ISmall-Business.net

Intelligent Business Solutions

  • Home
  • Strategy
    • Small Business Strategy
      • Combining Niches to Maximize Profit Potential
      • High Ticket Versus Volume Niche Selection
      • How to Know When to Cut a Business or Niche Loose
      • Never Put All Your Eggs in One Basket
    • Sales Strategy
      • Facebook Networking Versus Paid Advertising
      • Brainstorming a Successful Sales Funnel
      • Best Practices for Profitable List Building
      • Backend Sales Strategy Tips
      • A Better Way to Use Webinars for Profits
      • Creating a Welcome Email That Makes Money
    • Production Strategy
    • Human resource strategy
  • Management
    • Business action plan
      • 7 Things to Send JVs to Get Them Onboard
      • Don’t Make JV Promises You Can’t Keep
      • How to Host a Challenge and Maximize Profits
    • Small Business Management
      • Putting Profit Tasks First During Time Management
      • How Self Doubt Sabotages Your Financial Success
      • Repurpose Your Content to Save and Make Money
    • Business Management Topics
      • Fighting the Stigma of Failure
      • Figuring Out the Perfect Launch Date and Time
      • Bonus Creation That Catapults You to Leaderboard Domination
      • Do Customers Prefer Video or Text Courses
      • Minimize Your Risk of Refunds with These 5 Tips
      • How Often Should You Email Promo Material
      • Narrow Niche Domination
      • Perfecting the Launch Process for Increased Profits
    • Business Management Blogs
      • Nobody Expects a Perfect Expert
  • Ideas
    • Find business ideas
      • 5 Lucrative Non IM Niches
      • 6 Niches That Are Hot on Social Networks
      • Are PLR Stores a Viable Way to Make Money
      • How to Know If a Membership Site Is Right for You
    • Idea feasibility
      • How to Make Money Off a $7 Product
      • Recurring Income Options
    • 10 top business ideas
      • Could Coaching Bring in More Money Than Products
      • Individual Coaching Versus Group Coaching Profits
      • Building a Reputation as a Powerful Affiliate
      • Pinterest Profit Niches
    • Low cost business ideas
      • Making Money Off eBooks and Reports
  • Valuation
    • Business Valuation
    • Increase business valuation
      • Making Wise Investments in Tools to Further Your Business
    • Business Valuation Methods
    • Understand business valuation
  • About
    • About Me
    • Blog
    • Contact Us
    • Sitemap
    • Privacy Policy
  • Strategy
  • Supply Chain
  • Customer Focus
  • Entrepreneur
  • Biz Opportunities
You are here: Home / Blog

Apple CEO Tim Cook Made One Simple Change to Help Him Avoid iPhone Addiction

April 24, 2019 by Asif Nazeer Leave a Comment

[ad_1]

He says he doesn’t want people to use their phones so much.


April
24, 2019

4 min read


This story originally appeared on Business Insider

Phone addiction has become such a worldwide problem that even the Pope weighed in this month.

Pope Francis warned a group of high schoolers about it during a meeting at their school in Rome, reports the Catholic magazine America. He told the teens to “please, free yourselves from your phone addiction,” explaining that “when the phone is a drug,” there’s a danger of “communication being reduced to simple ‘contacts.'”

On Tuesday, Apple CEO Tim Cook agreed.

Cook was asked about how ordinary people are touching their phones thousands of time a day during an on-stage interview at the Time 100 Summit.

He agreed that many kids may be using their phones too much, and that this was the impetus for Apple’s Screen Time reports, whichrolled out in early 2018.

“It’s also the parents that are using it too much. We all are, or many of us are,” Cook said.

When asked about one study that found people, on average, touch their cell phones 2,617 times per day, he joked, “Ah, well you shouldn’t be doing that.”

He explained that the folks at Apple “don’t want people using their phones all the time. This is never been an objective for us,” and said constant phone usage is not Apple’s business model.

That’s a subtle dig at the ad-supported apps of the world — like Facebook, Instagram, Twitter, and Snapchat — that try to keep people coming back for more interaction with their apps, which helps them sell more ads.

“It is clear that there are certain apps that people can get in the mindset of just scrolling through mindlessly and continuously picking up their phones and looking to see what is happening this second,” Cook said.

He also echoed the Pope’s assessment about how phones hurt communication, too.

He said one change people should make is this: stop paying attention to your phone instead of the people in the room with you.

