Products Interested by Customers Communities can be formed in many ways. For example, through social media, offline events or by creating online forums. To create a community on social media, you must post content that will attract people who share your interests. You also have to make sure that the content is interesting enough for many followers to follow.
Define the core values of yourself and your community
It is very important to establish core values for a brand. Because, with core values, it can be a reference for the activities of your business. Core values can be the grip of everyone who joins a business so that the business will become solid and can focus on the goals to be achieved. Not only become the grip of members, this core value can also give a strong identity and character to your brand.
Not only that, collaboration has a role in building core values. This can be done by creating a blog, podcast, or YouTube channel so that the audience contains people who are interested in the same thing. However, a community is not just a group of people who share the same interests. It’s more than that — a …
The culinary business is one of the promising business opportunities. Even though you only have a small capital, a culinary business can be started immediately. But before starting, first learn some important tips on how to start a business in the culinary field with this small capital.
How to start a culinary business can be started with small steps. If your passion is in the food and beverage sector, then a culinary business with small capital can be done immediately. However, don’t just go along with opening a culinary business. Here are 9 ways to start a culinary business with small capital that you can do.
The first step in starting a culinary business with small capital is to first prepare the menu concept and how the business will be run. When do you cook, before or after an order comes in?
There are many choices of culinary menus that are liked by consumers today. What do you want to sell? Now there are various contemporary drinks such as coffee, ice cream. Then market snacks, pastries, or sweet pastries such as donuts, brownies, chocolate bananas,, bread. Then a variety of rice with the main menu of chicken and …
Every business actor whose part or all of their business activities are carried out via the Internet, it can be said that they run an online business.
This business activity includes buying and selling products or goods online, as well as providing online services, and many other types of business that can be found on the Internet in various industrial fields.
Online business activities can be realized in various types such as websites, online stores, blogs, to social media accounts.
However, for how to start this business, you need to have the right steps to make the business continue to grow.
Here are some tips on starting an online business.
Know Your Prospective Online Business Consumers
Before starting to sell products in online stores, the first step you can take is to determine the right consumers for your products.
Do your research first. You can start by being active on social media and pay attention to what you need and what items are most sought after.
Usually people choose online shopping because it is fast and easy. Items that sell quickly are items that concern everyday life. Such as fashion, equipment to support daily activities, to technology products.
A successful entrepreneur or entrepreneur certainly goes through a long journey. However, there are some qualities or characteristics that can encourage and help you to survive in facing all challenges in a business that is full of competition. If you currently have a business that isn’t working as expected or feels like it’s not growing, then it’s important that you see it as a motivation rather than a shortcoming.
Willingness to fail successful entrepreneur
Of course, making a business from scratch must have its challenges or failures during the course of the business. The reason a person is afraid of failure is usually due to fears of being ostracized by the surrounding environment. In fact, the extreme is someone who is afraid of failure because he feels this is a social threat and is afraid to be shunned because he is considered useless to those closest to him.
However, as entrepreneurs, unyielding nature is a must so that we don’t give up easily if we experience a failure. From these failures, it can be used as a lesson and motivation for you in the future in order to minimize failure in business. Failure is a gift. Every entrepreneur has to …
Not all online merchants are able to make sales quickly. However, don’t worry! There are many who take advantage of trends or sell items for popular products. For example, selling medical masks in the midst of the Covid-19 pandemic. You can take this opportunity when everyone needs to wear a mask anytime and anywhere. Take a look around you about what customers need and are in love with, then study and fill that opportunity to sell online and make a profit.
Think about the brand
Every product is a branding opportunity. When building an online store, you are also building an identifiable brand and product choices should reflect the brand’s style, ethos and atmosphere. When building a brand, try to consider your target audience, as well as what potential buyers want and expect. Then, think about what they would say about your product.
