Posts Tagged ‘Small Business’

Home Sweet Office?

Many small businesses start in the owner’s home as a way to save money.  There’s a lot of advantages for businesses to go virtual and work from home.  Going virtual keeps your overhead costs low.  But not all businesses are meant to operate from homes.

A friend of mine owns a gift basket business and wades through gift basket inventory in her home.  Her living room floor is covered with inventory, from dog treats to sports jerseys to bags of cellophane wrapping and ribbons.  Her closets are filled with the actual baskets in every shape, color and size.  It’s a sign you need to move when you just move each pile from one side of the room to the other.

As the business grows in sales and/or numbers of employees, it becomes time to ditch the PJs or sweats and move away from the spare bedroom or dining room table and into bona fide office.  When to know it’s time?

Marketing On A Tiny Budget

Small BudgetMore and more small business owners are finding ways to cut costs.  However, there are areas in your business that you can’t afford not to spend money on such as Marketing.  There are ways to get the word out about your business that won’t cost you an arm and a leg.  If you have a tiny marketing budget, you can try the following examples.  I’m pretty sure there are other entrepreneurs that may find a few marketing ideas to try as well.

Word-of-mouth advertising and referrals cost nothing yet very powerful. There are a couple of ways to go about this. Contact your customers and ask them to refer a friend or a business associate. Or, you can ask each of your friends and relatives to recommend three of their friends. Then, write a letter to them introducing your services. Generally when you have customers that appreciate your service they are usually happy to help you stay in business.

Savvy Marketing Tactics For Small Business

Small Business MarketingMarketing your products and services is a constant, ongoing process that is a never-ending job. Especially if you’re looking to generate revenue and increase your customer base and of course, hold on to your current customers. The good news is you don’t need much to market your small business successfully. Here are some tips of low-cost marketing tactics you can apply to your marketing plan today!

BLOG IT UP

If you don’t have a blog for you and your business, then start one. If you do, crank it up! Think about what your customers want to know about that you can help them with. What are the key words your customers search for? Combine those two and start creating content. And don’t forget to add an RSS feed for your blog so people can subscribe and be kept updated.

Get YOUR Content OUT-THERE

Take your blogging to the next level and create some great articles from your content, then get that content out there to the world to build reputation and focus on you and your business. How-to’s, tips, strategies, interviews, positive stories and lessons learned, just to name a few. Your articles can go onto your website, into your newsletters, and then submit them to various media, content websites (eg: PRweb.com, ezinearticles.com, etc.), and blog directories.

DATABASE Contact

If you don’t have your past customers and prospects already in a database, spend time doing that and then make it a habit to update it as new contacts are made. If you do already have databases, when was the last time you got in contact with those

7 Rules to Create an Effective PR for Small Business

Effective public relations strategy is an excellent alternative to advertising, especially for small businesses with limited marketing budget.  It is a cost-effective way to gain exposure for your product or service, get more leads, generate more sales and build a great brand.

What makes PR so powerful? A product (or service) mentioned in the context of a news report or print feature story gives it a passive endorsement and third-party credibility advertising just can’t buy.

How can you make the PR process work for you? Here are a few rules you need to create an effective  PR plan to give your product competitive advantages in your market:

  1. Identify your market. The more specific you can get about which group should use your product, the easier it will be to identify which media you need to work with.
  2. Be clear about the benefits relevant to your market. Remember to sell your product or service to the media so your story will get published. Let them know the benefits and show them the numbers to prove that your product or service saves time and money–or makes money.
  3. Position your product as unique. It’s important to be able to attest your product is x-times faster, better, cleaner or more cost-effective than your competitors’ product or industry standard. Such specific and proven advantages will provide the media concrete evidence to feature your product over anyone else’s.
  4. Make use of testimonials. All other things equal, testimonials are one of the strongest ways to enhance the credibility of any promotional piece. This also holds true for your editorial piece as well.
  5. Target the media used by your target market. Find out which media outlets your target market typically reads, views or listens to. Do an online search for free or inexpensive press release submission sites.  Research sources that outline available media according to locality and special interest groups.
  6. Prepare your press release. If writing is not your forte, hire a PR writer or a seasoned virtual assistant to help you write the release.  Make sure the release has a great headline and it follows the AP style guides. Your first paragraph should be no more than 25 words and needs to both explain the headline and summarize the story. And remember to keep your editorial to one page or less.  If you are selling a product, attach a photograph.
  7. Sell your release. Email or call the person named in the media guide. Give them the headline and the first paragraph. If you catch them on the phone, they’ll make a decision then and there whether they like it or not. A “yes” or “maybe” means “send me an email with more information.” Forward it immediately. Earn the right to follow up by asking if you can call back the next day or at some other specific time, depending on publication dates. Keep in contact, but don’t be pushy.  If the story is of value, it will sell itself.

While these steps don’t guarantee publication and broadcast, following these steps will give you a better chance of success.  These steps will enable you to start building good media relationships you’ll need for the future and also give your business a strong competitive advantage in the media market.

“If I was down to my last dollar, I’d spend it on public relations.” – Bill Gates

Be an Effective Communicator

Okay, “communication” is a very broad topic – impossible to cover in depth in a few paragraphs. But there are several proven and practical strategies you can immediately apply to enhance your overall effectiveness:

Use Less Words

After writing a correspondence, presentation script, web copy, blog, etc, edit it with a goal of eliminating 20-30% of the words. It’s easy to find unnecessary words if you take time to really look.

Use Visuals

Be a creative communicator by using props, pictures, stories, etc. to convey your message.

Watch Your Language

Try to avoid acronyms, jargon, technical terms, ambiguous words (a little, a lot, very, really, etc.).  Don’t use words that the entire audience may not understand or often have different meanings to different people.

Avoid Rambling

Narrow your communications down to no more than three key points.  Most people have short attention spans.  Make sure you convey your message succinctly and clearly.

“How well we communicate is determined not by how well we say things, but how well we are understood.” – Andrew Grove

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