MLM Success Training: Why Some People Become Wealthy in Network Marketing and Others Don’t.
by: Tim Bruxvoort
Regardless of whether you watch the Oprah Winfrey show or not, the story of her success is fascinating. You can't say where she is today is the result of any special advantages she had growing up.
In fact, she came from a broken family and she was abused as a child. She's also African-American and a woman, so discrimination was likely a factor that counted against her somewhere along the way.
So why is she now worth a billion dollars while many Harvard-educated, white males who grew up with every advantage only make a comfortable living?
Ever wonder why success seems to come easily for some people while others struggle at everything they do? What makes the difference?
Success in Multi-Level Marketing (MLM), Network Marketing, or anything else in life is predictable and can be duplicated by following time-tested principles that all millionaires use.
In fact, if you don't receive training in these principles of wealth, you can NEVER have it in your life. At least not for long. If you do somehow become wealthy in MLM without learning these principles, you won't keep it.
Want proof? Just look at people who have won the lottery:
- William "Bud" Post won $16.2 million in the Pennsylvania lottery in 1988. Now he lives on his Social Security and food stamps which amounts to $450 a month.
- Ken Proxmire was a machinist when he won $1 million in the Michigan lottery. He moved to California and went into the car business with his brothers and he filed for bankruptcy within five years.
- Suzanne Mullins won $4.2 million in the Virginia lottery in 1993. Today she's deeply in debt to a company that loaned her money using the winnings as collateral.
- "Winning the lottery isn't always what it's cracked up to be," says Evelyn Adams. She won the New Jersey lottery not just once, but twice (1985, 1986), in an amount of $5.4 million. Today she lives in a trailer and all the money is gone.
- Janite Lee from Missouri won $18 million in 1993. She generously gave her money to a variety of causes including politics, education and the community. According to published reports, eight years after winning, Lee had filed for bankruptcy with only $700 left in two bank accounts and no cash on hand.
- Willie Hurt of Lansing, Mich., won $3.1 million in 1989 and two years later he was broke and charged with murder. His lawyer says he spent his fortune on a divorce and cocaine.
- Charles Riddle of Belleville, Mich., won $1 million in 1975. Later he got divorced, faced several lawsuits and was indicted for selling cocaine.
People have a "financial thermostat" and just like the thermostat that controls the heating or cooling in your house, your thermostat is currently set for the amount of money you have.
If you somehow receive more money from your MLM business than your financial thermostat is set for, like the lottery winners above, you'll waste it away until you are back to your set level.
If you want more money from your Network Marketing business, or you want to keep the money you are receiving, you have to raise your financial thermostat. It's that simple.
How do you raise your thermostat? By learning and practicing the principles of wealth. All self-made millionaires live by these principles.
If you're not currently having MLM success, it's likely because you aren't applying the same principles that Oprah and all other billionaires and millionaires apply to achieve their success. All that's standing in the way between you and success is the application of these general principles.
So where do you learn these success principles?
The best place is directly from people who understand the principles and have had success using them. There's no quicker way to get where you want to go than to find a mentor to guide you along your way.
The person you want is someone who is currently where you want to be, and is willing to teach you the wealth principles. Of course, not all successful people fully understand these principles even though they naturally apply them.
Another good way to learn the principles of wealth is through the greatest success book of all time, Napoleon Hill’s Think and Grow Rich. The principles you need to understand are in this book. You'll need to do some work to uncover them, understand them, and put them into practice, but they are in the book.
Napoleon Hill’s Think and Grow Rich is all about using the same resources that millionaires use to get the same results as them.
If you are not experiencing the kind of financial success you desire, perhaps all you need is a little MLM success training from a mentor or by learning and practicing the principles in Think and Grow Rich. Sometimes all it takes is few subtle shifts in your thought processes to create a GIANT difference in your results!
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About the author:
About the Author:
Tim Bruxvoort is the Internet’s Foremost Home-Based Business and Success Coach who helps people create successful and profitable lives in their own home-based businesses. You can visit his website at www.homebasedriches.com. If you are interested in discovering how you can be successful in anything you do, go to www.thinktorich.comfor a free report.
Sunday, December 30, 2007
Tuesday, December 18, 2007
Your Business Plan Will Become Your Partner
Your Business Plan Will Become Your Partner
by: Hans Hasselfors
Are you planning to start a new business? Or are you considering expanding your current business and require a bank loan or investment from outsiders?
If you are going to look for an investment of capital it is quite likely that you will be required to have a business plan. If you are starting a business, despite the work involved, a business plan can prepare you for the obstacles ahead and help ensure your success.
A business plan is something that many small businesses fail to create, however, many business owners are adamant that having a written business plan is one of the keys to their present success. Creating a business plan forces you to contemplate possible obstacles to your business and prepares you to find solutions that will help you to overcome them.
To find investors or get a bank loan, they will want to see that you have the experience or resources to run the business. They will want to see your projected income as well as your suggested repayment plan already laid out. Taking the time to do this is not only important for them, but it gives you a measuring tool to verify if your business is growing properly. You can gage your success on how close to the plan your business has actually performed. Perhaps you'll do worse, or perhaps you'll do better, either way it helps you determine how well your business is getting on.
If you have never seen a business plan before you may be concerned that is is too difficult a proposition for you to manage on your own.
While there are services available where you can hire someone to write a business plan for you, depending on your needs it may be wise to familiarize yourself with a business plan's layout. This will not only help you to provide the necessary information, but may encourage you to try your own hand at it.
There's a free tool at www.bdc.ca which will assist you in creating a business plan. Some of the topics you will be required to explain are your Market, Customer, Competition, Marketing Plan, Research & Development along with financial forecasts. You may consider hiring someone to help you with your financial sheets after completing the written part of the Business Plan.
