Monthly Archives: November 2018

Start Up Machine Tools And Shop, Woodworking, Wood Machinery Equipment, Business Loans, Financing

Start up machine tools, machine shop, woodworking, wood machinery equipment business loans, capital, financing, leasing with credit problems is still available in these economic times.
This article is going to discuss what is machine tools, machine shop, woodworking, wood machinery equipment leasing/financing, what are its benefits, leasing plans and how it relates to the start up business.
Additionally, we will show you lending requirements below for start up loans
Leasing is a form of renting but with a buyout clause at the end of the lease to take title to whatever we are leasing. The requirements to get into the lease may be as low as first and last payment and as much as 25%. Each situation is different and this offers the start up and seasoned business a way to invest very little monies into the business. Additionally, all other monies can be used for operating expenses such as marketing and other key areas. Leasing is not a new form of financing but could be a lending solution to the start up business.
The benefits of leasing may result in off-balance sheet financing reporting, tax incentives and conserving cash flow and preserving lines of credit for working capital purposes. Many leasing requirements may only require the initial outlay of first and last rental payment. Most leases finance 100% of the cost of the equipment such as soft costs which include shipping, software, training and installation. Additionally, leasing lets you regularly upgrade your equipment, eliminating your utilization of old, outdated equipment and reducing repair options.
Some of the leasing plans available to the lessee are $1.00, 10% or 20% purchase options as well as Trac Leases and FMV lease buyouts. Additionally, some lenders offer seasonal payments, deferred payments for ninety days, declining payments and half payments for a specified time period. It is important that the lessee understands all these different lease plans available as well as the buyout clauses. The lessee has many options to consider in negotiating his lease. He must understand each lender’s requirements and see if it fits within the realm of the lessee’s requirements.
Some lenders will accept the start up business whereas others will not wanto lend to this group. They consider that their risk capital can be invested in other types of portfolios that can be better served. Many lenders require full documentation which includes a couple of years of personal income tax returns, a personal financial statement, and other underwriters requirements. However, in the past couple of years, there is a select group of lenders out there require an application only program. These lenders have their own computer scoring model and eliminate the necessary additional paperwork of other lenders.
These application only programs are usually restricted to the seasoned business, however there are a few out in the industry which will work with the start up business as well. The amounts of the application only program run as high as $150,000 for the seasoned business and $10,000 for the start up. Additionally, the lender will lease the qualified asset probably from 36-60 months and many won’t finance any equipment and commercial vehicles over ten years old.
It is important to understand the lease terms, the rate factor the lender is charging and the buyout clauses in the lease to take title. If you anticipate paying off the lease early, you should consult your lender to ascertain there is no prepayments for a early payoff. The last thing to understand that the lessee is going to guarantee the lease.
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1) Recap of Start Up Business Loan, Financing Programs Up to $40,000**********Conventional Financing, Bad Credit
0-2 Years Time In Business, Story Book Lender, Credit is Run but isnt Credit Driven, High Cash balances help a lot for approval
For New Business Start-Ups: (terms 12-30 months) Up To $40,000
1. Completed Credit Application
2. Personal Credit Report from all Principals
3. Last Years Personal Tax Return
4. Evidence of an Alternate Source of Income*********
5. Personal Financial Statement on All Owners
6. Evidence of a Business Bank Account (this may not be open yet)
If a Business has been open for a few months, please retrieve bank statements
Lease Terms are Up To 36 Months10% Buyout Clause
2 ) Second Start up Lending Program.
If you have good credit for other start up financing, minimum credit score 650 or higher, the down payment for conventional financing may be any from 10 to 30% down. Industries include owner operators for semi, day cabs and dump trucks. Other industries such manufacturing, construction, medical, transportation may also be eligible. Paperwork requirements are basically the same as above.
3) If you dont qualify for the start up programs above, we have many off lease and repo financing programs that start as low as 550 for minimum credit scores, financing up to $100,000, Down payments as low as $1,000
Happy hunting for your machine tools, machine shop, woodworking, wood machinery equipment acquisition and its start up financing and business loan programs

