5 Common Small Business Diseases and How to Treat Them

5 Common Small Business Diseases and How to Treat Them

By Raphael Huppe  |  

1. Cash Flow Hiccups: A tight cash situation can cause your business to struggle. Your inventory runs low, you skip payments thus accumulating debt, and you certainly can’t reward yourself for all your hard work. Most importantly, you can’t afford to invest in new merchandise and keep your stock up-to-date with the latest trends, which in turn leads to lost sales opportunities.

The Cure: If you want to turn your business around, every penny spent should be accounted for. A thorough assessment of your business financials will help you get a clear view of your current situation. Make a list of your monthly operating costs and look for items you can leverage. For example, you could re-negotiate old debt payments, ask for a rent reduction, or get some of your employees to work part-time. Eliminate all unnecessary expenses, or try to keep them at a bare minimum.

2. Suppliers’ Pain: If you’re buying from a single supplier, you may find it hard to negotiate better terms because your business’s day-to-day survival relies on a sole provider. On the other hand, if you’re using multiple suppliers, you may have trouble managing payments while losing the benefits and discounts that large purchases grant you. How can you make the best of both worlds?

The Cure: Renegotiate your contract with your supplier to see if you can achieve better terms. If that’s not possible, you can shop around to decide whether you’d be better off taking your business elsewhere. Ideally, you should stick to one or two main suppliers, while also looking out for promotional offers and special deals from independent sources.

3. The Impulse Buy Syndrome: When a sales rep pitches his brand new, limited-time offer, you instantly jump on board. The price feels right, your profit margin becomes better, and you may even sell the products at a discount to attract more customers. That sounds like a great deal, doesn’t it?

The Cure: When it comes to wholesale purchases, there are more important factors to consider that the price you’re paying. The main volume of your inventory should consist of products with a short sell-out time, which is the amount of time it will take you to sell the entire quantity of a product. Therefore, before placing an order, you should examine whether the product is in season, how attractive or necessary it is for your customers, and how well the specific product category sells in your store. Running ad campaigns and media coverage also help a product sell faster.

4. The Best-Sellers Amnesia: It’s hard to manage your inventory if you can’t recognize the items that bring in the cash. In other words, you need to know not only how many units you sell per code, but also the amount of money they earn you over a given period of time. These sales figures will also help you identify the products you need to discontinue or put on sale.

The Cure: You need a reliable inventory management system, and plain excel sheets won’t cut it. Inventory software will allow you to instantly check your current stock, and collect and view valuable sales stats. You may even create promotional offers and coupons for slow-moving codes, or set up automatic re-orders for your best-selling items. This way, the process is simplified and your business is always well-stocked.

5. The Discount Plague: Big box retailers and chain stores sell lower than you because they can afford to. By buying massive amounts of products, they score better deals that allow them a more flexible pricing strategy. Given that you lack this kind of flexibility, an aggressive discount strategy will have a devastating impact on your bottom line.

The Cure: Forget about the price war. There are numerous ways to add value to your products while maintaining high price points. Boost your competitiveness by providing stellar customer care and make sure you keep up with the latest trends in your field. You can also attract more customers by offering personalized services and rewards to your loyal clientele. After all, you don’t want people to come to you because you’re the cheapest; you want them to choose you because you’re the best option on the market.

The first step to reviving a business is identifying harmful habits and behaviors, and correcting them. From then on, all you need is a solid plan and lots of determination. As long as you’re willing to put in the hard work and long hours it requires, you can turn your struggling business into a success story.
Raphael Huppe’s extraordinary and impressive career is that of a businessman who has overcome a variety of obstacles. Mindful of his achievements, Raphael Huppe realizes that his greatest reward has always been his ability to contribute to the success of other people.

http://www.raphaelhuppe.com
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Building A Unique Brand Identity

Building A Unique Brand Identity

By Christopher Melotti 

What is a brand?

