Custom Made Crafts » Economy

B2B, B2C, B2G… huh?

admin — Tue, 12 May 2009 21:51:13 +0000

Navigating the sales jobs boards can be like a little like reading hieroglyphics sometimes. If are looking for a career change and not exactly a seasoned sales professional it can be difficult to decipher just exactly what companies are requiring. So before you send an embarrassing cover letter know the terms in the job description.

Of course, any sales job is going to require sales training and business training, but what really are the ABC’s or G’s of sales careers?

B2B:

B2B sales means business-to-business sales. This describes transactions between businesses, for example, a manufacturer and a wholesaler or a wholesaler and retailer. B2B sales are the most popular because of the sheer volume of sales that can be done. The term was originally coined to describe electronic communications between businesses and enterprises. It was only coined to distinguish from B2C sales. It is now also a widely used marketing term.

B2C:

B2C sales means business- to-consumer or customer sales. Most retail is considered B2C sales. When you buy a pair of shoes from a retailer it is going directly from the business to the consumer.

B2G:

B2G means business-to-government sales. It is a child of B2B marketing and is often referred to as public sector marketing. It includes communication techniques such as: strategic public relations, branding, marcom, advertising, and web-based communication.

It is also good to note there are many others as well. B2B is the most common term job hunters are likely to see on the job boards. Sales is a viable way to make a career switch. All that really matter is that a sales person knows their product or service and knows it well, the rest of the alphabet will just fall into place and soon enough you will just become and expert. Anyone with drive and great leadership skills can succeed in sales!

B2B, B2C, B2G… huh? is a post from: The Art of Business

Jobs Drying Up in Bangalore

admin — Mon, 30 Mar 2009 22:15:28 +0000

Migrant workers are leaving Bangalore, Karnataka in droves as the real estate market has come to a crashing halt due to global economic problems. Most construction workers in India’s Silicon Valley are migrants from around the country. Once construction jobs dried up, they were forced to return home in order to survive.

Outreach Onsite figures indicate that Bangalore had half a million migrant construction workers prior to the collapse of the local markets. In the last six months as many as half of them have abandoned the city. And local construction workers aren’t faring much better. Projects that were frozen due to the world-wide credit and banking crisis remain on hold indefinitely and there is little hope that they will resume in the near future.

The construction industry isn’t the only one hit by this economic slump. Tourism and hospitality industries are also hurting. One local restauranteur reported that his business has declined nearly 70 percent in recent months. His regular clientele was composed heavily of construction workers. Other businesses expected to report heavy declines include 5 star hotels Bangalore as well as retail shops and, of course, the local real estate market.

The bulk of Bangalore’s construction workers come from West Bengal, Tamil Nadu, Rajasthan, Bihar, Orissa, and Uttar Pradesh. In recent years additional migrants had flocked to the city from the north Karnatak region. Many were unable to find work in their home villages and were sending money home to support their families. With most construction halted in Bangalore, those who are left in the city know it is only a matter of time until they, too, will have to leave.

Jobs Drying Up in Bangalore is a post from: The Art of Business

The Real Estate Market in Majorca, Spain

admin — Sun, 29 Mar 2009 17:02:44 +0000

Majorca, the Balearic Island off the mainland coast of Spain, has been the most popular of the islands, as far as tourism is concerned, for many years. Not only as a holiday-party-all-night type of destination, but as a place to set up permanent residency. The beautiful beaches and sun-filled landscapes, the clear ocean and the wickedly fun night life has attracted not only visitors from across Europe, the rest of the world as well. The famous and the rich travel to island, not only for the scenery but for the cultural aspects and the metropolitan feel of the capital city of Palma. And over the years, Majorca has relished in not only the tourism industry, but the real estate industry, as the sales of new houses was steadily increasing, until the last financial quarter of 2008. That last quarter has been the most difficult and trying financial quarters to date. Sales of new property fell forty percent. And the number of sales to the British, in the past the highest category of new home buyers, dropped by fifty percent. Currently the main buyers on the island are from Switzerland, Mainland Spain, Germany and Scandinavia. One exception to this decrease in sales is the region of Majorca, with the best beaches and the best hotels Majorca, which experienced the most profitable year to date. Ironically, it the area with the most inflated priced property of all the island. Not only have sales remained stable, they have actually increased.

There is fine balance between supply and demand. New developments are under strict supervision, in hopes of leveling out the current drop happening around the rest of the island. Other notable hot spots in the Balearic region, are the islands of Formentera, Ibiza and Minorca. And according to statics provided by the National Institute on Statics in Spain, tourism has risen by just about twenty percent. So has the immigration risen, bringing travelers and future residents from Italy, Morocco, and London. As it stands, of the current local population, foreigners make up thirty-five percent. With some planning and careful executed ideas, the decline in the real estate market on Majorca, and all of the islands will bounce back by the close of 2009

The Real Estate Market in Majorca, Spain is a post from: The Art of Business

Saving Singapore’s Economy

admin — Sat, 21 Mar 2009 21:58:27 +0000

Singapore has been enjoying a rapidly growing tourism sector for many years now. Rates of migration to the country and visitors desiring to become involved in the local businesses and markets alone have brought both millions visitors and vast amounts of income to the city-state. Last month, however, given the global economic downturn, travelers and big businesses alike began to tighten spending. In response the Board of Tourism for the state proposed an initiative that would ensure the continued growth, sustainability and strength of tourism for the city. All sectors of all businesses globally have been feeling the effects of the economic crunch and concern. In reaction to these developments businesses and individuals alike lowered overall spending on items and services over the past few years. In February the board met for a conference to discuss the fact that further downturns are on the horizon and that times are primed to remain difficult for the short-term future.

Wishing to preempt major economic losses and with a mandate to help the inhabitants of Singapore secure the jobs that they still hold, they proposed investing ninety million dollars into the tourist sector with the hope of securing the futures of the service industries such as restaurants, convention centers and the magnificent Singapore luxury hotels.

The convention drew a large and diverse number of participants, more than 450 members of the very diverse businesses that provide necessary services to the travelers frequenting Singapore for vacation or for business trips. Their goal for 2009 is to so ensure that the majority of jobs will be secured and that the tourism industry remains a viable and successful one. In part, this is to remain one of the world’s top entertainment cities and continue to draw international interest in the philosophy and the dedication to the Singaporean work ethic. The people of Singapore have one of the highest quality of life compared to other cities of their size and stature, for along with successful big business the inhabitants can enjoy some of the best educational systems, public health care and are living in a city that while the population is growing the crime rate is falling proportionally. For the people living and working there, this is good news as the hard times of the current global economic recession has not drastically affected that quality of life, however nobody is certain about what the future holds.

Still, this is a city that is not waiting for disaster and massive job losses, they are finding solutions for these times before the problems actually arise.

Saving Singapore’s Economy is a post from: The Art of Business