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BUSINESS NEWS & TRENDS
Mountain Views News Saturday June 16, 2012
BUSINESS TODAY
The latest on Business News, Trends and Techniques
By La Quetta M. Shamblee, MBA
WHAT IS MARKETING?
You have a business. You have a web site. You have a Facebook page.
You tweet and send emails. You YouTube and you are LinkedIn. Are you
marketing?
As business owners, we all know we need to do “marketing.” But, do we
really know and understand what that is. A while back I asked some business owners their
definition of marketing. One of the best answers came from our good friend and printer,
Jerry (printingcontrol.net). He said, “in order to understand what marketing is, you need
to understand the difference between sales and marketing. ‘Sales’ is when you are calling on
your prospects. ‘Marketing’ is when your prospects are calling on you because they heard
about you.” Brilliant!
Social media and email marketing is often called relationship and/or top-of-mind marketing.
Staying connected with people who are important to your business keeps you present
in their mind. If you make it easy for people to remember you, they will think of you the
next time they need your product or service or when they are asked for a referral. This
doesn’t mean constantly posting “buy my stuff” messages on Facebook. We’ve found that
just liking, commenting, listening and participating in social media helps remind people
we’re still here.
I read a study once that said we are all hit with over 3,000 marketing messages a day. Think
of all the billboards, radio announcements, signs, bumper stickers, web pages, images
and emails that go into our brains every day. Don’t you want your message to be in there
somewhere?
Staying in touch and messaging is only half of the marketing equation. If you don’t have
anyone to share your message with, you just have words. Marketing is also about building
quality lists of people who want to stay in touch with you because they like you and your
product and services. Build your lists on their terms. Some will prefer some of the social
media tools and some may prefer emails. Don’t let your own preference get in the way of
where your followers prefer to be. When you adjust to their needs and preferences, you are
connecting with them on their terms. Isn’t this what good customer service is all about.
There are many tools that build lists; they just take different forms. In Facebook you build
"likes" and "friends." In Twitter, you build "followers." In LinkedIn, you build "connections."
If you use email marketing, you build a list of email addresses.
If business is a little slow for you right now, you might work on “getting list rich.” Attend
live networking events, join the chamber, attend meetings and exchange business cards. As
you do, ask people if they would like to join your email list, let them know how often you
send and what you send. Ask them if they would like to stay connected on social media,
ask which one they prefer. Build your lists at every touch point of your business day. List
building is an on-going process. Go for quality, not quantity.
If you are using Facebook and Constant Contact, cross promote. When you send out an
email, encourage people to join your conversation on Facebook. On Facebook, add a “join
my email list” tab to your page. In 2011, Constant Contact found that 1 million people
joined their customer’s emails through Facebook. (To add the custom Constant Contact
tab, go to facebook.com/ctctjmml._
My definition of marketing is….Building a quality list of people and staying top of mind
with interesting messages so they think of you when they need your product or service.
What’s your definition? If you want to share it, please post your ideas at www.facebook.
com/hutdogs.
For more tips on list building go to www.hutdogs.com/actionsteps.
About MJ: MJ and her brother David own HUTdogs, a creative services business that also specializes in Social
Media Education for business owners. Join their conversation on Facebook and get good tips and tricks about social
media, www.facebook.com/hutdogs For a list of upcoming classes go to: www.hutdogs.com/workshops/schedule
CREATIVITY
AND QUALITY
- A WINNING
COMBINATION
Are you an entrepreneur who
wants to stay at the front of the
pack and steps ahead of the
competition in your industry?
If so, you can benefit by simply
offering customers a unique
experience with quality that is
consistent.
Identifying and honing in
on at least one thing that
distinguishes you from your
competitors can add to your
bottom line. More than twenty
years ago, news articles and
celebrity interviews touted
a most unique duck sausage
pizza that was being served at
Wolfgang Puck’s Restaurant in
Beverly Hills. Pizza was not
new to the Southern California
palette, but this celebrity chef
was at the forefront of ushering
in the age of designer pizza pies.
Barbeque and chicken have been
part of the human experience
for thousands of years, but the
merging of the two atop pizza
dough was a anomaly until the
mid-1980’s.
Being different can help create
a fascination, a curiosity that
may prompt a new wave of
customers to make their way
to your door with money in
hand. Zelo’s Pizza in Arcadia
puts a slightly different twist on
an old concept with a creative
adaptation of the dough. Their
signature cornmeal pizza crust
serves as the foundation for
combinations of toppings that
are unique, like sweet corn
kernels and mozzarella. The
individual ingredients are
not unique, but along with
some familiar ingredients like
pepperoni and sausage, their
tasty, eclectic topping combos
places them solidly in the
gourmet pizza category.
