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You are here: Home / Archives for 2019

Archives for 2019

Drop Shipping Made Simple – Online Businesses

November 15, 2019 by Asif Nazeer Leave a Comment

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Image by Mudassar Iqbal from Pixabay 

SaleSource is an AI-powered, ecommerce marketing tool that helps online businesses grow faster. At its core, SaleSource provides business owners with the ability to analyze products, evaluate market trends, and keep a close eye on competitors. These things are crucial in finding hot, trending products.

Drop Shipping Will Help You Start Your Own Business

In recent years drop shipping has become a popular way of earning income from the comfort of your own home.

For example, let’s say you’ve been thinking about opening up your own online business, but you don’t know where to start. You don’t know what you should sell and you don’t have much money to invest into products. Plus, when you look around, you don’t have room for inventory.

That’s where drop shipping comes in. With drop shipping you can sell products online without their ever spending time in your garage. All you need is a computer, an online store, and a basic understanding of how to market and sell online.

How Does Drop Shipping Work?

Here’s how it works, in a nutshell. First, you find what you want to sell from a supplier. Then list that product on your website at a price you set.

Next, when someone places an order for that product, they pay you the retail price you’ve set. At this point, you’ll place the order with your supplier. They sell you the item at wholesale price.

Now, here comes the best part: you now have that item shipped directly to your customer.

Here’s an example. Let’s say you found a watch on a supplier’s website for $10. You would then list it on your own website for $30. When the order comes through your website, you then place your order with your supplier. You give the supplier your customer’s information so they can ship the product for you directly to your customer.

Finally, you keeping the $20 profit you just made. That’s pretty much it.

Here’s How SaleSource Fits In

Now, you might be wondering why somebody wouldn’t just order the watch directly from your supplier’s website?

Well, there are a few interesting phenomena at play here. For one thing, the Internet is vast. For another, most consumers have no idea which supplier to turn to when they want to buy something. Most are in a hurry, so they don’t take the time to find out which suppliers are best suppliers to meet their needs.

Then again, when people buy things online, they’re not just buying into products. They’re buying into the marketing, brand, trust, and lifestyle these products represent.

With drop shipping, you can focus on marketing your products. That is, you can practice saying the right things at the right time and providing real value to the right people. You’re free do these things because you’re not warehousing your inventory. Nor are you having to deal with most of the other challenges that come with running an ecommerce business.

However, one of the most important aspects of this business model is to actually find good quality products to sell. That’s where product tools like SaleSource come in really handy.

Learn More from This SaleSource Review

SaleSource is an AI-powered ecommerce marketing tool that helps online businesses grow faster. At its core, SaleSource provides business owners with the ability to analyze products, evaluate market trends, and keep a close eye on competitors. These things are crucial in finding hot, trending products.

SaleSource is made up of four different elements. These are the product analyzer, the store analyzer, the marketing center, and the sales center. These elements allow users to:

  • Find long-term best-selling products
  • Identify the cheapest and most reliable long-term suppliers
  • Identify viral products
  • Make easy and convenient price comparisons across the board
  • Identify and keep a close eye on competitors
  • Make sure products aren’t saturated
  • Get better at marketing with compelling product descriptions and high-converting product videos

SaleSource Product Center

The SaleSource Product Center will give you all of the most important data you’ll need to know before attempting to market a particular product. At its heart is the product analyzer. This gives you the ability to determine whether the product has potential as a lucrative item in your online store.

RELATED ARTICLE: MAKE GREAT PACKAGING DESIGN A PRIORITY

Also, it has a tool where you can either drop product images into the software, as shown here….

Upload images to SaleSource
… or you can import the Aliexpress or Shopify product link, as shown in the image below.

There is also a third way, which is to use the Chrome extension, like so:

This versatility makes SaleSource a truly useful tool that will suit almost every online seller.

After you have uploaded your products and SaleSource has completed its analysis, you’ll be able to see all of the key product data. This would include the least expensive and most reliable suppliers, as well as your competitors, product descriptions, and product videos.

Additionally, the product center contains sections that will help you to carry out targeted product research. For example, you can search for topics such as “Trending Now,” “Best Sellers By Niche,” and “Best Sellers All Time.”

All of these topics are routinely updated by the AI-powered software, which continuously scouts the Internet to find the best deals.

SaleSource Store Center

This feature allows users to perform in-depth analytics of their store’s competitors. To put it simply, the product center helps you find your competitors. Meanwhile, the store center helps you to take your best ideas and apply your own marketing and product research strategy.

Additionally, the store analyzer will provide you with information about your competitors. For example, you will learn about their estimated monthly revenue, as well as their best-selling products, their Facebook marketing campaigns, and the apps they use. Here’s an example in the image below:

You’ll also be able to view the “Top Stores” (both generally and by niche). For inspiration, use the “Store Tracker.” This way, you’ll never lose sight of your key competitors. You can also tap into the professionally curated “Store Checklist.” Every drop shipping store needs to have access to tools like these in order to be successful.

SaleSource Marketing Center

This feature will help you to market your products the right way, using product videos to capture consumers’ attention. The marketing center offers up a product video finder, for example, as well as a Facebook video ad finder and a traffic checker.

Facebook Video Ad Finder

The Facebook Video Ad Finder is particularly useful, as it is filled with a seemingly endless array of relevant product videos. In fact, there are more than 300,000 of these videos at the time this article is being published, with more on the way, all the time.

What’s more, you can use any of these videos in your own marketing campaigns. Just imagine: More than 300,000 ideas are just waiting for you to use them in your own marketing campaigns. This gives you an extraordinary opportunity to excel in the marketplace and outpace your competition.

