Tag Archives: Plan

Market Analysis

8 Steps to Plan Your Online Success

If you have decided to promote a new business online or you already own a business which you are promoting but haven’t yet got success then surely you have to plan things properly. Before you plan for your online business may it be your product promotion or affiliate product promotion keep in mind marketing online is complicated and the more complicated you make it the more will be chances of your failure. Following are some steps you should consider while planning your online business.

1.Create a promotion strategy

When you plan your online business think about how your customers can and should find you. Ask yourself “what you are good at” to get those customers to you. What percentage of people will be ready to pay for your product and why.

2.Market Analysis

This generally involves learning about market you want to promote your product. This can be studied by conducting close analysis over your competition, Google search, yahoo financial search or by hiring an expert to do it for you. The more you know about your market, the more chance you have to succeed in your online marketing venture.

3.Analyze customer’s mentality before promotion

This is one of the important step that many never bother to think about. What’s in mind of your customer before purchasing a product and what you should put in his/her mind so that he/she should purchase your product. Next you should also analyze what will be the age group of people who are willing to buy your product.

4.Focusing correct market to promote your product

That’s true when you have too much and diverse competition its hard to promote your product. For example a weight loss market would not sell a muscle building product. Body building and weight loss both are really very close markets but you can’t sell both product in opposite markets without research.

5.Product Positioning

This means creating a reputation in mind of your customer when he/she hears name of your company. This is important from naming your product to build its reputation and provide respectable support.

6.Setting up right price

When you are new to market it is essential for you to provide your product or service at possible competitive prices and with compelling offers. Some times you may have to reduce prices. Because you are new to market you have to suffer some loss over profit earned over each product sold, this usually happens to every new person trying to build profit online for first time . While cutting prices and providing special offer make sure they should not become loss with time.

7.Product Distribution And Delivery

If you are offering a physical product then this may include providing quick home delivery. If your product is digital like software, ebook or online service then providing instant access. This practically involves quality of service you would provide for your product or service.

8.Selling Product Online

This is how you would sell product online. There are several methods which includes asking affiliates to sell your product, SEO for your website, article marketing, press release, pay per click advertising, purchasing advertising space from relevant websites, driving viral traffic, providing free reports etc. I hope this information will help you build your product promotion plan.

Market Analysis

New Product Launch Plan Should Address The Critical Components

The most essential point is to have complete information of your market competitors when you create a new product launch plan. Your product launch plan will be a tragic failure if you release a product amongst that market that has no importance in your launching product. Before you come up with a new product launch plan, you have to know about your niche market. Moreover, the most essential point is the time when the product is available for launching. Remember at the time of launching that there is highest requirement in the niche market.

To examine your competitors plan is also vital and you should to have a look at their marketing collaterals such as brochures, ads and websites that will give you suggestions about how to launch your product.

Describe your objectives for successful sales conspicuously in your new product launch plan. Take advantage of market analysis to support your product claim and reduce your expenses. The more analysis you do in new product launch planning, the better you be able to recognize the market and demand of your product.

Contain the some promotional plan such as;

  • Advertisements
  • Free samples
  • Direct mailings
  • Press releases

Make sure that the new product launch plan is fulfill all market requirements and clients’ needs. Keep an eye on the progress and make an expandable plan so that it can be change whenever require. Discuss with the mature management as well as the staff is also a key point in a new product launch plan. Your purchaser service group with any managerial staff wants to be acquainted with how to answer customer questions about new product.

Keep in mind the requirement of engineers, designers, advertising executives and business enterprise. Email or Print new product info with conditions and the variations among the New Product Launch in the current market with available product.

Ensure that your product or service is as excellent as it planned before launching. Confirm that the product is ready and available for the launch.

When you begin to come up with your new product launch plan, always offer attractive additional benefits or special kind of bonus with your product that makes your product exceptional from others. Including alluring offers and bonuses will improve the launching success of the product and income gained. One more proven a new product launch is to keep the cost firstly low during the launch, however after some days increasing the price at its standard price level.

New Product Launch Plan should address the following critical components:

  1. Organize structure and resources
  2. Classify launch objectives
  3. Assemble intelligence
  4. Develop budget, timeline and launch strategy
  5. Effectively arrangements
  6. Make sure product readiness
  7. Assurance sales guide readiness
  8. Create sales tools and critical marketing strategy
  9. Develop new product programs
  10. Report and Track on execution
  11. Measure the best performance of plan

Innovative and new product launch have great advantages early in their life cycles with the proper launch. Analyst interest and media and is heavy, competition is light, buyers are energized by the innovation of the product solutions and sales enthusiasm channel is passionate.

