Posts Tagged ‘small business’
How to Outsource Your Most Dreaded Small Business Tasks
If you own a small business or online eCommerce site, you understand how difficult it can be to find dependable (and affordable) employees.
If you’re like myself, you operate more like a one man (or one woman) show and do a “little bit of everything”, including customer service, shipping, bookkeeping, marketing, management, and everything in between.
While you’re busy doing these day-to-day type tasks, you just don’t have the time to work on the most important tasks…i.e. marketing your business.
Wouldn’t it be nice if you could offload your most time-consuming tasks, either on a one-time or ongoing basis, to someone for $1 to $4 an hour?
Well, the good news is that you CAN, although maybe not in the same way as you would expect. Typically, you would advertise for the job in your local newspaper classifieds or ask your friends and collegues if they knew anyone that was looking for that type of job.
There are several problems with this method:
1 – You are typically constrained by the employee pool/talent in your LOCAL market
2 – You will need to pay at least the minimum wage (currently ~ $7.25 per hour)
3 – You typically will need to hire the person(s) on a full or part time basis
4 – You will probably need to provide the person with an office to work in, desk, computer, internet connection, phone, and not to mention, paying all the other misc expenses/taxes related to hiring an employee
The good news is that there is an answer! And that answer is…. Outsourcing.
There are several, very specific places where you can go to find talented, hard-working people to do any and all tasks related to running and marketing your small business. In addition, you can employees that are located outside the United States or Europe where you can pay as little as $1 to $4 per hour, depending on the skills that you need.
In addition, not only can you find people to help you with ongoing tasks, but you can also find people to help you with very specific, one-time projects like unique home designs that require skills that you might not even have access to in your local area.
Think about the possibilities!
Kyle Grant runs http://www.eCommerceSiteOwners.com where he offers in-depth articles, downloads, templates, expert audio interviews, and “how to” video training specifically to help online store owners grow your sales and profits…today!
Claim your Risk-Free, 7 Day Trial at http://www.ecommercesiteowners.com/join
How to Choose the Highest ROI Projects to Outsource For Your Small Business
If you’re a small business owner like myself, you already know how important it is manage your (and your employees) time effectively.
There never seems to be enough time to complete all the special tasks and one-time projects that you’d like to, even if you know that they would provide a positive benefit to your small business and sales.
As such, one area that has become increasingly popular with small business owners is that of outsourcing tasks, projects, and in many cases, entire job roles to less expensive contracted providers in different locations around the world.
If you’re not familiar with outsourcing, its basically the process of “farming out” different time-consuming tasks or one time special projects to an outside provider, in a location and at a pay-rate that provides the maximum benefit to the small business owner.
There are a multitude of benefits to outsourcing, and here are several “high-return” projects that you can do, starting today:
Article/Content Writing
You will find that article/content writing is one of the primary items that you need to accomplish to build up traffic in search engines, and to build incoming links to your website. It’s very useful for a variety of things. In addition to rewriting product descriptions, it’s writing short articles, writing blog posts, writing content for your site, and then writing longer articles for posting at the various article directories.
Virtual Assistants
Virtual Assistants are invaluable. They do anything that you ask them to do and are typically very organized. They can do a variety of tasks, and it’s incredible the load they will lift off you.
Customer Service
Over time as your gain additional eCommerce training and your sites grow, customer service becomes a burden – Where’s my tracking number? Why is this product broken? Etc. – All those questions take a lot of human bandwidth. And, even though there’s some automation in place, it still takes a tremendous amount of time to deal with those.
If you’ve ever done customer service for a company, you know that many times it doesn’t allow you to do too much else. It’s a time consuming process. So, that’s one thing that I outsource. Now I don’t have to worry about all the day-to-day customer service calls and emails.
Research
Research is where outsourcing really shines, because it’s easy to provide a very detailed script as to what they’re looking for and the exact format that you want it provided in. If you have specific information that you need to have somebody search on Google for and categorize into a spreadsheet, where it’s more usable outsourcing’s the best way to get it done.
Time Intensive Tasks
One time intensive task is adding products, another might be editing products, another might be link building, and the list goes on. Anything that takes a large amount of time and bandwidth are excellent, either one time, or ongoing tasks, for outsourcers.
Repetitive Tasks
If you are into video marketing at all, you know that there are many video sites where you can submit product videos, or any type of video. You add a title, keywords, a description, you upload the file and then you move onto the next one.
To outsource you just need to create the account, give your outsourcer the videos through an FTP program, and they do it for you. It’s an excellent task for outsourcing.
