Category Archives: business

Customer Value

customerIt drives me crazy the way some companies treat their customers – as well as their employees even.  An employee who isn’t treated with respect may not treat a customer with respect and then there goes all value of even having a business, right out the window.  All I can say is, if you want your business to fail, then forget about customer value.  And if you want to succeed, then customer value should be your highest priority.

A profitable business has and shows respect not only to their employees but to their customers as well.  In showing this respect you build a “bank”, and in that bank you can find return respect, appreciation, friendliness and willingness.  All this adds to the recipe of having positive customer value.  Having this value is a cornerstone to achieving repeat customers and less hassle.  It saves time for all involved.  If a manager or CEO or whoever can show that they care, then that gets passed on down the line to an employee straight to the customer.

Customers are the only reason a business stays alive.  I don’t imagine that a business owner would ever go and buy enough of their own products to keep themselves afloat, so they have to rely on someone else.  If you show no appreciation for the person who visits your store or online store front, even if nothing is purchased, then you need to step back and reconsider why you are doing what you are doing and either shut down business or provide what any customer needs.

Keep in mind that as soon as anyone walks into you store, they are immediately a customer, with or without a purchase.  There is no rhyme or reason to have to continually find new business because of the loss of customers.  To do so only means more costs to run your business and these are unnecessary costs that only inflate your overhead, giving less profit.

Develop relationships, be courteous, make them important to you and let them know that.  There are so many ways to show appreciation to get value.  Why not have a customer appreciation day a couple of times a year?  Maybe it will be an in-store party complete with a cakewalk and prizes.  Why save this only for grand openings?  Maybe at holiday times, spend the extra bit of profit to buy little holiday-related cheers to hand out, or simple “thank you for doing business with us” notes that aren’t printed on the back of a receipt.

If you want your business to succeed, then cater to those who will come to visit.  Think about what you want when you walk into a store.  Keep in mind what you dislike about the treatment you may receive from other businesses, and know not to do that.  Put out a suggestion box, and it make conspicuous.  All these things show you care, and the end line will be that you build value in your customers which promotes repeat transactions as well as free, positive advertising via word of mouth.

julianne-wish-avatar15Julianne Alvarez-Wish is a military wife, mother, homeschooling mom, business owner, professional writer, blogger, nature photographer and legislative advocate. She is the Colorado StatLeader for the National Association for Moms in Business and the owner of The Wish Place. She is the Colorado Springs Stay-at-Home Mom Examiner for Examiner.com. She also blogs at A Wishful Thought. Her passion, purpose and goal is to help parents work from home so they can be home with their children.

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Buy Similar Domain Names

website designDomain names need to be chosen carefully.  Your business and your domain name are intertwined.  It represents you and who you want to be in the market.  When choosing a domain name is it a wise idea to purchase others that are similar to the one that you chose for yourself.

Let’s weigh the pros and cons of this question.  Whether you should buy other domain names that are close depends on how well your name was chosen.  Just like you conduct research before choosing a niche for your business, do the same before choosing a domain name.

Domain names can be triggered by keyword searches.  If part of your domain name contains a keyword that is popular in search engine searches it could be a future winner.  Ideally, you want your domain name to appear on the first page of a search.

A winning domain name will have others trying to get as close to it as possible without infringing.  Buying those domain names yourself means that they will have to come to you for those names.  You may want to use those names in the future for other websites that you will create.  Having names that are similar will ensure that others can find your sites with their keyword searches.

If your domain becomes a household name, the other domains will become even more valuable to you in the future.  You will have the option of selling them for a fair amount of money or holding on to them.  Selling them will mean that someone else will get to ride your popularity with a name similar to yours.

One reason to buy similar domain names is for misspellings.  Do you know what homophones are?  They are words that sound alike but are spelled differently.  If you are doing a podcast or talking about your business website to someone and tell them your domain name, it is possible that they could misspell it when they type it into the URL address space.

If someone misspells it, that person could be directed to another website.  Thinking it is your site they could recommend it to someone else or buy from that site.  It could end up being a costly faux pas on your part.

When you enter your own address, purposely misspell it and see what comes up.  If there are no matches, then you might be safe — for now.  You may want to think of all the spellings that could come up and buy those domains as well to avoid this problem in the future.

