| HERE ARE SOME RULES ON HOW TO SUCCEED IN A BUSINESS:
1. Be knowledgeable in your business. This
should be obvious but people do not always do this. For example, a
friend of mine in the past several years has become very successful
in the restaurant business. She opened a restaurant and now has several
successful branches. This level of success in the restaurant business
is very unusual. Although she had thoroughly studied different recipes
and had a clear plan, she also worked in similar restaurants before
starting her own. That is very thorough research and preparation that
few people take the time to do!
2. Business Mission, Concept, and Vision. Whether you are starting
a new company or improving an existing one, it is important to have a business
mission, concept, and vision. You need to define the purpose or mission
of your business. For
example:
-
a)
If you are an astrologer and are very good at it, you may think of
having an astrological counseling business. You can visualize the
kinds of clients that will benefit from your services and the setting
in which they will be comfortable during consultations.
-
b) If
you have a full time job (other than astrology) but love astrology,
and you wish you could have a business related to astrology, you might
think of selling computerized interpretations, astrology books, software,
etc. You may do this while at the same time keeping your current full
time job.
3. Details
Such As Budget, Physical Asset, Location, Etc. After defining what
your mission will be, you will realize that there are additional things
you need to fulfill your specific mission. You may need to learn the
details of how to implement your mission. Gather as much information
as you can before you start. In starting any business, you must have
knowledge and expertise before you get yourself into it. The second
thing to prepare is a list of the physical assets that are required,
such as a computer, office, office equipment, telephone, web site,
advertising budget, etc. The third factor necessary to fulfilling your
specific mission is the location where are you going to operate your
business. Pick a location that allows you to meet the professional
standards that are appropriate for your mission.
- NOTE:
Make sure that you have whatever licenses may be
required in your area to conduct your business. You may contact your
city's business license
office for details before advertising your business.
Different towns have different rules, so it is best to find the rules
and regulations
in your area.
Business licenses are usually not very expensive. A business license
in Gainesville, FL, where I live, for example, costs $50 to $100 a
year. You do not need a lawyer in order to start a business. Simply
ask the local officials for details on how you can start your own
business. They will be more than happy to assist you as long as you
ask specific questions. Be pleasant when you ask questions to get
the answer that you need. Be patient! You may need to make repeated
calls or visit the office in person.
4. Aim
for a vision that you can attain comfortably. Avoid
getting a huge loan to start with. Most people succeed
by starting small and growing slowly.
Be resourceful and creative.
For example:
- You
may think you have no assets at all, but
look around carefully. You may, for example, have the enthusiastic
support of a few friends
and family members.
- You
may be able to figure out a way to start your business from your
home.
- Don't
be afraid to extend yourself a little to get the business moving.
For example, if you are an astrologer and good at it and want to
be successful in helping people, then offer a free reading to your
friends or a free lecture to a community group. If you are good,
your friends will spread the news. Starting this way does not cost
anything but your own time and energy. Some people who are struggling
to get their business to a successful level become almost fanatically
concerned about getting paid for any services they perform. They
feel that "they are worth it" and that they must be paid
handsomely for others to appreciate their service. While this is
true in general, most successful professionals also donate services
regularly in appropriate situations.
- It
is not necessary to
keep records of everyone who expresses an interest in your business.
Doing this is optional and can be helpful in some businesses. Keeping
records of clients is not optional to ensure success. Make sure that
you collect the name, address, phone number and e-mail address of
your clients and save this in your database. It is best that you know
how to use a computer and a word processing program. Once you have
your database collected, you can then notify clients of additional
services if they do not mind being contacted. Keeping in contact will
help you establish a good relationship with your clients. You never
know when contacting a previous client can be helpful for one reason
or another.
5. Advertising. Once
you have all of the above planning done, then you can advertise to
let people know about your services. Advertising can be very costly.
