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How To Buy A Business Opportunity is not an easy question to answer off the top of my head.  I get asked this question at least once a day hence this blog post to better define my live calls I've had with potential buyers considering self-employment.

How To Buy A Business Opportunity: Business...

Best Ways to Store Data - Do you backup data on your computer each day? If so, congratulate yourself! You’re one of the tiny minority that can sleep easy.

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Find Great Business Opportunities - Book-of-the-Month - Author David Alford maintains that “opportunities come everyone’s way,” but few people know what to do when they find one. And in fact, few people actually know how to find the best ones.

That’s why he wrote

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Resource Center > Article
Is Groupon a Smart Move for Your Work-at-Home or Other Small Business?
12 Jul 12 Posted by: Kathleen C Lanza
in Marketing & Sales
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As a home-based or other small business, business opportunity or franchise owner, you may be wondering if daily deal sites like Groupon are a worthwhile marketing tool. While there has been much in the way of industry speculation as to whether or not the whole daily deal industry will even stand the test of time, a new study out by Rice University suggests that it just may. In fact, according to the study’s findings, the daily deal business is “thriving,” and it’s especially delivering results for small business owners.

Collected from well over 600 small- to medium-sized business owners from April 2011 through May 2012, the study’s data revealed that approximately 30% of those surveyed currently employ daily deals as a sustainable promotional model. Furthermore, newer and small companies seem to benefit the most from the daily deal concept, with 40% reporting sustained use.


Other findings from the study of note include:

• Companies that were launched within the past six years reported a 39% retention rate after seven deals (compared to 23% among established businesses)

• Companies with less than $500k yearly revenue reported a 41% retention rate (larger concerns came in at 15%)

• The overall level of marketing investment of a company had no bearing on its daily deals’ success rates. Those that don’t spend much are every bit as successful as those that spend big money.

• While less than half of first-time daily dealmakers turn a profit, more than 75% of businesses that have run seven or more deals do profit from their efforts. So patience and fortitude do count.

• Daily deals are particularly effective in attracting new business, as roughly 80% of daily deal purchasers are new customers.

 

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