Your Business Plan will become your guide and silent business partner - indicating where you need to improve and helping you stay one step ahead of your competition. Make it a priority to have this crucial road map for your business.
About the author:
This Article Was Published By Hans Hasselfors, from SubmitYourNewArticle.com Get the net working for you. Join a community of like-minded authors and publishers and make your living online. Become a member of our article directory:
http://www.SubmitYourNewArticle.com
by: Hans Hasselfors
Are you planning to start a new business? Or are you considering expanding your current business and require a bank loan or investment from outsiders?
If you are going to look for an investment of capital it is quite likely that you will be required to have a business plan. If you are starting a business, despite the work involved, a business plan can prepare you for the obstacles ahead and help ensure your success.
A business plan is something that many small businesses fail to create, however, many business owners are adamant that having a written business plan is one of the keys to their present success. Creating a business plan forces you to contemplate possible obstacles to your business and prepares you to find solutions that will help you to overcome them.
To find investors or get a bank loan, they will want to see that you have the experience or resources to run the business. They will want to see your projected income as well as your suggested repayment plan already laid out. Taking the time to do this is not only important for them, but it gives you a measuring tool to verify if your business is growing properly. You can gage your success on how close to the plan your business has actually performed. Perhaps you'll do worse, or perhaps you'll do better, either way it helps you determine how well your business is getting on.
If you have never seen a business plan before you may be concerned that is is too difficult a proposition for you to manage on your own.
While there are services available where you can hire someone to write a business plan for you, depending on your needs it may be wise to familiarize yourself with a business plan's layout. This will not only help you to provide the necessary information, but may encourage you to try your own hand at it.
There's a free tool at www.bdc.ca which will assist you in creating a business plan. Some of the topics you will be required to explain are your Market, Customer, Competition, Marketing Plan, Research & Development along with financial forecasts. You may consider hiring someone to help you with your financial sheets after completing the written part of the Business Plan.
Your Business Plan will become your guide and silent business partner - indicating where you need to improve and helping you stay one step ahead of your competition. Make it a priority to have this crucial road map for your business.
About the author:
This Article Was Published By Hans Hasselfors, from SubmitYourNewArticle.com Get the net working for you. Join a community of like-minded authors and publishers and make your living online. Become a member of our article directory:
http://www.SubmitYourNewArticle.com
Tuesday, December 11, 2007
Starting a Gumball Machine Business
Starting a Gumball Machine Business
by: Michael Rad
Are you thinking of starting a vending machine business? If so, gumball vending machines might just be the perfect answer for your needs. Learn how and why gumball vending is profitable by reading the complete article.
Competition and strategies
The most frightful competition where gumball vending machines are considered is candy vending machine, and soda vending machine. Candy vending machines are an alternative to gumball ones, because they are both considered to be sweets. The difference however, is the fact that gumball vending machines are so much cheaper, so they have more popularity among people. Sales from a gumball vending machine are much higher than a candy one. And besides, the gumball vending machines are smaller and can be placed in any food store. A gumball vending machine is first of all a vending machine business niche element. So in order to make profit and be successful in your business, you most certainly must think about positioning the gumball vending machine. Considering the fact that candy vending machines can’t be placed in a local food store - a gumball dispenser is, however, a great replacement, being smaller and much more adaptable to a local store. Kids are the main targets to a gumball vending machine, so placing vending machines in locations where kids go is a major factor in increasing your revenue and developing a profitable vending machine business.
The gumball vending machine business
It’s true that gumball machines produce gum that is extremely cheap, so the price can’t be so high. But think again, because things can be different. Having gumball sold in million pieces a day, you can even make a fortune out of gumball vending machines. Purchasing more than just one gumball machine is the key to increasing your profit. And placing them in children’s way is the key to a successful vending machine business. One of the major factors that can bring you trouble is direct sunlight. Having your gumball vending machine put straight into the sunlight can affect the quality of the gum not to mention the color that will slowly fade away. So, in order to protect your vending machine business, make sure you place your gumball vending machines in a shady cool place for the durability and good maintenance of the quality of the gumballs.
Commissions – a basic strategy in vending
Paying a commission fee to the owner of the store you place your vending machine in, is a must. Usually, you will have to pay a fixed commission. But in many cases the commission is based on the sales, and has to do with the percentage of your sales. Most store owners will only charge you a small fee, because a vending machine is a good advertising source for them as well. Especially, if you have invested in a gumball vending machine, the commission is not highly rated, since the machine itself doesn’t take much space. Though, make no mistake: paying commission is a basic in vending. There are stores that will ask for up to 25% of your sales. This is the case of a major superstore, with great sales itself, that will only do you good if it lets you place the vending machine in its location. Find fresh new vending business information here:
www.vending-machine-expert.com
About the author:
More resources from this author are available below:
www.asthmaxpert.com| www.breast-enlargement-expert.com| www.gastric-bypass-expert.com| www.bulimia-expert.com| www.depression-treatment-expert.com| www.erectile-dysfunction-expert.com| www.hairloss-expert.com| www.platinum-first.com| www.paper-shredder-expert.com| www.vending-machine-expert.com| www.exerciseheaven.com| www.acnexpert.com| www.hidrosiscure.com
by: Michael Rad
Are you thinking of starting a vending machine business? If so, gumball vending machines might just be the perfect answer for your needs. Learn how and why gumball vending is profitable by reading the complete article.
Competition and strategies
The most frightful competition where gumball vending machines are considered is candy vending machine, and soda vending machine. Candy vending machines are an alternative to gumball ones, because they are both considered to be sweets. The difference however, is the fact that gumball vending machines are so much cheaper, so they have more popularity among people. Sales from a gumball vending machine are much higher than a candy one. And besides, the gumball vending machines are smaller and can be placed in any food store. A gumball vending machine is first of all a vending machine business niche element. So in order to make profit and be successful in your business, you most certainly must think about positioning the gumball vending machine. Considering the fact that candy vending machines can’t be placed in a local food store - a gumball dispenser is, however, a great replacement, being smaller and much more adaptable to a local store. Kids are the main targets to a gumball vending machine, so placing vending machines in locations where kids go is a major factor in increasing your revenue and developing a profitable vending machine business.