The Importance Of Seo For Small Business

Many people wonder why SEO (Search Engine Optimization) matters, especially in small business where resources are limited. While it may be true that some people overrate SEO to the point of magic (make millions in a year, etc.), its hard to argue that SEO is one of the best ways to advertise in the modern Internet age.
Usually, the ones who criticize SEO advertising or have disappointing experiences with an SEO company dont entirely understand how the process works. SEO is a form of advertising, and a form of targeted advertising, in that you only sell to the people who look up your chosen keywords. Who in their right minds would say that advertising is overrated or that targeted advertising is a passing fad?
Technology comes and goes but advertising and marketing are as old as human history. The facts show that SEO advertising is one of the best ways to attract attention online, and no one denies that everyone is on the Internet in 2011, whether they are shopping, surfing, or wasting time playing farm simulator games.
The truth is that SEO doesnt single-handedly make or break a businessyou do. With your efforts, you can strategise and bring your company to new heights or let it stall out by taking a misguided turn. However, SEO must always be a part of your campaign, because search engines are a major part of Internet life.
There are only four major ways to attract attention online: SEO (that is, the articles and texts that make websites), PPC (pay-per-click advertising), banner advertising and news articles/press releases. SEO is not only the most affordable way to advertise, its also the best way to target advertise. Instead of selling your business to random surfers or Googlers, you are selling your services to people who are already interested in your productpeople who have taken the time to type out what they want to buy.
Did you know that an estimated 60% of the market do not invest in SEO? Furthermore, upwards of an estimated 20% dont even know what the term means. This means that once you start a complete SEO 9 campaign, you can expect to reach more of the market than over half of your competitors are reaching.
The fact that SEO is affordable and targeted makes it exceptionally important for small businesses, who cant afford to put off advertising or run an expensive ad to random Internet surfers. Your investment in Search Engine Optimization will help your small business grow!

Unethical Behavior In Business

The sad truth is there are people who part take in unethical behavior within the workplace. Unethical behavior includes a variety of activities. Some unethical business behavior may include lying and changing the number of hours they have worked, making a long distance phone call on the business phones, and copying business software so they can use it at home. There can be more serious unethical behavior such as altering business records. There are also behaviors which are deemed as unethical and behavior that is illegal but ultimately is up to the business to decide if the behavior is illegal or not.
When a employee discovers someone that is being unethical, it can sometimes test what their own ethical values are. Sometimes behavior that is unethical and not illegal can fall under a grey area such as, what is right or wrong and can make it difficult to know what to do when they encounter it. However, people will also have different opinions on what is ethical and what isn’t. An example could be saying that it okay to say a white lie, and they make it okay because they can justify it their mind.
The employees own sense of what is right or wrong, comes into play when they witness someone else doing something that isn’t part of the companies standards. The employee will need to address how they are feeling about the activity and will they inform on the activity or do they turn a blind eye.
When the employee witness the employee doing something unethical a decision is made in what to do about it and so they are presented with a number of difficult options. Should they go and talk to the person or do they go and speak to the supervisor.
There are techniques that are put in place to make it easier to help with the decision and manage unethical behaviors. The company needs to create a policy for the company, that is signed by each employee so, they are aware on what to do. This will minimize the awakened feeling of what to do when seeing someone act unethically.
The second part is to show a outline of what will be expected of the person when they discover someone doing something unethical. It should also have the person that needs to be contacted and what the process is involved in doing so. Having a clear set instructions, will have a more proactive way on reporting on someone who is doing something unethical. So, by having this it can deal with this issue easily and quickly before it becomes a big issue.
The consequences should be clearly stated of what the unethical behavior is. That way, the person who witness the activity is aware of what to do which lessens the risk of someone not reporting something that is unethical.

