When you work in sales, you can spend a lot of time trying to figure out the best ways to make more money. There are plenty of options available to help you maximize profits, but these few below are a great place to start.
Charge More for Services
This may seem obvious, but if you are looking to make more money from your sales, you may need to raise your prices. You may be hesitant to raise prices, but if you are undercharging for your services, you aren’t doing yourself any favors.
When evaluating prices for your services there are many things you should keep in mind. Consider the costs you incur to make the service happen and the time you invest in each service. If you spend some of your time working on marketing, you may want to adjust your hourly rates so you are paid the rate you deserve for the whole week of work.
Avoid Time Wasters
Any time you spend on the job should be spent making your business run more smoothly, marketing, and providing services. Any wasted time ends up costing you money in the long run, and by removing time wasters, you can significantly increase what you are being paid for the time you are spending at work.
Some marketing techniques are a waste of time, even those that have seemed useful in the past. Cold calling is a common method but often requires a lot of time with little reward. Social media is super effective, but running several social media accounts can be a time suck, it is much better to choose a single social media platform to start with.
Market on Social Market
Social media can be a great low-cost way to increase your sales and increase customer engagement. By making videos with good content, you can bring more attention to your brand and encourage people to use your service or products. If you have a good following online, or even when you’re just starting out, encourage followers to like, share, and follow your page as part of a giveaway. You can also pay for social media ads which can be another fairly inexpensive way to increase your sales.
Making money when you work in sales can be a big task, but by taking action and avoiding wasting time, you can maximize your profits and minimize the extra time you have to spend on it.
The challenge of entering the corporate world presents unique challenges for women. Here are three areas of concern for females going into the world of work - whether in their 20's or 50's - and expert advice on how to not just survive, but thrive in today's environment.
Women face unique challenges in the workplace that can hold them back from reaching their full potential. Whether you're in your 20s and just starting out or have finished your degree and are preparing to re-enter the workforce, here are some excellent career tips that are all about empowering you in your professional journey.
Know Your Value
Unfortunately, companies are often invested in their own well-being. They consider employees expendable and have high, fixed expectations that cause employees to question their own competence and self-worth whenever they fall short. Do not play down your talents or abilities in an interview or around co-workers. Although it is intimidating, speak up for yourself when others try to speak for you or tell you what to do. Bullying comes from bosses, too, and far too many supervisors abuse their authority and use it as a way to degrade employees, especially females.
Research the positions you're applying to extensively. Learn about the average salary, and make sure you're being offered what your skills are worth. Do not undervalue the potential of your own contribution to a company, and don't speak passively about your achievements. Even if you are entering the workplace with limited experience, speak strongly about your passion, abilities and greatest strengths.
Safety can be a challenge for women in the workplace. Understand that workplace bullying and sexual harassment is never your fault, but you are not forced to just deal with it. Addressing the last point, by knowing your own value, you can set clear boundaries and know how to respond when they've been crossed, or you've been violated. Workplace harassment, especially of sexual nature, is not always as obvious as you expect. Know what kinds of attention cross the line. Inappropriate comments, off-handed remarks, and flirtatious messages passed off as "jokes" are unacceptable. Avoid going in storage closets, parking garages, or stairwells alone, especially after-hours. Workplace safety for women is a major topic of discussion in every industry, and it improves only when women take stands against unwanted behaviors.
Many women either have either a passive or aggressive communication style. The former is rooted heavily in frequent apologies, unspoken feelings and not knowing how to say no to something you don't want to do. Aggressive communicators are defensive and always on-guard, prone to conflict and believe they have to "strike first" and stand their ground to avoid being taken advantage of. You do not have to be "nice" to everyone. Being courteous and respectful is important, but your need to be kind to others shouldn't enable them to be unkind to you. Take ownership of your feelings by using "I" statements. Say "thank you" instead of "sorry," and make eye contact when you're talking to or listening to others.
