Steps Archives - GUJRAT INDIA

How to Build Your Downline – 6 Easy Steps

Are you one of the many people in network marketing who struggle to build your downline? You may have already tried the whole “tap into your warm market” thing, and have exhausted all the prospects on that list. If you have, you are probably wondering what you do next to try and build your downline.

While you probably could build your downline a little bit going the friends and family route, it is not the the best strategy. Not only that, but your friends and family list can only be so big and will eventually run out — and you want to have many more prospects than that available to you every single day if you want to build a massive downline.

So here are 6 easy steps you can follow to build your downline starting today. Follow these in order and you will have all the tools you need in place to see your downline start to grow:

1. Create And Use A Data Capture Page: Creating and using a data capture page is one of the best ways to generate leads (and to build your prospect list). Remember that what you offer people via your data capture page should address the problem to which they need an answer or the solution to what they need. When prospects find you via a data capture page, you are creating very targeted leads of people who are looking for a solution you can provide, right? Creating a constant stream of very targeted leads, and being able to gather them into your list, is the first very important step to building your downline.

2. Pick One Source Of Traffic: There are lots of ways (and good ways) to get traffic, including PPC, Facebook advertising, article marketing and press releases. The key when you’re working to build your downline, is to pick one source of traffic in the beginning. Start with that one form of traffic and master it before you branch out into other forms of traffic. Yes, eventually you will want to use multiple sources of traffic, but initially the best strategy is to focus and get really GOOD at one kind of traffic at a time.

3. Establish A Relationship And Your Expertise: Send out periodic emails to your list. It establishes a relationship with them. It also helps to position you as an expert in the eyes of your prospects (which is one of the most important and effective steps to building your downline). Send them great content and good information. Of course you can sprinkle in some pitching and promoting, but you want to be sure that you provide them good content. It is the establishment of trust through this relationship and through the positioning of you as the expert, that will skyrocket the lifetime value of each prospect.

4. Follow Up With Your Prospects: Take time and call your prospects. Have a one-on-one interaction with them. Also, send your prospects emails encouraging them to pick up the phone and call you. This is another way to grow your relationship and increase the trust factor between you and your prospects — and this trust factor will translate into a strong and profitable downline for you.

5. Host Periodic Webinars: Create and host periodic webinars. Don’t make these one giant sales pitch. On them, share a ton of cool content that educates your prospects and gives them relevant information on things about which they want to know more. Then, at the end, you can offer them YOUR solution to their problems and to what you want you know in your business (and your business opportunity).

6. Create A Roadmap: This step is key, because it magnifies the effect of all of the other steps above and will help you build your downline much, much faster. Once you’ve got the above five steps down cold, create a roadmap detailing exactly what you’ve done and how you’ve done it. Give that roadmap to each new person in your downline, so that they can expedite the process of building their own downlines. And they being able to build their downlines faster (and better) is good both for them and for you. This is truly leveraging at its finest!

If you are looking to build your downline, following these six simple steps will put you on the right path. Forget about bugging your friends, family and co-workers. Instead, put a system in place that will work 24/7 to generate great leads for you and will build you a strong and profitable downline.

Discover What Your Upline Has Known And Has Been Doing All Along. Learn the 7 Top Secret Strategies They Used To Build Their Huge Downlines And Huge Incomes! Grab My FREE REPORT Titled: “How To Create YOUR First 6-Figure Month In Network Marketing” by visiting http://www.RecruitFaster.com

Write a Bankable Business Plan – Ten Action Steps

Action Step # 1

Define Your Company: What will you accomplish for others?

Write down all the specific needs your company will satisfy. Potential investors need to know that your business will be meaningful and marketable to people who can use your product or service. So concentrate on the external needs your company will meet. What will your product or service enable people to do better, more cheaply, more safely, or more efficiently? Will your restaurant make people’s palates delirious with new taste sensations? Will your new mouse trap help people capture mice without feeling sick to their stomachs? Will your new bubble gum scented bubble bath revolutionize the way children agree to take nightly baths?

Think of all the positive benefits your company will provide. Write them down. Admire them. Absorb them into your consciousness. Believe in them. These are the primary motivators that readers of your business plan will respect and value.

Action Step # 2

Identify Your Company’s Initial Needs: What will you require to get started?

Whether you want to buy an existing company with 300 employees or you can start your business by only adding an extra phone line to your home office desk, you need to make a list of the materials you’ll need. Some may be tangible, such as five hundred file folders and a large cabinet in which to store them all. Other requirements may be intangible, such as time to create a product design or to do market research on potential customers. You may need to hire an assistant to develop a retrievable filing system for the five hundred folders, or hire a consultant to set up a computer system that’s beyond your technical skills.

If you’re going to build a better mousetrap, you may have constructed a prototype out of used toothpaste tubes and bent paperclips at home, but you’ll need a sturdier, more attractive model to show potential investors. What exactly will your mousetrap look like? What materials will you need? Do you require money for research and development to improve on your original toothpaste tube and paper clip construction? Do you need to hire an engineer to draw up accurate manufacturing designs? Should you patent your invention? Will you need to investigate federal safety standards for mousetraps?

Next, do your homework. Call a real estate broker and look at actual retail spaces in the neighborhood where you’d like to open your restaurant. Make a chart of the most expensive and least expensive sites by location and square footage. Then estimate how much space you require and how much money you’ll need to allow for rent.

Make a list of all the tangible and intangible resources you need to get your business going. The total estimated price of all of these items will become your start-up cost whether you’re buying highly sophisticated computers or simply installing a new telephone line on your desk. If there’s any item in your estimates that seems unreasonably high, research other alternatives. But keep in mind that it’s better to include every element you truly need along with a reasonable estimate of the cost of each item, so you don’t run out of money or default on your loans. Be honest and conservative in your estimates, but also be optimistic.

