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Hub You - Crystal Thoughts - Product and Vendor Focus
Is Your Business Profitable? questions you ask might be clearly outlined on their site, I have found it’s still better to ask, if for the very least to establish communication prior to signing up (which sometimes you can't avoid). Typically I will even pay for one or more small items (after establishing their usability) to get a feel for their product quality. In dealing with drop-shippers, your company reputation is largely in your vendor’s hands. Although you will maintain communication with your customers, a lot of times your communication is based on the information you get from your vendor. If they're unresponsive, you will find yourself stringing your customer along, thus losing their trust. That then leads to a downhill trend and the potential failure of all your hard-earned work.What’s your job profitability? Do you know?Many business owners are unsure of their profitability at a company or job level. They “think” they are making money because they have a few dollars in their checking account. Having money in your checking account doesn’t mean you are profitable. It might simply mean you haven’t paid all the bills yet, so you have a little cash. Cash and profit are two different concepts. If you don’t know your exact income and expenses for each job and your overall business, then how can you know whether you are making a profit? And, if you aren’t profitable, your business won’t last long.Analyze Each JobRegardless of the size of your business or your industry, profitability is something you should be monitoring on a monthly basis. To de Focusing on a specific product line will not only help to narrow your search for vendors, it will also help in your marketing efforts as well. You may find that if you carry more than one product line, you don’t really fit well when being “categorized” in and around the web. In addition, should your multi-product li How to Succeed in Affiliate Marketing? As the owner of GiftsForYou.Biz, the following is an outline showing, in my own experience, why product focus is not only a good thing, but nearly essential, especially for small businesses where vendors can be volatile.The reason more and more people are interested in Affiliate Marketing business is there are no bosses to order the employees around, There are no deadlines to meet and no clutter of work do to. One only needs to be equipped with the tools needed to succeed in a business such as this, and he is bound to get what his heart ultimately desires.What are the things needed to succeed in Affiliate Marketing? What tools or techniques one must use in order to succeed? The very first quality one must possess if he wants to try his hand in affiliate marketing is the willingness to learn and be trained. Learning the tricks of the trade is also an important aspect of the game, and one’s willingness to know it all will give him far better advantages in the business than he could ever imagine. When I began promoting products on the web in July 2002, I thought I would be the rare exception to the rule in that I did not feel I had to specialize in any one type of product. I signed up for a service that offered over 2,000 products, and my web development savvy and I set out to promote them all. And I did. I even created a way to check inventory on all these products. A system setup so well, others members paid a small fee for semi-weekly inventory lists. But alas, not only did my inventory system fall into the wind due to vendor policies, but the entire vendor fell into a tornado due to various negative factors. Luckily for me, I had already found two other vendors that I was able to lean on while breaking away from my initial vendor and all their calamities. What is read here is, lucky for me I learned to focus on a particular product line. I took the time to figure out what I would like to represent, did some research on whether there was a market for it, and began my search for vendors selling such a product line. I got somewhat lucky in that the two vendors I did find, I found without having many requirements. They drop-shipped using my company name, so I signed up. Now down from 3 vendors to 2, it wasn't until one of those two remaining vendors actually went out of business, did I find myself trying to find another one to fill the void. I had already optimized and promoted that particular product catalog for a few years, so it was getting good traffic, and I really didn't want to lose that. But I found that finding a vendor wasn't as easy as it seemed to be when I first set out. Still not wanting to lose the web work I had put into my out-of-business vendor's product line, I left the catalog open and let my human visitors know that the search for a new vendor was underway (and that can be somewhat tricky, because you don't want your customers thinking you are going out of business too). After that, the requirements I formed for inquiring about potential vendors led itself to quite a little list. Fortunately, I was able to find vendors that matched my criteria. Although, finding them didn't come without time consuming research and communication. The good ones though – they are typically quite friendly, somewhat responsive, and fairly informative/liberal with their responses to your questions. There is a key however, to inquiring on whether a company meets your criteria. If you ask too many questions, the vendor most likely, as many people will do, put it on their list of things to do because they know it'll take 15-30 minutes to reply. If you ask too few questions, you could end up bugging the living daylight out of them, only to find out 3 e-mails later that they're missing an essential factor. What's my list of criteria