Business Global

Archive for May, 2011

We have come up with several tips to help ticket brokers make money buying and selling tickets. Many of these tips exist to help brokers make some extra money. Some of these tips are designed to keep you from making bad decisions that will cost ticket brokers money. This is a part of a series of articles that expand and explain some of these tips.

We have seen many new ticket brokers buy tickets online, wait until the tickets come in and then list them for sale on the exchange of their choosing. This is a rookie mistake we do not want to see anyone make.

Every listing service we know about and have used allows for tickets to be purchased today and sent out later. Everyone in the industry acknowledges there is float time on receiving a physical ticket. It is something we all have to deal with.

A hot event literally sells out in minutes. A common thing for a ticket-seeker is to first try to buy the ticket from the source (e.g. ticketmaster). If unsuccessful, they immediately turn to the secondary market. This is the target person you want to sell to. They are highly motivated buyers and are willing to pay the highest premium.

What a ticket broker needs to know is to list your tickets as soon as possible. The faster you get them listed on the secondary exchange, the higher the probability of having one of these highly motivated buyers find you. There is also less inventory available, hence increasing the odds of them matching up with your listing.

The early sale is always the best sale. They are continuously the highest margin transaction and, obviously, they put the money in your pocket quicker.

Natural health buffs are great repeat customers and a well-located shop will do well if the shop has competitive pricing and knowledgeable help. These customers will become repeat customers for the store if they are satisfied they are getting good service and fair prices. Many of these customers are very knowledgeable about what they buy and why. Since this is the case, the staff better be very well trained, so they know what they are talking about. These stores can be part of a chain outfit or an individual store. A prospective owner can buy an existing store or open a new one. A store with a good location, fair prices and knowledge about the products will have a chance to do very well.

Which store idea is best for you

Your dream is to own a health food store and you are looking into how to make that happen. Two quick ways to get information is use the Internet to see what kind of stores are for sale. Also you would be wise to speak with several business brokers to see what they have available and the current pricing. Franchises are also available in this industry. You can check them out online and contact them direct for more information.

The other way to get into this business is to start a store from scratch. If you are knowledgeable about the business, you can do this by locating a shop space for rent in a high traffic mall and getting your wholesalers lined up. The problem with this idea is you need to have prior knowledge and the ability to get the store up and running with no built in cash flow. This means that you will probably not be able to take any money out of the business for a year or more.

An existing shop is usually a better bet for success, as you will have some cash flow from the beginning of your ownership. The base of clients is an important asset to an existing business. Cash flow can make the difference between success and failure of a new owner.

Check out all of your options and study the advantages and negatives. A business broker is a good source for getting information for this analysis. Read the franchise literature also as they are in the business of helping their owners prosper. Any source of information may help you make a better decision for your circumstances.

Financing a business

If you have the cash or the credit line in place then you have resolved some of the new owner problems. If you are short of funds and need help from a current owner or from a business lender it would be wise to let the business broker know the facts up front. These brokers are pros at solving financing problems. Also the current owner of an existing business may be willing to take some of the sale price in paper. They also may be willing to stay a while to help train you and give you some on the job experience. If the two of you are compatible this can be invaluable. A new business from scratch that is not franchise related will require knowledge on your part to pull off successfully. You will have to do every thing yourself and there will be no advisors on the side. This way of breaking into the business may be only for the limited few who really know the business. A person that has worked at another store may be just the candidate for a startup store. Practical experience, ordering knowledge, product information, which is gained from this prior employment, could make the startup easy for such a person.

Learning the business and what you can say

This business is tricky in one respect; you have to be careful what you say to a customer. Any kind of a medical claim needs to come from a source other than you. Most good shop owners in this business use references to answer customer questions. A statement in a book by an authority will give you legal cover in most instances. Let the customer read for himself or herself and do not offer your opinion even when you are sure of the answer. Leading a customer to a reputable source is good business and keeps you from practicing medicine. The fact that you knew where to find the answer will not be lost on the customer.

Read all of the time for your own knowledge and attend seminars and meetings conducted by experts is a great way to improve your personal knowledge. The more you know, the better you can help your customers.

Your knowledge will also help to gain repeat customers. These customers are critical to the growth of the business. Every customer that becomes a repeat customer almost guarantees growth over the time. Repeat customers are also likely to refer other customers to your business.

Conclusions

The herb, vitamin and health food businesses are a growing industry around the world. People want to stay healthy and are willing to spend their money to make that happen. They know that they can prolong good health if they take care of themselves. It is obvious that this is taking place. Look at the number of people who have quit smoking and are eating food that makes for a healthy diet. Long-term health has become a very serious desire of the population, as it grows older. The Internet is filled with websites promoting good health, as well as TV and magazines. Many of the celebrities have also taken good health to heart and are promoting the merits of it to all who will listen to them.

All of this publicity has made owning a store in this business a profitable business to own. There is a side to the business that comes to the owner that is not measured in money. That is the feeling a person gets by helping someone that needs help.

The reseller’s program, which has allowed non-licensed members to purchase vehicles they want through licensed and registered members, now has a new Copart name.

The Registered Resellers Program has now been renamed to the Registered Broker Program by Copart who felt this name better reflected what the actual program was about.

The word “Broker” explains the program better, as non-licensed members are using licensed, independent third party members to purchase vehicles on their behalf on Copart.com and through Copart yards.

Registered Brokers are licensed and registered members of Copart, who have agreed to resell purchased automobiles to unlicensed members.  When you sign up with a Broker it activates your right to bid with your own ID and password.  Because you have signed up with a Registered Broker, you have access to Copart’s massive inventory and you have control over what you buy, how you purchase it, and which method you use to pay.

To find out more about the Registered Broker Program, visit Copart’s “How to Buy” tab on their website.

ING Solutions LLC is a Registered Broker with Copart Auto Auctions. EasyExport.US website offers an easy registration process that lets you start buying salvage cars for sale and salvage motorcycles for sale from Copart salvage auction immediately and no license is required, as we sell salvage vehicles to the public every day. With EasyExport.US you will be able to bid and buy salvage cars, salvage motorcycles and other vehicles for sale at Copart Auto Auction in all 50 USA states. No more worry about being “eligible” to bid and buy Copart salvage vehicles at the following states: Alabama, Ohio, Arkansas, Utah, Wisconsin and Michigan.

Your registration with EasyExport.US salvage auction will take less than five minutes. Once your registration fee and security deposit has been processed an automatic email with your buyer name and password will be emailed to your provided email address.

We hope you will take the time to look around and see what we have to offer you at EasyExport website.  We are 100% confident your buying experience with us will be expedient and pleasurable.