“Every time you pick up the phone, it means you are taking your eyes off the person you are dealing with. If you are looking at your phone more than you are looking at someone’s eyes? You are doing the wrong thing!” Cook said.

Justin Sullivan/Getty Images

Gutting your notifications

Cook said he learned that lesson personally by reading his own Apple Screen Time reports, which lead him to make another simple change that keeps him from being distracted by his phone thousands of times of day: He turned off app notifications.

“What’s it’s done for me personally? I’ve gone and gutted the number of notifications, because I really asked myself, do I really need to be getting thousands of notifications a day?” Cook said. “It is not something that is adding value to my life or making me a better person. So I went in and chopped that.”

“I recommend you do this if you haven’t already,” he added.

There are multiple ways to limit app notifications on an iPhone while still letting the device alert you to anything important. These include disabling notifications on each app through the “Notifications” tab in “Settings”; using “Do Not Disturb” both manually (while at dinner or the movies) and setting it up automatically (like at bedtime); and selectively earmarking contacts or email strings as VIPs, so you are alerted to their emails and don’t need to constantly check your phone for them.

[ad_2]

Source link

Filed Under: Entrepreneur

10 Laws of Social Media Marketing

April 23, 2019 by Asif Nazeer Leave a Comment

[ad_1]

For business owners just getting started, a guide to build brand buzz and boost your bottom line.



[ad_2]

Source link

Filed Under: Entrepreneur

76% of Customers Choose Loyalty Programs that Collect ONLY Name and Phone Number

April 23, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Customer Loyalty Programs and Privacy

More businesses are adopting customer loyalty programs because it is much easier to deploy. But a new report has revealed Americans are more cautious when it comes to joining a loyalty program.

A survey conducted by The Harris Poll on behalf of Wilbur says 76% of Americans are more likely to join a program which collects only their name and phone number. An almost equal number (71%) said they would be less likely to join a rewards program which collects personal information. This includes address, account information, and other sensitive data.

These two data points highlight the growing concern Americans have about their personal information. As increasing number of organizations report data security breaches, consumers are leerier about who they hand out their information to.

In the press release for the report, President and CEO of Wilbur and Smart Transaction Systems, Ray Clopton, addressed the issue of privacy.

Clopton said, “These survey results prove that U.S. consumers are becoming much more selective about the loyalty programs they join and, I believe, are ultimately more loyal to brands that respect their personal privacy.

Adding, “It is really important for businesses to pay attention to what their customers want—especially when developing a loyalty program.”

For small business owners looking to develop a loyalty program, paying attention and knowing their customers is especially important. Clopton went on to say business should get to know their customers—but as people. And not as, “A slice of a database or a spreadsheet column.”

Loyalty Programs

The best example of loyalty programs comes from grocery stores. And in the past, they only required a name and phone number for customers to take advantage of promotional items. But with the evolution of digital technology, eCommerce, and social media, they now want more information. This goes for other industries who are using loyalty programs.

Everyone from gas stations to fast food restaurants, movie theaters, and others now have their own programs. And more of them are asking for an increased amount of personal information to deliver the personalized experiences consumers want.

The personalized experiences consumers want comes at the cost of providing the personal information the value so much. Delivering a personalized experience requires a considerable amount of personal data. Finding balance consumers and businesses can live with is the key.

Customer Loyalty Programs and Privacy

Collecting personal information is at the crux of the problem. In this survey, fewer personal data translates to more receptive consumers.

If a program only asks a name and phone number 76% are more likely to join a program. But there is still a group which doesn’t want to give even this information. Sixteen percent said they are somewhat less likely to join, while another 8% said they are much less likely.

When asked about providing address and account information, 71% said they are much/somewhat less likely to join a program. A larger number at 27% said they are much less likely to join, and 22% said they were somewhat more likely to join.

In addition to collecting data, the survey also asked about downloading an app to get the loyalty program benefits.

More than half or 58%  are less likely to join if they have to download an app. Considering how much data some apps require, it is the same problem as asking for more information. More than a quarter or 26% are much less likely to join.

The Harris Poll conducted the survey in the U.S. on behalf of Wilbur online from April 4-8, 2019. It was carried out with the participation of 2,003 adults ages 18 and older.

Wilbur is a loyalty program operator based in Boulder, Colorado.

Creating a Loyalty Program Today

The good news is there are many tools for creating a loyalty program in the marketplace.  This requires crafting a loyalty program with a clear strategy and understanding of data protection.