Some of you may think that big, fancy advertisements can catch people's
attention and propel your business to a high level. However, many businesses
have collapsed from over-optimistic and unrealistic expectations from
advertising. If you have very limited financial resources to start
with, it is extremely unlikely that you want to invest in expensive
advertising. Many people succeed by starting with small classified
ads. Classified advertising can be very powerful. Many people go to
classified advertising first before reading other ads. Business experts
typically recommend that about 15% of your income be devoted to advertising. Word of mouth advertising is often the best. In order to become successful
in word of mouth advertising, you must prove that you have the best service
or that you are good at what you are doing.
- Something to
be aware of about space advertising: Don't think that you will get
a response as soon as you put an ad in a newspaper or magazine.
Space advertising does not usually have a positive effect for six
months to one year. Don't be surprise if you do not get a call or
any response for a while.
6. Internet Exposure: It
is good to have your own web site to start with.
You don't have to hire anyone to create your own web site. Hiring
someone to create a web site can be quite costly. If you don't know how
to create a web site, but you do know how to use a word processing program,
it should be easy for you to create one. Creating a web site is similar
to using a word processing program. The software that you will use to create a web site is called a web
development tool or an html editor. Three commonly used programs are
Dreamweaver, FrontPage, and Adobe GoLive. However, you do not need to
purchase one of these programs. This software can be quite costly and
you must be familiar with using a computer before you can use it. You
can start with free software instead.
- The
software that I recommend is Netscape
Composer,
which is part of the Netscape program. You can
download the Netscape program at this web site
address. http://channels.netscape.com/ns/browsers/download.jsp This
address can change any time. If this happens,
you can simply go to www.netscape.net and then
click on the "Download" icon.
- If you are going to use the Netscape Composer, you will also need an FTP program (as explained below). There is only very few FTP programs out there that are free. A good free FTP program that I recommend is the "AceFTP" program.
This program is still free at the time this article is written. If
it is no longer free by the time you read this article, simply search
for "Free FTP program" on your search engine.
Most
of the expensive html editor programs have a feature for uploading
and downloading a file to the host server. The Netscape Composer only
has a feature to upload files to the server but does not have an option
to download files from your host server to your computer. If you decide
to use the Netscape Composer, you will also need an FTP program. FTP
means "File Transfer Protocol". This program is used to upload
and download a file to your Internet Service Provider's (ISP) host
computer. In other words, File Transfer Protocol is a way of transferring
files over the Internet from one computer to another..
With almost any software, start with reading the help
file first before you start using it. Netscape Composer is easier to use
than many of the programs you can purchase. It is not as powerful but can
do everything you need to make a beautiful website. In short, Netscape
Composer is free and is very easy to use, so I highly recommend it. Once you know how to create your own web site, you will need an ISP
(Internet Service Provider) server that will host your web site. There
are large national and international ISP's, like AOL and Earthlink. There
are also small companies in any large town or city that provide the services
you need. These smaller ISP companies are sometimes referred to as local
ISP's. You can either contact a local ISP or use the e-mail provider
that you have now, as most E-mail providers also host web sites. Most
of the e-mail providers give at least free 5 megabytes of hard disk space
to their customers to use for their own web sites. Get the details from
your e-mail service provider about this service. The advantage of using your e-mail service provider to
host your web site is that you don't have to pay extra for them to
host your web site.
The disadvantage of this, however, is that your web
site address usually is similar to this: "http://www.best.com/member/yourname/default.htm". Another term for "web site address" is "URL". URL
is an abbreviation for Uniform Resource Locator. I strongly recommend
having your own web site address, such as http://www.SallySmith.com.
If you want to have your own URL name, you will have to purchase a Domain
name. A “Domain name” is the name corresponding to the numeric
IP (Internet Protocol) address. The word “Domain” is basically
your own “empire,” so to speak, with your own identity. Internet
users access your website using your domain name. To
have your own domain name however, you will need to purchase it from
a domain name host and
pay a yearly fee to keep it. The fee is ranging from
$3.95 to $9.95 a year.
