Business

The Internet Home Business Success Rate Is Only 5%. How Can You Improve The Odds

Did you know that only 1 out of every 20 internet home business seekers fail? I knew that it was bad, but I had no idea that 95% of the millions of people who attempt to make money online never succeed. It is too bad, creating home business income is an incredibly life changing thing to do. A home business can create multiple streams of income for you, passive income that can allow you to become financially free and even develop lasting wealth. But you need to succeed in order too enjoy all the benefits, and so you will want to do things differently than the masses of individuals who never make it very far. Improving the odds for your own home internet home business success is quite possible, there are just a few things that you need to know before getting started.

For starters, you need to be sure that you really want to pursue a home business. There are far too many individuals who for some reason think that the internet is a path to instant riches. While you can grow rich online, as millions have done, and while it is quicker than traditional business ventures, creating a successful and profitable business from home takes time, effort, and consistent work. People who are looking for a way to get rich without working are much more likely to quit when things do not flourish instantly. Success in any areas of life takes time and effort, and working form home is no different. So before you even get started, make sure that you are ready to invest time and energy into your new business.

Another common pitfall of internet business seekers is choosing unreliable opportunities that are either scams or that will not last very long. Most internet business programs fail within their first year, which can be very frustrating for those who invested months of time into them. I have successfully earned money from several internet income programs, all of which have been around for several years or more. Often the people who fall for scams or unreliable programs are those same people who think the internet is a place to get rich without work. Scammers prey on these types of individuals. They create hyped up ads that usually have no real substance, and they make ridiculous promises. People who do not look at the internet as a place to build a real home business and just want to get rich without work are more likely to fall for these novelty “opportunities.”

Simply by realizing that it takes time and effort to create a profitable income online, and taking the time to research possible opportunities to choose the best to work with, you will be improving your odds for success in the home business arena. If you find a reliable program, commit to investing time each day into it, and never give up, you will succeed as a home business owner. If there is one other piece of advice that I can offer that will give you a huge advantage, it is to invest in your knowledge of marketing online. Internet marketing is a crucial component to making money online, and those who can market the best earn the most. There are many books on internet marketing, and by reading a few of them you will be giving yourself the tools of online home business success.

Buy Social Media Followers Make You Small Business Popular

Buying fans and followers in the social networking sites is indeed a very good option for expanding and supporting the business. The idea is new but highly effective. You need to make sure that you reap most of the benefits of these new ideas. This concept of Buy Social Media Followers or fans is to make sure that your page and your account becomes famous and gets optimized. Moreover, you can use your social networking sites for advertising your product or your service and make sure that your business prospers. Along with that the pages with more fans and followers are bound to attract more people ensuring better website traffic.

How It Works?

If you are interested to Buy Social Media Likes then you need to know about the procedure. First of all you have to create an account into these social networking sites. After creating the account you have to make sure that you add enough friend and followers to make your account visible. After doing that you can use tour account to advertise your product or service. This way you are advertising your business without making significant expenditure for business promotions. However, the process must be seamless as well as accurate otherwise desired results would not come. If you do not have enough fans and followers you can buy them. For example, buy YouTube Viewers to make your business profile in YouTube highly successful.

Benefits of Buying Followers

Buying social media followers is always beneficial as that makes your business successful over the virtual platform. If you are a small business, it is obvious that you cannot compete with giant fishes in terms of advertising investments or expenditure. However, social media platform is for everyone there is no discrimination. With minimal investments, you can still manage to compete with established brand names at virtual platform. This is why social media is becoming famous these days.

Earning Money from Home

If you are a freelancer or if you are looking for a part time income, social media platforms gives you the opportunity to Earn Money from Home. Being a freelancer, you can work as per your schedule or timings. You even do not need to do it regularly, though more time investment will fetch more money for sure. You can Get Paid For Likes from business merchants, as more likes or followers will draw more potential customers or clients for the businesses. The method is simple though chance for huge income is certainly available.

Business Etiquette In Russia

Doing business in Russia can be a whole new experience even for a professional exporter who has done dozens of foreign deals before. Russia is where West meets East and it’s a place which was cut off from the rest of the trading world for decades, from the non-socialist part of it anyway.

So what do you expect when you have your first business meeting with a Russian partner?

Well, the first meeting is the first test of your professionalism, credibility and expertise. Make sure you have the other side of your business card translated into Russian, so your title shows the position you hold within your company. Come to the scheduled meeting on time. Although punctuality may not be a strong point of your Russian partner, you simply cannot offend them by turning up late.

