Tuesday, June 26, 2012

Tips on How to Make Money from Affiliate Ad Programs

Choose Affiliate Ads That Compliment Your Website to Make the Most Money

Affiliate programs can be a great way to supplement your income but to the most out of them you must also be willing to spend time and effort into building an affiliate network.

Affiliate programs are not likely to make you rich overnight but joining the right programs can help you earn several hundred dollars per month on a moderately sized website in a relatively short time. The larger your website is, generally the greater your traffic draw from content will be. The higher your traffic rate is, the more likely you are to be successful with affiliate ads.

Much of your success depends on two things: the quality of your website content, and how selective you are in choosing affiliate program ads to compliment your site.

1. Choose Affiliate Ads That Are Consistent With Your Website's Purpose.

Keep your affiliate ads connected to your website's purpose and content as much as possible. You can be broad and creative, but remember to consider the interests and sensibilities of your website visitors. Affiliate ads should compliment your site - not compete with it.

For example, if you run a social network for stay-at-home moms, think about what most interests your audience. You might choose programs that offer products and services for children, but you might also consider selling books, links to online degrees, and even vacation planning affiliate programs.

2. Keep it Clean and "G" Rated.

You will not make money by adding porn and other adult content to a general interest website. Keep it off your site if you want to have any credibility and are trying to attract a loyal customer base rather than those just looking for instant gratification.

A G-Rated site stands a much better chance of consistently appearing in the most possible search engine returns. Unless you are actually running an adult-themed business, keep adult ads completely off your site. Even if your site content is as G-Rated as Mary Poppins if you allow adult content ads your site will still be listed as adult-oriented by search engines.

3. Do Not Over Do It.

Adding too many ads to a page and using annoying pop-ups and flash ads will usually accomplish only one thing: it will distract and annoy your readers who will just go somewhere else to find information without intrusive ads.

Today's Internet information surfers are savvy and are quickly able to find anything you have to say somewhere else in a matter of seconds. Keep your site fresh, content-rich, and use ads as an added feature (cleverly selection and placed, of course) that have the appearance of being an extension of your site, that is, a service or convenience feature for your visitors, not as a way to get rich.

4. Be Prepared to Work for Your Affiliates.

If your affiliate's ads are not working well on a page or section of your website, move them, change them, or remove them. Affiliate programs will drop you if your site is not performing for them.

If you a lack good results it tells you that your readers are not interested in the particular ads you are showing them, or that they are ignoring them for other reasons (which is often due to placing too many ads on one page).

5. Do Not Use Frame sets.

Using frames is generally considered a bad idea from an SEO standpoint for any website, but it is particularly important not to use affiliate ads that are set in frames.

6. Do Not Alter Affiliate Ads.

Most affiliate programs offer a variety of links, banners, and buttons to choose from. Affiliate marketers have already spent time and money and research to determine what ads sell best. They use their own branding which often includes specific phrases, colors, images, and even fonts. For this reason, with few exceptions, affiliate programs do not let you (even though it is technically easy to do) make changes to their ads. If you do make unauthorized changes the affiliate partner may refuse to pay you for any leads generated from altered ads.

The ads you choose to display on your site say something about you and your own business. Be selective, not greedy, and focus on ads that serve the needs of your website visitors to get the most out of affiliate programs.

Don't forget to post your comments

To your Success!

Saturday, June 16, 2012

Real Way to Earn Money Online



Looking for a REAL way to earn money online? Look no further. Get SFI—and get REAL results with a REAL and PROVEN company.
If you're ready to get REAL, get SFI. Yesterday, 840 people from 81 different countries became SFI affiliates. That's one enrollment every 103 seconds. And that's just from ONE day! Join now
Why is SFI growing so fast? Simple. SFI works. The fact is, for more than 13 years now, SFI has been showing men and women all over the world how to build profitable Internet businesses from the comfort of their homes. Today, with 6042 new affiliates joining weekly, SFI is one of the fastest growing companies of its kind in the world. See for yourself see latest enrollments here .
One of the big reasons for our success is our unique online storefront, TripleClicks.com. TripleClicks is one of the fastest growing and most popular e-commerce sites on the Web today. And as an SFI affiliate, YOU share in its profits because it's YOUR store! With more than 49000 products (and hundreds of new products being added weekly)
TripleClicks has something for everyone--and that makes online selling both lucrative and fun! Plus, through our E-Commerce Associates program, we've partnered with hundreds of companies from all over the world to provide you with access to exciting, high-profit products and services from right within your own country! Visit our online store here to buy,sell or list your products.

