Web Hosting, Networking and Growing -- What a July!

In the month of July, the blog focused significantly on resources, tips and tricks for new businesses. As we wrap up the month -- partly in denial, it can’t possibly be August next week -- we’re taking a look back at the topics we covered.

Preparing your Small Business for Growth

Last week, we shared four tips for staying grounded while your business takes-off. Growth is a positive piece of your business’s puzzle and in order to convert it into success, you have to be ready.

Understanding Affordable Web Hosting

Christian Habermann joined us as a Guest Blogger in mid-July to offer guidance for finding affordable web hosting. He discussed factors to consider during a web host search while keeping in mind your business’s needs.

Timeless Success for Small Business

Mid-month we spoke with an owner whose BBB Accredited -- family owned and operated -- business is celebrating their 200th anniversary in 2015. Michael Monahan feels that customers should be top-of-mind at all times and credits their long-time success to caring for their community. Congrats again to Monahan & Co. on your longstanding success!

Master Time Management and Give your Business a Boost

Guest blogger, Adam Koncius of Koncius Digital Marketing brought us suggestions for the business owner doing juggling acts to establish and sustain their business. Adam pointed to time management as the key to streamlining tasks both big and small.

Networking for your New Business

Adam also kicked-off July for the blog with his guest post about the importance of building a strong network. He addressed educating people about your business to create opportunity for securing clientele as well as staying in the forefront of the marketplace.

Is your business less than 1-year old? Join a community of trustworthy businesses and build a positive reputation while you grow your enterprise as a member of the New Business Sponsor Program. Is your business more established? Get Accredited with BBB as part of your formula for success.

For more information you can trust, visit us at bbb.org/boston, like us on Facebook, or follow us on Twitter and LinkedIn.

Preparing your Small Business for Growth

Your business is busy trying to deliver a solution while standing out in a crowded marketplace and keeping up with developments in your industry -- it can be exhausting. Things like your brand can sometimes get lost in the happy-to-have but crazy commotion that is growth. 

Here are a few tips for staying on track while your business is making moves: 

Set distinct goals. To improve and maintain traction in the marketplace you must set goals. An easy starting point: write down your business objective and then break down how this objective will be met. Make your business goals clear and definitive and most importantly, relevant. Establish who is responsible for meeting each aspect of the objective as well as a timeline, so that everyone is held accountable as your business evolves. As time and circumstances allow, employ analytical tools to evaluate what’s working and what needs tweaking. 

Understand your market. In order for a business to grow, doing your due diligence with market research is a must. It helps you understand your industry, competition and target customers. To start, conduct an internet search using trustworthy and credible sources. For more tailored results, connect with your customers through surveys, q&a's and focus groups. Once you have a stronger understanding of the customers who make up your demographic, reach out to them regularly via a blog or email newsletter. Interact with them on social media and most importantly, listen. Encourage your customers to give you feedback and embrace it as a way to celebrate and/or improve your business endeavors. 

Be the brand. Ensure your employees are educated -- and receive continued education -- on the business’s key points and purpose. You and your team are the best branding tools imaginable. Take advantage of this and empower your colleagues to bring the brand to life. They can communicate about your brand confidently and accurately while your business evolves. Developing an elevator pitch is a great way to give an employee a springboard for how they present themselves and represent your business in the community. 

Anticipate change. Change will happen. Be thoughtful of your core principles while you do your best to roll with the punches. You’ve made an investment and it’s important not to allow it to be lost in a changing marketplace. Staying true to your point of view will allow you to further strengthen relationships with your existing community while at the same time earning the trust of prospective clients. 

Are you a rising new business less than a year old? Apply to become a New Business Sponsor. The program will arm you with the tools you need to keep up with your business’s growth. Is your business more established? Get Accredited with BBB as part of your formula for success.

For more information you can trust, visit us at bbb.org/boston, like us on Facebook, or follow us on Twitter and LinkedIn.

The Importance of Knowing your Competition

It’s a competitive world and nowadays there are more options than ever for consumers.  As a small business owner it is important to know who you are up against and what you can do to stay competitive in the market.  The best way to accomplish this is to know who your competition is and what they are doing.  Here are a few tips on how to stay in the know.

