The Process of Media Industry Conglomeration

Introduction

The process of media conglomeration has involved the regrouping of multinational companies, which as a result, has created a power of considerable proportions. This means that these companies have the control of the local and the international market. Their control over the market has been accelerated with the launching of satellites and other development in the media, such as in the field of digital press, digital music and digital videos.

One of the main issues is related to the effects of the Western media; particularly the American media, on other cultures, as it continuously dominate the international market. This issue raises doubts about diversity of choice, quality and competition.

With the development and scope of satellite technology, it can be argued that the local culture of many countries, in particular the underdeveloped ones, has become the main victim as a result of this kind of media domination, in a world of faster global communications. The local programmers and film production in the underdeveloped countries have suffered badly as the international companies sell their media products so cheaply that the local producers cannot compete with them.

From the above, we can see that we have underdeveloped countries almost entirely dependent on cheap Western programmes to fill the time on their television screens. The irony is that money was made available to the television companies in these underdeveloped countries so that they could buy the American media products instead of the help needed to produce their own programmes.

The Global Market

With the launching of the satellite communication systems, the global market assumed different dimensions. The world suddenly became much smaller than used to be, smaller in the sense of the scope and access of media mass communication, consequently the phrase ‘global village’ became the expression of the day used by the media regularly when they wanted to refer to the world as a whole.

As a result, the individual nation market became the market for any nation who possessed the latest technology in commercial satellite communication. This situation brought life back to all old Western media products, especially the American products.

Selling in this situation increased at an incredible rate, i.e. selling all old programmes and movies to many African and Asian countries which no one in the West wanted to watch.

In this new era of communication, there is a huge market, a market to fill the time on every television channel around the world – the dawn of the conglomeration market. The underdeveloped world has nothing to compete with this. To produce films or their own programmes is too expensive in comparison with what is available on the international market. Therefore, it is not surprising to see on TV in a small African country an American soap opera made more than 20 years ago.

The big international companies are growing bigger every day as the number of their viewers increase all over the world. Media corporations from the West are controlling the whole international market, which is one of the main issues related to media conglomeration.

One positive argument for the process of conglomeration is that the free markets will bring competition which consequently makes the diversity of the media products a reality for all the customers around the globe. This is what the owners of the big corporation believe, such as Mr. Murdoch.

The local people would prefer to see on their TV channel the reflection of their own daily life, rather than what is/was happening in faraway places (e.g. a high proportion of Zimbabwe people watched ‘Root’). It appears that the danger in a situation like this one is that the people in that African country, and especially the new generation, see Western media production as a model which should be copied in their own daily life, As a result of this, the local culture, which should be protected, is gradually destroyed.

Power and Control

The power (and control) exercised by conglomeration is an important issue, as it affects the opportunity of speech. Fair competition between businesses and freedom of speech in a democratic society is an important factor for the progress within any culture. Unfortunately, this is not the case with the Western media products, i.e. the big corporations want other countries to depend on their products.

Access to media, therefore, is limited to few companies and consequently the choice is limited. For example, the local producer in underdeveloped country will be always struggling to launch his/her new product, and even if he/she is successful in launching it, the financial gain, in some cases, will hardly cover the cost. Therefore, there is an argument for diversity and choice of media products, i.e. it is important not to have in any country saturation of any media products, such as with the present situation concerning the saturated market of American media production.

When it comes to the music industry, the market and the power of controlling it again is the main issue. The $30 billion industry generates its income from massive international market. For example, one album ‘Thriller’ by Michael Jackson sold more than 40 million copies, which consequently produced a profit for CBS of more than $60 million. The Japanese ‘Sony’ saw that there was an opportunity for their hardware industry in this market, so when the CBS company decided to sell their record division, they (the Japanese) bought it for $2 billion. The ‘sale’ meant a new door opening for more sales to Sony, i.e. with their new technology at that time, e.g. CD, software, etc, they can sell the music all over again on a new format. From the above takeover, the big corporations in the music industry copied Sony’s action by buying market shares of other smaller music companies. The last music business ‘Virgin’ sold to EMI Thorn for $500 million. There are, consequently, few big corporations which control the music industry worldwide, such as Thorn-EMI, Sony, Philips/Polygram, Matsushita/MCA, Time Warner and Bertelsmann/BMG.

