Internet and Businesses Online: Internet Marketing

In this article I will cover. Why Branding is so important? What is branding? How to build an online brand and presence In today’s fast paced world of social media and information at our fingertips, being able to create an online presence is critical for your business. One of the best ways to attract clients … Continue reading “Internet and Businesses Online: Internet Marketing”

In this article I will cover.

Why Branding is so important?
What is branding?
How to build an online brand and presence

In today’s fast paced world of social media and information at our fingertips, being able to create an online presence is critical for your business.

One of the best ways to attract clients and build a customer base is to have a compelling and captivating online brand and presence.

Additionally, most people are tired of “old school” business building methods that involve pitching friends and family and hosting “home meetings” in your home.

Let’s face it people, this is the age of the millennials… everything is done online, including building a business. Yes, you can build a strong business without having a home party and harassing family and friends.

It is possible.

Why branding is so important?

I would like to share a story about a friend of mine that I think will answer this question. Due to legalities his name and the name of the company have been changed.

My friend Rob was involved in the network marketing industry promoting company X’s products. Rob didn’t understand nor was he taught to brand himself.

And, I didn’t understand what branding really meant as well when I first heard about it.

Anyway, back to the story. Rob promoted company X’s products, built a solid team and gained success within that company. Rob received all the bonuses, all the perks and income increased substantially. After all the success Rob retires from his day job, completely replacing and exceeding is current income. Rob is having great success and momentum is awesome, for years it continues.

Other business opportunities crossed his path, but he was so focused on ONE thing, dead set against looking at anything else. He didn’t even take the time to look into real estate or stocks because he was told to Focus on One thing until successful.

Even though he was having success, he still didn’t reach his goal, millionaire! So, he wouldn’t look at anything else.

He was focused.

Now don’t get me wrong I understand and follow one course until successful. I Am Focused! However, this is what I have learned… about this word FOCUS.

Yes, I focus on ONE project at a time. Finish that project and then move on to the next thing that needs to be done, and so forth. That is how I run all my businesses. I set up the time to work on that project, get it done, and move on to the next.

It is easier to list out everything you need to do, and then take 2-3 things that is the most important to get you to your goal.

Whatever you are focused on in that Moment… FOCUS!! 100% on it, complete it and then move on to the next task.

Don’t multi-task… you may feel ‘busy’ However are you being ‘productive’??
Are you completing any projects?

I know this goes against everything you’ve heard. Believe me when I learned this, I was like no way, I multi-task all the time… then I had to ask myself am I just ‘busy?’

I believe you can have it all and be successful with multiple business opportunities at your fingertips.

Why limit yourself?

Let me also give you the analogy about building a house.

You are the roof… can the roof stand with one side? No!

Anyway, back to Rob’s story…

It’s about 6 years later and Rob is just about to reach his ultimate goal in the company which is Millionaire!

Unbeknownst to Rob, company X is having legal issues and was forced to shut down all operations.

Now, what does Rob have left, besides a bad taste in his mouth, hopefully some money to invest, right!? He depended solely on company X for his financial stability. When you promote the company and it goes down, you go down with that company. Unless you’ve branded yourself.

As the saying goes don’t put all your eggs into one basket.

What is branding? or What is a Brand?

Branding… let’s look at Rob’s example: Company X is a brand, they want their brand promoted. Rob worked at building and promoting that company’s brand.

Example 2: Nike is a brand… when you or anyone else wear Nike, you’re promoting their brand.

A brand stands out, it is unique.

So, How do you build your brand and online presence?

Well, essentially you are branding yourself everyday, maybe on purpose or unknowingly.

Let us look at an everyday scenario.

> Every time you post on social media, and share posts you brand yourself.

> Every time you have a conversation with others you brand yourself.

What some people fail to see is that You are the Brand Already. Whatever company you work for, business you own… You are the job or business, without you that business doesn’t grow and neither does that job.

The business or work is an expression of you.

When you go on a job interview, what are you selling? You!

