Why Are Online Businesses Booming?
Without doubt the internet has changed the way that we live our lives. This has been particularly apparent with recent sales figures for many retailers including Next showing a slump in high street shop sales and a growth within online shopping sales proving that the internet is now the preferred method of shopping for many of us. Sadly this has resulted in the closure of many high street stores, especially electrical retailers, as they battle stiff competition from online retailers.During the past ten years the growth of the internet has resulted in many individual success stories and has also strengthened sales for many established businesses as they also use websites to generate extra revenue. Experts predict that by 2020 90% of transactions will take place online or will be influenced by the internet.With this in mind there has never been a better time to start an internet online business. Statistics show that the demand and audience is huge so what better way to capitalise on this demand than by starting an online business.Internet businesses involve less risk, cost and effort and most can be started straight away. To create a successful home online business you will need to take the following into consideration:Look For A Product That Doesn’t Have A Market LeaderIf you want to become a successful entrepreneur you will need to find a niche that is quite unique without massive competition. One such example was a lady who found a gap in the market for providing baby products and accessories in your own home. She thought of the idea after having a baby of her own. She has now formed a very successful business providing this service.Having a passion for what you are selling is also crucial to your success. This was the case for twelve year old Louis Barnett who created a successful confectionary company selling chocolates to top retailers. He left school with severe dyslexia and dyspraxia but his desire to be able to spell the word chocolate inspired him to set up his own company selling chocolate. He scored the highest score ever for his pitch with one retailer which even at twelve years old was full of passion fuelled by his belief in his product.Write Up A Good Business Plan To Get Funding For Your BusinessPresenting a good business plan will help you to get the necessary funds to start your on line business. Make sure that you ask for adequate funds at the beginning to ensure the success of your business. Asking for too little funds is a mistake often made but will only result in your business struggling in the short term.Register Your CompanyIf you anticipate that your sales will exceed the current threshold of £73k you will need to register your company for VAT.On line traders also need to ensure that they comply with data protection legislation when storing information on customers.Create A Good WebsiteWith any internet business it is crucial to create a powerful website to attract customers to your business. Your website acts as a shop window for your business and will determine how successful your business will become.Whilst it is cheaper to install your own website it is better, if financially possible, to outsource this task as this can be the difference between making sales or not.You will need to ensure that your website is appealing as people will buy if they like what they see. Make sure that the website is easy to navigate especially on the ordering page as people will tend to leave if the sales process is too difficult.Test your website with potential customers, friends and family before launching your website to make sure that it has the necessary appeal.Marketing Your BusinessFor an online business, marketing is vital to its success. Effective marketing will ensure that people are drawn to your website over your competitors.There are several ways in which you can market your online business. You can advertise organically by writing articles or blogs or you can pay for advertising using Google ad words or by paying for SEO. The type of advertising you choose will be largely governed by the type of online business that you have and by the budget that you have available.Offline advertising such as direct mail can also be very effective in promoting your online business and increasing sales.Don’t Give Up Your Day JobDon’t make the mistake of giving up your day job too soon. Most online businesses only require you to work part time from home to begin with allowing you to work around your current employment and still enjoying the security of earning income while your business gets off the ground.All in all your internet business will thrive provided that you offer people what they want to buy at a price that they can afford and that you make them aware that you have what they need.With the ever growing popularity of the internet there has never been a better time to start an internet business. There are many online business ideas, all you need to do is carry out some research to find the best online business for you.
5Linx and ACN – Who Wins in the 5Linx Vs ACN Telecommunications Battle?
