1. Motivate your team to perform
You employees are humans too. They are not perfect. Even the best people will feel unmotivated at some point. This is especially true with repetitive work. To keep your employees working at their best, it is important that you add some motivation. There are many ways to do this. One popular method is the awarding of incentives to performers.
Also, providing your employees with the best tools and equipment to work with will help them do a better job (ex. Better computers, clean office, complete supply, etc.).
Think of ways on how to motivate your team.
2. Keep records
What are the things that you need to keep a record of ? As a basic requirement, all businesses should furnish financial statements.
You should also keep a record of your supplies, merchandise, assets, purchase activities, and sales activities.
You should also record the hours worked (if applicable) of your employees. These data will be useful to you when making an analysis.
3. Analyze reports/data regularly
Reports include financial statements, inventory counts, employee performance, customer feedback, and such. Basically, it involves any data or report that has to do with your business.Read through these reports and analyze them. Use these data as reference for your decision-making. When ordering your next batch of merchandise for example, you can refer to your sales data to see which items to order less and which items to order more. These reports exist for a reason. Use them.
4. Establish a thorough auditing routine
This is especially important if you are dealing with a lot of merchandise. However auditing is basic to all businesses. Auditing includes cross checking receipts with sales records, conducting inventory counts, doing quality check (equipment and operation), and such.
You need to do quality check regularly to see if anything replacement or maintenance.
And you need to do internal audits to detect errors and prevent internal fraud.
5. Know how to capture the attention of your target customers
An advertisement informs. But a good and effective advertisement moves people to buy. How do you make advertisements like that? First, you need to know the interest of your customers.
If you know the very thing/s that will catch the attention of your customers, then you have what you need (ex. A seller of a vitamin supplement product knows that many of its target customers are concerned with beauty. As such, the seller focuses on advertising the benefits its products to beautification).
6. Decide on the most effective advertisement channels
What are advertisement channels? These are your means of delivering your sales pitch to your target customers. In an online business setting, advertisement channels commonly include submission sites (article submission, video submission, audio submission, etc.), social media sites (Linkedin, Facebook, Pinterest, Apsense, Twitter, YouTube, etc.) emailing, popups, sponsoring, and such.
How do you decide which channels to use? It all depends on what channels your target customers are mostly exposed to.
For example, if you target customers are internet-savvy people who are most likely exposed to Facebook all the time, using Facebook as one of your advertisement channels would be a good idea.
Take note that it is not necessary to utilize all channels. You only need to use to utilize those that are necessary.
7. Use Facebook to reach customers
Facebook really maximized its potential for providing support to online merchants. Facebook offers unique and comprehensive advertisement tools that allow you to target specific niches (age groups, interest groups, gender groups, etc.)
8. Use Twitter to reach customers
Twitter is like a real-time news feed site that spurts out new information by the minute. This makes a great way to communicate with your customers and target customers.
If your target customers are likely to be Twitter users (people living in the city, people who like technology,Blogging, Internet marketing, Social media etc.), then using Twitter would be a good way to reach your customers.
9. Apply SEO techniques to boost your webpage’s visibility
SEO or Search Engine Optimization is a technique used by online merchants to increase traffic (visits and views) into their website.
It makes a website ‘more visible’ by making the website have a better chance of appearing on the top search results of search engines such as Google, Bing,Ask,and Yahoo.
You employees are humans too. They are not perfect. Even the best people will feel unmotivated at some point. This is especially true with repetitive work. To keep your employees working at their best, it is important that you add some motivation. There are many ways to do this. One popular method is the awarding of incentives to performers.
Also, providing your employees with the best tools and equipment to work with will help them do a better job (ex. Better computers, clean office, complete supply, etc.).
Think of ways on how to motivate your team.
What are the things that you need to keep a record of ? As a basic requirement, all businesses should furnish financial statements.
You should also keep a record of your supplies, merchandise, assets, purchase activities, and sales activities.