Action Step # 3

Choose A Winning Strategy: How will you distinguish your product or service from others?

Although there are millions of types of businesses, there are actually only a few basic strategies that can be applied to make any enterprise successful. The first step in selecting an effective strategy is to identify a competitive advantage for your product or service. How will you establish that your product or service is better, cheaper, more delicious, or more convenient? How can you make your company more noticeable than your competitors? What restraints in your business or its industry might determine which strategy you choose?

Your competitive advantage may include designing special features not found in rival products. It may entail superior service characteristics such as speedier delivery, a lower price, or more attentive sales people. Perhaps you’re establishing an image or brand of exceptional quality or reputation. Does your product or service bestow a certain status on its users? Does it create more profits or other benefits for your customers’ own endeavors?

Perhaps you want to position your mousetrap for a primarily upscale market because the best design requires titanium and manufacturing costs will be so expensive only rich people will be able to afford your product. But maybe the mousetrap is so fantastically effective that wealthy people will want hundreds of them around their vast country homes and polo pony barns.

You must have a reason why your business will succeed. This is the competitive advantage your product or service will deliver. Once you’ve established the competitive advantage, you will be able to select the best strategy to reach your goal.

Action Step # 4

Analyze Your Potential Markets: Who will want your product or service?

To determine your targeted market, write down the demographics of the people who will use your product or service. How old are they? What do they do for a living? Will mostly women use your service? Is your product or service attractive to a particular ethnic or economic group of people? Will only wealthy people be able to afford it? Does your ideal customer live in a certain type of neighborhood, such as a suburb with grass lawns, in order to use your lawn mower? Answering these questions about the demographics of your prime market will help you establish the clear characteristics of the people you need to reach.

If you’re selling soap, you may believe that every dirty body needs your product, but you can’t start with the entire world as your initial market. Even if you’ve developed such a ubiquitous item as soap, you need to identify a smaller, more targeted customer group first, such as children under eight for the bubble gum scented bubble bath. If your soap only works with pumped well water without fluoride, you must acknowledge that your intended market has geographical limits as well.

Establishing the size of your potential market is important, too. This will be easier once you’ve completed the demographic analysis. Then you’ll be able to research the numbers: How many car mechanics, house painters or bathroom contractors are there in any given community? How many children in the United States are currently under the age of eight? How much soap will they use in a month or a year? How many other soap manufacturers already have a share of the market? How big are your potential competitors? And where do you find the answers to all of these questions?

Identifying your market is one of the great satisfactions of starting your own business. You’re thinking about the actual people who will use your product or service and how pleased they will be buying it as you are selling it.

Action Step # 5

Develop a Strong Marketing Campaign: How will you reach your customers and what will you say?

Entrepreneurs, especially inventors, often believe that their business concept is so spectacular that promoting their product or service won’t be necessary. Sort of a “build it and they will come” attitude, especially if what you’re building is the proverbial better mousetrap. One of the most common flaws I see in plans is the entrepreneur’s failure to describe exactly how customers will be reached and how products will be presented to them. Potential investors, staff, and partners won’t be convinced that your idea can succeed until you’ve established well-researched and effective methods of contacting your customers – and the assurance that once you’ve reached them, you can convince them to buy your product or service.

Marketing describes the way you will position your product or service within your target market and how you will let your potential customers know about your company. Positioning your company means concentrating on the competitive advantages you have identified: will your product or service distinguish itself by its superior quality, its revolutionary features or its ability to make your customers happier than they’ve ever been in their lives? Marketing helps you focus on identifying your competitive advantage so you can position your product or service. It also establishes the best ways to reach your potential customers and what to say to them.

When you have the right marketing campaign in place, you have an operating plan to gain market share, generate revenue, and bring your financial projections into reality.

Action Step # 6

Build A Dynamic Sales Effort: How will you attract customers?

The word “sales” covers all the issues related to making contact with your actual customers once you’ve established how to reach them through your marketing campaign. How will you train your sales staff to approach potential customers? Will you divide up your sales staff so some become experts in selling your bubble gum scented bubble bath to small, independent retail toy stores? Will other salespeople concentrate on developing relationships with major manufacturers so your product could be sold in tandem through their national distribution outlets? Will you have a sales force expert in buying television slots on Saturday morning cartoon shows or placing ads on the backs of kid-oriented cereal boxes?

What advertising and promotional efforts will you employ – two for the price of one specials or free coupons inside those same kid-oriented cereal boxes? Where can you locate lists of the greatest concentrations of children under the age of eight or whatever group constitutes your market?

In planning your sales activities, you will also need to answer questions such as: Is it ethical to contact your colleagues and clients from your former job as a door-to-door soap salesperson to tell them about your new business. Will you be the only salesperson in the beginning stages of your company? When will you know it’s time to hire more sales staff? How do you convince your clients that your sales staff will take care of them as well as you did? What will your basic sales philosophy be – building long-term relationships with a few major clients or developing a clientele of many short-term customers?

You will also need to consider how you will compensate your sales staff – with a base salary plus a commission? Will you hire full time staff with full benefits, or part time staff without benefits. How will you motivate your staff to do the best sales job possible?

Knowledge of your competitive advantage is just as important in designing a dynamic sales effort as it is in developing an effective marketing campaign. You’ll need to think about what product or service qualities will be the most compelling to your prospective customers. Then you’ll have to devise convincing language that clearly communicates this competitive advantage to your sales staff who will in turn use it when talking to your customers. In my experience, the most important element of an effective sales effort is having a sales staff that thoroughly understands your business and the needs or your potential customers. Therefore, your sales plan must address the issue of how you will create a sales staff that is as knowledgeable about your business as it is about your potential customers.

Action Step # 7

Design Your Company: How will you hire and organize your workforce?

