To People Who Want Your Own Business – But Don’t Know Where To Start

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Being your own boss is a dream that hundreds of thousands of people aspire to every year. But out of the many people that start a business each year, approximately eighty percent fail. But, that also means that twenty percent of the dreamers build a successful business. Whether you want to open a family business, or you intend to build a chain of stores, there are some common elements that are necessary for success.

A Business Plan is necessary for every business no matter how large or small. This plan should include such things as a description of your business and your plan for its future success. Operating without a business plan would be like starting on a vacation without knowing where you were going. You would make it somewhere, but it might not be where you wanted.

A good business plan is written as a guide for your business. List what your objectives are; are your business objectives only to make a profit, or are you interested in long term expansion. These are questions to ponder.

Your business plan should include a marketing plan. How will your customers know that you are there? What types of advertising are best for your business? Advertising rates can vary widely depending on which media you choose to use. Newspaper advertising may be successful for one promotion, but not for others. One business owner that I know created a very expensive radio advertising campaign during a basketball tournament to advertise a clothing store and did not do very well with the promotion. Other times, I have known radio campaigns that did very well. The best way to “get the word out” will vary from location to location.

Be realistic. Your competition is a major factor to think about when considering opening a business. Perhaps there are too many stores that sell the same items that you want to sell. Visit the businesses that are going to be your competition; or have others visit them and report back to you. You may learn a lot from what others are doing. You may also learn what things they are doing well and what things that you can improve. Every person has been in a business and after leaving thought about things they would do if the business were theirs.

Opening Capital. How much money you will need to get started is something that is often under estimated. I would suggest that you estimate everything that you can think of that is necessary and at least double it. It may not take that much, but I have found that it is better to be over capitalized, than to be under funded. And, you will always have expenses that you forgot.

Finally, find out what your potential customers want. The adage “If you build it, they will come,” is not necessarily true. If you are selling something that customers in that area don’t need or want, the likelihood of success is minimal. Having a clothing store that specializes in men’s suits would not seem to be a good idea in a rural farm area. However, having a clothing store that sold jeans and overalls might do very well in that area. Ask yourself questions. If you do not purchase items very often that you are considering selling, chances are that your potential customers will not either.

Do your homework. Opening a business is hard work and taking shortcuts on your research will only hurt you in the long run.

And Do Not Give Up. There will be plenty of difficult times in the beginning. But if you persevere, perhaps you will be one of the twenty percent of the businesses that succeed and prosper. It will feel good to be your own boss and you will decide that it was well worth the headaches.

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Paul Taylor is a business owner that helps other business owners and entrepreneurs locate wholesale distributors and dropshippers. Visit his website www.WholesaleMap.com" target="_blank">www.WholesaleMap.com for information about wholesale sources or opening a business.

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World's Most Unusual Moving Company

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Shawn Lyons Story

http://www.rabbitmovers.com/

Rabbit markets itself as an anomaly in an industry with a bad rep, capitalizing on a staff of artistic types, word-of-mouth referrals, and a Web site that posts positive customer testimonials and descriptions of extra services traditional moving companies don't usually offer.

So far, Rabbit's bare-bones sales and marketing strategy—except for maintaining its site, the company spends no money on advertising—is working. Rabbit's founder, former itinerant writer Shawn Lyons, who started the moving company in 2004 for $1,500—the cost of a 1981 Dodge Ram cargo van—estimates revenues will be around $300,000 in 2006. This is up one-third from a year ago. "Originally, I was just going to do the 'man with a van' thing and have time to write," Lyons says.

But about nine months into helping friends move their furniture in his spare time, Lyons decided he was onto something because demand kept increasing. So he pursued the licensing and insurance required by New York City and State and started to build Rabbit into more than just a traditional moving company, carving out a niche with young urban dwellers.

Today Rabbit, apart from making residential and commercial moves within the New York metro area and renting storage space, also offers massages ($80 per hour) and feng shui ($200). Clients normally take advantage of these extras after the move. Moving prices range from $100 an hour to a flat $1,500 for a complicated, labor-intensive move that includes packing.

Toby MacPhearson, a 31-year-old information-technology worker in Manhattan, paid Rabbit about $650 to move from the neighborhood of Chelsea to Hell's Kitchen, and is glad he took advantage of the feng shui service. "I was mostly in it for the practical aspect: It helped me reduce my stress by helping me set up the apartment in a logical manner," says MacPhearson, who has since referred two friends to Rabbit.

Still, Rabbit is a tiny presence in an industry that generates approximately $7 billion a year in revenues and employs an estimated 450,000 workers. David Sparkman, a spokesperson for the American Moving and Storage Assn. (AMSA), an industry advocacy group with 3,400 members, estimates that there are 5,000 to 6,000 mostly small, family-owned moving companies, with just a handful of large van lines.

