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You are here: Home / 2021 / Archives for February 2021

Archives for February 2021

82 Million Households Streamed ‘Bridgerton.’ Now, Fashion Brands Can’t Keep Corsets in Stock

February 10, 2021 by Asif Nazeer Leave a Comment

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February
10, 2021

8 min read


Netflix costume drama Bridgerton smashed viewing records and projections when it debuted in December, quickly becoming the streaming service’s most popular original series ever. The first Shonda Rhimes project to come out of her $100 million deal with Netflix, Bridgerton explores the dynamics of courting and marriage in 19th-century England.

Bridgerton’s Christmas Day release was timed perfectly for Netflix viewers who needed an escape — and perhaps something to occupy their time as they spent the holidays alone, or with a smaller group than usual. And what an escape it is: A light, frothy retreat from the real world into a place where an unwed couple walking alone in a garden is enough to set tongues wagging and lead to social downfall. The escapism wouldn’t be complete without Bridgerton’s opulent set designs and costumes: Designer Ellen Mirojnick and her team of 200 were tasked with creating more than 7,500 costumes in five months for the series’ eight episodes.

Netflix could have predicted that Bridgerton would be a hit, but few anticipated it would become a full-blown cultural phenomenon, capable of providing a much-needed boost to the fashion industry. Fashion and retail have been among the industries hardest hit by the coronavirus pandemic — after all, why get dressed up with nowhere to go?

But months of sitting at home have started to take their toll, and consumers are looking to spice up their sweatpants and slippers uniforms. So where are they looking for inspiration? To the shows that have captured their imaginations for the past 11 months, of course. 

Shopping app LTK compiles images from thousands of influencers’ Instagram feeds, serving as both a way for users to find inspiration and a way for influencers to make a commission when followers buy something they post about. Since Bridgerton’s debut in December, LTK has seen a 1,900% week-over-week increase in people searching for “Bridgerton” fashion, a 25,000% increase in people searching for “nap dresses,” a 3,900% increase in searches for silk dresses, a 1,000% increase in searches for embroidery and a 1,000% increase in searches for corsets. (The show might seem stodgy, but it’s anything but. It is based on a series of bestselling romance novels after all). 

“[This year] saw an unimaginable increase in consumers spending more time indoors than ever before, and they consumed content at record-breaking rates as a result,” says Dave Murray, European managing directory of LTK and its parent company RewardStyle. “With physical retail spaces, pubs, restaurants, and the arts closed, event gatherings canceled, and office attendance minimized, consumers turned to online and streaming content as a primary source of inspiration. In the LTK shopping app, we have seen this mirrored in a dramatic increase in searches for topical trends including interiors and fashion, as well as search terms from TV shows such as Emily in Paris, Sex and the City and Bridgerton.”

The data LTK compiled shows certain search terms spike when a new show is trending. When Emily in Paris debuted in October, searches for houndstooth jackets, the main character’s signature look, increased by 2,900%. When The Queen’s Gambit was all anyone could talk about, searches for 60s style spiked. And when HBO Max announced a Sex and the City reboot was coming, searches for Carrie Bradshaw’s beloved Manolo Blahniks surged by 1,000%.

All this browsing isn’t just for fun, either. According to Google, when searches for Bridgerton were spiking in early January, they were happening in the Google Shopping tab — not the main Google Search tab. That indicates consumers were searching with the intent to actually buy, and both anecdotal and quantitative data from fashion brands supports that.

Take luxury lingerie brand Fleur du Mal for example: In one of its first scenes, Bridgerton features a character being laced into a corset. Starting in December when the show launched, Fleur du Mal saw a 102% increase in people viewing corsets and bra tops on its site, and those searches led to a 30% increase in corset sales starting in December, with multiple items selling out. 

“While many brands saw an uptick in casual styles this year, we were excited to see increased interest in our sexier offerings even before the show was released,” says Fleur du Mal founder and CEO Jennifer Zuccarini. “The success of Bridgerton definitely added momentum, and I think had people fantasizing, in more ways than one, about dressing up and undressing. Our whole team was watching the show, and we often discussed it in our morning marketing calls, so we were following it pretty closely.”

For Afshan Abbas, founder of Seattle-based Fuchsia Shoes, a surprising post-holiday spike in traffic to the site caused her to dig deeper into how people were finding her company’s hand-embroidered flats. “While most of our organic traffic comes from search terms around ethical, sustainable, made-to-order, juttis, or artisan-made shoes, Google Analytics revealed many of our new searches were coming from search terms around embroidered shoes,” she says. “I’d already heard of the show, but I didn’t put two and two together until I noticed a thread about Bridgerton and embroidery in our private Facebook group of core Fuchsia fans.”

Image Credit: Fuchsia Shoes

Fuchsia’s shoes do bear a striking resemblance to the embroidered and beaded clothing Bridgerton heroine Daphne Bridgerton wears throughout the first season, so much so that Abbas decided to produce a limited-edition Bridgerton-inspired pair to build on the momentum. 

“We partner with incredibly talented artisans in Pakistan who use centuries-old techniques to hand-embroider every Fuchsia shoe,” she says. “Every pair of our shoes is made-to-order, so this gives us the flexibility to produce limited quantity batches of shoes and test new designs, textiles and patterns. After studying Bridgerton‘s incredible outfits, we decided to release a shoe inspired by some of Daphne Bridgerton’s dresses. We’re working with our designers to nail down the exact pattern, textiles and colors, but right now we’re looking at a shoe that will have elements of our Crown and Mohagny. It will be ornate, light blue and embellished with pearls and metallic beads. We’ll be releasing this new shoe in about three weeks.”

