In order to locate products that sell online, we need to understand what people already want to buy. Finding a good choice of idea or product is always accompanied by interfacing the demand for the product in the current market and the level of competition or market share that the product will be having in the long run.
What should I sell? What products are hot selling? These are the questions most people are trying to find an answer in order for them to make the definite decision. And if we really want to know the answer to this question, our only choice is to do some research. There are all kinds of twists along the road that may lead you to think you have a high-demand idea. We must be able to understand and satisfy the need, wants and expectations of our customers on a certain product that theyre trying to buy. This three are called the basic needs or minimum requirements in a purchase. Needs are the basic reasons or the minimum requirements consumers are looking for in a product or service. They are called the qualifying or gatekeeper dimensions in a purchase. Wants are the determining dimensions among many choices. Expectations, on the other hand, are values or intangibles associated with a product or service. Expectations are actually part of wants but they become extremely important when products or services are not differentiated.
For example, in reading a logic book, university students look for the following: Relevant logic concepts use of simple language, easy to understand and affordable prices. These similar ideas can be applied to Internet Sales as well. After all, the Internet is just another place to sell products. The basic concept of demand is the same there as it is anywhere else, and has been all the time.
Now, the second thing that must be considered in finding hot products to sell are the level of competition or the market shares do your product will have. Market share or level of competition means the ratio of your brand sales versus the total market sales. While companies would naturally define its target competitors, it is actually the consumers who ultimately decide the competitive frame, or the list related products or services that consumers consider when exercising their purchasing power. We must therefore choose the market segment where we can have a potential leadership or at least a strong challenger role. Because the overriding objective of getting into this business is not just to satisfy the needs and wants of our customers but to do so profitably better than his competition. Otherwise, our competition will end up satisfying the customers better than our own interest.
Third factor to be considered in finding hot selling products is finding out the general interest level about the product. General interest in a product helps us to gauge where our demand and competition numbers fall into the big picture. Simply saying, if there isnt much demand for the product, and there isnt much competition, it would seem that it might not be good a good put up for sale. But the research doesnt stop here; there is one last thing to be considered to exactly find the hot selling products that youve been looking for. We must also learn how others are advertising those products. If there are a good number of them doing so, it may mean that its a good product to get into. Coming to the last phase of the process is analyzing and evaluating all the information that has been collected. We have to look at all of the data we have collected on demand, competition, and advertising, and make decision as how they all balance out.
And here are several factors or aspects that must be measured: (a) not enough demand means not enough people are going to buy (b) too much competition means not enough of a profit to go around (c) too much advertising drives up the price of pay per click ads, and competition as well (d) not enough general interest, combined with low demand, means there may not be a good market even if there is competition trying to make the sales.
Venture capitalists are people willing to invest huge sums of money in a proposed or existing business in exchange of future profits and, in some cases, a share of interest in the business. If you believe acquiring venture capital is the best way to come up with funds for your business then here are a few tips to help you out.
Venture capitalists are entrepreneurs. Theyre willing to take reasonable risks for a business, but before they do that, they need to see that youre completely devoted to the success of the project. Professionalism is a requirement with them, not an option. You need to prove to them that youre taking the project seriously and to do that, youll need to put your convictions in writing with a business plan.
Venture capitalists are not generally as soft-hearted as angel investors. They wont like it if you waste their time. Never submit to them a less than stellar copy of your business plan. It must be polished to the hilt, clearly and concisely written, and it must be convincing at all costs.
Make sure your presentation is just as polished. You should have your presentation ready at least one month before your appointment with a venture capitalist. Invite friends and colleagues, hopefully those who are qualified to give you constructive criticism, to listen to your presentation so that youll get used to making the presentation. Encourage them to ask questions and take note of how you answer them. The same questions could come up later on from your future business partners.
Venture capitalists are more likely to listen to and be impressed with what you have to say if you act and speak confidently. You are not proposing your business for no reason, are you? You believe in it, dont you? If so, speak and act like it.
Be prepared for their questions. They arent just going to take your words at face value and hand over millions of dollars without asking anything. Theyre going to fire one tough question after another and you have to be prepared for it.
No venture capitalist would risk their money for your business if youre not prepared to offer reasonable terms and conditions for your proposed partnership. True enough, youll be doing most of the work but theyll also be putting up most of the money. Venture capitalists will find your proposal more attractive if you acknowledge the value of their contribution.
If youve got all the documents ready then its time to start looking for potential venture capitalists! Unfortunately, theyre not something that you can look up in an online or telephone directory so youll have to do it the old-fashioned way and ask around.