RELATED ARTICLE: 2019 MARKETING TIPS AND TOOLS FOR ONLINE BUSINESSES

SaleSource Sale Center

When you first visit the Sale Center, you’ll see some short training videos, which are definitely worth watching. There is also an “Import From Shopify” feature. This comes in super handy for those online business owners who are using the Shopify platform (by far the most widely used platform in the drop shipping business).

Arguably the most underrated SaleSource feature is called “Factory Pricing.” Here, a dedicated team of specialists source specific items at your request. This will help you to avoid large mark-ups. (You might run into this problem otherwise, as there is no guarantee that you’re always dealing with suppliers directly.)

What About Pricing?

SaleSource pricing currently stands at $69 a month. If you review all of the SaleSource features we discuss here, you’ll have to admit what a bargain this is. In short, you’ll not only be getting what you’re paying for, but you’ll get, in fact, so much more.

SaleSource pricing

SaleSource Could Be the Answer to Your Prayers

SaleSource is a cutting-edge, ecommerce product research tool that may well be the answer to the prayers of small online business owners and drop shippers.

Of course you could manually do what each of the features of SaleSource does. However, doing that would take a staggering amount of time. To put it bluntly, SaleSource does a great job of saving business owners both time and money. Moreover, with SaleSource, you’ll no longer find yourself wasting time on products that don’t sell.

So if you’re serious about starting and running a successful online business, $69 a month is a small price to pay, because with SaleSource you’ll have much better odds at succeeding.

For more ideas about how to start and run your own online business, take a few minutes and browse our site.

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Business Lunch Meeting Tips for Success – Business for Beginners

November 12, 2019 by Asif Nazeer Leave a Comment

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Holding business lunches is essential for meeting new clients and networking. Lunch meetings allow you to meet potential clients with added intimacy. Gatherings among influencers in your industry can help you devise new strategies that will elevate your business to greater heights. Utilizing a meeting over lunch allows for generative dialogue and shared fun which enhances creative energy.

Expense is always an issue when hosting a business lunch. It is only sensible to claim back the amount you spend on food if you are self-employed. Employees of all kinds should be informed about Claiming Business lunches to learn about best practices. Still, whether or not to claim an expense impacts year-end tax deductions for employees and businesses. Consultation about appropriate expense claims may be necessary. Companies like Fusion Chartered Accountants provide access to SME focused accountants offering the right advice on this matter. 

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Once you have determined the appropriate expense practices, you will be prepared to host a meal with clients and stakeholders. Of utmost importance when holding this type of meeting is your company’s image. You must ensure that everything you do and present is in line with your company’s image. The following are tips for a successful business lunch.

Business Lunch Attire

How you dress for any kind of meeting communicates a lot about your company. Relaxed attire signals a relaxed work environment. Business formal attire communicates that working with you means working with a professional. Chances are you are aware you are attending a business lunch, so you will probably don the right attire. However, if you are uncertain, the purpose of the meeting can provide insight on the attire that is expected. What you wear has an impact on the success of selling your products or services, as well as your company values.

Business Lunch - man and woman in professional attire.
Photo by Rebrand Cities from Pexels

Be Prepared

Preparation is vital to ensuring your business lunch is successful. This is especially true if you are hosting the lunch. Familiarize yourself with the venue and their menu in advance. Doing so will guarantee your ability to answer questions among your attendees and placing your order expediently. 

Be prepared for the kind of discussion you want to have during lunch. Because a business lunch is time-limited, it is important to utilize your time well. Having an agenda or list of issues you hope to discuss will keep you on track.

Stay Self-Aware

You should be in control of your emotional presence when engaging in the discussion over lunch. Though some companies allow the consumption of alcohol at a business lunch, it may be best to avoid it. Alcohol can impair your speech and lower your self-awareness. Countless mistakes can be made when you are not in full control of your thoughts and actions. Also, the people you are meeting may have different views about alcohol, and your use of alcohol during a business meeting may negatively influence them about you or your company. 

Business Lunch Manners & Etiquette

How you order your meal at a business lunch can also impact the image your guests have of you and your company. Treat waitstaff politely, speak clearly, and be patient. Consider allowing your guests to place their order first. If you are not ordering the same meal as them, then look for something that is of comparable size to what they have ordered. Choose a less expensive meal if you are not the one paying the bill.

Proper eating etiquette is also essential during such meetings. You should display high levels of hygiene when having your meals. Eat at a reasonable pace so as to not risk making a mess. Order meals that are easy to consume and allow you to avoid spills and drops on your clothing. 

When you follow these tips, you are sure to have a successful business lunch.

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eCommerce Advantages and Disadvantages – Online Businesses

November 12, 2019 by Asif Nazeer Leave a Comment

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Featured image from Campaign Creators on Upsplash

The invention of fast Internet connectivity and robust online tools has resulted in a new commerce arena: eCommerce.

eCommerce is such a powerful tool that growing your business worldwide is no longer a dream in today’s world. For example, using eCommerce, companies can expand their business to national and international markets with minimum capital investment. Almost instantly, they can easily locate more customers, suitable business partners, and best suppliers across the globe.

RELATED ARTICLE: HOW MILLENNIALS’ DEMANDS ARE RESHAPING THE INTERNET

In short, eCommerce offers many advantages to businesses and customers, but it has also caused several issues. In this article we take a look at the world of eCommerce and learn about its pros and cons.