For other brands, the Bridgerton craze and accompanying surge in sales was simply a matter of being in the right place at the right time. Hill House Home, a direct-to-consumer home and fashion brand, debuted its line of “nap dresses” in 2019, and they were already wildly popular pre-pandemic. But in an era of Zoom meetings, the polished-yet-comfortable design became the unofficial WFH uniform for a certain group of mostly millennial women. “It’s a dress that you feel really presentable in, and that you can tackle anything in, but that’s still comfortable,” says Hill House Home founder and CEO Nell Diamond. “The nap dress name is a bit of a misnomer. Nobody’s napping — certainly not our customers. I have not had time to nap in years. It’s the idea that the comfort that’s inherent to the nap dress makes it possible for you to theoretically take a nap anytime.”

The Caroline Nap Dress. Image Credit: Emma Craft

An October Wall Street Journal article compared the dresses to the costumes from the 1996 film adaptation of Jane Austen’s Emma. That comparison was remarkably prescient: Bridgerton is set in the same era, and searches for nap dress style inspiration on the LTK app in January jumped a whopping 25,000%. 

“Where I really saw the Bridgerton effect was on social media,” Diamond says. “I saw people at home fully doing a dress-up with our product, and that made me so happy. We have this one dress called the Caroline, and it has a high neck and is very Bridgerton. We saw people wearing a headband and the Caroline with a cup of tea in front of their TV just having a night. And I’m like ‘Yes, you deserve it. What a year. Do that.’”

In a stroke of fate, Hill House’s new line of nap dresses, dubbed the English Garden Collection, debuts today. “We definitely love a good floral and proper Regency vibe, but it’s a happy accident,” Diamond says. “I’m not in with Netflix — would love to be, that’d be great.”

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Fascinating eBay Statistics and Facts for Small Business Sellers

February 9, 2021 by Asif Nazeer Leave a Comment

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Founded by entrepreneur Pierre Omidyar in 1995, eBay was one of the first auction sites on the web. In fact, its original name was AuctionWeb. Fast forward over 25 years later. As you can see from the eBay statistics below, the site has become a global marketplace connecting buyers and sellers online.

Perhaps you’ve bought things on eBay, but now are exploring how to start an eBay store or simply becoming an eBay seller. We show you the potential opportunity. Follow along as we explore eBay seller stats, company facts, and volume figures you need to know.



eBay History Facts

eBay has had a fascinating history from humble beginnings to roaring success.

A story circulated that founder Pierre Omidyar had created the website just to help his wife collect Pez candy dispensers. But It was later found out that the story was fabricated.

Following are some interesting eBay history facts:

  • The first item listed on eBay was a broken laser pointer that Canadian Mark Fraser bought with an intention to fix it because he couldn’t afford a new pointer.
  • Chris Agarpao was the first employee Pierre Omidyar hired to process the mailed check payments. And he is still working for eBay.

Pierre Omidyar founded eBay as a hobby. But after seeing the site’s growth, he quit his day job to focus on the site solely. Jeff Skoll joined eBay as the first president in 1996, and the site touched the $7.2 million sales mark in 1996.

Jeff Skoll

Here are some additional facts about eBay, which might interest you:

  • Initially being operated from home, eBay rented its first office at 1025 Hamilton Avenue in San Jose, CA in October 1996.
  • First called AuctionWeb, the site was officially renamed eBay in September 1997.
  • eBay made its first acquisition in 1998.

The company listed shares on NASDAQ under the symbol EBAY in 1998 and expected to fetch a share price of $18. Contrary to the expectations, the share price reached $53.50 in just one day.

Buy it now

Following are some more eBay history facts you may find of interest:

  • The company introduced the ‘buy it now’ button in 2000, which allows users to buy products instantly.
  • It launched global shipping programs in 2012 to help US sellers ship more easily to international buyers.
  • eBay launched a price-match guarantee for eligible deals in 2017

Fast forward to 2020, eBay is celebrating its 25th anniversary. The company keeps growing, just having completed a record quarter under the leadership of eBay CEO Jamie Iannone, who was appointed in April 2020.

Jamie Iannone

eBay is a good corporate citizen and serving the community with full dedication and honesty. And it was quick to terminate some of its top executives charged for cyberstalking a publisher.

Recently eBay agreed to transfer its classified business to Adevinta for a total consideration valued at approximately $9. 2 billion.

eBay Statistics Overall

So do people still use eBay? The answer is a resounding yes, as confirmed by various reports. eBay today is a global online marketplace, reaching record numbers. eBay and its brands have a presence in 190 different markets.

eBay is truly global. Here are some insights from eBay’s annual report:

  • 59% of eBay revenue comes from international operations.
  • The company has 13,300 employees globally out of which around 6,600 employees are located in the US.

Following are commonly asked questions about eBay statistics:

How Many People Use eBay?

There are 183 million buyers on the eBay marketplace globally. And there are 1.6 billion live listings on eBay. So you can understand that millions of people use eBay globally.

Are you curious about the US leading online marketplace according to sellers?

The answer is eBay. According to Statista, eBay got 6.53 on a 10-point number scale.

How Many Transactions Does eBay Process?

The site reached a $25 billion Gross Merchandise Volume (GMV) in Q3 2020.

Gross Merchandise Volume is the total value of all successfully closed transactions between users on the platform.

With a big number of new sellers continuously adding to the platform from around the world, GMV is poised to grow further. This means eBay’s percentage of sales volume among online marketplaces will also increase.

You can check eBay GMV from 2006 to 2020 here.

What is eBay’s Revenue?

eBay revenue in Q3 20019 was $2.083 billion, and eBay’s Revenue for Q3 2020 is $2.606 billion, a 25% increase from Q3 of 2019, as reported by eBay.

