The Things You Need to Know When Doing Business in Japan

Japan is a leading center for innovation, with its highly attractive business and living environment – making it one of the ideal locations to grow business in. As a survey by the Ministry of Economy, Trade, and Industry (METI) demonstrates – Japan has a stellar reputation among Western and Asian companies which are attracted to its Research and Development (R&D) capabilities and advancements and well-developed laws (i.e. intellectual property rights).

However, despite that companies are continuously pulled to Japan’s shores because of a number of reasons, and while it ranks as the world’s third largest economy; when it comes to ease of doing business, it lies in the 114th place – making the country quite difficult to penetrate.

For many businesses, particularly the Westerners’, the Japanese culture and their ways of doing business are often quite difficult to understand. It’s like trying to read emoticons not knowing what they mean – you are never really sure what’s going on in business meetings and negotiations and there is always that hesitation to ask questions because you might not get a straight answer or no answer at all.

Often times, the perhaps-most-asked-question, “why is business in Japan so difficult?” demonstrates the challenges faced by firms. However, rather than discussing the pitfalls of entering the Japanese market, it is better to consider the following tips of the things you should bear in mind when doing business in Japan.

Do your research.

Now, this might be a very obvious thing to do when establishing businesses anywhere. But when entering the Japanese market, there is no winging – conducting significant market research in Japan before launching your service is very crucial as it is one of the primary keys of creating a winning market entry strategy.

One of the important things to conduct research about is understanding the Japanese consumer behavior. According to Nicolaos E. Synodinos – in his paper “Understanding Japanese consumers: Some important underlying factors” published in the 2001 Japanese Psychological Research – understanding the “critical factors is a necessary, although not sufficient, condition for the development of theoretical frameworks of Japanese consumer behavior.” Moreover, he added that pinpointing the important factors that affect Japanese consumption can broaden one’s understanding of consumer behavior, in general.

Create a digital presence.

Japan has the reputation of being technologically advanced. This means that they are very much aware and can easily adapt to the modern technological changes, particularly the social media. One of the most popularly used social media platform in Japan today is Instagram.

While the rest of the world use these applications merely for entertainment, the Japanese people understand that there is more to using them than just sharing photos, they utilize them as tools to share experiences.

Grab the opportunity to create a well-thought-out digital strategy and web presence. This will not only capture consumers’ interests and attention but will demonstrate that you are serious about being successful and most importantly, will create legitimacy.

According to an article written by Gary Mcrae, there are three critical points to consider when creating a Japanese website: always use a native Japanese copywriter, make sure that the owner or the CEO of the business is on the website, and always remember to put the FAQ page as it will help build trust among the inquisitive Japanese consumer.

Learn the Japanese business etiquette.

Aside from having a competitive mindset, the Japanese put a high level of value on etiquette and the different protocol during business affairs. And because this holds true to foreigners as well, though the Japanese are generally forgiving to foreign partners as long as they show respect and effort to understand the Japanese culture, it is important that you learn even the basics.

While it holds true that the nature and make-up of market in Japan is quite different from the rest of the world and thereby “has been characterized as an enigma to most foreign observers”, analysts believe that in terms of quality of growth, its rivals – particularly China which has a love-hate relationship with Japan (over issues such as world war, Nanjing massacre, and territorial disputes) and overtook Japan in 2010 to become the world’s second-largest economy – still lag Japan.

How to Become a Successful Etailer

The number of ecommerce and etailer businesses are continuing to rise. In fact, by 2020, online purchases are predicted to represent 14.6% of all sales worldwide, reaching a staggering $4.058 trillion.

While shopping malls and stores are experiencing a decline – of the 1,200 malls across the US, only half are expected to remain open by 2023 – thanks to convenience, competitive pricing and fast delivery services, ecommerce businesses are experiencing an unprecedented boom.

But with so many new ecommerce businesses appearing, how can you launch a successful etailer?

Social Media Presence is Key

Social media for etailers can do two things: build brand reputation and increase customer base. Social media provides an opportunity for online businesses to increase their presence, interact with customers, drive conversations, and give their brand a personality. Posting social media stories, answering questions and liking comments can all help to drive traffic, helping your ecommerce business to become successful.