A program with best practices, strong governance, and transparency can go a long way into easing the anxiety consumers feel today.

If your customers are willing to share their information, you have to make them feel at ease by saying and doing everything you can to protect it.

Image: Depositphotos.com

This article, “76% of Customers Choose Loyalty Programs that Collect ONLY Name and Phone Number” was first published on Small Business Trends



[ad_2]

Source link

Filed Under: Strategy

How Will Big Data and AI Transform the B2B World?

April 23, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Big data and artificial intelligence, or AI, make it possible for industry leaders to make numerous decisions quickly in real time. Used together, these technologies offer actionable insights into customer behavior. Further, these insights allow companies to deliver customized products to consumers in optimized ways.

The Role of
Big Data and AI in B2B Marketing

Customer happiness is crucial for the success of any business. If you want to provide high-quality service to your buyers, you must learn your clients’ pain points. Thereafter, you must offer the proper solutions. For this reason, businesses collect large volumes of customer data. This frequently includes browsing history, likes, clicks, buying patterns, and so on.

RELATED ARTICLE: BIG DATA: 6 WAYS LEARNING TO USE IT WILL HELP YOUR BUSINESS

As many as 80% of marketing experts believe that AI will transform digital marketing for B2C and B2B spaces in the next five years. What’s more, information from big data can be conjoined with the magic of AI.

These data collections reveal powerful insights into customer behavior, insights that are incredibly helpful for B2B lead generation. Moreover, using this information, marketers can flawlessly predict the correct action to take with any consumer at any moment.

How Smart Business Owners Use Big Data and AI

Big Data and AI

The chart above is from a study by Econsultancy and IBM. The study revealed that 35% of elite marketers agree that they need to have the right technologies for data collection. Moreover, they also stressed that they needed proper analysis in order to understand the data they collected.

AI Improves the Lead Generation Process

The partnership between big data and AI offers enormous benefits. However, it will only be useful to managers who understand how to properly execute the information they receive. For example, rich client insight can guide marketing managers to generate sales-ready quality leads. But this is true only if they have the right data and intelligent analysis at hand.

With quality leads, you’ll be able to focus only on interested prospects. This will reduce the number of hours your team will need to spend on mundane tasks. Instead, they will be able to concentrate on high-value tasks while electronic tools take care of routine functions.

AI Predicts Sales Quickly

Today’s AI tools can produce sales forecasts based on data you provide. Then, you can plan upcoming projects using these predictions. This will help you to efficiently manage your resources and your team’s efforts.

Wise Business Owners Call on Discerning New Marketers

Within this exciting new space, multiple B2B marketing vendors such as Blue Mail Media have begun to emerge. These companies are now implementing new marketing skills in order to leverage new opportunities. Using big data and AI, they target only the right customers. They aid with personalized campaigns and forecast sales. In short, these savvy marketers use big data and AI to bring you a competitive advantage.

AI and big data will continue to push the boundaries of creativity and interactive user experience, and companies that avail themselves of these possibilities will reap rich revenues. So be a part of this trend. Get your business ready for the partnership between big data and AI now!

About the Author

Emily Johnson is a marketing analyst and chief content writer at a leading marketing company in Irving, Texas. Emily specializes in entrepreneurship, small business, technology, social media, and content marketing strategies. Connect with Emily on Facebook and Twitter.



[ad_2]

Source link

Filed Under: Biz Opportunities

Digital Marketing Agency Tips for a Content Marketing Campaign

April 22, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Content marketing was around even before the digital age began. Business owners in those days created written materials to promote their businesses through newsletters, magazines, and other materials.

Nowadays, however, content marketing more often takes digital forms. For example, content creators use videos, blogs, or social media posts. There are other forms of digital marketing, too. To get more information about other digital marketing strategies, click here.

What’s more, if you’re setting up a content marketing campaign for your business, the following tips will help.

1. Determine the Purpose of Your Content Marketing Campaign

Put first things first. That is, figure out the purpose of your campaign. Obviously, you want it to help your business. However, what type of content will you be creating? Will you use your campaign for brand awareness? Or do you want it to increase sales? Each form of content marketing you choose will require a different tone and form of material.

2. Make Sure You Know Your Audience

Once you’ve figured out the purpose of your campaign, you then need to understand the audience whose attention you’d like to catch. For example, the content of a blog for an older generation is far different from that of a blog that aims to reach a younger audience.

