do your best to satisfy those areas.

5. Solving your customers problems quickly will keep their confidence in you at top level. Dont put all of your thoughts and concentration on selling to your customers. Solving their problems is more important and there is a critical difference between the two ares. Selling to them is to benefit you, solving their problems benefits them and in the process of benefiting them they may just purchase some thing from you. keep your customers satisfied, all of them and the benefit will be all yours.

6. Picking the area of business or niche is extremely important. Take a look at your skills that you already have and and try to pick business that you can use those skills that you already have and be one step ahead of the competition.

7. Benefiting from your business plan is key. If you consider all aspects before jumping into it then stick with your original plan and don’t jump around from idea to idea. Keeping focused on what you need to do first will help keep things in order. The benefits of creating a business plan is what will pay the bills when you put that plan into action. Know the plan before all the meters start running or they will wear you out and frustrate you. By this I mean time factors and money that you may need to spend to keep your business going.

8. Don’t get yourself in a financial tangle from the start of your business. Keep bankers and investors where they belong, out of your business.

9. Remember that a successful business needs sales to be successful. How many good products can you offer your customers and what kind of deals can you give them. do you have any bonuses to offer them, bonuses will keep them coming back. Develop a good marketing plan to drive customers to your products. Products and services or information is a good product but if you don’t get targeted traffic to your site or products then those things are useless. If you don’t know how to market look to our site for further insight on how to do so, it is the most important part to online success.

10. Do not stray away from quality. Quality is the backbone to your success and with out it your business is doomed! Once you have a quality way of doing business stick with it and always look for ways to improve quality. Don’t slack on quality, ever.

11. If your business grows to a point where you need employees then hire a great team. Keep your overhead to a minimum and don’t go over your budget.

12. Understand your where your profits are. Lets face it when it comes to small business profits are extremely important. Knowing when to give a good deal verses profits is a touchy subject. Just watch your profits and don’t hurt yourself or your business by giving things away.

13. Don’t try to run a business alone. Your success will depend on others the whole way, weather it is customers or a business partner. Others input will ease some of your tasks and the over all tasks may be more then you can handle. So be prepared from the very beginning and get a like minded person to join your team.

14. Partnerships are what will develop business relations and this includes the vendors of the products that you offer. Good relations with those who supply you with the goods you sell will increase over time and your partnerships will benefit both you and them. So be a good business partner with everyone not just those who buy from you. With good partnerships come possible friendships and friends can be a great help.

15. Understand product Guarantees and always offer them. Inform your buyers of these guarantees and be ready to stick to the Guarantee when you are called upon to do so. Offering a guarantee on every product you offer will show quality and assurance to your customers, it will make the over all benefits look all the more pleasing.

16. Stick with what you do best, don’t try to just into other areas of business with out thinking first. fast, good, cheap, the best, there is none higher. Don’t try to be every thing at one time. Stick with what you know and what works best for you. Moving into other areas is good but moving away from what you already know can sink you if you don’t do it correctly.

17. Always strive to learn. As your business grows and profits start to rise you have to develop skills that will keep you and your business on top. Go forth and Profit:).

These are 17 tips to help you on your way when starting your new business.

The Kitchen & Bath Business Marketing Plan Should Be Flexible, Cost Effective & Brand The Dealership

Like most Kitchen & Bath Dealers, when I opened my dealership, I had a rough business plan and an idea of how I was going to market.

It was generalized and not very detailed. Sound familiar? I think the biggest mistake made was I really did not do a Market Study of who was doing what level of Kitchen & Baths in my market area. How can you get specific if you don’t understand the details of your market, market area, and market prospects?

A comprehensive Marketing Analysis should first look at the overall industry as a whole, then you would define your market geographically, demographically and sociographically. In English,that means, what area of the map, who lives their and what is their income, home value, etc, etc. I cannot stress this enough. Know Who, What & Where your going to target your marketing so that you don’t waste money on advertising outside those parameters.

Which is your business going to focus on,The consumer, home builder, allied professionals etc. Of course you will do projects for all of them, but your pricing and marketing strategy has to focus on one or two of them. Don’t be a “Jack of all trades, Master of none”. You should come out of your marketing analysis phase with a clear understanding of who you are, who your primary client base is and how you are going to compare with the competition in your market area.