Where are eBay Sellers Located?

Most of the top eBay sellers are located in the US. The rest are based in other locations.

Look at the following data to get an idea of eBay sellers’ location:

  • United States (28.2%)
  • United Kingdom (28%)
  • Germany (16.5%)
  • China (13.2%)
  • Australia (4.2%)
  • Others (9.8%)

The United States has the largest number of eBay sellers.

eBay Stats: Listings and Sellers

listing

Savvy sellers know that listings make or break a sale. Among best practices, they streamline their businesses by using a good listing app (see: eBay listing tools). They also know that how they list their articles matters to success, so they save time through eBay listing templates. What’s more, they keep tabs on various eBay reports to know the best prices.

And they understand the facts and figures like the following:

How Many Items are Listed on eBay?

There are around 1.6 billion live listings on the eBay marketplace.

The number suggests that eBay is one of the leading marketplaces. And the number of listed articles on the site is around 7 times the number of eBay buyers. This means there are more products then buyers. As a result, you will have a competitor or competitors even if you think you have unique offerings.

So it becomes imperative to optimize your eBay listings to improve rank in product search on eBay.

What are the Average Listings Per Seller?

There is an average of 268 listings per seller on eBay.

As a non-store eBay user, you will get up to 200 free listings every month. Beyond that, eBay charges $.35 per listing.

However, if you subscribe to any of the eBay store packages, you will receive more free opportunities to list your articles.

How Many Items on eBay are New?

80% of items sold on eBay are new, and the remaining 20% of sold articles are old, according to an eBay press release.

eBay also launched the Certified Refurbished program. Under this program, a buyer can purchase refurbished products directly from the brand with a 2-year Allstate warranty.

The company launched the Certified Refurbished program under the following five categories:

  • Laptops
  • Portable audio
  • Power tools
  • Small kitchen appliances
  • Vacuums

Are Most eBay Items Fixed Price or Auction?

Most eBay items are fixed price. In fact, 88% of products sold in product categories on the eBay marketplace are marked Buy It Now product categories and don’t require bidding. Only 12 % of products are sold via auction.

Many of those who are thinking about starting an eBay store have the wrong impression that eBay mostly sells through an auction. The above eBay statistics prove this incorrect.

Promoted Listings: What Percentage are There?

Around 16% of listings are promoted listings.

There are 250 million promoted listings, according to eBay data. With 1.6 billion active listings on eBay, this gives us the percentage that are promoted.

Like most online marketplaces, competition is fierce on eBay. You will not move the needle without marketing, even if your prices are low.

eBay sellers implement various marketing services, such as:

  • Email marketing
  • Content marketing
  • Creating websites to promote their eBay stores.

Promoted eBay listings are a popular way for eBay users to grow their online businesses. And the numbers prove it. Promoted eBay listings gave eBay sellers $186 million in revenue for Q3 2020.

How Many eBay Stores are There?

There are around 790,000 eBay Stores, according to Marketplace Pulse.

The number is not surprising considering the benefits eBay store subscriptions offer. If you’re serious about selling online across different countries, having a store on eBay com helps a lot.

eBay store subscriptions will enable you to position your store in different markets aggressively. This is because eBay Store subscribers receive a host of tools to grow sales.

You can get more information about the benefits of having an eBay store to grow your business here.

What is the Number of eBay Top Rated Sellers?

The number of eBay top-rated sellers worldwide is 100. And these top-rated business owners are scattered in different countries, including the US, UK, and Germany.

Here are the numbers by country, according to Marketplace Pulse:

  • UK (48)
  • US (27)
  • Germany (20)

The top-rated program is launched by eBay to promote business owners who are doing exceptionally well on the eBay platform. Qualified top-rated sellers receive multiple benefits to boost their eBay sales.

eBay Trends About Products

Product trends

To be a successful business owner on eBay, you have to know what sells best on eBay, and find a good source of merchandise at a low enough cost to turn a profit.

  • If you sell collectibles or vintage items, be sure to identify the best flea market items to sell on eBay. If you are creative and prefer to sell your own handmade goods, read: Craft Ideas to Sell on eBay.
  • Since most product listings involve new goods, many aspiring online sellers will need access to wholesale or overstocked items, or discounted retail goods. More and more sellers use an eBay inventory management system to keep track.
  • Make sure you have the money to buy inventory in bulk for peak times. In August of 2020, eBay launched a program to offer eBay capital loans to sellers, in partnership with LendingPoint.

Here are other insights, trends, and facts to take into account:

What are the Top Selling Products on eBay?

The top selling products over the past 6 months include perfumes, stamps, tuning products, auto parts, vitamins, and herbal supplements, reported eBay.

Not sure about which category to choose on eBay to start selling?

Here is the best selling category list:

  • Home and garden
  • Health and beauty
  • Garden and Patio
  • Toys and hobbies

Look at the following insights to know what happens on eBay every minute:

  • 32 vitamins and minerals are purchased.
  • 6 women’s perfumes are bought.
  • 15 lawn mower parts and accessories are purchase.

How Many Mobile Transactions are There?

Mobile Transactions

More than half of all transactions on the eBay platform are viewed on a mobile device prior to purchase, according to eBay.

With such a big number of users accessing their mobile phones to view transactions, it becomes important for you to make all items listed mobile friendly on eBay. Doing so will help you get more items sold.

As the mobile app is easily available on both the App Store and Google Play, people use both the mobile app and the website to access eBay on mobile devices.

How Many Products Have Free Shipping?

70% of all items sold on eBay come with free shipping in the US.

As active buyers prefer to buy things that include free shipping, a big percentage of eBay offerings in the US include this perk.