3. Pay Attention to Your Content Structure

Any audience will be more receptive to well-thought-out content that is free of grammatical and typographical errors. Also, use simple and catchy phrases in your title. And maintain a consistent structure throughout your article. To that end, make sure to consider these three things:

  • Tone – Keep the tone light and friendly. Readers will stop reading content that sounds overbearing and stuffy.
  • Flow – Make sure your ideas aren’t all over the place. Craft smooth transitions from one idea to the next.
  • Format – Maintain a balance in your content somewhere between formal and casual. Moreover, it must match the taste of your target audience.

Above all, be conversational. Just talk to your audience. Present whatever it is that you want them to know without trying to force them to believe you.

content marketing

4. Enable Social Media Sharing
Buttons

If people like your content, they are more likely to share it on their social media accounts. Therefore, make it easy for them to do so by enabling social media buttons on your post’s page. Without these, they may resort to copying and pasting. And when they do that, the link will not be attributed to your page.

5. Be SEO Conscious

Search engine optimization (SEO) is a big deal, as you probably already know. SEO-friendly content can go a long way in making your marketing campaign count. Therefore, be aware of how to use the keywords that can help the Google crawl bots discover your posts.

In addition, here are a few of the many factors that can help with SEO for your content:

  • Substance – As we mentioned earlier, you need to produce content with high quality. That’s because this plays a decisive role in improving SEO.
  • Authority – You need to be viewed by search engine crawl bots as an authority to get a better ranking on search page results. You can achieve this by guest posting on authority websites. Alternatively, you can have authority page posts mention your content in their posts. This is where linking and backlinking take place.

RELATED ARTICLE: HOW CAN I GET MY BUSINESS TO RANK HIGHER IN THE SEARCH ENGINES?

6. Tap Social Media Influencers

As you build your followers by posting quality content, also take advantage of the followers of social media influencers in your industry. To do that:

  • Reach out to the social media influencers who are in the same niche as you are.
  • Ask if you can quote them in your posts.
  • Be one of their sponsors in exchange for them sharing your content. Or work with them in some other way to get your content published on their social media page or website.

If you’re quoting social media influencers in your articles, they will be more likely to share your content free of charge. That’s because you will have promoted them first.

7. Make Different Versions of Your
Content

This is what is commonly called “repurposing your content.” For example, let’s say you create a video and post it on YouTube. Then you create a podcast version for your blog. This way, you get to reach more people through different channels using the same content.

8. Don’t Forget Your Call to Action

Creating educational content is your marketing strategy. Whether the primary goal is for brand awareness or to gather leads for sales, you’d want to gather those that you reached through your digital marketing campaign. Therefore, make sure to include a powerful call to action in each post.

Give Your Content the Royal Treatment

Content is king, so give your content the royal treatment it deserves. Use these tips from a digital marketing agency to jump start your marketing campaign. You’ll never know how effective a strategy can be if you haven’t at least tried it.

[ad_2]

Source link

Filed Under: Biz Opportunities

What is a Freakshake and How Can It Be Used to Market Your Small Restaurant?

April 22, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Should You Add a Freakshake to Your Restaurant Menu?

Have you heard of the Freakshake trend? Freakshakes refer to huge milkshakes loaded with ice-cream, cream and flavored sauces. But they also include unlikely ingredients. Think donuts, cake, biscuits, brownies and other sweet delights. Freakshakes have become huge in the food service industry.

Small restaurateurs should consider capitalizing on the freakshake trend. Put this deliciously popular type of milkshake or dessert on your menu?

What is a Freakshake?

Want to create a Freakshake for your small restaurant? Fill a large glass jug with a luxury milkshake. Make this with ice cream and chocolate, strawberry or another flavored sauce. Then pile up goodies that look as delicious, striking and ‘sinful’ as possible.

These goodies include cake, donuts, waffles, marshmallows, fruit, chocolate and more. Then throw a handful of sweets on top for good measure.

Want to know how far the freakshake phenomenon has gone. Well, some restaurants even offer savory freakshakes. And they include ingredients like cheese and pulled pork replacing donuts and waffles.

Where Did Freakshakes Originate?

This high calorific dessert supposedly originated in Australia in 2015. A café in Canberra seems the likely creator of the drink.

The savvy café owners in Canberra designed the freakshake for a very specific purpose. They were created to be “so ridiculous and over-the-top that people just had to take a photo of it before they ate it.”