Think about it…

Business Financial Planning

Businesses often find financial planning a hassle. At the same time, it is critical to plan your finances well through the entire business cycle, be it before commencing, or after folding up (if you decide to merge or sell etc.) In truth, creating a financial strategy isn’t as tough as it seems to be. There are some steps which need to be kept in mind while planning your finances. Some of these steps are as listed below:

Establishing and defining the financial planner – client relationship
Gathering client data, goal – setting and expectation – defining
Analysis and evaluation of the existing financial status
Development and presentation of recommendations / alternatives
Implementation
Monitoring

It is important to note here that some of these steps will determine and influence the other ones. At the same time, some of these steps need to be carried out simultaneously. To understand these steps better let’s look into how each of these steps work.

Establishing and defining the financial planner – client relationship

In this step the financial planner, explains his / her services to the client. This means that they explain or document their responsibilities towards the project. Further in the same step he / she also chalks out the responsibilities of the client. The payment and terms and conditions are also negotiated in the same step and the time frames are negotiated as well. Decision making processes, SOPs, Specific Points of contact etc. are also decided at the same time.

Gathering client data, goal – setting and expectation – defining

In this stage the data related to the financial state of the client’s business is collected. The personal and financial goals are defined. A thorough SWOT analysis will also give an insight into the risk taking capacity and the estimated productivity of the business. This stage is actually where planner gathers all necessary information before advising the client anything.

Analysis and evaluation of the existing financial status

In this step, the client information is assessed and analyzed. This gives a clear idea about the current status and also helps in deciding what to do in order to achieve client’s business goals. Further, on the basis of the requested services, this stage may include the assessment of liabilities, assets, cash flow, tax strategy, investments, current insurance covers etc.

Welcome to Las Vegas

Las Vegas is a famous American city situated in the state of Nevada. It’s the largest city in the state and it’s widely known for its fine dining, shopping and gambling. Las Vegas was named the ‘World’s Entertainment Capital’ because of the numerous casino resorts. Other nicknames that this city got are the World’s Marriage Capital, the Second Chances Capital, Sin City and the World’s Gambling Capital.The fantasy-like atmosphere in Las Vegas is created by the giant and glamorous casino hotels. Their names evoke exotic destinations, mystery and romance.

Besides many casinos, Las Vegas also features numerous other attractions and sights. Go to the Fremont Street Experience. This is a pedestrian mall situated near the casinos. Every night you can see amazing multimedia shows on the canopy placed over the street. Another landmark is the Fountain Show from Bellagio. During the evenings, for 15 minutes, you can admire the ‘dance’ of these beautiful fountains. On Sunday and Saturday afternoons, the show lasts for an hour.

Las Vegas is known for their mega hotels…not just for casino play but also to stay and relax while you gamble and have fun! The question is not where do you stay but how do you get the best rates? Well, that is where HotelHut comes in. Booking online can be a tedious job because all those big popular online travel agencies are of no use. Their rates are basically the same and trying to find a discount can be a pain…unless you book thru HotelHut.com. HotelHut is a private membership hotel booking site offering their members deep discounted “unpublished” rates you’ll find nowhere else! Their Members can save up to 71% off retail!

Trolling Lake Michigan

There is no doubt that the Great Lakes are incredible fisheries. Thousands of people take to those lakes every year for a variety of fish. Lake Michigan is no different. There are many ways to catch fish on Lake Michigan. One of the best ways, though, is to always hire a guide.

There are many guides on the lake who specialise in different types of fishing. Look for a reputable guide who’s been working on the lake for a while and who can provide you with some references. Fishing Lake Michigan for the first time can be a daunting task. It can also be dangerous, if you have never fished big water before. Even the most seasoned of anglers pick up tips and trick from experienced guides. They understand which fishing lures are catching fish and where and how to use the most effectively.

Trolling is one way to catch fish on Lake Michigan. This requires knowing the depths at which the fish are holding and also the speed at which the fishing lures will work the best. The speed and depth of the fish will depend on the recent weather, the time of year, and the water temperature at various depths, among other factors. The fishing lures that worked on Lake Michigan in the spring may not be the same ones that will put fish in the boat in the fall.

Why a Business Directory Listing Can Be Beneficial To Your Business

Online business owners know the importance of staying visible, especially considering just how much competition there is on the internet. One of the best ways you can choose to improve your online presence and visibility is business directory listing. When your business is listed on a web directory, then you have increased visibility on the search engines. Fortunately, there are free directories you can get listed on to enjoy the visibility advantage and many other benefits.