Find Your Marketplace

There are two ways to operate an etailer: either by building your own website or launching a store through an existing marketplace. Each method has benefits – for example, a website allows you to design your own customer service and update your site’s SEO (make sure it’s optimized for mobile); while large marketplaces (such as Amazon and Etsy) are popular and viewed as trustworthy.

Software and Services

When starting your etailer business, you may be a solopreneur, or have one or two employees. Either way, with limited staff, it is essential to speed up and automate processes. This could include outsourcing accounting or hiring a software developer to build your website. This can free up time for core business activities – helping your company to grow faster – and make your business look more established and professional.

Think About Your Customer

Customers are vital to the success of an etailer business and should be your primary focus. Going the extra mile for your customers can help you to stand out from your competitors and  there are many ways to increase customer satisfaction. This could include: evaluating prices, offering free upgraded delivery, rewarding customer loyalty with promotions and discounts, and offering fantastic customer service.

Only Launch When the Above is Complete

Finally, wait before you launch. While you may be excited about your new ecommerce venture and eager to open your business, the launch is your chance to make a fantastic first impression – this is crucial to success. You only get one shot, so wait until everything is ready and in place.

As ecommerce continues to thrive, now is a great time to start an online business. Hopefully these tips will ensure your business is launch ready and help you become a successful etailer.

3 Things I learned While Working in Commercial Real Estate

Venturing into real estate offers individuals an opportunity to interact with people from diverse sectors. You’re able to develop a wide variety of skills that transform you from a newbie to a who’s who in the commercial real estate industry. But for you to succeed in anything, you must have sufficient passion to enjoy your career and enough resilience to pursue it.

Most people consider real estate to be a complicated endeavor. However, nothing could be further from the truth. Philadelphia commercial real estate contains all the information you need to start investing in real estate.

I learnt these 3 things while working in commercial real estate:

  • Networking is crucial

A huge part of the real estate business involves networking and making numerous connections. If you’re the reserved, introverted type, you’ll probably learn a great deal from real estate. It’s one of those careers that prompts you to be at your very best at all times. So volunteer for an organization, visit your favorite coffee shop more often, join a gym or get a golf membership at the local club. Introduce yourself to people and make new friendships. Those connections might prove to be beneficial in the future.

When speaking to potential clients, avoid talking a whole lot about yourself. Some real estate brokers just love rambling about themselves rather than talking about important real estate business. Here’s another tip: instead of trying to connect with dozens of people within a short span of time, focus your quality time on one individual at a time. This way, you will create better bonds and longer-lasting relationship with clients.

  • Get a mentor

As the adage goes, no man is an island. You’ll need a lot of professional help as you maneuver through the murky waters of commercial real estate. Be proactive and have an exquisite attitude. This will help you to be more approachable. Apart from showing some genuine interest towards senior brokers, be teachable. Listen to the words of real estate modules. Have one-on-one conversations with people that will add value to your life and career. Ask questions and seek clarifications where necessary.

It’s tough when you’re starting out in commercial real estate. It’s possible to close one or two deals within the first few months – what matters is your persistence. So get a few mentors, learn from them, research the market and learn your way around the ropes.

  • Maintain current trends

Many brokers make the mistake of sticking to their guns even when their peers learn advanced techniques of closing deals and making new connections. One thing I learned from this industry is to evolve. Maintain the learning curve and engage with the latest trends and technologies. After all, your ultimate goal is to become a lion in the real estate jungle. Be willing to actively learn new skills, expanding your technical knowhow to stay ahead of the pack. It also pays to follow your gut. Remember, life will throw you a lot of lemons. What you do with the lemons is entirely up to you. Make lemonade!

How to use discount codes for your business

Entrepreneur minds should concentrate on sales to help their business increase profit, customer base and continued production. Attaching this cannot be done on having a single channel but widening the possible ways to increase opportunities and take the advantage. The buying behavior is rapidly changing and tracking the customer and keeping him/her is a challenging experience all together.

There are various things that one need to cope with especially when doing business. Marketing your business will depend with your creativity and innovation and also how best you will be able to sustain the demand of the destined market. Online businesses are very competitive and require high quality marketing to draw customers near and always promising to act in their favor. Coupon Cause are the modern marketing tools especially online where the placed discounts lead to flock of sales, points redeeming and earning prestigious prices for the customers involved.

