Effective Marketing Strategies in Product Creation

Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.

If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.

Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.

For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.

No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.

There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.

Real Estate Law – What You Must Know

Real estate or Property law is one of the safest investments and people use it as an investment avenue. It’s not meant for attorneys and estate agents only. Every property investor should understand the basics of real estate law.

A good short note on the law can be of great importance to investors. Investors need to understand it relating to legal procedure that will help in a smooth transfer of title of the property they are acquiring or selling, and other relevant documents and procedures. Investors need to understand the financial implication in acquiring property and the guiding law.

Classification of properties and how basic property laws apply to investors should be the Interest of the investor. The law has different applications to commercial and residential properties and investors/sellers should understand this. The tax laws relating to property are some of the thing that would be of interest to investors. Investors should study taxes on properties; how loans are treated in relation to property law.

Tenancy aspect of the property law should be well understood by landlord/lady who wishes to rent out their property. Investors should not put all their energy on studying the law alone and leaving the investment aspect of it. The law should be left for the expert in this area such as property lawyers and property brokers.

Understanding the various legal terms referred to in property laws can also help you in not only enhancing your understanding of real estate but also help in making your conversations with property attorneys/agents really fruitful. The laws are different from state to state across the country but the basic laws are same especially property tax. Property tax also changes over time but any major changes will be published in the newspapers and any other print media. The law is what any investors must know as a guide to real estate investment

Olusegun Kayode is a Lagos Based Real-Estate Consultant and a Freelance Writer

Starting A Home Based Business – 3 Tricks For Faster Success

Are you ready to start making some extra money on the side, or even to start earning a nice full-time income all from the comfort of your own home? If you said yes, then you are not alone, as more and more people are turning to their computers to start earning a living from home. Even though it is simple to get started, it is not easy to succeed. There are some very confusing messages out there of what you should actually do in order to achieve success when working from home, and most of it is incorrect. If you want to achieve success in your home-based business, you absolutely have to get advice from someone who has been there and done it already.With that said, let’s take a look at what my top 3 tricks are for achieving success in your own home based business:Trick #1 – Sell electronic productsIt is so easy to sell information products online (ebooks, MP3′s, etc), and if you have anything you can share with others, then you have what it takes to make it in the information product business. Millions of people are searching for solutions to their problems online every single day, so if you were to create some simple products then you can sell them online and keep 100% of the profits. On top of the ease of selling these products, there is no need to store them in your home, and the cost to send them to your customers is free, since they are sent electronically.Trick #2 – Treat your home-based business like a real businessMany people make the mistake of assuming that a home-based business is somehow easier to run and make profitable then a brick-and-mortar business, but if anything it is actually harder. You are essentially creating something out of nothing, so if you want to be successful, you should be prepared to work long hours for quite some time in order to become established, build your reputation, and become profitable. One of the great things about a home-based business in today’s world is that you can become profitable almost immediately since there is very little overhead involved in your start-up.Trick #3 – Don’t be afraid to failOne of the most common causes of failure in starting your own business is the fear of making mistakes and failing. If you want to make it in business, you have to have the guts to go outside of your comfort zone and just go for it. Don’t be afraid to seek the counsel of someone who has successfully started their own home-based business already, as these people can help you to significantly cut the learning curve and therefore become successful much, much faster than if you tried to figure it all out on your own.