Monthly Archives: July 2017

Should You Know About Top 3 Growth Stocks of 2017

Also, you need to appraise the market in general. With Republicans controlling Congress and the White House, stocks in general may do well due to fewer regulations and lower taxes. However, the Fed has indicated it will raise interest rates, and that can affect the cost of borrowing money to do business.

These cross currents suggest conflicting influences on growth stocks. However, the expanding economy may be the most important factor. Demand for products and services looks like it is on the increase.

1. The Walt Disney Company (DIS)

Disney won’t grow fast because it is so large. However, it continues to provide entertainment that is in high demand. Through its film studios, television networks, parks resorts and products, it manages to touch just about every demographic. From ESPN to Star Wars, Disney seems to have the public’s taste for entertainment covered.

The chart indicates that the stock was in an uptrend since November 2016, but had a sharp drop in May 2017 and is in a downtrend. Some investors may see this as a buying opportunity, but the stock tried to break out and failed. It may have more downside in the short term. However, the history of the company suggests long-term growth will continue at some point.

  • Avg. Volume: 7,090,546
  • Market Cap: $167.14 billion
  • PE Ratio (TTM): 18.63
  • EPS (TTM): 5.73
  • Dividend & Yield: 1.56 (1.45%)

2. The Brink’s Company (BCO)

This company has expanded well beyond moving cash around in armored trucks. It also provides security systems, payment processing, cash management, guarding of airports and companies in other industries, and smart safes.

The company experienced 10% growth in its fourth quarter, but dropped slightly the following quarter. The quarter ended June 30, 2017 saw a rebound in revenues.

Brink’s stock has been in an uptrend since December 2016 and broke sharply higher in early February 2017. It has continued its uptrend from there. This indicates increasing demand for the stock.

  • Avg. Volume: 421,533
  • Market Cap: $3.9 billion
  • PE Ratio (TTM): 54.67
  • EPS (TTM): 1.41
  • Dividend & Yield: 0.60 (0.80%)

3. Amazon.com Inc. (AMZN)

Amazon continues to add to its stature as a retailer by moving into streaming video and web services. And it’s making a move into groceries by purchasing Whole Foods.

The chart suggests the stock hit a resistance point at around $840 per share. It reached that level in November 2016 and dropped sharply. It broke above that level on higher volume and has continued its climb from there.

  • Avg. Volume: 3,928,604
  • Market Cap: $476.3 billion
  • PE Ratio (TTM): 186.72
  • EPS (TTM): 5.31
  • Dividend & Yield: N/A (N/A)

 

Looking into the Future of Your Small Business

Small business owners have to constantly look toward the future in order to retain long-term success. This means keeping an eye on tech trends, finding the best times to make investments and adjusting your marketing efforts. For more on looking to the future of your small business, check out these tips from members of the online small business community.

Evolve into a Tech Company to Secure Your Future

Technology is at the center of so many successful businesses. Even if the product or service you sell isn’t directly related to technology, you can still use tech to secure your business’s future. Learn more in this blog post from Susan Solovic.

Accomplish Business Goals in the Summer

The summer months can be a great time to get a lot done for your business, according to this post by Malla Haridat. Learn why you should take advantage of this time and look toward the future of your operations. Then see what BizSugar members are saying about the post here.

Don’t Drown in Content Chaos

Content marketing has become so popular among businesses in recent years that some have even gone a little too far in their quest to create the best content. In this Target Marketing post, Kevin Joyce explainsthe importance of strategy and process when it comes to content marketing, rather than allowing your business to drown in content chaos.

Improve Your Productivity Through Telecommuting

Telecommuting has gotten increasingly popular in the last several years, and for good reason. It’s not just about allowing people to experience the convenience of working from home. It can also improve productivity, as this Biz Epic post by Michael Peggs details.

Learn the Art and Science of Sales

Increasing sales in your business is no longer just about making phone calls and handing out business cards. There’s an art and a science to selling in today’s world. Learn more in the Strella Social Media post by Rachel Strella. Then check out the commentary from BizSugar members.

Jump into Investing with Micro Investments

You no longer have to save up for decades to become an investor. Micro investments have gained traction in recent years. And individuals and businesses looking to save some money could potentially benefit. Adam Henshall elaborates in this Process Street post.

Grow Your eCommerce Revenue with These Customer Centric Methods

Growing an ecommerce business takes more than just listing some products on a website. These days, customers expect a great shopping experience. So if you want to increase sales, you need to do so using customer centric methods, such as the ones listed in this Kissmetrics post by Ethan DeYoung.

Learn How to Deal with Impostor Syndrome

When you grow your business quickly, it’s natural for some entrepreneurs to feel like impostors, or like they don’t deserve the success they’ve achieved. But on the Venture Catalyst Consulting blog, Cate Costa argues you can overcome this issue. And BizSugar members discuss it even further here.

Make Your Content Efforts More Scalable

If you want your business to survive well into the future, then you need to make sure your functions and processes are scalable. And that includes your content creation. This Content Marketing Institute post by Michele Linn focuses on the scalability of content marketing for businesses.

Build Brand Loyalty Like Amazon

Even if you don’t want your business to be just like Amazon in the future, there are still things you can learn from the ecommerce giant — especially when it comes to brand loyalty. This post by Patricia Cheng on the Right Mix Marketing blog goes into more detail about the concept.

