Checklist for Starting a Disc Jockey Service Business: Essential Ingredients for Success
If you are thinking about going into business, it is imperative that you watch this video first! it will take you by the hand and walk you through each and every phase of starting a business. It features all the essential aspects you must consider BEFORE you start a Disc Jockey Service business. This will allow you to predict problems before they happen and keep you from losing your shirt on dog business ideas. Ignore it at your own peril!
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A Step by Step
Guide to Starting a Small Business
This is a
practical manual in a PDF format, that will walk you step by step through all the
essential phases of starting your Disc Jockey Service business. The book is packed with
guides, worksheets and checklists. These strategies are
absolutely crucial to your business' success yet are simple and
easy to apply.
Copy the following link to your browser and save the file to your PC:
https://www.bizmove.com/free-pdf-download/how-to-start-a-business.pdf
Business Promotion
Idea List
Here is a list of promotion Idea:
·
Perform an Advertising Promotion by
Advertising in the classified advertising section of your
community newspaper.
·
Advertise in the Yellow Pages.
·
Advertise on a grocery buggy.
·
Another Business Promotional Idea is to
approach your prospective customers over the phone.
·
Approach your prospective customers in
person.
·
Approach your prospective customers
through the mail.
·
Be a guest speaker at seminars and
present on your area of expertise.
·
Be a guest speaker on radio talk shows.
·
Build and maintain a customer mailing and
contact list on database software.
·
Build your image with well designed
letterhead and business cards.
·
Design a brochure that best explains the
benefits of your services.
·
Design a mail order promotion campaign.
·
Design a point of purchase display for
your product.
·
Design a telemarketing promotional
campaign.
·
Design an image building logo for your
company.
·
Design and distribute a quarterly
newsletter or an industry update announcement.
·
Design and distribute company calendars,
mugs, pens, note pads, or other advertising specialties
displaying your company name and logo.
·
Design and distribute a free "how to do
it" hand-out related to your industry (e.g. Tips for conserving
energy in your home).
·
Design buttons, decals and bumper
stickers or balloons with your company name, logo or slogan.
·
Design T-shirts displaying your company
name and logo.
·
Explore cross promotion with a
non-competing company selling to your target market.
·
Explore the costs of advertising in
newspapers, magazines, on radio, television, billboards, bus
shelters and benches.
·
Explore ways to share your advertising
costs using cooperative advertising.
·
Follow up customer purchases with a thank
you letter.
·
Follow up customer purchases with
Christmas or birthday cards.
·
Have your company profiled in a magazine
or newspaper that is read by prospective customers.
·
Hire an advertising agency or public
relations firm.
·
Hold a promotional contest.
·
Hold a seminar on your service, product
or industry.
·
Include promotional material with your
invoices.
·
Look for prospective customers at trade
shows related to your industry.
·
Look for prospective customers in
associations related to your industry.
·
Look for prospective customers at
seminars related to your industry.
·
Look for prospective customers in
magazines and newspapers related to your industry.
·
Package your brochure, price lists and
letter in a folder for your customers.
·
Place a sidewalk sign outside your store
or office.
·
Place flyers on bulletin boards and car
windshields.
·
Place promotional notes on your
envelopes, mailing labels.
·
Place signs or paint logos on your
company vehicle(s).
·
Prepare a corporate video.
·
Prepare a list of product features and
benefits to help you plan your advertising and promotional
campaigns.
·
Prepare proposals offering solutions to
your customers' needs
·
Provide free samples of your product or
service.
·
Provide public tours of your operation.
·
Sponsor a charity event.
·
Sponsor an amateur sports team.
·
Sponsor a cultural event through a
community arts organization.
Before opening your Company you must decide
upon the general Cost Amount you expect to keep. Are you going
to cater to people
buying in the high, medium, or low price
range? Your choice of location, look of your establishment,
quality of merchandise
handled, and solutions to be provided
will all depend on the clients you would like to attract, and so
will your prices.
