How To Earn Money Online As A Local Business Consultant
Even if you are just starting to think how you can earn money online, an Internet businesses, like yours, can quickly gain the skills to help businesses local to your home area admin
. Why you should seriously consider this lucrative strategy for a new internet business may not be that clear at first. You may also wonder how to start. I will give you some answers in this article.
If local businesses are getting business from the internet as part of an overall marketing strategy, why not make it your business to earn a share of that marketing budget? Think about why local search helps customers and how you can provide internet marketing services to businesses and start to earn money online for yourself.
Something like 40% or more of searches on Google include some sort of local phrase. People are more likely to search for say “Birmingham Accountants” than just Accountants, if they are local to Birmingham. Customers are changing how they find things, and comparatively few internet marketers have taken advantage of this growing trend in local search. Now is an ideal time to make it your business to help businesses locally, before your competitors steal this opportunity.
Now we have mobile websites and mobile apps. There are more than 3 times as many mobile devices out there as PCs, you can see why developing and selling a simple mobile website might be a smart move. People use internet access to get information and to find local businesses, as soon as they think about it. People no longer need to rummage through local papers and directories to find a product or service. They can easily find what they want and get more information about local business services, including a location map from any device that gets them online.
1. Proper pricing. Because business owners are not trained valuation professionals, sometimes they will seriously underestimate the true value of their business and a sophisticated buyer will get a “steal of a deal” without the seller even realizing the mistake.
Unlike selling real estate, there are many components of a business that you are selling. A business has its F&FE (furniture, fixtures and equipment), inventory, goodwill, non-compete, and also accounts receivable and accounts payable. All of this has to be considered when determining the pricing, not to mention any real estate that might also be included. It is the combination of all these items that composes the final price.
Depending on the industry of your business, there are certain rules of thumb when determining a fair market price. For example, in the insurance industry, it is common to use a factor of the commission. In other industries, it is common to use a factor of the profit or revenues to determine the fair market price. Each industry is different.