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How to Make Serious Money With Your Own Mobile Food Concession Trailer Business

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The US economy is powered by the joint forces of 25 million small businesses. Over half of these enterprises are home based and they provide much needed services to their local community. The reason why entrepreneurs start a business is as varied as the types of different businesses that they choose. People start their own business as they are often tired of their current job. Many of them know that they can make more money working for themselves. Often they are looking for a new challenge, a different business field to explore or a way to change their lifestyle.

Entrepreneurs come from all walks of life. Some of them are members of minority groups, who have a hard time finding regular jobs in the traditional workplace. Some people, like senior citizens often look for part time employment opportunities to supplement their current income. Many people also start a business because they are passionate about something and have a burning desire to share their products with the world.

While the motivations to start a business vary a lot, the business goals of most Entrepreneurs are surprisingly similar. Most self employed business owners simply want to create their own job and their own income. This gives them more control over the money flowing into their lives- during good times and just as much during a Recession. Millions of Entrepreneurs have succeeded and they have done it with small budgets and by resisting the urge to expand beyond their limits.

One of the proven strategies to succeed in small business ventures is to keep the business expenses as low as possible. This is achieved by closely watching all expenses, like rent, utilities and advertising costs. But as the biggest expense is labor, it also means to keep the business size under control. Statistics show that 75% of businesses in the US are so small, that they don’t even have any employees at all! They operate out of their home to keep the overhead low and are able to scale their operation to a perfect size to meet their financial needs.

In this article I would like to present a business idea to you, that excels in all of these aspects: The Mobile Food business! It is a small, scaled down version of a restaurant that can serve hundreds of people per day. It is very flexible, has high profit margins, is based on a proven concept and can be easily managed by one person.

The profits of most small food businesses are rising- even as the recession is showing its effects on our nation! While price-conscious consumers turn away from conventional restaurants, they are taking more meals back home. Many households like to go all out on convenience foods that offer a good bang for the buck: large buckets of fried chicken, Bar-B-Q Family Feasts or even pizzas that now come in packs of four. Creatively designed coupons give suggestions like: “Buy two and get two free” or “Free Soda with all family meals”…

Food vendors are getting creative with their marketing offers and by they have a solid track record of record sales. They offer everything from gourmet coffees to wood-oven baked pizzas, Sushi, Wraps and even Lobster dinners. Mobile food restaurants are on a roll as they keep up with the trend of the time. More than that- they are bold enough to define some trends themselves, by catering towards a certain lifestyle. The ever young and active family, that lives a life on the go and never quite seems to have time…

While many businesses struggle for survival, most food businesses managed to pull through and seem to enjoy a new surge in popularity. But what is it exactly that makes the mobile food business succeed when others fail? After all, any good business opportunity has to stand up to close inspection to be considered a valid option. I will share my own observations here with you, so you can understand the potential of the mobile food business. Here are eight reasons why you should consider looking further into starting a home based concession trailer business:

1. A good business has to make sense

In the real world, the only businesses that thrive and survive are the ones that fulfill a basic need and that offer real solutions. In a mobile food business, it is very easy to see, where the money comes from and how the profits are made. It is easy to understand why people exchange the value of money for a food or drink item. You might know of some locations that have an unrealized potential that you can fulfill and take home the profits at the same time.

2. A good business should show profits

The mobile food business has a daily stream of customers that pay mostly in cash money. The profits are instant and can be realized the very first day of business! After a while you will know exactly what income potential any location or event has. Weekdays have their own earning potential as well as weekend days. This is why some Mobile Food Business Operators choose to close their businesses on Mondays and Tuesdays rather than Saturdays and Sundays.

3. A good business should be simple to operate

A mobile food business is easy to understand and you don’t need years of schooling just to open your doors. You are able to teach the procedures to part-time helpers as well. Everything you need to know can be learned in our home study course, through research online or by assisting other mobile food vendors for a few days.

4. A good business should have low startup costs

How else can you open up a “Mini Restaurant” with similar earning potential with such a low investment? Some operators have been able to start out with a monthly lease agreement of less than $300. Others are able to start even on a smaller scale: with a sales tent that is very inexpensive and a daily fee to set up on shows and festivals. There are very few other businesses that will let you operate with these startup costs! You also benefit from low operating costs as you don’t have to pay the ever increasing monthly commercial utility bills that most other restaurants have to pay! You can stay small and mobile and at the same time serve many customers per day!

5. A good business should have a high earning potential

Some Operators of simple hot dog carts can make hundreds of dollars every day at a single location! The same potential is even easier to achieve with a concession trailer and a suitable sales menu. Some weekend events can make enough money so you can afford to take off the weekdays! I can show you how you can consistently make at least $500 per day in your own BBQ Catering Trailer Business!