If you also offer free shipping along with competitive prices, you’re more likely to succeed on eBay.

Holiday eBay Stats

Holiday eBay Stats

Shoppers love eBay for the Holidays! If you are looking to find active buyers this holiday season, check out these statistics from eBay to grow your business.

  • 72% of buyers will shop online more than they did previous years.
  • 1 in 3 users will buy things of value between $1000 to $3000 this holiday season.

Whether you are selling locally or your customers are scattered around the world, the holiday season is likely to boost your growth rate. This is because 76 percent of users say that online shopping has become easier. So the number of users buying things online during the holidays will grow.

Bonus Tips

As you review the above eBay stats, make notes of what will help you beat your competition. Sometimes knowledge is all it takes to do better than competitors.

Research and consider alternatives involving the eBay ecosystem. For example, some entrepreneurs decide to go into business providing services to other sellers. Read: How to Start an eBay Drop Off Store.

Finally, watch costs closely. Whether it’s saving a few dollars on the best shipping tape, or remembering that eBay takes a 10% cut out of every item sold — even small expenses add up when you do thousands of transactions. Mark up your merchandise to account for eBay’s 10% listing fee, other fees, and miscellaneous costs. After all, the name of the game is profit. You can get more information about the benefits of having an eBay store to grow your business here.

Image: Depositphotos


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What does an angel investor do?

February 9, 2021 by Asif Nazeer Leave a Comment

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There are currently 126 Venture Capital investment funds in Mexico, of which 104 operate mainly with money from Mexican investors.


February
9, 2021

3 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.


Currently we hear about technology companies that have grown exorbitantly and that have acquired great importance due to the impact that their solutions have on the market. Despite the accelerated growth of these companies and the impact solutions they have, one could not speak of the impact, scaling and growth without the armed wing of private capital, specifically Venture Capital, generating an impact such that today we could see it as a solution to promote the growth and well-being of our economic ecosystem.

According to the Mexican Association of Private Capital, there are currently 126 Venture Capital investment funds in Mexico, of which 104 operate mainly with money from Mexican investors. These funds preferably invest in startups at all stages of these companies. And although many efforts have been made to promote the development of the VC value chain, there are still some that require strengthening, as is the case of angel investors.

What do angel investors do?

Angel investment is an activity that promotes entrepreneurship and innovation through the contribution of capital, mainly in startups that are in the early stages of their life cycle. Investor angels do the same job as mutual funds without being institutionalized; However, just because they don’t operate this way doesn’t mean you’re not looking for an investment return on your capital.

Image: Isaac Alcalá / Entrepreneur en Español

What are the main models that exist?

Angel investors usually work independently and through angel investor networks.

If your goal is to become an angel investor, the suggestion is that you approach a network so that you make adequate investments, you know the investment theses, which are the best recommendations. A network works as a facilitating entity in bringing entrepreneurs together with high net worth individuals or families and turning them into an investment opportunity for the former. A network of angels, it shares risk and has a diversified batch of startups, says G2 Momentum Capital, a VC fund for startups.

The Mexican ecosystem has been strengthened and is on the right track; However, it is still necessary to strengthen this link in the Venture Capital chain and one of the ways is by adding networks and new angel investors.

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These Guys Produced the Super Bowl Pre-Show Everyone Will Be Talking About

February 7, 2021 by Asif Nazeer Leave a Comment

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February
3, 2021

8 min read


When Medium Rare co-founders and partners Joe Silberzweig and Adam Richman connected with me via Zoom earlier this week, all I could focus on were the palm trees outside the window of their production office in Tampa, Florida. Here in New York, it was snowing several inches per hour and pretty miserable, so my envy was palpable. Still, I wouldn’t have switched places with the duo, who were six days away from the launch of their latest high-stakes, elaborate, live-streaming production, The Shaq Bowl, which is being simulcast over Facebook, YouTube, TikTok, Twitch and LiveXLive (among numerous other platforms) from 3-6 p.m. ET this Super Bowl Sunday. 

The event — a successor to last summer’s Shaquille O’Neal and Rob Gronkowski-starring Shaq v. Gronk — boasts multiple major sponsors (Pepsi, Papa John’s, Bacardi, Mercari, etc.) and will feature celebs ranging from Diplo and Tim Tebow to Offset and WWE Champion Drew McIntyre performing and/or competing in intramurals like dogdeball and tug-of-war. Producers Silberzweig and Richman pulled all the threads together and will be watching with fingers crossed that the logistics go off without a hitch.

So it seemed like a good time to catch up with the pair about staging yet another huge spectacle amid the limitations of an ongoing pandemic, as well as the process of courting sponsors otherwise reluctant to make big ad buys this year and hedging their bets that folks want an alternative to what Silberzweig describes as the typical pre-game purgatory of “watching the CBS countdown show with guys in suits, talking football.”

Related: Want Millions of Views for Your Virtual Event? Just Add Shaq and Gronk.

What was it like figuring out how to one-up Shaq vs. Gronk while still being mindful of Covid protocols?

Richman: Yeah, it’s funny you say that, Kenny. Right after Shaq vs. Gronk, which was filmed in Orlando, we went straight to Tampa to come look at venues [for a Super Bowl event] and met with the city and the mayor, thinking we were doing an in-person event. Obviously that wasn’t in the cards. What we’ve realized since Shaq vs. Gronk is how great these live streaming and virtual events can be. Since then we did Black Entrepreneurs Day and the Sports Illustrated Awards. And now with this one we’re like, we never want to do a live event again. I say that half jokingly, but we love the space and the power of it.

