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Villager Senior
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Posts: 4,527
Join Date: Jan 2005
Location: London, , United Kingdom
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08-08-06, 06:51 AM
SoulSweet wrote:
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@ Le Moor
Le Moor wrote:
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Nice to know SSweet that the thread may be helpful, thank-you.
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Anyway...no i dont run a business, but find the subject very interesting. It goes without saying its the way forward for us and those capable should take the plunge.
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Most definetly its the way forward its certainly got me thinking more about business.
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I plan to eventually and know what im going to do, but not just yet.
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What about you, are you in business or do you have plans to start one. If so what is it?
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I'm not in business at the moment. I plan to start up my own music lounge (yeah i know its a big one very frightening idea lol.)
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and i'm in the middle of writing a poetry/short stories book. I'm stil young(just turned 18) so things could change but its good to think about things early. i've also been thinking about renting properties (um when i have money), my mum does thisat the moment she developes them a bit and then rents them. And it doesnt seem as hard as it sounds, it seemsto me like Athaba might think so.
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Would you have any tips for the music lounge and possibly about getting the book out( doing as much of the work i can do myself and not putting it entirely in the hands of some other company). i'm doing events management this year at uni so that helps with the lounge issue.
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Whats a music lounge? Is thisanother word for Bar?
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Sorry but cant tell you much about publishing either, except success is going to depend very much on how tenacious you are in getting a publisher to give you a deal.Will more than likely have to knock on a lot of doors, some doors a few times until you're accepted somewhere. I would imagine you would need to take this route rather than printing yourself and then trying to get them sold.
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Can talk about renting properties all day. I have a few rented but see them more as long term investments rather thana business. You are right though its not that difficult to do just need to apply yourself. Good you're thinking about these things whilst you're young too. My advice would be to develop your self employed habits and instincts whilst you're young as its much harder to break the habits and mindsets that restrict employees, as time goes on.
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why wasnt a thread like this started a looooooong time ago this is what the people need.
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Whats worrying is that there has been little discussion around the ideas which is why im not that enthusiastic to post more frequently.
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Village Newbie
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Posts: 35
Join Date: Feb 2006
Location: London, United Kingdom
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08-08-06, 03:30 PM
Le Moor wrote:
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SoulSweet wrote:
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...Whats a music lounge? Is thisanother word for Bar?
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its a place where people could comewatch people perform, could betop artistsperforming or have open mic sessionsfor public to perform (rapping, singing, poetry etc), usually live music.there can be a bar/diner available as well. they vary. sometimes they can have small dance spaces however they are not usually places for raves- its a lot more chilled out than that, people have seats hence the lounge part. think along the lines of MTV Base Lounge.
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Don\'t allow a temporary situation keep you from your permanent position.
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Villager Senior
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Posts: 4,527
Join Date: Jan 2005
Location: London, , United Kingdom
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12-12-06, 01:50 AM
[align=center]26, Internet Marketing[/align]
YOUNG INTERNET WIZ-KIDS LISTEN UP IM GONNA GIVE YOU A GENUINE OPPORTUNITY THAT WILL MAKE YOU RICH IN YOUR FIRST YEAR.
Heres an idea which can make you exactly £171,000 net profit in your first years earnings.
I have a client who is only 23 years old and made this much in his first year of setting up this business.
Project facts - Driving traffic to various companies via the internet and recieving commission for each customer who signs up to an offer. Let me give you an example. Recently i saw an ad on the internet which said free flat screen Monitor. Now because i have recently bought one it caught my attention so i decided to follow it through. You click on the banner ad and it takes you through a few basic questions such as name, address etc. Then in it shows you about five different offers from five or so different companies. Offers ranging form credit card deals to joining a gaming site or CD mail order group. Bascially to get your flat screen you must take out one of the offers. Now as i needed to transfer a credit card to a 0% one, it was ideal and got me to act on something id not been bothered to do previously. Once you sign up for the card it will re-direct you back to the site. At this point i was thinking "OK im due a FREE flat screen now". However at this point you will automatically read the term and conditions. The TC say that in order to get the monitor you must recommend 6 other people who all sign up for at least one deal. Now at this point i left it as i couldnt be bothered.