When asking for possible venture capitalists to contact, make sure youre discreet and you dont come off as arrogant or desperate. Use your network to scour them out but dont let everything out in the bag; just give a hint here and there about what you intend to propose and venture capitalists will come sniffing sooner or later.
Now, if you and your future business partner have come to terms, make sure that you read the resulting contract several times before signing anything. Better yet, have your lawyer double check the fine print. This isnt a matter of trust but simply a wise precaution any sensible businessman would take. If nothings amiss then congratulations! Youve got venture capital for your business.
You’ll need to be a very creative and resourceful entrepreneur indeed if you want to start a business with no funding. Although there are a few businesses that you can realistically put up with little or no money, most opportunities do require that you have startup funding at least. One of the best ways to do this is through a loan. But where to find one and how? Here are ways you can use:
Prepare a business plan.
A loan is something that only serious entrepreneurs should look into. Make sure you have a solid business plan ready. Most lenders will probably ask you for one during the application process.
Decide on how much you need.
Your business plan should include an estimate of your capital needs and expense. This should give you an idea of where to start to look for a business startup loan.
Look for possible sources of loans.
If you need money for a business startup, don’t just go and jump at the very first opportunity to get a loan. Many times, it might not even be a good opportunity for you. Consider first how much you need, what you can offer in return (in case a collateral is required), how much the interest will be and how soon you’ll be able to repay it.
Then, make a list of the sources of loans you can tap. These can include:
Entrepreneurs have traditionally approached banks when they needed loans for their businesses. Other than investing, offering loans at an interest is actually the bank’s way of earning money. If your small business startup needs a loan, a bank is a good place to start.
What you can expect: your banker should be able to assist you in finding the right loan for your business startup. Ask if loans are underwritten at the local level. It will be easier for you to obtain and negotiate for one.
Look for small business loans as well. Not every loan type a bank offers may fit your needs and capability. Besides, a bank that already provides loans for business startups will be more capable of and experienced in handling your unique requirements better.
Small business agencies
Small business agencies are excellent sources of much-needed funding through a business startup loan. These companies often specialize in venture financing so they are more likely to understand your needs. You could also choose from different loan types depending on the amount of money you need.
If your loan is less than $150,000, for example, you’re better off looking for lenders that offer small business loans at a good interest. For larger loans, you might want to look at other loan plans or if necessary, lenders.
There are also loans you can tap for small funding. The MicroLoan Program, for example, lends business owners startup money of $35,000 or less. They are easy to apply for and are excellent in case you need funding to purchase supplies or just for working capital. On the downside, these loans are short-term, so you’ll have to repay the loan amount plus capital within a short period of time.
If your business startup involves short-term work, such as those that are seasonal, cyclical or short-term based, you might consider obtaining special loans designed specifically for your type of business. These loans are perfect for ventures that involve building or construction and could offer you as much as $750,000 in startup loans.
These are just a few of the types of loans you can expect to find in the market. Make sure you fully understand the responsibilities they entail and that you get the right type of loan for your business needs. Choose wisely because a lot of your success as a business owner depends on how you manage the money from these loans.
Depending on the circumstances, you could tap personal loans as the first or last resort when you’re looking for business startup funding. Personal loans can be tricky but if you have a good source, establish a fair agreement and return the money as agreed, it could help give you much-needed money for your business.
Finding a venture capital firm can be a taxing job. Imagine having to go through the profiles of these firms to determine if your proposed company fits their investment criteria, and then having to send your proposal to each of them. This will definitely consume your time and energy, as well as financial resources, without guarantee of favorable results. This explains the need for venture capital consultants.
What exactly do these consultants do? Basically their function is to find a venture capital firm to fund a start up company. But before this, he must know the kind of business that you want to put up. In this way, he will immediately know which firms to contact once you’ve given him your proposal.
This is done by reading the business proposal. You may have written the proposal yourself, or he may draft the proposal for you, for a certain fee. It is advised though that prior to contacting a consultant, your business plan must already be finished.
Aside from the added expense, it is important that you know beforehand what you really want so that the consultant can have something to work on. On the other hand, if the consultant makes the proposal for you, then you are assured that the proposal is attractive, brief and complete, increasing the chances for it to be approved.
During this stage, he must take time to know what you want. He must continue to ask questions not only about financing options but also with other aspects such as system of management and exit planning. A good consultant is someone knowledgeable of the different investment criteria as well as management styles and policies of these venture capital firms.
Next, he must know the exact type of venture capital firm that you want to work with. You may want to work with a firm, an angel investor, or investment banker. He must also be able to give suggestions as to which type of firm would best suit the company or business that you wish to put up.
