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Friday, September 28, 2012
Summer Sandals of 2012
Types of Socks - The House Boardshop
Whether walking, hiking, skiing, or just hanging out, socks can make or break your experience. Cushioning, moisture wicking properties, a good fit and temperature regulation are a few things to keep in mind when shopping around for socks. Once you try out a technical sock with a perfect fit, it’s tough to go back to straight cotton! The House has a large selection of men’s socks andwomen’s socks for every aspiration.
Skateboarding Socks - With a variety of colors, heights and logos, skateboarding socks are the economical answer for everyday wear for the younger generation. They’re typically made from cotton and will serve their purpose throughout the school year and beyond.
Casual Socks – Sitting right between a technical sock and a cotton sock, casual socks are usually a blend of cotton and synthetic materials. While not quite as efficient at wicking moisture as a hiking sock, casual socks will stay drier and warmer than an all cotton sock. Prints, colors and varying heights are common among casual socks.
Synthetic - Synthetic materials like polyester wicks moisture and dries quickly. Other synthetics like nylon and spandex help socks retain their shape, provide a snug fit and add arch support. With a variety of synthetic blends on the market at reasonable prices, synthetic sock materials have gained much popularity over the years.
Ingeo – Ingeo is an eco-friendly synthetic fiber derived from corn that yields outstanding moisture management properties, breathability, insulation and comfort. It’s hypoallergenic, so ingeo is a great alternative for those allergic to wool.
Cotton – Cotton socks absorb moisture and dry slowly, which can lead to blisters when used for athletic activities. However, cotton socks are inexpensive and come in a variety of colors and patterns that aren’t not available in technical socks. They’re ideal for kids, teens, and anyone else who doesn’t need moisture wicking properties for everyday use.
Thursday, September 27, 2012
Procedure for Appointing a Sales Agent for Overseas Market.
Selling a product through an overseas agent is a very successful strategy. Sales agents are available on commission basis for any sales they make. The key benefit of using an overseas sales agent is that you get the advantage of their extensive knowledge of the target market. Sales agent also provides support to an exporter in the matter of transportation, reservation of accommodation, appointment with the government as and when required. It is, therefore, essential that one should very carefully select overseas agent.
There are various types of merits associated with appointed a sales agent for export purpose are as follow:
- Sales agent avoids the recruitment, training, time and payroll costs of using own employees to enter an overseas market.
- An agent is a better option to identify and exploit opportunities in overseas export market.
- An agent already have solid relationships with potential buyers, hence it saves the time of the exporter to build own contacts.
- An agent allows an exporter to maintain more control over matters such as final price and brand image - compared with the other intermediary option of using a distributor.
There are also certain disadvantages associated with appointing a sales agent for export purpose which are as follows:
- After-sales service can be difficult when selling through an intermediary.
- There is a risk for exporter to lose some control over marketing and brand image.
Appointing right sales agent not only enhance the profit of an exporter but also avoid any of risks associated with a sales agent. So it becomes important for an exporter to take into consideration following important points before selection an appropriate sales agent for his product.
- Size of the agent's company.
- Date of foundation of the agent's company.
- Company's ownership and control.
- Company's capital, funds, available and liabilities.
- Name, age and experience of the company's senior executives.
- Number, age and experience of the company's salesman.
- Oher agencies that the company holds, including those of competing products and turn-over of each.
- Length of company's association with other principal.
- New agencies that the company obtained or lost during the past year.
- Company's total annual sales and the trends in its sales in recent years.
- Company's sales coverage, overall and by area.
- Number of sales calls per month and per salesman by company staff.
- Any major obstacles expected in the company's sales growth.
- Agent's capability to provide sales promotion and advertising services
- Agent's transport facilities and warehousing capacity.
- Agent's rate of commission; payment terms required.
- References on the agents from banks, trade associations and major buyers.
- Government Departments Trade Associations.
- Chambers of Commerce.
- Banks.
- Independent Consultants.
- Export Promotion Councils.
- Advertisement Abroad.
There is a fundamental legal difference between agents and distributors and an exporter should not confuse between the two. An agent negotiates on the behalf of an exporter and may be entitled to create a legal relationship between exporter and the importer
A distributor buys goods on its own account from exporter and resells those products to customers. It is the distributor which has the sale contract with the customer not the exporter. In the case of distributor, an exporter is free from any kinds of risks associated with the finance.