The above companies have penetrated the worldwide market and have an overall monopoly of this market, which consequently, as has been mentioned in connection with the film and TV industry, bring with it a limitation of consumer choice.

The Print Industry (Publications)

Concerning the print industry, i.e. publications such as newspapers, magazines and books, the statistics show that between 1985 and 1995 the number of media products and distribution systems has increased noticeably. However, this does not mean that these new products have successfully established themselves in the market. Many of the new launches at that time, such as News on Sunday, The Sunday Correspondent and The Post, could not survive the competition and consequently closed down. Many critics believe that the close down of a number of newspapers was the result of Mr. Murdoch’s price war. For example, account for News Corporation during 1994 indicated a loss of more than £45 million in the United Kingdom alone. However, the profits at BSKyB rose to over £186 million. News corporation also suffered a drop in profit outside UK but at the same time had a rise in television and films profits. Mr. Murddoch tried to increase the sale of his newspapers – that means taking readers away from newspapers such as the Daily Telegraph and The Independent. He reduced the price of The Times newspaper as well as introducing upmarket bingo, bringing more sensational stories in the Sunday Times (the false Hitler Diaries), all these had limited success.

The Magazine Industry

Anyone taking a look at magazines from the 50s or 60s would see a huge difference between them and the magazines of today. Before the advent of computers, many consumers relied on magazines to provide information, recipes, home decorating tip and business information. They read eagerly about the private lives of celebrities and eagerly awaited each issue.

The back to school issues of magazines such as Seventeen could be nearly as thick as many telephone books.Flash forward to 2009 and 2010 and magazines have changed a great deal. They have to compete with other sources of information, with a primary competitor being the computer.

Ad revenues are down in nearly every magazine being published. Some very specialized magazines have managed to stay profitable, however. Question is: how long can they continue to do so? Is the future of the magazine industry in trouble and will magazines soon be collector’s items, becoming as odd a sight as record players, typewriters and similar items?

There are some magazines which seem to buck the trend. Among the most popular are home magazines. Buyers seem to like to collect these and even tear out pages to take to home design stores. The number of home magazines has more than tripled since 2005, with news stands filled with a record number of these type of periodicals.

Even so, with the advent of computers and access to information online, the magazine industry is facing many challenges. Magazines with a long and notable history, including Gourmet and Portfolio magazine, have ceased publication. Newsweek magazine is up for sale, raising questions about how people want to get their news.

Perhaps receiving it weekly is simply too long to wait, especially when the click of a button can allow readers to have access to breaking news. Computers have many wonderful features but can signal the death of magazines which used to offer similar information.

Magazines like Newsweek, also known as newsweeklies, face special challenges. Why do they often get into trouble and face possible doom? Simple. They can’t compete with online news, information which could be breaking on the same day as a weekly news magazine hits the stand. Magazines can’t cover breaking events as quickly as online publishers. However, they can be purchased for recipes, holiday crafts, biographies of celebrities and more.

In order to lure readers, magazines must have a special hook or angle. Mary Englbreit’s Home Companion magazine featured paper dolls in the back of the periodical as well as collector prints suitable for framing and hanging on the wall (so did the old McCalls magazine). Special sports magazines covered the Olympics and featured posters which could be put on the wall. All of these features helped entice readers into buying magazines.Maybe they still will.

There is another challenge facing the magazine industry. It takes paper to fill magazines and paper generally comes from trees. Magazines have been attacked for being wasteful and not good for the environment. When given a choice between buying a magazine or reading similar information online, environmentally conscious consumers often opt for the online experience.