After establishing this overall price
level, You're ready to cost Individual items. In general, the
purchase price of an item must
cover the cost of this
product, all other expenses, plus a profit. Therefore, you will
have to markup the thing by a certain
amount to cover costs
and make a profit. In a business which sells few things, total
costs can readily be allocated to each item
and a markup
immediately determined. With many different things, allocating
costs and determining markup may need an accountant.
In
retail operations, products are often marked up by 50 to 100 per
cent or more just to make a 5% to 10% profit!
Let's work
through a markup example. Suppose your organization sells One
product, Product A. The provider sells Product A to you
for
$5.00 each. You and your accountant decide the prices involved
in selling Product A are $4.00 each item, and you want a $1 per
item gain. What's your markup? Well, the selling price is: $5
and $4 and $1 or $10; the markup therefore is 5. As a percent,
it is
100%. So you have to markup Merchandise A by 100
percent to make a 10% gain!
Many small business managers
are interested in understanding what Industry markup standards
are for various products. Wholesalers,
distributors, trade
institutions and company research firms publish a massive
assortment of these ratios and company statistics.
They are
useful as recommendations. Another ratio (in addition to the
markup percent ) important to small businesses is the Gross
Margin Percentage.
The GMP is similar to your markup
percent but whereas markup Identifies the percent above the cost
to you of every product that
you must set the selling price
so as to cover the other costs and make profits, the GMP shows
the relationship between sales
revenues minus the cost of the
item, which is your gross margin, and your earnings earnings.
Exactly what the GMP is telling you
is that your markup bears
a certain relationship to your sales earnings. The markup
percent along with the GMP are essentially the
same formula,
together with the markup referring to individual item pricing
and GMP referring to this product prices times the
amount of
items sold (quantity ).
Perhaps an example will clarify
the purpose. Your company sells Product Z. It costs you $.70
each and you choose to sell it for $1
per cent to cover costs
and profit. Your markup is 43%. Let up say you sold 10,000
Merchandise Z's Last month hence producing
$10,000 in
earnings. Your price to purchase Product Z was $7000; your gross
profit margin was $3,000 (earnings minus cost of
products
sold). This is also your gross markup for your month's volume.
Your GMP would be 30%. Both of these percentages use the
same
basic amounts, differing just in division. Both are used to
establish a pricing method. And both are printed and may be used
as guidelines for small firms starting out. Often managers
determine what Gross Margin Percentage they will need to earn a
profit
and just visit a published Markup Table to find the
percentage markup which correlates with that margin requirement.
While this discussion of pricing might seem, in certain
respects, to Be directed just to the pricing of retail
merchandise it can
be applied to other kinds of companies
too. For services the markup must pay for selling and
administrative costs in addition to
the immediate cost of
performing a specific service. If you're manufacturing a
product, the costs of direct labour, supplies and
materials,
parts purchased from other concerns, special equipment and
tools, plant overhead, administrative and selling
expenditures have to be carefully anticipated. To compute a
price per unit requires an estimate of the number of units you
intend
to produce. Before your mill gets too big it would be
smart to consult a lawyer in a cost accounting system.
Not all things are marked up from the average markup. Luxury
articles Will take more, staples less. For example, increased
sales
volume by a lower-than-average markup on a certain
thing - a"loss leader" - can bring a higher gross profit unless
the price is
reduced too much. Then the resulting increase in
earnings won't increase the total gross profit enough to
compensate for the low
cost.
Sometimes you may wish
to market a particular item or service at a lesser Markup in
order to increase store traffic with the hope
of increasing
sales of Regularly priced merchandise or creating a high number
of new service contracts. Competitors' prices will
also
regulate your costs. You cannot sell a Product if your
competition is greatly underselling you. These and other Factors
Can
make you change your markup among items and solutions.
There is no magic Formula which will work on every product or
each service
all the time. But You ought to remember the
general average markup which you need to generate a Gain.
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