Proper business valuation can be difficult for the buyer of an independent business. A business that is being sold as a turnkey business normally includes tangibles such as inventory and equipment through intangibles such as a previously established reputation and goodwill. Tangible assets are normally simple to value but intangibles can very difficult.
Due is a free tool for marketers that offers a time-tracking app to assess how much time is spent on each marketing project. This helps your organization budget time appropriately and increase productivity. Along with the time tracking tool’s capability to help you calculate billing time, it also offers an invoicing and payments platform, which is an ideal way for freelance marketing talent to bill clients for their work.
The seller should provide you with a business plan and information about its target market, products and competitors, but you still need to plan your operations and do some research on your own. For example, if the company already has an established customer base, you may want to expand or narrow down its reach; either way, conducting market and industry research is a must.
Know the legal requirements. Most visitors will probably understand that advertisements lead to your personal compensation, but if you write a review or use an in-text link as a recommendation, you must explicitly state that each purchase using that link can generate revenue for you. This isn't just good business: it's also required by law. If you don't disclose affiliate or revenue-generating links, you could face legal and financial penalties.
A more complex system, pay per lead affiliate programs compensates the affiliate based on the conversion of leads. The affiliate must persuade the consumer to visit the merchant’s website and complete the desired action — whether it’s filling out a contact form, signing up for a trial of a product, subscribing to a newsletter, or downloading software or files.
Depending on your business, you might need the ability to sell physical products or services. You can have all the best marketing tools in the world, but if your online store lets you down, you’ll seriously damage you bottom line. Ecommerce platforms aren’t always the easiest to maneuver, but our list will help you get your store up and running in no time.
Product Hunt, a tool meant for finding the latest tools and products, is a must for any marketer trying to stay on top of the industry and find new channels to promote their own product launches. Product Hunt is a daily feed of launched tools, letting people upvote what they think is interesting. Pro tip: when you sign up for Product Hunt, set it as your homescreen in your browser so you'll always have a reminder to keep an eye out for what's new. Who knows? You might even decide to use some of the featured tools yourself!
Often used in franchising, a firm's high-level management plans and executes all business strategies to ensure that individuals can buy a franchise or business and start operating immediately. Most franchises are built within a specific pre-existing framework, with predetermined supply lines for the goods required to begin operations. Franchises may not have to participate in advertising decisions, as those may be governed by a larger corporate body.
Developing and monetizing microsites can also garner a serious amount of sales. These sites are advertised within a partner site or on the sponsored listings of a search engine. They are distinct and separate from the organization’s main site. By offering more focused, relevant content to a specific audience, microsites lead to increased conversions due to their simple and straightforward call to action.
Wistia is a powerful video hosting platform that allows you to host your videos on your website -- ad free -- with a guaranteed smooth playback and responsive player. Wistia also helps you prove the ROI of your video efforts by offering you video analytics and key metrics to fine-tune your video marketing efforts over time. Ready to take your video marketing to the next level?