Online Mart

Five Most Overrated Businesses to Invest In

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New businesses are created everyday, some of these companies succeed, and many fail after the first year. Many of these businesses that fail, are often overrated.

What are the five most overrated businesses?

1. Restaurants

Dining out and cooking are a favorite pastime for most of us, but restaurants are the most likely businesses that fail. This paradox is often linked to competition, pricing and experience.

Most successful Restaurant Owners admit that success is linked on experience, and the location. But one secret they never tell you is simply- a willingness to work long hours, and adjust to the demands of their clientele.

Food does sell, but many Restaurants create less income than a successful roadside food stall. Which is a cheaper, and much easier option for anyone wanting to enter the catering business.

2. On-line Retail

On-line retailing has become the favorite business for many people to run. The set up costs are low, and it can be promoted in your spare time. But the downside is most online retailers fail, simply because of too much competition.

Pricing often may be lower than traditional stores, but delivery costs often offset the savings made by shopping online. The main drawback of online retailing is time, you need time to promote, and often funds to pay online advertisers.

3. Independent Consulting

Many professionals often think about turning their expertise into a business, by offering consulting services. A great idea, when the World is going online, and expert advice is always needed.

However, the main drawback many professional Consultants agree on is the constant need to find new work. Projects are time-based, and once one project ends there is often a waiting period that could weeks or months.

Consultants often spend more time searching for work, than actually working. Perhaps the key to being a successful Consultant, is to run it as a part-time business rather than look at it as a full time career.

4. Franchising

One of the myths of the 21st century business world is that franchises are much more successful than independent businesses. Most franchises often lose money, and are often sold onto new owners who still believe the myth.

Anyone with the capital can own a franchise, and many companies that sell franchises often over saturate the market with their presence. The amount of visual franchises of one company, does not show success.

It often only shows, the franchise Companies are willing to saturate the market, as they still earn a percentage of turnover from each franchise.

5. High End Retail

The dream of owning a specialize Spa or fashion store catering solely for the high end market often ends with the reality that more high end retail outlets close then other outlets.

The high end market is essentially a “niche” market, which focuses on a small minority of clients. Social mobility studies show, that in the 21st Century, there is less mobility from the middle to high income brackets than ten years ago- in … READ MORE

Music Marketing

How The Music (Entertainment) Industry Create More Opportunities For Others, Take Attractiontix As An Example That Sells Tickets For Concerts, Etc.

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The music industry is one of the largest industries in the world currently. The fact that music is a global language as much as sports, means that there is global growth across the world for the music industry. Over the past decade, music has progressed even more with so many alternative sounds and internet sensations blowing up.

How The Music (Entertainment) Industry Create More Opportunities For Others, Take Attractiontix As An Example That Sells Tickets For Concerts, Etc.

 As a result of social media, we have seen some of the largest talents in the music industry being found and gathering a fan base. Artists like Justin Bieber, Mason Ramsey, and Juice Wrld have enjoyed major success in music thanks to the internet. All in all. It is safe to say that the music industry continues to grow and thrive as time moves forward.

One of the biggest effects of the music industry is the growth that it spurs in other industries that are connected to it. As a result of the Music boom – thanks to the internet, we have witnessed a massive growth in several other connected industries. There is now a higher demand for visual artistry. Several artists and record labels pay millions of pounds every year to videographers, digital illustrators and photographers in order to produce content that is as engaging as it is aesthetically pleasing to their fanbase. This visual art scene has as a result grown considerably over time. This is one of the industries that have benefitted from the music industry.

Another industry that has grown greatly over time is the fashion industry. Music and fashion have always walked hand in hand. Of recent, there has been a closer relationship between these two industries. Such that, a spike in one of these industries translates to growth in the other. With more and more artists trying to create their own aesthetic look, it becomes obvious that the music industry has caused growth in the fashion industry. We can take the example of Kanye West for instance and the Yeezy designer brand. By infusing his concerts and album releases into fashion, Kanye was able to use his music to create a boom in the fashion industry. This is another area where music has created growth.

Still thanks to the internet, Several musicians have discovered fan bases in places that they never even knew about. This has led to an increased number of concerts and world tours. Tours also create a very big industry on their own. Planning a successful tour means hiring and contracting people to create stages, sound engineers, security, logistics people and a bunch of other workers. The most important industry involved in touring is the ticket industry. Everyone knows that there can be no tour or concert without fans attending. This is why it is necessary for proper arrangements to be made concerning ticket sales. This is where companies like Attractiontix are very useful. Companies make it easy for fans to attend their favorite tour concerts. With easy online booking, people can buy tickets way ahead of their events or even immediately as … READ MORE

Online Mart

Online Business Success – Why Your Mindset Determines Your Level of Success

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Online Business Success - Why Your Mindset Determines Your Level of Success

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Success is defined differently for everyone. For you, success may be the ability to pay your bills on time. For someone else, success may be paying off all their debt. And for others, success may be related to the amount of money they have.

The important key to remember is that you determine your own level of success. Don’t compare yourself to others. Decide what success means to you then set goals to achieve it. You have to believe you will be successful before you ever will  you think you can, then you can. But if you think you can’t, then you won’t.A  How can you ask others to believe in you if you don’t even believe in yourself.

Starting a successful online business begins with your mindset. You can have all the knowledge, experience and tools available, but without the right mindset, you will never realize your full potential.

