All posts tagged small business

Four No-Cost Ways to Increase Sales

Four No-Cost Ways to Increase Sales

MP910221039[1]Increasing your sales doesn’t always have to mean spending money. Sometimes all you have to do is take a look at what is already working for you, and find ways to build on those successful elements. Here are some ways to increase your sales without spending.

1. Identify top customers and offer them more. You likely have a handful or more of customers who are loyal and spend more on a regular basis than others. Identify who these people are, and offer them more than they already get. For example, start a VIP program where top customers receive special promotions, incentives, or exclusive access to new products and services. When your top customers know how much they are appreciated, they will not only embrace that “VIP” role by patronizing your business more often, but they will want to share their positive experience with their families and friends. Remember that superior customer service can have far-reaching effects on your overall business.

 

2. Customize your sales pitch for each client.  Each client is an individual and should be treated as such. Don’t go with a generic sales pitch that every single client hears. Do some research about each person, and incorporate something personal about him or her into your pitch. When pitching your massage services to a prospective client who is a stay-at-home mom looking for an hour a week of relaxation sans children, mention that you also stayed home with your children for a few years and appreciate the hard work it entails. When pitching the same services to a young marathon runner, talk about your expertise in sports medicine and the benefits of massage on athletes. When you can relate to clients on a personal level, they will be assured that you have their best interests in mind.

 

3. Increase goals for referrals and sales will increase.  Bump up your goals for getting referrals. It doesn’t have to be a large jump, but setting the bar higher will motivate you to work harder and acquire more. Instead of shooting for 5 a week, increase your goal to 7 or 8. Make the time in your schedule to meet this new goal, and you’ll find your sales increasing steadily over time. Each time you find that you are meeting the goal on a consistent basis, consider raising it again. Your business should never run in a straight line, but should always be heading in an upward direction to maintain growth and success.

 

4. Interact personally with customers more frequently.  This may come easier in a retail business, but no matter what type of business you run, make the effort to interact with customers on a personal level as often as possible. Learn their names and one or two facts about them. People love going into a place where they feel like more than just a number. One customer of a local deli states that the moment she realized she would never take her business elsewhere was when the owner greeted her by name, asked how her daughters were, and offered her “the usual.” It’s a comforting feeling for a customer and will go a long way in acquiring loyalty and appreciation.

Find ways to improve upon what works for you, break out of your comfort zone, and always look to set the bar higher for yourself and your business.

How do you increase your sales? Please share your ideas below!

How To Negotiate Well

How To Negotiate Well

businessgrowThe art of negotiation takes a fair amount of practice and real-life experience to master. From haggling at a flea market to negotiating the price of a new car, each situation requires the same basic elements. Use our list below as a general guideline for your own business negotiations.

  • Be fair and expect a win-win solution. Without fairness on both sides of the table, any negotiation is doomed to fail. Each party must be willing to compromise something in order to gain something else. For example, when cutting a deal with a vendor, he may sacrifice his desired price in order to gain your exclusive loyalty. This becomes a win-win solution because he has acquired a long-term loyal customer, and you have procured an unbeatable cost for his services.
  • Know your bottom line. There must be a tangible point which, if reached, would end discussions. Know what this point is and be willing to walk away from the negotiation if you get there. Your bottom line may not always be a number, but rather a clause in a contract or a procurement of a certain service by vendors or employees. Decide well in advance what your bottom line actually is.
  • Do your research to know their bottom line. You may not be able to know for sure exactly what the other party’s bottom line is, but with adequate research, you may have a good idea. By anticipating what their point of no return is, you prevent the possibility of exhausting all other options before the other party leaves the negotiating table. For example, when negotiating the contract of a prospective employee, some research might tell you that at her current job, she is allowed one day a week to telecommute, and without that one day in any future position, she wouldn’t be willing to leave her current employer. Knowing this allows you to leave it on the table in all aspects of the negotiation to prevent her from walking away.

Depending on the situation, negotiating can be simple, complex, or anywhere in between. Remember to be fair, willing to compromise, and adequately prepared with information about the other party.

What tips can you share for improving your negotiating skills? Please share your ideas in the comments section below!

