Try Consignment To Increase Profits

"People do not attract that which they want, but that which they are." This is the philosophy of James Allen

. The same principle is applicable to the financial facet of our lives too. Let me give you an example. Have you ever noticed the faces of Olympic champions? You can see all the hard-earned practice and preparation, sacrifices and discipline radiating with confidence when they are given their awards. That same confidence communicates to every opponent even before the games start. Your rival can sense if you have high self-esteem or if you are unprepared, insecure, in doubt and fearful. Just like the competitor, clients can sense if a salesperson lacks confidence. Needless to say, your self-image will determine your level of success.

Let us then get down to the basics. You may have all the money, connection and strategy to start a business. However, it takes more than these to manage, maintain and sustain a company; you need to have guts to stay in the business. And here are some things you can do to help build, keep up and project confidence:

There are three types of consignment - first is the pay-as-sold wherein you only pay for items actually sold and unsold ones at the agreed period may be returned to the supplier. The second is the "change of ownership after a predefined period". After a cut-off date, whether the items are sold or not, you are required to pay even for unsold items. This is usually applied for perishable goods such as fruits and food products. And last is the order-to-order consignment. Inventory is considered sold if you place your next consignment order.

Third, educate yourself and your clients. It is very important that you know your product or service well. This lies in an endless desire to learn more. Competition is hard and you have to be up to date and current to be able to keep pace with the fast-changing world. Your clients should not be left behind. Give them the facts that could be of use to them even if this would affect your market. Clients are not stupid; they know when they are being deceived. And they remember you for this. If you gain their respect, they will come back and do business with you.

Have the competitive edge - What differentiates your service or product from others? Make an innovative idea that will be well-received. Only then can you be truly be confident and have that positive self-image of yourself.

by: Bart Icles

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