But we've only just begun! Over the next 10 years, explosive worldwide growth is projected for SFI. Join our Affiliate programme today and start smiling to your bank every month end. More Reasons Why SFI Rocks are briefly stated below which I bet you'll hardly find a similar offer around.

1.No purchase requirements……..ever!
2.Start earning income immediately just by doing simple free actions!
3.Fast upfront compensation + great long term residual income potential!
4.Get paid in your country’s currency via payoneer,or Alertpay!
5.Share in profits from ALL sales at TripleClicks.com each months!

Sign up now by clicking here

Your Comments would be highly appreciated because this will go a long way to encourage me in extending more information and advice to you.



To Your Success!

Aim High.Dream Big!


Thursday, June 7, 2012

How to Profit From Networking

Sales are often developed through the relationships we have developed or created with other people. Networking functions provide the opportunity to expand our contact list, particularly when we create and nurture quality relationships. Visiting a networking group, talking to dozens of people and gathering as many as possible business card isn't enough. However, you can derive tremendous potential for new business leads from every networking function you engage in. Here are five carefully selected strategies to make networking profitable, enjoy it:

1. Choose the Right Networking Group

To obtain the best result from networking, you’ll have to join or attend the appropriate networking events for your particular industry. This may include trade shows, conferences, forums, and associations specifically dedicated to your type of business. For instance, if your target market is Group of companies, it does not make sense joining a group whose primary membership consists of individual business owners. Or, joining a dating site forum when you are actually engaged in affiliate as a niche. You can as well participate in groups where your potential clients meet. For example, a friend of mine joined a local franchise association Ogun state chapter, he assist people to negotiate leases with their landlords in Abeokuta environs. He joined the local franchise association because most franchisors lease their properties.

2. Focus on Quality Contacts against Quantity

My best approach is to make between two to five new contacts at each networking meeting I attend. Many people you must have experienced, while talking to you, keeps their eyes roving around the room seeking their next victim. These individuals are more interested in passing out and collecting business cards than establishing a relationship. I’ll implore you to focus on quality of the connection and people will become much more trusting of you.

3. Make Good and Positive First Impression

There is EXACTLY just one opportunity to make a great first impression. And factors that influence this initial impact are your hand shake, facial expressions, eye contact, interest in the other person and your overall attentiveness. Develop a great handshake, approach people with a natural, make good eye contact and wear a genuine and welcoming smile. Take note of the other person’s eyes as you introduce yourself. Listen carefully to their name. If you don’t hear them or understand exactly what they say, ask them to repeat it because many people do not speak clearly or loudly enough and others can be very nervous at networking events. Make a powerful impression by asking them what they do before talking about yourself or your business. Seek to understand first and then be understood. Comment on their business, ask them to elaborate, or have them explain something in a more detail way and as they continue; make sure you listen intently to what they tell you. Once you have demonstrated an interest in someone else, they will - in most cases – become more interested in you. When that occurs, follow the step outlined in the next point

4. State Clearly What you do

You should be able to state clearly what you do. Develop a twenty seconds introduction as well as forty seconds presentation. The introduction explains what you do and for whom. For example,” I work as an online entrepreneur that helps in giving tips and business strategies on how to make legitimate money, increase your business sales and profits.”This introduction should encourage the other person to ask you for more information and when they do, you recite your forty seconds presentation.”Kola Oluwole of K High Profile Clothing wanted a programme that would help his sales increase. After working with him for four months we achieved a 20.5 percent increase in sales. Plus, sales of his premium line of ties have doubled within this time frame.”As you can see, this gives a typical example of your work and the results you have helped your clients achieve. Each of these introductions needs to be well-rehearsed so you can recite them at any time and under any circumstance. Remember, you must be genuine, authentic and honest.