DSEF & BBB: Facebook Page Owners – Beware of New Phishing Scam

DSEF & BBB: Facebook Page Owners – Beware of New Phishing Scam

By Caitlin Vancas

blue_with_website-225x30022If you’re the owner or manager of a company or organization’s Facebook Page, you may be the target of a new phishing scam. Phishing emails are being sent by scammers alleging to be from “Facebook Security.”

This phishing scam attempts to trick Page owners into initiating a “Fan Page Verification Program.” Users are asked to share their Facebook Page’s URL, login credentials and create a 10-digit number as a “Transferring Code.” See a screenshot of this scam.

After providing the requested information, the scammer has been given the ability to post spam and malicious links to your Page followers. Why are Facebook Page owners being targeted? Pages usually have more followers than private users AND fans of the Page are more likely to click on posted links, trusting the source.

DSEF and the Council of Better Business Bureaus (CBBB) foster 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. Visit www.bbb.org/us for more information.

Six Ways To Get Motivated

Six Ways To Get Motivated

Six Ways To Get Motivated from the http://dsef.org

Do you ever feel burned out or run down? The pressures of operating your own business can really take its toll, both physically and mentally. For those times when you can’t seem to muster up the drive you need to continue, here is a list of exercises for your body and brain to help you get motivated.

1.    Be a cheerleader and friendly toward everyone. By building up and encouraging others, you are also doing the same for yourself. Pay attention to the reactions of other people as you cheer for them, give them pep talks, and praise their accomplishments. Knowing you have made someone feel genuinely valued will motivate you to take your own advice.

2.    Talk to yourself in a positive way. We all know the dangers of negative self-talk, so counteract the effects by engaging in positive self-talk on a regular basis. Start your day with a mantra you’ve created or a daily motivational quote. Whenever you encounter an obstacle, be your own cheerleader to help move past it. Use your mind as a strength; don’t let it work against you.

3.    Play your favorite music and start a dance party for one. Any exercise you prefer is good for your body. Dancing around to your favorite music can free your body from the constraints of everyday life. Try doing this even once or twice a week, and you’ll begin to use this exercise as a stress reducer and a way to unload any negativity that has accumulated. Dance away!

4.    Sing out loud to your favorite song. Whether you sing into the removable shower head or your steering wheel on the way to work, crank up that song and belt it out. Choose songs that fit your current mood or help get you in a better one. Engaging with music in this way has positive effects on your brain, so don’t be afraid to sing to your heart’s content.

5.    Get a partner and work together. Research has shown that working with a partner for such activities as physical fitness or academic studying is more effective than doing so alone. Working with a partner increases accountability and therefore maintains motivation. Choose someone you trust who has similar ambitions and interests.

6.    Make a list of what you are grateful for. The act of writing these down can help you get some perspective, especially when you are having a difficult time. It’s easy to get bogged down with the normal stresses of work and life, so create a list that you regularly review or add to when you need a pick-me-up. Think of what makes you happy: your children, your home, your pet, or even that delicious meal you just ate. Reminding yourself of what’s good in your life will renew your motivation to plow through more trying times.

Try any or all of these exercises to help you get and stay motivated.

What other exercises have worked for you? Please share your ideas below!

7 Ways to Get More Customers

7 Ways to Get More Customers

7 Ways to Find New Customers from http://dsef.orgThe lifeblood of your business is your customers. You must attract them, meet their needs and keep them happy in order to build a thriving business. But how do you start the cycle? How do you find new customers for your business? Here are some ideas:

  1. Family and Friends: The best place to start looking for customers is among the people you already know. You know what your products can do, so think about how they can meet the needs of your family and friends. Reach out to them, ask them about their needs and talk about how your products can meet those needs. And also ask your family and friends for referrals. Since they already know, love and trust you, they’re more likely to refer you and your business to others.
  2. Community Groups: A great way to get to know new people who may be potential customers is to join community groups. Whether it be a town improvement committee, a local commission, or a church choir, look within your community for opportunities to serve and get to know others. This is not only a very satisfying use of your time, but it also enables you to meet people who may be interested in becoming customers of your business.
  3. Online Interest Groups: Do you love cooking? Hiking? Swimming? Find online groups on Facebook, Google, and other websites dedicated to the topics you love, and become an active member. Get to know the people there, and start conversations. Over time, you’ll learn their needs as well, and may be able to privately offer your products in conversation.
  4. Vendor Events: A great way to meet a lot of new people in a day is by joining a vendor event. Set up a table at an event with a chance to sample your product line and learn more about what you have to offer. Give people a chance to enter a drawing to win a free product in order to build your mailing list. Keep notes on the people that seem most interested in what you have to offer during the event. After the event, it’s important to follow up with the people that have left their contact information, starting with the people that have shown the most interest, and offer a discount for shopping with you the first time.
  5. Community Service: There are many opportunities to serve your community and build your business at the same time. For example, a local ice cream store periodically hosts a blood drive, and offers a free ice cream cone to all who donate. This not only creates good will in the community, it also brings more people into the store and builds the customer base, which benefits the business. Think about the needs in your community, and sponsor drives to meet those needs.
  6. Facebook Advertising: Facebook Ads enable you to target specific demographics who may be most interested in what you have to offer, and they don’t have to cost a lot. Set up a specific landing tab on your Facebook Page where people can fill out a form to get more information about your business (thus building your mailing list…a tool like Pagemodo will enable you to do this) and direct your ads to the landing tab. Just be sure to keep it brief, and be sure that your landing tab has only one conversion objective. Have a series of ads, and change them up regularly. This can be a great way to find new people who may have an interest in your business.
  7. Sponsorship: A scrapbooking consultant annually sponsors her son’s Little League team. Her business is proudly displayed across the backs of each of the young players during games, parades and other Little League Events, in the Little League schedule when people check to see who they’re playing, and on the Little League website. For an entire season, her business gets visibility through her sponsorship. And she’s visible at those events, so people who are interested can purchase supplies and get more information about her business. Sponsoring teams, races, and other community events can be a great way to build visibility for your business along with goodwill, and help you find more customers for your business.

In order to find more customers, you have to get out there and be active in the community you serve. You’ll find that there are a constant stream of new people, the more involved that you get. Which one of these will you use today? What can you add to our list? We’d love to read your thoughts in the comments below.

6 People Skills You Need to Succeed

6 People Skills You Need to Succeed

Six People Skills You Need to Succeed from the http://dsef.orgThere are many people who are good at what they do, but there are always a few who are exceptionally successful. Often, these individuals are highly successful because they also possess excellent people skills. The good news is that we can learn these skills and make them work for us too. Here are six people skills that will help you succeed:

  1. Learn to be calm and to think clearly. Have you ever seen a mother helping her child who just fell off a bicycle? She is calm and collected. It seems like she has practiced this moment hundreds of times and knows exactly what to do. In life and in business people who can stay calm, think clearly, and act quickly are better able to evaluate the situation and react successfully.
  2. Acquire knowledge and build self-confidence.  Have you ever heard the saying “knowledge is power”? Obtaining knowledge and then using it builds confidence in yourself and in your peers. People want to be around someone who is confident and has a proven record of success.
  3. Develop communication skills and apply them. The key to being a great communicator is being a great listener. Take the time to really listen to people and think about what they have to say before responding. When you genuinely value people’s feelings and ideas, they will reciprocate and feel that they can trust you.
  4. Develop a never give up mentality. There are many stories of people who ultimately became successful simply because they never gave up. People like Thomas Edison, who gave it a thousand tries before developing a working light bulb. His comment on his failures was that he successfully found 999 ways that a light bulb would not work. You must develop the same attitude, even if do not really believe it in the beginning. Practice this attitude until it becomes a part of your own beliefs.
  5. Acquire a win – win attitude. We live in a very competitive society. There is almost always a winner and a loser. But this does not have to be. Especially, when it comes to business, you do not want your customers to feel that you sold them something they did not want. You want them to feel that they purchased a great product/service at a great value and that you helped them. Focus on converting every situations into a win – win for everyone involved and success will be the by-product.
  6. Develop great networking skills and a network of supporters. Find out where your target market is and get involved with their dreams, needs and concerns. Learn how to talk to people and make them feel comfortable. Build relationships based on mutual respect, caring and benefit. The larger your network is, the greater your influence and success.

