WAHM Perth Business Blog

Perth Business Inquiry

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If you already have a business idea, keep in mind that it is not enough even if you believe your idea is so brilliant. You still need some other things in order to get yourself set up and open. You need to know what it is going to take in order to get what you need and you need to know how to find startup financing for your small business.

Nowadays, especially in Australia, there are options you can consider and it might take a combination of options. If you are finding an institution to finance your small business, you talk to your bank and see what it is going to take for you to get the money you need in order to get your business up and going. They might be able to cover all the money you need or just a portion. Regardless, you need to find out what your bank can do for you because they are going to be one of the most forgiving lenders and helpful lenders for you.

While banks are the most common sources of fund, another way to get start up financing for small businesses is to use private investment groups. These are usually called angel investors and they are out there.

There are many other ways to fund your small business. Read this blog post for more details: https://www.inc.com/guides/2010/07/how-to-finance-your-business.html

Resulta ng larawan para sa web traffic

We are living in digital age. Everyone seems to be hooked with the internet – we all look for information about everything from the World Wide Web. In some instances, we surf the internet ourselves to entertain ourselves when we get bored. On the other hand, there are some who wants to share an idea, or even a product or service. This can be best done when you build your own website.

When one builds a website, whether for business or personal use, the primary objective is to generate as much traffic to your website as possible. If you have a business website, then traffic is something that can be converted to business and the more traffic your website gets, the better the chances of increasing your business.

There are a number of legitimate ways in which you can increase your website traffic, but there are also illegitimate ways as well. Opting for illegitimate ways is not a good option as it can spoil the reputation of the website if caught and therefore opting for the many legitimate ways to generate traffic is what you need to look at. There are many creative ideas that you can use to increase website traffic and while some are free, some will cost you money.

Here are some ways to increase website traffic: http://digitalbusiness.gov.au/marketing-tips/increasing-website-traffic

Many businesses have found success in viral marketing; they have earned a big number of loyal returning customers, and generated a lot of sales. What is the concept of viral marketing?

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Word-of-mouth marketing is the forefather of viral marketing. It has been around for ages. The principle behind word-of-mouth marketing is simple; use influencers to generate peer-to-peer product recommendations or buzz. However, this form of marketing was too disjointed to effectively benefit most advertisers.

Due to the lack of widespread social networks and the World Wide Web, the effect of word-of-mouth was largely contained to specific geographic areas simply. Word-of- mouth was generally limited by the ability of the influencer to physically speak to another prospective customer, hence the term “word-of-mouth”.

When the internet began to rise, it has radically changed the concept of word-of-mouth, so much so that the term “viral marketing” was coined. One of the main advantages of viral marketing is that it doesn’t require a product with a wow factor in order to raise awareness, generate buzz, and kick-start peer-to-peer spread. Instead, the viral campaign’s communication agent is the element that needs a wow factor or element of interest.

To learn more about how viral marketing can help you achieve your business goals, read the article about a Newcastle man who used viral marketing to generate a pretty profit.

Read the full story by clicking this: http://www.smh.com.au/small-business/smallbiz-marketing/contagious-profit-how-viral-marketing-made-this-newcastle-man-a-pretty-profit-20161012-gs161z.html

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For extra income, many people decide to rent their real estate investment. However, people do not think about who will help with the rental property management. For some who are not living near their residential rental property or who do not have the time, decide to consider hiring a property manager to ensure everything runs smoothly.

Aside from finding someone who will be helping you manage your own residential rental property, there are a number of things you need to consider. One of the cornerstones of being a successful property investor is being able to keep a firm finger on what is happening with your residential property.

Another factor to consider is the rules and regulations implemented by the authorities. When it comes to keeping track on how your rental property operates, insurance companies take charge and failure to do so can result in not having your claims paid if they arise. It is recommended that you scour the fine print of your insurance policy just to see what they expect of you.

In addition to that, it is very important for landlords nowadays to be vigilant by watching over our investments so that our property will not be used for crimes such as drug production, child slavery, etc.

Learn more about investing in residential rental property from Australian Taxation Office: https://www.ato.gov.au/General/property/residential-rental-properties

Borrowing to invest is also known as “gearing” or “leveraging.” It is simply the borrowing of money to buy investments with the purpose of increasing wealth. Today, this strategy has become so popular and most people have engaged in a very common form of leveraging by buying a house. When you use someone else’s money to purchase an investment like a house you are leveraging.

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Borrowing to Invest

If you invest in the traditional manner, you designate a portion of your income each month to purchase investment. Eventually, your portfolio will grow over a long period of time. On the other hand, the concept of borrowing is to invest or leveraging borrowing money to make one large single deposit. You still use a portion of your income each month but now you are paying interest on your new investment loan.

There is a lot to consider when deciding if you want to borrow to invest or leverage your investments. This strategy is risky and is certainly not for everyone. However, if you qualify for this type of investing you can increase your gains over the long-term.

To find out if you are capable and qualified for leveraging strategy, check out this article from Australian Securities and Exchange Commission: https://www.moneysmart.gov.au/investing/borrowing-to-invest