You Got To Sell It !

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It’s important for both parties to know that when goods are sold, what are the price of the item and the timing of the payment. It’s also good to know what are the stipulations if any that apply to the return of merchandise. Different companies quote their prices by using different methods. A lot of merchants will generally quote the price that they will like to sell it. On the other hand, some merchants such as manufacturers or wholesalers will usually quote their prices as a percentage of their catalogue prices, generally around 30 percent or more, and this reduction I known as a trade discount. For example, if something is listed as $1,500 with a trade discount of 30 percent or $450 then the seller writes the sell as $1050, and the buyer records it as $1050. From there the seller can raise or lower the price depending on the quantity that is being sold. The terms of sales are usually on the sale invoice and tell the type of terms to the agreement. In a lot of industries the payment is expected within a short time of the purchase. If it’s for 15 days then the invoice will have “n/15” (net 15) or “n/20” (net 20) which means that the amount is due 15 or 20 days later. In most industries a discount is usually offered for an early payment. This type of discount is called a sale discount which has the purposes for increasing a seller liquidy by reducing the amount of money associated with accounts receivable. An invoice with a discount may look like “3/10, n/20,” which that the purchaser can pay within 20 days and receive a 30 percent discount, or they can pay within twenty days and pay the full price for it. If you have noticed, the amount of discounts have been decreasing because one, its quite expensive to the seller, and two, to the customer it appears that they are not receiving a bargain even though they may. In some industries it is expected for the seller to pay for some charges, and others it may not. One example is in the freight industry. FOB shipping point basically means that the buyer is paying for all of the shipping expenses. So if you purchase something heavy and the sales agreement says FOB then that means that you are responsible for the shipping charges. However, FOB destination is the opposite and means that the seller pays the shipping or transportation expenses once it is delivered. A lot of retailers will give buyers the opportunity to charge the shipping expenses to dome type of third part service. The five most used credit cards are:

American Express
Visa
Discovery Card
Diners Club
MasterCard

The customer is given credit by the lender or credit card issuer, and receives a shiny plastic card to charge their purchases to. Once the seller accepts the card, the invoice is automatically prepared and the seller receives money into their account. If the seller is offering a discount, the discount is recorded as an expense to the seller. Let’s not forget that the seller’s merchant also deducts money for each transaction, and that money that is deducted is also recorded as an expense. Let’s not forget that you also have something that is known as freight in, also called transportation in. this is the shipping costs that are associated with receiving particular merchandise, and is generally included with the cost of goods sold. A lot of companies like to include the cost of freight in with the cost of the merchandise, because it is a relatively small amount of money. Sometimes the buyer is expected to pay the freight in and it is reported as an increase in the accounts payable. Also, if the seller experienced a return because of the wrong item shipped, or for a damaged/low quality product, then the buyer may be granted a refund for cash or for credit back to their account. The returned purchased is deleted from the merchandise inventory account under the perpetual system. Sometimes sellers will pay the delivery or the freight out costs hoping that it will increase their sales. These expenses are gathered in the freight out expense, or commonly known as delivery expense. This is viewed as a selling expense on the income statement. When a customer is dissatisfied with a product, they will usually return it and these costs are gathered in the sales returns and allowances account which gives the management a more flexible estimate of what products to keep and which ones to discard of. This account deducts sales from the income statement. A merchandising company can have inaccurate records as well as experiencing a huge loss profits if they don’t have reliable accounting records. The management is the one I charge for making the system for internal control. Internal control is the policies that a management puts to action to make sure that the financial information is reliable. This is the process that the management takes to protect their assets. It also confirms that the employees have conformed to legal requirements so that they will do the best job possibly for the company. Since the managers are the ones in charged of the structure of a business they must report their goals and progress to the “Report Management” of a company’s annual report to stockholders. To be successful with internal control, management uses five parts of internal control. They are: Control environment, risk assessment, information and communication, control activities, and monitoring. Control environment deals with the overall attitude, and actions of a management system. It also includes the management ethics, integrity, and philosophy. The employees must also be properly trained and very knowledgeable in the field their participating in. The risk assessment is the analysis of the risk of an environment and how to monitor them. These include screening out thieves in a retail store, or employees that are likely to steal from a company. Next, information and communication correlates to the accounting system by establishing management, and reporting a company’s transactions. Control activities are the restraints that management puts in place to make sure that instructions are properly carried out. Last, monitoring involves the periodic assessment to make sure that all policies are enforced.

"The Profit Pulr"

Website Blunders Gauranteed To Send Your Visitors Elsewhere!

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When you build your website you need to have a plan first. The reason for this is if you do not have a plan you will likely make mistakes, forget to include information, and overall have an unorganized and not a well thought out page. While you might read the page and completely understand everything, remember that your website visitor did not design the page and needs a little more direction. Read the following 10 website blunders that are common and will make your visitors head to another site quickly.

Blunder #1 Contact Information

You need to provide your contact information, phone numbers, e-mail addresses, and physical address if important. The reason for this is if a potential customer wants to contact you for whatever reason they can!

Blunder #2 Poor Organization

Make sure your website is well organized and that all links are obvious. You should even use subheadings to make it even more clear where information is. You don’t want to have to make people search.

