All posts by TDB Consulting Group

How to Stay Profitable During COVID-19

In the face of the coronavirus pandemic, many businesses are closing their doors, while others such as grocers, video game developers, home gym equipment manufacturers, communication providers, furniture retailers, and others are thriving. Which begs the question:

How is your business handling change in the face of COVID-19?

For your business to survive, and hopefully thrive in this challenging time—it’s more than likely some internal changes will need to occur. But where does the average business owner or entrepreneur begin with all the challenges this new normal has brought upon us all?

A good starting point is taking the baby steps of identifying what your most pressing weaknesses are—these being the little annoyances that don’t seem to carry much weight but, when taken together, can really take a toll on your business earnings and profitability.

You may have heard the expression:

“It’s the little foxes that ruin the vineyards.”

Source: https://biblehub.com/songs/2-15.htm

The meaning of this tidbit of wisdom is that the little things, when overlooked and not dealt with properly, can ruin something of value… even something as large and as beautiful as a vineyard in the early stage of preparing to produce an amazing harvest.

When it comes to running a successful business, or even attempting to live a successful and fulfilling life, as most of us are, it’s easy to become overwhelmed when trying to find ways to improve.

That’s where our Business Health Check Workbook comes in. It’s designed to help you get a clearer picture of your business—so you can focus on your weaknesses, and turn them into your strengths.

As Albert Einstein said:

“If I had an hour to solve a problem I’d spend 55 minutes thinking about the problem and five minutes thinking about solutions.”

From this we can see that solutions are the easy part. Identifying and acknowledging we have a problem to begin with, well that for most of us, is the hard part. Who among us hasn’t been in denial at one time or another regarding our businesses or life matters in general? Denial, as common as it is, is often followed up by it’s equally undesirable partner in crime… procrastination. We hope you aren’t plagued by either, but if you are we encourage you to take advantage of any extra time you may have right now and get your business back on track by taking the first steps of evaluating room for improvement in your business.

Take advantage and download your copy of the Business Health Check Workbook here. It’ll help you break down your business into it’s main parts, so you can see where you’ve fallen short, and where you’re doing well. More importantly, it will help you forge a plan of action to move your business forward in these trying and unprecedented times.

Business Health Check Workbook - TDB Consulting Group

As always, we’d love to hear from you, and welcome your feedback and comments—so feel free to comment below.

Please note that comments are reviewed prior to being posted.

TDB Consulting Group
Official Notices & Updates

The Passive Income Business Anyone Can Start

Disclosure: This post contains affiliate URLs and therefore we may receive a commission should you decide to click through and make a purchase (at no additional cost to you). 

With the business landscape changing due to COVID-19, we’re receiving a lot of consulting requests from our clients on how they might possibly change up their marketing efforts to increase profits, or how they might expand into new markets in an effort to make up for lost revenue due to pandemic which, as we all know, is hindering many businesses both new and established.

So instead of opening multiple billing requests, we’ve decided to answer this frequently asked question in the form of a blog post to service as many readers as we can in an effort to help other business owners, entrepreneurs, and other like minded people during this pandemic.

Although there are numerous ways to ramp up marketing efforts, many of our clients do not have the luxury of owning online businesses, and are either service providers such as home renovators, lawyers, real estate agents, plumbers, etc., or are among those confined to brick and mortar spaces such as gyms, boutiques, dental specialists, book store owners, and others, who are at the mercy of government regulations.

Therefore we’re focusing this post on how businesses, entrepreneurs, and literally anyone else wanting to supplement their income—can get their side hustle on quickly, with only a small time and financial investment. And seeing how COVID-19 isn’t leaving anytime soon, there’s never been a better time to get started!

Alright, let’s begin with the focus of this article: DROPSHIPPING

Dropshipping is a business that’s been the rise for a couple of years now, and is best suited to people who are tired of working for the man, or who are already entrepreneurs but are wanting to expand their market share and get in on some seemingly passive income. Or course there’s no such thing as truly passive income, other than guaranteed investments which require a lot of capital, and a lot of time to get a substantial return on investment, but it’s probably the next best thing to a passive income opportunity for the everyday person who isn’t fortunate enough to be counted among the so-called 2%.

So what exactly is the dropshipping business model?

Dropshipping is where you sell products to customers, but don’t keep any inventory in stock or physically ship any products to customers.

As the online retailer, you simply showcase products. When customers place their orders through your store, the manufacturer ships the products directly to them.

Dropshipping can be a great business for you if:

  • you don’t have a lot of money to invest
  • you prefer a business that can be set on autopilot most of the time
  • you want the freedom to work from anywhere (your home office, your favorite coffee shop, on the road, on vacation—virtually anywhere with internet access)

How can you benefit from starting a dropshipping business?

