by Lito on October 10, 2008
It’s inevitable, recession is starting in the U.S. already and may affect the world’s economy. Many businesses are already laying off many workers and many business already folded up including many online businesses. But what about advertising? According to the article I read, its just the opposite. Many recessions already hit the United States and companies who survived knew what to do to save their company. It’s called
“Branding”. In a weak economy, that’s what companies should be doing. They should advertise to make their name look important and stick to the minds of the people. It will also make an impression that a company is doing all right despite of a bad economy and many will be loyal to the products they are selling.
Recession comes and goes and the saying is true that “History Repeats Itself” and “There Is Nothing New Under the Sun”. In the article by Svetlana Gladkova at Profy he points out things about online advertising, and how it will be affected as our economy worsens. She provides a very thought-provoking analysis on the subject, comparing it to what advertising was like in the great depression. This is some of her analysis: [click to continue...]
by Lito on September 30, 2008
Although I haven’t attended a time management seminar, I have a feeling that its all just common sense. I thought that time management will teach you how to accomplish many things in a short period of time and yet when I remember my previous manager who always boast about his knowledge in time management, he is still lousy.
I read in New York Time website about human beings given an an adequate amount of time and yet we still complain that we don’t have enough of it.
Everybody gets the same amount of time: 168 hours in a given week; 8,736 in a year. And yet a common complaint among entrepreneurs and small-business owners is that they wish they had more time.
So what do we really need to manage our time effectively? Here is an advice from Donald Wetmore, who conducts time management seminars, offers a number of ideas — some obvious, others not — on Powerhomebiz.com, a small-business Web site.
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by Lito on September 24, 2008
Selling and buying on eBay is fun and most of the time you can get an item for bargain and sometimes hard to find items. But recently I encountered a seller that only accepts GCASH which is definitely forbidden in eBay because it is the same thing as Western Union and Money Gram. Sometimes I fall into temptation on asking bidders to pay via GCASH but when it comes to me being I buyer, I doubt if the seller is a scammer or not. But if the seller have a good reputation with a least 50 feedbacks and all of them are 100% positive or with just a tiny percentage of negative feedback, then maybe the seller can be trusted. But if the seller have only 1 feedback or worst, a zero feedback, then you know what to think. He or she’s maybe a scammer. It’s also hard to sell a pricey item if you are a new member on eBay.
You have to build your reputation first by having as many feedback as you can. One trick I know is try selling items less than a thousand pesos. This way buyers will not have a hard time to think if they would buy an item let’s say 5,000 pesos or up. If the buyers really need the item, they would risk a certain amount that seems to be not as big as 5 to 10K. But eventhough many eBayers get away with payment methods not permitted on eBay, they are not protected by eBay’s Standard Purchase Protection Programme (SPPP). You’ll be reimbursed up to a maximum of P 11,200.00 (less P 1,400.00 to cover processing costs) but requires that you pay the item with the payment method allowed in eBay. I think using other payment method such as those quick money transferring service will leave you unprotected.
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by Lito on July 14, 2008
Online selling communities can prove to be a great boon for retailers. It allows you to reach customers nationwide (or even worldwide) without having to spend on a physical store, on expensive marketing campaigns, on additional staff, or even on site design. With some ingenuity and a good working knowledge of the ins and outs of the site you’ve chosen, you can put up a profitable home-based business that virtually runs itself
What To Sell?
Keep in mind that buyers go online to look for bargains or for hard-to-find Items, so used items, collectables, antiques, gadgets and imported goods are very popular on these sites. It’s a good idea to spend a few hours browsing the site to see which items move fairly fast in that particular community. You can look at the site’s ”Hot Auctions” link, or look at the items offered by well established sellers with a long selling history or high feedback scores.
Importantly, some of these sites allow you to sell internationally- eBay Philippines, for example offers it as an option while on Amazon.com international exposure is automatic.
To get started, most sites require nothing more than for you to undergo a fairly sample registration. Some sites may require a credit card, to which fees may later be charged In any case, registration is usually pretty straightforward, even fort he most inexperienced new users. The simplest and fastest way to learn the ropes is to register and participate in the process first as a buyer. This way, you get to learn the entire process and forestall any potential problems.
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by Lito on July 13, 2008
Profit sharing in a business among the investors is really common sense. It is obviously the percentage of your investment versus the total amount of the capital. But even though we can go through with it without going to the standards, it is better to have it in order for us to deal in harmony with our business partners. According to the standards, if for example the total capital of a business is Php100,000 and your contribution is Php25,000, you will get the percentage of your share by dividing 25,000 to 100,000. In this case you will get 25% of the profit.
It is really common sense if you look at the standards. In case the total capital increased because other investors contributed an addiitonal capital, then your share will decrease. For example another Php50,000 was added to the initial capital, then it will become php150,000 which you have to divide 25,000 to 150,000. Your percentage of profit share will be 16.7%.
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