FINANCIAL TABS (FIN TABS) Is a Small Business Forum SBF which is aimed at educating the new generation the business of 21st century for financial liberation.

Mission statement: To equip 90 youths with the new business tool.
Vision statement : To elevate many of them out poverty

Schedule:



This forum is strictly for education purpose and all business sector is highly welcome.
Always feel free to send your question to send in your question on the thread.

MONDAY - INTRODUCTION TO SALES
Refuse to talk, to walk, to sleep with the sheep. the slaughter house of failure is not my destiny. I will thrive till i succeed

The English word sales was gotten from the late old English word sala from the old norse sala which is of germanic origin. It is believed to mean 'to graps' but order sources have different viewpoint, translating the English word 'to serve' interestingly the purpose of sales engulfed all the listed point views.

selling is an act that have been since the existence MAN, it's just the word that keeps changing. selling is a way of life. There must not necessary be an official setting before it occurs. A man who convinced his girlfriend to marry him is a salesperson. A woman who negotiated bear 2kids instead of the intended 4kids is a sales person. a child who cajoled his mom to make noodles instead of custard is a sales person.

Now what is sales and who is a salesperson ?
sales [/b]simply mean to offer commodity, products or services for profit.

[b]According to Investopedia: a sales is a transaction between two or more parties that involves the exchange of tangible or intangible goods, services or other asset for money.
salesperson: a person whose job is to sell a product or service in a given territory.

One of the greatest salesperson recorded in the bible is Jacob, He negotiated his whole destiny with a pot of porridge.

Before we dive dipper, I want you to take home this 3 fundamental rules of selling
1. people don't like the idea of being sold
2. people buy for emotional, not for rational reason.
3. once sold people need to satisfy their emotional decision with logic.

that will be all for today.
STAY TUNED

TUESDAY- DIGITAL MARKETING
There are certain elements that can facilitate business growth over time
They included Branding, Marketing and Advertisement.

What is Marketing?
Marketing refers to the activities a company undertakes to promote the buying or selling of its products or services. Marketing allows businesses to sell products and services to consumers, other businesses, and organizations.

At its most basic level, marketing seeks to match a company's products and services to customers who want access to those products. Matching products to customers ultimately ensures profitability.

THE MAIN GOAL OF MARKETING IS ALIGNING PRODUCTS WITH THE TARGETED MARKET.

In 1960 a professor in marketing management Jerome E McCarthy introduced the 4 P's of marketing. A core marketing factor that comprises of product, price, place and promotion. It covered analysis, consumer behavior, market research, market segmentation, and planning.
PRODUCT
Creating a marketing campaign starts with an understanding of the product itself. Who needs it and why? What does it do that no competitor's product can do? Perhaps it's a new thing altogether and is so compelling in its design or function that consumers will have to have it when they see it.
PRICE
Price is the amount that consumers will be willing to pay for a product. Marketers must link the price point to the product's real and perceived value, while also considering supply costs, seasonal discounts, competitors' prices, and retail markup.
PLACE
Place is the consideration of where the product should be available—in brick-and-mortar stores and online—and how it will be displayed.
PROMOTION
The goal of promotion is to communicate to consumers that they need this product and that it is priced appropriately. Promotion encompasses advertising, public relations, and the overall media strategy for introducing a product.

That will be all for today
STAY TUNED

THURSDAY- TOOLS AND INFORMATION.

INFORMATION
Information is data that has been processed or organized to provide meaning and context. It refers to knowledge or facts


In Today's world information is the navigator to success. Information Age, began in the late 20th century, which marked a transformative period driven by the rapid advancement of digital technology and the internet. This era is characterized by the unprecedented access to information, the rise of global connectivity, and the shift from traditional industries to a digital economy. It has fundamentally altered how people communicate, work, and access knowledge, leading to a more interconnected and data-driven world. The ultimate impact includes both the opportunities for innovation and efficiency as well as challenges such as privacy concerns and digital divide.

In the Information Age, the proliferation of digital technologies has revolutionized various sectors, including business, education, and entertainment.
Social media platforms and digital marketing have transformed how businesses engage with consumers.

