7 Advantages Why Selling Products Online Through Dropshipping Companies Might Be A Good Idea

Selling your products through the online market is a better opportunity to take your business to a wider venue in order to gain more customers. The advent of Internet has become life more convenient. Even the usual shopping and doing business is brought to this medium hence having a greater chance of tapping more clients globally. Many business companies have taken advantage of this technology to maximize profits and expanding your market.

Selling products online via dropping shipping companies is considered a good idea because of the advantages it can give to the manufacturers. It is also a seen income generating opportunity for those who are willing to act as dropshippers to augment their income.

Drop shipping is a delivery method involving merchants who accept orders and processing the same and the customer receives the product directly from the one manufacturing it. The merchant is considered as a middleman and gain income from the residual value of wholesale and retail price of products sold. Dropshipping is now an online method of doing business and getting into the mainstream.

If you have been weighing down your options whether to do online business via dropshipper consider the following advantages and be certain with your choice.

  1. With dropshipping, you have access to wholesale products. This is a good advantage since you get quality products to sell which is sure to attract potential customers. You can also get involved with a wide variety of product line to maximize earning potential.
  2. Selling risk is minimized through dropshipping since you don’t need to hoard and stock up more inventories. Since trend changes anytime, it is not safe to keep too many inventories which will result to unfortunate financial loss.
  3. No minimum order required. One good advantage of dropshipping is that you can order the product you like in any quantity you like.
  4. Startup capital is minimal. Selling products online through this method do not require significant investment. You can sell products anytime you want and no need to keep too many stocks.
  5. No delivery worries. Another advantage of dropshipping is that you don’t think of delivery rather focus on effective marketing of products through online.
  6. Dropping is a practical solution for those who are looking for supplemental income. If you have a full time job, you can continue doing your routine and during your spare time, market and sell products that you like.
  7. Dropshipping helps you cut-down costs. Opting for dropshipping will keep your expenses variable and do away with fixed overhead cost like inventory.

If you have been looking for a business opportunity which is viable to undertake, then why not consider dropshipping companies in selling products online. This can be your chance to expand your market with fewer worries. Everyone has now equal opportunity to augment and maximize earning capacity.

Strategy – How To Keep Your Service Business Focused On The Most Productive Business Activities

One of the prevalent problems most service business owners experience is difficulty with focus, loss of focus, and having no focus for their business. Instead, they conduct business from the “putting out fires” position. They aren’t staying focused at all times on the most productive business activities (bringing in clients, increasing revenue, increasing profit). They’re letting other demands pull them away. Often, these demands are not important or even relevant. If you’re having trouble keeping your focus on the right business activities, here are a few ideas for you.

1. Keep it simple.

You don’t have to do four million things at once. Eliminate 95% of the stuff you’re currently doing, and get it down to just a handful of activities. Put everything else “on the back burner” – at least temporarily. You can still do these activities. You don’t have to do them now.

2. Create a written strategy.

Know exactly what you want to accomplish with your business, the tactics to do that, and all the action steps that each tactic requires. Work from this strategy. Put a time-line to this strategy. Follow the time-line, and keep your focus on the top priority activity (as identified by your time-line).

3. Ask yourself at all times, “Is this the most productive business activity I could be doing?”

If not, make some changes. Make this reminder habitual and you’ll discover how much of your business activity is not focused on your most productive activities.

4. Execute your strategy consistently.

Use your written strategy as your business roadmap, making it clear what is next, and where your focus should be. Resist all the sales spiels and time demands, or delay them into future strategic behavior. You can add new things into your strategy at any time. Just make sure that they really are valuable and not distractions to your strategic objectives. It is challenging to stay focused and to resist distractions, but try using as a “filter” the primary objective of your strategy. Ask yourself if any new activities Will truly advance that objective.

5. Be clear in your strategic planning about any information or training you need, and work on getting it before you need it.

One sure way to stop your business momentum is to neglect to educate yourself in advance of the need to know. Figure out what you do not know and where to learn it. Stay ahead of your need to know and you will maintain the momentum of your business.

6. Recognize and reject distractions.

When new ideas or time demands arise, see if they fit the context of your current strategy. Explore whether or not they fit somewhere into your longer-term strategy. Are they simply distractions? Stay clear on this, and be willing to place these new potential activities where they belong in relation to your strategy.

7. Keep your focus on the concept of focus.

Modern life has unlimited potential to distract us with “important” activities that are essentially time wasters. It’s way too easy to get sucked into following the crowd with the “latest greatest” technologies, methods, and ideas. They are so seductive and play on our fear of being “left behind” in a rush to the new. We don’t question whether or not they are effective, fit our personality, or advance our strategy. Instead, we just jump in and follow the herd. Decide you will behave differently, and it will really pay off for your business.

These ideas will help you keep your service business focused on the most productive activities. Stay focused on attracting more clients, and increasing your revenue and profit. Don’t get distracted by off-track activities.

Video Production Business Tip – Restructure Video Production Debt, Improve Monthly Cash

To work on my video production business expenditures, I have already tried to reduce my fixed expenses by negotiating with monthly vendors such as your landlord, Internet service provider, Telephone Company, etc. That’s a lot of money you’ll be able to save just by picking up the phone and asking questions regarding how you can bring your costs down.