Silberzweig: In early December, that’s when we really started sitting down with Shaquille and said, “Listen, We’re not going to be able to do this live and in person. How do we keep the brand alive? It took some time, but we all landed on this realization that there is a true need and actual market opportunity to create a fun Super Bowl countdown show right before kickoff, especially this year when everybody’s at home with no Super Bowl parties and all of that.

What makes a virtual event more operationally manageable?

Richman: With the [in-person] event, there’s so many of these crazy variables: dealing with the permitting process, which is never fun; the weather is not in your control; dealing with the Fire Marshall last year at Shaq’s Fun House. All those curveballs are thrown out the window. Concert promotions have always been one of the riskiest businesses. You book all the talent, you pay for the venue and marketing, and you’re like, “I hope we sell enough tickets and sponsors.” When it comes to broadcasting, we don’t need to start actually laying out costs until we know there’s proof of concept, meaning there’s brands that want to participate. If no sponsors want to come on board for the Shaq Bowl, then we know we’re not going to spend a few million dollars to produce it. If we know that Mercari is interested in presenting and Pepsi wants to do the halftime show, now there’s a certain level of investment and it sort of removes that guessing game and the financial risk.

Image Credit: Medium Rare

Speaking of sponsors, Pepsi was among many big companies that opted out of an in-game ad this year. So did they come to you saying, “Hey, we need to allocate marketing spend differently, and maybe Shaq Bowl is it?”

Silberzweig: You know, I think with Shaq Bowl specifically, we provide a really interesting alternative to the traditional Super Bowl ad, which is priced at $5 million-plus for 30 seconds. What we’re building with Shaq and Gronk is the opportunity for [brands] to activate in a big and experiential and meaningful way with that social component. And obviously our partnership pricing starts well below $5 million. 

Richman: These are the contacts and brands that we would deal with for a festival or live event, and now they’re adapting to come into the broadcast world with us, which is pretty incredible.

The question, then, is how you do all this brand integration while still allowing audiences to enjoy it without feeling barraged with ads and sponsorships?

Richman: Yeah, and look, that’s the balance. It’s really difficult, but obviously the brands want to achieve that, we want to achieve that and, more importantly, Shaq wants to achieve that. He doesn’t want to put something out there like a NASCAR car with sponsors all over it. That’s why we don’t sell commercials or salvage traditional advertising. It’s saying, “Hey, what would be fun?” With Jack Link’s, Joe and I brainstormed for a few days and we’re like, “Their character right now is Sasquatch. What if Sasquatch comes and arm wrestles Shaq? The viewers at home are going to love that. It’s hilarious, it’s fun, and it achieves something really cool and viral for the brand without feeling like you’re watching a commercial for 10 minutes. 

Silberzweig: And if it’s not something that Shaq is going to think is cool, or adds value to the show in mine and Adam’s eyes, we won’t do it.

You guys had backgrounds in promoting live events before launching Shaq vs. Gronk. But when did all these huge brands and celebrities see Medium Rare as a credible production outfit to partner with?

Richman: We’ve built out Medium Rare over the last few years with the live events, but it’s insane that we could pull off for major events for broadcast [since last June]. When we called partners for Shaq vs. Gronk, we convinced them, but it was difficult, and it was a sale, and it was trying to really get them to jump in the pool with us. And the fees have basically doubled from what they were back in June, because partners didn’t know what it was then. There were no metrics. Now we have all this data to point to from the three [previous] events. That made the fourth one an easier sell.

Silberzweig: Black Entrepreneurs Day and the level of press we got on that one was really the proof in the pudding that Medium Rare is a lot more than just a live-event company and is capable of all sorts of things at the moment and can really adjust to figure out how to reimagine these properties in today’s world.

Everyone from MTV to WWE to Animal Planet has plotted Super Bowl counterprogramming over the years. Why are you sure Shaq Bowl will stick? 

Richman: I wouldn’t say we’re looking at it as counter-programming, because we’re really owning that space up until the game. We know at 6:30, you’re not competing with the Super Bowl. It doesn’t matter what you have. It’s actually pretty notorious that three to six [on Super Bowl Sunday] is the worst television programming of the year. We’re not saying the Puppy Bowl’s not steep competition, but you know, with all the celebrity talent and Shaq and the great marketing and press, all of that combined is a recipe to get people’s attention.

Should live-event promoters and venue owners be worrying about their obsolescence? 

Richman: Joe and I were actually talking about this last night. The live-event industry is going to come roaring back. People cannot wait to get out of their house and be with people again. We imagine next year’s Shaq Bowl not only being an unbelievable broadcast, but having 10,000 people in the stands.

Silberzweig: We’re really bullish on the return of live [events]. I think people need that connection. When it’s back, they’ll be back stronger than ever, but for Adam and I, like you mentioned, this has been a blessing. We’ve been working hard and were forced to get creative, and we see broadcast as another vertical of the business, and it should stay that way for a long time.

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Facebook and Instagram Launch #BuyBlack Shop Collections

February 7, 2021 by Asif Nazeer Leave a Comment

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In helping celebrate Black History Month, Facebook along with its other brands, Instagram and Messenger, are using the platforms to raise black voices and businesses.

Throughout February, Facebook is creating these experiences including #BuyBlack Shop Collections. This will allow consumers to easily find and buy from black-owned businesses directly.

This follows Facebook’s #BuyBlack Friday during the holiday shopping season. With that campaign, Facebook says 15 million people tuned into the live event show and supported the merchants. The company is looking to have the same success this time around with #BuyBlack Shop Collections during Black History Month.



#BuyBlack Shop Collections

With 80 black-owned businesses taking part in the collection, consumers can choose from a wide range of retailers. From men’s and women’s wear to jewelry, cosmetics, books, specialty drinks, handmade products and much more.