By the time you’ve reached this stage of thinking about your potential business concept, you’ll probably have a good idea of the number of people you’ll need and the skills they’ll require to get your enterprise up and running. Keep in mind that your initial plans will undoubtedly change as your business grows. You may need to hire more managers to supervise your expanding staff or to set up new departments to meet new customer demands. Projected growth and expansion for your company should be mentioned in your business plan, but it’s not the primary focus. For now you want to secure help in getting started and convince your funding sources that you will become profitable.

Investors will want to know if you’re capable of running the business. Do you need to bring in experienced managers right away? Will you keep some of the existing employees or hire all new people? And where do you find these potential employees?

Funding sources will also want to know if any of your partners expect to work along side of you or if their obligations are only financial.

Your plan will need to specify the key management jobs and roles. Positions such as president, vice presidents, chief financial officer, and managers of departments will need to be defined along with stating who reports to whom. You may hope to run your company as one big happy family – and it may work out that way – but organizations require formal structure and investors will expect to see these issues addressed in your plan.

And as soon as you have employees, you need to consider how you will handle their salaries and wages, their insurance and retirement benefits, as well as analyzing the extent of your knowledge of tax related issues. As you think about hiring personnel and organizing your workforce, you must also confront your desire and ability to be a good boss. If you haven’t contemplated this aspect of your commitment to owning your own business, now is the time to give it serious consideration.

Action Step # 8

Target Your Funding Sources: Where will you find your financing?

As your business concept begins to take shape, you can begin to home in on the most likely financing sources. Issues such as the size of your business, the industry it is in, whether you are starting a new business or buying an existing one, and whether you can provide collateral to a lender are among the issues that must be considered in creating a target list of funding sources. Banks and other funding sources don’t lend money because people with interesting business ideas are nice. They follow specific guidelines, such as the RMA database, which are designed to insure that they will make money by investing in or lending to your business.

For the vast majority of entrepreneurs, the well-known, high profile means of raising money, such as through venture capital companies or by going public, are not viable options. Your own credit, credit rating, and business history are key factors in obtaining financing for your venture through Small Business Administration (SBA) guaranteed loans and other bank credit. Your ability to tap into your personal network of friends, family, and professional contacts is crucial to raising money beyond what your own personal funds or credit can provide. In all of these cases, there are important considerations such as the potential impact on relationships when family and friends become investors.

When you have completed this process of identifying the likely potential funding sources and writing a bankable business plan that addresses their needs and answers their questions (even before they ask them!), you will have greatly increased the likelihood of obtaining the financing you need.

Action Step # 9

Explain Your Financial Data: How will you convince others to invest in your endeavor?

The accuracy of your financial figures and projections is absolutely critical in convincing investors, loan sources and partners that your business concept is worthy of support. The data must also be scrupulously honest and extremely clear. Since banks and many other funding sources will compare your projections to industry averages in the Risk Management Association (RMA) data, I’ve stressed throughout my book how you can use the RMA figures to test your projections before the bank does. Your numbers will be more credible if they compare reasonably to the industry averages.

The actual number crunching portion of your business plan is the place to discuss how and why you need certain equipment, time or talent, how much these items will cost, when you expect to turn a profit, and how much return and other benefits your investors will receive.

More new businesses fail because they simply run out of cash reserves than for any other reason. Investors lose confidence in the entrepreneur and the business and become reluctant to invest more when projections are not met. Had the projections been less optimistic and the investors asked to invest more in the beginning, they probably would have done so. In most cases, proper planning and more accurate projections could have avoided this problem completely.

Your business plan should clearly state the amount of funds you need, how soon you require them, and how long before you start repaying investors. You should also explain what type of financing you hope to acquire, either equity (such as through the sale of ownership shares in your company) or debt (such as loans to the company).

If you’re planning to buy an existing business or already own a business you would like to improve or expand, you will also need to provide a detailed historical financial summary of how well – or poorly – the business has done in the past. This analysis should also include a comparison of this venture’s financial performance compared to the industry standards.

Action Step # 10

Present Yourself in the Best Light: What are your qualifications for bringing your plan to fruition?

The talents, experience and enthusiasm you bring to your enterprise are unique. They provide some of the most compelling reasons for others to finance your concept. Keep in mind that investors invest in people more than ideas. Even if your potential business has many competitors or is not on the cutting edge of an industry, the qualifications and commitment you demonstrate in your plan can convince others to proffer their support.

Your resume will be included in the separate appendix of exhibits at the end of the plan, so this is not the place to list every job you’ve ever had or the fact that you were an art history major in college, especially if these experiences have no direct bearing on your ability to start your own business. But it is the place to emphasize qualifying skills that may not be readily apparent from your resume.

But don’t overlook the impact being some part of your background that might even seem unrelated to your new venture. For example, having been a pilot may demonstrate that you know how to supervise a crew of people working together to make a group experience if not comfortable, at least safe. You have undoubtedly handled dissatisfied or enraged customers. Even that BA degree in art history may enable you to make your products or store more appealing to the eye.

Your unique qualifications will separate you from all the other people who have sought venture capital for similar ideas. Boasting about these skills is not hubris; it indicates that you have a highly honed business savvy.

Easy Steps to Develop Your Entrepreneurship Skills!

From business to academia. Different people have different answers to this age old question. While there are those who claim that these skills can be acquired through dedication and hard work, there are also those who believe you are born with it. In short, either you have it or you don’t. But the premise of the question is not right in the first place. And for the most part, you can always acquire any skill if you set your mind to it.

So, how to go about this entrepreneurship skills development path and what are the steps to follow? Here are some:

Learning to look at the big picture

Entrepreneurship skills development starts with you seeing the bigger picture. What this implies that you have to understand the industry that you are in, and how different domains are interconnected. It means having an insight into how companies operate on a fundamental level and how businesses are built from the ground up. If you are someone who is not willing to keep himself updated with the market trends, then there is not much potential for success. Neither for you nor for your organization.

