How to Grow your Business Big and Maximize the Overall Profits Maximization is the Key
It is the short run and long run process in any business through which it aims to maximize the profits over the time. As an owner, you have to look after as to what kind of strategy must be formed that could help your business in maximizing long-term profits.
As already defined it to be a whole process which includes multitude of factors directly and indirectly affecting it to achieve the maximum output with the given inputs. This remains the sole aim of profit maximization i.e to get the marginal profit equal to the marginal cost.
This achieves the maximum profit target for any product when the marginal revenue is equal to the marginal cost.
Revenue is the money that any company receives from the business it is carrying on like sale of goods or services.
Fixed and variable costs included together as the total running cost of the business.
In this article we are listing down the 3 P’s that are crucial for any business whether small or large, to maximize its profits which are purpose, partners and proactive approach.
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| How to Achieve Maximum Profits with 3 P’s To Profit Maximisation: |
Let us study these 3 P’s in detail in the light of profit maximization:
Every action starts with a purpose in mind. You must know the need, the reason that’s making you do thing. When starting a business, have a clear mindset, clear purpose as to:
> How can your business serve others?
> Will it have a positive impact on society? ..etc
Everything that forms a part of your business must be purposeful. Be it your business goals, product or service, process & decisions or whatsoever action. There should exist a purpose behind it all.
Having a clear purpose contributes to financial performance as well as branding. It is believed that companies that prioritize purpose grow faster than those that do not.
Though some people believe that money making is the major purpose of any business but to be honest here, with this purpose no business can thrive. This is the reason why businesses have mission, vision & values.
A purpose driven business model makes the employees see a clear picture as to why business exist and motivates them to work towards the accomplishment of goals maintaining consistency in their work which ultimately leads enhanced performance and higher profits. [ Best forums to Discuss and Advertise your Business ]
2. Proactive Approach
In the business world many unexpected situation arises which you might not have even thought of. When you react in that uncertain situation then maximum chances are that of delivering less effective results. The reason behind it is that you don’t get time think how to cope with that situation, what will be the consequences of your action.
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| Proactive Approach |
This is where it becomes important to have:
– a proactive approach that works for your business and handle the situation in the best possible manner to get the most effective solution.
Reacting instantly to some uncertain situation can affect something somewhere in a negative way if not done thoughtfully which may in turn affect the productivity and quality that ultimately will end up ruining profits. Therefore, it is necessary to stay proactive in the business and to have reason for every action taken.
Also, you must lay down all the possible outcomes positive & negative that can occur as a result of the action taken or decision made, so that you are ready to deal with any kind of situation.
Proactive companies are more adaptive and keep themselves updated with on going business trends. Proactive approach helps in utilizing resources the best, makes the business ready to face any challenge and keep it alive.
[Best TED Talk every Entrepreneur Must Watch ]3. Partner
A very unfortunate thing that exist in the businesses is that it fails to realise that before anything else, the partners are humans. In the business world, partners are considered merely as organizations or units. Who is a partner basically? Let us define that first in generic terms.
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| Partner |
If you talk in context of any business then there are considered five main partners which are:
> Customers
> Suppliers
> Investors
> Community
> and above all, the employees.
To put in simple words, a partner is someone who shares something or associates with the business.
[ Look out for this while choosing a right co-founder for your Business ]
Good relationships with each of these segment of partners leads to greater profits for the business.
Employees when happy & satisfied will put in their maximum efforts to deliver the best performance.
Positive customer experiences will increase customer loyalty that will bring in higher revenues for the business.
Similar goes for suppliers, good relationship & mutual understanding helps in obtaining products & services at less prices.
Contributing to community be it local or global helps in increasing the awareness of your business/brand amongst people which also increase your chances of earning more revenue as a result of more customers.
Lastly, talking about investors, then the ones who are focused towards long-term growth & profits must be engaged with as these will help in creating the environment of growth & innovation which will eventually take the business higher.
07 Best Podcasts to Excel in Digital Marketing
Explore the Best Podcast to Excel in your Marketing Strategies and Outshine in your Niche
Marketing is a challenge itself in this dynamic and competitive environment. Not everyone gets success when it comes to marketing, no matter how much money you infuse or what many platforms you use. If this was all that is needed to get success out of your marketing efforts then nobody would have failed on this front.
Somehow everyone would have managed to achieve success but the reality is quite different. Mere hushing in money does not drive traffic. You have to compete and match with the ever changing trends be it marketing platforms, new product, new fashion, changing taste of customers and more.
You have to stay updated & stand out from the crowd of competitors.
1. The Growth Hacking Podcast ( Avanza Growth)
Listen to the Growth Hacking Podcasts
This podcast allows you to listen to seasoned entrepreneurs with the help of which you will get answers to your problems. These experienced individuals speak about the strategies they applied to make their startup grow big. This growth hacking podcast is in the 25 to 45-minute range and you can take a lot from it. The data is all that matters here.
What you take away by listening to these different set of entrepreneurs will help you up your marketing game, giving you great insights on marketing strategies necessary for a startup.
Importance of Content Marketing for Business, Sales and Blogging
2. Growth Everywhere
You might not be pleased with the quality of production of this podcast yet what you will find appealing is the content here. Founders from diverse fields make a part of this podcast talking about their experiences. They will suggest books and strategies that could be useful for.
