What is key in any business success story is an adequate networking plan–a plan that can help launch your small business from the ground up.Generally, it is hard for a new business to become noticed, and even harder to gain your first few clients without any success stories to back up your claims. Your formal marketing plan should therefore project the right networking mix. The right networking mix is about being proactive-in a sense that you leverage your business and personal connections to bring you regular supply of new customers. The whole idea about business networking involves relationship building-and it must be strategic and focused on networking for business growth.Professional Network ServicesWith business networking, you step up to the challenge to find avenues of opportunity that you may have otherwise never discovered. You really do not want to start your business to fail due to the decisions that you the owner makes. In other words, for your enterprise to grow, you have to be prepared to work hard, make decisions, and spend money where it matters. For instance, you may consider using a few prominent networking organizations who have successfully created models of business networking activity. A few notable examples of professional network services include LinkedIn, Viadeo, XING, and WiseStep. Using these professional network services can, in fact, be most effective in terms of generating business opportunities than advertising or public relations efforts.Online business networking can also be a cost effective method of launching your small business. Businesses are today increasingly using social networks as a means of growing their circle of contacts and promoting themselves and their business online. And with the global expansion of businesses, social networks make it easier to keep in touch with other business contacts around the world.Small Business AwardsFurther, face-to-face networking through referral business clubs also have the potential for higher quality business relationships. There are also a vast majority of awards given to businesses locally, countrywide, and globally. The different type of these awards, such as, but not limited to, small business awards, innovation awards, new business awards, local and entrepreneurial awards, are a great way to project your business accomplishments to a wide range of community of prospects. For instance, for more than 50 years, National Small Business Week has recognized the outstanding achievements of America’s small businesses for their contribution in their local communities and to the nation’s economy. The range of National Small Business Week award categories include:· Small Business Person of the Year Award· Small Business Exports of the Year Award· Small Business Development Centre Excellence and Innovation Award· Veterans Business Outreach Center Excellence in Service Award· Women’s Business Center of Excellence AwardThe US Chamber of Commerce also hosts the Dream Big Small Business of the Year Awards Program sponsored by Sam’s Club. The other National Small Business Awards you can win cash for, gain national recognition and valuable networking opportunities include:· The SCORE Awards· The American Business Awards· Inc. 500/5000 Awards· Ernst & Young Entrepreneurial Women Awards· Ernst & Young Entrepreneur of the Year Award· The Better Business Bureau Torch Awards for Marketplace Trust· The SVN Innovation AwardsApplying for some of these awards is crucial when it comes to recognition. Research is vital when trying to find awards you fit into. Researching far ahead of time and making a list is probably the best way to enter into as many awards as possible. Even though some awards have fees, enter any way, because the reward for your business would be huge. And when you get any awards, you get to put the award on your website and social sites as show of early accomplishments.
How Business Networking Can Help Launch Your Small Business From the Ground Up
Five Tips for Selling at Live Auctions
Ah, the old-fashioned country auction! The idea of a country auction conjures up certain images for people. The image of a fast-talking auctioneer offering up an antique table or chair is a popular example.
People who are buying household goods or collectibles are looking to get their items at the lowest price possible. However, the people who are selling their items at auction are hoping for the highest price!
Unless a person is in the business of buying and selling antiques or other items, not a lot of thought goes into how goods are prepared for sale via the auction process. However, if you are one of the growing number of people using auction venues to sell your collectibles or other inventory, there are a few things to learn first about how to sell at auction before you bring a truckload of stuff over to the next event.
Tip 1: Make sure the things you want to sell are a good “fit” for the auction house you’ll be using.
Never bring a load to an auction house without actually having been to one of the previous auctions. It’s important to get a feel for the type of goods that the house sells. For example, at one very rural country auction it was common for the owners to sell live chickens, pots and pans, car parts, and farm equipment.
After close investigation, this would not be the right venue for selling your daughter’s “Hello Kitty” collection. On the other hand, the spare John Deere parts that you bought at last week’s yard sale might be just the right thing for the buying crowd at this auction.
Tip 2: Be sure you clearly understand the terms and policies of the auction house.
Visit with the auctioneer ahead of time. Call to find out what the best days and times are to visit. One of the worst possible times to drop in for an informational visit with an auctioneer is the day of the auction. Call ahead and ask. While you’re at it, find out what are the best days and times to drop your stuff off.
