Posted on Jan 27, 2012 in Business Ideas
You will always have more people that turn down your offer than actually buy. They might not have bought because of your price, payment options, or any other possible reason. You will just end up loosing all these potential lifetime customers. However, there are many ways you can minimize
the loss of these prospects.
One way is to accept barter offers for your product. Maybe the person can’t afford to buy your product. They may have something you could use in your business or personal life. If the barter deal isn’t fair enough, either of you could add in some cash. You may not make money but, they might buy other products you offer.
Another way is to include a negotiation offer at the end of your ad copy. Tell your reader if there is something they don’t like about your offer, they could contact you and negotiate a different buying offer. They may not like your price, guarantee, shipping methods, payment options, etc. You can gain a potential lifetime customer by being flexible with your offer and negotiating instead of loosing
them.
A simple way to attract lifetime customers would be to give people a freebie. The freebie should be related to the other products or services you sell. You may not be getting paid for the freebie, but you will get a lot more people using one of your products because it is free. If they are impressed by your free product there is a high chance they’ll buy your other products in the future.
The last way is to sell your product at the price it costs you to produce or buy it. You will usually sell more products at a lower price than your competition which equals more potential lifetime customers. You will break even in cost but you’ll make your profit from the upsell and backend products you sell your lifetime customers.
Quote of the Day:
A man’s mind may be likened to a garden, which may be intelligently cultivated or allowed to run wild; but whether cultivated or neglected, it must, and will, bring forth…
Just as a gardener cultivates his plot, keeping it free from weeds, and growing the flowers and fruits, which he requires, so may a man tend the garden of his mind, weeding out all the wrong, useless, and impure thoughts, and cultivating toward perfection the flowers an fruits of
right, useful, and pure thoughts. By pursuing this process, a man sooner or later discovers that he is the master gardener of his soul, the director of his life. He also reveals, within himself, the laws of thought, and
understands, with ever-increasing accuracy, how the thought-forces and mind-elements operate in shaping his character, circumstances, and destiny.
Posted on Jan 27, 2012 in Business Ideas
Wealth is more than money. It’s abundance, or as the Italians call it, “abbondanza,” plenty, overflowing supply.
Wealth is health and happiness, enjoyment and learning, opportunity and growth.
When we move beyond a narrow definition of wealth, we find loving, caring, and sharing bring us the good things we want from life.
Loving is much more than an emotion. It’s an attitude of accepting ourselves and others unconditionally. It’s a willingness to look beyond criticism, blame, and even fear, and to fully appreciate ourselves and others
Once we can focus on the good in people, then we develop an affability and tolerance that brings us peace and success in relationships.
This loving then expresses itself as caring. We start caring for ourselves, and we start caring for our family and relatives, and we start caring for our colleagues; and pretty soon, we’re able to be kind and compassionate with strangers.
At this point, money, too, will start to show up. Why? It’s because more people want to do business with us. We gain confidence through our self-love and trust through our open and spontaneous relationship with others. If you’re employed, you’ll start to attract attention as someone to promote; if you’re an entrepreneur, people feel attracted to buy your products and services because they can see that you’re someone with quality.
When your attitude of goodwill and your financial wealth reach a certain threshold, you’ll feel an impulse to outflow your good. Those who hoard build a scarcity-mentality, and just like Scrooge the ghosts of repercussions will haunt you to spread your wealth and help those who need a hand in getting to a better place in life.
Generosity, interestingly enough, will not impoverish you, but it will enrich you. And I’m not just talking about feeling good. More money will start to show up in your life from the most unexpected sources. Many of the richest people on the planet have given with a big heart, and they find that their wealth actually expands.
If you aspire to wealth, you’ll find that you can start exactly where you are now. Starting with an attitude change will begin the process. Loving creates caring, caring creates sharing, and along the way, as you win friends and influence people, wealth, in financial terms, also shows up. Success begins with your willingness to love others.
Posted on Jan 27, 2012 in Business Ideas
As a business owner, are you at a point to sell your company? It is never an easy decision to part ways with an organization as you have poured your blood, sweat and tears into your company. It is your livelihood and when the time comes to finally reap the financial benefits of your business, making the final steps to sell your business can be a bit challenging as an unknown process. Keep in mind that selling your business will take time and work but consider this your very last hard working deed you will need to complete in order to secure your financial future.
The first and most important step in the process of selling your business is to obtain a professional business valuation on your company. A business valuation offers a crystal clear picture of where your business stands today as well as understanding of the current market worth. While a business valuation is not required to sell your business, completing a business valuation offers a realistic picture of your company worth and fair selling price.
Many factors are involved when it comes to selling a company; if this is your first time selling a business have an expert financial professional offer advise so you have the upper hand in the deal. A business valuation will provide a comprehensive overview of your business through neutral perspective to assist in determining the fair market value of your business is. By scrutinizing the business’ financial records, company assets, past and future current market trends, as well as tax data, you will have a very clear picture of expectations when selling your business.
Prior to selling your business, ensure your books are accurate and in order. Having a well-organized set of financials will help to speed up the sale of the business. Make sure your data is error-free and provide the most accurate information possible.
Ensure that you have a succession plan in place. Your senior management helps run the business on a day-to-day basis and they are key players in the success of your business. Determine what will happen to them when you leave. Will they stay and continue to run the day-to-day operations? Even having a temporary plan in place will offer greater chances in selling the business. Include everything in writing to help protect your staff that is staying. A succession plan is critical when selling a business.
Lastly, keep the sale as quiet as possible. By letting the cat of the bag so to speak can cause a series of negative events. From your competition finding out, to your employee’s learning of a potential sale to your customers, this information leak can wreak havoc on the potential to sell your business. Keep information tied to the sale of your business as confidential as possible. Start with the first step of the process and obtain a business valuation for your business today.