You have to be a little patient here as initial 10 minutes you might not find interesting as they talk about their companies and what all it does. In fact to be honest here, be ready to bear those advertisements too that promotes their services in between.
Best TED Talks Every Entrepreneur Should Watch
3. Social Media Marketing Happy Hour
Access Social Media Marketing Happy Hour
When the topic of a podcast is decided in advance, there exist no space for unnecessary baseless or useless issues/problem which people hardly have any interest in. The conversation becomes more to the point and logical which if you take a detailed look lacks in an interview.
Now herein there are two hosts Dawn Marrs-Ottiz and Traci Reuter who are very specific and clear about what exactly they want to discuss. When no unnecessary conversation takes place, various different kinds of suggestions can be extracted out of a single discussion. Their way and level is in sink with the latest marketing approaches.
Top 10 Social Media Networking Sites for Businesses
4. Social Media Examiner Show
Access Social Media Examiner Podcasts
Basically it shows the way a topic can be made understood or knowledge about certain topic can be given via small amount of information on that topic. Regularly they take ten minutes to cover a single topic. This podcast doesn’t consume lot of your time and this is the very reason that it could become a good habit of people to gain ideas on new topics everyday and increase their knowledge.
Best Social Media Marketing Tools for Businesses
5. The Art of Paid Traffic by Rick Mulready
Access the Podcast: The Art of Paid Traffic
If used in the right way paid advertising could pave way for great amount of traffic. Although the bitter fact remains that not everyone consider using it as it is paid form of marketing.
Some businesses overlook the great advantage it delivers which is of bringing targeted traffic to the website. This podcasts covers paid promotions of all sorts like YouTube, Twitter Ads, Retargeting, LinkedIn Ads, Google Adwords and most importantly Facebook Ads.
These ads also make a part of your landing page, analytics & more. The duration is for about 30 minutes i-e to the most this podcast would take just your lunchtime; let’s say for that matter.
List of 60 Best Paid Advertising Networks
6. Online Marketing Made Easy by Amy Porterfield
Access the Podcasts: Online Marketing Made Easy
With great production quality, in this podcast Amy Porterfield shares her experiences of running a business, promoting a product. She gives examples of the right and wrong she did or experienced while doing the aforesaid.
What fears us and the questions whose answers we seek for in relation to business are addressed here in this podcast, which makes it worth our time. Even the guests are also invited once in while to share their experiences and this makes a whole lot of a valuable learning experience.
7. Conversion Cast
Direct Access to Conversion Cast Podcasts
Hosted by Tim Paige, every episode of this podcast takes 10-20 minutes. How different startups emerged from their lows to high, how the traffic increased on their sites, how conversion rate improved, how they got more and more subscribers via campaigns and other such things are talked about in these episodes.
You get inspiration, knowledge and great ideas, which you can execute in your own business through this podcast.
Why Businesses Fail? 5 Major Root Causes
Ever try to come across the reasons, the causes why businesses flop?
If we look carefully into the records, the statistics, we will find that most of the businesses have failed within a few years of their establishment.
Why? What lead to this failure?
Is it the lack of leadership qualities, poor management, planning or a wrong strategies?
More and more startups and small businesses that face this loss of not being able to survive in the market. Unless and until we know the causes, the sources that lead to the failure of businesses, we can’t work upon finding solutions.
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| Why Businesses Fail? |
1. Ego & Pride
Along with dedication, commitment & focus, it is humbleness with which great things can be achieved. Although it applied to all but now that we are talking in context of business & entrepreneurs, therefore entrepreneurs must learn to stay humble towards others.
They must learn to listen to the opinions, views & advice of others too. They must learn to take seek help from others in times of need. They should understand that it won’t make you small. Giving & extending help is a way of life.
We see that because of too much ego & pride often we ignore great suggestions, ideas, solutions, advices of people which we later realize & regret.
Grow your Business Multifolds with Word of Mouth Marketing Therefore we must understand the importance of taking guidance & help of the experts, the ones who we know are better & experienced in certain area and not just trying hit & miss method out of not willing to take help.
You never know what opportunity or idea you may miss out on. Remember, ego takes you nowhere be it business or personal life.
2. Market Doesn’t Need Your Product & Service
Another root cause of business failure is that the product or service your business wants to offer has no demand in the market or say it is not needed by the people. Before finally diving into any product idea, do proper research as to whether there is potential demand in the market for the product or are you just going to force your offering in the market (which won’t even work anyway).
Your business cannot survive unless you offer something that satisfies or fulfills any need of the customers, unless the customers see your product as a solution to some kind of their problem.
How to Choose the Right Products to Sell Online?
Useless product or the product which is not required by the people will not let you stay in the market. Eventually you will end up by closing down your business.
3. Poor Cash Flow
The reason we see many entrepreneurs passionate about starting a business because they believe they have idea of the problem that exist in a particular market. There may be some with finance & accounting background (not compulsorily though).
But maximum entrepreneur are not from the finance background or possess finance & accounts knowledge. Which is a major disadvantage for the business.
”A business tends to go slow & shuts down at the end because they can’t pay their bills (in the words of Bill Carmody). ”
Vendors and creditors think only for their own benefit.
How to Negotiate Better Deals with the Vendors?
