In 2017, sales promotion spending grew by 2.6 percent and is expected to keep growing by 3.5 percent by the end of this year. But even if you, as a business owner, invest more on your promotional strategies — not having a well thought out plan can backfire. You might even find them cutting into…
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Business Development: The Basics
In the simplest terms, business development can be summarized as the ideas, initiatives, and activities that help make a business better. This includes increasing revenues, growth in terms of business expansion, increasing profitability by building strategic partnerships and making strategic business decisions. “Business Development Executive,” “Manager of Business Development,” and “VP, Business Development” are all impressive job titles often heard…
64 Creative Marketing Ideas to Boost Your Business
We’ve all hit it – that wall that seems to sap away all your magical creative marketing juices. Suddenly you feel like Peter Pan without his pixie dust.All you need is a bit of help to kick your marketing strategy back on track. And guess what? We’re dishin’ out 64 creative marketing and advertising ideas…
Will my business idea work?
It’s important to look critically at your business idea when determining if it is worth investing your time and money. A feasibility study covering a particular aspect of business can help to reveal if your idea has a good chance of success.Market feasibility Commercial feasibility Other considerations Your feasibility study should include an assessment of…
Innovative Business ideas & Business Plans for Beginners
Do you want to learn what it takes to go from idea to fast growing business in less than 12months? Or you are looking for a low risk way to invest your money for high returns, while keeping your day’s job? If you answered YES to any of the questions above, then you are welcome…
11 Best Distribution Business Ideas
Starting a distribution business is a profitable affair. It is one of the easiest ways to become businessmen with less overhead compared to manufacturing business. If you are aspiring entrepreneur planning to start your own business, you should consider distribution business as a business option.The success of wholesale distribution business depends upon proper strategy, execution,…
Introducing New Products and Services as a Business Owner
Regardless if you’re a freelancer, online merchant, or brick and mortar business, introducing a new product or service is crucial for your business’s growth and profitability.However, introducing a new product or service is an investment. One that requires careful planning and organizing if you want the launch to be successful.There’s always the possibility that the…
16 Strategies to Keep Your Small Business Organized
If you’re looking to grow your business, you need to get started in the right way.To get the massive growth you’re hoping for in the coming years, you should make sure your business is organized.This is easier for a large business and a huge budget — and hundreds (or thousands) of employees — plus plenty…
12 Creative Business Ideas for Kids in 2020
Business ideas for kids typically require little training, minimal equipment, and are time flexible. Before officially selling their services, children should practice the job with family and friends. For example, they should learn the basics of lawn care by tending to their family’s yard as a prerequisite to providing lawn maintenance services to paying customers.Every…
15 B2B Business Ideas for 2020
If you want to be a profitable startup in 2020, you should provide services to other businesses as a business-to-business (B2B) company. While service businesses are relatively easy to start, many entrepreneurs shy away from them, preferring to promote a product. Let’s highlight 15 B2B services that you can provide in your startup in 2020.1.…