Most successful people possess all or some of these skills. For some of them these skills came naturally, but for most of them it was learned. Develop and apply these skills to help you succeed in your endeavors. What do you think? Did we leave any people skills out? Please share your thoughts and experiences with us in the comment below.

Five Areas of Focus to Generate Sales

Five Areas of Focus to Generate Sales

MP900443105[1]There are many factors that go into the amount of sales you may generate in a given day, week, or month. Sometimes the difference between falling short of your goals and exceeding them is focusing your efforts in the right place. Here are five things to focus on that can help you generate sales:

Focus on:

  1. People. Remember that you are in the people business, so focusing on the individual can greatly increase your chances of closing the deal. Figure out the person’s need or problem to be solved, reasons for hesitation, knowledge of the product or service, etc. Furthermore, remember that these vary widely from person to person. Listen carefully. Get a feel for what makes the person comfortable, and demonstrate your genuine desire to help. Being able to read people quickly takes practice, but will take you a long way on your path to success.
  2. Results rather than effort. You may feel that because you have put in a certain number of hours or a certain amount of heart, that you are doing all the right things to generate sales. However, if your results are less than you’d hoped, all that effort may not be contributing to your success. If something isn’t working, look for different things you can try, and keep adjusting. Keep your results in mind to maintain motivation and continue moving forward.
  3. Creativity. Although you may have a lot of competition in your business, there is only one you. Tap into your individuality to spark some creativity. Don’t be afraid to take more risks because playing it safe all the time may prevent you from learning and growing. For example, the owner of a dancewear shop has an extensive dance and singing background, which she incorporates into her business from time to time. During her slower times of year, she promotes certain items and puts them on special. Any time a customer purchases one such item, he or she is treated to a 30-second serenade by the staff. This seemingly silly practice has gotten the shop lots of attention and even more foot traffic.
  4. Excellence and wowing your clients. A disgruntled client is usually one who won’t return. Make sure you put a great deal of focus on excellence and impressing your clients with your attention to their wants and needs as well as your ability to anticipate and extinguish any problems before they arise. Impressing your clients will keep them loyal and motivate them to recommend you to others.
  5. Asking for the sale. So many people forget this all-important part of selling. You may have a whole strategy in place for making a prospective customer say yes, but none of that will matter if you don’t come out and ask for what you want. If nothing else, posing this obvious question will allow the customer to explain why he or she is saying no. Since each “no” can help you find a yes, don’t pass up the opportunity to hear it. And as is often the case, the customer wants to say yes, but won’t initiate that part of the conversation himself. It’s up to you to get it.

Ultimately, your main focus point should be the prospective customer. Incorporating these points, combined with improving your people skills, can have a profound effect on the sales you generate.

What would you add to our list? Please share your ideas below!

Three Ideas to Improve Your Business Scripts

Three Ideas to Improve Your Business Scripts

Three Ideas to Improve Your Sales Scripts from http://dsef.org

It’s no secret that creating a script for a sales pitch or other type of meeting can be extremely helpful. A script can prevent you from forgetting to include important information, can make you feel more prepared, and can increase your confidence. All of these benefits increase your chances of achieving your desired outcomes.  Here are some ideas for making those scripts even better.

  1. Build in time to listen. Much of your presentation probably consists of you doing the talking and the audience doing the listening. However, there should be specific parts of your script where you engage the audience in a way that gets them thinking about something in particular. For example, you might pose a rhetorical question and give them time to silently come up with an answer for themselves. Encourage active listening as much as possible to maintain their attention.
  2.  Include a Q & A session.  A question and answer portion of your script is a wonderful opportunity for you to gauge how effective you have been in presenting your information. The types of questions asked will give you some insight into how the audience perceives your message. Furthermore, a Q & A allows you to clarify important talking points and add new information where appropriate. To maximize the effectiveness of the Q & A, ask the client to be more specific with a question or to explain what is meant by it. This helps others who may have the same type of question in mind.
  3. Allow time for your audience to process the information and provide feedback. Perhaps you can assign a small group activity where your audience breaks off into groups of 2-4 people to discuss a question you’ve posed to them. Doing so allows you to circulate, give each group some individualized attention, listen to feedback, and make suggestions and recommendations. For example, if you are training a batch of new employees on how to handle a difficult customer, consider assigning them a role-playing activity to act out and then discuss its outcome. As you circulate the room, observe each group, interject and guide them when necessary, answer questions as they arise, and offer positive reinforcement. All this increases the likelihood that your audience will get the most out of your message.