6. A good business should offer the potential for growth

You can easily duplicate your initial efforts by hiring a person to do the actual serving of foods and use your time to set up a second food trailer. Strategically placed they can generate huge sums of cash money and the best part is- once everything is set up- you might be able to stay at home and make money at the same time! There are many underserved niche markets like residential neighborhoods, business districts and office parks that offer great earning potential!

7. A good business should be of service

It feels good to realize what the essence of the mobile food business really is: you are in the business of feeding hungry people! You are helping all of them out. How? By making their lives easier, by saving everybody time as they don’t have to cook and pack a meal for themselves. It really is a win-win situation! Your great food items generate many happy and satisfied customers, and you make money at the same time. And the best part is: They will be back to buy more from you- again and again!

8. A good business should increase happiness

A business only really makes sense, when you are truly happy about yourself and your daily work. The Catering Trailer Business is a fun and rewarding home based business opportunity- full of daily surprises and adventures! When you are dealing with the public, they expect a little bit of entertainment and showmanship as well. Entertaining personalities do extremely well in this business field.

Whatever you do- remember that happiness is an energy that goes back and forth. The more people you can make happy, the more people will make you happy as well!

The secret word to understanding the mobile food business is: “Catering”. Once you understand the basic concept of preparing food items in one area and serving them in another, you have understood what this business is all about! Your catering trailer is simply a tool to transport your food items to your sales location and a way to serve them in style. The Concession Trailer has all the Equipment you need to cook, heat and cool your food items. Plus, it also has hot running water as well as much needed storage space.

The different menu items you can sell are amazing: From wood oven baked gourmet pizzas to hickory smoked BBQ. From New York style hot dogs to custom sausages. From hot gourmet specialty foods like kettle corn and coffees to cool ice creams, smoothies and drinks! With these selections you are sure to please a crowd and make some serious money at the same time!

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Source by Bob H Robertson

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Where to Find Those Efficient and Hardworking Affiliates?

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Everyone wants a hardworking affiliate, employee, associate, partner, or even spouse, and why not? It’s the next best thing to doing the work yourself. However with the massive outbreak of work and income opportunities available online, how can you beat everyone else and find that one (or more) ideal person who will make your online business explode with success? Here are some of the most ingenious and uncommon ways to snag the idea affiliates for your affiliate program

Direct Sales Agents

Direct sales people are really one of the most enterprising, hard-working individuals in business. They mostly work on commissions or rebates and are willing to literally go door-to-door offering their products to anyone and everyone they bump into. Imagine how much easier their job would be if they could be an affiliate and simply work via the Internet and a mobile device or desktop.

Also, most direct sales people tend to carry more than one brand in their product arsenal so signing up as an affiliate would be almost the same type of work but using a different approach.

Colleges and Universities

Many college kids would be interested in a part-time income opportunity if it would mean funds to help pay for their education, loan, or partying. All you have to do is make sure to offer them products they can endorse as a student.

Freelancers

Did you know that the U.S. Census Bureau’s latest annual report show that 75% of U.S. businesses used freelancers in 2011? Freelancers earned a whopping US$990 billion in 2011 which is a 4.1% increase from the previous year. The only industries where the number of freelancers decreased were in insurance, finance, and construction. Most probably your affiliate program isn’t a part of these 3 industries.

Furthermore, online business and finance experts are predicting the growth to increase incrementally every year even with an economy that is improving. People just want income security and more control over their earnings. With the spate of lay-offs, it’s understandable why many would prefer to work as an affiliate than as an employee.

Scout For Them At Affiliate Conventions

There are annual affiliate conventions held in different cities around the country. You should try to catch one when it is held somewhere near your location. The average turn-out for these types of conventions has increased regularly over the years. Last year, many of them were sold out weeks before the event.

Advertise!

The US Census Bureau has said that as of 2012, 15% of Americans are poor, 43% of young adults depend on their parents to some extent for money. Even more surprising is that the median income of young adults in 1982 was $31,583 and last year it was $30,604 for the same age group! Income is dropping and people are looking for ways to earn additional income outside of their 9 to 5 jobs. That’s where you can come in playing the hero and helping others realize their dream income.

Finally, go online and talk about your product. Make the affiliate marketers come to you and have the luxury of picking the best candidates. You will need some help in marketing your affiliate program so target a marketer who’s experienced in affiliate program and SEO.

