Blog

Target Marketing For Small Business

With so many different marketing methods being used in business these days, it can be overwhelming to decide which is right for you. One should consider the use of target marketing, which is dividing your market into specific groups and concentrating on just one or a few important components. For example, a pet grooming business specializing in grooming show dogs could implement a direct mail campaign (snail or electronic) that reaches only particular dog owners rather than advertising in a newspaper that would reach a much larger market. The first step is to define your target market; then you can develop strategies to advertise your business directly to them.

Defining your target market, or “niche”

Decide why a person would make a purchase from you. People usually buy something for at least one of three reasons: to solve a problem, to meet a basic need, or to make themselves feel good. Sorting your target market into one of these categories will help you narrow your focus to a smaller group.
Consider the demographics of those who could use your product or service. This information includes age, gender, income, education, marital and family status, and ethnic and/or religious background. You’ll be able to invest your marketing dollars more wisely if the information you gather about your target customer is specific.
Consider the psychographics including lifestyle, social class, activities, and attitudes/beliefs. This additional information should allow you to form a picture of what the ideal prospect would be like. From there, you can figure out where they would be exposed to different types of advertising.
When creating a target market, or micro-niche, you should make sure that it is small enough that you can be a competitive force, but not so small that there isn’t enough money to be made. For example, Amazon has pretty much cornered the market on the online sale of books, DVDs, and digital media, so trying to compete with them would be futile. Similarly, construction of birdcage perches exclusively out of recycled material is too specific and would appeal to such a small number of people.

Examples of target marketing

A direct seller for a higher-end jewelry company knows that her customers are mostly women in their 30s-40s who like a well-polished look that includes a versatile wardrobe, a contemporary hairstyle, and manicured nails. Advertising to this target market can be done via fashion blogs, hair and nail salons, and local clothing boutiques.
A small business that offers in-home photography sessions knows that its target market is parents of newborns wanting professional pictures without the hassle of going to a studio. This demographic can be reached via parenting magazines and websites.
A pastry shop that specializes in custom-made freshly-baked desserts knows that its target market is mostly made up of local business owners and private party planners. Reaching this group can be done via vendor fairs and event hosting expos.

The key to target marketing is deciding who that small group is and then finding the best approach to reaching them. Don’t be afraid to ask questions of your current and past clients to get to the information you need. You will save money budgeted for marketing as well as being able to build your business based on those who have the greatest interest in your product or service. How have you defined and reached your target market? Share your ideas in the comments section below!

Blog

Selling You

There is a significant difference between buying something and being “sold.” Your customers want to have confidence in not just the product or service, but the person representing it. For this reason, it is important to sell yourself effectively and open doors for new opportunities.

Be Yourself. As obvious as this may seem, it’s a pitfall of many people in the sales industry. Don’t try to do and say what you think the customer wants to see and hear; people are turned off by lack of sincerity. Identify your strengths and highlight them in your customer interactions. This will also make a relationship you build easier to maintain.
Make a great impression. The average consumer is bombarded by advertisements in their various forms all day long. What can you bring to the table that will impress your customers? Plan ahead what your objective is for that specific situation. This way you won’t have to rely on a generic sales pitch that may not relate to the circumstance or may not have any relevance for the person to whom you are selling.
Demonstrate good character. “Our character is what we do when we think no one is looking.” With this quotation in mind, conduct your business with integrity. If you promise something to a customer, make sure you can deliver. This also applies to the way you interact with customers; express a positive demeanor, practice good manners and common courtesies, and follow through on your end of the relationship.
Listen. Just as most people don’t want to be “sold,” they also don’t want to be talked at. Effective communication involves a great deal of give and take. You may have the perfect dialogue planned, but the conversation takes an unexpected turn. Listen to the customer’s concerns, questions, and information to be able to respond appropriately. It will be clear to the person that you are truly listening, which is will be greatly appreciated.
Dress and speak appropriately. This may vary greatly depending on your industry, but your personal appearance and conversational skills speak volumes to others about how you conduct business and the kind of person you are. Make sure that these things are positive reflections of yourself that will contribute to and benefit your business.
Educate and provide solutions. Customers may not even realize they have a need for your product or service, so demonstrate your expertise by educating them not just about your specific product, but about products like it in general. From there, you will able to highlight why your product would best suit the customers’ needs. Additionally, you should be able to accurately answer any questions the customer has about your product, your business, or you. By focusing on the customer, you are essentially selling yourself as a person who can enrich his or her life in some way.

