Essentials Of Wholesale Dropshipping Business

Thursday, October 3, 2013

With the proliferation of World Wide Web, the spectrum and method of doing wholesale business has changed drastically over the past few decades. You can now start doing business without having to pre-purchase or stock any goods. All that needs to be done is to merely list products along with descriptions and graphics on the website of a B2B trade portal.

The secret of success lies in finding the right portal that has built its name and is well-known throughout the world of business for its extensive coverage of buyers and sellers. It would also be necessary to display the products of the wholesale business in an attractive manner with all pertinent information, prices, terms of business and graphics.

Basics of Wholesale Dropshipping Business

The essence of Dropshipping business is that you have to do some research and find products that would have a ready market and then find reliable dropshipping suppliers who would supply the goods against your orders promptly and without any complaints from your clients. You can only succeed if you can find saleable products and the relevant suppliers who will not let you down. Having done this exercise and having selected the right online trade portal, the products should be listed on that website in a proper manner.

You can then pass on the orders that are received, to the wholesale suppliers and ensure that the shipment is made on time. The website listing your products will receive the payment from the customer and will pass on the same to you after adjusting its charges. The payment to the wholesale supplier can be made thereafter.

Fighting Competition

It is obvious that since this business appears to be so simple, many people will be in the fray to capture the market. Competition will be fierce and you will have to find innovative means to fight the same for survival. The following tips will help in being successful in combating your competitors.

� The more attractive and informative your description of the product, the greater will be the possibility of impulsive purchases. It is essential that the information provided by you is persuasively descriptive.

� The description should be accompanied with attractive graphics and good quality photos of the products in actual use. It would also be a good idea to provide comparisons with other similar products. This will enable the visitor to the site to compare different products and make up his mind while he is still hooked on to your site. This will also prevent him from browsing and visiting other sites and ultimately it will improve your chances of getting the business.

� Offering a bonus with the product will prove to be very effective. The bonus could be in the form of reports containing interesting information and tips regarding use of the product.

� Once your client enters his credit card information and before the deal is closed, other products can also be recommended. If the wholesale order is for an electronic item, you can recommend related accessories.

Finding Good Wholesale Dropshipping Suppliers

If a reseller wants to have a smooth and profitable business operation, the most important thing is to find a good dropshipper. He will have no problems or hassles regarding delivery of goods, recovery of payments, and maintaining good quality of the products in line with what has been shown to the customer when the order was finalized. A drop-shipping list can provide names, addresses and telephone numbers of hundreds of companies but most of the time, these lists are outdated. As such, it is better to register with a website that has lists of itemized suppliers and make a choice. You can also become a member of wholesalers� forums which will make it possible to get useful information by way of other people�s experiences and recommendations regarding reliable suppliers.

Wholesale dropship directories can also be consulted.

Wholesale dropship business can be profitable if proper research and homework is done in the beginning to find the right product and the right wholesale supplier.

ICD-10 Implementation: An update for physicians and coders

The transition to ICD-10 is much more than a mere increase in codes and field sizes. The descriptions of diagnosis codes in ICD-10 may be very different to what coders are used to seeing and using in ICD-9. Therefore, the complexity in transition is significant and shouldn�t be avoided by medical coders.

An easier and successful transition before October 1, 2013 would require a well planned and efficiently managed implementation process. Although the ICD-10-CM/PCS implementation deadline is two years away, good training plans will ensure a smooth transition for physicians, inpatient and outpatient coders.

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Impacting Inpatient Coders:

The ICD-10-CM/PCS final rule estimates that inpatient coders will need 50 hours of training. In order to ensure a successful transition, inpatient coders must:

� Possess sufficient foundational knowledge of the biomedical sciences (e.g., anatomy, physiology, patho physiology, pharmacology, and medical terminology)

� Learn how to apply ICD-10-CM/PCS codes correctly on inpatient encounters

� Understand how to apply maps and crosswalks between ICD-9-CM and ICD-10-CM/PCS

Impacting Outpatient coders:

Outpatient coders would require approximately 16 hours of effective training in ICD-10-CM/PCS, presuming that coders already has the necessary knowledge in biomedical sciences. Other requirements are same as inpatient coders.

