Revenue Archives - BOLLYWOOD SURKHIYAN

The Secrets for Successful Revenue in Digital Marketing – Benchmarking Process

According to the British Quality Association (1989) characterized TQM as follows:

“TQM is a corporate business the board reasoning which perceives that the client needs and business objectives are equivalent”.

The accomplishment of significant worth is in this manner achieved by near and dear incorporation and duty, given to a relentless improvement measure, with quantifiable level of execution by totally concerned.

The Basic Stages in Problem Solving are:

– Identify the issue, alongside progress objectives:

– Develop a System Orientations as follows:

A bit of the General Tools to Benchmark are:

(I) Cause and Effect Diagram (Ishikawa Sketch Diagram)

Conditions and sensible outcomes diagram helps with reviewing the assorted anticipated explanations behind an issue or situation. With this quality control instrument, one can assess the contributing components as arrangements and subcategories. You could fuse and find the hidden driver of an issue; uncover the bottlenecks in your cycles and perceive where and why a cycle isn’t working.

(ii) PERT

PERT speaks to Program Evaluation Review Technique. High-spirited charts are gadgets used to plan tasks inside an endeavor – making it less difficult to schedule and sort out partners accomplishing the work as a TEAMWORK.

Proactive diagrams were made during the 1950s to assist manage the creation of weapons and assurance envisions for the US Navy.

(iii) TAGUCHI Methods

The Taguchi procedure for quality control is an approach to manage planning that underlines the pieces of creative work (Research &Development), thing plan and headway in reducing the occasion of defects and disillusionments in made items.

(iv) KANBAN

Kanban is a system for managing the creation of things with a weight on consistent conveyance while not overburdening the improvement gathering. Like Scrum, Kanban is a cycle or cycle expected to gatherings to chip away at groups viably and with the standards of collaboration for non-stop achievement.

(v) JIT (Just in Time Principle)

These are the 5 essential principles of JIT Management:

Total Quality Management, Production Management, Supplier Management, Inventory Management, and Human Resource Management.

JIT won’t suffer if there is definitely not a strong emphasis on TQM (Total Quality Management).

(vi) BATNA

Is the ability to perceive an arbitrator most ideal choice as opposed to a Negotiated-Agreement, is among one of the various bits of information mediators search for when characterizing bargain making and trade systems.

If your current game-plan shows up at a gridlock, what’s your another Best Alternative.

I immovably suggest you read the book ‘Getting to Yes’ by William Ury.

Or on the other hand simultaneously, I recommend you read ‘Moving beyond NO ‘ by William Ury if your values and principles don’t agree to the customers / clients with a win-win deal.

(vii) Poka – Yoke

Poka-Yoke is a Japanese articulation that means “bungle fixing”, “botch sealing” or “coincidental bumble expectation”.

A Poka-Yoke is any instrument in any cycle that empowers a stuff executive to keep a Strategic Distance from Mismanagement or Miscalculating.

Its inspiration is to dispense with by Preventing, Adjusting, or Causing to Notice Human Mistakes as they occur.

(viii) Kaizen

Kaizen is a thought symbolic business practices that tirelessly improve all limits and incorporate all agents from the CEO to the consecutive development framework workers.

Kaizen is the Sino-Japanese word for “advancement and ceaseless improvement”.

(ix) Mission Statement – Have a convincing Statement of Purpose, with Brand Esteem, your Moral Methodology Systems and Standard centered organization in all times of your Digital Marketing approaches and prepares.

(x) CIT – (Continuous Improvement Team):

Nonstop Improvement Team a deliberate group from a comparable work fragment sitting reliably to improve a particular cycle, cycle or action

(xi) CAT (Corrective Action Taken): A work pack or Team under the activity of the local manager outlined to deal with a particular issue.

A segment of the Specific 7 Quality Control Tools are according to the accompanying:

STAGE (1) – STRATIFICATION: is portrayed as the show of organizing data, people, and articles into specific social affairs or layers… This data grouping and examination methodology confines the data with the goal that models can be seen and is seen as one of the seven basic quality instruments.

STAGE (2) – TALLY SHEET or Check Sheet is a structure (record) used to assemble data continuously at the region where the data is delivered. The data it gets can be quantitative or emotional. Exactly when the information is quantitative, the check sheet is sometimes called a tally sheet.

STAGE (3) – HISTOGRAM: It resembles a Bar Chart, anyway a Histogram bundles numbers into ranges.The height of each bar shows the quantity of fall into each span. Likewise, you pick what scopes to use! Model: Height of Olive Trees

STAGE (4) – PARETO ANALYSIS: is a regular strategy supportive where various potential diagrams are weighing for thought. Essentially, the issue solver assesses the favorable position passed on by every action, by then picks probably the best exercises that pass on a total bit of leeway reasonably close to the maximal possible one.

STAGE (5) – Cause and Effect Diagram: Ishikawa diagrams are causal graphs made by Kaoru Ishikawa that show the possible explanations behind a specific event. Typical occupations of the Ishikawa plot are thing plan and quality flaw expectation to recognize potential factors causing an overall effect.

