My Business Journey Journal Archives

An Extension to Expand Our Reach for Growth

Recently on Sheri’s Dream Catcher’s My Business Journey Journal our topic of discussion was an extension to expand our reach for growth. We learned that affiliate marking may be an opportunity to earn some extra cash. At the same time, we are trying to grow our site traffic and increase our product sales. Overall, you need to know the basics of how an affiliate program works before affiliating.

What is an affiliate?

An affiliate is a type of performance-based marketing. Also known as pay for performance advertising. Basically, a business will pay a reward to one or more affiliates for driving traffic to their business who generate sales from the affiliates’ marketing efforts. It should be noted that prior to receiving the reward/payment, an agreement is made between the two.

Furthermore to ensure our marketing efforts are cost effective and low risk, companies will only pay out when a sale is made while also offering flexibility to pay publishers for influencing sales. Besides, paying for performance rather than for clicks ensures our affiliate marketing is a low risk form of marketing.

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How does affiliate marketing work?

First, you will need to find and join an affiliate program. For instance, you can research the affiliate marketing programs that best fit your creativity. Second, choose which offers and products to promote. Do you have a specific niche you are focusing on? That might be a good place to start. Third, obtain a unique affiliate link for each offer. This is important because the link you post is how the sale is tracked back to you so you can earn your commission. Fourth, share your unique links on your blog, social media platforms, or website. As a result of your marketing efforts, you have the opportunity to collect some money any time someone uses your links to make a purchase.

Keep in mind, affiliate marketing takes time. That’s why patience is a virtue and hard work pays off.

Which type of affiliate program is for you?

Affiliate marketing is not for everyone, nor is it easy. However, if you want to try it, figure out which type of affiliate program is best for you. Sometimes, a little trial and error can help too! Indeed, I am more of a content marketer because, I share unique links on my blogs and web pages. Last but not least, I have listed a few types of programs below for you to review and research on your own.

Content marketing programs
Coupon-site programs
Review-site Programs
Loyalty Portals
Incentive Programs
Email Marketing
Digital assets
Traditional Media

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Do affiliates pay taxes?

Since affiliates have the opportunity to make sales and earn a commission, they will need to pay taxes on the money they earn. So the answer is yes, affiliates pay taxes. First and foremost, you will need to treat the earnings as an individual and file these earnings on your own personal tax return. Specifically, you are required to file Form 1120 with the IRS to report earnings.

How much do affiliates make?

The most frequent and biggest question asked is how much do affiliates make? The answer is really simple, it all depends on you. You always get what you give. Are you putting 110% into your marketing efforts? Are you connecting your links correctly? Are you creating great content to drive traffic?

However to answer your question because you prefer to skip to the earnings verses learning all the steps, I will share with you what I have found through my research. First, low-level affiliates can earn up to $300 a day. Second, intermediate levels earn between $300-$3,000 a day. Third, a high-level affiliate can earn above $3,000 a day. Finally, super affiliates tend to make more than $10,000 a day. Also known as a “guru” of affiliate marketing.

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What are the Seven steps in affiliate marketing?

Below are the basic seven steps to help you when beginning your affiliate marketing efforts. Again, I would recommend doing some research and learning the basics before jumping into affiliate marketing. That is just my suggestion. Don’t take my word for it, trust in yourself!

Decide on a platform.
Choose your niche.
Find affiliate programs to join.
Create great content.
Drive traffic to your affiliate site.
Get clicks on your affiliate links.
Convert clicks to sales.

Overall, what are the basics for how affiliate marketing works?

Because the program is simple yet complicated, I am starting to feel like I am repeating myself. First determine if affiliate marketing is for you. If so, begin with recommending a product or service to your followers through your website, blog or email list. Next, hope and pray your followers purchase the product or services using your unique affiliate link. Then, you will get paid a commission for the sales you made with your unique link.

Hiking in Hawaii with my kids!! I Envisioned, I Captured, I Roamed.

A Dream Come True for our Family

To join our Affiliate Program, visit Envision Dream, LLC at www.envision-dream.com and start earning your extra cash!

TO LEARN MORE ABOUT An Extension to expand our reach for growth-WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Why Affiliates?

https://www.youtube.com/watch?v=n05MvWQpvKY

If you’re prepared and knows what it takes, it’s not a risk. You just have to figure out how to get there. There is always a way to get there.
Mark Cuban

If you enjoyed reading An Extension to Expand our Reach for Growth subscribe to our e-mail list at Sheri’s Dream Catcher to stay updated with new blog posts

Opinion Disclaimer-This is a personal blog. Any views or opinions represented in this blog are personal and belong solely to the owner and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company or individual

Drop Shipping is a Useful Opportunity

Recently on Sheri’s Dream Catcher’s My Business Journey Journal our topic of discussion was Drop Shipping is a Useful Opportunity. We learned that Drop Shipping is not for everyone and nor is it easy. However, it is a low-risk business model that allows you to sell products to your customers without incurring huge running costs. Stemming off of our previous My Business Journey Journal Topics, we are expanding our options when it comes to our goods and services that we want to sell for a profit while giving value to our customers.