I'm sure you've all been through those type of sites on the net. Well the thing is my client set up one of these sites and made a £171,000 net in the first year. Its a realitvely straight forward business to set up. It sounds like a scam but actually its not. If you do get your friends to register you will get the free IPOD etc......
The business proposition is in each time someone signs up to an offer in the hope of gettinga freeby, the company concerned pays you a commission. So your job is to simply drive traffic through these sites.
What you would need- A little knowledge of internet marketing. A source for designing sites. Advertising capital for banner ads.
Pros- Make a load of money overnight.
Cons- it may appear unethical at first glance, however its perfectly legit. The only area of contention would be the play on the word 'free' as ultimately you may pay elsewhere with another product or service.
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Villager
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Posts: 113
Join Date: Dec 2006
Location: , , USA
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01-01-07, 12:53 PM

Elmo says.."Have a wonderfully AWESOME New Year Everybody!!!"
____________________________________
Audrey
http://www.KISSmylayoff.com
"My Business *SPEAKS* For Itself!"
____________________
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Villager Senior
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Posts: 4,527
Join Date: Jan 2005
Location: London, , United Kingdom
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11-02-07, 04:38 AM
[align=center]27,Market Research[/align]
Project Facts- is a service large companies find invaluable. It quite simply tells them what their customers want. Small businesses, however, are rarely offered this facility and have to leave this important matter to chance. There is definitely an opening to offer an efficient service researching markets and demand for small businesses. Very few businesses are not ready to spend money in order to make money.
What do i need- office space at home or small rented office. Telephone, PC, Stationery. The ability to converse with small business owners. P/t workers to conduct surveys.
Pros- its a service many need, but are not getting. Easy to set up. Service generates considerable customer interests
Cons-Questionnaires need careful preparation
How do i operate- you offer MR to small businesses, telling them what customers want, and thus giving the information they need to improve trade. Most small businesses don’t have time to do this themselves, As a result they can waste time by trying to sell products no-one wants, or they might lose money by neglecting to sell things people want to buy. Your service is very much geared to increasing efficiency and directly increasing profits.
To start, research the customer potential for the service. Most types of small business are potential customers. Shops and home based-businesses are also good. You might do a market research for the local grocer, or the local estate agent.
Contact firms by personal call, telephone or well written letter. On average 10% of those contacts might be interested to call you or take your ‘follow up’ call. Arrange an appointment with each to sell your service.
At the personal visit it is important to explain that by knowing customers views a business can try to meet customers needs better. Rehearse a sales pitch if necessary. Suggest how just a 5% increase in turnover as a result of your survey could make a significant difference to the annual profits. If the enquirer is interested quote them a price for a MS of their business. This could range between £300-£1500.
You must then devise a survey which will provide the info the require. Can do a postal questionnaire but better method is using p/timers to do research interviews. Housewife’s/students ideal.
First devise a suitable survey, perhaps of 5-10 questions. The exact nature will depend on the type of business, but generally, you will be asking for customers opinions on the service, the products sold, the staff, the appearance of premises and so on. Draw up the questions carefully, then type them up and photocopy them, allowing one copy for each expected interviewee.
Next, send your researchers out to conduct the necessary interviews. You might decide that they should visit past customers of the company, or (especially for shops) they might ask questions in the street outside the shop, or door-to –door In the vicinity. Stress impartiality and courtesy at all times.
For a typical survey you might collect 200 customers opinions. The data is then returned to you for analysis.
The next stage is to analyse results, so that you can give the customer useful info from the scramble of customers answers. The best way to do this is by means of a written report, perhaps 2000-3000 words long. What you write depends on the business, but try to make it a factual summary of the questions and comments made and be careful not to change any meanings.
In the case of a grocer you might say how often the average shopper shopped there ,what they bought mostly, what they bought elsewhere-and why they didn’t buy it here. All these points would be of invaluable help to any grocer. When the report is complete it should be neatly typed and bound. Take a copy to the customer. Discuss it in detail as well.
