Palm is one of the leading smartphone in USA as well as the world but seem like the company can stand exploring the latest technology for its smartphone as well as the economic crisis. Even with the Pre and Pix, the company still can't make much profit. Of course iPhone and the Google Android did very well recently.
According to Bloomberg, Goldman Sachs and Qatalyst Partners called for bids for the company as early as this week. In respond for the bid, Taiwan’s HTC Corp. and China’s Lenovo Group Ltd. are very interested in the bid and will be the potential bidder. Dell Inc. is also interested but not show any offer yet.
Who will be the new owner of Palm?
When you start developing your multiple streams of income business by adding products and programs which are available on your website, there's a very specific policy you need to have in place... and that is a clearly defined Sales Policy.
Before we get into what this is about and why you need it, let me just take a minute to ask you how you would handle the following scenarios:
- You offer a discount to prospective clients of either a dollar amount or percentage off the price of your product/program if they purchase before a certain date. A client comes to you after the deadline and says they didn't read your email in time, can they still receive the discount? What do you say?
- You are offering quite an expensive program so decide to make things easier on your clients by offering a payment plan. Part way through the payment plan one of your client's credit cards gets declined. What do you do?
- You offer a guarantee on your product/program and a client comes to you asking for a refund that is outside of your guarantee period. What do you say?
Start a business with innovative ideas: Most of the self made billionaires started their small business with an innovative idea. Their innovative ideas helped them to beat competition and in luring major market share towards them, because the customers were able to enjoy additional benefits from these innovative ideas as compared to the products that were previously available in the market. Before the advent of Google search engine, stalwarts like Yahoo! and other major search engines were already successful and leading in the market. But, Google came up with a few innovative ideas like conducting searches based on the keyword and the websites popularity that helped people search for information in a much better way. These ideas were so well received and popular that Google went on to become the number one search engine.
Do not fear competition: Rather than fearing competition, these people focused on coming up with ideas that would offer something better and additional to the user. They concentrated and focused on ways to improve their products or develop and generate something new and thereby, got many investors to invest in their business as the investors also could see a lot of scope and potential in their ideas that would help them to make millions. Perfect examples of those who made it happen are Bill Gates and Larry Elision. Bill Gates knew that there were various billion dollar industries such as IBM who had numerous software developing experts. But, he had confidence in himself and his idea and really made it happen. Similarly, Larry Elision came across a research paper that had been written by a certain IBM expert and, with his vision, converted the idea into a business opportunity, of which IBM itself was unaware of. Always try to develop a sound idea that will prove to be helpful to a business as well as to the customer.
Getting yourself ready for the upcoming events is the best part of business today. Everyone who takes his or her step into business world would like to see their business keep growing and they are willing to struggle every pain. It is very important to build up good reputation for the whole society since it can help you to be ranked in everyone's mind. There are five ways that you must considers to make sure that your business image is staying strongly in perception of everyone.
- Simple but serious: The starting point of your business is very important and something so special should be done there. Try to show them that you are professional and responsible. People would like to hear the word RESPONSIBLE in business. Anyway, do not show that you are very fashion or say something beyond your capacity since people will realize it sooner or later.
- Customer Service: If we are talking about customer service, it is really a broad topic which can be hard to achieve. To be short, your customers need to be cared. They will judge your business by just looking at the way you treat them even before using it.
- Company logo: Why logo is important? Companies use logo to mark their companies. Your customers will know that you are there by just looking at the logo there. Logo should be simple, clear and unique. It also should somehow tell your customer about your business.
- Be Online: You should consider spend a few hundred USD on hosting your own website. You customers feel free to get information from your company no matter where they are.
- Socialize: Donate some percentages of your profit for the sake of society. It lets people know that your main purpose is not only to make money but also for the community.If you are a computer company, you should provide some computer training courses each year or a space for students to use internet for free for their research.
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