What is Drop Shipping?

Drop shipping is a low-risk fulfillment method where you do not need to store actual inventory onsite. Instead, orders are fulfilled, and inventory is shipped directly from a third party to the customer. As a result, you only pay for the item when it is purchased, thus lowering your overhead costs.

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What is a drop shipping procedure?

When you have a drop shipping business model, you are not required to have a physical store. For instance, a drop shipping business is typically seen as an online store. Previously in our Storefront Vlog we learned the differences of a physical storefront and a virtual storefront. Some physical retailers may keep potential drop-shipped items on display and provide details on how the customer can purchase the product. For this reason, the retailer may arrange for the products to be shipped directly to the customer from the manufacturer.

The Pros and Cons of Drop Shipping

The pros for drop shipping is that there is low risk. Such as not having to invest a ton of money into inventory that potentially may not sell. Since you do not need to stock up on inventory, you do not need to secure a warehouse to store your inventory. Therefore, you end up with very little overhead costs too. Drop Shipping can be useful for both small and large businesses in the long run. However, the con is that drop shipping is not for everyone.

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Benefits of dropshipping

The benefits of drop shipping can include the advantages of quickly testing different business ideas with limited risks. Due to the low risks, it gives the business an opportunity to learn a lot about how to choose and market in-demand products. Thus, making drop shipping a great business model for aspiring entrepreneurs to start with. See our list of benefits of drop shipping below.

Less Capital is required
Easy to get started
Low Overhead costs
Flexible location
Wide Selection of Products to Sell
Easier to Test
Easier to Scale

Businesses that utilize drop shipping gain the ability to list and potentially sell products before having to purchase large amounts of inventory. In addition to low over head costs, ecommerce businesses do particularly well as their sales grow. Due to the fact that additional work comes with sales growth, drop shipping sites can rely on the manufacture to help with the increased sales volume and customer support.

What to know before launching a drop shipping store?

Before launching a drop shipping store, it may be beneficial to you, your customers and your store to educate yourself on what ecommerce is. In addition to learning the ins and outs of the virtual business world, it might be a good idea to research your products, suppliers and competitors as well. Not only do you want the best ecommerce business, but you also want the best ecommerce platform to run and host your online business. For instance, the best ecommerce sites will come with tools that will have hosting, design, pricing, payment options, marketing tools and reports.

Let’s not forget

Do you anticipate heavy traffic to your online store? If so, consider how much you will sell. Of course, if you tend to grow, having an ecommerce platform with a solution that offers lots of online storage space, inventory and bandwidth is ideal. Additionally, checking for must-have features such as payment security and sales reports will be beneficial in the future. Clearly provide enough payment and shipping options for your customers.

TO LEARN MORE ABOUT Why drop shipping is a useful Opportunity-WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Drip Drip Drop

https://www.youtube.com/watch?v=cd8ZM2gpdfU

True joy of nature is when every drop of water shines like a pearl
Anamika Mishra

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Counting Inventory, Save Time and Money

Recently on Sheri’s Dream Catcher’s My Business Journey Journal our topic of discussion was counting inventory, save time and money . In other words, knowing what to stock and how much to take in at a desired time will help your business in the long run. Stemming off of our previous My Business Journey Journal Topics, we decided to focus on our goods and services that we want to sell for a profit while giving value to our customers.

Needing a product to count

First, in order to have an inventory, we need to have a product. In this case, a product is defined as an article or substance that is manufactured or refined for sale. It can also be defined as a substance produced during a natural, chemical, or manufacturing process. Additionally, commercially manufactured articles, such as recordings, viewed collectively. Not only can a product be a thing or person that is the result of an action or process but it also can be a person whose character and identity have been formed by a particular period. In short, from last weeks vlog “Merchandise Me” we briefly glazed over the importance of creating a merchandise strategy.

Marketing a product for inventory

For the most part, we want to save time and money with our inventory. For this reason, we want to make sure the product we are marketing will be made available for the consumer to purchase. Furthermore, a product in general can be a service or an item that meets the need and desire of the buyer. Clearly, every product is manufactured at a cost and is sold at a price. Basically, the price of your product charged to the customer will depend on the market, the quality, the marketing and the segment that is targeted.

What is Inventory?

First, inventory is defined by the dictionary as a complete list of items such as property, goods in stock, or the contents of the building. Similar terms are listing, catalog, directory, record, register, roster, statement. Second, it is described as a quantity of goods held in stock. Specifically, in accounting the entire stock of a business, including materials, components, work in progress, and finished products is classified as a current asset on the business’ balance sheet. Furthermore, it serves as a buffer between manufacturing and order fulfillment. Overall, inventory is considered tangible items, products, or goods that you intend to sell to customers. As a result of selling your inventory, your business makes a profit and your customer gains value for their purchase.

Why is inventory needed?

