Opening A Dollar Store - Rewards of Business Ownership
May 31, 2010 by Kenny Santos
Filed under Business/Network Marketing
There are many potential rewards associated with opening a dollar store. However, with those rewards come many risks as well. It is important that the entrepreneur who is opening a dollar store carefully determine what those rewards are in their case and then compare the rewards to the many risks that will also be faced.
So what are some of the rewards associated with opening a dollar store? The rewards can include the potential for monetary profits. There is also the freedom associated with working for yourself, and the pride associated with owning your own business. Among the biggest rewards for many is getting rid of the 9-to-5 J-O-B and the boss that comes with that J-O-B.
All of these rewards and more are attainable if you are opening a dollar store. Well run dollar stores can be profitable. Owning and operating your own business does offer a degree of independence. You can definitely determine what you do and when you will do it. (However, never lose sight of the fact that mistakes can affect business performance.) There is nothing to compare to the pride as you stand in your finished and ready to open for the first time store. Say goodbye to your boss; you are now your own boss.
All of these rewards are well worth seeking. They are all very achievable when opening a dollar store. However never allow those rewards to blind you to the risks associated with business ownership. Recognize the rewards. Recognize the risks. Together they define your potential business success. It is absolutely no fun to see a business fail because the risks existed, yet they were not recognized or properly addressed because of the potential rewards.
To Your Dollar Store Success!
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Do you want to own your own Dollar Store? Visit http://www.openingadollarstore.com for more information. |
Virtual Real Estate Investing in 2006 by Jack Humphrey
May 30, 2010 by Kenny Santos
Filed under Real Estate Investing
Copyright 2006 Tale Chaser Publishing, Inc.
Virtual real estate is becoming more and more lucrative as the “overnight successes” (spam sites) are disappearing due to search engines “sand boxing” all new sites and de-listing spammers.
Gone forever are the days where anyone with moderate experience could come into a market and dominate it within a month or two in the search engines. Since Google and other engines no longer reward new sites of any kind with immediate results, only the mature, savvy e-real estate investor will win the day in 2006.
Smart niche site network publishers have been gearing up for 2006 with solid, well-thought-out site designs, content strategies, and niche research to place content rich sites up with no other goal than to let them grow and season into very valuable properties in 6-8 months time.
Having a site entrenched in the search engines means you have been around for at least 3 months - and that is stretching it. Rewards are coming to those who wait patiently. And only to those content site publishers who build real sites, not the spammy sites we were all waiting anxiously to disappear from the engines last year.
Finally, content, which has been referred to as “King” for years, (but treated in reality like a cheap whore until recently) is truly the focus of smart investors looking to build a network of sites on special niches to attract lucrative advertising and product sales revenue.
Many virtual investors and developers who have built now popular sites are selling their networks for millions today.
And this is the real “out.” Smart virtual real estate investors not only build to profit in the short term, but are building popular sites and networks of sites with an eye to cash out big in the coming year.
All it really takes is good research, creativity in isolating a market, and most of all - patience. The longer you let your network grow and season and the more popular you make it with strong promotion tactics, the more it is worth to investors who are looking for any site network that moves traffic.
The second level of virtual real estate investing is buying up networks of content sites and focusing the traffic on profitable product lines, affiliate product sales, services of all kinds, and for advertising revenue.
Investors who sell traffic via banner advertising, pay per click, and any number of text linking schemes always seem to have a higher demand for ad space than traffic supply. This will continue to be the case in the coming years and smart niche site publishers are banking on the advertising industry’s insatiable appetite for good targeted traffic.
Once people get over the Adsense boom and bust period of 2005, they will start to realize that Adsense is merely “funded research” and the big game is the virtual properties themselves.
Biggest mistake in 2006?
Spam sites! Once they are dropped out of the engines, and they all have been or will be soon, they are totally valueless. Complete and utter failures from the domain name to the time and money poured into them.
Yet publishers who go the extra mile and exercise a modicum of respect for their industry are still floating the wave of profits by creating real sites.
