Small Business Tips

July 27, 2010

Local Marketing Tips for Small Businesses

When it comes to the art of marketing many people seem to know random tips and have opinions about it but the people who really knows what works and what are the steps to take a small business from zero to success are not going to hand over all of their years of hard work to just any newbie or competitor who enters a similar market.

Today’s business world is quite complex and competitive markets seem to get tighter by the day, as a small business owner you need strategies, organization, creativity and you need to make a lot of “friends” as you develop your marketing plan. The first step is to always have some sort of flow chart which can be made from putting random ideas on a piece of paper, you can write down your budget, your options, costs and target markets you want to reach within your local community. Whether you are in a big or small town within the UK or anywhere in the world for that matter, knowing your potential customers and competitors should be one of the highest priorities.

If you are in business, you should have realized by now that your product is not “unique”, if it was you’d be monopolizing the niche you are in but since this is not the case you need to come up with a way to spin your marketing campaign to make your product sound and look unique to your prospects. You can offer a special guarantee, a trial, samples, free merchandise, discounts or any other kind of “incentive” which is going to add value to your product or service setting you apart from the competition.

After developing a good marketing idea and positive spin for your business products and services you need find a medium to advertise what you have to offer, this is where your networking skills will come in handy, many people love the “business card” approach but if it not done correctly you will be throwing away your fancy piece of paper. The number one mistake is to pay someone to distribute your cards on the streets or placing them on phone booths, etc. This practice will only degrade the look of your business and will drive people to your competitors who might be advertising through more professional mediums.

Always advertise to your target audience, for instance, it would be futile to advertise Real Estate deals on a high school football field, why? simply because the ones who will be looking at those ads will be teenagers who still have a lot of work to do before buying a house of their own, so consider places where your average customer would be exposed to your advertising

Another good way to get the word out is to use the web. As a smart business owner is your responsibility to learn new ways to advertise to your clients cheaply and effectively. Major search engines such as Google and Yahoo are excellent for this type of advertising since they are able to deliver “geo-targeted” visitors according to their “IP addresses” this only means that if you are operating in Whales, you will be able to target potential customers using these “geo-targeting” capabilities. Also if you advertise online try to avoid advertising through mailing lists unless the people you send emails to have opted to get your newsletter.

Today’s business world is complex and competitive so when it comes to marketing your business you must always think outside the box.

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July 17, 2010

Small Business Owner Sales Tips

Small business owners may find selling awkward or difficult at best. Here are some tips and sales techniques to help understand the process.

Sales is not a dirty word. People seek answers to problems and if you provide a quality solution at a fair price, delivered on time and willingness to service after the sale, the buyer and seller each win. This is key to making repeat sales.

A sale is identifying a need (problem) and offering a suitable product or service (solution), yet there’s more.

You know the value of what you offer, so how do you convince a prospective customer? Understanding the psychology of what happens during the sales process requires empathy. You need to know what the prospect is thinking. Here are a few sales tips with answers to that part of the mystery.

Tip #1

People buy based on emotion more often than reason. They purchase what they want, not necessarily what they need. First impressions are crucial, so your initial approach must establish a professional image. You have 5 seconds.

Tip #2

People will buy from someone they trust. Your credibility must be evident, and how you open after those critical first 5 seconds will often determine your success. Do not try a hard sell up front. Avoid talking about the weather, current events, or the latest joke. It is time to listen. A brief introduction is usually enough which gives the prospect a chance to explain their business and situation.

Tip #3

People are not looking just at you. What you have, what it does, and how it will help doesn’t matter until you understand fully what they want. If you start out with an open ended question, you show respect for the buyer’s time, and a willingness to listen. Any question that may be answered “yes” or “no” won’t work. Open ended means you begin by asking or stating something like “Please take a moment to explain your business and a few details about what you need.”

Tip #4

People will open up if given a chance. Do not dominate the conversation until you understand what they want. Be prepared to paraphrase what you hear, and then offer your solution. Your message needs to be direct and to the point to establish the benefits of what you offer. Anything that you can do to create a mental image of your solution and the benefits to the customer shows you care more about them than the sale.