Medical coders need to adhere to the stipulated timeline for the various steps of ICD-9 to ICD-10 transition. Though the first phase is already over, the coders can still take assistance from various online resources and webinars conducted by AMA, AAPC, AAHIMA, and many other associations to get the requisite training and prepare for the transition process. Proper training and guidance in using use ICD- 10 will help coders to remain abreast with the changing industry norms and play a vital role in the implementation process for their employers and clients.

Physicians should keep track of the envisaged timeline for implementation of ICD-10 and prepare their clinic for smooth transition through its various phases:

Phase 1: Implementation plan development and impact assessment (first quarter 2009 to second quarter 2011)

Phase 2: Implementation preparation (first quarter 2011 to second quarter 2013)

Phase 3: �Go live� preparation (first quarter 2013 to third quarter 2013)

Phase 4: follow-up post-implementation (fourth quarter 2013 to fourth quarter 2014)

Physicians should also ensure training for in-house coders, or hire coders trained in using ICD-10, as proper coding is required to keep their revenue cycle efficient and optimized. For physician practices or hospitals facing problems in getting their staff upgraded, outsourcing might be a feasible option.

Is Mortgage Refinancing Right for You?

These days, it�s hard not to be enticed by the historically low mortgage refinancing rates. Now could be the perfect time to refinance, but is refinancing your loan right for you? Here are a few points to take into consideration if you�re thinking about refinancing your home loan.

The Benefits of Refinancing

Beyond potentially saving you thousands of dollars, refinancing your mortgage can also help you consolidate debt and pay off other bills. Your life has probably changed from the time you first got your home loan. Perhaps you got a better paying job or you have a new baby on the way. You may have new expenses that never existed before, or you may be making more money than when you started. In many cases, refinancing your home loan could save you hundreds, or even thousands of dollars � money which could be well spent in other areas of your life. Ideally, your mortgage should not be costing you above one third of your total gross income. If you�re dealing with a high interest rate, you�ve been hit with an adjustable rate that has skyrocketed, or you�ve experienced a drop in income for whatever reason � it�s a good idea to consider refinancing and locking in a better rate.

Working with a Trusted Lender

Working with a trusted lender is one of the best decisions you can make when you decide to refinance. Trusted lenders, like Aurora Bank (Equal Housing Lender, member FDIC) for example, understand a multitude of product options and can explain those options to you as well as the costs that are involved in the refinancing process.

Know Your Options

There�s no shortage of lending companies vying for your business. But it pays to do your own research as well.Take advantage of online mortgage calculators and run different scenarios based on your income, property tax, and extra payments you can afford to make.See exactly how much home you can afford and create a spectrum of possibilities for refinancing. Then, speak with a home loan consultant who can help you with your financing needs.You may be pleasantly surprised at just how much money you�ll save by refinancing at today�s low rates. Overall, honest, exceptional service and a dedication to customer satisfaction are what make the best mortgage refinancing lenders stand out.

10 Thing Sales People Need to Know About C-Level Decision Makers

Selling to high-level decision makers is challenging at the best of times. However, it can be easier if you understand a few business principles.

C-level decision makers are paid to improve their business results. Regardless of how the media portrays these executives, their primary concern is to improve their business. This includes increasing sales, market share, customer loyalty; reducing costs, errors, or employee turnover; improving productivity, employee engagement, customer service, etc.

How does your product, service or solution address one of these issues?

C-level decision makers deal with changing priorities. Improving customer engagement may be a top priority today but tomorrow that executive may be faced with cutting $250,000 in expenses. That means they sometimes go cold after expressing initial interest in your solution.

Do you have a strategy in place to keep your solution current?

C-level decision makersare extremely busy. The average executive arrives early in the morning and stays late into the evening. They get dozens of calls every day, receive too many emails, and attend too many meetings. This means that you need to maximize every minute you have when you connect with them. This applies to telephone conversations and face-to-face meetings.

Do you know EXACTLY what to say when you connect with these individuals?

C-level decision makersrely on others. Contrary to popular belief, these high-ranking big-wigs seldom make decisions on their own. They often defer to other people on their team and ask for feedback from peers and/or subordinates. This means you need to involve these people in your conversations and include them in the decision making process.

