Tips to Generate Business

Tips to Generate Business

Whether you are just starting out or simply looking to light a fire under your bottom line, it may be time to look for more ways to generate business. Don’t forget about the tried and true, such as word-of-mouth marketing and social media, but you should also look for alternate avenues to attract more customers and increase your profit. Read on for some helpful suggestions.

Use scripts to be more effective. Flying by the seat of your pants isn’t always a good idea, and using scripts can help prepare you for the unexpected. For example, before reaching out to a prospect, write out a few responses to questions the person may ask or concerns that he or she may express. The act of writing it down and even practicing saying it will help you exude the confidence and capability needed to close the deal. Find out more about how and when to use scripts by clicking here.
Find new leads. Have a plan to find new leads everyday. This can be done in several different ways including via social media, reaching out to current customers, joining local clubs, activities and partnering up with other local business owners. For example, if you write a blog, be sure to end it by asking for questions, feedback and other ideas in the comments section. Respond personally to as many as you can, especially when someone leaves you outstanding feedback, which could possibly be turned into a testimonial. Finally, encourage your readers to share your blog with their friends for even further exposure.
Reach out to current customers for reorders. Reorders should be an additional income stream. Be a good record keeper. You most likely have some kind of purchase history for your customers; take a look at this history for a certain time period such as the last six months. Reach out personally to a few customers. Ask them how satisfied they are with their purchase and suggest other products or services that complement something they’ve already bought. Such a phone call can not only bring you reorders, but also helps build and maintain an important business relationship.
Upselling is a highly effective way to increase profit, especially if you are an expert when it comes to your products and services. For instance, a customer wants to purchase a foot scrub from your health and beauty business. Before she checks out, suggest that she add the massaging cream and travel size moisturizer for a complete foot care kit. Offer to make a gift basket out of it for her, and now you’ve given her the idea that these products would make a great present. The worst thing you can hear is no, but you’ll never find out unless you ask.
Reach out to the community by hosting an event. Open houses, new product demo nights, and holiday celebrations can be the perfect opportunities to socialize more personally with the very people you want to patronize your business. Choose a theme or topic, invite local residents and business owners, provide refreshments and product samples, and most importantly, show your sincere desire to serve their best interests. Hosting events is a great way to introduce or re-introduce yourself to your customers and prospects.

What other tips do you have for generating new business? Please share your ideas below!

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How to Choose Social Media Tools for Your Business

How to Choose Social Media Tools for Your Business

When you begin to consider using social media marketing for your business, the choices can seem overwhelming. There are so many social networks out there, and will the time needed to do all of them really pay off in the long run? How do you choose what makes sense for your business?

Here’s a process you can use to help you decide and then use what you choose effectively:

Write down your goals for social media marketing: Are you seeking new customers, or looking to grow your mailing list? Are you interested in finding people that are interested in a business opportunity? By taking some time to consider your goals, your subsequent actions will be a lot more focused.
Define your target market: You must understand who you want to reach if you’re going to find them online. So spend some time narrowly defining your target market…their ages, education, income level, interests, etc. Then you can go and find them!
Figure out where your target market spends time online: Once you know who you want to reach, then do some research to find out where that target market spends time online. Facebook is a great place to find consumers, but if you’re looking for people interested in a business opportunity you may do better on LinkedIn. If you want to reach a more niche audience, perhaps the people you want to reach are on a more specialized network like fashionspace.com or wahm.com. Don’t just assume that the “biggies” are best for your business. Take the time to do the research so you know which network will help you reach the people you are looking for.
Decide how much time you can devote daily: This is also very important. If you’re a solopreneur, you’ve got a lot to do already, and adding the maintenance of dozens of social networks to your plate means that you won’t do anything well. Instead, narrow your focus to one or two social networks based on the daily amount of time you can invest. Remember, doing one social network well is better than spreading yourself too thin and leaving no impression on people at all.
Learn the social network before jumping in: Once you’ve got a short list of social networks that would work for your business, spend some time researching them. Talk to other business owners that have used them, and ask about their results and best practices. Read the terms of service of the network so you’re clear on what you can and cannot do as a business on the social network. And take some time to observe how others use the network at a personal level. If most people use the social network personally, you want to be sure your understand the norms and cadence of the interactions there, so you don’t come in like a bull in a china shop, alienating the very people you want to reach.
Commit daily: Once you establish your presence on the social network, realize it’s a daily commitment. Especially in the beginning as you’re building your momentum, it’s absolutely critical that you spend time every single day connecting with the people on your social network. Share great content, talk to people, answer questions. It’s the giving of yourself each day that builds the engagement that leads to new business.
Add your social networks to your offline marketing: Now that you’ve got an online presence, be sure to add it to your offline interactions. Add the URL of your social presence to your business cards and signage. Invite every customer to connect with you online. Let your in-person business contacts know about special “online only” offers that you provide online to encourage them to join you there. The beauty of the online presence is that you can connect with people a lot more regularly than just waiting to connect in person. Be sure every person you work with is invited to join you online.
Measure! This is perhaps the most important part of social media, and the one most often neglected by business owners. It’s not enough to set up your online presence and “feel” that things are going well. You must measure. The ultimate goal of any social presence is to convert contacts on your social networks to people that help you meet the goals you outlined in the first bullet of this article. So if you’re looking to build your mailing list, be sure you’ve got a way for people to sign up to do that, and call it out regularly on your social networks. Then measure how many people come to your sign up form, and how many get to the success page after filling it out. How many do you lose? If too many people are abandoning your form before completion, maybe you need to change your form. If your goal is to get more customers, then you should be measuring how many people are coming from your social network to your shopping page (or into your store…are you asking how they heard about you?), and then how many actually make a purchase after visiting. Google Analytics will give you a lot of this information. Make sure you’ve got it installed on your website, and are looking at the data regularly.