Send free samples to Influencers
The internet is packed with influential bloggers, journalists, entrepreneurs and vloggers from various industries and niches. You just need to find the right one. Many of them have a large following on social media and a loyal audience on their account. Sending free samples of products to influencers in the same industry …
The business process itself is the core of the organization. It represents the overall tasks, activities and workflows that achieve the mission and core goals of the business. Well-defined and documented business processes help organizations achieve their goals faster, lower costs, reduce errors, and give employees more time to focus on higher-value tasks. To have effective business processes, organizations need to identify which tasks are most critical to the desired results, ensure accountability, streamline communication channels and set standards for how the business conducts its activities.
Review current business processes
It will be helpful for you to start by reviewing what you are currently doing in your business processes. You can do this by looking for redundancy and low-value activities, bringing in stakeholders and other key people who run the process on a day-to-day basis to evaluate what is working and what can be improved.
Start by defining the purpose of the business process
When creating a business process, it is important to do it with an end in mind. Organizations need to figure out what the goals are for specific business processes and work their way from the goals to the sub-processes and tasks.
List activities, look for inefficiencies
Discount promos can be used to attract people’s attention. However, when is the right time to issue a discount promo? By knowing the right time, your promo has the potential to be more efficient and strategic. Of course this helps your promo work more effectively.
Holidays include holidays, children’s days off school, shopping and others. You can do discount promos before the big day.
Consumer Special Day
Unlike the big day discount, this time the discount is more personal. For example, special discounts on birthdays, first time buying or registering to become a member, payday dates and so on. This discount can bring you closer to consumers.
You can provide attractive offers when participating in certain events such as bazaars, exhibitions, festivals and others. This helps to keep your booth crowded because it has appeal.
Celebrate your business or brand
If on special days consumers are more focused on customer moments, this time discount promos can be given for special moments from your business. For example your brand anniversary, new branch, number of followers on social media and others.
With this promo, it is hoped that consumers can be closer to your business. Here are four …
Hobby is one activity that you enjoy and may not make you more burdensome. For that, you can try to build a business based on your hobby. It is also suitable for those of you who are looking for a side job. So, what hobbies can you apply to build a business?
Writing and publishing online has the potential to offer you a lot of practical value, beyond just being a hobby. You can use it to advance your career and become an expert in a particular topic. You can share your ideas or rent your expertise.
Illustration and design
Like writing, illustration, and design are creative money-making hobbies, and you can do them at home on a freelance basis.
Sell your music to make it a business. You can record your song or album to sell it on a website or host it on a platform like SoundCloud.
Cooking is a money-making hobby that you can share with the world in a variety of ways. This can range from a blog, YouTube, or Instagram account dedicated to recipes to getting straight into the business of making your own food or cooking products.
Gardening has seen …
Collectibles are valuable items that are also collected by people. The form can be in the form of stamps, coins, cars to NFT. Then, collectibles can also be defined as items that are now more valuable than when they were sold. Investing in collectibles is a great way to diversify your portfolio while also having things you love.
Here are some of the advantages and disadvantages of investing in collectibles that you can know.
Collections can diversify your portfolio. This is because many advise not to put your eggs in just one basket.
Collections are physical assets. You can hold rare collectible coins in your hand. Apart from that, you can also take them with you and sell or trade them anywhere in the world.
Follow your passion
Unlike stock or bond investments, you can enjoy your collection while waiting for its value to be appreciated. You can display rare paintings on your walls, or drive a vintage car on the weekends.
Of course, true collectors love to find what they want. This taste is also just as satisfying when you already have it.
You can get collectibles either at local stores or through the …
As an entrepreneur, you need to come up with a solid business plan. A business plan does not always predict the future of your business, but it will serve as an early and middle stage of business development. Keep in mind, if you know this, it will work and help to attract funds and potentially get new clients. In order for your business plan to become more solid and attractive, you need to think like an investor. This can help you increase your chances, be more objective, and focus on the financial aspects especially in practice. To find out, you need to know what aspects are prioritized by investors, as reported by Entrepreneur.
Every investor wants to contribute to a business with high profitability potential. Reliable or savvy investors are usually more interested in how practical the idea is, how much it costs, and how quickly it starts making money.
Investors are also usually concerned with scalability. If you don’t have an expansion plan or a plan to multiply your income, then there’s a hard limit to how much money the business can make.
Mitigation of risk
Every business will come with risk, but a good investor will …