Posts Tagged ‘how to make quick money’
Marketing Your Business to Increase Sales
May 26, 2010 | 
Author As you are aware sales are the lifeblood of any business. Without sales you do not have any money to support your business for yourself. This is especially true in the donut business or any food related business for that matter. It is very important to have a good marketing plan and plan of action for how you will market your donut business.
We plan on focusing on one venue at first then branching out to other areas to market to. This way we can focus our attention on what works for the particular market we're working with. What works in one market will not necessarily work in another. We have learned that from our online ventures over the past several years. Hopefully we can secure a spot at one of the local recreation areas/mall in our area. It is an outdoor mall concept that is very popular in many of the bigger cities. I believe the outdoor mall concept is the wave of the future, as I've mentioned several weeks ago. I actually like the outdoor mall better than the enclosed mall it just seems much less depressing. I was in our local mall today and I am just surprised that is still open. A lot of the malls similar to this one are closed in medium-sized cities. I walked around and just feel depressed, there's no light coming in and looks dated it is just overall not appealing to me. I believe outdoor mall concept is dying quicker than most people believe. There is a spot open in the mall that would be interesting to put one of our doughnuts shops in, and I would not even begin to imagine how much that would cost. If we were going to do something like this it would be in the center aisle of the mall where there is the most traffic. But like I've mentioned before, I just do not believe this is a good idea. We are going to stay away from malls. The place we are talking about putting in downtown Huntington is basically a concession cart. If the rent is not too high that we may be able to pull it off.
If this does not work we are thinking about marketing to churches. We are going to get a database of churches and send a mailing telling them that we will set up shop in their church and sell our doughnuts. We can split the profits equally and still be ahead. I think there is a lot of money and selling doughnuts to churches, especially at their social events. I am very eager to market to this group of people. I think it will be very interesting, to see what happens. In the end marketing is a very important part of your business plan. Be sure you have a good marketing plan as well as a business plan before you start in your ventures.
Making Easy Money
So you interested in making easy money, who isn't? As you know there are four of us in this little doughnut venture that we have been doing or thinking about for almost a year now. It was conceived in Rehoboth Beach, after discussing some projects we wanted to get into in the future. The four of us have two or three meetings every year discussing the details of what we are doing. We look to find new projects, assess what we have done in the past and looke for what we're going to do in the future. Each of us come from a different background, and each of us bring something unique to the table, which makes it a very nice business marriage.
Like anything in business,the donut business is not a get rich quick scheme. Like everything else in life, it takes work and dedication. As those who manage their time and learn from their mistakes that will be successful. You've heard the old adage when you first learned to ride a bicycle, when you fall, you get up and try again until you learn how to do it correctly. This is what happens in business. Myself, I've had a lot of failures. I have made many many mistakes. I try to learn from my mistakes and I never give up. There is nothing better than the school of hard knocks.
There's a lot to do from the inception of your idea to the point when you are making money. Many of you are tired of your jobs, afraid of what is around the corner And overall just burnouts on everything. The best advice I can give you before you start to make the so-called easy money is try to get your debts paid off, the bad debt. This is something that will never go away and will hunt you the rest of your life. Did you knows that bill collectors can come after you Pretty much the rest of your life, as long as it has not been paid? The debt just gets sold over and over and over and over and over. It may have been erased from your credit score, and I'm not telling you to pay it, but it still can haunt you. Please do not go into debt, especially on frivolous things that you do not need. Using debt wisely, such as to finance a fledgling business, can be a wise thing if done correctly. It is not wise however, to use debt to finance things such as vacations, clothes, cars etc. Of course the donut businesses is not the only way to make the so-called easy money, There are more ideas than I can even put in this one blog post. Bottom line is keep your mind open and stay out of debt. That can be a good thing, but as I previously said, do not use it to finance things you do not need. Saved debt to finance business ideas where you have a solid business plan and a way to get out of the business of necessary.
Should You Start a Donut Business in a Slow Economy Part One
As you drive home from your current job do you ever wonder what it would be like if you would not have to do that anymore? You may think that you are lucky to even have a job when so many people do not have one. After all, these are bad times and having a job is a good thing and knowing you have a paycheck coming in is definitely a plus. You may even have the chance to move up in your company and make more money.
You may have often thought about starting your own business and all of the perks that come along with it. You could take advantage of the tax to deductions, Be your own boss, and all of the other things that you always hear about working from home or having your own business. It is true, when you work for yourself you do not give Uncle Sam an interest-free loan while you earn money, you pay the tax man after you have already earned it and take out your deductions. The doughnut business could afford you a lot of deductions and peace of mind knowing that doughnuts will always be in demand and people love them. But you question the timing of starting your own business. You have reason to be afraid, change is always a hard thing to do.
You have all of these things going through your head, But how could you live with yourself if your family lost their home and their life savings because of your business venture. That would be a very difficult pill to swallow, especially if you have a family. You feel trapped and go to work daily Thinking about the way life could be. It is much easier to be told what to do and how to do it than venture out on your own and try to make something of a business. You have probably heard all the horror stories of opening up a food related business. One of the good things about having a donut business, especially a small donut business, is you are selling one product and the overhead can be quite low. We will talk more about that in a bit. Stay tuned tomorrow and we will continue our discussion about starting a good business end is poor economy.
Posted in Starting a Donut Business | 
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