An appetite for success

Entrepreneurship skills development is as much about learning and acquiring new skills as it is about having an appetite for success. You have to have the will to make things happen, and this requires not only motivation but an ability to push yourself beyond what’s required of you. Understand this, this is your company that you are working to build and nobody is going to care about it apart from you. Be hungry to get more accomplished. You can get to this by ensuring that you plan your day well in advance. Remember, failing to plan is planning to fail!

Valor

Don’t sulk if you feel you don’t self-confidence, at least in any meaningful amount. The fact of the matter is this, very few of us, yes, even your idols had much self-confidence when they started out. The only reason you don’t have confidence is because you haven’t experienced much successes or failures. Only through experience, you going to develop any confidence. Have the guts to act like you do. Make people believe in you. That’s enough to make those investors trust you and give your venture a shot. Entrepreneurship skills development can require you to fake confidence at times, go for it. Nobody has it when they start out.

Decisiveness

If you ask different people regarding decisiveness, then you will probably get n number of different answers. For the most part, all you will get is fuzzy notions about decisiveness and leadership. Decisiveness will play a big role on your path towards Entrepreneurship skills development.

Above all, to become a great entrepreneur you will have to become more inquisitive, reasonable, and a great listener.

7 Simple Steps For Setting Up A Successful Business

There are basic things one must know before setting up any business in the world- in Africa, America, Asia, Europe and Middle East. These are indispensable facts and truths that must be followed religiously or as Doctor’s prescriptions. Any neglect in any of them lead to failure or many never allows you to start up any biz. These simple steps are outlined as follows:

1. Identify The Needs. Every business provides solution to the needs of their customers. These solutions could be in provision of goods and services. Everyone under the Sun has one need or the other and is looking for solution. And as you identify the needs and provide the solution, you will be rewarded in cash most times, thus you are already in business.

2. Identify Your Passion. There many needs around us, but sometimes difficult to identify. To do this therefore, ask yourself these following questions, what do I love doing? What is your hobby? Singing, baking, serving, teaching, etc. whatever you love doing without stress or much supervision, or much planning is your hobby. There are people that want to enjoy for money, so give it to them and make some money.

3. Training. Training involves learning to know what you love to do more effectively and efficiently using the latest technologies and methods. Training brings out the best in you and sometimes identifies your passion and the needs around you. It is the acquisition of knowledge and wisdom is the right application of knowledge. So training makes you wise. How much training do you have? Get trained today to enjoy tomorrow, scarify your time and money today to earn more tomorrow. Get more training today in whatever field of your endeavor… or neglect it and regret tomorrow. Technologies are changing and improving daily- improve alongside through training. Are you computer literate? Do know that money than half of the world’s money is made via the internet/computer. Ignorant is terrible, get trained today.

4. Capital. This is one of the greatest factors that determine the setting up of any business. Most business could not take off due to lack of it, or could not expand and continue due to inadequacy, and sometimes its surplus leads to lack of proper planning and mismanagement. There are various ways to raise capital to start business listed below: i. Personal savings. ii. Savings and cooperative scheme. iii. Daily contribution and savings scheme (Isusu or Akawo). Iv. Family and friends contributions. V. Loans from banks. Vi. Partnership.

5. Location of the business. The type of biz you want to start will determine its location. The factors that determine its location is but not limited: Nearness to raw materials, Nearness market/customers. A farm biz will not be located at the center of the town but in the village where there are plenty farm land. While an internet/computer biz will be located in the center of the town with internet facilities.

6. Socialization. Every business grows as a result of the product/services and the customers. A business transaction is complete when it gets to the final consumer. Training makes you an expert while socialization links you to your potential customers. Make friends always, have a functional phone line (24/7), an active email account (free), connect to face book and twitter (free), let many know what you do, use bulk sms to advertise your products and services.

7. Honesty and Integrity. Skill and training takes you to the top while honesty and integrity keeps you at the top. One thing is to start a business; another thing is to keep that business. Deliver what you promised on time, never short change anybody. Bad news spreads faster than good news, so be careful and courteous with your customers. Maintain a high level of integrity and be sure to make it. See you at the TOP.

How to Start A House Cleaning Business In 7 Simple Steps

One of the main reasons people start businesses is to make money. For some it’s a blessing to make money doing something they love. I’m not saying that you have to love house cleaning in order to have a successful house cleaning business; however it would be a good idea if you didn’t hate it.

How much money you make depends on how big you want your business to be. It could be a one person operation where you set up at home and service areas close to home, or you could set up a commercial office and hire people to work for you.

Here are 7 simple steps to get you started on your own house cleaning business.

1) Decide exactly what kind of house cleaning services you will offer.

Here you decided what cleaning you will do, like making beds, vacuuming, mopping and waxing floors, dusting and so on. Also note what you won’t do, e.g. laundry. You can also decide to specialize, e.g. by cleaning carpets only, or cleaning suspended ceilings only.

2) Pricing your housecleaning service.

To have an idea of how to charge for your housecleaning service, use your competition. Check your telephone directory and the classified ads section in your local newspapers for cleaning businesses, call them up (pretend to be a prospective client) and find out exactly what cleaning services they offer and how much they charge. With this information gathered decide the best price to charge for your cleaning service.

3) Workout startup costs.

For this you need to consider, tools, material, transport, advertising, insurance etc. Write down a list all the tools and material you need, like cleaners, sponges, mops, carpet cleaning equipment etc. Next find out the cost of each item on the list and write it down next to the item.

Transport: you will have to estimate your costs here. You see it depends on where your client is located and your means of transportation to get to your client. (Having your own vehicle would be to your advantage).