A company is able to generate profit or not initially or say at any stage/phase of business, they are least bothered. They take interest and care till they are getting paid timely.
It is not because a of the fact that a business not able to make good amount of profit that it shuts but instead it is due to fact that a business is not able to manage its cashflow.
4. Careless Hiring/Wrong Hiring
No matter how successful a business or a brand is, a few bad hires is all it takes to ruin it completely. When a business hires wrong employees, the productivity gets affected which in turn affects the financial condition of the business & simultaneously its reputation.
The chain is connected to each other. On wrong step and the whole organization gets affected. A lot of cost is involved with hiring a new one like their training, development and more.
A bad employee is like a liability, it will only take from you and won’t give you. Your efforts right from hunting for him to its training & other things are a waste if he’s of no good to the business.
A business can come under a huge cost burden with the wrong hires putting the whole organization in a risky situation.
Hiring the right Freelancer or a Remote Worker
5. Inefficiency Of Operations
Everything being sound and apt yet a business fails. Why? No, nothing to be shocked about. It can happen. It has happened to many. The reason is operational inefficiencies. It is this thing which can trap a business in between & not let it grow.
The cost incurred in the form of rent, labour, machinery, machinery, shipping, delivery etc eats up your profit margin leaving no base for a business to survive on.
Figure out How Automation Can Save your Drowning Business
So, in order to not face such a thing, as an owner/entrepreneur you must reevaluate, negotiate & revive the rates, the rates & terms of contracts with the parties involved therein.
Let not yourself suffer the burden. Make sure you don’t get to earn less than what you set as your profit margin as standard after covering all the the operational & other costs.
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| Graphics by Ads2020.marketing |
7 Most Popular Handy Tools for Entrepreneurs for Business Promotion
Popular Tools which the Entrepreneurs Must use to Have All that they Want at a Single Click
Establishing and growing business in today’s scenario has become a lot easier than it used to be before the advent of technology. Today we have tools & techniques to deal with all kinds of work in the simplest way.
Be it marketing, entrepreneurial or other business activities like brand building etc, with the tools available we can work in this direction without wasting time or getting distracted by things and while staying productive.
Let us take a look at some of these tools:
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| Handy Tools for the Entrepreneurs |
List of Online Tools for Entrepreneurship Development:
1. Bright Journey : www.brightjourney.com
This community is growing at a fast pace. It has entrepreneurs that shares their startup knowledge with those who are seeking it to make informed business decisions.
Herein, you ask questions by posting them and these great business minds will answer you the questions.
The best answer gets voted highest by the users which then appears on the top. The knowledge distributed here is if great support to the aspiring entrepreneurs.
> Don’t miss out these 6 Killer Tips for Start ups and Beginner Entrepreneurs
2. AngelList : www.angel.co
For those who are looking for investment opportunities for startups, angel list is the app that goes apt for them. This application introduces you to the prospective investors.
The work of angel list is not confined to presenting you to the investors, also it helps you find the people that might be willing to be a part of your business.
> 3 Common Mistakes Made by the Entrepreneurs
3. Flipboard : www.flipboard.com
Available in more than 20 languages, this app is used by millions of people everyday. It gathers news from around the web at a single place and arranges them into magazine like format so as to make it convenient for you to flip through.
With this application you can keep up on the news, follow topics you are interested in and share stories, videos and photos that you like.
Infact you can also connect Facebook, Instagram, Twitter and LinkedIn to Flipboard and easily flip through pictures and posts from friends. The app is designed for smartphone & tablet.
4. Asana : www.asana.com
Asana is a tool that lets you track the project right from the very beginning to the end while keeping a check on its progress. The responsibilities, the steps to be taken next are clear so that you can easily reach your goal.
From tasks to conversations and rest as mentioned above, asana enables teams to move work from start to finish. You can add tasks to projects to break down your work, communicate with your team via announcement, ask question, comment & get notification.
The app is free for the team up to 15 people. The premium plan charges are $50 per month. Those who want to avail additional benefits can go with premium plan.
>> Have a Look at these Most Popular Mobile apps for the Business Owners
5. Meetup : www.meetup.com
This tool helps people create groups and events by building real and local community. It lets you reach group of people meeting up in real life, those who share your interests.
Meetup allows you to expand your business by helping you find prospects that wants to connect with you. Based on what matters to them, people meetup.
The popular meetups include; Tech Meetup groups, Career and Networking Meetup groups, Support Meetup groups, Photography Meetup groups, Social Meetup groups, Language Meetup groups and thousands more.
6. Skype : www.skype.com
The number one video calling app allows you to communicate with anyone anywhere around the world without any charges applied. You can talk as long as you want to with your partners, team, clients etc.
The most important and interesting feature about this app is that it allows screen sharing option through which you can share your device screen with the other person on call.
You can demonstrate or guide through the screen sharing option. Also files can be shared via Skype so that you do not have to worry about mailing them separately.
Best TED Talks every Entrepreneur Must Watch
Top 10 Video Player Apps like Skype
7. Slack : www.slack.com
It is a real time messaging and file sharing app that helps you get all your communications at one place. It lowers the burden if mailing or fixing up meetings by its instant messaging and one to one as well as group conversations.