The gumball vending machine business
It’s true that gumball machines produce gum that is extremely cheap, so the price can’t be so high. But think again, because things can be different. Having gumball sold in million pieces a day, you can even make a fortune out of gumball vending machines. Purchasing more than just one gumball machine is the key to increasing your profit. And placing them in children’s way is the key to a successful vending machine business. One of the major factors that can bring you trouble is direct sunlight. Having your gumball vending machine put straight into the sunlight can affect the quality of the gum not to mention the color that will slowly fade away. So, in order to protect your vending machine business, make sure you place your gumball vending machines in a shady cool place for the durability and good maintenance of the quality of the gumballs.
Commissions – a basic strategy in vending
Paying a commission fee to the owner of the store you place your vending machine in, is a must. Usually, you will have to pay a fixed commission. But in many cases the commission is based on the sales, and has to do with the percentage of your sales. Most store owners will only charge you a small fee, because a vending machine is a good advertising source for them as well. Especially, if you have invested in a gumball vending machine, the commission is not highly rated, since the machine itself doesn’t take much space. Though, make no mistake: paying commission is a basic in vending. There are stores that will ask for up to 25% of your sales. This is the case of a major superstore, with great sales itself, that will only do you good if it lets you place the vending machine in its location. Find fresh new vending business information here:
www.vending-machine-expert.com
About the author:
More resources from this author are available below:
www.asthmaxpert.com| www.breast-enlargement-expert.com| www.gastric-bypass-expert.com| www.bulimia-expert.com| www.depression-treatment-expert.com| www.erectile-dysfunction-expert.com| www.hairloss-expert.com| www.platinum-first.com| www.paper-shredder-expert.com| www.vending-machine-expert.com| www.exerciseheaven.com| www.acnexpert.com| www.hidrosiscure.com
Sunday, November 25, 2007
10 Amazing Ways To Jump Start Your Sales
10 Amazing Ways To Jump Start Your Sales
by: Wesley Atkins
1. Find a strategic business partner. Look for ones that have the same objective. You can trade leads, share marketing info, sell package deals, etc.
2. Brand your name and business. You can easily do this by just writing articles and submitting them to e-zines or web sites for republishing.
3. Start an auction on your web site. The type of auction could be related to the theme of your site. You'll draw traffic from auctioneers and bidders.
4. Remember to take a little time out of your day or week to brainstorm. New ideas are usually the difference between success and failure.
5. Model other successful business or people. I'm not saying out right copy them, but practice some of the same habits that have made them succeed.
6. Take risks to improve your business. Sometimes businesses don't want to advertise unless it's free, sometimes you have to spend money to get results.
7. Include emotional words in your advertisements. Use ones like love, security, relief, freedom, happy,
satisfaction, fun, etc.
8. Ask people online to review your web site. You can use the comments you get to improve your web site or you may turn the reviewer into a customer.
9. Out source part of your workload. You'll save on most employee costs. You could out source your secretarial work, accounting, marketing, etc.
10. Combine a product and service together in a package deal. It could increase your sales. If you're selling a book, offer an hour of consulting with it.
About the author:
Wesley Atkins is the owner of http://www.reviewbooth.com/ - containing numerous web site marketing tips, articles, and reviews of marketing tools and software.
by: Wesley Atkins
1. Find a strategic business partner. Look for ones that have the same objective. You can trade leads, share marketing info, sell package deals, etc.
2. Brand your name and business. You can easily do this by just writing articles and submitting them to e-zines or web sites for republishing.
3. Start an auction on your web site. The type of auction could be related to the theme of your site. You'll draw traffic from auctioneers and bidders.
4. Remember to take a little time out of your day or week to brainstorm. New ideas are usually the difference between success and failure.
5. Model other successful business or people. I'm not saying out right copy them, but practice some of the same habits that have made them succeed.
6. Take risks to improve your business. Sometimes businesses don't want to advertise unless it's free, sometimes you have to spend money to get results.
7. Include emotional words in your advertisements. Use ones like love, security, relief, freedom, happy,
satisfaction, fun, etc.
8. Ask people online to review your web site. You can use the comments you get to improve your web site or you may turn the reviewer into a customer.
9. Out source part of your workload. You'll save on most employee costs. You could out source your secretarial work, accounting, marketing, etc.
10. Combine a product and service together in a package deal. It could increase your sales. If you're selling a book, offer an hour of consulting with it.
About the author:
Wesley Atkins is the owner of http://www.reviewbooth.com/ - containing numerous web site marketing tips, articles, and reviews of marketing tools and software.
Monday, November 19, 2007
A Beginner’s Guide to Affiliate Marketing
A Beginner’s Guide to Affiliate Marketing
by: Jason Gazaway
The dawning of the cyberspace era is at hand. The genesis of artificial intelligence is upon this particular moment in history as everyone in the industrialized world goes about utilizing one of the most sophisticated tools mankind has ever created.
Who, in this day and age, does not know about computers? They are machines capable of controlling operations expressible both in numerical and logical terms. The complex components used by these devices are the ones which enable them to carry out functions that even the geniuses of centuries past would not have imagined possible.
The existence of computers has spawned similar technology that is equally great. Who among those who live in the industrialized world does not know about the internet? It is the technology which enables people to publicly access a worldwide system of interconnected computer networks. It is also this technology which provides them diverse types of services responsible for making their lives unbelievably convenient.