- Chapter 1 Starting Export Introduction
- Chapter 2 Basic Planning For Export
- Chapter 3 Identifying Products For Export
- Chapter 4 Market Selection
- Chapter 5 SWOT Analysis
- Chapter 6 Registration of Exporters
- Chapter 7 Export License
- Chapter 8 Myths About Exporting
- Chapter 9 Export Sales Leads
- Chapter 10 Exporting Product Samples
- Chapter 11 Export Pricing And Costing
- Chapter 12 Understanding Foreign Exchange Rates
- Chapter 13 Appointing A Sales Agents
- Chapter 14 Export Risks Management
- Chapter 15 Packaging And Labeling Of Goods
- Chapter 16 Inspection Certificates And Quality Control
- Chapter 17 Export Documents
- Chapter 18 Custom Procedure For Export
- Chapter 19 Invisible Export
- Chapter 20 Export To SAARC
- Chapter 21 Export To CIS
- Chapter 22 Organisations Supporting Exporters
Starting Export Introduction.
How to Start Export is a fair question that every first time exporter wants to ask. Export in itself is a very wide concept and lot of preparations is required by an exporter before starting an export business.
A key success factor in starting any export company is clear understanding and detail knowledge of products to be exported. In order to be a successful in exporting one must fully research its foreign market rather than try to tackle every market at once. The exporter should approach a market on a priority basis. Overseas design and product must be studies properly and considered carefully. Because there are specific laws dealing with International trade and foreign business, it is imperative that you familiarize yourself with state, federal, and international laws before starting your export business.
Price is also an important factor. So, before starting an export business an exporter must considered the price offered to the buyers. As the selling price depends on sourcing price, try to avoid unnecessary middlemen who only add cost but no value. It helps a lot on cutting the transaction cost and improving the quality of the final products.
However, before we go deep into "How to export ?” let us discuss what an export is and how the Government of Indian has defined it.
In very simple terms, export may be defined as the selling of goods to a foreign country. However, As per Section 2 (e) of the India Foreign Trade Act (1992), the term export may be defined as 'an act of taking out of India any goods by land, sea or air and with proper transaction of money”.
Exporting a product is a profitable method that helps to expand the business and reduces the dependence in the local market. It also provides new ideas, management practices, marketing techniques, and ways of competing, which is not possible in the domestic market. Even as an owner of a domestic market, an individual businessman should think about exporting. Research shows that, on average, exporting companies are more profitable than their non-exporting counterparts.
Why Need to Export
There are many good reasons for exporting:
The first and the primary reason for export is to earn foreign exchange. The foreign exchange not only brings profit for the exporter but also improves the economic condition of the country.
Secondly, companies that export their goods are believed to be more reliable than their counterpart domestic companies assuming that exporting company has survive the test in meeting international standards.
Thirdly, free exchange of ideas and cultural knowledge opens up immense business and trade opportunities for a company.
Fourthly, as one starts visiting customers to sell one’s goods, he has an opportunity to start exploring for newer customers, state-of-the-art machines and vendors in foreign lands.
Fifthly, by exporting goods, an exporter also becomes safe from offset lack of demand for seasonal products.
Lastly, international trade keeps an exporter more competitive and less vulnerable to the market as the exporter may have a business boom in one sector while simultaneously witnessing a bust in a different sector.
No doubt that in the age of globalization and liberalizations, Export has became of the most lucrative business in India. Government of India is also supporting exporters through various incentives and schemes to promote Indian export for meeting the much needed requirements for importing modern technology and adopting new technology from MNCs through Joint ventures and collaboration.
- Chapter 1 Starting Export Introduction
- Chapter 2 Basic Planning For Export
- Chapter 3 Identifying Products For Export
- Chapter 4 Market Selection
- Chapter 5 SWOT Analysis
- Chapter 6 Registration of Exporters
- Chapter 7 Export License
- Chapter 8 Myths About Exporting
- Chapter 9 Export Sales Leads
- Chapter 10 Exporting Product Samples
- Chapter 11 Export Pricing And Costing
- Chapter 12 Understanding Foreign Exchange Rates
- Chapter 13 Appointing A Sales Agents
- Chapter 14 Export Risks Management
- Chapter 15 Packaging And Labeling Of Goods
- Chapter 16 Inspection Certificates And Quality Control
- Chapter 17 Export Documents
- Chapter 18 Custom Procedure For Export
- Chapter 19 Invisible Export
- Chapter 20 Export To SAARC
- Chapter 21 Export To CIS
- Chapter 22 Organisations Supporting Exporters
The Best Way to Name Your Product 2.0 - Harvard Business Review
Can You Tweak Products Like Steve Jobs? - H. James Wilson and Elaine Eisenman - Harvard Business Review
Filters, on the other hand, are like deeply knowledgeable acquiring editors, skilled at finding the next best-seller in a stack of book proposals. These employees are willing to use deep experience in a particular sector to discern and shape opportunities within their social networks and regional markets.