Advertising: You can use free advertising (word of mouth) and paid advertising (classifieds, telephone directory ads etc). Phone calls to your local newspaper and the telephone company who publish your telephone directory will tell you the cost of placing ads.

Once you’ve gathered all this information, calculate your total startup costs.

4) Name your business.

Choosing an appropriate name for your house cleaning business is important. Here are a few examples I got of the internet, ‘Maid Brigade’, ‘All Shine Cleaning’, ‘White Glove Cleaning Service’. Please avoid using ‘Your Name Cleaning Services’. Using your own name as part of your business name is over done by many house cleaning businesses. Brainstorm and come up with a name that helps you stand out of the crowd.

5) Learn the zoning regulations of your community.

Check the city clerk’s Office or your local library for a copy for a copy of the zoning laws governing your community. Your reason for doing this is that some zoning regulations prohibit home businesses in a community.

6) Do a few free cleaning jobs.

Well you’re not actually doing them for free. You’re doing them in exchange for references (these add to your credibility for future paying clients and are invaluable). You can offer these free cleaning jobs to friends, non profit organizations in your communities etc.

7) Get your first paying client then get another and another and another and so on.

Tell everyone you know that you’ve started a cleaning business and place ads in the local newspapers. In the beginning you need to spend most of your time and money getting paying clients. However, the more clients you get the less time and money you spend on marketing and more time you spend on cleaning and making your clients happy.

This is just the beginning. Once you start making money take a house cleaning business course to help you better manage your business in terms of growth, accounting, taxes, insurance better marketing strategies and more.

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You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated. fayolap@yahoo.com

12 Steps to Creating a Business Online

“E-commerce”

A word pervading our society, making headlines around the

world, and causing the stock market to rise and fall with

startling ease.

It seems every business news story centers on some

technology company’s “DOT-com” or “DOT-bomb”!

With all the positive and negative hoopla, business owners

of any size company can throw up their hands and feel the

“E” world has left them behind.

Every business owner, salesperson, or professional asked one

of two questions in the past year, either “Am I using e-

commerce correctly?” or “How do I effectively get involved

in e-commerce?”

You can buy hundreds of books and pay thousands in

consulting fees to analyze and debate the answer to the

first question.

To answer to the second question just follow these 12 steps.

Step 1 – Buy a domain name (your own DOT-com). Go to

http://www.NetworkSolutions.com and research names. Can a customer

easily spell and remember it?

Step 2 – Write down your online goals and prepare a time and

money budget.

How soon do you want your e-commerce site up and running?

How much will you spend?

How many hours will you devote to the site and when?

Step 3 – Surf the web to find other sites you like and

dislike. Learn from others’ successes and mistakes by taking

the best of what their sites offer and adapting it for your

own use.

Step 4 – Design your site on paper. Define elements, look,

feel, colors etc.

Step 5 – Hire a professional to set up the graphics and

navigation, but with the intention of you or your staff

maintaining the site’s day to day operations, communication

and updates.

Step 6 – Invest in a digital camera and web publishing

software such as Microsoft Front Page or Adobe Acrobat to

keep up with the site’s maintenance.

Step 7 – Maintain, change, and update your site at least

once a month. (The one exception to this rule are those one-

page, sales letter websites. Once you have one of those that

performs well and makes sales, don’t change it!!)

Step 8 – Promote your site at every opportunity. Tell people

about it. Put your web address on your business cards and in

all your ads. Some companies even advertise their web

address when they put you on hold on the telephone.

Step 9 – Give people a self-serving reason to visit your

site. Coupon savings, discounts, special incentives, free

information, and free newsletters represent excellent

enticements for attracting visitors to your site.

Step 10 – Concentrate on obtaining an email address from

every customer and potential customer.

Obtain permission to send periodic, value-added malings to

your database.

Use a list server to organize and maintain your mailing

list.

Step 11 – Always look for and use the simplest solution or

option.

Whether adding a shopping cart, database or other option to

your e-commerce operation, seek out and use the simplest

answer for your needs.

Step 12 – Become educated and stay current in the world of

e-commerce.

Learn the marketing and sales techniques of the online

world.

Basic Steps to Set Up a Business in Dubai

Are you thinking of starting your business in Dubai? Congratulations, you have chosen one of the best business ecosystems in the world for your new endeavor. Dubai is more than mere a city of architectural marvels- it is one of the most fertile grounds for new businesses. This is just one of the many things that make the commercial capital of UAE the best place to live and work. And as for starting up a business here, there’s no question that there’s a lot of potential to be tapped here in Dubai. So, if you are eager to set up your own enterprise, this article will help explain what you need to know and do to get your company registered and off the ground.

We have equipped this article with necessary links to guide you about the process and documentation required. Take a good look at the below before you kick off the actual process- the good news, though, is that on average, if you are ready with all required documents, it takes less than 10 days to start your company in Dubai. So, let’s start!

But before you start your legal formalities, you need to consider some elements required in the process:

Know your business

The success of a great business venture depends on sound knowledge of the local region, thorough research into the viability and demand for your product or service and a credible business plan that is likely to attract investment partners.

Yes you have a great idea, but is there a demand for what you are offering? What does your competition look like and what puts your business offering a notch above the others?

Select a Location that optimizes suitability, convenience, and costsAnother important step in planning a business startup in Dubai is to determine the most suitable location for the business. Setting up a profit-based enterprise in the city wouldn’t do you much good despite the growing economy if you’re customers or clients can’t reach you.You need to set up your business in an area that is most profitable for your business or most convenient to your business. A location in the right city can be selected for a shop or an office is most known for the type of product or service you are dealing with.

If you are planning a Free Zone company then you must make the selection based upon the criteria of distance, costs and if it is suitable for your product, business model, and trade requirements.

