Deadly Business Mistakes to Avoid

Hey guys, today I was buzzed by a friend, who said that Daniel Scocco just released a new report worth a read on his blog site.

“10 Deadly Business Mistakes You Should Avoid”

It’s a very short report, so easy to read, but contains some great info. I like to share this common mistake that we do, and I am going to admit that 4 years back I did the same mistake.

One of the mistake is “Lacking money focus

The Internet is certainly erupting with opportunities. All it takes is an idea and passion to build a website around it, and in a matter of months you could have a real business on your hands. Curiously enough, this abundance of opportunities is also what leads many online entrepreneurs to fail. How come? Because they end up trying to pursue too many things at the same time.

They start several blogs, promote affiliate programs, create mini websites for AdSense and offer consulting services on top of that. As a result, they end with average, if not mediocre results in each of these activities. If you want to create something powerful, you need to concentrate your efforts on it. This is true for most things in life. Just think about light. When you have dispersed light beams, they are not that strong. When you concentrate the light beams, however, they become very powerful. So powerful that they can cut steel! This is the concept behind the laser.

Testing with different business models and ideas is ne, but once you decide what direction you want to go, you will need to focus all your time and energies on it.

As you probably know, the online market place is a crowded one. You have thousands of blogs in every niche, hundreds of websites in every segment and dozens of online companies offering similar services. If you want to be pro table, you need to be the best at what you do, and you will only achieve that if you have a laser sharp focus.

This obviously does not mean that you will need to stick with one project for the rest of your life. If you grow your business effectively there will be a point in time where it will pretty much stand alone, and you will be able to step back and pursue new ideas. Until you reach that point, however, you need to focus ALL your time and energies on that single project.

Get to know more by grabbing your copy now – 10 Deadly Business Mistakes to Avoid Link

Take just a few minutes now from your day to read his free report, you will be glad you did and you will thank me later!

Have a great day,
Rosli Hanip

My little advise to you:
Overall I still believe there are no shortcuts to success. Whether you work for a corporation or have your own small business, if you want to succeed you’ll need to work your butt off. If you have your own online business, on the other hand, all your sweat will go into something that you actually own. If you hit a home run, you’ll collect all the profits, and you can also decide to sell the whole business down the road.

OK, grab the free report today!

Reduce Expenses in a Home-Based Business

Hi! Hope you have a great weekend with your family. During the weekend I received few emails on asking how to reduce expenses on my work from home business during this difficult time. Working from home is less costly than renting office space. Once you have decided to skip the hassle and expense of commuting, there are additional ways to reduce your costs. Here are some tips for you today.

1. Keep complete and accurate accounting records, and review your expenses at the end of each month to determine where you could cut back.

2. Join a purchasing alliance for small and home-based businesses to get discounts on everything from health insurance to office supplies.

3. Purchase a multifunction copy, fax, scanner, and printer machine. This can save on the costs of buying each one of these separately. (All-in-One machine).

4. Take tax deductions for business use of your vehicle and home.

5.  Try to earn supplier discounts by paying an invoice within 10 days of the invoice date.

6. Give free Internet access services a try, i.e. free broadband hotspot.

7. Talk to your insurance agent about ways to cut insurance costs.

8. Use a small business accounting program instead of paying a pricey accountant software. This can save you hundreds or even thousands of dollars a year.

9. Do not pay for marketing and promotional services for your home based business. Use your website as a way to advertise your products and services. Add your URL to your website in your signature when participating in online forums and groups. Take your business cards with you to pass out whenever you meet someone who might be interested in your services.

10. A fellow friend helped me learn an important lesson. Write up a job description and send it to the career placement office at your local college. If you want a student with a particular major – such as biology or marketing – contact the secretary of that department at the college. You will help a student gain experience while you get the assistance you need.

new intern

11. Learn how to build a massive list of targeted followers fast with Twitter. Discover ways to get targeted followers on autopilot! Just set it once, forget it about it and start seeing floats of followers to your Twitter account in DAYS!

The Art of Selling by Alec Baldwin

Wow! I got an online training from Alec Baldwin today.

The Art of Selling.

Here are the 15 tips that can help any techie transition into sales:

1. Learn to be comfortable interacting with others and try to develop a comfort level in talking with people you have never met. Joining a couple of social groups such as Toastmasters International that assist all types of professionals in public/group speaking can help.

2. Consider taking a sales course at a nearby college, entrepreneurial center, chamber of commerce or an online class.

3. Develop a strong level of self-confidence in your ability to speak effectively and sincerely about your product or service. Believe that if you convince prospects to become your customers they will be better off because of what you sold them.

4. Seek mentors who have been successful in sales or sales management. Use them to bounce ideas off or and share your enthusiasm for being in sales.

5. Remember: Everyone is a salesperson to some extent and nothing happens in any company — or any relationship — until something is sold. If you are married, you “sold” your wife on marrying you. Competent teachers are salespeople too. They’re selling ideas and concepts to motivate students.

6. Be able to convince your boss (or a senior sales manager in your company) that you are confident in your ability to sell and motivate others.

7. Start by asking your manager if you can assist in a “sales support” role so you can observe how a sales professional handles preparations and objections.

8. Learn to become a good listener — if you are not already — and remember that successful sales professionals cannot sell anything if they don’t listen to and understand the needs of their buyers.

9. Consider the possibility that you may be more qualified than you realize. Technical managers, for example, have sales skills because they are responsible for motivating others, getting projects approved, and selling management on larger budgets or additional tools, to name a few.