Getting started in your career can be challenging, but there are tools like the ones above that can help you to succeed. You are a valuable asset to companies out there—you just need to be able to help employers see it. Embrace the opportunities you'll have to learn and grow, and don't let anyone take your power and you’ll be able to better succeed as you enter the workforce.
A positive and healthy work culture leads to productive and happy employees. Savvy business leaders understand the importance of providing a nurturing and thriving business culture for their workers. There are a variety of ways in which you can cultivate a healthy work culture at your organization. Here are three of the top ways that you can achieve this goal:
Effective communication is the cornerstone of positive company culture. Employees feel valued and appreciated if they are informed. Transparency at all levels of the organization will provide for a better understanding among all employees. Having visible and accessible management staff will help to provide this transparency. Communication is most effective when it is spread out through various mediums, including in-person meetings and town halls, online communication, and direct peer-to-peer discussions. Using a variety of communication vehicles will ensure that the message is heard loud and clear.
Healthy Culture Through Health
A healthy work culture can be cultivated through a commitment to good physical health. Group fitness activities promote healthy behavior and support positive relationships within the company. Instituting a wellness challenge program not only gets your employees up and moving but it also encourages social interaction through friendly competition. There are a few different kinds of wellness challenges, so you can find one that fits your workplace. Showing a commitment to the physical and emotional health of your employees will promote employee satisfaction and help you to retain your top talent as you grow your business.
Regardless of their age or responsibility level, employees of all skill levels value praise for their hard work. Making praise a key component of your company culture will increase overall employee satisfaction. Business leaders should make it a goal to compliment at least one employee each day. Recognizing small accomplishments will go a long way in cultivating a sense of gratitude in the workplace. Employees who feel noticed and valued are more motivated and empowered to work even harder. It is no secret that employees who feel valued are more productive, contributing positively to the overall bottom line of the organization.
Making the effort to cultivate a healthy company culture will pay off big dividends for the future of your business. Happy employees are team players and productive workers who are committed to making their organization the best that it can be.
Here’s another article we think you’ll enjoy: A Culture of Care Helps Health Care Professionals Thrive
The business world sometimes appears full of automatons. Working like a robot has the benefits of keeping an employee away from controversy, but the approach won't help someone wishing to get ahead. Standing out positively often leads people to success. How can you stand out under the bright light of excellence? Here are three ways traits that will help you to do just that.
Innovators and originators can achieve more than copycats. Small Business Trends explains that a business professional who brings something new and exciting to the table could create a trend that reaps incredible profits. Look at Tony Hawk, the skateboarding entrepreneur. Skateboarding remained a popular subculture for decades and spawned many cottage industries. Hawk, however, took things in a new direction and devised a billion-dollar skateboarding empire.
That said, originators will always deal with detractors. Great new ideas regularly face rejection. Radical and revolutionary ideas upset people stuck in a comfort zone. If you believe in your plans, don't let naysayers discourage you. Be flexible enough to withstand constructive criticism, and keep going forward to promote your ideas.
Sadly, integrity isn't always the most common trait among people in the business world. So, someone with integrity garners attention. Honest workers and managers are an asset to a company and the entire business world.
The idea of the corporate whistleblower typifies integrity. Meissner Associates says that finding out that the business you work for is engaging in fraudulent activity can put you in a tough position to decide if you should expose their wrongdoing, or do you remain silent. People with integrity usually make the right decision regarding whistleblowing. Let the image of the whistleblower be your guide.
The stereotype of business professionals focusing only on making money and selfish pursuits isn't always accurate. Unfortunately, many professionals do become self-absorbed and greedy. Would Bill Gates fall under that description? Microsoft's leader spent countless hours raising and donating money for charitable causes. While the average worker can't match Gates' monetary contributions, they can match his passion and attitude. Even doing "little things" for others could paint a tremendously positive picture of you.
The London Business School recommends that you allow your standing in the business community act as a way of doing good things. Explore philanthropical endeavors, and don't always focus on personal gain. Others will notice your selflessness. Ironically, you may experience career success by putting others' needs ahead of your own.
