A Guide on Successful Product Creation and Internet Marketing

Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.

The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.

It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!

With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.

With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant product creation.

UAE Real Estate Laws and Regulations

The UAE experienced a tremendous building boom up till 2008 when the financial crisis hit. During that period, foreigners wanting to invest in the UAE were plenty. Today, post financial crisis as the market here is recovering, that appetite to buy new property and lease better property is once again on the rise.

UAE and GCC nationals can own property in the UAE. As a foreigner in the UAE, owning and / or leasing property needs to comply with laws and regulations that change from time to time. That said, in Dubai and the UAE, property law is young and is still taking shape.

In the UAE, each Emirate has developed its own laws. For example, to the best of my knowledge, in Fujairah, foreigners cannot buy property. However in Dubai, foreign ownership of freehold real property is permitted. There are “free-zones” within each Emirate designated for specific use. Each zone is a tax-free jurisdiction and has its own rules and regulations. A company established in a free zone can be 100 per cent owned by foreign nationals and may own freehold interests in real property within that zone.

Choosing the right real-estate agent is crucial to getting the right information, price and ultimate deal. A bit of your own research on what is out there, and what you are willing to spend over how long would also be beneficial.

You don’t have to be in Dubai to buy the property; it is possible for you to give Power of Attorney to a person to handle all the aspects of the purchase on their behalf but it is advisable that they check all the documentation and ensure that everything is clear before signing the deal.

Legalities regarding freehold ownership by non-UAE nationals and non-GCC nationals are ambiguous, as are the practices and procedures for issuing residence visas to expatriate buyers and their families. Some local banks offer mortgage finance to expatriates wanting to buy property in the UAE. It seems that finance can be arranged through overseas banks if you have assets overseas.

It’s in the UAE’s interest to allow buyers to own property and therefore there I have read about two new real estate laws that will improve protection for buyers, investors and landlords – and they are as follows: A buyer can request the courts to cancel a contract if the developer ‘significantly changes’ the agreed specifications, or refuses to deliver the unit without a good reason. Buyers can also seek legal action if developers do not bind payments to approved construction based milestones or the unit is proved unstable due to major structural defects.

The regulations also stop developers from selling off plan units before taking possession, which includes actual control of the land. Leasing accommodation is most common in the UAE. Contracts normally last a year during which the landlords are not permitted to increase the rent, until its time for renewal.

Landlords of leased apartments are normally required to handle the annual maintenance of their property and they are not permitted to evict a tenant without just cause within the tenancy contract time period. All-in-all, the UAE is a great place to live and buy property. However, careful research into laws and regulations in a timely manner is a must.

Property Managers Keep Landlords and Tenants Happy

Property managers serve as a cushion between renters and the property owners. They are responsible for managing both commercial and residential rental property and their main duty is to find and evaluate renters, repair rental property, collect rents, and handle evictions. Other duties of property managers include advertising properties, setting rent rates and the collection of rent, payment of taxes, and liaising between insurance agencies and contractors.

If you own rental property you will want to get the best return from your investment, and thus it would be a wise move to use the services of a property manager, however, you will need to do your homework. Finding the best property manager that suits you and your rental property needs to be approached carefully, and before you make a decision you will have to weigh-up several factors.

To ensure that you get someone who will adequately serve your needs, here are some qualities to look for:

Effective maintenance to protect your property

As a landlord you always need take a close look at how a preferred property management company maintenance plan operates and ensure that they are proven and effective with a trustworthy, reliable and cost-effective maintenance crew.

To ensure that both tenants and landlords are happy, effective and speedy maintenance or repairs are imperative in order to keep the tenants satisfied and to protect the owner’s property.

Good Communication

This is a skill that everyone in business needs and property managers need to excel at as they are dealing with many different people on a daily basis. They have to be able to identify any issues and be able to quickly provide updates to landlords concerning tenants and other related details.

Knowledge of market rates and financial accountability

Your preferred property manager should be up to date with current market trends and rental rates so that when they are making valuations and setting rentals they can bring the best possible return on investment to the rental property owner.

They need to be able to provide reliable and accurate account information on payments and leases.

When hiring a property manager you will enter into a legal contract and pay a fee for their services. This is usually absorbed by the rental fee and each company will have their own policy, but generally it is a percentage of the gross monthly rent.

All records of rent and other financial transactions must be meticulous and readily available to property owners on request. Most property management companies have automated software that is updated daily ensuring that their records are always current.

When looking for someone to manage your property it is a good idea to have a look at some of the reviews and testimonials from other tenants and landlords.

Look at their legal expertise as often there will be issues arising between the tenant and landlord that cannot be resolved among themselves. Your manager should be able to resolve minor issues, but more difficult cases will have to be taken to a disputes hearing and you will want to be able to get legal advice from your property manager.

In summary, before you decide on the best people to take care of your investment you will want to compare the services of each company. If they have a large portfolio of tenants and landlords that is a good sign that they are experienced.

Some of the very basic requirements to ensure your investment is in good hands would be:

Do they offer 24-hour customer services for urgent repairs?
Do they have adequate knowledge of the current rental market
Are they operating a fully automated computer system for reporting and recording information?
Are regular property inspections carried out and the owners notified of any problems?
When you find the best property management company with appropriate resources, you can be confident that your asset is in safe hands knowing they will adhere to the regulations and guidelines set down for rental properties.