I have been thinking a lot this week how hard it can be to decide to move forward with a new plan of action. The ladies in my current 26-week Tele-seminar are all moving forward with new ideas and it got me thinking about myself and what I am doing to move forward these days since I am not actually designing anything new right now. What I came to realize is that I wanted new solutions – fresh ideas and a new plan.
I too can get stuck and not know what to do next, or how to improve sales, attract new customers, or just feel stale about how I am doing things. I LOVE new ideas and try to always be coming up with something or some new way to do things – but no one is perfect right?
When I first started my handbag line I didn’t have plan of action. I just had an idea and thought it’d be fun to try to make it. As I progressed and my line started to take off, I realized how important a plan is, as well as a support team to help you execute it. Since I didn’t know the first thing about anything to do with manufacturing, selling, promoting or how to build a website I relied on people I met along the way to give me some advice and tried it all myself. I am a big believer in trying it all yourself first so you understand what needs to be done so you can know how to instruct the person helping you do the task.
I realized last week, that with everything I have going on in my life with work, my 17 month old twins, classes I am taking and teaching, that I had sort of let the delegating fall by the wayside – actually off the cliff the truth be told.
I recently met a very interesting man through a mastermind group I go to once a month at Ketchup in West Hollywood. I love this group. I find sitting with other entrepreneurs is so invigorating and gets your creative juices flowing. Anyway – this guy has a company that does market intelligence research to help you determine the best approach for your brand. He states “Information is the key to the market knowledge and success”. I was so taken by his presentation (and the fact that he thought he could really help me get a competitive edge going with my handbag hanger) that I hired him to consult for my Simply Sarah Company. I am so excited by the prospect of all the new information and the ideas he is going to bring me I don’t know how I am going to wait the 4 weeks for the full report! By just taking this ONE step, I feel totally reinvigorated and have a brand new excitement towards my own products.
I feel like I have a new plan of action and am looking forward to implementing it.
* What is your plan of action?
* What can you change about they way you are doing things this week?
* How can you take the first step towards realizing your ideas?
* Can you get something down on paper this week?
Here are a few simple steps to get your new ideas in motion:
Once you are armed with this information you may feel inspired to get an action plan and turn that “big idea” into a real product!
1. Write a description of your idea
2. How did you come up with this idea?
3. What does it look like?
4. How does it work?
5. Does it solve a problem for people?
6. What are the benefits?
7. Do you have a name for it?
8. What makes it unique
9. Who will buy it?
10. Where will you market it?
I want to hear from you – are you inspired?
Want to express your opinion?
Leave a reply!
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I had the pleasure of speaking with Mae Karwowski, the founder and CEO of Obvious.ly, a leading global influencer-marketing agency and technology platform. Mae shares some amazing tips on working with influencers and how you can forge relationships to build your brand.
Want to learn more? Drop me a comment below.
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Do you know how to set the right price for your product line? Lordy knows I sure didn’t when I first started my handbag line. But once I learned the correct way to do it, I never mispriced anything again! Now I want to share this method with you so you can be profitable and not wonder why you can’t pay yourself.
It took me years to figure out how to set the right price for my product line when I first started out, so I can imagine you might be in the same situation. If you are not sure if you are making any money, then there is a good chance you’re not pricing your products correctly.
Proper costing is the lifeline to your business and profitability. Taking into consideration and finding all the hidden costs, is the key. So many people forget little things that they add up and then BOOM, you are not making any money. Once you have the actual cost (cost of goods sold) then it is easy to figure out the wholesale and retail prices so you are always making money.
I’d love to share this formula with you. It totally saved my rear when I was in year 3….. Just thinking of all that lost money in the first 2 years…. I want to cry!
Drop me a comment with “PRICED FOR PROFIT” and I’ll reach out and connect with you. ... See MoreSee Less