Advantages of eCommerce

Image from Brooke Cagle on Unsplash

#1: eCommerce Offers a Faster Buying and Selling Procedure

eCommerce lets you reach customers all across the globe. Moreover, your customers can make a purchase anytime and anywhere, especially since more people are now getting used to online shopping using their smartphones. However, it’s important to stay up-to-date on the latest sales trends before starting an online business because that’s what makes you go global via implementing strategic decisions.

eCommerce
offers a faster buying and selling process. For instance, sometimes a customer
may not find a certain product in a traditional store, whereas you can buy
pretty much everything online. It’s just a matter of a few clicks.

Additionally, as an eCommerce business owner, you can sell a variety of products, and people will buy from you so long as your services are topnotch.

#2: You Can Retarget Customers Easily

Retargeting is a cookie-based technology that allows you to follow your audience across the web anonymously. You can learn what they are searching for, what they are engaging and/or interacting with, what issues they are seeking solutions for, and so on.

Retargeting can help you boost customer loyalty, and therefore, your customer retention rate. Your loyal customers are people who’ve already visited your store previously and converted. Because they are familiar with your business and have shown interest in your product or service, they are more likely to convert again.

Some of the
easiest ways to retarget a customer are:

#3: Automation in eCommerce Saves Time

eCommerce automation is software built and designed to automate your tasks or campaigns within your business. The software then executes intelligently as needed. It also enables creativity and experimentation without the usual time investment.

For example, in any business, there are hundreds of small tasks that take several minutes to execute. Individually, they might not appear to be huge time-wasters. Together, however, it’s a different case. They devour both productivity and stunt growth. eCommerce automation simplifies those tasks, drives efficiency, and lets you experiment.

For
instance, you can schedule sales for predetermined periods. Also, you can tag
high-value clients and notify consumer service to send personalized welcome
texts.

#4: You Save Money on Overhead

Your eCommerce business will save money on rent, maintenance, utilities, and other expenses associated with physical stores.

Plus, your online store can remain open 24/7 without having to hire employees to watch over the shop and protect items. Also, since you are not confined to a set amount of shelf space, there’s no limit to the number of products you can sell online. Therefore, your eCommerce store’s stock can expand rapidly. 

Keep in mind, though, that shopping these days can be done anywhere. Therefore, with more and more customers using their phones to shop online, it’s crucial that your eCommerce store offers a variety of mobile payment solutions.

#5: It’s Easy to Start and Manage Your eCommerce Business

Starting an
eCommerce business is pretty straightforward:

  • Register your business
  • Choose your store’s name
  • Get your business licenses
  • Collect your employer
    identification number (EIN)
  • Find the right vendors, and
  • Create a website

Once you’ve successfully created a website, the next step is to optimize your store for SEO. You can hire an SEO expert to fully optimize your eCommerce site. For example, you can create personalized landing pages for different customers. This can help to entice them to make a purchase without any hassle on your side.

If you don’t want to start from scratch, don’t worry. You can simply buy an online business. With a government small business loan, you can buy an existing eCommerce business. There are several different types of loans you can take. Just make sure the business you are buying fits your requirements.

Disadvantages of an eCommerce Business

Image from Clem Onojeghuo on Unsplash

#1: It’s Highly Competitive

Every step in eCommerce is highly competitive. This is because the online market is growing exponentially. You need to up your game and continue to implement new strategies to stay relevant in the market.

For example, pretty much every eCommerce business owner knows how to play with keywords to stay on top of Google’s search results. So if you’re not familiar with content marketing and using keywords, you might get in trouble.

#2: Try Before You Buy? Not a Chance

Since you’re shopping online, there’s no way you can try the product before deciding whether or not to purchase it. This could be a deal-breaker for many customers.

Online
shoppers can’t inspect items physically, and in most cases, there’s little to
no room for price negotiation. And then there are security issues.

Every eCommerce store has security issues, be it a small or large business. eCommerce websites record important information about all the customers. For example, they keep electronic records of customers’ names, contact numbers, bank details, and so on. If not kept secure, this information could be leaked, harming both the client and your brand’s reputation.

Wrapping Up

As you’ve studied our list of benefits and drawbacks of eCommerce, we believe you’ll be able to decide for yourself whether or not you should start an online business.

Buy or sell, trade, or barter—there is no limit to what you can do when it comes to eCommerce. It is not just a trend; it’s the future. As a customer, you get to choose whatever you want, in whichever color, shape, and size you like. As a business, you can target a global audience and let your customers review your service honestly.

Traditional
retail won’t perish anytime soon. It has its charms, purpose, and advantages.
At the end of the day, it all comes down to your preferred business model.

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From Click-Through to Follow-Through – Business

November 12, 2019 by Asif Nazeer Leave a Comment

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Photo by Oleg Magni from Pexels

If you work in marketing or sales, conversion rates are your proof of success. A conversion rate is a part of a sales funnel that refers to the moment a potential customer becomes a paying customer.

Of course, the type of action you want a customer or client to make varies from one company to the next. Yet, converting an interested party into a buying, investing, or engaged customer is the point of success or failure for all businesses.

The most common conversion rate actions include purchasing products (eCommerce). Additionally, companies focus on having customers join mailing lists and complete online forms. Your website’s usability, design, page speed, call to actions and quality of customer service all affect your customer’s decision to convert on your site.  

Conversion Rate - computer with shopping cart and credit card

For example, consider Refused Car Finance, a car finance provider who specializes in bad credit car finance. They receive a majority of their applications from their website. For Refused Car Finance, the main goal is to increase the number of people who apply for car finance through their online application form. This is the measure for their conversion rate. Further, everything on their website focuses on getting the potential customer to provide their information. In this way, Refused Car Finance gets customers to engage with the process for securing financing.