Don't Just Look For Jobs, Look For Business Opportunities

There’s an ongoing debate whether it’s better to look for business opportunities or jobs. Well, the benefits of business opportunities are looking brighter than that of jobs.
Nowadays, with the uncontrollable spurt of online jobs and business opportunities alike, people who want to make money online are more confused than ever. If the dilemma used to be just between finding an offline job or an online one, now, the problem has gotten bigger. People who want to make money now have to choose whether it is better to look for jobs, or to look for business opportunities instead. Both options are good prospects, especially with so many online money making opportunities that all pay well, anyway. However, you might want to look closer at business opportunities, because it just might bring more advantages to you than any job can. Here are some reasons why looking for business opportunities pay off better than looking for jobs do.
Control
This is already a given, as I’m sure you will agree. Starting your own business gives you more control over your money making activities. You don’t have to report or answer to anyone. You don’t have a boss, and everything you do for your business will reap direct benefits for you and not for someone else. You can take care of your business the way you want to, and do with it whatever you want. Of course, the challenge is greater, since there will be no one to blame in case your business fails. But, if you just tread carefully, you will certainly reap a lot of benefits from business opportunities than you can from jobs. And of course, you can expect to earn more, since you are your own boss.
Flexibility
Business opportunities give you more flexibility in terms of time, location, nature of business, and earnings. You decide when and where you want to work. If your business is online, you can go wherever you want, as long as there is Internet connection and you have your computer with you. Also, you can decide on the nature of your business. If you want to extend your business this way or that, you are free to do so. Most of all, how much you earn depends on you. You don’t have to work a bit too hard for that elusive promotion, and you can avoid the frustration while you’re waiting for a raise. As long as you manage your business properly, you will certainly make a lot of money from it. And you can increase your earnings anytime you want by adding a little extra effort.
Achievement
Finally, there are also some emotional benefits on these money making opportunities as well. Starting and owning your own business may already be part of your future goals. Now, with the endless stream of business opportunities online, you can start achieving that goal right away. And you can even do so with a minimal capital investment, which is made possible by online wonders.
After running through just some of the benefits of business opportunities, which one would you choose? Jobs, or business opportunities? Well, don’t be an employee forever! There is also no need to hesitate, if you really want to start a business. There are plenty of business opportunities online that you can definitely manage. Break free from the employee label – right now and venture into these money making opportunities!

Today's Business Professional

The term “Business Professional” evokes a certain persona. We think of the person in a business suit, with a brief case, going to an office to do business. The vision includes ‘in person’ meetings with business colleagues and clients, reporting to a boss or supervisor or in some way being accountable for one daily output or production.
This is not necessarily the persona today. Many business professional are now working from home, in their causal clothes, even, sometimes, their pajamas. They are accountable to no one but themselves. They carry no brief cases and their business meetings are conducted via the phone, video connections and the Internet. This is today’s new business professional.
What is necessary to conduct business in this fusion? Well, almost certainly, an Internet connection and a phone (although the phone may be an adjunct to your Internet connection). You’ll need a business plan/strategy and the knowledge to implement it. You won’t have to devise all these plans and strategies yourself, there are many business opportunities already researched and laid out for one to follow. Some opportunities require a great deal of thought and implementation. Others just require you to follow a plan.
It is helpful to have an array of business tools and skills. Or, at least, access to resources that can provide the tools or skills needed for one’s business transactions. The best business people have learned to utilize other people’s skills to carry out certain aspects of their business. One need not be a “super sales person” to sell their own products. One need not be a “great” graphics designer to produce that “great” promotion piece. Need an article directed at a particular niche, you don’t have to be a “great writer,” you’ll find an abundant supply of PLR (Private Label Rights) articles oriented toward virtually any niche you can imagine. And so it goes with almost any aspect of today’s business.
Virtually all skills, tools and resources one needs to conduct almost any kind of business are available on the Internet. Need someone to “sell” your products — create an affiliate program and enlist the help tens to thousands of willing and able “sales people.” Need graphic design for a promotional piece or a web site design? Run a simple Google search for the type of project you have in mind and you will find many qualified associates to work with.
Want to promote your own product, then maybe you need an SEO (search engine optimization) consultant to help you be found by your target market. Or do you even know who your target market is? There are many researchers available on the Internet who can help you define and find just the right market segment.
Many “New Business Professionals” do want to do all or most of the actions making up their business themselves. Whether you want help with the actual actions comprising your business or want to do it all yourself, the Internet can increase your reach and the perception of your size. People want to deal with the largest, best business they can find. With the proper plan and strategy, your business can fit the bill. Having as much business knowledge and as many business tools possible will help create the success you desire

