Positioning in Small Business Marketing
Start a Startup
July 31, 2007 on 1:24 pm | In small business news | No CommentsPaul Graham Essays: The 18 Mistakes That Kill Startups Why Startups Condense in America Why Smart People Have Bad Ideas Paul Graham is an essayist, programmer, and programming language designer. Paulgraham.com got 8,1 million pageviews in 2005. A Student’s Guide to Startups The Hardest Lessons for Startups to Learn Ideas for Startups How to […]
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Small Business Owners: Interview Questions That You Should Ask Your Applicants
July 30, 2007 on 2:35 pm | In small business tips | No CommentsAre you a small business owner? If you are, how is your business currently going? When first starting a small business, there are many small business owners who decide to start out small. This often involves being the only employee or just hiring family members. Limiting the number of employees that you start off with is a great way to limit your business expenses, but there may come a time when you need to hire additional help. If and when that time comes, do you know what you should do? If not, you will want to continue reading on.
Whether you run an online store, a storefront retail store, or an office-like business, you will need all job applicants to either submit their resumes or fill out a job application. In all honesty, it might be easier to have them do both. You can easily make your own job applications or you can purchase standard job applications from many office supplies stores, either on or offline. Once you have a collection of resumes and job applications, you may then want to think about going through those papers to find applicants that you would like to schedule a job interview with.
When it comes to finding the perfect employee or employees for your small business, the interview process plays an important role. It is during an interview where you are able to learn as much as you can about a job applicant, particularly if he or she is right for you and your small business. The best way that is this is done is by asking the right questions. Just a few of the many that questions that you will want to think about asking your job applicants are outlined below.
As a small business owner, you already know that you need to compete with larger businesses, ones that may have more money and resources than you do. The way that you can do this is with good customer service. Although it is important that you know this, your employees need to know this as well. You will want to ask your applicants if they know the difference between a large business and a small business, as well as what sets a small business apart from a large one. Also, ask them if they know why some customers prefer doing business with small businesses, like yours. If you cannot get the answers that you were looking for, it may be best to move on to the next applicant right away.
Since customer service is what often sets small businesses, like yours, apart from large corporations, you need to make sure that you hire employees who have good customer service skills. During a job interview, you will want to ask all of your applicants about their people skills. Do they think that they have good people skills? Do they find it easy to strike up conversations with customers or those who they don’t personally know? You will want to hire an employee or employees who are easily able to communicate with customers, on a wide variety of different topics, including business topics and silly topics like the weather.
To ensure that you are getting an honest answer from your applicants, particularly concerning their customer service skills, you may want to think about testing the waters a little bit. For instance, if you run a retail store, ask your job applicants what they would stay to a customer after they checked them out. If you get a response like “I don’t know,” the applicant you are interviewing may not be the perfect match for you and your business. As you already know, the perfect response would be “Thank you for your business and have a nice day.”
The above mentioned questions are just a few of the many that you may want to ask any job applicants that you bring in for an interview. After the first couple of interviews, interviewing potential candidates will come to you naturally, as if it were like a walk in the park.
Christmas usage of business cards
July 29, 2007 on 8:26 am | In small business news | No CommentsBusiness cards do not come cheap. With online business card printing services, people have gained access to much cheaper printing facilities that they did not have before.With all these factors and considerations about business cards, you would not want to just throw them away to never see again. This is especially so if you suddenly changed jobs and have a boxful loads of unsent business cards.This Christmas, you can have other uses for these old cards besides being the sole occupant of thrash cans and a medium of fire starters. Make them into gift tags!Turn them over to the blank side, took a rubber stamp that is Christmas themed, stamp the left side of the card, used a hole punch and punch a hole in the top left corner of the card. Add some color and the words TO and FROM on the appropriate corners. There you have it. Your own gift tag AKA old business cards! As inexpensive as you can get. Will bring out your creative juices too. Not to mention, a quite unique fun.
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Small Business Owners: How to Make Your Specialty Store Profitable
July 28, 2007 on 7:46 pm | In small business tips | No CommentsAre you a small business owner who runs a retail store, but not just any retail store, one that is considered a specialty store? A specialty store, as you likely already know is a store that focuses on a particularly type of product or at least a particular niche. For instance, a store that only sells plus size clothing for women can be considered a specialty store.
