LIONS Game 9/16

Our Modern Executives an amazing time 

at the LIONS game this past weekend! 

Thanks to our management team for the tickets.

Vegas 2016!

VEGAS HERE WE COME!

Travel Tuesdays

Pictured: Pepi (left) and Debbie (right) at our National Conference 2016

Today, our Organizational Administrator Pepi will be traveling to our Troy location to meet all of our Executives as well as to catch up with our management team. We are excited to have you here with us!

Vegas 2016

Let our Travel Tuesday begin! 

It's almost time for our annual trip to Viva Las Vegas! It's amazing that the Modern Marketing Detroit team gets rewarded with an amazing trip every September to explore sin city. If you would like to see how our trip went last year, check out our Vegas 2015 photo album!!!

See you soon Vegas!

14 Ways to Save Money When Starting or Growing a Business

1. Mentors and Advisors

Instead of paying for advice on legal, accounting, funding or other key business issues, use your brain trust of mentors and advisors as much as you can for advice, feedback, and meeting other important contacts.

2. Free Consulting Services

Organizations like SCORE and your local Small Business Development Center (SBDC) offer free consulting and training. SCORE has more than 300 chapters in the United States, and everyone who calls gets an appointment. There are nearly 1,000 SBDCs in the United States that offer free consulting and educational services.

3. Barter or Trade

Bartering -- swapping one thing for another -- has been an effective way of doing business for centuries. In recent years, bartering has evolved into a sound strategy for finding goods, trading services, conserving cash, moving inventory, and locating excess production capacity. The International Reciprocal Trade Association (IRTA) helps match up companies interested in bartering for goods and services.

4. Nonmonetary Incentives

Members of your team will often work for equity or deferred payments rather than initial salaries. This will help you keep costs down during the launch and early growth stages of your business.

5. Supplier Partnerships

The right suppliers can save you a great deal of time and money: They can provide high-quality materials, help with product development, offer on-time delivery, and allow extended payment terms. Obtaining 30 to 90 days of trade credit is the best business loan you can get.

6. Customer Partnerships

Partnering with customers during your launch is an excellent cost-saving strategy. Select a few key customers, and offer them deals they cannot refuse: discounted pricing, special packaging, strong support, etc. In exchange for these deals, ask for long-term commitments to purchase your products. And whenever possible, get customers to pay early -- ideally, even before you deliver their products or services.

7. Outsourcing

Outsourcing is a multibillion-dollar industry. You can find outsource partners to provide just about any product or service you need. Outsourcing turns what would normally be a fixed cost into a variable cost because you only use the service when you need it.

8. Distributors, Reps, and Affiliate Partners

Most industries have distributors, manufacturers’ representatives, and affiliate partners who will sell your products through their existing distribution channels, which can be extensive. This is a great way to build sales quickly and conserve cash because you don’t pay the partner until your products are sold.

9. Commissioned Sales Force

Use a commission sales program when you’re ready to hire team members to sell. This will attract people who really believe in you, your products, and your purpose. It also conserves cash by keeping your fixed costs low.

10. Work Virtually

In this new age of technology, it’s possible to work from just about anywhere: from home, in your car, at the airport, or in a hotel room. By working virtually -- and allowing your employees to do the same -- it’s not necessary to take on the expense of establishing an office when you’re launching your business.

11. Borrow, Rent, Buy Used

Find ways to use other people’s resources in addition to your own. Whenever possible, borrow rather than rent; rent rather than buy; and buy used rather than new. Some industries have excellent equipment available for a dime on the dollar. Also, go to bankruptcy sales and auctions to see if you can find what you need.

12. Use Free Software

Free and inexpensive software is plentiful online. Various available programs can help you manage your finances, plan your projects, track your customers, and much more. You can also take advantage of free trial periods for most business software. This gives you a chance to use the application for free for 30 days or more to determine if you really need it.

13. Minimize Your Expenses

Keep your personal expenses to a minimum when launching your new venture. This isn’t the time to buy a new house or a new car or take on personal debt. The longer you can live with minimal expenses, the better off you’ll be. Likewise, don’t take on any ongoing business expenses unless they’re absolutely necessary.

14. Sell, Sell, Sell

In startup companies everyone is in sales. All your team members need to talk about your company, promote your products, and assume responsibility for producing revenue. Remember, low costs and early cash flow are critical to success.

OSP National Conference 2016 Winners

Modern Marketing business plan is something that is out of the ordinary. Not many people are able to be on magazine covers, get a luxury car as a gift, or even be able to get an all expense paid family trip to a tropical destination within their company. The best part of our business is the unlimited growth we are providing each and every day to our executives. Congrats to everyone who has won an award at our National Conference 2016!