5. Follow Up After the Event

Most people drop the ball here which shouldn’t be the case. The follow-up is the most important aspect of networking. There are two specific strategies to take:

· First, immediately after the event – typically the next day – you should send a handwritten card or make a phone call to the people you met. Mention something from the conversation you had together and express your interest to keep in contact. Always include a business card in your correspondence.

· Next, within two weeks, contact that person and arrange to meet for launch. This will give you the opportunity to learn more about their business, the challenges they face, and how you could potentially help them. This is NOT a sales call – it is rather a relationship building meeting.

Networking does produce results. The more people know you and your business, and the more they trust you, the greater the likelihood they will either work with you or refer someone else to you.

Explore More. Dream Big and Aim High!

7 Steps to Creating Your Business Identity


Creating a business identity is an essential task to opening the doors to your business success and also publicise it. Listed here, are logical and orderly sequences of steps you can take to get your home business up and running by creating its identity.

But before you establish your business identity, there are some steps that will help you get the doors of your home business open. Before you reach this point, you need to have the under mentioned already:

  • Have a clear idea of what you will be doing and who your customers are by brainstorming your business.
  • Completed informal or preliminary business plan or a well-thought-out business plan outline.
  • Consider the benefits and disadvantages of the available legal forms your business entity could operate under and select the form of business that is best for you – at least initially: sole proprietorship; partnership; limited liability corporation (LLC). Most home business entrepreneurs start out as a sole proprietorship, but you need to know what the risks are before you do so.
  • Check any legal requirements or your country’s restrictions against operating the home business you want to start in your homeowners’ association (If you belong to one), your city, town, state and your country.

Now, once you’ve done all your homework stated above and you’re ready to get your home business identity started. Here are 7 steps you can follow and use as a checklist to establish an identity for your home business:

1.Brainstorm Your Business Name and Tagline

Your business and its tagline can create excitement and a low but steady buzz for your home business and will be an important part of your later marketing efforts.Some great recommended resources that can really help you in positively branding your business are the 8 video series called Brand yourself ...Brand your Business , Branding Your Way To Success or the Online branding Secrets

2.Establish an Address and Phone Numbers for Your Home Business

Completing this step early means that your home address and phone number won’t become public record when you do register your business.

3.Open a Business Bank Account

Part of having a business identity is to keep your business finances separate from your personal finances. There is just no better way to do that than to open a business account.

4.Create a Business Logo

Logo creation is one of the most important steps in business when advertising your products. Creating the perfect fit can be frustration if you do not have the right software and tools to get your message out there efficiently. A good business logo will go a long way in establishing your business identity. Your logo should reflect what your business does. It should be unique, eye-catching and easy to identify.Get your business logo creation with FREE consultation and a few samples of what they could come up with and discuss whether you wish to proceed with the order and get your advertising printed, installed and ready to do business !! at Logo Creation.Take that frustration away from you and use the expertise to match the right advertising that will represent you and your company. The perfect match !!

5.Order for Business Cards

Since a business card is often your first impression on a prospect, I’m certain you won’t want to jeopardize getting new business offers because you didn’t bother to have your business cards professionally printed.You can leave this aspect to S & L Creative Prints where you get your business cards printed on white or pastel coloured board. You actually decide on your logo design and lay-out of card (portrait or landscape). Get your 1000 Business Cards (Single sided). You can also get a creative and good business cards from Designer Label at a with a very good deal.You get'll 1000 business cards with all the trimmings at a very reasonable cost. Any colour or design can be added and created. Price will not increase just because you added a new colour or decided to add an email address. The price includes the logo, colours, and design of the business cards.If you wish to have an expertise to also create the logo for you and send you a few examples, that can also be done for you.

Remember ! Successful businesses need to have a little push and investment in order to achieve your ulitmate goal, and that is to make money !! Business cards can do just that !!

6. Create and Order Your Business Stationery

You can buy stationery or create it yourself. Again, you can use tools like Microsoft Publisher for this purpose, and plenty of design templates are provided to make creating custom stationery easy.

