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Instinct in Business

2007 — Wed, 04 Aug 2010 23:35:07 +0000

Business is not just using power and money to make it running but also we have something different to make our decision become more worth. It’s not simple think because what should we learn is coming from what we see in the animal world when the strongest and the best is the winner. In the jungle of competition there is always high pressure to make sure that our business can always survive even in the extreme situation. There is no excuse for every player to make mistake because a mistake can be a sign to business falling.

So what can we learn form the animal world? The biggest thing is learning about instinct of animal, how they can survive in the hard life. For example like me who decided since few years ago to jump in the property business especially focus in the Dallas real estate. It’s not easy to sell property even we offer with lower price and the demand is growing up. With our property in the magazine with bold word “Dallas Homes for Sale”, it is not enough to guarantee that our monthly target can be reached.

We need strong instinct to determine which property is suitable for some social level of people. We should understand our segment and deeply know how to choose our customer and match them with our property. May be some of my friend is just believe with the advertisement word in the magazine and news paper like “Cheap Dallas Homes for Sale” and waiting for the customer call him, but for me it’s can’t work because customer need to be served and we need them more than their need. Customer is King! So every day I try to train my instinct to make sure that I can work more efficient day by day and reach more income for better future.

Approach

2007 — Thu, 29 Jul 2010 01:46:10 +0000

One way to think about business opportunities is to focus on the potential for a product or service within the following groupings.

Market penetration ideas

These ideas consist of selling more of an existing service or product to an existing market. You are looking for ways to increase sales to existing customers or ways of attracting customers away from competitors. This category represents the lowest risk because the number of known factors is greatest.

Market diversification ideas

This group offers an existing service or product to a new market. You may be looking for an opportunity in a new geographical market (including exporting and Internet marketing) or you may be looking for a new group of customers. Since there is already experience with the existing service or product, this category involves only medium risk.

Service or product diversification ideas these consist of developing (or importing) a new service or product for an existing market. It may be a genuine new service or product, or it may only be a minor modification. To the extent that you have little previous experience with the new service or product, the risks are greater.
Innovative ideas

These ideas develop an entirely new service or product for a yet-to-be-created market. This is the commercial graveyard of many a prospective solo business idea. The risks are extremely high but, if you get it right, so are the rewards.

Tutorial as Business

2007 — Tue, 06 Jul 2010 15:00:01 +0000

If we are have a profession as educational trainer in formal on informal institute, now there is an opportunity outside the ordinary job. This is a combination of teaching and video making for global market. The concept is making a tutorial video from any kind of saint world like Physic, Biology, Math or Chemist. This is not an easy business because the tutorial maker should really have a vision and thought of tutorial user. For example people have Math problems and He needs a Math helping from the tutorial video which can be accessed from internet. The challenge of tutorial is make a simple way and thought so everyone who sees the tutorial movie will understand with the topic.

The tutorial making actually one of prospective earning due most of people need a tutorial to understand something new in their mind, may be not all of user needs a homework help for their problem but also they need accurate information about soothing. I suggest making short tutorial as long as needed to avoid confusing on the interpretation. Once again this is not a simple job because may be someone only has skill on the teaching but no have confidence and ability to present the tutorial.

We can promote our tutorial in the forums or promotional place which has a high traffic and make a good atmosphere on the public attracting so they will interest and feel need the tutorial. If our first tutorial has a good response from peoples, I am sure they will influence ours to the others person and in my opinion this is a perfect marketing way. So let start and explore the tutorial way. Good Luck!

Blog Popularity

2007 — Mon, 07 Jun 2010 05:11:41 +0000

Looking for the fastest way to improve of our blog popularity is really interesting activity especially for a blogger. The blog popularity is the big destination. We have a big target to put our blog on the top of search engine which everyone will see and the possibility to get high traffic is really a nice dream. From the high traffic we can do anything with our blog to be monetized for our income. May be this is the main reason behind the high traffic in our blog. Yes, the final target is get online income as much as possible.

