When I was in my 20’s I had a buddy who was a budding entrepreneur, and he had such an infectious enthusiasm for starting his own business that I’d often be persuaded to join him in his entrepreneurial exploits. For some reason we didn’t know at the time we nevar actually became the millionaires we believed we could be, and looking back now I can see why.

All of our business ideas centred around dealing in used cars, as we both worked in the automotive repair industry and knew the market, so that wasn’t why we failed. But when I look back at what we didn’t do I now know why we did. So here I’ll retell the story of our failed business, and maybe you will see where we went wrong.

It would always start with a phone call from my friend to tell me of a car the chief buyer at the used car lot he worked in had found at a bargain price that we could buy. We’d pool our resources, and buy said car, and spend the next week cleaning, fixing up and making good our business investment. We knew the resale value of every vehicle we bought and always had the opportunity to turn at least 50% profit, and we’d rub our hands together with visions of our profits. We would advertise the car in the top used car ads paper in the area and even pay the extra for the papers professional photographer to take some pictures. When the paper was published on a Thursday we’d sit by the telephone and wait for it to ring.

Usually by Saturday we’d had few calls and decided our price was too high, and lower it for the next weeks listing. Looking back this was our second business mistake, the first was our ad copy in the paper, it sucked and that’s why we didn’t get any calls, not because the price was too high. So once we had lowered the price we did get calls, and viewers for our now bargain priced car. Almost without fail these potential buyers would come and offer us a much lower price than we’d advertised, because they were mainly small traders who knew the business better than we did, and had spotted the same car listed two weeks, and the price drop, and knew desperation when they saw it.

Invariably by the third week of poor ad copy, price drops and failed haggling we would drop the price to the point where we would only just break even. Someone would get a bargain, which usually would turn up on a sales forecourt for even more than our first price, or worse for our battered egos back in the same paper we’d used for a higher price than we’d even dared to hope for, but would not be for more than 2 weeks.

And this was repeated many times over several years, with the same results for our grand auto business ideas, no sales, no millions and still repairing vehicles for someone elses gain.

Here’s where hindsight shows up our business mistakes.

1. Poor ad copy, we had no hope of getting any calls on our great cars with our very basic and uninspiring ads, even with a picture. The words just didn’t sell.

2. Price dropping, when you start dropping your price, your potential customers will see you don’t believe in your businesses products or services enough, and if you don’t believe why should they?

3. No business plan, although we had tons of enthusiasm we had no solid plans, even if our first car had sold we would have bombed because we had nowhere planned to go forward to.

4. Lack of professionalism, as well as poor ads in the paper our business suffered from the fact we were two enthusiastic amateurs, with no telephone manner, and poor salesmanship, we also lacked in confidence to hold up our prices and stick till it was sold.

5. Impatience, I firmly believe this is our biggest business mistake, and one I see all too often in online entrepreneurs. Impatience will stifle your business. The budding entrepreneurs that were my buddy and me didn’t want to wait for our profits, we wanted instant results, and that just doesn’t happen. Ask any “overnight success” and they will tell you they only acheived overnight success after years of trying.

6. Doing the same thing, and getting the same bad results. We never changed our routine, it didn’t work, but we kept following the same steps, and failing in the same ways. We should have been testing, and tweaking our sales techniques, instead we used the same ad format, in the same paper, and dropped the price in the same way every time.

So take a step back, and look at your business practices, can you see yourself making any of these mistakes?

Are you expecting instant riches from your business? Do you believe that dropping the price will get you more sales? Do you need to improve your ad copy? Does your business portray a professional image? Are you doing the same thing every time but expecting different results?

Be honest with yourself, look for the mistakes you might be making and don’t keep making the same mistakes every time. Hopefully you can learn a little from my business mistakes and turn your own business around to be what you want it to be this year.

A business venture can experience cash shortage or difficulty in being liquid even if it has receivables and steady assets that are more than its payables and other liabilities.

There are easy solutions to cash shortage just so a business enterprise can meet its short term obligations like payroll. Among these solutions include loans or short-term borrowing and factoring accounts. Factoring accounts can be done for accounts that are expected to be received by a company during a certain period.

A person who wants to avail of credit through the factoring of his accounts receivable must submit an application form which will then be reviewed by the agency concerned. Once approved, the applicant should consider the terms of the loan proposal and wait for a maximum of seven days within which the agency will con duct a credit investigation. The investigation will cover the applicant’s credit status, tax payments and liens as well as any pending criminal case.

After which, the applicant must submit the original invoices of services rendered or good s delivered. Once the invoices are verified, a fund amounting to about eight percent of the total invoice will be approved and advanced to the applicant. The balance will be held until the invoices are fully paid.