To maximize the effectiveness of your scripts, make sure they are well-rounded and allow the audience a variety of ways to engage.

What suggestions do you have for improving scripts? Please share your ideas below!

Five Ways to be Unforgettable

Five Ways to be Unforgettable

Five Ways to Unforgettable from http://dsef.orgThe most effective networkers and salespeople have certain qualities that make them unforgettable. Whether you are meeting a prospective customer or presenting a new marketing campaign to your staff, it is important that you leave a lasting impression. Your impression is as important as your content, so keep the following tips in mind when you want to leave a memorable impression.

1      Maintain a positive attitude. Your own attitude about what you are saying is the first thing that people will notice. Not only must you truly believe in your words, but you must display a positive attitude and enthusiasm as well. Demonstrate this with your bright smile and light-hearted tone of voice. Most importantly, let your personality shine through, and your positive attitude will be contagious.

2      Use logic in your presentation. Using facts and reason injects logic into your presentation, and if done effectively, can eliminate any doubt or hesitation. For instance, in a sales pitch to a prospective customer about high end cutlery, one experienced representative always asks the customer to show him the drawer full of cheaper, lower quality knives that are no doubt stashed in the kitchen. The salesperson then asks how often the customer must replace the utensils and how much it costs each time. After showing the prospect on paper the amount that has been spent on low quality products over the last ten years, he then presents the cost of his product to show that because it never needs replacing, the customer is actually saving money in the long run. Numbers don’t lie, so this is an effective way to use logic in a presentation.

3      Tap into emotions. Logic will take you far, but not all the way. Your prospect needs to feel something about your content in order to take immediate action. The cutlery salesperson can tap into a customer’s feeling of accomplishment after preparing a delicious meal for her family with ease. A team leader can tap into the staff’s excitement about beating out the competition with the new marketing strategy. Do your research ahead of time to find out the best way to appeal to people’s emotions.

4      Be concise. No matter how infused your presentation is with a positive attitude, logic, and emotional appeal, it will all mean nothing if you go on for too long. Say only what is necessary, and don’t lose focus by going off on tangents or straying from the topic at hand. Be respectful of others’ time and mindful of average attention spans.

5      End with a creative idea that has impact or something visually powerful. The ultimate part of your presentation must be memorable. Don’t waste the opportunity to pack one last punch by summing up what you’ve already said. End with a creative call to action or a stunning visual that will solidify your overall presentation. The cutlery representative, for example, strategically places his different product samples throughout the customer’s kitchen during the pitch, and ends with asking him or her to take a good look at this new and improved cooking space. Having given the customer’s kitchen a makeover of sorts has a lasting impact and provides a visual that is hard to refuse.

The keys to being unforgettable are to truly believe in what you are presenting and to infuse your own individuality into your pitch. What would you add to our list? Please share your ideas below!

Becoming a Money Wise Woman

Becoming a Money Wise Woman

We have only to examine a few statistics to understand why it’s important to become educated on financial issues and begin planning our futures now. Between raising children and taking care of parents, women are losing an average of 14.7 years from the workplace. A woman who is out of the work force for one year must work five years to recover lost income, pension coverage and promotional opportunities.  In spite of our best intentions, between the 43% divorce rate and the fact that women tend to live seven to ten years longer than men, the reality is that if we aren’t already, most of us are going to be the sole person responsible for our financial security at some points in our lives.

Marcia Brixey

Women are by nature, caretakers. We take care of our children, husbands, partners, grandchildren and parents. We take care of everyone, but ourselves. But, ladies we need to be proactive and make an investment in ourselves. The investment we make now will determine our quality of life both financially and personally in the years ahead.