These services include online chat which ignores distance and connects one person to another even across oceans and continents. There is also electronic mail which keeps people in touch in about the same manner. Still, the amazing technology called the internet offers other services like interlinked web pages and other documents of the world wide web. These services allow just about everyone to have access over large amounts of information usually not found in libraries and other like sources.
Consequently, the internet has gained an unbelievable amount of fame as a result of everything that it is able to offer society. Everyone is astonished by how it makes life convenient for those who rely on its utilization day in and day out. This fame has extended itself to those who are enterprising enough to be able to turn a dollar to two in one single day. As a result, the internet has become a complex abode for commercialism that spans everything concerning commerce and marketing.
And so it is through the vast and complex regions of the internet that affiliate marketing came to be. Affiliate marketing is an online marketing strategy that involves the promotion of a website. In this scheme, a person who is technically called an affiliate is able to make money online by simply listing other people’s websites on his own.
These websites are owned by people called merchants, the ones who technically operate the affiliate program. The affiliate promotes these merchants and their wares by merely displaying their link in his website, and whenever a customer clicks on a link and a purchase is made, a sale is generated as a result of that promotion. The merchant then pays the affiliate a commission, the amount of which has been decided on even before the transaction occurred.
It is important for the affiliate to remember that the website he uses as medium in the affiliate program which he is part of should only contain links that have something to do with himself or his product. Consistency is important if he wants to have a strong, solid market that he can count on to be able to generate the amount of sales that he wants to make. Then again, to be able to know and understand what would further interest those who visit his website, the affiliate should take extra effort in scrutinizing his market through and through. Studying the tricks of the trade is a must for anyone who wants to know a business step by careful step.
In getting an online business such as this underway, one is also required to have all the proper tools needed for a successful start. These include tracking software, websites, follow-up manager and a lot more. In addition to this is the fact that some online businesses train people for free, the reason why more and more are succumbing to this business and the wondrous opportunities it offers for financial growth. Here affiliates get paid and are able to realize goals and dreams that would have been impossible for them to achieve under normal circumstances.
The simple scheme called affiliate marketing is more than enough for someone to be able to make a lot of money online. This comes as a result of continual marketing efforts that are sure to bear fruit at the right possible time. The A to Z of affiliate marketing is as easy as it looks, but it also takes a lot of diligence and perseverance to be able to succeed in a business such as this.
About the author:
Discover how you can create a turnkey marketing system that builds massive downlines for you, attracts hungry prospects automatically, and generates income non-stop, 24 hours a day!
Find out more right here:
http://www.HowToBecomeSuccessful.com
by: Jason Gazaway
The dawning of the cyberspace era is at hand. The genesis of artificial intelligence is upon this particular moment in history as everyone in the industrialized world goes about utilizing one of the most sophisticated tools mankind has ever created.
Who, in this day and age, does not know about computers? They are machines capable of controlling operations expressible both in numerical and logical terms. The complex components used by these devices are the ones which enable them to carry out functions that even the geniuses of centuries past would not have imagined possible.
The existence of computers has spawned similar technology that is equally great. Who among those who live in the industrialized world does not know about the internet? It is the technology which enables people to publicly access a worldwide system of interconnected computer networks. It is also this technology which provides them diverse types of services responsible for making their lives unbelievably convenient.
These services include online chat which ignores distance and connects one person to another even across oceans and continents. There is also electronic mail which keeps people in touch in about the same manner. Still, the amazing technology called the internet offers other services like interlinked web pages and other documents of the world wide web. These services allow just about everyone to have access over large amounts of information usually not found in libraries and other like sources.
Consequently, the internet has gained an unbelievable amount of fame as a result of everything that it is able to offer society. Everyone is astonished by how it makes life convenient for those who rely on its utilization day in and day out. This fame has extended itself to those who are enterprising enough to be able to turn a dollar to two in one single day. As a result, the internet has become a complex abode for commercialism that spans everything concerning commerce and marketing.
And so it is through the vast and complex regions of the internet that affiliate marketing came to be. Affiliate marketing is an online marketing strategy that involves the promotion of a website. In this scheme, a person who is technically called an affiliate is able to make money online by simply listing other people’s websites on his own.
These websites are owned by people called merchants, the ones who technically operate the affiliate program. The affiliate promotes these merchants and their wares by merely displaying their link in his website, and whenever a customer clicks on a link and a purchase is made, a sale is generated as a result of that promotion. The merchant then pays the affiliate a commission, the amount of which has been decided on even before the transaction occurred.
It is important for the affiliate to remember that the website he uses as medium in the affiliate program which he is part of should only contain links that have something to do with himself or his product. Consistency is important if he wants to have a strong, solid market that he can count on to be able to generate the amount of sales that he wants to make. Then again, to be able to know and understand what would further interest those who visit his website, the affiliate should take extra effort in scrutinizing his market through and through. Studying the tricks of the trade is a must for anyone who wants to know a business step by careful step.
In getting an online business such as this underway, one is also required to have all the proper tools needed for a successful start. These include tracking software, websites, follow-up manager and a lot more. In addition to this is the fact that some online businesses train people for free, the reason why more and more are succumbing to this business and the wondrous opportunities it offers for financial growth. Here affiliates get paid and are able to realize goals and dreams that would have been impossible for them to achieve under normal circumstances.
The simple scheme called affiliate marketing is more than enough for someone to be able to make a lot of money online. This comes as a result of continual marketing efforts that are sure to bear fruit at the right possible time. The A to Z of affiliate marketing is as easy as it looks, but it also takes a lot of diligence and perseverance to be able to succeed in a business such as this.
About the author:
Discover how you can create a turnkey marketing system that builds massive downlines for you, attracts hungry prospects automatically, and generates income non-stop, 24 hours a day!
