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What do you know! The difficult task that you’ve place into your job research have reaped its rewards. No doubt you will soon take advantage of the job offer now available and fired up about the possibilities the job will provide. However, there’s only one matter which is on your mind: the proposed compensation.

It’s actually not uncommon for the last portion of the job research to include income negotiation, still this particular discussion could cause even the best skilled experts to get a little nervous. Having a simple comprehension for the actual negotiation process will help you to both reduce nervousness and supercharge your negotiating power.

The secret is to examine your own credentials and ascertain what your abilities are worth in today’s marketplace. Typically, you must start researching salary ranges even before you initiate the job hunting process. To find out what your current market value is, the following are a list of sources you can call.

-Career Centers

-Local state labor office

-U.S. Bureau of Labor Statistics

Additionally you could research online to see what other companies are offering for similar positions in your profession. Bear in mind that earnings range based on a variety of reasons which includes your years of professional experience,special training, education, geographic location, and benefits being offered or not. To acquire your projected value as precise as it can be, you must take into account these variables.

After you’ve completed your homework, it’s simple to go into the salary negotiation process having a solid understanding involving the worth of your abilities on the job market.

It’s imperative that you tackle your salary negotiation in a professional manner so both you and the employer can keep the mutual respect and confidence which you have experienced during the entire hiring process. Just think, should the negotiation go well, you are going to be employed by the business, therefore don’t burn up any bridges prior to starting your position.

Here are a couple of more vital tips:

-Don’t make conflicts personal. Just remember that you and the employer will have different interests and that negotiation is a process where a little compromise is expected.

-Stay purposeful and centered on your goals.

-Use your influence instead of force.

-Plainly express the advantages your proposition.

-Always be sensible and diplomatic.

-Create a familiar ground for acceptance.

-Be persistent, however recognize when you ought to let it go and when simply to walk away.

Lastly, be flexible within your negotiations. When you ” sense ” that an employer is actually rendering you the very best possible offer based upon available revenue, thinking about negotiating for a better benefits deal as an option.

In summary, by realizing your particular skills and knowing your market value, you are much better equipped to tackling salary negotiation as a mutually useful debate involving you and the employer. This kind of mindset will not just enable you to preserve your professionalism, but can significantly improve the chances that your negotiations will end up being successful.

Before you think of developing a product for export or even adapting an existing one, it is important to make a distinction between a product and a product type. A motor vehicle is product type, but a “Toyota”, a very popular Japanese car, is a product.

New product types are rarely created. An exporter who can come up with a better version of an existing product will succeed as a market for such a product already exists. The manufacturers of Toyota have worked very hard to make their cars so popular although the vehicles are not much different from any others you find on our roads. But think of how much harder they would have to work to come up with a completely new mode of land transportation.

There is business in the re-modeling or re-packaging of existing products, that is, creating new products out of the existing ones. Sometimes only very minor adjustments are required, for example, using a colorless clear bottle for a whiskey that is traditionally sold in an opaque bottle.

If you decide to copy products of another manufacturer you will be running the risk of patent or copyright infringement. But you can avoid the risk and still exploit the success of a new product by making slight modifications in the design of the product you want to copy as long as you do not try to confuse the public into thinking that they are buying the original product.

The Product:

Any new product ideas should take into account the following factors:-

• An understanding of how buyers conceive a product. This will include physical and non-physical elements such as the product itself, packaging, after sales service, brand name, the image it portrays and the benefits they expect out of using the product.
• The product must be made to meet the standards and styling of the customer and not the manufacturer. This is the importance of a good market research.
• Expected Life Cycle of the product. “Product Types” may go on for ever but “Products”, like all living things, progress in definite stages from birth to maturity, then death.
• Possible patent or copyright infringement which may lead to legal action.

The Product Life Cycle:

1. Introduction: The product is launched and, if it finds buyers, sales rise slowly,
2. Growth: The product is becoming accepted and if it catches on, there is a period of rapid growth in sales. If it fails to catch on it should be withdrawn at this stage for possible modification or to try a different market.
3. Maturity: Sales growth reaches the apex and starts to slow down,
4. Stagnation: Sales level off and further expenditure on sales promotion become uneconomical.
5. Decline: Sales start to decline as demand for the product goes down

When stagnation starts, research should reveal the cause and corrective measures taken before the decline commences. A product may be given a new lease of life by being changed in some way, either substantially or just the way it is presented.

It is important to note here that although it is true that the life cycles of most products follow almost the same pattern, the length of the cycle itself varies greatly. For example, the life cycle of fashion dresses is relatively short compared to that of capital goods which, in some cases, may be as long as 20 years. Life cycles of particular products or product types may vary from country to country.

Once the product life cycle is understood, the planning of when to introduce a new product or make changes on the existing product can be done more accurately.

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