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Showing posts with label 10 Tips for Online Business Success. Show all posts
Showing posts with label 10 Tips for Online Business Success. Show all posts

Sunday, July 11, 2010

Online Earning Tips

10 Tips for Successful Business Networking





Effective business networking is the linking together of individuals who, through trust and relationship building, become walking, talking advertisements for one another.


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Keep in mind that networking is about being genuine and authentic, building trust and relationships, and seeing how you can help others.

Ask yourself what your goals are in participating in networking meetings so that you will pick groups that will help you get what you are looking for. Some meetings are based more on learning, making contacts, and/or volunteering rather than on strictly making business connections.

Visit as many groups as possible that spark your interest. Notice the tone and attitude of the group. Do the people sound supportive of one another? Does the leadership appear competent? Many groups will allow you to visit two times before joining.


Become known as a powerful resource for others. When you are known as a strong resource, people remember to turn to you for suggestions, ideas, names of other people, etc. This keeps you visible to them.

Have a clear understanding of what you do and why, for whom, and what makes your doing it special or different from others doing the same thing. In order to get referrals, you must first have a clear understanding of what you do that you can easily articulate to others.

Be able to articulate what you are looking for and how others may help you. Too often people in conversations ask, "How may I help you?" and no immediate answer comes to mind.

Follow through quickly and efficiently on referrals you are given. When people give you referrals, your actions are a reflection on them. Respect and honor that and your referrals will grow.

Call those you meet who may benefit from what you do and vice versa. Express that you enjoyed meeting them, and ask if you could get together and share ideas.

Stephanie Speisman is a Success Coach who coaches groups and individuals in business networking skills based on her booklet "99 Tips for Successful Business Networking.


Monday, July 5, 2010

Earn with Website

10 Things Customers Want

on a Website

So you want your website to make you look big.

More power to you.

But the business experts I talked to recently say small is cool

with customers, too. Small businesses, they say, have a

personality, flavor and sensibility that big businesses can't match.

And when it comes to what you put on your website, they urge:

Don't be afraid to tout your smallness.


"Small businesses can have more fun with their sites, more

so than large corporations," says Alice Bredin, president of

Bredin Business Information, a Cambridge, Massachusetts,

company that helps large business-to-business companies

market themselves to small businesses. "A small-business

site needs to include something that reflects the creativity

and personality of its owner."

Maybe you're a couple working side-by-side in a spare

bedroom or a fourth-generation entrepreneur working to

someday hand it over to a son or daughter. Maybe you're

putting yourself through grad school. Or you operate from

a remote site in the hinterlands and you use only recycled

materials. Presented well on a home page and/or an

"About Us" section, all of these may have unique selling

points to customers.

"People want character; it has meaning," adds Kelly Cutler,

chief executive of Marcel Media, a Chicago-based Web

advisory firm. "How folksy you get depends on your industry.

" An attorney may not want to project an image of him or her

working on a leather sofa with a dog curled up nearby.

But that may work well for an artist or craftsperson, even an

architect, Cutler and others say.

Whatever your industry, "Tell your story online," Cutler says.

Customers want to know who you are and, if you lead a team,

who is on it and what they do. "You must talk about the team,

" Bredin seconds. "When there is nothing [on your site] about

who you are or who's on your team, people wonder about

whether you are a good company to buy from."

Here are the 10 most important things these experts say

customers want to know:

  1. How your business is unique
    Answer the question "Who are you?" as interestingly and compellingly (and honestly) as possible. This includes writing management bios that mention your expertise, years of experience and any unique attributes or details that may set you apart from others.

  2. You need to answer, Bredin says, "What is unique about your business? Why should I buy from you?" This is missing from many business sites because the owners haven't done the strategic thinking necessary to figure that out, she says.

    Be concise, too, Cutler adds. "You don't need to write a novel."
  3. A clear sense of what your company offers
    "It's incredible how many sites you visit and you're not sure what the company offers," Bredin says. Make it a priority on your home page to provide at least general information about your products and/or services, with links to specifics on a Products page.