You should also record the hours worked (if applicable) of your employees. These data will be useful to you when making an analysis.
3. Analyze reports/data regularly
Reports include financial statements, inventory counts, employee performance, customer feedback, and such. Basically, it involves any data or report that has to do with your business.Read through these reports and analyze them. Use these data as reference for your decision-making. When ordering your next batch of merchandise for example, you can refer to your sales data to see which items to order less and which items to order more. These reports exist for a reason. Use them.
4. Establish a thorough auditing routine
This is especially important if you are dealing with a lot of merchandise. However auditing is basic to all businesses. Auditing includes cross checking receipts with sales records, conducting inventory counts, doing quality check (equipment and operation), and such.
You need to do quality check regularly to see if anything replacement or maintenance.
And you need to do internal audits to detect errors and prevent internal fraud.
5. Know how to capture the attention of your target customers
An advertisement informs. But a good and effective advertisement moves people to buy. How do you make advertisements like that? First, you need to know the interest of your customers.
If you know the very thing/s that will catch the attention of your customers, then you have what you need (ex. A seller of a vitamin supplement product knows that many of its target customers are concerned with beauty. As such, the seller focuses on advertising the benefits its products to beautification).
6. Decide on the most effective advertisement channels
What are advertisement channels? These are your means of delivering your sales pitch to your target customers. In an online business setting, advertisement channels commonly include submission sites (article submission, video submission, audio submission, etc.), social media sites (Linkedin, Facebook, Pinterest, Apsense, Twitter, YouTube, etc.) emailing, popups, sponsoring, and such.
How do you decide which channels to use? It all depends on what channels your target customers are mostly exposed to.
For example, if you target customers are internet-savvy people who are most likely exposed to Facebook all the time, using Facebook as one of your advertisement channels would be a good idea.
Take note that it is not necessary to utilize all channels. You only need to use to utilize those that are necessary.
7. Use Facebook to reach customers
Facebook really maximized its potential for providing support to online merchants. Facebook offers unique and comprehensive advertisement tools that allow you to target specific niches (age groups, interest groups, gender groups, etc.)
8. Use Twitter to reach customers
Twitter is like a real-time news feed site that spurts out new information by the minute. This makes a great way to communicate with your customers and target customers.
If your target customers are likely to be Twitter users (people living in the city, people who like technology,Blogging, Internet marketing, Social media etc.), then using Twitter would be a good way to reach your customers.
9. Apply SEO techniques to boost your webpage’s visibility
SEO or Search Engine Optimization is a technique used by online merchants to increase traffic (visits and views) into their website.
It makes a website ‘more visible’ by making the website have a better chance of appearing on the top search results of search engines such as Google, Bing,Ask,and Yahoo.
There are many SEO techniques and it is advisable to use all of them. But this is some what a complicated stuff so it may be better to hire someone to do this for you, if you dont know how to go about it.
10. Learn the importance of ‘packaging’
When choosing between two different brands, what are your criteria for choosing? Usually, you would likely pick the one with the ‘better packaging’.
How does this apply to online business? In an online setting, the ‘packaging’ will be the appearance of your website.When selling products online, it applies to the photographs, text descriptions, and overall page presentation of your products.
Therefore, it is important that you invest a lot of quality into
1) the appearance of your website,
2) the photos of your products,
3) the text description that comes with your product/s and
4) the overall presentation of your products in your website.
Have a wonderful time.
10. Learn the importance of ‘packaging’
When choosing between two different brands, what are your criteria for choosing? Usually, you would likely pick the one with the ‘better packaging’.
How does this apply to online business? In an online setting, the ‘packaging’ will be the appearance of your website.When selling products online, it applies to the photographs, text descriptions, and overall page presentation of your products.
Therefore, it is important that you invest a lot of quality into
1) the appearance of your website,
2) the photos of your products,
3) the text description that comes with your product/s and
4) the overall presentation of your products in your website.
Have a wonderful time.
