Monthly Archives: July 2017

Things You Need to Know About Business Phone Systems

Before you take on the task of researching the best business phone systems out there, here are a few general things you need to know to help you make the best decision for your business communication needs.

1. Premise-based PBX vs. Hosted PBX

For the most part, there are two types of PBX business phone systems: Premise and Hosted. A premise-based business phone system requires clunky equipment to be stored within your office and is usually seen in larger enterprises. Small business owners are recommended to use hosted business phone systems for seamless expansion and cost efficiency.

2. Expensive Equipment is Not Always Necessary

One way your PBX business phone systems save you money is by not requiring you to make expensive purchases on hardware. With BYOD (Bring Your Own Device), you can use your mobile phone or keep using your existing hardware without any issues. Wiring and cabling is also not necessary as hosted PBX business phone systems are powered using your internet connection.

3. It Can Boost Productivity and Help Retain Customers

You won’t have to worry about letting a message slip through the cracks. Many business phone systems have features in place like call continuity and voicemail to email to ensure you always stay on top of your messages. Cloud receptionist features like auto attendant are also available so you can offer an overall better customer experience and keep your buyers satisfied.

4. Promotes Workspace Flexibility

Modern systems provide users with the freedom to work from anywhere. These days, you don’t need to have an office to have a business phone system; all you need is a reliable internet connection and electricity (unless you’re using a virtual PBX and operating straight from your cell phone). It’s also easy to expand your team and add extensions, as well as move from one location to another with an easy plug and play solution.

As you search for business phone systems, you will come across providers ranging from those that have been around for decades and some that have sprouted in the last few years. Although we praise experience, it may not always be best to choose a provider solely on their shelf life. Go with a provider that focuses their efforts on business solutions (some providers go as far to make focus medium-sized and small businesses their main focus) to ensure that your business communication needs are being met. Check out their services and decide whether or not they have what your business needs.

5. Not All Business Phone Systems Are Created Equal

How A PBX Phone System Can Benefit Your Business
Don’t be fooled by the jargon and heavily technical literature you may find on PBX systems. Contrary to popular belief, you don’t need to be tech-savvy to learn how to operate a PBX system. If you’re purchasing hardware from a provider, you will most likely receive a pre-configured phone that is ready to use as soon as it arrives. This makes it possible to just plug in the device and start making calls with barely any set up. Cabling and wiring is not necessary with a hosted PBX system so installation fees and downtime is not something you would have to worry about.

All of these benefits lead to one thing: more savings. Without set up costs or expensive hardware, you can use the time and money you’re saving and invest it back into your business. For even more savings, you can choose a virtual PBX phone system that allows you to run your business from your mobile phone using your business phone number. It’s the simplicity and professionalism many entrepreneurs look for without the cost of a major PBX phone system provider.

Small Business Phone System Features to Look Out For
If you’re looking for any limitation that PBX business phone systems bring, it would be that they rely on an internet connection to function. As long as you’re using a reliable internet provider your system will stay up and running; however, many PBX business phone systems offer the ability to forward your calls to an external device, like your smartphone. It’s an added security feature that gives business owners peace of mind knowing that they won’t miss an opportunity regardless of unexpected circumstances. Just like this simple call forwarding feature, there are many services within a small business phone system that can save your business.

Call recording is a great way to keep voice records, just be sure to follow your state’s laws in regards to voice recording. It comes in handy with industries like travel agencies and medical offices when there is miscommunication or an incident regarding an exchange of information over the phone. It’s a way to meet compliance standards for certain industries and has been a crucial tool for business owners who rely on record-keeping for accountability and training purposes.

You can easily streamline your customer’s calling experience with an automated attendant and customized caller menu. These two features work together to give your caller relevant information, like new promotions or upcoming changes to your office hours, and direct them to the people they need to speak with. Your callers will appreciate the updates and their positive experience will encourage them to recommend your service to others.