In other words, you will have one monthly and one
yearly payment when you have your own domain name
and your own web site hosted:
To have your own domain name, you pay once a year,
and to host your own web site, you pay monthly. To
host your own web site, you may pay somewhere
in the range of $20 - $50 per month. This fee includes
your own e-mail address. For most people, the additional
cost of paying a monthly fee
to host their web site address and have their own
domain name is well worth it.
A
domain name can be, for example: alicesmith.com, silver.com, etc.
If possible, pick a name that reflects
the nature of your business. Most of the obvious
domain names are already taken. Instead
of having your domain name end with ".com," there are a few
other choices available. If you are an astrological
consultant and your main business is your personal services, you may
wish to use your name
as the website address, such as alicesmith.com. Of
course, you may need to use a middle initial or other variation if your
first choice is already
taken.
I also recommend comparing local ISP services with
the national and international services. Local
ISP services are listed in your phone book. You can also
search online for "ISP xxxx service" (where
xxxx is the name of the city and state of your residence.
Once you have selected an ISP, you can then get your
own Domain Name. To get your own domain name, you simply go to a web
site that provides
the service of giving domain names. There are many
of these websites to choose from and they all provide a similar service.
A web site that
I have used to register a domain name (that is "get" a domain
name) is www.domainname.com. You can also do a search
on the Internet for other websites that provide this service to see if
you can find a
better price for registering your domain name.
Several years ago, the cost for a domain name is usually
about $20 to $35 per year. Now, it is ranging from $3.95 to $9.95 a year.
I will suggest not to pay more than $10 a year for a domain name. You
can also get a discount if you pay for more than one year at one time.
Feel free to ask about this when you register your domain name. Once you have your domain name, notify your ISP provider.
Your ISP server will then connect this domain name with your web site
that is being hosted
on the ISP's computer. You can then ask your ISP server
to create a unique e-mail address for you. For example, if your domain
is "silver.com",
you can ask to have an e-mail address of "info@silver.com" or "yourname@silver.com." 7. Business Ethics. As
the business owner, you must be honest and honorable for the company
to succeed. Ensure that your company displays good character in dealing
with your customers. An honorable business will gain respect and loyalty
from its customers, and loyalty from workers. Every effort should be
made to maintain honesty, have integrity, demonstrate reliability,
and act responsibly. These are the keys to success in running a good
business. The most successful businesses are consistent. If you are
going to have a positive, helpful, constructive business, then you
must strive very hard to operate this way CONSISTENTLY.
Let me give you some guidelines on how you can do this:
- a)
Treat your customers well by making sure that the service that you
promise and advertise is the service that you provide.
- b)
Usually you must apply the motto "the customer is always right",
even when this is not true! It is best to listen attentively to your
customer even if the complaint or suggestion does not at first seem
reasonable. Feedback from customers is very valuable. Sometimes,
even the most negative and obnoxious customer has a very valuable
suggestion hidden in his/her ugly rhetoric.
- Kinds of Astrological Businesses:
There are several kinds of astrology businesses. You can be an
astrological consultant or you can have a business that provides astrological
products or services.
Some of the most common astrological businesses are: (1) Astrological
consultant, (2) teacher of astrology classes, (3) writer of astrology
articles or books, (4) provider of computerized interpretations, (5)
reseller of books, (6) distributor of astrology software, (7) reseller
or maker of products with astrological motifs, such as jewelry, t-shirts,
calendars, etc., (8) provider of facilities for astrology classes and
astrological consultations, typically as part of a metaphysical bookstore.
Of these 8 kinds of astrological businesses, the first 3 require that
you are a competent astrologer. The other 5 astrological businesses
require knowledge of astrology but not professional proficiency. If
you are not a professional astrologer, you can succeed in one of these
businesses. However, you must not give the impression that you are an
astrologer if you are not.