Selling yourself is about showing who you truly are and conducting yourself with a good balance of confidence and humility. What tips do you have for “selling you”? Please share them with us below!

Blog

Tips for Building and Leading a Team

Have you ever listened to a vocal ensemble sing a piece of music? Usually, there are several different parts being sung such as bass, tenor, alto, and soprano. Each of these parts don’t sound quite right when isolated, but put together, they contribute something that is greater than any one part. The same can be said about teamwork in direct sales and small business. No one is ever a success or failure without the help of others; so building an effective team is important to the growth of your business. Here are some things to keep in mind for both building a team and leading it well.

Building

Identify your ideal team. Decide what characteristics are important for your potential team members to possess. With this as your focus, you will be better able to find like-minded people who will be compatible with you and each other.
Find quality people. You don’t want to hire just anyone to join your business, so put in place some measure to recruit smart and talented people. For example, create an entrance interview where potential employees write down how they work best, what they consider a good reward, and how they are effectively motivated. This creates an understanding among team members and you of how to best work together toward a common goal.
Provide training. Was Babe Ruth a record-setting hitter the first time he picked up a baseball bat? Even the most talented person doesn’t walk in on the first day knowing how to do everything right. Provide some initial training when someone is hired, and continue to offer professional development and mentor opportunities throughout your team’s time with you.
Implement a recruiting system. Recruiting can be done through traditional advertisements, the use of social media, word of mouth, etc. Find a system that works best for your business, and be open to recruits about what your business goals are.

Leading

Delegate. It may be difficult to give up some control, but empowering your employees by delegating important responsibilities demonstrates your trust in their decisions and creates a positive culture of teamwork.
Have an open-door policy. Your team should not hesitate to come to you for guidance, questions, and feedback. Making yourself as accessible as possible will prevent many employees from making mistakes.
Challenge your team. Encourage them to think outside the box, even if it’s a bit more than you think they can handle. Part of being a good leader is helping people recognize and utilize their own talent.
Acknowledge their talents. Although you want to create a culture of teamwork, it is also important to give credit to individuals when warranted. Doing so will keep them motivated to continue doing good work.

Remember the famous saying, “The whole is greater than the sum of its parts.” Building and leading a great team requires careful planning and continuous learning. Surround yourself with intelligent people who are willing to work hard, and the sky’s the limit.

How have you created a better team? Share your tips in the comments below!

Free e-book “Business Owner’s Road Map to Success.” It has over 50 pages of techniques for everything a small business owner needs to master, from business planning and ethical selling to a success mindset. It’s all there and it’s free for you. To get it, just “Like” our Facebook Page here: http://on.fb.me/KsIN6P Pass it on!

Blog

Tips for Better Small Business Videos

Think about your favorite television show. What exactly do you like about it? Chances are, there is some connection made between you and a character, theme, or story; this connection is what makes you keep watching. The same holds true for online videos, which is why you should be creating them for your small business. You don’t have to be a professional videographer to shoot an effective video, but there are some tips to follow to make the most out of yours.

