New Poll - What's The Best Way For A Startup To Earn Revenue?

[redslazers]

Since im not very good at finding the actual people to get my forums started i buy established ones that are dieing out and bring them back to life by advertising and using the old community to build a new one

[MonStar]

The "Best way" for a "Startup" to "Earn Revenue".

It all depends on "Your Busness".

Most of you are so quick to "Sell, sell, sell", "Advertise, advertise, advertise", "Market, market, market", "Rinse & repeat".

That's probably fine & all if you have a tangible product...cloths, bikes, cars for example.

For some of you, you already know there is a demand for your product. You already have that "Information". So you can skip a few steps & go right to selling.

This would be my answer to that question.

Educate myself, research my product, get as much information as i can on & out of it.

Enough can't be said for educating ones self. Information is power.

That's enough out of me.

Good luck to all...

[iketz0]

I think entrepreneur must cut expenses.. A new in a business will always ha a lot expenses thinking that his/her money will bounce back.. Growth is a key to a business success..

[mlapointe]

keep your expenses minimal and focus on marketing and new as well as old client retention

[CKrecicki]

Hello,
_________
I'd say cut your expenses.

Liquidate assets that are low efficiency.

Only keep assets that are critical to production/service.

Shop around for best price quotes of product/service.

Take all earned revenue and put it in the stock market.

Network, Network, Network, Network, Network - You can never beat referrals, the future customer is sold already if they contacted you.

Don't over talk your business, keep it real, one unsatisfied customer could cost you 100 costumers.
Look at what is in demand, learn the service, or find the product, execute.

I'd say profits can be explosive as long as you play your cards right in the beginning.
__________________

Cody K.

[abinowbhat]

The best way to start a business is to first make a project plan. The project plan will highlight how you will start a business, your source of funds, payback period, return of investment, break even point, Segmentation, Targetting, Positioning , promotion techniques etc. One should first analyze the project report and see how viable the business is then only start with the same. Any business involves a clear methodology. It is not like shooting in the dark.

[Warranties-For-Less]

Good topic,

Having started several conventional businesses, as well as several online businesses, the one thing that works with both is to offer something of value for FREE. The most powerful word in marketing has always been FREE, like it or not, FREE sells.

Just look at all the guru's offering free ebooks or the new dollar deal or pay only shipping and handling, FREE works like nothing else. Of course you have to reach your prospects, so you still have to reach people with your message and offer no matter what business you start.

Since the recession has hit, I research only free deals and no doubt, FREE attracts more prospects than trying to sell something like eveyone else is doing online. The trend is clear, free to see is new strategy, give to receive works. I found a few totally free businesses to offer those who are new to the internet, for these people are the most skeptical. With so many people looking for extra income with unemployment going through the roof, I see this as the best new strategy, and evidently it is catching on as I see a few more companies which are tuned into market.

MySocialIncome is a perfect example, we all know MySpace, FaceBook, YouTube and Twitter are exploding, yet do any of them send you a check each month? MSI is for entrepreneurs, they allow you to promote your business to others, and with all the same tools as the others, they also share in the revenues with members, a first. Simply put, with MySpace selling for $580M, FaceBook for $6.5B and even Twitter being sold for $1B after only two years, it blows my mind why anyone would build the fortunes of others when they could be building their own.

Viral marketing works when you offer something of value for FREE, people talk about the value, they spread the word, and when they earn money in addition to profit sharing, now you have the perfect combination as we enter the new era of frugality. People love free offers, always have, always will, but when there is no hook or upsell, the love it even more, try it for yourself, it works. I give away FREE RX Prescription Cards with no hook, no upselling, and that impressed people because it represents value, real value at no cost or obligation, and this too works to build any business.

The internet is perfect for conveying informaiton on your products or services, but it does not sell anything without building a relationship of trust first, so when you give something away for FREE, and then don't try and sell them, they will remember you, just try it, it works for all businesses. Everyone is upselling and hammering people on selling, I don't, I prefer telling people about FREE offers of value, it is far more productive.

Success to all, Mike

[deermtn]

Talk, talk, talk about your new business. Start with people you know, friends, family, networks. Drive your initial sales there and more will follow.

[connor_zen]

Well, first and foremost: make money.

However, I agree with many of the above posters: don't overspend; put your profits back into the company. Also, try to utilize the internet and other free tools to continue to expand and promote your business.

[Br3ttie]

Advertising on facebook or other likewise big business's :/?

[NasentNk]

demand of product and service = Revenue
more demand = more revenue

try to find your market demand like age, sex, location. actually demands rely on many different things. so find demand affecting factors in your business and try to prepare a strategy to increase your demand. when your products/service's demand will increase your expenses will cut down automatically.

thanks

[David Morson]

Advertise your business and make links with online business sites such as uk-wholesaler.co.uk and I assure it will boost your revenue even in the start up of your business.