New Business Entrepreneurs – If You’re Looking For an Investor Without a Track Record, Scale Down

If you are looking to go into business for yourself and are hunting for an investor, but don’t have a proven track record in business, or in the field that you have chosen, you may have a very difficult time raising funds. Why do I say this–because I have been there and experienced the doubt and uncertainty that people have when you come to them with an idea for a business venture without having anything that will give an indication for future success. This doesn’t mean that they necessarily doubt you or your character, they just don’t see any previous accomplishments to give them enough confidence to invest in you.

It also doesn’t mean that you may not be successful in raising capital without a track record. You may have connections that will overlook your inexperience and give you the money you need. The odds, are, however, very low. When forming a business plan for a start up enterprise, it is much better to begin your venture as a scaled down, streamlined version of your larger vision. There are several advantages to doing this, regardless if you have funding or not. Here are some tips on how to proceed.

Focus on one product or service that you can market, promote and distribute with the least amount of expense. Choose one area, in other words, that you can master. Also, form a team of like-minded small businessmen and women who have the same overall goals that you have and brainstorm together. Bring in experts in their own fields like online marketing specialists and web site developers, as well as those who have businesses in related fields. When you network together with other entrepreneurs each will find in the other new sources of information and social business connections. For those of you who want to start a business but don’t have the money or the experience, there are several excellent companies, often called hybrid marketing companies, that you can find on the web that look for budding entrepreneurs. They offer free training and support and you won’t need the experience to get going. Whatever your circumstances, the only limitations that any of us have are the ones that we place on ourselves. Remove them and start your business life anew today.

Avoid These Mistakes As an Affiliate Home Based Business Entrepreneur

Many internet based business entrepreneurs today, who have websites of their own choose to earn an income with affiliate marketing. This is a great way to make money as there is no need to develop your own product or have any of the hassles that one encounters with collecting payment for products that you have sold, or the headache of having to ship these products to the respective customers.

The beauty of affiliate programs is that they are really simple to join and implement and the affiliate gets paid their commissions on a regular basis. This also gives everyone an equal chance of making money online and this attracts many people who are looking for a way to earn an extra income.

These are some of the mistakes that affiliate marketers need to avoid as these could end up costing them a fair amount of their profits on a daily basis.

1. The first mistake that many new affiliate marketers make is that they want to begin earning right away and they tend to choose a program that appears to be “hot” without actually thinking about whether or not the product really appeals to them or not. Making a decision in this manner is obviously not a good idea.

Instead of blindly following the crowd you would be wise to take a bit of time choosing a product that really interests you. For success in any undertaking you need some time to plan and work out what actions you should be taking.

If you research and choose a product that you find appealing and make sure that it is in demand, you will be able to promote it with far more confidence than something that you are only trying to sell to make money from.

2. Because it is so easy to join affiliate programs the temptation to join a multitude of them to try and earn more is something to avoid. We have all heard how important it is to have multiple sources of income and you may feel that you cannot lose by being a part of all these different programs, but the truth of the matter is that all this will do is dilute your focus as you will find it impossible to concentrate on each one of them.

The result of this is that you will not gain the maximum potential in any one of them and you will lose out on the kind of income that it may be possible to generate. The best way to achieve great results is by initially joining only one affiliate program and concentrating all your effort building that one.

The best time to look at joining another affiliate program is after the first one has begun to make a profit. If you follow the system of adding programs slowly but surely to your arsenal the chances of building a successful online income business are a great deal more achievable.

3. The last mistake that we are going to discuss here is the mistake of not buying and using the product or service yourself.

If your aim is to convince people to purchase a product the best way for you to do that is by using it yourself so that you know what the benefits and drawbacks are. If you have never used a product of service yourself how could you possibly convince someone else that it is good and know that this is true?

It is only when you experience something with a good outcome that you can truly get enthusiastic about it. This is the best way to relay the message that you want to pass on, as your natural excitement will be apparent in the way you promote what you are offering. Failing to do this will cost you dearly.

So to summarize; time is of the essence here. To build a profitable and successful online income based business you must take the necessary time to analyze and plan your strategies and check regularly to see whether or not you are on the right path.

Why Cloud Computing For Business Entrepreneurs?

Would it be nice if you were able to access your business applications and client data online from anywhere? To enjoy the flexibility of operating your business or official tasks from anywhere you might have to consider subscribing to a cloud computing service.

What are cloud-computing services?

Cloud computing services are companies that provide server space, e-mail accounts, domain names, software and several different business applications for use on a subscription basis via specific log-ins. The end users pay for the resources used, as they would for any utility bill.

Simple examples for cloud computing services

Free e-mail accounts and server space we enjoy from services like Hotmail, Gmail, and Yahoo, based on the cloud-computing model are simple examples. You can access your mails from anywhere, via the assigned log in and password from a web browser, with an internet connection.

Why cloud computing services for business entrepreneurs?

You need not spend on new versions of business software and business applications every time rather you can rent them. This helps reduce your overall business costs, enjoy newer versions at a low cost, paying for just what you use. The service provider will take care of upgrades, security, and performance enhancements. You need to just create a customized log in and use the services to improve your business.

Applications for businesses

User-friendly software applications for every business need ranging from marketing, sales, customer service, account maintenance and production are available from cloud computing services.

Customized services for small and big businesses

The software applications and tools needed for one business is not the same as other. The infrastructure, software, and platform requirements might also differ. You can consider subscribing to those tools and platforms that are ideal for your business and pay just for those services. Whether you are a small or big business, customization is possible. Customization is a great way of economizing your business management and business expansion plans.

Tools Offered By Cloud Computing Services

  • Contact management tools
  • Customer relationship management (CRM) tools
  • Sales force automation tools
  • Tools for custom application development for business processes
  • Software for customer service
  • Social networking and social media management tools

What do I need to use the cloud computing service?

