Home Business Center Newsletter September
2009
"Make it so today is not like yesterday, and tomorrow will be different
forever."
- Tony Robbins
- How to Expand Your Product Line without the Risk
- Do You Need Business Insurance? What Kind?
- 5 Tips to Get Your Email List to Respond
- 4 Exercises to Sharpen Your Brain
- How Much do I Charge My Clients?
- Home Business of the Month: Start an Online Store 1-2-3
Start Your Own Online Store 1-2-3
How to Expand Your Product Line Without the Risk
Do you have an existing business or website that you
want to bring in more money?
Raising prices or finding more customers are some obvious ways you can go about it - but what about
expanding your product offering?
Stocking additional inventory can get expensive - and it's a risk, but what if you didn't have to take that
risk? You could test some new product lines to see what interests your customers and grow from there.
Where many entrepreneurs are using dropshippers to make a living on eBay, you can replicate this idea in
your own existing business - without having to compete with thousands of different sellers in one
marketplace.
What made me think of this was that I saw inflatable spas available for wholesale through a dropshipping
service. So what if you had a pool-cleaning company or a physical therapy service where you could offer
compatible products with your current offering - as an option? Make sense.
Some of the products I've seen through dropshipping services surprise me. You may never know the income
possibilities you are passing up (virtually risk-free no less!) If you think this idea may work for your
business, Take a look.
Do You Need Business Insurance? What Kind?
Most homeowner's insurance policies cover a limited amount of business equipment, so when it comes to
insurance, you want to treat your home-based office just like you would a retail space.
Here are a list of items you should consider when evaluating business insurance coverage:
- Equipment
- Inventory
- Vehicles
- Workers' Comp, if you have employees
- Fidelity Bond, if you perform work in customer's homes or property
Liability
You may be able to save money by getting a package deal on insurance. Some insurance companies offer
“in-home insurance policiesâ€, which covers both business equipment and liability. Another package option is
a business owners policy, designed specifically for small and mid-sized businesses.
Get a free quote on business insurance from multiple carriers and save money.
5 Tips to Get Your Email List to Respond
I recently read an interesting article on list-building. So much emphasis is put on
getting people to sign up, building a big list or finding targeted, qualified subscribers.
But what about getting them to respond? Not just read your email or newsletter or watch your video - but to
take action. Maybe even buy something, for goodness sake!
If you're into list-building or have your very own non-responsive list, you may want to get some help, and
check out this cool article on The 5 Best Strategies for Developing a Responsive List. Surprisingly simple and
painless stuff.
Need a sales letter template so you can write your letters and website copy in a snap? I recommend Yanik
Silver's Instant Sales Letters.
4 Exercises to Sharpen Your Brain
Have you ever had a day when you feel stuck at a
standstill because you can't figure out an answer to a problem or situation?
Being a business owner means you need your brain to work. To help you efficiently tackle problems and
quickly come up with creative solutions you need to keep your brain active.
Don't worry, giving your brain a workout doesn't really have to be a chore. Even simple techniques can be
really effective at giving your brain a boost. And in addition to helping you spend less hours in the office,
it's good for your overall health.
Dr Mao, a Yahoo Health Expert for Alternative Medicine, shares 4 Exercises to Sharpen Your Brain. Also, keeping your mind focused on goals will
help you achieve them. You can try goal software free here.
How Much do I Charge Clients?
There are several variables when it comes to determining how to price your product or service. You don't
want to price your product so high that it will not sell - but pricing it too low will hurt your business as
well.
Entrepreneur Delores Williams sums it up very well in this article, showing us five basic steps in figuring
out, "How much to charge".
If you want to increase your profit, but still keep your retail prices low, consider some ideas for
reducing your business costs.
Home Business of the Month:
Start an Online Store 1-2-3
With unemployment and job loss on the forefront of every employee's mind, "starting a business" has become
not such a wild and crazy idea.
The internet itself has made almost every aspect of starting a business easier, faster and cheaper -
networking with potential partners, suppliers or financiers - finding and selling to customers - even building
a "storefront".
However, even with these modern-day conveniences,
future business owners want to eliminate as much risk, cost and work as possible. That leads many
entrepreneurs to starting an Online Store. An online store can be extremely easy to set up and run, but
many people have failed because they lack the instruction and guidance that traditional jobs and
franchises provide.
So here's a website I'm excited about that demonstrates exactly how to set up an online store - even where to buy an online store (which already
has products) AND get customers ... In just 3 steps.
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