What are the benefits of having strong business goodwill?

goodwill

Goodwill is simply defined as the reputation of a business built over time. This reputation also has a value that increases or decreases when the reputation of the business changes in the market. Every business, be it big or small has a goodwill. Maintaining goodwill’s status and taking steps to increase its value is a [...]

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Posted on March 31st, 2014 Written by Robert

How can you become a good wholesaler?

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In this era of vast competition it has become difficult to outdo competitors. However, as a wholesaler, you can still try to remain ahead of other players in the market by doing the following. 1) Quoting sugar-coated prices When you face high competition in the market, you need to offer penetration price, i.e. lowest price [...]

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Wholesale, Wholesale Suppliers

Posted on March 12th, 2014 Written by Robert

What makes an online business beneficial?

online-business

While thousands of people are going online with their business there are still some who like to keep their feet firmly on the ground. While a brick and mortar store is definitely more tangible than an online store, fact is that an intangible online store provides you with additional customers and saves you a lot [...]

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eCommerce

Posted on February 27th, 2014 Written by Robert

What benefits can you reap from cost cutting?

CuttingCosts

Cost-cutting means that you need to cut your expenses to lower financial burden from your business. This technique is usually used when a business goes through economic hardships and also when you work in a highly competitive market. In my view, every business that is run for profit –making should always seek to cut costs [...]

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Posted on February 27th, 2014 Written by Robert

Which catalysts can cause your profitability to burgeon?

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Every manufacturer, retailer or a wholesaler remains on a lookout of increasing business profitability. Different strategies are adopted in this regard to remain ahead of the competitors, increase market share and thus increase profitability. Let me tell you some of the important catalysts that can cause your business to generate increased profits. 1) Innovation Innovation [...]

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Posted on February 26th, 2014 Written by Robert

How to draw in customers for your online business?

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So you are all set with your online store and you have a dropshipper to help you but there are no customers? Let me tell you about a fact! No matter what merchandise a business sells, the company will definitely stumble without loyal customers. If your business is all set, you need customers to propel [...]

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eCommerce

Posted on January 30th, 2014 Written by Robert

You need a dropshipper, Mr. Start-up Businessman!

dropshipping

Starting a business is often expensive as you have to put some capital to actually buy the merchandise you intend to sell. While the merchandise might cost you a considerable amount, leasing/buying a shop may even cost you a fortune! Then you also need customers to buy your product but if buyers fail to show [...]

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Dropshipping

Posted on January 30th, 2014 Written by Robert

Which are the four stages of a product’s life-cycle?

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When a product enters into the market, it usually follows a complete life-cycle after which it disappears from the market. For instance, lately, the video cassettes were used for watching visual content, but now the concept of video cassettes seems to be alien, as CDs and USBs have overtaken them. This means that the video [...]

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Posted on January 29th, 2014 Written by Robert

Innovation – a tool to grow your business

innovation

Innovation can be delineated as the process of bringing uniqueness in the product and making it more value-adding for the target customers. In today’s era, when competition has surged significantly in the global markets, innovation is one such tool that can allow a business to outdo the competitors and gain market share. We can quote [...]

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Posted on December 27th, 2013 Written by Robert

What is the new trend of marketing?

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Marketing is such an important function that businesses cannot afford to overrule. There are many ways of advertising business products through different mediums, but today, the trend is shifting towards online marketing. Online marketing has become an important tool for the businesses to expose their products to a wider range of online audience. This doesn’t [...]

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eCommerce

Posted on December 26th, 2013 Written by Robert