for GiftsForYou.Biz? If "is it plugged in" is the first question for malfunctioning equipment, the first question for determining if a vendor is right for your business should have already been taken care of in your search: Do they provide the products you specialize in? In the case of GiftsForYou.Biz, that would be crystal. The second question is whether or not they drop-ship? Although storing inventory isn't an issue for me, going to the Post Office or UPS (or even having them pick up) isn't practical. So, I need for my vendor to be able to ship the product for me. The third question then falls into place with drop-shipping in whether they will ship using my company name. Other questions after those then fall in to more business policy type questions. For instance, which shipping methods do they use, what is their standard delivery time frames, do they ship internationally, do they ship to Canada, what type of shipping costs do they use, and what is their ordering process? What are their rush shipping options, or do they even provide rush shipping? What are their return and damaged product policies? Other questions might include how I might know when products are out of stock? How do they handle bulk orders? Do they provide note/gift cards or gift wrapping? Some of the questions you might ask, and even perhaps all the questions you ask might be clearly outlined on their site, I have found it’s still better to ask, if for the very least to establish communication prior to signing up (which sometimes you can't avoid). Typically I will even pay for one or more small items (after establishing their usability) to get a feel for their product quality. In dealing with drop-shippers, your company reputation is largely in your vendor’s hands. Although you will maintain communication with your customers, a lot of times your communication is based on the information you get from your vendor. If they're unresponsive, you will find yourself stringing your customer along, thus losing their trust. That then leads to a downhill trend and the potential failure of all your hard-earned work. Focusing on a specific product line will not only help to narrow your search for vendors, it will also help in your marketing efforts as well. You may find that if you carry more than one product line, you don’t really fit well when being “categorized” in and around the web. In addition, should your multi-product li Starting a Small Business: Get Out of Your Comfort Zone I took the time to figure out what I would like to represent, did some research on whether there was a market for it, and began my search for vendors selling such a product line. I got somewhat lucky in that the two vendors I did find, I found without having many requirements. They drop-shipped using my company name, so I signed up. Now down from 3 vendors to 2, it wasn't until one of those two remaining vendors actually went out of business, did I find myself trying to find another one to fill the void. I had already optimized and promoted that particular product catalog for a few years, so it was getting good traffic, and I really didn't want to lose that. But I found that finding a vendor wasn't as easy as it seemed to be when I first set out. Still not wanting to lose the web work I had put into my out-of-business vendor's product line, I left the catalog open and let my human visitors know that the search for a new vendor was underway (and that can be somewhat tricky, because you don't want your customers thinking you are going out of business too).What motivates anyone to start a small business? You are usually alone, without a lot of start up cash (hardly ever enough), without the full range of skills to make the business work and most often without sufficient knowledge of the market you are about to enter.Despite all of these barriers to setting off in a small business we set sail, like a ship without adequate navigation, in search of something we want.It is the nature of what we want that drives our motivation. If the nature of what we want is to earn a little money to supplement our existing income or indeed to provide our only income then most people can start a small business and meet their measure of success.It is when our want becomes something more, perhaps to provide for our children an education After that, the requirements I formed for inquiring about potential vendors led itself to quite a little list. Fortunately, I was able to find vendors that matched my criteria. Although, finding them didn't come without time consuming research and communication. The good ones though – they are typically quite friendly, somewhat responsive, and fairly informative/liberal with their responses to your questions. There is a key however, to inquiring on whether a company meets your criteria. If you ask too many questions, the vendor most likely, as many people will do, put it on their list of things to do because they know it'll take 15-30 minutes to reply. If you ask too few questions, you could end up bugging the living daylight out of them, only to find out 3 e-mails later that they're missing an essential factor. What's my list of criteria for GiftsForYou.Biz? If "is it plugged in" is the first question for malfunctioning equipment, the first question for determining if a vendor is right for your business should have already been taken care of in your search: Do they provide the products you specialize in? In the case of GiftsForYou.Biz, that would be crystal. The second question is whether or not they drop-ship? Although storing inventory isn't an issue for me, going to the Post Office or UPS (or even having them pick up) isn't practical. So, I need for my vendor to be able to ship the product for me. The third question then falls into place with drop-shipping in whether