All that you shared be it PDFs, spreadsheet, images, documents, messages gets automatically archived so that you can access them whenever you want to. Slack lets you stay productive by saving your time.
As long as you want you can use it for free. For added benefits like increased membership, extended message history, unlimited integrations, file storage and customizable data retention policies, paid plan is available.
How To Negotiate Better Deals With the Vendors : Negotiation Skills
Negotiation Skills are a must for every Business Person or Sales Person: Learn to Grab Best Deals
Be it big or small, all kinds of agencies, businesses get into the negotiation process. Vendors negotiating with customers, business negotiating with other business, partners negotiating with clients and so on.
Every party wants to get the deal done in its own favor. But only a few master the art of negotiating.
Following are some of the traits of a good negotiator:
1. A Good Listener
2. Sensible communication
3. Right reaction Timings
4. Patience
5. Confident
6. Friendly yet diplomatic
7. Witty
Not that negotiation is difficult but it needs practice and being a little diplomat here is not bad.
>>> What are the 7 Psychological Strategy every Negotiator must Know?
One needs to identify the needs of the concerned party and present to them a solution which is beneficial for both the parties. The negotiator should be smart enough to be talking and bringing out the best for the other party while dealings and still be able to get benefited from the deal.
They should be highlighting the benefits of the other party and not much of their own.
>> Learn these worst negotiation mistakes, and never do it again.
In this article we will highlight a few tips negotiating tips which could help you deal in a better way with vendors. Here they are:
1. Always Start Friendly
In the beginning of the negotiation always try to make a connection and establish a good rapport with the other party. Try to find some similarities if you can. The initial few minutes of negotiation will give you the idea of what the outcome will be. Although, it would be difficult to maintain the softness for long yet you can try to stay calm & polite in your tone rather than heating up the negotiation too early.
2. Be Clear With Your Facts & Figures
When getting into negotiation make sure you have done your homework well. With the homework it is meant that you need to do a detailed background research to get your facts and figures right on the topic of negotiation.
Let not the other party beat you down because you are lacking in logical & relevant points to put before. Show them that you know your thing.
Take best advantage of the data and lead!
3. Know What’s Driving Them
Negotiation is not a policy. It’s a technique. It’s something you use when it’s to your advantage, and something that you don’t use when it’s not to your advantage. ~ John Bolton.
Unless & until you know what’s pushing them into this negotiation, you cannot convince a vendor.
Are they price sensitive? Or Is it that make sale is important to them?
Reason could be anything.
They might have to meet some sales target.
So in order to take negotiation in the right direction, you must know what’s driving them.
>> 5 Killer Marketing rules to Generate Sales Leads
4. Get Understanding Of Their Acquisition Cost
Do not hesitate to work the deal in your favor. Do you have any idea that what does it costs for the vendors and technology companies to acquire a customer?
To your knowledge here, to get you to the point of the negotiation is one large expense for the aforesaid both. Therefore, you have to be very smart here.
Know that if you already are a customer of them, then it won’t cost the vendor too much as compared to if he goes on to gain a new customer/account. Take full advantage of being the old customer.
5. Don’t Hesitate To Mention Alternative
The best move you can make in negotiation is to think of an incentive the other person hasn’t even thought of – and then meet it. ~ Eli Broad
Let the other party know that there are other options available too if not them. Get them aware of their better then do not hesitate to mention thinking it would sour the negotiation process.
Know that you are just putting your point & they must be told what other decent options do you have which can be considered competition.
Do not let them mistaken that they are the only player in the market. Infact, if you think the alternative is cheaper and
>>> A Sales Person should never do these 11 things
6. Don’t Be Afraid To Step Away
When agreement or disagreement doesn’t affects you then you are under no pressure to surrender to the other party (or say vendor here in this context) in negotiation.
If you have no issues in walking away from the deal if it doesn’t go in your favor then you have power over the other party.
This is why it is important to have alternative available.
You must not be afraid of moving away. In fact do it often to show that you have other options too and it’s ok to you if the deal doesn’t happen.
7. Let Conversation Get Stretched, Take Your Time
Forbearance goes long way. Do not be in a hurry to finalize the deal. Also, if there is no deadline given to you then it is obvious that you are under no obligation to meet the deadline as the decision has to be your own and you have right to take your time.
Get the conversation going through emails or other medium. Make sure they know you have not yet chosen some other but reflect that you are considering to do so.
Get them alarmed & agitated. Now watch them requesting
you to think again and renegotiate. That’s a good sign though.
>> Tips to Building long term relationships with the customer
8. Blame Game Is Advantageous Here
What is negotiation but the accumulation of small lies leading to advantage? ~ Felix Dennis.
Make the other party understand that it’s not only you whose benefit is lying in this deal rather there are other people too in the organization whose interest will be affected and it’s they who are influencing the decision.
Show them that you are under pressure from the multiple stakeholders say your boss, your coworkers etc.
Put the blame on these sources so that the vendor can empathizes with you and a better bond is created between you which can turn the deal in your favor.
Watch out the complete article in this video: (Launching Podcasts soon, so that you can listen to the whole topics on the go, in the gym, in your car, while jogging, walking down the streets and anywhere else).