Instagram’s @shop account will also spotlight black-owned small businesses during the same time with a series of shoppable posts. Instagram will publish #Buy Black Guide to be featured in the Shop Tab on Instagram.

#ShareBlackStories is another Instagram multi-channel call-to-action to support and inspire the black community in the US. Throughout the month it will be hosting workshops and other virtual community-focused moments for Black creators publishing new creative tools. This will be in the Instagram Camera and stories visible on @instagram, @creators, @design, @shop and @instagramforbusiness.

facebook and instagram Launch buyblack shop

Continued Support From Facebook

Another key point to highlight is Facebook will continue its support beyond this month with initiatives to help black-owned businesses, creators, and nonprofits. In June of 2020, the company committed an additional $200 million and since has awarded grants to over 10,000 Black-owned businesses in the US.

Facebook Elevate and Generation Black will strive to reach 1 million black and 1 million Latinx and Hispanic members. This three-year effort will offer the community training in digital skills and disburse 100,000 scholarships to black learners.

The help to nonprofits is responsible for donating $10 million to 36 such organizations in the U.S. These nonprofits were nominated by Facebook employees and selected with guidance from expert advisors. Some of the organizations receiving the funds include All Star Code, Management Leadership for Tomorrow and the Shriver Center on Poverty Law.

Furthermore, Facebook will provide $20 million to some 400 local nonprofits serving black communities, with a preference for black-led organizations. In the past four years, Facebook has spent more than $1.1 billion with diverse-owned US businesses through its Supplier Diversity program.

Images: Facebook


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Automate and Monitor Your Email Campaigns With ZOHO

February 6, 2021 by Asif Nazeer Leave a Comment

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Automate and Monitor Your Email Campaigns

ZOHO started its current Email Marketing Basics Webinar series with how to write effective copy and building and maintaining your list. The next webinar is titled Automating and Monitoring Your Campaigns, which are key skill sets to optimize your email marketing efforts.

As you increase your email list, automating your workflow is key to managing the hundreds or thousands of emails you will acquire. ZOHO, is going to teach you how to create automated email marketing campaigns to streamline your customer acquisition process. You’ll also learn about managing your sender reputation score, as well as key email marketing metrics to track to make sure your emails are performing as well as they can.

You can attend the Email Marketing Basics: Automating and Monitoring Your Campaigns webinar on February 17, 2021, from 12:00 PM to 1:00 PM EST. You will need the latest version of Chrome, Firefox, or Opera browsers.

Register Now





Featured Events, Contests and Awards

Email Marketing Basics Webinar: Writing Effective CopyWEBINAR: Email Marketing Basics: Building and Maintaining Your List
February 17, 2021, Online

Learn how to build, segment, and nurture your email lists in order to improve engagement and retain quality campaign subscribers. In this webinar you will also gain a better understanding of GDPR, avoiding spam filters, and the importance of keeping your lists clean.


WEBINAR: Email Marketing Basics: Automating and Monitoring Your CampaignsWEBINAR: Email Marketing Basics: Automating and Monitoring Your Campaigns
February 24, 2021, Online

Learn how to build, segment, and nurture your email lists in order to improve engagement and retain quality campaign subscribers. In this webinar you will also gain a better understanding of GDPR, avoiding spam filters, and the importance of keeping your lists clean.


Email Marketing Basics Webinar: Automating and Monitoring Your ListsEmail Marketing Basics Webinar: Automating and Monitoring Your Lists
February 24, 2021, Online

Learn how to create automated email marketing campaigns to streamline your customer acquisition process. You’ll also learn about managing your sender reputation score, as well as key email marketing metrics to track to make sure your emails are performing as well as they can.


WEBINAR: What Business Structure is Right for You?WEBINAR: What Business Structure is Right for You?
April 28, 2021, Online

Picking a business structure is usually the first big legal decision for a new business owner and one of the most confusing. However confusing, it is an essential step to protecting your personal assets from any liabilities of the company. In this webinar, Nellie Akalp CEO of CorpNet.com, will share insight on business entities to help guide you to the best decision for your new venture.


WEBINAR: Best State to IncorporateWEBINAR: Best State to Incorporate
July 28, 2021, Online

Some say Delaware, others say Nevada while someone else may say your home state. What is the best state to register a business in? What if your business is expanding into new territory? At what point should you Foreign Qualify? Nellie Akalp, CEO of CorpNet.com, will go in-depth to answer these questions and more in this webinar.


WEBINAR: Steps to Start Your BusinessWEBINAR: Steps to Start Your Business
October 20, 2021, Online

Starting a business can be an exhilarating time, where everything seems full of potential and purpose. But navigating the logistics of launching a business can be daunting. In this webinar Nellie Akalp, CEO of CorpNet.com, will outline the steps necessary to legally start a business and get up and running on the right foot.


More Events

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    February 9, 2021, Online
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  • 2021 Retail Innovation Summit
    February 11, 2021, Online
  • ProductWorld 2021
    February 17, 2021, Online
  • 5th Advancing Project Controls Summit 2021
    February 22, 2021, Online
  • Free Thought Leadership Webinar!
    February 22, 2021, Online
  • Employee Wellness Summit
    February 24, 2021, Online
  • Social Media Strategies Summit | Virtual Conference
    February 25, 2021, Online
  • Chief Data and Analytics Officers, Financial Services: Live 2021
    March 2, 2021, Online
  • Digital Marketing World Forum – North America Online 2021
    March 24, 2021, Online
  • Power BI in 2021
    April 1, 2021, Online
  • HR Benefits Conference, April 2021
    April 7, 2021, Las Vegas, NV
  • TECHSPO New York 2021 Technology Expo (Internet ~ Mobile ~ AdTech ~ MarTech ~ SaaS)
    April 15, 2021, Online
  • DigiMarCon Mid-Atlantic 2021 – Digital Marketing, Media and Advertising Conference & Exhibition
    April 26, 2021, Philadelphia, PA
  • DigiMarCon At Home 2021 – Digital Marketing, Media and Advertising Conference
    April 28, 2021, Online
  • Sitecore CMS in 2021
    May 1, 2021, Online
  • DevOps Engineer in 2021
    May 1, 2021, Online
  • DigiMarCon New England 2021 – Digital Marketing, Media and Advertising Conference & Exhibition
    May 6, 2021, Boston, MA
  • Marketing Analytics Summit North America – Virtual Edition 2021
    May 10, 2021, Online