It’s not enough to just jump on Facebook because everyone else seems to be doing it. A measured, thoughtful approach to your selection of social media tools, and then measuring the results of your actions, will bring you much closer to your goals.

What social tools do you use? Why did you choose them? How are they working for you? Would love to read your thoughts in the comments.

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Create a Unique Story to Promote Your Business

A crucial element to a successful small business is the building of relationships with your customers. As with any relationship, whether personal or professional, each party must bring something to the table to share with the other person. Sharing details about yourself in even a small way can really go far in creating mutual trust and respect, both qualities that consumers find important when deciding where to take their business. Here are some suggestions for how you can promote your business by creating a unique story.

Remember why you began. No one takes lightly the decision to go into business for themselves. Although many things probably factored into your decision, there is most likely one driving reason why you chose this endeavor. Perhaps you wanted to find a way to stay home with your children during the day, or maybe a loved one inspired you to leave a job you didn’t enjoy to pursue a dream that would make you happy. When sharing your business with others (friends, prospects, network contacts), make sure to include this personal story. Tip: Write it out, including any details you remember, and then highlight the most important and personal elements. What you’re left with will be a memorable story that you can use when building business relationships.
Know your strengths and share your inspirations. What do you have to offer your customers that your competitors do not? A higher quality product? Personalized customer service that goes above and beyond? Whatever it may be, share with others why you think it is so important. For example, a wedding videographer finds much success by promoting her ability to shoot wonderful videos without being intrusive to the bride and groom. This is important to her because not only had she been to several weddings where the videographer got in the way, but her own wedding was nearly ruined when the cameraperson nearly tripped her going down the aisle! A humorous but personal story will make you seem more human, help your customers remember you, and demonstrate your commitment to making them happy.
Highlight your accomplishments and how you achieved them. Accomplishments can be anything from receiving formal recognition within your community to simply landing enough sales every month to turn a nice profit. Without being boastful, share your journey to the top with others you meet. Back to the wedding videographer, she would do well with a story about how she perfected the art of taking great videos without being noticed. People like to do business with others they know who work hard and take pride in that work. Don’t be afraid to shine the spotlight on yourself once in a while.
Reflect on how you learned from past mistakes. No one is perfect, so if you try to paint yourself as such, you will undoubtedly turn people off because you won’t sound sincere. When telling your story, include a few downs of your journey as well as the ups. That wedding videographer didn’t magically become so skilled overnight; she had some weddings in the beginning of her career where she was so focused on staying out of the way that she missed some important moments. However, watching and studying her own footage as well as studying the methods of industry experts helped her perfect her craft and improve her skills. After all of that hard work, she’s not afraid to share how she got to be where she is with others. Customers will appreciate your honesty and be reassured that you do truly strive for their satisfaction.

Identifying and sharing the unique elements of yourself and your business is an effective way to promote it. The key is in deciding which details to include and which to omit. Think like your customer when you choose!

Finally, make sure you practice telling your stories. You want them to sound natural and comfortable when sharing them. Remember that they’re your stories and yours alone, so don’t be afraid to a get a little personal while still staying appropriate.

Do you use unique stories in your business? Share your ideas below!

