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- Your Daily Dose Of Knowledge! November 9, 2024 - #193
Your Daily Dose Of Knowledge! November 9, 2024 - #193
Today's New Post - Real Estate - Stock Market - Start Your Business - Boost Your Knowledge - More
Welcome Back,
Hi there, Welcome back to The Wealth Wagon, I hope your glad it’s Saturday. Today we will be delving into our newest topic, The Business Builder. In this section we will go into all of the most important things you need to know to run a successful business. Enjoy!
P.S. We love hearing from you guys so if theres anything were missing please let us know!
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The Business Builder
Today’s Startup Spotlight:
Trendify is a new app designed to help small businesses stay ahead by identifying emerging consumer trends. This startup uses predictive analytics to help shop owners stock trending products before they become mainstream, which can boost profits and streamline inventory. Trendify has already attracted over 20,000 small business owners in its beta phase, demonstrating strong demand for trend-predicting tools. Here’s what you need to know if you’re considering a similar idea:
$1.5 trillion e-commerce market: Significant room for growth and profitability.
30% market saturation: Lower competition, especially for niche predictive tools.
Estimated startup cost: Around $100,000 for app development and initial marketing.
Startup Score of: 6/10
Growth Hacks
Leverage Customer Feedback Loops:
Customers are a goldmine for improvement ideas. Ask for feedback, analyze it, and implement changes to align with customer needs.
Create surveys after purchases
Engage with reviews (both good and bad)
Example: Implement a quick, post-sale survey offering a discount code for participation
Consistent online presence keeps your brand top of mind. Scheduling posts saves time and ensures you don’t miss peak hours.
Use tools like Hootsuite or Buffer
Plan content around holidays or events
Example: Set up three months of posts in one day to free up time for other tasks
Key Tip For Business
Sales Masterclass
Sell Benefits, Not Features
People buy solutions to problems. Instead of listing product features, focus on how they solve specific issues.Example: A $20 waterproof phone case is good; “Never worry about water damage again!” is better.
Scarcity and Urgency
Limited availability drives action. Try time-sensitive offers to create urgency.“Only 10 units left!” or “Sale ends in 24 hours!” pushes customers to act.
Personalization Matters
Custom messaging can increase sales by up to 20%. Tailor your pitch to each client’s specific needs.Example: Instead of saying, “This software is fast,” try “This will save you 5 hours every week.”
This Smart Home Company Hit $10 Million in Revenue—and It’s Just the Beginning
No, it’s not Ring or Nest—it’s RYSE, the company redefining smart home innovation, and you can invest for just $1.75 per share.
RYSE’s patented SmartShades are transforming how people control their window shades—offering seamless automation without costly replacements. With 10 fully granted patents and a pivotal Amazon court judgment safeguarding their technology, RYSE has established itself as a market leader in an industry projected to grow 23% annually.
This year, RYSE surpassed $10 million in total revenue, expanded to 127 Best Buy locations, and experienced explosive 200% month-over-month growth. With partnerships in progress with major retailers like Lowe’s and Home Depot, they’re set for even bigger milestones, including international expansion and new product launches.
This is your last chance to invest at the current share price before their next stage of growth drives even greater demand.
*Partner
Business Marketing 101
Build a Referral Program:
Encourage existing customers to refer new ones by offering incentives like discounts or rewards. Referrals bring in customers who are more likely to trust your brand, often leading to higher retention.
Outcome: Increases customer base without extensive marketing costs.
Content Marketing:
Sharing valuable content through blogs, videos, or social media helps build brand trust and engagement. 70% of consumers prefer buying from companies that offer helpful information regularly.
Outcome: Builds authority and keeps potential customers engaged until they’re ready to purchase.
Targeted Ads:
Advertising on platforms like Facebook or Google helps you reach your ideal audience based on age, location, interests, and more.
Outcome: Maximizes ad spend efficiency, ensuring you’re only targeting people who are likely to buy.
The Real Deal: Myth busting
Myth: Real estate investment is only for those with high capital. (False)
Many investors start small with single units or through partnerships, making real estate accessible at various investment levels.Myth: All property values increase over time. (False)
While many areas appreciate, some markets fluctuate based on economic conditions, location, and property type.Myth: Investing in a new business guarantees financial freedom. (True, but only partially)
Starting a business can lead to financial success, but it requires careful planning, market knowledge, and ongoing effort. Success isn’t guaranteed, and many businesses face challenges that impact profitability.
Key Takeaways:
The e-commerce trend market is hot but under-saturated, making it a ripe opportunity if you’re early.
Customer feedback and social media automation can fuel your business growth.
Understanding break-even points is essential for financial clarity.
Sell benefits, create urgency, and personalize your sales approach to boost conversions.
Marketing should be a blend of referral programs, content, and targeted ads.
Don’t believe every business “truth”—many common beliefs, like needing huge capital, are myths.
That’s All For Today
I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.
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