A tenancy contract must be concluded. If you’re aiming to start a small-scale enterprise, then the basic amenities, like telecommunication, storage, and space inside the establishment is the basic concern that must also be satisfied. Other services available in the commercial property can vary greatly.

Financial viability

Once you business is registered, the Ministry of Commerce will require owners to show proof of financial investment. If you are new to the region and have no track record, you must be prepared to find your own financial resources through your bank or by other means rather than relying on local support.

Once you have established the validity of your concept, from a marketability stand point as well as financial viability, you can now look at the steps for turning your idea into a booming business.

UAE Commercial Companies Law and Federal Law define seven basic categories of business organization that can be established in Dubai and the UAE. The requirements for minimum capital levels, shareholders and procedures for incorporation will vary with the type of business structure.

Changes to Foreign Ownership and Visa Rules Announcement

Anyone coming into the UAE as a professional or as an investor is typically granted a residence visa of two years, which is renewable. This has now been changed to a ten-year visa for investors and professionals in highly skilled fields such as engineering, medicine and science. Students will be given a special five-year visa, while those who consistently perform well and earn top grades will be granted a ten-year visa as well.

Another very significant change is in the ownership of companies.Businesses within the UAE are divided into two main categories: mainland businesses and freezone businesses.

At present, mainland businesses can be partially owned by expatriate entrepreneurs, but must have a UAE national as a majority shareholder in the company. Freezone companies, on the other hand, can have full foreign ownership and are subject to separate regulations depending on the freezone.

With the new regulations, every business, whether mainland or freezone, will be able to have 100% foreign ownership without the need for an Emirati partner.

Confirm your Visa eligibility and requirement

For a business startup in the UAE, a visa permitting you and employees to live in UAE is essential to run your business.

Visas are allowed for almost all businesses.

However, their number varies according to a variety of criteria such as the size of the office, nature of the business, the category of the employee or the investor.

Documents Required for LLC

Investor’s passport copy

Local Sponsor’s passport copy

Manager’s Passport copy

Registration application form from Economic Department

Trade name reservation

Initial approval from Economic Department Tenancy contract for the Office/warehouse or showroom attested by planning department and civil defence department of Dubai municipality along with location plan.

Memorandum of Association duly attested from public notary.

Documents Required for Professional firms

Parent Business formation certificate duly attested from the UAE embassy in the home country of the parent organisation.

Board resolution for establishing a branch and to appoint the manager for the same

Attested copy(from UAE Embassy) of organisation memorandum / articles of association

Financial statements for the last two years

Local service agency agreement duly notarised in the UAE courts

Passport copy of the local service agent

Passport copy of the Manager

Company profile

NOC letter in favour of the Manager from the sponsor, if he is a resident of the UAE

Company Registration in Dubai, UAE

Businesses of any category operating in the UAE must have a license for registering into the business network of the country. Company registration in UAE requires a trade license and permission from different law enforcement agencies and the state government for setting up your business. Company registration in Dubai for businesses like financial services, food, health services, printing and publishing requires a lot more clearance than any other business.

Company registration in UAE falls into following three categories depending on the nature of your business:

Company Registration in Dubai, UAECommercial License – This license is issued to those companies who are just looking for trading business activities.

Industrial License – This license is for those companies who will engage in manufacturing or other industrial activities.

Professional License – This license is issued specifically for different service providers, artisans, craftsmen and other professionals.

For the company registration in Dubai, the Department of Economic Development (DED) of UAE issues the required licenses.

Get a License Notification

There are many complex requirements associated with the issuing of the business license. The company registration in Dubai for financial services must need the approval of the Central Bank of UAE. The license for the manufacturing companies requires approval from Industry ministry of UAE. Similarly, the medical service providers require approval from the Health Ministry of UAE.Once the necessary documents are obtained and formalized, the initial application process will begin at the relevant issuing authority along with registering the company’s formal name. This crucial stage paves the way for clarification of the final fees and the final acceptance of the company’s proposed activities.

Hire a registration agent to take you through the process of business startup

Hiring a business advisory firm to register your business startup may be your best option.

These consultants will not only hold your hand right through the setup process but will also actually register the company for you. And will help with opening your bank account, arrange for an auditor, do your renewals and offer you nominee services.

You may find their expertise in dealing with the local government bureaucracy and with Free Zone Authorities to be of great help in planning and itemize your business startup costs.

In most cases, these firms offer a team of experts to plan out your company registration from scratch – this includes the strategies you need to follow in order to smoothly set up your business, itemizing potential costs, offering licensing and location options, coming up with solutions for potential business hurdles, and so on.

Also, they will take care of all the necessary requirements to help you to have your business registered legally with minimal problems on your end.

If you are looking for trading in any of these industries in Dubai or any other, then we can give you the best advice for your company registration in UAE. For more details visit: http://www.namaccountants.com/ or Contact us: 971-558876440

5 Steps to Move From Employee to Entrepreneur

Have you been considering quitting your day job in favor of starting a business? Have you just lost your job and are currently exploring alternative ways of earning a living? Have you always dreamt of owning your own business some day?

