Tuesday, November 24, 2009

Top New Year’s Resolutions for 2010

The confetti's cleaned up and you're back to business. Will this be the year that your company grows to the next level? Or will you be content to grind out another year waiting for the phone to ring? According to small business experts from across the country, the first quarter of a new year offers tremendous potential for small business owners and entrepreneurs willing to make changes.

Resolution #1: Help Your Customers Find You Online
If 56k modem speeds seemed fast the last time you updated your company's web site, it's time for an overhaul. Likewise, if your web design only looks right on a single web browser, consider opening up your online presence to the whole world. Inexpensive Website design services can help you craft an online experience that works just as well on mobile phones as on desktop computers. Using text effectively can improve your ranking on major search engines. Search Engine Marketing campaigns are trackable ads that can bring new customers to you online, and you can use internet marketing or SEM to make sure your advertising money is spent wisely. SEO services can help customers reach you by having your website appear higher in top search engines such as Google, Yahoo and Bing. Sign up on Tradeseam to receieve qualified sales leads for your business.

Resolution #2: Communicate More Clearly, and More Often
Many business experts caution entrepreneurs to spend less time talking and more time listening. Instead of crowing about your latest ideas, use every tool at your disposal to listen to employees, customers, and partners. Web designers can easily implement customer feedback forms into Web sites that highlight common ideas and themes. E-commerce solutions and point of sale (POS) software tools can integrate customer surveys into receipts. Using online social media, such as Twitter, Facebook, TradeSeam or Get Satisfaction, to respond to sales leads, inquiries and complaints shows that you really care about customer concerns.

Resolution #3: Make It Easier for Customers to Make Payments
Tightening up on receivables can make a big difference to your company. Online credit card processing solutions let customers use their own plastic online as an alternative to having to physically visit your store to make a purchase. Many e-commerce solutions for small businesses now offer invoicing tools in addition to traditional shopping carts. E-mailing customer invoices not only saves stamps, it can also result in faster turnaround time for scheduled payments. Many credit card processing services will even automate regular transactions such as subscriptions or contract payments.

Resolution #4: Organize Your Inventory To Reduce Waste and End of Year Write Offs
For retail stores, spoilage, shrinkage, and shoplifting pose three of the biggest threats to profits. Even online retailers must think about stock levels, sometimes at multiple storage locations. Inexpensive POS and inventory management solutions can help you and your team stay informed about what you can sell. Auto-replenishment modules can alert your vendors when you're low on stock. And sophisticated e-commerce solutions can integrate with in-store registers for seamless customer experiences.

Resolution #5: Hire Great Talent To Grow Your Business
Small business owners are probably more sensitive to recessions than anyone else. However, guiding your company through troubled economic times can give you a greater strength than you might realize. As a successful business, you can use this time to recruit some of the greatest minds from less fortunate companies. Ask your Website designer to integrate a "careers" page into your Web site, so you can more easily catalog prospective applicants. Building a strong team during a weak economy can help you thrive during the next bull market.

Resolution #6: Don't Wait For 2012 For Your Next Resolutions
The very best companies don't wait for the ball to drop in Times Square before thinking about how they can improve. Charting your progress on a quarterly, monthly, or weekly basis can help you make smarter short-term business decisions. Instead of forcing yourself to make sweeping changes at the start of the new year, you can focus on smaller tweaks that keep you focused on your business.

Monday, November 16, 2009

SEO Is Critical For Every Small Business This Holiday Season

Establishing an Online presence is not simply a matter of creating a website.  Without a strategy to drive traffic to your website, your business will get lost in today's world wide web of websites. Search engine optimization can take your business out of the wilderness and put it on the Internet's Main Street.

The classic criteria for a successful business is still location, location, and location. On the world wide web, the optimal location for a business is appearing on the first page on Google's search engine results pages (SERPs). Getting there is not as simple as paying for an expensive lease, search engines use a complex algorithm to determine which websites are most relevant to the user's search and which site is most worthy of appearing on the coveted first page.