There is a lot to know about domain names besides just coming up with the names.  Before you choose your name, look into all the possibilities so that you are sure that a good name that can’t be duplicated is chosen.

julianne-wish-avatar15Julianne Alvarez-Wish is a military wife, mother, homeschooling mom, business owner, professional writer, blogger, nature photographer and legislative advocate. She is the Colorado StatLeader for the National Association for Moms in Business and the owner of The Wish Place. She is the Colorado Springs Stay-at-Home Mom Examiner for Examiner.com. She also blogs at A Wishful Thought. Her passion, purpose and goal is to help parents work from home so they can be home with their children.

Don’t Let Your Subscribers Forget About You

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You’ve accomplished the most difficult and significant part of the job, you’ve acquired email addresses and built a subscriber database. Are you taking advantage of the invaluable resource or have you let your subscribers forget about you?

Subscribers get neglected for many reasons:

Business owners run out of content ideas.

The system isn’t as automated as it can be and communicating with subscribers takes too much time.

The automation is a process that can be easily implemented. Find a database management and autoresponder system and let it go. You can then create a year’s worth of content, schedule it and then let it go. Your subscribers needs will be met and you’ll be taking a huge step toward increasing your company’s bottom line.

Running out of content ideas is another issue altogether. There are a number of solutions.

Hire a ghostwriter. Let’s face it; if you’ve been writing your own content for some time, you’re going to start repeating yourself. It happens to everyone – even professional writers. Sometimes it takes a fresh mind and a fresh voice to find new ideas. A ghostwriter may be able to present a wealth of new topic ideas so you can continue to deliver value and benefit to subscribers.

Mix up the offerings.

Articles and newsletters are great but they’re not the only red jelly bean in the bag. There is a wealth of content offerings to consider:

* Video
* Audio
* Podcasts
* Email courses
* Online seminars
* Workbooks
* Reports
* Case Studies
* Reviews
* Expert interviews, audio and/or transcripts
* Surveys and quizzes
The list goes on and on. Additionally, mixing up the type of content sent to subscribers will keep them interested in your company. Everyone has their own content preferences, some people prefer to read, and others love to watch videos. When you offer a mix of content, you make sure everyone gets what they like.

How much is too much?

The big question for many business owners is how often should I communicate with my list? The answer is, it varies. Experts recommend no more than twice a week and certainly at least once a month. However, the key is to communicate with them as frequently as you promised. If they signed up for a weekly newsletter then by all means honor it and send them a weekly newsletter.

Consistent communication with your subscribers keeps them thinking of you. Timing is everything when it comes to making a sale. If you’re in regular communication with your prospects, chances are your timing is going to hit the target frequently. If you allow them to forget about you, they may fill their need for your products and services elsewhere. Don’t let them do that! You’re the best solution for their needs, right? Make sure they know it too.

julianne-wish-avatar15Julianne Alvarez-Wish is a military wife, mother, homeschooling mom, business owner, professional writer, blogger, nature photographer and legislative advocate. She is the Colorado StatLeader for the National Association for Moms in Business and the owner of The Wish Place. She is the Colorado Springs Stay-at-Home Mom Examiner for Examiner.com. She also blogs at A Wishful Thought. Her passion, purpose and goal is to help parents work from home so they can be home with their children.

Are Parties Necessary for Direct Sales Success?

the wish place logoPeople who are considering a home based business in direct sales begin to think about companies that use party plans as a means to generate income.  Party plans encourage prospective customers to host a party in order to earn free or discounted products.  Are parties necessary if you want to work in direct sales?

Not all direct sales companies require their associates to conduct parties.  In fact, some direct sales companies don’t require parties at all.  You may want to look further into companies offering a different plan for marketing if you are not comfortable talking to crowds of people.

Melaleuca, Avon, and World Book, among others, do not require a party plan.  So, are they necessary for success?  Obviously, the answer is no.  Even people that are associated with party plan companies can succeed by using other marketing plans.  It happens every day, you just have to do some research and determine what the other options are.

Direct sales success really depends more on you than on the method of marketing the product to potential customers.  If you don’t believe in the company and the product, it doesn’t matter what you do – you won’t be able to make your home business a success.  Here are some ideas to help you succeed whether you’re using a party plan or not:

1. Familiarize yourself with the business manual you received in your start-up kit.  Make a list of questions you have and then contact your upline sponsor as soon as you can.  Understanding what is expected of you, what you can and cannot do to market the product, and how the company will pay you will make all the difference in how you conduct your business.