The majority of new products
are rarely new, most are created
by taking existing items or
concepts and combining them
in a different way. For example,
fruit baskets have morphed into
revenues of almost $200 million
a year from a concept launched
by brothers Tariq and Kamran
Farid. In 1990 they opened the
first Edible Arrangements Store
in Hamden, Connecticut. They
used fresh fruit in the place of
flowers to create arrangements
in baskets. Caterers and chefs
have been carving fruit into
interesting shapes for decades,
but the Farid brothers took it
to another level by combining
several existing concepts, gift
baskets, fruit, carving techniques
and delivery services. Not only
are the baskets eye-catching,
but also they are tasty. They
began franchising the concept
in 2001 and by the end of 2011,
the business had grown to more
than 1,100 locations in the U.S.
and five other countries.
Despite the many angst about
the fast food industry, the major
players provide examples of solid
quality assurance (QA) systems
and processes. That.s why a Big
Mac® prepared by a McDonalds
in Duarte, California will taste
the same as sold from one of
their franchises at an airport in
New York. A business might
gain an advantage by offering
something new and different,
but customers must be able to
trust that they will get the same
experience each time they spend
money with you. It is important
to establish standards for what
you want your customers to
experience. Then, identify each
of the major processes that lead
to a customer purchase; quality
of what you sell (inventory),
shopping experience (website
and online store or physical
location and customer service)
and pricing (discount, average
or high-end). Survey your
repeat customers to determine
why they return and also, ask
if they have any suggestions
about how to improve their
experience with you. Review
the feedback to determine
where the suggestions might be
applied to your QA process.
It’s often the simple things
that can result in the greatest
benefits. Deciding what to
offering customer that is unique
is a matter of brainstorming
and thinking outside of the box
about opportunities that are
right in front of you.
OMG! OH MY GOSH DID YOU
KNOW………………..
by Patricia Richardson, M.B.A., Intuit Certified ProAdvisor
I do not usually upgrade my QuickBooks to the newest version
every year. That is not to say that I don’t have every version because
I do, dating back to 1999. As a QuickBooks Certified ProAdvisor I
am required to have every version so that I can help my clients with their QuickBooks
problems. So as you can see I probably have each version on at least one of my computers.
What I am saying is that I don’t upgrade my data file to the new version each year.
However, I just have to let everyone know that I have just upgraded to QuickBooks 2012
and I love it. Besides the new Lead Center that I discussed in last week’s article, there is also a
new calendar - think “Outlook” – users can choose to view a calendar layout of a company’s
important transactions (invoice, billing, to-dos), as well as overdue transactions, tasks
to be completed and appointments. QuickBooks 2012 also allows you to drill down into
transactions from this screen or create To Do’s (such as appointments, and the application
now allows you to specify the exact time). Past due transactions are automatically flagged.
You can access the calendar from either the Home Page (Company section) or the Company
drop down menu. Until now there has never been one central place to see important dates
and schedules (including the time of day!) in a company. Filing dates and due dates can now
be kept inside QuickBooks for authorized persons to view, as opposed to recording them
on an external calendar. The Alerts feature that indicates the overdue status of transactions
can help keep a company’s cash flow positive.
On another note the IRS says beware of Phish Scams.
Nov. 10, 2011 — A suspected phishing email on the Employer Identification Number (EIN),
claiming to come from the IRS Office of Professional Responsibility, is currently circulating.
This email was not sent by the IRS. For more information, see “Latest News from Office of
Professional Responsibility (OPR)” at www.IRS.gov.
The IRS does not send unsolicited emails to taxpayers about their tax accounts, tax
situations or personal tax issues. If you receive such an email, most likely it’s a scam. IRS
impersonation schemes flourish during filing season. These schemes may take place via
phone, fax, Internet sites, social networking sites and particularly email.
Many impersonations are identity theft scams that try to trick victims into revealing
personal and financial information that can be used to access their financial accounts. Some
email scams contain attachments or links that, when clicked, download malicious code (a
virus) that infects your computer or direct you to a bogus form or site that is presented as a
genuine IRS form or web site.
Some impersonations may be commercial Internet sites that consumers unknowingly visit,
thinking they’re accessing the genuine IRS website, www.IRS.gov. However, such sites have
no connection to the IRS.
For more information, contact Patty Richardson at patti@qbworkshop.com
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