Keep it brief. The most effective videos are under two minutes in length. Even if there is something in your video will draw the viewer in to watch for a longer period of time, the second a person sees that time length bar at the bottom of the screen, he or she is likely to click away for the simple reason that it is too long. When scouring the internet for information, people want to find that info easily and quickly. Choose only the important points to highlight your message. Tip: Be sure to include a call to action somewhere toward the end of your video which directs the viewer to visit your store or click the link to your website, for example. This keeps your video in the viewer’s mind before he or she moves on to the next one.
Get personal. Stock footage of products or locations and frames of still photos are generic. Viewers will make the same assumption about your business. Instead, record a video that features your real staff, location, and products. Consider featuring an introductory greeting from you, the owner, and if applicable, candid footage of your staff on the job. Also, don’t be afraid to use humor; keep it professional, but you definitely want to give your video some personality.
Choose a theme. Your video should have a point. Are you introducing your business to the world? Are you featuring an innovative product? Answering frequently asked questions? Whatever you choose to do, make sure everything in the video is centered on the theme so as not to lose focus or make your viewers click away. A great way to plan your video is to write a script before shooting any actual footage. This will give you a clear plan of action and allow you to see if anything is off-topic before you even begin.
Feature tutorials and product demonstrations. Which is easier: reading about how to cut up a pineapple or watching someone actually do it? Nowadays, when people want to learn how to do something, they find a video online that physically shows them what they want to learn. Most people are visual learners and prefer this type of medium anyway. Furthermore, you are giving the potential customer a glimpse into the user experience, which is extremely important. People want to know exactly how something works before they buy. Take advantage of this by using tutorials and demos that work for your business.
Use music. In doing so, you will be able to set the mood for your video and evoke a feeling from the viewer. Also, music is a perfect way to fill in any gaps of silence between narrations and transitions. There is a plethora of open content on the web as well as music that is public domain, so copyright infringement will not be an issue.
Share your video socially. Your video does no good if it is not being shared. Posting it on YouTube is the best place to start. Make sure you choose a title for your video that will optimize your search results. Tip: Search keywords for your video in the YouTube search box to see what comes up. If it’s something you’d rather not be associated with, then you’ll be able to choose more wisely. Having effective keywords is more important than ever, especially with people’s increasing reliance on Google Instant, which shows results as you type in your query. With more and more people using smartphones to search for and view content, Google Instant has become another must-have convenience for most.
Preview your video before posting it. Check to make sure that there are no items in the background that may offend, look messy, and that you don’t want others to see. Finally, make sure your video quality is good and reflects well on your business.

By following the suggestions above, your video will already be a cut above most of what is out there right now. What other tips can you offer for creating an effective video? Please share them with us below!

Blog

How to Build a Unique Business

What is the first thing that comes to mind when you see a red bullseye? If you’re like most people, your answer is Target. What is it about Starbucks that makes it different from other coffee establishments? Perhaps it’s the taste of the coffee itself, the blended language of their drink sizes, or maybe even the first place to bring the culture of Italian espresso bars to the U.S. These are exceptional examples of a million dollar idea, but they are also standards that we can look up to. Sometimes it seems as if everything has been done before. Even so, your business can be a unique endeavor if you can apply and incorporate your own individuality.

Focus on your personal strengths. Even if your business is very similar to others, there is only one you. Do some serious personal reflection to pinpoint what makes you different. What can you bring to the table that no one else can? For instance, you may be one of many direct sellers in your area working for the same type of company. However, use your strengths to make yourself stand out from the rest. A consultant with a background in theatre might do very well using his/her knowledge and expertise to create an entertaining and polished sales presentation unlike any that customers have seen before. Your business is a reflection of who you are, so take advantage of that, and give it your personal flair.
Choose a micro-niche. Instead of casting a wide net and trying to cater to a large market, narrow down your business and your target market. The more narrow and specific you make it, the more recognized in your field you will become. For example, a hair salon might focus on children’s hairdressing. A micro-niche would be a salon that specializes in children’s hairstyles for the pageant circuit. Now, a very specific target market can be reached, and the business can become a well-known one among those in that circle.
Make customer service a top priority. Considering experiences you have had with other small businesses, what were their strong points? Where were they lacking? Use this knowledge to perfect your own customer relations. Is there something you can offer that goes above and beyond what your competitors are doing? Think about learning your customers’ names, something personal about them, and what they could get of your business that would somehow make their lives easier or more pleasant. Modern technology has stolen much of our culture’s person-to-person interaction, so the better your customer service is, the more memorable you will be.
Use unusual interests to your advantage. Whether you are starting a brand new business or looking to make an existing one more innovative, take a close look at your own interests. Is there something unique or unusual about them? For example, a forward-thinking individual named Jason Sadler developed an idea for wearing t-shirts to advertise companies wanting viral exposure. His website has become its own community of people viewing and sharing his team’s content.