    Many service-oriented companies, Cutler says, are concerned about divulging too much information about their offerings, for competitive reasons. Some also feel that consumers will have no reason to contact them by phone if they get all they need from the website. "There's a balance that needs to be reached" in giving the potential customer enough info to make a buying decision, she says. More often than not, consumers will not contact a company for the missing product information-- they'll just move on to a competitor.
  4. Contact information, including a phone number and physical location
    This may seem like a no-brainer, but many companies are purposely vague about their location. Some prefer to do all of their business online and see no need to publish an address or phone number. Others are home-based or they worry that giving a street address or hometown will somehow hinder them.

  5. "This is a must, and it's one small way of building credibility and trust" with the consumer, says Wayne Porter, co-founder of ReveNews, an online marketing publication, and former senior director of research at FaceTime, a business security solutions provider. "A phone number, a street address and even pictures go a long way toward building credibility."

    Showing a physical location, even one that no one will ever visit, comforts a customer that your business is real and legitimate, Bredin says. Provide a phone number that maps to that location, rather than just an 800 number, she advises.
  6. Third-party validation
    This means customer testimonials, client lists, case studies, awards and recognition you've received, positive news clippings and the like. Potential customers indeed want to know who you do business with, and what current customers have to say about their experiences. Such items "forge the underpinnings of trust," Porter says.

    Client lists are especially important if your customers are businesses. "If you've got some big-name customers, people like to see that," Cutler says. But make sure you get approval from those you list as clients, she adds.

    Porter adds that having a presence on social networking sites and blogs, especially those serving your industry, is an increasingly popular form of validation among customers. "Social networking now has strong validation," he says.
  7. Secure Socket Layer (SSL)
    SSL is an encryption system that helps protect the privacy of data exchanged between a customer and a website. If you have an e-commerce site that takes credit card information, customers want to know that their sensitive data is encrypted. Get SSL if you don't have it. If you do, let customers know that and about any other safeguards you proactively take.
  8. Ease of use and navigation
    If people can't find it, they can't buy it. Porter advises keeping sites "crisp, clean, and easy to navigate," but also for site owners to study traffic and usage patterns to adjust their sites based on what visitors are coming for. "The ability to search a site is very important," he says. "Businesses should study their search data to see if there are trends and what to make front and center."
  9. Clear guidance on your processes
    Let customers know, step-by-step, important things such as how to order--and where to go and what to do should something happen out of the ordinary. Customers also want to know your shipping costs and procedures and how they can get status reports. (Don't list your shipping costs and procedures after people enter their credit card information, Cutler urges.) Last but not least, customers want to know how you handle complaints and problems, return procedures and whether you have a money-back guarantee.

    Your processes can be described in a FAQ (frequently asked questions) page or separate "how to order," shipping and/or confirmation pages. Include a way customers can contact your business or fulfillment agency for more information.
  10. An ability to give feedback
    Encourage feedback about your products and services, your ordering process and your site in general, by providing a feedback mechanism--either feedback forms or e-mail links. Not every small business prefers to offer this, in some cases because of resource constraints. "You definitely want to look at how and what feedback to gather, and you should consider offering an incentive or perk [to the customer]," Porter says. "You might get some good stories to feature on your site or in your blog."
  11. Clear calls to action
    Customers want signs or buttons in order to act, be it "Buy now" or "Sign up for our newsletter" or "Click here for more information." But many small-business sites don't provide calls to action or they don't present them clearly enough, Cutler says. "This is one of the biggest things that nags me," she says. "If you have a captive audience, this is the time to grab them!"
  12. Special offers and personalization
    By personalizing a sale with a special offer, incentive or coupon, small businesses can gain an edge on their bigger counterparts, Porter says. "This can be as simple as a hand-written thank-you note, free gift wrap services or a special offer for repeat business.

    "Having a personalized touch," he says, "is something small businesses can do that many big businesses can't."

Monday, April 19, 2010

Online Business Success


What can YOU do to stand out in the clutter and achieve E-Success?
We think the following 10 tips can substantially increase your chances of online business success:
  1. Target the Un-Targeted:
    Know your customers thoroughly and target those needs that are unseen by your competitors.

    eBay is a bright example. eBay was quick to recognize peoples' desire to earn economic profits by trading second-hand products. eBay realized the need for a platform where such buyers and sellers could meet and trade. ECommerce technologies helped eBay to create the required platform required and the rest is history.