More Contests

This weekly listing of small business events, contests and awards is provided as a community service by Small Business Trends.

You can see a full list of events, contest and award listings or post your own events by visiting the Small Business Events Calendar.

Image: Depositphotos


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Achieve Business Wellness in 2021

February 5, 2021 by Asif Nazeer Leave a Comment

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February
5, 2021

4 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.


Although it is true that the pandemic has truncated opportunities for many, it must be recognized that it has also provided them to begin to do things differently, and learn to value strongly the most important asset that every company has: its employees.

We must never forget that a company is due to the effort, work and talent of those who make it possible for the different processes of the organization to be a reality.

Seeking the well-being of employees was an expectation for many, today companies are realizing that it is a “duty”, since generating structures that promote happiness and well-being in employees brings infinite benefits to any organization.

If a company maintains its strengths and never stops implementing good practices to achieve the happiness and well-being of its employees, it will generate trust, positive emotions and commitment in them. Let us remember the heliotropic effect of Kim Cameron, where he explains it clearly, by nature all living beings tend to go towards the light, towards a positive energy; and get away from the dark, negative energy.

What people need to flourish is precisely that light, that is the main ingredient that every organization requires for its successful growth, to preserve its garden of beautiful living flowers.

But it is not only that, the profiles of the employees also have interference to determine the environment or climate at work. We must pay maximum attention that they have well-established values such as empathy, compassion, honesty, tolerance, loyalty, among others. These soft skills are what will form an organization that alone, without planning, will help humanity.

In this life many times we have heard the phrase “You have to lead by example”, and it is true! If an organization has leaders who generate optimism, positive emotions, ideas to contribute, not to fulfill, in their work team, they will have greater success in their tasks or tasks.

Optimism has been shown to lead to higher learning and performance. The reason is, if you believe or think that you will do well, you will try harder.


Depositphotos.com

At Duke University, a couple of economists proved that optimistic people work longer hours, are more persistent, and end up making more money.

It is necessary to be clear that it is the responsibility of all the leaders of the organizations to attend to the psychosocial component of the behavior of the people who make it up, since organizational well-being is directly related to economic results, conflict management, customer satisfaction, and the achievement of organizational efficiency.

Organizational wellness

A company that demonstrates organizational well-being has significant competitive advantages, for example:

+ 300% Innovation -44% Diseases

+ 44% Sales -51% Turnover

+ 31% Productivity -125% Burnout

+ 37% Retention

But not only that, having a healthy and harmonious work environment allows business processes to flow, goals to be achieved in the shortest time and in the best way, the reputation of the company is benefited, because when the employee feels cared for the same, he will spread the word with his relatives.

To achieve organizational success, it is necessary to implement an organizational wellness and happiness strategy that contributes to aligning the business with strategic objectives and HR initiatives. Let us remember that well-being is a personal and collective responsibility for continuous improvement in organizations.

Boost the happiness of organizations

For more than five years LIVE 13.5 ° has offered consulting to various organizations under a complete and humane methodology. With it, physical, emotional, mental, spiritual and financial balance is sought in people, which contributes to generating happy and productive organizations.

Large transnational companies such as Coca Cola Femsa, Natura, Danone, Starbucks, Nissan, Mitsubishi Motors, UPS, Cirsa, Santander, Chopo, Unicef, MetLife, Expansión, Kuehne + Nagel, among many more, have been participants in the experiences and certifications that offers LIVE 13.5 ° as consultancies in happiness and HR, training and integration events to form happier, productive, healthy and positive work teams.

It is time to listen and carefully observe the context that we are living, from all its angles, don’t you think that it is crying out for us to be better human beings and to do something for society itself?

It is necessary to start the year well, be more empathetic with what surrounds us, identify the observable behaviors that generate positive results and implement good practices.

Let’s find, work and promote that well-being of our second home, work.

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Goodbye to labor borders! So you can offer your professional services in the United States

February 5, 2021 by Asif Nazeer Leave a Comment

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February
5, 2021

5 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


We changed, employers changed, and work itself changed. According to a survey by the human resources consultancy Mercer, 83% of employers in Latin America will continue to work remotely, once the pandemic is controlled. Additionally, for the National Association for Business Economics, in the United States, it is estimated that 80% of companies maintain their operations under the same conditions.

This implies that companies are assimilating the new labor paradigm and also opens up a great opportunity for all those who carry out activities virtually. Professionals dedicated to programming and software development have already seen a growth in demand thanks to the virtualization of the working day, so they can find offers around the world, with just a click. But how do you get these kinds of jobs?

The growth of remote job opportunities led experts in the field to develop tools that help people understand this new way of working. One of them is Alexander Torrenegra, investor, Colombian businessman and shark of Shark Tank, the reality show of the Sony channel. Torrenegra set out to facilitate the meeting between employers, especially from North America and Latin American talent. This is how Torre was born, a platform in which Latino talent can access job offers beyond its borders, facilitating entry in international currency and expanding the labor market.

