Buying, repairing, and restoring old homes and then selling them off at a higher price, is the flipping business in a nutshell. One of the most sought after businesses currently, offering a multitude of opportunities, it is an excellent occupation to take up. If you are a contractor with years of expertise, and if you have a good team of professionals who know how to turn Cinderellas into princesses, house flipping is like a natural profession for you.
Creating the Plan
I assume that since you are getting into this business, you already have a background in home construction work, as a contractor or an architect. It is essential that you are familiar with structural engineering, civil engineering, and interior decoration. If not, you should at least have people in your team, whom you can consult about all these aspects. Knowledge and its application is always the key in any business and house flipping is no exception to this. First and foremost, get a guy on board, who has been in this business for some time and knows his way around. Tips that you get from such a person will be invaluable. Here is how you can create a plan.
Their Role in Media Planning
Media planning and buying is an important marketing function. Companies need to use the right medium while targeting their audience. Business Management Consultants help organisations to use the right medium and measure the performance of the marketing activity. Media planning essentially answers these fundamental questions:
Media planning helps in answering these basic questions:
a. Where to advertise? Market research helps in identifying which market their competitors are using. Either using primary or secondary data, the target market segmentation is done. Which part of the country would it be more successful and the medium that part uses.
b. Who to advertise for? The company’s potential buyer needs to be identified, the person earning the most in the family might buy the product, but it could be used by some other individual in the same household. Research again helps in targeting these products accurately.
c. How much to advertise? The media budget is based on this, the more frequently the advertisement is shown or viewed or aired the costlier it is the purchase the medium for the given time and space. Specifying the time is
Home business marketing can be done both inexpensively and effectively with clever use of the advertising resources available to you. When you start a home business the biggest challenge is finding customers for your product or service. Use these practical solutions for advertising your home business while working within your budget.
Make your own business cards
It is simple and inexpensive to design and print your own business cards. If you have some computer skills you can create your own business cards in a program such as Publisher and use a desktop printer to print a number of cards. Alternatively you can take your design ideas to a commercial printer to help you create and print your business cards. Some online business card services let you put your own information into a standard layout or to customize one of their layouts from about $20 for 500 cards.
Make the best use of your business card for home business marketing with these tips:
- Never leave home without your business cards. At any relevant opportunity hand out your business card. A trip to the grocery store can be a constructive networking
When you are working in a team, it is very important that all the team members are synchronized towards achieving a common goal. Running a stand-up meeting daily is a tool to achieve that. When conducted effectively, it helps the team stay aligned to set targets, provides visibility, catches loopholes and obstacles early, and also helps evaluate the overall status of a project. In a nutshell, it is important for better overall communication and performance. Yet, it is seen that many times, these stand-up meetings go wrong, and instead of being productive, they become a total waste of time. Many things can go wrong – the meeting stretching over its stipulated time, team members getting distracted, trailing off the topic, etc.
In order to run an effective and rewarding stand-up meeting, you should stick to certain rules. In this Buzzle article, we have listed some tips that will help you run your stand-up meeting effectively.
Fix a Time
Ideally, the stand-up meeting should be held at a fixed time everyday. This will help all the team members to get into a routine and plan their own work accordingly. Having it daily also helps in continuously assessing the overall status