The conversion of potential customers is the Refused Car Finance website’s primary mission, and it should be yours, too. Consider these methods to increase your conversion rate and subsequent sales, subscriptions, and contacts.

Analyze Your Current Conversion Rate

First things first, you must know what your current conversion rate is in order to increase it. Choose your target pages on which you hope to see a potential customer become a customer. Determine where users entering and exiting your site to get a sense of what is working and what isn’t.

For instance, a tool like Google Analytics is incredibly helpful in evaluating the conversion rate of different pages. Using Google Analytics, you can set goals you want each page to reach. Additional tools such as Crazy Egg or Hotjar allow you to see a snapshot of different user journeys on your website. These give you a visual representation of user clicks, taps and scrolling behavior. Tools like this can help you interpret your user’s experience and decisions to (or not to) convert. 

Online Form Best Practice: Brevity

If your conversion rate goal relies on increasing the number of applications or online form responses you receive then closely consider the form’s structure. Forms often become a challenge for users due to timeouts and fieldsets. As a company, it’s important you get all the information you require in order to follow up, but a long form may prevent users from following through. Speed up the application or sign up process by limiting the number of fields you MUST have to engage with a potential customer. Review your form and get rid of any unnecessary fields, enable autofill and opt for checkboxes where possible. This creates a more seamless experience for users who are more likely to convert. 

You may want to review your competitors’ forms as well. When you offer similar products and services, a conversion success may depend solely on the most succinct online form!

Use testimonials and reviews

Testimonials are a great way to build trust in your brand. According to BigCommerce, 72% of people trust a product or service when others have already provided positive reviews. Therefore, conversion rate increases are helped by having testimonials on your site. Testimonials and reviews reduce the risk for the user and encourage users to convert. If you’re selling a specific product, place your reviews on the same page as the product. If a user is unsure, the positive review provides a little added peace of mind.

Utilize White Space

It can be very tempting to fill your homepage with all your products and services. However, from a user’s point of view, being bombarded by sales as soon as they click on your site can be overwhelming. Instead, utilize white space to your advantage. White space (aka negative space) is the empty space on a webpage that highlights a specific element. You should make use of white space to draw users’ attention and guide them through a specific experience with your brand. This will result in a higher conversion rate. A beautiful, accessible design helps the success of your website conversions by increasing readability, improving focus and enhancing the user experience.

RELATED CONTENT: SIX WEB DESIGN ELEMENTS THAT WILL IMPROVE YOUR CONVERSION RATES

CTAs and Conversion Rates

When a potential customer visits your website, you must meet them with a succinct and highlighted call to action. If your CTA is not in an optimum position or your wording isn’t strong enough, you may be missing out on potential conversions. Experiment with the placement of CTA buttons, colors and language. Calls to action should be specific and personal.  As a result, consider using first-person to encourage conversions, such as ‘I want to apply for car finance’. For the user, this reduces the feeling of being talked AT, rather than being spoken TO.

Guarantees for Purchase Confidence

If you’re selling a product, a money-back guarantee may be a great way to increase your conversion rate. Many retailers offer a 100% money-back guarantee if you are not completely satisfied with their product. This kind of guarantee communicates to the user that you and your employees are so confident in your product that you will support them if they are less so. Some companies are even offering double money-back guarantees to encourage conversions. Users like to know that they may get their investment returned to them if they are not satisfied. This method reduces the risk of being taken advantage of and is an easy way to build trust in your brand.

Conversion Rates and Website Speed

There is no real guideline on how fast your website should be. So, as a general rule, the faster, the better. In competitive markets where conversion rates can run low, it can be difficult to keep users on your site. Having a slow website can dramatically reduce the quality of user experience and prohibit conversions.

Chat Enabled Customer Service

A chat-enabled customer service option is a great way to improve your conversions. For Refused Car Finance, online chat is used to answer potential customer’s questions before they complete an application. Even though their website uses keyword distribution to offer customers information about bad credit, users still ask, ‘Can I get car finance with bad credit?’ Having a chat-enabled customer service allows their company to provide answers in real-time, giving that little extra push users need to become a customer.

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How to Manage It Right – Running Your Business

November 11, 2019 by Asif Nazeer Leave a Comment

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Photo by Mantas Hesthaven from Pexels

Businesses spent roughly $1.3 trillion on global business travel in 2017, with the United States ranking second for business travel spend. Moreover, one-third of all travel tourism revenue stems from business travel. Therefore, it’s clear to see that modern companies are willing to go the extra mile to help their organizations succeed.

However, managing business travel isn’t always as easy as booking a flight and hotel. There are several moving parts to consider, and the details between Point A and Point B can be pretty complex.

Some businesses enlist corporate travel management services, while others tackle their travel needs in house. Whatever the case, it’s important to understand how to streamline your travel processes. Here are a few tips on managing business travel.

Planning business travel details
Photo by Benjamin Cruz from Pexels

Talk to Your Team About Business Travel

Building a great company culture is necessary for long-term growth. One of the best ways to achieve a cohesive culture is by speaking to your team and gathering feedback.

Therefore, collect feedback on your business travel policy and the experiences your team has during their trips. This allows you to make every trip as efficient as possible. Moreover, your staff will appreciate your dedication to their involvement.