Use the Internet – Set up Google alerts and search for keywords that relate to your industry – or specific competitors – as well as your own company.  You will be kept informed anytime someone pops up in the news.  Also, use social media outlets such as Facebook, Twitter, and LinkedIn to see what customers and the general public are saying.  

Look within the Business – Check out the competition's website to see how they are marketing themselves.  Research who they have on staff and if they are hiring for any new positions. This will tell you how big the company is and what resources they have to run their business.  If they are hiring, you can examine the request and see who they are looking to bring on and for what purpose.  This also allows you to see what benefits and salaries they are offering so you can stay competitive.  

Ask your Clients – One of your best resources for learning about your competition is your customers.  Talk to them about who they have worked with in the past and what they liked and disliked about them, as well as what they are looking for in your business. Likewise, do this if you happen to lose a customer.  You want to know why they may choose to look elsewhere – better pricing, friendlier service, etc – and improve for next time.

Are you a rising new business less than a year old? Becoming part of the New Business Sponsor Program will provide you with the tools you need to keep a leg up on the competition. 

For more information you can trust, visit us at bbb.org/boston, like us on Facebook, or follow us on Twitter and LinkedIn.

Written by: Adam Koncius, Koncius Digital Marketing

What Motivates a Customer to Buy?

What motivates a customer to buy from one company and not another? Do you know why your customers buy from you? If not, here are some motivating factors they consider when choosing a company to do business with. 

Convenience: This can be provided in a number of ways, such as the hours you're open, your method of delivery, a user-friendly website, and/or your physical location. If you make the buying experience convenient for your customers, then they're more likely to pay a premium for your service or product. 

Best Value for the Price: Everyone is watching their pennies these days, so price does matter. Prospective customers will most often seek out the best product or service if the price is right. In addition, if they perceive the benefits being offered by two competitors to be the same, a customer will choose price as the tie breaker.

Personal Attention: Potential customers are more likely to buy if your employees are courteous, helpful and attentive. Make them feel as though they are the most important person in the world.

Ease of Buying: Do you make it easy for customers to buy from you? For instance, is your ordering process user-friendly? If you have a storefront or office, is parking convenient and accessible? When someone calls your business, do they have to go through a maze of prompts before they reach a live person? All of the above will either entice or deter a potential customer from buying your product or service. 

Honesty and Integrity: This is very important to customers who may have had a bad experience with one of your competitors. To ensure "peace of mind", make it be known to your customers that you're BBB Accredited by using our logo in your advertising and marketing materials.

How to Help Customers Find You

Think about the last time you wanted to make a purchase that required some research, whether it was a new car, a new TV, some furniture, or a bike for your child. What was the very first thing you did? If you’re like most people, your answer can be summed up in one word: Google. When consumers are in the early stages of buying something, they are likely to turn to Google. So how can you use this to your advantage? Read on for some ways to make yourself more visible online and offline.

Online Commenting. This is a very effective way to drive traffic to your website. Write brief but meaningful comments on sites that are relevant to your business. You can also write reviews of books about your industry on sites like Amazon or Google Books. Participating in this type of online discourse will allow you to network with other likeminded people in your field, and eventually make your name more recognizable on the web. Furthermore, frequent commenting on well-chosen sites can increase the likelihood that people will find you on search engines like Google.

YouTube and Podcasts. These are valuable resources for you to use in your search for new customers. Do not dismiss YouTube as solely a website for young people watching viral videos. Many businesses are now using YouTube channels to post all kinds of videos such as tutorials, product demonstrations, and mini-advertisements. Include the link to your website so viewers know where to go for more information. The same goes for podcasts; for people on the go, they are a necessity. Consider using this medium to communicate with not only prospects, but current customers as well.

Smartphone apps. Apps are a must for any brick and mortar business. By registering for popular apps like FourSquare, Google Places, Yelp, and GoWalla, you can take advantage of the ever increasing use of smartphones by current and potential customers. Most of these apps are available for iPhones as well as Android and Blackberry phones. People use these apps not only to find the location of a business, but also to link to the business website and read reviews by other users.