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How to Use Fun to Increase Business

How to Use Fun to Increase Business

If you’re like most people, you can recall a joke or two that you learned in your childhood and still retell it perfectly decades later. The reason you remember those jokes is the power of humor. When we find something funny, it signals our brains to store it in our memory. Using this idea can be highly beneficial to your business. Read on for some tips on how to incorporate fun elements into your business and increase your bottom line.

Make marketing fun! Many successful companies have created brands that don’t take themselves too seriously. For example, a pet waste removal service by the name of Doody Calls is one of the most successful in its locality. Why? Its name is simple, memorable, and invokes a laugh, giggle or at least a smile at the sound of it. Consider using wordplay in your marketing materials; it‘s a great way to stand out from the crowd.
Encourage friendly competition. The reason that gamification has become so popular in business is because it caters to our innate needs for recognition, praise, and the ability to express or display our accomplishments (think trophies and badges). Companies like FourSquare and Shopkick have taken this to the next level by posting leader boards and reminding you where you stand among your friends. Even if you are just starting out, create small ways for your customers to “play” and compete with each other for special gifts and incentives.
Create a progress tracker. This works really well on websites, but could also be applied to tangible incentives, like punch cards. For example, when customers place an order on your website, incorporate a progress bar that displays how close they are to completing the process. They could even get an extra reward for completing a brief survey upon placing the order. You could also create a punch/stamp card or other reward system, similar to the one used by Subway, where your card gets stamped with the purchase of each sub up until the 10^th one that you get for free. Something so simple rewards loyal customers and motivates new customers to continually come back.
Bring some fun to professional development sessions/team meetings. Fun is a highly effective motivator, so incorporate it into the contact you have with your downline or other staff. Create a theme for the meeting and select an appropriate, upbeat song to play as people arrive. (A meeting about personalized customer service could kick off with “Any Way You Want It” by Journey.) Have people pair up to solve a quick riddle or conduct a brief interview with each other. When you make such events fun for your team, they will look forward to coming, and in turn will enjoy the work part of it even more. A happy team makes a motivated team.

It’s no secret that success in small business takes a lot of “blood, sweat, and tears” so to speak. However, making your business fun for yourself, your customers, and your team will increase your ability to maintain success in the long term.

How do you use fun to increase business? Please share your ideas in the comments section below!

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DSEF & CBBB: Happiness is…

Happiness is…..

By Carol Odell

Have you ever considered that mind-wandering can affect your happiness? And your productivity?

Matthew Killingsworth discusses his findings from his research study in the article, The Future of Happiness Research in the January-February 2012 Harvard Business Review.

Killingsworth says that our mind wanders nearly half the time and that lowers our mood. We have always heard that we need to feed ourselves positive thoughts. Now, we know why. Right? If we don’t make an effort to be positive we tend to think negative or neutral thoughts, and down goes our mood.

I was floored when I read what Killingsworth says about how much our minds wander. It’s 60% while commuting, 30% when talking to someone and about 50% of our work day! Obviously, we don’t stay focused as much as we think or want.

As managers, employees, spouses, parents, and/or friends, staying focused is important and we need to improve. Killingsworth suggests that when we get up in the morning we should ask ourselves, “What am I going to do with my mind today?”

Reflective listening helps me stay focused when someone is talking. In other words, I rephrase what the person has said, and say it back to him. When I am working or reading, I repeat thoughts out loud or read out loud to stop my mind from wandering.

What do you do? We all need tips to keep focused and happy.

Killingsworth also talks about happiness on the job being more about our moment-to-moment experiences rather than a high salary or a prestigious title. Once again, we are hearing it’s the small things that count.

What are the small things that make a difference in your day or happiness? Pass your thoughts along and you could help make a difference in our happiness, too.

DSEF and Council on Better Business Bureaus (CBBB) fosters honest and responsive relationships between businesses and consumers—instilling consumer confidence and advancing a trustworthy marketplace for all.

About the Better Business Bureaus
As the leader in advancing marketplace trust, Better Business Bureau is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Every year, more than 87 million consumers rely on BBB Business Reviews® and BBB Wise Giving Reports® to help them find trustworthy businesses and charities across North America. Visitwww.bbb.org/us for more information.

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Opportunities that Increase Business

When you are your own boss, your work day may end at certain time, but your business is always a part of your life. As direct sellers and/or small business owners, we should constantly be looking for opportunities that can increase business. These chances present themselves more often than you might think. Here are some ways to take advantage of such openings that could prove extremely beneficial.