Most people who are successful in an astrological business combine
at least two of the above kinds of services, and some also combine astrology
with non-astrological services.
Running an astrological business but you are not an astrologer: You
can have an astrology business although you are not an astrologer by providing
the goods and services listed below, either in a physical store or an
online store.
a) Sell Astrology Books: Consider selling hard-to-find titles
that astrologers cannot locate elsewhere, or do research to find
out which books are most useful, helpful, and interesting to both
beginning and advanced students, as well as to professional astrologers.
Usually books can be purchased wholesale directly from the publisher
or through a book distributor. Some bookstores prefer to order
from the distributors because it is convenient to order most products
from one or two sources. Other bookstores order directly from the
publisher. The wholesale price of books is typically 40% off the
retail price. Your price, in other words, is typically about 60%
of the retail cost.
b) Sell Astrology Software: Research which software is the
best in the industry. You may discover that certain programs are
best suited to particular clients who have particular needs. It
is best to own a copy of any software that you sell so that you
are familiar with it and can explain its features and capabilities.
You can then help astrologers and students decide which software
to purchase, based on their needs.
Also, when you are familiar with the software that
you are selling, you can give customer support to your software
customers. Customers are often loyal to a software distributor
who provides customer support or gives good advice on which software
is best suited to the customer's needs. Call the software manufacturer
and sign up for a dealership agreement so you can purchase the
software at a wholesale price. Some companies may have limited
availability of distributorships or special requirements for you
to become a distributor.
c) Computerized interpretations and graphic information: Computerized interpretations provide a very different service from
consultations. Consultations are generally more expensive than
computerized interpretations and are designed to enable the client
to make important decisions. A computerized interpretation provides
an objective assessment based solely on the birth data and makes
a nice gift that people often like to give to a friend or family
member without the expense or requirement to schedule a consultation.
Low prices for computerized interpretations work best for most
astrologers and astrology businesses. A price of $10 to $20 for
a natal chart interpretation is about average. High prices typically
reduce sales dramatically, so this lower price range is recommended.
There are exceptions to this rule, however, and there are many
variables that affect what price can be charged. The cost of producing
a computerized report is very low. The cost of paper, ink, time,
cover, etc. may total to only a few dollars. The largest expense
typically is the time to produce the report and mailing costs.
Do not try to make a “killing” on sales of each report.
There are many providers of computerized reports at low prices
and probably you want to be within the standard range of prices.
In addition to computerized interpretations, most software
companies offer various kinds of graphic information printouts
or artistically rendered printouts that can be as useful as interpretations.
A typical example of this is an AstroMap printout, which is available
from most major software companies. Other kinds of graphic printouts
are also available.
Note that if you are not an astrologer, do not claim to be one. When
you get astrology questions, do not pretend that you know the answer.
Simply tell them that you don't know the answer and that you will ask
someone who knows and that you will let them know what you find out.
You can send them the correct answer when you have it in hand.
d) Develop
a relationship with professional astrologers: If you own
a bookstore, you can form a partnership with professional astrologers
by having them provide consultations and classes at your store. You
can either get a commission from the fees that they collect or make
some other reasonable arrangement with the astrologers.
e) Offer
other metaphysical products: necklaces, bracelets,
T-shirts, etc. Offering
small items can enhance your business. Make
sure that you don't overstock these items.
Keep track of how well different items
sell. Some manufacturers will allow you to return
the items if you don't sell them within a month
of so, but most manufacturers will not accept
returns of unsold inventory.
Running an astrological business when you are an astrologer: Some
consultants in astrology as well as other fields
offer flexible payments, depending on the financial
status
of the client. In general, any situation that involves
flexibility will leave some people feeling maltreated
because they did not receive as good a "deal" as
someone else and can result in a lot of haggling
over fees. A simple fee structure for all is best. If
you
want to help the needy, then you can do this on a
voluntary basis separate from your normal consultation
service.
Providing assistance to the needy can be done in
a way that makes it distinct from your normal services.