    When you are new to online business- Start Small but Start Right.

  2. Strong Business Planning:
    Have complete knowledge of your revenue source, break-even duration and other important strategic details from the beginning, and decide on the milestones that are to be achieved. You should know the right moment to expand your business and plan for future sources of revenue.
  1. Business Friendly ECommerce Software:
    Always choose software that is easy to manage and allows you to focus on your core business activities.

    Choose an ECommerce solution that fits your business requirements. Analyze ECommerce software in terms of its scalability, security and the amount of customization allowed.

    Invest in a solution that not only meets your present requirements, but also is capable of accommodating your future business needs.

  2. Create a Web Store with a Difference:
    Visual memory is more enduring than textual memory. Correct branding is important for the success of your online business. Increase your brand recall by creating an estore that is in tune with the likes and dislikes of your targeted customers.

    Learn more about your customers and create unique branding by using distinct color combinations, site layout and innovative logo. Attractive display of your domain name can also play an important role in branding your online store.

    Be different (but not vague) in order to create a positive appeal in the minds of your customers for achieving esuccess.

  3. Make your “Hot Sellers” most Visible:
    Attract a customer and advertise your USP first.

    Create your estore in such a manner that when a visitor leaves your online store, s/he is aware of your specialty even if they do not intend on purchasing those products.

    To clarify: Let us assume you are an online flower vendor specializing in selling fresh red roses. Create your online storefront in a way that when a visitor leaves your storefront, s/he is aware about your specialty even though he may not have seen the Red Roses section. So the next time the visitor intends to buy red roses, they will be very likely to recall your storefront.
  1. Highlight your best product/service first in your estore.

  2. Do not let your Customers forget you:
    Customer Relationship Management is of prime importance, especially when you are small and struggling to build a persistent customer base. Develop innovative ways to inform past customers about new products and the latest updates to the web store. Your chosen ECommerce solution should have provisions for incorporating various CRM campaigns. Adopt Innovative communication for communicating with your customers.

    Pamper your customers to generate permanent sales in order ensure the success of your online business.

  3. Increase your Web Presence:
    Make your presence felt by carrying out intelligent marketing over the Internet. Performsearch engine optimization (SEO) for your site, since the majority of buyers visit websites after spotting them come in the first three or four pages of search engine results. You can either hire professional services or carry out Internet marketing by yourself.

    Associate yourself with web sites providing complimentary products or services on the Internet. This helps you in increasing your web presence both for search engines and for your customers.

    Intelligent marketing alone will get you customers.

  4. Build Robust Backend Operations:
    Backend operations are the backbone of your online storefront. Spend time in analyzing the back end operations provided by the ECommerce software. Features such as Inventory management processing, credit card processing, reporting systems etc. will shape your first impression.

    All your backend operations are expected to be accurate, scalable and provide real time data. Your choice of ECommerce solution would largely determine the strength of your backend operations.

    A potential threat to your ECommerce operations is systems failure owning to faulty backend operations. Ensure the existence of a strong backend platform before opening for business.

  5. Learn Faster and Better:
    To err is human, but failing to cover yourself and allowing your competitors to exploit your loopholes, is suicidal and is a major threat to E-Success.

    Always have an unbiased assessment of your online business and be prepared to spot your mistakes. Learn the art of covering your mistakes and rectify them before your competitors come to know about them.

    Business is all about speed. Speed is essential in identifying and rectifying mistakes. You need to learn about your loopholes and mistakes faster than your competitors and rectify them effectively.

  6. Surprise your Customers:
    Surprise your customers with frequent changes in your business offerings. Add incentives by providing surprise offers, price discounts etc.

    Your estore can also help to add life to your business enterprise. Perform regular enhancements to look and feel, the display of products etc of your online storefront. Make changes that do not detract from the brand image in the minds of your customers. Make sure, as well, that the changes are not unattractive or are too frequent.

    Constantly innovating while remaining focused on your business goals will lead to success in your online business.

 

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