The Right Way To Make Money In Small Businesses

For entrepreneurs who do not have much money, the first is from childhood.

First, we should be cautious about franchising.

Nowadays, franchising is very hot. What kind of advertisements such as bookstores, cosmetics and so on are all over the world. In fact, joining the chain is a cooperation, at the expense of your profits.

In order to make every coin fall into your pocket, you need to work hard for yourself, and often remind yourself of what you want to start.

Two. Don't worry about the boss's addiction.

After some business is on the right track, they think that they can sit back and relax. They start to hire their employees and become their own shopkeeper.

Three, do not avoid taking emotions to start a business.

Many friends are unhappy with their present units or feel that their talents are not being used in the original group, so they choose to start their own businesses. This emotion can play an incentive role, but sometimes it will cause insensitivity to market signals or make a desperate decision with a gambling mentality.

Four, treat the pressure from career correctly.

A very simple example of entrepreneurship is that, like in the army, it is very likely that a very good subordinate officer is promoted, but his performance is not as good as he used to be in a lower position.

Five, identify the relationship between the market and consumers.

Depending on a mature industry, the industry needs to be big enough.

Because the industry is large, we can make money by making market segments. Because of the high maturity of the industry, the use of ready-made consumer groups can save the cost of developing new markets and arouse consumers' troubles.

Six, don't take profits too seriously.

As the saying goes, "three points are good enough to eat, and seven points are enough to starve the dead."

The profit is thin, but it is easy to form an advantage in price, so as to make up for the loss caused by the price.

Small business capital is rather limited, and most fear of backlog of commodities, capital can not be turned into dead money, the burden is heavier and heavier, which will affect the next step of operation, forming a vicious circle.

Although small profits and quick turnover are clear, it is the most easily neglected business policy of small operators.

Personality fraud in the market is mainly reflected in small companies and small traders, and ultimately harm and harm themselves, and become short-lived businesses.

Seven. Extra services.

In order to promote sales, some businesses take a price war and take the road of small profits but quick turnover. Some give customers a return of their gifts, others do some raffle returns, others use the media to advertise, but they can do everything they can. But these commonly used promotional tools are often not very good.

Yang boss, who runs the cooker business, came up with the "trick to buy a wedding video for free". This time attracted many newlyweds to come home and do business better than their peers.