Some online consultancy firms provide all the necessary help that you will need. They can provide you with checklists, reports and sample business proposals. More importantly, they will help you in your funding application by posting them in their website.
The downside of hiring a consultant is, obviously, the cost. Consultancy firms can charge up to $2,500 for mere consultancy services. Aside from this, there may be other fees that they will charge such as retainer fees and other direct expenses. Some of these companies charge between $250-350 an hour.
Be wary of consultants who tend to give you sweet, enticing words. Chances are, they’re all hype and can’t deliver. Unfortunately, because of the increase of popularity of venture capital financing, many of them have abounded. So take extra care in choosing your consultant. Do some investigation. Instead of choosing freelancing consultants, maybe you can choose one who is employed by a legitimate consultancy firm.
A good venture capital consultant saves your time, money and energy. Choose the best one that you can find. You can find some of the through the internet or by word of mouth.
Some entrepreneurs can give you names of consultants or consultancy firms that offer this type of service.
More and more companies worldwide are seeking venture capital to finance their companies. This is shown by the remarkable increase in the number of investors and firms. Firms spend billions of dollars yearly on these investments. As a result, firms have expanded their network and there emerged this new group called angel investors.
While the firms in the past concentrated on building companies within their geographical area, firms and angel investors have gone international that they are now funding companies in some parts near the Pacific and even as far as Southeast Asia. That is why even if you reside in Honolulu, you can still find angel venture capital.
Angel investors are basically the same as venture capital firms in that they help finance start-up companies. But the similarity ends there. Angel investors are wealthy individuals who are willing to invest personal funds, while firms are sometimes funded by other institutions. They may be composed of a few or more investors, depending on the amount that they contribute.
Their investments usually range from a few thousand dollars to about $2 Million, committing to contribute specific amounts of investment every year rather than to give the amount in bulk at one time. Venture capital firms have higher investments because they can finance up to $10-20 Million.
Firms usually focus on the fields of technology in their investment criteria, while angel investors are open to other industry sectors like software development, production and services. This means that if your proposal is innovative and not technology-related, then there is a bigger chance for you to raise angel venture capital than ordinary venture capital.
While firms may finance companies in their later stages and also in their expansion, angel investors focus more on start-up companies, resulting in a more risky investment.
Because of the higher risk, there is the necessity to yield a higher return, between 20-30%. That is why they are more careful in screening and choosing their investments. Members themselves help in the screening process. Presentations are done in their regular meetings, and it is during such time when they individually decide to invest or not. Application is often a multi-step process. What investors usually look for are companies with a potential growth of 1,000% in 5-7 years.
If you seek angel venture capital, you must have a fully-developed product. Because capital is rather minimal, it must be spent in the actual production and marketing and not on product development or research. A unique, innovative product or service will greatly impress these investors.
Also, show them that you have potential customers. Make a demonstration on how fast the business is most likely to grow. Lastly, find a strong, competent management team. This will give the investors confidence in your proposed company.
Having rather smaller resources than most firms, these investors operate in networks. This is to share the risk among them.
It is estimated that there are 225,000 angel investors and thousands of angel investor networks in the US, and still growing. This means that there are more angel investors than venture capital firms, which are approximately 600. With the many investors available, finding angel venture capital in Honolulu should not be a problem.
Browse through websites, make a few searches. Some angel investors, although not based in Hawaii, do finance companies in this State.
Many freelance writers are beginning to find blogging is one of the newest career opportunities available to them. Blogging is essentially a series of postings on a particular subject which are listed in reverse chronological order. These blogs may be about a variety of different subjects and may be personal, political, informative, humorous or any other category desired by the blogger. However, the key to a successful blog is a blog which pertains to a subject which appeals to a wide audience. Additionally the blog should be updated regularly and should provide useful content to the readers of the blog. This article will provide some information on finding career opportunities in blogging, will discuss the benefits of this type of career and will provide information on how writers can manage a blog successfully.
Finding Blogging Career Opportunities
Although blogging career opportunities are becoming increasingly popular, many writers are not aware of how to find these wonderful opportunities. These career opportunities may be offered as ghost writing positions or as positions offering a byline to the writer and finding these blogging opportunities is often very similar to finding any other career opportunities for writers. Companies seeking a blogger may post the job opening in the same manner in which they would post other openings with the company such as accounting positions or administrative positions. Therefore, writers interested in a position as a blogger should utilize the same job search websites they rely on to find other career opportunities.
