Apr 22

Ebay Business Plan Tips For Writing A Successful Business Plan

Writing a business plan is important for every business. It is the key to the business, identifying what you want to do, what you predict your profits to be and sorting out your customer service.

You may think that if you are writing a business plan for your eBay business that you will have to write something quite different.

However, an eBay business plan is really very much the same, if not a little simpler. For example your eBay business plan, like any business plan should include information on product selection, inventory management, and purchasing, pricing, order processing and customer service.

Product selection will be pretty much the same as with any other business except that eBay does not allow few products, this is not likely to limit your choice too much.

Inventory management can be done with software as it would be done in any other business but you could use eBay’s specially designed software if you wish to.

Purchasing will be the same as with any other business.

Pricing may be slightly different as you have the option with eBay to auction items as well as selling them at a fixed price.

If you auction items then you will not be able to determine the prices but you may be able to predict them and you can certainly calculate what your minimum selling price will be as this will be your starting price for your auction.

Order processing and fulfilment should be quite simple. You will need to comply with eBay’s guidelines as to timescales but as with any other business you will want to ship items as soon as you can.

Customer service is probably the last main area that you will need to include in your business plan

Apr 19

Technology Traps for Associations to Avoid

Technology is supposed to make our lives easier, but that isn’t always the case. If your association doesn’t have a clear technology vision and plan, the programs and tools designed to improve your organization can work against you.

Here are three technology traps to watch for in your association.

Technology Trap #1: Shiny Object Syndrome

It can be tempting to jump on the latest technology fad and convince yourself your organization must invest in it. For example, does your association really need a custom app?

Maybe.

But before you spend precious budget dollars on building one, be sure you understand why you are doing it first. How will the technology help your organization? Is the area a pain point – or is this a “nice to have” expenditure?

Buying something just because it is cool or trendy doesn’t pass the spending test.

Technology Trap #2: Creating a Piecemeal System

This month your association is focused on email, so you subscribe to a newsletter service. Next month, the focus shifts to online registration, so you subscribe to a different provider for that. Then your association decides to dedicate time and resources to blogging, so you invest in a content management system.

Before you know it, you have accounts all across the internet and monthly payments to multiple services.

Streamline your association’s service providers by investing in a membership management service that offers all the tools you need.

Not having to remember numerous passwords is a benefit for using an all-in-one system.

However, the biggest benefit is comprehensive reporting. By having all your information in one place, you won’t have to export data from all the accounts and then try to synchronize it in a spreadsheet.

Technology Trap #3: Not Using All Tools Available

Now that you’ve invested in membership marketing software, are you taking advantage of all the resources available?

It can be tempting to continue

Apr 18

Distressed Inventory Helps Drive E-commerce Growth, Finding New Online Channels And Business Models

With the continued innovation and expansion of online sales channels, more companies saddled with excess or closeout inventory are discovering innovative ways to sell their inventory. Not only do these non-traditional sales channels provide a quick return for vendors, these channels also help keep off-price discounted sales under the radar screen from their primary or traditional channels.
The more obvious online sales channels for unloading distressed inventory in the past have been companies like Overstock.com, Surplus.net, or even Ebay. In the past 12-18 months however, some newcomers have come to the liquidation market with innovative models for unloading inventory. One such model is the deal-of-the-day concept, pioneered by a little know company called Woot.com. The deal-of-the-day concept offers one product at a great price for only 24 hours. The item will never be sold again as the deal-of-the-day, whether it sells out or not, so the Woot community, consisting of 2 million registered members keeps a close eye on these daily deals. There are over 100 companies now that are emulating this unique model, and Woot was recently acquired by Amazon.com. Another unique model is the daily promotional announcement, such as Groupon, but with many newcomers focused on distressed inventory as well. This model is more tailored and localized than the Woot model, and utilizes opt-in email blast linked back to a web site with several product offerings, which have proven to be very successful in sales growth. Yet another unique model that is gaining popularity is the online business auction where a large distressed inventory lot is open for bid as an absolute auction, which means no reserve price is required for a sale. Web sites such as Salvagesale and Liquidation.com cater to these types of large lot sales within a business to business environment. This model caters

Apr 18

How to Achieve Accurate Revenue Forecasting

In planning for the future, the past is quite often your best friend. In the business world, things tend to be pretty cyclical. Use your CRM to gain a full overview of not only your current sales pipeline, but also the pipeline of the past; there are valuable insights to be gleaned.

– Make the Most of Your CRM

Do you have a CRM in place? Are you using it to its full potential, gaining total insight into company history, data, processes and more? A CRM is a crucial intersection into your business, giving you full access to the way in which all company departments are performing. How can you accurately forecast future revenue if you are incapable of finding out how much profit you’re currently making and have done for the past few years?