Here are some more ways:

Signage on cars
Fun signage/banner/T-shirts for your clients to display
Testimonials
Online/printed Reviews
Follow up cards, emails and phone calls
Seasonal promotions for your community
Sponsor charities and causes in your community
Weekly workshops and/or presentations in community hubs
Partnering with other businesses
Referral exchange – where you refer business to them and they refer business to you.
Sporting/community event meet and greet
Offer online/offline contest and give-a-ways
Joining or starting organizations and clubs

Many of the methods listed above are low-cost ways to help customers find you. Make the most out of your online presence, but don’t forget to also make it easy for your local community to find you offline as well.

What have you done to help your customers find you?

Good Business Practices – Tips for Securing Customer Loyalty

As the saying goes in the world of marketing: “It’s more expensive to bring in new customers than it is to retain them!” Here are some tips for keeping your customers coming back for more:

Show Your Manners. Customers appreciate companies that thank them for their business, and it always helps to be courteous when you do. A personal note or small gift will also do wonders for maintain customer loyalty.

Listen! Businesses may think they listen to what their customers want, but quite often they don’t. How many times have you tried selling something because it’s a larger sale instead of what they actually need? In those instances, guess what? The customer will take their business elsewhere- to your competitor down the street.

Stay in Touch. Make it a point to contact your customers regularly by offering coupons, discounts, and other notifications (your least costly form of communication is by email). Remember, however, not to inundate your customers’ inbox's because the opposite of what you want will happen- they’ll eventually stop reading altogether everything you send them.

Train Your Staff About the Importance of Customer Service. Empower your employees with the ability to make decisions regarding customer service, particularly when management is not around. Set guidelines for what staff can and cannot do that will “wow” the customer- but also won’t break the bank.

Always Add Value. Offer extras your competitor isn't, be it additional training time, a free estimate, a discount on another purchase or a promotional item. What customer wouldn't want to come back if freebies are offered!

Following these few practices should create great relationships between you and your customers.

What Motivates a Customer to Buy?

For more tips, please visit, http://www.bbb.org/us/.

Small Business Tip: Increase Sales Without Spending a Lot of Money

Increasing your sales doesn't always have to mean spending money. Take a look at what is already working for you, and find ways to build on those successful elements. The Direct Selling Education Foundation, a BBB National Partner, recommends the follow ways to increase sales without increasing your spending:

Identify top customers and offer them more. You likely have loyal customers who spend more on a regular basis than others. Identify those people and offer them more than they already get. For example, start a VIP program where top customers receive special promotions, incentives, or exclusive access to new products and services. When your top customers know how much they are appreciated, they will not only embrace that “VIP” role by patronizing your business more often, but they will want to share their positive experience with their families and friends. Superior customer service can have far-reaching effects on your overall business.

Customize your sales pitch for each client. Each client is an individual and should be treated as such. Don’t go with a generic sales pitch that every single client hears. Do some research about each person, and incorporate something personal about him or her into your pitch, especially if it’s something you share (an interest in sports, a community activity). When you can relate to clients on a personal level, they will be assured that you have their best interests in mind.

Increase goals for referrals and sales will increase. Bump up your goals for getting referrals. It doesn’t have to be a large jump, but setting the bar higher will motivate you to work harder and acquire more. Instead of shooting for 5 a week, increase your goal to 7 or 8. Make the time in your schedule to meet this new goal, and you’ll find your sales increasing steadily over time. Each time you find that you are meeting the goal on a consistent basis, consider raising it again. Your business should never run in a straight line, but should always be heading in an upward direction to maintain growth and success.

Interact personally with customers more frequently. This may come easier in a retail business, but no matter what type of business you run, make the effort to interact with customers on a personal level as often as possible. Learn their names and one or two facts about them. People love going into a place where they feel like more than just a number. One customer of a local deli states that the moment she realized she would never take her business elsewhere was when the owner greeted her by name, asked how her daughters were, and offered her “the usual.” It’s a comforting feeling for a customer and will go a long way to acquiring loyalty and appreciation.

Find ways to improve upon what works for you, break out of your comfort zone, and always look to set the bar higher for yourself and your business.