In particular, inventory is how a business can save time and money. For instance, having inventory management skills will give you the tools to problem solve what you need to stock up on and when. As a whole, the backbone of your business is knowing what you have in stock, how you will market it for resale and when it is a good time for the product to excel. To clarify, we have 5 basic reasons for keeping inventory. They are time, seasonal demand, uncertainty, economies of scale and appreciation of value.

Inventory to start an online store

Do you need inventory to start an online store and how much? The answer is no, you do not need inventory to start a virtual storefront. However, you do need a product or service to sell. Furthermore, inventory costs can range from $0-$1000 to start. With this in mind, the amount you invest here will vary greatly depending on whether you are drop shipping and how much inventory you want to start with. It should be noted that having good inventory management skills will benefit your online business too!

TO LEARN MORE ABOUT Counting Inventory, Save time and money-WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Inventory

https://www.youtube.com/watch?v=HJuyfMIyv8I

Focusing on the unmet need (not the judgement) is more likely to get the need met
Marshall Rosenberg

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Merchandise Me with the Right Display

Recently on Sheri’s Dream Catcher’s My Business Journey Journal our topic of discussion was about merchandise me with the right display . In other words, merchandise me. Stemming off of our previous My Business Journey Journal Topics, we decided to focus on our goods and services that we want to sell for a profit while giving value to our customers.

What is merchandising?

Basically, merchandise is defined as goods that are bought and sold. This includes personal or commercial products, and commodities that are sold to members of the public and other businesses. Second, merchandise can be offered in two types. For instance, they can be sold in retail and/or wholesale. To clarify, retail is when a company sells their products directly to the customer. Whereas, wholesale is when a company purchases products in bulk directly from the manufacturer and then turns around and sells it to the retailer or other wholesale companies.

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Goals of Merchandising

There are two goals for merchandising. The first goal is an activity of support for your retail strategy that will generate revenue for the retailer and give value for the customer. With this in mind, your goods and services that you wish to sell for a profit are more beneficial if they also provide value for your customer. The second goal is deciding on what products to stock up on. In fact, this goal is a key to one of your retail strategies.

Merchandise is an Asset

Merchandise is an asset because it is usually expected to be liquidated within a year. Specifically, it is expected to be sold and turned into cash. It should be noted that merchandise is also considered a current asset within accounting. so when an item is purchased, the merchandise should be debited to the inventory account and credited to the cash or accounts payable account.

More of a Science than an Art

E-commerce merchandising are items bought and sold online. Typically, you will see these items displayed on your virtual storefront. In fact, e-commerce merchandising is the art and science of displaying products and/or offers on a website with the goal of increasing sales. Furthermore, having a good understanding of how other top revenue generating storefronts display and promote their merchandise online could help both small and mid-sized businesses improve sales. For the most part, the primary importance of merchandising is to clearly display products so that they are easy to find.

Most important aspects of merchandising

First and foremost, the term merchandising is to ensure products are displayed correctly and for maximum impact. Not only is the word “Merch” a slang term, but it also means “to put it on something”. Such as being able to provide factual evidence that something is what you are claiming it to be. Which leads me to the 5 R’s of merchandising.

Providing the Right Merchandise
At the Right Place
At the Right Time
In the Right Quantities
At the Right Price

Visual Merchandising for impact

A marketing practice that uses floor plans, color, lighting, displays, technology, and other elements to attract the customers attention is visual merchandising. To generate more sales you will want to evaluate the 4 key elements of visual merchandising. For instance, store exterior, store layout, store interior and interior display. In addition to the key elements, you will need 4 basic displays for a strong visual impact. Furthermore, displays can be with one item, similar products, related products and a cross mix of items.

Effective Merchandising

To get the most out of your retail space you will want to create hot spots. Specifically, your fixtures and displays will help guide the shopper to browse and buy impulsively. Again, your ultimate goal is to generate more sales. A great hot spot will showcase new and seasonal products, advertised merchandise and establish your image.

TO LEARN MORE ABOUT AN Merchandise me with the right display, WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Merchandise Me STOREFRONT

https://www.youtube.com/watch?v=rFVULYD8paY

It’s not our art, but our heart on display
Gary Holland

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An Open Space to Gain Attention

Recently on Sheri’s Dream Catcher’s My Business Journey Journal our topic of discussion was about an open space to gain attention . In other words, a storefront. Stemming off of our previous My Business Journey Journal Topics, we decided to focus on where we are going to sell our merchandise or services for a profit.

What is a storefront?

When researching the definition from the dictionary, we defined a storefront in three ways. First, we found out that it is described as a façade of a store. More specifically, a façade is the face of a building where the principle front looks onto a street or an open space. Second, we read that it is a room or set of rooms facing the street on the ground floor of a commercial building, which is typically used as a store. Third, we uncovered that the function is to attract visual attention to a business and its merchandise.

So then, what is an e-commerce storefront?