7. Establish an Online Presence for Your Business

Websites serves as a useful form of inexpensive advertising for most business. Even the most basic of websites can work as well as your online brochure. You may also decide to set up a blog for your home business – either in conjunction with, or instead of, a home business website.

Once you’ve completed these basic business identity steps, you will have effectively built a solid foundation for starting your home business.

You’re bound to make adjustments from time to time – that’s all part of having your own home business. But a big hurdle will have been cleared and you can begin making and spending money under your business name. In essence, you are giving your home business a “life of its own”

Your comments will go a long way in spurring me to do more and also help me when updating this post. So, send your comments and you may as well share the content.


Dont forget to send your comments.



To your Success!

Tuesday, June 5, 2012

CashU-An Alternative Way for Nigerians to pay at SFI

To solve your payment problems, please follow the steps below:

1.Open an Account with CashU:

Go to cashU homepage

Choose to sign up from the homepage

Choose to sign up a payment account

Fill the needed information

Use the information sent to your email to login to your account

Complete filling your personal information. Go to the homepage here:http://www.cashU.com

Or Send me your name and email and I'll invite and guide you from CashU Account.

2.Open an Account with Epaynigeria here: http://www.epaynigeria.net

3.Make payment to your Cashu Account.

Go to cashU homepage

Go to "Find cashU"

Choose your country from the list

Choose the closest cashU reseller from the list

After buying the refill coupon login to your account

Fund your account using the pin code in the back of the refill coupon

Now you can enjoy online shopping with cashU!

Since this post focus on alternative ways to Paypals and Alertpay form of payments available to Nigerians, and the fact that I use epaynigeria to fund my CashU account, I will suggest you use the same to fund your CashU account. This is done by going to:

http://www.epaynigeria.com/cashu/buy-cashu.html or
http://wwww.instantexchangers.net

On getting to epaynigeria website, on the down left hand side you'll see Quick Links.
Click on CashU and then click on Buy CashU. Follow the subsequent instructions given.

Note: You will open a transaction online before and after going to the bank to make deposit because they will give you an Order Number prior to going to the bank for payment, it is this Order Number you pay with. It sometimes looks like:

CU-12345-Your-First-and-Last-Name.

This is very important and you should take note because you have to pay in this format, this will also be what you will insert under the Name of Depositor’s column while making your payment at the bank.

4.After making the payment, you come back and log in to your epaynigeria account and fill a payment alert form to indicate and inform them that you have actually paid into their account. Do not forget your depositor’s duplicate teller because you shall be requested for the teller or slip number, bank paid to, order number etc which will be on your depositor’s slip.

5.epaynigeria will then send you Pin Number, Serial Number, dollar amount of purchase and your coupon number (very important)to your email.

6.Login to your CashU Account and upload this Pin Number/Coupon Number. Automatically, your dollar amount is updated into your CashU account. Once the amount is in your CashU Account you're now ready to purchase from Tripleclicks.

7.Then logon to your SFI account choose your product E.G. IAHBE.
At check Out Select PayByCash. Then follow the instructions.It will guide you to Login to your CashU Account and payment will be effected.

Note:PayByCash processing Fee might attract $4 to $4.99.So I advice you try and add all your orders at once to attract one time fee deduction.

8.For complete SFI Payment Processors go to:

http://www.paybycash.com/options/index.php?country=ID

While you’re there, Select Country - Nigeria. It will display various

Processors for Nigeria (which are Ultimate Game Card™,
Cash (through the mail), cashU, Ukash and Western Union QuickPay).
I am using CashU.


NOTE:
PayByCash will notify SFI once they have confirmed receipt of payment for your order. Note that this process could take up to 10 business days.

SFI can not post the order OR VP to your account, until they receive confirmation that payment has been received at PayByCash. Once they receive confirmation, your order and VP will be posted to your account immediately.

I've given you only CashU Payment Processor because this is what I use and easier for me.


