Category Archives: Business Ideas

Time To Increase Your Finances In 2020

For most of us the New Year heralds plans to get fit, eat better and generally be a better human. But have you thought about what you could do to improve your finances in 2020? There are a several simple steps that could make you significantly better off next New Year’s Eve.

Firstly, this is a good time to reassess your investment portfolio. Gauge whether the spread between different asset classes still suits your appetite for risk and the time you intend to be invested. The asset classes you choose to invest in will ultimately determine how your portfolio performs, usually more so than the specific investments you choose.

  While you are at it check what fees you are paying; these can greatly reduce long-term returns. You may be able to save thousands by the time you retire by switching to a cheaper investment platform, in which case it would be daft not to do it. When it comes to your household finances, plan to tackle one bill at a time. Millions of people have lapsed from their initial-offer rates onto standard rate for all manner of bills, from electricity and gas to TV services and the gym. Pick one bill each month and cut the cost.

Your mortgage is likely to be your biggest monthly expense so take strides towards paying it off. Plunging interest rates mean now is the time to strike to knock years off your home loan term or save thousands in interest. Find out what interest rate you are currently paying and whether you would pay any charges to switch now.

Then look to see if you could get a lower-rate deal. If you can get a lower rate – which you probably can in the current market – switch, but keep your mortgage repayments the same. Moving from a rate of 4.24% to 1.39% but keeping your repayments the same would allow you to shave seven years off a £150,000 mortgage, saving £8,871 in interest. Finally, keep an eye on your credit-card statements. It’s so easy to sign up for things on trial, then forget to cancel. Check your spending, cancel any subscriptions you no longer use and raise any suspicious activity with your card provider.

Testing Your Business Idea

Just read an article by Jason Cohen, founder of Smart Bear Software, which reminded me of something incredibly important for anyone thinking of launching a business.

Cohen says that many would-be entrepreneurs invest huge amounts of time money and effort into their business idea without doing something very fundamental – they don’t ask people whether they would buy from them. He argues that if you can’t find ten people who say they would buy from you, you don’t have anything. Most would be entrepreneurs simply don’t ask the question before committing to the business they’re scared of getting a negative response.

I think Cohen is right up to a point, but he doesn’t really go far enough. In my experience, it’s not enough to have someone say that they would buy if the product/service was available – you need them to make a real commitment. It’s very easy to tell someone what they want to hear, but less easy when there’s real money at stake.

I can’t pretend this is easy for all businesses, but if you can find some way to get a real financial commitment from your perspective customers, you’ll get a far better idea of the potential of your business idea than by merely asking a question.

Today’s National Day   

no eats alone.png

NATIONAL NO ONE EATS ALONE DAY! 

PUBLISHERS NOTICE 

 FINALLY REVEALING  IAN’S
“INCOME FOR LIFE”
SECRET!

  Hello.
    

    Are you worried you’re going to have to “work until you drop“?

    Are you tired of working all day, every day to make someone else rich when it’s YOU who should be the one becoming wealthy?

     Ian once shared that grief, but now he never has to worry about money again…

    Here’s a PROVEN way to make enough money to retire on as soon as you want, never work again and enjoy a fabulous income for life.

   And it’s not like you even have to quit your job if you don’t want. You can keep your regular paycheque coming in if you’d like while you follow the specific steps of this blueprint in your spare time.

     Let us show you everything about this when you click the link below:

www.streetwisenews.com/wizard

Best Wishes

john sig.png

John Harrison 

Modern Day Suggestion Box

The internet has given a new lease of life to many old established ideas, and the suggestion box is no exception. Now, instead of it being a dusty unused physical entity, it’s being turned into something virtual, interactive and useful.

Take Swedish Bank Avanza as an example. They have a section on their site, dedicated to customer suggestions for how they might improve their service. Other customers are then encouraged to look at the suggestions and vote on the ones they would like to see implemented.

So customers come up with the suggestions, and then other customers, vet and judge the suggestions. It seems an excellent way to ensure that any changes you make are well received by your customers.

Is this an idea you could incorporate in your own business?

Motivational Quote Of The Day

“Success is not final, failure is not fatal: it is the courage to continue that counts.”                                         

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Winston Churchill

Alternative Quote Of The Day

“What a kid I got, I told him about the birds and the bees and he told me about the butcher and my wife.” 

rodney
dangerfield.jpg

Rodney Dagerfield

The Extra Time Entrepreneur

If you’re looking to supplement your income by running an enterprise run after work, then you’re part of a growing wave. People have always done this of course, but technology has brought it within the grasp or just about everyone now.

Go back a few years, and we lived in a 9-5 world where it was difficult to get everything done ‘out of hours’. The internet and other mobile communications have changed all that and it’s perfectly possible to become an entrepreneur in your spare time. Whether you’re running a website, selling a service, promoting a product, financial trading or a hundred and one other things – having a job is no excuse for not having a go.

