Saturday, September 17, 2011
Business Survival in a World of Turmoil & Transmigration
Small businesses need to prepare for changes and become very flexible in these trying times. Keep a reserve of cash, do not over extend financially, stay out of debt, and look at providing value and personal services not offered in your area. You will need to be aware of the needs of the people and these needs may become more basic as resources become more out of reach. Just remember people will always need food, shelter, security, energy sources, and distractions (escapes form reality/ note video games sales on the rise!). Look to the future to see what you need to do today to survive.
Tuesday, December 28, 2010
The Business Cycle / Unbiased Change within Development
As with any cycle there is a beginning. In your personal life we ebb and flow from destruction and harmony. Being able to identify where you are in the cycle can define your favor for success. Meeting goals is essential toward progress but understanding your role in the cycle of goal fulfillment and progress mindfulness warrants true unbiased development.
Mindfulness in business economics contains several key points to expand on. The first is focus in how you interact, awareness of your clients needs, and most importantly to most is the system of fulfillment in solving problems using your product and or service in the mist of your client base. Mindfulness is a developed trait that comes from distant reflection of need sets that are encoded in your client relations. Business relations revolve around serving each other so that needs are met for the prosperity and benefit of all parties. It is when the sales person reflects from the perspective of the third party then only can a frame of mind and action set can form. Goals and tracer outcomes are only a mitigation of a true knowledge base that forms within the business relationship.
This ongoing business relationship is based on factors that include trust, knowledge, and reputation. These are core components for securing a window in serving your client. Development of these three elements evolve over time and constitute your loyalty to problem solving, self respect, and willingness to serve. Gradients of personality are essential in expanding the expression of the three essential elements to further long term ties in forming relationships with historical relevance.
1. Trust in yourself, your team, & your client relationship. You alone are limited so engage with the team and build up the resources you have to meet the challenge.
2. Knowledge in your product & service, your delivery mechanism, and closing a sale that meets the needs of your client translates into understanding the clients motivations.
3. Reputation is how others see you in the results you yield in solving their problems.
Success within true unbiased change has an important ingredient called persistence. Persistence coupled with honest practices will manifest into broadened success only narrowed, honed, and limited to the ability level of the business's proprietary relationship constraints. The business world is interconnected with every matrix of function in modern and developing societies. The business person contains the most virile relationship because all trade through product and service development moves through the world of sales and marketing.
Friday, October 30, 2009
Kit Making with Volume Wholesale Products to Create Value & Revenue / Survival Emergency Gear Kits
- Purpose
- Flexibility
- Cost
- Target Consumer
- Brands
- Market
Here is an example of a kit that could be expanded on or diversified further:
The Survival / Emergency First Aid Kit for Home or Vehicle
- Pouch or Pack to hold items
- First Aid Kit compromising of bandages, creams, disinfectants, washes, & many other items determined as necessary for location and purpose
- Fixed blade and folding knife
- Hand saw
- Rope such as Paracord (550 Type III) in 100 foot hanks (1 to 10 determined by location and group needs)
- Three days of food and three to five days of water
- Flashlight with extra batteries / Try to stay with the same size batteries so they can be interchanged, also take a look at L.E.D. technology and self powered wind up lights
- Radio with solar or self generating hand crank
- Blankets
- Sunscreen
- Extra Clothes
- Soap with Clean Rags / Towels
- Multi-tool
- Whistle
- Flares
- Watch with alarm
- Pen / Pencil / Paper
- Self Defense items such as pepper spray / Pistol / Rifle (also for hunting food if need be)
- Mirror
- Hat or other face protection such as sunglasses
- Camera or other gadgets such as cell phone, PDA, and / or GPS
Wednesday, August 5, 2009
Business with no Customers/ Plan & Adapt
The key is customizing the stand alone entry level products and services that meet most demands. Basic and simple. Simple but satisfying. Look to the heart of what people need and then satisfy it with your offerings.
Happy Selling!
Wednesday, May 20, 2009
Time to Create Potential / Managing the Swings in Sales thru Determination and Research Insight
Determination
Being persistent is key to positioning yourself and your business in the road that leads to success. By having quality advertising, products in demand, and a sales staff that is serious about results you will achieve your sales goals. Determination is not giving up because you have a bad day, week or month. Being focused can overcome challenges by sure will and creativity. Never give up if you have a reasonable plan to achieve your goal.
Research Insight
By planning and forming your goals as a business it is critical to do research. You need to know what customers want, what do they need, what can they afford, and who are your customers going to be. You need to fill in the blanks now so that your not doing so in the middle of the sale.
Conclusion
By forming research and determination together you form a bond that unites a compounded drive for desired success. Success is very practical, a plan that leads you there is the only real objective you have to overcome.