Mostly, it comes down to simple economics. What role do magazines have when it comes to providing information and what will consumers pay for? In order to remain competitive, the magazine industry has to create issues which readers want to buy, collect and keep for more than a day or two. Certain special collector’s editions seem to do well and even fly off the stands. But it is becoming harder and harder for the magazine industry to carve out a unique niche when it comes to providing information.

Also, in order to stay profitable, magazines must have advertisers. Unfortunately, they are competing for advertisers who often prefer to appear online. Ad revenues have been shrinking at many magazines as their usual advertisers decide to cut back on expenses or move to online ads. Advertisers have to stretch the budget as far as possible and that often means cutting particular magazines out of the mix.

Social Media Marketing: A New Era of the Booming Online Business Industry

You need new and inventive ways to connect with your customers and prospects. Social media is currently a very powerful tool to reach the masses.There are many ways to utilize social media. A highly utilized method is through influencer advertising. If you think it won’t work, just look at the thousands of companies that are having successes with it. Every organization and business is now connected via social media.

Having owned Physical Therapy clinics in the past, I wish I had known social media marketing strategies as I have now. Looking back on what was accomplished with conventional marketing, (advertising in local papers, radio, bringing lunch to doctors, distributing flyers and business cards, etc.) I would have grown my private practice better with this powerful tool. Being a business owner opened my mind to self sufficiency and to always seek out better ways to position myself towards my lifestyle goals.

WHAT IS INFLUENCER MARKETING?

The best advertising method of all times is word of mouth. It costs nothing for someone to tell someone else about your products or services. Another advantage of word-of-mouth marketing is that it keeps you on your toes. You must ensure customer satisfaction for them to refer your company to others. Influencer marketing goes along the line of a friend telling a friend about an experience with a product or a service.

First you start by identifying strategic individuals within your target market. These people are going to influence others. The idea is unpretentious- instead of Taco Bell telling you how amazing their new Taco is, a spectacular review from a famous food critic can do more. The food critic is the influencer. In this hypothetical scenario, Taco Bell uses them to generate influencer marketing.

HOW TO BEAUTIFULLY EXECUTE INFLUENCER ADVERTISING

One example of influencer marketing is a company called Fab Fit Fun. This company sends out monthly box subscriptions to those who love their products. Now, you never know what is in these boxes. It could be anything from a scarf, to a throw, and even some make up and perfume. Many people are leery about monthly subscriptions that charge directly to their credit cards monthly. These boxes automatically ship whether you want it or not. So how does this company overcome this hurdle? Well, they get celebrities like Rhianna and Tori Spelling to do influencer advertising for them. A simple video of Tori Spelling opening her box subscription, going through each item enthusiastically and then sharing it on her social media network just made this subscription system a hit.

Another company came up with an idea. The Younique cosmetic company came up with a product, a mascara that gave a dramatic lift to the eyes. Now, there are more companies out there who have the same product. How did they step up their game? Their Moodstruck 3-D fiber lashes looks great on just about anyone.

To prove their point, they gave out free mascara tubes to the general public. All these recipients had to do was to post a video of themselves on social media using the mascara. What happened next was history. The company had so many orders that they were on back order for six weeks. Every woman wanted to increase their lash volume. By showing how well this mascara does, the company created a hype. The demand was overwhelming.

Now, I kind of went all girl here. Mascaras and Fab Fit Fun. However, this is just a few of the many creative ways that companies conjure to move their product on the market. What made their strategy work?

It was providing VALUE. By providing more value than the other companies and being talked about on social media gave them an edge over their competitors.

THE POWER OF SOCIAL MEDIA

We have heard of ordinary people posting simple funny videos on You Tube, Facebook, Pinterest, on Instagram which goes viral by simply being shared multiple times on all social media networks. This just proves that people are watching. They are hanging out on social media. They see products, events, and they share it on their social media circles. This is very powerful.

It is no wonder that during the past few years, big online retailers like Amazon, Wayfair, and the rest have utilized social media advertising. Even brick and mortar businesses like Best Buy, Target, Walmart, have gone online to expand their market. It is sad to contemplate that it is also due to this era of online advertising that many companies have to close their doors. The competition has become rabid. Those who do not step up to the plate lose. The most recent one closing as you might have heard is Hhgregg.

