How Growing With Mentors Can Help You Succeed in Your Business

When small business owners are considering means of expanding their business, the first thing that comes into their mind is capital. If there were more funds that could be invested in the business then there would seemingly be more room for the business to grow. The common misconception lies in where people think they can efficiently allocate their new capital. Instead of looking for more ways of raising capital, small business owners would be better off trying to expand within the existing framework of the business. This requires the efficient use of all business resources and with small business courses it becomes very easy for a person to recognize those opportunities.

Instead of handing out flyers and setting up posters, owners could set up their own website as an advertising strategy. By marketing their wares more effectively, small business growth becomes that much easier to achieve. Putting in a considerable amount of effort in the company website is going to have definite rewards. Getting listed on the well known search engines enables new customers to find your website more easily. This way, customers are coming to you instead of you having to distribute brochures to people who might not be interested.

Appealing to the target audience becomes easier both on the internet and in the real world with small business courses. Online, you can open and advertise your blog, take part in forum discussions and make use of the social media. By limiting your campaign only to your niche, you are sending a message to people who are interested in hearing it. In the real world, you should always take part in seminars; try to advertise in the relevant section of your local newspaper and target locations which attracts your potential customers.

In fact by remodeling your store, you can incorporate a lot of features and strategies that are used by world famous conglomerates. You can have a psychological advantage over your customers and even the arrangement of your products enables you to advertise for them. This way you do not even have make an effort or interact with the customers in any way. Such form of marketing is called stealth marketing and due to its cost effectiveness, it is ideal for small business growth.

Professional business mentors are privy to many more slick strategies which you can utilize to your advantage. Through the intense study of case studies, you can make use of other people’s experiences and by listening to tapes and reading books, you can pick up on tips that will be useful for your business. Such an initiative comes at a very low cost and is much more effective in comparison to simply investing more money.

Top 5 Profitable Online Businesses in 2011

Looking for ideas to start an online business that you can operate from home?

These days, it’s the norm to talk about starting an online business. The appeal of starting an online business lies in a low to small start-up capital, ease of starting an online business and lots of tools you can leverage on to build your online business.

Despite the fact that there are so many different online businesses springing up almost everyday, here’s my choice of the top 5 online businesses that can net you high returns. And the first will be…

1) Flipping a website or blog.

This method of making money applies to the online world as well. Like the flipping of a real estate property, a website or blog can be bought and sold at a higher price. There are also webmasters who purchase a website or blog that is set up but has yet to attract a huge volume of traffic. They then add to the website and enhance its value by adding more design elements, attracting more traffic and even building a subscriber base to enhance the value of the website or blog.

2) Web hosting and reselling

Everyone who has a website or intends to have one will require the needs of a web hosting account pretty soon. This is one of my favourite methods of making money online as it creates a stream of passive income if done properly. You can create a web business by setting up your own servers and sell hosting space to people who are interested in hosting their websites or act as a reseller and earn a percentage of the sale from each customer.

There are also some innovative companies such as HostGator.com which offers reseller hosting and the opportunity to create your own web hosting company for as low as $24.95 per month. What you can do is to purchase a reseller hosting account from them, divide up the web space that you are getting into smaller parts and resell them for profit.

3) Review sites

If you have the interest and knowledge of a particular area be it in terms of lifestyle issues such as childcare, choosing an apartment, credit cards to business issues such as choosing a laptop, fax machine or various office equipment, almost anything can be reviewed.

This business model works best if you have knowledge of a niche subject that can attract lots of readers. Most of these sites earn their money from selling advertising space or selling leads. Examples of successful niche review sites include sites for insurance, purchase of cards and credit cards.

4) Membership sites

The same as with a review site, if you have relevant knowledge of a particular area which people are willing to pay for your information, you can create a membership site. An example will be the personal finance site by New York Times bestselling author, Ramit Sethi. He creates lots of informative and entertaining articles on personal finance and offers them for free online. But of you are keen for niche content such as his Earn1k or more money saving tips, you will have to pay a membership fee to access the privileged information.

5) Content Writing

We all know the importance of content on the web. Since most people go online to search for information before a purchase, content is of paramount importance. The higher the quality of your research and content, the more hits you will get from readers searching for the information. You can also scale this business by outsourcing content writing when the going gets busy. Content writing can be outsourced for as little as $2 to as much as thousands of dollars for an e-book or white paper.

These five online businesses if operated successfully can offers business owners a high return on their investments. So if you are thinking of starting a side business or would like to start small from your kitchen table, give these ideas a try. After all, most start-up businesses were at one time created from someone else’s garage.