Bloggers may also wish to visit career websites and message boards which focus exclusively on careers in blogging. The ProBlogger.net website is just one example of a website dedicated exclusively to putting bloggers in connection with those who are interested in hiring a writer for a particular blog. Interested bloggers should also consider joining message boards for those who blog for a living. This can be beneficial because here bloggers are likely to share information regarding the companies for which they work as well as any information they have about companies who are currently looking to hire bloggers.
The Benefits of a Career in Blogging
There are many benefits to pursuing a career in blogging. Perhaps one of the most alluring benefits to a career in blogging is the work can typically be done as a telecommute position. This is because as long as the blogger has access to the software necessary to write and upload a blog, there is no need for the blogger to perform the work from a specific location. This means the blogger can reside virtually anywhere in the world and can likely perform the necessary work from his own home. However, not all blogging positions are telecommute positions. Some companies may require bloggers to perform the work onsite as a matter of personal preference.
Another benefit to a career in blogging is the ability to accomplish work at a pace which his convenient to the blogger. The blogger may be required to upload a new post to the blog according to a regular schedule but the actually writing of the posts can be accomplished when it is convenient for the blogger. Many blogging software packages enable the blogger to set a specific time for a specific post to be uploaded. This allows the blogger to write several posts at a time and have them publish according to a pre-determined schedule.
Finding Time to Blog
One of the problems which many bloggers face is finding the time to blog. This is especially difficult if the blogger maintains several blogs or if the blogger maintains a current events blog in which posts must be timely in order to be relevant and of interest to the readers. Writing blog posts in batches and scheduling them to publish as needed is one way to deal with managing several blogs. However, writers of blogs related to current events must take special care to budget their time wisely to ensure they are publishing topical blog posts. One way this can be accomplished is by setting aside time daily to reading current events to derive inspiration and then scheduling time after that to write and publish the blog. For example a blogger with a current events blog might choose to review the previous days news the first thing in the morning to ensure they are reviewing all of the relevant news from the previous day before writing the blog post.
Have you ever tried calling a help desk? If you did, you may think that the help desk is located within the companys building. However, because of the availability of high-speed internet access, chances are, you are probably calling a call center building located half way around the world.
A call center is a kind of outsourcing company that companies in the United States are hiring in order to save a lot of money. It is a fact that setting up an in-house call center can prove to be costly. However, you will need to set up a call center in order for your clients to reach your company regarding their inquiries and complaints. If you dont have a call center, your company will find it hard to communicate with your clients.
Therefore, outsourcing a call center is the answer to your problems. Because of the advancement in the internet, it is now possible for companies to hire call center companies or outsourcing companies outside the country. Companies do this in order to communicate with their clients more efficiently.
Outsourced call centers are cheaper in developing countries because the labor is relatively cheap compared to developed countries. There are also plentyl skilled workers in developing countries with limited jobs. So, call centers are one of the best choices for professionals in other countries. This particular job is preferred by a lot of people in other countries because of the high amount of salary which is above their minimum wage.
However, before you hire an outsourced call center for your company, you should first consider the fact that not all call centers are equal in terms of quality and the amount of money they charge. Here are some of the things you should look for in order to get your moneys worth:
Amount of calls answered A good call center should be able to handle large amounts of calls in a single day. Ask the call center on how many average calls they can handle in a single day.
Average call waiting time Find out about the average waiting time before a client can be connected to a call center agent. The shorter time they wait the better.
Average call time It is also important to find out about the average time a call center agent spends in a single caller. It is important to keep the calls as short as possible in order to entertain more clients.
Professionalism of call center agents Try calling the call center and find out if the call center agents they hire is competent enough when handling calls. Call centers are subjected to frustrated callers and agents are prone to be emotionally and physically stressed out. You should find out how call center agents handle the calls and if the information they give you is sufficient and effective. Language skills should also be considered in a call center agent. If they are unable to speak straight, then that call center is considered as incompetent.
These are the things that you should find out about a particular call center. Once you hired an outsourced call center, you should frequently make calls in order to find out if they are indeed doing their job. Outsourced call centers is a great way to save money. If you need a call center for inbound and outbound calls, outsourcing it is a great solution in order to save a lot of money.
Now that youve finished your accounting course, it is time to find an accounting job. A lot of young adults are now wondering where to find the perfect job. They find it very difficult because there are not so many job opportunities out there. But if you only know where to look, you can get a job right away especially if you meet all the job qualifications.
When looking for a job, you should make use of all the available resources like a headhunter or an employment service, the local papers, and of course, the internet.
Consider the following tips when searching for an accounting job.