Do you have businesses and ventures up and running and making money in your spare time? If not, why not?

Today’s National Day   

dont-cry-over-spilled-milk-day-fun.jpg

NATIONAL DON’T CRY OVER SPILLED MILK DAY!  

PUBLISHERS NOTICE

FINALLY REVEALING IAN’S
“INCOME FORLIFE”
SECRET!

 Hello.          

Are you worried you’re going ot have to “work until you drop”

      Are you tired of working all day, every day to make someone else rich when it’s YOU who should be the one becoming wealthy? 

     Ian once shared that grief, but now he never has to worry about money again…

    Here’s a PROVEN way to make enough money to retire on as soon as you want, never work again and enjoy a fabulous income for life.

     And it’s not like you even have to quit your job if you don’t want. You can keep 
your regular paycheque coming in if you’d like while you follow the specific steps of this blueprint in your spare time. 

     Let us show you everything about this when you click the link below:

   www.streetwisenews.com/wizard

Best Wishes  

john sig.png

John Harrison 

The Bicycle Library

Imagine you want to buy a new bicycle. There are hundreds of models to choose from, each with very different characteristics. Choose the wrong one and you can end up making an expensive mistake. That’s the scenario behind the launch of the London Bicycle Library.

The library is based on a double decker bus. The bus contains information and resource materials where visitors can research their choice, and also a wide selection of bicycles which they can try out, and even take home for a few days. If it’s a marriage made in heaven, they can order their own bike, direct from the manufacturers via the library.

One of the greatest fears – and one of the greatest barriers to making a sale – in any market, is the fear of making a mistake. Anything which allows the customers to try-before-they-buy will ultimately be rewarded with increased sales. So is there some way you could adapt or apply this concept to your business?

Motivational Quote Of The Day

“Be yourself; everyone else  is already taken.”                                         

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Oscar Wilde

Alternative Quote Of The Day

“One night she told me to put out the garbage. I told her “you cooked it, you take it out”. 

rodney
dangerfield.jpg

Rodney Dagerfield 

Grooming Is Booming

Speaking as someone whose personal grooming routine consists of a shower and a shave, this isn’t something I can empathise with, but the market for men’s grooming tools and products is booming. A recent report found double digit growth in some segments of the market.

Of all the advantages you can have when starting a new business, one of the most critical is a ‘following wind’. Yes, you can succeed in a mature market or even one that’s declining, but you’ll make it so much easier for yourself if you start out with the advantage of rapid growth of the market as a whole.

If you’re looking to go into a business with ‘real products’ you could do far worse than do some research into the market for men’s cosmetics. Research suggests that the market is set to continue to grow for some time yet. It might even get to me one day!

Today’s National Day   

work-naked-day.jpg

NATIONAL WORK NAKED DAY!  

PUBLISHERS NOTICE

FINALLY REVEALING IAN’S
“INCOME FOR LIFE”
SECRET!

 Hello.          

Are you worried you’re going ot have to “work until you drop”

      Are you tired of working all day, every day to make someone else rich when it’s 
YOU who should be the one becoming wealthy? 

     Ian once shared that grief, but now he never has to worry about money again…

      Here’s a PROVEN way to make enough money to retire on as soon as you
  want, never work again and enjoy a fabulous income for life. 

     And it’s not like you even have to quit your job if you don’t want. You can keep 
your regular paycheque coming in if you’d like while you follow the specific steps of this blueprint in your spare time. 

     Let us show you everything about this when you click the link below:

www.streetwisenews.com/wizard

Best Wishes  

john sig.png

John Harrison 

Property Photographer

As you probably know, I have a property business and so spend a fair amount of time looking at property ad’s. Here’s something I’ve found. On the whole, the photography is appalling. It’s really quite amazing that an agent can be selling a property valued at hundreds of thousands of pounds, and yet they think it acceptable to present it via a few blurry iphone photographs, with no attempt to tidy up or find the best angles.

I’m not the world’s best photographer but always seem to be able to take attractive photographs of the properties we have for rent. It really isn’t hard, but you wouldn’t know it judged by the ‘it’ll do’ approach of many agents. There has to be an opening for someone to offer a photographic service to agents. You wouldn’t need expensive equipment – just a decent camera with a wide angle lens and some basic software to clean up your images.

If I was starting this business I’d contact a few agents and offer to re-photograph some of the properties they already had on their books, for free. From there, it should be fairly easy to sell them on the benefits of having better quality photo’s of what is the biggest purchase which most people will ever make.

Sale Or Return Business

Difficult economic times don’t just create problems, they generate opportunities too. One of those opportunities arises from the fact that suppliers are likely to be far more flexible in their approach – and far more open to ‘sale or return’ deals when times are tough.

