Making Money Ideas – Small Businesses

Basically there are no easy ways or skipping steps towards making money. A profitable business can increase the sales by employing a professional but if your business is at the edge of struggle then you may need some money making ideas to continue generating income.

There is no absolute channel to make quick money, especially if you are a business owner. No doubt, if your business is doing well then you have no worries to continue producing money from the employment of more experts. But if you are a beginner or is balancing your float in the business field, then you should give a try to some business ideas.

Among the many make money ideas, one of the foremost is to get your customers say yes to you. Try to ask direct questions that require a yes or no and ask them in a way where more likely the answer will be a yes. Most of the time after several agreement from your customers, it is much easier to continue persuading them into the purchase or at least show more commitment towards the product.

Another money making idea is to repeatedly staying in touch. This suggestion is asking you to have contact with every client after a successful trade. Instead, try to stay connected with your customers to update yourself about ongoing things besides grabbing any business opportunities. A brief follow up conversation with your clients could be an excellent arsenal towards making a profit.

Besides the two listed make money ideas, as a businessman, you should never hesitate to offer a guarantee. Offering guarantee or providing a trial offer to your customers is a rather effective idea to make money. Besides boosting their confidence, they can try out the product or service before deciding upon the purchase. This may be a good selling point as customers’ confidence is pretty contagious so the spread of news will help increase your sales.

Apart of that, there is one money making idea called opening the doors with smaller sales. If you are a beginner in the entrepreneurial field or have yet to gain popularity, you may first focus on the small sale to earn a new customer. Perhaps you can offer a free or inexpensive trial on the product or service to attract your clients. Besides, this can be a survey platform as to understand the customers’ needs and wants thus business owners can plan and arrange business strategies to expand the business sales.

Marketing Ideas Small Business Owners Can Use to Get More Referrals

Many professionals and small business owners want more referrals. They know referrals are a big part of their marketing strategy.   However, many people are reluctant to ask for referrals. It makes them feel needy, greedy or pushy.  But it doesn’t have to be that way!

What is the number one question people ask you?  It doesn’t matter what you do for a living.  The question is always the same.  Ready?  It is:  “How are you?” 
 
If you are like just about everyone, your answer is always the same: “Fine.”  That is a dead-end street.  Next time, use that as an opportunity to talk about your business. 

 
Try something like: 
 
“I’m great.  I’m working with a new client who (describe your client).  I’m helping him by (fill in what you are doing to help that client).  I really like working with people like that because (say why).”
 
Now here’s the important part. Ask for a referral.
 
“Do you know anyone who (describe your client again)?  If you do, let me know.  I’d love to help them, too.”
 
Need an example?   
 
Here’s something an accountant might say.
 
“I am great.  I am working with a client who wants to retire and sell her business in a few years.  I’m helping her get her finances order now, so she’ll be in good shape when she is ready to sell.  I like this type of project because I know with my help, she’s going to get a lot more money when she does sell her business.  Do you know any business owners who are nearing retirement age?  If you do, send them my way.  I’ll be happy to review their books and see if there are areas that need updating.”
 
Need another example? Here is something a restaurant owner could say.
 
“I am great! I just introduced a new menu. It has some heart-healthy entrees on it and my customers love it! I like providing food that tastes fabulous and is good for my customers, too. It makes me feel like I am really taking care of them. Do you know anyone who is interested in improving their eating habits? If you do, send them my way. Be sure they tell me they know you. I will be happy to give them extra-special treatment.”

 
With a little modification, you can also use this type of message in written communication (seasonal cards, e-mails, etc.) to your contacts. 
 
Give it a try!  You’ll soon find getting more referrals is a lot easier than you thought.

How to Find Small Business Ideas That Match Your Assets and Skills (Part One)

Finding the right small business opportunities ideas that suit you most and with big potential markets before investing your hard earned money is crucial. This step is one of the most important steps you need to perform. Although this step can be a difficult one, it also can be a rewarding one. For that reason you need to be careful. It is the foundation of your business and you need to get it right the first time to save time money and effort.

Business ideas are everywhere you go. But, how do you discover the small business opportunities ideas that suits your skills set, your personal objectives, can be profitable and will be HOT for years to come?

Finding a niche idea needs some search and it’s not hard as you think. The following methods will show you tons of different niche marketing ideas that you can choose from to start your niche business.

Rule of thumb

People like to learn almost about anything. They like to learn about your expertise, other cultures, other people, all sports, products, services, history, health, fitness, etc…. People like to learn about things that are meaningful to them, and they like to explore new horizon. Give them what whey want and you will be in your way to success!