A brand is a name, term, symbol, design or a combination of these used by an organisation to identify it or its products as unique from others. It acts as an identity and signal, communicating many messages to the market.

Therefore, brand identity is its ‘personality’ in context of your target market. In other words, it’s a brand’s characteristics as sees by the market. Every business has one, although some are more subtle and others are very in-your-face.

It’s very important for a brand’s success to have a solid, well supported identity as it allows the target market to relate to it. People are emotional beings and this comes across in their buyer behaviour, so therefore, if a business wants their product to appeal to a certain customer, the identity of the brand must offer a relevant characteristic that is pleasing and favourable to them.

For example, popular cola soft drinks run intensive branding campaigns with their product on the beach with people enjoying summer, with the intention that their brand will become associated with ‘fun times’ and ‘enjoyable experiences with friends’. This trait, which is an element of brand identity, means that customers will recognise a relatable characteristic, and associate their happy emotions with a product that naturally lends itself to that situation.

Five Dimensions Of Brand Personality

Research into the marketing and psychological aspects of branding date back to the 60s, 70s and 80s, and identify five main brand personality traits, known as ‘The Big Five’, which encapsulate the main categories of identity.

How a consumer interprets all brand messaging is how a brand identity is defined, and the definition tends to focus on one of the following traits.

(1) Sincerity

Down-to-earth, genuine, honest, and comfortable.

(2) Excitement

Exhilaration, adrenaline, fun, stimulating and sporting.

(3) Competence

Reliable, trustworthy, successful and intelligent.

(4) Sophistication

Upper class, cultured, charming and posh.

(5) Ruggedness

Outdoorsy, tough and strong.

Regardless of which category, a brand identity can significantly impact a customer’s interaction and emotional connection with a specific product or organisation.

How To Develop A Brand Identity

An identity of a business, a product or brand functions very similarly to that of a person. When you think of a person, you can list off all of the qualities they have that come across to you when you interact with them. For example, witty, smart, fun, outgoing, frustrating, and so on. These qualities can be both negative and positive, and the way you were able to come to the conclusion of these adjectives lies in how you’ve interpreted the signals they projected through their actions. For example, you would label someone as fun, because they shared an experience with you that you enjoyed, or label someone as frustrating because they were difficult to get along with.

It works the same with a brand. The best way to establish, uncover and promote a brand identity is to begin describing the traits and characteristics that come to mind. Then you (as the owner of that brand) must leverage messages and actions which act as signals to the target consumers to allow them to discover and interpret those characteristics and relate your brand to those traits.

Branding Elements

Branding elements are the physical identifiers of a brand, such as design, images, colours, font, name, shaping, spacing and so on. Consistency is key here: once you establish your traits, as discussed above, the way your brand physically exists must be consistent with the characteristics you wish to portray.

For example, if you want a sporty, exciting brand, you may lean towards brighter colours, modern fonts and trendy logos, as opposed to, say, a conservative fashion brand which may choose a more formal name, a cleaner font, a more conservative colour palette, etc.

Customers are very intuitive, and therefore, brand identity and the associated branding elements must be planned very carefully to ensure that they both sync in such a way that the correct messages are being successfully and easily interpreted by the market.

Using A Voice

A ‘voice’ in this branding context refers to the entire suite of communication tools used to promote the brand identity and elements, above, to the market. Basically, it’s how you speak and interact with your audience and how they relate to this.

This can be the colouring, layout and words used on a website, the music and sound on a radio commercial, or the images featured on a print advert.

Again, consistency is very important here. It’s very essential that the voice matches the characteristics and traits originally established for the brand, so that the audience isn’t the victim of mixed or conflicting messages.

Write A Branding Guidelines Document

A ‘branding guidelines’ is a document where all of the branding elements, identity and voice are clearly written out in detail. It provides the ‘go-to’ guide regarding everything about a brand, from design, exact colours, tone, images, sizing, backgrounds, tag lines and correct use.