STAGE (6) – Scatter Diagram: A disperse plot is such a plot or mathematical framework using Cartesian bearings to show regards for regularly two elements for a lot of data. If the centers are coded, one additional factor can be appeared.

STAGE (7) – Control Chart: A Control Chart shows how a cycle varies after some time, while perceiving uncommon explanations behind assortment and changes in execution. Like a run diagram, it fuses quantifiably made Upper and Lower Control Limits.

Watch the Benchmarking by Robert C Camp on YouTube for more details.

[Source / Reference: Dr. D. D. Sharma (Total Quality Management – Principle, Practices & Cases)

Earned Revenue – The Most Important Source of Income For Nonprofits

Especially in the current economy, if you manage a nonprofit, I highly encourage you to diversify your revenue sources. If you plan to stay solvent, you don’t want to over-rely on any one source of income. Having multiple streams of revenue will increase the likelihood that your business will sustain over the long term.

A common misconception about nonprofits is that they can’t and shouldn’t make a profit. This is totally untrue. A nonprofit is a business and it should make a profit. It is unfortunate that the majority of people who start nonprofits don’t fully understand how to develop a nonprofit business model that generates sufficient revenue to make a profit. It’s fairly simple, you create a product and you sell it.

Let’s look at some real life examples so you have a better idea of what I’m talking about. The Quicksilver Track Club is an elite track and field training program that works with at risk youth. Their mission is to train kids, build their athletic ability so they can get college scholarships. As you can see if you visit the website, the registration fee is $235 per year. The program is not free. Yes, they’re serving economically disadvantaged kids, but it costs money to deliver this service. Far too many people who start nonprofits want to give their services away for free and you just can’t operate a business without revenue. And without a clear understanding of this basic concept, you cannot build a successful nonprofit.

Another earned revenue option is the sale of tangible products. The American Cancer Society has mastered the art of selling products. On their website you can purchase jewelry, shirts, jackets, watches, and a myriad of other wares. They have a crystal beads bracelet that sells for $18.99. If they sell 1,000 of these in one month, they’ve generated $19,000.00. Their tote product sells for $12.99. Again, selling 1,000 of these will generate $13,000.00. At the time I wrote this article they reported on their website that they raised $58 million dollars through their various fundraisers and sale of products.

Making A Way Housing, Inc. earns the majority of its revenues through the rental of real estate. The organization’s core activity is providing affordable housing for homeless persons and those undergoing treatment for alcohol and substance abuse. The residents pay rent that is subsidized by grants. Rental fees are not market rate, but they’re not free either. They have 70 two-bedroom units. Each unit is occupied by two residents who may pay between $100-350 per month. At these occupancy rates, they can generate between $14,000 and $49,000 per month.

I like to use the illustration of the pie chart. A pie has multiple slices. For the nonprofit, each slice represents a revenue source. I propose that the most important and the largest slice of any nonprofit’s revenue pie should be earned revenue. The wise person is the one who develops their nonprofit business model with earned revenue as the cornerstone.

Increase Business Revenue With an Innovation Strategy

Innovation provides many ways to increase revenue in your business. A properly managed innovation strategy can increase sales of products or services. An increase in sales can result from new products or services, as well as the introduction of new features for existing products or services.

Increased business revenue can result from:

New customers that are attracted to your innovative products or new product features. These new customers may also purchase other products and services from your company.
Existing customers who purchase your new products in addition to the products they previously purchased. This situation builds stronger customer relationships while expanding product sales.
Existing customers who begin purchasing more frequently due to the new product innovations. Your new product features may cause existing customers to consume more products, or buy more of your products as “replacements” for products previously purchased from a competitor.

Promote your business as an “innovator” and show the market how your products offer unique benefits. Look for new product features that have the potential to become the “must have” features in your market. Tell people why these new product features are so valuable – give examples. Establishing yourself as an innovator in your market builds your customer loyalty and produces valuable word-of-mouth advertising.

Let’s consider an example. In a particular market, certain individuals have not purchased a particular type of electronic device due to perceived problems or confusion with operating the device. However, when a version of the device with an innovative user interface is developed by a new company, these individuals purchase the product from the new company due to the ease of use. This new device with the new user interface performs the same basic function as other devices in the market, but the “must have” feature is the easy-to-use interface. In this example, the innovative product brings new customers into the market and increased revenue for that company.

When developing an Innovation Plan, be sure to consider opportunities to increase business revenue with both existing customers and new customers. Also, consider how innovative products (and product features) can attract new customers who have not previously purchased products in your market. Implementing new product features that satisfy unmet needs in the market is a great way to increase sales.

Multiple Revenue Streams Keep A Solopreneur Solvent

To build a successful career as a Solopreneur consultant requires courage, resilience, possession of marketable skills and relationships with people who are willing and able to refer or endorse you for paid project assignments. Solopreneur consultants must have a talent for selling, the discipline to create and pursue business goals, a knack for big picture thinking and implementing strategies and an understanding of human nature and motivation. The ability to attract good luck and dodge bad luck helps, too.