An e-commerce storefront has the same function as the dictionary’s definition for attracting visual attention for a business and its’ merchandise. However, instead of having a physical location in a building, your business and merchandise can be seen on a virtual storefront. Also known as an electronic storefront or online storefront. In particular, this is a solution for merchants who want to host a website that advertises their products and or services. In turn, the consumer can make a transaction generated online. Specifically, the transaction of money, funds, and data.

Transactions can be done in 4 Ways

Just like entrepreneurs have 4 ways to set up their business, an e-commerce can perform in 4 different ways. Unlike the business set up, the transactions can be done business to business, business to customer, customer to customer and customer to business. Of course, you have the ability to conduct your transactions in all 4 of these ways.

Business to Business (B2B)
Business to Customer (B2C)
Customer to Customer (C2C)
Customer to Business (C2B)

Common Skills for an Electronic Storefront?

To boost competitiveness in an increasingly digital marketplace, companies are searching and hiring in-demand e-commerce skills. Basically, an individual could possess 1 of the 4 skills or preferably all 4 skills would be highly beneficial. Software Development is the key to an e-commerce success as with Search Engine Optimization, Data Analytics, and Artificial Intelligence.

Software development
SEO
Data analytics
Artificial intelligence

Can you save money with e-commerce?

If I was to answer this question, I would say why yes, you can save money with an e-commerce. Keep in mind, it has both it’s advantages and disadvantages. So, how can you save money? Well, you won’t have to worry about large overhead costs. For example, money spent on rent, utilities and other physical store front costs. I have read that it’s a big expense for running a physical retail store. When you create and open an online store you gain the advantage of gaining more customers virtually by engaging with them. As a result, an e-commerce store has become an important tool for both small and large businesses worldwide.

Successful façade and online stores will have:

Since businesses want to save money and gain money at the same time, we have dissected the 10 rules for having a successful storefront design whether it’s a façade or online. Ultimately, you would like your vision to tell a story that will guide your design, your service ethics, the mood and the experience of your store.

Create a vision
Polish your storytelling
Design for engagement
Make it look like your concept
Meet the sidewalk
Let people sit
Be transparent
Send a loud and clear message

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The Top 10 E-commerce Platforms

When finding a platform to display and sell your merchandise on, you might want to review the top 10 e-commerce platforms named for the year 2021. They are ranked highest to lowest. Importantly, these platforms include both an easy online store launch and website builder. It should be noted, e-commerce sites will allow your online shop to flourish as you sell online.

Wix
Square Online
Go Daddy
Big Commerce
Woocommerce
Squarespace
1&1 Ionos
Shopify
WordPress.com
Network Solutions

Should I start an Etsy Store?

I really don’t have an answer for you at this moment in time. Currently, I do not have an Etsy Store. However for this blog, I found out that Etsy is a marketplace similar to eBay and Facebook Marketplace. Except, the merchandise you sell on Etsy is for handmade goods and vintage items of 20 years or older. It does provide an easy way for talented crafters and artists to sell the fruits of their labor. Keep in mind, it will limit your sales to only Etsy clients. For exposure and brand awareness, I could possibly have an Etsy store in the future. As of today, I am still focusing on building my personal e-commerce business site foundation and its growth.

Have you heard of the three S’s of E-Commerce?

In addition to the 4 ways you can conduct transactions with your e-commerce site, there are 3 S’s of e-commerce. First, you will need sufficient storage space. For instance, the best e-commerce platform will let your virtual shop sell online without any limitations. Specifically, it will offer inventory space and bandwidth to fit your growing needs. Second, you will need to make sure your site provides safety for both you and your potential customers. Indeed, having safety is a must for all e-commerce websites. Third, you will want to invest in a user-friendly interface. Of course, the best sites will have tools to help you select your desired options easily.

Undoubtedly, a top-notch site builder will make it easy to continue to build your online store as you grow. As a result, having well-designed menus, filters, and sorting options will minimize the amount of time it takes to find a product and purchase it. Clearly, saving money and gaining money at the same time is your ultimate goal, right?

Storage space
Safety protocols
Site Design

TO LEARN MORE ABOUT AN OPEN SPACE TO GAIN ATTENTION, WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- STOREFRONT

https://www.youtube.com/watch?v=zmE_zujyFFw

Someone is sitting in the shade today because someone planted a tree a long time ago
Warren Buffett

If you enjoyed reading An Open Space to Gain Attention subscribe to our e-mail list at Sheri’s Dream Catcher to stay updated with new blog posts

Established My Type in 4 Ways

Recently on Sheri’s Dream Catcher’s My Business Journey Journal our topic of discussion was Established My Type in 4 Ways. Stemming off of our previous My Business Journey Journal Topics, we decided to review the 4 Types of Entrepreneurs and the 4 Ways to set up your new company. Originally, we had a mound of dirt and then we decided that we would sell our mound of dirt in 3 sizes or collections for a profit. As we continue on our business journey, we realized that we need to figure out what type of company we are setting up and what way will our business entity be protected.

Let’s Review the 4 Types of Entrepreneurs

What do you mean when you say 4 Types of entrepreneurs? If you or anyone is interested in starting and running their own business, they should determine which type of entrepreneur model they would prefer to operate as.

Small Business
Scalable Startup
Large Company
Social Entrepreneurship

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What is considered a small business?

A small business could be considered as a company, restaurant, or retail store that’s launched by a founder without any intention of growing the business into a chain, franchise, or conglomerate. Additionally, small business entrepreneurs usually invest their own money to get their companies off the ground. Basically, they only make money if the business succeeds. However, they lose their own money if the business doesn’t succeed either.

What is considered a scalable startup?

A scalable startup is less common however, they tend to attract a lot of media attention. Initially, scalable startups begin on a very small scale. Such as when the lightbulb goes off in your head for an idea. As the idea is nurtured with sun, water and tender loving care, like a seed that has been planted, it begins to grow. In this instance the farmer who nurtures the plant is considered the outside investors who provide the necessary funds and additional needs until the business grows larger.

What is Considered a large company Entrepreneur?

A large company is already established and well grounded. Sometimes, entrepreneurs work within larger, established companies. For instance, the entrepreneur may come up with an idea for a new division of the larger company. If it is a division of the larger company, that means it operates on it’s own but is backed financially and marketed by the home company.

What is considered a social entrepreneurship?

Well, a social entrepreneurship launches an organization that’s fundamentally about enacting positive social change. In addition, they are not operating to generating profits. Nevertheless, a social entrepreneur is willing to take on the risk and effort to create positive changes in society through their initiatives. For instance, the social entrepreneur seeks innovative solutions to community-based problems. Specifically, the social change to environmental conservation, racial justice, or philanthropic activity in an underserved community.

What are the 4 Ways to Set Up Your Business?

LLC
Corporation
Non Profit
DBA

Provided below are the definitions per the dictionary-

LLC- A limited liability company is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Corporation- A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity and recognized as such in law for certain purposes. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration.

Non Profit- A nonprofit organization, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners.

Doing Business As- You might need to register your DBA — also known as a trade name, fictitious name, or assumed name — with the state, county, or city your business is located in. Registering your DBA name doesn’t provide legal protection by itself, but most states require you to register your DBA if you use one.

How did Envision Dream, LLC Find their type and which way did they get set up?

Envision Dream, LLC is owned and operated by one person. In other words, a sole proprietor. As a sole proprietor, the entity decided to sell merchandise for a profit. Along with taking on all the risks of losing the their own money invested and all the revenue made successfully. As a result, the entity fell into the small business category out of the 4 Types of Entrepreneurs

Now that we established the type of entrepreneurship as a small business, we needed to set the company up with protection. First we went to LegalZoom.com, which is an online legal technology company that helps customers like Envision Dream, LLC to create legal documents without having to hire a lawyer. We chose to be a limited liability company because a DBA doesn’t protect our business name from being used by others and we wanted our personal property to remain separate from the business.

TO LEARN MORE ABOUT Establishing Your Type, WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Established my type

https://www.youtube.com/watch?v=h3bvLdPfpZs

Strive not to be a success, but rather to be of value
Albert Einstein

If you enjoyed reading Established My Type in 4 Ways subscribe to our e-mail list at Sheri’s Dream Catcher to stay updated with new blog posts

The Need to Create 3 Collections within a Strong Collection

Once I made the decision to become an entrepreneur and came up with a business idea, I needed to create 3 collections within a strong collection. Why would you need 3 collections, I asked myself. From my research, I came across the Power of 3. But what does that mean and how does this affect my business? There are 3 dimensions for seeing life and experiencing life. They are imagination, memory and experience. Basically, these 3 dimensions are essential for the human experience of life. They say that life happens between memory, experience and imagination.

So what is a collection?

The dictionary defined a collection as the action or process of collecting someone or something. Second, as a group of things or people. Third, an assembly of items such as works of art, pieces of writing, or natural objects, especially one systematically ordered. Fourth, an art museum’s holdings organized by medium, such as sculpture, painting, or photography. Fifth, a book or recording containing various texts, poems, songs, etc. Sixth, a range of new clothes produced by fashion house.

Envision Dream Rainbow Collection — Envision Dream Rainbow Vision Collection

What are the 3 Must Haves for Creating a Strong Collection?

For a collection to have a strong presence, you must consider the 3 pillars of style, type and size.

Signature Style
Collection Type
Collection Size

First, a strong collection must have a signature style. Specifically, you want your signature style or design to tell a story especially one that will evolve over time.

Second, your need to decide on the collection type. For instance, you would like your collection to revolve around a single product that sells in multiple color ways and or sizes or both. Furthermore, developing multi-item collections usually revolve around a statement piece or central piece where the common thread will tie all the pieces together within the collection. Ultimately, you would like the main design to influence and inspire. Uniquely, you would like to have a theme.

