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Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Jan 29th
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Jan 17th
Beware of the market-talk that leads to aggressive, business breaking fear. It’s the kind of thing that can slip up on you. And before you know it, you’ve slid into a series of fear-based decisions.

To make the most of any economy we have to always take care of the basics first, and for me that begins with controlling my mind. Sometimes fear thoughts just slip in but you don’t have to let them run you, and in turn, your business. Besides, uncontrolled fear can cost you a lot of time, time that could go into the kind of strategy work that digs a savvy business owner out of trouble. And if you can control the fear, then you find creative and effective ways to take care of your customers, your employees and your marketing.
In, “9 Business Fundamentals To Always Remember” John Mariotti says:
“Always consider what is most important to your customers….Without customers, you have no business, so take care of them. But don’t be afraid to make a profit.”
Quality service and quality products can afford profitable pricing even in a down economy. But fear-based decisions can cause you make rash choices instead of strategic ones. For example, maybe a single item doesn’t make the kind of money it did before but a if you bundle it how does your market respond? If you keep your strategy cap on you just may find something that feels like more value to your people and keeps you in the black.
Now, if taking care of your customers is fundamental, then taking care of your team becomes key as well.
Your employees are your front line of defense and care. Your customers’ relationship with your company is often built through their interaction with one employee or another.
In, “Are You Rewarding Your Employees Fairly?” Anita Campbell, Founder of Small Business Trends, says:
“What matters isn’t whether you believe they are being rewarded fairly, but whether they think they are….workers who don’t feel they are fairly rewarded are likely to become resentful and seek to leave your business at the first opportunity.”
Or simply perform poorly (and that costs you money).
Anita references a study by WorldatWork, Hay Group and Loyola University Chicago professor Dow Scott. And according to that study one of the strategies that can help increase employees’ perceptions that they’re being fairly rewarded is good communication—you can implement that now. And the top factor in whether employees feel they are fairly rewarded is career development opportunities—this is a cost effective reward that small businesses can offer with some planning. Check out her article and the study for more factors.
Take Care of Your Marketing
In, “How To Pick An Ad Agency” Ivana Taylor gives her 7 step process for choosing an ad agency including step #5 where she suggests that you say “no” to the presentation and go to lunch instead. The goal is to find someone or organization that can successfully complete your marketing job over and over again. You want a long term and profitable relationship with your ad agency, because let’s face it none of us have time or money to waste.
Just remember, a challenging economy is not a time to shrink. Smart marketing is always essential.
Back to Basics Photo via Shutterstock
Regardless of The Market, The Economy or The Fear: Take Care of The Basics
View full post on Small Business News, Tips, Advice – Small Business Trends
Jan 1st
If you’re looking for a crash course on sales, or a sales refresher course, and don’t want to read a lot or learn a rigid sales system that some author says you absolutely positively must follow precisely — then Up Your Sales in a Down Market is a book for you.
Up Your Sales in a Down Market: 20 Strategies from Top Performing Salespeople to Win Over Cautious Customers is by Ron Volper, a business development consultant to the Fortune 500.
Whoa! Wait a minute! You’re thinking, “Did she say Fortune 500? What could a Fortune 500 consultant say that would be relevant to my business with 12 employees?”
A lot, surprisingly. I received a review copy of this book in the mail, and I almost set it aside when I saw the cover blurb about the author’s experience with large corporations. After all, we focus here on books for small business owners and entrepreneurs. We tend to avoid books that target a large corporate audience — that world is so different from the way small businesses operate.
Luckily, I took a few minutes to thumb through the book.
The first section I saw was a 2-page question and answer session between a patient and a doctor diagnosing the patient’s ailment. The author used this analogy to illustrate how salespeople must ask a lot of questions before presenting a solution to meet the customer’s needs and trying to close a sale. Now… that same point about asking questions has been made in countless sales books before. But somehow, seeing the point presented as a doctor making a diagnosis drove it home. Instantly the point clicked. Next time you are in a sales situation, think of yourself as a doctor trying to make a diagnosis. It’s not precisely like that – for instance, in sales you have to ask more open-ended questions. But still, the point about asking questions is memorable and it sticks, all because of the way the author presented the information.
What I Liked Best
This book is filled with practical bits. For instance, you’ll find a concise 10-page chapter on how to give a sales presentation. It covers everything from the best font size for PowerPoint slides, to the need to practice your presentation in advance, to using body language effectively. Another gem of a chapter discusses the sales proposal. It tells you when (and when not) to write and deliver a sales proposal. But the best part of this chapter is the detailed outline of what should be in your sales proposal, along with the most common mistakes to avoid for each section. Example: did you know that one of the most common mistakes on a proposal cover page is misspelling the customer’s name?
One of the things I especially liked about this book is the way each chapter begins with a hard-hitting sales statistic. The opening statistic makes a point about what you should remember from each chapter. Here are some examples:
Who This Book is For
About 70% of this book is relevant to small businesses with small sales teams, and even to sole proprietors. For instance, if you are a business owner who doubles as your company’s primary sales person, you can learn a lot from this book, particularly if you personally do not have a sales background. The information is practical, not theoretical. It doesn’t use corporate-speak, but instead uses everyday language.
That said, the primary audience for this book is sales managers and salespeople in large corporations who want to be top performers. Small businesses, you will get benefit — just don’t be surprised if you find certain chapters less useful than others: the chapter on sales contests and motivations; and the chapter on realigning sales territories, to name just two that are more relevant to large corporations.
Up Your Sales is not about retail or eCommerce sales. Also, if you sell small-ticket items or services, the selling techniques here will be less relevant, mainly because the economics won’t let you devote the time and effort to each sale the way this book describes. Mostly this book will be best for those whose minimum sale is north of $1,000.
What I Would Have Liked to See
I feel this book has value for small businesses. However, it isn’t up to date on the ways that small businesses today must sell if they want to survive. For instance, most small businesses must make heavy use of email, phone meetings, online meetings and other long-distance selling techniques. Many small businesses don’t have the time or money to send salespeople long distances to make in-person sales calls. The techniques in this book are definitely geared toward the in-person sales call or meeting.
Also, the book is very light on using networking, word of mouth, and social media as part of your sales prospecting. The section on social media consists of merely a half page that mentions using LinkedIn and Facebook to recruit salespeople to hire. But savvy small businesses and entrepreneurs today are using social media to fill their sales funnels or as key marketing stages. Word of mouth referrals and networking are huge in the world of small business. Yet those are not really covered in this book in the ways that small businesses use these techniques.
But as long as you understand these limitations, Up Your Sales has value, particularly if your company sells products or services to large corporations. This book does an excellent job telling you how to be more effective at selling to large companies.
Up Your Sales in a Down Market Is a Crash Course in Selling
View full post on Small Business News, Tips, Advice – Small Business Trends
Dec 7th
Deliver A Mobile Version Of Your Website In Just About Few Clicks For Ipad, Iphone, Android, Blackberry, Palm Os And Samsung Touch Mobile Visitors. There Are More Than 200 Awesome Features Available Which Are Made With Great And Easy Admin Options.
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Dec 4th
If you’ve ever asked yourself the question above, then this small business roundup is for you. You’ve got a great product or service in place, but how do you get customers to learn more about it and about you and your company? Marketing may not be as hard as you think and there are plenty of tools and a lot of advice to help you along the way.
Survey says: Small business finally using social media. A recent study shows a significant shift in the use of social media as a marketing tool for small business. Check out some of the interesting numbers as small business seems to be finally adapting to the social Web in a big way. MarketWatch
Facebook remains the platform of choice. Small businesses still swear by Facebook as their main social media marketing outlet saying it is still more effective than all other alternatives. You can check out a graph showing the breakdown of social media channels as well. eMarketer
Series of surveys show increased acceptance/effectiveness of social media. Paul Gillin has this roundup of surveys all showing that the time has come for social media marketing in general. Though the Constant Contact survey is the one most sited in connection with SMBs, there is some other data here to confirm the trend. Business2Community
Check out the full Constant Contact survey here. Check out the rest of the data in this survey released in time for this past Small Business Saturday. The Fall 2011 Attitudes and Outlooks Survey has plenty of insight of interest to your small business. Constant Contact
Is email really dead? Though it may be the last tool you think about in your marketing tool box, e-mail should not be counted out. Check out the infographic below and follow our link for a version you can share. VisibleGains
Google + for Dummies. Susan Payton takes us on a guided tour of the newest social media frontier with a review of this new guide to Google +. If you’ve been slow to get started, join the club, but understand the value for your business. Small Business Trends
SMBs prepare to invest in mobile. Though a survey may show small business still lags behind in the use of mobile marketing, other data points to the fact that mobile marketing may soon be on the increase among small businesses. ZDNet
Why mobile could be key to last minute sales. Not only can mobile marketing provide a compliment to your social media campaign, it can also provide important boosts where needed to generate sales on Holidays and at other special times. Venture Beat
Tips when designing your marketing plan. When coming up with a marketing plan for your small business in the new year, don’t forget these five important points. Your marketing plan should be the key to bringing in more clients and customers. Be sure you get your it right. SFGate
Project Rev 2012 offers marketing advice/tools. A new project focuses on delivering marketing advice and tools to 10 specially selected small business owners and entrepreneurs in an effort to help them find more customers. Business Wire
How Do I Market My Small Business?
View full post on Small Business News, Tips, Advice – Small Business Trends
Nov 22nd
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