Think about it this way: A publisher who starts from nothing today and builds one rich content site per week in 2006 is going to have about 52 sites this time next year.
With a good marketing plan for each site which includes no SEO tricks and nothing even “grey hat” in the mix, she should have the ability to isolate 10 sites in her network worth spending more time on than the others. This is given that the revenue model for each of the 10 sites is producing at least $10 per day.
Turning those 10 sites into $30 a day earners can pluck up over $100,000.00 in revenue in a year’s time! With good research on profitable niches to provide with good content, and a simple but solid marketing plan for each site, anyone with the proper training and patience can get into the game.
Now the publisher in the above example is pulling in $300 per day with just 10 sites. Last year it took upwards of 100 or more spam sites to do the same thing with no hope it would continue from day to day depending on when the engines caught up with them and de-listed them.
The publisher in the above example can keep that money rolling in indefinitely without fear because her 10 sites are perfect content sites that search engines love. No tricks and no spam software involved.
A publisher can then go on to find the next 10 winners in their network or continue to focus on the current 10 with an eye on drastically improving one or all of the sites’ profit margins with ramped up marketing and content development.
Now comes the great part. A publisher who finds their 10 winners and develops them into sites that average 300-500 visitors per day each now has a network of sites pulling in 3000-5000 eyeballs each and every day.
Depending on the markets served with the 10 winners, a site network like this, which has proven revenue and traffic, can easily value from $150,000.00 and up these days.
Why? Because of the traffic, proven profits, and the quality of the sites themselves. This is something that was totally forgotten in the Adsense spam site days. The guys who built 5000 sites with no more value than a single, traffic-less affiliate casino site have lost everything they worked for. Once they were out of the engines, they were out of business.
And they have nothing to sell. No assets. No content means no value. No search engine rankings means no serious traffic and no revenue.
But the publisher who built just 10 content sites last year that are now doing at least $30 each per day is sitting on not only $109,500.00 gross yearly revenue, but also a network worth far more than that which they can sell to rabid investors looking for just such a deal to land in their lap each and every day.
Again, all it takes is knowing the niche publishing industry and the tactics for creating and marketing content rich niche sites and a little patience.
This is what the market wants. All you have to do is give it the elbow grease it deserves to reap massive profits down the relatively short road to success.
About the Author
Jack Humphrey is the managing partner of http://www.contentdesk.com and author of the renowned Power Linking series of internet marketing courses. More information on the niche publishing industry can be found at http://www.contentdesk.com/csb
The Secret For Successful Real Estate Investing In California
May 28, 2010 by Kenny Santos
Filed under Real Estate Investing
It would seem to most people that there would be few opportunities for California real estate investing.
The state has one of the highest costs of living of all the states in the country. While this increase in cost of living keeps many Americans from moving out West, there are still some people who make the state their permanent residence.
There is constantly an influx of people moving into the state of California creating a constant demand for real estate. This demand is what keeps California real estate investing an opportunity for real estate investors.
For success in California real estate investing, investors much keep a consistent watch on the real estate trends. While there are some cities in the state that will always be popular, those cities that present the biggest opportunity for investing are always changing. Investors must pay close attention to market trends in these cities.
In California real estate investing, there are some key factors to pay attention to. One of these factors is the average days on the market for homes. This number lets investors know how long they can expect for a home to stay on the market before it is sold. If the number decreases over a period of time then the market is speeding up and it is a good time to invest.
On the other hand if the average days on hand is increasing, the market is slowing. Investors that currently hold properties should sell to keep from losing money in California real estate investing. In the case that time on the market is increasing, investors in California real estate might need to adjust the price of their homes to make sure they are selling.
Sacramento and San Diego are two key markets that are slowing. California real estate investing in either of these markets is not advised. Investors that already have these markets? real estate in their portfolio should divest the properties quickly. The exception is if the properties are rentals rather than homes for sale. However, if the homes are intended to be sold, the best time to do so is now. Waiting to sell the properties could result in losses.