RELATED ARTICLE: 4 WAYS TO BUILD A REMARKABLY STRONG CONNECTION WITH YOUR EMPLOYEES

Sign Up for Rewards

Rewards programs aren’t limited just to individuals. Many rewards programs are geared towards businesses, too. For instance, businesses partnered with American Airlines Business Extra get reward points for each flight their employees take. Plus, the employee gets their own points, too.

Additionally, many hotels have reward programs in place, and the more you sign up for, the more you’ll save. If there’s a particular hotel or service you use often for business travel, contact them to arrange a discount on your company’s behalf.

Choose the Right Accommodations

One of the most important decisions your travel team will make is deciding on final accommodations. Of course you want your team to be comfortable, and you also want them to be productive.

With this in mind, opt for accommodations with work spaces and close proximity to meetings. For example, some hotels are designed especially with the business traveler in mind. These best of these offer expansive business lounges, boardrooms, coffee shops, and event spaces.

Create a Business Travel Policy

No matter how well-thought-out your travel rules and guidelines are, you won’t get too far without committing it to paper. A travel policy allows everyone to follow the same guidelines when it comes to business travel. Moreover, it sets the foundation for what is and isn’t permissible.

On the other hand, without a policy, you’ll find your expenses will quickly pile up. Managing receipts and paperwork will become a big hassle. So in your policy, detail the expense categories and process, as well as any spending limits. Take a look at these sample travel policies for a concrete idea on how to spearhead your own policies.

Additionally, as you build your business travel policy, it’s important to sync your management objectives. For instance, if you plan to bring several new employees on board in the coming months, take this into consideration for your overall budget. Your final business travel policy should always reflect the goals of the company.

Communicate the Guidelines

It’s important to communicate your business travel guidelines. Although the fine print is there, having a meeting will help solidify the basics and convey the importance of your policy.

“Most employees want to do the right thing, but they need to have clear travel guidelines that are posted and communicated to them,” Jeanne Liu, Vice President of Research for the Global Business Travel Association (GBTA), told Airbnb.

“Then, when you can track data that shows they are booking with preferred suppliers and so on, you are in a much stronger position to negotiate for better rates. At the same time, you may also get better value, including more perks and amenities for your travelers.”

Utilize Business Travel Planning Tools

Google calendar is great for scheduling meetings and setting reminders. However, it can’t compare with the robust features of a niche business travel planning platform. When members of your company are traveling often, it helps to take advantage of these tools. With them you can streamline travel plans and collaborate among employees.

These platforms will help you keep tabs on the who, what, and where of your staff. And they can also be a great way to organize big trips among multiple groups.

For example, with the business travel planning platform Travefy, you can quickly add confirmation and flight numbers. Plus, the system populates your itinerary with relevant gate numbers, times, directions, and other pertinent details. You can also share itineraries with other people, allowing them to view and change plans as they see fit.

Conclusion

When you streamline your business travel process, you save travelers time and stress, and you save the company money.

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Market Research made Easy – 7 Tips for Excellence – Business

November 10, 2019 by Asif Nazeer Leave a Comment

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Market research is a fundamental staple of business planning for companies of all shapes and sizes and across all industries. Most business owners realize this, but when it comes to execution, they lack direction or finesse. As a result, research is plagued with irrelevant or inaccurate information, and your marketing and advertising campaigns fail to meet expectations. 

Fortunately, there are some simple steps you can take to improve the quality of your market research.

Utilize video.

When you’re working with individuals, try to capture as much video as possible, using the video recording platform of your choice. It’s one thing to read a survey response from a participant who says they enjoy using your product. It’s another to see their face light up when they discover a certain feature or see them struggle in confusion when trying to figure out how to use it. Video can reveal truths that other tools can’t.

market research with video - an iPhone screen with multiple people being recorded on video
Photo by Min An from Pexels

Use both quantitative and qualitative data.

Many market researchers get stuck in one mode to inform their actions. Either quantitative or qualitative data takes precedence, but it is the combination of both that offers a clearer picture. Gathering numerical survey responses for the purposes of crunching those numbers algorithmically and generating graphs will reveal a certain type of data. In contrast, subjective data gathered from activities like reviewing how people respond emotionally to different questions, or how they behave when using your product reveals a different kind of results. The best course of action is to integrate both into your market research, getting the best of both worlds. 

Work with a market research expert.

It is always a good idea to work with an expert when engaging in market research. Depending on your budget and the nature of your business, this could mean working with a market research firm, hiring a full-time market research expert, or working with a consultant. 

Test under multiple conditions.

Just because a trend emerges under one set of testing conditions doesn’t mean it should lead to a universal conclusion. Try to run tests under a variety of conditions. You may seek out subjects to participate in your research in different ways. Seek feedback from different environments. Consider collecting data at different times of the day. Every variable you adjust could render significant and important information.

Look at demographics you might otherwise neglect.

Though knowing your customers is important, it is important to not get tunnel vision. Just because you strongly feel that one demographic will be key to your business doesn’t mean they’re the only demographic that matters. Consider multiple demographics, including demographics you had not previously engaged.

RELATED CONTENT: HOW TO BECOME A BUSINESS ANALYTICS EXPERT

Challenge your assumptions.

Bias can easily compromise your market research, even if you are utilizing tools to conduct research properly. One of the best things you can do to compensate for bias is to challenge your assumptions. Question your presumptions about the market you are researching. Put those presumptions to the test. Investigate ideas contrary to your perspective for insight.

Increase your market research sample size.

Generally, the bigger your sample is, the more reliable your data is going to be. If there are 10 million people in your target demographic, surveying all 10 million of them should render the perfect data set for product development. Merely surveying 5 of those people will not come close to accuracy or reliability. You’ll need to engage a significant sample set to achieve reliable results. 

