Showing posts with label business for beginner. Show all posts
Showing posts with label business for beginner. Show all posts

Monday, June 28, 2010

THE BEST BUSINESS PLAN YOU CAN GET PART I

THE BEST BUSINESS PLAN FORMAT YOU CAN GET

PART I

Today, i want to bring to you a practical sample business plan format. This sample was located at www.businesstown.com/planning/creating-rainbow.asp
It outlines everything that I covered in the my past posts with respect to writing a winning business plan, so seat back and digest.

Business Plan: Rainbow Kites, Inc.
SUMMARY

BUSINESS CONCEPT

The Kite industry has expanded rapidly in the past several years and growth is expected to continue at a strong pace for the foreseeable future. This offers excellent opportunities for new companies to enter this market. We intend to address the needs of customers in this market who seek higher quality, higher priced kites. We will address this need by importing, selling and distributing higher end kites in the US and Canada. Distinguishing characteristics of our business will be top quality products, special emphasis on higher end independent retailers, and high level of service.

CURRENT SITUATION

We are a start-up company, incorporated in 1998 in the State of California. The principal owner is Tom Anderson whose title is President and who has many years of experience in the toy industry. Other key personnel include Nancy Anderson, his spouse who has experience in customer service, bookkeeping and office work. At this time we are seeking additional equity capital to compliment our own equity investment and seeking to arrange a bank line for inventory and receivables financing. We have firm commitments to distribute several highly sought after overseas kite manufacturers and have verbal commitments from independent retailers primarily along the West Coast to stock our products. We hope to ship our first products within six months of finalizing financing arrangements.

KEY SUCCESS FACTORS

The success of our business will be largely a result of superior products, superior service, extra attention to detail throughout our operation, personnel and our high level of experience in the industry. In particular what really sets us apart from the competition is that we are ONLY going to sell high end kites and we are ONLY going to sell to higher end outlets. This will allow us to give absolutely top service and product selection for these accounts without getting distracted from the very different product and service demands of the more mass market outlets.



FINANCIAL SITUATIONS/NEEDS

In order to effectively launch the business, we project a total need for $300,000 in equity financing. Principal uses of the funds will be to finance operations until cash flow becomes positive and to create a stronger balance sheet in order to help secure additional bank lending against to finance inventory and receivables. To date we have raised $132,000 from founders, Tom and Nancy Anderson, and their relatives. We project that the company will be profitable within two years. We project that within three years of reaching break-even that this new investment could be cashed out by either the founding partners purchasing this investment stake or by replacing the investment stake with additional bank financing.

Thursday, June 24, 2010

ONLINE MAKETING FOR BEGINNERS

ONLINE MARKETING STRATEGIES FOR BEGINNERS
HOW TO PROMOTE YOUR BUSINESS ON THE INTERNET
Today marks the beginning of a series on internet marketing strategies. This series is going to be strictly for those who are interested in marketing their small business on the internet. But before i kick off, i want to make the beginners feel at home with this series.
So today, i will be dealing with internet marketing strategies for beginners. Now what is internet marketing? Internet marketing is simply the art and science of finding and keeping customers using the internet as a medium.
Internet marketing for beginners is somewhat of an oxymoron. This is because while in theory the concepts behind internet marketing might be quite simple, executing effective internet marketing strategies can be extremely difficult. This can even be tough for those who are quite experienced in the world of Internet marketing, not to talk of the newcomers.
With this in mind, this article will attempt to explain the concept of Internet marketing for beginners and will outline some basic strategies which can help a business owner to launch his own Internet marketing campaign. We will cover concepts such as creating a website, placing banner ads, sending out e-newsletters, orchestrating an email marketing campaign and optimizing your website for search engines.
Now why do you need to market your business on the internet?

  You see the internet is a huge network of computers linked together in a world wide web and behind each computer is al least a potential customer. The internet connects nothing less than 3 billion individuals across the globe. That makes it a really huge market place.
Now how does this affect your business?
Take a moment to reflect on the answer to these questions. What if your business competitor is marketing on the internet and you are not? That means his business will have access to 3 billion potential customers. What will be the difference between both of you? This article will answer these questions and examine some subtle ways you can begin marketing your small business on the Internet.
One of the most basic strategies to marketing your business on the internet marketing is to create a website. If you don’t have a website or have a poorly designed website you should consider creating or re-designing a website to adequately market your products. If you do not have experience in web design, there are a number of software packages which make it simple for those with no design experience to create a functional website. However, hiring a web designer is worthwhile because he can work to create a website which is attractive, functional and suitable to your products and series. He can also help you include more advanced features on your website.
Having a live website means there is the potential for curious internet users to access your website. You may not be actively marketing your website but you may still find that your website generates interest in your products despite the lack of promotional endeavors; this is a form of passive marketing.
Below are Basic Overview Of Internet Marketing Strategies You Can Apply When Marketing Your Business On the Internet. I will be ripping each of them open as we go further in this Internet marketing series:
Banner Ads:
Banner ads are another popular option for advertising/marketing your business on the Internet. Banner ads are advertisements which typically appear along the top of a website but it may also include smaller ads in other locations. Banner ads typically include graphics and text which entice Internet users to click on the advertisement. Once a user clicks on the ad, they are directed to your website. This type of advertising can be very effective when care is taken to place the advertisements on high traffic websites which attract an audience who may have an interest in your products.
Sending out e-newsletters:
Sending out e-newsletters is also a part of the numerous effective Internet marketing strategies we have. E-newsletters are essentially emails which may contain a variety of information including informative articles, useful quizzes, relevant advertising or any other information which is deemed worthwhile for the recipients of the e-newsletter. The importance of these newsletters is that they can be used as marketing tools which are not viewed by the recipients as an advertisement. One way to do this is to incorporate links or other soft sale approaches into the copy of the e-newsletters. However, care should be taken to keep these references minimal so the e-newsletter is not viewed as spam.
Email marketing campaigns:
Email marketing campaigns can be another successful aspect of an Internet marketing campaign. Email marketing essentially involves sending out emails to a group of individuals who may be interested in your products and services. Care should be taken in sending out these emails to avoid sending emails which are unsolicited and will be viewed as spam. One way to do this is to only send out the emails to users who have requested inclusion on an email mailing list. Another way to do this is to provide value in the emails as opposed to just including advertisements. This can be done by offering relevant advice in your emails and other useful information which may be of interest to the recipients of the email.
Participating in Discussion Boards or Forums:
Savvy small business owners realize the importance of participation in industry related message boards/forums to create an interest in their products and services, establish themselves as knowledgeable about the industry and offer a link to their own website even if it is in the signature line of their posts. However, even business owners who do not realize this may already be inadvertently enjoying the benefits of Internet marketing which result from message board participation just by doing something they enjoy and may be doing as a form of leisure activity.
Search Engine Optimization:
Finally, optimizing your website for search engines is a critical aspect of an Internet marketing campaign. Search engines rank websites according to quality and relevance for particular search terms. Many Internet users appreciate the effort by search engines and use these search engines to find the best websites on a particular subject.
This means the Internet users are likely to only visit websites which rank well with search engines. Therefore if your website is not high ranking, you are not likely to generate a great deal of traffic from Internet users who use search engines to find relevant websites. Top ranking websites are likely to obtain the most traffic from search engines and all websites falling on the first page of the search engine results will likely enjoy some degree of success in improving their traffic.
 
  At this stage, i believe the word ‘beginner’ has been removed from your neck. I officially welcome you to the world of internet marketing. Till i come your way again, fasten your seat belt and prepare for the accelerated growth of your business.