Your Marketing Strategy should define your goal. What do you expect to accomplish and what is your budget. Remember, it doesn’t matter how big or small of a firm you are, you should always have a clear, defined budget and stick to it.

The percentages I spoke about in the last newsletter are very accurate and every Kitchen & Bath business should try and stick to them. For your review:

New business 7-8%

2-3 Year old business is 5-7%

An established business is 3- 5 %.

Remember to ad 2- 4% for brand development if your a new business.

When you do your plan in advance and stick to it, a side benefit is with truthfulness you can tell the advertising sales people that constantly call on your business- ” My budget & plan is already spoken for this year, Thank you.”

Timing is important, you should set your budget on the current years sales /overhead expenditure percentages for the following fiscal year. The 3rd Quarter is when you start to do the spending comparisons from previous year and in the middle of the 4th quarter your budget for the following year should be set.

Next step is to figure out how your going to communicate your strategy that you have defined, then you have to test the results. Some examples of Target Markets and some specific strategies that you might consider. Each market is different and you have different dealer profiles, so bear with me as I offer some examples.

The best marketing is one on one, direct contact with the prospect. Go out and get the prospects, don’t just sit in the showroom and wait for them to come in. As a rep, I just love sales people that say ” Oh man, business is slow this quarter, and yet their butts haven’t moved off the chair in front of the computer with solitaire on the screen..I digress….sorry. 🙂 If you know who your target prospect is from your analysis, there is no excuse why not to go after them.

A Newsletter, keeps in touch with your existing client base, while a Four Color Brochure, introducing your firm and its services-with Testimonials will help turn new prospects into clients. You can do this economically and along with one on one dialog be effective. These provide both flexible and cost effective marketing tools.

I find that Direct Mail Advertising only attracts the price shopper, looking for a “deal”, and I am not convinced at a 2 % response rate that it is cost effective. The big 4 Color Slicks Magazines are great for Branding, but you need to do it correctly commit to two years at every other month, It is certainly costly and most effective for branding your business with affluent prospect. It is a mistake to spend all of your marketing dollars on the 4 color slick magazines. I find that putting ads in the local Theatre and Opera Programs will do the same branding with the same affluent prospect and are less costly.

I had done some TV on the Cable Channels such as HGTV, I found that to be as effective as the 4 color slick with some side benefits. It reaches the mighty middle prospect and affluent prospect (depending on which show it airs.) A pleasant side effect is that if you do a tasteful ad and the principle is on then your existing client base is reminded of you and talks about you. (More of a reason to earn those A referrals) It is more cost effective than the 4 Color Slicks and I believe does more in the short run. I think TV, radio done right really works, but it is a big budget item. I know how to get the production done, what to look for in the statistics of who is watching what and how well it can Brand your business. I am not talking about one of those cheesy cable commercials either.

These examples are just a few of many, many. Each firm is different, that’s why you need to Analysis, Strategize & Plan specifically for your business. Stick to a budget and timetable and be flexible. Follow the yellow brick road to your business pot of gold.

Best Ideas For a Good Business – Stick With What You’re Good At

The best ideas for a good business all involve pinpointing your exceptional qualities and capitalizing on them. Most people would love to start a business doing what they love but they just don’t think there’s a way to do. I’m here to tell you that no matter where your interests lie, you can find a way to make money off of them. Following are 3 interesting examples.

1 ) Reading. So, you love to read. No one’s going to pay you to read. Or will they? There are several jobs you can get that utilize your reading comprehension. One option is to become a summarizer. You can find local students or businesses with a large volume of information that needs to be condensed. All you have to do is read their materials, write a summary and get paid. Tutoring folks who are trying to increase their reading comprehension is a great option as well.

2 ) Surfing the web. You spend all day browsing the internet for the coolest new videos and checking out the best blogs. Believe it or not, you can make money doing it. Find a company who’s looking for unique advertising, and advertise their services on different websites. All you do is find the hippest blogs or message boards and drop a subtle message about what your client has to offer.

3 ) Video games. Even avid gamers can find a way to turn their hobby into a business. Write up detailed guides on how to beat all the levels of your favorite games and they’ll be selling like hot cakes in no time.

As you can see, the best ideas for a good business all focus on taking advantage of things you already love doing.