Tag: delegate

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A Quick Guide to Starting a Retail Arbitrage Business

Retail arbitrage is not just a hobby or side business. It is a business model that many follow to run highly profitable businesses. Retail arbitrage involves finding products created by other brands and manufacturers and then reselling them on Amazon, eBay, or Walmart for a profit. The goal is to find a high in-demand product for an affordable price, buy it in bulk and then list it on one of these platforms. The more products you source and resell on these platforms, the more revenue you can make.

 

These essential tips will help you start and run a profitable retail arbitrage business:

 

Use the Amazon Seller App

The best way to ensure you are sourcing products with a high-profit margin is to take advantage of the Amazon seller phone application. This app allows you to scan items to see their current sales price, sales rank, and potential return on investment.

 

Shop More Than One Store

Find more than one store to shop from, even if it is the same type of store. The more deals you can find with the most units, the more profits you can make. For example, if you find a candle that people are buying for $2 at a local store but know you can sell it on Amazon for $10, you will want to purchase and sell at least twelve or more to make a profit worth the work.

 

Verify Your Profit Margins

In other words, find products you can sell at all different price points. However, beware of your limits. Anything that provides at least eight dollars or more in return is where you should start if you want to start and run a profitable retail arbitrage business.

 

Price and Ship Right Away

Don’t let the product sit once you purchase it. Follow the instructions on how to properly ship your items to Amazon’s warehouse as soon as possible. Be sure to price the items competitively but fairly. In other words, if others on the platform are selling the same thing, don’t over or underprice them, as this will only hurt you in the end. Keep the price the same by fifty cents to a dollar keeping in mind your profit margins.

 

As you can see, you can’t just post any product and expect it to be successful. It needs to be an in-demand product and offer a good return on investment after being shipped to Amazon then packaged and sent to the new owner. For retail arbitrage to be successful, you must sell at a profit and find more than one unit. This means most successful retail arbitrage businesses eventually open a warehouse and hire employees to source more products and get them shipped to Amazon quickly.

 

 

 

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Five Steps to Creating an Amazon Kindle eBooks Business

Kindle publishing has the potential to create a six-figure or more business. With Kindle Direct Publishing, any writer can now publish their books, grow their audience without an established publisher, and still generate large profits. In fact, Amazon allows writers to create the stories they want and keep control of their products. Making Kindle Direct Publishing a powerful business model to choose if you are a writer or desire to become one.

 

These five steps will help you to create and run a profitable Amazon Kindle eBook business.

 

Step One: Find Your Amazon Kindle Books Category or Niche

Research through the top sellers in the Kindle store to see which genre inspires you the most. These genres let you know what products are in demand. While you want to create your own story, you still need to find and develop one people search for on Amazon to build a profitable business. Even if you author a terrific book, you won’t have a great time selling it if people are not interested in the genre.

Step Two: Create an Amazon Seller Account

To sell your books on Amazon, you must own and pay for an Amazon Seller Account. This costs about $39.99 a month plus any royalty fees, depending on the size of your book. For example, if you price your book below $2.99 and above $9.99, you will be charged a 30% royalty fee for using Amazon’s services.

 

Step Three: Develop Eye-Catching Book Covers

The first thing readers see is your book cover and title, so make it eye-catching. Your readers should get a basic understanding of what genre they will read just by looking at the cover. For example, a romantic novel will have a couple cuddling, while a beginner’s guide to cooking will want to have food and cooking equipment to draw in the right readers.

 

Step Four: Write Quality Content and Descriptions

The most crucial step of all is to create a story or book worth reading. To make a profitable Amazon eBook business, you need to create a series or more than one book on related topics. This way, you create fans of your work who will read your new books no matter what as they know they will enjoy your genre.

 

Step Five: Tease and Promote Your Books

Before your book officially launches, let your readers know what is about to come. Take parts of your book and create short stories, guides, or templates that can be useful or valuable to your audience now or until they can purchase the full book.