Specialty stores, as you likely already know since you started one, are a great way to make money. The only thing is that it can sometimes be difficult to do, as you often end up with competition from larger companies, often in the form of one stop department stores; department store that carry everything. Yes, it can sometimes be difficult for you to make a profit, but that doesn’t mean that it can’t be done. In fact, outlined below are a few ways that you may be able to increase your profits.
One of the many ways that you can go about increasing your profits, as a specialty store owner is by making sure that the public knows that your business exists. Alto often, many specialty store owners do not take the time to effectively market or advertise their businesses. Depending on the type of specialty store that you run, there is a good chance that you may be able to develop a fairly large customer base, but those customers must first know that you and your business exist. To do that, you may want to think about buying advertising space on one of your local television stations or radio stations. The least that you will want to do is distribute flyers around your local community, either as newspaper inserts or on community bulletin boards.
Another way that you can go about increasing your business profits, when running a small, specialty store, is by expanding your business. You don’t necessarily have to move to a new location, open up a new store, or increase the number of products that you sell in your store. You can also expand your business by also opening up an online store. There are actually many specialty store owners who are turning to the internet to help increase their profits. Yes, a large number of consumers still like to shop locally, but many also prefer shopping online, especially when they are looking for something in particular or something that is hard to find. Having an online store, in addition to a storefront location, will only increase your chances of making a profit. In fact, the cost of a running an online store is actually quite minimal, especially when compared to running a storefront one.
Another one of the many ways that you can go about increasing your business profits, when running a specialty store, is by limiting the amount of money that you end up spending. As a retail store owner, you may want to make sure that your store is fully stocked with merchandise. Although this a good approach to take, you need to proceed with caution. If you are just getting started, you may not necessarily know how successful your business will be. For that reason, you may want to start out small when ordering your merchandise. Yes, you may be required to buy from your supplier in bulk, but you will want to be cautious with buying too much merchandise at one time. Should your specialty store not work out and you need to close your business, you may end up losing money by being stuck with merchandise that you can’t sell for a profit.
The above mentioned tips are just a few of the many what you may want to think about implementing to make your specialty store a profitable one. Perhaps, the most important tip, the one that deserves the most thought, is the opening of an online store. It is not uncommon for small specialty store owners to find that their online sales actually end up paying for their storefront locations.
Why Is Small Business Health Insurance Worth It?
July 28, 2007 on 9:35 am | In money management | No Commentsby: Jeff Schuman
If you’re looking for a guide to how to get health insurance and
what kind of health insurance is best for your small business,
then this is the article for you. Your business qualifies for
small business health insurance if you have anywhere between two
and fifty employees in it. If you are self employed then you’ll
want to look into getting self employed health insurance.
There are many benefits to getting small business health
insurance. A small business health insurance plan will help
spread the financial risk around to everyone and not just
yourself. As this is the case, this generally will bring lower
premiums and more extensive coverage. Along with this, the
health insurance provides medical care for you and all other
employees as well.
With a small business health insurance people often get group
insurance. This too has its advantages on several different
aspects. All contributions from the employers are 100% tax
deductible, and you’ll save on payroll taxes as well. Small
businesses will be eligible for group insurance just as long as
you have two or more full time employees working.
When setting up a group insurance plan for your small business,
all members will be set up with a coverage plan with rates
calculated using the group and individuals. After that it is up
to the separate employees themselves if they wish to add riders
and additional coverage to satisfy their needs. Keep in mind
that not all employees in the small business have to join the
group plan. Just as long as there is no fewer then two
employees in the business that have the group insurance plan,
then you will be fine.
The cost of the group insurance plan varies based on several
different characteristics. Some of these include age, health
status, business and/or residential location and so on. Like
everything in this world it’s not going to be cheap, but it will
be cheaper then having a bunch of separate health insurance
plans.
Most health plans are going to require employees to pay at least
half of the premium cost for covered employees. Some employees
will offer to pay 100% of the cost, white now there is a new
health plan giving employees the option to pay as little as 25%
of the cost. Just know that typically most types of coverage
will cost employees a minimum of $1,600-$2,500 per year per
employee. By clicking on the link below you can begin getting
quotes for your small business health insurance.
http://www.buyerzone.com/benefits/health_insurance/qz_questions_2.jhtml
Just remember that many times medical services are needed
unexpectedly. If you or other employees do not have health
insurance this could be a devastating blow to the wallet. The
cost of a hospital visit, depending on the circumstance, will
many times be much higher then the cost of health insurance.
