As a local business owner, you may or may not be in an area where tourism and travel have a large impact on your business. However, almost regardless of where in the world your business resides, there are likely going to be at least a handful of people visiting your area at any given time. And the more this number grows, the more youâ€™re going to want to be able to take advantage of this demographic in your area. But for many business owners, itâ€™s hard to know how to best contact and appeal to tourists visiting your area. So to help with this, here are three ways you can start appealing to tourists as a small, local business. [Read more…] about 3 Ways to Appeal To Tourists As A Local Business
Everybody wants to feel like theyâ€™re getting a good deal, regardless of what the transaction is for. However, as a businessperson, you have more to think about than just saving a few dollars. To run a profitable business, youâ€™ve got to have good margins, which requires you to have strategic pricing. So when your customers or clients start trying to negotiate prices down for your products or services, especially if your industry doesnâ€™t normally deal with negotiations, it can be hard to know how to handle it. So to help those working with customers know how to deal with this situation, here are three tips for negotiating prices with clients or customers.
Watch Your Mouth
As a business, we usually get in trouble with negotiations when we speak without thinking. Because negotiations require us to be quick on our feet, this can often lead to revealing more than we should or saying things we shouldnâ€™t if we want to keep the upper hand in the negotiations. Mike Hofman, a contributor to Inc.com, shares that some things you should avoid saying during negotiations include the word â€œbetweenâ€, expressing that you think the negotiations are getting close to an end, asking them to state their prefered number, or exerting too much power too forcefully. By watching your mouth for these words, phrases or sentiments, you will have a much more constructive time negotiating.
Finding An Easy Out
For businesses like Ford dealerships in Fort Lauderdale, negotiations are just a part of everyday life. In these scenarios, or if you have the occasional client or customer who wants to negotiate, Tim Parker, a contributor to BusinessKnowHow.com, suggests finding an easy way out by having a few go-to negotiation strategies. These could include a standard discount rate youâ€™re able to offer, agreeing to price-match where appropriate, or giving a discount for cash payments. Employing one or more of these options will make it simple for your employees to negotiate if and when the situation arises without cutting too much into your margins.
Move Away From Price
Although price is usually the first thing customers or clients look to negotiate, Ken Dooley, a contributor to CustomerExperienceInsight.com, suggests looking at other ways to negotiate that arenâ€™t centered around price specifically. To do this, Dooley recommends listening to what your customer is saying about their problems with making the sale as-is. If youâ€™re able to uncover the real reasoning behind these issues, you could negotiate to resolve those issues rather than knocking down the price. This could mesn offering creative solutions, so be prepared for what the outcome of these negotiations could mean to your company before agreeing on anything.
You never want to get in a situation while negotiating with customers or clients where youâ€™re losing money on the sale. To help keep this from happening, use the tips mentioned above to find more success when negotiating price.
Technology has advanced enormously in the past hundred years. The presence of cell phones, GPS and computers seem commonplace in this digital age. While it now may seem unusual to visit a doctor and see no computers in the exam room, this was the norm for centuries. With all of the changes businesses have to make to stay relevant and present online, it can be hard for clinics to be a visible resource. Included here are a few tips to increase the accessibility and usability of your clinic to patients.
With the popularity of cell phones, it has become surprising to see an individual without their device in hand. When all of those eyes are on screens it makes sense to advertise your business there. Whether you are a fast-food joint or an urgent care clinic, people need to be aware of your companyâ€™s name and mission. Make your business present through advertisements on social media and web pages. [Read more…] about 4 Tips for Marketing Your Healthcare Business Online
While many of us dream about leaving our 9 to 5 jobs to venture out on our own and launch a small company, it takes more than daydreams to make that happen. Did you know that nine out of 10 businesses will fail during their first year? Those are some pretty dire odds to be working with.
Thankfully, there are many resources in place for new business owners. If you want to make the most out of your first year in business, follow these five tips. [Read more…] about 5 Tips on Launching Your Own Small Business
It is easy to conclude that the main difference between non-profit and for-profit corporations is how the word ‘profit’ figures into their set goals and overall operation. The most common terms used to describe the difference between the two, however, have much to do with their reason for existence. The differentiating line between them tends to blur as each increasingly operates more like the other.
Many for-profit organizations are now including a social dimension into their operations. A lot of non-profit organizations, on the other hand, are starting to see the advantage of using more corporate methods of handling day-to-day operations. At first glance, the challenges that are inherent in running a non-profit organization may not be readily seen. The main challenge is staying true to the mission and vision, while ensuring that the organization remains ‘profitable’ enough to remain alive to accomplish its goals. [Read more…] about Why It Makes Sense for Volunteers to Run Their Non-Profit Like For-Profit Corporations
Despite the business marketplace seeming all too saturated at this point, believe that there is still room for some more. The constant evolution of needs and wants consequently facilitate the shift and growth in the demand for products and services.
Its nature being a very dynamic one therefore allows budding entrepreneurs and investors to enter the market with vast opportunities and avenues for success. There will be competition, yes, and it will be fierce. The challenge then is for the business to keep ahead the rest, using the most effective ways of calling the consumersâ€™ attention through advertising and marketing.
Then again, not everyone is gifted with the creativity to actually pursue a business idea, although they may have the money to finance it. Reverse of that, however, is that those who do have great entrepreneurial ideas do not have the resources to jumpstart it. Consider yourself fortunate if you think you have a good blend of the two within you.