There are various reasons why companies determine to become incorporated. The first and most important is the truth that it accords companies the standing of limited liability. That is, the personal liability of the company owners is restricted only to the capital that they invest. (more…)
With each passing day, more and more people are discovering the internet’s potential for transforming not only their personal lives, but the ways in which they do business as well. That potential has led millions of people to seek out the most profitable methods for earning a living through the use of a website. Though there are any number of ways in which a website can form the foundation of your business, one of the simplest methods involves a business model using website flipping. Simply put, website flipping involves purchasing and renovating a website, then selling it again at a profit. With this tutorial you will discover the basic steps required to enable you to channel the power of the internet for your own business use.
So lets start things off by looking a what exactly web flipping is. Beyond the explanation that I just gave the term web flipping has nothing to do with turning your computer upside down, instead is refers to the art of buying and selling of a website for profit. Now many people will think that you have to be a computer geek in order to do this. The truth is that if you can turn a computer on then you can flip a website. All that is required is a computer, internet access and the desire to make money.
When people hear the word flipping the automatically think about house flipping. The truth is that in recent years website flipping is a concept that has recently gained popularity as more and more people are looking into the concept. Now you may have read the first part of this article and are thinking that this is a real easy thing to do. In actuality it is real easy to do all you really need is a little common knowledge and the desire to learn.
Now the first thing that I will tell you is that you will need to determine as to exactly what niche are you going to be in with your web site. What I mean by Niche is the fact of what area are you going to try and focus your site on. One example of this would be are you going to focus on a site that sells grass skirts. If so then you will need to design your site to reflect this. Now it has been my experience that the most effective tool in aiding you on deciding which site to flip is called Site Snipe this will give you a list of the websites that are currently for sale at that particular moment and what market they are in as well. So lets talk about your niche. If you know what you are doing and the vision that you have for your business then you will already have a basic idea as to where you want to go with your site. Now I always tell a person who is looking at starting their own business or looking to flip a site is to pick a niche that you love and that you are good at as well. It makes no sense at all to be in a market that deals with cat supplies if you are allergic to cats in the first place. If the site you are looking to flip make sure that it is a subject that people are interested in.
After the niche, domain name is the next important decision. You want a domain name that will not only entice traffic for your site, but that will linger in the minds of consumers. Selecting a domain name involves only two hard and fast rules: 1) it must be memorable; and 2) the name of the website should have a correlation with your business’ focus. Of course, you also need to ensure that the name is unique and not being used by any other website. Because of that, it is always wise to brainstorm several variations on your chosen domain name so that you have other options in case your first choice is already in use.
Now let’s talk about design, your site will need to be designed and this will be a vital part to your selling of your site for a profit. If your site looks like it was just thrown together then nobody will want to pay for your site. The good news is that you will not need to know five billion lines of code in order to design an eye pleasing site that people will want to pay for to own. It may be worth the cost to pay a person to design that will bring in potential buyers for your site.
Finally, you must find a hosting service to maintain your website’s presence on the internet. You have many hosting companies from which to choose, and they all offer their own packages designed to meet the budgets and unique needs of their customers. Of course, if you are planning to flip your websites for reasons other than business, you may just as well opt to utilize a free hosting service to keep your site online during the process.
Proactive prospecting can be much like physically exercising regularly. It’s something that you know is good for you and will produce predictable positive results, yet is something that most sales people always seem to avoid!
We need to have a starting point. Begin by blocking out one or two hours per day to prospect. Yes, we have put it off long enough. Start by using your sphere of influence to prospect. Prospecting, like anything will require commitment and discipline. This time is yours and you are important. Once you start you will feel more important and this will be a positive projection of your attitude when you talk with your sphere of influence.
Have a specific message. Everyone needs to hear the latest news of markets conditions in your area. It’s likely that they have some misinformation and you can become the expert to help them get a more accurate picture.
Sales have always been a “numbers” game. You want to touch as many people as possible. Defining your target market and being organized will help you obtain your goals.
Before you start prospecting, gather a list of names so you don’t spend valuable time you are using for prospecting. Get an idea of how many customers you plan to call in your allotted hour or two and have at least a one month supply of names.
Remember you have set aside some time for prospecting. Work in an area without interruption. Don’t answer calls or schedule meetings during this time. As you start going through your calls, you will find each call will become easier and easier. Before you know it, you will feel like a pro. You will learn as you go and practice makes perfection.