With so much competition out there, concentrating on a unique group of customers has helped Rabbit establish a strong reputation. Apart from Rabbit's positive plugs in its Web site's testimonials section, sites like Apartmenttherapy.com and Brooklynian.com include posts such as: "Rabbit Movers are awesome. I've used them and passed them on to friends as highly highly recommended."

That seal of approval lends multiple benefits to Rabbit. "The notion of community in an urban setting leads to positive word of mouth, customer loyalty, and branding, and it seems like Rabbit has all of those," says Heidi Neck, assistant professor of entrepreneurship at Babson College.

Those who hire Rabbit to help them move shouldn't expect stereotypical movers. "Most of our guys are artists or in some creative field; they're just a really creative bunch," says Lyons, who counts chefs, painters, musicians, and writers ranging in age from 23 to 43 as his employees. "We're trying to move away from the perception of movers being supermacho creeps. Movers kind of have a bad rep in New York, and for good reason. There are a lot of scams, so we try to combat that," he says.

Aside from wanting to work with people whom he liked on a personal level, Lyons says it was easier to communicate the tone he's trying to create for the company to people who already intuitively understood it through their own experience. Trying to nurture friendly interactions with clients further sets Rabbit apart from the competition.

Since good employees are the key to creating a good moving experience, Rabbit pays fair wages across the board. Lyons says most of his movers make between $13 and $15 an hour, while many other companies pay workers under the table or at minimum wage. Keeping morale up, he says, is a necessity when your primary selling point is alleviating stress for the customer.

Also atypical of a moving company: Rabbit's community of young movers and customers is forming around the Brooklyn art scene. Lyons studied literature and writing at Temple University in Philadelphia and wanted to have his career fit with his creative background. So he recently bought and renovated a space in Brooklyn's Dumbo neighborhood (Dumbo stands for Down Under the Manhattan Bridge), where he now rents space for artists to display their work.

Not directly related to Rabbit's moving business but intimately connected with its people and its style, the studio will host exhibitions at this year's Dumbo Arts Festival, and some of the artists will be Rabbit's own movers. Lyons says most of the people he expects to attend the exhibition are former customers who asked to be added to the Rabbit mailing list.

The company also specializes in moving art for galleries. Lyons says the movers' appreciation for the work establishes a trust between them and the client. "What's really great is that they're not just movers, they're really smart guys. In a business you need things that are malleable—people who are quick and able to adjust to what you need," says Priyanka Mathew, gallery director for Gallery Arts India, one of Rabbit's clients, and a former banker at Goldman Sachs. Mathew says Rabbit has moved scores of contemporary Indian paintings and sculptures without damaging a thing.

The company also employs a design aesthetic on its Web site, trucks, and T-shirts that appeals to its target demographic of young urbanites. "I just went along with what I would want in the aesthetic of the designs, the character, and quality of the movers. So far it's working, I think," says Lyons.

Rabbit's faithful clients—Mathew included—agree that the company's got staying power. "I really think this is the way that business is going to be moving—especially small business. You have to be sound fundamentally, but to create a niche and an edge, you've got to try and differentiate yourself, and that's what Rabbit does very well," says Mathew.
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Building Residual Income With A Website

Earn Residual Income Through Different Payment Methods

Residual income just does not happen. A person has to build it. One of the best ways to build residual income is through a website. A website gives a person many opportunities for residual income. Websites are also a great platform because they create many advantages for the website owner. Building residual income with a website is something anyone can do, all it takes is the drive to do it.

Websites are a great tool to use in building residual income. They operate 24 hours a day, 7 days a week. They are always available for customers and they do not need constant managing to work. They are the ideal employee. The website can have a shopping cart to take and process orders and payment. It can have a catalogue of merchandise, too. It is both an employee and store in one.

Besides taking orders there are ways to optimize a website to help a business earn even more money. One idea is having a subscription site. The main part of the site with the catalogue and shopping cart is public, but a business owner can make part of the site for subscription only. This part of the site must offer something a person would be willing to pay for and something that a lot of people would be interested in. People pay a fee to become a member and have access to the members only part of the website. Another option is offering an affiliate program. This is a residual income in itself, but tied in with a website and a person can really skyrocket their business. on the other hand a business owner could join some affiliate programs and advertise them on their website. This would create two streams of residual income and provide a sense of stability of income.

To get started a person has to build their website. There are many places a person can find help to do this. There are templates that make it super simple to build a professional website. It is important, though, that the website look professional and is easy for the customer to use. Professional website building services are actually reasonable priced and may be the best bet for the more technically challenged person. That way they can make sure that everything is set up on the website to optimize it for making money.

The internet and websites have really changed the face of business, especially small business. They take a lot of the costs away and make it affordable for almost anyone to build their own residual income based business. The potential for success is amazing and all a person has to do is build their website to get started.

By: Diep Tran

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Diep Tran is Internet marketer, owns a Plug-In Profits Site and webmaster of Internet Home Business Opportunities. For An Internet Home Business Opportunity To Make Money Online, Visit: www.internet-wealth.biz

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