Business Tips

Now that you've decided on your business focus,  started creating exceptional content , and started leveraging your social media networks to build an audience... you're ready to begin monetizing your new digital media. This is a subject of some debate for many media producers. It really depends on your perspective when to start monetizing your sites. Some people don't want to monetize their media in the beginning of building a brand for fear of losing readers / viewers / subscribers with of customer-repelling ads in return for a small amount of income ( think Mark Zuckerberg in Facebook's infancy). I certainly respect that outlook and agree that it should be seriously considered depending on your target audience.  My opinion, however, is that implementing a monetization system and plan early on in your business development will: a)  Give you valuable data you can analyze including a baseline for revenue and what income channels are most successful b)  Avoid shockin...

Companies often measure their growth by revenue and then become frustrated when their profits fail to grow as fast as their sales. As you build your business, spend some time understanding how increased profit margins can improve your bottom line fast er than adding to your sales.  Proceeds from every sale must pay your selling and operating expenses before they can become profits. If you focus on growing your profit margins rather than only on growing sales, however, you can directly add to the profitability of your firm. Use the following tips to earn more money from every sale.  Reduce Order Processing Time  When order processing requires less time, your company can process more orders during a day, often without significantly increasing overhead. As a result, profit margins rise. Shorten the elapsed time between receiving an order and delivering goods and services.  Tactics and tools such as automation, templates and product sourcing can accelerate the sales cy...