Payments for services rendered and goods delivered will be sent directly to the credit agency which will in turn release the balance of the total invoice less the appropriate payments for their services.

Getting short term financing through factoring of the accounts receivable of a business enterprise can be easily availed of even through the internet. There are credit agencies that have made the process easier by making forms available online. By filling up the form online the applicant can have his accounts receivable assessed before he speaks to a credit representative.

Companies selling services ad well as distributors selling products are eligible for the factoring of their accounts receivable provided the services have already been rendered and the goods already delivered.

This method of accessing easy funding is commonly used by trucking companies who have thousands of accounts receivables in the form of freight bills. However, these companies have to pay their truckers as well as pay business overheads so they cannot wait for a month or more for these bills to be liquidated.

Factoring is an easier way to get additional funding for business compared to the traditional financing methods which require lots of paperwork and long waiting periods. With a meager amount deducted by credit agencies from the invoices, usually one to six percent, small business can already add to their cash flow and can run their businesses efficiently.

Am I alone in being frustrated on an almost daily basis when dealing with suppliers? I’m convinced the ‘who cares’ attitude is spreading like an epidemic. Let me give you a quick run down of just one of this week’s fiascos to demonstrate what I mean.

A package from one of my suppliers was overdue for delivery from a well known courier company, even though the tracking showed that it had been sitting on a shelf in the local depot for several days. Now, I live in a reasonable size city, Salt Lake City in fact, which has a decent size population and infrastructure &ndash heck, there’s even an IKEA, and there ain’t many of those across the U.S. I’m not talking about Barstow here (no offence to Barstow readers, I’m not picking on you, I promise).

Anyway, so I get on the phone with the ‘customer service’ advisor who tells me that they only deliver on certain days of the week - I’m serious! Apparently however, I’m permitted to trudge the 15 miles out there to collect the package if I want it before they were ready to find a slot in their random delivery schedule.

I considered pursuing the line of reasoning that since I’d paid for two day shipping, I’d kinda’ hoped that I’d see it within 2 days of ordering, but I thought better of it. I didn’t want to appear unreasonable or demanding. Instead I bit my tongue and dutifully trotted off down to the depot and stood my turn in line until permitted to utter my request.

Not much to do while waiting, other than eavesdrop on a phone conversation between a customer and a ‘support’ rep. Obviously I couldn’t hear the customer, but fortunately in this instance, the rep had a habit of repeating the caller almost verbatim, which under normal circumstances would have been highly irritating.

Anyway, I digress. This is how the conversation went:

“So you’re saying that the driver threw the box over your fence, is that right?”

(customer replies)

“Well, obviously I wasn’t there, but I’m sure he just wanted to make sure the package was hidden from the view of any passers by.”

(customer replies)

“Oh, you’re saying the fence is 7ft high?”

(customer replies)

“And the antique set was smashed?”

(customer replies)

“Mmm, that happens a lot. I hope it was insured.”

I’m not making this up, I wish I was. At that point I was feeling absolutely thrilled that I’d escaped with only having to go outside in the freezing cold in the middle of the winter and drive 15 miles - it was a relief to know that I’d intercepted the sequence of doom, before my box had got to the throwing over the fence part.

I got my box, and little did it know that it had been spared the physical trauma that apparently was a standard feature. I didn’t even throw the box away after emptying its contents, it seemed cruel, it needed protecting…

Okay, so I got a little carried away, but actually I’m deadly serious about the lesson here. Customer service is such a rare commodity that it’s in danger of becoming extinct.

Let’s face it, the times when we experience great service with a smile are now so rare that we tell everyone, and they’re suitably impressed.

If providing outstanding customer service and keeping customers happy is a high priority for you and your staff, you’ll immediately put your business a giant leap ahead of all your competitors. It’s such a ridiculously simple principle to comprehend, but sadly many more overlook it than ‘get it’. Be one of the ones who gets it. Give it time and your business will explode over the long-term, I guarantee it.

It may be easier to ask how could people not love the reverse funnel system? The reverse funnel system makes people a lot of money, it made me enormous amounts of money in a short period of time. The reverse funnel system is constantly working, and it is working for you! Therefore the reverse funnel system is your friend… people love their friends.

I love the reverse funnel system. It made me almost thirty thousand dollars the first month I became a part of the system. Never before in my life have I been as grateful for an internet marketing system as when I was introduced to the reverse funnel system. It has done things for me that none of my closest friends would… it has given me thousands and thousands of dollars.

Therefore, I have concluded that anyone who loves money and wants financial freedom will love the Reverse Funnel System.

Any one who wants to control their destiny and become part of a successful team that cares about their teammates loves the reverse funnel system.