Before you take the leap of faith into self-employment, consider these 5 steps:

Get clear on your goals/passions – It’s not enough to decide to become a business owner. There are several questions and things to consider before you move forward in becoming a business owner. You will need to think about what kind of business you wish to run. You`ll need to determine if you wish to grow it from scratch, buy an existing business or purchase an available franchise. But even before you decide that- you should think about how the business will fit in with the rest of your life. Running a business can be a huge commitment of time and money. So ask yourself what do you enjoy doing or what will bring you joy? You will spend much of your day on your business so it’s a good idea for the business to provide work you actually enjoy doing. Ask yourself what you are most passionate about? What would you love to do? What is your dream job/business?
Do your research/homework – Don’t make any rash or impulsive decisions and don’t leave your day job until you are absolutely sure of what you want to do and have a plan for doing it. Take the time to do good research by researching the industry, the marketplace, your potential target clients, your competitors. Do proper business research including a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis. Get a good handle on projected revenues and realistic operating costs as well as an understanding on how long it will take to breakeven and generate more revenues than expenses. Identify your personal strengths and skills and determine if there are any skills gaps. Determine how you will close any skill gaps or lack of expertise. Which gaps can be closed through skills training? Which gaps can be closed through recruiting the right people? Which gaps can be closed through coaching or mentoring? Determine what options and opportunities are available to you right now?
Learn from others’ mistakes – There is no shortage of people who have started or run a business. Speak to as many people as you can who have gone before you. Learn what you can about what works, what doesn’t, and what mistakes others have made. Don’t waste valuable time and money. Be open to hearing others` perspectives on what they would have done differently. Hindsight is always 20/20.
Business Plan ahead – Do the work and develop a business plan. While it may be a lot of work, it will be time well spent and most financial institutions will require one if you are searching for financing. The process of business planning is not only to prove to the bank that your business will be a success, it’s also a roadmap for you to follow to ensure success. Running your business finances can be like running your weekly, monthly or yearly personal budget – so if you haven’t developed good budgeting and financial management skills, it might be particularly challenging and doubly important to have a solid business plan.
Hire a mentor – Starting and running a business can be challenging or even lonely at times. In addition to the day to day operations of the business, you may be mentally or emotionally overwhelmed by being a business owner. Having a safe place to go to for advice, guidance, and accountability or simply as a sounding board can be just what you need to help you make the transition into entrepreurship easier and smoother. Good coaching and mentoring can really help you fast track your transition.

While there are many advantages to being an entrepreneur, it`s important for you to also consider the downside of self-employment. Become a business owner armed with as much information, skills and tools you can to ensure a successful transition from employee to entrepreneur.

Importing Mezcal From Oaxaca Into the US & Elsewhere: First Steps

You’re considering starting up your own brand of the Mexican spirit, mezcal, yet you have some doubts as to the viability of the project in this now burgeoning market for the lesser known cousin of tequila. Alternatively, you’re just having a bit of difficulty understanding all of the steps you either must take or have as options. You want to be a part of the boom; perhaps as an ardent no-holds-barred capitalist who jumps on opportunity when it knocks. Or alternatively as someone with pure passion for mezcal and its hand-crafted production methods and rudimentary tools of the trade. Maybe you’re somewhere in between. Is there still room for your project given that virtually every month there is a new product line in the market into which you want to export from Mexico? You likely have your eyes set on importing from the southern state of Oaxaca where the lion’s share of the agave based spirit is distilled.

The simple answer to the question about market saturation is yes, there are still practical business opportunities. But this assumes that you have a reasonable price-point for the quality of mezcal you have in mind, and a solid distribution/promotional plan.

Start out by learning as much as possible about the regulatory framework of the jurisdiction in which you want to distribute mezcal. On balance it is very different from how you would go about importing and selling shirts, microwaves or sofas. Presumably you already have at least a cursory understanding of alcohol distribution in at least your home country. But remember that, for example, with respect to Canada, there are governments (i.e. of the province of Ontario) which control at least some aspects of all liquor, beer and wine sales. If you are considering the US, there are some states which are subject to the three-tier system. Accordingly, take your time and learn before diving in.

There are matters which you should at least consider even prior to visiting Oaxaca with your mezcal business in mind. They impact the extent to which your plan will be feasible and more importantly successful. Think about:

ABV (alcohol by volume) of the spirit, because making that determination will impact the price you pay for your mezcal and the ultimate retail cost to consumers, and will have an effect on your target market. It must be somewhere between 36 and 55 percent, although it is suggested that the closer you get towards the bottom end of the range, the less successful you will be in attracting those who are already aficionados of the spirit.
Packaging in terms of bottle, top, labeling including sealing. Are you considering a stock bottle, or having a mold made? Will it be more or less standard 750 ml shape, or do you have a more squat bottle in mind with a shorter neck. If the latter, the weight and form might adversely impact the extent to which bartenders will be inclined to grab it from a shelf containing several other products. Are you considering natural as opposed to artificial cork, and why? Would you prefer putting your money into the label rather than a costly heavy bottle? If leaning towards the latter, realize that a pallet for transporting might accommodate only 500 bottles as opposed to 900 bottles, thereby increasing your ultimate cost per unit.
Whether you want your mezcal to be priced high-end, middle of the road, or inexpensive.
Deciding upon whether you’ll be selling only blanco / joven (un-aged clear), or considering having an aged mezcal in your repertoire. Why?
Will you be starting out with just one agave specie such as espadín and then over time expand your offerings, or hitting the market guns blazing? Don’t forget that there is a middle ground.
Deciding if you will initially be working with only one palenquero, or more. Do you expect exclusivity over all of your palenquero’s certified mezcal, and recognize that at least initially this might not be in his best interests?
You might want to consider a start-up plan of approach, working out an arrangement with a palenquero who is not yet certified and is seeking capital in order to go that route whereby he, through you, has access to the export market, either domestic or international.
Is the plan to import ancestral (typically distilled in clay and crushed in a relatively rudimentary fashion) or artisanal (traditionally distilled in copper alembics? There are other permutations in and differences between these two categories.
You should consider whether or not you would be prepared to live in Oaxaca, or at minimum visit the city / region of the state where your operation is located a few times a year. Alternatively you might have one or more full-time staff to run it.
Can you afford to embark on a project which might not necessarily produce sufficient revenue for its continued viability?
What type and amount of capitalization are you considering?
Determining the most prudent approach in terms of numbers of bottles to initially import into your market, and the long-term goal. This will likely impact your decision on the type and size of distillery / distilleries with which you want to partner, and the ultimate number of palenqueros when your project is running at its full potential.
Legal matters such as contracts, registrations and filings must be considered for not only the jurisdiction into which you want to import the mezcal, but also for Mexico. There is a relatively sophisticated regulatory multi-departmental administrative framework with which you must comply in order to export mezcal, and so a Mexican lawyer is suggested, better yet a Oaxacan with expertise in both intellectual property and spirits.