The key to building a unique business is identifying your own personal distinction. What other ways do you bring originality to your business? Share with us in the comments section below!

Blog

Socialize to Increase Business

Socializing is the art of meeting and engaging people. Mastering socialization skills will not only help you in developing better relationships, but will also increase your business. Incorporating these characteristics into your everyday interactions will help you find and reach your target market.

Sincerity – Most people can see through a fake smile or greeting and are therefore turned off by it. Be genuine in your interactions. Your customers will know that you truly do care about satisfying their needs and giving them a positive experience.
Confidence – Project confidence not only in yourself, but also in the product/service you are offering and the manner in which you conduct your business. It reassures your customers that you are knowledgeable about your field and qualified to meet their needs.
Inquisitiveness – Getting people talking is all about asking the right questions. It is of utmost importance that your customers feel that you have a sincere desire to learn more about them, but they won’t divulge anything without being asked. Decide what you really should know about a customer to meet his or her needs and strike up conversations with people that relates to those topics. Tip: Create a “script” to get you started that includes a few pre-planned questions, topics, or anecdotes to break the ice or fill a pause in a conversation.
Listening – There is a great difference between hearing what is being said and listening to it. Listening requires you to process information; a person can easily tell if you are listening to him or her. Show that you are listening by responding when prompted, making eye contact, and reading the body language of those to whom you are speaking. Tip: Listening skills role-play makes a great activity for professional development. Plan a few topics ahead of time, and take turns speaking about and listening to them for five minutes at a time.
Positive – People are turned off by negative people. Make sure your conversations stay positive. Even if the conversation turns critical, always maintain a positive view. The impression you will leave after the conversation is an optimistic and can do person. And that’s the kind of person people want to do business with.
Promote others – Make sure most of your conversations are about others. This shows people that not only are you caring, but also gives you an opportunity to highlight your ethics and values. Customers are loyal to businesses that they like and trust.

Places to socialize with your target market:

Community events and hot spots (local fundraisers, playgroups, sports games, farmers markets, dog parks)
Informal and formal parties (summer barbeques, beach outings, holiday cookie bakes, New Year’s celebrations)
Online through blogging, social media sites (Facebook, Twitter, LinkedIn, etc.), your business website
Self-sponsored open house or grand opening event

However you choose to do so, socializing with your target market requires you to know exactly who they are. Once you have identified them, put yourself in situations that allow for meaningful social interactions. You will not only promote your business, but also learn more about how to satisfy your customers’ needs in the process.

How do you interact socially with your prospects? Would love to read your thoughts in the comments below.

Blog

Event Ideas for Your Business

Events can be a powerful marketing tool. They provide something new, timely, and interesting you’re your customers and prospects to talk about. By building some excitement around your event, you build excitement about your business. Because of this, it is important for your small business to plan events that help with both marketing and customer service. The following are some ideas to do so both in the real world and online.

Monthly clinics or seminars about a product or service you offer – These can give you a chance to highlight chosen products/services, bring in new clientele, and network with others in your community. If done successfully, these types of regular events will also create buzz about your business and expose it to potential customers.

Host an after-hours gathering for your employees and friends/families. If you have a brick and mortar location, after-hours events can be effective marketing tools, but even if you are home-based, you can tweak this idea to work for your business. Provide refreshments, music, and put together some special displays on which to focus the event. Be sure to provide business cards, brochures, a free sample or giveaway, and other promotional materials to your guests.