Precious few Solopreneurs are able to just “go to the office” everyday and delve into the usual work. In order to generate the preferred amount of business revenue, we understand that creating multiple revenue streams may be necessary and to make that possible, we must recognize the marketability of our skill sets, in aggregate and in segments. As well, we must learn to package, promote and sell our skills and value to prospective clients.

Consider my revenue streams, for example. When asked, in my short form elevator pitch I say that I’m a self-employed external consultant who provides business strategy and marketing solutions to mid-size for-profit and not-for-profit organizations. What that means in reality is that I’ve facilitated strategic planning meetings at not-for-profit organizations; edited a 100 page nonfiction book and also served as its photo editor and project manager; developed curriculum for a series of 90 minute sales skills training workshops; and periodically I teach business plan writing.

I’ve been fortunate enough to regularly win business strategy development or marketing campaign assignments, but the fact is that there are often gaps and in response, I’ve learned to branch out and offer segments of my skill set to clients or employers as a way to maintain my required cash-flow and, whenever possible, also enhance my brand. In my experience, it’s the ability to leverage one’s perhaps infrequently promoted competencies that help Solopreneurs to create and sustain a profitable business venture.

My friend Adela is a busy educational consultant who works with college bound high school juniors and their parents to identify suitable colleges for the student and navigate the application process. Adela’s business appears to be thriving, yet she nevertheless teaches Spanish at a local university (she was born and raised in Mexico and came to the U.S. to attend Notre Dame University).

Jackie, a friend of many years, is the founder and manager of a small, full-service fitness center that became very successful in that highly competitive market, yet she teaches a fitness class at another gym a few miles away. Why? Because she gets to observe another style of fitness center management from the inside, she receives training in new fitness techniques that she can evaluate for inclusion in her own gym and she earns a few extra dollars each week, something that a mother of four can always use. Sometimes you can get paid to research the competition!

My friend Carole toggles between freelance marketing gigs at technology companies and corporate positions in that sector. She’s a Lotus alumna who’s also worked for tech giant EMC, distinctions that command respect and open doors in the tech industry. In between corporate gigs, Carole goes out on her own to develop marketing strategies for tech start-ups. A couple of years ago, she was offered a position as director of marketing at one of those start-ups, but when the inevitable reorganization occurs, she’ll re-enter Solopreneur life.

So, Solopreneur friend, I invite you to put on your thinking cap and brainstorm how you can create additional revenue streams by exploring how certain segments of your skill set can be packaged and promoted to current and prospective clients!

Thanks for reading,

Kim

Is Google AdSense Your Only Revenue Source?

Is Google AdSense your only source of internet income? If your answer is yes, you should look more sources of revenue stream. If you intend to apply more than one Google AdSense account, think twice if you have such intention. Your AdSense accounts will likely to get banned. Yes, this is a true fact. I know you hate to read every word on their terms of service, including myself. However, when you have a multiple AdSense accounts are suspected to be misused, not only your account, all your earning through Google AdSense will be forfeited too. This will not happen immediately but will happen over time. So use your AdSense with caution.

But what happen if your AdSense accounted is being suspended? With today’s Google stringent AdSense application criteria, it will take a lot of effort to recover your AdSense account back.

Alternatively, you can buy a Google AdSense account via AdSenseG. However, there is no 100% guarantee you can get an account even you willing to pay for it, unless your application is able to meet their review criteria. At least, you must have a good business website to submit your application for review.

Here is a little secret way where you can try to apply an AdSense account absolutely free. It’s easy and free and you don’t even need a blogger blog.

Step 1: Sign up with Indyarocks

Step 2: Complete the minimum requirements through Indyarocks with AdSense application. (i.e. you have to upload at least 10 photos and fill 50% of profile information and so on.)

This site is a social media site from India. It may look award for you to join into the site if you are not from India, however, if you still having a hard time to apply an AdSense account, it is worth to try this alternative way out to see if this works for you. As long you don’t give up, you will find a way.

If you are serious to earn money online, Google AdSense is one of the many earning channels you can use on internet marketing. You will face many obstacles on the journey of internet marketing, especially for a newbie in this field. Walk away is not an option. If you choose to face your obstacles, you are likely to achieve success on internet marketing.

What make internet marketing turn out to be successful is to figure out a system that will work. Find a way that a human can easily to do it as possible and then figuring out how to do it. Repeat the same process of the system and turning the web traffic into money.

Before starting an online business, sit down and take a look at your business. Make sure you don’t fall into the trap that will turn you fat and lazy. One important thing to take note, make sure you are not getting most of your traffic or leads from one source. If your only source of traffic fails, your business will not able to generate income for you.

This also implies to your income source. Let’s say, if your Google AdSense is the only source of income generator, and it has been suspended by Google, there will be no other avenue to replace your current AdSense revenue. Does this make sense to you?