Thanks to the sharing power of social media, these oversized, ultra-sweet milkshakes quickly became a global sensation, with cafes, restaurants and customers delighting in sharing their freakshakes to followers, and the more flamboyant, striking and gastronomically sinful, the better.

Freakshakes and Instagram

These brightly-colored edible creations are made to be photographed and shared around the world on social media, with the photo-sharing portal Instagram being a favorite channel for restaurants and freakshake-happy customers to share their freakshake images.

View this post on Instagram

Fridays are for #freakshakes Cheers to the weekend @ree7amsterdam ? #amsterdamfancyfood

A post shared by Amsterdam Fancy Food (@amsterdamfancyfood) on Apr 5, 2019 at 5:32am PDT

A mere search of #freakshake on Instagram brings up more than 50,000 posts, each trying to outdo each other on the flamboyant stakes.

View this post on Instagram

SMORELICIOUS vs COOKIE MONSTER ???? if you HAD to choose, which one would you go for?! ?

A post shared by Snowopolis (@snowopolisco) on Apr 16, 2019 at 10:30am PDT

Rather than being pictured toasting with a glass of bubbly or a pint of beer, social media users are posting pictures of themselves raising their freakshake glasses, accompanied with their location in the world and often the name of the establishment that has served them the delicious freakshake.

The Opportunities of Freakshake Marketing

It’s not uncommon for the biggest, boldest and most daring of freakshake posts to go viral. The trend to share images of outstanding freakshakes on social media presents a wealth of marketing opportunities for restauranteurs, cafes and ice-cream shops.

Serving over-the-top freakshakes to your customers will encourage them to share the mouth-watering milkshake/dessert that lies before them on social media, meaning your creation is shared around the world and could event go viral.

Boost Your Restaurant’s SEO

Research shows that around 126,000 Googles searches are made for ‘freakshake’, meaning if your website, online menu, social media profiles and other digital entities includes the word ‘freakshake’, your rankings on search engines like Google could significantly improve, helping you pull in more customers as a result of your freakshake marketing.

As well as being a powerful marketing force for ice-cream businesses, cafes, restaurants and bars around the world, the great thing about freakshakes is they’re not difficult, too timely or expensive to make.

All you need is plenty of ice-cream, cream, sweet sauce, sticky sweet treats, sugar, sweets and whatever other deliciously sinful treats tickle your fancy, thrown in with some creativity and daringness and you’ll have a masterful culinary creation your customers will love you for.

Given the popularity, trendiness and potent promotional potential of freakshakes, ask yourself – is a freakshake something your business can afford to ignore?

Image: Depositphotos.com

This article, “What is a Freakshake and How Can It Be Used to Market Your Small Restaurant?” was first published on Small Business Trends



[ad_2]

Source link

Filed Under: Strategy

How a Million-Dollar Deal Helped These Coffee Entrepreneur Brothers Partner With Walmart

April 22, 2019 by Asif Nazeer Leave a Comment

[ad_1]

The Barrow brothers, owners of Denver-based Boyer’s Coffee, recently launched an exclusive line for the retail giant.


April
22, 2019

3 min read


When Walmart wanted to launch its own version of packaged third-wave coffee, it sought out the Denver-based Boyer’s Coffee, run by brothers Douglass and Jason Barrow. The brothers traced this win back to a success it had more than 10 years prior that laid the groundwork for the partnership.

In 2005, both brothers worked for corporations — Jason for General Electric and Douglass for ING — and then got the entrepreneurial itch. With their mutual love of coffee, they purchased a roastery called Luna. Their first big success would come soon, but it wasn’t under their brand’s name — rather, they got a deal for a private label with Schwan’s, the frozen food giant.

Related: The Story Behind the Coffee Company That Fuels Google, Microsoft and Facebook

“We basically took our brand story of ethically sourced, socially responsible, roast order coffees and we applied it to a Schwan’s private label,” Jason said. “What that ended up doing for us was it brought our first million dollars of revenue in very early. Our strategy has always been to get into the C suite and influence top down.”

With that infusion, the Barrows were able to invest significantly into their business.

“We literally built upon that deal every day of the week, because that big deal required us to get certifications that only Starbucks and Folgers would hold, like USDA organic certifications and safety and handling certifications,” Jason said. “It required us to get investors to put in millions of dollars into infrastructure that we needed.”

Image Credit: Courtesy of Boyer’s Coffee

The brothers would expand their coffee empire, purchasing Boyer’s as well as Boulder Organic Coffee and online retailer Boca Java. Before the Walmart deal, their coffees had been sold in about 700 stores. Its footprint is now around 1,300 stores with the addition of Walmart.