Blunder #3 Checkout

Make the checkout process straightforward and easy. Too many times people get to the checkout and it is difficult, asks for a lot of unnecessary information, and generally takes longer than the customer wants to spend buying the product. As a result, the potential customer leaves your site to buy elsewhere. Don’t let this happen to you, make your checkout fast and easy!

Blunder #4 Typos

If your website has typographical errors, it will be noticed by your visitors. Many people consider this a sign of a novice, not a professional who is in business trying to make a living. If your website is full of typos, people are not going to believe that you take your site seriously and as a result they won’t either.

Blunder #5 Hidden Information

Do not hide information. You as a webmaster might not think the information is hidden, but if it is not readily visible it might as well be hidden. Make all information obvious and easy to find.

Blunder #6 Personal Information

Do not ask for personal information, and if you do explain why and do not make it mandatory. Many times people will want to buy your product and get to the checkout page only to have to answer lots of personal questions first. This will send people to other less interrogative pages.

Blunder #7 Too Many Forms

Keep it simple. If you are asking for memberships, checkouts, or anything that requires information, do not use a lot of forms. Figure out what questions you really need to ask and keep it short and sweet.

Blunder #8 You, not We

Focus on your customers, their needs, and what you can do for them. Your customer is not going to your page to find out about you, but what you can do for them. Remember this and if you have to put a web history about yourself, then do so in a special section where people can opt to read it.

Blunder #9 Help People Make a Decision

People might not know what they want when they go to your website. So, lead them, make suggestions about products, and provide backgrounds and uses for different products.

Blunder #10 Focus

Make sure the focus of your site is obvious and clear from the first page of your site and throughout.

Home Business Opportunity

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As soon as you talk about home business opportunities, your mind veers towards the Internet. The Internet unfortunately is full of people who carry out fraudulent business and these people simply rob you of all your money, leaving you empty-handed. When you consider starting your own home business, this would be the safest way to get going. Look at your core competence areas. Things which you are good at or have a special knack of doing. These skills can be of great use in your working from home. Business success can be achieved if you are completely dedicated to something.

Every success has a price tag, even home business. If you want to taste business success, regularly improve your skills and understanding. The Internet is not only about scams. It is in fact an asset for those seeking information and advice on business opportunities. Some of the home business opportunity ideas presented below might turn out to be rewarding and worth trying.

Has the idea of becoming an Internet researcher occurred to you? If you are comfortable with the search engines and like gathering information, this could be a lucrative home business idea. Several companies rely on the data available on the net. This information can be provided by you. If you present the requisite information then the companies are willing to offer you good money.

You could also start a resume writing service. This is a good home business opportunity if your writing abilities are up to the task. Not many people have the time, inclination or the right writing skills to write a good CV. You ought to think of starting a part time business to begin with which has a limited budget. Then it can grow to be lucrative and large. Job seekers want to beat other contenders with a brilliant CV. This is where you offer your expertise. You can access tons of information on writing as well as CV writing from the Internet.

The answering service is the third home business opportunity idea which could be a feasible option. Did you know that there are many small enterprises that are on the look out for outsourcing their answering services? While this saves them time, it helps you make some good money! You understand what I am trying to say when you think of the irritation of the caller when asked to speak to an answer phone. The only thing needed is a special telephone line. Otherwise it is very easy to run with low overheads. If you decide to follow this route, then do not overlook the customer service part of it. It must be friendly and warm. Whichever way you settle on, do not forget this enormous and free source called the Internet. Instead of falling for the several scams, use the Internet to your maximum advantage.

"Home Business Opportunity"

Building Money Earning Mailing Lists

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If you do not give reason to come back and revisit your website, the average person will not repeat their visit. Many websites are visited through chance, after all, and that means it is easy to forget where we have been during a day\'s worth of surfing. You might have great traffic, but if 1,000 visitors visit your website and never return, you lose an astonishing amount of potential revenue. You could have converted a fraction of the visitors into your customers. The bottom line is that your visitor may not come back to your website again unless you convince them to join your mailing list!

If you want customers to visit your site again, you will have to give them a better incentive than simply offering good and unique content. On the other hand, getting visitors to your website to sign up to your mailing list will. Though many visitors may not make a purchase on your website, they will still consider signing up for you mailing list if you have a simple opt-in. Though they vary, your opt-in form should ask for the visitor\'s email address and name.

If your visitor signs up to be on your mailing list, you can continue to follow up with him or her through email. You should use these as a tool to attempt to get the visitor to consider your product again, or to attempt to get them to consider a new product. Increasing your potential customers is the goal, and that goal can be achieved through getting as many subscribers as you can.

One way to build your list is to write articles. Proving yourself as an expert in your field, you could write and submit these articles to online article directories. IT is not hard to employ viral marketing tools through the writing of articles. Ultimately, you want to use the articles to show how much you know about your business and its field.

The resource box you attach to your articles can build your mailing list. A good website owner uses this resource box as a place to market their skills and the URL of their site. As the point of the article was to get more subscribers to your mailing list, your URL should point to the landing page where new visitors can subscribe to the mailing list. As long as you write a decent article, the publishers of the online directors will approve it and republish your article - along with its helpful resource box. As a result, you have a successful viral marketing without much effort on your part. Always including the important details about your website with the article writing is an essential step in making this work.

"Building Money Earning Mailing Lists"