Professional Benefits of Travel -How Traveling Can Enhance Your Life and Career
Travel More to Add Value to Your Personal and Professional Life
When we talk about traveling now a days, most of the people instantly associate it with taking pictures and stuffing their Facebook and Instagram with most competitive pictures and videos to make them stand out among their friends and peers.
Travel because you want to experience the culture, food or anything and everything of the place you are traveling to. Travel for an experience, an escape, or a learning.
Wherever you go, go with all your heart. ~ Confucius
Travel to explore something new from the place you are traveling to or travel to develop something new, altogether a new skill set or nurture that hidden talent that you always wished to.
Most of the time we plan a travel trip is when we think about relaxing and rejuvenation. We tend to keep postponing travel plans for work and other obligations. However we need to know about these benefits one can get more from their personal and professional life while traveling places.
Maximum amount of people love to live in their comfort zone. They like to be around people, places and things they are comfortable with. But in being so they miss out on living life that awaits them. They miss out on the opportunities that exist for them to grow into a better person.
Living within the four walls of your comfort zone does not pave way for your growth in any way. You must step out, travel and explore the things around.
4 Professional Benefits of Travel:
Traveling, this is one thing that introduces you to different people, cultures, languages, lifestyle and what not. It refreshes you and gives you peace. Though often it is due to our commitment towards our work that we do not take out time for traveling but ironically it is more helpful to enhance one’s life and career.
[ Explore The Best Hotel Booking Apps for The Backpackers ]
This article will throw light on how traveling creates ways and bring the opportunities in for you to excel in your career.So, here are a few reasons listed below that will tell you the importance of traveling to grow career and life.
Let us go take a look at these:
1. New Outlook, New Perspectives
Each one of us is unique the way we are. It is our way of life that makes us distinct from the others. Traveling brings us to people from different places, with different lifestyle, perspective, customs, culture, beliefs etc. and the list can be endless.
It exposes you to the diversity and then you end up realizing the fact that what a small space you hold in this world. When this realization hits you, you tend to become more welcoming and more open new perspectives.
To put in simple words, it makes you modest enough to value life and experiences rather than things. Traveling changes your outlook towards life and broadens your way of thinking.
[ Learn how these Best Business apps function as Productivity tools for Mobile Users and a must have for every online business owner
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| New Destination, New Outlook, New Perspective |
You see how big the world is and there’s more than just surviving. It makes you learn to live life valuing moments, experiences and enjoying every bit of it. You understand that life is not about stressing on littlest of things but going with the flow. In all, it makes you positive.
The World is a Book and those who do not travel read only a Page. ~ Saint Augustine
2. Improved Communication Skills
When you travel you get to meet different people with different backgrounds, different culture, different outlook, different perspectives. All this leads to conversations that remains memorable forever and which you cherish for lifetime.
When you join or switch to a new company and if you lack “People skills”, then you tend face a lot of trouble. You are not confident, your morale is low, you are unable to concentrate on your work because your mind is occupied with other thoughts, you are not able to communicate things within your team, which affects the work negatively.
Therefore, it is due to these reasons that companies look for people and seek the prospective employees that are good at communication and possess people skills.
Improve your English with these popular mobile apps for English Learning
Now traveling plays a role here. It exposes you to new cultures, people, and languages, lifestyles that help you to come out of your comfort zone and gel in with these new people.
It makes you a better listener as you become curious to know about new things, their style, culture, language and more, it makes more outgoing, social and interactive that helps you later in in your work life.
3. Makes You Adaptive to New Things
Traveling develops the ability to adjust in different kinds of situations. You become more adaptive according to the circumstances that take place. How to switch from one plan to another in case of emergency can be easily learned as a trait when you are traveling because it does happen. Situations do prevail wherein you tend to adjust accordingly.
Traveling is adventurous as you get introduced to totally new things; unfamiliar situations, new people, new locations, surroundings and you have to make the best of your moments with all those unfamiliarity’s.
Listen to these Inspiring Ted Talks aimed to add to your Entrepreneurship Development Goals
You learn to become adaptable, more confident in yourself, make the best out of difficult circumstances and more “go with the flow” kind of person. Adaptability is one trait that will make you a happier and a better person.
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4. Learn to Become More Organized
Traveling is fun. Planning your trip in advance, budgeting, researching and such tasks form a part of traveling from which you get to learn how to become organized. Life situations are no different than these. No matter what status you have achieved, which phase of life you are in, staying organized is important to bring a balance to life.
As said before, planning is the initial step when you decide to travel. If you see it other way, planning is the important step anywhere and everywhere be it personal or professional life.
Traveling teaches you how to manage things when you have no idea about people, surroundings and with time you learn how to take initiative.
Therefore, it makes you more organized adaptive and go getter kind of a person which are the necessary traits that helps you in your daily life as well as your career.
How to Become a Successful Real Estate Entrepreneur- 7 Business Startup Tips
Entrepreneurship Development Tips and Ideas for Real Estate Business Entrepreneurs.
Real Estate development Ideas for Property agents and Entrepreneurs.
Why is it that almost every entrepreneur wants to invest in the real estate? The answer is very simple. To make a lot of money. This is a dream that almost each one of us holds. However, not everyone who invests in the real estate ends up being successful.
The main reason for this failure is lack of critical information about this business.
