Archive for the ‘Business’ Category

Know Your Competition

Friday, July 23rd, 2010

by Debra Howard

 

Recently I was working with a consulting client and asked, “Who is your biggest competitor?”  He responded smugly, “I don’t have any.”

 

Unfortunately, this line of thinking is dangerous; especially in tough economic times.   Not knowing what the competition is doing, whether good or bad, can cost customers and missed opportunities.

 

Observations based solely on assumptions can lead to poor business decisions and missed opportunities to increase market share.  Honest assessment is key; you have to put yourself in your customer’s shoes.  If you are a customer and you need a widget, what are the benefits from buying the widget from your company?  Price?  Service?   Selection?  Brand?  Convenience?  Reputation?

 

Too many businesses assume that if they lower prices, customers will come.  Not true.  Businesses rarely survive on price alone.  Look at Inn n’ Out Burgers; McDonald’s is cheaper, yet there are always long lines at Inn n’ Out.  Why?  Because they do one thing and they do it extremely well.  They are also consistent.  Always friendly, always fresh; they consistently deliver what the customer expects.

 

My best advice—view your business through the eyes of your customer.   Visit your competition and visit your own store or business with fresh eyes.  What do you see?  What are others doing or offering that you are not?  What are you offering that no one else does?  Perhaps you have neglected to advertise the fact that you have extended hours two nights a week or guarantee every purchase with a 30-day money-back guarantee.  So many businesses overlook the positive characteristics of their own businesses simply because they assume everyone knows what they offer.  No one is a mind reader; you have to tell them and keep telling them every chance you get. 

 

So size up the competition even if you think they are no threat to your own business.  Information is power and survival of the fittest can mean knowing what everyone else is doing so you can improve on those services or add something no one else is offering.  Just make sure you tell the world with press releases, advertisements, commercials, on your website, emails, social media, and so forth.  Adopt big business marketing practices on a limited budget and you will attract new customers.  And who among us doesn’t want new customers?

Help! I Can’t Afford to Advertise!

Saturday, July 10th, 2010

by Debra Howard

 

Sales have declined in the last couple of years and you’ve been forced to cut back on everything: employees, vacations, equipment for the business and so forth.  You are running a small business and cash flow is extremely limited.    How can you justify placing an ad when you are worried about making payroll?  You need more customers but what can you do?

 

Begin with Existing Customers.

To start with, take advantage of existing customers.  Hopefully, you have built a mailing list or email list of clients and can start with some direct mail advertising.   If you have neglected to collect this information, start NOW!    Offering current customers an incentive to buy from you or encouraging them to refer your business to someone else is an inexpensive way to jog their memory about your business and what you offer.

 

Depending on your business, email or direct mail advertising can offer two incentives for the price of one.  For example, if you are running a special sale, offer a coupon for the sale and if they buy, reward them with another coupon for the following month.  It is also a great way to track your ROI from your marketing efforts.  

 

Getting the Most from Your Website.

Don’t neglect your website when you are offering a sale or doing something newsworthy.  If you haven’t updated your site in more than a year, it is definitely time to add new content and images.  Tell your potential customers about any new products or features you are offering as well as adding a “What’s New” or “Company Buzz” page if you don’t already have one.  Adding informative articles about your particular industry or products helps customers stay abreast of the latest innovations and also reinforces your professionalism.

 

Adding a blog is another great way to interact with customers and offer up last minute sales and announcements without contacting your webmaster.  Just make sure that you include your website address on EVERYTHING: invoices, business cards, outdoor signs (if applicable), advertisements, letterhead, newsletters, brochures, and so forth. 

 

Additional tips.

Tying your marketing efforts with a local charity is another great way to encourage customers to buy as well as generating some goodwill for your business. For a limited time, donate a percentage of sales to your favorite charity.  Make sure to get the word out to the media for additional exposure.  If you have a company newsletter, do a feature story on the organization and why it is a worthwhile cause.

 

Offering free workshops or seminars is yet another inexpensive tactic to encourage customers to patronize your business and set you apart as an expert in your industry.  Volunteer to be a speaker at business networking clubs and go armed with inexpensive promotional marketing gadgets to distribute such as pens, magnets, notepads, and so forth.  Brainstorm with employees for additional inexpensive or no-cost marketing ideas that will generate a little buzz and some new business.   Having a limited advertising budget can be a plus because it forces you to get creative.  After all, what do you have to lose?  You may just stumble on to a low-cost, winning method for attracting new customers!

 

We invite you to share some of your marketing tips that have proven successful for your business.  What guerilla marketing technique have you used that has delivered the best ROI?

