Insights, Ideas, Results
Markets come and go. As technology advances and people adapt to utilize better alternatives that are available, the parts of the market that cannot adapt to the changes will be left out. There are few examples of parts of markets dying due to changes in technology: the emergence of plastic and low cost bedroom furniture, versus traditional wooden furniture, VHS tapes and cassettes to CDs and DVDs, and CDs losing to MP3 players, to name a couple of examples.
Tech entrepreneur Agam Berry recently took time out of his busy work schedule to share some of his insights about small businesses and vertical integration. It is a topic that he is very familiar with, so getting insight from him should be helpful for many different types of people. He has about a decade of experience in this field, and it is something he is very passionate about. Here are his answers to some common questions.
At certain point, each successful business reaches a crossroads of sorts. When a business owner realizes that they’ve accomplished as much as they can in a local market, they then face a big decision: to expand or not to expand? Of course, growing a company in order to reach new heights is a potentially lucrative investment. On the other hand, though, plenty of entrepreneurs have found expansion to be a troubling and costly process. With that in mind, today we’ll focus on how you can effectively move your budding enterprise into new locales –– without suffering some of the common pitfalls associated with small business growth.
Before investing in any business, it is important to know that not all businesses you invest in will stand the test of time. Many people are afraid to invest in any business because they are afraid of the risks that come along with it. Take that leap of faith and you might be surprised by the outcomes of the decisions that you make. There are a few ways in which one can invest in their new business. They include:
Today, we look at some of the UK’s top franchises, how they got there and what we can learn from them. It’s easy to see that franchises are popping up everywhere – that’s the whole point of them.
Whether it’s a fast-food establishment, an automotive company or a chain of pubs, many business hopefuls use franchising as their route to market. In fact, there are currently over 120 industries that have franchised companies, with the franchisee normally receiving help with their site selection and development support, operating manuals, brand standards, quality control, training and business advisory support from the franchisor.
Are you looking for a reliable way to make extra money or a home-based business that’s easy to start? Consider going into the eCommerce business by drop-shipping supplements. You can do it without investing any money of front in most cases, and there are plenty of outlets online where you can put up a storefront in minutes.
Is drop-shipping the low-risk business model you searching for?
Do the ideas of seamless customer ordering and delivery appeal to your business sense?
So, what is dropshipping? Drop shipping means you take orders on your website, including payment; you then order those goods from your supplier, paying the wholesale price using the money your customer has paid you.
That’s it. Your supplier sends the customers’ purchases directly to them: You never handle a stamp, packaging, or the order.
This flowchart from Oberlo explains how drop shipping works visually.
STEM (Science, Technology, Engineering and Mathematics) is a massive, multi-disciplinary field that ranges from the depths of the ocean to outer space — and everything in between.
And although advancing the human race might be more motivating for many STEM professionals than making money, it can be lucrative nonetheless. The sector’s full of successful firms with business offerings that can be simple and sophisticated.
If you’re thinking of launching your own scientific startup, here are six STEM firms that specialise for success.
As consumers at large are more comfortable than ever shopping online, the concept of going international is becoming less and less of a pipe dream for digital brands. Meanwhile, the growing global economy worth tens of trillions of dollars is a potential goldmine for businesses who can cover multiple territories.
Whether it’s someone working abroad in the United States to send remittance to South America or American expats living in Southeast Asia, the possibilities are potentially endless when it comes to how diverse any given market can be. This spells good news for businesses who can equip themselves to hone in on new target markets and expand into territories where competition is scarce.
That said, online businesses do need to tread lightly when it comes to doing business in a new region or market. After all, expansion can be the silent killer of would-be success stories that try to go through the process too quickly
As such, we’ve broken down four distinct expansion tips for online business owners who are mulling over the idea of entering a new market.
To have multiple streams of income, everyone says that you need to sell some sort of product online. While you may not have experimented with this, there are certainly over 100 ways to make money online. One of the options available is selling eBooks via various sites and online channels. You may not get rich with it, but selling eBooks online offers you a chance to create income for yourself, whether or not you have published an eBook before. If you are wondering about the various ways to make money by selling eBooks, then here’s how:
