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June 2012 Archives

Commercial litigation pits Michigan-based Amway vs. Ebay sellers

In a recent commercial litigation case, Michigan-based direct selling company Amway is taking on several Ebay sellers who are hawking Amway products online. The commercial litigation lawsuit alleges that the unauthorized sales, purportedly perpetrated by the three defendants, not only goes against the company's well-established distribution system, but that it also diminishes Amway's reputation for their generous 180-day customer satisfaction guarantee.

Business planning: Turning an idea into a business concept

As a general rule, when it comes to starting a business in Michigan, the idea of what you want to do is much easier to develop than the rest of the business, including implementation of that idea. Business plans are an integral piece to any business, but sometimes, it is better to take your idea and come up with a business concept statement than to go straight to forming the business plan.

Gumroad: a new company that makes online buying/selling easy

When taking the time to plan a new company, there is a lot of research involved for those in Michigan and elsewhere in the United States. Research as to what consumers are looking for in today's world, into businesses with similar services or products, into how your business will be different from others in the industry, how to market your new company and how you are going to make profit. All of these are likely things that Gumroad took into consideration when forming their online business.

Foreclosed commercial real estate a good buy for investors

Residential and commercial real estate are two completely different markets, even in Michigan. And the economic downturn has affected each of them differently. While residential homes continue to be foreclosed on by banks, commercial real estate hasn't necessarily had the same outcome from the slump that the economy has been in, although it most definitely suffered. In fact, the economy in many cities and states is actually improving, resulting in a comeback for the commercial real estate market.

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