Search Engine Optimization (SEO) Strategies

The good news: your business' web presence is not entirely at the mercy of the Google gods. SEO experts have developed a set of White Hat SEO best practices for ensuring a site's visibility to the search engine. Optimizing a site for search entails good website design and content to achieve greater relevance to a user's search term, as defined by the Google's search engine. Some of the factors that Google use to define a web site's rank include:

1. Site structure 

2. Keyword density or frequency

3. Title and Description Meta tags

4. Inbound links


White Hat SEO Services

In order to keep pace with increasingly sophisticated search engine algorithms, search engine optimization has evolved into a complex art form. White Hat SEO services help you optimize your website by targeting the most relevant search terms and optimizing the site to convert the traffic landing on your site based on those terms.

White Hat SEO services typically involve:

1.   Keyword Mining. It's not always clear which keywords and phrases are most likely to lead customers to a particular site and convert for your business. SEO experts have the technical tools and the experience to identify the optimal keywords on which to base a client's online marketing strategy.

2.   Website Optimization. An SEO service can help you  reconfigure the content on your website to help focus on the targeted keywords and phrases that will convert on your wbesite.

3.   Link Building. Recruiting other websites to link to a client site boosts search engine rankings. In addition, SEO companies produce content such as press releases and articles, and place content on other sites to help your website rank higher in Google.

Search engine optimization should be a critical component of your online strategy as without SEO your investment in your web design may be a complete waste as your website would never be found by your potential customers.

Saturday, November 7, 2009

Beat The Recession By Filling Your Sales Pipeline With Sales Leads

SIn order to survive in the business world, you have to make every effort to maximize your sales. A sales lead is the identity of a potential customer who has shown interest in your products or services. In order to increase your business, you need to take several steps to increase the number of qualified sales leads especially if you are a small business owner or entrepreneur.

The following sales lead generation tips are helpful in this regard.

You need to have an attractive website design to represent your company on the internet. Alternatively you can also tie up with a business network site and create your business profile on it. You can use this profile to invite and connect to your past and present business contacts and concentrate on those contacts where a mutually trustworthy relationship already exists. This will also help you to advertise your products, and provide information about their suitability, advantages, and benefits so that the visitors can connect with you and become important business sales leads. This will also help you to find products and services that your business might need.

The next important step is to cooperate and tie up with other e-business owners who sell complimentary products and services and have a wide customer base. Their sites would be attracting various b2b leads. With a tie up with them you can widen your reach and get more sales leads. This collaboration will also enable the parent business owner to cross-sell your products and services to their customers and you can cross sell their products. Such business relationships can boost your business. You can take advantage of the credibility of the parent business and building credibility with clients and suppliers.

On the parent website, you can place informative articles that would give insight into your expertise. These can be in the form of informative content on your area of operation, pointers to your previous articles and articles written by others that quote you. You can also show your expertise by answering questions that are posted on that site and share your knowledge. When you communicate with your clients and suppliers you should create an email signature that incorporates the link to the original site’s business profile. You can also share the profile page of your business on major search engine sites such as Google and Twitter. This will automatically increase your business leads and help your business grow.

The other steps that you can take to enhance qualified sales leads is to get in touch with your previous clients and request them to recommend your products and services to the people they know. These clients know the value of your products and are the best people to promote your offerings and create more sales leads. In order to boost sales leads, you must have determination and perseverance. You should also engage in hosting free teleseminars, video marketing, forum posting, writing more articles and blogs, and social media marketing.

It is important to generate a steady flow of qualified leads to keep your business afloat. If you can form an idea of who might be interested in buying your products, you have begun well. And well begun is half done.

Thursday, September 24, 2009

Starting an Online Business

Even with the ongoing recession, building a business online remains a viable approach for any new start-up. Why? Well, while even online retailers are feeling the pinch of a tight economy, they are also expected to pick up market share at the expense of traditional retailers during this downturn. So, an online approach is both more sustainable during a slowdown and a way to get more out of the next economic recovery.
According to a recent study of 217 online retailers, most expect growth to slow over the next year, and most are seeing the recession impact their bottom lines. However, 80 percent of the survey respondents see online retailing as better equipped than traditional retailing for countering the effects of the recession. This is why online retailers should continue to take market share from more traditional competitors.