 

Follow these five steps to launch and run a successful and highly profitable Amazon Kindle eBooks business. The more quality content you write and share on the platform, the more revenue you will generate.

 

Common Community Building Obstacles that Can Hinder Your Success

 

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Essential Community Building Statistics to Know

If you want to grow a community or build one around your brand, you must know the facts. Statistics show that if you’re going to start a business, building a community around it is vital if you’re going to succeed. Fortunately, many consumers are looking for more information directly from the source to build relationships with honest and valuable brands. They seek trust and validity before they can make a purchase or commit to a brand.

 

The following are some essential community building statistics to know to further promote and grow your brand:

 

  • Nearly a 1/3 of Users Follow Brands Using Social Media – Because so many social media users and those who love being part of communities follow brands using social media, it tells you that if big brands are doing it, it can work for you too. So, you really don’t have to be Red Bull to benefit from building community.

 

  • Ninety Percent of Buyers Report Using Positive Online Reviews to Make Their Purchase Decisions – Reviews work according to buyers’ own words. They like reading positive reviews to help make their choice.

 

  • Almost Thirty Percent of Online Customers Report Using Brand Communities for Research – Many people who want to buy things feel more comfortable going to a community run by the brand to find out what customers are saying and get a sense of the integrity of the creator.

 

  • The Common Community Objectives Include: Customer retention, lower support costs, and innovation – People who create communities cite these reasons for spending a lot of effort developing engaging and informative safe communities for their customers and interested parties.

 

  • Only 40% of Small Businesses Compared to 75% of Large Corporations Build Communities – This is likely because it can be a lot of work to set it up and keep it running. However, with the advent of so many options, it’s getting a lot easier to do it.

 

  • Over 95% of Adult Smartphone Users are Using Social Media and Brand Groups – Because so many people in the USA (77%) have smartphones having a mobile-friendly community will pay off since most users love being involved in brand groups using their technology.

 

  • Almost 90% of Business Leaders State Community Building is Essential to Growth – The main reason for this is that it’s one more way to help lead your ideal customer through the buying journey successfully.

 

The fact is, online or brand communities are what sets you apart from your competition and can further solidify your chances of success. If you want increased awareness, recognition, and loyalty, then running a community is vital. Overall, these statistics prove the power and benefits online, or brand communities can provide to businesses.

 

A Comprehensive Social Media Influencer Checklist

 

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Brand Community Examples and Why They are So Successful

Building a community around your brand is vital in today’s marketing and consumer world. Consumers are looking for trust, credibility, and authenticity. Without these factors, you are unlikely to make any sales or make an impact within your industry, which is why many of the top brands today work hard to build a specific community around their values, products, services, and more.

 

Dissecting how the top brands take advantage of their communities can provide you with more tools and resources to grow a winning brand community of your own. The following are four brand community examples to emulate and why they are so successful:

 

  • Airbnb – You know all about this community because everyone talks about verified hosts. Verified hosts take part in this private community to learn how to make the most of their Airbnb business and rentals.

 

  • Once they make it to a certain point, YouTube- The creators on YouTube are invited to a private creator’s community that gives them motivation, tips, and more to make their channels better. In some communities, this is taken outside the online community right into co-working hubs.

 

  • Lego – This community enables enthusiasts to share what they are creating with Lego and helps drive product creation and innovation. Members can submit ideas, and they can win prizes and contests.

 

  • Airstream – They offer owners or wishful owners a community that allows them to share the interest and love of their airstreams. They can also learn about events and places to stay less expensively.

 

  • Harley Davidson – This close-knit community offers a sense of connection to Harley riders and their loved ones. They use the group to inspire loyalty, market the latest items, and more like big events and gatherings.

 

  • Trader Joe’s – You can join a discussion board, listen to their podcast, and find all about new products and how to use them before they come out. People love TJs so much that even in areas without a store, yet they build a fanbase using communities so that before they even break ground, they know they have enough customers to make it work.

