How To Become a Successful Entrepreneur

#‎TipToShare‬ from one of my online mentors:

The most important skill you need to develop to succeed in your small business.

And that is “Marketing.”

Marketing is about getting new customers to your business. If you don’t know how to get customers, you don’t have security or stability. This is why many business owners are stressed.

Remember, money is the lifeblood of your business. No customers. No money. Period.

Unfortunately, for whatever reason, many small business owners don’t invest enough time to learn marketing. Instead, they focus too much on the other part of business operation.

Listen, I don’t care if you’re the best service provider or you have the best product, pero kung wala ka namang customers, you’re dead. I can’t emphasis enough the power of marketing.

In particular, I’m talking about “Direct Response Marketing.”

Basically, there are two approaches in marketing. Direct and Indirect.

Most magazines talks about “Indirect” or “Branding.” Their goal is primarily for people to remember your business and hopefully, someday they’ll buy your product. Their intention is NOT to generate action now.

If you have hundreds of Millions of Pesos to burn and have lots of time to wait, then go ahead with “Branding.” Gayahin mo ang Nike, Coca-Cola, and other large companies.

But if you’re a small business owner and you don’t have a lot of money, direct response is the way to go. It’s the proven marketing strategy for small businesses.

Two words: Direct and Response.

“Direct” because you’re marketing DIRECTLY to your prospective customers.

“Response” because you’re asking them to RESPOND immediately.

So your marketing materials must have a “Call To Action” like:

Visit our store now
Call Us Now at xxx.xxx.xxxx
Go to our website at www.
Click here to order today.

Your goal is to turn prospect into a lead and customer as soon as possible. Why? Because as soon as they become a customer, you’ve generated money for your business.

Again, money is the lifeblood of your business. The more money you have the better for you as an Entrepreneur.

Kaya ka nga nag negosyo e, para kumita ng pera at hindi para ma stress lang o masabi lang na Entrepreneur ka.

So commit yourself to be become a marketer. From now on, you’re not just a “Business Owner” but you’re a “Marketer” of your business.

It’s liberating to know that everyday, you have enough new customers coming in to your business.

If you have an online business, it’s great if you have a consistent traffic to your website and turning visitors into a customer.

Key points to remember:

BAGO KA MAGNEGOSYO, ALAMIN MO ITO

Para sa isang negosyante, bawat oras at barya mahalaga. Wala kang maraming panahon o pera para aksayahin sa pantasya. Reyalidad ang matalik mong kaibigan sa negosyo at maging sa personal mong buhay.

Kapag talagang importante sa atin ang isang pangarap, hindi katakataka kung maging hindi realistiko ang pananaw natin sa proseso ng pagpupursige dito. Hindi masama ang maging optimistiko, subalit huwag nating hayaan na tayo ay malulong sa ideyalismo na lampas sa tunay na reyalidad, at pabigatin o pabagalin ang sarili nating paglalakbay bilang negosyante.



Ayon sa mga beteranong graduate at resource persons ng Technology Resource Center (TRC), lahat ng panalong diskarte sa negosyo ay naka-ugat sa realidad. Narito ang ilang napaka importanteng reyalidad sa pagnenegosyo na hind mo dapat pakawalan:

1. HINDI SUPER-TALINO ANG KAILANGAN SA NEGOSYO  
Okey na okey kung mala-henyo ang talino mo, magagamit mo yan ng husto sa negosyo. Subali’t hindi super-talino ang kailangan mo sa negosyo, kungdi super-tiyaga. Sa pagtitiyaga, magiging mapag-tanong ka sa iba na mas matalino sayo.Tutuklasin mo ang talagang gusto ng kostumer. Hindi magdadalawang isip na ibasura ang orihinal mong ideya at kopyahin ang ideya ng iba kung yun ang talagang gusto ng mga kostumer. Sa halip na magsayang ka ng oras sa sobrang pag-iisip, mas pipiliin mong ubusin ang oras sa aktwal na pagnenegosyo. Sa bandang huli, sa pagtitiyaga, pwede kang tumalino.

Ang Agila At Talaba

May 2 Itlog, Nagusap sila kung anong gusto nilang maging pag sila ay napisa na.

Ang sabi ng isang itlog; Gusto kong maging isang Talaba kapag ako ay napisa.

Walang desisyong kailangang gawin, Sunod sa agos ng tubig at lahat ng kanyang pangangaylangan ay ibibigay ng karagatan, pagkain, tirahan, at kung ano ano pa. walang labis walang kulang. Yun ang buhay na gusto ko. Maaring limitado man ngunit  Wala namang responsibilidad na kaylangang gampanan. Ang dagat ang bahala sa aking buhay.