Once you have a little time with the auctioneer, you’ll be able to find out what type of commission he or she takes from consigners (which is you), and what type of paperwork might be needed. Some auction houses send out Form 1099 tax forms at the end of the year. An auctioneer may need to see your identification and have you fill out a W-9. Be prepared.
Find out what happens to your items if they don’t sell. For example, some auctioneers may have a minimum starting bid. If, for some reason, one of your items does not sell, it may be grouped with another one of your pieces. Know the auctioneer’s strategy beforehand so that you aren’t surprised on pay day.
Tip 3: Make sure the auctioneer knows what you’re selling.
It might be perfectly obvious to you that the signed print you are consigning is a rare and valuable piece of art. However, the auctioneer may not know this particular artist. Make a note of anything particularly special about your items, and leave the note with the piece. Be sure to tell the auctioneer about it as well. He or she might determine that this is something to highlight on the company website or in the newspaper listing.
Tip 4: Present your items neatly.
No one likes to have to dig through a box full of grimy and greasy car parts to see what treasures might be in there. Separate the parts and lay them out on a flat, or use more than one box to de-clutter the lot.
There is no need to buy fancy display boxes. It’s easy enough to go to the local convenience store or supermarket and ask if you can have the emptied boxes or flats that they are discarding.
While it’s good to present clean items, take care not to ruin the value of anything by over cleaning. For example, if you find some old cast iron cookware, clean the obvious dirt and grime, but don’t scrub it to its original finish. For many people, this ruins the value of the item. So, clean and tidy and organized is the key here.
Tip 5: Don’t complain to the auctioneer if your stuff doesn’t sell for as much as you’d like.
The phrase to remember here is, “You win some; you lose some.” That’s just the way it is. There are some days where an auction house is loaded with people who all seem to want what you’re selling. There will be other days where the crowd is sparse, and the bidding is simply not competitive.
Remember that it’s in the auctioneer’s best interest to sell your things for the highest possible hammer price. But sometimes, it’s just not going to be a stellar sale. The auctioneer is only human, and is also disappointed if a sale doesn’t go as well as planned.
If you notice that every time you bring a bunch of goods to sell that you’re not realizing as much as you think you honestly should, try another auction venue and compare apples to apples. That is, bring the same types of items to the new auctioneer and compare the results.
Unless the auctioneer is particularly disagreeable or inconsiderate to you or buyers, there is no reason to confront him or her about a sale. If you find you just don’t care for an auctioneer’s style or methods, find another one. Believe me, there are plenty of them out there!
The primary thing to remember as you learn how to sell at auction is that the business is unpredictable at best. You will have good days, some not-so-good days, some great days. The more you sell, the more experience you will gain, and the more enjoyable the business will be.
Home Based Business Leads – Why We Use Them
So you have run out of people to talk to about your network marketing business? Now you’re looking for a way to find more people to expose your business to? You may have heard about the concept of home based business leads. The question is, why do we use them to build your businesses?Home based business opportunity leads work when you know why you use them. The key is you need to have the proper expectations going in.You must understand the purpose of using leads. If you are using them because you are scared to talk to the people you know, that is the wrong mentality to have. The people that you know are significantly more likely to join your business than the people that you don’t know. This is true, even in situations where you may have been involved with another business opportunity in the past.The only reason why you ever purchase a business opportunity lead is so that you can recruit that person into your business and then connect with the people that this person knows. You don’t recruit that person and then tell them to start buying leads. That is a waste of your time and money.Case in point, one of the top income earners in my upline lives in California. He purchased home based business leads and started calling them. He came across a gentleman that lives in North Carolina. He recruited that guy. This guy got off to a slow start, but he did recruit his brother in New York. His brother in New York got off to a very fast start. He hit the leadership position in the compensation plan in only 72 days.The brother had quick success but he didn’t last. However, he did end up recruiting another gentleman. That other gentleman didn’t do anything, but recruit someone that he knew who was a carpenter. The carpenter recruited only one person, but that one person ended up building a team of thousands of distributors, created a full time income on a part time basis and is closing in on a six figure income.That gentleman’s son recruited me and that’s how I got into the network marketing business.Now if my upline would have taught his recruit to do leads and not show him how to recruit his brother, that leader would have never showed up and I would have never joined this industry. You wouldn’t even be reading this article right now!So make sure you keep this fundamental fact in mind when you decide that you are going to use them to build your business. Understanding the proper use for home based business leads will help you to build a successful network marketing business with them!