Find out more right here:
http://www.HowToBecomeSuccessful.com
Wednesday, October 31, 2007
Buying a Franchise
Buying a Franchise
by: Matt Bacak
is not for everyone. This guide will help you evaluate whether buying a franchise is right for you. It will help you understand your obligations as a franchise owner. Many people dream of owning and running their own business but are often let down by the reality of doing so.
By purchasing a franchise, you often can sell goods and services that have instant name recognition and can obtain training and ongoing support to help you succeed. But be cautious. Like any investment, purchasing a franchise is not a guarantee of success.
A franchise typically enables you, the investor or "franchisee," to operate a business. By paying a franchise fee, which may cost several thousand pounds, you are given a format or system developed by the company ("franchisor"), the right to use the franchisor's name for a limited time, and assistance.
While buying a franchise may reduce your investment risk by enabling you to associate with an established company, it can be costly. You also may be required to relinquish significant control over your business, while taking on contractual obligations with the franchisor.
Outlined below are some of the main points you need to consider before buying a franchise:
- Franchise fee: Your initial franchise fee, which may be non-refundable, may cost several thousand to several hundred thousand pounds.
- Royalty payments: You may have to pay the franchisor royalties based on a percentage of your weekly or monthly gross income. You often must pay royalties even if your outlet has not earned significant income during that time. In addition, royalties usually are paid for the right to use the franchisor's name.
- Advertising fees: You may have to pay into an advertising fund. Some portion of the advertising fees may go for national advertising or to attract new franchise owners, but not necessarily to target your particular outlet.
- Controls: To ensure uniformity, franchisors typically control how franchisees conduct business. These controls may significantly restrict your ability to exercise your own business judgment.
- Terminations and Renewal: You can lose the right to your franchise if you breach the franchise contract. In addition, the franchise contract is for a limited time; there is no guarantee that you will be able to renew it. A franchisor can end your franchise agreement if, for example, you fail to pay royalties or abide by performance standards and sales restrictions. If your franchise is terminated, you may lose your investment. Franchise agreements typically run for 15 to 20 years. After that time, the franchisor may decline to renew your contract.
Before investing in a particular franchise system, carefully consider how much money you have to invest, your abilities, and your goals.
About the author:
Matt Bacak became "##1 Best Selling Author" in just a few short hours.
Recent Entrepreneur Magazine’s e-Biz radio show host is
turning Authors, Speakers, and Experts into Overnight Success Stories.
Discover The Secrets http://promotingtips.com
by: Matt Bacak
is not for everyone. This guide will help you evaluate whether buying a franchise is right for you. It will help you understand your obligations as a franchise owner. Many people dream of owning and running their own business but are often let down by the reality of doing so.
By purchasing a franchise, you often can sell goods and services that have instant name recognition and can obtain training and ongoing support to help you succeed. But be cautious. Like any investment, purchasing a franchise is not a guarantee of success.
A franchise typically enables you, the investor or "franchisee," to operate a business. By paying a franchise fee, which may cost several thousand pounds, you are given a format or system developed by the company ("franchisor"), the right to use the franchisor's name for a limited time, and assistance.
While buying a franchise may reduce your investment risk by enabling you to associate with an established company, it can be costly. You also may be required to relinquish significant control over your business, while taking on contractual obligations with the franchisor.
Outlined below are some of the main points you need to consider before buying a franchise:
- Franchise fee: Your initial franchise fee, which may be non-refundable, may cost several thousand to several hundred thousand pounds.
- Royalty payments: You may have to pay the franchisor royalties based on a percentage of your weekly or monthly gross income. You often must pay royalties even if your outlet has not earned significant income during that time. In addition, royalties usually are paid for the right to use the franchisor's name.
- Advertising fees: You may have to pay into an advertising fund. Some portion of the advertising fees may go for national advertising or to attract new franchise owners, but not necessarily to target your particular outlet.
- Controls: To ensure uniformity, franchisors typically control how franchisees conduct business. These controls may significantly restrict your ability to exercise your own business judgment.
- Terminations and Renewal: You can lose the right to your franchise if you breach the franchise contract. In addition, the franchise contract is for a limited time; there is no guarantee that you will be able to renew it. A franchisor can end your franchise agreement if, for example, you fail to pay royalties or abide by performance standards and sales restrictions. If your franchise is terminated, you may lose your investment. Franchise agreements typically run for 15 to 20 years. After that time, the franchisor may decline to renew your contract.
Before investing in a particular franchise system, carefully consider how much money you have to invest, your abilities, and your goals.
About the author:
Matt Bacak became "##1 Best Selling Author" in just a few short hours.
Recent Entrepreneur Magazine’s e-Biz radio show host is
turning Authors, Speakers, and Experts into Overnight Success Stories.
Discover The Secrets http://promotingtips.com
Wednesday, October 24, 2007
7 Keys to Internet Business Success
7 Keys to Internet Business Success
by: Bina Omar
Starting an internet business can be as simple as opening a Yahoo Store. And as complicated as building your own dynamic e-commerce web site. But no matter how you go about it, you need 7 key ingredients to ensure the success of your internet business.
1. Demand
You can have the most awesome product and the most hi-tech web site, but if you can’t generate demand for your product, your business is doomed from the start. There are many ways to generate demand in the online world. You could advertise in ezines, start an affiliate program, encourage word of mouth, referrals, do joint ventures. Remember, without demand, there will be no sales. And without sales, where does that leave you?
2. Order
When you start getting visitors to your web site, it’s now just a matter of turning them into your customers. Okay, maybe it’s not as easy as it sounds. This is why, once your visitor has decided to become a customer, you have to make sure that it is easy for them to do so. Make sure that your ordering process is easy and straightforward. The less clicks to secure an order, the better.
