Budgeting Your Business Online, What You Need to Know

When it comes to budgeting your business online two things comes into play. You will either have time to run your business or you will have money. Most new business owners are getting in to this market to generate great income so these new owners are looking for free to low cost marketing methods. You will have to know which methods are going to give you the best conversions, and the best and fastest way to make sales.

Budgeting your business online does not mean you sign up for every email that comes into your inbox with the best way to generate leads. Make sure you opportunity has the resources needed for you to plug in to their methods that they have already tried and tested to be effective. Your time will be needed when generating these leads and should be exhausted on money making activities, not seeing if something works.

Your opportunity should have an office that has all the training on how to generate prospects while budgeting your business online. The stats should be clearly stated of visits to leads, leads to purchase, and purchases to members. That is what is called conversions. If you know this method and what it takes to get to those conversions, how could you not be generating the leads you need to take your business to the next level?

There are so many ways to run your business budgeting online. There are opportunities online that show you exactly how to do this and have proven results. Some of the free to low cost marketing methods are classifieds, videos, press releases, blogging, social sites, and so on and so on. I’ll just name a few. So many top earners in this business have started out using these same methods until they created a snow ball affect, and that’s when you can jump into marketing methods that you can leverage money for time.

5 Tip-Offs Your Counterpart is a Better Trained Negotiator Than You Are!

Nobody likes to be snookered, to be taken advantage of, and this especially so when we’re negotiating.

If we’re hoodwinked or conned when dollars and cents and promotions and salaries are at stake, it’s especially painful.

Before you rush off to that next job interview or performance evaluation, or you race to bargain for that new car or enticing house, open your eyes and take the measure of the people you’re negotiating with.

It may save you money, embarrassment, and even your career!

Here are 5 tip-offs that they may be more skilled at the game than you are:

(1) IS HE TOO DUMB TO BE TRUE? That car dealer that seems to be the village idiot may be simply playing Lt. Columbo with you. You remember him, the TV detective who mumbled and bumbled his way to solving case after case, ensnaring the most evil and, get this, the cockiest and most over-confident bad guys in the world! Playing the bozo is a smart move, according to a consensus of negotiating pro’s. By asking questions and appearing un-slick, you gain several advantages, not the last of which is you listen more than you talk, you fact-find, uncover their negotiating ranges, and you induce the other party to make damaging disclosures while avoiding the perils of blabbing. There was only one job interview where it paid for me to appear smart, and that was when I sought college teaching positions. So, exceptions exist, but they’re rare.

(2) IS SHE THE NICEST PERSON YOU’VE MET IN MONTHS?

Nice people are disarming. They offer us a glass of water, hold doors open for us, smile, make pleasant eye contact, compliment our attire, and put us at ease. And in doing so, they get far more from us, through tit-for-tat, our desire to reciprocate, than they would ever extract through bullying. The “hard negotiator” exists, the one who seems to put his bulldog personality before all else. But he isn’t nearly as effective, in most cases, as that flawlessly polite and congenial person that seems to REALLY LIKE US! Beware of them.

(3) DOES SHE CONFESS THAT SHE HAS LIMITED AUTHORITY?

This is one of the oldest gambits in the book. If I have limited authority, I can’t seal a deal all by myself, which means if you can, what you promise is binding, but what I “think I might be able to do,” is always tentative. This means you make concessions without a stop-loss, and I haven’t conceded a thing. I’ll leave the table with all of my options open, always promising to “see what I can do,” but only getting final approval much later on, after you have caved in on point after point.

(4) LIKE A GREAT FOOTBALL COACH, DOES HE KNOW HOW TO PLAY THE CLOCK?

Effective negotiators seem to speed up and slow down the pace of the game, nearly at will. When a sense of urgency suits them, you feel pressure to answer their questions, provide commitments, and make concessions on the spot. When they find it valuable to slow the pace, to heighten your frustration and to tweak your need for quick closure, suddenly, they have to take a break or are called into another meeting or have to take a call and get back to you later. The Master of the Clock is typically a negotiation master, as well.

(5) JUST WHEN YOU THINK YOU HAVE A DEAL, DOES SHE NEED JUST ONE SMALL FAVOR OR ADDITIONAL ITEM?

A “nibble” is a tiny morsel that your counterpart asks for just as, or even some time after you think your terms have been agreed upon and are final. The smart buyer says to the car dealer, “Of course, you’re going to make sure to give me a full tank of gas, aren’t you?” Depending on the model, that can be a $50 nibble, or much more, if you’re buying a Winnebago. Is any sane seller going to refuse, to watch his commission scamper away over a measly few dollars? Yes, some will, who resent nibblers, but most won’t.

Looking at the bright side, now you know five of the most typical negotiating gambits, and of course, you can use them too, when you encounter someone with even LESS training!

Don’t Weaken Your Business Communications, Presentation Skills and Emails With Mindless Imitations

“The imitator dooms himself to hopeless mediocrity.” Ralph Waldo Emerson

Doesn’t he though? I always tell my business writing skills and presentation skills students that they won’t go wrong if they assume their readers/listeners are intelligent adults paying attention because they want to add to their knowledge. Communicate under that premise, and you will gain respect.

Serial copycat abusers of our mother tongue are anathema to that audience. As I noted a few months ago, mindlessly inserting “going forward” and “due diligence” and “most unique” risks irritating your readers and listeners, which changes the context in which they evaluate your thinking. Remember: That’s you on that email or memo, and if you’re dealing with a new contact, remember this as well: You never get a second chance to make a first impression. That is the essence of effective business communications — reaching and impressing a busy audience.

So, to the third installment of the Language Hall of Shame:

o Low-hanging fruit – When this one pops up I’m tempted to make eye contact with someone else in the room and share a knowing grin. But let’s try to be serious. Here’s the day-to-day “business world” interpretation of low-hanging fruit: When faced with a challenge, you do the easy stuff first. So how about instead: “Let’s confront this problem one step at a time…”? I recall attending a planning meeting where “low-hanging fruit” entered the discussion early and was repeated eight times by four or five other adults. Apparently, all it takes is one brief utterance to turn otherwise bright people into language lemmings.

o Defining moment – I take that to mean the one crucial stage or decision that lets us know whether we’re facing success or failure. If so, then by its very definition, the phrase must be used sparingly. Yet it sounds so precise that we overuse it because we feel authoritative and insightful. But how many “defining moments” can there be? Pile up too many of them, and they lose their impact while you look shallow and unimaginative.

o Rgds and tks – Whoa, you must be one extremely busy and important executive if you can’t find the time to write out “regards” and “thanks.” And lest I forget that, tks for reminding me of your stature every time you send an email. Maybe, as the poet William Wordsworth said, the child really is “father of the Man,” and we should start aping the shorthand that our brilliant offspring use when they “text” each other.

While I’m at it, a word about the etiquette of writing emails: Why are we no longer starting them with a proper salutation, such as “Hi, Bob” or or “Good Morning?” When you pick up a phone for a business call or run into someone at work, don’t you usually start with a “Hi, Bob” or a “How are you?” What is there about email that gives us permission to be abrupt, even rude?