FINDING A KEY PLAYER

What if you can be the influencer in your online business? Yes, you can be the Key Player in this success. Yes, it is more than possible. This is how many online entrepreneurs have positioned themselves as the experts, coaches and founders of online business systems which has created wealth for themselves and others they have mentored.

How many times do you see pop up on your Facebook page “sponsored” ads of webinars, free E-books, free courses, free videos or free reports? This is the power of social media at work.

The new era is here. An average entrepreneur can leverage his advertising budget by effectively using social media to his advantage. This is because customers hang out on social media networks. This is a very effective way of reaching out to to prospects and introducing your product or services.

Moreover, if your ad also comes with an added value, customer response is overwhelming. It is going above and beyond what everyone else offers. This has been proven many times by local businesses offering products and services. A free dental cleaning coupon from a dentist can end up in a 4-5k sales in orthodontics or other dental services because of the one free offer.

Online coaches and online business experts who offer free webinars have been known to make thousands of dollars from memberships or purchases made by participants in one webinar alone. I sure have attended some of them, and although I have never really purchased a product or a system initially, it had opened my eyes to the possibilities. There are ways to earn income online and work your way to a passive and residual income.

Whether your goal is just to make extra income to supplement your current one or to make it a full time occupation, there are multitudes of systems and programs that you can get started with online. Many have plunged into online businesses full time and never looked back.

The key is to find your niche, find what feels good and right for you. Explore your passion, your talents and your goals. Then act on it. That first step is always the hardest.

Most successful online entrepreneurs not only “engage” in their business; they also “live” it.

After all, it is up to us to explore all possibilities and take advantage of opportunities presented to us. With the onset of the Social Media Marketing Evolution, the future of digital marketing is here.

Wholesale Video Games Business – Industry News

Looking for a profitable wholesale video games eBay business experience? There are literally thousands of re-sellers in the search of wholesale games for immediate 10-20% profit for re-sell at auction sites. A modest profit could be 10-20% at auction sites depending who is your buying source.

Now, there is a massive confusion of the realities of re-selling for consistent profits and providing a dropshipping service to your clients.

Can you really profit from video games dropshipping on the Internet? The reality is why would you want to dropship a $20-$40 game or accessories when there would be shipping and low processing fees by the dropshipping source? It does not make sense, it is not viable for investing in it and it is definitely not worth your time. What kind of profits can you expect out of the sell of ps3 consoles when buying them in bulk from a distributor?

There are still many countries that cant receive such consoles yet because of trading agreements between countries, Sony has not established distribution agreements in such countries. Adding it in better terms – many buyers are no longer interested in the shopping mall reservation race.

What kind of profit to expect? Compare your suppliers price to the Amazon store offering and you should be able to reason if it is viable to sell PlayStation 3 at any auction. Even if the PS3 is currently selling at record lows at $400, it is still sellable and profitable on eBay. Proof can easily be found for less than a 5 minute auction ending final price. I mean, there is just a wide range of people that cant buy the PS3 yet, easily.

You should be able to spot 80gb PS3 selling at $494.00 and even more with shipping and handling being in the high $60.00 range, when shipping could easily be free with UPS. There is surely a reason for that, right? Moving on.

Reality for many of us, you can make money out of the sell of video games, big period. In fact, you can make a decent living out of the sell of wholesale merchandise, it will all come to the vital point of your market positioning as there are currently too many options from point of sell. A good one to think about, what kind of experts am I getting my questions answered and what actions am I taking to fulfill customers demands?

Another one, what type of an industry are we looking at in the wholesale video games and general games industry? Well, according to the NPD group 2007 sales reached $18.85 billion in sales last year. That is yet another record year for such an ever growing industry.