Hindi ganyang buhay ang ibig ko, ang sabi ng pangalawang itlog. Ang nais ko ay maging isang Agila. Ang Agila ay Malayang gawin ang kahit ano at malayang lumipad. Oo ako ang responsable sa aking pagkain, tirahan, at sa aking buhay ngunit Malaya naming lumipad sa himpapawid at kabundukan. Ako ang may hawak ng aking kapalaran at hindi sabay sa agos lamang ng buhay.

Handa akong magsakripisyo para mabuhay na isang Agila.

Ikaw, Anong Gusto Mong Maging? Isang Agila Or isang Talaba?

This is a great story to tell your prospect to make them feel unhappy in their rat race job and situation and to give them motivation to take care of their life and future.

Employee VS Entrepreneur: 20 Differences

The purpose of this comparison is to help anyone decide what choice he needs to fully succeed in his life as a complete human being.

7 ways for Business Owners to Grow their Business

What does it take to be successful in today’s business world? It takes a lot of things to run a successful business.

To start, you have to have a product that’s wanted or needed, and it has to be properly priced. That’s just the beginning.

Tips for Growing Your Business

In order to have a successful business, practice these things. If your business strategy is lacking in a particular area, its time to fix it. These are seven tips to grow your business.

1) Be Hands-On and Meticulous

In order to grow your business, the business owner needs to be there all the time and hands on, like a doctor.

A business owner can never be afraid to do the small tasks. He or she should pitch in and straighten up boxes or pick up things. Small things do get noticed, so attention to detail is very important.”

2) Show Your Passion

Selling is a transfer of enthusiasm. Business owners need to show their enthusiasm for their product or service, as well as for their customers.

Besides showing passion, business owners need to be optimistic. In business, there are all kinds of problems. You have to look for the good in every situation and look for the lesson in everything that goes wrong.

4 Steps Formula: How To Get Rich and Make 1 Million Pesos

 I’m so excited to share with you kung ano yung natutunan from Frank Kern, one of most successful and highest paid internet marketer sa buong mundo. 

Ang record nya, nakapag generate lang naman sya 28 Million Dollars in 24 Hours combined period. This is the formula that helped him become successful (and Rich). Apply this formula in your business and you can achieve success too this 2013. 

Here’s the 4 steps...

Step 1: Modeling - Identify the rich and successful people and do what they do. Ang tawag dito ay “modeling”. Modeling successful people. In other words, humanap ka ng tao na merong resulta at merong success na gusto mong makuha, pagkatapos gawin mo yung ginagawa nila/niya.

10 Tips to Increase Profits in Your Business

A general rule in your financial success in business is that you cannot increase profits directly, only indirectly. You cannot just say that you are going to increase profits of your business without some specific strategy.

The only thing that you can do to increase profits is to improve the variables that ultimately determine your level of profitability. When you improve these 10 variables about your business you will increase profits and affect your bottom line.

1) Lead generation
The process that you use to attract interested prospects to your business. If five out of ten prospects who come into your place of business end up buying from you and you can increase the number of people coming in from ten to 15, you can make more money and increase profits by 50 percent.

2) Lead conversion
The process by which you convert leads into paying customers. This is the measure of the effectiveness of your sales efforts. If you can increase your conversion rate from one out of ten to two out of ten, you can double your sales and increase profits.
Improving your ability to sell and convert interested prospects into paying customers is one of the most important things you can do. And there is no replacement for ongoing sales training, both for you and for every single person who speaks to customers, either live or on the phone.

3) Number of transactions
The number of individual sales that you make to each customer that you acquire. By increasing the frequency of purchase by ten percent, you increase your sales and increase profits by the same percentage. What are some things that you could do to get your customers to buy more from you and to buy more frequently?

4) Size of transaction
The size of the sale and the profit that you earn from each. You should be continually looking for ways to up-sell each customer so that he or she buys more each time.

5) Profit margin per sale
Profit margin is the gross profit that you make from the sale of each product or service. By continually seeking ways to raise the price or to lower the cost of the product or service without decreasing the quality, you can increase profits per sale.

Every dollar you raise a price, if you hold costs constant, flows straight to the bottom line as profit. Every dollar you reduce expenses, if you hold sales and revenues constant, also goes straight to the bottom line as net profit.

6) Cost of customer acquisition
The amount that you have to pay to acquire each paying customer. You should be continually seeking creative ways to improve your advertising and promotion so that it costs you less to buy each customer. This can impact and increase profits of your business dramatically.

7) Increasing customer referrals
The customers who come to you as the result of referrals from your satisfied customers. Developing one or more proven referral systems for your business can have an inordinate impact on your sales and your business will make more money.
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your friend to success,paul vincent lim 
entrepreneur
blogger
motivator