3. Payment
This is one process of your internet business that you’d definitely not want to get wrong - how money is actually transferred from your customer to you. The most popular means of doing this online is through credit card transactions. Credit cards makes full use of a person’s ‘buy now think later’ attitude. So, your sales would be a lot higher if you accepted credit cards than if you didn’t. This doesn’t mean you shouldn’t have alternative methods. The more payment methods you offer, the easier your customer will find it to pay for your product.
4. Fulfillment
After payment has been made, don’t make the mistake of thinking that the coast is clear. There’s still the matter of delivering your products. If you sell digital products, it is now normal standard to have it delivered instantly. People now expect this, so make sure you set this up. If you sell physical products that needs physical delivery, make sure that you communicate with your customer every step of the way. Ensure them that their goods are on the way. If possible, send them a means to track the movement of their package. Your customers should never feel insecure.
5. Service and Support
Once the sale has been made, it doesn’t stop there. You have to provide excellent customer support. Your internet business customer support will determine, to some extent, whether your customer will request a refund and whether or not they will make repeat purchases. Support abilities of an internet business is getting more and more efficient. So don’t get caught behind. The least you should do is provide timely e-mail support. If you have a busier site, then consider other support methods - online helpdesk, FAQs, live chats, ticket system, knowledge base ….
6. Security
The Internet community is getting more aware of what to look out for in order to protect themselves from many of the net’s less desirable activities. One of which is e-commerce frauds. It is, therefore, up to you to prove to your visitors that they can trust you. Things like using secured server to process payments, can go a long way. Purchase a digital certificate, if you can. Add a physical mail address or a phone number where they can contact you. Anything at all, to give your visitors some peace of mind.
7. Community
Once you’ve received more than just a handful of sales, you should think about starting a community. Making your customers a part of a community, gives them a sense of belonging. Have your community be a part of your product development. Listen to their suggestions. Not only will you get product ideas for your internet business, your sales ratio will increase with every new product release and you will have a loyal customer base.
There you go. Work on these seven keys and you’ll be way ahead of most internet businesses out there on the net today.
About the author:
Bina runs the WebBriefcase at http://WebBriefcase.comau,a site filled with web building tips, tools and tutorials for home business owners. Sign up now for your free video enhanced course on "How to Make Your Own Web Site in 7 Easy Steps" mailto:subscribe@webbriefcase.comau
by: Bina Omar
Starting an internet business can be as simple as opening a Yahoo Store. And as complicated as building your own dynamic e-commerce web site. But no matter how you go about it, you need 7 key ingredients to ensure the success of your internet business.
1. Demand
You can have the most awesome product and the most hi-tech web site, but if you can’t generate demand for your product, your business is doomed from the start. There are many ways to generate demand in the online world. You could advertise in ezines, start an affiliate program, encourage word of mouth, referrals, do joint ventures. Remember, without demand, there will be no sales. And without sales, where does that leave you?
2. Order
When you start getting visitors to your web site, it’s now just a matter of turning them into your customers. Okay, maybe it’s not as easy as it sounds. This is why, once your visitor has decided to become a customer, you have to make sure that it is easy for them to do so. Make sure that your ordering process is easy and straightforward. The less clicks to secure an order, the better.
3. Payment
This is one process of your internet business that you’d definitely not want to get wrong - how money is actually transferred from your customer to you. The most popular means of doing this online is through credit card transactions. Credit cards makes full use of a person’s ‘buy now think later’ attitude. So, your sales would be a lot higher if you accepted credit cards than if you didn’t. This doesn’t mean you shouldn’t have alternative methods. The more payment methods you offer, the easier your customer will find it to pay for your product.
4. Fulfillment
After payment has been made, don’t make the mistake of thinking that the coast is clear. There’s still the matter of delivering your products. If you sell digital products, it is now normal standard to have it delivered instantly. People now expect this, so make sure you set this up. If you sell physical products that needs physical delivery, make sure that you communicate with your customer every step of the way. Ensure them that their goods are on the way. If possible, send them a means to track the movement of their package. Your customers should never feel insecure.
5. Service and Support
Once the sale has been made, it doesn’t stop there. You have to provide excellent customer support. Your internet business customer support will determine, to some extent, whether your customer will request a refund and whether or not they will make repeat purchases. Support abilities of an internet business is getting more and more efficient. So don’t get caught behind. The least you should do is provide timely e-mail support. If you have a busier site, then consider other support methods - online helpdesk, FAQs, live chats, ticket system, knowledge base ….
6. Security
The Internet community is getting more aware of what to look out for in order to protect themselves from many of the net’s less desirable activities. One of which is e-commerce frauds. It is, therefore, up to you to prove to your visitors that they can trust you. Things like using secured server to process payments, can go a long way. Purchase a digital certificate, if you can. Add a physical mail address or a phone number where they can contact you. Anything at all, to give your visitors some peace of mind.
7. Community
Once you’ve received more than just a handful of sales, you should think about starting a community. Making your customers a part of a community, gives them a sense of belonging. Have your community be a part of your product development. Listen to their suggestions. Not only will you get product ideas for your internet business, your sales ratio will increase with every new product release and you will have a loyal customer base.
There you go. Work on these seven keys and you’ll be way ahead of most internet businesses out there on the net today.
About the author:
Bina runs the WebBriefcase at http://WebBriefcase.comau,a site filled with web building tips, tools and tutorials for home business owners. Sign up now for your free video enhanced course on "How to Make Your Own Web Site in 7 Easy Steps" mailto:subscribe@webbriefcase.comau
Monday, August 20, 2007
How to Buy Wholesale Store Fixtures for Your Business
How to Buy Wholesale Store Fixtures for Your Business
by: Jimmy Sturo
It may sound funny, but honestly, if you’re opening up your own retail store the last thing you’ll ever want to do again for the rest of your life is buy anything retail -- especially if it’s for your own store. Buying your store fixtures wholesale is not only mandatory it’s a last resort after you’ve tried buying antique fixtures at a fraction of the cost. Even if you’ve hired a top-notch retail store designer, he or she should be buying your fixtures and other materials at prices even better than wholesale. The designer should be charging for his services and not making a markup on the raw materials.