If you have chosen a user friendly CRM like Microsoft Dynamics, all the information you will need should be obvious to you, increasing your pipeline visibility.

– Train Your Team

The best way to get the most out of your CRM is to make sure that all your staff are well trained in using it. Firstly, get to know the ‘quick win’ functions within your company’s CRM. Take part in some general all-round training then advance this knowledge with further training, specifically honed into the financial elements of the system. Knowing your way around the CRM means that you’re only ever a few clicks away from visibility of your company’s financial information.

– Think Long Term, Act Short Term

The key to all revenue forecasting is to think long term; there is very little point in forecasting for the following week. It doesn’t provide enough useful information for your business to develop. Having said that, in all likelihood, the forecast you lay out for the next 6, 12 or 24 months won’t

Apr 17

Tips for your own home Business

Tips for your own home Business

Building home businesses is often rewarding, yet difficult. Spending time on your business is what will make it successful. The business will thrive in time, but the first days and months can be a challenge. Just like anything else, work and effort are required for your business to flourish.sh.

Even when you are working from home, you should take pride in your appearance. In a home office scenario, you may feel the desire to work in your pajamas. Getting dressed for work, just like in a normal business, can benefit you in the long run. By dressing up and feeling great, you will be on the right path to making your business as successful as possible.

It is important to take breaks when running a home business, but don’t let these breaks distract you for long. Don’t start painting a bathroom or playing a video game.

It’s vital to have an office space to work from when running a business from home. It doesn’t have to be gigantic, but it does need to be cozy. Set up a room that inspires you to work hard and makes you feel comfortable and calm. If the office is small, make that an inspiration to grow your business: so you can afford a bigger office.

Don’t let family constantly interrupt when working from the house. Because interruptions disrupt your work day, tell everyone if you are working and when you think you’ll be done.

Beginning a home business enterprise is exciting. A lot of people want to be their own boss. As your own boss, you will have the responsibility of being professional and getting the most from your own business.

It is important that you remain employed during the early stages of your new business. Chances are that your

Apr 17

Sap Business One Mobile Application For Iphone

This mobile app for iPhone lets you stay in touch with your business and customer data while away from the office. It enables you to instantly connect with your SAP Business One application via iPhone to check on inventory and customers, access reports, receive alerts, and process approvals.

REQUIREMENTS
Apple iPhone or iPod touch with iOS3.2 or higher
SAP Business One professional user license
LANGUAGE
Supports all SAP Business One languages
SECURITY
SSL or VPN secured online server access, no data storage or caching on device, no offline usage
Overview:

Complete
Mobile customized reports and metrics, approvals, alerts, business partner and stock data
Intuitive
Easy to navigate with a finger tip
Graphical data representation
Interactive
Real-time data access
Respond directly and trigger remote processes

Key Features

Alerts and Approvals: You can get alerts on specific events (such as violation of limits for tax, unit price or deviations from credit limit, discount or gross profit) and approval requests awaiting for your immediate action. Trigger remote actions, and drill into the relevant content or metric before making your decision.
Reports: You can refer to built-in Crystal reports that present key information about your business. You can add your own customized reports. From the mobile device you can easily share the reports via e-mail.
Business Partners: You can check and edit addresses, email-addresses, phone numbers, contact details, view historical activities, and special prices; contact or locate business partners; create new business partners; log new activities. All changes get automatically updated in SAP Business One on the backend.
Stock Info: You can monitor your stock/inventory levels and get detailed information about every item in your business. Furthermore you can preview item pictures and check pricing information

Apr 15

Your Guide to Doing Business in Dubai

Generally speaking, finance has mostly been ‘international’ in character; capital on other hand has very rarely been mobile. Money has moved freely across countries for all of ages with silver, gold being international for centuries. With passage of time, money has been re-transforming to its organic state with easing of capital limitations and the lateral re-integration of country capital and banking markets but – now on a inernational scale.

Whether your company is a start-up business or a Multi-national company, a undivided family unit or a listed company, maximizing profits in today’s challenging and competitive environment suggests care and caution in everything you do. The business environment has changed and you cannot assume that you understand the new landscape.

Post economic downturn, businesses are now being more aler and choosy in choosing the right terittory that will allow achieve maximum profits and serve business requirement through trade driven forces to continue. Besides, strong infrastructure, property buyers wish to prefer a territory that offers stable and open economic regime, skilled workforce, lower tax rates, minimal transport and communication costs and so on.