Success in the business world requires that you appear unique. Embracing endearing traits helps with this goal. Each individual has a set of personality strengths. Play to your strengths, and create the best quality work you can produce. Standing out requires more than fits and spurts of effort; apply yourself consistently in the workplace, and you will see good results.
Want to learn more ways to make your business stand out and thrive? Check out more content like this from our Video Ideas for a Better Business Life!
Toxic employees drag everyone down with them. Bad attitudes and inappropriate conduct make other employees feel uncomfortable. Managers find themselves constantly distracted dealing with disasters these troubling hires cause. Firing them may put an end to current miseries, but the effects of toxic employees can linger long after they are shown the door. The best way to deal with toxic employees is not to hire them in the first place. Here are three ways to avoid making a regrettable hiring decision.
Look at Employment History
Horrible employees likely have a long and dubious track record of poor performance. Look closely at an applicant's prior employment history for any red flags. Was the person locked into low-level work for years without any promotions? Did he/she jump from job to job frequently? According to Palmer Group, this can show that an employee could have a behavior issue. Probe these areas of concern, and see what the full story is. Taking the employee's word for everything might not be enough, though. Contact references and past employers to confirm any explanations. Remember, the past may be a good indicator of the employee's future.
Put Them Through an Attitude Test
Not every human resource department relies on an attitude test when screening would-be employees, but their inclusion could be helpful. According to The Hire Talent, attitude tests look for signs of toxic traits like blame, dishonesty, unsupportiveness, criticism, and negativity. Once these traits reveal themselves, a personnel manager can make a more informed decision. Hire someone to train HR in effectively administering an attitude test if no current managers possess the skill. In an office environment, teamwork can be crucial for success. If an attitude test reveals someone is argumentative or hostile, then he/she may not be the right match for the team. Look over the results of the test carefully when weighing different hiring choices. Anyone with toxic traits is not likely a good fit.
Screen Social Media Feeds
According to Law Depot, approximately 70 percent of employers screen a candidate’s social media when making hiring decisions. People reveal a lot about themselves on social media. Sadly, many show shockingly negative personality traits. Inappropriate or adversarial behavior on social media may spread to the workplace. Don't ignore how someone acts online; he or she probably acts that way everywhere. An employee becomes the face of a company to others. When that person acts outrageously on social media, he or she may drag the company into an embarrassing position. A business might even need to hire a PR firm to dig it out of an employee's social-media-created hole.
Toxic employees create havoc wherever they go. Make sure you are confident you aren't hiring one the next time a position opens. By following these tips, you can be less likely to hire an employee that will cause you problems.
Enjoy this article? Check out this other article on ways to increase your employees’ attention to detail!
Equality in the workplace benefits everyone, and employers should take the time to learn more ways that they can create a more just workplace.
Creating a just workplace should be a top priority of all business owners. Fair workplaces are one of the cornerstones of strong businesses, and civil rights movements have affected workplaces in many ways, providing better opportunities and better workplaces for everyone. Several civil rights movements have made substantial changes possible, and here's a brief rundown of three of the biggest ones.
Mental Health Awareness and Support
The Americans With Disabilities Act requires that employers provide equality for people with disabilities in the workplace. This includes people with psychiatric conditions. Under this law, employers can't deny hiring, demote, or deny training opportunities to someone based on their psychiatric condition.
Employers have also come up with programs to ensure employees with mental health conditions have access to the care that they need, including doctor's visits through insurance providers and accommodations for people with psychiatric conditions.
Equality in the workplace covers many groups. Under Title VI of the Civil Rights Act of 1964, employers aren't allowed to discriminate based on race, color, national origin, sex, and religion. With this law, employers must give equal opportunity for employment, and they can't discriminate against someone based on these criteria for pay and advancement. This civil rights attorney explains that many states have several additional civil rights statutes which can be utilized in cases involving discrimination, harassment or violence and which allow for penalties, attorneys’ fees, compensation, and change.