How to Evaluate the Performance of Your Company Based on Your Business Plan

A business plan is one of the most important documents that is needed for the betterment of the business. It includes all the need to know strategies, marketing techniques, sales techniques and financial forecasting methods that will be used to increase profits and revenue of the business. However, writing a business plan is no walk in the park. It takes a lot of time and concentration and is one of the biggest responsibilities that will be undertaken. For this crucial task there are dedicated people called business plan consultants. They will be the people who take the ideas that the entrepreneur has and converts it into a document that will be viewable by the whole world. Since this is a very big responsibility business plan consultant fee is a bit high. There are many factors that affect a good business plan and a great business plan will help the business clarify the business idea, identify potential problems in the business, find out objectives of the business and monitor the progress of the business. Since this is a very important document it is vital to keep a keen eye on the following factors when writing the business plan.

Executive Summary

The executive summary is the highlight and the brief description of the entire business. This has to be highly detailed but short enough so that a potential investor is able to read and understand the status of the business. It does not mean that it has to be limited to one or two pages.

The executive summary will include the highlight of the business concept which will describe about the product or service and the market that they are being offered. Then there are the financial features which talks about all the sales, profits, return on investment and cash flow. Then the summary has to mention about the financial requirement that is need to invest in the business and talk about the capital and how to expand the business. The current position of the business will be stating about the business’s present state and how it got here. Finally, the major achievements of the business is needed to be mentioned so that the potential investors could be impressed by the achievement that the business has done.

Business Description

The business description is about the details of the business. This should not be a highlight about the entire business like the executive summary but the in depth analysis of the business. The description has to start with a short introduction which states about the past, present and future of the industry. Here you should mention about the markets that the business will be interacting with and the future market places that business will be willing to interact with. The products or services that the business is still developing should be thoroughly discussed here so that the potential investors who have got an idea and are willing to invest in the business can get a thorough knowledge about it.

The structure of the business has to be described in the business description. The hierarchy of the business and the business places should be described in detail. The legal considerations of the business should be thoroughly stated so that there is clarity for everyone.

Market Strategies

When developing the market strategies there has to be a lot of market research done on the market place. This will give the business entrepreneur a very good idea about the potential market and how he can use the market to increase the profits of the business. After observing the market the company will be in a position to identify the strengths and weaknesses of the business and will be able to develop a system in order to identify the potential opportunities and threats. These studies will also be able to develop strategies to forecast the market place’s prices and when to supply more goods and services. These has to be clearly mentioned in the business plan so that these strategies can be used when necessary.

The Reasons Why Your Affiliate Business Is Doomed To Failure

Many an online entrepreneur has been in this situation. You keep getting back up because you know there is light at the end of the tunnel. You have tried everything, but sometimes you find it hard opening up your computer and keeping on going. When will all this work pay off? Are my friends and family right after all? Maybe I’m wasting my time and should do something else.

But then it dawns on you what alternatives you have. 9 to 5 working hours, long commutes, annoying coworkers and bosses. The unemployment line and the jobs fairs. Careers days and lack of purpose. Capped wages and job uncertainty. You realise the reasons why you are persevering online, and carry on.

I have found myself in this situation many times. I often ask myself what the best course of action is. But it always comes back to time and financial freedom. I don’t want to trade time for money any more. I want something else. I don’t want to work for anyone else or trust anyone else with my income level. I don’t want to be tied up to a job I have no love for, or with people who don’t care for me.

Why Is Your Affiliate Business Doomed

Your affiliate business is never doomed until you are beaten! But for many people they will never achieve the time and financial freedom which they aspire to achieve. Some will give up too easily and blame their business for their shortcomings. Some will try for years only to give up later. But why do so many people struggle when trying to build a profitable online business?

Number 1 – Expectations

One of the top reasons I suspect is our expectations. We see the guru’s with their Lamborghini’s and expect to have one ourselves soon too. We start our online business fully believing this to be possible but we don’t get any results.

For one, it’s very easy to ‘show your wealth’ online. Don’t expect every guru to be telling the truth. It’s much cheaper to hire a Lamborghini for a day than it is to buy one outright. When it’s a business expense you can write it off against expenses. I’m not saying the top online entrepreneurs don’t achieve great things, just to keep it in perspective. Also, most people starting an online business aren’t interested in Lamborghini’s. They want to escape their unhappy jobs and lives. They want something better for themselves.