Benefits of offering customers a discount

Loyalty may not be easy to pay especially for long term customers but it is a hard one because new customers think they don’t qualify as they have just arrived in the channel. This should not be the case, those that have contact with the business need to be rewarded and always. Getting a new customer look at your product is hard but simple having a reward for a customer who get involved in your product. Discount in this manner will fetch you a great width of customers because they enjoy rewards.

Social media platforms have seen an increased number of marketing and advertising. This has however not left out the use of coupon code and discounts. It works easily when customers get information on their news feed. The fan or loyal customer will have a link posted in his feed. Those getting it for the first time will react and comment depending with the product feature and reward. All this will get back to you as you can monitor the progress. Also it is easy to display this discount code for the various products through tweeting and displaying the discount codes. This gives you a chance to enlarge the customer base and creating chances of converting them into prominent customers.

Dealing with coupon discount code:

1. Place them and attach an information that shows how you can win a discount. This is very vital to boost your business and also get customer informed. To some they prefer saving rather than rushing to discounts it’s your information sheet that can overturn them.

2. Social media platforms are the cheapest option to have a multiple following of customers and access to the rewards. It is the most visited and searched station than getting your advert in the world wide web where one may not tell the spelling of your product. Here the product advert can reach them through a friend and the game continues.

Businesses that use the discount code always get a good chance to prosper, and offer their customers something to keep them connected. As though you are gifting someone for a good job well done, this also helps reward those who are involved in your business even at the entry level.

Straightforward Tips on App Development

Developing apps can be a wonderful idea in the modern day and age. In just a few short years, applications for phones, devices, and computers have really taken off. With more and more people owning smartphones and other complicated gadgets, experts predict that this trend in downloading apps is not going anywhere anytime soon. This means that you stand to make a nice chunk of change if you focus your business sights on developing apps. While it can seem like a wonderful idea, there are details to keep in mind.

As with any business venture, there is going to be a bit of risk involved with app development. To see the success that you believe your company deserves, you need to make sure that you are on the right path. Consider these simple tips on how to see the most success from your development goals. The more you learn now, the easier it stands to be when the time comes for you to produce apps of your own.

Crafting the Idea

Before you begin with anything else related to the process, you might find that you need to come up with an idea. Apps are difficult because there are a lot of them on the market. You want to make sure that you are not encroaching upon territory that already has enough flags stuck into it. Instead, try to think about areas that are still somewhat underserved. Apps have been around for a few years now but there are still huge quadrants of consumer needs that remain unfilled.

Take time to do market research. Explore what services people tend to spend the most money on, as well as which services exist because of previous problems that went unsolved This can point you in interesting directions. For example, you might notice that people typically hate waiting to be seated at restaurants. This means that you can approach a solution to this issue in several ways. You can design an app for restaurants to alert customers that their tables or ready or craft a game that will make people forget about the wait times altogether.

Debating the Medium

So far, it stands to reason you have been thinking specifically about designing apps for phones. While this is a practical route to consider, it is far from the only type of device that relies on apps in the modern age. Computers, laptops, and devices of all types are now switching to operating systems that are more app-based than anything else. While you probably want to make sure that you are developing apps for all mediums, starting with one specific device can help to give your plans precision and focus.

An important service related to developing games for desktop computers is desktop application testing. This is a service that helps you by having consumers and professionals test out your apps before they are released to the public. You can gain some incredibly helpful data on your desktop app by using this method. Take a look at what offshore companies can help you to get this started and see if outsourcing this service to qualified individuals in other countries is a practical move for the future of your company.

Keeping Finances Tight

Developing an app can be a costly process. If you are going to see success from all of your endeavors, you may find that it is in your best interests to focus on your finances. Whenever possible, be sure to look at whether or not you stand to save by outsourcing. Having experts in other parts of the world assist with the development process can be incredibly helpful to your budget and might assist you with developing stronger business connections for the future success of your company.

In the modern day and age, apps are everywhere. Whether using them on their phones, home computers, or tablets, you can be sure that the average person uses a dozen or more apps on a daily basis. To capitalize on this growing trend, now is the time to put in your research and start examining what apps have not yet been brought into existence. By putting forth enough time and research, you are likely to see the right results from your plans and get to developing an app that people are going to download and love.

 

 

3 Ways To Remain Productive When Anxious About Making Money

Working for yourself seems like the glamourous option. Dress however you like, stay home all day, determine your own destiny. Of course, if you already do work for yourself, you know that it comes with a significant downside: anxiety.