You want to be able to live life knowing that you’re insured
just in case the unexpected happens. Nothing hurts to at least
look at some quotes and talk it over with other employees, but
you have the power to make the decision.
About the author:
Small business grants and small business resources to help you start and run your own small business. Small business training, information, articles, loans, and more. http://www.sites-plus.com
Simple, Yet Effective Ways to Make Your Small Business a Success
July 27, 2007 on 3:41 pm | In small business tips | No CommentsAre you a small business owner? If you are, you likely already know that you have to compete with a large number of other businesses, many of which may be larger than your business or have more money to “toss,” around. While you may think that your size automatically puts you at a disadvantage, it doesn’t have to. There are a number of ways that you can go about making sure that your small business is a successful, profitable one; ways that actually require little or no work on your part.
One of the simplest, yet most effective ways that you can turn your small business into a success and keep it as one is by smiling. Yes, smiling. Many people, possibly even you, do not actually realize just how far a smile really goes. When it comes to buying a product or a service, from both large and small business owners, many customers want to feel appreciated or at least like they are being noticed. After all, without the customer, you and your small business employees wouldn’t even have jobs. That is why it is important that you and your employees always smile at your customers and always put on a happy front.
Small talk is another simple, yet effective way to make your small business a success. Small talk can be something as simple as asking any of your customers if they need help finding anything, if you run a retail store, or asking them about the weather outside. Small talk makes your customers feel important. It makes many consumers feel good that there is assistance available if it is needed, as well as the fact that some actually values their opinion or insight, even if it is only about the weather. That is why you and your employees are always advised to strike up a conversation with your customers. This conversation is what will likely keep them coming back for more.
As stated above, there are many people who tend to forget how much a smile can brighten up a person’s day. In addition to smiling, it seems as if some customer service workers have forgotten the importance of a simple thank you. When running a small business, your customers have the options of shopping with you or with a larger company, a larger company that have more products for sale, at lower prices. What often sets you and your competitors apart is your customer service. That is why it is advised that you and all of your employers thank all of your customers for their business and ask them to come again soon. Your customers do not have to shop at your store, but they do chose to do so; therefore, make sure you thank them for it.
Another way that you can help to ensure that your small business is a successful one, one that consumers love doing business with, is being polite on the phone to all callers. While this may seem like common sense, there are times when it can easily be forgotten. Sometimes it seems is if potential customers call with questions about store hours or a product at the worst possible time, often a time when you are busy. Although this may be frustrating to you, you are advised to stay calm, cool, and collective. If you need to, ask the caller to please hold on for a minute, but try not to keep them on hold for too long. Your actions or the actions of your employees on the phone will have a significant impact on whether or not the caller decides to become a paying customer later on.
As outlined above, being friendly, patient, and pleasant to deal with are simple, yet effective ways for you and your business to make a name for yourself; a positive name. That positive name is what may help to keep your business running strong and profitable for years to come.
Logos are not made for the sake of having one
July 26, 2007 on 9:12 am | In small business news | No CommentsLogos are not just created to have a visual or graphic representation of a certain product or service. They are there for a purpose.Before planning one, however, there are two important things you need to remember to ensure that your logo is done the way you want it to. In short, no hassles.What are these?Less color is equals to fewer problems.When choosing colors, make sure they can be easily converted from CMYK or process colors. This will allow huge cost savings when printing stationery and marketing materials.A brightly colored logo may work in signage or on television, but may not be suitable for reproduction in a newspaper. Always remember the golden rule: Keep the colors simple.Register your logo before you print it
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Getting More From Your Customer
July 25, 2007 on 10:35 pm | In articles | No Commentsby: Matthew Tibble
We are all customers of one product or another. How is it we always seem to buy or shop from the same place? What is it that these businesses do to keep us coming back and buying from them? A large portion of the selection process that a customer goes through is done through advertising – attracting and reminding customers through promotions.
Without doubt, the most effective strategy for retaining a customer is to provide excellent customer service, but you need them to sample your product or service initially. Once you receive their custom, you will need to remind them that you are there, willing and waiting for their next purchase!