If you can negotiate ‘sale or return’ deal with a wholesaler or other supplier, you start out with a huge advantage. You have no capital tied up in stock and no dead stock that you need to discount to dispose of. Anything you don’t sell simply goes back to the supplier.

One idea I saw recently was The Sale Or Return Mobile Unit. This is a mobile retail unit (or van to you and me!) which is stocked up with goods provided on a sale or return basis. There are two huge additional advantages to this approach – firstly there is no rent or rates to pay, and secondly the unit can be moved from location to location and stocked with merchandise to fit.

So one day it might be parked outside a football ground selling scarves, hats and football related items. The next day it could be parked near a busy retail area selling discounted clothes. The day after that, it could be packed motoring related products for a car show.

Get the idea? The key points are that everything is flexible, everything is sale or return and you can try out lots of different things without a great deal of cost or commitment.

Motivational Quote Of The Day

“Our biggest regrets are not for the things we have done but the things we haven’t done.”                                                

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Chad Michael Murray

Alternative Quote Of The Day

“I want my time to be taken up by chores, errands, appointments, and arguments. In other words, I want to get married.”   

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Jarod Kintz 

Today’s National Day   

kindness day.jpg

NATIONAL RANDOM ACT OF KINDNESS DAY!  

PUBLISHERS NOTICE

This Will Make You Money, Guaranteed 

Hello,

I know, I know – It’s very big claim in that subject line.

But this really is one of the few extra income ideas where I genuinely believe you can use the word ‘Guaranteed’!

Look, I don’t want to beat about the bush with this.

I’ve had many years experience with these types of systems and this is one I can strongly recommend. 

Take a look today: 

www.streetwisenews.com/variant6 

Best Wishes  

john sig.png

John Harrison 

Selling The Unsavoury

Not every product is attractive in either appearance or function. Many fall into the yucky-but-necessary category. So how do you go about selling them? The makers of Naposure, a saline product designed to wash out a mucus laden nose, (apologies if you’re eating!) faced just this problem.

Their solution was to soften the whole thing by using attractive children in the advertisements, demonstrating the product. The cute and funny videos they made seemed to do the trick of making an unglamorous product visually attractive to the target market.

It’s a trick that toilet paper manufacturers have used for decades of course. What Labrador puppies have to do with the quality and effectiveness of Andrex is anyone’s guess, but they serve the function of making the product attractive, while very subtly conveying the benefits.

Perhaps if your product lacks a little glamour, you could think about making it more attractive and appealing by associating it in customer’s minds with something more acceptable. Something o give some thought to.

As an aside, I just discovered that toilet paper was first marketed in the United States just 150 years ago, and up until that point in time, everyone made ‘alternative arrangements’. Just give some thought to that the next time you’re bemoaning the fact that some modern day luxury you’ve become accustomed to isn’t working quite the way it should!

Motivational Quote Of The Day

“Count your age by friends, not years. Count your life by smiles, not tears.”                                             

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John Lennon

Alternative Quote Of The Day

“If at first you don’t succeed, try, try again. Then quit. No use being a damn fool about it.”  

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W.C Fields 

What’s New?

Almost every would-be entrepreneur I speak to is looking for something ‘new’…a product or service nobody has thought of before. But what exactly is ‘new’, and is this a realistic ambition?

In the early part of the twentieth century, long before the internet, The Boston Globe had an instant real time news feed product, backed by advertising. Breaking news was chalked up on huge boards and placed in the newsroom window which backed onto the street.

The news was usually conveyed by a headline (140 characters or less!) and behind it were paid advertisements. In addition telegraphed communications of boxing matches or football matches was shouted out by employees using loud hailers, round by round or play to an eager audience. Early multimedia in action!

Okay, it’s not quite Twitter, but the point I’m making is that the demand for news of events as they happened was always there, and there was a product to fill the demand. What’s available on the internet today is just a modern day manifestation of a product meeting the same demand.

Rather than looking for something completely new and unique, a more fruitful route to a lucrative business opportunity might be to look at what was popular in the past, and then how it can be given a modern twist. Technology changes, but underlying inbuilt human needs wants and desires do not.

Today’s National Day   

junk food.png

NATIONAL JUNK FOOD DAY!  

PUBLISHERS NOTICE

This Will Make You Money, Guaranteed 

Hello,

I know, I know – It’s very big claim in that subject line.

But this really is one of the few extra income ideas where I genuinely believe you can use the word ‘Guaranteed’!

Look, I don’t want to beat about the bush with this.

I’ve had many years experience with these types of systems and this is one I can strongly recommend. 

Take a look today: 

www.streetwisenews.com/variant6 

Best Wishes  

john sig.png

John Harrison