✪ Small Business Building Ideas for entrepreneurs
✪ Startup marketing tips for Entrepreneurs
✪ Email marketing tools for real estate Agents
✪ The Common Mistakes Committed by new Entrepreneurs
Below is a list of tips on how to become a successful real estate entrepreneur:
1. Look at Plenty of Properties
This is the number one trick if you want to be successful in this business. Don’t be the entrepreneur who just takes the first property that you come across. This is a mistake that many real estate entrepreneurs make. They simply end up buying property because it looks attractive without going an extra mile to see whether there is something better.
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| Look a plenty of properties before you zero in on any ones |
You have to be willing to push yourself to the limit and look at what is really out there. Never make your business decisions based on your personal preferences. You will not be the one living there. It is your client. The best thing is thus exposing yourself to a wide range of options that are out there.
You can then narrow these options down depending on your business goal and criteria.
✪ The 5 Most Useful Ideas for real estate Entrepreneurs
✪ Top 10 Real estate websites in USA
2. Do a Comprehensive Financial Analysis.
Don’t run away from the reality. The best way to do this is by determining the alternative that makes a more financial sense. This will prevent you from buying property on terms that go against your financial analysis. You should be aware that there are sellers out there that will always try to over-estimate property value through use of pro forma data.
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| Doing a Comprehensive Financial Analysis Plays a crucial Role |
These pro formas are not always correct. You should thus have the real numbers on your mind before closing. The best way to come up with the real figures is by looking at the previous year’s maintenance records, tax returns and tax bills.
This information will give you clear information on actual expenses and income. Ensure you remain fully updated on figures such as cash flow, net income, cap rate and total ROI. If you have a clear understanding of these figures you will have sufficient information of determining whether the property you are investing in suits your financial targets.
✪ Tips to be Successful as an Entrepreneur
✪ Post Free Ads for Real Estate Business
3. Don’t Purchase Property that a Seller isn’t Motivated to Sell.
The only way to get a price that matches with your financial targets is if the one selling you the property is motivated to sell. I know you are wondering how you will determine whether the seller is motivated to sell or not.
However if the property has been in the market for quite some time and he/she has reduced price considerably, he/she is ready to sell the property. The trick comes on how to find motivated sellers.
The best strategy is by attending as many open houses as possible. You can also look for unattractive properties that you can improve then sell out.
✪ 10 Most Trending Ways to Promote a Real Estate Business.
4. Invest on Seminars, Audio Tapes and Books.
Knowledge is power. The more you get informed about what goes on in the real estate sector the more successful you become. You should thus ensure that you learn all the basics.
Buy books, tapes and attend informative seminars that will enlighten you. You should get informed before you venture in the business.
✪ Find out what are the Top Real Estate Websites in India
5. Come up with Financial Goals.
Before you purchase your first property, know what return you expect. You can determine your financial goals by looking at the time versus money concept.
If you have more money, you need more time to achieve your financial goals. The more time that you have, the less money you need to achieve your financial goals.
✪ Tips for Promoting a Real Business over Facebook
6. Don’t Wait for a Perfect Time to Invest.
Most real estate investors waste a lot of time waiting for a better deal to come your way. This might make you miss a lot of great deals.
A perfect deal rarely exist. Your first deal might feel difficult but it is worth taking.
✪ Free online apartment advertising Websites
7. Understand your Market
This might sound very simple and obvious but it plays a big role in your success. Know basic things such as job prospects and what the area relies on economically. Weather factors are also critical since different clients have different tastes.
The more you understand your market the faster you will be able to spot potential clients.
Ask the Internet- Top 10 Q&A Websites List to Post Questions and Answers
Question and Answer Sites List: Best Online Places to Ask Questions related to Personal, Professional, and Business domains
10 Best Q&A Websites, like Yahoo and Quora to Seek Answers and get Free Referral Traffic and SEO Benefits.
In present date we have many sources to find answer to our queries, we can get answers to questions either by means of articles and blogs and videos and so on.
But many times we come across the situations when we don’t find any right or satisfactory answers to the questions. Here the Q/A sites come in action and plays an important role. With the help of these Question and Answers sites, we can find the answers to even those questions, we don’t find by other sources of information.
So today I am going to share the top 10 Question and Answers on the internet where you can find answers on any topic and even expert advice. It is because experts also do have accounts on these sites to help the people.
Who can find these sites useful?
In general, these sites could be very useful for anyone who is searching for answers on any kind of topic. So, if you are in a confusion or if you have any doubts or need clarity then you should put your query on the sites mentioned here. All of these online platforms are backed by community members (like you and me) who are registered on these sites.
Well, mostly 3 types of people come to these sites:
Who want to find help in getting answers for their questions (any type of questions)
Who want to monitor their brand and business presence among the common users and who want to find the trends and what people are talking and enquiring about a certain business or product.
Who are interested in backlink building opportunities for their website or content. These sites have great online scores and ratings (Alexa rank, DA/PA and Moz rank) and the backlinks earned from here carry a lot of value.
10 Best Question and Answer Sites on the internet!
List of the Question and Answer Sites on the Internet- Best Places on the Web to ask questions, get Help and Information on any topics and subjects.
#1. Quora- Get the Best Answers to Any Questions
[ How to get massive Free Traffic from Quora ]
Quora is undisputed leader on the web as of today for asking and answering questions online. You can ask anything or find any kinds of questions there.
