Posted by Harrace, Senior Internet Marketing Coach
500 seats, 700 tickets given away. As expected, the “Start Your Business 2007″ organised by Hong Kong Metro Radio yesterday, was a full house success!
Here are some photos:
eOneNet Team - From Left : Harrace, Amanda, Alice, John, Fione, Ronald, Ryan & MM.
Panel of business experts at Metro Radio FM Hong Kong event at Shangri-La Hotel
Fione Tan, expert of online business at expo
Hundreds of entrepreneurs queuing up in front of the eOneNet internet marketing booth.
Fione Tan briefing eOneNet team members on what internet marketing offers are available at the exhibition.
Part 1 of the event started with two entrepreneurs, who shared their success stories of starting their own businesses with interest free loan granted by the government! I didn’t know the Hong Kong Government is so good to support entrepreneurs by lending them money until hearing their sharing.
Other speakers introduced their franchises, including one education / tuition centre “補習社” franchise, which costs about HK$250,000, inclusive of franchise fee of about HK$50,000, and the costs of rental and decoration of the premises. This is now a big business in Hong Kong, worth billions of dollars annually. However, this is a highly competitive business, with a lot of big players, splashing full page ads in newsapapers, and 30 feet billboards across business districts.
Another speaker introduced a new franchise for high end property, from Germany. It costs about HK$270,000, including HK$70,000 for sending the franchisee to Germany for training. The main issue an interested franchisee needs to assess is facing stiff competiton from established property agents companies, who already have wide networks of branches and thousands of trained and licensed property agents in Hong Kong.
Another speaker introduced a beauty franchise for a small set-up. She gave an example of a new shop set up in Causeway, which costs about HK$450,000, inclusive of rental, decoration and necessary beauty equipment. Again, the franchisees would have to face immense competition. However, the good thing about this is that you don’t have to start from scratch and can leverage on the successful experience of the franchisor.
Fione, the only speaker who discussed Internet business, received the best response. When she announced that thousands of students in Hong Kong have attended her seminars, she smartly asked how many in the audience have attended her seminars, more than 20 hands were raised! This surprised the MC and the speakers on stage.
When compared to other forms of traditional businesses and franchises, Internet business presents the lowest form of risk. You don’t need to have half a million dollar in your bank account, or to borrow money from others to start an Internet business. Fione shared you don’t even have to buy stocks before you can sell online. One option is to get paid first by your customer, and then buys the product from your supplier with wholesale price, and makes a profit.
I am now uploading Fione’s video and will post it here soon. Stay tuned!
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