As mentioned above, for a successful brand and strong identity, consistency is paramount so that the audiences are not receiving mixed messages or incorrect signals. The market is already cluttered with noise, and so it’s very important that a business sharpens their message to be so specific that when a customer interacts, they interpret the message positively and correctly.

A branding guidelines document ensures that all of the branding is used correctly so that the entire marketing effort is heading in one, uniform direction effectively. Making this document easily accessible internally within a business ensures that everyone working on promoting the brand is doing so in the correct manner.

Every business has, or should have, a distinct and unique identity which makes it appealing to their customers, and it lies in a solid branding program to ensuring your brand’s personality stands out from the crowd.

Christopher Melotti
Freelance Copywriter at Melotti Media.

http://www.melottimedia.com.au

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How to Build Trust With Customers

How to Build Trust With Customers

By Chuck Checkman, Sr.

Building Business Relationships With Your Customers

The Foundation to Any Type of Business

Constructing healthy business relationships assists you to increase your sales, build up pioneering ideas, and to find out new ideas to expand your business. Whether it is offline or online, it does not matter what type of business you are in. Here are 10 useful tips for building better business relationships.

1. Join Local Organizations

Your chamber of commerce, clubs or non-profit groups with related interests as you are all great places to begin and to make your contacts. You can become a volunteer for a good foundation, always be energetic in your group of people or even resort to banging on doors. If there’s not a group near you, then start with a new one.

2. Set Goals

You should know what you are eager to accomplish from a particular company. Do you desire to meet up with your forthcoming clients, suppliers, potential associates, or job applicants? Setting goals will definitely assist you to evaluate whether that company is right for you or not.

3. Be Prepared

In any circumstances, where you are going to meet new clients, meet them with an open mind and a welcoming approach. Also, bring your business cards and be prepared to explain what your business does in a trouble-free language. Always meet everybody with a smile along with proper eye contact and a handshake.

4. Create a Referral Program

Once you have built your business relationships and have trustworthy clients, you can then reward those clients who propel more business to your way. Offering things like future discounts or other rewards will make your clients feel valued anytime they drive you business.

5. Harness Technology

Contact Management Software, or CMS, can assist you to keep a track the details about your business contacts so that you don’t have to remember the details of their businesses along with their personal details as well. With CMS you can set up reminders for actions like sending birthday cards or e-mailing them to inform them about your newly started services etc.

6. Follow-Up

When you meet up someone you would like to get to know about them, follow-up. Use social networking sites, such as Twitter, LinkedIn, and Facebook to keep connected with them. Follow each other, send direct messages, or like their posts. You will also get an exposure to that person’s network of contacts for more connections.

7. Mingle

Never squander all of your time at an occasion by discussing with one individual or group. Think of numerous ways to graciously end a discussion and move on. But firstly, obtain contact details from those you have been discussing so you can follow-up those clients later.

8. Keep in Touch

Business relationships are like flowers without fostering, they dry up and then die. Make it a point to frequently bond with your main clients whether by re-tweeting their tweets, follow each other on meeting for lunch/dinner or send an e-card to them on special occasions.

9. Aim to Give, Not Just to Get

Of course, you desire to get advantage from your business relationships, but that is more probable to take place if you have a liberal approach. Concentrate on how you can assist your clients, and you will discover that you are getting more than what you are giving.

10. Connect Offline

Linking on social media is a fine start, but for accurately building a business relationship, you require to squander time face-to-face. Propose getting together for coffee or a meal to share more ideas about your businesses and how you can work together to increase your productivity.

Discovering to construct better business relationships with clients needs time. You won’t have immediate accomplishment. But, if you follow these above strategies, you will discover within a few months that marketing unexpectedly turned out to be a lot simpler and your business is growing.

If you need a head start, a marketing funnel is provided just for you at business.trickingistricking.com.

For more tips on making your business successful, visit TITezine.com.

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How To Use Facebook To Grow Your Online Business in 2015

How To Use Facebook To Grow Your Online Business in 2015

By Gregory De Tisi

Facebook is still the biggest and most popular site for interacting and sharing information. So, what does this mean for you?