10. Find out who your competitors are and examine the merits and pitfalls of their products. You will be selling against them.

11. Know your products and their advantages over those of your competitors (i.e., price, ability to ship, quality, or value-added concepts your company offers).

12. Learn how to use the sales professional’s most valuable tool — the phone and now with Skype or Yahoo Messenger. Be comfortable and confident in what you are saying. Don’t be disappointed by rejection.

13. Be prepared to handle rejection. It’s hard to take in the beginning. Once you gain confidence though, it ought to be a motivator.

14. Learn how to deal with objections to setting appointments or resistance to buying your products, and learn how to ask for an order (close the sale). If there are no objections, there will be no sale. When your prospects ask questions they are asking you to tell them why they should buy.

15. Know that a sale is always being made. Either you sell your prospect on the advantages of buying and a sale is made or your prospect sells you on the reasons for not buying and you lose the deal. Even a commitment for another meeting or follow-up action is a sales commitment which can lead to a sale.

These are tips for a conventional sales person but since I am now doing my business online, get in for the free tips here. Online Business is a thing to do in this current economic situation.

Cash in on your talents

Guys, in this current economic situation many people are looking for alternative ways of making money. Some people are contemplating of quitting their job to find a new job with higher salary. My advice is do not do that. As in this current situation, employer tend to tighten their belt and may consider retrench their staffs and may not hire new anyone. If you quit your current job, you may face problem finding a job yourself. So what is the alternatives? Get a second job. Do a work from home chores. So as the title speaks today, “cash in on your talents”, will be the best choice if you consider it wisely.

Example if your hobby is taking high-quality photographs, it may well earn you some passive income. Explore the possibilities to all photographers out there to to sell your photos to the world online. Get this idea into your head with these wordings, “Don’t let the photos sleep in your hard-disk drive or thumb-drive. Let them make some money”.

Same goes if you are a talented writer or your passion is writing, you could earn money in your sleep via royalties from books or songs that you have written. Same goes if you are a chef, writing cookery book is viable to making money and could do it online too via blogging strategies.

So guys there are ways for you to make money with your gifted talent. Do not waste your talent. Make good use of your talent to make money and believe me, if you manage to do that, you will like it and upon time you will quit your 9 to 5 job easily. Why? Because you have convert your passion into money making machine. 🙂 Many people have done it and who know this will be your time.

Today, go home, have a nice shower, sit in front of your mirror and ponder about this post today, “cash in on your talents”

Starting your own business

Guys, I think I already discuss this topic sometimes ago but today I would like to share what I discussed with one of my friend yesterday. He is still working with one of the corporate company in Malaysia for more than 10 years now. And yesterday I walked-in into his office to discuss few matters on the current business that I have with his company. While discussing, I noticed via his body language it told me that he have something to ask me. Suddenly my guess is true, he changed the topic and asked me, “What do you think if I quit my job and take care of my business fulltime?”.

Then he told me that he had already been running a company with couple of his friends to do some business but of course not related to his current work. But the business need him to attend for few meetings during office hours and he felt that it is not right for him to divert his time from his 9-5 job to attend to the meetings on behalf of his own company. He felt that he is not sincere to his current employer. What a noble guy to have such a feeling or principle on what is right and what is not. So I told him, “Dear friend, just ask your gut feelings out of it. If it says you have the will power to forgo your current job and concentrate fully to run your business, by all means go for it.” To me it is all in our mind. But I told him to get ready of some important matters. I said, “If in the difficult times or the hard times or the early days of your business, and you forsee yourself could sustain your style of living for at least a year or so, then you are ready to jump into the band wagon of the business world.” This is to me is no. 1 item in your check list.

To do your own business you need a preparation too and let’s start out with a few questions about you, your resources, and your abilities:

  1. I can afford to quit my job and live on next to nothing for at least a year or two
  2. I can work part time and get my business going on the side until it takes off
  3. I have good credit so I can easily get funding for my business for inventory, salaries, etc.
  4. I am good at managing my time
  5. I like to train and manage others and I am good at managing people
  6. I always take responsibility for my own success or failure
  7. I have a network of contacts I can use to get supplies and services
  8. I have good negotiating skills
  9. I am willing to take risks to achieve my goals
  10. I know the value of a Business Plan and how to write one
  11. I am willing to work very long hours, including weekends and to forgo vacations to get my business up and running
  12. I can quickly jump from small tasks to larger planning issues
  13. I communicate and work well with others
  14. I can do my own bookkeeping and accounting
  15. I have the personnel, partners or resources to fill in the blanks where I don’t have the skills to do the job myself AND I will be able to afford to pay these people.
  16. I can communicate my passion for my business to bankers, lawyers and customers alike
  17. I am a good sales person
  18. I like to work hard
  19. I have enough assets or money to invest a reasonable amount in my own business
  20. I am good at problem solving
  21. I am not afraid to learn new things
  22. I know how to set goals and measure results
  23. I accept setbacks and keep on trying
  24. I can work on a ‘shoe-string’ and I am great at managing money
  25. I understand the importance of marketing and know the difference between marketing and advertising for a small business vs. a large corporation
  26. I am a good God given servant.

If you were able to say ‘YES’ to more than half of these questions, you have starting from a position of some strength. If you were able to get 75% of the items above, you are likely to do well in your business, provided you choose the right business type and the right location.

Are you ready to become your own boss? Be Your Own Boss: The first tip.

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