8.Join me at Liberty Reserve another Payment Processor that you might need later:http://www.libertyreserve.com/en/?ref=U5673990

9.JoinAlertPay:https://www.alertpay.com/?f48HIAgnNuK%2fVkDZB1fbOQ%3d%3d

I hope this will solve your payment problems. This is what I use.

If you need any other assistance, please endeavour to drop your comment or use my contact to send a message.

Explore More.Aim High and Dream Big!


Monday, October 10, 2011

Entrepreneur Empire: START WITH WHAT YOU HAVE

Entrepreneur Empire: START WITH WHAT YOU HAVE

START WITH WHAT YOU HAVE






START WITH WHAT YOU HAVE



Many people hope,pray and believe for change in their lives without understanding the laws that govern change.For years,they anticipate and hope for wonderful things to happen to their business,family and finances,but nothing significant happens.The law of nature states that every object remains in a state of rest until an external force act or is applied to it.No matter how sincere we are,we cannot alter the laws of nature.Nothing is going to happen in your life until you do something different from what you have done or been doing in the past.You can never expect money to just jump on you while sleeping at home,no matter how you are faithful to or closer to God.You must actually do something positive or negative to facilitate affluence,you can continue to pray from today till tomorrow but the fact remains that you must do something.

Until you start,your dreams and ideas will remain elusive,no matter how intense your desire is,you must start if you want to make a difference in your life.Life only recognizes and associate with those who start,those who are bold enough to step out and attempt something with their ideas and dreams.
"heaven helps those that helps themselves" they says

Could you imagine how many ideas and dreams that dies and are buried daily because people believe they are niot good enough,skilled,capitalized,connected,smart or experience enough to launch out an idea?Do you know how many destinies become still-born because some people build a negative case against themselves?They look at themselves and fashion and cook up all manner of reasons not to start and why they can not do something positive about their dreams and ideas.They live unfulfilled lives beause they refuse to dare.

No matter how much you have presently accomplished with your life,you will be amazed at what you can still do with your innate talents and abilities.Your potential will amaze you.No matter how much you have already accomplished,there is still much more to achieve,more to reach out for,more people to influence,more lives to touch.There is always more to do with whatever potential you have.There are more products to create,more gadgets to invent,new services to provide and more money to make only if you start doing something and you don't stop doing whatever you know how to do.

If you take a critical accessment of most successful people on the planet,you will discover that they never rest on their achievement.They are possessed by a positively restless spirit.They are always on the move to do more with their lives.You may reason why a man like Mike Adenuga (his company Globalcom recently rated the 10th best company in Africa and the 1st privately owned)with all his wealth should have stopped creating new products or services,but he keeps starting,sustaining and winning in very new and competitive markets.Having money does not satisfy the craving of the human spirit to accomplish.The moment you stop starting,sustaining and winning with your ideas,atrophy sets in and you will begin to deteriorate on the inside.You will be unfulfilled and unhappy.Untill you breathe your last,your life must count for something greater than your past.You must birth the ideas and dreams within you to influence your generation.To help help you start with what you have,there are three points you should adhere to,and they are:


TAKE PERSONAL RESPONSIBILITY
In this life we choose what we are,meaning we are the architect of our own life,we decide who we become in life,though external assistance might help in finally putting shape to whom we become.Nobody is responsible for how your life turns out.No one determines how much of planet earth's abundance you enjoy.It is all about what you personally choose to do with your life.
Taking personal responsibility in life is the starting point for transforming your life.You can have more,become more,influence more,bless more people and do more with your life.It all begins with taking personal responsibility for your own life.You might have grown up in povrety,but you can become rich like millions of others who pulled themselves up by their own determination to excel in life.


KEEP UP YOUR DREAM
You must do all it takes to make sure the idea and dream in your heart becomes a reality.The dream you nurture can only come alive when you act on it.Do something about that dream today or live to report it in future.


START NOW
Many people do nothing,pray and anxiously await opportunity to come their way in life not realizing that opportunity comes to those who use what they have from where they are.
John Wicker said "opportunities multiply as they are seized".When you do something with the opportunity you have,you have just open a window of greater opportunity to aid you in the realization of your dreams.Human help and assistance gravitates in the direction of people who are creatively using the little they have in their possession to produce the much they need.Miracles can only occur when we creatively apply ourselves to the demand life places on us to start with what we have from where we are.