1 – Create a Business About What You Already Know and Then Become the Expert!

“If you work on something you love, you don’t have to work a single day in your life.”

Take an honest look at what you are good at. What hobbies or interests do you have or have you had in the past? What did you learn in your day job? Are you a good cooker? Do you raise kids? Etc…

Try different things and discover what you really enjoy doing and what makes you happy. Ask friends and family for their opinion and they will tell you on what you are good at.

If you don’t have any expertise or hobby to turn into a business (what is very rare) you can turn your problems or challenges into profitable business also.

Most of inventions in the word came out of problems and challenges the inventors were having in their lives.

“There is a great marketer that I know who turns his high blood pressure sickness into profitable business. You see the picture!”

The best way to make good money online is to create value in others’ lives. Give a solution for any problem to make others’ lives easier and they will give you their money.

You see! You can turn anything into a business just don’t under estimate any subject.

Make a list of all what you enjoy doing or what problem you came a cross. Don’ think about how you are going to make money doing those things yet.

If you are really passionate about starting a business of your own and still having hard time trying to figure out which small business opportunities ideas are right for you because you don’t find a subject that you can easily talk about. You still can find a way to start your business.

Here are some places where you can pick up ideas to help you find your way.

2 – Getting Small Business Opportunities Ideas From Magazines.

Magazines are a good source of small business opportunities ideas. Publishers don’t publish magazines that don’t make money. To earn profits, magazines must have subscribers and advertisers. Make sure the niche magazine you prefer has been around for a year or so. That way you know there is an existing market to your niche.

You may look for the repeat ads in magazines. People don’t advertise products if they do not make money doing it.

3 – Visit directories and Online Portals and You Will Find Plenty of Small Business Opportunities Ideas.

Directories are good places where you can get ideas. Search beyond major industrial sectors and look at sub-categories within each and see which one much your ability, your skills or you like most.

Visit dmoz.org, Yahoo.com or any other directory of your choice. Drill down some categories and sub-categories to find potential niche markets. These sites have huge categories lists, which you can use for ideas.

Online portals are also good places where you can pick small business opportunities ideas. Go to eBay.com and drill down through the categories. Each category is broken down to sub-categories. Click on the category of your choice and see how many sub-niches are available for you to choose from.

Amazon.com is a huge online retailer that sells a huge range of products such as ebooks, music, video, DVD, electronic goods, etc. It’s divided into a large number of niches. There you will find huge choice of small business ideas. Make a few notes of potential areas you might consider.

4 – Visit forums.

Forums are also good places where you can pick excellent business ideas. Look for the most asked question. Find out what forums’ users common problem. Ask questions to find out what they are thinking, what they are craving, and what irritates them. This way you can pick a good idea and go with it.

5 – Use Lycos Search engine.

The top 50 list of Lycos is a great way to find what people are searching for. They also keep archives. Here is the URL: http://50.lycos.com

If you’re just starting out don’t try to compete with the top 50 that are listed, but with a little imagination, you can come up with sub topics based on what Lycos tells you. If you keep looking long enough, you might even find some patterns and be able to figure out some of the future top searches.

6 – Ask For Help.

– Ask questions, life is about asking questions, not about knowing answers. Don’t be afraid to ask questions if you don’t understand something.

– Ask for help when you are having difficulties. Most people like to help others and will willingly offer information and assistance particularly when the individual is grateful for their help.

– Search for free info products using your favorite search engine and you will find plenty of quality free ebooks, reports, magazines, newsletters, etc… that can help you find great business ideas.

You still don’t find any subject that you know to talk about to turn into profitable business! Ok, if you are passionate about starting your home business you still find a way…

Learn About What You Like to Do.

When visiting these places find out what are some things you don’t know but have burning desire to learn more about. Collect as many information as possible about your topic of interest and start learning. The net is offering wealth of FREE and low cost information designed to educate people about any subject they want.

As you can see, there is a wealth of tools and places where you can go to get ideas for your niche. Just take action in whatever way makes sense for your situation and your life. If you take action you will never fail!

Spend, as much time as you can, think carefully about your topic to make sure it is the right selection. You’re planning a business. So, don’t rush it.

Create a list of at least 20 potential niches ideas. Write down as many information as you need about all small business opportunities ideas you consider.

Now, you are ready to go to the next step. Your next step is to make sure which ideas are profitable to turn into wining business.