Condominiums are one type of property that never seem to lose steam in California. In most cities, even those that overall home sales are declining, purchase of condos are still on the rise. The California real estate investing market is safe for condos.
Oakland, San Francisco, and Riverside are a few cities that are safe for California real estate investing. Despite the decline in many other California cities, these continue to display signs of growth. In the past, California real estate has proven to be trendy. Residents do not remain interested in one place for an extended period of time. While investors will be able to make a profit in these areas for the time being, they should not expect for these markets to be profitable for long.
For the best opportunity for success in California real estate investing, investors should study the markets for a period of time prior to making any transactions.
Take advantage of these tips and you are sure to make good profits in California
About the Author:
Claim a free e-book that will show you a system used to control $4.1million worth of real estate for just $22 - and you can follow this system to do the same. Comes with resale rights from: Free Real Estate Fortunes Ebook
Small Business Ownership and Whole Business Accommodations
May 28, 2010 by Kenny Santos
Filed under Business/Network Marketing
Self-employment is never easy, and there are increased challenges when the business owner has disabilities. Business owners with disabilities need to find ways to operate their businesses successful in a competitive environment.
Small Business Ownership and Whole Business Accommodations; By Alice Weiss Doyel; BOLD Consulting Group, LLC
This article contains excerpts from No More Job Interviews! Self-Employment Strategies for People with Disabilities, by Alice Weiss Doyel (2000). Used with permission of the publisher, Training Resource Network, Inc.
Even when the economy was strong, three-fourths of the people with moderate to severe disabilities remained unemployed. Not surprisingly, many people with disabilities see small business ownership as their chance for economic self-sufficiency.
Self-employment is never easy, and there are increased challenges when the business owner has disabilities. Business owners with disabilities need to find ways to operate their businesses successful in a competitive environment. A few years ago I saw my own disabilities become more severe. I knew that I needed to find ways to run my company more effectively. My years of experience as a small business consultant helped me develop the concept of Whole Business Accommodations. I realized that as business owners with disabilities, we must create workplace accommodations which take into consideration the success of our entire business.
Whole Business Accommodations permeate the full scope of the business.
* Operations planning should include accommodations for the owner’s disabilities. These accommodations are not just for the physical attributes of the office, e.g., access, furniture, equipment. These accommodations should take into consideration the people who will be part of the business, or closely associated with it. Whether they are business partners, associates, employees, vendors, family members or support providers, these people are an integral part of making the business work. Their roles in supporting the business owner with disabilities must be integrated into their business functions through the business planning process.
* Marketing capabilities are often affected by the owners disabilities. Determining potentially effective marketing approaches during business planning will allow the company to test and determine the best ways to reach and sell to customers. Some people with disabilities believe that an Internet website is the answer to their marketing challenges. However, the Internet should almost always be used as a secondary marketing approach. There must be direct marketing either by the owner with disabilities, by other company owners or employees, or by sales representatives in order to create a successful marketing effort. * Financial planning is a challenge for business owners with disabilities. Many people with disabilities have few assets of value to help secure a business loan. They may have lived for years in poverty, unable to establish a sound credit record. They may have poor credit due to an unexpected health emergency or accident that created large medical expenses at the same time that they were no longer able to work. Micro-loan programs are a resource for small business owners with disabilities who have viable business plans for start up or existing businesses. These programs will take into consideration disability-related financial limitations and credit problems. Some Whole Business Accommodations are free while others may be quite expensive. All accommodations must meet the same financial test as any other business expense: 1. Can the Whole Business Accommodation be paid for? 2. Is this an effective use of limited company funds? The following are specific examples of Whole Business Accommodations which are consistent with best business practices:
* Creating an accessible office. Many accessibility methods are free or inexpensive, e.g., arranging office furniture and equipment for the greatest ease of use, telephones with easy to read displays and/or large keys, speakerphones or head sets, open storage shelving for easy access, keyboard and mouse that fits the owners physical needs, free Microsoft accessibility utilities, and tables and desks with comfortable wheelchair access. Good office design saves time and energy that the business owner can put into the business. * Including alternative means of transportation in the business plan, e.g., hiring a part-time driver, finding volunteer drivers such as family members or friends, determining effective methods for using public transportation and/or taxi services, and teleconferencing instead of in-person meetings. Business owners with disabilities can host meetings in their own offices, minimizing the need for transportation.