Your comments can only spur me to do more,so endeavour to drop your comment and if you think this post has in any way help you today,then you can subscribe to my feed or visit my facebook fan page here http://www.facebook.com/pages/Entrepreneur-Empire/286034878075083 START WITH WHAT YOU HAVE and click on like button.

Friday, May 15, 2009

Product Analysis And Selection

My post today is on product analysis and selection,and I hope you will benefit from this information,in relation to your company's readiness to export.
Product analysis and selection is a very important area in the export business,especially for new entrants.It involves the consideration of various factors that come to play in the success of international business.Product selection has come to be identified as the most difficult aspect of the export business as against legal or even financial input with the various technical requirements.
Reason for the above difficulty can be explained by the fact that there is no single rule in the analysis and selection of products.In Nigeria we have several product manufacturers and commodities that each has its peculiar rules.The problem,therefore,is not only that of analyzing and selecting,but identifying and selecting the right product for your identified market.

The right product
What constitutes a right product differs from one entrepreneur to another.A product is considered right if it gets the exporter started as quickly as possible and has a good chance of paying the export returns.However,the exporters are advised by experts to get other products that can pay back rather than remaining at the planning stage,waiting for the perfect product that may not come.Don't forget that what appears to be right product for now may not be part of your business in the next few years.These first export products are used to develop the ideas and ways of doing business in international market.Experience,changing requirements and your business growth will certainly differ considerably as subsequent products are exported to the international market.
Bearing in mind that export business is opportunistic in nature,there is need to do proper analysis to determine the right products,and the plans must not be too rigid.It is not enough to decide on your general direction and let the details work themselves out with time,without the advice of a consultant.
The major objective of conducting a product analysis is to crystallize the financial and other resources that would be needed to bring a product idea to commercial reality.It further provides the basis for the metamorphosis of product ideas into detailed written proposals,which form the core for management decision-making process.
In analysing a product,care should be taken so that ideas,which don't seem good,are dismissed outright because of a lack of vision,while a poor product idea or information is passed through the screening stage.Nevertheless,a proper screening or analysis is not a guarantee for good product performance in the market place as there are several factors that determine this.Product analysis is done in two stages.

Objectives and Resources
This stage relates the product idea to the company objectives,financial resources and capabilities.The questions here are:Is the product idea compatible with the company's objectives in terms of profitability,return on investment,maintenance of corporate image,etc?It requires determining as accurately as possible the sales and profit volumes,product life span,risk,level of investment and recovering time.This stage also considers the company's available financial resources needed for commercializing an idea.Even though this exercise may be guesswork at this stage,a disciplined analysis of ideas at this stage can avoid wasteful commitment of resources.
Usually,ideas should have ratings to be considered worthwhile for investment.But this is not to say that those,which did not meet all the conditions,should be swept under the carpet.They should rather be kept in view as things change.Or better still,a remedy is found for those loopholes.For instance,if a product idea is compatible with the profitability and return on investment of the company but lacks th technical and professional resources for commercializing rather than discard the idea,the company should investigate how the available technical and professional resources can be improved,say,by in-house training schemes or by sending personnel on courses.

Competitive Strong Point
This second stage analysis of the product is from the standpoint of its potentials in enabling the company take maximum advantage of its competition.It starts by reviewing your company's competitive strengths and weaknesses,which are routinely carried out annually or whenever there is an activity that will significantly affect the company performance.Such spheres of performance factors as company personality and good will,marketing,personnel,research and development,finance production,etc are considered,though there is no hard and fast rule about what constitute the factors to be considered.
The company should carry out this review vis-a-vis those of its competitors to enable it determine which area its competitors has strong points and weak points,to take advantage.This information cannot be traded for anything.
From the two stages of product analysis and selection,one can conclude that passing the product through the first stage provides you with a disciplined but generalised estimates of the process and desirability of making and marketing the envisaged product.While the second stage suggests the ideas that pass the first test to a more vigorous competition-conscious screening.However,the firm can do the first stage,which requires only a sound business sense and a general knowledge of company activities,but the second stage will require the assistance of specialists or a consultant.
You can see from the foregoing that the processes of determining the right is not an easy task.On a cautious note,you are advised to check your preferences,through your export consultant,before commiting yourself to the product.In addition,you are warned of the get-rich-quick schemes that ensnare the business terrain.Do not jump at mouth-watering offers,or you will burn your fingers.