If you’re setting up your store by yourself, you have to shop around to know the best wholesale prices to pay for your fixtures. But expect to pay full price for the design and manufacture of items that must be custom-made for you. For example, if you want a certain look imitated in a new material you can expect to pay a premium for that service as well. But if your tastes are not too esoteric and if your product can be handled tastefully in a variety of attractive displays you should have no trouble finding the right fixtures at the right wholesale prices to fit your budget. Research and flexibility is the key here. After all, whatever it is that you are selling, you wouldn’t pay retail for it, so why pay retail for the fixtures?
There are numerous store fixture wholesalers in and around every city in
America. There are enough stores in existence in any major city and enough new ones opening up to make the wholesale market for fixtures a healthy and competitive one. Visit them, get their catalogues when you are planning the look of your store and ask them about closeouts and discontinued items for sale. Their business, like yours, changes with the seasons, the trends and technology. Give yourself time to make your purchase and you may end up getting the fixtures you’ve been wanting at prices even better than you expected.
About the author:
Store Fixtures Info provides detailed information on metal, antique, wholesale, and used store fixtures and store fixture parts. Store Fixtures Info is the sister site of Mannequins Web.
by: Jimmy Sturo
It may sound funny, but honestly, if you’re opening up your own retail store the last thing you’ll ever want to do again for the rest of your life is buy anything retail -- especially if it’s for your own store. Buying your store fixtures wholesale is not only mandatory it’s a last resort after you’ve tried buying antique fixtures at a fraction of the cost. Even if you’ve hired a top-notch retail store designer, he or she should be buying your fixtures and other materials at prices even better than wholesale. The designer should be charging for his services and not making a markup on the raw materials.
If you’re setting up your store by yourself, you have to shop around to know the best wholesale prices to pay for your fixtures. But expect to pay full price for the design and manufacture of items that must be custom-made for you. For example, if you want a certain look imitated in a new material you can expect to pay a premium for that service as well. But if your tastes are not too esoteric and if your product can be handled tastefully in a variety of attractive displays you should have no trouble finding the right fixtures at the right wholesale prices to fit your budget. Research and flexibility is the key here. After all, whatever it is that you are selling, you wouldn’t pay retail for it, so why pay retail for the fixtures?
There are numerous store fixture wholesalers in and around every city in
America. There are enough stores in existence in any major city and enough new ones opening up to make the wholesale market for fixtures a healthy and competitive one. Visit them, get their catalogues when you are planning the look of your store and ask them about closeouts and discontinued items for sale. Their business, like yours, changes with the seasons, the trends and technology. Give yourself time to make your purchase and you may end up getting the fixtures you’ve been wanting at prices even better than you expected.
About the author:
Store Fixtures Info provides detailed information on metal, antique, wholesale, and used store fixtures and store fixture parts. Store Fixtures Info is the sister site of Mannequins Web.
How to Make Money in the Golf Industry
How to Make Money in the Golf Industry
by: Seb Jay
The golf industry is a multi-billion dollar market with a global presence. It is responsible for the employment of many tens of thousands of people around the world, and it provides pleasure to millions who love to play or watch the game of golf.
From the management of international golf clubs to the sale of golf-related products, there is a vast array of business opportunities to be found in the golf industry. If you own or manage a business related to the golf industry then you'll already know what it takes to stake a claim to a share of this market.
However, if you're just starting up a golf business or perhaps your golf business is not generating the revenue that you originally envisaged, your next (or first) move should be to power-up some joint ventures.
The Power of Joint Ventures in the Golf Industry
Joint ventures are a very powerful concept in any business. In the golf industry joint ventures can boost sales, create multiple streams of income, help you launch a new golf product and provide you access to a greater proportion of your target market. Not only will joint ventures propel your golf business towards success than knows no bounds, but they give you the potential to achieve personal wealth too!
So, just how do joint ventures work in the golf industry? Here are some suggestions on how joint ventures can generate massive growth for you and your golf business.
1) Sell another company's golf products: Why not utilize the customer database that you have and arrange a joint venture to sell another company's golf-related products to your clients in exchange for a share of the profits? This way you expand your product range and generate more revenue with minimal effort.
2) Sell your golf products through another company: Joint ventures work the other way round too! Why not establish joint ventures where other companies sell your golf products for a slice of the commission? This way you could break into new geographical markets with your golf products and access more clients.
3) Swap resources: Joint ventures can provide your company with access to resources owned by other companies. These 'resources' could be anything from manpower and sales know-how to storage space and state-of-the-art machinery. Basically, anything you need to maximize your sales efforts. In return you could offer the company access to your customer database or advertising space on your web site.
4) Diversify: All successful companies do it! Diversification, whether through product range or customer type, is the key to long-term business success. Joint ventures allow you to find business partners through whom you can bring diversity to your business.
To find joint venture partners visit http://www.jvbase.com
About the author:
Content is provided by Seb Jay on behalf of http://www.jvbase.com
by: Seb Jay
The golf industry is a multi-billion dollar market with a global presence. It is responsible for the employment of many tens of thousands of people around the world, and it provides pleasure to millions who love to play or watch the game of golf.
From the management of international golf clubs to the sale of golf-related products, there is a vast array of business opportunities to be found in the golf industry. If you own or manage a business related to the golf industry then you'll already know what it takes to stake a claim to a share of this market.
However, if you're just starting up a golf business or perhaps your golf business is not generating the revenue that you originally envisaged, your next (or first) move should be to power-up some joint ventures.
