July 29th, 2010 at 6:08 am
It seems like video content is growing in popularity lately and I’ve seen it used in some really unique ways. So much so that I’ve often been tempted to start adding video content on my other blog. But alas, I don’t have a video camera yet and I’m not exactly sure of the whole process. So I find myself wondering - would making and posting videos to my website really be worth my trouble?
According to an article that I came across on BizSugar.com, adding video content does have its benefits. Not only does it help you engage your readers more but it also can help you in your search engine ranking. Visit CIK Marketing if you’d like to find out how to tap into the SEO benefits of adding video content to your website.
July 27th, 2010 at 6:40 am
Small businesses tend to overlook the importance of hiring a management consultant; they don’t realize that big businesses are into this kind of stuff because they know that this can greatly affect the return of investment.
Yes, you heard it right, management consulting can play an important role in increasing the rate of return on your investment. This is something that small businesses do not typically understand.
For your information, big businesses are hiring management consultants at every level of their operation everyday. It might be a liability at first glance because you need to shell out cash for this, but third party help is needed to increase the profitability of the business. Small businesses are being blinded by the fact that they must limit expenses, but if you will spend for something better, then management consulting is an exception. In order to stay afloat, you need third party help from management consultants.
Entrepreneurs are often trying to convince themselves that they alone can understand their own business, so management consulting shouldn’t be considered. But this has been proven over and over again that the cause of business failure is the lack of understanding of the business operation. Your business is your own creation, but there are some areas that you need the help of an expert. We have seen this situation over and over again, yet small business entrepreneurs are just so stubborn to continue being the captain of their own business even though it is already beyond their understanding. Had the entrepreneurs hired a management consultant, failure wouldn’t be tolerated. They have the expertise to take a good peek at the situation and prevent the business from failing.
The lack of return of investment is what causes small businesses to fail. It is impossible to continue the business operation with no adequate supply of financing. The reason why there is a lack of return is because the operation does not seem to meet the requirement. It could be on manufacturing, sales, marketing or purchasing. These are the operation stages where small business should have a careful look. To respond to the need of looking into these areas further, a management consultant is needed. Once a wrong approach is taken, then you’re on your way to failure.
Management consultants can analyze the operation in real life scenarios. They are not doing things theoretically. By looking into the real situation, they can tell the real solution and the real threat to your business. The information regarding the operation of the business is very vital, and only management consultants can decrypt what’s lacking and what’s sufficient. Once you get valuable insight, you can immediately work out the solution.
With the intervention of management consultants, your small business has the edge to succeed. It is important to hire a management consultant because they can provide valuable information about the business operations, hence the business owner can quickly identify what area of the business must be worked out to avoid failure.
July 22nd, 2010 at 6:39 am
Unless you’ve been living under a rock for the past few years, you’ve no doubt heard of the popular movies in the Twilight series. So, have you ever considered that Twilight may actually be able to help your business? No, seriously! Last week, we learned that that’s a real possibility.
New product developer Kimber Chin, founder of Business Romance, uses her career as a romance writer to help clients successfully launch winning products to eager new audiences. Kimber joined Anita Campbell for a 30 minute podcast interview centered around using Twilight as inspiration for your business. Head on over to Small Business Trends Radio to listen to Kimber’s unique interview.
July 20th, 2010 at 6:28 am
It can be overwhelming sometimes to see a lot of tasks that need to be done for your business. Sometimes you can manually do the tasks but they often lead to added pressure and stress. The solution for this is to find software specifically designed to do some of these tasks and help eliminate the burden. Many business managers are on the lookout for software that can help them do the tasks while improving their business.
There are several web based applications where you can be able to work remotely for your business. You can do your tasks even when you are away from your office. But of course, the software is not only limited to this functionality. There are several software programs in the market, whether a web based application or a stand alone program, which have been made available for managers to provide solutions for their ever growing task expansion problems.
Aside from the software mentioned above, managers may also need integrated calendar software that can enable them to monitor what their staff is doing at a particular date and time. You can also purchase a project planning software. This can help you manage your business plans by simply assigning projects to staff and track the progress according to date. You may also need software where you can store all of the soft copy of your documents. This will make document piling much easier. If you need to print out those documents, it can be easily pulled out from the document storage device. So now, creating and producing a document is a few clicks away.
Customer relation management should not be compromised by these overwhelming tasks. Sometimes, we tend to neglect customers because we have been busy doing other stuff. There is also management software available to help you with your customer relation management. There is available software which could help managers manage and assist their customers in the most organized formula. The functionality varies depending on the programs associated with the application. You can find several customer management software programs online. The advantage of acquiring customer management software for your business is that it can precisely provide information when customers make a call. It will provide the most relevant information for the customer. But generally, functionalities may vary depending on the software.