  • financial freedom and independence to live the life you want
  • work as much or as little as you want—leaving you with more time for friends, family, hobbies, etc.
  • if you’re successful, it’s as close to passive income as you can get without substantial capital

How can you get started?

Well, you could go back to school, get a degree in computer engineering, build an optimized online storefront, research manufacturers, and try to determine what might or might not sell, or you could take the easy route and make a micro investment in a professionally built, fully automated, online dropshipping store for yourself—all for less than you think!

“Do what you do best and outsource the rest!
– Peter Drucker

Benefits of working with a professional dropshipping expert:

  • you can begin your business quickly and have money coming in right away—our top recommendation can get your premium storefront up and running with 50 products in 5 days with a 99% success guarantee
  • all the heavy lifting is done for you—you don’t have to learn coding, plugins, payment settings, etc.
  • you don’t have to research products, write advertisements, or research target markets—our top recommendation can provide you with all of that, PLUS he knows what’s selling, and what isn’t, so he can help you find products people will be excited about and happy to pay money for

Our top recommendation mckmain is a dropshipping expert on Fiverr, and you can learn more about his Financial Freedom dropshipping package here which includes:

A Professionally Trusted Store + Product Research + Large Audience + Sales Copy + Ad Video + Reviews with a 7 Days Delivery including:

  • Unlimited Revisions
  • 6 Pages
  • 50 Products
  • Design Customization
  • Responsive Design
  • Content Upload
  • Setup Payment Gateway
  • 6 Plugins/Extensions
  • Unlimited support to help you get profitable

His method is 99% success guaranteed, and has helped his clients achieve success with their dropshipping stores and Shopify websites. Learn more here.

For those not familiar, Fiverr has provided a platform since 2010 for freelancers to offer services to customers worldwide. You can learn more about Fiverr here.

Because it’s always a good idea to compare service providers in the same niche, we’ve included three other leading dropshipping expert selections for you to make comparisons:

  1. claredesigns – 10 years experience in eCommerce
  2. winstongoh – 5 years experience in eCommerce
  3. eileen_lue – 4 years experience in eCommerce

As with any business dealing, we recommend conducting your own research on service providers, and contacting them in advance prior to making a purchase to ensure you’re both on the same page, and so you know exactly what to expect.

If you have questions, comments, or would like to share your own experiences with dropshipping we’d love to hear from you and welcome your comments below.

Please note: All comments are reviewed prior to being posted.

TDB Consulting Group
Official Notices & Updates

Disclosure: This post contains affiliate URLs and therefore we may receive a commission should you decide to click through and make a purchase (at no additional cost to you). TDB Consulting Group only recommends service providers that we’ve either personally used ourselves, or that come from people we know and trust. For doing so, we sometimes receive a sales commission.

How To Calculate Return on Investment (ROI) in 4 Easy Steps

We’re pleased to announce the release of our newest resource, “How To Calculate Return on Investment (ROI) in 4 Easy Steps” which, at time of posting, is 100% free to download on Amazon and other retailers as detailed below.

Although anyone can use this book to calculate return on investment, it was written specifically for business owners and entrepreneurs who want to calculate return on investment on anything that will potentially help them grow their businesses and/or increase their profits such as: business training, digital advertising, hiring service providers, and so on.

So if learning how to calculate return on investment is something you’re interested in to further your business, we invite you to download this resource today on Amazon.

How To Calculate Return on Investment (ROI) in 4 Easy Steps

If Amazon isn’t your jam, you can also grab a copy at the following retailers:

Apple BooksBarnes & Noble | Kobo

As always, we encourage you to leave a book review on your favorite retailer’s platform for this book.

TDB Consulting Group
Official Notices & Updates

Free Business Lesson Now Available

Business Owners & Entrepreneurs,

We’re pleased to announce that: Attracting Your Ideal-Fit Clients/Customers, Business Lesson 7.0 in the Brand Story, Positioning, and Offerings Course is now available free of charge to anyone wanting to improve their business operations for the better.

What you’ll learn

This lesson will give you a clear overview of what lessons, steps, and activities are necessary to attract ideal-fit clients/customers to your business to turn a profit quickly, lower your ad spend, and avoid costly mistakes.

Get Instant Access Now (This offer has expired)

This offer is 100% free of charge, and no credit card is required. (This offer has expired)

TDB Consulting Group
Official Notices & Updates

 

New TDB Blog

We’re pleased to announce the addition of an official blog to our website here at TDBNow.com.

Posts will begin to be added within the coming days, weeks and months, and will hopefully be of benefit to the business community as another way of connecting with our clients, customers and fellow business people.

TDB Consulting Group
Official Notices & Updates