Quora is number #1 Q&A site on the entire Internet today. And, why not? See, how they have developed this platform with loads of interesting and valuable features. There are millions of registered users on it in which there are every kind of people who have knowledge in different areas of the human life whether it is related to personal, professional, health, mental, society, business, personal development, scientific, or academics.
Quora makes questions-answers very presentable and they send the updates to their millions of registered users based on their topics of interest and choice. You can find hundreds of Q&A on Quora community that get thousands of likes within hours after posting on daily basis.
The user engagement on Quora community is unbeatable, outstanding, and unmatched.
Quora Inc is a silicon Valley venture and it was started in 2009. To tell its popularity i would give you its viewers base which is 200 million monthly unique visitors ( for the year 2018).
There are so many reasons what make Quora the number #1 Question-Answer site on the web.
On Quora, you can find many categories under which you can ask questions and get answers to your questions.
Many industry experts are there on Quora to answer your queries. You can also give answers as well if you are an expert on a certain topic. Likewise, Yahoo answers you can also upvote the answers which you find problem-solving. On Quora, You can also put your blogs in the blog section.
And also can follow specific questions, people, and topics to stay updated with latest things happening around.
Quora is much much more than mere a Q&A platform. To find its useful features and know its usage, please read this guide on how to start using Quora to the fullest benefits.
You can be friend with me on Quora by going here and i will connect with you there!
Alexa Rank Worldwide: – 96
Alexa Rank India: – 14
Alexa Rank USA:-98
Top 10 Sites for Online Education and Learning
#2. Yahoo Answers- Get answer and Information from Experienced Users
[ How to get free Traffic and advertise your business on Yahoo ]
There was a time when Yahoo Q&A was the #1 best place to go online and ask questions and answer others. But, this changed around 5-10 years back when some online platforms seriously took this concept and started dedicatedly to improve the users experience by adding lots of new and advanced features. Unlike Yahoo, they put in lot of efforts into the development and advancement of the way Q&A sites were being held and used.
Yahoo Answers is one of the most trusted and well-known Q/A website on the internet. You must have already seen how frequently Yahoo Answers appear on Google Searches for so many queries. This is why this is thought to be very good site for SEO and good quality backlinks.
It has around 29 individual categories, related to all sectors ranging from business & finance to Home & Garden, Games & Recreation to Society & culture and so on.
Thus, on that note, you can get answers to almost anything on this Question and Answer site. You can also give answers as well if you are an expert on a particular topic.
And the best thing about the site is that it does not entertain any unnecessary links in the answer. It keeps them only and only when it is truly crucial. Along with that you can also award best answers to you question.
Alexa Rank Worldwide: – 5
Alexa Rank USA: – 5
And according to stats millions of monthly visits occur on Yahoo answers.
#3. StackExchange – Made up of 160 Expert Communities
StackExchange is also amid the list of best Q/A sites. StackExchange is, in fact, a collection of different websites (sub domains) for every individual category.
For example, if you are searching for mathematics then it has a complete website for it where you can ask any query related to math and so on.
You can get an idea about their full list of sites of StackExchange for different categories with the mentioned link.
Alexa Rank Worldwide: – 159
Alexa Rank in USA: – 137
#4. Answers.com – Knowledge Exchange via WikiAnswers, ReferenceAnswers, VideoAnswers
Answers.com is third in the row of best Question and answers sites. With answers.com you can find answers to any of your questions which come under their around 29 categories and sub-categories. You can also promote your questions, join community forums and even contribute on the website to make answers better if you are more into answering then asking.
Additionally, you can also write articles to explain the things in your area of expertise better by becoming an Answers.com Writer.
Alexa Rank Worldwide: – 498
Alexa Rank in USA: – 183
#5. JustAnswer- Get Answers from ‘Verified’ Experts
JustAnswer is also among the websites that answer your questions with 100% satisfaction guarantee. It is a paid Question and answers site to get answers 24*7. It is also available with many categories to provide answers in those categories.
Here on JustAnswer, you can apply for becoming an expert & becoming an affiliate to earn money.
Alexa Worldwide: – 3541
Alexa USA: – 995
#6. AllExperts – Oldest & Largest Free Q&A Services
According to Details mentioned on Portal itself: – “Allexperts.com is the oldest & largest free Q&A service on the Internet and has more than 2 million questions answered.
AllExperts is indeed a great portal to get the answers, and one thing which makes it different from other Questions and answers site is that it only provides a login credential to experts with their means Expert Login.
You can also apply for being an expert by means of their Expert Application.
Alexa Worldwide: – 38,328
Alexa Rank in US: – 13,444
#7. Blurtit- To Ask, to Learn, to Share, to Grow
Blurtit.com is one of the famous q&a websites. Here you get answers to any question of your interest. They deal with 22 categories to provide answers in different sectors. You can ask questions, give answers and also can follow individuals.You can also ask questions anonymously without being a registered user. And if you want can make an account on it by registering through mail or any of these social networks: – Facebook, Twitter or Google Plus.
Alexa Worldwide: – 44,920
Alexa India: – 9,570
#8. Able2Know- A Free Forum to Ask and Share Answers
Able2Know.org is one of the best online Q&A sites. Here you can ask questions and get answers, also can answer questions and help others. There are total 24 categories on the portal for Questions and Answers. With Able2Know you can also see your ignored users. Registration is must to perform any activity on the platform.