Your company
Here,strength,weakness,opportunities and threat (SWOT) analysis has to be done to determine the company's ability to go into export business.Its financial strength to accommodate risks,skilled personnel,who will withstand any difficulty that may arise from the business transactions,and to what extent can they cope with disappointment.The SWOT analysis is imperative,considering the ruthless nature of international market.You cannot make amend to documents or business proposals,like you do in the domestic market.The means of transport to be adopted for export,should take into consideration financial capability,product and delivery terms,etc.Your company's ability to guarantee quality of product is not negotiable in international trade.The issue at stake is that of credibility and ability to deliver as a responsible and responsive company,when required.With these obvious complexities,a skilled person has to be in charge of a company's export desk,in other to maximise profit and growth.

Cheers to your success.

Wednesday, May 6, 2009

A Big Thumbs-Up To My Top Entrecard Droppers For The Month Of April

This is a short but unique post dedicated to my top TEN Entrecard droppers for last month.I thank you all for your visits,views,comments and mostly the interest you've all shown in my blog by consistently dropping by to drop Entrecards and also review my site.I really appreciate all your friendly gesture and will always measure up by reciprocating your actions.Hence,my resolve to show case your blogs to the world so as to exhibit the several positive benefits offered by your blogs.
                   
 My Top Ten Droppers                                                            
1.Traders's Hub  (31 EC Drops)
2.SWIRLING THOUGHTS  (21 EC Drops)
3.Beyond Feron  (20 EC Drops)
5.Win Free Candy  (20 EC Drops)
6.SelectIndex  (19 EC Drops)
7.a site for woman  (13 EC Drops)
8.World Of Film  (13 EC Drops)
9.The Daily Planet  (12 EC Drops)
10.Change Your Mindset  (12 EC Drops)
Visit these blogs and see what they've got to offer you.And I am certain that a trial will surely convince you.

Thursday, April 23, 2009

The Secrets Of Making Profit In Your Business Enterprise

The future prospects of any enterprise depends on the ability to capitalise on the available opportunities through a deliberate strategic planning.And considering the fact that the main aim of many enterprise or an organisation is to make profit either in economic prosperity or adversity,a comprehensive and systematic approach towards harnessing and controlling the factors of production efficiently and effectively so as to achieve the goal of making profit as an entrepreneur is earmarked in this article.I will discuss here the sequential steps which if well adhered to will catapult your business towards the league of high profit making companies.

Identify and select the right personnel
As we know that management and leadership are about vission,mission,strategic planning,decision making process and the overall responsibilities of an enterprise,without any doubt the quality of leadership at the disposal of your enterprise may make or break your company but a capable leadership will positively impact on the ability of your company to be proactive and overcome inevitable business dynamics.
In fact,the strength and value of your organisation is largely determined by the quality of its leadership and employees.It is the duty of a leader to provide guidance,directions and inspirations to knowledgeable employees who are willing and able to learn.It is therefore necessary for your organisation to select the right personnel from the beginning and perpetually train them in line with the emerging work techniques.
Engaging a wrong personnel will hinder your business determination to expand your productive/service capacity and earning more profit will be challenged by inherent inefficiency and undue resistance to change.Apart from the valuable time that will be wasted on wranglings some will definitely be wasted  in the learning process.Therefore,getting it right from the outset by engaging professionals is,thus,crucial.