* Using company business policies that protect business owners with disabilities from working in a manner adverse to their health. Developing these policies requires the owner to evaluate and determine the most effective means of running the business. This analysis leads to more effective and profitable management of the entire company.
* Creating a positive, supportive work culture for the business. This includes a culture that values everyones abilities and supports the concept that disabilities do not decrease a persons humanity or value . . . that for many people, the challenges from their disabilities are a means for personal growth. This work culture will be a positive environment for all employees who share these values.
* Hiring a full-time or part-time employee who does work that is difficult or not possible for the business owner. This is a common practice in all businesses; however, here the focus is on assisting in the area of the business owners disabilities. The same employee can serve other functions for the business, bringing more capabilities to the company.
* Partners are often used to create a company where the owners have complementary business or technical skills. Business owners with disabilities can find partners with the skills, time, or energy to compensate for their disability needs.
* Creating alliances with other companies is often an excellent strategy for business owners with disabilities. It allows them to provide a variety of services or products through their alliance partners, while limiting the size of their business and the number of employees they manage. In summary, business owners with disabilities report a wide range of positive experiences when they use Whole Business Accommodations to run their companies more effectively. Whole Business Accommodations are powerful tools for success in business and for success in living a complete and satisfying life.
About the Author
Alice Doyel is the founder of BOLD Consulting Group: where she heads the consulting practice specializing in operations management for small businesses. Also, she is a national speaker, consultant, and advocate on self-employment for people with disabilities. Alice wrote the book, No More Job Interviews! Self-Employment Strategies for People with Disabilities.
Real Estate Investing: Notes And Trust Deeds
May 25, 2010 by Kenny Santos
Filed under Real Estate Investing
People in need of cash borrow from lenders signing a promissory note and secure the loan with a deed of trust against the title of the borrower?s property. People get hold of promissory notes when they lend money or when they buy notes.
The note is a written, signed agreement between the lender and the borrower, where in the borrower promises to repay the loan. The promissory note includes details such as the name and address of the lender and the borrower, the loan amount, the interest rates, the frequency of the repayment as well as the amount to be repaid in each installment, the tenure of the loan, prepayment penalties if any.
The borrower usually transfers his property {held in trust} to an independent third party. The third party holds the conditional title For the lenders sake and has the power to re-convey the deed once the loan has been repaid in full as per the agreement as well as having the power to dispose the property should the borrower default on his payments. This process is termed as foreclosure; it can be judicial or non?judicial as per the desire of the lender.
Real Estate Investing In Notes and Trust Deeds; It is rather a risky investment; therefore, investors need to find a reputable, experienced mortgage loan broker. They have to check the market value as well as the equity of the property to be used as collateral making sure the loan-to-value ratio is favorable; check the borrowers? credit records and profile to ascertain they are low risk investments. Escrowing the processes involved in granting of the loan or the procurement of the note is another important detail to be noted. Checking with the insurance company to what extent the lender is covered will be prudent. A detailed description of the property, its location, market value, pending lawsuits against the property if any, if any other lien exist against the property etc. has to be carefully researched and analyzed. Hiring good escrow agents who are licensed by the department of corporations is crucial.
Investors have to take necessary action incase the borrower defaults and foreclosure of the property is the only option left. It could be a problem if there is a senior lien on the property. Make sure that the property does not have senior lien when you procure the trust deed. If there is a senior lien, make sure your foreclosure date precedes it. Foreclosure if done judicially may take 3 to 4 months where as if done privately may be accomplished within 30 days. Many people have profited in real estate by investing in notes and trust deeds.
There are firms that sell services as well as products to help you with investing in real estates through notes and bond deeds.