 

  • Gone With the Wynns – This YouTube sailing couple spends a lot of time within their communities on YouTube publicly and privately within Patreon. Due to their active community, they have raised money to help animals and clean up the ocean.

 

  • High Carb Hannah – This YouTube star has a fabulous community based on her website where she has generated enough income through her offerings to build a house and live a very happy and active life outside of just work.

 

  • Apple – This community is very large and full of users and would-be users who love everything about Apple products. The community offers peer-to-peer support and a place to hang out with other like-minded folks.

 

Now that you think about it, you can find many communities for any product or service, or problem that you have. The advantage to creating a community yourself for your brand is enormous to you and the customers you want to help. The more they know about you and feel safe with you, the more likely they will buy and become repeat and long-term customers.

 

Top Influencer Marketing Mistakes to Avoid

 

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Building Trust Within Your Community Is Vital

The secret to creating more revenue, attracting more customers, and creating high brand recognition starts with trust. Showing your customers by your actions that they can trust you and that you will be there to support them is how you grow loyal advocates for your brand. The brand advocates then do a lot of the marketing work by sharing your content and making purchases.

 

When consumers believe in your brand, product, or services, they are more likely to share them with others. Without trust, you simply won’t have customers or a community. In fact, a 2019 Edelman Trust Barometer Report states that 81% of consumers reported trust as their main contributor to making a purchase. Thus, showing you just how important trust is to your success as a company.

 

The following are five ways to build trust within your community to grow your business successfully:

 

Offer Superior Customer Support

 

First and most importantly, your customers or community members must come first. Your support should be as consumer-centric as you can make it. Use the technology at your fingertips by using automated systems like FAQs, Bots, and files with information to help your audience and members feel supported. If your community is very large and active and you’re spending more than 30 minutes a day on customer care, it’s time to hire a customer service, virtual assistant.

 

Share and Encourage User-Generated Content

 

One of the advantages of having a community is all the user-generated content created. You can use a lot of this content in numerous ways, from creating a new blog post answering someone’s question, compiling your members’ answers to questions into a blog post, and even creating a joint book that you can publish on Kindle. It’s really up to you and your imagination to accomplish all the user-generated content you will cause to be created.

 

Ask for Honest Public Reviews

 

Use your community as a way to get genuine and honest feedback. If you seem open to criticism, your community who already loves you will be happy to assist you with making your community and products and services better. You just have to ask and listen.

 

Show Behind-The-Scenes Content

 

This is a fantastic way to get closer to your members and make them feel like true VIPs. Bring them behind the scenes and show them what you do daily. Even if they never want to do it themselves, people love this humanizing content as it brings them much closer to you on a human level.

 

Keep Your Branding Consistent

 

Remember that within your communities, your branding should be very consistent and noticeable. Whether you’re on Facebook or YouTube or your own coded message board community, your audience needs to realize it’s your brand without much thought due to your strong and consistent branding efforts. Your messaging, imaging, and content all need to have the same message regardless of where it is published.

 

Overall, there are several ways you can establish trust within your community. Listening, supporting, and guiding them to success is the only way to establish it. In other words, putting your customers first and making sure they are successful will lead you to success as well. Building trust shouldn’t be hard if you have good products that truly solve your target audience’s problem.

 

How Community Member-To-Member Engagement Grows Your Business

 

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Communities Foster Customer Success: Here’s How

Building a community around your brand may sound like a personal choice and more valuable to your business than your customers. However, it is quite the opposite. Your community allows your customers or members to be more successful in many different ways.

 

Well-run communities are packed full of valuable information and engagement to enable your members to feel more important and empowered. In addition, maintaining their loyalty is easier in a community as you can provide both traditional and self-serve support — meaning you no longer need to rely on normal business hours to value your customers.

