Boot-Strapping Tips #2
to improve your Success
from Blog of Dr Shannon Reece, enhanced by Peter@Wiz4.biz 3/13
4. Drop Ship on eBay! The Customer orders/pays. You then send the order to the manufacturer. You pay the mfr and the mfr ships the item to the customer. You never have to lay out any money. What could be more risk-free? Tobi Kosanke of Crazy K Farm.
5. Never Stop Marketing! I started my first business on the floor of my living room with a dream. My reality was that my funds were limited but my dreams were unlimited, so I decided the best way to achieve success is to fund it myself. I started an intense marketing campaign in 2004. I purchased Cheap Ad space in local Newspapers, Craigslist, Banners, posted & eMailed Flyers & even started hosting small events to spread the word about my business. It did not take long before the Clients started to roll in. The profits started to fund my business quickly. The best advice I can give to anyone who would like to start a business, but lacks the Seed Capital to get started, is to create the Cash Flow yourself. Effective marketing is key to business survival & growth. Carol Sankar Enterprises
6. Being Lean. If I spend a Dollar, Will it make me a Dollar? I am a co-founder of the Bootstrapped Internet Startup, SkillAddiction.com. We launched in April 2009, and the only funds that have been acquired externally were from winning a Business Plan competition and a small award from an Academic Fund. The way that we’ve been able to run so lean, and generate revenue while Boot Strapping is by “always” considering the following question: “If I spend a dollar, is it going to make me a dollar?” While there are lots of fun Website features out there, the only projects that we’ve undertaken are ones that will likely generate enough revenue to justify the expense. Taylor Louie
7. From The Book “Don’t Sweat The Small Stuff About Money” The book “Don’t Sweat the Small Stuff about Money” was the template for moving forward when I started my business. If money is the focus, you miss opportunities, even small ones such as marketing materials, memberships, software choices, programs & so much more.
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