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Too many non-SBI! sites start without profits being “built into” the process from DAY 1. It all begins with the right process. Content 
Traffic PREsell Monetize is the underlying, logical and powerful process that capitalizes upon the fundamental realities of how people use the Web. C T P M puts you on a solid, profitable business foundation.
Brainstorm It! is SBI!’s powerful keyword brainstorming and research tool. It helps you verify that your site concept has acceptable profit potential. SBIers are saved from making that common fatal error. With Brainstorm It!’s help, they know they are on track, right from the start. Brainstorm It! also helps you to find topics related to your niche that will pull in traffic and generate income.
Niche Choose It! is your final decision-making tool. It uses a complex decision-matrix theory that makes choosing the best niche for YOU simple… and flawless.
Choosing your best site concept is not always as obvious as you might think. Brainstorm It! and Niche Choose It! show you the best path for your particular business, reveal some surprises, and help you make the right choice.
Monetize It! helps you choose the best monetization options for your site concept.
Posts Tagged ‘Profitability’
SBI! – Niche Research
March 9th, 2012 
admin 
Posted in 
What Are The Best Pricing Practices For Small Business During An Economic Slowdown?
February 21st, 2012 admin In an economic slowdown your pricing is determined by factors like input cost of production or distribution channel cost etc. ….. which are primarily working on market factors. Generally one should be working on a reactive strategy of open price …. which allows for revision in product pricing over a shorter time period instead of quarterly or yearly market driven slashes or increases.
The important consideration is to try to maintain sales, even if some of them yield marginal or no profit (i,e, break even). In other words, so long as you are covering your costs, particularly fixed costs, then there is value in doing so.
However, unless you wish to become the low-cost leader going forward, then this low pricing may create a precedent which customers expect to continue, and it also may devalue the brand.
So pricing strategy must be decided carefully, with all things considered, including unintended consequences. And it may be better to have various incentives rather than simple price cuts in order to sustain sales.
In the article “Pricing in an Inflationary_Downturn”, McKinsey recommends the following actions:
-Watch for sudden shifts in price structure
-Adjust to changing customer needs
-Monitor customer-level profitability
-Update price sensitivity research
Many companies across the nation are on the verge of closing their doors and some have already started liquidating their inventory.
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Why Inventory Control is Essential to Profitability
October 4th, 2011 webkriti 
Imagine that you are running a business that appears to be doing extremely well on the books; sales are at an all-time high and demand for your products is through the roof. Since your records indicate that production costs are low, you’d expect to be earning a decent profit. And yet, it seems that you are hemorrhaging money. But where is it all going? If you’re not practicing inventory control, you could be losing a lot of money due to waste and theft. For this reason, amongst others, it is important to implement a system of tracking your inventory, including manufacturing materials, products, equipment, and even office supplies. Without inventory control, you can easily lose money hand-over-fist and not realize it until it’s too late.
The best place to start is with a waste assessment. Without this essential report, you could be losing a lot of money in a variety of areas. Not only could materials in a factory be going to waste, but items around the corporate office could also be disappearing due to negligence and a basic lack of tracking. Of course, a waste assessment will also allow you to discover where time is being wasted, although this can’t technically be termed as “inventory”. Once you know where money is going down the drain you can start implementing a plan to track your assets.
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Keep Your Business Thriving by Choosing Ideal Telephone Systems
April 7th, 2011 admin It’s easy enough to figure out the route to take where a personal phone is concerned. The advent of the iPhone ushered in an entire new generation of can’t-live-without-it technology in the form of smartphones. The choice became simple: get a smartphone or fall behind. Unfortunately, when it comes to your business phone system, the choices are more complex. That’s largely because there are multiple choices in the technological platforms available for business landlines. To avoid falling behind due to a lack of awareness of the options, here’s a quick overview of some aspects of the telephone, which remains an excellent way to communicate with clients.
Ideal Venue
While the Internet has provided a new way for customers to communicate with businesses, the phone remains the most ideally situated device for maintaining a personal feel with the client. Nothing cheers up a customer quite like hearing a live voice on the other end of the phone, able to respond to varied inquiries. From discussing account overcharges to asking about policy options, customers often prefer to have a person available to help talk them through their questions, rather than feeling baffled at what answers they can pull from a website.
The purchase of business telephone systems is thus quite important.
How to succeed at owning and running a leisure business
April 6th, 2011 admin If you are planning to buy and run a leisure business such as a gym or nightclub, you will need to do some homework and research into what is an extremely competitive market and invest a great deal of time and effort into your business plan. It is wise to consider starting your leisure business, whether a gym or a nightclub, with someone who already has a great deal of experience, particularly if you have little practical experience yourself.
The health and fitness and nightclub sectors can be extremely lucrative if you take great care over your business plan and make sure you are providing the leisure business the area you have chosen truly requires. Conduct research within the area, identify possible competition and perhaps even try a questionnaire within the busiest shopping area to gauge what the local people want through some solid market research.
A strong business plan is vital. Write in a number of business scenarios to show your bank that you have given due consideration to all eventualities. Highlight the key ideas you feel will boost profitability. Be ambitious, you will need to be to succeed, but make sure everything you propose you can realistically achieve.