Tip #5

People are usually sold before you ask for the order. Many are presold in those first 5 seconds explained in Tip #1. If you listen first, restate what they have said, and then explain your solution in terms of the benefits, it’s time to ask for the order. A small business owner may not be comfortable here. My advice is simply state “I want to do business with you. From what I have learned, I’m ready to help, so let’s get started today.”

Tip #6

People will forgive mistakes if you remain honest. Establish trust, and openly admit errors if mistakes are made, and your customers are more likely to remain loyal. Have a plan when things go wrong. React quickly and state what happened, what you are doing to resolve any problems, and how long it will take. How you handle mistakes will be remembered by your customers a lot longer than what went wrong.

Tip #7

People will not forgive a dishonest salesperson. A sale is not about tricking someone into something they don’t want or need. This is an important and tough rule: Be prepared to refuse an order if you realize your solution just won’t work. In any sales situation if you perceive an opportunity to sell, but doubt the results of your product or service, consider your long term reputation. Credibility lost is nearly impossible to regain, so give your customers the truth up front.

In conclusion, the value of placing what your customer wants, or needs, ahead of your sales quota or personal interests will help you succeed. Repeat sales depend on a business relationship where you care about your customers. Adapt your thinking to solving problems instead of selling something. The best salespersons are still those who are good listeners.

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July 13, 2010

10 Tips on Buying Small Business Insurance

Small businesses need dedication and vision. And as protection they need comprehensive insurance to protect themselves from disasters, illnesses, disability and loss of property and goods among many others.

Every small business owner needs a business owner’s policy cover. This kind of policy is designed to protect every kind of risk possible: property insurance, liability insurance, business income, machinery insurance, human failure, employee protection and management protection, and more.

There are many options and the choices can be mind boggling. Here are a few tips for buying small business insurance coverage:

1. Surf the internet and download a “business owner’s insurance check list.” This will form the basis of your effort to get small business insurance cover.

2. Make the effort to do a comprehensive search for the many options available both online and offline. Or ask your insurance agent to create a docket of options.

3. Understand what your business will need and seek coverage accordingly. An ideal source for insurance coverage is trade associations and business groups; they often have tie-ups with insurance companies for coverage at reduce premium rates.

4. Check the website of the Institute for Business and Home Safety for recommendations: www.ibhs.org and the Small Business Administration: www.sba.gov.

5. Ask for quotes and recommendations from at least three leading small business insurance providers. Making a comparison of the coverage and rates will help you get a good deal.

6. Use a small business liability tool available online to determine the risks faced by specific small business. Note down the risks and get a quote for an insurance policy that covers all the delineated risks.

7. Contact the same insurance company that covers your life, health hone and vehicle. Often when a company knows a person as a client then they offer better insurance rates and facilities.

8. Often online polices are offered at better rates. Surf the internet for a small business insurance directory and explore buying insurance online.

9. When buying a small business policy online ensure that the company is reputed and has been in business for a long time. Check with the better business bureau whether there are any cases pending against the company.

10. Buy insurance from a leading insurance company that follows fair business practices. This way you will maximize your protection as the insurance company will be reliable.

Choose a comprehensive policy and ask for a COLA option; the cost of living adjustment option will ensure that the insurance plan stays current with inflation. Before buying a policy online or offline check the financial ratings of the insurance company.

Ensure that you check the United States small Business Administration’s standards and requirements before buying an insurance policy to cover your small business. Check the World Wide Web for updates on insurance laws and needs. Read articles and tips written by insurance professionals. Learn how to protect your interests by making informed choices.

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June 27, 2010

Three Small Business Marketing Tips to Create Mini-celebrity Status in Your Industry

Getting your name on everyone’s lips in your niche market ought to be a priority for any coach, consultant, designer and any other woman small business owner.