The second point with expectations is that we can expect something too early to come from a little effort online. When we don’t see results we assume our efforts have no effect at all. The truth is that our small actions online will magnify their effect over time. Some take months to get their online business going and some take years. If you can keep positive while also having a firm grounding in reality, it will serve to keep you going for the long haul, rather than spitting out your dummy just because you haven’t made huge amounts of money for a tiny little bit of work.

Ask yourself, “Do I really deserve success for the effort I have put in?”. Often the answer will be no. Only when you keep going through the difficult times and pursue knowledge as well as profit, will you arrive.

Number 2 – Shiny Object Syndrome

You’re doomed to failure online if you believe everything the next ‘shiny object’ promises you. Jumping from one ‘get rich quick’ scheme to another is a futile exercise. The problem with the internet is there is too much information. We are overloaded with information. If you start browsing around for programs to teach you how to make money online you will be met with a full email inbox every day.

Information overload leads to inactivity. And this leads to poverty. Just when you are about to take one course of action, another shiny new ‘system’ arrives which distracts you. Before you can apply the knowledge you have learned, you ditch it for another system which offers an even ‘easier’ way to do things online!

Number 3 – Distractions

Sticking to your course is difficult online. The shiny distractions, the people in your life and the well meaning friends and family who are trying to persuade you not to pursue the life of your dreams. They will try and distract you, and put you off the idea that you can make money with an internet business. The ‘status quo’ has a strong pull for people. Going a different route scares people, and they like to be comfortable.

Holding to a regular pattern of work online can present some challenges. Especially if you have a full time job and family commitments. Your employer doesn’t want your online business to work either and will undermine you at every chance. They don’t want you to be free of your employment if they can’t be!

All of these factors will conspire to draw you away from your internet business. No one is interested in your wealth and prosperity – only in maintaining the status quo. So number 3 on my list as to why your affiliate business is doomed to failure are distractions! Avoid distractions and focus wholeheartedly on your internet business whenever you can. Do this regularly and over a long period of time and it will start producing results.

Number 4 – Lack Of Knowledge

If we all had perfect knowledge we would all be living very different lives. But in reality we don’t know everything about everything. Our preconceived ideas come from our education, upbringing, location, the people around us and the people we spend most of our time with. Those people who advise you about your internet business – are they entrepreneurs? Are they successful?

The answer is probably not. Despite this we still look to people around us for advice which they couldn’t possibly be qualified to give. The problem is, everyone seems to be a self appointed fountain of knowledge for everything!

Starting out with an online business takes some know-how. Despite the fact that an internet business can change your life, most people would prefer to browse free forums and look at YouTube videos for their information. Would a doctor or a lawyer think about doing this for their career? Number 4 in the reasons of why your internet business is doomed to failure is lack of knowledge. But more than that it is the lack of interest in developing that knowledge and continuing to improve.

The Busy Fool – Number 5

Are you being a busy fool? Are you avoiding the important to do the unnecessary? For a long time I was focused on the wrong activities with my online business. I spent far too long creating shiny websites and adjusting images to make them look better. They didn’t even get any traffic, much less make any money. In the early stages I just thought people would randomly find my websites. All I had to do (I thought) was put them up and make them look good!

Several years (years of poverty) later, I realised my mistake. Don’t be a busy fool online. An affiliate business is performance related. It’s not like a job where you can ‘wing it’ and still get paid at the end of the month. If you don’t make any sales, you don’t get paid.

Concentrate your time on doing the vital money producing activities after you have learned what is necessary to build an internet business in the right way.

Number 6 – The Wrong Business Model

You can work really hard on your online business and still make no money. Conversely, you can do all the right things and make money much more easily. The difference is knowledge. Having a business model which works for you for the long term is a huge part of this.
Some affiliate products pay you once for a sale. After that the customer belongs to them. Further sales to the customer are not attributed to you, the affiliate. Think about the lifetime value of a loyal customer for a business. If you choose an affiliate program which rewards you for the lifetime value of a customer, you are gearing your activities to be profitable in the future, even after the initial sale.