Market Research Improvement Takes Time 

Your market research isn’t going to go from unreliable to accurate overnight. You will have to make gradual, iterative improvements. It’s on you to instate new protocols and invest in new modes of research until you have a system that works. Keep making adjustments as you learn new things. There will always be room for improvement.

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Marketing Content Strategy – 8 Tips for Success – Around the Web

November 9, 2019 by Asif Nazeer Leave a Comment

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Connecting with the right people at the right time takes strategy; strategy in your content and strategy to maximize your brand outreach. A marketing content strategy provides your company results across multiple platforms and in a variety of media content.

It can be easy for the planning stages of a marketing content strategy to feel overwhelming. But the effort you put in before implementation helps you clarify your goals and help ensure that your time isn’t wasted. Establishing the right balance of strong social media posts, email campaigns, blog posts, infographics, and video is complex. The pressure to continue to generate fresh and consistently great content can feel never-ending. Added to this, your budget can seem overstretched before you even get started. However, the rewards are massive for companies with an informed marketing content strategy.

With your success in mind, here are eight tips for putting together a strong marketing content strategy. Take charge of the power to deliver significant results to benefit your business.

1. Don’t Create Just for Creating’s Sake

With so many brands pushing out endless streams of content, it can be easy to fall into the trap of wanting to keep up. But if you are creating content just for the sake of it, your efforts likely won’t generate the results you want. Instead, focus on what your audience wants and needs from you and what you can truly deliver. When you identify key issues important to your clientele, you can more easily create content that will capture their attention and keep it. Understanding your customers helps you set reachable goals and create content specific to those goals. 

2. Communicate your Core Values

Your marketing content is the proverbial first impression potential customers have of your company before they decide whether to spend money with you. Therefore, it is essential that you ensure that your content clearly communicates your core values; what you care about. Your messaging must maintain a consistent voice that feels natural and authentic to your brand.

Do not fall prey to the temptation to create generic content that you believe will have mass appeal. Instead, work to create unique content in which your brand is immediately recognizable renders higher returns. Impressive results over both short and long terms come when your brand stands out from the competition.

Marketing Content - Black and white chalkboard with light bulb and idea bubbles surrounding it.

3. Demonstrate your Knowledge, Expertise, and Insights

Markets are saturated with an unlimited selection of content to inform their consumer choices. So, it is vital that your marketing content delivers value that they cannot get anywhere else. Focus on creating content that showcases your expertise. Tailor your messaging to express what you know and how you are the best choice to meet their needs. The right balance will engage your audience.

4. Practice Non-Linear Storytelling

Storytelling provides brands with the opportunity to connect with audiences on an emotional level. However, the format and length of storytelling have changed over the years. Gone are the days of every narrative featuring a clear beginning, middle, and end. Now, communicating a single story across screens and platforms takes full advantage of the adage that one picture communicates a thousand words.

A marketing content strategy employing videos, infographics, gifs, memes and blog posts to specific sections of your audience ensures that your content resonates with as wide a constituency as possible. The diversity of media only helps reach more potential customers.

5. Consider your Customer Journey

Mapping your customer journey will help you to determine precisely how, when and where to connect with your ideal audience. Consider the thoughts, emotions, and expectations that your audience will have at every touchpoint. Use this information to guide your content and deliver relevant, engaging material at the right times.

6. Consider Content Destination

There are a variety of platforms and channels available that you might want to incorporate into your marketing content strategy. Although it is important not to spread your efforts too thinly, you should be targeting potential customers on a range of platforms that you know your audience likes to use.

RELATED CONTENT: ULTIMATE HACKS FOR USING FACEBOOK’S AUDIENCE INSIGHTS

Always understand where your content will be published. This will allow you to tailor your output to each platform. Creating content that is relevant to the environment and context in which it will be published will make it far more effective and more likely to resonate with your audience.

7. Consider Evergreen Content

Many businesses begin their marketing content with either too many or too few ideas. In contrast, you must build evergreen content or content that is search-optimized and consistently relevant. Consider frequently asked customer questions or queries to help you to form a foundation of content that will continue to deliver value to your audience over time.

Start by considering broad themes your business hopes to address. From there, create a library of content that expounds on those themes. Focusing on evergreen content will help you to scale your marketing content library with pieces that can be repurposed again and again.

8. Discuss What isn’t Being Discussed

If you want to make an impact with your content, the best approach may be to target a niche that is currently being underserved by your competitors. Adopting a forward-thinking approach is an excellent way to demonstrate that you are an innovative brand with unique insight. Starting a conversation can give you more visibility than simply contributing to existing discussions. Just be sure you have support from solid research for any statements you make.

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How to Offer Consistent and Inspired Content – Uncategorized

November 8, 2019 by Asif Nazeer Leave a Comment

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Feature Photo by energepic.com from Pexels

It is not always easy to have the necessary inspiration to design, create, and implement Instagram advertising campaigns. Yet, the impact of successful Instagram campaigns is undeniable. As leaders of commerce, we must put all our effort into planning and creating the best Instagram advertising campaigns possible for the success of our companies and organizations. 

In this article, I will provide you with a brief analysis of what creative Instagram advertisements should include. I will also offer advice about where to find inspiration for a creative ad at any moment.

Return on Investment

To get started, let’s consider one of the social media advertising greats on Instagram. Abacus Agency is one of the leading Facebook and Instagram advertising agencies currently at work for companies and organizations like yours. The initial goal of the company was to drive better ROI (Return on Investment) through clients’ paid social ads. They quickly became the #1 Instagram Ad Agency because of their work. Just after two years of service, they have outlined the perfect formula to launch any Instagram Ad Campaign into trendiest seas.