Consider prospecting during off peak hours when conventional prospecting times don’t work. Some of your best work will be done between 8:00 AM and 9:00 AM, between 12:00 PM and 1:00 PM, and between 5:00 PM and 6:30 PM. Vary your call times. We are all creatures of habit. So are your prospects. In all likelihood, they are attending the same meeting each Monday at 10:00 AM (or whatever time you can’t seem to connect with them). If you cannot get through at this time, call this particular person in your sphere of influence at other times during the day or on other days.
Did you know that most success is made after the fifth call? Most sales people give up after the first call. Persistence is your best virtue.
The principles of winning in the business world are the same as winning on the athletic field. We all have heard this before. No one person ever described winning and what it takes better than Vince Lombardi, the beloved Hall of Fame football coach of the’50’s and 60’s Green Bay Packers.
Vince’s absent has been forty years but his attitude and viewpoints are relevant in today’s society and business practices. He was also famous for many coined quotes of his era, and these phrases are pertinent in business, politics and sports today.
LOMBARDI TIME – 10-15 minutes early or you are late. Never being late for a meeting or appointment signifies respect for who you are working for or with. If punctuality is reciprocated, you are well on your way to being a winner.
CONFIDENCE IS CONTAGIOUS – SO IS LACK OF CONFIDENCE – A business manager or team leader who demonstrates confidence will breed that same confidence in the work force, if there is consistency of purpose. If you live and believe in what you say, those around you will eventually do the same.
Another coined phrase was “Perfection is not realistic, but if we chase perfection we can catch excellence”. If we set goals that are easily reachable, then we can only expect mediocrity. It doesn’t matter if we are an employee with a company or a CEO of a large Corporation or an athlete we can at most be guaranteed “average” results. Establishing higher goals and ambitions, might not guarantee us that we will be the best, but it will assure us to be one of the best.
THE ONLY PLACE SUCCESS COMES BEFORE WORK IS IN THE DICTIONARY – Practice and hard work will reap success. Think of the Lombardi Sweep. The defense knew it was coming, but they still couldn’t stop it. Hard work and “perfect practice” will always win out.
IF WINNING ISN’T EVERYTHING, WHY DO WE KEEP SCORE? – Whether you are in a foot race, football game, or climbing the business ladder, if you don’t want to be the best, you will be satisfied with second place. It will become a habit.
Believe in yourself and believe in your peers or authorities. Be positive in life and live these ideologies and you will be part of the winning team.
Goal setting and planning are not just for the independent contractor but for small and large business entities as well. Companies should have a solid Mission Statement along with written goals and objectives. These of course are instrumental in the success of any business. This is not only beneficial to the Company but employees as well to maintain a balance.
Established companies are not immune or insulated from changes in the economy. If they are not ahead of the curve and don’t adapt with their competition, growth will be impossible. Ability to plan and set goals for success will keep them viable.
The old adage ‘to fail to plan is to plan to fail” rings true. There are many myths in life as well as business that some use today to avoid setting goals and plan. The following are several that more than likely we all have used or at least thought of.
IT’S NOT REALLY THAT IMPORTANT! Just thinking you know what needs to be done isn’t enough. What worked last year isn’t a given this year. If you and your team are not working on next year’s plan today, it may be too late for next year. Working towards next year’s goals should always begin today.
There are written goals and there are written goals. In other words, goals do not exist in thoughts only. They must be in writing. Talking to your employees about the plan for the company’s success will have no value to the employee. Providing your employees with visual goals will spark their interest even more for their future and the company’s.
GOALS ARE ALL YOU NEED TO BE SUCCESSFUL! If this were true, we never would have heard of Bill gates or Warren Buffet. Success in any business or profession is dependent on the implementation, supervision, and coordination of the written goals.
Once I write down my goals I only review them once a year. This is definitely another myth or misconception. With the constant changing of today’s economy, goal planning must be reviewed quarterly, if not monthly. This will keep you from swerving off course and adapt your road to success. Evaluating your goals frequently must now become a common practice.
We must constantly adjust our goals to determine if increased production is approached in a timely manner or if a reduction in sales or staff is more realistic. If we don’t take these approaches cautiously, we could be in a financial crisis along with the economy or even in a strong economy. We will always be in a better position knowing the “storm” is coming rather than waiting until after it arrives.