Good speaking skills and a well-prepared presentation are important. Although some Russian business people speak English, it’s always best not to take chances and hire a professional Russian interpreter as well as get any documents you are going to discuss translated into Russian. Apart from helping you both with any communication problems, it also shows flexibility and willingness on your part to go that extra mile.

Negotiations can be tough. Russians don’t give concessions easily and expect the other part to make allowances first. You do not need to give in immediately as, like everywhere else, it’s a two-way process and you just have to go with the flow a bit. Russians rely on their intuition a lot. Sometimes they go with their fifth sense rather than be influenced by a fancy presentation. But there is no such thing as instant decisions, of course. Building up a working relationship can be a long process.

Any meeting may well end up with an invitation for a drink or a meal. Turning it down would be very rude. If you for some reason can’t drink at all, it would be good to give a credible reason, health problems, for instance. Invitations to dachas (summer houses) or banyas (bath houses) normally happen at an advanced stage of a business relationship and are a sign of trust and good friendship.

On a more general note, Russia is all about the people you know and who knows you. It’s vital to have good contacts as they can take you so far and remove a lot of barriers on the way. It’s beneficial to have contacts up the chain as they can put you in touch with a decision-maker you need to talk to, avoiding unnecessary talks to lots of people who are not authorised to make those decisions you are after.

Respect Russia and all Russian and it will pay back.

eMaharashtra 2013 Interview – Venkatesh Ramarao, Head, State Government Business, Wipro

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Elets – A platform for disseminating creative ideas on ICT

Elets Technomedia is a technology media and research company that focuses on ICT in government, education, healthcare, agriculture and rural development sectors. Our mandate is to provide effective information on latest development in different ICT tools, techniques and their applications across our verticals through premier print publications, online portals and premier events, seminars, conferences and summits. Elets has created a name for itself as a technology media and research vendor of choice.

Strategies

To strengthen and facilitate knowledge sharing platforms engaging with partners across the globe through International conferences to provide cross-cultural grounding to stakeholders and participants To provide stakeholders with a platform to share models of best practice, knowledge and experience on a range of issues in the domain of ICT in Governance, Education, Health, security, Urban and Rural Development To mobilise the communities towards creating a digitally informed knowledge society based on shared understanding

Elets Focus Areas

Elets provides an unmatched versatility for working with multiple partners and consultants to mutually share knowledge. With a vision to provide effective information on latest development in different ICT tools, techniques and their applications across various verticals with focused reference to governance, education and health, we

a) bring niche monthly publications;

b) provide knowledge exchange fora and

c) conduct research projects, primarily through Events & Conferences.

Shedding Light on Menu Engineering’ in Terms of Growing a Business

Menu engineering is an interdisciplinary approach in the deliberate and strategic construction of menus.

Sometimes called -Menu Psychology’, the term menu engineering is generally adopted as a standard Best Practice within the Hospitality and Restaurant Industries. The objective with menu engineering is to maximize a concept’s profitability by leading the customer to certain purchases, and avoiding others, in addition to -engineering’ recipes to maximize profits at the product and category level.

Menu Engineering is comprises of five key areas

Psychology (perception, attention, emotion/effect)

Recipe construction and the best balance between quality and cost

Managerial Accounting (contribution margin and unit cost analysis)

Marketing & Strategy (pricing, promotion)

Graphic Design (layout, typography)

Psychology of menu engineering

Visual perception is inextricably linked to how customers read a menu. By strategically arranging menu items and categories within the pages of the menu, operators can promote high profit dishes while allowing less profitable dishes to be understated. This strategy enhances the sales mix, profitability, and thus represents a key element in the business strategy.

Managerial accounting

The primary goal of menu engineering is to encourage purchase of targeted items, generally the most profitable items, and to discourage purchase of the least profitable items. With this in mind, restaurants should first calculate the true cost of each menu item, (including condiments and non menu foods such as salt, pepper, oil, etc.) therefore extending to all items listed on the menu, and reflecting all costs incurred to produce and serve [each item]. Optimally item costs should include: food cost (including wasted product and product loss), incremental labor (e.g., cost in on site production, dessert production, or additional preparation), condiments and packaging. Only incremental costs and efforts should be included in the item cost, as there will be a static labor requirement in all cases.