Do you have the ability to finesse this?

C-level decision makers don�t like to make mistakes. A major mistake can affect an executive�s reputation in their company. This affects the decision-making process which means you need to uncover their risk factor during your conversations.

How will you reduce your prospect�s risk factor?

C-level decision makers have big egos. Most executives have a healthy ego which is one of the things that helped them achieve their status in the company. This means that you need to be very confident in your own abilities when selling to these individuals. Don�t back down when you�re challenged. In fact, doing so could cost you the business because C-level execs want to deal with people who believe in what they do.

Are you confident enough to deal directly with C-level executives?

C-level decision makers spend the bulk of their day in meetings.The next time you�re in the office, watch an executive. Chances are you will see them dashing from meeting to meeting. Your prospects are in the same position. They aren�t sitting at their desk waiting for you to call them.

Are you persistent in your efforts to connect with these individuals?

C-level decision makers have at least 40 hours of work on their desk at any given time. Several executives I know have expressed these sentiment, �I will never get caught up� or �Just when I think I can�t get busier, I do� or �I never call a sales person back because I already have too much on my plate.� you need to give these individual�s an extremely good reason to meet with you or take your call.

Is your approach effective?

C-level decision makers receive upwards of 150 emails every day. Many sales people use email as their major form of correspondence and it can be ineffective because most C-level decision makers simply don�t have time to respond to every email. A Managing Director once told me that he prefers telephone correspondence because he simply can�t get to every email, even when he wants to.

Do you use a variety of strategies to connect with C-level decision makers?

C-level decision makers think big picture.Stop focusing on your product or your company and start looking at the big picture of your prospect�s business. Most C-level execs don�t get bogged down in the little details of their business�they pay others to take care of the details. I once met with the President of a $125 million company and made the mistake of asking her questions about front-line execution instead of top-level strategic issues.

Can you see and discuss the big picture?

Think about your responses to each question and adapt your approach accordingly.

� MMXI Kelley Robertson, All rights reserved.

Achieving Your Full Potential through Landmark Education

It is true to say that a successful company or cooperative is made up of competent employees and not the physical structures. If the physical and mental states of these employees are both in check then your company is bound for success.

It is true to say that a successful company or cooperative is made up of competent employees and not the physical structures. If the physical and mental states of these employees are both in check then your company is bound for success. Landmark education has given employers the ability to improve the overall productivity of their workers. This means that the company�s overall productivity is improved without having to go through the daunting task of firing current workers and hiring other workers. This is a program that all companies should invest in because it assures close to one hundred percent productivity in their workers.

It is indeed possible for your workers to reach one hundred percent productivity but to believe this fact you need to fully understand what Landmark education is. Landmark Education is basically a personal development company that provides motivational classes on top of a learning experience that reaches out to people in an effort to help them realize their true capabilities and help them reach their full potential. The Landmark education program has been structured into several different levels with the first one being the Landmark forum, each of which has been carefully placed to ensure that the coverage is a step by step process with each step having its own gainful purpose.

The first course in the Landmark education program has been dubbed the Landmark forum. The Landmark forum provides a strong foundation by emphasizing on the importance of a strong self esteem in an individual. The Landmark forum also aims at teaching learners to create good relationships with other people in order to improve their personal productivity and overall performance. This will allow the individual to fully enjoy their life. The Landmark forum usually aims at changing an individual�s way of thinking and open up their mind to the limitless possibilities that are available to them. This enables you not only be successful in your personal life but will also help you in other areas such as your career and in the relationships you build with others.

Despite the amount of doubt revolving around Landmark education, there are several testimonials that can prove that Landmark education is indeed a good way to make you a better person. The program has been received worldwide and it is evident that it works. It is however not only focused on companies alone. An individual can also register for the program independently since the program aims at inspiring a single individual and not companies as a whole. However, for the Landmark forum to be useful and productive to you then you should be willing to increase your personal growth by acknowledging that something is missing in your life. The same applies to corporate companies who want to improve the overall productivity of their workers. If the individual is not ready to be receptive to the teachings administered to them then there is no point of even registering for the Landmark forum since they will only end up wasting the opportunity.