First step, log on to the internet. Job sites are all over the web and so you can definitely find an accounting job there. Most of the sites allow jobseekers to sort the job openings through location. After that, you can simply search by using accounting as the keyword. If you surf the net, you can also find websites that focus mainly on accounting jobs. These sites can truly help you in looking for the perfect accounting job. If you can find a job online, then theres no need to check out other resources.
If the search for an accounting job online fails, your second step is to check out local papers. Local companies who are in need of accounting graduates will usually post an advertisement in the local paper and not on the internet. This only means that you can also find jobs through the local papers.
Take a close look at the classified ads section. Find the section about accounting jobs and there you have it. Sort through the job openings posted on the paper; get the address of the company, and the requirements. All the necessary contact information should be noted. Remember, you will be applying directly to the company and not an employment agency unless stated.
Are you still not convinced with the local papers? Your third option is to check with a headhunter or an employment agency. Find a good employment agency that can help you in looking for a job. Some agencies ask for certain fees while others offer their services for free. Clients pay these agencies to do the interviewing process so there is a great chance for you to land a job especially if youre qualified. Make sure that you find a reputable employment agency.
So now, have you checked all these resources? Remember to start by surfing the internet because this is the place where you can find a lot of job opportunities. Then, check out the local papers and eventually, check the employment agencies.
Now that you know the three valuable resources of job opportunities, all you have to do now is to exert time and effort in looking for specific job employments and you can already find a career. With a bit of patience, hard work, and dedication, the accounting job that youve dreaming of will soon be a reality.
Good luck in finding an accounting job. Make a comprehensive resume so that your application is easily noticed. You see, every year, different colleges and universities produce accounting graduates. You have to be competitive enough so that you can land a job. If you just sit around and wait, nothing will happen. If you want a job, act now.
If you?ve decided that working as a Wahm writer is the best work at home job opportunity for you, then you?ll need to figure out how to get writing assignments. Fortunately, when you work as a web writer there is no shortage of job opportunities. It all depends on where you look and how much research you are willing to do.Web writing can break down into several different categories. Before you begin looking for work, you?ll have to decide whether or not you want to get credit for your writing. If you insist on byline, you may have difficulty finding a lot of paying jobs. Byline jobs are out there if you look. However, the most money to be made is from working as a web ghostwriter.Many Wahms find success with ghostwriting. When you work as a freelance ghostwriter you provide writing services for clients who will then use the work as their own. Ghostwriting as a wahm is a lucrative opportunity, especially when you focus on web writing. For the most part, the Internet is a text and image based platform. Companies and individuals who run websites constantly need text to make their websites attractive to visitors. Since writing is something that a lot of people would rather not do, this leaves plenty of opportunities for people who love to write.Web writing Wahms need only an Internet connection, e-mail address and word processing program to get started. Your own website is not necessary, but it adds a touch of professionalism to your writing business. However, when you are first starting out you can get plenty of work without having a website. There are several different categories of web writing. When you see the term ?content writing? you will normally be providing text for an existing or new website. Your writing will have to be engaging and clear for website visitors. Article writers concentrate on providing articles for websites, newsletters and blogs. Generally, articles for the web are between 400 and 800 words each. Any more than that is difficult for readers to sit through while looking at a computer screen. Copywriters are challenged with putting readers in the mood to buy. They write copy for Internet sales letters and marketing sites. Ebook ghostwriters provide clients with full-length books on a variety of topics.Wahms who write need to be professional in their online presence. This means spell-checking all writing, including e-mails to clients. It is also a good idea to get an e-mail address that is specifically used for your writing. A personal e-mail address with a goofy handle will make you appear unprofessional. Your first and last name or a combination thereof is a good choice for your web writing e-mail address.Writing for the Internet has a few differences from writing essays in school or writing for print magazines. Readers online have short attention spans, and you?ll need to keep your sentences short and your paragraphs clear. The other difference is the use of ?keywords? in certain writing assignments. Keywords are words that have been selected by your client to be used in the article. These words have been selected because they are Internet search terms and your client wants their website to show up for those search terms. Keyword articles will require you to use the word or phrase a certain number of times in the article. Sometimes it can be difficult to use the words without making it sound forced. Experienced web writers have developed ways to make the keywords flow naturally into their articles.Once you?ve gotten a few web writing assignments under your belt, you can decide what type of web writing suits you best. You can find work on writing message boards, freelance writing job sites and classified ad sites like craigslist. Whenever you apply for a job, make sure to include your contact information and a few well-selected writing samples.PPPPP(word count 652)