Using outsourcing in your business can provide a huge ROI, and can many times, be the key component in differentiating your business from your competitors…
Finally, the only way to ensure that you’re receiving the maximum benefits from your outsourcing system is to become educated on small business outsourcing from a reputable outsourcing training institute like EcommerceSiteOwners.com…
Kyle Grant runs http://www.eCommerceSiteOwners.com where he offers in-depth articles, downloads, templates, expert audio interviews, and “how to” video training specifically to help online store owners grow your sales and profits…today!
Claim your Risk-Free, 7 Day Trial at http://www.ecommercesiteowners.com/join
How to “Ethically” Spy on Your Competitor’s Every Move
Are you trying hard to keep an edge on your competitors, but they always seem to be one step ahead of you? You may be exposing yourself, and not even know it. The great news is that your competitors are probably doing the same thing.
For example, if you take one of the freelance type websites, you can see what others (and possibly your competitors) are up to just by going to Google.com and typing in “site:freelancewebsitenamegoeshere.com “keyword phrase”" (without the beginning and ending quotes). You will see all the projects that have that particular keyword phrase (for example “craftsman house floor plan designs“) in the description, just at that site. You can then run that same query on the next freelance site you’re monitoring.
There are several sites that you should monitor on an ongoing basis, including scriptlance DOT com, elance DOT com, and rentacoder DOT com, but there are actually a few others that can provide you with a tremendous amount of informaton.
There are also other ways in Google, where you can go, if you know your competitors website, and type in queries similar to that, basically, constraining it to one of these outsourcing sites.
So, “site:scriptlance.com” will constrain the search in Google to that one site and then, in quotation marks, type in their website URL, like competitorwebsite.com. Example: site:scriptlance.com “competitorwebsite..com.”
You will find all the projects that your competitors are putting out there. If you have any competitors in the industry, which I imagine every single one of us do, this is a great way to have insight into what is going on at their sites, what they have on horizon, and what they are building so you can counteract that, or address that, on your own site.
Conversely, you always want to protect your intellectual capital, and you want to protect any projects that you are currently doing for competitive reasons. There are many ways that you can put a project out there for bid, but protect your information where it won’t be indexed in Google, Bing, Yahoo!, or any of the major search engines. If you don’t do that you are opening yourself up to the same spying.
If you’ve not considered Outsourcing time-consuming tasks and special projects, its something that you should take note of. Finding reliable outsourced providers can decrease your fixed costs and free up your employees to allow more time to focus on more important, revenue-generating tasks such as marketing and promotion.
Outsourcing can provide a huge opportunity whereby you can find the very best providers, for a given task or project, and you’ll typically pay much less than you would if hiring a local part-time employee. Best of all you don’t have to worry about all the ongoing expenses that typically come with a traditional employee. Outsourced providers can be paid on a one-time basis for exactly the work that they complete. Its really a great way to manage the cash flow of your business and you’ll get exactly what you want.
Remove yourself from the day-to-day operations of your small business, website, online store or eCommerce store and outsource today!
Kyle Grant runs http://www.eCommerceSiteOwners.com where he offers in-depth articles, downloads, templates, expert audio interviews, and “how to” video training specifically to help online store owners grow your sales and profits…today!
Claim your Risk-Free, 7 Day Trial at http://www.ecommercesiteowners.com/join
What is the Best Type of LED Sign For My Business?
No matter what business you are in, one thing is certain…you need to attract customers in order to survive. Preferably on a regular basis. In order to attract the customers you need, you must have adequate, attention-getting displays that make you stand out from the crowd.
An affordable LED sign can be used to advertise almost any type of goods or services. Using LED’s to advertise your retail store or department store is smart business. Brightly lit, easy to read LED come in a variety of colors. They can also be found with store specific images, animations, and programmable scrolling displays.
Whether your store offers clothing, toys, or furniture, you can be guaranteed to find the perfect retail LED’s. Even if your store offers goods or services that are a bit unusual, you can find the right sign for you. Custom made signs are our specialty. Some tips for online purchasing? Take your special message and create a useful powerful bit of advertising for your company.
Offices that offer medical and dental services also need bright LED message signs to get them noticed. You can also use an LED sign to advertise your pet related business, such as veterinary and grooming services, as well. In most neighborhoods, several medical, dental, and veterinary offices are usually represented with signage.
The LED identifying your office, may be the ticket to standing apart from the others and getting selected by new clients. Let’s face it. A moving or animated LED sign is the one that gets noticed.