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Source by Lina Stakauskaite

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Recession Is Here… Six Costly Mistakes Home Sellers Make During Recessions And How To Avoid Them

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The U.S. is officially in a recession. What is a recession? A recession is a business cycle contraction or general economic decline due to significant drop in spending and other commercial activities. Most pundits and politicians will blame Covid-19 crisis for the recession, but even pre-Covid-19 the proverbial writing was on the wall.

The U.S. had over 120 months of economic growth, which was the longest expansion in the modern history. Other indicators, such as negative yield spread on treasuries (long term bonds having lower interest rates than short term T-notes), were pointing to an imminent change of the economic cycle and an impending recession. The only real question was: when and how bad?

Then Covid-19 came… If the cycle was going to change anyway, Covid-19 acted as a huge and unexpected accelerant to make the recession much more immediate and severe.

Inevitably during recessions all classes of real estate, including residential homes and condominiums, will be negatively impacted as lower consumer spending and higher unemployment rates affect real estate prices and marketing times.

Here are the six costly mistakes home and other real property sellers make during recessions and how to avoid them:

Mistake #1: This will pass and real estate market will be hot again soon

First thing to remember is that real estate cycles are much longer than general economic cycles. Even if the general economy recovers, which eventually it always does, a typical real estate cycle takes as long as 10 to 15 years. The cycle has four key stages: Top, Decline, Bottom and Rise.

Let us consider the last real estate cycle, which lasted approximately 14 years:

  • 2006 – Prices hit the Top
  • 2006 to 2012 – Prices Decline
  • 2012 – Prices hit the Bottom (Trough)
  • 2012 to 2019 – Prices Rise*
  • 2020 – Prices hit the Top
  • 2020 to? – Prices Decline

*NOTE: In 2016 the national residential real estate price index reached its pre-recession 2006 peak levels. It took 10 years for the real estate market to recover.

The way to avoid this mistake is to recognize that real estate cycles take years to run and plan accordingly. Additionally, nobody knows for sure when the prices will hit the top or bottom until after the fact.

Mistake #2: Low interest rates will make the economy and real estate market rebound

Between 2006 and 2011 the interest rates (Fed Funds) were continuously cut by the Federal Reserve Board and went from low 5% to almost 0%. However, that did not stop the real estate recession and depreciation of property values.

Undoubtedly, low interest rates made the economic decline and real estate recession less severe and saved some properties from foreclosures, but it still took six painful years for the real estate market to hit the bottom and then four more years for the prices to go back to their pre-recession levels.

Some markets had never fully recovered. For example, residential home prices in some parts of California, Arizona and Nevada are still below their 2006 highs.

To avoid this mistake, one needs to realize that although low interest rates help stimulate the economy and the real estate market, they do not cure them.

Mistake #3: I don’t need to sell now, so I don’t care

If you do not need to sell until the cycle plays out, which typically is over ten years, then you will not be as affected, especially if you have a strong equity position, limited mortgage debt, and solid liquid assets.

However, it is good to keep in mind that “life happens” and either professional or personal circumstances can change and we may need to sell property before the downturn runs its course.

Furthermore, if a property has a mortgages and its value declines to the point being “upside down,” meaning the mortgage loan balance exceeds the value of the property, then the options of selling, refinancing or even obtaining an equity line of credit, will be significantly limited.

This does not mean that everybody should be rushing into selling their real estate if there is no need to do so, just keep in mind that circumstances may and often do change and property options will be affected, so plan in advance. As one wise proverb says: “Dig your well before your thirst.”

Mistake #4: I’m selling, but I won’t sell below my “bottom line” price

This is a common and potentially very costly mistake. Generally speaking, every seller wants to sell for the highest price and every buyer wants to pay the lowest price. That’s nothing new. When selling real estate, most sellers want to achieve a certain price point and/or have a “bottom line.”

However, it is important to understand that the market does not care what the Seller, or his/her Agent, think the property value should be at. The market value is a price a willing and able buyer will pay, when a property is offered on an open market for a reasonable amount of time.

Overpricing property based on Seller’s subjective value or what is sometimes called an “aspirational price,” especially in a declining market, is a sure first step to losing money. When a property lingers on the market for an extended period of time, carrying costs will continue to accumulate and property value will depreciate in line with the market conditions.

Additionally, properties with prolonged marketing times tend to get “stale” and attract fewer buyers. The solution is to honestly assess your selling objectives, including the desired time-frame, evaluate your property’s attributes and physical condition, analyze comparable sales and market conditions, and then decide on market-based pricing and marketing strategies.

