Business

Business Tips & Info



Your Products or Service

To increase your chances of product or service success, you must know many important things about your product or service. Visiting the competitors, testing manufactured goods or the services of potential competitors is an informal and very valuable process.

"Recipe for Business Success:

Always keep your eye on the competition, work out your costs, make sure your price is right, develop effective marketing, and play to win!"

~ Maya Gavric

Important Questions

Keep a record of the answers to these questions:

1. Is there a need for your service or products? If yes, is that seasonal or year-long?

2. Do you know what to charge to cover your costs?

3. Are your prices competitive?

4. How important is low price?

5. Is service more important?

6. Must you include delivery cost in your price?

7. What will discounts do to your markup?

8. Must you give discounts for cash, volume, distributors, salespeople?

9. Are your products unique, eye appealing, higher quality or better designed?

10. Must you offer a guarantee?

11. What will be your return policy?

12. Must you stock parts for service?

13. How much is normal advertising costs for your products?

14. What media? How often? Seasonal?

15. Is any free publicity available?

16. Do you have a trademark or logo? Is it registered?

17. Will you need an advertising agency?

18. If you are buying how much of each (size, color) will you buy? From whom?

19. Can you return unsold merchandise?

20. Have you stock control plan to avoid overstock, under stock and out of stocks?

21. Have you established a line of credit with your suppliers? How long?

22. If you are a manufacturer how will you sell - through dealers, distributors, sales agents or direct?

23. What type of distribution is common in the industry?

24. Do transportation costs dictate the best method of distribution?

25. What percentage of the market will you get?


Related Links:

Businesss Guide

The Business Fundamentals

Getting a Financial Picture

Your Customers

Market Research

Create Ads That Sell

Business Tips

The Power of Appreciation

Team work is the best tool for any business. Show some appreciation to your workers. Employee appreciation and personal thanks, whether in a small business or large corporation works magic. Every employee wants acknowledgment and personal appreciation, which is also the best way to keep them more productive, engaged, loyal and eager to contribute. Employee recognition is a powerful tool to create culture of engagement, so don't forget to offer personal thanks to your older team members. For people new in the business, experienced and older team members can provide support and guide every step of the way, if they are motivated.



Promote locally
to build long term loyalty
Add personal touch
to build trust and connection
Combine the best tools
use online and offline marketing

Did You Know?

It doesn't take a fortune to sell your products and services on the Internet. It just takes some knowledge of what your customers want and how to find a way to present your sales solution to them.

For business people either selling products or promoting their services on the Internet, the importance of attractive, fast, usable sites can't be overstressed. Much like a counter person or storefront, the appearance and function of a business' website conveys an image of the company to the customer.

Your website is your image on the Internet. That image can either be good or bad, and bad images don't sell. Adhering to a few common sense web design rules can help with the public's perception of your company and increase your sales. Find out more...