Business Productivity in Relation to Technological Advancement

An entrepreneur starts a business in order to earn a profit by making use of his time, resources and expertise in order to be his own boss. It therefore calls for a businessman to be alert and find ways of improving his business that is if he wants to remain relevant in today’s business environment.

The essence of running a business is to provide the society with products or services while on the other hand the society provides it with an income as they purchase these products or services. It is therefore imperative for a firm to continuously incorporation and embrace new technologies if they are to remain relevant and survive harsh market conditions.

Due to the fast changing world we are currently living in, a business needs to change with the times so as to satisfy the constant changing market trends. This is by adopting new technologies and business methods that will guarantee the continuity of the firm in the current economic conditions.

With modern technology, services are usually offered efficiently and effectively, thereby improving the image of the business. Improvement of the quality of products and services then leads to standardization. Technology has enabled machines to perform work and in uniformity hence give consistent results. Advancement in technology has facilitated in machines’ ability to work faster and for long durations thereby greatly increasing the levels of productivity.

Technology has also greatly contributed to the success of business ventures by enhancing managerial control and simplifying business transactions. Managers in different parts of the globe can now access research findings and use the same to better their managerial skills.

What Are the Best Selling Products Online?

If you’re thinking of starting an Internet business, you’ll eventually start thinking about whether you should be promoting the best-selling products online.

It’s no surprise that online shopping has become a multi-billion dollar industry worldwide in recent years. This has led to many people starting Internet businesses promoting and selling a huge range of different products and services. In fact, the Internet is responsible for more people than ever before becoming millionaires from the profits they make with their online enterprises.

So, if you’re only just starting out, how do you find the best-selling products online?

Top 10 Best-Selling Products Online

The actual list of products that people sell over the Internet is enormous. People really do buy an amazingly diverse range of things online, so you can literally choose from thousands of different products to sell in your business.

However, there are some items that always tend to sell far better over the Internet than others. These are:

  1. Books
  2. Computers
  3. Software programs
  4. Electronic items
  5. Clothing and apparel
  6. Kid’s toys and games
  7. DVDs
  8. Health and beauty products
  9. Music
  10. Jewelry

Should You Aim at the Best-Selling Products Online for Your Business?

The fact that some products obviously sell far more than others is clear. However, that doesn’t always mean you should aim at those particular niches for your own business.

It’s important to remember that the really large sectors of the market are likely to be saturated with competition. Your little business will be competing with huge companies with plenty of resources. They have a larger marketing budget than you. They also have more experience in attracting the attention they need.

Yet you don’t necessarily need to choose your business’s products from the top 10 list. It’s very possible for you to generate plenty of profits by choosing products that fit within any niche at all.

This is because there are plenty of potential customers online searching for whatever you decide to sell. You just need to know how to find them and get them to your website.

Big Ticket Items vs. Small Ticket Items

Many new online business owners struggle to choose between big-ticket items and cheaper, small ticket items when they choose products to sell. Big-ticket items are those that come with high price tags. You only need to sell one or two items to make your profits.

Small ticket items are those cheap products that you can sell lots of very quickly and easily. The downside is the smaller profit margin, so you need to make lots of sales to keep your profits up.

The most successful Internet businesses work on ways to incorporate both types of products into their range, along with some mid-priced items as well. This lets them sell the small ticket items for quick cash flow and to gain a customer.

From there, the opportunity exists to upsell that customer to a more expensive product that might compliment the first item they bought. This increases profits nicely.

Searching for the best-selling products online to add to your business offerings is a great idea. Just be sure that you also work on ways to diversify your business revenue at the same time. This will ensure your business always stays profitable.

Presentation Skills: Be More Productive Using a Facilitator Mode

There are many definitions for presentations. When you present there are also many different modes you can focus on. Are you a facilitator or an educator? The mode of facilitator is often misused in the corporate world and interchanged with words like trainer and educator. Facilitation is an exceptional skill, once you learn this skill you can boost your productivity and it can make you a better presenter.

A true facilitator is all about creating an environment where people feel safe and able to share their ideas freely. I believe the facilitator’s role is to act as a conduit. The first process a facilitator will undertake is to create operating agreements with their audience. It is the facilitator’s role to remove any blockages and conflicts within the group. They allow the thought processes of the group to be processed and expressed. They are responsible for establishing an environment that does that.

If this is a mode you are interested in developing yourself, the main proficiencies for this mode include:

Removing personal agenda – a facilitator’s role is to set the agenda with the group, not be running their own personal agenda. It is more powerful to seek to fill the agenda of the team and you will be more engaging to your audience.

Creating trust – this can be established in many ways for a presenter. It can occur before the presentation with communications circulated to the attendees, it can be built into the introduction for the facilitator and it can also be established when the agenda is set.

Respecting diversity – valuing each person’s input and recognising the variety of expertise and experience within the audience is the sign of a great facilitator.

Having active listening skills – one of the most important skill for any facilitator is the need to be able to listen and process what the audience is saying … and quickly. Listening intently will assist this.

A good facilitator may take several hours or days to create an environment where all the work may finally come together in the last hour. Don’t be fooled … some may think a facilitator comes into a presentation or meeting unprepared but that is not the case. An exceptional facilitator spends time preparing by taking a comprehensive brief from the client, researching the group/audience they will be working with and determining the questions that need to be asked to facilitate the best environment.

A quick note: Many organisations choose to bring in external facilitators to work with teams to achieve objectives. An external facilitator is neutral, doesn’t participate in office politics and is not influenced by the management hierarchy. If you team is grid locked or not co-operating, an external facilitator can be a great solution for you.

In a true facilitation style you may not even have the first question for your audience! Every discussion is a question i.e. does this feel right for you? Every facilitator should have an arsenal of great questions in their tool kit. Those questions include:

How is that working for you?

How do you feel about that?

I’m having trouble understanding that?

Does anyone want to add anything to that?

What’s that a part of?

If you knew the answer to that, what would it be?

In your experience, is that correct?

Does that ring true for you?

What do you need to get more out of this?

So what else is coming up?

If you had more time, what would the answer be?

If you knew the answer, what would it look like?

What is the biggest problem with the world?

What is the biggest issue with the world?

Facilitators are able to hold the space in tension to understand. They don’t try to fill the silence. They are able to capture conversations, check people’s understanding and expose all opinions. Learning questioning techniques will increase your mastery of this mode.

Here is a Facilitation checklist for you to help build your skills in this mode ask yourself the following questions:

Do you have an arsenal of questions?

Are you an active listener?

Can you “hold the space” in the tension?

Can you continually ask questions rather than try and find solutions to the discussions?

When you master this facilitation mode you will become a more powerful and engaging presenter. This skill can assist you when you have a tough audience, when you need to change the environment and when you are helping a client find a solution.