However, that does not mean that all online businesses will succeed. There are some fundamental steps that will help an online business get off the ground more smoothly.

1. Market Research to Identify Deamnd For Your Products and Services. Market research should help you determine several quantitative facts about your potential market, including overall size, demographic makeup, growth rate, and income level. These facts can serve as an initial reality check on your business plan, as well as help you make initial projections about the scope of your business. Beyond the quantitative benefits though, some fundamental market research should help you form a mental picture of your typical customer. This mental picture can subsequently inform a variety of other business choices, from web site design and development elements, to where to promote your site, to what range of related products or services to offer.

2. Competitive Analysis to Understand Your Competition. Your market may look attractive in isolation, but next you need to assess the competition. Who are the market leaders, and what are their strengths and vulnerabilities? Who are the new entrants into the market, and which ones are picking up market share? Knowing your competition will help you determine where you fit into the marketplace, and this in turn will influence your product, promotion, and pricing strategies.

3. Back-Office Infrastructure to Process Payments. This is a key. For one thing, an online business relies on a technology infrastructure that is affordable and yet will stand up to spikes in volume due to seasonality or successful promotions. Then there are key details such as credit card processing -- things that make the buying process as seamless as possible. For most start-up businesses, basic infrastructure issues such as the technology platform and credit card processing are outside their primary areas of expertise, so outsourcing solutions should be considered. Always compare credit card processing prices before you select the one that best fts your business needs.

4. Attractive Website to Increase Traffic and Conversions. Now you can think about setting up shop. That's precisely how you want to think about Web design--it is your place of business. The look and navigation of that Web site help you project an image to your customers. Are you hip, or are you traditional? Are you complex, or easy to access? Different positioning calls for different images, but there are two universal rules to website design: don't look amateurish, and don't make it difficult for visitors to make a purchase. This is another area where outside, specialized help can make a big difference, as opposed to spending time on something beyond your reason for being in business.Compare Web Design Prices to select the one that best meets your needs.

5. Use Internet Marketing and SEO to Promote Your Web Site. An online business should focus its promotional strategies on capturing an online audience. This means some non-traditional promotional strategies, such as search engine optimization (SEO) and internet marketing. SEO helps associate your product or service with Internet searches on related topics. Internet Marketing allows you to pay for Internet advertising according to the amount of activity it generates, and to monitor the results of that activity. Because the Internet is still a relatively new business medium, promotional techniques and consumer behaviors are changing rapidly. Fortunately, there are internet marketing specialists who can help you stay abreast of evolving strategies in Internet marketing. Use an online service to find and compare SEO prices and internet marketing price quotes.

Conclusion

Overall, there are two major principles to apply when starting an online business:

1. Your business plan should represent a combination of traditional business methods and techniques specific to the online medium

2. You should identify the tasks where your organization can add value, and outsource functions outside your primary expertise.

Applying these principles using the steps described above, should help you get your online business off to a successful start.

Thursday, September 17, 2009

Path To Early Retirement For Under $5K

As 68 million American baby boomers start to retire, they are redefining what retirement means. For many, it doesn't mean they've stopped working, but rather that they are exercising more choice over how they work. According to a 2009 survey, some 67 percent of people who chose to engage in some form of work found it to be satisfying, and in three out of five cases, they were able to find jobs for what are known as "encore careers."

Picking the perfect second act for your career can involve trying an industry or a field that's always interested you, helping out with a cause that you believe in, or getting a chance to run your own business.

If it's running your own business that appeals to you, chances are you don't want to invest a large chunk of your retirement savings into a new business venture at this point. Therefore, the key is getting started with minimal  up front investment. This is very possible these days, depending on how you set up your business, and what type of business you choose to go into.

Getting Started on a Shoestring Budget

To start a business with relatively little up front capital, the key is to minimize fixed costs. Variable costs--expenses of the pay-as-you-go variety--are preferable because they allow you to ramp up your investment depending on how the business is going.

Here are some key tools for keeping fixed costs low:

• E-commerce Solutions. Who needs a business location when you have the Internet? The ultimate low-overhead storefront, the Internet gives you access to a world of potential customers. Utilizing e-commerce solutions is much cheaper than having a physical place of business where you receive customers. For example, it allows you to avoid the many expenses of having a retail outlet, such as rent, utilities, staffing, and insurance.