After an item’s cost and price have been determined (see pricing in the Marketing section), evaluation of an item’s profitability is based on the item’s Contribution Margin. The contribution margin is calculated as the menu price minus the cost. Menu engineering then focuses on maximizing the contribution margin of each guest’s order. Recipe costing should be updated (at least the ingredient cost portion) whenever the menu is reprinted or whenever items are re-engineered. Some simplified calculations of contribution margin include only food costs.

Marketing (price & promotion)

By using guest demand (also called the menu mix) and gross profit margins, the relative performance of each menu item is determined, and assigned one of the following terms (based on the BCG Matrix):

Stars

Stars are extremely popular and have a high contribution margin. Ideally Stars should be your flagship or signature menu item.

Plow Horse

Plow Horses are high in popularity, but low in contribution margin. Plow horse menu items sell well, but don’t significantly increase revenue.

Puzzles

Puzzles are generally low in popularity and higher contributions. Puzzle dishes are very difficult to sell, but have a high profit margin.

Dogs

Dogs are low in popularity and low in contribution margin. Basically, they are difficult to sell and when sold they are not particularly profitable.

In general, items within a relevant comparable set (for example, entrees, or chicken entrees) should be priced to have similar contribution margins – this way, the restaurant would make the same amount of money, no matter what item the guest chooses to order.

Additional considerations

While the practice of menu engineering has been around now for about 30 years, and focuses on the combined menu sales mix and item profit, additional factors can come into play in an effort to enhance profitability through careful menu analysis. A primary area to evaluate is purchasing, as poorly executed purchasing can often lead to substantial over payments – for example; buying from a large distributor, while providing ease of purchase and convenience, can add up to 50% more on certain ingredient costs thus making a substantial increase in overall food cost, (not to mention the elevated carbon footprint). By using local and specialist purveyors, restaurants can often reduce their ingredient cost and enhance quality.

The Next Idea demonstrated this exact point when engaged to review the menu of a themed restaurant brand. Through its discovery stage, it became apparent that, in an age where the consumer was becoming increasingly aware of product quality and value, this client was failing on both accounts, as the menu was essentially provided by a national US Distributor, and ingredients were purchased frozen and simply re-heated on site, resulting in a lack of differentiation, high menu prices and mediocre customer satisfaction. TNI challenged the food production and supply chain process (which was typical for the industry). Our proposal was to produce food from scratch, within the kitchens, which we had concluded, would enhance quality and substantially reduce costs. After considerable analysis and trials, we were given the approval to implement this new operational approach across the portfolio. The result was a 12% higher customer satisfaction rating, 2% reduction in labor cost, and massive 4% reduction in food cost.

In summary: Menu engineering has been employed by food service professional industry for many years now, and operators generally possess a sophistication level where work in this area is both very helpful and critical to support a profitable business. It is important to note that, like all other management strategies, menu engineering is not something that can simply be purchased. Success depends on the right mix of products and services, and of course the necessary expertise. In the end, a well-implemented menu engineering program will represent a significant tactic to elevate food and beverage profitability.

About The Author

The author is associated with The Next Idea. The Next Idea provides all cafe interior design, cafe logo, photography, restaurant Interior design, menu engineering, etc. Our restaurant design capabilities include: exterior restaurant marketing display design and manufacturing, restaurant marketing display design, and restaurant decor theme creation.

Risks And Challenges Involved In International Business

International businesses have to face risks and challenges at many fronts. Some are similar to the risks and challenges a domestic business confronts and some are unique. Even the challenges that are similar by definition differ in nature. For example both types of businesses have to face financial challenges, but an international business will be facing many factors related to global financial markets that don’t affect domestic businesses as much. They are more of a challenge in nature than risks and most of them can be handled through proper planning. Keep reading to understand these challenges better.

The challenge of international planning & strategy:
The first challenge for an international enterprise is to make a global strategy and then implement it. The managers and those at decision-making positions often find it difficult to change their thought pattern, which is not used to work in global paradigm. There are many international businesses but just some of them have truly adopted a proper global strategy. Though the situation is improving with more and more trained graduates and professionals taking on the management roles. Nevertheless, international business management requires extra ordinary management, foreseeing and leadership skills.

Financial and economic challenges:
It starts from arranging the funds to start international business and includes everything such as fluctuation in exchange rate, global economic crisis (or some economic crises in the host country), shift in oil prices, global inflation or tariff barriers imposed by the host government, also the export related policies of your own government.