Mistake #5: I will list my property for sale only with Agent who promises the highest price

Real estate is a competitive business and real estate agents compete to list properties for sale which generate their sales commission incomes. It is not unusual that Seller will interview several agents before signing an exclusive listing agreement and go with the agent who agrees to list the property at the highest price, often regardless if such price is market-based.

Similarly to Mistake #4, this mistake can be very damaging to Sellers, as overpriced properties stay on the market for extended periods of time costing Sellers carrying expenses such as mortgage payments, property taxes, insurance, utilities and maintenance.

Furthermore, there is the “opportunity cost” since the equity is “frozen,” and it cannot be deployed elsewhere till the property is sold. However, the most expensive cost is the loss of property value while the real estate market deteriorates.

During the last recession, we have seen multiple cases where overpriced properties stayed on the market for years and ended up selling for 25% to 40% below their initial fair market values.

The solution is to make sure that your pricing strategy is based on the market, not empty promises or wishful thinking.

Mistake #6: I will list my property only with Agent who charges the lowest commission

Real estate commission rates are negotiable and not set by law. A commission usually represents the highest transactional expense in selling real properties and is typically split between Brokers and Agents who work on the transaction

Some real estate agents offer discounted commissions, in order to induce Sellers to list their properties with them. But does paying a discounted commission ensure savings for the Seller? Not necessarily.

For example, if the final sales price is 5% to 10% below property’s highest market value, which is not that unusual, due to inadequate marketing, bad pricing strategy, and/or poor negotiation skills, it will easily wipe out any commission savings and actually cost the Seller tens of thousands of dollars in lost revenues.

The solution is to engage an agent who is a “Trusted Advisor,” not just a “Salesperson.” A Trusted Advisor will take his/her time and effort to do the following: 1) Perform Needs Analysis: listen and understand your property needs and concerns; 2) Prepare Property Analysis: thoroughly evaluate your property and market conditions; 3) Execute Sales and Marketing Plan: prepare and implement custom sales and marketing plan for your property; and 4) Obtain Optimal Results: be your trusted advocate throughout the process and achieve the best possible outcome.

Finding such a real estate professional may not be always easy, but it certainly is worth the effort and will pay off at the end.

In conclusion, this article has outlined six costly mistakes real estate Sellers make during recessions and how to avoid them. The first mistake is not understanding that real estate cycles are long and take years. The second mistake is a misconception that low interest rates alone will create a recovery. Another mistake is not realizing that circumstances may change and not planning in advance. Mistakes number four, five and six pertain to understanding the market value, proper pricing and selecting the right real estate professional.

By understanding and avoiding these mistakes, real estate Sellers have significantly better chances of minimizing the negative impact of a recession while selling their properties.

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Source by Robert W. Dudek

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Useful Tips To Build The Best Gaming Computer

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Every gamer will want their computer to be the best gaming computer among their peers. Sometimes, with a little knowledge and tips and tricks, it is possible to build the best gaming computer and show it off to your peers. This article will show you how:

1) You can’t get the best gaming computer from computer retailers

If you want to get the best gaming computer, you have to build your own. Different gamers have different requirement for their gaming machine. Unless you are willing to pay a high price, you will not be able to buy a commercial computer that fulfills all your gaming needs. The only option you have is to build your own gaming computer.

2) You don’t have to be rich to build the best gaming computer

It is not necessary to burn a hole in your pocket to build the best gaming computer. With some due diligence, do some market research and compare prices around the marketplace. Merchant such as TigerDirect and NewEgg give regular discount to their products and you could save a lot of money if you catch them during their promotional period.

3) Most expensive parts do not have to be the best part

Sometime, the latest model or the most expensive model does not have to be the best part for your computer. It requires various components to work together to form the best computer system. When choosing a computer part, what matters is how well it can integrate with the rest of the components. Compatibility is more important than individual performance. What use is there if you spend lot of money on the latest quad-core processor and find that your motherboard doesn’t support it?

4) You don’t need to change the whole PC to own the best gaming computer

It is a misconception that you have to change the whole gaming machine to build the best gaming computer. If you already have a good barebone system, what you need to do is to upgrade the necessary parts and your gaming computer can roar back to life instantly.

5) Brand is important

Unless you want to see your computer system malfunction every few days, it is important that you purchase the parts from branded manufacturers with strict quality control. Motherboard brand such as Gigabyte, ABIT, ASUS are some quality brands that you can consider

If you follow diligently to the tips stated above. You will be on your way to build the best gaming computer. While price can be an issue, it is better not to scrimp on important computer parts such as motherboard, CPU, RAM and graphics card as it will cost you more to upgrade in the future.

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Source by Damien Oh

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