Small Business Q & A: Turnkey Dropship Websites Save You Time, Trouble and Money

Written by Tim Knox


Continued from page 1

And when you finally think you have thought of everything there is to think of, that you have done everything that needs to be done, you launchrepparttar site amid little fanfare and much prayer.

Then it suddenly occurs to you (always inrepparttar 104831 middle ofrepparttar 104832 night) thatrepparttar 104833 only thing you forgot to build in to your new site is a way for your customers to pay for their purchase online with a credit card (there was no Pay Pal inrepparttar 104834 dark ages, my child…).

You awake in a cold sweat and finally understand why you haven't sold a single Beanie Baby since your site was launched.

Ah,repparttar 104835 good old days… Thank God they are gone.

Lucky for you and me, Beth, there are now a number of companies onrepparttar 104836 Web that can help folks like us set up a turnkey dropship website without ever breaking a sweat.

By turnkey, I mean they will provide you with a complete, payment- enabled website andrepparttar 104837 merchandise to sell onrepparttar 104838 site. All you do is turnrepparttar 104839 key (so to speak) to start your new business.

You selectrepparttar 104840 design ofrepparttar 104841 site,repparttar 104842 products you want to sell, and they dorepparttar 104843 rest. They can show you how to setup an online payment system, help you register a domain name, offer technical support, and more.

It is up to you to marketrepparttar 104844 site and drive customers to it, but in some casesrepparttar 104845 companies will even help you do that with free search engine submissions and marketing tips.

You can also sellrepparttar 104846 merchandise at online auctions like eBay and Yahoo! Auctions. There is no quicker way to get your dropship business up and running in a matter of days.

Here's to your success!

Tim Knox tim@dropshipwholesale.net For information on starting your own online or eBay business, visit http://www.dropshipwholesale.net

Tim Knox as the president and CEO of two successful technology companies: B2Secure Inc., a Web-based hiring management software company; and Digital Graphiti Inc., a software development company. Tim is also the founder of dropshipwholesale.net, an ebusiness dedicated to the success of online entrepreneurs. http://www.dropshipwholesale.net http://www.smallbusinessqa.com


Small Business Q & A: The Business Autopsy: A Fact Of Life

Written by Tim Knox


Continued from page 1

Believe me, I know.

The final contributing factor torepparttar death of sixty-three percent ofrepparttar 104830 businesses who died from bad management was thatrepparttar 104831 owners had no relevant or applicable business experience.

Bad financial planning wasrepparttar 104832 second reason sited byrepparttar 104833 survey as to why most businesses fail. In business, it's always about money. According torepparttar 104834 U.S. Bank study, eighty-two percent ofrepparttar 104835 business failures studied reported poor cash flow management as a contributing factor torepparttar 104836 death ofrepparttar 104837 business.

Seventy-nine percent ofrepparttar 104838 businesses were inadequately funded, and seventy-seven percent miscalculatedrepparttar 104839 cost of doing business. In other words, they failed to take into account all ofrepparttar 104840 costs involved when settingrepparttar 104841 price for their products.

Let's move on to my favorite subject: bad marketing. You've heard me preach this sermon before. You can haverepparttar 104842 greatest product inrepparttar 104843 world, but if your marketing efforts are inadequate or ineffective you will end up with a warehouse full ofrepparttar 104844 greatest product that no one inrepparttar 104845 world has ever heard of.

The study showed that bad marketing was a contributing factor inrepparttar 104846 death of sixty-four percent ofrepparttar 104847 businesses surveyed. Many of these misguided entrepreneurs either minimizedrepparttar 104848 importance of marketing and promotion or ignored it totally.

A vital part of marketing is knowing who your competition is and always knowing what they are up to. The entrepreneur who ignores his competition is a fool (gee, was that too harsh?) and is always destined to fail, as proven byrepparttar 104849 fifty-five percent ofrepparttar 104850 dead businesses inrepparttar 104851 survey who either didn't even know who their competition was or simply chose to ignorerepparttar 104852 competition altogether.

Here's a nice hole inrepparttar 104853 sand for you, sir.

Please insert your head…

Another mistake made by forty-seven percent ofrepparttar 104854 deceased businesses was that they relied on just one or two customers for repparttar 104855 bulk of revenues. This is a common mistake made by many business owners who devote all their energy to one huge client. What they don't seem to understand is that if that one customer goes away, so does most of their revenue.

When performing your business autopsy you might identify other contributing factors that were beyond your control, such as a down economy,repparttar 104856 lack of qualified employees, new government regulations that negatively affectrepparttar 104857 way you must do business,repparttar 104858 failure of a strategic partner, etc..

There will always be things you can't control. The key to business success is to keep control of those things you can and do everything you can to prepare for those things you can't.

Next time we'll discuss a few things you should and should not do to help ensure your business success.

Here's to your success.

Tim Knox tim@dropshipwholesale.net For information on starting your own online or eBay business, visit http://www.dropshipwholesale.net

Tim Knox as the president and CEO of two successful technology companies: B2Secure Inc., a Web-based hiring management software company; and Digital Graphiti Inc., a software development company. Tim is also the founder of dropshipwholesale.net, an ebusiness dedicated to the success of online entrepreneurs. http://www.dropshipwholesale.net http://www.smallbusinessqa.com


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