That is a 28% increase in sales from 2006! Software consoles sold 153.9 million alone that adds to a handsome $6.6 billion in sales. While it is an option to enjoy selling tangible items on eBay, with an Internet mall or just out of the sell of your local flea market, the video games industry should keep growing every single year in records.

All the industry sales record where later on released by the Entertainment Software Association, the ESA. Research is available all over the net with such name. The facts are all over. Another two important points I want to remember.

What kind of traffic are you getting to your auction sites and online store? Are they targeted customer with specific wants or are you getting just getting compulsive buyers looking for price savings? eBay is just one of the great places to drive targeted potential buyers of your games.

There are many more. You should keep doing your diligence on the wholesale video games business before starting any kind of investment. Trust no one and if you do want to trust, get enough facts about him or her!

Investment Opportunities in Pharmaceutical Industry of India

Amongst all the countries that fall under the category of developing countries, Indian pharmaceutical industry is one of the biggest and the most advanced. This industry has been a boon to the Indian economy. It provides employment to a huge number of people and ensures that vital drugs are made available to the huge population of India at affordable rates.

The drugs and pharmaceutical industry plays a pivotal role in the economic development of India. Being a very intense knowledge-based industry, it offers innumerable business opportunities for investors worldwide. Indian pharmaceutical exports accounts for export to more than 200 countries around the world. The annual turnover of pharmaceutical products contributes to about US$ 17 billion. In recent times, the Indian pharmaceutical industry has shown tremendous growth in terms of infrastructure development, product usage, and technology.

The pharmaceutical industry in India provides several opportunities for investments and trade due to the following factors:

• With respect to India’s huge population it is an excellent center for clinical trials.

• India has efficient and cost-effective sources for getting a hold of generic drugs, especially the drugs that are going off their patents in the coming years.

• India has abundant manpower with strong scientific, technical knowledge.

• The cost involved for research and development is very low.

• The production cost of quality drugs in bulk quantities is very low.

• India houses excellent laboratories with world-class facilities. It has laboratories that specialize in process development and the development of cost-efficient drug manufacturing technology.

• India is self-reliant in terms of the production of bulk drugs. Almost 70% of the requirements for the formulation of drugs is available within the country itself.

• Another important factor that is responsible for attracting foreign investments in the Indian pharmaceutical sector is the increasing balance of trade in the pharma sector.

• India’s fast growing biotech industry, which offers great potential in the international market, also has contributed in making the pharma sector in India an attractive industry to make investments.

• Besides the presence of different systems of medicines, such as Siddha, Naturopahy, Ayurveda, Homeopathy apart from its strengths in manufacturing makes the Indian pharmaceutical industry an attractive industry to invest in.

Due to all these advantageous factors, India is recognized as one of the leading players in pharmaceuticals in the global market.

The Indian pharmaceutical industry got a major boost with the signing of the General Agreement on Tariffs and Trade in 2005. This agreement helped India to recognize global patents. After recognizing global patents, the Indian pharmaceutical market has become a sought-out destination for foreign players to invest in the sector. Also, investment in pharmaceutical industry has vastly increased over the years since the industrial licensing for a huge number of drugs and pharmaceutical products has been abolished.

The Department of Chemicals and Petrochemicals, which falls under the Ministry of Chemicals and Fertilizers, overlooks all the planning, developing, and regulating of the pharmaceutical industry in India. The ministry permits up to 100% foreign investment provided that the investor adheres to certain stipulations laid down by the government. The ministry allows for exemption from price control for a period of 15 years if the product is patented under the Indian Patent Act and is developed through indigenous R&D in the country.

Thus, with such remarkable initiative of the Indian government, the Indian prospective pharmaceutical industry looks extremely positive for attracting more foreign investments.

The Textile Industry of Surat

Surat, an emerging city in the state of Gujarat, is known as the textile city of Gujarat. And, the epithet is perfectly suited to the city. The textile industry is one of the oldest and the most widespread industries in Surat. A major part of the city’s population is associated with the textile industry.

Overview of the Surat textile industry

The textile industry in Surat is mainly engaged in the activities of yarn production, weaving, processing as well as embroidery.