Small business management software may come in various forms. It is not limited to the functionalities mentioned above. Whenever you need a task to be done in a timely and effective manner, start searching for small business management software online. It is surely the best solution for you. Conventional managing of a business is not bad nor is machine operated tasks. As long as you, as the manager, can take control over everything, your business can take the lead. If you are ready to move your business forward, get some help from small business management software. The success of your business is dependent on how you do your best and how you use resources to help improve business processes.
July 15th, 2010 at 6:50 am
Company blogs have been gaining in popularity for small businesses over the past few years now. They are a great way to stay connected with current customers and serve as a great avenue for enticing and obtaining new customers and clients.
If you’re new to blogging for your business or company, you may be at a loss for exactly what kind of content to post on your blog. Or maybe you’ve been at it for a while now and you think you’ve run out of topics to write about. Well, I’ve got just what you need. A list of 25 blog topic ideas to help jolt you back into great writing.
Follow me to Sociatic.com to see if any of these 25 blog topic ideas can revive your writing mojo…
July 12th, 2010 at 6:11 am
If you think you have achieved success when you saw your business up and running, you are wrong. You are actually just starting. You are not really considered successful yet if you have just started your business. Your greatest challenge comes when you have to make your business available to the public. You still have to find who is going to buy your products.
This challenge could never be boring. You can be creative and organize fun stuff to promote your business to the public. Well that sounds easy and fun, but the truth is, you have to know something more about promotional campaigns before you can be successful on that end.
Promotion is the process of advertising your business so that the public will become aware of your business. Promotional campaigns should be something that will get the attention of the public. It is not as simple as just telling someone about your product. You should do something to organize creative advertising so that your audience will not only enjoy, but also learn something about your product and your business.
The reason why you need to promote your business is to inform the public about what you can offer them. You need to let the public know that you can provide a solution with your products and services. You have to establish communication with the public in order for your business to survive. Otherwise, you will end up existing in your own world. The public must know that you exist.
In promotional campaigns, you must think outside of the box. Be creative in your promotion because this is the only way to drive customers to your business. All kinds of businesses, whether big or small have their own way of establishing rapport with their customers. You can call your customers to let them know about sales and special discounts or offer to mail out up to date brochures and catalogs. These could be the best way to reach out to your market.
It can be risky to start a small business, but the reason why people keep doing it is because it is such a great fulfillment when you can start a business and make it successful. You wouldn’t know how wonderful it is to see your own business running unless you take the risk to do so. Promotion can be a hassle, but if it will make your business active, you must be willing to take on the challenge. If you see the result of your labor, nothing can compare to the fulfillment that you may get out of it. With hard work and the right promotion strategy, you can take your business to the next level.
Take some time to research the best and most effective way to promote your small business. It’s not the size of the business that counts, it’s the people who value your business that matter. And people will value your business if you are promoting it with great pride.
July 8th, 2010 at 6:35 am
Gone are the days where marketing can be done by just buying a small ad. Business cards are no longer attracting customers and sending mail or postcards may not get you new clients. These are traditional marketing strategies. We used to witness how these strategies helped entrepreneurs to manage their business. But this is no longer the case.
We may say that all these traditional models of marketing are obsolete. If you are aspiring to get high profits, more clients, or to establish more sales, or generate a lot of money; then it’s time for you to move on to higher levels of marketing. If you are still thriving on the traditional marketing strategies, then you are just wasting your time. Traditional marketing practices are already worn out. What you can do now is focus on some strategies that are working, are efficient and alive. Make a difference in your marketing strategies and ensure that it goes along with the modern demand of the market.
Most entrepreneurs are using the media with the belief that it has a strong influence on society. The media can reach potential customers, but if you are placing ads and using media in a traditional way, then you are doing it wrong. Stop thinking about where you should put your ad, instead think of your audience. Associate the media with your potential market, and with the correct combination of media, potential customers and placement of ads, you will surely get people towards the doorstep of your business.
Marketing will never be effective if you don’t have compelling reasons to persuade people to support your business. Marketing is just the front end. Marketing is not what makes people buy what you are selling. It is still the quality, the efficiency and the truth behind your marketing campaign that makes people buy what you are selling. Marketing is important to attract customers, but it is your commodity that should persuade the customers.
Do not do business with anyone else. I mean, if you are following in someone else’s footsteps, or somebody is following you, then that would be foolish. You must declare that you are the only option. Your prospect customers should see your difference among any other kind of business. Make the decision making easy for your customers. Claim that you have a unique business and you offer excellent products and services, and then show them that they could not get that in another company.
