Event Service Business Ideas. From family celebrations to corporate conferences and everything in between, hosting an event almost always requires many hands on deck. And with business-to-business events alone representing a $30 billion industry, it should come as no surprise that so many opportunities exist for new service businesses in this ...
Coupon sites offer coupons or resources for coupons whereas daily deals offer deals for a product or service. Running a coupon site allows you to use affiliate or aggregator sources and pays a percentage. Daily deals, especially those you negotiate yourself, can pay up to 50%. It is possible to have a site that offers both.
Not just that, improving customer service can save you money! In fact, companies lose more than $62 billion due to poor customer service, according to NewVoiceMedia. Unique Customer Service Ideas to Improve Customer Service. Businesses often want to differentiate themselves from their competitors by doing something unique.
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R & D (Research and Development): It is the formal department of any organization to generate new ideas. R &D department research according to the company’s future plan and then come up with the new ideas which complete its journey with the commercialization of the idea (product). One recent survey showed that traditional R&D only contribute less than 15% of the ideas of the organization.
According to the Insights Association, 60% of new product launch ideas never even make it to market. Of the 40% that do, only 60% are able to generate enough revenue to become commercially viable. Other studies found that between 30% and 80% of new products fail, depending on the industry.
The failure rate for new products and services can be as high as 90% in some sectors. Luckily there are some simple ways to increase the odds your product will avoid the same fate.
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