The Age Discrimination in Employment Act of 1967 requires employers to not discriminate against people based on age. This means that people cannot be discriminated during hiring, promotion, discharge, compensation, or terms. Creating a workforce of diverse ages also provides more stability for companies.
This career and job specialist explains that people of different ages have varying perspectives that they can use to inform each other. For instance, a 65-year-old woman might understand the utility of a particular product, but a 25-year-old worker might understand a younger consumer better. Businesses that have a wider range of ages also don't need to worry as much that all of their employees will retire within a few years of each other or all younger employees will be vying for a limited number of promotions.
Equality in the workplace benefits everyone, and employers should take the time to learn more ways that they can create a more just workplace. Businesses that merely work to be in compliance with the law rather than truly promoting an equitable work environment are losing out on opportunities to create a stronger business.
Here are a couple articles we think you’ll like:
Women are starting businesses at a record pace — motivated to pursue passions, financial independence and the flexibility that eludes most traditional jobs.
(BPT) - Women are starting businesses at a record pace — motivated to pursue passions, financial independence and the flexibility that eludes most traditional jobs.
In the U.S. alone, women entrepreneurs generate $1.1 million in revenue on average across retail, professional and personal service businesses that have operated for 11 years. This stat comes from Visa’s new ‘State of Female Entrepreneurship’ report, which informed their recently announced program, She’s Next, Empowered by Visa, a global initiative to support and champion women in their efforts to grow their small businesses.
That’s powerful stuff, highlighting the important role women entrepreneurs play in the prosperity and economic development of local communities. The typical entrepreneur is 42 years old and earns nearly $110,000 in household income a year, making a profound difference in building and supporting families in the community.
Clearly, female founders are coming into their own. In fact, the Visa study found that 79 percent of American women entrepreneurs feel more empowered now than they did five years ago.
Still, key challenges exist: 73 percent say funding does not come easily, and nearly 2/3 use their own funds to get started. Assembling a good team, finding the right tools and dealing with competitors are among the biggest challenges keeping women entrepreneurs up at night.
For any entrepreneur, it can feel like there’s never enough time or resources to grow a business. To help other entrepreneurs and based on insights from the ’State of Female Entrepreneurship’ report, Visa polled four areas women entrepreneurs focus on to turbocharge success:
Find mentors: More than two-thirds said they wanted advice from fellow entrepreneurs. Relatable role models and mentors are invaluable when you’re making the leap to starting or building your own business.
Find your feet: Strategy development is critical for women starting up their own company. Assembling a good team was a challenge encountered by 37 percent of women founders. Other challenges include: finding the tools to grow and manage their business (36 percent), competition (36 percent) and growing as quickly as they need to (33 percent). Have a plan and pursue your vision.
Gather capital to invest in your business: Cash flow is the lifeblood of any business. Respondents cited profits and revenue growth as the top two priorities for improvement. Thirty-two percent of women would direct additional funding toward newer technology.
Put in overtime: When building a business, time is precious. Given the investment and high stakes that come with the territory, it comes as little surprise that a majority of women entrepreneurs (56 percent) are putting in more work hours than before they started their business.
If you’ve joined the ranks of female entrepreneurs, find support and resources by signing up for the Female Founder Collective, and visit She’s Next, Empowered by Visa where you can download and print a toolkit with tips and advice to help build and sustain your company.
These are the Final Two Videos for Management 464… These are for the final two Mondays (11/19 and 11/26). Now, you've reached the end of the semester! Congrats! And again, if you like and personally find value in these videos, do please share them further.
Video 65 - 11/19
4 SMART NETWORKING HABITS YOU NEED TO START
Short Link: http://bit.ly/2GbyRbi
Video 66 - 11/26
Topic: Your Future
Oh, the Places You'll Go
Short Link: http://bit.ly/2hrudKc
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