Marketing could be very easy, but make sure the marketing strategy you are using is something new. You don’t need to spend money on marketing or advertising, for this will make it traditional. Marketing should reflect your ideas supported by testimonials and persuasive messages. This is what customers are looking for in marketing.
The information is still of great value. You should market your business in such a way that people will learn something about what you are offering, and in learning these things, you can be able to provide solutions to their problems.
July 5th, 2010 at 6:41 am
Despite a modest-to-invisible economic rebound in the U.S., conditions remain precarious for millions of small business owners in all areas and industries. With economic headlines shouting one big problem after another, we’re conditioned to think about economic dangers in grandiose terms - the calamity that cripples and possibly sinks a business, whether it’s a giant oil company, or a local restaurant.
But the path to ruin is more often paved with small missteps, rather than a single cataclysmic event. Here are 13 mistakes that individually might not be life threatening to your business, but together can be terminal:
1. Hoarding Information. Keeping employees, partners, vendors and others on your team including your accountant informed of news both good and bad is important to staying on track. Encourage employees to look for trouble “hot spots” and ask for their help as an early warning system to identify and solve problems before they catch fire.
2. Overreacting to Bad Reviews. Customer complaints are valuable indicators that can tell you when somethings amiss. Make sure feedback reaches you quickly, and take it seriously. These days, complaints are far more likely to appear as bad reviews online. Make sure you know what’s being said about you, but understand it’s part of how the world now works. Respond to negative reviews with positive steps or information.
3. Creating a Conflict Cauldron. Internal conflicts with partners, investors, clients or employees are highly toxic to a business already in survival mode. If they spiral into litigation, the end won’t be far away. Successful businesses learn early that there are greater profits in peacemaking. Take steps to resolve conflicts early. Try arbitration or mediation.
4. Procrastinating on Technology. Business owners faced with declining sales, tight deadlines or dwindling resources sometimes delay updates to financial and IT systems. But putting off key projects can result in lost time, money and productivity. If you’re still doing finances manually, start using simple accounting software and web-based billing and invoicing services.
5. Allowing Process Chaos. Even in a very small business, confusion over what to do and who’s in charge when there’s a problem can magnify mistakes. Establish rules and hold people accountable for following them. Put standards and expectations in writing. Being entrepreneurial is great, but people still need to know how you want things done, and will appreciate detailed instructions.
6. Discouraging Dissent. Everyone should be encouraged to speak up if they believe the business is making a mistake. Help each employee feel responsible for the overall success of the enterprise.
7. Wearing Competitive Blinders. Failing to stay informed of what your competition is doing can be lethal to your business. Stay abreast of news and developments from similar firms in your industry or area. You’ll avoid being blindsided by major moves. Ask clients and business associates how they feel your business measures up to the competition.
8. Taking Good Employees for Granted. High turnover and the departure of valued employees can accelerate troubles. Rewards and recognition - even small gestures - go a long way to keeping your best people around. Treat new hires with care. Provide a mentor, if possible.
9. Failing to Fight Fraud. Employee theft is a serious and growing problem for small business. According to the National Federation of Independent Business (NFIB), an employee is 15 times more likely than a non-employee to steal from an employer, and employees account for 44 percent of theft losses at stores - more than shoplifting and vendor fraud combined.
10. Letting your Website go Dormant. No matter what type or size business you have, your website grows more important by the day. Customers expect websites to be well-designed, informative and up to date. If yours isn’t any of those things, you’re playing with fire.
11. Ignoring Social Media. Even if you don’t have time to take a deep dive into the world of Facebook, Twitter, LinkedIn and other social media, pretending they don’t exist puts you at a competitive disadvantage. Allocate time to learn the basics; or delegate the task to somebody else.
12. Denying the Data. It’s not enough to merely gather data about how your business is performing. You have to look at and interpret the information and heed what it’s telling you. Many business failures could have been avoided if the owners had pinpointed the trouble earlier and taken corrective action.
13. Refusing to Raise Prices. When small businesses struggle to grow - or even survive - the role of pricing is often misunderstood. Many entrepreneurs assume that price increases put them at an automatic disadvantage. But that’s not necessary so, if you have a clear pricing blueprint for your business. Small, strategically targeted price increases can actually give you a competitive edge.
About The Guest Author: Daniel Kehrer writes the What Works for Business blog at Business.com where millions of small business owners find the products, services and solutions they need for their businesses every day.
July 1st, 2010 at 6:40 am
Given that most purchasing decisions are now made online and are heavily influenced by the recommendations of friends and peers, there is no doubt that social media provides a very powerful medium for brand building.