- Declines. Measurable declines in customer sales are an obvious signal tweaks may help. One pet supplies and services company noted that customers were unexpectedly cutting back on its preventative veterinary care offering. So it began testing a "wellness package" that combined these services with healthy pet food products at a reduced cost. The tweak increased overall revenue by 8%, four times initial projections.
- Demands. A direct customer demand could be an opportunity to tweak. Based on a customer's repeated requests for an "add-on feature in its next generation product," a software company tested to see whether there might enough market demand. Results showed yes, so the company "accelerated R&D and spending at a time when revenue was flat to down," says the CEO. "Today most customers see it [the added feature] as a major benefit."
- Disconnects. B2B companies often have a distinctive outside-in view of interactions across functions and groups at client organizations. From this vantage point they can often identify communication and collaboration failures ripe for tweaking. One consultancy observed that a client company trained its marketing staff in a highly "lopsided" way, leading to high-turnover (and low marketing-effectiveness) in regions where staff were undertrained. As a result, the consultancy made a a small alteration to an existing training technology, and the tweak has led to a "significant new revenue stream for our firm," according to one executive.
Tuesday, September 25, 2012
Beauty and success: To those that have, shall be given | The Economist
The ugly are one of the few groups against whom it is still legal to discriminate. Unfortunately for them, there are good reasons why beauty and success go hand in hand
Fearful symmetry
Bright blondes
If looks could kill
How To Build A Billion Dollar Business Plan: 10 Top Points
How To Build A Billion Dollar Business Plan: 10 Top Points
5. Explain who your current competitors are and their advantages.
Top 10 Questions Every Business Plan Should Answer - Forbes
- Every business exists because of some noticeable opportunity that you have discovered within the market. So you must clearly define the need and/or problem you are solving with this business.
- Introduce and describe the business itself. Consider including a mission or vision statement with objectives detailing how the business satisfies the need in the market.
- Describe your business model and competitive advantage. This will help you to outline how the business will sustain its position within the market.
- Name the management team, board and advisers to the business. Highlight their expertise and experiences.
- Only after understanding the industry you are entering – its size, attractiveness and profit potential – can you truly justify the opportunity.
- Narrowing down your target customer will help enhance and define your marketing strategy.
- Once you’ve identified your target client, you’ll need to develop and implement a strategy on how best to reach them (e.g. PPC, television, radio, social, etc). And this in large part will be influenced by where your target client consumes information.
- Define your revenue streams including pricing structure, costs, margins and expenses.
- Identify needed capital requirements by determining where your business stands today, and what is needed in order to move forward. Also, if you are in need of outside funding, what will be the sources and uses of funds requested.
- Play around with financial projections and forecasts to determine the volume of sales needed to cover your expenses and to become profitable. Include monthly breakdowns for the first two years.
Monday, September 24, 2012
Buy or not to buy TV
SlashGear: Why You Shouldn’t Buy A TV Now
Apple is releasing a new TV with TV apps
A year end upcoming TV technology show is coming up
Summer is not good time to buy TV
Apple TV will disrupt the TV market. Samsung will be once again attacked in TV market by Apple. But, this time google will again be helping samsung with software side. However, smart TV of samsung is out without any support of TV apps. What TV apps you can think of at the moment.
Tablet first, netbook second
SlashGear: Tablets are for fun, Laptops are for work
Keyboard and screen size limiting factor for different devices. Wearable devices will have the same limiting factor. However, different functionality is way to go with google glass for videos, siri for voice commands without using visual, ink technology watches are for small text based information.
Playstation 4, wii u, xbox 360 and the console war
SlashGear: Is 2014 too late for the PlayStation 4?
PlayStation has lost the game because of being late in market. Microsoft wins the game because it understands the timing and software side. Wii wins because it understand game play. So, how will the new timing game, software game and actual game play show their strength this time.
Why apple lacks NFC, localized heptic vibration, wireless charging
SlashGear: Why the iPhone 5 needs no NFC, wireless charging, or localized haptic feedback
The reason behind all these specs not included in the iphone 5 are as following
The technology ecosystem is not ready
Consumer don't need it yet
It will make device heavy
It will reduce the battery charge
It will decrease the device experience
Here is where samsung is lacking. This is the why of buying device. Its underline psychology that is being dictated. Its not specs its above things that are important.