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  • +1

    When to Lower Your Price Point

    You'll pay the price if you swing the wrong way when navigating the price point waters. The price debate is a yo-yo dilemma with serious consequences for your business. How do you know if you should be fighting for every penny or luring in customers with low-price deals? You'll pay the price if you swing the wrong way, so here's a ...
    Rated: +1
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    Is the ‘Free’ Model the Smart Way to Do Business Digitally?

    Is the ‘Free’ Model the Smart Way to Do Business Digitally?
    Jul. 20 – First, a little confession. While this story pretends to be about things becoming free, that’s only in the sense of free samples; buy one, get one free; bare bones for free in hopes of selling the deluxe version; free but with advertising. You know the drill. But now free is the new black — chic, essential, even sexy. ...
    Rated: +1
  • +2

    Shipping 101

    Shipping 101
    Shipping is the roughage in an entrepreneur's diet. Nobody's interested in talking about it, but everybody's got to deal with it. In fact, shipping is one of the most challenging aspects of business for many entrepreneurs. Because the fact is, no one shipping vendor or shipping policy fits all. Much depends on the industry you're in, the kinds of products you ...
    Rated: +2
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    The Restaurant Toolbox

    The Restaurant Toolbox
    As a restaurant manager, you're expected to meet the daily challenges of running a restaurant head on and fight daily fires quickly and efficiently. The speed at which business occurs in a restaurant, along with the tight profit margins, means every move counts. Myriad technology solutions exist to reduce costs and streamline an operation. From back-of-the-house software that will manage purchasing, ...
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    Accepting Customer Payments: Selecting the Safest Payment Solutions for Your Business

    Accepting Customer Payments: Selecting the Safest Payment Solutions for Your Business
    Q: What's the safest way for me to accept payment from my customers? A: Identifying which payment methods are best for you depends on the type of company you run and how you conduct business. Anti-fraud technology and encryption techniques are continually improving in the transaction-processing industry. And secure, affordable payment solutions exist to meet almost every merchant's needs. Retail Businesses ...
  • +8

    Selling Cost vs. Price: Find the Price Point That Covers Your Costs and Provides a Profit Margin

    Selling Cost vs. Price: Find the Price Point That Covers Your Costs and Provides a Profit Margin
    I recently finished a keynote presentation for an industry that's getting hit hard by competitive pricing. Customers want the best price they can get, especially in a difficult economy. So what can you do to keep your price at a number that covers your cost and maintains your profit margin, without discounting? I have two options for you: Walk away from ...
    Rated: +8
  • +3

    Do You Accept Credit Cards? Are You In Compliance With The Law?

    Do You Accept Credit Cards? Are You In Compliance With The Law?
    Last week ProPay organized a webinar to help businesses who accept credit cards understand the obligations they have to their customers and through regulation to ensure their customer's credit card information is not compromised. The webinar (get more information about it here) helped the attendees understand that criminals are not just going after "big businesses" they are probing and trying to ...
    Rated: +3
  • +5

    Better Shipping

    Better Shipping
    You're almost done. You found a product (or product line) to sell, listed it on eBay, sold it and received payment. Now it's time to pack and ship it to the buyer (this is also called fulfillment). While your focus may have initially been on selling the item and getting paid, quality packaging and accurate shipping will have just as much ...
    Rated: +5
  • +2

    Trends: Car Dealers Embrace the Web

    Trends: Car Dealers Embrace the Web
    Before browsing at a new car showroom, most Americans browse online. Almost 90 percent of consumers turn to the Internet as a research tool -- in addition to traditional sources such as newspapers and magazines -- although only about 30 percent complete a sales transaction online, auto industry analysts say. "People think they can click a button and a vehicle magically ...
    Rated: +2
  • +4

    Business Management Basics: Seven Factors for Success

    Business Management Basics: Seven Factors for Success
    All business owners want to be successful. This article outlines seven aspects of a company that require effective management. You can always find ways to create a "well-oiled machine." Improvements typically translate into returns on your investment. 1. Marketing - Product, price, and positioning. Timing is everything. Snickers, Tootsie Pops, Mars bars, and Three Musketeers were all created during the Great ...
    Rated: +4
  • +4