2. Follow the instructions given to you during training.  Most likely you will be told to make a list of everyone you know. This will be your master list, the first people you will contact about your new business.  If you don’t complete this task, you’re not going to do the rest.  Swallow your pride and ask for your money back.  This company is not for you.

3. Begin networking with other business owners.  Join the local Chamber of Commerce and get plugged into regular meetings.  You must promote your business if it is to grow, and networking with other business people is a great way to let others know about your company.

4. Schedule specific times during the week to work on the various aspects of your business. If you’re at home, make sure to let friends and family members know that you do not want to be interrupted during your “work” hours.

5. Tell everyone about your business. Don’t assume that they already know about it or that they’re not interested.  You might be surprised to find that more people are interested than you think.

These five points show that you do not have to be involved in home parties in order to succeed in direct sales.  Your success is ultimately up to you, and depends on how serious you are about treating your business as a business.  If you want to see your business grow, you have to act in ways that will cause growth to happen.

julianne-wish-avatar15Julianne Alvarez-Wish is a military wife, mother, homeschooling mom, business owner, professional writer, blogger, nature photographer and legislative advocate. She is the Colorado State Leader for the National Association for Moms in Business and the owner of The Wish Place. She is the Colorado Springs Stay-at-Home Mom Examiner for Examiner.com. She also blogs at A Wishful Thought. Her passion, purpose and goal is to help parents work from home so they can be home with their children.

Marketing Dos and Don’ts

dos and dontsWhat is worse than not marketing your website?  It is getting bad backlash from doing the wrong thing.  At least if you aren’t marketing you still have the opportunity to do so.  When you are getting a bad rap, people may avoid you like the plague.  Here are some marketing do’s and don’ts to keep in mind as you go forward from this point.

DOs

1.  Keep the name of your website short and to the point.  When it comes to reading something on the Internet, shorter is better.  People lose interest quickly and a long name will not be catchy enough to stay on their minds for very long.  This is a business that you want to keep going for a long time.  Choose your words carefully.

2.  Use your signature line in forums and on emails.  The signature line is not just for your name anymore.  Include the name of your business, a brief description of what it is about, and the website link to find your main business page.  Be sure to check with the forum administrators to find out what you can and can’t do as far as trying to get free advertising.

3.  Do advertise offline to the local community.  The local community is another sphere of influence that will help the word spread about your business.  If money is an issue, advertise in church directories, newsletters, advertising books for special events, and the word of mouth method.  Talking to people in the beauty shop, barber shop, church, and the Rotary Club meeting can earn you hundreds more visitors to the site.

4.  Learn all that you can about search engine optimization.  The idea is to be ranked somewhere on the first page of search results for as many search engines as you can.  Most people only look on the first page because they assume correctly that they are the best places to find the information needed.

DON’Ts

1.  If you ignore the rules of posting information about your business on forums, they will boot you out.  This type of blatant solicitation is prohibited on most forums.  They let you use your signature line but adhere to the rules of what you can say.

2.  Adding a lot of extra frills to your website page will not make it more attractive to the search engines.  People who visit may like the bells and whistles but they won’t find you to admire them if you are consistently placed low in the page rankings.

3. Take a long time to respond to customer service issues.  When customers send you email about a broken product or have a question, answer promptly.  If you do not they will tell everyone that they know about your rotten service.  That type of word of mouth marketing you can do without.

Marketing strategies will either help or hurt you.  It takes time to see what works best so try as many as you can.  Remember that the object is to attract customers, not anger them.

julianne-wish-avatar15Julianne Alvarez-Wish is a military wife, mother, homeschooling mom, business owner, professional writer, blogger and legislative advocate. She is the Colorado State Leader for the National Association for Moms in Business and the owner of The Wish Place. She is the Colorado Springs Stay-at-Home Mom Examiner for Examiner.com. She also blogs at A Wishful Thought. Her passion, purpose and goal is to help parents work from home so they can be home with their children.

Frugal Marketing 101

frugal 2When you’re building a business on a budget, getting started may seem like an insurmountable task.  But with hard work and determination, you can do it.  Once you’ve got everything in place, it’s time to get to work on marketing your business.

Small business owners often feel that they do not have the resources to market themselves, so they just set up shop and hope for the best.  This is one of the reasons that so many small businesses fail.  If no one knows that you exist, how are you going to make any money?