  • An internet connection
  • An account with the cloud computing hosting service

Summarized Uses

  • Access your business data from anywhere
  • Get ample storage space for your company data on a remote server
  • Reduce hardware costs, expenditure on business management software, upgrades, and multiple licenses

Threats

Uploading and storing your company data in third-party servers can be a matter of concern for obvious reasons related to security and privacy. Since reputation matters for the survival of cloud computing companies, reputed companies do have security and privacy features in place to ward off worry.

Big Questions and Answers of Small Businesses Entrepreneurs

Organizing information, ideas and techniques to understand where your business can lead you. Will it be a success or a failure? Of course nobody wants to get failed especially when you’re just about to put up a small business and would contribute all resources involving time and money in the name of success.

On this Virtual age, growing business using different social media like Facebook, Twitter, MySpace, to name a few, and other free or inexpensive tools on the web to promote a different kinds of businesses or companies makes it a whole lot easier.

As the saying goes, “with great power comes great responsibilities” proves also to be true when it comes with businesses utilizing Social Media to the maximum. These great social media platforms and tools need great attention and proper concentration. Several questions would come to business entrepreneurs mind that needed precise and useful answers such as;

Q1. Would small businesses get acquainted with the idea of group buying?

Group buying is one of the latest fads in online shopping wherein consumers purchases as a whole or group to acquire big deals on products or services offered. The idea of selling your bulk products in a short period of time is very tempting even with small businesses entrepreneurs. Before jumping into a decision, you may want to consider these valuable queries, information and ideas.

The advantage of Group buying is generating a great sum of profits in a short matter of time. Deals were usually taken in a day. It is quoted as “A billion dollar web trend”. It gives you a great number of new consumers or clients signed up to test your products or services which is not bad if you or your company offers something of great significance to them. If you focus mainly on facilitating customer try outs or to generate fast money, then Group buying is right for you. If you give more value on sustaining a luxurious brand status or high revenue limits, then Group buying is not a very good idea for your business

Q2. How to utilize location-based services?

There are hundreds of location-based services that were built to assist users search and explore the best’s locations that surrounds them. Examples of these location-based services are Loopt, Gypsii, Plazes, Mobiluck, and a whole lot more. Stores and restaurants businesses with stable addresses take advantages of theses location-based services by contributing precise venue agreements. It has been a great challenge for businesses that are without exact addresses, like online and media services or companies. Be creative! Whenever you produce content online by means of a website or blog, if possible leave insider tips on other sites that are related to your content or business. Also, utilize these location-based services by using some mobile applications or sites that supplies advertisements and promotions to users in a particular location.

Q3. How to start a blog (if not a tech expert)?

Starting a blog does not require a computer science expert at all. There are lots of social media platforms that are user-friendly and require simple knowledge or understanding.

Building a website or a blog could be a lot of pressure or could be simple. There are hundreds of various content management systems to choose from like Concrete5, Cushycms, Modxcms, and more! Develop also your small business themes to enhance your professional looking web presence for your consumers while showing valuable information about your business and support a blog you’re using to link up with your consumers or clients.

If you are still perplexed on how to get your blog stand out and working, then consider on hiring a web designer or developer. Leaving things up to the experts also works than pushing yourself on something you are not capable of and beyond your interests and see your business flop! Remember, you can always hire a web designer or developer to help you grow your business.

Q4. Why social media strategy may not serve you well?

We all know in any aspects that too often or too little sometimes may bring us undesirable results. This implies in how often or little you should be updating your page. The best way of knowing when and how often should you send out a tweet, post on Facebook or check and revise other social sites is by observing and adjusting to the needs and wants of your customers. Also, your clients or consumers do not want a flood of marketing messages. Maintain your promotions to the lowest as possible and supply only valuable and relevant contents to your audience. Another reason would be the lack of important proposals for your audience. Commonly, consumers follow brands on social sites to for these following reasons, to avail discounts, promos, and be the first to know and buy newly endorsed products. Respond to your consumers’ needs to preserve their loyalty with your brand. Lack of advertisement is another factor why consumers or clients may not know or may never have heard your website. Make the most out of your website, location, poster ads, flyers, and social media business cards to promote and publicize your social media profile and your business’ or products’ details. Using social media as a tool for promoting your small business would clearly point out and support that you or your business and your consumers, clients or audience would deal or interact socially. The main reason of these different social media is to establish a relationship or commitment between two persons or group whether it is a business or personal related purposes. Interacting with your consumers or clients would help build trust and reliability on your products or brand.

Q5. How to optimize social media page for search engines?

Search Engine Optimization mainly concerns on your content. Significantly, your social media profiles and their URL’s should be after your business’ name. Sometimes, desired URL is unobtainable so modify another one as long as it was relatively on its original name. Avoid difficult and unidentifiable abbreviations and misspelled words. If you’re already done with your URL name, fill out all details about your business or brand. If you have other social media pages, add link to them to increase popularity of your website or social media profile by means of inbound links or backlinks. Link your business profile on each account you have on different social media platforms. In that way users may connect with you with their own preferred social media sites. Lastly, constant updating of your page providing good content that would be very useful to your audience would be great. Always add something that would interest your audience and maintain their expectations.

With all these guidelines, we hope it could help you in any way it can. Trial and error is good, but wasting your resources and much valued time would not be practical enough to let all your efforts go to waste. We still believe in this saying, “Prevention is better than cure”. Which does not only applies on our health issues, but also in our whole aspects as a person, and as a businessman. Prevention means being aware, having equipped knowledge and better understanding which is far better than finding your business caught between hard situations that would seem impossible to put up again and flop eventually.