Education has shifted towards online learning, expanding access to knowledge but also highlighting issues of digital inequality.

The internet has enabled instant communication and collaboration across the globe, fostering a culture of immediacy and accessibility.

Information is a processed data
NOW HOW DO YOU PROCESS INFORMATION TO YIELD MONEY?

That will be all for today
STAY TUNED

Blizzy300:
FINANCIAL TABS (FIN TABS) Is a Small Business Forum SBF which is aimed at educating the new generation the business of 21st century for financial liberation.

Mission statement: To equip 90 youths with the new business tool.
Vision statement : To elevate many of them out poverty

Schedule:

Monday; Sales

Tuesday; Digital marketing

Wednesday; tools and information

Thursday; community building and growth

Friday; market analysis and research

This forum is strictly for education purpose and all business sector is highly welcome.
Always feel free to send your question to send in your question on the thread.

This is good stuff

NewDea4:


This is good stuff

Thank you

THURSDAY- COMMUNITY BUILDING AND DEVELOPMENT

Community Development: Building Connections in the Virtual Era

In the 21st century, digital community development has become a crucial component of social and economic growth. With the proliferation of the internet and digital technologies, communities are no longer confined to physical locations. Instead, they span global networks, creating new opportunities and challenges for engagement, support, and collaboration.

Understanding Digital Community Development

Digital community development involves using online tools and platforms to foster interaction, collaboration, and support among people with shared interests or goals. It encompasses a range of activities, from creating and maintaining online forums and social media groups to leveraging digital platforms for educational purposes, business networking, and civic engagement.

Key Components

Platform Selection: Choosing the right digital platforms is foundational. Popular choices include social media networks (like Facebook and Twitter), specialized forums (such as Reddit), and community-centric tools (like Discord and Slack). Each platform offers unique features that cater to different community needs.

Content Creation: Engaging content is crucial for community building. This includes regular updates, discussion prompts, informative articles, and interactive media. Content should be relevant to the community’s interests and needs, fostering engagement and conversation.

Moderation and Governance: Effective moderation ensures that the community remains a safe and welcoming space. Establishing clear guidelines and employing moderators to enforce these rules can help manage conflicts and maintain a positive environment.

Engagement Strategies: Encouraging participation through events, challenges, and collaborative projects can enhance community engagement. Regular interaction from community leaders and active members helps to maintain enthusiasm and commitment.

Feedback Mechanisms: Implementing ways to gather and act on feedback from community members is essential for growth and improvement. Surveys, suggestion boxes, and feedback threads can provide valuable insights into the community’s needs and preferences.

That will be all for today
STAY TUNED

FRIDAY- MARKET ANALYSIS AND RESEARCH

The first market I have ever researched, was my mom's restaurant. Ever since I was young I knew I was going to be entrepreneur so I lived my life on research and analysis though was a very rough one but was still worth it.
My mom owned a restaurant where she sells porridge yam and beans a very delicious meal. I have taken so much of that meal that the aurora alone releases my dopamine.

well I always wondered why my mom always had so much customers?, we sell so quickly that from whence the food is done, we will not take rest till the food is finished.

from research and analysis as a teenager I deduced 4 things that made her sell so much.

** positioning- her restaurant was situated in the heart of market
** new inventory (product) - unlike the normal rice, beans and swallow meal. my mom initiated a meal totally different from the rest.
** less competitor- she was apparently in the blues market
** price- it was so affordable that it starts from as low as #100 back then.

Obviously my mom never made this analysis before starting the business, she just rented a shop, bought equipment made some spiritual rituals and started. fortunately she was in alignment with the market .

Now this is a coincidence and doesnt happen more often.
How do one naturely align themselves with the market?

WHAT IS MARKET RESEARCH AND MARKET ANALYSIS

**Market research is the process of gathering, analyzing, and interpreting information about a market, including information about the target audience, competitors, and the overall industry. It involves various methods like surveys, focus groups, and data analysis to understand market trends, customer needs, and competitive dynamics.