One
way to accomplish this is to provide it in a different
location.
Consider adding other services to your consultation
service if you do not do so already! Some astrologers find that
giving the client
a computerized reading, an attractive printout
of their chart wheel, a tape of the consultation, or other tangible "goodies" when
they leave the consultation gives the client a
feeling of tremendously increased value. People who receive frequent
astrological consultations
also tend to have at least a mild interest in astrology.
After finding that you are an excellent astrologer via their consultation,
they
will greatly respect any recommendations you have
for learning astrology, astrology books, and astrology software.
You may find that there
is much more that you can do to serve your clients
in addition to providing the consultation.
Consider the possibility of providing books, software, or other
services, or at least be able to refer clients to a good source for
these items. Providing consultations and classes as well as books
and software can be synergistic: each of these services feeds the
other services and enables you to provide everything your astrological
clients want. From a financial point of view, offering books and/or
software can be very profitable.
Another ingredient that you can add to consulting,
teaching, and selling books and software is
writing. You can write articles, books and interpretive reports
for software companies.
Royalty rates for sales of interpretive reports
paid by software companies are typically much higher than
royalty rates paid by publishers
for books.
8.
Form of Payment: There
are common forms of payment: check, cash, and credit
card. If possible, you should accept all 3 methods.
Credit card payment is the most popular,
and I highly recommend that you accept credit cards.
Before the Internet, the only way to accept credit
cards was to become a credit card merchant.
The requirements to become a credit card merchant
usually include a physical store front, a large
volume of credit card business each month,
or both. The alternative to being a credit card merchant
is to use one of the credit card merchant services.
Paypal is a popular service,
and Paypal will set up your account for free. Details
can be found at paypal.com.
Other credit card merchant services that are similar
to payal.com are authorize.net and securenetshop.com
Regarding
payment by check: Most businesses provide their product or
service after checks have cleared when the check comes from an out-of-town
bank or from a customer that the business owners have not met in person.
Ask your bank how long it takes for checks from your customers to clear;
most likely it will be in the range of 5 to 10 work days.
Bounced checks fee from your bank are now very
costly however. I will suggest requesting a money
order or certified check payment to avoid this issue.
Before signing up for a credit card merchant contract, find out the
details and perhaps hidden charges that may be involved. Ask every possible
question that you have in mind, even if you think it is not relevant.
You will be surprised how much information you can get when you ask all
kinds of questions before signing a contract. 9. Dealing with customers: In trying to please all customers,
you may be inclined to get yourself into some situations which
are better avoided. One situation to avoid as much as possible
is giving deals or specials and different treatment to some of
your customers. Always treat everyone the same as you treat others.
The temptation to give special treatment to people is very strong,
but usually the special treatment will go unappreciated and even
cause greater problems. Here are some guidelines for providing
a good service to your clients and customers:
- a)
Answer your phone during business hours. I do
not recommend an answering machine during normal business hours because
the time and cost of
returning these calls can be prohibitive. You
can end up playing telephone tag and talking about nonessentials when
you do reach the person.
Having a person answer the phone on the second
ring is best; if the phone rings 4 or 5 times before you answer it,
the caller may hang
up before you answer or may feel that you are
not interested and motivated to respond to clients.
- • b)
Always answer the phone pleasantly. If the person who is calling has
a complaint, listen carefully to the complaint. Try not to respond
to anger or hostility with hostility. This can be very difficult to
do!
- c)
Probably you will encounter angry customers very
rarely. When you do, it can catch you off guard
and you can be completely unprepared
for it. If callers are angry, do not become "infected" with
their anger. Listen attentively and do not get
embroiled in an argumentative dispute. Just listen
with understanding that they have the problem
and that you need to listen and give the best
answer to calm them down. If you do not involve
yourself with the caller’s current
state of mind during that bad phone call, you
can more easily think of the best way to answer
the caller’s
concerns. Give your caller a chance to talk and
express his/her feelings before you respond.