    Wal-Mart to offer 100 toys for $10 during holidays

    Wal-Mart to offer 100 toys for $10 during holidays
    BENTONVILLE, Ark. — Wal-Mart Stores Inc., the world's largest retailer, said Wednesday it will offer more than 100 toys at $10 during the key holiday season. Wal-Mart is offering the promotion to attract recession-weary shoppers during the crucial holiday season, when toy retailers record up to 40 percent of annual sales. Additionally, Walmart stores will match any local competitor's advertised offer ...
    Rated: +4
  • +1

    In Case of Emergency: Create a Disaster Plan

    In Case of Emergency: Create a Disaster Plan
    A smoke alarm or a life preserver may save your life, but they won't save your business. You need a real disaster plan now. Your business's survival depends on it. Lonnie Lehrer thought he was prepared for anything. The CEO of Leros Point to Point, a New York City limousine service, had redundant computer systems for his dispatch software, battery backup ...
    Rated: +1
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    The Worst That Could Happen: 5 Scenarios

    It's time to face your worst business nightmares. Don't cover your ears and cringe until you hear how you can prepare yourself. Oklahoma City. Columbine. September 11. Every once in a while, we are reminded life is unpredictable. And if you're responsible for employees and customers, you've come to the conclusion that it's never a bad idea to imagine the unimaginable.Two ...
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    How to Find and Work With Suppliers

    Whether you're looking for raw materials for manufacturing or finished products to resell, this guide will help you find and forge great relationships with suppliers. Suppliers are essential to almost every business. Without raw materials to make what you sell or manufacturers to provide what you resell, you will have a tough time growing. There are also many supplies and services ...
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    Furnish Your Office in Style (Cheap!)

    Furnish Your Office in Style (Cheap!)
    Maximize space and improve communication with the right systems furniture in your office. Equipping your employees with the right equipment can do wonders to improve communication, productivity and morale. The same applies to their work environment. Systems furniture can help you deliver the appropriate space to meet your staff's needs. Systems furniture consist of multiple parts that can be configured to ...
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    Get Organized With New File Cabinets

    Get Organized With New File Cabinets
    Organize your office and improve time management with a good filing system. Despite the rise of electronic documents, file cabinets remain a fixture (and a rather ill-designed one) in most offices. Choosing one involves more than simply selecting the number of drawers; subtle differences can affect whether you wind up with a neatly organized filing system or mounds of paper stacked ...
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    IP Security Camera Pros and Cons

    IP Security Camera Pros and Cons
    An IP security camera offers many benefits compared to a traditional analog camera. An IP security camera produces better images, higher resolution and has more flexibility than analog cameras. And that's just for starters. Because IP cameras store the images they capture on a server, users can e-mail video images to anyone in the organization for further consultation. With old analog ...
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    Security Technology Value Engineering: Mistakes to Avoid

    Security Technology Value Engineering: Mistakes to Avoid
    Security directors and facility executives alike have had to deal with a common C-suite mandate of late: Do more with less. This is especially true during the design of a facility, as an organization works to fulfill the operational and functional requirements for the building within the expected budget or guaranteed/gross maximum price. Unfortunately, the economy has far-reaching impacts on the ...
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    The Profits and Perils of Supplying to Wal-Mart

    The Profits and Perils of Supplying to Wal-Mart
    When Taunya Painter worked as a senior corporate counsel for Wal-Mart (WMT), she noticed that many of the small suppliers that wanted contracts with the world's biggest retailer, known for pressuring suppliers to cut prices, hadn't done all their homework. Few fully understood what they would be signing and few took advantage of Wal-Mart's supplier development team, a free resource designed ...
  • +2

    Taking Stock of Inventory Management

    Taking Stock of Inventory Management
    If the very thought of "inventory days" calls to mind one of Dante's circles of Hell, maybe it's time to take a page from Stephen Carroll's playbook. Carroll is the owner of Walking Equipment Co. in Largo, Fla., a $2 million business that sells medical devices such as canes and wheelchairs online. On a busy day, his six employees ship some ...
    Rated: +2