After I went through this exercise some time ago, I started to think about how I could bring my monthly expenses down as it relates to my overall business debt. Right now, I pay almost $10,000 dollars a month in business debt that I took on some time ago in order to grow my business with equipment, real-estate and personnel. No, that’s not a typo.

Even though I have since “right-sized” my video business and it is profitable in its current state, I still owe the debt. Currently, the payment plans I’m on will have me out of debt in 3 years. That’s great but I’m no longer happy about having to pay so much money each month and I believe I can get a better interest rate.

My plan: To get a single bank to roll ALL my business debt into one large loan for a term of 5 years at a 6% interest rate. If I’m successful in doing this, I will reduce my overall monthly debt payments by $6,000.

Yes, you read that correctly! Once the loan is finalized, my video business will immediately increase its monthly profit by $6,000. That’s $72,000 extra a year that will be in my pocket instead of the pockets of my lenders. Plus, it will be a single check written each month instead of multiple.

Some of you may be wondering why I’d prefer to stretch my payments over 5 years instead of staying on course to pay it all off in three years. It’s really easy. If I pay $6,000 more per month for another 3 years, I’m losing $72,000 in cash flow each year for 3 years. Sure, I’d be completely out of debt in 3 years, but at the expense of $216,000 that I won’t be able to use to increase my personal net worth.

Plus, as soon as the refinance is complete and my monthly cash flow (or profit) increases by $6,000, the value of my video business will increase by roughly $500,000. And, if the economy continues to make it hard on the video production industry, I’ll have $6,000 less I’ll need to generate in sales each month just to keep our heads above water.

I spent a couple days last week approaching several banks with my offer and I should hear back from them in a few days. Overall, my financials are strong. I have 15 years in the industry and 9+ years running this particular video production business so I don’t think I’ll have any issues getting one of the banks to do the deal. But in today’s economy, nothing is guaranteed so I’ll keep my fingers crossed.

So, what does all this mean for you? I suggest that you look at your debt (if you have any) and start crunching some numbers to see if you can refinance the debt with a better interest rate resulting in a lower payment each month. You’ll need the extra cash flow in this down economy and as it starts to turn around, you’ll have extra money to either invest back in your video business or to start building your personal net worth.

One word of caution though. Don’t make any major financial decisions without first consulting your accountant. If you don’t have an accountant, GET ONE! They will save you A LOT of money and headache in the long run.

If and when you decide to approach the banks to refinance your debt, you’ll need to make sure you take the following with you:

  • 2 years business tax returns
  • 2 years personal tax returns
  • Year-to-date profit/loss statements for your business
  • Year-to-date balance sheet
  • List of debts you want to refinance
  • If your video business is an LLC or corporation, Articles of Incorporation or some type of document that proves you have the authority to borrow that much money for your business.

By having all these documents ready on the first visit, they can actually submit your loan while you are sitting in the bank instead of you having to go back to your studio to gather all the paperwork first. Also, you don’t have to take copies of everything for each bank. They’ll make copies of the above documents for you and give your originals back to you.

Good luck out there! The waters are rough right now but if you stay focused, you will find success in your video production business.

Information Products Business – Why Selling Short Reports Should Be the Focus of Your Business

One of the biggest hurdles people face when trying to start their information products business is creating their own information products to sell. The prospect of writing a 90 page ebooks can be really intimidating when you are not an expert in a topic. There is a simple way to get over this fear that very few marketers are taking advantage of, which is a shame. That way is creating short reports. In this article I’ll introduce you to some of the benefits of using short reports as a basis for your information marketing business.

1.You can write a short report in a few hours. This means that slaving over a product for weeks at a time won’t be an issue anymore. How long would it take you to write 7-20 pages? If you have a clear niche and outline to start with, you can easily do it in a few hours or less.

2. The low price point means higher conversions. You can sell a 10 page report for $7 pretty easily. The price is so low that you don’t need a fancy sales letter, and you will have higher conversions because there is such a low bar to entry. Many people will buy these products on impulse because it is such a low financial commitment.

3. The supply of topics is endless. You can break down a large topic into many smaller topics to use as the basis for short reports in your information products business. For example, look in a non fiction book and notice the chapters. Each chapter can be a short report. So you can easily make 20 products out of one book! Similarly, look at a sales letters and notice the bullet points. Each one of those can be a short report. Now, think of all of the books and sales letters our there, not to mention various other sources for topics such as magazines. The topic can be very specific since the product is so short, and this results in expanding the number of potential ideas for products far beyond what you’d have for a more substantial product.

4. When other marketers are having success with their product, you can profit from their success by producing a complementary report on a similar topic. If a market has a successful product on link building techniques for example, you can product a short report on actual places where you can get high PR links. Use your imagination and piggyback on the success of others.

5. You can maximize the lifetime value of a customer. If you give your reports a theme, you can position them so that customers feel compelled to buy each report in your series. So you can have a 5 Minute Guide to Traffic, and a 5 Minute Guide to Product Creation, and a 5 Minute Guide to List Building, for example. In order to not feel as if they are missing part of the series, many customers will automatically buy all of the products in the series. This is a sure fire way to get tons of repeat sales for your information products business.