Arrange you projects in order of priorities
The ability of an enterprise achieving its corporate objectives depends largely on the quality of resources at its disposal.And as we all know that resources are not only scarce relative to their demand but can also be regarded to as wasting assets.Therefore,there should be a careful planning of your investment activities in such a way that optimum benefits would be  recorded with minimal lost.In order to achieve this,you must deliberately organise your objectives in order of priorities,suitably select projects that is certain to produce highest returns from the smallest combinations of inputs,in a way that your consumer's satisfaction is guaranteed.The decision of selection should be based on objective financial analysis and also based on comparing the benefits from projects against their costs such that a project with highest possible benefits and value are selected.Meaning that,more resources should be extended to the best investment opportunities that is open to the business so that your enterprise can maximise its opportunities without detriment to your customer's satisfaction.

Determine the activity that generates the highest percentage of your total profit
Most entrepreneur today believes that sales will bring higher profits,hence they focus on ways of expanding revenue through increased sales volume.The assumption is that an enterprise with a large market share will benefit from scale efficiencies,brand awareness or other advantages that may further translate to greater profits.Many entrepreneur often believe that if you can grow faster than your competitors then profit will simply follow.
But,I put it to you in strong terms that the current management thinking does not agree that profit necessarily follows increased revenue.It is believe that for you to improve the status of your profit earnings,you will have to analyse the aggregate profits earned in your enterprise at all points along the value chain and also determine the activity that add the highest percentage to your total profit and devote more effort and resources to it.

Purposeful abandonment of the old and unrewarding
Abandonment is the magic towards innovation-simply because it frees the necessary resources and also stimulates the search for the new that will replace the old.We are in a dynamic businesss world where the taste of consumers rapidly changes the production processes and not only that but this changes have also become increasingly sophisticated.The major outcome of this is that some yesterday products that claimed to be a cash cow has grown,matured and eventually lost its prime position in the consumers scale of preference and indeed the marketplace.
No matter how this product is repackaged and aggressively marketed,it will definitely not be able to generate income to sustain its retention in the long run,therefore it should be harvested,no matter what sentiments attached to this product by the company since it does not make sense investing scarce resources to keep this product afloat.A typical example here in Nigeria is what Ovaltine Nigeria Ltd. did to Ovaltine beverage and also what UAC did to old Kingsway store.This is known as purposeful abandonment of  old and unrewarding.

Time management and control of service/production
An entrepreneur must be able to keep him/herself abreast of the cost of operations by developing productivity control measures.Measures should be adopted in a way that the daily contribution/output of employees can be determined in addition to job evaluation and manpower audit that will subsequently lead to redeployment of staff to areas where they are better suited.And all this involves a manager or an entrepreneur checking physically the workdone by an employee e.g how many letters or memos were written?,how many minutes of meetings were developed and typed by the secretary?,etc all this rules will spur employees to put in more efforts and good performance should be rewarded.

Delegate and empower
If your subordinate can do a job effectively,then please stop doing it yourself and engage your capable employee(s),otherwise you will be spending more expensive time to address the problem.Delegate functions to your subordinates and empower them to act and gear their efforts towards the interest of the company,also close the pace of response to customer's needs,entrepreneur must be able to think about the future of the company and also any development arising within the chosen-market.And for you to do this,you will need to imbibe in yourself the culture of delegating and empowering.Many managers/entrepreneurs dislike this because of their hidden incompetence.
It is a well known fact that tomorrow is uncertain because a manager/entrepreneur cannot get ahead of today.In fact,few managers are greatly impressed with their own performance in the immediate tasks because such tasks recur again and again,no matter how many times they are solved.And the costs of repeated trials are great and I am sure many organisations can hardly afford this
As a  management expert,an executive  can think of tackling the future but he must be able to dispose of the challenges of today in less time and with greater impact and permanence.



I shall rest here today, will  keep you inform in my future updates on this topic,don't forget to subscribe to my feed for such updates and do endeavour to drop comment on this article.But before I go,I'll like you to remember that irrespective of your chosen area of endeavour,the task of management is essentially the same,that is,to create and maintain an internal environment in which individuals working together as groups attain efficient performance harmonious with the broad objectives of the enterprise.The environment must be condusive enough for individuals to make their maximum contributions to the efforts of the group.All these when properlly observed will definitely sring up the profit margin of your enterprise.