Answer Review :: Haq Hai | Business Coaching in India | IILD

Q. i want to start export business. there is a problem. how to get genunine buyers.

: s.saidulu | : 2018-05-25 | : exportbusinessbuyers

Reveal Answer

The credit ratings and star status of overseas buyers in their country will help understand the payment capacity in exports business.

Further export proceeds can be secure by executing the export consignment under LC route where the payment is secured throught banking channel.

Q. How can IILD help me?

: Amit jain | : 2018-01-30 | : BusinessCoachingBusinessConsultingGrowthProfitIncreasesales

Reveal Answer

IILD can help you take your business to the next level. Right from defining the vision, mission, and values of your company to assisting you in setting up the standard policies and compliances, we can help you out with almost every business aspect. Most importantly, we give you a revenue-growth guarantee in writing before you enroll in our training program.

Till date, we have trained more than 8500 entrepreneurs and have received amazing feedback for having assisted them in boosting their business-revenue.

In case you want to know in detail about our products, you can get in touch with our team at the time of your convenience.

Q. How can i stand out from competition

: P Kumar | : 2018-01-15 | : competitionstandoutstrategycustomeracquisition

Reveal Answer

Standing out from your competition is critical to your company’s success. While most people understand the concept, far too many businesses fail to put it into practice

Deliver extraordinary service.

Think about how you can offer extremely extraordinary service that goes far beyond what your competitors are doing.

Address customer pain points. 

If you want to win customers over, a great way to do that is to alleviate their pain. 

Do business differently than your competitors.

If you want to stand out from your competitors, it pays to do business differently than they do. Finding and exploiting holes in their business model is a great way to set your company apart.

Create a cause marketing effort.

cause marketing is the idea of creating a partnership or relationship with a non-profit or cause. The idea is that the business lends its time, money and expertise to help promote the non-profit. This support helps the non-profit and the business also benefits by being affiliated with a worthy cause.

You can do this on a smaller, local level too.

Surprise and delight your customers.

Sometimes the smallest things can make the biggest impact, you’ll stand out and create raving fans.

There are plenty of additional ways your company can stand out – you can deliver extreme value, give something valuable away for free, create a unique partnership or build powerful communities.

Q. We are product designers, As a product design consultant, we are facing the problem in deciding the fees and fees negotiation.

: NAVEEN PATIDAR | : 2018-01-09 | : PricingNegotiation

Reveal Answer

Deciding the fees and negotiating on the same can be a tedious task. Generally, the cost is defined based on two conditions:

Entry Strategy

Imagine you are planning to get onboard a renowned client, which is most likely to elevate your brand recognition. In this case, you need to set up a cost with a low profit. When setting up the cost, you need to consider 3 primary factors:

  • Time to be invested
  • Money to be invested
  • Resources (Manpower)

The profit amount should be added to the amount to be invested in the above-mentioned 3 factors.

Turnkey Project

In this case, you are an already established brand. So, you are in a good position to demand a profit as high as 50 to 100% percent. The 3 factors to be considered remain the same as those to be considered when opting for an Entry Strategy.

Q. Can I expand my business with 5 % of gross margin.

: Amit jain | : 2017-12-24 | : BusinessgrowthAccountReceivables

Reveal Answer

Yes, you can

1. If the Indirect expense is not high, you can expect a margin up to 2-3 %

2. For a volume-based business, if you wish to earn 2-3 crore, then you need to focus on doing a business of at least 100 crores.

3. You highly need to take care of Account Receivables, it has to be on time or before time, have a proper follow-up mechanism on AR.

Upcoming Questions

Q. I have a very low margin business .wholesale and retail of rubber sheets ..just %5 margin in wholesale and max 15 % in retail...How can i improve on my business .

Q. I would like to know how can u help to increase our business.

Q. How to improve Human Resource?

Q. My inventory is more than my sales, how can i make my sales equivalent to inventory

Q. How can i hire the right people in my business?

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