International Politics:
Political know-how is a must for everybody but it becomes all so important when operating at international level. If some policies were suitable for your business, a change in ruling party can bring drastic changes in those policies. Political chaos will bring down the economy and with that your business. To prevent your business from such negative impacts, you need to make sound political judgments.

Environment, natural disasters and warfare:
Many multinational businesses have to face serious opposition by some environment friendly organizations. Citizens are more concerned about air and water pollution these days as it is becoming a serious threat to their health. Some natural disaster like floods and earthquake, or some kind of civil war breaking out in the host country is also in the list of possible challenges. A new challenge that an international business has to bear now days in some specific countries is the threat of terrorism.

Successful Business Name Generator

So you have finally decided to go into business line and release your personal business from the scratch. While you may have your business line concept, it is not ignorable that opting the good name for your business will be one of the most tough jobs on hand. After all, you got to be certain that the business name that you opt for your business is familiar and most importantly appealing. An appealing business name will put you apart from the competition so it is must to have a knowledge of business name dynamics and this includes the knowledge of the whole psyche behind what will appeal your prospective customers.
It is very much desired to try and uncover business names that would be a best fit and work and this has brought a boost in the demand of business operators using a business name generator. A business name generator asks you to have them the information of business indicators, then you may stay back, and have a look at the names that are created by the business name generator. The business name generator gives you a number of business names and lets you analyze each one closely just to observe which one is going to be the most appealing for your company.
As the competition in the business market is increasing day by day, it has really become very important to make sure that your company name stands out from all the other companies. The company name generator assists you in this by providing you plenty of company names. It’s really a very tough task to come up with a best company name, but no worries, a company name generator simplifies the process and saves you the time to focus only on selecting the name that would be a best fit for your company.
Company name generators is not a new thing it has always been around, yes they have come into the lime light again as most of the companies these days are putting their best to make sure their company has appealing name. Many would still scratching their heads to come up with a company name. Creative business operators have proved that the company name generator is the most important thing in the establishment of a company name that is clear, accurate and most necessarily synonymous to their unique company requirements. with the help of company name generator, you put the guesswork out of what you possibly name a potential company.
Selecting a company name is the most necessary step in your company start up. A company name that is not so appealing would just not get you the customers you would have liked and your competitor would certainly be very happy about it. This is where company name generators come in to the picture, they would get you relevant and the attractive company name that would surely attract customers to your company. Business name generator have you the list of the names you can select from and won’t select themselves, you need to choose the one that you feel is best for your company. Company name generators are truly the best, so don’t let you company fail with the name that is not appealing.

Whats The Business Value Of Soa Show It With Kpis

Whats the Business Value of SOA? Show It with KPIs

If youre in IT, youre being asked to add more business value than ever. In fact, todays CIOs are being asked to become drivers of the business while at the same time many are trying to replace old and inflexible infrastructures with modern and flexible ones, according to InformationWeeks Analytics 2009 Global CIO Survey. This report adds that across the globe CIOs are fighting the stubborn perception that IT in generaland CIOs and their teams in particularare cost centers rather than creators of value and accelerators of innovation. Does this sound familiar? Whether you already have an SOA in placeor youre just getting started with SOAit is essential to prove business benefits.

Today, measuring cost and revenue impact as well as other SOA metrics is vital to any leading organization. Measuring the value and tracking changes to these metrics are critical as your SOA grows and its portfolio expands. Recent surveys from Forrester Research show organizations are increasingly implementing SOA as a business enabler. Furthermore, recent Gartner research concluded that:

More than 60% of organizations said their SOA projects had a positive impact on their organizations ability to grow revenue; and

SOA projects generated positive returnstypically within 10 months
A proven way to demonstrate an SOAs business value is through Key Performance Indicators (KPIs). KPIs use a language your business colleagues understand: metrics. They give you the means to measure a return on your SOA investment and directly link SOA projects to real business improvements:

What KPIs you can use to start measuring SOA results

How leading organizationsAvnet, Coca-Cola Enterprises and France Telecommeasure how SOA contributes to business success

How Software AG can help you analyze and deliver on your SOA-based KPIs

Software AG, provides a complete solution for SOA Governance, CentraSite, that enables customers to manage their IT assets and measure their business value.

If youre looking for an introduction to SOA, please read our book, SOA Adoption for Dummies.