I wrote this in my first Kitsap Sun article – Becoming a Money Wise Woman in January 2003. Although 10 years later the statistics are still much the same, Money Wise Women has provided thousands of women with the tools and education to live financially healthy. More than 6,600 women have attended 70 Money Wise Women Conferences in Washington, California, Idaho and Oregon since November 2002.

Several years ago Money Wise Women joined forces with the Direct Selling Education Foundation (DSEF) to educate and empower women on their financial and business goals through the Money Wise Women Teleseminar Series. The free teleseminars (thanks to DSEF’s sponsorship) cover a variety of topics relating to finance and business. Topics include investing, credit reports, credit card debt, goal setting, time management and much more.

Each monthly listeners have the opportunity to listen live to my interview with powerful women who are experts in their field. We tape the teleseminar allowing women to listen and learn at their leisure in the comfort of their own home. Upcoming Money Wise Women Teleseminars include:

  • Treating Your Business Like a Professional with Deb Bixler
    May 7, 2013
  • A Single Woman’s Guide to Retirement with Jan Cullinane
    June 11, 2013
  • Calling All Super Complainers with Michele Corey
    July 9, 2013
  • A Man is Not a Financial Plan with Candace Bahr and Ginita Wall
    August 13, 2013
  • Business in the You Economy with Tara Gentile
    October 8, 2013
  • Communicating with Many Generations with Jennifer Fong
    November 12, 2013

If you’re ready to get financially healthy and/or take your business to the next level visit Money Wise Women Teleseminar website – www.moneywisewomengetsmart.com to listen to past teleseminars and sign up for upcoming teleseminars.

“Whatever you think you can do or believe you can, begin it. Action has magic, grace and power in it.” Goethe

About Marcia Brixey 

During her 26 years working for the Social Security Administration Marcia Brixey met thousands of women who experienced financial difficulties resulting from a personal crisis – husband’s death, divorce, illness or loss of a job. In August 2002 she founded Money Wise Women Educational Services to ensure every woman is financially articulate, confident, secure and independent. Today she hosts and speaks at Money Wi$e Women Conferences throughout the Western United States. Marcia also hosts the popular Money Wi$e Women Teleseminar Series. She is the author of The Money Therapist: A Woman’s Guide to Creating a Healthy Financial Life (Seal Press). Ms. Brixey regularly blogs for Money Wise Women and Forbes.com.

Ms. Brixey’s been the featured speaker at numerous conferences including the Women’s Money Conference in Reno and Las Vegas; Central California Women’s Conference in Fresno, CA; Prudential Financial Stepping Out Conference in Santa Clara, CA and Chicago IL; Choice Hotels Convention in Orlando, FL; Oklahoma Society of CPAs Invest in Herself: Journey to Financial Freedom Conference in Tulsa and Oklahoma City, OK; Washington State Employed Women in Vancouver, WA; Today’s Woman Expo in Boise, ID; Invest in Yourself Strategies for Women Conference in Costa Mesa, CA; and Northwest Women’s Show, Seattle WA and Portland OR. She’s also spoken at Aquinas College in Grand Rapids, MI.

Marcia is a former columnist for The Kitsap Sun newspaper, which serves the Kitsap Peninsula in Western Washington. She has been a guest on Northwest Afternoon (Seattle, KOMO TV), View from the Bay (San Francisco, ABC affiliate), Good Day Sacramento, About the Money (Seattle, PBS affiliate) and Sonoran Living Live (Phoenix, ABC15 TV). Marcia’s been interviewed on numerous radio shows and featured on CBS Report of the Week with Brian Banmiller. Marcia’s print media appearances include Quick and Simple, Redbook, Family Circle, Reader’s Digest, Ladies Home Journal, Puget Sound Business Journal, Seattle Woman Magazine, and US News and World Report. She is a member of the My Own Business Institute Advisory Panel. Ms. Brixey received the 2006 YWCA Woman of Achievement award in Kitsap County.

Marcia was inspired to take early retirement from her public relations job with the Social Security Administration in August 2002 after reading the quote “Our purpose in life is to find our gift, perfect it and give it back to others”. Ms. Brixey’s experience with the Social Security Administration includes District Manager, Supervisor, and Public Relations Specialist. She graduated from California State University, East Bay with a B.S. degree in Business Administration.