The Battle of Telecommunications – 5Linx Vs. ACNAfter recent review of the two telecommunications giants in the MLM industry, it seems like there are some serious similarities between the two. So what’s the real difference between 5Linx and ACN? And how can network marketers choose which to invest in?What’s the better opportunity?ACNACN came first. It was started by 4 entrepreneurs in 1993, with headquarters in Concord, North Carolina. Since inception, it’s grown to 23 countries, on 4 continents.ACN has a close relationship with Donald Trump, who endorses their products and chose to recently feature their video phone on his show, Celebrity Apprentice. The boost in media attention has helped the company grow both in customer base and independent representatives. Just last year, ACN was on the Direct Selling Global’s list of top 100 direct selling companies. It seems that things are looking up for ACN and its four core founders (who still work for the company).The products they offer range from mobile phone services, high speed internet, satellite TV, home security, VoIP services, and even energy.5LinxThe story of 5Linx follows a similar, but more recent, path. Two of its three founders were actually in business with a man named Andre Maronian at ACN. They decided that they wanted to form another telecommunications company, and sold their shares to Maronian. They eventually built a huge network and became Inc. 500′s fastest growing company for four consecutive years in the late 2000′s. Product offerings are nearly identical to ACN’s: mobile phone services, high speed internet, satellite TV, home security, VoIP services, and, yes, even energy.A Booming IndustryAfter the recent deregulation of the energy industry, it’s going to become a bigger and bigger part of both companies businesses. Right now, ACN is leading by offering more energy services in more states. With only 4 states available at the moment (but more coming in 2011), 5Linx proves to be a competitor in the game.The two companies are giants in the industry, and both are well-respected for the services they provide to small businesses and individuals. But who really comes out on top?Which Opportunity is More Lucrative?A leg up may go to ACN, for its recent boost in PR and feature alongside Trump on a highly rated NBC reality show. But, 5Linx isn’t far behind with its own marketing techniques (including a company magazine available to the public.)The truth is that both are viable options for network marketers. But in order to succeed in either, it’s imperative for network marketers to learn the tools of dominating cold markets, setting up credible web presences, and adding reps into their downlines. Both could be great opportunities for the right person – the person who is willing to learn in order to create a great business.
The Best Free Online Personal Finance Tools
Proper financial management – most coveted by millions and millions of consumers all over the globe. Faced with this tough economy, it is harder than ever to handle your finances well. But the great news is that establishing a solid financial plan for your future has become more affordable and attainable. There are a lot of online personal finance tools that are offered to individuals for free to help them manage their finances better. These are effective instruments to become financially stable while saving yourself from getting into debt trouble.In today’s modern time, tracking every single detail is quite hard and even more difficult when money is the issue. Thus, getting help from online personal finance tools sounds very beneficial. In addition, these tools come free and very handy. Calculating your cash inflow and outflow can be easily done in the comfort of your home facing the computer.Personal finance is a method of following your finances in a more streamlined manner. Since listing down on a paper every detail of your expenditures does not function well any longer, a personal finance device found online gives a far bigger and better assistance.The following are some of the best online personal finance tools from budgeting to checking one’s credit score that are offered to individuals for free:For Money Budgeting1.) Mint.com·Mint.com is one of the most popular and well-loved free online personal finance tools by the people. With over 8,000 financial company connections worldwide, this online means offers a wide variety of understandable and easy to use tools.·Once you have registered an account, you get 100% access of your whole finances such as your credit cards, grocery bills, loans and other personal expenses.·It offers a very detailed tracking program about everything that goes on with your finances from – the things you spend your money on, how much monthly savings you have as well as your investment’s performance.·Automatic alerts are also given to you through a text message or an e-mail especially when you are on the brink of reaching your card’s credit limit or if you have too little money deposited in your bank account.·In addition to these services, this online tool can also show you budgeting charts and spread sheets that teaches you how to budget in every expense category.2.) Wesabe·Wesabe.com is a website that provides strong financial management instruments while at the same time having that social networking appeal since it offers an active forum for clients who seek support and give encouragement to each other in order to reach their respective monetary goals.·Since it is more hands-on website as compared to Mint, you have the choice of putting your bank or credit card statements on your own. Since this is not done automatically, you safeguard your identity as well as important details such as your account numbers and passwords better.For Financial Planning3.) Buxfer·A more basic and less updated free online personal finance tool found in the web, it is best for people who are looking for fuss-free financial planning instruments.·However, what makes it stand out among other online financial planning device is its user-friendly interface. Buxfer is equipped with a step-by-step how to guide, easy to understand instructions as well as fast account set up.For Investment Tracking4.) Social Picks·SocialPicks.com is a business based online company that focuses more on tracking a person’s investments. It provides an independent service wherein you can easily gain access of your asset’s performance while at the same time allowing you to make comparisons with other investors. Financial advice is also provided to help you market your investment better.For Credit Score Checking5.) CreditKarma.com·Functions just like your credit score bureau company, this website offers you an updated status of your credit score. Also, advice is given on how you can improve your rating as well as tips on how you can repair a rating with glitches.·The only main difference is that you need not give out your credit card details. All you have to type in is your name, address and SSS (Social Security Number).Online personal finance tools are great devices in keeping yourself up to date with your finances current status while at the same time giving you help to make financial planning more effective without the scare of getting scammed.