Flush With Cash Open A Profitable Business Philippines Venture Today

For a lot of foreigners, retirement does not mean not doing anything. You can find individuals that open a profitable business Philippines venture in order to keep busy and make money as well. Most of them come into the region flush with cash from having retired and so are aiming to build a new start in a country where the living costs is a lot more affordable. That is why you will notice plenty of small startups all over the country that are owned by foreigners. If it is your first time to work within the Philippines and want to prevent the stress of dealing with day-to-day operations, landlords, employees, inventory, as well as other such matters, allow me to share several opportunities that might be definitely worth your while.

One great place get started on if you want to open a company Philippines venture is to buy fixer-upper properties, renovate them and then sell them off. You’ll find numerous properties that are in a condition of disrepair and in case you’ve got experience in building homes and doing repair work, you will see that this is one opportunity where you could generate a nice profit. It might be advisable though, to get your own licensed Philippine broker in order to navigate the market as to what properties are worth renovating and selling.

The next thing listed where you can do good business within the Philippines is to build an apartelle. This is something that is uniquely Filipino and can be found all all over the country. An apartelle happens to be an apartment building where all but one of the units is rented out long term. Operating one of these can be done on a nightly or weekly basis, similar to a normal hotel, hence the combined name. Getting yourself into this will require heavy capital investment on your behalf, but with the right property together with a focus on rural areas and smaller cities, you can construct a small 4 unit building for about 3 million Philippine pesos, excluding the price of the land.

The third item that is also worth mentioning is farming. Considering the halt on the Agrarian Land Reform program (CARP), the private sector could have renewed confidence to invest in agricultural production once again. For the longest time, CARP has held back purchase of both production capacity along with farm acquisition. Now that it’s ended, land prices will go straight back to being valued for their own higher income producing potential.

For individuals who want to open a profitable business Philippines venture that is passive yet will yield a fantastic ROI, right here is the one. Farming has long been structured via the developers (all foreigners) to be an actual one turnkey investment price, which includes the buying price of the land, in addition to the clearing, planting, cultivating, and harvesting for the first few years. It has a price that’s intended to fit the capital investment budget associated with an average foreign retiree, and all landowners are going to be members of the co-op that can share in the usage of farming equipment. Farming operations will likely be handled by the developer’s management team.

Business within the Philippines is one thing that you should consider, especially if you really are a foreigner with a nice retirement fund. There are lots of opportunities around, however these three are some of the ones which could help you to get started.

Strategies for Generating Leads for Your myDoterra Business

Doterra Essential Oils is a multi level marketing company that focuses on certified pure therapeutic grade (CPTG) essential oils. They are the only company that offers CPTG oils. The CEO of Doterra is David Stirling. Before founding Doterra in 2008, David Stirling was one of the founding individuals of Young Living Essential Oils. While at Young Living, David desired to develop a higher quality essential oil, so he started Doterra. At Doterra, they extract their essential oils from plants all over the world. They assume that the place that the plant is grown, has a major impact on the quality of essential oil it produces. Today, there is much debate on who creates the finest essential oils between Doterra and Young Living. They both cost around the same amount of money and users of both have seen tremendous advantages from utilizing the products. This article is not a comparison of Doterra and Young Living however, it’s to share with Doterra independent product consultants (IPC’s) a better way to have success selling Doterra oils.

97% of Doterra IPC’s are not able to turn their Doterra business into steady income. This may be due to what they cannot find inside their myDoterra back office. To be a Doterra IPC you must either buy an Oils intro kit or a basic starter kit for $35. This provides the person rights to distribute Doterra oils as well as access to their myDoterra online back office. There isn’t any real marketing strategy for the Doterra reps to follow however. They are told to share the oils with everyone they’ve known and meet. This may work in the early stages, but what happens once they exhaust their list of people to speak with? If they can not discover how to generate more leads, chances are they’ll will certainly fail.

There’s a simple solution to this problem. It is recognized as Attraction Marketing and it has taken the market by storm. Attraction marketing is when the IPC’s brand themselves as leaders or industry experts. They do this by getting started with an Attraction marketing system. Once inside the system they receive expert training on lead generation. They can then utilize the training to teach other struggling home business owners the best way to generate leads. This works because the primary cause of failure in multi-level marketing is lead shortage. There are lots of people researching ways to generate leads. This permits the IPC to market to people people and grow a list of qualified people wanting to learn from them. If these people start to see the IPC as an expert, they will wish to work with them and might join them in Doterra. This strategy is proven to increase the amount of people one can possibly sponsor into their Doterra business. Learn More About myDoterra Now!