“Having a strong brand as a small producer lets big companies look at you and say, ‘What you can do for me?'” Jason said. “It was incredibly important to think at the C-suite level in this case,” adding that they created the Walmart exclusive Mash-Up Coffee based on how the retailer would market a third-wave coffee to its consumer.

Related: How This Coffee Startup Rocketed to National Retail Within a Few Months of Its Launch

Mash-Up Coffee blends coffee beans from two countries, such as Colombia and Sumatra. Each bag features a QR code that customers can scan to learn ideal food pairings and preparation methods. That’s part of an effort, Douglass said, to make quality coffee more approachable for the average consumer. The brothers also want to educate customers about the origins of their cup of joe.

“The U.S. coffee consumer doesn’t really understand the plight of the farmer,” he said. “One of our big challenges is trying to tell that story and connect the dots between the people that spend a lifetime growing the beans and the people that grind it and brew a pot at home.”

[ad_2]

Source link

Filed Under: Entrepreneur

How This Croatian Basketball Player Made His NBA Dream Come True

April 20, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Ivica Zubac, center for the Los Angeles Clippers, talks about his path from Croatia to the NBA.



[ad_2]

Source link

Filed Under: Entrepreneur

This New York City Beekeeper Wants to Make Honey a “Super Super Food”

April 19, 2019 by Asif Nazeer Leave a Comment

[ad_1]


April
19, 2019

5 min read

Opinions expressed by Green Entrepreneur contributors are their own.


For seven years, Igor Yakovlev made a living as an urban beekeeper selling his honey at local farmer’s markets and independent stores in New York and New Jersey. “I got into the business because I was always interested in honeybees and helping people and the environment,” he says, noting that, “seventy-percent of our ecosystem is pollinated by honeybees” and touting the health benefits of honey.

Related: Call Them Canna-Bees. How Cannabis Helps Bees and Vice Versa.

In recent years, Yakovlev, like many, began hearing about the medicinal properties of CBD. “I started doing research,” he says, adding that he was inspired to find a way to up the healing properties of his products by infusing them with cannabidiol oil. “I thought, what if I could make my honey a super, super food?” he says.

Here’s how he got the business out of the hive and into the market.

Know your strengths and weaknesses

Yakovlev knew he wanted to branch out, but he also knew that he was not a businessperson. So, he sought out childhood friends Sam and Boris Savransky, who both had lucrative backgrounds in e-commerce. The brothers came on board bringing the funds needed to get the company off the ground. In 2018, Hempme was born.

Each partner in the company has a different role. “I do the production, Sam does the marketing, and Boris does all the logistics,” Yakovlev explains.

Find the best source

Yakovlev began searching for CBD partners and came across several industry hemp growers in Colorado, Oregon, and New York. “I ordered samples of different oils to play around with, to see what tasted better, what looked better, what was the best type of oil for the honey,” he recalls.

The founders started with a CBD isolate, generally accepted as the easiest to blend with a food product, but they quickly realized the formulation wouldn’t offer the benefits they were going for. “We wanted people to experience the full entourage effect so we started doing a full CBD full spectrum, a whole plant,” Yakovlev explains.

Get the process down

Next, Yakovlev had to master the process of getting the honey just right and making their product stand out from competitors. “Hempme is special because we use a special process where we cream the honey, which many other companies do not do,” Yakovlev says. This is a combination of liquid and crystalized honey placed into a machine and spun for two days before the extract is added. This process, according to Boris, also helps to ensure that consumers are getting an even distribution of CBD with each use.
In addition to its cinnamon-flavored Creamed Honey, Hempme also offers a CBD honeycomb “straight from the hive,” as well as pain-relieving Hemp Balm.

“We use our own harvested honey for those. They are our staple,” Yakovlev says, the latter of which has been popular among athletes and UFC fighters. Floyd Mayweather’s personal bodyguards, for instance, have written in to rave about reduced joint pain and deeper sleep as a result of the products. HempMe’s catalog also includes full spectrum lip balm, and water-soluble full spectrum oil tinctures.

Image Credit: HempMe

Get yourself to market

Once the inventory was ready and third-party lab approved, the team dove headfirst into the task of preparing for retail in the spring of 2018. But it took a full nine months before they were able to secure an online merchant account and the founders were sitting on product with no way to legally sell it.