Home Based Business Success Philosophy Strategy
by Kirk Bannerman
Believe it or not, it takes a long time to become an overnite success! Once you have chosen your particular home based business, the two most important things to remember are to stay focused and not to get discouraged.
I've had many active and enthusiastic business team members that were their own worst enemies because they exhibited the classic "flea on a griddle" behavior pattern and jumped around chasing one business opportunity today, and then another one tomorrow without ever putting in enough sustained and focused effort to reasonably give themselves a chance to succeed at any of them.
I can really relate to this situation since I briefly fell prey to this same "dog in a meat market" syndrome when I first started my own home based business a few years ago. I caught myself trying to chase several different opportunities at once and not being very successful with any of them.
There are so many home business opportunities (some real, some not) that it takes real personal discipline to avoid the scattergun approach...you know, throw enough against the wall and something is bound to stick. In the early going, it is really important to resist this temptation and to stay tightly focused on a single business.
Some will argue that "I don't want to have all my eggs in one basket". To those people I say, diversification is fine, but only after you have achieved solid success with your initial business. A premature attempt at diversification will quite likely cause a loss of focus and actually slow down your success rate.
If your main marketing vehicle is a website, you can fairly easily leverage your initial success and effectively promote a few other complimentary and closely related home based business propositions from the same website.
However, it is important not to go overboard and offer too many choices to visitors to your website. If you do, there is a good chance of confusing your visitors to the point where they will take no action and you have, in effect, diluted the effectiveness of your website.
Whatever you decide to do, you will need to stick with it for a reasonable length of time (give it at least one year) and put in a solid and sustained effort. Stay focused and don't get discouraged. As much as you would like it to be, starting and developing a real home based business is certainly not an instant gratification situation.
About the Author:
Kirk Bannerman operates a successful home based business and coaches others seeking to start their own home based business. Visit his website at Legitimate Home Based Business for more details.
Price Stability in Rocky Down Markets
The first step necessary to correcting the salesperson's mindset is to help them believe in their ability to close the sale. Competent salespeople know why the customer is looking to buy and are able to capitalize on the needs the customer has disclosed. When sales professionals begin to feel the need to discount, it's usually because they don't believe they've established a solid reason why the customer should buy from them. They have failed to ask the right questions to get the customer talking and then avoided the critical skill of following up. When a salesperson has spent all of their time touting product features and not uncovering the benefits to the customer, their presentation may not include what the customer actually needs. Only when the salesperson has taken the time to probe deeper will they truly understand why the customer wants to buy. They need to ask the right questions and then listen to the responses. Then they will be able to capitalize on the information provided them.
The second step necessary to avoid the need to discount is to keep the message on the immediate return-on-investment the customer will receive when making the purchase. Keep in mind that businesses don't buy anything, they only invest in things. Every purchase made by a business is seen as an investment in helping them achieve their own goals. For this reason, the message must focus on the immediate gain that will result from their decision to buy. This emphasis is best brought out when the salesperson ties their questions into exploring how and what the customer expects to achieve immediately, as well as how they've measured results in other purchases they've made.
The third step is found in knowing how to respond when the customer asks for a discount or states that the price is too high. Salespeople need to be ready for these objections and not be concerned or disarmed by them. The first time the customer brings up this issue, the salesperson should not even acknowledge what was said. Often, customers feel an obligation to inquire, and once asked, they've done what they were "supposed" to do. The salesperson should only respond to the customer when they have brought the issue up for the second time, and the way they handle it is critical. They need to ask a question that is pointed directly at the most significant need the customer has. This will serve to shift the customer's thinking back to why they're looking to buy to begin with. After they respond, the salesperson should continue the dialogue with a series of follow-up questions designed to uncover even greater needs. The more the customer is focused on their need, the less they will be focused on a lower price.
Finally, salespeople must keep in mind that there will be times when they must be willing to walk away from an order. Although this can be scary and risky during these tough times, it's essential for them to believe they don't need every sale. Not only does walking away help them realize that there are other opportunities out there, it also serves to strengthen their resolve to hold their line and maintain the value of what they are selling.
Holding on price in a down economy is not easy, but it is doable, and, in fact, it is essential! When sales professionals believe in their product or service with complete conviction, focus on the immediate ROI, and ask the questions necessary to uncover the customer's greatest need, resorting to the mislabeled sales strategy of offering a discount will be unnecessary. Maintaining your pricing integrity in a down economy is truly a winning strategy because, in the end, profit margins are higher, the ability to service a customer is better, and the confidence of the salesperson is greater. Especially in today's marketplace, that's worth pursuing.
Mark Hunter, "The Sales Hunter", is a sales expert who speaks to thousands each year on how to increase their sales profitability. For more information, to receive a free weekly email sales tip, or to read his Sales Motivation Blog, visit http://www.TheSalesHunter.com