Third, you want to consider the collection size. Typically, 3 or more is considered a collection. When developing your collection, it is best to aim for a minimum of 12 pieces or looks. Ultimately, the more pieces in your collection, the better exposure and versatility you will have throughout the collection.

Incorporating the need for 3 collections within a strong collection with My Business Journey.

After reviewing the need to create 3 collections within a strong collection, I tried to apply my own company into this dynamic . I also wanted to make sure my collections revolved around the human experience with the Power of 3 dimensions. Which leads me to Envision Dream, LLC’s 3 collections that were created to include imagination, memory and experience. Our collections are still a work in progress as it will evolve over time.

Envision Dream
Trapped Ruby
Tribe Vibe

What is our Envision Dream Collection?

Our Envision Dream Collection revolves around visualizing possibilities for future opportunities. Pieced together our design represents the journey an individual is on. So Envision your look, Capture your style, Roam wild and free. We are not just a brand, we are a statement, a philosophy and way of life. Our Envision Dream signature style tells a story. Specifically, the story is personal to the individual who is going after their own dreams with the will power to fulfill their own life’s journey. This Collection has a total of 85 product pieces with sub collections. Our sub collections are:

Classic Vision

Night Vision

Rainbow Vision

Color Vision

What is our Trapped Ruby Collection?

Our Trapped Ruby Collection is showing the “Ruby” which represents you (the individual) as the unique stone of divine creativity trapped in the web of life (spider-web). It is also noted some will say, trapped in the world wide web. Currently this collection has a total of 21 products and no sub collections.

What is our Tribe Vibe Collection?

Our Tribe Vibe Collection is designed around our Rhythm and Roots. Where are your roots and how does that affect your rhythm? When you Vibe with your Tribe, you are vibrating with like-minded people who are on the same energy frequency. My tribe is my vibe hence the name Tribe Vibe. This collection has about 15 products so far and 3 sub collections.

Narragansett Compass

Spirit

Music Soul

TO LEARN MORE ABOUT OUR 3 COLLECTIONS AND THE POWER OF 3, WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- 3 Collections

https://www.youtube.com/watch?v=oR9NVpBvDeM

Don’t judge each day by the harvest you reap, but by the seeds that you plant
Robert Louis Stevenson

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Introduction to My Business Journey Journal Curious Entrepreneur Magic

In order for there to be an introduction to my business journey journal curious entrepreneur magic, I needed a business and more importantly I needed a business idea. Next, the magic I chose to use for this idea came from a huge mound of dirt. Similar to the mountain of elevation in our Envision Dream design. For instance, this mound of dirt is symbolizing a business idea and how an entrepreneur will use their creative mind to make a profit off selling the dirt. On the other hand, they are taking on all of the risks of losing the dirt and their own money. Basically, balancing the risk of making money and losing money is what an individual must weigh out. This is also true with time. Specifically, time spent and time gained.

Curiosity is what get’s you to research and visualize an opportunity for greatness. However, you will need to understand the 4 types , 7 characteristics and 3 skills needed to be a successful entrepreneur. The magic happens when you decide to take that plunge and go for it. Watch our full video below on Introduction to My Business for more insight.

What is a business idea?

To have a business, I needed to have a business idea. For instance, Envision Dream became the idea I had in my head. Indeed, this was the starting point for my entrepreneurship. To be more specific, a business idea is a starting point for any current or future entrepreneurs. Furthermore, it is essential because it is the beginning of a new life. Above all, this is a lifestyle change because it is the life of your business and the life of your entrepreneurship.

What is an entrepreneur?

Now that I have a business idea, I have decided to start a new lifestyle with entrepreneurship. Specifically, I turned Envision Dream into a Limited Liability Company. Clearly, an entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. Ultimately, entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, and continued growth opportunities

Envision Dream, LLC.

4 Types of Entrepreneurs

What Are the 4 Types of Entrepreneurship? Anyone interested in starting and running their own business should consider which entrepreneurial model they prefer:

small business
scalable startup
large company
social entrepreneurship

7 Characteristics of Successful Entrepreneurs

Self-Motivation is one of the most important traits of entrepreneurs- you are your biggest critic.
Understand What You Offer. You need to know what you offer, and how it fits into the market.
Take Risks: Weigh out the pros and cons for taking the risks
Know How to Network– connect with like minded people
Basic Money Management Skills and Knowledge
Flexibility-when you are flexible, you bend verses brake
Passion– Your passion will push you to keep going even with the toughest of times.

3 Important Skills of a Successful Entrepreneur

Adaptability
Persistence
Hard Work

Yes, adaptability, persistence and hard work are the 3 keys to success in a small business. However, they are also three important skills no matter what your endeavor is. First, we need to be able to adapt thru changes. Remember the tide changes every day. Specifically, low and high tides. Second, we need to be diligently persistent so that we are able to be comfortable with hearing the word “no”. Specifically, you will receive 5 “no’s” before you receive a “yes”. This is why persistence is important. Third, nothing is gained without hard work. It should be noted that nothing is gained and nothing is lost unless, you are willing to push yourself with sweat and tears kind of hard work.