This delayed Hempme’s initial batch of sales until December 2018. “That was our first gut check,” Yakovlev adds. This threw their sales off course but the founders say if everything continues to go as planned; they should be fully profitable in 2020.

The second hurdle came in the form of realizing that mainstream platforms, like Facebook and Google, wouldn’t allow them to advertise in the traditional sense so they developed work-around strategies. For example, an ad for CBD honey would simply invite Facebook users to check out a new honey product that people are raving about. The ad wouldn’t mention CBD at all. The viewer would learn the secret ingredient is CBD later in their customer journey. 

Related: How to Finesse FDA Regulations and Successfully Market Your CBD Business

Word of mouth is also important. “We reach out to people online organically who are basically sharing that they are dealing with specific ailments and we get in touch, telling them about our product, and explaining how it can help,” Yakovlev says.

Gather research to back your case

Another challenge is the lack of research on the science behind CBD. For the time being, the team is referencing studies that highlight the antibacterial, anti-inflammatory, and antioxidant properties of honey and plugging the benefits of CBD though antidotal evidence and feedback they have. Many of their users, for instance, have claimed to be able to have improved sleep and reduced anxiety after taking a spoonful of their trademark CBD-infused honey.

Hempme is currently sold online. Going forward, the company hopes to broaden its reach and land in retailers like Whole Foods, CVS, and Walgreens but right now, the main goal is to educate the community on the benefits of their CBD products. “We offer a free dosing guide on our website to help clear up any confusion about this,” says Yakovlev. And new and improved products are always on the docket. Yakovlev, for instance, is currently experimenting with an ultrasonic homogenizer, which he says hopes will double the absorbability of topical CBD products.

Related: How Cannabis Ecommerce Challenges Are Driving Web Innovation

[ad_2]

Source link

Filed Under: Entrepreneur

50% of Small Business Owners Saw a 10% Tax Bill Decrease in 2019

April 19, 2019 by Asif Nazeer Leave a Comment

[ad_1]

Small Business Optimism is Falling

Half the respondents to a new survey saw their tax bill drop. Some tout the 2017 Tax Cuts and Jobs Act as a reason. Another equal amount reported their tax bill remained the same.

The Q1 2019 Vistage CEO Confidence Index also found a small percentage of respondents saw increases in their taxes.

Small Business Bullish

Regardless, small businesses remain bullish. And hiring and recruitment efforts go on, according to the research.

Small Business Trends contacted Joe Galvin. Galvin served as Chief Research Officer at Vistage. And he talks about key takeaways from the study.

Galvin started by telling us that the recent findings mirrored a previous survey. And also explaining the lukewarm response to the legislation.

Universal Return

“One of the most interesting findings was that the Tax Cuts and Jobs Act hasn’t necessarily provided the universal return it was supposed to, as 49% of CEOs surveyed said their tax bill remained the same and 8% saw an increase,” he wrote in an email. “From a similar survey we conducted earlier this year, 57% of CEOs said the Act had no impact on their hiring, business investment, or sales.”

Small Business Optimism is Falling

There were other finding relevant to small business owners.

The research also found that optimism has fallen to a point lowest since the 2016 presidential election. The Q1 index reported that only 14% of SMB’s were predicting economic improvements in the near future.

Balancing that finding was the 70% who were nevertheless expecting revenue gains and the over half who felt that profits were going to increase.  Galvin explains:   

“Part of the driver of revenue growth is the focus on expanding to new markets, acquiring other capabilities, and introducing new products and services.”

Favorable Expectations

He also pointed out there were leap frog type effects.

“ The favorable expectations for revenue and profitability in turn positively impact expansion plans; 41% plan to increase investments and 59% plan to increase their workforce in the coming year.”

Overall, the survey underlines SMB disappointment with the Tax Cuts and Jobs Act even though small business enthusiasm hangs on from previous data.

Economic confidence spiked in Q4 2017 partially based on possible savings anticipated from the act.  Galvin says that in Q4 2017 the Vistage CEO Confidence Index expectations about profits were close to a 10 year peak.

Fast Forward

“Fast forward to our most recent survey conducted last month,” he writes. “In the Q1 2019 CEO Confidence Index, increased profits were anticipated by 58% of CEOs, down 8 points from last year’s 66%.”

He offers some suggestions for small businesses to come out on top over the next 12 months including keeping an eye on KPIs in the event of a slowdown. Managing money was also high on the list.