Should you consider to incorporate a new business, or wish to buy a property, you will have to obtain legal protection assistance for your requirement. It is strongly recommended that you consider United Arab Emirates as your initial choice. These are main advantages Dubai offers:

a.100 percent expatriate ownership and control in free trade zones

b.No income tax

c.No exchange controls or restrictions

d.Easy repatriation of business profits

e.Double tax avoidance treaty with several countries

f.Internationally known adopted form of laws and codes

g.Lower transportation-communication and technological costs

h. option to incorporate in DIFC, a world class free zone that works with other banking regulatory agencies located in

Apr 15

How To Organise Your Photography Business

Juggling the day to day running of a photography business can take time & efforts on your part. This is the work which no one likes, paperwork, invoices, etc. Important thing is not to replicate and duplicate things, this takes up more time than we realise and lost time equals losing money. Every business (photography or not) needs to have a system in place. Keeping track of your contacts, equipment, jobs, sales, purchases, marketing, diary & products and a lot more.

Many photographers use a spreadsheet to run their business. Spreadsheets are fine if you want to crunch numbers and perform automatic calculations, create charts, ‘what if’ scenarios or keep track of simple list of data. However, you will end up entering the same values of information into multiple spreadsheets. This is not time efficient and you need to update different files if you are tracking related information in several spreadsheets. When you use a spreadsheet, viewing the set of data is not easy and quite often requires lots of scrolling to view it!!

Alternative to spreadsheets is a database management system which will simplify your work and allow you more time to do whatever you want, whether being behind the camera or with your family! A database will help you manage all your day to day business tasks with ease, answer questions and solve problems, link related data, view data in different ways and a lot lot more…

Here is what you need to do simplify your day to day tasks:

1. Keeping track of your contacts i.e leads, customers, suppliers,

2. Sending quotations and confirmations of bookings in a professionally laid out PDF format

3. Manage your work flow tasks / reminders for things to do on specific dates

4. Raising sales invoices / inputting purchase invoices

5.

Apr 14

Different Strategic Levels In A Business Organization

A business strategy defines the direction in which a business will take in the future. The business organization tries to achieve an advantage over the competition by the configuration of its resources within a confronting setting so that the needs of the market are met and the expectations of its stockholders are fulfilled. This is the overall definition of a business strategy. This focuses a business organization on which market it should engage in and the activities that are needed to compete in that particular market for the business to grow.

In making a business strategy, the planners need to determine how the organization can outperform its competition in a particular market niche. These are the advantages of the company which it needs to utilize, in order to gain the upper hand. In this connection, the right resources that the company can utilize should be gained, in order to maintain its competitive advantage. These resources will include the skills, various company assets, relationships, facilities and technical competence. As an organization plan how to manage its resources, it should also take into consideration the environment in which it is to operate. These are the external factors which can have an effect on the ability of a business organization to compete. Furthermore, the hope and values of its stakeholders should also be taken into account on the overall business strategy.

Though there is an overall strategy which a business organization enforces, there are different levels in a business setting where particular strategies are implemented. First there is the so called corporate strategy. In this particular strategy level, the focus is on the overall purpose and coverage of the organization to meet the expectations of its stockholders. This is crucial to the company since it has a great influence on its investors and

Apr 13

Effective Services Of Business Process Consulting Firms Boost The Growth Of Any Organization

If you are an entrepreneur, you will surely agree on the fact that in order to survive in this highly competitive business world, every business requires a professional help. Thus, the role of consulting companies comes in right at the very primary stage. The very effective business process consulting services are committed to deliver you excellence at every step as they are professionally collaborated with business firms. They solicit plethora of new organizations in developing their businesses and also give their contribution in boosting the marketing strategies of existing companies. With their systematic business plans and vast experience these professional firms deliver you the excellent consulting services.

Majority of successfully executed business projects have taken assistance from these professional firms who have insight into the real tactics and which further help to grow your business with quick boost. Moreover, these experienced organizations after achieving the objectives of your venture in the most quick and budgeted manner propel your company to the heights of success.

These renowned firms with their effective services offer you quality decision based on reviews and assessments, which are most judicious and well thought by these professionals. These reviews are implemented by the experts of the industry in order to have rapid realization of actual goals. With their dedication and hard work, these firms execute problem identification techniques, effective solutions as well as profitable business analysis.

Therefore, these professional consulting services with their real objective add positive value to your venture by managing the dynamics of modern business in most effective and excellent manner. Thus, you get timely and risk free execution of all your desired goals.

Primary Services Offered by Business Process Consulting Firms:

Fair and Deep Analysis: A venture involves number of figures and facts. And these consulting services aptly understand the real essence and

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