SaleHoo – Deciding on the Product to Market With SaleHoo

Nowadays, there are lots of people who are finding for any possible way to have an income, either a full time or a part time one. Even those who are into a stable job are also in search for a way to additionally generate an income. You will see that most of these people turn into opportunities provided on the web. They usually land or prefer wholesale business online. This kind of business is relatively beneficial to all who wants to establish an online business, especially to those who do not have adequate amount of capital. This is true because starting an online business do not ask more capital and much of your time.The very first thing to get started with your wholesale business online is to select the certain product to sell. In connection to that you must also not forget to decide on what product you really want to sell. If you choose clothing, then stick with it and never change your decision time after time for it will affect in launching of your business. Since you choose clothing, you must now get clothing that you will see. It is very important that you conduct a study or a little research in the market.You must know what kind of clothing that is hot in the market at present. In short, you must choose the clothing that is bestseller and surely marketable. Aside from that you must also consider yourself in choosing the product, you must know if it is really the one you like to sell and you can capably sell. Now that you know what must be done in selecting the right product for your wholesale business online, it is time for you to find the one that can provide you with that.With the thousands of people who are into this business, there are also thousands of sources where you can get the certain product you will sell. Just one of these sources is SaleHoo that is known to be one of the leading directories of suppliers now. SaleHoo can be a great aid for you in selecting the best merchandise to sell online because of their list of best selling products and the list of suppliers that you will definitely need to your business. Now that you already have the supplier for the marketable clothing for your business, it is time for you to start with it then manage it on the way that can lead into more income and success.

Launch Your Dreams!

Just about everyone has dreamt of one day being their own boss, owning their own business and doing what they love to do. Whether you love to cook and want to open your own restaurant or you have designers eye and would like to open a staging or design company. The only thing stopping you is YOU!

All great businesses start with an idea. However a great idea cannot be set into fruition without drive, motivation and perseverance. I know what you’re thinking; what about capital, cash, dollars, dough, funds, greenbacks, money, moo-la. Well, some capital maybe necessary depending on what type of business you’re launching. We will get into creative ways to get started with little or no capital as well as some ways to generate capital in other articles. Just remember that the most important capital in your business is you. If you’re driven, passionate and focused it will overflow to your partners, employees, colleagues, and so on.

So, what do you love to do? What are you passionate about? What do you have a lot of knowledge and experience in? What do people ask your advice for? Where do you see yourself in 5, 10, 20, years? What can you see yourself doing as an Entrepreneur? Think about these questions and create a business plan. It doesn’t have to be an elaborate one at first but consider it a roadmap and try to take all things into consideration. First and foremost, start up costs if applicable: rent/occupancy, website, payroll, taxes, utilities, phone, internet, equipment, inventory, supplies, loans, professional dues, insurance, advertising, gas/transportation, shipping etc… It’s no secret that many businesses fail in the first few years and in my view it’s mostly due to poor pre-planning. Some prospective entrepreneurs plan their vacations more thoroughly than they plan for their business. They plan for what if scenarios and have alternate plans prepared. The same approach should be applied when starting a business but it should be much more thorough. A good business plan is not only to help your banker understand your vision, which is critical to any financing request. It also helps you focus ideas and strategies, and measure their effectiveness down the road.

Make sure you do your due diligence, research what needs to be completed before you can conduct business legally and properly in your city / state or contact an online incorporation service that can prepare the proper documentation for you. Know your competition; you should know your competition better than they know themselves. This is going to go a long way in marketing your company as well as overall customer satisfaction. You might gather vital intelligence on what they’re doing during a slow economy and be better prepared to respond. If you plan and prepare more effectively than your competition, you could benefit if they can no longer meet their customers’ needs or keep them satisfied.

Know your customers, find out who any and all of your potential customers can be and plan or market accordingly. Customer relationships are everything in business and will keep you going when things get tough. In fact, the bonds of enduring relationships are forged in hard times, so here are three important steps to take: First, engage your customers in regular dialog on how an economic downturn is affecting them or their business, how they might respond when things slow down, and then be prepared to offer solutions. Second; provide unparalleled customer service. Being honest and responsive will help set you apart from your competitors. Last but not least; reward your best customers by adding value to the relationship, e.g., more lenient payment terms, employee or referral discounts, loyalty rewards. Plan for long-term success with longer term contracts (if applicable); ask your satisfied customers how you could increase the business you do with them. You might propose a discount to customers who agree to sign a long-term contract or who are willing to pay cash up front for contracted products or services. The notion of receiving cash up front is attractive because it feeds your cash flow and can make it easier to receive favorable financing from a bank. If you are willing to trade some income for some security, then both parties win.