Make sure that the caller finishes
what he/she is saying so that you
do not interrupt. Take note of issues that he/she
is trying to convey while you are listening. This
way, you don't have to ask what he/she
has said, which can make him/her even more irritated.
It is best that you are ready with the response when
it is your turn to talk. Be prepared
with pen and paper handy when you answer a phone
call.
Dealing with very difficult and unreasonable people
in running a business is the most upsetting customer contact that you
will experience. They will always try to make you feel that all of their
problems are your fault. They will often give unacceptable and irritating
remarks. DO NOT get into their current mood. Keep in mind that they are
frustrated because of a problem, and frustration is not their normal state
of mind. Always think that such customers may be having difficulty in
their own daily life. So listening and understanding where they are coming
from is the best tool to avoid getting embroiled with their current state
of mind.
- d)
Always give your name and ask for the caller’s name so you can
address the person by name during the conversation, thereby making
your conversation more personal.
- e)
Thank them before you hang up the phone.
- f)
Answering letters or e-mails: Answer business e-mail within one business
day (24 hours or by Monday if received after closing time on Friday).
Always answer questions directly and to the point. Read the letter
or e-mail several times if necessary until you fully understand it
before responding.
- g)
If you get a nasty e-mail that makes you feel angry or upset, do not
answer it immediately! Sudden impulse can cause you to respond much
more harshly than you will at a later time. Let it sit for a few hours
and then read it again. If the content still makes you feel angry
after re-reading it, do not respond yet. Let it sit for another day
then read it again until you don't feel angry while reading. By doing
this you can write a very clear, helpful, and direct answer without
becoming embroiled in the negative emotions. Try to write friendly,
respectful, helpful letters. You will very often be surprised that
this "nutcase" becomes much more reasonable and normal if
you respond in this way.
- h) Respect your customers no matter what happened. This way, you get the same treatment from them.
10. Make sure that you have enough savings every month to pay all of your monthly bills. This savings must come from your business profit. Do not get a loan to pay your monthly bills.
If you have a full time job (not in astrology) and yet
you want to have an astrology business, you can start the astrology business
part time. Start small. You can still keep your full time job and at the
same time have a side astrology business. This way, you still have a permanent
income coming in your household. When your astrology business starts to
grow, you can slowly spend less time to your full time job until your own
astrology business can fully support your family. Many failures in businesses
of all kinds come from taking unnecessary risks. You must be willing to
work very hard if you want to be self-employed or the proprietor of a business.
You need to take some risks, but only ones that you can recover from if
you fail, not risks that will destroy your business entirely if you fail. 11. Taxes: This
is very Important. Remember to allocate funds to pay taxes! When first
starting a business, some people overlook the taxes that must be paid.
Social security tax in the USA for employees is double the tax for
self-employed people because you pay both the employer share and employee
share that you have withheld from pay checks. Pay all of the required
taxes. Breaking the law is NOT a good idea! By operating completely
legally and ethically you build a confidence and inner power within
your business that is more valuable than the money saved by evading
regulations. 12. Do not become disheartened by government regulations and requirements. Tangible
property taxes, zoning requirements, restrictions on how you can conduct
your business, required paper work, perhaps the need to hire an accountant
or other professional services, higher prices that businesses pay for
telephone services and other services, etc. can feel overwhelming and
unfair. Some people are surprised to find out that there may be lots
of obstacles to starting or expanding a business. Some regulations
may not be fair or reasonable but it is better to fulfill the requirements
than waste energy trying to change the system. In time you will find
the resources to manage all of these affairs..
Always ask the correct authority about the appropriate
procedures to follow when you are making changes to your business such
as change of location, change of ownership, change of status from sole
proprietorship to a corporation, etc. before making any changes. I
hope that the above information is useful to you. Feel
free to e-mail me with questions that you might have
at kepler@astrosoftware.com attention Fei Cochrane. |