If you dwell on the negative, that is what you will continue to get. You must focus on what success means to you and begin to act as if you already have it. The brain doesn’t know the difference. So if you are constantly thinking about what you want, and acting as if you already have, you will begin to manifest great things in your life.

A success mindset means always staying positive. You should have a positive outlook on life. You should be open minded. And know that change will come, in your business and personal life. But it is how you deal with change that determines the affect that change has on your life.

However, in order to maintain a positive outlook, you must also be realistic. If you take an honest and realistic assessment of your skills and goals, you’re much more likely to find success in whatever field or career best suits you.

Maintain a cautious optimism as you seek success, don’t be blindly optimistic about every situation. There are some situations in which positive thinking cannot overcome the situation you’re faced with. Blind optimism also puts you at the mercy of others-your optimism must be tempered by context and relevance.

No matter what your abilities are, using them realistically will get you much farther than not. Your positive thinking, paired with your abilities, put you on a course for success-no matter what field you’re in!… READ MORE

Business Property

Tips To Avoid Disputes When Investing In Dubai Rental Property

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Dubai is a big market with so much potential when it comes to real estate. The real estate sector is the one who contributed to most in the economy. It is a financial hub in the middle east and lures investors from all over the world to invest in the business for a better return on investment. But before investing, once should real estate dubai market is volatile in nature and if you don’t follow the investing guideline then you are out of luck here. So in order to avoid pitfalls, one should do the groundwork to increase their chances to get a good profit.

Tips To Avoid Disputes When Investing In Dubai Rental Property

Nobody wants to lose their hard earned money just because of taking the wrong decision. A smart investment who brings profit needs the skills to read the market pulse. If you get this process on spot then you will surely be in a good position to earn good profits. Buying a rental property can turn out to be night mare if you don’t perform these checks:

  • Title Deed – Always check whether the seller is the rightful owner of the property or not. Check property legal papers to ensure ownership.
  • Multiple Owners – For example, if the property has multiple owners then you will need the approval of all parties to move to sale. In some cases, one owner backs out from the deal, you surely don’t to face that situation.
  • Tenancy Agreement – Go through the tenancy agreement papers to make sure whether the property is tenanted or not.
  • Inspect the Property – Do pay a personal visit to make sure the property is not in a restricted zone. Be cautious about it and don’t show laziness here.
  • Check Track Record – If you are planning to use the services of property managers in dubai then always go through their track record. If you think he/she is a trusted real estate broker then proceed on the next step. Never issue a cheque on the name of real estate agent, rather always make sure it is only payable to Dubai Land Department and the seller.

If you are using real estate companies in dubai like KeyOne Real Estate to buy rental property then perform all these above-mentioned points to avoid any mishap with your investment. I will explain more in deep about buying rental properties and what are the things you need to consider before finalizing the deal. 

Landowner and Tenant Law

In the event that the property is rented, check the terms of the current rent and the verifiable consistency of both proprietor and inhabitant with the rent terms, says Peter Greatrex, accomplice at Trowers and Hamlins. According to the Landlord and Tenant Law, sitting inhabitants reserve a privilege to finish the agreement they marked with the past proprietor.

“It is preposterous to just expel an occupant for another one, and removal must be looked for in restricted situations,” says Greatrex. “Additionally, it very well may be hard for proprietors to force new … READ MORE

Outsourcing Business Calculations

Make Sure You Get Your Online Business Started On The Right Track By Using These Top 10 Tips

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Make Sure You Get Your Online Business Started On The Right Track By Using These Top 10 Tips

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If you’re just starting an internet business or you’re not quite sure exactly how or where to start, here are 10 top tips to get your online business started as you mean to go on.

1. Find a way to make a living from your passion.

If you can find a way to make a living from your passion, you’ll find the whole process easier and more enjoyable and, ultimately, more successful. You need a lot of time and energy to start and build a successful internet business and you’ll be much more inclined to fully immerse yourself in your work, if it involves doing what you love.

2. Research your market

This is absolutely necessary. Without adequate research, an expensive mistake is quite probable. Even if you are totally absorbed by your topic, others may not be. So, honest research is where you find out if there’s a market and people willing to buy from you.

3. Always write a business plan

Always have a plan. That’s the route to making a business from your passion. First of all you need to have a destination, a dream. Then, to start on the road to success, you need to thoroughly plan all the necessary steps to achieve your dream.

Having a plan for your online business will focus your aim. You’ll find that, when times are difficult, it will reaffirm what you set out to achieve and will keep you on track.

4. Plan your finances as well

You also need a sound financial plan. The attractiveness of an online business, is often the minimal expenditure required, which means that many online businesses are started without any outside funding. But you still need to produce your financial plan to demonstrate to yourself that the business will be viable and, to give you targets to measure against.

And, if you do need to seek external funding, a well thought out business plan will be essential.

5. Be professional from the start

Being business like and professional from the start will confirm to others, and yourself, that you are serious about doing business and being a success.

So as well as producing your business and financial plans, be prepared to organise business cards and stationery, a work phone, a business email address etc.

6. Don’t expect your business to generate income immediately

It may be some time before your new business can pay its way. So, be realistic in your planning and, if you are already employed don’t give up your job and think you’ll get by somehow. That’s always difficult. Find a way to keep your job and build your business in your spare time, because that way, you’ll feel better knowing that you can pay the bills.

7. Start finding customers and build a list before you start selling

With a normal retail business, you create a product, produce your stock and then try to sell it. With an online business, however, you can reverse the process by … READ MORE