When you’re not guaranteed a salary each month, money can be constantly on your mind. You’ve got debit orders coming off on the first of each month, and they keep building up. The internet alone comes with so many expenses: your service provider, streaming subscriptions, and the best VPNs all cost money.

And the anxiety is counterintuitive. Instead of scrambling to work harder and faster, many of us have the impulse to just… do nothing. Push it to the back of our minds and procrastinate.

Anxiety is a huge productivity killer. And when you’re relying on productivity to make money, and money is making you anxious, you can get caught in a vicious spiral.

To help you out, here are 3 of the most effective ways to remain productive when anxious about money.

  1. Set aside a worry time

Anxiety is necessary for survival. If we weren’t a bit anxious, we’d make reckless decisions that could get us killed. This applies when it comes to our careers. We need to be a little anxious so that we’re motivated to make the money we need to live on.

However, that anxiety becomes a problem when it becomes the soundtrack to our entire day. We stop thinking about what needs to be done and only think about what we need from it all.

An excellent technique to manage this anxiety is to set aside a time to worry about money. This can be half an hour during your day when you assess your finances, clarify how much you need and how much you’re making, and (if you want) freak out a little. Knowing that you have this time available eases your mind, telling it that it doesn’t need to be switched on to the dangers all of the time.

  1. Make time for mindfulness

Can taking time out of your day increase your productivity? Well, mindfulness time definitely can. Just 20 minutes of mindfulness can help you be way more productive throughout the rest of the day.

Mindfulness relieves anxiety, helping you focus and just feel better in general. It can be hard to take this time out, because it feels like you’re losing time that you could be working. But the increase of productivity means this time is more than worth it. Not only do you get stuff done, but you also feel more in control and happier with your working life.

  1. Use your future calm as incentive

Okay, this might sound strange to you at first. But when you feel anxious, the thought of being able to just relax is incredibly attractive. Procrastination will give you time away from your work, but it comes with a lot of guilt and even more anxiety. Think of how good you’ll feel when you can take a break after having completed your tasks.

Ultimately, you’ll need to find long term ways to manage your anxiety in order for your work life to feel as freeing as it should. But when anxiety is bringing down your productivity, these 3 tips can work wonders.

Why Private Jets Look Set to Overtake Business-Class Travel

If you travel for business on a frequent basis, you’ll be all too aware of how time-consuming and mundane the journeys can be – especially when you’re flying somewhere. And even though private jets used to seem like something only the rich and famous could afford, they’re now becoming a popular choice for executive travellers too.

Why?

Because they’re saving people a lot of time – and when you’re working, time is money.

Saving Time on the Ground

One of the first benefits you’ll notice when flying by private jet is how much time you save travelling to the airport. Unlike your standard commercial airlines, these smaller jets don’t require an abundance of staff and large runways. Therefore, you can hop on one of these jets at a smaller runway, which allows you to set off and land much closer to your desired locations.

With there being more minor airports available than large, commercial ones, you’ll find these smaller airfields are less congested, which adds to the overall enjoyment of your experience. Furthermore, a lot of private jet companies, like Vistajet, plan your journey for you, which makes the entire process a lot more convenient.

Saving Time in the Air

Because private jets aren’t tied to the same hubs and spoke networks that commercial jets are, you can fly directly to your destination without any stopovers. This saves a lot of time and hassle, particularly as many private jets travel faster as well.

As smaller jets often fly at a higher altitude, this means they’re flying above most of the air traffic, which also helps speed up your journey by providing a direct route. It also provides greater flexibility so you can avoid any disruptions due to adverse weather, too.

Saving Time as You Travel

Even though there’s nothing stopping you from working on a commercial plane, it’s incredibly difficult to keep your work private when there’s someone sitting right next to you. And, when you’ve got to deal with screaming kids, people getting up to go to the loo and other irritating disruptions, you’ll find it difficult to concentrate.

However, private jets are exclusive to you, which means you don’t need to feel concerned about confidentiality so you and your colleagues can converse with ease. And if you need to get work done, you’ve got the peace and quiet to do so.

Finally, one other huge benefit to flying via private jet is the fact you can stop off at different destinations on the way. This allows you to unite business with pleasure, and is another one of the reasons why executive travellers are starting to choose this mode of transport over business-class options.