Personalizing – If you’ve ever been to a salon where you see the same hair stylist regularly, you might notice that he or she strikes up conversations by asking you questions about your personal life. “How are your twin daughters? Isn’t their birthday coming up?” or “You recently moved across town right? How do you like the neighborhood?” may be some of the ways the stylist makes you feel comfortable, important, and relaxed during your hair cut. Most savvy stylists and other industry experts will tell you that the key to personalizing their service is very simple and even old-fashioned: write things down! When engaging a customer in conversation, write down any memorable facts that were shared with you, such as marital status, children, occupation, etc. Then, right before you meet with that customer again, quickly review your notes so you can bring up these details. Everyone appreciates a personal touch, and they will share this feeling with others when recommending your business to their friends and family.
Partnering – Navigating the world of small business ownership can seem a lot like being thrown into the jungle to fend for yourself; and just like in the jungle, there is strength in numbers. Use this to your advantage and find other small businesses with whom to join forces. Teaming up with businesses that provide products or services that complement your own can have mutually beneficial results. For example, the owner of a bed & breakfast could partner with a local bakery. The baker could provide muffins, rolls, bagels, donuts, and other breakfast pastries that could be served with the guests’ breakfast. In exchange, the owner could distribute the bakery’s business cards and cross promote certain products or services when a guest patronizes both establishments. Each business is getting referrals from a different market, and incentives will keep customers coming back.
Fundraising – Getting involved with your community is a great way to network and introduce yourself to your customer base. Contact your local chamber of commerce, places of worship, schools, etc. to find out how you can become involved in fundraising efforts and promote your business at the same time. Many organizations hold Tricky Trays, raffles, flea markets, car washes, bake sales, and other small and large scale events. Consider donating a gift basket to a tricky tray, setting up a table at a flea market, or volunteering at a car wash or bake sale. These are wonderful opportunities to give back to the community, build business relationships, and increase your business.
Celebrating – This is the time of year when many businesses are promoting Teacher Appreciation Day by providing special discounts or incentives to their customers who are teachers. Take this idea to the next level by choosing one or two groups a month to celebrate, such as nurses, administrative workers, and military personnel. This will not only bring in more customers, but it will also facilitate building important business relationships with your clientele.

If you gradually and systematically utilize these networking avenues you will efficiently expand the opportunities for your growing business. You should always be on the lookout for opportunities that can increase your business. Never be afraid to talk to others about what you do; you never know what awaits! What opportunities can you add to our list? Please share your ideas below!

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Effective Online Engagement For Small Business

Effective Online Engagement For Small Business

How do I get people to interact with me online?

How do I build an online community?

Like most things in the beginning, you have to get traction and then build momentum. Consider pushing a big piece of furniture across the room. It requires more effort at first, but once you gain momentum it becomes easier. It’s the same online. Once you’ve get traction you can build on that momentum to accomplish your goal of reaching your target market in your online community.

Here are several effective ways to gain traction and build your online community for business.

To start, invite business-related people you know in person to your online community and use your online presence as a way to keep in touch and nurture your relationships.
Do what you would do if you were meeting someone in person:

Say hello
Ask simple questions
Share your interests
Share current events
Listen and be responsive
Let it be about them

Invite people to share:

Their business
Their interests
Their passions

Give people a call to action:

Join me
Sign up for specials or a newsletter
Like me
Comment and please share your thoughts

Keep your updates/post/comments:

Positive
Interesting and appealing – use photos, videos, etc.
Relevant
Short and concise

If you start by promoting your business or advertising you will not be able to establish engagement or build an online community. You must be engaging and earn the interest of the people you want to reach.

A successful online presence is more than just pretty tabs. Engaging updates are what determine your online success. So focus on writing post that are interesting and engaging, and you’re a lot more likely to see engagement and establish an online community that speaks to your target market. And once you gain traction, it will be easier to capitalize on that momentum and build a thriving community.

What advice would you give about establishing an online community? Please share in the comments!

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DSEF & CBBB: TaxMasters File for Bankruptcy: What You Should Know

Today’s highlighted blog post from the Council on Better Business Bureaus (CBBB):

TaxMasters File for Bankruptcy: What You Should Know

By Greg Hudson

TaxMasters, the Texas-based company that claimed to provide services to settle taxpayers’ debts for less and recover property seized by the IRS, has filed for bankruptcy, according to CBS News.

The firm, whose commercials you’ve probably seen, is also being sued by the State of Texas for violating the Texas Deceptive Trade Practices Act. Texas alleges that its TV commercials encourage people to call for a free consultation with a tax specialist but the calls are answered by salespeople unqualified to provide tax advice, CBS News reported. They also allege TaxMasters delays providing its services until it collects all of its fees, even if it causes the taxpayer to miss important IRS deadlines.