Recession-proof Business Ideas

Even during a recession, business keeps getting done. The question really is whether or not you are going to shift your mindset to one who leverages opportunity instead of someone victimized by the winds of chance. If youre like most people, you would rather shift than suffer.
Here are some tips on how you can identify great business opportunities and begin to apply them to your life so you can enjoy success because of, instead of in spite of, the economic challenges of the day.
Look for industries that everyone needs regardless of their economic situation
By identifying industries that need help providing the day to day services that everyone needs  food, shelter, clothing, day to day amenities of sustenance, and health care  you will likely find ways to either find a job or identify a market you can serve with your talents.
Find companies that offer products for managing tough economic times
Look for companies that supply temp workers, handle business liquidations, or provide comfort items such as counseling services. They are all going to need help for the extra business they are flooded with.
Try brokering excess inventories through barter or trade
Act as the liaison between people who want to buy excess inventories and people who have them. If you build a network, you can end up getting some of the things you need directly easily.
Offer education, retraining, and tutoring
With people out of work, sometimes from industries that wont rebound due to shifts in technology, you can offer paid classes that help retrain an obsolete workforce.
Package your own products in a new and interesting way
If youre already in business selling products, try bundling them in a new, creative way. Make working with you more convenient, more complete, easier and more efficient than working with someone else.
Establish joint venture relationships that provide synergy
By partnering with another business person to offer both of your client bases more value, you both win and all of your clients win too.
Become a consultant
Many people who get laid off can go back to work as independent contractors for their old employers. It saves the employer benefit costs and you can often charge even more per hour than you used to get paid via a salary
Get online
For a very small amount, you can launch a website, sell products, promote your site and begin making money. Lots of people want to try something new during tough times  you could sell them what they need to make a change.
Dont forget the needs of the wealthy
Affluent individuals who were more in cash than debt are open to finding great bargains and continuing to live their lifestyle. They see this economic time as an opportunity to get in low. You can cater to that.
Invest in you by starting your own business
By investing in your own business, instead of being subjected to the whims of an employer who can lay you off, you can choose your destiny. Bu establishing an additional revenue stream that allows you choices, you have more freedom.

Itsm – Identifying Core Business Processes Is The First Step Toward Customer Satisfaction

In todays business environment, organisations know that to be competitive, they need to respond to change, especially as customer expectations increase. Customers are more demanding, mobile and informed than ever. Global and distributed organisations need consistency in the quality and levels of service regardless of where and how they conduct business.
It is extremely difficult to meet these challenges in a timely manner if business IT processes are widely dispersed, silo-based and inconsistent. Consistent core IT business processes, language and data representation is essential to allow decision makers to respond quickly to the changing market.
Defining and maintaining consistent IT business processes is a lot easier said than done but critical if an organisation is to survive in todays market. This article will define core business processes and explain how to differentiate these processes from their implementation. It will also review how to prioritise which processes to investigate first.
Defining the core business processes
A “core” business process is defined as the minimum individual tasks to be accomplished to provide a certain level of consistency in output, without any consideration to hardware, software, people resource or performance.
When a core process is implemented, anything can be added to make the process more efficient, but nothing should be eliminated. When the core business process states that certain tasks must be performed in sequence, then it must be reflected in the implementation. In the same manner, any specified steps associated with a task must also be reflected within the implementation.
When asked, most organisations will claim that their core business processes are documented. Yet, typically, it is not the core business process that has been documented but the implementation of that process within a particular system or function. In this scenario, the documentation contains system or application process models reflecting implementation details such as “enter username.” Most times, documentation of a core business process doesnt reflect whether a user is identified by a username, badge number, ID-card, or some other method of authentication, as long as the organisation is satisfied with the accuracy of the documentation. Identifying and authenticating a user is an implementation issue, not a business process.
Its not easy to separate implementation from the core business process. Just take one business process and see how readily you can identify the major tasks involved without letting implementation issues creep into the mix.
And it only gets more difficult when core business processes become more intricate and critical within the enterprise.
Using the right process methodology
The methodology and approach used to identify, derive, or create core business processes will vary with an enterprises size, industry and culture.
There are several proven methodologies and supporting tools for deriving and improving business IT processes (e.g. ITIL and ISO/IEC20000).
Your first steps
1. Investigate and remove hurdles relating to organisational cultural issues, governance processes, and supporting infrastructure up front.
2. Educate participants on what a core business process is, how it will benefit their respective business area, and the chosen methodology that will be used to derive these processes.
3. Dont try and do all of the critical business processes at once. Suggest a phased approach with a sound transition strategy.
Once youve identified core business processes, its important to prioritise which ones to tackle first. A new
business channel or service is a good place to start, as business analysis and requirements gathering have likely already been done, which should provide a good jumping-off point for identifying core processes.
Next, tackle any business process areas featuring disparate results between business units. Then, look at processes for which new enabling technology is being considered. Rounding out the list are those processes supported by different implementation and those supported by more than one location or business.
Process empowerment
It is import that all parties involved in executing the process clearly understand that it is the process that should be empowered, and should not be confused with the organisational function and position performing it. For example the Service Desk working on a major payroll incident, which requires immediate response and resource from the development team.
Process review
Your core processes should be a living entity, it is therefore essential to regularly review the performance of your process and adjust as business demands change. (Refer to the Quality management process review flowchart).
Its never too late to start
If enterprises are to remain competitive; they need to reduce the complexities resulting from widely dispersed and often disparate business processes. Establishing consistent empowered core business processes is just one step toward meeting increasing customer expectations in today’s market.