By following the success stories of companies like Abacus Agency we will take a look at how you can offer creative Instagram advertisements to your potential customers.

RELATED CONTENT: THE LATEST INSTAGRAM FEATURES FOR PROMOTING YOUR BUSINESS IN 2019

Basics of Instagram Advertising

You can learn from the best artists in the market just by looking at their ads. However, you must meet some basic requirements for your ads to get the best results. There are a variety of Instagram ad types, but successful ads share some common characteristics. For instance, Instagram ads should meet each of the following:

  • 100% exploited text space (without exceeding 20% ​​in the image).
  • Image quality attuned to the ad location (feed or story).
  • Concise and direct messages.
  • Optimal use of relevant #hashtags.
  • A clear call to action

Gaining Inspiration

Every artist needs inspiration and the art of advertising is no different. Instagram ads must be visually appealing in order to gain the attention of potential customers. Here are some of the options for finding the images that will get you noticed.

Instagram’s Search Engine

Precisely, one of the best sources of inspiration for Instagram ads is the search engine of the social network itself. This works for two main reasons. First, this channel communicates with the main news and features of Instagram to design ads and advertising campaigns. Second, Instagram offers an extensive library of photographs and videos published by users. The images span any subject and can help spark ideas for your own ads. Simply search for keywords similar to your ad subject or sector and let the system (and the competition) work for you.

Photo Editing Blogs

Trending photography and illustration experts will help you generate ideas for all kinds of ads. These are professionals with an eye for creative ways to communicate. As they say, “an image is worth a thousand words”!  Let those who know imagery be your source and guide. For example:

  • Adobe Photoshop blog | This is the leading photo editing software on the market. In its blog, Adobe Photoshop shares striking creations from image-editing professionals, as well as different uses of filters and contrasts applicable in Instagram Ads.
  • Polaroid Blog | One of the maxims of this brand is design and aesthetic care. A review of their content will help you enhance your ad ideas, content, and format.
  • PicsArt Blog | Here, you will find many ideas to create the best Instagram ads. 
Colorful Chameleon
Photo by George Lebada from Pexels

Established Brands and Influencers 

Undoubtedly, another good way to get inspiration for your Instagram ads is to research the profiles of the best influencer accounts on Instagram.

For example, GoPro is a manufacturer of cameras that shares with its Instagram community images with that special GoPro wide-angle perspective. Another company, Skyscanner, saturates its Instagram posts on spooky landscapes, impressive cities, and imposing monuments.

From these types of accounts, you can extract and be inspired by powerful, quality images. Mix, combine and tweak material and ideas until that “ah-ha!” moment happens.

Branding in Instagram

Acquiring a large image library can aid you in developing your ad campaigns. But that’s just a start. You must build your ad formula to engage users with image, text/messaging, and action.  You must also give careful consideration to your brand. Even in the most creative ad campaigns, you cannot afford for consumers to lose sight of your brand. Pay close attention to trends in design; colors and themes throughout the marketing world.

Understand that to create a long-lasting effect on consumers your ad will need to have meaning to their psyche. Consider successful advertising campaigns of famous brands that you have encountered. Each one has a consistent essence unique to them that connects with their type of consumer. That connection is also what you must create with your ad messaging. Think of it as a special creative touch that will make everyone say: “Oh, it’s you!”

Sequencing 

Your creativity must apply not only to advertisements but also in your daily stories and publications your own Instagram feed. To do this, keep your ad content related to your product/service themes to build harmony and consistency with the consumer.

For example, create and follow a sequence of media releases on a predictable schedule, then build ads that can be used in various areas on the Instagram platform. For example, offer – 2 videos, 1 graphic or GIF, and 3 publications per month. Your ad campaign will then use imagery pertinent to the sequence content while maintaining your branding.

The sequence that you set will subconsciously provide your visitors with a sense of connection with your brand. Additionally, the algorithms for their user feed will pick up their visit to your Instagram identity, and push your content to their feed. This increases the chance that your ad will be shared and engaged with.

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6 Things You Must Do – Productivity

November 7, 2019 by Asif Nazeer Leave a Comment

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Feature Photo by Vitaly Vlasov from Pexels

Current log analysis is rapidly changing. The process requires data analyzers to keep up with the best practices involved in log management and monitoring. Every organization is unique, and each environment will have its own requirements concerning log management. However, there are strategies and capabilities that transcend such differences.

Effective log analysis streamlines processes and adds value to IT and operations. Well-performed data analysis demonstrates where the logged environment performs in tandem with other IT and server systems. The proactive and continuous gathering of usable log data helps determine the capabilities of computer-based environments. With well-analyzed log data, IT professionals can keep systems functioning well for their clients and operating within regulatory requirements.

Here are some of the best practices you need to follow.

Choose Your Tools Wisely

Make sure that the log management system you use is the ideal solution for your individual needs. First, you must take inventory of your infrastructure. Consider what you need to gain from your analyses and how the log management tool will meet those needs.

Moreover, be clear about your logging demands prior to choosing log management tools. The wrong tool for your needs may be ineffective. However, a tailored log management tool can enhance your work and potentially make your life easier.

RELATED ARTICLE: MASTER DATA: WHY IT’S IMPORTANT TO YOUR BUSINESS

Routine Log Checks

Be proactive about checking your logs. Many organizations make the mistake of neglecting their log data. This allows the wealth of information it contains to become obsolete.