With more than a million people registered in just over a year since its creation, Torre uses Artificial Intelligence to generate successful recruits and organize hundreds of data from the profiles of each professional.

“All you need to work anywhere is a good internet connection and a computer. In addition, with platforms like Torre, you can find opportunities according to the level of income, skills, and even the professional culture of each one. Along with this, users can decide whether they are looking for a freelance job, full time or an internship ”, highlights the Colombian businessman.

How does it work? At Torre, you just create a profile with information that nurtures the “professional genome” of each person. This is like the work DNA of each person, with hundreds of data that gather skills, strengths, weaknesses and experiences; a much more complete resume and in total control of the applicants. This will serve to make the perfect match between the talent and the needs of each company. In addition to the support and service of this platform, there are other elements to take into account to be successful working remotely.

Have structure and organization

Offering services in a company that is located in a different country may require more planning, as you may work different hours. From the start, acquiring responsibility from a distance demands a great sense of organization and responsibility to accomplish tasks. By having a structure and complying with the established times you can not only guarantee more success, but also help to find more and better opportunities in remote work management platforms.


Photo: Courtesy

Master other languages

If the interest is in working for companies in the United States, it is necessary to have a good command of English. This will facilitate communication with employers and open the possibility of having better job offers. The constant practice and knowledge of other languages will be a vital aspect to obtain jobs in different countries.

Acquisition of new skills

“Remote workers are self-taught and curious. They are always looking for new knowledge to overcome day-to-day obstacles and nurture their curriculum, in order to become more attractive to different global companies seeking remote talent, ”adds Torrenegra. Currently, there are many online learning platforms that facilitate the acquisition of new tools that will serve to diversify the skills offered on search sites like Torre.

Use of technological tools

To organize time and tasks, as well as income received, different available digital platforms can be used to make remote work more efficient. A person who works online must take advantage of the entire range of tools that exists on the internet. This is a fundamental characteristic of remote workers: being friendly with technology, since many of the employers they can find will give access to workspaces such as Slack, Drive, Calendly, among others.

“The pandemic erased the borders when it comes to working, especially for those professions that concentrate all their activities on the use of the computer, such as programming and software development. For them, the world opened up, giving them the possibility of living in Latin America, but working, for example, with the United States with pay in dollars ”, Torrenegra concludes.

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How To Ask For a Sponsorship – Business

February 5, 2021 by Asif Nazeer Leave a Comment

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Asking for a sponsorship can sometimes be awkward and intimidating. Whether it is a major event or a sports team, the process of asking for a sponsorship is the same. 

Today we are looking at everything you need to know and a timeline for how to ask for a sponsorship. Not every pitch is going to be successful, and that’s okay. But as a professional, you must have a plan in place to have the best odds.

collage of three images showing big brands in relation to sponsorships

Why You Need a Sponsorship 

Getting a corporate sponsorship will put your organization on the map. People love when they see brands working together, especially when they recognize a corporation. Not only does this provide you with credibility and authority it is also getting your brand in front of a new audience. 

Some people think that throwing dollars at brand recognition is a waste of time. But guess what? When you look at Google, McDonald’s, Nike, and Under Armour, almost every person in American can recognize at least one of those. You would be surprised at the amount of money spent to have their brands on the forefront.

With that being said, when you land a corporate sponsor, people will remember your event, cause, organization, etc. because of their credibility, in turn, reflects on you. 

Hopefully networking and building connections with outreach like these will help in the future and the sponsorship will turn to a long term relationship. 

If you can get your foot in the door just once, the future will be very bright! 

When Should You Ask for a Sponsorship? 

As soon as you begin the planning stages of your event, fundraiser, season, etc. you need to have your proposal and pitch ready. Corporate businesses have processes to follow when it comes to this and if you wait until the last minute you will never get one. 

Also,  have a plan in place that allows you to reach out to several potential sponsors in case one cannot do it, or it falls through. 

When Should You Follow Up After a Pitch? 

Allow one to two weeks before checking on the sponsorship status. While this may be the only thing on your plate, for corporate companies they deal with this all of the time. If you cannot land them within two weeks of making your pitch, it’s time to seek out another. 

What You Should Know Before Proposing a Sponsorship 

Before you ask a company for a sponsorship, a little research needs to be completed first. You want to see what their mission statement is and that aligns with your business or organization. If your company doesn’t believe in their goals, then there shouldn’t be a partnership. An example of this would be, say you are hosting a festival based on going green and being eco friendly. But the sponsor you had in mind doesn’t follow any green practices and eco friendly is not in their plan. In that case, they would not be a good fit.  Not only because the missions aren’t aligned, but your target audience would not want to support that and would probably lead to a failed event.

Corporations want to know that their money is being put to good use. Know ahead of time of what you are going to do for them. Will you promote the event on social media? Have their names placed on shirts and banners? Even though they already receive more exposure when compared to small businesses, they still want to be recognized. 

You should have a proposal that is well put together. Corporations thrive on data on numbers so be sure to include that in your pitch or proposal. This means if you are planning an event, what are your projections on the number of people that will be there? Who are your target demographics? 

RELATED: The Importance of Target Market Research

Within your proposal list out the amount of money you are seeking and a menu of prices if you plan to offer different advertising based on tiers. They are corporate and they already know you are looking for money, so shoot them straight. 

We hope that you land your next corporate sponsorship with flying colors! These tips should help you build the perfect pitch so you can land them every time. 

Pin for Later!

Learn everything you need to know when it comes to asking for a sponsorship.

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If They Say You’re Crazy, You May Be On To Something

February 5, 2021 by Asif Nazeer Leave a Comment

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