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Archive for the business Category

Your Website: Good News, Bad News and Money

No one can do it all.

The title says it all. The good news is that you don’t have to worry about getting everyone on earth to come and peruse your site. The bad news is that you do have get the people who spend money with you to come to it, and that takes money. Sounds like you’re still at square one, doesn’t it? Let’s talk about this for a minute.

Remember this: The Internet isn’t free if you’re trying to get customers. If you are a customer looking to buy, then it costs less – yes, your customers pay, too. They have to pay for access (cable, wireless, etc.), buy a computer, pay for anti-virus software (you don’t need it if you don’t connect) and, above all, they “spend” their most precious commodity - time - looking for information, products and services. If you want them to visit your site, make it worth their time and money whenever they “stop by.” Always remember that a website is not a brochure and it needs updating often to offer real value.

The Internet is an advertising medium and advertising costs money. In the beginning it was a communications tool for computer scientists and geeky folk. Now it’s the backbone of international commerce and consumer choice. Just as you pay for brochures and magazine ads, you have to pay for Internet advertising. How so? Google AdWords, site construction, consulting on building traffic, and so on, all cost time and money. Even if you do it yourself, it’s not free. What do you make per hour? Every bit of time you spend building a website is an hour you’re not earning money.

Like any advertising, there are ways to keep the costs down, but you still pay and that’s the real point: Not investing properly in your Internet “properties” shows a poor return on whatever you spend. Consider these two scenarios:

A. Let’s say you spend $5,000 to get a really cool website built by your hotshot nephew. He’s been to tech school and can make it do some amazing stuff. Your site looks like a playground in a monitor. You launch it and, by using free Google Webmaster Tools, you find out hardly anyone is coming to it, and those who do barely hang around. There can be many reasons but, for this story, let’s go with the assumption your nephew is not trained in graphic design or visual communication techniques and knows less about advertising copy writing. Your website is the equivalent of a child’s picture book that’s really interesting at first, but soon loses its appeal. A major function of your site is to be an advertisement (and usually a cash register, too), and if function follows form or technique, you’ll likely be disappointed.

B. Let’s say you spend $500 to get a site built and, even though “it ain’t pretty,” the traffic is good … at first. You check the Google tools and see that you are way off your peak visits and dropping. You remember that you haven’t put any new content up since you posted the site. People have seen it and have moved on. Fresh content keeps them coming back. That’s why the major networks like CBS, CNN, The New York Times and myriad other sites do well - they keep fresh content coming. Even if it’s just a new weekly coupon, your loyal customers will keep checking.

These days, there are four groups that you really need to consider if you’re creating a new site or getting ready to revamp your current site:

1. Coders: Technical folks who build your site and make it work and connect. Websites are programs that display their results graphically.

2. Designers: If they’re good they guide visitor’s eyes where you want them to go. From my (long and sometimes bloody) experience, many designers aren’t good coders and vice versa (I’m going to get hate mail on that - sorry, but it’s true). A designer is trained in visual communication that’s art and graphics based, an important skill that isn’t inherent to web coding.

3. Search engine optimization (SEO) experts: Most coders say they know SEO, and some do, but it’s a sophisticated discipline that’s more like statistical research and psychological profiling. It’s darn near a black art at times, but there’s a real craft to doing it well and a marketing background is a real plus.

4. Content providers: You still need folks to write persuasive copy and figure out what people want. Your site is a lot like a magazine in that you want folks to read what’s there, look at the pictures and come back every “issue” through subscriptions. You might say, “We do videos.” Who writes your script? Whether read or spoken, it requires special skills to be compelling.

Are there people who do all these well? Sure, but they’re rare and their rates make many folks gasp. My strong suits are numbers two (design), and four (content creation). I provide content including advertising copy, strategy, graphic/art direction, feedback measurement systems and creative campaigns. I also am very well versed in visual communication, meaning I know how to guide the eye around the page to make sure they “get” the most important things.

I’m okay at search engine optimization issues but don’t hesitate to get help because it is critical to getting a great return on your investment and eyeballs on your site. How am I at coding and actually constructing a website? Lousy and I have no desire to do it because, well, I do other things much better.

Can you do all these things? Probably not, so be honest with yourself, move some money around in your advertising budget and get folks who know how to do these things. Remember that it’s an investment, not an expense. Given that around 97% of people go the Internet first to find products and services, it’s just smart business to do it right and ensure that they think of your site as a reliable place to go.

Want More Customers? Reach Out.

This post is about your 80/20 and something much more valuable in your life. Most of you know the old saw about 80% of your business coming from 20% of your customers or clients. This is about your having a larger, more loyal 20% and getting benefits worth far more than the coins they give you.

A Lexington millionaire I knew (who, despite being twenty years my senior, often kicked my butt on the racquetball court) said he became rich by spending an hour a day doing one thing: Calling his best customers regularly just to say “Hi.” He explained that, “People do business with folks they know, like and trust. Without building a relationship, they can’t know, like or trust you. It’s up to you to reach out to them. After all, the most popular people are the ones who go out of their way to be friendly. That’s why they’re popular - they make everyone else feel genuinely important.”

He said to avoid long calls to show respect for their time, and that leaving a message just to say “Hello” was often just as beneficial. After you’ve called a few times, they’ll welcome your call because they’ll know you only want to check in. Some will look forward to the call the way we look forward to a birthday card (and you can collect birth dates, too, as you call).

Creating friendships is a natural part of business that is often overlooked. Regularly reaching out as a friend to the people who are your best customers benefits both sides of the equation; it’s about win-win, so show the 20% some love. You don’t have to send gifts, just call to say “Hi,” ask about their family and so on. The more you do this the better you know them, and you’ll become familiar with folks you never expected to become friends with. For those folks who aren’t in your 20%, maybe it’s because they have no reason to think of you; call and give them one.

To be effective and to show folks you are genuinely interested in them requires consistency. One method to keep on track with this year-after-year is to take your address book (physical or electronic) and create a spreadsheet with everyone on it. Then divide them up into twelve groups to call in twelve months. Call them some time that month, but don’t wait ’til month’s end because most folks are busy then. Better still, call at least twice a year.

What to say when you call? Tell them about something cool that’s coming up before anyone else knows. Ask how you can help without asking for a sale, or call about an event they might be interested in (a charity fun run/walk, a bake sale, a Big Lebowski bowling event, etc.). Maybe asking for an opinion (vs. professional advice) on something you’re involved with outside their specialty; this avoids looking like you’re trying to poach free service. Maybe you meet for coffee or rendezvous at a meeting or event. Whatever works for you.

You can keep it strictly to business, too. Check on their account or orders or whatever as a pretense to call. Or, call and explain that you do this occasionally just to see how your business is doing in their eyes (you should do that in any case). If they haven’t ordered in awhile, calling just to say “Hi” is even more important. Sure, Facebook is cool and easy, but one-to-one contact between two humans is much more powerful than a poke or a wall post. Do this in addition to social media to multiply its effect and bridge the time between calls.

If you do this year-in and year-out, you’ll get a lot more than sales. You’ll get the satisfaction of helping someone else and the one thing that makes life its richest: Friends.

Doing Good and Doing Well - Here’s an Idea

If you are in business for yourself or own a business, you have to be promoting yourself all the time. There is increasing competition for an ever-shrinking pool of business. It’s tougher today than a decade ago if for no other reason than advertising and marketing is so fractured. As I’ve written before, these days, it comes down to time or money. That is, if you don’t have the money to do a big, sustained advertising campaign, then you have to invest the time to do it yourself.

Advertising today is a lot like megaphones:
• If you have a lot of money, you can buy a PA system and hire someone to run it for you. You can even hire someone to do the talking.
• If you have some money you can buy a large electronic megaphone that even has a horn or siren to get folks attention.
• If you don’t have any budget, you pick up the nearest thing that looks like a cheerleader’s megaphone and start running around and yelling. Hello Facebook, blogs, meetings, etc.

Most of us fall into category two or three. That means we have to find publicity wherever we can. Want to get some attention from the media and burnish your reputation? Do something for the community. Don’t just run out and have a bake sale - have a cause you believe in first. In this day and time, many agencies are going wanting due to thin budgets and thinner staffs and will welcome any help they can get.

No, this isn’t some cynical operation that you do because it’s good for business – you do it because people need help. Still, the glow from a charitable act will net you good will and you’ll make some new friends. Friends are about the most important asset for any business. Beyond that, will it make a lasting difference in one person’s life? Yes? Then that’s all you need to know.

Pick something you feel strongly about like cancer, autism, the environment, education, the arts, women’s rights, animal welfare, inner-city programs, youth in music (one of my favorites) or whatever pulls strongly at your heart. Write a mission statement that says what you want from the event, why you’re doing it, who it will help and how much you think it might help and how. Update the mission statement often as you’ll find new things as you go along – the ending will likely be different and better than you planned.

From this planning, you’ll have an idea of what you can raise or do for the event. Is the goal to raise money? Raise awareness? Get material or goods (e.g., pet food for the Humane Society)? The sponsoring agency will give you guidance as to what is most helpful. Plug this into your mission statement.

Once you’ve written down your goals and plans, then go to an organization who is usually attached to these causes (if there is one), share what you’ve written and see what kind of help they’ll give you. Try to find a co-sponsor who’ll help, too, before you go; many hands make for light(er) work.

Next, plan your event and pick a theme. Get help and figure what it’s going to cost, where to have it, etc. This is where an event planner comes in handy. You’ll have to think about everything from sanitation to seltzer water. Whatever the event, you’ll likely need at least a few months to plan and execute.

What event should you plan? That’s up to you and your planner. Stage a fishing or golf tournament, a picnic or barbecue, a pool party, cookware event, a gourmet hors d’oeuvres party, a wine tasting - something that helps folks walk away happy (and not just because of the wine). Since it will likely start with friends, you know what they like, so plan something you’re familiar with and it will be easier for you.

Then, build your list of people to invite and determine how many you realistically think will come. If you’re not sure, call a bunch of friends and ask them to see if they’d be interested. You might get a volunteer or two calling their friends. Check with the organization you’re doing it for as they’ll likely have an idea, too. If all your friends invite their friends, and their friends invite only half their friends, that could be a good number.

Then go back to your mission statement and use that to create your publicity plans and your press releases. It will inform everything and everyone about why you’re embarking on this madness. Try to find one person in the media (reporter, DJ, public relations agent, etc.) and get their advice and names of helpful folks. The agency you spoke with can usually help you with that.

After that, when you’re about three months out, send press releases out to all the media you can think of and follow up regularly with with new items (don’t rehash the old - make it new). Again, work with the sponsoring agency (if there is one involved) and get help on publicity from them - they might be able to  accomplish many times what you can. Keep calling and get help arranging for any publicity you can find. There’s no shame in attaching your company’s name and your co-sponsor’s to this whole thing. (Alltech has their name all over WEG, and rightfully so, thank you Dr. Lyons.)

This is just a snapshot and, realistically, doing any public event is tough. It doesn’t have to be something with thousands of folks. Sometimes small events with a unique or outrageous flavor get more attention - be creative.

If you handle it well the rewards you’ll feel as an individual will be huge (food for the soul), the benefit to the community will be greater and, who knows, you could start an annual event that becomes legendary. You’ve heard of the Kentucky Derby, right?

Want some more ideas? Need help with marketing or advertising? Call me or use the contact form at the bottom of the page at the Frank Communications website.