1. The directory listing reaches new investors and partners, expanding your business in the process. The truth is that when investors are looking for businesses they are interested to work together with, they will turn to the business directories first. This means if you are listed, then your chances of finding good partners and investors are highly increased

2. Web directory listing makes your business easily accessible because of the improved online visibility. Customers conducting local searches will easily find you in their results and this will definitely be good for your business. When the business is listed, a huge number of potential customers who were not aware of your existence finally become aware and this gives you an advantage as a business.

3. When you list your business, you also get the chance to give your customers the full details of the local business. The good thing about the directories is that they offer you the chance to include all important details like your business location, types of services offered, product name and your contact details too. It also offers you an easy way of driving them directly to your business website because you can include a URL link in your contact page or road map. It simply grows your market reach raising your profit scale margin considerably.

4. A good web directory listing will also offer you link popularity in that you get to enjoy quality, relevant and many inbound links from different other websites. This is very important when it comes to improving your search engine rankings. When you choose a good directory, you improve link popularity of the website and this will help you draw continuous and valuable traffic.

5. It is also made possible for your business to generate targeted traffic when you are in a business directory. This is because submissions to the directory expand the business website and this in turn drives the high quality traffic flow from users most interested in the services you have to offer. Proper listings ensure that you only attract traffic that will be converted as you wish for it to be because you attract only those truly interested in what you are offering.

Business Financial Analysis

Planning and Control are the two most important ingredients to a Successful Business. A Business Plan takes most of the guess work out of Business Strategy and Control through solid Financial analysis. Financial Data provides a way to gauge where you are in your Strategic Plan, telling you where changes in your Plan are necessary. Because of this, Financial Data Analysis and Management are vitally important to running a successful business.

It is extremely important to have a suitable Accounting System installed throughout your business so data acquisition is easy. You cannot manage your Business for Profitability without a good Accounting System. My CPA has a bookkeeper who comes out to the business to help install the Accounting System and show us how to work it. All of this is done with the guidance of the CPA but at a fraction of the cost. A good Bookkeeper is invaluable in helping capture Financial Data. Having an established working Accounting System in place will minimize the fees a CPA charges to analyze your tax liability and prepare your tax returns.

An Accounting System is typically built around the following key Financial Management tools:

– Income Statement (Profit & Loss Statement)
– Cash Flow Statement
– Balance Sheet
– Budget
– Breakeven Analysis

By having a Financial Management system in place, you can easily identify early warning signs or spot particularly profitable areas. Not having a system in place to analyze and organize Financial Data makes it impossible to effectively manage, grow and control a business. It makes it impossible to gauge the success (or lack there-of) of your Planning and Strategy. Moreover, used incorrectly, inaccurate Financial Data can be disastrous for a company’s livelihood.

An Accounting and Financial Management System is only as useful as it is used systematically throughout an entire business. It is extremely important to implement the system into the very fabric of the business and be used systematically. The Accounting System is a reflection of the health, or lack thereof, of a business and from which business decisions are made. Make sure to set it up right, train your people on it and most importantly, use it!

Two principal objectives of any business are to be Profitable and have Cash Flow to pay obligations. The Income Statement and Cash Flow Statement figure prominently in this area. The Income Statement represents how well a Company is operating, and the Cash Flow Statement shows how well a business is managing its Cash. Profit or Loss on one side and Liquidity on the other.

How Gardening Is a Lot Like Growing an Online Business

Most people would never think about comparing gardening with an online business, but in many aspects they are a lot alike.

If you can handle the array of puns that are coming your way, I think you will find this analogy rather informative. And the information will help you “cultivate” your business to a “budding” success.

1. “Growing” Your Business

First of all, growing your business is a lot like a farmer growing his crops. The farmer needs to first prep the soil, so that it can take the seeds.

In order to prepare the soil, the farmer may add cultivate the land, add fertilizer, and till the soil. This is what you need to do your business as well.

Many times, people try to start sending traffic to a funnel that is not fully set up yet. Think of the traffic like “seeds” and your funnel like the soil. When your funnel is not ready to go, sending traffic there will just be wasting your resources, or your money.

Issues like broken links, incomplete pages or author responder series, or poorly written copy are examples of non prepared soil in your garden.

2. Buy Top Quality “Seeds”

In this case again, seeds are your traffic, or the individuals you send into your funnel. First of all, farmers can obtain their seeds in two ways – either they have cultivated them from a previous harvest, or they can purchase them.