An important and profitable part of the service is to repeat the operation, say 6 mths later. In this way the owner will be able to judge the value of your service, perhaps by seeing how to improvements made as a result of your survey have improved trade.
How much can I earn- example one actual small home MR company reports healthy demand from businesses in the under £500,000 T/Over bracket. A typical survey for them for a local supermarket yields £900 for 2 days work. A pub was charged £300 for an evening an evening exit poll of drinkers to access their favourite drinks etc. They also charged a local motor franchise £3500 for local survey work. The scope for earnings is really wide. Need to check with other MR companies to get an idea for your pricing structure.
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Villager Senior
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Posts: 4,527
Join Date: Jan 2005
Location: London, , United Kingdom
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11-02-07, 04:58 AM
[align=center]28, Telephone Market Research[/align]
[align=center][suP][/suP][/align]
[align=left][suP]In Brief[/suP][/align]
[align=left][suP]There is a way of starting a market research business on a even lower budget. Yet it is conceivably even more lucrative than Project 25. This is market research by telephone. [/suP][/align]
[align=left][suP]The phone is an ideal market research tool. You can reach thousands of consumers at reatively low cost. The main requirements are two or three telephone lines and researchers experienced and confident in the use of the phone. [/suP][suP]The business operates in exactly the same way as 'on the street research, but can serve larger manufacturing and service businesses as well as shops and small businesses. Visit a customer, devise your survey, then select people to be interviewed through the telephone directory.[/suP][/align]
[align=left][suP]This service can also be used for the preparation of national opinion reports, for example, on political matters. A survey can be undertaken and sold to the press, TV and radio for news purposes. These outlets will commission surveys from well established research firms. [/suP][suP]The disadvntage of this service is that research is biased towards phone subscibers. However, the costs of running the service are lower, whilst charges tend to be significantly higher than convential market research.[/suP][/align]
[align=left][suP]Proceed as for regular market research but see what demand exists before you commit to a business launch. This business can be inexpensively tested by canvassing potential customers by phone.[/suP][/align]
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Villager
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Posts: 113
Join Date: Dec 2006
Location: , , USA
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11-02-07, 04:00 PM
Why not go into a business that is already developed, ready and packaged to sell? One that helps otherbusinesses & churchesadvertise...from a very *unique* angle? Marketing & Promotions is a very hot commodity! Doncha' know?
"Promotional MILLIONS That'll GROW Your Business!"
www.YoureONtheMoney.com
____________________________________
Audrey
http://www.KISSmylayoff.com
"My Business *SPEAKS* For Itself!"
____________________
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Villager Senior
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Posts: 1,552
Join Date: May 2004
Location: London
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23-02-07, 05:20 PM
@Le Moor: Excellent thread brother niceone.gif.
One thing I would like to see for the children is the production of; clothes, duvet sets, more toys and furniture with our Nubian images and symbols on them. Not sure how it would run right now but I'll tell you now I'll place first orders!
I am so tired of seeing pink faces and blonde hair all over the place. When will we create something where our children see themselves not just in the flesh but also on the things that are beingpromoted aroundthem?! The amount of times I've had to tell my daughter that she can't have the princess dress, top toy etc is not good.
“I've learned that a person doesn't need to have all of the answers in order to help you, just merely being able to point you towards the appropriate resources is more than enough."Afriki on Life Coaching
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Villager Senior
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Posts: 4,527
Join Date: Jan 2005
Location: London, , United Kingdom
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26-02-07, 12:35 AM
Maat wrote:
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@Le Moor: Excellent thread brother niceone.gif.
One thing I would like to see for the children is the production of; clothes, duvet sets, more toys and furniture with our Nubian images and symbols on them. Not sure how it would run right now but I'll tell you now I'll place first orders!
I am so tired of seeing pink faces and blonde hair all over the place. When will we create something where our children see themselves not just in the flesh but also on the things that are beingpromoted aroundthem?! The amount of times I've had to tell my daughter that she can't have the princess dress, top toy etc is not good.
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Yes Maat, "White Doll Syndrone" is a problem.
You have uncovered a good potential business i think, one which would sell wellin the States and here (uK) too. Probably work well asan E-commerce proposition.
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