Tips for How to Introduce your Business in a Letter

Start with a bang. Open with a sentence that grabs interest and establishes a reason to keep reading.
Introduce yourself in terms that matter to the person to whom you’re writing
Tell the prospect what you can do for him or her
Keep your letter short
Make a clear point
Edit and proofread
Sign your letter

Below is an Introduction Business Letter for Envision Dream, LLC.

To Whom it May Concern:

Are you ready to see your vision and be your vision? Good, we are too! At Envision Dream, LLC a newly launched E-Commerce Store, we believe in visualizing possibilities for future opportunities. We want to help you be the vision you see in yourself. When we search for our life’s purpose, we begin to move toward a destination that will fulfill our Life’s journey. As we navigate different paths, we hope you Envision your own look, Capture your own style and Roam wild and free. Remember this is your Journey!!

Wishing you all the very best of envisioning your own dreams.

Sincerely,

Sheryl Peno

Owner and Creator

Envision Dream, LLC.

WATCH OUR FULL JOURNAL VIDEO DISCUSSION BELOW- Introduction to My Business Journey

https://www.youtube.com/watch?v=hH6kIl2nxmg

If you are going through hell, keep going
Winston Churchill

Our next “My Business Journey” Journal Discussion is scheduled for January 12^th, 2021 with the Topic: 3 Collections Live on Instagram @sherisdreamcatcher 8pm eastern standard time

If you enjoyed reading Introduction to My Business Journey Journal Curious Entrepreneur Magic subscribe to our e-mail list at Sheri’s Dream Catcher to stay updated with new blog posts

Accomplishments in 2020 with My Business Journey

I said to myself, in order to showcase your accomplishments Sheri, you need to start somewhere!! And since we are ending the year 2020, I had decided to start reflecting on the accomplishments in 2020 with My Business Journey. Specifically, I compared this year verses last year in 2019. I thought, hey, it’s a great way to analyze all that I have completed and not completed. Furthermore, it helps me plan for the objectives I would like to achieve in order to grow. My goal with reflecting is to take this information and see what I can improve upon for the upcoming year.

What is the meaning of accomplishment?

How do I know what my accomplishments in 2020 are with my business journey if I don’t know first what the word accomplishment means? I decided to look up the word accomplishment from the online dictionary. It says that an accomplishment is something that has been achieved successfully. It also says that it is the successful achievement of a task or planned objectives. Next, it says that an accomplishment is an activity that a person can do well, typically as a result of study or practice.

A Recent Accomplishment Achieved with the formation of Sip N Think with Sheri Live Chat Discussions on Instagram.

What are some examples of personal accomplishments?

As I continued to research the meaning of accomplishments, I learned that some examples of personal achievements can include charitable work, entrepreneurial success, establishing good health, financial stability and obtaining a college degree. Again, these are just examples to help you recognized your own personal achievements as we move forward into 2021.

How can you showcase your accomplishments best?

You can best show your accomplishments in 4 ways. In the video below, I actually tried to apply and showcase my accomplishments by mapping it out, pointing to the goals, keeping it simple and showing room for growth. The key word here is apply. Take what you have accomplished in the past year or years and apply the knowledge and lessons you have learned as you move forward into the upcoming year and future.

Map it out.
Point to goals.
Keep it simple.
Show room for growth.

WATCH OUR FULL JOURNAL VIDEO DISCUSSION BELOW- ACCOMPLISHMENTS IN 2020 WITH MY BUSINESS JOURNEY

https://www.youtube.com/watch?v=g9oXTeqChVw

Start where you are, use what you have and do what you can
Arthur Ashe

Our next “My Business Journey” Journal Discussion is scheduled for January 5^th, 2021 with the Topic: Introduction to My Business Journey Live on Instagram @sherisdreamcatcher 8pm eastern standard time.

If you enjoyed reading Accomplishments in 2020 with My Business Journey subscribe to our e-mail list at Sheri’s Dream Catcher to stay updated with new blog posts

A Dream You Want To Achieve In The Future

A dream you want to achieve in the future begins with the process of writing your own thoughts and ideas down onto a piece of paper. For instance, have you ever heard someone say “keep a journal next to your bed”? Well, I have plenty of times. What’s the reasoning behind it? Well, they say that if you journal about your dreams, you are more likely to turn those thoughts and ideas into a reality. Remember a dream is just a dream until you’ve given commitment to the vision you created in your mind. The execution of that dream becomes a goal to achieve once you put a date to it.

A dream to achieve — A Dream You Want to Achieve

Why Must We Create A Dream Plan?

For starters, you do not have to do anything. As a result of doing nothing, it means you have achieved nothing. Am I correct? As a matter of fact, most of the time I tend to use my vision to focus on the dreams I’ve envisioned for myself to achieve. By the same token, to continue to move forward with my dream process, I tend to ask myself questions. For example, “How am I going to achieve my dream?”