On the other hand, effective log management can keep an organization on track to meet regulation and refine the scope of their work. This requires a regular examination of data in order to identify key trends. Routine log checks allow you to anticipate issues and opportunities in the future. Additionally, tending to log data can save money and prevent data loss.

Custom Alerts and Monitoring

Determine the various alerts your company needs for logged data in order to focus on security monitoring. Many alerts are simply based on compliance. However, this is not necessarily the best way to get the most out of your data. Alerts set on regular intervals will remind you to access and analyze your data. This will keep you at the helm of all your data can provide. Consequently, alerts help data environments function well. Then your team can take action to minimize risk and loss.

notebook and color charts

Stick to a Management Policy

Create and follow a procedure that includes details about how to complete day-to-day log collecting and reporting. Thereafter, look at reports as they are generated to check for consistency. Similarly, inspect reports when a procedure has failed. These simple and consistent checks will make your data work for you rather than against you.

Test Log Management Procedures

Ensuring that your logs are collecting the correct log data is important to running the best analysis possible. Therefore, check that your logs are collecting the information you need. In addition, check that logs are gathering the right events. A regular set of tests helps to ensure that the log management system and the analyses it provides is effective.

Log Management Security

Lastly, make sure that only a limited and authorized team of personnel are able to conduct log management. Too many people accessing the log collection and analysis tools can risk mistakes or modifications to the data environment. Such issues can lead to a failure of data integrity and the system as a whole.

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Edibles Sales Up In At Least Four States As Marijuana Industry Deals With Vape Health Crisis

November 6, 2019 by Asif Nazeer Leave a Comment

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In the midst of the vaping crisis, marijuana consumers are finding new alternatives like edibles to use instead.


November
6, 2019

4 min read


This story originally appeared on MJBizDaily

The vaping health crisis apparently has been good for the marijuana edibles sector, a sign that consumers are funneling more money into infused products instead of vaporizers.

Since the first vape-related death was reported in August, retail sales of edibles have climbed steadily in four states while those of vaping products have declined, though the vaporizer market appears to be stabilizing — and even rising — in all but Washington.

And while edibles manufacturers say they’re not seeing a dramatic impact on sales yet, marijuana retailers are reporting that sales of infused products are up since the beginning of the vaping health scare that has sickened more than 1,600 people and killed about three dozen in 49 states, the District of Columbia and the U.S. Virgin Islands.

RELATED: Mysterious Vaping Illnesses Have Industy On Edge

According to data provided by Seattle-based Headset, the share of cannabis sales captured by edibles has increased steadily through Oct. 6 since the first vaping death was reported Aug. 23:

  • Colorado: 15 percent, up from 12.7 percent
  • Nevada: 14.9 percent, up from 10.9 percent
  • California: 13.6 percent, up from 10.9 percent
  • Washington: 10.6 percent, up from 8.9 percent

New Accounts For Edibles Makers

During the week of Oct. 13 alone, Manzanita Naturals landed six new retail accounts, which will bump monthly sales up by about $30,000, said Andrew Amend, CEO of the San Francisco-based maker of all-natural, THC-infused craft sodas.

“People are starting to wake up and ask questions about what’s in their product,” Amend said. “Stores in San Francisco are dumping their vape cartridges and preparing for a ban and talking to me about beverages now.”

Denver-based Binske, which makes both edibles and vape pens, is ramping up production of its edibles products — even though it hasn’t yet noticed an increase in demand.

“Customers are starting to ask more questions and be more concerned about the products,” said Alex Pasternack, Binske’s executive vice president. “But the trickle-down effect hasn’t gotten to the brands yet.”

RELATED: 8 Cannabis-Infused Treats To Try For Halloween

Vape Sales Decline

Meanwhile, sales of vape products in the same four markets have shown a marked decline since Aug. 23, though they appear to be back on the rise in California and Nevada.

In Colorado, vape products accounted for 19.4 percent of marijuana sales on Aug. 23 but had dropped to 12.4 percent of sales by the week of Sept. 23. By Oct. 6, vape sales had climbed back to 13.9 percent.

Sales of Coda Signature’s edibles have risen, but it’s difficult to say whether that is tied to the vaping health scare because the company’s sales have increased every month since it launched in 2015.

The company, based in Denver and Trinidad, Colorado, recently launched in California, where 105 dispensaries signed up to sell its products within 45 days of entering the market Sept. 9 — just 18 days after the first vape death was reported. Coda products are available at 630 Colorado retailers.

“In our concentrates, we’re seeing a little flattening,” said Mark Grindeland, co-founder and CEO of Coda Signature, which makes edibles, concentrates used in vape products and topical items. “Fortunately, we’re not just a vape company.”

Grindeland worries that the vape health scare will perpetuate the stigma the cannabis industry is striving to overcome as people further question the safety of marijuana products.

“As we look at vapes, everybody in the industry should be concerned,” Grindeland said.

RELATED: What Top Cannabis Brands Are Saying About Counterfeit Products

Education Is Key

Andy Singh, founder and CEO of Los Angeles-based vaporizer company Nuvata, said sales have been stagnant in the roughly 20 stores where the company’s pens are sold.

Still, the company is striving to increase its footprint and anticipates its products being sold by at least 40 retailers by the end of the year.

“We’ve gotten into about 10 stores — maybe more — since the vape crisis started,” Singh said.

“We continue to educate consumers and not allow them to associate the regulated cannabis vape brands with the brands they’re seeing on the news.”

To stay up to date on the latest marijuana-related news make sure to like Marijuana Business Daily on Facebook

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