With your traffic, you are going to do the same thing. You can cultivate top quality traffic from your list that you are building, and send them into a new funnel and see what “blooms.”

Or, you can take the money and buy the best seeds you can. This means you need to buy traffic. (As you know, I always recommend paid traffic as it is scalable, but that is news for a different post!)

What defines a Good Seed?

Farmers know that the best seeds will produce the best crops. In your online marketing business, your traffic will need to be top quality as well. Because if you can get traffic that were former buyers, for instance, you know that they will produce the best results later on (cha-ching! Sales, that is!)

3. Water Your Crops

The third step of the hardworking farmer after soil prep and planting is to nurture the crops. If the farmer wants a truly abundant harvest, there will need to be much care applied to the crops. He will need to water the seeds, take out all the pests and weeds, and sometimes give additional nutrients.

Business of Financial Planning

We have learned from the economic crisis of 2008, to take care of where we invest or what we do with our money. It also taught us that in times of doubt, consult your advisor. The economic downfall in 2008 also opened opportunities for expert financial planners and newbies who wants to help people and business maximize their resources.

If you are wondering why you or your business needs financial planning, we have enlisted the perks here.

Financial planning enables businesses or individuals to allocate the right amount to the right area that needs improvement or more investment in a timely manner. This minimizes risk-taking and bad investments. Efficient financial planning would then eventually lead to better revenue and effective cost management.

Financial planning presents the costs and gains of a company or individual in numbers, giving them a clearer view of what they will be investing in. This makes it easier for decision makers to go or stop a contract or project.

A financial plan is prepared annually. This financial forecast explains how much the business or individual should expect and when to expect it. This not only shows how long the wait is going to be, but also the quantity of its profitability. Every month, a financial plan is also done to compare the annual plan prepared earlier to see if the target is being met, exceeded or otherwise. This warns the business owner or individual of possibilities and posed threats in the investment, and if it’s time to give up or not yet. Although it is not always correct, as there are so many things that could affect the business’ financial status, financial planning and management makes it easier to see what is and what can be.

While some people or business owners would want or need a financial planner as they can do this on their own, there are some who would need a planner’s help to get the load off their backs. Either way, when looking for a financial planning company to handle this hefty job, here are the things you have to consider.

License – find a licensed or certified financial planner, which signifies their abilities and credibility. Do not just jump on the first firm that comes your way in a desperate move to find one.

Pay structure – there are two major pay structures your planner may be a part of: fee-based and commission-based. Nothing of the two is better than the other; it is really up to the company or person what he/she prefers. There are also planner who, like free-lancers, can be paid by the hour or when you only need them

Financial Health of Your Business

A business must enter all its financial transactions in its books of account. It helps the accountants in tracking the incoming and the outgoing flow of cash through the business. Nowadays, the cloud based accounting systems maintain and process the books of account.

The corporate environment of every country is bound by certain statutory obligations. ACRA (Accounting and Corporate Regulatory Authority) of Singapore governs the corporate sector in Singapore. This agency has the duty to ensure all industries, irrespective of their size or niche, comply with the amended set of statutory requirements. Updated books of account, filing of financial statements, and paying taxes in time are the essential factors of these obligations.

The act of recording each financial transaction of the business and then, periodically checking the books of account has a far-reaching meaning to the business owners. The accounting software reduces the amount of manual work involved in the task. Each time, it processes the business data accurately and unfailingly. The software takes only a few seconds to process the data. The results obtained denote the financial health of the business.

On-the-Go Access

A cloud based accounting system saves and processes the business’ financial data on the cloud servers. It transmits the results to the business owner’s device, which can be an internet capable mobile or tablet. The software can also transmit the reports to the laptops, net books, and desktop computer.

The accounting software systems generate financial documents like cash flow, balance sheets, and profit and loss accounts for the inspection of the owners. They get a detailed info about the working and the financial standing of their businesses. The software also updates them about the financial position of their businesses with respect to their suppliers, customers, and creditors of their businesses.

The accounting software allows the owners to know about the fluctuations in their bank balances. It allows the owners to keep a firm control on their credit and debit situation. It ensures that they do have a chance to take appropriate actions before the commencement of a financial disaster or a broken commitment.