May be we ever heard about some peoples who dedicated their time to work using online system and most of them are working from their favorite place, home! From that high target, every blogger tries harder to improve their SEO of blog. We can found so many SEO system with various method offered, but actually there is no guarantee that SEO system will match with our blog, so I suggest to do it yourself SEO, which really match with your need and style.

With create SEO yourself; you will understand the strength and weakness of every single blog with its theme and all facilities inside. For helping and make it easier, you can choose a unique “Do it yourself SEO software” This software can customize your need become a good weapon to explore the tags and keyword of your blog and put it in the most of search engines and directories. The original and interesting article can be a good support for blog popularity, so as much as possible we should prepare pure article without any copy paste from existing ones. Without originality of article, look like difficult to stay in the first page of search engine so keep be original!

Language Business

2007 — Wed, 02 Jun 2010 13:06:54 +0000

Language is an important thing to do every activity and especially for foreign language, there is special place in the business world. Business is running for global and there are so many countries inside with their own culture and language. Present, we face global trading with interconnection between trading players is commonly using some standard language like usually we use English for international meeting and for business document.

So for people who have a good skill of international language, there is a big opportunity to improve their career and income by offering specialist service about a language. Usually people need this service when they want to translate form one language to another language. This service we can call them language translation service.

I already make a deep analysis, having a business with relation with language, especially for international language like English, Chinese or Japanese will never sleep due the market will always open. There is huge market inside about it and the customer is not just company but also for personal. If company needs some translation services to convert their document, the individual prefer to use education purpose like for writing thesis or report.

Even looked so easy for skilled person to open language business but there is one big key that should be paid attention. They should keep their professional translation by always implement protection of customer document. This is really important because customers want their secret always stay in where they are, not fall into the wrong people. This is a big trust that should be kept every time.

So if you have good enough skill of language, you can make preparation for your own business. Good luck!

Idea

2007 — Sat, 22 May 2010 20:02:06 +0000

The business idea can come and go easy but if we already got the great feeling, may be the rest action is needed to make it come true. So how to get the best idea for starting our own business is? Here I give some source where the idea comes from:
• Our dream; it means we already have this dream since several times ago and now is the right time to make it come true. Usually this is the great source because we already know what will be our business in the future
• Our hobby; it means we come from our pleasure activity and then monetize it so it will be our good business. For example we have hobby to modify our car interior, so we open accessories store which offer audio, dash kits, wheel or power steering.
• Surprise moment; we can get good idea from one moment of our life. For example we saw an accident then suddenly we got idea how to prevent accident with something.
• Past experience; we can learn from past experience and then make improved something to make it better on the function or design then we an offer it to the market.
So from anywhere we got the idea, actually show us that we can explore our self more than our current condition to get better life in the future.

Kitchen & Dinning Store

2007 — Tue, 11 May 2010 13:56:28 +0000

In my home town, there is a big store which selling most of kitchen and dinning equipment. Since I was kid, my mother always asked me to join her to go to this store. My mother bought some item that needed based on the order from her friends in the community. Yes actually my mother was selling all kitchen and dinning equipments and her clients allowed paying until ten months. Look like this is a small and simple business but actually there are something bigger hidden in the system. I don’t want to tell the long story about this but I want to focus on that store.
The store as I knew has big turn over a month, maybe until thousand dollars and I am sure the profit will follow bigger as well. What make me interest to the store, I found some benefit on these business.
• First this business has products which have low risk due the storing. This is because most of products are made from steel, glass, stainless steel or plastic for example toaster, microwave, plate and drinking glass
• The equipment for kitchen and dinning always needed for a family or either single person.
• The price will always rise due the material cost and manufacturing cost, it means we will get guarantee that we always get profit bigger and bigger.
Especially essential product like dinnerware, stay in the top selling and never worry about the selling because even it’s just plain stuff without any design, some client will still love and buy them for their collection. Actually they are will be timeless products and will be used forever until it’s broken or damage.
From above explanation, there is no reason to hold our investment on this business because the possibility always profit and profit without any disturbing of the weakness fund loss. Good luck!