Evaluation of the current situation

Where am I at now?
Where do I see myself in anther 1, 3 or 5 years from now?
What resources do I have available to me now?
What can I do on my own?
What do I need assistance with?
Who can I learn from?
Who can I rely on?
How will I take my first step?

Research, Research, Research!!!

Indeed, you have started the process of your dream foundation. Another way to look at your foundation is to think of it as creating building blocks that will formulate your plan which is connected to your goal that links to the dream you want to achieve.

A Plan is only a plan similar to a dream is only a dream.

In order for the dream to materialize we must put forth “Action“. For instance, sitting in a dark room visualizing our dreams is only going to produce the visualizing. Not only is “Execution” vital to achieving our dreams but “Action” also is a key component to activating our dreams into a reality. For example, a football team doesn’t win by standing on the field waiting for the referee to scream touch down. Likewise, a basketball player doesn’t stand on the court holding the ball in his hands saying “did you see that shot I didn’t take”?

Always Try. If at first I don’t succeed, try, try again.

For this reason, I believe it is imperative to at least Try. As a consequence to our actions, it will either make or break us. Such as, not taking action will leave us at square one, just visualizing. The choice is yours really. You take the direction that is best for you, as it should be.

WATCH OUR FULL SIP N THINK CHAT DISCUSSION we had on January 28th BELOW with THE topic: Dream deadline

https://www.youtube.com/watch?v=wgzMdMk1yNk

Dreams don’t work, unless you do
John C. Maxwell

OUR NEXT SIP N THINK CHAT IS SCHEDULED FOR February 12, 2021. TOPIC: Undecided. YOU CAN JOIN US LIVE ON INSTAGRAM @SHERISDREAMCATCHER 8PM EST.

If you enjoyed reading A Dream You Want to Achieve In The Future subscribe to our e-mail list at Sheri’s Dream Catcher to stay updated with new blog posts.

What is an affiliate?

How does affiliate marketing work?

Keep in mind, affiliate marketing takes time. That’s why patience is a virtue and hard work pays off.

Which type of affiliate program is for you?

Do affiliates pay taxes?

How much do affiliates make?

What are the Seven steps in affiliate marketing?

Overall, what are the basics for how affiliate marketing works?

To join our Affiliate Program, visit Envision Dream, LLC at www.envision-dream.com and start earning your extra cash!

TO LEARN MORE ABOUT An Extension to expand our reach for growth-WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Why Affiliates?

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What is Drop Shipping?

What is a drop shipping procedure?

The Pros and Cons of Drop Shipping

Benefits of dropshipping

What to know before launching a drop shipping store?

Let’s not forget

TO LEARN MORE ABOUT Why drop shipping is a useful Opportunity-WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Drip Drip Drop

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Needing a product to count

Marketing a product for inventory

What is Inventory?

Why is inventory needed?

Inventory to start an online store

TO LEARN MORE ABOUT Counting Inventory, Save time and money-WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Inventory

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What is merchandising?

Goals of Merchandising

Merchandise is an Asset

More of a Science than an Art

Most important aspects of merchandising

Visual Merchandising for impact

Effective Merchandising

TO LEARN MORE ABOUT AN Merchandise me with the right display, WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Merchandise Me STOREFRONT

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What is a storefront?

So then, what is an e-commerce storefront?

Transactions can be done in 4 Ways

Common Skills for an Electronic Storefront?

Can you save money with e-commerce?

Successful façade and online stores will have:

The Top 10 E-commerce Platforms

Should I start an Etsy Store?

Have you heard of the three S’s of E-Commerce?

TO LEARN MORE ABOUT AN OPEN SPACE TO GAIN ATTENTION, WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- STOREFRONT

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Let’s Review the 4 Types of Entrepreneurs

What is considered a small business?

What is considered a scalable startup?

What is Considered a large company Entrepreneur?

What is considered a social entrepreneurship?

What are the 4 Ways to Set Up Your Business?

Provided below are the definitions per the dictionary-

How did Envision Dream, LLC Find their type and which way did they get set up?

TO LEARN MORE ABOUT Establishing Your Type, WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- Established my type

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So what is a collection?

What are the 3 Must Haves for Creating a Strong Collection?

Incorporating the need for 3 collections within a strong collection with My Business Journey.

What is our Envision Dream Collection?

What is our Trapped Ruby Collection?

What is our Tribe Vibe Collection?

TO LEARN MORE ABOUT OUR 3 COLLECTIONS AND THE POWER OF 3, WATCH OUR FULL MY BUSINESS JOURNEY JOURNAL VIDEO DISCUSSION BELOW- 3 Collections

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What is a business idea?

What is an entrepreneur?

4 Types of Entrepreneurs

7 Characteristics of Successful Entrepreneurs

3 Important Skills of a Successful Entrepreneur

Tips for How to Introduce your Business in a Letter

Below is an Introduction Business Letter for Envision Dream, LLC.

WATCH OUR FULL JOURNAL VIDEO DISCUSSION BELOW- Introduction to My Business Journey

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