 

Here are five ways communities foster customer success:

 

You Provide High-Quality Relevant Content

 

By using your communities as a distribution platform for your most relevant and high-quality content, you’ll be keeping your customers engaged every single day and, more importantly, twenty-four hours a day by giving them access to the vital information they need to solve their problems.

 

You and Members Build Strong Human Connections and Relationships

 

The exchanges with your members and the interactions members have together build strong connections and even develop relationships outside of your membership, forum, or group. When your members become attached to everyone else in the group, you truly will build brand advocates who will tell others about your community.

 

You Can Develop Improved Products and Services

 

By hanging out with your ideal customers, you will receive the most amazing insight into what they really need. When you see problems that they talk about, it will generate more ideas. Make it simple for your members to ask questions, comment, and discuss all the issues relating to why your community exists, and soon you’ll have a never-ending supply of product and service ideas.

 

You Can Provide (and receive) Inspiration and Empowerment

 

Having a captive audience via a forum, group, and community is one of the most powerful ways to provide your ideal audience inspiration and to empower them with the knowledge they need to use your products and services (or the ones you recommend) to create the life they want based on your particular niche.

 

They Receive Daily Communication and Motivating Interaction

 

Finding a way to stay at the top of your audience’s mind is another reason community building is effective. When your members receive daily communication from you that encourages them to act on their goals and dreams and to brag about it or ask questions about it within your community, it’s very motivating to everyone.

 

When it comes down to it, brand communities support your customers more while also taking your business to the next level. The improved customer support, daily interactions, and communication through publishing unique and useful content drive your customers to success. What is even more important is that communities prevent you from ignoring your customers. The more you listen and prove that you are hearing, the more successful your business will be. Likewise, the more successful your customers are, the more successful you are.

 

 

How Community Member-To-Member Engagement Grows Your Business

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Six Ways to Use Communities to Promote Your Products

Using communities to promote your products is by far one of the most effective ways to increase your revenue and loyalty to your brand. Sharing products within your community, or similar ones as an affiliate, is successful because the people within these groups are already interested and likely looking to purchase.

 

However, just because you share the products doesn’t mean it will automatically be successful. Sometimes you need to think creatively to promote your products without being so direct. Over promotion or creating content that looks too much like normal advertisements won’t get you anywhere. In fact, that will likely turn your audience away.

 

The following are six ways to use your brand community to promote your products and services more successfully:

 

Run a Giveaway

 

This is an effective way to just get the word out about your products without having to spend money on an advertisement or even a sales page. What you do is host a giveaway that you ask for entries too.

 

The entry can just consist of them providing their email address and name or other information that you decide. You can make this work using your email marketing software like Aweber, a Google Form, and your website to host the form.

 

Please keep it simple, but every single chance you can promote the contest, which is also promoting your business since entries are completed on your website where they can clearly see your offers. Plus, once they enter, they are now on your email list too.

 

Then when someone wins, promote the winner too, and again, this gives you a chance to go over what the product is and why it’s so great in public. You can then take this chance to give everyone who submitted a coupon and then everyone who is currently reading, a different coupon to buy.

 

Host a Contest

 

You can run the contest a lot like the giveaway in terms of the technology you use. You just need to make a form using a form maker like Google Forms, Gravity Forms, or even Acuity Scheduling. The concept is much the same, but you’re asking for something more than email addresses to participate this time.

 

The prize you offer should always be one of your products, services, or an affiliate’s products and or services so that each time you promote the contest, you are also promoting the product or service.

 

The other way to host a contest, with a required entry fee. For example, let’s say you’re an art teacher and your main product is courses for doing art in some way. You may want to offer your students a chance to win prizes that you can either buy with the fees collected or that you can ask vendors to sponsor, or you can pay for yourself. The press you get from promoting the contest, and the participants and winners will be worth it.

