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Business Tips To Help You Succeed.
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by Jack Humphrey
http://power-linking-profits.com
GENERAL IDEAS
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Never let a day
pass without engaging in at least one marketing activity.
-
Determine a
percentage of gross income to spend annually on marketing.
-
Set specific
marketing goals every year; review and adjust quarterly.
-
Maintain a
tickler file of ideas for later use.
-
Carry business
cards with you (all day, every day).
-
Create a
personal nametag or pin with your company name and logo on
it and wear it at high visibility meetings.
TARGET MARKET
-
Stay alert to
trends that might impact your target market, product or
promotion strategy.
-
Read market
research studies about your profession, industry, product,
target market groups, etc.
-
Collect
competitors’ ads and literature; study them for
information about strategy, product features and benefits,
etc.
-
Ask clients why
they hired you and solicit suggestions for improvement.
-
Ask former
clients why they left you.
-
Identify a new
market.
-
Join a
list-serve (email list) related to your profession.
-
Subscribe to an
Internet usenet newsgroup or a list-serve that serves your
target market.
PRODUCT
DEVELOPMENT
-
Create a new
service, technique or product.
-
Offer a
simpler/cheaper/smaller version of your (or another
existing) product or service.
-
Offer a
fancier/more expensive/faster/bigger version of your (or
another existing) product or service.
-
Update your
services.
EDUCATION,
RESOURCES AND INFORMATION
-
Establish a
marketing and public relations advisory and referral team
composed of your colleagues and/or neighboring business
owners to share ideas and referrals and to discuss community
issues.
-
Meet quarterly
for breakfast.
-
Create a
suggestion box for employees.
-
Attend a
marketing seminar.
-
Read a marketing
book.
-
Subscribe to a
marketing newsletter or other publication.
-
Subscribe to a
marketing list-serve on the Internet.
-
Subscribe to a
marketing usenet newsgroup on the Internet.
-
Train your
staff, clients and colleagues to promote referrals.
-
Hold a monthly
marketing meeting with employees or associates to discuss
strategy, status and to solicit marketing ideas.
-
Join an
association or organization related to your profession.
-
Get a marketing
intern to take you on as a client; it will give the intern
experience and you some free marketing help.
-
Maintain a
consultant card file for finding designers, writers and
other marketing professionals.
-
Hire a marketing
consultant to brainstorm with.
-
Take a
"creative journey" to another progressive city or
country to observe and learn from marketing techniques used
there.
PRICING AND
PAYMENT
-
Analyze your fee
structure; look for areas requiring modifications or
adjustments.
-
Establish a
credit card payment option for clients.
-
Give regular
clients a discount.
-
Learn to barter;
offer discounts to members of certain clubs/professional
groups/organizations in exchange for promotions in their
publications.
-
Give "quick
pay" or cash discounts.
-
Offer financing
or installment plans.
MARKETING
COMMUNICATIONS
-
Publish a
newsletter for customers and prospects. (It doesn’t have
to be fancy or expensive.)
-
Develop a
brochure of services.
-
Include a
postage-paid survey card with your brochures and other
company literature. Include check-off boxes or other items
that will involve the reader and provide valuable feedback
to you.
-
Remember,
business cards aren’t working for you if they’re in the
box. Pass them out! Give prospects two business cards and
brochures -- one to keep and one to pass along.
-
Produce separate
business cards/sales literature for each of your target
market segments (e.g. government and commercial, and/or
business and consumer).
-
Create a poster
or calendar to give away to customers and prospects.
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Print a slogan
and/or one-sentence description of your business on
letterhead, fax cover sheets and invoices.
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Develop a site
on the World Wide Web.
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Create a
"signature file" to be used for all your e-mail
messages. It should contain contact details including your
Web site address and key information about your company that
will make the reader want to contact you.
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Include
"testimonials" from customers in your literature.
Test a new mailing list. If it produces results, add it to
your current direct mail lists or consider replacing a list
that's not performing up to expectations.
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Use colored or
oversized envelopes for your direct mailings. Or send direct
mail in plain white envelopes to pique recipients'
curiosity.
-
Announce free or
special offers in your direct response pieces. (Direct
responses may be direct mail, broadcast fax, or e-mail
messages.) Include the offer in the beginning of the message
and also on the outside of the envelope for direct mail.
MEDIA RELATIONS
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Update your
media list often so that press releases are sent to the
right media outlet and person.
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Write a column
for the local newspaper, local business journal or trade
publication.
-
Publish an
article and circulate reprints.
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Send timely and
newsworthy press releases as often as needed.
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Publicize your
500th client of the year (or other notable milestone).
Create an annual award and publicize it as an outstanding
employee of the year.
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Get public
relations and media training or read up on it.
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Appear on a
radio or TV talk show.
-
Create your own
TV program on your industry or your specialty. Market the
show to your local cable station or public broadcasting
station as a regular program. Or, see if you can air your
show on an open access cable channel.
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Write a letter
to the editor of your local newspaper or to a trade magazine
editor.
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Take an editor
to lunch.
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Get a publicity
photo taken and enclose with press releases.
Consistently review newspapers and magazines for possible PR
opportunities.
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Submit
"tip" articles to newsletters and newspapers.