Surat is well known for its synthetic products market. It is mainly engaged in the production and trading of synthetic textile products.

Nearly 30 million metres of raw fabric and 25 million metres of processed fabric are produced in Surat daily. The city has several textile markets that exist since times immemorial. Zampa Bazaar, Bombay Market, JJ Textile Market and Jash Market are among them. Katat Gam, Magdalla and Udhana are the areas of Surat where manufacturing is mainly concentrated. In the course of time, people from various other places like Rajasthan and Kolkata settled in Surat in order to carry out their textile business.

Brands from Surat

The famous brands of Garden and Vimal textiles evolved from Surat. A few other brands like Parag and Prafful from Surat did become famous for a short time, but failed to create a lasting impression in the market.

Major markets

The main market for Surat’s textile products are India and other Asian countries. Around 90% of polyester used in India comes from Surat. However, international demand for its products is not very significant. The Middle East is the major export market for Surat’s textile products. According to experts, more improvisation in the quality is required to cater to the demands of the international market.

Growth

The Surat textile industry has grown considerably over time. As per recent figures, textile production in Surat has grown by 10% in the last 5 years, while the market for embroidery has grown from an almost negligible amount to around Rs. 30000 million over the same period.

Strengths

One of the main reasons behind the growth of Surat’s textile industry is the city’s ability to adapt to changes and the latest trends. The city is quick to respond to any changes in the preferences of people. The industrialists here have strong entrepreneurial skills.

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The Booming Catering Industry: Facts and Statistics

Factual and Statistical Info

The revenue from the catering market worldwide is expected to reach $265 billion US dollars 4 years from now with an estimated compound annual growth rate of 5 percent according to Research and Markets. Significantly, the market encompasses the major sectors in various communities including schools, elderly facilities, sports centers, and even hospitals. These institutions outsource their food service needs so they can lessen their spending and focus their labor force on more important matters.

Recent Technomic study shows that the catering industry in the U.S. made about $537 billion dollars in total sales last 2017 with a continuous growth rate due to easy and fast online ordering system. There are more than 10,000 caterers in America, employing about 110,000 people altogether. Most of these businesses are small and locally controlled that don’t account for a large portion of the market share. The demand for their services is higher in densely populated areas.

The Asia’s largest catering market and the second in the world, China reached an estimated revenue of $616 billion US dollars as reported by the China Cuisine Association. At the moment, it has around 5 million active companies in the catering industry. This has been attributed to the implementation of online to offline marketing strategy where customers are encouraged to order food by going to the caterer’s physical shop rather than online.

Just imagine how many people are choosing the convenient and practical way of catering food to their guests to celebrate life milestones. Statistics show that caterers are in demand for the following occasions: weddings, engagements, birthdays, corporate events, graduations, holiday parties, and even funerals. There’s also an increasing need for food services in trade shows and conferences worldwide.

Reports show that the money spent on food service mainly depends on how much corporate clients or individual consumers can spend for certain occasions. That is why catering companies often offer various packages, and sometimes even create meals suiting the most limited budget on the line.

To be able to serve large groups opens a series of catering opportunities for them so it is rare for them to turn down any offer, deal or invite. However, although the demand still exists, customers are less likely to order for catering services during uncertain economic times.

Based on Koncept Analytics’ market research, the 3 major factors fueling the increasing demand for contract and self-operated caterers are the people’s need for customized food orders, the rise of the middle class, and the continuing use of digital technology.

The 2018 Analysis of the World’s Contract Catering Market by Orbis Research

By Segment

  • Business & Industry (B&I)
  • Education
  • Healthcare
  • Elderly Facilities
  • Government Agencies
  • Sports & Entertainment

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Africa
  • ROR (Rest of the Regions)

By Country

  • United States
  • Canada
  • United Kingdom
  • France
  • Germany
  • Others (Spain, India, China, Japan, Australia & Brazil

So what type of food catering service would you prefer to establish in your own local community?

