Simple Small Business Ideas To Generate Additional Income
Simple Small Business Ideas To Generate Additional Income
Studies have shown that a business is likely to go out of business within its first 5 years. To help a business to survive, whether a brick and mortar or a home based business, diversity is a good way to keep profitable and to help keep afloat during any economic downturn. This is especially important with downturns in the market place. In other words one should prevent putting all the eggs in one basket'.
If you think about a company brand like Virgin' you could probably name no end of products and services, whether it's the planes, trains, credit cards, media etc. If Richard Branson is having a bad time with say the air industry then it's more than likely the other businesses would help keep the Virgin brand trading.
A great business model to follow is one of front end and back end sales. What does this mean?
For a brick and mortar business, it could be a case of operating, say a small pet shop the front end. A customer comes through the front door and buys a bag of dog food. Any profit, if any, would probably be lost in overheads and advertising. So how does the business keep trading? By taking the customers details, the business owner could offer additional services like walking the dog, animal grooming, pet home care, etc. In other words promote additional services appealing to pet owners. This is the back end offering. This is a great model to follow to incorporate diversity?
Any business can adopt this concept. It's about building a relationship with the customers. It's the up-sales, those generated through back end sales that will help keep the business trading and to thrive. The key is to obtain the customers contact details so that they can be contacted either by email, phone or by post. It's the back end business which makes the real money.
Many are now turning to the internet for e-commerce, income and alternative careers. As a result, internet marketing is becoming more and more used through many businesses. You probably have already noticed when you go to purchase items or make enquiries through the internet that your details are now captured. This is to start that relationship. Regardless whether you go ahead and purchase, your details are on file. And guess what, you will be contacted, generally by email where upon you will be shown the latest and greatest deals. This goes on until you unsubscribe.
If you are already operating, or looking to embark on a small business, then thinking about and putting into place the front/back end sales scenario should help keep the business trading. If you are looking to start a small business and use the power of the internet to market, then the concept of front and back end sales will work for you.
In terms of effective marketing on the internet and be prevented from getting slapped' by Google, in other words taken off, why learn the hard way when you could tap into a highly effective training system that teaches people the skills to market your business, service or product successfully providing guidance, training, coaching, mentoring, tools, strategies, techniques, support and a sense of community. In other words an education for tomorrows entrepreneurs.
My name is Gary Oakes and I'm on a mission to help people become better internet marketers. It is all so easy to get it wrong. I have come across a fantastic way to earn whilst you learn. It really is that straight forward and by following some simple steps could help you create a better internet marketing experience. Let me show you how by following the link FreelyProsperous.
It does not cost you anything to make enquiries, and you never know this might be the very thing you are looking for. Are you looking to create a better lifestyle?
Domain Name Law-Your Online Business Could Be Severely Affected By The Law Of Domain Names Go For Houston City, Texas With Your Kids And Acquire Discounted Beds, Eat, Bars And Arenas Ways On Utilizing Logo Printed Business Gifts As Trade Show Handouts Online Payday Loans - Get Cash Help In 1 Hour. The MLM Home Business Opportunities Shared Accommodation Sydney Is A Great Way To Save Rental Cash River City fleet customers are large businesses that win Telecommunications Funding: Telecommunications Funding Opportunities For Your Small Telecom Business Small Business Success- The 3 Business Building Benefits Of An Accountability Partner How Wholesale Coffee Beans Can Benefit Your Business Some Business Opportunity Scams Exist..Learn How Not To Be A Victim Top 10 Reasons For Business Owners to Get Started With Social Media Search Marketing Agency - Cost Efficient Way To Promote Your Business!