they will ship using my company name. Other questions after those then fall in to more business policy type questions. For instance, which shipping methods do they use, what is their standard delivery time frames, do they ship internationally, do they ship to Canada, what type of shipping costs do they use, and what is their ordering process? What are their rush shipping options, or do they even provide rush shipping? What are their return and damaged product policies? Other questions might include how I might know when products are out of stock? How do they handle bulk orders? Do they provide note/gift cards or gift wrapping? Some of the questions you might ask, and even perhaps all the questions you ask might be clearly outlined on their site, I have found it’s still better to ask, if for the very least to establish communication prior to signing up (which sometimes you can't avoid). Typically I will even pay for one or more small items (after establishing their usability) to get a feel for their product quality. In dealing with drop-shippers, your company reputation is largely in your vendor’s hands. Although you will maintain communication with your customers, a lot of times your communication is based on the information you get from your vendor. If they're unresponsive, you will find yourself stringing your customer along, thus losing their trust. That then leads to a downhill trend and the potential failure of all your hard-earned work. Focusing on a specific product line will not only help to narrow your search for vendors, it will also help in your marketing efforts as well. You may find that if you carry more than one product line, you don’t really fit well when being “categorized” in and around the web. In addition, should your multi-product li Build A Successful Business By Staying Connected requirements I formed for inquiring about potential vendors led itself to quite a little list. Fortunately, I was able to find vendors that matched my criteria. Although, finding them didn't come without time consuming research and communication. The good ones though – they are typically quite friendly, somewhat responsive, and fairly informative/liberal with their responses to your questions. There is a key however, to inquiring on whether a company meets your criteria. If you ask too many questions, the vendor most likely, as many people will do, put it on their list of things to do because they know it'll take 15-30 minutes to reply. If you ask too few questions, you could end up bugging the living daylight out of them, only to find out 3 e-mails later that they're missing an essential factor.Over the course of your business life you'll come in contact with a number of other business people. They could be lawyers, business services, suppliers, customers, etc. These people are important to your business in more ways than one. If you hired them or they bought your product or service, you can also gain their business knowledge, experience, ideas, and advice. How do you do this? Stay Connected! Network! Networking is when two or more different businesses stay in contact on a regular basis to build and improve each others business. Consider all the benefits you'll gain from talking to other business people: Knowledge or information that you didn't have before Advice on how to solve a current business problem Leads to a new business project or opportunity Join What's my list of criteria for GiftsForYou.Biz? If "is it plugged in" is the first question for malfunctioning equipment, the first question for determining if a vendor is right for your business should have already been taken care of in your search: Do they provide the products you specialize in? In the case of GiftsForYou.Biz, that would be crystal. The second question is whether or not they drop-ship? Although storing inventory isn't an issue for me, going to the Post Office or UPS (or even having them pick up) isn't practical. So, I need for my vendor to be able to ship the product for me. The third question then falls into place with drop-shipping in whether they will ship using my company name. Other questions after those then fall in to more business policy type questions. For instance, which shipping methods do they use, what is their standard delivery time frames, do they ship internationally, do they ship to Canada, what type of shipping costs do they use, and what is their ordering process? What are their rush shipping options, or do they even provide rush shipping? What are their return and damaged product policies? Other questions might include how I might know when products are out of stock? How do they handle bulk orders? Do they provide note/gift cards or gift wrapping? Some of the questions you might ask, and even perhaps all the questions you ask might be clearly outlined on their site, I have found it’s still better to ask, if for the very least to establish communication prior to signing up (which sometimes you can't avoid). Typically I will even pay for one or more small items (after establishing their usability) to get a feel for their product quality. In dealing with drop-shippers, your company reputation is largely in your vendor’s hands. Although you will maintain communication with your customers, a lot of times your communication is based on the information you get from your vendor. If they're unresponsive, you will find yourself stringing your customer along, thus losing their trust. That then leads to a downhill trend and the potential failure of all your hard-earned work. Focusing on a specific product line will not only help to narrow your search for vendors, it will also help in your marketing efforts as well. You may find that if you carry more than one product line, you don’t really fit well when being “categorized” in and around