 

Hire Someone

 

One way to keep your community hopping is to hire people to work in the community. For example, you can hire a VA who will run your contests, promote your products, and drive engagement on your behalf. Outsourcing and reducing your workload will help you earn more money by freeing you to create more products and services and participate in engagement more.

 

Develop an Affiliate Program

 

If you have even one product, especially if it’s digital, consider having an affiliate program. When you set this up, you can promote all your products and services individually, or just some of them, or just the membership community itself. Again, it’s up to you, but having this type of system will increase revenue exponentially, even if it’s only used as a referral system for your members.

 

Ask for Feedback and Reviews

 

Use your group and the discussion boards you create to ask for feedback and reviews on your products and services that you can use on your sales pages, in promotions, and more. If you sell your products anywhere outside your group, you can even use the group to point out all the places you sell them, so they will feel free to give you reviews on those other platforms, too, where permitted.

 

Run a Live Demo or How-To-Presentation

 

A really fun way to use your brand community is to “go live,” as they like to say on Facebook to demonstrate your product, talk about an issue, or give a how-to presentation on using something you sell or are promoting as an affiliate. People love participating in live events, even if they’re unplanned and last minute. The good news is that they are recorded and can be enjoyed and repurposed at any time.

 

If you plan to build a community or use other communities to share your products, you need to create content that doesn’t feel too pushy or promotional. The more you understand your target audience, get them involved, and provide real value, the more you gain more revenue. With these six selling techniques, you can be sure that your promotions work every time.

 

 

 

 

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How Brand Communities Provide Endless Value to Business

While all brand communities should be working hard to provide value to their audience, it is important to look into all the benefits they give back to see why the challenging work is worth the effort. Communities take time and hard work through unique content and creativity that inspires your members to grow with you and others outside the group.

 

Here are four vital ways communities provide endless value to your business:

 

Communities Make You Stand Out Against the Competition

 

When you host a vibrant community that makes the audience feel heard, you will stand out from your competitors in a big way. Of course, not everyone builds a community the same way, so what works for your members may not work for someone else. However, how you run the community will make people stick to you.

 

If your audience needs answers fast and they get them from you quickly through the group, they will return repeatedly and skip going to the other person. Most people just want solutions as quickly as possible.

 

Communities Are a Source of Vital Quality Content and Education

 

Not only will you educate your community using content, but you will also get content ideas from your members. Audiences like to discuss issues within smaller communities, and you can be like a fly on the wall watching the discussion. The questions and the conversation can open you to many more content ideas than never being part of a community.

 

Every question, review, criticism, and discussion within your community is a fabulous source of vital information that you can use to create quality content and educational materials.

 

Communities Provide Customer Support and Guidance

 

If you have a community, be ready for most people to come to that group first for customer care. Then, of course, you can redirect them to your customer care system, but it can also be really helpful for you to service them right in the group. When people see how valuable you are, it helps them feel safe.

 

The really neat thing about allowing for customer care to happen inside your groups is that your loyal customers who receive this care will also start doing it for you when you’re not around, free of charge.

 

Communities Supply Customer Input and Direction

 

When you really get your community hopping with daily information, discussion, and interaction, you’ll end up with a never-ending supply of input that you can use for more products and services. Plus, you can use the information to better direct your customers toward the products and services they need.

 

Communities provide a space for your customers to learn about your offers, get educated about the topic, and also review your products and services, so you know where to improve or what to create next to show your target audience how much you value them as you provide the solutions they need.

 

 

 

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Why You Should Take Advantage of Social Media Stories

To Increase Brand Awareness and Exposure

 

Social media stories are highly shareable content, making it easy to increase your exposure and awareness on the internet. Bringing value to your audience ensures that they want to share it with their peers, increasing your views and exposure. A vital step to the success of any business on the web. It’s simple, the more people you can get to view your content, the more likely your viewership or audience will grow. Social media stories are another creative and interactive avenue to do this.