  • Contract Catering

An Overview of Indian Industry of Catering Services

Catering services have been an important sector of the countries like the United States. More than 8,000 catering companies in the USA record the annual revenue of more than $7 billion. The trend has been slowly growing in India, but it has recently adopted a fast-paced growth due to many reasons.

India is a country where numerous festivals and ceremonies are held in the form of important events. So, the scope of the catering industry in such a country is worth taking a note. The catering industry in the country is finally extending its reach beyond marriages and the Indian catering service providers are enjoying the good time. Here is an overview of the catering industry in India.

The catering services industry in India has been consistently growing at the annual growth rate of 15 to 20 percent. In 2009, the industry attained the worth of INR 15,000 crore. The good aspect about the Indian catering industry is that it didn’t bear any major negative effects during the period of recession. So, what are the reasons for the consistent growth rate enjoyed by the Indian catering industry?

Interest in Catering Services

The members of the Indian families usually took care of different arrangements during a social gathering or an event. This trend is fast being replaced by the people’s interest in hiring catering services. This often results in better arrangements and opportunity for everyone in the family to enjoy the function.

Cross-region Specialties

Earlier, an event taking place in a family belonging to a particular region of India used to have cuisines preferred in that region. But, the scene has changed today, all thanks to the popularity of catering service providers. Now, a wedding taking place in Punjab has South Indian dishes in its menu. Cuisines from Gujarat, Bengal and other Indian states are included in the menu cards all over the country. This encourages people to hire the professional catering services.

Catering Institutes

It is indeed surprising to watch the growing number of hotel management and catering institutes in all parts of the country. Above all, the students are taking interest in joining the professional courses to make a career in the industry. So, the future of catering industry in India is going to be even better than the present situation.

Corporate Culture

Apart from the social gatherings and festive occasions, the formal events, seminars, conferences and other business related events consider professional catering services to add to the success of these events.

Family Style Restaurant

Restaurant based catering services too have improved in the country in the past few years. People, who are earning well in various fields and who have started living higher standards of life, prefer to choose dining venues with professional catering services.

The festival season of October and November in India is among the best times for the catering companies. Though, the industry doesn’t rest for the remaining part of the year as well. Going further, the presentation and decoration used by the professional caterers further make them popular for various types of events. All of the aforesaid reasons justify the consistency in the Indian catering industry growth rate.

3 Excellent Fitness Business Ideas to Help You Get Into the Fitness Industry

The health and fitness industry is going strong and is probably one of the few industries that will never slow down. Almost everyone is seeking to improve their health whether through losing weight or getting into shape. You are probably interested in tapping into this industry by starting a business of your own. I have some experience with this industry personally and through acquaintances who have great success. Below I will share some ideas that you may consider.

Sell Herbal Products Online

This is an area that many people are beginning to consider. This is especially true for those seeking alternatives to western medicine. Not everyone wants to be medicated and turn to herbal products to help prevent illness as well as help overcome any current illnesses. It is a good idea to learn all that you can about herbal medicine and seek out certifications if they exist. There is competition in this market but with good advertising and products, there is no reason you cannot compete as well.

Write About Health & Fitness

Depending on how well you can write, and your interest, you can create a business by writing on blogs or even creating an information product which can be sold online. This method may be a little slower to start but the overhead is very low compared to other business models. You could probably get started for under $150. The key is to stand out from the crowd as there are tons of fitness web sites online. You could either target a very specific niche or be really creative with your writing.

Network Marketing

I will be honest, this is my favorite way to start a business in the fitness industry. Why? Simply because it is what I do myself. Network marketing allows the average person to have their own business with very little investment. You don’t have to deal with scouting out a location or deal with product creation. It is all done. Your job is to learn about marketing and sales (which isn’t difficult.) Finding the right network marketing company in this industry is crucial. A common mistake newcomers make is joining the first company they come across because of seeing a web site or ad that boasts “easy money” or shows someone with fancy cars and homes.

Do your research before hand and ask questions!

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