What to do if you have paid fees to TaxMasters:
If you used a check or a debit card, you’ll need to file a claim as a creditor and wait for the return of their money. You may only receive some of your money. If instead you paid the fees using a credit card, all you need to do is to contact your credit card company and dispute the credit card charge, stating that the services were never delivered as agreed.

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How to Follow Up Better

Think about how many faces you see and how many people you interact with in a typical day. It would be impossible to remember each one…unless, of course, that person followed up with you by phone call, email, or handwritten card and reminded you how you met as well as what you discussed. You would definitely remember that person then. Improving your follow-up can have a tremendous effect on your bottom line. Read below for some practical tips to making follow-ups a priority in your business.

Don’t underestimate the power of a handwritten note. We live in a world where technology is everywhere, almost all of our communication is completed via electronic means. Because of this, people really appreciate the thoughtfulness and time it takes to write a note by hand. Writing a thank you card or other kind of follow-up note doesn’t have to take an extremely long time; many services are available on the internet, such as SendOutCards.com. Just tweak them to fit your situation. Another advantage of the handwritten note: people tend to keep them longer and then act on them immediately when going through paperwork or paying bills.
Do make follow-up calls within 24 hours. This is the optimal window in which to make a call, especially one in which you are following up with a lead. You want to make contact while the original meeting is still fresh in your prospect’s mind. Furthermore, follow-up calls accomplish two important things: offering good customer service, and providing a call to action. When a prospect receives a call, it begins building that essential relationship upon which a good business is built. The follow-up call also gives the prospect information about what to do next. Sharing your business is great, but sharing alone will get you nowhere. Following up promptly with a phone call is a crucial part of increasing your sales.
Be persistent. Sometimes it takes more than one follow-up gesture to continue the relationship. Did you send a card a month ago and haven’t heard anything? Consider sending a quick email or Facebook message to check in or ask a question. Did your prospect say she’d call and never did? It’s okay to make that call yourself. Without being a nuisance, be persistent and consistent with your follow-up methods. Showing your customers that you are committed to building a mutually beneficial relationship can be as simple as reaching out to them on a regular basis.
Build it into your regular schedule. Following up with prospects and customers can be a daunting task, not to mention ineffective, if it’s only something you do once in a while. Put it into your regular work schedule, such as daily or weekly. Once you commit to following up regularly, it will become habitual, and you can begin reaping the benefits of building better business relationships.
Connect socially. Try to connect beyond doing business. Many of your clients are your neighbors. You may have similar interests or have mutual friends. A lot of times in business it’s who you know that gets the sale. Reaching out and developing friendships is the ultimate way to follow up better.

Small businesses and direct sellers have the unique opportunity to interact with their contacts on a more personal level. Getting there begins with the follow-up. How do you follow up better? Please share your ideas with us in the comments section below!

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DSEF & CBBB: Decode Fake Customers’ Reviews Online

Today’s highlighted blog post from the Council on Better Business Bureaus (CBBB):

Decode Fake Customers’ Reviews Online

By Caitlin Vancas

Consumers researching businesses, products and services may find more than just reliable reviews on the web. Recent research by Cornell University indicates that some feedback is actually planted. Prior to purchasing, don’t be persuaded by phony praise. When searching for real reviews, testimonials and posts, consider the following:

Who?

Ideally, reviews will come from actual customers. However, some companies hire writers to place positive reviews on themselves; while others employ staff to post negative, damaging comments on competitors. Search reviewers’ names online. See what other companies they are writing about. If it is limited to one industry only, it is possible that responses are rigged. Be suspicious if customers’ names resemble company officials or brands. In some cases, authors can be verifiably tied to companies they are complimenting. The FTC’s Endorsement and Testimonial Guide requires transparency and disclosure. Be doubtful of overly complex or simple screen names, such as “johnsmith123.”

What?

Take a good look at wording and tone. If it is filled with marketing messages, scripted taglines or product plugs, it is most likely from company representatives. Don’t trust overly subjective compliments and puffery, such as “life-changing” and beware of false allegations, insults and disparaging attacks from competitors. Look out for identical phrases or similar verbiage from different users. Cut and paste suspicious sentences into search engines to see what is on other sites.

When?

If similar messages and posts were placed around the same month, week or day, allegedly by different reviewers, it is likely a “paid” effort.

Where?

Beware if all comments are limited to companies’ blogs or testimonial pages. Don’t just read reviews from one site. Consider numerous sources and always check BBB Business Reviews on www.bbb.org.

Why?

Business leaders know that consumers rely on online reviews so it may be tempting to mimic favorable feedback. Read “customer” comments with skepticism.