Inside Business Advertising And Report Tv Scam

Let life pass you by! This maxim of the slow, I suggest, could potentially usurp governments, the global economy, and the war machine. This complete reversal of the old saying Dont let life pass you by potentially signifies a new rupture point. A point of rupture or departure of becoming and self-reclamation in a world so apathetically speed-driven that it is made hypnotic by the blur of sights passing it by. This maxim is not just a simple banal repetition in line with Wake up and smell the coffee, and so on. No, Inside Business Scams, Reports, or Advertising. As if anyone could ever get inside business or the advertising world.
Inside Business Report TV Scam… It sounds like a parody of so much that is fast and wrong, fast and loose, and even a potential Mel Brooks skit. What does it mean to be “inside”? Does it imply special knowledge?, Advanced knowledge? What does Inside Business Report TV Scam imply when one detaches oneself from the passivity of shame, the passive acquiescence to the rays of TV, the doldrums of drugs, bland consumerism, even self-help or self-hurt books.
To call inside business scams scams is to demean the term scam or con. Reports of these business scams are rarely exaggerated. Their demise is certainly in doubt. Slowness is itself the antidote to inside business reports scams also called acceleration, the myth of technology, and crass consumerism. Inside business report tv scam…. it sounds like a Pavement song, a joke between the siblings of George Carlin and Mel Brooks, or some Saturday Night Live Tina Fey parody of the corrupt financial sector……
I propose slowness could be to the 21st century what speed was to the 20th century. The amount of technological, sociological, artistic, philosophical, and political change that has blown over the world in the past one hundred years has been practically constant and exponential in terms of both its speed and its qualitative and quantitative effects. Inside Business Scams Report huge losses, or huge gains. Either way. the game is fixed. Speed, Virilio’s acceleration, is a Toyota Prius with no brakes: The illusion of progress and excellence. In reality, Inside business scams report a number of illusions, all leading to accelerated death. Whether you are taking DHEA as a muscle builder or prozac as a relaxative, it doesn’t matter, we’re cooked as long as our foot is on the gas or, maybe, as with the 2009 Prius, even if our foot is off the gas, we are accelerating with no hope of stopping or slowing down until we crash into the concrete barriers of our consensual hallucinations….
These are changes which are practically totalitarian by nature and driven by an elite technocratic capitalist class that relies on the decadence and helplessness of those not in its class for its own accelerated proliferation. Yet the masses, the mediated and exploited of the world, both the impoverished and the industrialized, are complicit in this proliferation. Inside business scams, report, retort, inside business reporting scams… who knows what evil may come? Everyone is a potential insider in today’s mythological inside business report scam society!!!!
Across the world from India to Japan to Canada, American (Technocratic Capitalist) culture is consumed ever-increasing quantities at ever-increasing rates. From EuroDisney in France to Coca-Cola in Vietnam, the culture of desire, speed, racism, sexism, violence, and immediate and perpetual stimulation, is luring the multitude of Others into its speed trap. It is seduced via Titanic and the Marlboro Man as much as it is imposed economically and militarily by arms of the Mother Country such as the United Nations, the North Atlantic Treaty Organization (NATO), and the Cable News Network (CNN).
This is a proliferation and complicity, eloquently described in works such as Jean Baudrillards Simulations and Guy Debords The Society of the Spectacle, dependent upon an unquestioned acceleration and propagation of the myths and lies associated with linear progress, digital revolutions, moving forward, and other cliches whose grip on our collective political, philosophical, and artistic consciousness seems to be impregnable and all-encompassing. But this is a grip which can be tickled, even pissed off, rendered obsolete, even passe, by slowing down, by turning technology and speed back on themselves.
Report the scam of acceleration inside your business report scam…….
A shift in the speed of human evolution has taken place, from fast to the speed of light. We are currently in a time that has no definition or name. We are in an era changing so rapidly that by the time we think of a name for it we will have entered into a new one or collided violently with its end; unless we collectively decelerate now. The rate of change of human beings seems to be asymptotic. It cannot skyrocket upward at a 45 degree angle forever. Instead, it must eventually level out and perhaps even reverse its course, depending on a number of ecological, political, philosophical, and even astronomical (in the literal sense (ie. Asteroids and comets, (even space aliens?))) factors. Eventually we will get tired of acceleration and learn to value deceleration. The question is whether or not we are past the point of no return as a species, even as individuals with our rush to the accumulation of material wealth, conquest, and other decadent drives leading to nowhere.
Go ahead and take your dietary supplements, your melatonin, your viagara, see if that stops the scam and slows you down inside business reports of today’s world!
The question is whether or not the deceleration will have to be a screeching halt or worse a fatal collision, instead of a willed slowing down. Letting life pass you by means driving slowly in the fast lane, always arriving late for important meetings, turning in assignments past their deadlines, being late for work, making slow art, playing the drums with fallen limbs from the forest, making love slowly instead of stampeding to the clitoris, using high-speed supercomputers to perform word processing tasks or simple calculations such as 1+1=2, and so forth

