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  • Archive for the 'Home-based business' Category


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    Manage Your Business – Manage Your Time
       July 4th, 2008

    When you start working from home, for example selling things on eBay (any sort of products you find or prefer to promote online), you become a boss for yourself. It means that you are free to choose how to spend your working time, but it also means a great amount of responsibility, responsibility before yourself. The most difficult thing in the working-from-home process is to organize your time. The secret of successful people is in knowledge how to spend their time without loosing it.

    When you work from home, you are in charge of your business. It’s up you to find the clients and to deliver your services to them. It’s up to you to collect the money, pay the bills and make the office run. You should be aware of how to organize everything in order your business not fail but become flourishing. If you want to manage your business, you are to manage your time. The following 4 tips will help you take charge of your time and make the most of it.

    1) First of all, you should have a plan which you are to follow without any indulgences. You should schedule your days, and literally stick to your schedule. Allocate particular times for particular activities. Mind that if you don’t have your own schedule, you will almost definitely wander without any purpose and waste the whole day without really accomplishing anything; or you will forget something important what you were going to do.

    2) Secondly, you are to make a to-do list every day and don’t forget to cross off everything that you have accomplished. If something is left unfinished, you are to transfer it to the top of the next day list. A to-do list is the best thing to stay focused and concentrated and to manage to do everything in time.

    3) Set aside time to market yourself. Promoting your business is essential, so schedule time for whatever it is that you do to bring in new customers. Use, for example, the first hour of the day to make phone calls to potential clients, send out emails, etc., before you get busy with all your other business.

    4) Assign a special place (your working place so to say) where you will dedicate your time only to your business. Better it will be a separated room where you won’t find all the distractions to your business: the kids, the fridge, the TV, the solitude. Don’t allow these things to penetrate your place when you are working. Explain to your family that your workspace is different from your home space and don’t allow them to disturb you when you are ‘at work’.

    Following these simple tips you will be able to organize your working time and become profitable in home business. And if you organize your time according to your needs, you will have an opportunity to achieve your goals.

    Product Sourcing Techniques: Industry Publications
       April 15th, 2008

    Being an online retailer requires a good command of the industry, the insights of it. But where can one learn about that stuff? One of the best solutions is reading industry publications. This source can help you learn how to market the products and make up the product lines according to your customers’ requirements.

    Some words about Trade publications

    First of all, what’s a trade publication? According to Lisa Suttora (WhatDoISell.com), it is:

    A trade publication is a magazine, newspaper, or even email newsletter that is written specifically for industry insiders.”

    A trade magazine supplies you with a great amount of extremely important information:

    • Product lines that are being sold
    • The ways of successful marketing of the products you are dealing in
    • Reports on what is selling good at the moment and what is likely to be popular in the near future
    • All the upcoming industry events
    • Contact Information of suppliers (as you already know this information as well as the choice of the right wholesale suppliers can be crucial for you business)
    • The new products the manufacturers are likely to come up with
    • All the latest trends and tendencies in the industry

    Rely on your knowledge

    No matter what industry you are into, each has its own publications which are as a rule available only to subscribers. Some of these subscriptions come for free, others cost money. But even if you pay a monthly fee you can still save a lot of money by learning from others’ mistakes instead of doing your own ones. In order to find these industry publications you can run a Google search under “trade publication” or “trade magazine.”

    Does it really give me a competitive edge?

    Of course if does! Reading such publications ones gains valuable knowledge on the structure of his business and his/her sourcing choices become more conscious than blind. You can learn all the latest trends beforehand and thus have a competitive edge over your competitors.

    Perfect Product Sourcing

    Trade publications help you make the product lines more versatile. The give you a clue on how to make the selling strategies and tactics more effective.

    Suttora continues:

    You’ve got to look at all the ideas available for different kinds of products to sell. You can’t do that in a vacuum—you need a system to help you have creative ideas.

    Christmas Sales Begin – Now Sale: The Secret of Seasonal Demand
       March 15th, 2008

    If you are an online retailer you simply have to know that any product (no matter if it is a needle or a highly sophisticated multimedia system) has its own life cycle. It means that during a year there is always a time when it sells highest.

    It works like this: at the beginning of such a time a few early buyers come, then come all the bulk of clients (suppliers as a rule run out of stock and the prices for the good rise), then gradually the demand falls.

    Here, at Dropshiparea, we try to help you find the best wholesale suppliers, but we can’t create your online business web site for you. You need to thing the matter over and do your best to create a user-friendly interface and a worthy customer service.

    If you want to be a successful online retailer you have not only to be aware of these cycles but try to predict and anticipate them. There are a few tips that can help you do that:

    1. Keep it going

    If you want the sales volume to maintain at the same level you have to be ready for the pick season. Prepare the seasonal products for early shoppers while other products might become less popular (the end of their season). If you find the right balance of new and old products you are likely to keep your income rising.

    2. Prepare for the season in advance

    Let’s hear what Lisa Suttora (from WhatDoISell.com) has to say:

    The advantage to having your products ready several months before a holiday season is you capture the early bird buyers…You’d be amazed how many people shop months in advance of a holiday.”

    So what conclusion can you make out of her words? Don’t wait for the season proper to phase in new products. Do it two of three months in advance. In this case you will have a competitive edge over your competitors.

    Another opportunity that you get by the early promotion of the product – search engine benefit. If you phase in a new product earlier search engines are more likely to find your page faster than the pages of your competitors.

    3. Promote what you have

    Seasonal variations of demand doesn’t really mean changing the entire product line. You can use your creativity and make the clients believe that some of your products are seasonal ones. You can try to create various bundles – people who are looking for fast purchases are likely to appreciate it and buy.

    4. Don’t forget about your store

    Again let’s listen to Suttora once more:

    Your sales don’t have to drop. Evaluate what you’re selling and how you want to position it—freshen up the look of your site. You’ve got a whole new group of buyers coming in [with each new season], so you want to be ready for them.”

    It means that you have to make your online store season-focused.

    Recommended:

    8,000 Pre-Screened Legitimate Wholesalers

    You are currently browsing the archives for the Home-based business category.

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