The reasons are simple: when you’re perceived as a “THE” hot-ticket personality in your industry you shift the balance of power regarding your fees, the contacts you make and nurture, the opportunities you’re presented with and the lifestyle you choose to lead. Using this niche marketing strategy you shift away from the typical passive-stand of most women business owners, and shift towards your true role as the powerful leader and successful entrepreneur of your thriving business.

I realize that talking about the balance of power may make some women entrepreneurs uncomfortable. That’s because for too long, women small business owners have been giving their power away by charging too little, not having an abundance of clients or not being seen as an authority in their industry.

But trust me, the more you practice stepping into the role of powerful leader and successful entrepreneur, the more your business will begin to produce the kind of opportunities, money, prestige and fulfillment that you desire.

You simply can’t make the amazing difference in the world you know you were born to make unless you’re willing to be seen, be heard and be respected as a source of powerful wisdom and authority on your topic.

So, where do you start?

By cultivating “mini celebrity” status for yourself within your industry.

Here are three quick tips to help get you started:

Small Business Marketing Tip #1: Express Your Opinion (and often!)
What’s happening in your client’s world about which you have strong feelings? Talk about it! Don’t be afraid of creating a little controversy. In my experience, when you voice a strong opinion others feel as if you’re representing them. Speak passionately, not passively. Not everyone will agree with your views but they will remember you!

Small Business Marketing Tip #2: Rub Shoulders with Other Celebrities
Remember, “birds of a feather, flock together”. Look for opportunities to be photographed at prestige events or standing next to recognized faces. Don’t wait for your once-in-a-lifetime chance to meet Brad Pitt or Oprah to be photographed with the glitterati. Hey, even the weather gal on your local news counts as a celebrity!

Is this considered phony or cheesy? Not at all. Our culture is fascinated with the rich and famous. These people have a mystique to them. They seem to live a charmed, magical life. One snapshot of you standing next to a celeb automatically infuses you with a bit of that fantasy-world mystique that suddenly ups your “Wow!” factor.

That bit of star power can quickly translate into higher open rates for your newsletter, more seats sold at your next event and new clients standing in line to work with you.

Small Business Marketing Tip #3: Cultivate Authority
Are you quoted in your industry magazines? Do you deliver keynote speeches at important events? Do you publish an ezine, articles, books, CDs or other information products? If so, then yes, you ARE an authority!

I recommend making sure that each month you take two or three actions that result in getting interviewed, quoted or seen as an authority by the public. All you need to do is send out press releases, call other experts in your field to swap interviews, send a tip or a quote to a magazine journalist or send an article idea to your industry trade journal. Then, each month, “rinse and repeat!”

Cultivating mini-celebrity status doesn’t mean you must have a super-sized ego. It’s simply a smart business decision to make and use for taking action. Look in your heart and tell yourself this: “The more I show up as a recognized leader, the more I am fulfilling my Soul’s Divine Purpose™ in my business!”

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June 25, 2010

Business Tips For Small Business Owners

Business tips for small Business owners

Seo stands for search engine optimization. and any small business owner will be trying to advertise his products, but they find it difficult to advertise there products will less budget.

Small business owners to advertise there products only see news paper or pomplets or hordings as the sourse for advetising there products, but the one and most important thing ignored by business owners is internet. Today millions of dollars of business is dotn through online.so small business owners should understand the importance of online business and targeting the customers through online.

Small Business owners should try to employ latest technologies which are cheap and best to target the customers . Business involves selling the products using many marketing techniques. Marketing is not just selling goods, it also involves coustomers satisfaction, customers get satisfied only when his requirements are full filled.

But if the small business owners concentrat in seo, sem or ppc they can advertise there products in a cheaper way. but seo some times can be costlier, but seo is the best method to target the right coustomers with less budget. seo stands for search engine optimization sem stands for search engine marketing, and ppc stands for pay per click. by employing a right seo consultent the small business can benefit a lot in reaching the target goals.

small business owners should also target internet world. many people are searching for information in internet, there are many people who are searching for products online. so small business owners should concentrate on the people who are searching for produts online.

 

 

 

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