Store and Workshop

2007 — Tue, 11 May 2010 12:36:16 +0000

I still have one dream to have my own business with real store near a shopping center and another small workshop which supply to some company for technical parts. In my imagination I can see clear the view of my store which can help people to complete their needs. Even not a big store but I think I can start with medium store with five or six employee as one team and has two teams in two working hour shift. My store will provide daily needs for everyone like cooking oil, washing soap, bath soap and some kinds of foods.
For me there is no big concern on the market or about store registration because we only need to spend few hundred dollars and we can get complete company registration. After then we are allowed to build our store.
For my small workshop, I need more attention how to start from beginning because I just aware that it’s a little bit difficult to get the license to build on this business. From the capital we should prepare the big sum of money and we have to make a clear data about the organization structure, capital, assets and employees. That all are main requirement to register a company and nobody can bargain it. Beside that we have to update information to government about our company status every single month until at least around one and half years. After I understand all of requirement before build a small workshop, I review again all of my power and capability and try to make a new company formation a global plan after it runs. Yes, at least plan for one year to make sure at least our workshop can survive at the beginning years.
I know this is a big dream and vision for me but I still believe with support from all of my family I will can build and make all of my dreams come true. At least in the next few years I can stay in the two worlds, as employee with fixed income plus as business owner which can possibility to reach unlimited income and open new job field for others people.

Baby World Business

2007 — Mon, 10 May 2010 05:22:41 +0000

I can see there is new opportunity to build business base on the baby’s world. This is another story and outside from the regular rule of business like logistic business to complete the baby’s need like milk, pampers or baby clothes. If we see on the market demand, that’s all of them always become top priority for completing due the new baby born. So it’s very interesting to research deeper how to join in this business sector and how to make different way to grow this business.
The first step that should we do is make a list of all products for baby and the make searching on its supplier. In this sector I can say that the profit margin is not really bigger due the price is kept lower to attract the customer, so the existence and capability of suppliers needed to supply with lower and lower price. May be we are thinking how about the quality if we want the cheaper product is?
That’s correct if we always think about close relation between price and quality but actually in this business we can see so many exceptions because for a baby, most of people prefer to choose the cheaper one as long as their still in the acceptable condition. A baby grow faster and we can found like their clothes will no longer used just in the few weeks, may be less than one or two months. May be for some product that needed reliable ones like baby gates or pressure gates, we will follow the price rule based on its quality.
The second step is make promotion to give information to the market that our store is standing already. This is not a simple job because behind this information we should send the message that our shop always gives the cheaper price for the best quality. We can explain also that our stock is wider than other stores from the clothes, milk, baby cart until stairway gates for safety.
Focusing in the some market segment in the beginning may be the best way to hit and build public opinion about our store and if success, on the rest public will help our marketing way with tell to their friends or families.
Above illustration may be can help some of us who want to start business with their own baby store. Good luck!

Commitment

2007 — Mon, 26 Apr 2010 05:17:34 +0000

Become a success business owner, need a big commitment to do that because what determine our success is our hard work and support from peoples around us. For small business or people who just try to walk as business owner, they need pay more attention to their business. Usually they will do the important thing like marketing or negotiating with customer by them self. This is actually to save the overhead due the number or worker and we can found this case for the small company or just a family shop.
Nothing is wrong if we can do by our self, but the business is growing to the higher level we should make some delegation to others people who can be trusted to run our business. What should we do is driving our company from behind and always keep on eye on every aspect on the system and resource.
If we have a business which using franchise system, may be there are some benefit fro the system due we can following the global marketing and advertising. Off course it will be fresh wind for us because we can eliminate the advertising cost and we get the wider market due the popularity of the original product.
In other side when we try to be a main dealer of automotive and selling original parts from some big brands or just to be accessories main dealer like Honda or Hyundai accessories, we will found the power or popularity of brand when sometimes we don’t do any advertising to promote the product but people still believe if they see the brand of our product.
Off course it’s a not a simple to be a main dealer for big brand because our reputation will be verified by the license owner and we have to follow their rule with high commitment or we will lose the right as main dealer. So actually what ever the system we use for our business, the high commitment is the main key to stay on the business growing track. Good Luck!