1) YOU CAN LEVERAGE FACEBOOK TO YOUR ADVANTAGE
2) YOU CAN USE FACEBOOK FOR TARGETED TRAFFIC
3) YOU CAN USE FACEBOOK FOR CREATING AN INCOME
4) YOU CAN USE FACEBOOK TO BUILD YOUR BRAND
5) FACEBOOK HAS A VARIETY OF OPTIONS YOU CAN BENEFIT FROM

In simple terms, mastering Facebook is highly recommended and this means Facebook fan pages, your personal page, Facebook Advertising and Liking other pages also.

For a starter, your personal page is a great way to get 5000 targeted people to know you, like you and trust you. Obviously this means more exposure of your personal profile and more transparency. This alone will help you to position yourself as a great person with a great story. Stories attract people, so get into the flow of being yourself and sharing as much as you can. This will also create free traffic to you so you can share your fan pages or websites here.

Create a fan page that you can send people to which is highly relevant to your business.

So when people visit your personal page you can also share your fan page as you have already built trust. You can quickly get more Facebook fans just by sharing your page with your friends personally. Once you start to get Facebook fans you can then invite more from your twitter and linked-in pages.

The more social sites you are a part of the easier it will be to share your new page. As they all can backlink to your primary Facebook account or page.

Make your fan page stand out and be powerful. And once you have built trust you can offer fans affiliate products and your own products as well as offering value of course.

Use as many targeted key words in your page as you can so that people can find you in search engines and this will also drive more likes to your page as well.

Next, look at promoting your Fanpage/s with Facebook PPC advertising. This simply means using Facebook’s own marketing to expose your page/s. You already know now that there are millions of users looking at Facebook every day so, all you have to do is be in front of them with your page. You can also promote any other website or offer that you have using Facebook PPC to create an income.

Facebook is a great place to get targeted traffic also.

When likeminded targeted people KNOW YOU and your Facebook persona this will leverage traffic to your websites also as they will click through from your Facebook pages to your URL’s.

Remember that this is all free except Facebook ppc. But you can use Facebook PPC for a small daily fee depending on your budget. You can try some Facebook advertising very cheaply as long as you do your research with your markets first.

KNOW YOUR CUSTOMER: So once you know your end user or customer whom you are targeting then it saves you time, money and helps create an income much faster.

Remember this is all about getting great traffic and exposure.

So to recap. When using Facebook ppc, ensure you know exactly who you are targeting your ads at. You can create many sales using Facebook PPC when you know WHO your customers are.

Personally I would commit say 2 hours per day to using Facebook otherwise you will end up wasting time there rather than using it as a marketing tool. Remember that, there are various other places to use social media marketing so you don’t want to waste your productivity in your business just at Facebook.

What’s important is that you are using Facebook as leverage FOR YOU.

There are many experts that teach how to use Facebook in the most effective way and you can find a great deal of Facebook videos on YouTube. Also search on Google for free tips, articles and blog posts that relate to this topic and you will be using this site in the best way in no time.

The key is to understand that when you are running an online business you have to have strategies with all of your campaigns. Eventually much of your efforts will be automated and viral so set this up as soon as possible then you can focus your efforts on your core skills.

Any business is about creating an income and increasing profit margins so it is vital to use tools like Facebook for little or no cost so that you can start seeing growth margins a lot faster.

Other Places To Join For Maximum Leverage:

Join Linked In
Join Tumblr
Join YouTube
Join EzineArticles
Join Twitter
Join Pinterest
Join Instagram

ALL of these sites are amazing marketing tools and they are powerful backlinking sites to drive highly targeted traffic to your website and Facebook pages.

if you want more help with creating a plan and strategy for Facebook Marketing campaigns or any other social media strategy then visit my site below and I will be happy to help you.
Free Help> http://www.GregDeTisi.com
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Top Six Ways to Increase Web Site Traffic For Free – Traffic Promotion

Top Six Ways to Increase Web Site Traffic For Free – Traffic Promotion

By Doug Barger 

Reducing the costs of advertising is big business. To increase web site traffic for free is the single key component to a successful traffic promotion. Just doing a few extra things right can get free traffic to your web site. This can be immediate web site traffic, ongoing web site traffic and long lasting web site traffic with more web site visitors than ever.

