Archive for the ‘Small Business Strategies’ Category
Top 6 Small Business Suggestions to capture the year 2009
June 22nd, 2009 | 
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“A pessimist sees difficulty in every opportunity but an optimist sees opportunity in every difficulty”
That’s the spirit we all need to have to survive in such threatening circumstances bought in by Recession. With the increase in downsizing trends, more and more people are laid off from their jobs, making survival more difficult.
In such situation we have two paths to follow: either look for a new job or start a small business. Personally I think, following the former choice will continue our insecurity and won’t lead us anyway.
So, gather some courage and opt to have a small business of your own. Well, I am not asking you to jump in the pool without any research and guidance.
Therefore, I list top 10 suggestions to consider while deciding to start with a new small business.
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Do-It-Yourself Business:
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Energy saving business:
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Online business:
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Cheap / recycled product business:
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Home Based Business:
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Mobile Business:
Try some low budget DYI businesses. You can provide people with products/ services that allow them to DYI something; such as home cleaning products. This will surely make more clients come to you to buy cheap products and do their tasks themselves.
Energy saving businesses are predicted to be on roll for this year. Any business with products/services on energy cost-cutting systems can make you a hit. Producing or distributing LED lightings will be the right business this year.
Although before the recession, the concept of Online Business was getting its fame but now it has become the most easy and successful way to earn. With $50 (a domain name + affordable web hosting fee) you can start a small online business and head towards a lucrative business.
“Turning trash into cash” type of business is very, very lucrative this year. With the increase in material and production costs, making use of ‘useless’ materials and create something out of them will proved to be a thriving business.
With the ever available internet, don’t under estimate your talent and skills. Working from home, will not only be economical but also give you a chance to try two your skills in different fields.
Location independent business owners seem to have a bright scope rather than entrepreneurs sitting in one room of the same city. IPhone and MacBook Air now enable you to run your business wherever you are.
This is a short list which I figure out to be workable and successful for small business owners for the year 2009. Do you have more suggestions to add to it? If so, go ahead…we all need to help each other to survive this critical period of Recession.
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7 Startup Business Ideas – Small plans can make you BIG!!
| In today’s date when Recession has destructed our economy with its sharp piercing claws, we all seek of new and simple ways to earn. Many people have lost their jobs while others are fearful about their present professional careers. Considering all these circumstances, I am sure you all would love to grab some effective business ideas which can earn you good money with less investment.
Below I offer you 7 part-time jobs which can be turned into solo business ventures. Maybe any of these small ideas might bring in big business for you. |
Bakery Business: |
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Have you ever checked the sales of the best independent bakeries around the world? I am sure you will be amazed to know how small bakers turned into rich entrepreneurs. In 1994, Jim Lahey started Sullivan Street Bakery after several years experimenting as a home baker. Today, his company has about $6 million in annual revenues and about 90 employees. Pick up a simple bakery item initially, like cupcakes. If you start with a $2 as the starting deal I think you can give competition to New York’s famed Magnolia Bakery which sells 2,000 cupcakes a day. |
Blogging: |
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| It is a fact that if you are good at blog writing you can earn loads from your blog. It’s a business which simply requires your passion for writing. You need to pick a topic about which you are well researched and have a vast audience to target. Begin writing and start participating in online communities where people are interested to know about the topic you are writing. |
Dress/Jewelry Designing: |
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| I think you don’t need much qualification for this business. You just need to have a good taste and creative instinct. About half of all jewelry makers in the U.S. are self-employed selling to thousands of brick-and-mortar retailers. Be sure to have designs within all price ranges so you get to capture all types of clients. Your evening time or weekends can do enough good to this profession. |
EBay Sale: |
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We all know how famous and easy E-bay purchasing is. Well, pick a niche that interests you and expertly monitor what it already sells online so you can set prices accurately. From books to electronics, buy anything in bulk from E-Bay and then sell it individually, keeping your profits. You can also pick resalable items from the street which are given away for pennies. You buy them and sale at reasonable prices online.
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Book Keeping: |
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If you are good with bookkeeping soft wares you can start with a company offering to manage with record keeping. Every company needs staff to help with record-keeping, accounting, and other tasks. You can advertise for people expert at bookkeeping stuff and then advertise your services online. I am sure; you will be approached by number of companies.
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Web Designing: |
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| If you are done with few designing courses and have a sharp eye for website designing, I would advice you to start making money while sitting in your room. Begin by building sites for friends and contacts to accumulate a portfolio. Focus on a niche, like designing pages for bands or restaurants, where you can develop a name for yourself in the community and get referrals from your early clients. |
Floral designer: |
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| Beauty and colors of flowers inspire everyone on earth. Turn your love for flowers into a proper bouquet arrangement business. You just need to get flower arrangement course done from any vocational or private floral school and then start taking orders for weddings, bar mitzvahs and dinner parties. About one-third of the estimated 87,000 floral designers are self-employed, according to the Labor Dept. |
Top 8 ways for Small Business Owners to fight the Recession
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Lately, it seems as if business owners (small or big) have nothing else on Earth to discuss other than the recession disaster. The misfortune it has brought to lives of countless people is depressing but I was amazed when I accidentally ran into one of my old buddies at a book store. After regular pleasantries when inquired about his business conditions (thinking he would start whining soon) I was taken aback when he said “He loves the recession and recently bought a new car as well” Being too impressed by his statement I could just not let him go and offered a cup of coffee at a close by cafeteria. Here he shared some easy and simple ways howto survive the recession and also help my business grow. And yes you are right…I couldn’t stop myself from forwarding it to you all. I am sure soon you will be able to purchase a car (German or Japanese) as well |
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Reduce prices to keep your customers wallets open :People are avoiding making expensive and big purchases, so its better that you drop your product prices for time being. In fact, by reducing your prices, you are forcing your customers to keep shopping. |
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Ease your customers’ fears :All the gloom and doom news has frightened laymen. When we hear big business tycoons claiming being bankrupt, they get more scared. They are holding back their money thinking it will help them in worst times. Help them relax by understanding that this economic melt-down shall pass soon. |
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Win their trust :Firstly, if you want to close a deal with any of your customer try to agree with their perspective. Make them feel that you understand and agree with them. Once they get a feeling that you can understand their problems they will accept your offers. |
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Respect their dreams :We all have dreams and want them to be true as soon as possible. To customers, our products and services take them closer to their dreams. Show your sensitivity towards their values and tell them how you can help their dreams come true. |
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Offer special discounts and bonus :It’s human nature that “discount” and “Free Coupon” tags always attract customers. Invite customers with special discount days or adding a line of products that customers have been asking for. |
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Extra services would do some good :Try offering some extra service of your same field. For example, if you clean residential homes, why not start cleaning windows or cleaning offices. It will get more people approaching you and getting all things done from same place. |
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Low budget advertisement :Advertising is always important throughout for every business to get customers flowing in. Rather than avoiding your business advertisement during critical period of recession its better to look for some cheap ways to promote your services. Try some online advertisement with blogging, as earlier I mentioned wonders of blogging for small businesses. |
| If you have a small business you need to develop some intelligent strategies to attract customers. However, these ways are not just enough. Approach some of your old and legible customers who have trusted you for years. Ask them what services you can offer to make them comfortable during this tough time of recession. Many times your customer’s have the best suggestions. | |
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