Membership products allow affiliates to earn month after month for a single sale. Are you using them? Struggling affiliates are missing a trick with this one. Membership sales can last a lifetime for each customer.

Are you using a built in sales team and up-sells? A built in sales team can dramatically improve your bottom line as an affiliate. This is particularly true of high ticket sales. Use all these aspects in conjunction with each other for maximum effect. Sell single items for minimum commission and you will have a long road ahead of you to make your business viable and to quit your job (if that’s one of your goals).

The Best Internet Business

What Is The Best Internet Business?

There are several Web Host giants on the internet that provide private label rebranding to small business owners. This might be the best opportunity to “piggyback” on well-established businesses if you are just starting out in internet marketing. This gateway for unlimited wealth is made possible due to the growing demand of digital marketing in regions that are outside the scope of these large corporations.

In order to gain a share of the market, these corporate web companies offer reseller plans to small businesses which take their products and services, rebrand them and sell to business owners at a profit. These products include domain name services, web hosting, online storage, business productivity software, and tools.

There is quite an advantage in being a small business retailer because one is able to customize their business at the local level and meet the demands of their growing market on the World Wide Web. Let’s look at the definition of digital marketing to understand why the demand has grown significantly over the past decades.

What Is Digital Marketing

Digital Marketing involves all functions that are geared toward promoting online business activities. This includes but is not restricted to products and services in subcategories such as Domain Name registration, web hosting, email marketing, web design and development, software applications, sales and marketing, social media marketing and consultation, and all medium through which businesses and individuals advertise and market their products online.

Retail Marketing

Retail Marketing refers to activities geared toward end users of a web-based business solution such as domain names registration, web design services, software apps for business and personal use, social media management, web hosting and other activities that promote online communication.

As the need for business solutions intensifies, business persons become increasingly concerned about meeting the demands of the online industry, and therefore the Pros and Cons of the internet business become relevant.

The Cons of Digital Marketing

One would think that the more customers you have, is the more profits you are likely to acquire but the truth be told, the more the business will become more challenged due to competitors, need for online bandwidth, web creativity, uniqueness, and need for customer service due to increase in customer queries and the need for technical support.

The ProsĀ of Digital Marketing

Fortunately, some web hosting reseller business plan come with independent customer service team that manages concerns and queries of clients on their behalf. Another positive thing about being a domain reseller is the handling of payments and processing of sales. As a web hosting reseller, you are given the opportunity to re-price your products to earn commissions from your own business.

Another pro for being a reseller is the fact that starting your digital marketing business does not require an exorbitant startup cost nor high overhead expenses to operate effectively, nor initial products, compared to other online ventures. Products are sold through the distributors but your private label is displayed discreetly in the sales operation and therefore your business receives the credit!

How Do I Become A Web Hosting Reseller?

There are two ways to become a Web Hosting Reseller and Domain Name Registrar. One can sign up as an affiliate or an actual reseller.

  • An affiliate gets a commission from advertising online products that the Web company (suppliers) market, using links and codes on approved websites.
  • Reseller uses their own brand to market the Web Company’s products (supplier) and services at a higher rate of returns. End users see the reseller’s products and services as their company’s brand and not the Web Company’s image.

Affiliates display the name of the wholesaler or provider (Web Company) through banner advertisements and other forms of internet marketing, similar to a franchising arrangement.

How Much Does It Cost To Run A Web Hosting and Domain Name Business?

It is very alarming to find out the actual cost of starting your own internet business. The subscription for a reseller license varies from $89-$499 annually and it depends on the provider or web company. Most persons prefer to do business with Web companies that offer a variety of affordable products and services. Once a business plan is purchased, one can start selling immediately online.

Some Web companies provide a retail storefront with the domain name search field. Other features include the following:

  • Dedicated customer service team support for your clients
  • Marketing software to assist in promoting their brand online. Resellers are expected to purchase their domain name to start promoting their retail internet business.