How To Prosper As Times Get Bad

Written by Lisa Lake


The bad news just won't stop! Every day brings more gloom and doom headlines about how our once stellar economy is sinking. Big companies are laying off employees byrepparttar tens of thousands. Stores are cutting back on inventory. Thousands of home-based businesses are getting scared and giving up.

No question about it, our economy is going through a tough spell. But not everyone is hurting. Many businesses make big gains during times like these.

Just checkrepparttar 106793 Fortune 500 for major companies that started in somebody's garage duringrepparttar 106794 Great Depression, or duringrepparttar 106795 horrible recessions ofrepparttar 106796 1970s, or duringrepparttar 106797 downturn ofrepparttar 106798 early 90s.

Good ideas and hard work flourish no matter whatrepparttar 106799 economy looks like. Here are three simple ways to help you succeed no matter what.

1. Cut costs now! Look for little purchases you can do without. Try to cut down on non-essential services that bill you each month. Cutting even a few small items can quickly add up to big savings. You can count those savings as increased profits or simply more cash flow to help you keeprepparttar 106800 doors open when sales are slow.

Byrepparttar 106801 same token, don't do without products and services that are essential to your success. You don't want to throwrepparttar 106802 baby out withrepparttar 106803 bath water.

You can work an asset harder to make it produce a bigger profit. I often think we could do without some ofrepparttar 106804 web hosting services we buy. But then it occurs to me how we can use all those nice web features to better serve our customers and pull in more sales. Use use what you have with more intensity and efficiency.

2. Reduce employees and outsource. I don't mean that you should fire good people. But resistrepparttar 106805 temptation to immediately hire someone new when one of your employees quits. Slower sales demand less human power. Employees who are motivated by leaner times may be able to take on more work than they did before.

Some Things To Consider When Selecting A Leads Exchange Group

Written by Leni Chauvin


It has been said that 80% of business today comes from referrals. People want to do business with people they know, like, trust and respect. I believe that with all my heart.

Because I believe that one ofrepparttar best venues for developing strong referral relationships is at a leads exchange group, and because of my roots in that arena I am asked allrepparttar 106792 time about different groups and how to selectrepparttar 106793 "right" group. This is what I always say:

-- Talk torepparttar 106794 members and ask: Is there a large turnover rate?--why? Is it producing results or is it just a koffee klatch? What do they like/dislike aboutrepparttar 106795 group? What have they learned since joining? How, besides receiving leads, have they benefited? Do they feel their best interests are being looked after?

-- Look atrepparttar 106796 fees. How dorepparttar 106797 fees compare with traditional methods of advertising? Ask yourself if it is cost effective,--not, "is it expensive?" Everyone seems to knowrepparttar 106798 cost of things, but not their value.

-- Considerrepparttar 106799 group's structure. Some people like structure, some don't. The structured groups, which usually meet weekly, and allow only one person per occupation to join, tend to producerepparttar 106800 most results, and keep members focused on finding qualified leads for one another. Consider ifrepparttar 106801 structure suits your personality. Will you be able to adhere torepparttar 106802 rules and regulations? -- Check to see if there is an opportunity for you to take on a leadership role. This is really important as it gives yourepparttar 106803 chance to show off how you do things. You will be seen as a leader and a good source of leads, which, in turn, will bring leads to you. Do an amazing job as a volunteer, and people will assume you'll do an amazing job in your professional life, too.

-- Be honest about your level of commitment. Will you be able to attendrepparttar 106804 meetings regularly? Regular attendance is important for two reasons. First, it gives yourepparttar 106805 opportunity to reinforce who you are and what you do over and over again so that when someone inrepparttar 106806 group is inrepparttar 106807 market for your product or service, you will berepparttar 106808 first person they think of. Secondly, regular attendance shows you care aboutrepparttar 106809 OTHER members and their business growth. If you're not there to hearrepparttar 106810 presentations ofrepparttar 106811 other members, what kind of a signal do you think you're sending? Remember, Networking Superstars (tm) go to these meetings to GIVE. Go with that attitude and you'll be onrepparttar 106812 receiving end in no time.

If you're not able to commit to regular attendance, then this format isn't for you. Consider joining a group that is less structured and works more on a drop-in basis. Go as often as you can to create visibility. It will take you longer to get referrals from this type of group, but it can still be beneficial.

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