There are all types of niches too get involved in throughout the internet and I have been around the block quite a few times. I have also had quite a few encounters that have which I will admit have blossomed into strong affections but nothing has treated me as well as the reverse funnel system.

People love the reverse funnel system because it works so well for them. It gives them the financial freedom to carry out their dreams and works for them while they sleep so they have time to give birth to new dreams.

Having a business plan is a very important tool in business, however there is no point having a fantastic plan and then hiding it in your bottom draw.

A business plan is simply a written plan that incorporates the many aspects of your business, for example; financial, marketing, short and long term goals, time appreciation.

A business plan will give a business owner a good idea of how much investment is required in specific areas of the business. If you are thinking about requesting financial assistance from a bank, a business plan is a must. A good business plan will demonstrates the amount of money needed to spend on specific requirements at the right time.

Good business plans will also include the quality and rate of raw materials used, the cost of advertising, the prospects of importing or exporting and transportation requirements. The plan can also deal with partners, staff requirements, legal, insurance and training. In fact the list can be endless.

Many people enjoy the challenges of setting up a business, however within a short space of time they look to sell on the business for a profit. These people are able to do this because they have structured business plans that they work to.

If you require any help or advice on business planning simply email infobizseller4u.com.

.bizseller4u.com

Simply because the Reverse Funnel System does exactly what it’s suppose to do. The Reverse funnel system is an expert system designed by expert internet marketers to automate the building of a highly profitable internet business.

The reverse funnel system allows entrepreneurs and marketers to do nothing other then focus on traffic generation. That way you don’t have to spend countless money, hours, and time developing offers that can prove to convert at a decent rate.

The reverse funnel system has ALL of that created for you. That’s why the reverse funnel system is breaking records throughout the internet marketing community.

There has NEVER been a system designed that converts as high as this system does. The entire system was designed by expert copywriters, for over $25,000 per page. This system has allowed average people to take advantage of systems, copywriting, and a funnel process that they normally never would have access too.

Because of this, many entrepreneurs from all over the world have created more full time income from home using highly converting systems like this then has ever existed before. Any one who is truly interested in marketing, needs to focus their attention on marketing a funnel that CONVERTS the highest based on the traffic you run through that funnel.

This simple equation is the key to getting paid the most for what your effort and energy is worth. If you affiliate marketers and entrepreneurs keep promoting products that have low conversions and low commissions, they will continue to limit the amount they could actually be making for that same marketing effort.

Ever thought of starting your own fashion business?

If you answered yes, try to buy wholesale clothing before starting your business. Buying Wholesale clothing branded or not branded, can give you great discounts and resell them with high profit margins. Buying wholesale clothing can give you many benefits as a businessman.

Businessmen who buy wholesale clothing and resell them at a bargain price can accumulate huge profits from their customers. This is because they can get their products at a very cheap price. They can get their products with discounts for as high as 70%.

With today’s economy, many people opt for cheap clothing to save money for other important purposes. You can take advantage of the poor economy by selling cheap clothing. You can put up a one dollar store where all items of clothing can be sold for a dollar. This store can really give you high profits if you do it right.

This strategy is only the first. You can also sell your wholesale clothing products on the internet. You can register at an auction website where you can display your products and wait for people to bid. Just imagine, starting your clothing bid for one dollar can go as high as ten dollars. Remember, this is just for one item.

Try selling on a flea market. This is where most people buy cheap clothes. Sell your products at a cheap price. Many people like it cheap and fashionable. Besides, who wouldn’t want to get great quality and fashionable clothing at a cheap price?

To be successful in the clothing business, you should first search for wholesale clothing dealers that offer great discounts for their products. If you found one, you should first take a look at their products to ensure the quality. Also, make sure that the clothes designs are what people are looking for. A great way to do this is to base your search on what you see in the streets. Determine what clothes designs people likely wear. It is also a great way to look for designs that famous personalities wear. Remember that actors or actresses are trendsetters; many people would really want to copy how their favorite actor or actresses dresses.

Remember, people are choosy on what they wear, and some people cannot afford to buy expensive branded clothes, so their next option is to buy cheap clothes that resemble what the branded clothes looks like. The designs of what you sell can determine your business’s success.

It is up to you to determine what type of clothing you should buy from wholesalers. You can either buy men’s clothing, women’s clothing, kid’s clothing or all of it for you to resell them at a much cheaper price.

However, there are many other businessmen in this business. Chances are, you have many competitors in this business that have the same idea as you. The best way to compete with them is to sell cheaper clothes. Find a wholesaler that sells clothes cheaper but has great quality and has designs that people want to buy.