Brand name is of course important, but sometimes other factors play more important roles impacting a mezcal project’s success. Your brand name must be registered in Mexico even if you have no interest in the domestic market. So you should consider a name you think is available in the jurisdiction of your proposed market as well as in Mexico. Don’t spend an inordinate amount of effort and resources on brand name development until you have confirmed the name is not taken in Mexico. Some entrepreneurs actually wait until they have been to Oaxaca and decided upon a palenquero, to then select a name, or wait until in the region and somehow have been inspired to the point when a marketing concept, including name, leaps out.

The foregoing is an enumeration of a limited number of considerations to be pondered early on in the process of embarking upon a mezcal import project. The listing is far from exhaustive, and meant to merely alert those with an interest in getting into the mezcal business as to its complexity. Proceed with caution, and explore every detail meticulously, thereby maximizing the likelihood of success.

Learn How To Start Making Money Online In 10 Steps

In this article I will describe the basic steps how to start your online business. First of all I would like to say that there are many ways to make money online but in order to be successful, you have to follow certain steps. So here we go.

Step 1.

In order to make money online, you have to sell or promote something. So the first thing to do is to decide what to promote or sell. Here you have two options.

a. Promote your own product

b. Promote an Affiliate product

If you don’t have your own product, you can create one, but it will take you some time and also an investment is involved to create the product. If you decide to promote an affiliate product, there is no investment involved and also you save a lot of time. After you decide what to promote, you can go to the next step.

Step 2.

If you have decided to promote your own product, you have two options.

a. Create your own website and promote the product exclusively from there

b. Open a ClickBank account and list your product there, so other internet marketers will promote it for you, and you will pay them commission for every piece sold.

If you have decided to promote an affiliate product, again you have to open a ClickBank account, but here you do not list a product but you have to choose from the market place other people’s products to sell and get commission.

Step 3.

If you are promoting your own product, start creating your website. It is better to hire a professional for this job, because you don’t want other people to think that you are not an expert. The website should look professional.

If you are promoting an affiliate product, now is the time to choose the right product that will make money for you.

Step 4.

This step may be skipped by those promoting their own products.

How to choose product to promote from ClickBank?

In order to choose the best and most profitable affiliate product for you, look for the following things:

a. Your affiliate product must be related to topic that you like or to your hobbies or passions

b. To offer high commission in matter of cash and not percentage from the price

c. To have high Gravity (gravity above 80 and bellow 200 is perfect for beginners)

d. To have high quality Sales Page

e. To have high conversion rate (anything above 2.5% is good)

f. To have support by the vendor

Step 5.

This step may be skipped by those promoting their own products.

After selecting your affiliate product, you have to generate your Hop Link from Click Bank and then purchase your first domain name. I personally recommend Go Daddy for your domain. After purchasing your domain name, set up the forwarding option so when somebody visits your domain name, will be forwarded to the sales page of the product.

Step 6.

Generate your keywords related to your product. Start with the single keywords and then go to the long tail keywords.

Example for keywords related to Money Making Products: money, money making, make money, win money, earn money, easy money, etc.

Example for long tail keywords related to Money Making Products: make money online, make money online from home, how to make money online, home based business making easy money, how to make my online business profitable, etc.

You have to make a list of at least 50 keywords related to your product. Try to find keywords that have big number of searches in the search engine, but relatively low results.

The best tool to start is Google Keyword Tool

Step 7.

Start You Promotion

Here you have many options to choose from.

No matter if you promote your own product & services or an affiliate product those methods will bring you customers.

In order to get customers, you need traffic to your website or your domain and then forwarded to the sales page.

More traffic means more money in your bank account.

There are two options.

Option 1 – pay to get traffic

Option 2 – get traffic for free

The first method will bring you traffic relatively fast, but if you are beginner there is a risk of losing money.

The second method may take some time to bring you traffic but it is free of any risk and it is also totally free of charge. You have to spend some time working however

Step 8

Free Methods of Getting Traffic

a. Article Writing – write different articles about your product and publish them to the net. The best article publishing website is Ezine Articles

b. Social Networking – create accounts in Facebook and Twitter and start making friends and then inform them about your product.

c. Video Posting – create You Tube account and upload funny videos, then include your website or domain name in the video.

d. Free Classified Ads – USFreeAds is the best to start

e. Create your own blog and invite people to visit and tell you their opinion

f. Yahoo Answers – create an account and start answering questions related to your product and send the people to your articles and from there to the product.

There are hundreds of free methods to generate traffic but those are the most popular and effective. It is better if you focus on one or two of those methods at a time and not get involved with all simultaneously.

Step 9

Paid Methods of Getting Traffic

a. Google Ad Words – open an account and start you first advertising campaign. Be very careful with the keywords you use because there is a possibility of losing money

b. Press Release – create an account with PR Web and start publishing your press release. It is an expensive and more advanced technique however the results are great.

c. Hire a professional from Elance to write articles for you and publish them to the different websites.

Step 10

Make your first Online Dollar

If you follow the previous steps one by one and be consistent with your work, definitely you will make money online

The foundation of being a successful internet marketer is the knowledge you have in order to be able to implement all those steps. If you don’t have the knowledge or someone to help you and teach you, unfortunately you may be trying to make money online for years without any success.

If you want to be couched by the best internet marketer and have 24/7 live phone support and access to more than 450 hours of DVD quality tutorials, detailed blueprints how to use the hundreds of methods to make money online and more than 75 turnkey products for you to sell, and many more…

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