Showing posts with label stock. Show all posts
Showing posts with label stock. Show all posts
Sunday, September 27, 2015
How to Make Money Selling Energy Bars
Find a wholesaler of energy bars. The first key to any business involving the resale of products is a relationship with a wholesaler. The retailer must buy at a lower price and sell at a higher price. This usually involves buying in bulk, so entrepreneurs on a limited budget need an energy bar wholesaler that has low minimum purchase requirements. Some wholesalers also require proof of a business license, which can usually be acquired through the local court house.
Visit local stores and negotiate a contract with those who do not stock the energy bars of the chosen wholesaler. Convenience stores and health-food stores often stock these items. Set a price between the direct wholesale price and the suggested retail price. This leaves room for everyone to profit.
Visit local gyms and supply them with the bars. Gyms often sell health products at the front desk or check-in area. Working out and mingling with the gym members is another good way to find customers.
Negotiate deals with personal trainers. Trainers can prescribe both a diet and exercise regimen for their clients. They can include energy bars in that regimen, so trainers provide a steady supply of potential customers.
Make money with fundraisers. These groups include youth sports teams that traditionally have sold junk food like cookies. Emphasize that energy bars provide a healthier alternative.
Supply bars at sporting events. These events usually buy directly from a local store and sell at a very high price. Arrange an even lower price than local stores to increase the chance of cutting a deal.
Start a website and affiliate program. Affiliates can refer their visitors to the website. The website owner then pays a portion of each sale to the affiliate who referred the buyer. Use a merchant provider with affiliate management to run the affiliate program. Promote the affiliate program through affiliate directories.
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Saturday, September 26, 2015
How to Make Money Raising Worms (5 Steps)
Contact bait shops, fishing outfitters and guides and convenience stores near lakes and other popular fishing spots and let them know you have worms for sale. Offer to deliver a stock of packaged worms to them once or twice a week.
Contact local garden clubs and garden centers and let them know you have worms for worm composting. Offer to give a talk about worm composting to members, who may then buy worms from you to start their compost bins.
Contact pet stores, fish farms and poultry farms and offer to supply them with earthworms for food.
Run a small ad in the local shopper or paper advertising worms for sale for fishing bait, worm composting or as poultry food. Run the same ad on local e-bulletin boards or Craig's List.
Print fliers and post them on local bulletin boards. Post a flyer about worm composting at your local recycling center. Post fliers on bulletin boards at parks with fishing lakes. Post fliers at feed stores.
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Wednesday, September 9, 2015
How to Make Money in Commercial Real Estate
Put your finances in order. To invest in commercial real estate you must have ample cash reserves. Determine how much is available to use on property, including your financing from a commercial lender. Mortgage companies will be able to give you an estimate of how much you may borrow and what it will cost. These types of loans have many points and other expenses that are associated with them.
Read about commercial real estate. There are many industry terms that you must familiarize yourself with. For example, it's essential to understand a properties 'CAP rate' so that you may properly analyze it. If applying for a loan, you need to know what the 'DCR' is. The Realtor.org website has a comprehensive list of commercial real estate terms that you need to review carefully.
Research the market conditions. The real estate market, like the stock market, will vary often. When the conditions are unfavorable, the prices for real estate investments will be much lower, which is a good time to purchase a property. When the market is on the rise, the property will be higher in price, which is the ideal time to sell.
Research the area where the investment is located. Commercial properties are good investments if they are in a prime location where businesses will want to rent or apartments are in high demand. A 'bad' neighborhood does not necessarily translate into a bad investment for apartments. Take a look at the consistency of the vacancy rates and how often tenants are late paying their rents before you decide not to buy in a certain area.
Make a plan to add value to the property by budgeting for improvements after you close the deal. Have a contractor inspect the property and give you an estimate on the cost of what you would like to accomplish before you place an offer. The value added to your property will pay off with a higher occupancy rate and a profit at the time you sell it. Some fixes may include renovations of older buildings, adding landscape or putting on a coat of fresh paint.
Find a commercial agent and buy a property. Have the agent draw up the contract and help you navigate the process through to the close.
Rent out the property or hire property managers who will do it for you. Keeping your asset full of renters who pay on time every month might be challenging, but competent management will know how to accomplish it. Always update yourself on the property and keep close watch on the finances and monthly spreadsheet. If possible, pay all of the bills yourself and control the outflow of cash carefully.With a building at or near full capacity, you will be able to make a profit every month. When it's time to sell a property that has added value from improvements and a good occupancy rate, the possibility of making a large profit is much greater than if you did not do your research before you made your purchase.
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