How to Gain Market Share in Very Competitive Environments

With netRivals you can monitor prices automatically as higher market share places companies at an aggressive competitive benefit. Companies with an excessive market share regularly obtain higher fees from suppliers, as their large order volumes increases their search for power.

Gaining market share

In this respect, tools like netRivals help retailers in very competitive environments to have a more detailed view of what is going on in the market with their most direct and stronger competitors, either pure-players or omnichannel stores.

Understanding Market Share

To have a full grasp of market share, it is calculated by measuring the percentage of sales in the standard market.…

Continue reading →

How to Ask for Money When Your Business Is Just Starting

What’s one thing every new business needs?

A product or service? Customers? A gap in the market?

Yes, yes and yes, but one thing comes before everything else: capital.

Raising capital for start-ups

That’s right, cash is key to any start-up success. In simple terms, you need money to make money. Indeed, it’s been found that 29% of new businesses fail through having a lack of cash.

Any new business needs sufficient investment capital.

Now, you could use your personal savings. Sooner or later, though, most businesses need external investment. And for that, you need to know how to ask for money.

It doesn’t matter whether you’re seeking support from banks, venture capitalists, angel investors, or friends and family.…

Continue reading →

How To Improve Your Workflows: 10 Tips Here

Are you having trouble with the efficiency of your company? Are you unable to accomplish your tasks on time? If the answer is yes, then maybe it is time to improve your workflow.

Better workflow improves overall business

All of us want to achieve more and more in our life. For all the business people these tendencies lead to overcomplicate things in work. To tackle all these, a proper workflow plan should be there.

What Is A Workflow And Why Do We Need It?

Workflow is basically the steps that are required to be followed by an individual or a group of people in order to complete a given task/project.…

Continue reading →

Rewarding and Retaining Your Sales Talent

Salespeople are unique in that they are both the key to the expansion and consistency of revenue, yet are often treated as expendable. Many a salesperson has found an open door and open arms that stay open just until they’ve exhausted their contacts, and then they’ll find that door firmly shut.

Talented salesman doing sales presentation

This might make sense from a purely economic point of view, but people aren’t mere data and numbers, and mistreating your salespeople will not only drain them of their loyalty, but also their incentive to stick around when a better offer crops up. As a business which respects its employees, you’ll want to consider these tips to retain your sales talent for the long haul.…

Continue reading →

7 Tips To Secure The Mortgage For Your Dream Home

If you are securing a mortgage for the first time, things can be very confusing and challenging. But fear not, these seven tips can help you in getting started on the right foot. Without further adieu, here are the tips:

Securing mortgage

1. Clean Up Existing Debts

Most commonly, a mortgage will be the biggest debt you and your family have ever taken on. If you have existing debts or loans, these should be paid back first. This will not only ease the financial burden on you, but it will also make it more likely that you get approved for a mortgage.…

Continue reading →

7 Benefits of Psychometric Profiling

Profiling provides an in-depth look at someone’s personality and psychological functioning that may not be readily apparent. Using self-report questionnaires, many companies rely on psychometric tests to screen candidates and gain a better perspective on how well someone will perform in a given position.

Psychometric profiling test

Should you try psychometric testing yourself? Read on to learn the benefits of psychometric profiles and how they can help you find the best talent.

1. Identify Ideal Candidates

Coming up with a personality archetype through psychometric testing is a great way to scout potential hires. Understanding the characteristics, qualities and behavioral tendencies of the ideal person makes it easier for recruiters and hiring managers to identify the right people.…

Continue reading →

7 Ways to Evaluate the Work of a Shopfitting Company

When it comes to deciding on creating a small business, it is imperative to get all the details right from the start. A business venture needs to immediately appeal to customers. This is where many business owners find it ideal to work as closely as possible with a skilled shopfitting company. At the same time, it can be hard to figure out which particular company is right for you.

Retail store shopfitting

Evaluating the work of a shopfitting company is easy with help from the experts, such as those at WhatsOnProjects.com/shopfitting-sydney/.

Attention to Detail

One of the most important aspects of bringing a shop to life is making sure that all the details are in place properly.…

Continue reading →

Why Local Startups Should Use a Local Phone Number

Entrepreneurs can give their businesses a significant boost in credibility by signing up for a local VoIP phone number.

The internet is revolutionizing the business world. Nevertheless, the telephone is still one of the most important marketing tools that businesses use to engage consumers.

Local business phone number matters

Today, nearly all companies focus on building their online presence. Many, however, forget that a considerable segment of consumers still prefers familiar and time-tested phone communication.

By securing a local number for your business, you can build rapport with local buyers.

You’ll Create a Stronger Presence for Your Startup With a Local Number

It’s easy to understand why customers prefer to patronize businesses with a local number.…

Continue reading →

5 Entrepreneurial Skills You Need to Be Your Own Boss

Around 27 million Americans are entrepreneurs. In order to be a successful entrepreneur, you’ll need to possess certain entrepreneurial skills.

As of recently, experts are seeing an increase in entrepreneurs. This includes entrepreneurship among young people as well as people over 50 years old.

Young entrepreneur

You, too, can build a business that works for you. You deserve to be your own boss.

Here are 5 skills needed to be an entrepreneur:

1. Time Management

Managing your time effectively is one of the most critical skills for entrepreneurs there are. Be mindful of the clock and how you spend your time.

You’ll have to budget your time well in order to be productive.…

Continue reading →