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Conduct industry
research and develop a press release or article to announce
an important discovery in your field.
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Create a press
kit and keep its contents current.
CUSTOMER SERVICE
AND CUSTOMER RELATIONS
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Ask your clients
to come back again.
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Return phone
calls promptly.
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Set up a
fax-on-demand or email system to easily respond to customer
inquiries.
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Use an answering
machine or voice mail system to catch after-hours phone
calls. Include basic information in your outgoing message
such a business hours, location, etc.
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Record a
memorable message or "tip of the day" on your
outgoing answering machine or voice mail message.
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Ask clients what
you can do the help them.
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Take clients out
to a ball game, a show or another special event just send
them two tickets with a note.
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Hold a seminar
at your office for clients and prospects.
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Send
hand-written thank-you notes.
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Send birthday
cards and appropriate seasonal greetings.
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Photocopy
interesting articles and send them to clients and prospects
with a hand-written "FYI" note and your business
card.
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Send a book of
interest or other appropriate business gift to a client with
a handwritten note.
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Create an area
on your Web site specifically for your customers.
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Redecorate your
office or location where you meet with your clients.
NETWORKING AND
WORD OF MOUTH
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Join a Chamber
of Commerce or other organization.
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Join or organize
a breakfast club with other professionals (not in your
field) to discuss business and network referrals.
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Mail a brochure
to members of organizations to which you belong.
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Serve on a city
board or commission.
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Host a holiday
party.
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Hold an open
house.
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Send letters to
attendees after you attend a conference.
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Join a community
list-serve (email list) on the Internet.
ADVERTISING
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Advertise during
peak seasons for your business.
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Get a memorable
phone number, such as "1-800-WIDGETS."
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Obtain a
memorable URL and email address and include them on all
marketing materials.
-
Provide Rolodex®
cards or phone stickers pre-printed with your business
contact information.
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Promote your
business jointly with other professionals via cooperative
direct mail.
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Advertise in a
specialty directory or in the Yellow Pages.
Write an ad in another language to reach a
non-English-speaking market. Place the ad in a publication
that market reads, such as a Hispanic newspaper.
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Distribute
advertising specialty products such as pens, mouse pads or
mugs.
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Mail
"bumps," photos, samples and other innovative
items to your prospect list. (A bump is simply anything that
makes the mailing envelope bulge and makes the recipient
curious about what’s in the envelope!)
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Create a direct
mail list of "hot prospects."
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Consider
non-traditional tactics such as bus backs, billboards and
popular Web sites.
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Project a
message on the sidewalk in front of your place of business
using a light directed through words etched in a glass
window.
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Consider placing
ads in your newspaper’s classified section.
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Consider a
vanity automobile tag with your company name.
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Create a
friendly bumper sticker for your car.
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Code your ads
and keep records of results.
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Improve your
building signage and directional signs inside and out.
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Invest in a neon
sign to make your office or storefront window visible at
night.
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Create a new or
improved company logo or "recolor" the traditional
logo.
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Sponsor and
promote a contest or sweepstakes.
SPECIAL EVENTS
AND OUTREACH
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Get a booth at a
fair/trade show attended by your target market.
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Sponsor or host
a special event or open house at your business location in
cooperation with a local non-profit organization, such as a
women's business center. Describe how the organization
helped you.
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Give a speech or
volunteer for a career day at a high school.
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Teach a class or
seminar at a local college or adult education center.
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Sponsor an
"Adopt-a-Road" area in your community to keep
roads litter-free. People that pass by the area will see
your name on the sign announcing your sponsorship.
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Volunteer your
time to a charity or non-profit organization.
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Donate your
product or service to a charity auction.
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Appear on a
panel at a professional seminar.
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Write a
"How To" pamphlet or article for publishing.
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Produce and
distribute an educational CD-ROM, audio or video tape.
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Publish a book.
SALES IDEAS
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Start every day
with two cold calls.
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Read newspapers,
business journals and trade publications for new business
openings and for personnel appointment and promotion
announcements made by companies. Send your business
literature to appropriate individuals and firms.
-
Give your sales
literature to your lawyer, accountant, printer, banker, temp
agency, office supply salesperson, advertising agency, etc.
(Expand your sales force for free!)
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Put your fax
number on order forms for easy submission.
-
Set up a
fax-on-demand or email system to easily distribute responses
to company or product inquiries.
-
Follow up on
your direct mailings, email messages and broadcast faxes
with a friendly telephone call.
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Try using the
broadcast fax or email delivery methods instead of direct
mail. (Broadcast fax and email allows you to send the same
message to many locations at once.)
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Using broadcast
fax or email messages to notify your customers of product
service updates.
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Extend your
hours of operation.
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Reduce
response/turnaround time. Make reordering easy reminders.
Provide pre-addressed envelopes.
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Display product
and service samples at your office.
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Remind clients
of the products and services you provide that they aren't
currently buying.
-
Call and/or send
mail to former clients to try to reactivate them.
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Take sales
orders over the Internet.
--------------------------
Jack Humphrey is the Author of "Power linking 2:
Evolution"
which hit the net this week to rave reviews. Grab your copy
before your competition does at http://power-linking-profits.com
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