Struggling With Social Media? A Calendar And System Can Help

To Humanize and Personalize Your Brand

 

Social media stories are powerful because they are viewed as a more personal and less informal way to communicate with your audience. Showing your human side effectively increases your reputation as a business, as many viewers see this as a more trustworthy trait. This inspires more trust and credibility required to transition your readers or viewers into loyal or paying customers. Being more personable and human also shows your relatability beyond your business responsibilities and goals. You can understand what your audience goes through daily.

 

To Increase Audience Engagement and Interaction

 

Audience engagement is how you keep them interested in your business. It also provides them value or solves a problem, further increasing your exposure and reputation as a brand or business. Again, the more value you bring, the more successful you will be. Engaging content keeps your viewers wanting more and provides you more resources to update and perfect your products or services.

 

Take advantage of these benefits by adding social media stories to your marketing plan today. The more tools you use within each platform, like stories, the easier it can be to build your awareness and exposure as a business while improving your audience engagement and participation. In other words, not taking advantage of social media stories is a poor decision and only shows your audience that you don’t care to adapt or provide them more value.

 

 

 

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Five Actionable Tips to Boost Your Email Opt-In Rate

Your email opt-in rate is the percentage of those who visit your website compared to those who become email subscribers. The higher the rate, the more email addresses you have to better market and communicate to your target audience. In other words, the imagine you had 1,000 people visit your website this month.

 

Fifty of those viewers decided to provide their email and opt-in to your campaign. Therefore, your opt-in rate would be five percent, the average that many other businesses see. An opt-in rate that is two percent or higher is said to be on the right track. To determine your opt-in rate, use the following formula:

 

(Monthly or Weekly Opt-In Subscribers/ Monthly or Weekly Website Viewers) * 100

 

(50/1000) * 100

 

0.05 * 100 = 5%

 

Opt-ins are materials that hook your audience in by providing them high-value content in exchange for their email address or cell phone number. Once you acquire their information, you lead them through your email marketing funnel to hopefully persuade them to be paying loyal customers. Therefore, improving your opt-in rate is important to running a successful email marketing campaign.

 

These five tips will help you boost your email opt-in rate:

 

Use Pop-Ups

Pop-ups can be a great reminder for your viewers as they are leaving or browsing your website. However, don’t overuse them as they can quickly become annoying and make them click off altogether. Many readers expect a few, but if they pop-up too frequently or make it too difficult for them to browse the site, they will simply get discouraged and leave.

 

Make the Opt-In Process Obvious and Easy

Be sure to optimize the signup process to the mediums your readers use the most such as smartphones. If the opt-ins or lead magnets are not optimized for their cell phones, they won’t be able to complete the process. Many readers will abandon a brand or business altogether if they refuse to learn how to adapt to their audience as well. Keep the opt-ins organized and straight to the point. Don’t overload the reader with too much information. For the most part, the opt-in should be scannable and understood in a few seconds.

Add Prominent Testimonials

Show social proof with customer testimonials. Make them obvious and near the signup button to show your readers that you are trustworthy. If others are seeing the benefit you promised they will want to participate.

 

Use the Fear of Missing Out

Urgency is a useful tactic to get your readers to act now. Discounts with deadlines or early bird tickets for hands-on classes are great examples of these. Most people can’t pass up a good deal, nor do they want to miss out.

 

Invite Them to a Call or Webinar

Humans love to feel like they are important or part of a community. Not only that, inviting them to a short one-on-one call or free webinar makes them feel more valued and that there is a real person who cares on the other side. It shows that you are there for more than just monetary gain. Increasing their trust and loyalty to the business.

 

Overall, providing value is key to increasing your opt-in rate and achieving your email marketing goals. If you don’t have valuable content to provide nor follow these six tips, it’s likely your email opt-in rates will be poor, destroying your sales and overall email marketing conversions.

 

 10 Content Marketing Tips for Email Marketing Success