How do you do this? COMMUNICATION. There are some basic tools that a small business or large business can employ to improve their sales with their customer. These include:
* Sales letters
* Sales promotions
* Email newsletters
* Advertising
* Customer service
* Telemarketing
You will need to find out what the best avenue for communication is for your customer. If it is an online business, emails and sales letters might be the best option. If you have an off-line business, then maybe sales promotions inviting customers to a special VIP evening for a product release might be your best option.
In reality, it is often a combination of communication tools that generates the most sales form your customer. You are constantly saying “Remember me? We were of great service to you last time, and are waiting to be able to provide you the same service again”. Begin making effective change in your customer communications today.
About the author:
Matthew Tibble operates http://www.BusinessPlanningMadeEasy.com,a site dedicated to business owners to help them achieve their business goals. A combination of sales and marketing experience over the past 9 years & a strong passion to help small businesses improve their success has led to the development of business and marketing planning services. Please visit http://www.businessplanningmadeeasy.comor email info@businessplanningmadeeasy.com
Should You Start Your Own Small Business?
July 24, 2007 on 8:28 am | In small business tips | No CommentsAre you looking for a new job or a way to make money? If you are, have you ever thought about starting your own business? If you haven’t, you may want to think about it. Each year, a large number of individuals make the decision to startup their own small businesses. Many of those individuals end up starting businesses that will be profitable for years to come. If you play your cards right, you may be able to be one of those individuals.
If you are wondering whether or not you should startup your own small business, there are a number of important factors that you may first want to take into consideration, before making your decision. One of those factors is the type of business that you would like to start? Do you know what type of small business you would like to start? For instance, would you like to open up a dog grooming business, start your own alteration business, or develop a small retail store? If you are serious about starting your own small business, it is advised that you choose something that you know and love. For instance, if you have a love for pets, you may want to start your own doggie bakery, a dog grooming salon, or a pet sitting service, and so on.
In addition to the type of business that you would like to run, you also need to examine how that business would be operated. For instance, there are many small businesses that are considered locally owned and operated businesses, while others operate solely online. There are also a number of small business owners who choose to have both, a physical location, as well as an online address. How you would plan on running your small business is an important component of determining whether or not you should open one to begin with. For instance, if you are interested in having an online store or website, but you don’t know how to make one, you may need to take a web design training class or hire a professional web designer.
Your current financial situation should also be examined, when determining whether or not you should try and startup your own small business. Just about all business ventures require some startup cash, although some require more than others. If you currently do not have the financial means needed to start your own small business, you may be able to seek financial assistance. Many financial lenders, including banks and credit unions, may be willing to give you financial backing to get your small business up and running. However, to do this, you often need to show the lender in question that your small business is one that can make a profit, or at least enough money to payback the business loan. The best way to do this is to create a professional business plan for yourself; one that you can show to all loan officers that you end up meeting with.
It is also advised that you examine how big you want your business to be. For instance, if you are planning on opening up a small retail store, like say a craft store, do you know how many employees you will need to hire? In fact, do you even need to hire any at all? If you are planning on running your store by yourself or if you have some family member who may be able to help you, you may not need to hire any additional employees. If the time comes when you need to hire help, you may be required to pay additional insurance or taxes, like for workman’s compensation and such. For more information on this, you are advised to ask about your state’s rules and regulations on small businesses and employment.
The above mentioned factors are just a few of the many that you will want to take into consideration, when trying to determine if you should start your own small business. As you likely already know, the decision as to whether or not you want to startup a business is yours to make, but it is a decision that shouldn’t be made on a whim. You are advised to discuss your possible business venture with your family and possibly even with a financial planner. Starting your own business may be a lifelong dream of yours, but if your small business dream isn’t thoroughly thought out and planned, it can quickly turn from a dream to a nightmare.
Business card follow up
July 23, 2007 on 6:34 am | In small business news | No CommentsYou finally have a collection of business cards from among your best prospects, now what? Do you keep them to add to your friends? Or do they get to serve the purpose they are intended to?It is time to follow up. The best follow up is immediately, as soon as possible. Prospects will remember you best if you send them a personal note or email the next day or the next few days after you both have swapped that card. Nowadays, e-mail is way faster and you will be surprised at the fast response you will be getting also. What started out as a simple exchange of business card will now lead to an interaction between you, as a business owner, and the prospective client, yours in the days to come. It is not a necessity for both of you to have a common goal in business. You have a quasi-relationship in the fact that you were both at the same event and the fact that you followed-up promptly. Let them know their business cards are not dumped or trashed like the usual ones by following up.
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