Host an Open House for your community. Consider holding an open house with city officials (mayor, congressmen/women) and local press in attendance. Center the event around a theme or cause that is of interest to your community.

Sponsor a holiday window design contest for art students at a local school. Involving the young people in a community is a surefire way to spread word about your business. You can even modify this idea to include technology students competing to design your next online ad or website graphic. The announcement and celebration of the winner could be incorporated into the unveiling of the finished product.

Host an open-mike night for local business owners. Most comedy clubs reserve their slowest nights of the week for amateur open-mike nights. You can use this idea by hosting a forum for other local small business owners to exchange ideas for marketing and customer service. Each participant could take a turn at the mike to offer input and take questions from the audience.

Do a Twitter Q&A about your industry or products. This obviously requires you to have a moderate following on Twitter, but with the right promotion among your customers and preparation by you, it can be done fairly easily. You can even offer a reward or incentive at the end for participants that can be tweeted about intermittently throughout the session.

Host an online suggestion box via video chat headed by a panel of related industry experts. Choose like-minded people in your field and/or fellow small business owners in your community with which you have no competition for your video chat using a program like Skype or iVideo. Invite customers to “call in” with suggestions for what they think would improve their own shopping experience.

What events you have sponsored or attended which you have found to be informational and fun? Tell us about them in the comments section below!

Blog

Improving Your Customer Engagement

In this era of big box store dominance, it is more important than ever to help your customers feel that doing business with you is a worthwhile experience. Improving your customer engagement builds customer loyalty, which in turn can help grow your business. There are several ways to develop relationships with your clients so that your engagement with them results in a positive perception of you and your business.

Make yourself personally available to your customers. As a small business owner or direct seller, you have an edge over big corporations in that you are able to personally interact with your customers. Be sure to provide your customers with every possible way to reach you. Use it to your advantage by taking some time out to contact them once or twice a month. Make a phone call, send out an email to 15-20 customers a month, connect over Facebook, or make time to have coffee with a few of them. Discover their passions, connect and start the conversation with topics important to them. Then, ask how satisfied they are with a recent purchase, ask if they need further assistance, and find out if there is some other way you can be of service to them. Your customers will appreciate and remember the individualized attention, and won’t hesitate to mention you to their friends.

Use social media wisely. If the thought of maintaining a Facebook page, a Twitter profile, a website, and a blog are overwhelming to you, then don’t try to do everything at once. Start with Facebook. Be a positive and supportive voice online. Post fun, useful tips and be their cheerleader online. Treat them like a friend, and they’ll remember how you made them feel.

Ask and listen for feedback regularly. Most people find it difficult to hear others point out what they’re doing wrong. However, it is essential to seek out constructive criticism in business because not only will you be able to improve, but you also show your customers that you care about their satisfaction. Eliciting feedback can be done in a variety of ways, including email and phone surveys, face-to-face conversation, and links placed on websites and blogs. Be creative in your search for feedback; you can use reward and referrals systems, contests/giveaways, or even feedback parties. Whatever you decide, make sure your customers know they are being heard by taking their suggestions to heart and thanking them for their input.

Invite your customers to participate in your business. Many small businesses are encouraging participation by using “customer models” in ways that promote a product or service. For example, a company that sells clothing or jewelry could ask customers to Twitpic a photo of themselves wearing a product, which would then be displayed in a special section of the company’s website. By doing so, you are incorporating your business into your customers’ lives and making yourself more memorable than your competitors. And to top it all off, you’re interacting with customers and promoting a product all at the same time.

Promote your values and build trust. Regularly talk about what’s important to you and the high standards you bring to your business. Put your high standards on your marketing materials and in your business practices. Your customers will begin to depend on your services/products and trust you as a person.

Customer engagement is all about having a genuine concern for your customers’ satisfaction. With that idea as your guide, any or all of the above ideas can be tailored for your specific needs and allow you to improve your relationships with clients.