A comprehensive Launch Action Plan and clearly written should spell out overall objectives, strategy, time-frames, individual responsibilities and requirements.

General Forex

Forex Trading Psychology Learn to See The Line Between The Trading Plan And Your Emotional Impulses

Forex trading market is a very well-known market. It is very important to understand everything about the market before entering into it. You can find many of pivot points, charts, trend lines, moving averages, and all types of the Fibonacci ratios simultaneously with the latest in the trading automation. Any of the forex website publishes all these data or some of these with the myriads of other details, opinions and interviews.

You might also get the support and resistance levels, entry and exit signals, all of which can appear as adequate in decision making process. If you are attentive of the importance of having a strict trading plan to start, then you should be known with the moments of doubt when the following the market goes awry, opening of trade, together with your self-esteem and emotions.

The trading books and videos will help you in knowing the forex trading market. As we trade, all our experiences are increased. Experience is also good for efficient trading. Since the forex trading market is extremely volatile and liquid market, the forex trading market goes on changing and changing all the time. With its unstable nature it is better that the trader should also accept it.

You should take your time to learn as how to understand the charts, preparing yourself accordingly to the economic calendar and make your trading plan to follow it strictly. Your emotions should not be present in the economy of trade.

As you progress along the path of becoming a professional Forex operator, your unseen analyst will start adjusting your trading decisions, silently participating in your trading decision process. Your emotions should never be present in forex trading. In fact, you should not give any place to your emotions in forex trading. That is why it is better to learn to see the line between the trading plan and your emotions impulses.

Emotions have no place in for successful forex trading. If a trader wants to be successful then he must dominate his emotions while trading in forex. In simple words, there should be no sorrow for in a loss and no joy in profit. There should be no joy in profit because if we enjoy the happiness of profit in forex trading then they joy will turn into sorrow when you will not make profit.

The very first step in forex trading for success is emotional control. Without emotional control there will no one to help you in forex. The trader has to himself help his own self from emotions to operate successful forex trading. By this way you can cope with psychological pressures.

General Investing

Sundaram Mutual Fund Systematic Investment Plan

Sundaram BNP Paribas Mutual Fund has launched several schemes which are generating returns more than the benchmark rates since inception. The fund managers for these schemes are more experienced and they take wise decisions in difficult times. The systematic investment plans launched by Sundaram mutual fund is one of the most successful schemes. This type of scheme is similar to investing in a bank recurring deposit. This plan generates more consistent returns when compared to the regular schemes as this type of investment has many advantages.

Sundaram SIP Plans:

You can make monthly payments which will reduce your burden of making single payments at a single time.
As you are investing each month, you buy units at different cost. Once you calculate the average cost of the units bought by you, the cost will be less when compared to regular purchase. This is called averaging. So this would also help you to earn more returns.
The minimum investment amount would be very less so that more retail investors and low income persons can participate in this scheme.
There are variety of payment options like post dated cheques and sip auto debit facility. You can issue post dated cheques for the monthly instalments. The company will send the cheques for clearing on the corresponding dates. Once they receive the payments they will buy additional units for your folio and will send you the updated statement. The units will be bought on the current NAV.

Next Step: Get More Details and Start Investing:

General Investing

SBI Mutual Fund Systematic Investment Plan

This fund was launched by the SBI mutual fund, to give the investors, a high opportunity for growth. It is one of the 5 Magnum Sector Funds umbrella launched by SBI. The funds were mostly invested in the equities which is a high risk investment. Only 0 to 10% of the funds were invested in other money markets.

SBI contra fund is a open ended equity scheme which invests in equities which are out of favour in the market. This fund was launched in 1999, with a minimum application amount of Rs 3000. There is no entry load for investing in this fund. But if you withdraw your fund within one year of investment, then you will be charged 1% of the amount as exit load. If you withdraw your amount after one year, then you will not be charged any exit load.

SBI mutual fund systematic investment plan is available for this scheme also. Under the recently launched “SBI Chota SIP” scheme, you can invest a minimum amount of Rs 100 per month or under systematic investment plan scheme you can invest a minimum amount of Rs 500 per month. These investments can be made either monthly or quarterly in advance. You can also choose sip auto debit facility for making monthly payments. For availing auto debit facility, you have to sign the bank authorization form along with the mutual fund application form. Once your application form is processed, your will get your updated statement. Once the monthly payment starts, you will get an updated statement every month with the updated units purchased in the folio.