• Outsourcing Back Office Tasks. Rather than building a complete organization from scratch, try to outsource anything that isn't central to the unique value proposition of your business. For example, functions such as customer support, credit card processing and human resources are only needed occasionally or periodically. Therefore, it makes more sense to utilize outsourced call center services for telemarketing or customer support or HR outsourcing for human resource activities than to try to staff it internally.

• Use Social Media Strategies to Promote Your Business. Developing a full scale online social media strategy can seem overwhelming at first. But you can implement simple things by hiring interns to do the leg work such as starting a business blog or using Twitter, and tracking different programs making adjustments along the way.

Low-Cost Entrepreneurial Business Ideas


If the above are some techniques for structuring a business with minimum up front investment, what are some lines of business which lend themselves to getting started with minimal capital?

One rule of thumb is that services generally require less investment than manufacturers or retailers, though with e-commerce some re-sellers can operate cheaply if they have tight supply lines and add value in the process. Focusing on services, the following are some examples of businesses that might be right for the current environment, and can be started on a shoestring.

• Business consulting. If many retiring boomers are going to be starting their own businesses, why not use your business experience to help show them how to do it?

• Green consulting. People are striving to become more energy-efficient, for economic and environmental reasons. If you have expertise in this area, consulting with businesses and homeowners on how to reduce their consumption is a natural.

• Public relations. If you have media and promotional experience, you could be in demand with the new wave of entrepreneurs starting their own businesses. In particular, bringing knowledge of modern promotional techniques such as social media strategies could be valuable to these new businesses.

• Employment counseling. Between a weak economy and an aging population, there are many people facing a career crossroads these days. Helping them find the right niche can be a good way to make use of any personnel experience you have.

• Lead Generation. Sales Lead Generation is growing by leaps and bounds as far as start up industries are concerned. This is a very special industry that affords flexibility and freedom that is unparalleled. And, there is even a significant demand for highly specialized lead generation consultants to help companies generate qualified sales leads in this market.

Running your own business may not have been your parents' idea of retirement, but things are very different today. If you have the entrepreneurial itch, starting a venture might just give you the satisfaction and extra income to make your "golden years" more than just an expression.

Friday, August 28, 2009

Hot New Entrepreneurial Enterprises

Sometimes, smaller is better--just ask the micropreneurs flourishing in today's marketplace. A growing set of entrepreneurs are building successful businesses by serving a niche market. Micropreneurs aren't trying to become the next Bill Gates or Larry Ellison. They're thriving small-scale on the strength of a loyal customer base and utilizing social business networking and utility tools to help with sales lead generation.

Micro-Enterprises Rely on E-Commerce Solutions

Micropreneurs are rewriting the rules of small business--and they're relying on the internet to make their business model work. A New York Times feature on startups explains: "the Internet has given people an extraordinary tool not only to market their ideas but also to find business partners and suppliers, and to do all kinds of functions on the cheap: keeping the books, interacting with customers, even turning a small idea into a big idea."Thanks to a range of online small business resources, today's micropreneurs have the resources to build their venture on a shoestring budget.

With minimal upfront investment, you can:

  1. Create an Internet storefront for retail sales. E-commerce solutions can create a Web site with point-of-sale (POS) capability. Online POS systems enables secure credit card processing on your site, allowing you to keep the doors open 24/7.
  2. Reach your niche market. Online sales lead generation and marketing tools excel at targeting interested consumers and businesses.
  3. Communicate with your customers via online business networking tools, a blog, or social networking tools. Social business networking sites offer powerful resources for finding your needle in the haystack, also known as your niche customers and partners. They can also help you keep in touch; today's customer service agents use online media such as twitter, facebook, tradeseam and email correspondence to connect with the public.
  4. Need niche supplies or equipment to launch your niche business? Tradeseam connects entrepreneurs and suppliers of all stripes. You'll find business resources including manufacturing companies, international suppliers, and everything under the sun online.
    Web-based technology offers a range of resources for small business owners. Time-tracking software and online accounting programs are just two examples of today's affordable, productivity-enhancing business tools.
  5. The Internet offers the reach and low startup costs to support a niche business.
    Spotlight on Niche Enterprises
  6. For many micropreneurs, the Eureka moment--the business idea--derives directly from a personal passion. The following entrepreneurs built a following--and a profitable business--catering to like-minded individuals.