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Alexander Gordon is a writer for www.smallbusinessconsulting.com - The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at $24.95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business. Business Owners all across the country are joining “The Community of Small Business Owners? to receive and provide strategies, insight, tips, support and more on starting, managing, growing, and selling their businesses. As a member, you will have access to true Millionaire Business Owners who will provide strategies and tips from their real-life experiences. |
Is Business Ownership In Your Future?
May 24, 2010 by Kenny Santos
Filed under Business/Network Marketing
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T he last time we met I told you about the U.S. Department of Labor?s prediction that within the next ten to fifteen years fifty percent of the American workforce will consist of home workers, independent contractors, consultants, telecommuters, freelancers, and of course, entrepreneurs. Think about that for a moment, especially if you are a diehard nine-to-fiver who can?t imagine yourself leaving the comfort of a regular job to try something different. The workplace of the future is either going to be an exciting or dreadful place, and it?s up to you which side of the coin you fall on. You see, what the Labor Department doesn?t say, but I believe to be true, is that those who find themselves earning a living in non-traditional careers will do so for one of two reasons: they either freely chose to throw off the shackles of the traditional nine-to-five or they were forced to do so because they were casualties of the future?s changing work models. Layoffs, downsizing, outsourcing, work force reduction, and position elimination: all very nice politically-correct terms that mean one thing: you had better be open to changing the way you think about work because, my brothers and sisters, the times they are a? changing. The point of our discussion last time focused on those of you who may one day choose the entrepreneurial path. There is a process for going from worker bee to entrepreneur wannabe and it begins with a healthy dose of self-assessment (look inward to determine if you have what it takes to be an entrepreneur) followed by the determination of what kind of business best suits your situation and personality, how you will fund the business, and the writing of a solid business plan. Now let?s talk about the nuts and bolts of the process: finding a location, lining up vendors, hiring and managing employees, dealing with customers, creating a marketing strategy … hmm, this could turn into a very long column. Let me see if I can abbreviate the process in four paragraphs or less. If your business will be a brick and mortar, nothing is as important as location. What might be a great location for a shoe store might be a horrible location for a donut shop. What may appear to be a busy location in the morning might be a ghost town in the afternoon. You should rely on experts for this important piece of the process. Work with a commercial realtor or business broker to find a location that meets your specific needs. Next, if yours will be a product-driven business, your success could hinge on the quality, price, and availability of the products you sell. You must establish strong relationships with reliable vendors who can provide an ample supply of the products your customers demand. Always be cultivating relationships with new vendors. Never rely on a single source for products because sources have a tendency to dry up over time. Next comes the hiring and managing of employees. Like your location and product, employees can make or break your business. Knowledgeable employees who know the value of - and deliver - exceptional customer service are like nuggets of gold. Unfortunately, they are also as hard to find. Don?t hire your wife?s brother or your best friend?s son. It?s easier to find a new best friend than a new customer. Hire based on experience and expertise and train every employee well. Set expectations high and most important of all, lead by example, not by the book. Finally, the big question: if you build it will they come? Afraid not, my new entrepreneur friend. You must have a killer marketing plan that will bring the world - or at least your piece of the world - to your door. You can have the best product in the world, but if you don?t tell anyone about it, you won?t sell a thing. Creating a killer marketing plan really isn?t that hard. Just ask yourself questions like: who is my target customer and what is the best way to reach them? What can I do to stand out from the crowd? What can I do differently? How can I get noticed? And how can I do that without spending an arm and leg on advertising? Two great books on this topic are Purple Cow by Seth Godin and There?s A Customer Born Every Minute: P.T. Barnum?s Secrets To Business Success by Joe Vitale. Of course there?s far more to going from employee to entrepreneur than I can cover here in just a couple of columns, which is why I wrote a book on the topic called Everything I Know About Business I Learned From My Mama. Shameless self-promotion aside, I hope this will help you decide if future entrepreneurship is for you. No matter what path you choose remember this: the workplace is changing. You must be prepared and willing to change with it or you?ll end up a statistic on another government list, this one stamped: Unemployed.
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