Alexa Worldwide: – 97558
Alexa USA: – 54566
#9. The AnswerBank- For answers on Quizzes, Puzzles, Law, News, Crosswords, etc
The AnswerBank is an excellent Question and Answer Website to get your queries solved. The website has around 31 categories in which you can ask questions and also respond to questions. And for that, you have to become a registered member of the platform.
You can also use their website to ask and answer questions with the means of their Mobile site named Mobile AB.
Alexa Worldwide: – 134282
Alexa USA: – 43523
#10. Ask Me Help Desk- Get an Expert Advise on any Topic
Ask Me Help Desk is last in the row and is also one of the best Q&A websites on the internet. It has twelve categories in all with a huge number of subcategories. If you love to surf the internet on mobile, then you can also use their mobile website.
All you have to become a registered member of the portal to do any activity. On their portal, you can also view the list of their experts of different categories.
Alexa Worldwide: – 134282
Alexa USA: – 43523
Hope that this list of Question and Answers websites will help you to get the best answers to your queries and can also contribute to establishing you as an authorized expert. Let us know about your views. Best Websites for Checking Grammar Online
3 Common Mistakes Made by New Entrepreneurs and Startups
Learn some of the Common Mistakes that Startups and First Time Entrepreneurs make and How can you Avoid them.
1. Overlooking Content Marketing
Content marketing is crucial to up the sales game for any business. Its role is not confined to this rather content marketing also proved its importance in establishing brands as well.
Often it is seen that the leaders from technical backgrounds or say CEOs for that matter here, tend to overlook the need of content marketing as they hardly are able to understand the benefits it contain.
2. Not Realizing The Importance of ORM & Ignoring the comments around your brand
Another mistake that is made by the startups is that of avoiding ORM which means online reputation management. Although it is quite understandable that it is due the reason that ORM systems & software may seem to look expensive initially.
3. Not Able to track and measure results and success
Many startups give up early because they are neither able to manage the success nor the failure of their marketing efforts. Reason being they are not tracking & measuring the results of their efforts which is a much needed thing to be done in a business.
Setting benchmarks and then measuring the results against it paves way for the improvement. It lets you analyze how effective your efforts have been and where things are lacking. Keeping track on the progress of your business is imperative.
6 Ultimate Entrepreneurship Development Tips to Master your Digital Marketing Campaigns
Employ these Quick Tips to Successfully Run your Digital Marketing.
Online Business Tips for Entrepreneurship Development via Digital Marketing.
Much affordable than traditional offline methods, digital marketing has become need of today. With internet, customers have access to information on anything anytime anywhere.
Entrepreneurship Development Tips for Mastering your Digital Marketing Success
1. Google Adwords
 |
| Get an Expertise in utilizing Google Adwords to your benefits and success in online marketing |
Therefore, if you want to attract new customers and drive new business in no time then you need to bid on the appropriate keywords through which your target audience can find you. Google Adwords is an ultimate and favorite tool for digital marketers.Get mastery in using it as the tool is a foundation for many types of popular paid advertising done on various platforms.
2. Landing Page Design
Advertising do contribute in improving conversion rate but if you go according to Search Engine land, only 25 percent of advertising accounts average above a 5 percent conversion rate.
Service like Unbounce is available today that without any special I.T skills allows you to build, publish and launch A/B test landing pages.
3. Moz– A Pack of Tools for Powerful Digital Marketing
Do you ever witness this envious feeling when you see your competitors ranking on top of the first page on search engine and you are not? Here’s when Moz comes to your rescue. Moz is one of the top online tools for spying on our competitors.
You can compare competitive metrics, like domain authority with Moz. Wondering what’s Domain Authority? Domain Authority is a score on a scale of 100 point which is developed by Moz.
The work of it is to predict the ranking status of website on search engine i-e how well it will rank. A business can strategize well once it gets to know the reasons why the competition is able to perform well on the major search engines.
4. Help a Reporter Out
If you want to enjoy publicity for your company and that too for free, it would be great signing up for HARO. Reporters that are hunting for quotes from business owners and entrepreneurs will send you queries on regular basis.
Now, on receiving the queries you will have to devote some of your time say at least 20 minutes every day to revert back to the queries so received. Reflect that you are expert in your field when responding. This will give you some really good publicity and alongside will also up your SEO game.
>> 10 Best Video Submission Websites to Market your Business Online
5. Outreach : Guest Blogging and Expert Writing
>> 8 Must have Softwares for Internet marketing
6. Get Sidekick– for ultimate email marketing success
Wouldn’t it be cool if you get to know whether or not people whom you sent emails opened it? It indeed is one fun thing and also helps you in the business. Often it happens that you reach out to a prospect via email and also phone calls but nobody responded to you.
So does this mean, it is the end and you should give up on that prospect? Well, you should not.
Powered by hubspot, Sidekick is a tool that tracks whether the recipient opened up your emails or not? Whether or not the links inside the mail were clicked.
Though this looks more like stalking but it is of huge benefit. If the proposal has been opened many times by the recipient, that’s the indication of recipient being interested.
Sidekick can prove to be a boon for the business. Hence, it must be used.