By: Scott | March 16, 2019
Category: Business Development
Tags: Business Credit
By: Scott | March 05, 2019
1. Auto Expenses
2. Business association membership dues
3. Children on Payroll
4. Computers and tech supplies
5. Continuing education for yourself to maintain licensing and improve skills
6. Conventions and trade shows
7. Dining and Office food
8. Education and training for employees
9. Exhibits for publicity
10. Furniture or fixtures
11. Gifts for customers ($25 deduction limit for each)
12. Health Savings Account
13. Home office
14. Internet hosting and services
15. Investment advice and fees
16. License fees
17. Mortgage interest on business property
18. Pension plans
19. Prizes for contests
20. Real estate-related ex...
Category: Business Development
Tags: Taxes
By: Scott | February 27, 2019
Whom do you want to serve?
Steps to determining your target market
What is a Target Market?
A particular group of consumers at which a product or service is aimed.
Things to consider when determining your target market
Who are you wanting to serve?
What are their characteristics & interests?
Where do these people go?
-Work
-Leisure
Steps to Determining Your Target Market
1. Pick the Type of person you want to focus on: Generally speaking there are 3 types of people, I call them The People of Walmart, Target and Nordstrom. (These are just generalizations for demonstration and understanding, you can choose to define them differently)
• Walmart- They are struggling financially, they live on a budget and have little to no disposable income. They are willing to sacrifice quality for cost
•Target- They are conscious of what they spend but can afford to splurge a little, they may live on a budget, and they tend to have some disposable income. They are willing to pay a little more for a better quality/name brand.
•Nordstrom- They are well off, have no need for a budget, and have disposable income. They will usually choose quality/name brand over price
2. Define your ideal client: You know the type of person you want to focus on, now define the details about them.
· Where do they spend their free time?· Where do they shop?· Where do they work?· Who do they hang out with?
· Where are they in their life?3. Pick the Sales Market you want to focus on: There are 3 primary markets that people buy from, with in these Markets there are several other sub market, which we will discuss shortly
· Health· Wealth· Relationships
4. Pick the Submarket you want to focus on: There are several different submarkets for each Primary Market, some of them will cross over between different markets. Here are a few examples of submarkets for each primary market.
Health | Wealth | Relationships |
Diet | Finance | Community |
Nutrition | Investing | Love |
Weight Loss | Real Estate | Friendship |
Strength Training | Sales | Parenting |
Natural Medicine | Online Business | Dating Advice |
5. Bring the pieces together to define your Target Market(s): Here are some examples of Target Markets
· Disabled veterans looking to build online businesses· Single Parents looking for passive income· Investors looking for a community of likeminded individuals· New parents looking for potty training advice· Young families looking to buy their first home· Individuals looking to increase muscle tone
Category: Business Development
Tags:
By: Scott | February 23, 2019
In our last video we introduced you to a concept called Velocity Banking, in this video we explain why it works!
Category: Business Development
Tags: debt reduction
By: Scott | February 08, 2019
Today Scott will introduce you to the concept of Velocity Banking. Learn how you can pay off your debt, faster then you thought was possible, by simply leveraging different banking products against each other. Part 2
Category: Business Development
Tags: debt reduction