Passing On Your Home Business

A big part of the business world is passing on your business to someone as you get older. There are many home or small business owners that make a big production of this, in the same way that a larger business is going to do. The idea of building up a business that you put many years into and handing it off to a child or another person that you care about is something that many people strive for. This is an idea that a lot of people have come to care about and often in families it is an idea that is passed on for years and years.
There is no reason that you should not consider this with your home business as well. Many people spend years on a home business and work very hard to build up a business that they can be proud of. This means that when the time comes for them to not be running their own business any more, many people do not want to simply hand this business off to strangers or to see it fall apart. So, as you are working on building up your home business, there are several things that you should remember.
The first thing that you want to remember is that your business is something that you are building on your own and something that you should be proud of. So, when it comes time to hand off your business, you want it to be to someone that you can trust to keep things running in the way that you have done and to allow your business to continue to grow in the same way. You want to take your time when you are picking someone to run your home business, because you want to make sure that the person you pick can live up to your ideals.
Remember, this does not always have to be one of your children. Many people will choose to bring on a business partner later in life that they can pass their business on to. Usually this is someone who is young that they can train in the way that they would like to and later that they can leave the business to. This is something that you want to remember because it is often better to leave your business to a partner who is very good at what they do and who is very interested in the business, rather than a child who does not have any interest in what you are doing. Many people make the mistake of thinking that it is better to keep the business in the family no matter what and this is not always the case, because it is simply better to give the business to whoever is the most interested and the most trustworthy as well.

The Influence Of Internet On Modern Business

An Internet Marketing program has two sides. One is the part devoted to individual customers. The other is the business to business component. E-commerce programs as well as advertising, sales support, customer service and public relations are all elements of an internet marketing program.
Similar companies compete against one another while being only a click of the mouse away. In other words, a buyer can locate numerous sellers offering similar merchandise, similar prices and similar offers in a very short time period. As more people and businesses become comfortable with the internet, the marketing landscape will continue to evolve quickly in the coming years.
Use of the internet has exploded during the last few years in both the consumer and business-to-business markets. Although the experts still debate the future of the internet, no one doubts it is having an impact on how business is taking place in the twenty ‘first century, even with all of the – – dot crashes – – of the late 1990s. Here are some facts about the internet that highlight its tremendous growth and presence in society:
– The most common products consumers’ research online and purchase off-line (at the store or outlet) are: automobiles, computer, hardware, travel, electronics, books, appliances, music, sporting goods and clothing.
– Over 25 percent of all business-to-business purchases are placed through some type of internet connection.
– The five top business-to-business e-commerce products are computers and electronics, motor vehicles, petrochemicals, utilities, papers and office products.
– In 2004, 10 percent of business-to-business advertising dollars were spent on the internet. The total amount spent was $8.7 billion.
– About 54 percent of the e-mail users have responded to an e-mail advertisement. Almost half purchased a product.
– Internet retail sales account for almost 2.5 percent of all retail sales.
Business-to-business marketers were among the first companies actually to make profits using the internet. In today’s marketplace, the web is becoming the communication tool of choice for many business-to-business companies. The internet provides opportunities for communication, customer service, sales support, collaboration and e-commerce.
Some companies use the internet for every aspect of their business including taking orders, inventory control, production scheduling, communications plans, sales programs, service departments and support programs. The change from traditional communication channels such as salespeople, telephone and – – snail mail – -to the internet and e-mail happened quickly in some companies and more slowly in others.
Now, convincing top management of the benefits of internet marketing is essential. There is still a lack of internet expertise in the business community. As a result, many companies are turning to marketing agencies for guidance.
To conclude, the influence of the internet on various businesses and industries has been clearly noted in today’s world. The presence of the internet and e-commerce is so sweeping that the various applications of web technology are now essential elements of a fully integrated marketing communications program.