Financial Management

“Financial management and cash/capital were identified by CEOs as their top priorities for managing the business in 2019 in anticipation of the slowdown,” he says . “Growth minded SMBs will cautiously manage their money through the slowdown as no one knows how low it could go, while at the same time realizing their plans and investing for growth.”

The Q1 2019 Vistage CEO Confidence Index included answers from over 1,700 CEOs from small and midsize businesses. It was taken March 4-11.

Image: Depositphotos.com

This article, “50% of Small Business Owners Saw a 10% Tax Bill Decrease in 2019” was first published on Small Business Trends



[ad_2]

Source link

Filed Under: Strategy

  • « Previous Page
  • 1
  • …
  • 99
  • 100
  • 101
  • 102
  • 103
  • …
  • 172
  • Next Page »

Sign up for our newsletter and receive a free EBook on how to boost productivity






Find it

Blog By

Small Business Consultant and Accountant helping grow your small business Read More…

Follow us online

  • Email
  • LinkedIn
  • Twitter

Recent Posts

Unlock Small Business Triumph: Your Definitive Guide to Success

Small Business Topics: A Comprehensive Guide for Success As a … [Read More...]

  • Why the F&B Sector Needs Streamlined Payment Methods – Business
  • The Rise of AI in Ecommerce Outsourcing – Ecommerce
  • The Benefits of Turnkey Tech Solutions for Forex Brokers – Business

Archives

  • December 2024 (1)
  • March 2024 (2)
  • February 2024 (3)
  • January 2024 (1)
  • December 2023 (3)
  • November 2023 (1)
  • October 2023 (3)
  • September 2023 (6)
  • August 2023 (1)
  • July 2023 (5)
  • June 2023 (16)
  • May 2023 (1)
  • April 2023 (2)
  • March 2023 (4)
  • February 2023 (2)
  • January 2023 (5)
  • December 2022 (5)
  • November 2022 (8)
  • October 2022 (7)
  • September 2022 (6)
  • August 2022 (6)
  • July 2022 (13)
  • June 2022 (11)
  • May 2022 (7)
  • April 2022 (8)
  • March 2022 (12)
  • February 2022 (8)
  • January 2022 (11)
  • December 2021 (9)
  • November 2021 (10)
  • October 2021 (11)
  • September 2021 (3)
  • August 2021 (10)
  • July 2021 (12)
  • June 2021 (5)
  • May 2021 (10)
  • April 2021 (17)
  • March 2021 (40)
  • February 2021 (39)
  • January 2021 (58)
  • December 2020 (66)
  • November 2020 (59)
  • October 2020 (34)
  • September 2020 (47)
  • August 2020 (37)
  • July 2020 (2)
  • May 2020 (1)
  • April 2020 (1)
  • March 2020 (33)
  • February 2020 (25)
  • January 2020 (20)
  • December 2019 (27)
  • November 2019 (28)
  • October 2019 (34)
  • September 2019 (38)
  • August 2019 (13)
  • July 2019 (44)
  • June 2019 (40)
  • May 2019 (58)
  • April 2019 (51)
  • March 2019 (43)
  • February 2019 (44)
  • January 2019 (43)
  • December 2018 (47)
  • November 2018 (43)
  • October 2018 (58)
  • September 2018 (44)
  • August 2018 (60)
  • July 2018 (49)
  • June 2018 (58)
  • May 2018 (54)
  • April 2018 (39)
  • March 2018 (46)
  • February 2018 (48)

Topics Covered

business consulting business growth business management business marketing business strategy business topics small business small business success small business topics

Biz Opps

[ad_1] Featured image by Blake Wisz on … [Read More...]

[ad_1] Are you looking for the best ways … [Read More...]

[ad_1] Featured image by … [Read More...]

Customer Focus

[ad_1] First published in Exchange, the magazine … [Read More...]

Entrepreneurs

[ad_1] Uptown Cheapskate is a resale … [Read More...]

[ad_1] A team of neuroscientists in the … [Read More...]

[ad_1] This article was translated … [Read More...]

Strategy

[ad_1] If you buy something through our links, we … [Read More...]

[ad_1] In helping celebrate Black History Month, … [Read More...]

[ad_1] ZOHO started its current Email Marketing … [Read More...]

Supply Chain

[ad_1] Although managing inbound shipping can be … [Read More...]

© Copyright 2015 iSmall-Business.net · All Rights Reserved · Powered by ISmall-Business.net · Admin