For the many small business wondering how to participate, here are a few tips that can really help make the bold new world of the open social web an opportunity, rather than a pain point.
Be Aware of Your Differences
SMBs face different challenges than enterprises. For one, small businesses are often led by a single person who wears multiple hats, including that of a marketing guru. With this scenario, all of the marketing choices out there can seem daunting. Your advantage over the big guys is that you know your customer intimately. Resist creating too many different programs or campaigns to maintain. Identify where your customers hang out, outline a clear course of action, latch onto a few tools and stick to the program, including measurement milestones that can help you assess your strategy along the way.
Content is Better than Advertising
There is inherent distrust of advertising, especially in today’s saturated market. Small businesses that can create interesting, informative content for their customers and would-be customers will do better than any canned corporate ad campaign. This is easier than people think. You know your customers, what they like and what they don’t. The challenge is simply to package the information in a way that is appealing.
More than a Website
At this point, everyone agrees that you need more than a strong website. You should be leveraging other tools as well. For instance, Facebook, Twitter and LinkedIn are all powerful platforms. They can be a useful way to share exclusive content with your fans, which can prove a great tool for converting first time customers into long-term advocates. Look for simple ways to manage. For instance, you can manage all of these accounts from social media aggregators such as Ping.fm, Tweetdeck, Hootsuite or NutshellMail.
Another option is creating your own web app. A free platform like Conduit can level the playing field for SMBs. Using this platform, you can bundle many different elements of a business’s web presence together - including websites, blogs, RSS feeds and social media - into one easy-to-create and deploy web app that goes with your customers wherever they surf on the web; keeping you and your offerings top of mind at all times.
A Real World Example
MyVoucherCodes.uk understands the importance of multi-faceted engagement as a means to encourage return visits to their website and to stimulate a high conversion rate. They successfully combine all of their promotional channels in order to capture their visitors’ attention every where they go on the web, including their newsletter, Facebook fan page, Twitter feed and web app for IE, Firefox and Safari. The company also used email marketing to invite more than 400,000 subscribers to install their app and join their Facebook and Twitter fan bases.
What it All Means
Even if smaller businesses are restrained by limited time and budgets, they can still be extremely innovative in the way they use online marketing technologies. With new tools emerging all the time, the rapidly rising impact of online influence means that SMBs can deftly play against their larger rivals.
About The Guest Author: Adam Boyden, president of Conduit, is responsible for the strategic direction, marketing, business development, and U.S. operations for the company. Boyden is an expert in online and Web 2.0 marketing and a well-published author.
June 29th, 2010 at 6:17 am
Expenses can be a burden for any particular company. This is something that a business owner cannot avoid. Of course, the prerequisite for a business to operate is start up capital. You can’t manage and operate a business from an empty pocket. You need to shell out money in order to start your business operation.
Since expenses cannot be eliminated, entrepreneurs must find a way to at least lessen the cost required for business operation. A successful business knows how to control the costs. Manage your business in such a way that every small detail of your expenses will be recorded and you’re spending at the smallest possible cost. You must note that small expenses can pile up and often cut into profits.
Knowing where your money goes is as important as knowing where it came from. You should be clear on both ends because most entrepreneurs are not aware where their money is going. This I may say is a lack of financial management. If you are smart about acquiring money to start a business, you must also be smart about your expenses. Your business cannot move forward, unless you know your finances. In short, managing a business includes checking your expenses regularly so you can be able to clearly identify your expenditures, and in doing so, you can be able to save your profit.
There are a lot of ways to save. If you are managing and operating your business in an office, you must also spend for the furniture, computers and other office equipment. Of course, it is impossible to start a business without this equipment. Buy your office equipment in bulk. This way you can be able to ask your dealer to offer it in a wholesale price. Or better yet, look for Sale items. You just can’t imagine how much you can save from this.
Quality should not also be compromised. Do not buy equipment that is cheap but also low in quality. You can still find quality items at lower prices. Just be patient and you can find the item you want, at a lower price, without compromising on the quality.
You can also take advantage of membership discounts from your organization or from trade associations. Take advantage of your privilege for these discounts. If you are going to buy in bulk, discounts can be of great help because it will save you a lot of money.
In terms of advertising and marketing, you can always try manual advertising first before using paid services. Market your business through word of mouth. Talk about your business, and encourage everybody to spread the news about your business. You can also take advantage of technology. We have different social media platforms available that you can use to create an online community and to reach potential customers on a wider scale.
Operating and managing a business should not always be expensive. If you can think outside of the box and be creative enough, you can get your business through without spending too much money on office equipment and advertising. The decision and the strategy is on the manager’s plate. Business owners must do something with their expenses, or else, it will eat up your profits.