Author Archives: helki11

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Join a Small Business Association

Business networking

Business networking can be a valuable tool in your business survival and success. One of the most cost effective ways to build strong relationships with your customers, suppliers and other industry stakeholders is to join the right type of association.

Join associations that your customers, or potential customers, belong to; as well as other industry and business stakeholders (such as suppliers, competitors, your community). Also look at associations where the end customers participate if your customers sell to others. Typically the cost of joining an industry association is not that high; and is, in fact, relatively inexpensive when you consider that you will be able to directly reach customers (and often reach them in a way that is more effective and meaningful in building relationships).

Once you’ve joined, you need to attend association meetings and participate in association events. To be even more effective: join the association board or an association committee.

In addition, you will gain valuable contacts and have better access to business resources for your industry. The benefits to members of joining associations include:

Excellent ability to connect with customers and other stakeholders in your industry;
Association membership will also provide you opportunities for contact with potential customers and with suppliers (who may provide you with referrals to prospective customers).

Industry educational programs:

Access to hard-to-find industry research and statistics (these often include invaluable benchmark studies and business performance metrics).

Industry conferences:

Group discounts on business services (such as cell phone programs, merchant discount programs, gas discounts, courier programs, and more).

Supporting the industry association to act officially or unofficially as lobbyists for the industry they represent to all levels of government.

Some industry associations have certification programs for individuals (such as the certified sales professional program) and for companies (such as programs that certify companies that have achieved a certain professional and/or business level).

And, often membership in an association will give you access to the membership list (your new contacts list) once you become a member.

Other business associations to consider are your local Chamber of Commerce, your Board of Trade, the Small Office Home Office (SoHo) organization and whatever else is available in your area. These business associations provide you with a broader business network and business community; you need to assess whether or not you can build a partnership or alliance with other business owners for concentrated effort and success (for example, a local business improvement initiative could be undertaken with a group you meet through one of the business associations you belong to).

Of those business owners that join associations, many owners will attend association meetings or events, listen to the speaker, and depart as soon as humanly possible. While they will hopefully have learned something from the speaker, they will not have benefited in the most important way – building their own personal business network or business community. When you build a strong personal business network; your business will benefit from it.

In addition to industry and trade associations, you need to consider special interest group associations (such as women in leadership; professional groups – such as certified general accountant, sales executives etc.). Those associations might not include your customers, but they certainly will include competitors (who you need to learn about and understand). Consider interest group associations as your own small business advisory; ask for help, for information, for access to resources.

Joining an industry or small business association is a highly effective small business strategy and needs to be on your list of top marketing tactics. Once you’ve joined, you need to attend association meetings and participate in association events. To be even more effective: join the association board or an association committee. In addition to industry and trade associations, you need to consider special interest group associations (such as women in leadership; professional groups – such as certified general accountant, sales executives etc.). Of those business owners that join associations, many owners will attend association meetings or events, listen to the speaker, and depart as soon as humanly possible.

If you don’t join your industry or small business association, you can be sure that one, or many, of your competitors will. Do you really want your competitors to have access to your customers and to be able to build a strong relationship through association participation?


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Profitable real estate investments

Profitable real estate investments

One of the most profitable real estate investments you can make is the purchase of multi-family homes or apartment buildings. Whether you choose to live in one unit and rent the rest out, our you choose to rent out all of the units both multi-family homes and apartment buildings can increase your passive monthly income, as well as your net worth, exponentially.

Why Choose Multi-Family Homes or Apartment Buildings?

Both multi-family homes and apartment buildings offer you, the real estate investor, the unique opportunity to own property which is generally at a lower risk to you than a single family home. Additionally, both offer you the ability for obtaining monthly passive income as well as appreciation in equity in the building itself. There is generally a strong demand for multi-family homes and apartment buildings by seasoned real estate investors.

How to Choose the Right Property?

Choosing the right property to invest in is a matter of evaluating the value of the property you are considering and the incomes it generates. You would be well advised to do your due diligence on the property and review its income potential and possible yearly expenses.

How Much of a Down Payment is Required?

Generally the purchase of a multi-family home or apartment building will require up to 30% down versus the lower down payment requirements that come with purchasing a single family home.

How Do I Qualify for a Mortgage for the Balance of the Purchase Price?

Generally, to qualify for a mortgage loan for the balance of the purchase price you will be asked to offer a personal guarantee for the loan. This can many times be interest in another property or in your own personal residence.

Managing your Property

Isn’t it time you learned how to capitalize on one of the best markets for real estate investing that this country has ever seen? With the recent flood of foreclosures now is the time to learn to invest correctly in real estate from the hosts of the nation’s leading show on real estate investing.

Both multi-family homes and apartment buildings offer you, the real estate investor, the unique opportunity to own property which is generally at a lower risk to you than a single family home. Additionally, both offer you the ability for obtaining monthly passive income as well as appreciation in equity in the building itself. There is generally a strong demand for multi-family homes and apartment buildings by seasoned real estate investors.

Once you have purchased your multi-family home or apartment building you would be well advised to hire a property management company to deal with all of the various tenant issues which will likely arise. This will free up your time for your real estate investment business and not have to deal with the day to day issues of the residents of your building.


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