**Market analysis refers to the systematic examination of market conditions to identify opportunities and threats. It involves evaluating market size, growth potential, and key drivers affecting the market.

IMPORTANCE

1. Informed Decision-Making: Helps businesses make data-driven decisions by providing insights into customer preferences, market trends, and competitive landscape.

2. Risk Reduction: Identifies potential risks and uncertainties in the market, allowing companies to develop strategies to mitigate them.

3. Opportunity Identification: Reveals emerging trends and market gaps, enabling businesses to capitalize on new opportunities and innovate.

4. Competitive Advantage: Provides an understanding of competitors' strengths and weaknesses, helping businesses develop strategies to gain a competitive edge.

5. Customer Understanding: Enhances knowledge about target customers' needs and behaviors, allowing for better product development and marketing strategies.

that will be all for today
STAY TUNED

MONDAY-SALES
three fundamental indicators that a sales strategy is working:

1. **Increased Sales Revenue**: A primary sign that a sales strategy is effective is a consistent rise in sales revenue. If your strategy is generating more sales and contributing to higher revenue, it’s a clear indicator of success.

2. **Higher Conversion Rates**: If your sales strategy is working, you should see an increase in the percentage of leads or prospects that convert into paying customers. This means that your strategy is effectively moving potential buyers through the sales funnel.

3. **Improved Customer Retention and Satisfaction**: Effective sales strategies not only attract new customers but also retain existing ones. Indicators of success include higher customer satisfaction scores, repeat business, and strong customer loyalty.

These metrics collectively show that your sales strategy is aligning with your business goals and driving desired outcomes.

TUESDAY - DIGITAL MARKETING

Digital marketing, also called online marketing, is the promotion of brands to connect with potential customers using the internet and other forms of digital communication. This includes not only email, social media, and web-based advertising, but also text and multimedia messages as a marketing channel.

Digital marketing encompasses all marketing activities done online to promote a business

digital marketing includes:


**Search engine optimization
**Content marketing
**Social media marketing
**Pay-per-click marketing
**Affiliate marketing
**Native advertising
**Influencer marketing
**Marketing automation
**Email marketing
***Mobile marketing

All these form of marketing will be discussed in depths.
Remember this is a practical activity other than a theoretical one.

STAY TUNED

WEDNESDAY- TOOLS AND INFORMATION


Processed information can generate money in several ways:


1. Monetizing Data: Businesses analyze customer data to improve products and target marketing, leading to increased sales and revenue. You can monitize selling processed data to companies.

2. Enhanced Decision-Making: Processed information helps individuals make better decisions, optimize operations, and reduce costs, ultimately improving profitability.

3. Content Creation: Information processed into valuable insights or content (like reports, articles, or multimedia) can be sold or used to attract and retain customers.

4. Licensing and Patents: Innovations based on processed information can be patented and licensed to other companies for a fee.


Overall, effective use of processed information can lead to increased efficiency, targeted marketing, and new revenue streams.

That will be all for today.
STAY TUNED

THURSDAY-COMMUNITY BUILDING AND DEVELOPMENT
Building an online community involves several key steps:

1. **Identify Your Niche:** Clearly define the focus and goals of your community. Understand the interests and needs of your target audience.

2. **Choose the Right Platform:** Select a platform that aligns with your community’s needs, whether it's a forum, social media group, or a dedicated app.

3. **Create Valuable Content:** Share engaging, relevant content that addresses the interests of your members. This could include articles, videos, discussions, or resources.

4. **Foster Engagement:** Encourage interaction through discussions, polls, and events. Be responsive to feedback and actively participate in conversations.

5. **Promote Inclusivity:** Create a welcoming environment by establishing clear guidelines and fostering respect among members.

6. **Leverage Influencers and Advocates:** Collaborate with key figures or active members who can help promote and grow your community.

7. **Monitor and Adapt:** Regularly assess the health of your community, address any issues, and adapt strategies as needed to keep members engaged and satisfied.

By focusing on these aspects, you can build a thriving and active online community.

That will be all for today
STAY TUNED