If you cannot find the perfect sign already made, you can easily create your own custom LED. These can be tapered to the advertising needs of your particular eCommerce site, online store, and small business marketing plan. They come in a variety of shapes, sizes, colors, and images, and you can personalize them with your own business name or logo.
No two custom LED business retail signs are the same when they are custom made. The competition will have a hard time keeping up with your unique sign.
You may even want to use a scrolling programmable LED sign to keep your advertising and marketing messages current. These type business LED signs can also be displayed in a lobby or waiting area to advertise specials, sales, or services.
The customers can read the sign while waiting, and in turn you may increase your sales and services. The sign will also keep them occupied so that do not become impatient or bored.
Choose from circular, square and oval shapes just to name a few. Choose a sign with multi colored text and with small or large pixels. You can also choose from signs that can be elevated and are weatherproof.
Best of all, our work is guaranteed so you are always sure to get the sign you ordered. The best type of LED sign for your business is the one that best represents your goods and services. It’s warm, friendly and easy to read.
A good LED sign is one that you can easily use, change and update without relying on the manual every time.
Get your business noticed today with a affordable LED open sign!
Shop for an affordable LED Sign with a trusted online LED sign dealer like Bright LED Signs.com.
How to Choose the Correct Accounting Software for Small Business
One of the best, if not the best, accounting software for small businesses is the one offered by the international Mind Your Own Business (MYOB) software development company. You will find that it is a perfect fit for the needs of small businesses everywhere from Asia and Australia to Northern America and Europe. As long as your business adheres to the generally accepted accounting and auditing rules and regulations, you will find the right MYOB business software for your company. After you have picked out the right small business software package, you can maximize its features by adopting the following tips and hints.
Make Your Source Documents Fit
Yes, the bookkeeping software is designed to make business life easier by doing away with the bulky traditional books of accounts while ensuring that the virtual books of accounts are compliant with government rules and regulations.In breif, you have more time to assign to your business and to growth and expansion plans. However, the Mind Your Own Business (MYOB) accounting software is not a fully-automated robot. Not yet, anyway. Human intervention in the form of data inputs from the source documents – official receipts, purchase orders and invoices, to name a few – is still very much necessary. As such, it will be for the best interests of your company if said source documents fit the bookkeeping software especially in the required fields of information. And said source documents must be filed in a systematic order as an audit trail must be in place.
Sufficient Software Training for Personnel
The success of any installed accounting software rests in the hands of the people who use it on a daily basis. After all, said software will generate information based on the raw data inputted into it by none other by its operators. For this reason, sufficient training of personnel in the use of the software is highly necessary. This should not be a problem as Mind Your Own Business (MYOB) software always has training programs as well as after-sales support available for its small business clients. As much as possible, said training must be given on site so that any glitches that may happen can be resolved on the spot.Plus, it gives your staff the chance to ask questions as these relate to their jobs and roles.
Use All the Features
This is, of course, assuming that you paid for the features that you want instead of paying for features that are relatively useless at present. With that said, using all the features in the accounting software means that you are maximizing your costs. And in this penny-pinching world, it is prudent to maximize money. Just to name a few of the common features of the Mind Your Own Business (MYOB) accounting software, you have the To-Do List that will provide alerts on tasks due in several categories and the Command Center that provides the platform for the various financial transactions to be recorded.
The MYOB accounting software package can answer all your book keeping, invoicing and accounting needs to make your small business smarter in many aspects. However, in order to maximize its potentials, you have to pay attention to the human factor through personnel training, systematic source documents filing and system navigation.
Sometimes a little help can be required when getting your small business accounting system up and running, and often hiring the services of a specialist small business book keeper just to get systems in place and the ball rolling is a good idea.
Turn a Good Idea to a Franchise
There is a saying that goes, “The men who made fortunes in business always precede, never follow, the crowd.” This is true in the franchising industry. At the very core of each franchise, particularly the widely successful ones, is a good idea, distinguishing it from the competition. Indeed, franchising is an attractive and profitable business venture, most especially for small business owners and entrepreneurs.A plausible reason is the ups and downs of the franchise business, depending on the situation.A popular franchise is only as good as the great idea behind it. An example of a good idea that took off is online fast loans. Then, these loans could be gotten from traditional sources such as banks and loan offices. Today, everything is fast and convenient because—from the application process to the release of the money—it is done online in an hour or in a day, depending on the service provider.
About franchising, for more rewarding franchise businesses, good ideas must be coupled with good business characteristics. The first thing would-be business owners or even a group of people who want to get into franchising is to do their homework and study the market. They should determine if the market needs or wants the idea they came up with. To be on the safe side, good business ideas revolve around a staple product, like food stuffs, or services frequently acquired by the general public.It is rewarding to sell a popular product or needed service. This, in turn, helps sustain the franchise business. When this happens, more potential franchisees would be interested to get the franchise offered.