How to manage small scale business borrowing
January 31st, 2011 webkriti Borrowing for businesses can be a tricky, and often counterproductive process. The loans process can involve potential land mines, and frequently ill-advised financial moves. As a matter of fact, most cash loans are better options than some of the borrowing options for businesses.
Business borrowing- No joke
Business borrowing involves commitments that businesses need to take very seriously. The classic case of business failure is a loan which suffocates revenue and imposes serious effects on business capital. Small scale borrowing isn’t quite in that league, but it can do significant damage if not well managed.
Small scale borrowing has a few built-in problems. The most significant is that borrowing, by definition, includes instant outlays and spending. The choice of borrowing source and the terms of the loans have to dovetail with financial plans.
There’s also a potential bottom line situation: Loan commitments can directly affect profitability, particularly businesses engaged in a lot of different areas of commercial activity. It’s actually possible for borrowing to derail a financial plan, even if it’s well within spending parameters. If business goes backwards or experiences losses, the financial commitment remains, and even a relatively small loan can cause problems.
Borrowing and financial plans
Most forms of small scale business loans can be seen as potential lines of credit.
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Giving Your Online Business a Successful Start
March 1st, 2010 admin By TJ philpott
If you’re looking to start an online business there are 3 big decisions you’ll need to make first in order to give your business a successful start. Obviously much consideration will need to be given to variables such as startup costs, equipment needs, and even your own skill sets. However before you even get this far you will first need to decide upon 3 very important areas of your new business that are much more fundamental in nature. In fact your success will rely heavily upon the decisions you make in these areas.
Let’s quickly review these 3 key areas below:
Choose Your Business Model
There are many varying business models from which you can choose when starting an interest business. You can sell physical products, digital products, membership sites, or even coaching programs. Whatever you select be sure it’s a match with your skill sets and personal preferences. This will only make the long hours you spend developing the business more enjoyable.
Choose Your Niche
The niche or market you choose is one of your most important decisions and should be done with careful and accurate research and consideration.
Starting A Network Marketing Business
February 18th, 2010 admin 
Network marketing has become a huge business opportunity nowadays. If you want to start a business with full intentions of having success, network marketing is for you. It’s important though, that you consider a few things to get you a good plan and vision for this marketing business you want to start. Here are ideas to consider:
Does the Shoe Fit – Does starting a network marketing business seem like it fits you? In trying to make a profit for yourself, you’ll want to study things out first. Understand the product and service that you’ll be selling, inside and out. You shouldn’t force yourself to learn a product that you don’t have interest in. You want there to be passion between you and your product that you’ll sell through your network marketing business. You want the shoe to fit, or else you don’t want to get into this at all.
What will your commission be – Paying off commission rates to your downline needs to be understood. This means you have to take the time to figure out all the calculations and figures, unless of course you hire an accountant.
How can a SEO consultant help me
October 31st, 2009 admin
The goal of an SEO consultant is to ensure more searchers visit his site and therefore ensure its placement in the first few search results. An SEO consultant may target different kinds of searches, including image search, local search, and industry specific vertical search engines.
It is indeed a decision of gargantuan proportions when it comes to hiring an SEO consultant for your site. Make sure that you look into the pros and cons of hiring an SEO consultant for your site. Many an SEO consultant provide useful services for website owners. Reviewing the content and structuring the website, online campaigns, regulating the keyword search and expert opinions are a few services that a competent SEO consultant can provide you with.
If it has been on your mind to hire an SEO consultant, the early bird gets the best worm. A great time to hire a consultant is of course when you are at the thresholds of a site redesign, or planning to launch a new site. That way, both you and the SEO consultant can sit around the site and make sure it is designed to be search engine friendly.
What Criteria Should Be Used To Measure Whether A Business Is Successful??
May 26th, 2009 admin A business is successful if it meets the goals of the business owner. It may or may not not be successful by my measure of success – net profit, competitive advantage, equity growth, efficiencies etc., but I don’t matter in this equation.
A business owner may want enough to live on, low stress and plenty of flexibility while another may want to build a business to pass on to the next generation. Different goals – each having different measures of success.
Every business owner has his or her own goals, whether they be free time, or short-term income, or long-term wealth, or whatever that may be. The same is true for investors ….. some may be happy with more cash flow and less capital appreciation, and others may want to sacrifice cash flow in order to get a saleable asset, while others may want to be influential in a particular industry. I spoke a little while back with an investor who wanted to put a good sum of money into a luxury food product basically to get access to hot clubs. All of these people can be successful, but they may not all be the right partners for each other.
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Indiana Mobile Car Wash Business
February 26th, 2009 admin Writen by Lance Winslow
Do you live in Indiana? Are you looking for a small business to run; one, which is simple and easy to operate? If so, I sincerely hope all is well, in the Great State of Indiana and I have an idea? Have you considered starting a mobile car wash business, in which you would be the sole proprietor?
When is the best time to start such a business? Probably in March as the weather gets better. Not in October thru February, which I would say is a bad time to consider such a launching date, as the mobile car wash business would have issues with weather that a busy season fixed site car wash would not. Generally you run into problem with water freezing at under 17 degrees even with continuous flow or bypassing in pressure washers system. Even if you heat the water, at 12-degrees, the towels freeze to the windows and the soap makes ice-sickles.
It you were in the Southern part of Indiana, you might be able to get away with starting late in the season, but could expect at least 22-35 days of inclement no-work weather.