If you’re a startup be prepared for what Bankers look for when you approach them for financing. As a startup, you must convince your banker by your Business Plan that your business will be successful. We will get into that in more detail in the next paragraph. Since your business is new, the bank will look closely at how you’ve repaid personal debts. Get a copy of your credit report. Address any problems up front. A bank doesn’t want to provide all the money to start your business. The amount you invest from your personal assets shows how confident you are in your ability to manage a profitable business. Collateral, the bank needs to have something with which to secure the loan. You can provide information on this in your financial statements. This will show assets, liabilities, and owner’s equity. Show how you’ll repay the loan with a monthly cash flow projection. Include details about the assumptions you used. A Business plan will help the banker understand your vision, critical to your financing request. It also helps you focus ideas and strategies, and measure their effectiveness down the road. Last but not least; You should have experience and expertise to success in your industry. Prepare a professional resume or biography that demonstrates this.

As mentioned previously you must create your most valuable Document, Your Business Plan. You should know, Your Business Plan should not be created just to obtain a loan. The Business Plan should keep you focused, get your employees and partners engaged, and should be flexible so that you can make adjustments and modifications as things change. It can also determine whether you are ready to go into business. You may not think you need a business plan or just don’t understand why it is so important to have one. A sound business plan will help build your business, weather market fluctuations, manage sudden growth, and prepare for changing business conditions. It will help you manage your business better. Here are three reasons why:

First: Objectivity – You will be better able to identify areas of weakness and strength, identify needs you might otherwise overlook, find opportunities early, and starts planning to best achieve business goals.

Second: Efficient Management – If completed properly, the finished product will help you manage your business and work effectively toward its success. But only if you implement what you’ve written, and measure results against projections. Don’t put it in a file and forget about it. Lack of planning is why more than half of all new businesses fail in the first five years.

Third: State Your Vision – Your employees, investors, and lenders will understand your vision if you have a well written plan that provides the basis for your financing proposal. If your venture is marginal, the business plan will show you why, and help you steer clear of the high tuition of learning through business failure.

Every Business Plan should include: Cover Page, Overview, Business Description, Product/Service, The Market, Your Competition, Business Location, Management, Personnel, Intended use of Financing, Desired Results from Financing, Financial Data/Accounting System, Risk Analysis and Rationales for your projections.

Good Luck!

Why an Integrated Workplace Safety and Wellness Program Is Best

Employees are a business’s most valuable asset and keeping them safe and healthy should be a priority for any company. Many businesses have a workplace safety program and a wellness program, but the two programs operate independently of one another – but should they? There are some compelling reasons to integrate the two so that employees can benefit from a more global, holistic approach to staying safe and healthy on the job.

To adequately address health and safety issues, companies need to look not only at whether an employee is performing their job safely but whether they’re healthy and fit enough to do their job without a high risk of injury. Issues like obesity, poor physical fitness and inadequate nutrition make it harder for employees to carry out certain tasks in the workplace.

The link between health and safety

According to research published in the American Journal of Public Health, people who are obese are at higher risk for occupational health issues and injuries. When obese staff are exposed to chemicals on the job, they’re at higher risk for occupational asthma and heart and lung issues compared to a non-obese person. They’re also at greater risk for ergonomic issues and bio-mechanical problems including carpal tunnel syndrome. If companies focus on workplace safety without addressing the obesity issue, the bigger problem remains. A unified approach that integrates occupational safety measures with wellness initiatives that emphasize good nutrition and weight control provides a more effective solution to the problem.

There’s also the issue of back injuries. Back injuries are one of the most common workplace safety issues, and people who are overweight and physically unfit are at higher risk for injuring their back on the job. Most back injuries occur as a result of lifting objects at work and ergonomic issues. Although it’s not possible to prevent all work-related back problems, integrating wellness with safety by emphasizing regular exercise to strengthen muscles in the lower back can reduce back injuries. Integrating workplace safety and wellness offers a more well-rounded approach to preventing back injuries.

What part does wellness play in safety? Wellness programs that focus on stress reduction, smoking cessation and alcohol and drug-related issues are also important for workplace safety. According to a study published in a Canadian publication called The Daily, smokers are at greater risk for being injured at work compared to non-smokers. Among women, the risk was nearly double. Stress does more than just affect employees psychologically – it increases their risk of being injured on the job. Employees who are under stress at home or at work are distracted and less able to focus on doing their job safely. Integrating stress management into a workplace safety program can help reduce the number of injuries and motivate employees to be more productive. Nutrition is another factor that a workplace safety and wellness program should address. Employees who start their day with only a cup of coffee are more prone to blood sugar drops that can lead to workplace injuries. Good nutrition is an integral part of any safety program.

There’s another benefit of merging wellness and workplace safety. Employees are less likely to participate in programs that address workplace hazards than they are wellness programs that focus on personal benefits. Integrating the two makes it more likely that employees will take part.

The bottom line

Combining workplace safety with wellness has a number of benefits for both employees and employers. Most importantly, it helps to create a safer, healthier and more productive workplace – and that’s something every company should strive for.