Another thing would-be franchisors and entrepreneurs should ensure is, whatever product or service they conceptualized, it must be affordable to their target market and packaged well. Good prices and great packaging would make any business stand out and help attract loyal customers. For instance, there are many laptops on the market today, even cheap ones, but some people would take out cash loans just to purchase the brand they want. These people are convinced that their particular brand of laptop has the better specifications or the best technical support. A good sign that a business idea could become a great franchise is if it belongs to an industry that has good prospects for growth.The things include health and medical care, food, communications, environment-friendly products, and entertainment. Ideas related these industries are certain to become profitable franchise businesses.
Secrets to Your Small Business Financing Success
The recent economy has been difficult for many, but one pleasant effect of the downturn is the new opportunities for entrepreneurs and small businesses.Big corporations with high costs of operations are downsizing and liquidating, while small business owners are finding innovative ways to fill the needs of their customers left adrift.
However, it continues to be difficult for small business owners to find the financing resources they need to take advantage of the growth opportunities before them.
As a small business finance specialist for over 20 years, I can tell you that the small business financing resources are there. The problem is that in this economic environment, it changes fast and furiously and it is impossible for a small business owner to keep up.
The first step to your small business financing success will be to research the non-bank financing alternatives available to small business owners as traditional bank options are becoming much less available.It may be in your best interest to work with a small business financial advisor who knows the market and the people interested in investing in small businesses.. They will be able to act as your representative with investors and bankers and present you in the best light possible to obtain the small business loan you need.
There are a number of great programs available right now that you might want to take advantage of if you are looking for equipment financing or other financing for your small business.
1. Microloans through the Small Business Administration. The Small Business Administration has recently been advertising several new programs available to the small business owner.I have found them to be similar to other options they have offered in the past, appealing at first leading to a lot of paperwork and cumbersome requirements.
Working through the SBA jungle can be frustrating and damaging to your company’s success if not handled properly.My recommendation is that if you find an SBA Loan would help your company, find a qualified small business finance advisor who knows the SBA requirements to minimize the administrative details for you and ensure the process goes as smoothly as possible.
2.If you need equipment for your small business, there are several options available to lease or buy that equipment for little or no money down. These programs can often provide funding in five days or less.The bad news is that these programs are not well advertised, and once you find them the paperwork is difficult to navigate. Again, a qualified financial advisor can guide you through the financing barriers related to these equipment loans.
3.More and more private investors are looking for alternate vehicles to invest their money in, especially due to the recent performance in the stock market. Good financial advisors have an active rolodex of these types of investors and know what they are looking for from the companies they invest in.
Lenders are looking at different criteria than they did even a few months ago when evaluating a borrower for a loan.Your job is to make sure that your small business shines in the best possible way in the particular areas that lenders are concerned with.
Ideally, you will be able to demonstrate excellent personal credit score and solid financials. Cash flow is key in today’s underwriting environment, and the lenders will be analyzing your ability to repay the loan, as well as historical evidence to support it.Conventional lenders will want to see collateral or a guarantor as well as a secondary source of repayment.
If your credit score or other financial information is less than stellar, you will need a small business financial advisor to work on your behalf as soon as possible.He will consult with you personally to create a lender friendly loan presentation that tells your story in the best possible light in order to get the loan approved.
If it turns out you need alternative private financing to achieve your goals, a great financial representative will be able to match you up with the right resources.By no means, don’t give up on your dreams for your business now.Opportunity abounds for the small business owner in this changing economy and the right financial advisor will be just what you need to achieve your goals.
Scott R. Jordan is a former banker and mortgage broker who uses his more than 20 years of experience to assist small business owners in navigating the complicated lending industry and achieving their dreams. Scott has the resources and experience you need to meet your financing goals. Receive the special report, “9 Secrets Your Banker Never Told You!” by visiting www.YourBusinessLoanNow.com
Starting Your Own Business
Setting up a small business can be rewarding and exciting. However, approximately 50% of new small businesses fail within the first {five years~their initial 5 years}. They fail as a result of a variety of reasons, such as insufficient demand for products and services, poor location, and insufficient funding}.
needn’t be this way though~However, this can be avoided}. With proper planning, a small business can thrive indefinitely. Many factors should be taken into consideration for this to happen. For example, how and to what level will the business be financed? Is the business plan robust? How marketable is the product or service?