You don’t have to spend a lot of money for your marketing to be successful.  If you’re willing to take promotion into your own hands, you can get good results without going broke.  In fact, there are some marketing methods that do not cost a dime.  Here are some cheap and free ways to get the word out about your business:

* Write and distribute press releases.  There are websites where you can submit them for free for anyone to read, but it’s also important to send them directly to media outlets.  This could get your business featured in a story in the paper or a magazine, or maybe even the television news.

* Write articles about your field of expertise and submit them to online article directories.  You can add a resource box with a short bio and link to your website.  Webmasters can access these articles and add them to their sites as long as they keep them as-is, so this will give you publicity and links to your website.

* Seek out joint ventures with other small businesses.  This could be a good source of publicity, and you can split advertising costs.

* Try bartering for advertising.  If you run a cleaning service, for example, see if the local newspaper will allow you to clean offices in exchange for ad space.

* Distribute lots and lots of business cards.  Business cards are a staple for any businessperson, whether a small business owner or the head of a multinational corporation.  Hand them out to anyone you discuss business with, leave them at local business that cater to clients who might be interested in your products or services, and drop them in any correspondence you send.

* Donate items for fundraising raffles and other types of giveaways.  This is a nice gesture of goodwill, and your business name will be featured on tickets and promotional materials.

Marketing does not have to be expensive to be effective.  There is room for some amount of marketing in any budget, because some methods come at no cost except your time.  So there’s no reason that you can’t get the word out about your business, no matter how little you have to spend.

julianne-wish-avatar15Julianne Alvarez-Wish is a military wife, mother, homeschooling mom, business owner, professional writer, blogger and legislative advocate. She is the Colorado State Leader for the National Association for Moms in Business and the owner of The Wish Place. She is the Colorado Springs Stay-at-Home Mom Examiner for Examiner.com. She also blogs at A Wishful Thought. Her passion, purpose and goal is to help parents work from home so they can be home with their children.

Is There Such a Thing as Frugal Marketing?

frugalMarketing is an important part of any business.  It’s how we get the word out about our products and services to prospective customers and clients.  If we want our businesses to be successful, marketing is not something we can skimp on.

Large companies spend millions of dollars on marketing each year to maintain their brands’ market share.  But for most small businesses, there aren’t millions of dollars in the entire budget, let alone available for marketing.  Large-scale advertising campaigns are not an option.

Some small businesses commit a large portion of their budgets to marketing.  They produce elaborate ads and reserve premium ad space, have all sorts of fancy promotional items made, and sponsor lavish events.  This helps them gain visibility, and possibly market share, but at what cost?  In some cases, profits suffer unnecessarily due to overspending on marketing.

What these businesses do not realize is that marketing doesn’t have to be that expensive.  There are methods of marketing that are not that costly, and some are even free.  These methods may not be as flashy as the ones that cost lots of money, but they can be very effective.  And in many cases, they have a much better return on investment.

It’s also important to note that you do not necessarily have to hire a marketing firm to do your marketing for you.  While there’s no doubt that marketing professionals have an advantage because they know the business so well, it’s not impossible for a small business owner to handle most of his own marketing.  It might take a little time to learn the ropes and make connections, but it can save you a substantial amount of money.

Some of the Best Marketing Is Free

There are plenty of marketing techniques that you can employ at a low cost.  But did you know that it’s possible to get great results without paying a dime?  Generating positive publicity can help a small business become well known and give potential clients and customers a good first impression.

Publicity is easier to get than you might think.  Writing press releases and distributing them can get your business featured in newspapers, and possibly even on the TV news.  You might be surprised at the things that the media will find newsworthy about your business.  Some of the best topics for press releases include special events, correlations with national news stories, and joint ventures.

Marketing might seem impossible when you’re on a tight budget, but there are plenty of ways you can reach your target market without breaking the bank.  Some methods have no cost except your time.  Frugal marketing is alive and well, and it can provide great results for the small business owner.

julianne-wish-avatar15Julianne Alvarez-Wish is a military wife, mother, homeschooling mom, business owner, professional writer, blogger and legislative advocate. She is the Colorado State Leader for the National Association for Moms in Business and the owner of The Wish Place. She is the Colorado Springs Stay-at-Home Mom Examiner for Examiner.com. She also blogs at A Wishful Thought. Her passion, purpose and goal is to help parents work from home so they can be home with their children.