How have you engaged with your customers? Share your ideas with us in the comments below!

Blog

Return On Investment (ROI): Evaluating Your Progress

What does ROI stand for? It means Return On Investment; the effort and time you put into something and the measurable return for your hard work.

Have you ever tried to shoot a basketball into a net? For most of us, the first shot is almost always a miss. But from that first shot we make many small and large adjustments. Things like aim more to the right, use more force, create more arc, push with your legs and eliminate distractions.

Imagine going through this kind of process for your business. What kind of success can you achieve based on accurate evaluation and ongoing improvement? Here are some ways to help you evaluate your progress and point you towards building a successful business.

Establish a goal. Give it a time frame and completion date.
Separate your goal into smaller tasks and give each task a completion time. However, be prepared that you may need to adjust your completion date depending on the circumstances.
Decide on what you want to measure. Here are some more common areas that you may want to measure depending on your goal:

Number of prospects
Number of customers
Time needed for each process related to your business (where can you improve/streamline?)
Retail value of sales
Amount of expenses in relation to income produced
Changes in seasonal cycle
Impact of training on performance
Engagement
Performance level of team members
Online marketing results

4. Once you have this data, look for improvements, trends, patterns, negatives, positives and how you are measuring up to your goal.
5. Decide on how often you need to evaluate your progress.
6. Create a report and make some conclusions on how to improve.

It’s important for any business, whether home-based, small or large, to evaluate their process of doing business. This process will give you insights to quickly improve, adjust, minimize risks and help you plan for the future.

How do you evaluate your ROI? Share with us in the comments section below!

Blog

Helping Customers Find You

Think about the last time you wanted to make a purchase that required some research, whether it was a new car, a new TV, some furniture, or a bike for your child. What was the very first thing you did? If you’re like most people, your answer can be summed up in one word: Google. When consumers are in the early stages of buying something, they are likely to turn to Google. So how can you use this to your advantage? Read on for some ways to make yourself more visible online and offline.

Online commenting is a very effective way to drive traffic to your website. Write brief but meaningful comments on sites that are relevant to your business. You can also write reviews of books about your industry on sites like Amazon or Google Books. Participating in this type of online discourse will allow you to network with other likeminded people in your field, and eventually make your name more recognizable on the web. Furthermore, frequent commenting on well-chosen sites can increase the likelihood that people will find you on search engines like Google.

YouTube and podcasts are also available resources for you to use in your search for new customers. Do not dismiss YouTube as solely a website for young people watching viral videos. Many businesses are now using YouTube channels to post all kinds of videos such as tutorials, product demonstrations, and mini-advertisements. Include the link to your website so viewers know where to go for more information. The same goes for podcasts; for people on the go, they are a necessity. Consider using this medium to communicate with not only prospects, but current customers as well.

Smartphone apps are a must for any brick and mortar business. By registering for popular apps like FourSquare, Google Places, Yell, and GoWalla, you can take advantage of the ever increasing use of smartphones by current and potential customers. Most of these apps are available for iPhones as well as Android and Blackberry phones. People use these apps not only to find the location of a business, but also to link to the business website and read reviews by other users.

Here are some more ways –
- Signage on cars
- Fun signage/banner/T-shirts for your clients to display
- Testimonials
- Online/printed Reviews
- Follow up cards, emails and phone calls
- Seasonal promotions for your community
- Sponsor charities and causes in your community
- Weekly workshops and/or presentations in community hubs
- Partnering with other businesses
- Referral exchange – where you refer business to them and they refer business to you.
- Sporting/community event meet and greet
- Offer online/offline contest and give-a-ways
- Joining or starting organizations and clubs

Many of the methods listed above are low-cost ways to help customers find you. Make the most out of your online presence, but don’t forget to also make it easy for your local community to find you offline as well.

How else can you increase your visibility to gain new customers? Share your ideas below!