One of the biggest challenges facing you is finding sources of funding to get yourself started. Of the financing options, you may want to fund the fledgling business using financial aid from friends, family, or business partners. If that isn’t possible, a small business loan may be required. Each of these should be looked into and valued to determine which is best economically. Be patient, as the initial offers you receive might be unsuitable, and be persistent, as you may find yourself rejected more than once.~}
If you can overcome the issue of funding you then need to analyse yourself. Successful entrepreneurs are hardworking problem-solvers~Entrepreneurs who succeed tend to have similar personality traits}. They are {intelligent, questioning, positive, and enjoy tackling challenges on a daily basis~They enjoy overcoming challenges on a daily basis and are questioning and confident}. In other words, do you have it in you to start and run a small business? You should {sit down and consider the following~Ask yourself at least these questions}:
Are you {a motivated self-starter? ~}Do you have a positive attitude and a strong drive for success? Are you emotionally balanced enough to run a business? How much of your time are you prepared to dedicate? Are you a follower or a leader? Are you adept at planning and organizing? Do you make decisions quickly and efficiently?
If the answers to any of these questions are not what they should be, consider opting for a franchise system as opposed to setting up your own business. Franchising is a business model in which the marketing, branding, and customer base is already established.
Click Here : Starting A Franchise
Ready To Start A Franchise?
Franchises come in all shapes and sizes and provide a multitude of business opportunities. There are hundreds of service orientated franchise businesses, which cover just about every consumer niche out thereplus there are new ones appearing every day.~.}
Picking out the right one is critical to the overall success of the franchisee. Select one which is struggling, or has grown too fast to sustain itself and you risk wasting your time and money. On the other hand, pick one which is on the rise, that has proven methods and plans established, and you can easily become a success.
This part of the franchising process is one that {potential franchisees must undertake on their own~is the sole responsibility of the potential franchisee to get right}. Franchise consultants can help track down information on some of these topics, the choice of which franchise to choose ultimately falls to the franchisee~but their objectivity can sometimes be questionable}. No matter what franchise {industry is under consideration~the particular type of franchise being considered} though, they can be assessed with the answers to the below questions~a sound evaluation can be made by asking the following questions}…
Does the vision of the company match with yours?
How old is the company?
For what time did it operate for independently before offering itself as a franchise business~What length of time did it operate independently before becoming a franchisor}?
What is the brand {position of the company~How is the reputation of the brand perceived}?
What types of franchises are they offering?
How many franchisees are there in the system?
How many multi-unit franchisees {does it own~Of the existing franchises, how many own more than one unit}?
How many franchisees have left the system? Why?
What is the {franchise fee and what does it cover~What is the cost of the franchise and what does it include}?
Is there a royalty fee? If so, ho much is it??
How long is the franchise contract for~What is the duration of the franchise agreement}?
Who {are the people charge of the franchise business?~Who is in charge of the company? What are their qualifications?~Who is in charge of the company? Are there any legal cases pending against them?}
What level of training is on offer? Is on-going support provided?
Which regions are they operating in?
How are material sourced?Can franchisees choose their own suppliers?~}
Does the franchisor offer financial assistance?
Does the franchisor provide real estate support?
How many employees are needed?
Is assistance offered in the recruitment of employees?
How proven is the marketing plan? {What is the marketing support?~~}
Click Here : Starting A Franchise
How Networking Can Help Your Business
The recent economic downturn and the massive layoffs have plenty of people considering working from home. A lot of people realize the hard way that they can no longer rely on corporations to give them jobs and that they need to start a business making money for themselves. This is the reason why starting a home based business or a small business has become very popular. There are so many work from home ideas for people to consider and there are also work at home reviews to help them select the right businesses to start building.
For a small business, the startup costs can be overwhelming. There are many things to do when starting a business such as advertising, marketing, branding, stocking up inventory and the list goes on. While a big company will have a large advertising and marketing budget, a small business usually does not. If you have already decided on what kind of business you are starting, you might want to consider getting the words out about your business by networking with others. You can advertise your business inexpensively by word of mouth. You can talk to your family members and friends and ask them to tell others that they might know about your products or services. By going to events and network with other professionals such as at chamber of commerce meetings, you will be able to meet and connect with people who might want your products or services.
Your brand name is also important. A brand is a name or trademark connected with a product or producer. Brands have become increasingly important components of culture and the economy. If you are working with a brand name product, then people will already have heard of your product and it will usually not be hard to market it to the right crowd. If you have invented something then you might want to protect your proprietary rights through trademark registration. For a business owner to be successful, he or she will need to put in a lot of efforts into the business.