the web. In addition, should your multi-product li Proposals - Three Easy Steps to Mix the Old With the New you specialize in? In the case of GiftsForYou.Biz, that would be crystal. The second question is whether or not they drop-ship? Although storing inventory isn't an issue for me, going to the Post Office or UPS (or even having them pick up) isn't practical. So, I need for my vendor to be able to ship the product for me. The third question then falls into place with drop-shipping in whether they will ship using my company name. Other questions after those then fall in to more business policy type questions. For instance, which shipping methods do they use, what is their standard delivery time frames, do they ship internationally, do they ship to Canada, what type of shipping costs do they use, and what is their ordering process? What are their rush shipping options, or do they even provide rush shipping? What are their return and damaged product policies? Other questions might include how I might know when products are out of stock? How do they handle bulk orders? Do they provide note/gift cards or gift wrapping?I have read many technical documents that are collages of past documentation. The most offensive violation of this is when the technical document is a proposal. Why? Proposals are used heavily for companies to remain in business. If the proposal looks like an agglomeration of past proposals, it could cost them the contract. I have seen proposals where writers even forgot to omit the last organization’s name and paragraphs had dissimilar phrases. Many businesses commit these mistakes, even Fortune 500 companies.There are three easy steps that can help you avoid such errors:1. After carefully reading the proposal instructions, make sure to have a brainstorming session so you can use your old proposals appropriately. One of the last companies that I worked for needed Some of the questions you might ask, and even perhaps all the questions you ask might be clearly outlined on their site, I have found it’s still better to ask, if for the very least to establish communication prior to signing up (which sometimes you can't avoid). Typically I will even pay for one or more small items (after establishing their usability) to get a feel for their product quality. In dealing with drop-shippers, your company reputation is largely in your vendor’s hands. Although you will maintain communication with your customers, a lot of times your communication is based on the information you get from your vendor. If they're unresponsive, you will find yourself stringing your customer along, thus losing their trust. That then leads to a downhill trend and the potential failure of all your hard-earned work. Focusing on a specific product line will not only help to narrow your search for vendors, it will also help in your marketing efforts as well. You may find that if you carry more than one product line, you don’t really fit well when being “categorized” in and around the web. In addition, should your multi-product li The Nuts and Bolts of Mystery Shopping questions you ask might be clearly outlined on their site, I have found it’s still better to ask, if for the very least to establish communication prior to signing up (which sometimes you can't avoid). Typically I will even pay for one or more small items (after establishing their usability) to get a feel for their product quality. In dealing with drop-shippers, your company reputation is largely in your vendor’s hands. Although you will maintain communication with your customers, a lot of times your communication is based on the information you get from your vendor. If they're unresponsive, you will find yourself stringing your customer along, thus losing their trust. That then leads to a downhill trend and the potential failure of all your hard-earned work.Mystery shopping is no longer a secretive, treacherous prank, played by ungrateful employers. It is now a legitimate survey technique that stretches beyond a simple measurement of compliance and service quality. Mystery shopping is a legitimate mechanism for enhancing loyalty and integrity, and is a useful self-evaluation method for employees to improve their work with customers. Mystery shopping is now very transparent, rather than “mysterious”, as employees are encouraged to embrace the usefulness of the results obtained through mystery shopping on the company premises. Mystery shopping, however, is not an ad hoc initiative to surprise, and possibly frustrate, with irrational pressure, but a controlled survey that follows a strict scenario and directions. To learn more about the nut Focusing on a specific product line will not only help to narrow your search for vendors, it will also help in your marketing efforts as well. You may find that if you carry more than one product line, you don’t really fit well when being “categorized” in and around the web. In addition, should your multi-product line vendor, for whatever reason, become unusable, you will find that finding a replacement vendor a bit easier for one product line, than finding a vendor that covers all the product lines you were promoting. Not to mention, these multi-product line companies, the good ones anyway, are few and far between. And we’ll save product saturation for another discussion. Finding and choosing a good product line, along with finding and choosing a good vendor, are both as important as finding and choosing your web host, payment processor, online catalog, shopping cart, and other technological aspects of starting your online business. Information on these topics are covered more in my "Web Site Promotion Tips" article located at: http://giftsforyou.biz/websitebuildingtips.shtml Keith D Commiskey
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