Specialty Food Carts
El Dorado tacos? Chow Fun to go? More and more specialty food carts are cruising urban neighborhoods, with offbeat menus to serve the random craving. Restaurant consultant Clark Wolf notes: "Mobile food is one of the hottest things going all over the country. Brooklyn has its ribs truck, Manhattan has its dessert trucks, and now Los Angeles has the cupcake patrol."
Specialty food carts rely on social networking tools such as Twitter, Facebook to broadcast their coordinates. The strategy seems to work. L.A.'s Kogi taco truck draws between 300 and 800 by tweeting its location in advance, "setting off a taco-minded flash mob."

Pedicab
A physically fit duo in Spokane, Washington has pedaled to success with a pedicab service. Cheaper and more eco-friendly than a cab, the bike-based taxi is finding no shortage of riders around the downtown area. To get the wheels rolling in your own leg-powered cab service, you'll need pedicabs, licenses, insurance, and a local marketing campaign. Once you've gained a loyal ridership, you can establish a call center or online-based dispatch service linking riders to your mobile phone.

Guerilla Marketing Agency
Seattle businesses looking to make a unique statement can count on Wexley School for Girls to get the job done. The agency uses off-the-wall guerilla marketing stunts to build publicity for clients. For example, they created a buzz around Copper Mountain ski resort by staging a National Snow Day with improv ski-patrol actors and fake snow. The stunts aren't for everyone; "either you get what Wexley is selling--a very particular sensibility and approach toward marketing--or you don't," comments an admirer. But the agency isn't looking for mass appeal: "Wexley is biting off little pieces, looking to take on a particular niche of a business."
Build your own businesses staging publicity events for businesses. Start with an eye-catching Website Design and online marketing campaign to get the word out. As the costs of running a business come down, micro-enterprises are flourishing. These small businesses focus on a loyal niche, taking advantage of online business networks to communicate with customers, source, distribute, and to manage the venture.

In today's Internet-driven economy, it's no longer necessary to chase the next big thing. A great small idea can take you even further.

Sunday, August 16, 2009

Don't let your internet marketing efforts take a summer vacation

Strategies to make the most of the summer slowdown

When most people hear the word "summer," thoughts turn away from work to days at the beach, camping, traveling or summer sports with kids. We normally think of summer as a time when work generally slows down. However, spending on marketing during a slowdown has actually been shown to increase sales leads once spending picks up- according to one study, businesses that increased advertising during the ‘01-‘02 recession saw sales increase an average of 3x times more than businesses who kept marketing spending flat.Here's how to get a head start on Internet marketing efforts this summer:

1. An online marketing strategy like Search Engine Optimization or Search Marketing only works well if your site is equipped to deal with the increased traffic. Hire a website design services firm to make sure your site is easy to navigate and has the capacity to handle more visitors. If you don't have an e-commerce section, now is a good time to accept credit card processing on your site and build a shopping cart. Companies providing merchant account could also have special rates given the slow economy.

2. Develop strategies to land more customers. The way to do that, particularly for small businesses, is to use effective sales lead generation and small business marketing solutions to connect with new customers, partners and suppliers and create a positive experience. Make sure you give every customer the best experience you can. That means clean restrooms, courteous staff, eye contact, handshakes. You've got to do this better than the other people out there. Another good option for local businesses is community involvement. Join a small business networking communities or the Chamber of Commerce. Sponsor a Little League team. Let the Girl Scouts do a car wash in your parking lot. This is part of bonding with your community and becoming an established part of it.

3. Try New Social Media Strategies. If you've been putting off launching a social media strategy, such as starting a blog or using Twitter, now is the time. During the summer, you'll have the time to implement a strategy, hire interns to do the leg work and track different programs making adjustments along the way.