The Power of Joint Ventures in the Golf Industry
Joint ventures are a very powerful concept in any business. In the golf industry joint ventures can boost sales, create multiple streams of income, help you launch a new golf product and provide you access to a greater proportion of your target market. Not only will joint ventures propel your golf business towards success than knows no bounds, but they give you the potential to achieve personal wealth too!
So, just how do joint ventures work in the golf industry? Here are some suggestions on how joint ventures can generate massive growth for you and your golf business.
1) Sell another company's golf products: Why not utilize the customer database that you have and arrange a joint venture to sell another company's golf-related products to your clients in exchange for a share of the profits? This way you expand your product range and generate more revenue with minimal effort.
2) Sell your golf products through another company: Joint ventures work the other way round too! Why not establish joint ventures where other companies sell your golf products for a slice of the commission? This way you could break into new geographical markets with your golf products and access more clients.
3) Swap resources: Joint ventures can provide your company with access to resources owned by other companies. These 'resources' could be anything from manpower and sales know-how to storage space and state-of-the-art machinery. Basically, anything you need to maximize your sales efforts. In return you could offer the company access to your customer database or advertising space on your web site.
4) Diversify: All successful companies do it! Diversification, whether through product range or customer type, is the key to long-term business success. Joint ventures allow you to find business partners through whom you can bring diversity to your business.
To find joint venture partners visit http://www.jvbase.com
About the author:
Content is provided by Seb Jay on behalf of http://www.jvbase.com
How to Start Your Home Based Business and Quit Your Day Job
How to Start Your Home Based Business and Quit Your Day Job
by: Charles Fuchs
Ever dream of leaving that daily commute, nagging boss, and finding your freedom in running your own home based business? Can’t wait until the day you can walk out the door and work at home? Well, the key is finding the right home based business that will allow your dream to become a reality, and quickly.
No one wants to feel forced to stay in a job they do not like. If you already have a part time home based business that you believe can make you enough money, go for it. However, if you have no idea what to do in your business, then you first want to find a home based business that will pay you a continuous residual income on a monthly basis. This way you do not have to stress about selling enough to live on each month.
You will also want to find a consumable product for your home based business. Some of the most lucrative businesses are those in which the consumer needs to replenish a supply of it on a monthly basis. This way you only have to build a small base of repeat consumers, and you don’t have to work so hard to build a new consumer base.
Also, you will want to find a product that is easy to market. Complicated products are hard to sell, because consumers don’t want to think that hard about what they are going to purchase. Make sure that the service or product your home based business is selling is not only simple to understand but reliable and easy to use. People want to buy a product that will work on a regular basis. Create a great reputation for your home based business by choosing a quality product.
Selling an exclusive product or service is key to making money in your home based business. If it cannot be found anywhere else, you’ve found your niche. Make sure your clients feel like they just have to get the product or service from you. Many companies start up and sell a product that people can find almost everywhere. Find your uniqueness in your home based business product and use it to your advantage.
Hard work and a great product are two components that spell success for the home based business owner. One without the owner makes success very difficult. Find your niche. Then sooner than later you’ll be able to put in your notice and find your financial freedom in your home based business.
About the author:
Copyright © Charles Fuchs is an established online marketer who specializes in helping people start their very own Home Based Business. Download the Free Home Based Business Manual Absolutely Free (a $97 Value!). Free Information: http://www.home-based-business-world.com/
by: Charles Fuchs
Ever dream of leaving that daily commute, nagging boss, and finding your freedom in running your own home based business? Can’t wait until the day you can walk out the door and work at home? Well, the key is finding the right home based business that will allow your dream to become a reality, and quickly.
No one wants to feel forced to stay in a job they do not like. If you already have a part time home based business that you believe can make you enough money, go for it. However, if you have no idea what to do in your business, then you first want to find a home based business that will pay you a continuous residual income on a monthly basis. This way you do not have to stress about selling enough to live on each month.
You will also want to find a consumable product for your home based business. Some of the most lucrative businesses are those in which the consumer needs to replenish a supply of it on a monthly basis. This way you only have to build a small base of repeat consumers, and you don’t have to work so hard to build a new consumer base.
Also, you will want to find a product that is easy to market. Complicated products are hard to sell, because consumers don’t want to think that hard about what they are going to purchase. Make sure that the service or product your home based business is selling is not only simple to understand but reliable and easy to use. People want to buy a product that will work on a regular basis. Create a great reputation for your home based business by choosing a quality product.
Selling an exclusive product or service is key to making money in your home based business. If it cannot be found anywhere else, you’ve found your niche. Make sure your clients feel like they just have to get the product or service from you. Many companies start up and sell a product that people can find almost everywhere. Find your uniqueness in your home based business product and use it to your advantage.
Hard work and a great product are two components that spell success for the home based business owner. One without the owner makes success very difficult. Find your niche. Then sooner than later you’ll be able to put in your notice and find your financial freedom in your home based business.
About the author:
Copyright © Charles Fuchs is an established online marketer who specializes in helping people start their very own Home Based Business. Download the Free Home Based Business Manual Absolutely Free (a $97 Value!). Free Information: http://www.home-based-business-world.com/
Saturday, August 18, 2007
Jumpstart Business
Jumpstart Business .
Gateway to motivation to build your own Business and guide starting up your own business.
Business information own start,
How to start your own business?
Start your own business,
Start your own business idea,
Start your own internet business from home,
Start your own internet business,
What you need to start your own business?
Welcome and enjoy your self for searching information.
Gateway to motivation to build your own Business and guide starting up your own business.
Business information own start,
How to start your own business?
Start your own business,
Start your own business idea,
Start your own internet business from home,
Start your own internet business,
What you need to start your own business?
Welcome and enjoy your self for searching information.
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