 

 

 

 

SEO Strategy and Google’s “Caffeine”

Thursday, July 8th, 2010

 by Debra Howard

The latest SEO buzz around the Internet is all about Google’s new “Caffeine.”  For those of you that may not yet be familiar with Caffeine, it is Google’s latest indexing feature.  Because Caffeine just recently launched, there is much speculation around the Web and little hard evidence for the full effects of this new system. (For a detailed explanation about Caffeine from Google: http://googleblog.blogspot.com/2010/06/our-new-search-index-caffeine.html )

So how will Caffeine affect your website? 

According to various articles and blog posts, the emphasis is being placed on real-time, news sites, and continual updates.  Website Magazine ran several articles in the August 2010 edition regarding SEO and indicated that content managers will have to step up their game and add fresh content more frequently.  Dave Cosper, Search Engine Guide, had a similar conclusion in his article “New SEO Practices for a Google Caffeine World.”  Cosper also indicated that Caffeine would focus more on organic results and quality content.

At this point, it is too early in the game to say definitively how Google’s Caffeine will affect your particular site.  However, the old rules of quality content, white- hat SEO tactics, and continual content and image updates are more important now than before.  Users are demanding quality information and expect to access it quickly, so if you’re lucky enough to have Google’s Caffeine select your site among the top ten, don’t disappoint your visitors.  Keep your site fresh and keep writing quality content.  If you’re lousy at writing, hire someone, find a journalism student, or someone that is good at writing and hire them!  Content is still king.

If anyone is experiencing recent changes in page ranking and suspect it may be from Google’s new system, we want to hear from you.  We invite you to share your experiences, both good and bad, by posting a comment.

Comparing Your Website with the Competition…

Saturday, January 17th, 2009

Confused by web statistics and what the information really means?  You’re not alone.  How do you tell  if the 10% conversion (sales) to your site is on par with the competition?

Thanks to Google analytics, you can compare your site with the competition. It’s called “benchmarking.”

Your 10% results may be poor, average or extraordinary depending on what other comparable websites are doing.

If you haven’t already done so, sign up for Google Analytics or have your webmaster do it for you.  It’s free and a great way to track vital information about the visitors to your site.  Not only can you find out where they came from (which search engines or links), you can tell which pages they visited, how long they stayed and their exit page.  For more information go to: http://www.google.com/analytics/indexu.html

All of the websites we design here at Creative Webs (with the exception of the one page) include Google Analytics.  If you’d like more information or just want to ask a question please contact us.

Do’s and Don’ts of Email Marketing

Saturday, January 17th, 2009

Email Marketing can be an inexpensive and effective tool for driving traffic to your website and/or brick and mortar business.  It can also turn off your customers and drive them away.  Here’s a few tips for getting the most from your email lists:

  1. Building your list.  Make sure you have permission from your customers before sending emails.  Too many businesses buy lists only to have them end up in the Spam box.  You don’t want your reputation to be tarnished by being seen as a Spammer!  Always include an “opt-out” for any Emails you send.  Offer your customers an incentive in exchange for their Email addresses.
  2. Ignoring Requests.  The importance of having an “opt-out” option on your Emails is worthless if you don’t update your database and honor those who wish to “unsubscribe.”  Your integrity and business image suffers as a result.
  3. Tracking Results.  Most Email programs available today allow you to track results within 24 to 48 hours.  It is important to evaluate the system before you sign up.  Does it allow you to track how many Emails were sent, successfully delivered and how many “click-thrus” resulted from the batch?  With all the options online today, it’s important to know what you’re buying.
  4. Frequency.  It is vital that you stay in your customer’s mind, however Emailing too frequently can guarantee either being ignored or ending up in the spam box once again.  If you’re sending coupons or offering special sales, monthly Emails or newsletters are a good rule of thumb.
  5. Purpose.  Before you design your Email, decide what action you want your customers to take.  Are you asking them to “click” to visit a website or to download a printable coupon?  Make sure that any links you send them to include links that can be tracked for reporting purposes.

Incorporating these five tips before doing an Email Blast can make your campaign more successful resulting in more dollars in your business bank account!

Good luck and Happy Emailing!

Mystore.com-Julian Lennon Invests

Saturday, January 17th, 2009

This came across my desk and thought I’d share…

LAS VEGAS, Nov. 29 – Today MyStore.com confirmed Julian Lennon, son of Beatles icon John Lennon, is among the group of private investors behind yourStore, LLC. The company owns and operates http://www.mystore.com, an online marketplace.

For the full story go to: InternetRetailer.com

Eyeglass site lets you “Try it on before you buy”

Saturday, January 17th, 2009

Eyebuydirect.com has incorporated an interactive tool that lets you upload your photo and try eye glass frames before you buy. Although this tool has been used by other sites previously, eyebuydirect.com allows you to get feedback instantly from the site’s community.

For more on this story go to InternetRetailer.com