Another strategy to compete with other clothing businesses is to have a promo of “buy one, get one free”. With wholesale clothing, this is possible. You can afford to give away one clothing for every purchase because of the cheap price of acquiring your products. Be sure that you have the numbers right before making this offer.

Make sure that you do not run out of products, it is important that the wholesaler is near your area where you sell your products.

Buying wholesale clothes is a great way to start your very own business.

Genewize life sciences is a new division of a company called GeneLink, which is a 12 year old Nutritional Research and Development company in the area of genetics. For the last 12 years Genelink has been developing processes, and procedures in the area of integrating nutrition and genetic research.

They have truly made some AMAZING break throughs in this time period as well. For instance, as far as I know they are the ONLY company existing right now that is customizing nutrition to people’s actually genetics, and personalizing nutrition to their lifestyle.

Genelink has created a process where they use 98 ingredients in over 177,000 different ways to customize nutrition to each person’s Genetic code. By taking a saliva sample and assessing DNA, genelink can form a profile for each person…and then match nutrition to their particular profile.

This is obviously a HUGE breakthrough in nutrition and genetics, and is perfectly poised to capitalize off the rising wellness trends and demand for personalized nutrition.

Because of this, Genelink formed a network marketing division of their company called GeneWize which is going to be the marketing force that brings their incredible product to market.

Genewize, backed by this much awesome science and research, poised in the market as they are now, is positioned to capitalize tremendously off the trends happening in our economy right now. There will be many people who create tremendous success as GeneWize expands and brings its product to the world.

Outsourcing of jobs to offshore companies has been a hot-button issue since the 1960s when the United States began losing automotive manufacturing jobs to Japan. In recent years, the outsourcing of technical jobs has revived the debate which became one of the top issues in the 2004 presidential campaign. However, actual facts and statistics about the effect of outsourcing on the American economy are hard to come by. Rhetoric, not facts, dominate the discussion of whether outsourcing has an effect on the economy.

There is a serious dichotomy between the beliefs of average Americans and those of economists and other experts. For example, a Zogby International Poll showed that 71% of Americans believe that outsourcing hurts the economy but when the Wall Street Journal asked the same question of economists, only 15% felt that outsourcing had a negative effect.

Opinions on outsourcing tend to be divided by economic status rather than political persuasion. For example, some Republicans in the House and Senate believe that outsourcing has a terrible effect on the economy and that legislation should be enacted to stop it. However, conservative think tanks like the Heritage Foundation and Republicans with ties to big business believe that the threat of outsourcing has been over exaggerated.

Liberals are also divided about outsourcing. The Democratic party has traditionally been the party of labor in the United States but it was a Democratic president, Bill Clinton, who shepherded the North American Free Trade Agreement through Congress, a treaty which most experts agree facilitated the current outsourcing trend.

For every argument for outsourcing, there is another argument against it. For example, the Heritage Foundation argues that despite outsourcing more Americans are employed than ever before and that jobs continue to be created to compensate for those lost overseas. Anti-outsourcing advocates point out that gross wages are dropping because the jobs that are being created are low-level service sector jobs, not high-tech jobs to replace the ones that are being lost.

The Heritage Foundation, citing the Organization for International Investment also argues that for every job outsourced, another is “insourced” to the United States from another country, often at a higher rate of pay than the job lost. Anti-outsourcing advocates say that those numbers can’t be accurately verified.

What is clear is that until the federal government conducts accurate research into the effects of outsourcing on the United States economy, there will be no definitive answer one way or the other.

We’ve all heard about the importance of offering a product or service that is a good value. The better the value, the more sales you will make and the more money you will earn.

Sometimes good value can be based on a low price, or finding an otherwise hard-to-find product or service. Good value can have more to do with customer service or service after the sale.

But how about this one: the best value comes from a product or service that makes you FEEL good. Think about it for a minute.

McDonalds and Burger King became restaurant giants not so much because they produced food at low prices, but because customers felt good when they ate there. Those companies earned some of the largest fortunes in the world based on the simple principle that millions of people had a good time and really enjoyed themselves when they visited their restaurants.

There are a lot of products or services that provide a good value, but the ones that make us FEEL GOOD are the ones we’ll buy time and time again.

When you search for a new business opportunity or new product or service to sell, consider how the product makes people feel. Does it give them a energetic lift? Does it boost their spirits? Do they feel good after using your product or service?

Answer “yes” to those things, and you’re well on your way to earning nice, consistent profits.

Also make sure your product or service is unique. Yes, there may be other products in the same category, but make sure yours is different from the others in important ways. It can me more potent, more powerful, less expensive, more natural, or a host of other positive factors.

Emotion is probably the most effective factor in marketing. Sell a product or service that affects customers’ health, mood, and general well being and you’ll have a winner.