Create A Shared Resources for Small Businesses.

Shared resource is an asset that a business creates and then rents out to customers for a fee. It is a durable asset and saves the customer a lot of money that he would otherwise have to spend in purchasing the equipment/machinery/service. A customer pays the owner a certain amount for the usage. By paying a small amount to the owner, the customer gets access to his asset. For example, internet cafes, self-service laundries, or gyms and fitness clubs where members use the treadmill, exercising bikes and other equipment after paying the membership fee, without having to purchase them.

Following are a must to create a shared resource:

1. Creating something that people have the use for but is not available to everyone.
2. Charging enough to maintain and improve the shared resource from time to time.
3. Serve more people without comprising on the quality of each user’s experience.

Resale

This is the category of finished items that are sold by a manufacturer/distributor to a retailer, eventually intended to be sold to a consumer for profit. These people are not considered the end user of the goods at the time of purchase, because they own it in a distribution phase.

Sourcing good products at a low price and managing inventory levels are the key to success in this kind of business. In this phase, any sales tax paid by the retailer for these goods is considered cost of doing business and can qualify for tax reduction. In order to provide value, a reseller must:

1. Make bulk purchases to reduce cost.
2. Protect the product from all kinds of possible damage, because a damaged product cannot be sold.
3. Keep the inventory cost low by selling the product quickly.
4. Possibly sell a product at different rates in different markets, depending upon factors influencing market conditions.

Resellers are valuable and play a vital role in the business world. They add value to products by making it easier for manufacturers to sell and consumers to buy. Resellers also provide services that make it less risky and more fun to buy products. Without a reseller, it would be very costly for a manufacturer to locate and distribute a product to a consumer individually. Most successful retailers establish close relations with the business that supplies goods to them, in order to ensure continuous and reliable supply of goods at a reasonable price.

Subscription

It is the amount of money that you pay regularly to receive a product or service. It provides pre-defined benefits on an ongoing basis, in exchange for a recurring fee. The benefits received by the subscriber can be tangible or intangible in nature. In order to create a successful subscription, you must:

1. Provide significant value for money, on a regular basis to each subscriber.
2. Continue attracting new subscribers after building a subscriber base.
3. Retain each customer as long as possible.

Lease

Lease is a contract outlining the terms under which a party that owns a property agrees to rent it to another party. It guarantees the lessee, the tenant, use of an asset and guarantees the lessor, the property owner or landlord, regular payments from the lessee for a specified number of months or years. If the lessee or the lessor fails to uphold the terms of the contract, then they have to face legal consequences. An asset can be a car, a house, a DVD player, or anything that is durable enough to serve rental to another person. To provide value via lease you must:

1. Acquire an asset that people would like to use.
2. Lease an asset on favorable terms to the customer who is willing to pay.
3. Save yourself form loss or damage, through security deposit or insurance.

It is not possible for everyone to buy an electronic car or a motor boat, but almost everyone can certainly lease or rent one. A person can live in an expensive apartment or a building by paying a small amount of lease to the owner. Leasing helps the customer to use the asset for a fixed period, by paying a fee which is much less than its actual purchase price, without having to purchase it.

All big companies have a website, and they did not become big without it. If you do not have a website for your business, that’s the first thing that you will need and must have after the necessities. If you are hesitant and need someone to guide you on how it actually works, or need assistance in getting a website for your company but have no idea how you are going to maintain it once you have it, get in touch with HyperEffects.