The most creative ways to get more free web site traffic can also be the most rewarding. Here we will discuss using forums, online communities, article marketing, SEO content on the web site using keywords, link building/link trading and a great newsletter that acts as a catalogue for your products pre-selling all of your traffic and turns web site visitors into loyal and satisfied customers.Web site traffic promotion at its finest will always offer this sort of counsel on monetizing your web site visitors into paying customers.

With the wealth of knowledge available online there are plenty of resources available on how to get more web site traffic for free and with the right attitude and focused time, one can generate quite a bit and increase web site traffic for free. These methods are free of charge and can most often be duplicated to double the results of your current traffic promotion.

Everyone knows that it’s not just free traffic, but targeted free web site traffic that is desired in order to realize net profits consistently and monetize all of your web site visitors. One of the most advantageous things you can do is to join a forum that is dedicated to members who discuss the issues related to your niche. There are many social communities online where you can take the time to meet people, build credibility and trust and even build quite a reputation as someone in your field who customers should talk to about purchasing products in your chosen area of business. This can result in a lot of web site traffic for free and even a lot of sales without taking on the appearance of just web site traffic promotion.

Using the industry news of the most relevant and important new events in your niche as well as providing information about all of your products can land you a lot of free traffic. The best way to implement this strategy of traffic promotion into your current business model is to create an interesting newsletter that people can subscribe to. Providing interesting articles like this one will definitely increase your web site traffic and even result in more sales because your customers know you care for them and are receiving valuable information that they can use to benefit.

One way back links are the most valuable if posted on a high traffic and high page rank site. This means like a well respected directory of web sites in your niche. People will see your link there and then visit it based on the recommendation. Something else you can do for increased traffic promotion is find a site that is in your niche without competing and trade a link with them. This will result in more business for both web sites.

Of course, writing articles like this one will help people to find you and generate in more free web site traffic for your web site. Most of the time, the people reading the article did not have to pay for it unless it was an article that was purchased. Well, a little tip for those that don’t know yet, is that after reading the article you can usually go directly to the author’s website just by clicking on the link in the author’s bio box just below the end of the article. This is something that can be done for free. This is especially rewarding to the article reader when they find a free product and service there as well.

Ole King Content still reigns when it comes to search engines. Keeping your web site content fresh and unique will do wonders for you in the search engines. You should try to find keywords that are relevant to your niche and that will assist the people who need to find you the most in doing so. Using this combination of good content and keywords in the title of your website and at the top of it will score well in the search engines as well that means your traffic promotion is a success from search engine optimization and fresh, daily web site visitors.

Here is an unadvertised bonus in this article. Finding a company to host your own affiliate program for either a service and product you have created or even someone else’s that you earn commissions on as well, will mean that you have to put less effort into your traffic promotion as you would otherwise. Even better is being able to manage your own with an affiliate management script.

There are some companies that will do this for free and only charge for sales that are made as profits without any cost by affiliates who join your program. These strategies are all ways to get traffic to your web site for free and will assist you in traffic promotion.

Once you have recruited a solid corp of super affiliates aggressively promoting your offers on a massive scale,

the leverage is just so great that you get more web site traffic and more free web site traffic at that, because

you didn’t have to come out of pocket to pay affiliates in advance, but only a percentage of the profits they brought you.

If you really want to kick your web site traffic promotion into high gear, I recommend you pick up my one year course on How to Increase Website Traffic for Free [http://increasewebsitetrafficpromotion.com]

Increase Website Traffic Promotion [http://increasewebsitetrafficpromotion.com]

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