That's a tough one for me to answer in a few lines. I am a service/product provider. However, I only get paid when I sell product. My service is free & included in the regular retail price of my garments. My clients tend to be Financial Planners, Attorneys, Business Owners, Sales People, Mortgage Brokers... anyone who needs or likes to look professional for work. My business tends to do really well during recessions because competition in everyone's business tightens up & one way to make yourself "look" better than your competition is to look better than your competition. As far as growth goes, my business income is always function of how hard I work.
Talk about your products here, Bizniks
So yes, about 80 percent of American jobs are service-based. I don't see a lot of Bizniks that have products to promote but occasionally see them around.
I'd like to learn more about the product group representation here, who is buying from you, how the economy looks in your sector and growth potential that you envision in your industry - those types of things.
- Spk
8 Bizniks have posted replies
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Posted by Jeff Collins, Seattle, Washington | Feb 12, 2008
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Posted by Spike Matau, Seattle, Washington | Feb 13, 2008
This is very interesting. I remember back in the first dot-com boom, mylackey.com provided an expanded service that this reminds me of. I love the concept!
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Posted by Neil Doherty, Valdese, North Carolina | Feb 13, 2008My business primarily focuses on product sales. During the past 10 years, I mostly worked in the furniture industry. And, my report to you is bleak.
Imports from low-wage countries really affected the industry here. And, even those companies that have been sourcing from the low-wage producers are doing poorly (look at their balance sheets).
Though the housing situation has had an effect in this industry, the low priced goods caused much of the harm.
So, right now, I am re-focusing my efforts - Into new product groups.
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Posted by Spike Matau, Seattle, Washington | Feb 13, 2008
How much do you think shipping costs have affected the furniture industry, which I remember China targeted for growth over the past five or so years, at least to U.S. customers on the west coast?
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Posted by Carl Foner, Brooklyn, New York | Feb 13, 2008
I sell eco-friendly computer products. It's a pretty new market, and mine is a pretty new business, so unfortunately I don't have any numbers yet.
However, from everything I can tell, it looks like it's going to grow substantially. A lot of the big names are getting behind eco-friendly tech initiatives such as the Climate Savers Computing Initiative, the 80 Plus certification, EPEAT, etc.
My main focus right now is connecting the dots between the manufacturers who are greening their products, and the consumers and businesses who are looking to buy them.
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Posted by Spike Matau, Seattle, Washington | Feb 14, 2008
You are definitely on the right track with this, my man. I read an article about this the other day so understand that all government agencies as of January are required to meet 95 percent of EPEAT (electronic environmental assessment tool) standards. And many manufacturing companies are falling in line as well. You're at the cusp of a great niche. Let me know if I can help. :)
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Posted by Neil Doherty, Valdese, North Carolina | Feb 14, 2008Spike, regarding your question about the effect ocean freight has had on business - It is having a great effect, especially with the rise in bunker costs (the diesel and oil) being passed along to the shippers.
With the current economic slow-down, and the lengthy production schedules in the low wage countries, some of the larger buyers (in variuos product industries) find themselves in a situation in which they are even trying to sell some of their (now excess) production in the global marketplace - so they do not have to incur the shipping costs. And, this is because if they have to sell it here at "salvage" prices, they may end up getting even less than the cost of shipping it.
Last year I wrote an article relating to this situation.
It's found at:
(http://neildoherty-business.blogspot.com/) -
Posted by Spike Matau, Seattle, Washington | Feb 15, 2008
Sweet. The rest of the world is catching up. We just have a huge head start.
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Neil DohertyMarket Research, Business Development, Trade...Valdese, North Carolina
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