Easy Steps to Start a Subscription Business

Subscription boxes can be a great way for ecommerce and retail businesses to gain regular customers and expand offerings to fit customers’ changing shopping habits. It can also help businesses that are simply looking to boost sales or move excess stock. If your business is one that’s considering starting a subscription box, check out the tips below.

How to Start a Subscription Business

Come Up with a Unique Niche

There are already tons of subscription boxes out there, including those for snacks, makeup, clothing, sporting goods and more. So if you’re starting a subscription service, you need to have something that makes yours stand out.

That doesn’t mean you can’t sell food or makeup. But you should stick with whatever niche helps you differentiate the rest of your products. For example, maybe you could launch a subscription box that’s just for all natural skincare products, instead of one that’s just for beauty products in general.

Source Products

From there, you need to source the actual products to include in your boxes. If you already source products for an ecommerce or retail store, then you can explore using those same suppliers. But you’ll want to make sure you can find products that are going to be both cost and space effective so you can easily include them in a monthly box with an assortment of products. For example, you might consider sourcing sample sized products of the full sized ones you carry in your stores.

Source Shipping Materials

For a subscription box, you also need to carefully consider the actual box and shipping materials. Consider the box, packing supplies and labels. And you’ll also want to make sure that you’ll be able to get those supplies in bulk to fulfill all of your orders each month.

Set Your Price

Each subscription box should also have a set price for each month. And you should establish that price point early in the process so you’ll have a budget for your products and shipping materials. Just make sure that the price is reasonable enough so your customers won’t have a problem paying it regularly, but high enough to cover your expenses and bring in enough extra to make the process worthwhile.

Design Your Boxes

When you’ve got the general idea about your products and shipping materials, you need to actually design the box. This doesn’t just mean decorating the outside of the box, though having a unique look to your shipments can be a nice touch. You’ll also want to consider the actual unboxing experience. So create a prototype using your sample products and shipping materials to ensure that everything fits, ships safely and creates a great experience for your customers when they receive their order.

Find the Best Shipping Rate

Shipping costs can also be a major factor for subscription businesses. So take it seriously and shop around to get the best rate. In some cases, you may be able to get a bulk discount if you’re shipping all of these packages regularly. But make sure your choice makes the most sense based on the size and weight of packages and on how quickly your customers expect to receive their orders.

Plan Your Fulfillment Process

The actual process for fulfillment is another important step. Consider whether it makes the most sense for you to pack and ship orders in house or if you should hire a fulfillment service to do some of the work for you. If you have just a few subscribers, for instance, it might be possible just to put together all of the boxes yourself. But if you are growing quickly and want to ensure a seamless experience for all your subscribers, then shop around for a fulfillment service that can help you.

Find Places to Sell Your Boxes

Of course, no subscription box can succeed if customers don’t have an easy way to sign up. Of course, you can do this on your own website. But to expand your customer base and get your subscription box in front of more eyes, you can also list it on marketplace sites like Cratejoy.

Build Buzz

Then, you need to build some buzz around your new offering to get people excited about signing up. Collect email addresses, post on social media and maybe even invest in some online advertising. You can also do a pre-launch where you offer an early version of your box to loyal customers and influencers to get even more people talking about your new offering.

Launch Your Subscription

Once you’ve done all of that, it’s time to officially launch your new subscription box. Of course, you’ll need to continue marketing and building buzz even after you launch. And consistently providing great products and a memorable customer experience can go a long way toward ensuring long relationships with subscribers.

Knw More About Drones

If you’re hoping to have a pizza delivered by drone to your house soon, you might have a wait. One industry expert sees a different future inspecting remote pipelines and such for drones. Brandon Declet knows what he’s talking about.

Talking Drone Rules and Regulations

Declet is the CEO and Co-Founder at Measure, one of the first companies to offer drones-as-a-service. The firm was  invited to Washington recently for an American Leadership in Technology Event at The White House.  Declet spoke with Small Business Tends recently about where the industry is going and how regulations need to change.

Drone Service Operator

First Declet spoke about his company’s experience at the White House.

“We met with senior administration officials including the Deputy Secretary of Transportation, as well as officials from the FAA and officials from The Office of Science and Technology Policy at the White House,” Declet said. One focus was finding ways to allow for more commercial drone operations in America.

Current Friendly Administration

Measure operates in DC and has fifty employees. The company finds the current administration friendly to companies operating drones in American commercial airspace. Measure hopes one operating regulation specifically might be tweaked.

“To scale our operation into a big business, we’re looking at opportunities to fly beyond the visual line of sight,” Declet says. “This would open up new possibilities like inspecting transmission towers and pipelines.”

The Visual Line of Sight

This regulation prohibiting operating a drone beyond the visual line of sight of the operator certainly creates a limit to uses of the technology.  The visual line of sight is the distance the operator can physically see without using any monitors.

There would be several jobs drones would be able to take over with the  right regulatory changes. These jobs include inspecting remote wind turbines,  checking on cell towers so workers don’t need to climb them, or even providing real time news coverage.  Declet understands some bugs would need to be worked out first, however.

Key to Adjustments

“The big fear is that if you’re flying beyond visual line of sight, you can’t see your own aircraft or others that can be in the way,” he says. Any adjustments would include protections for both manned and unmanned aircraft.

Still waiting for drones to start delivering your groceries and box store purchases soon?  Declet says that might not be the norm for five to ten years, if then. His company has done some of these deliveries, and found the costs high.

“Deliveries in urban environments might prove difficult,” he says. “To be honest, what drones are going to be really good for are the dull, dirty and dangerous jobs.