Loading

Grow Smart Business


teaserInfographic
Close

Search Articles



Author Archive


Business Cards in the 21st Century: 10 Tips to Follow

April 11th, 2012 ::

There are a plethora of way that a business can attract customers, ranging from the traditional methods of advertising in the newspaper or going to trade shows to the latest and greatest Internet marketing tool such as PPC, SEO or social media. One of the most powerful, yet most ignored, weapons in your marketing arsenal is your business card. You give your business card to prospects and customers so they have your contact information. You tuck your business card inside of presentation folders, drop it in letters, and use it in a myriad of other ways to let people know who you are and what you do. Business cards are used by people in both big and small businesses and are one of the most important marketing tools you possess. And yet so many small businesses minimize the card’s usefulness.

What Are Business Cards Good for?
In an increasingly digital world, many wonder what the future of the business card is. Let me be the first to tell you that, love ’em or hate ’em, business cards are here to stay. But don’t take my word for it. In a 2011 study, over 95 percent of those surveyed said that business cards are still important to their businesses. In fact, you could argue that business cards have never been more relevant than they are right now. As businesses move to the digital arena, business cards may give you a unique advantage from a marketing standpoint. While everyone else is shouting from the rooftops about PPC, email, SEO and social media and drowning each other out, you can stand apart from the rest with a professional business card.

A nice-looking business card not only shows professionalism but can also build your level of legitimacy and credibility. Small and micro businesses rely on referrals more than any other business demographic, and business cards are an effective, inexpensive and long lasting channel for referrals and networking. As it has for many other products, the Internet has made business cards more accessible and less expensive than they were 10 years ago. They’re easier to design, purchase and hand out than ever.

Considerations and Benefits
Business cards help form a customer’s first impression of you. Using business cards gives an image of professionalism and shows that you take pride in your work, both of which are vital qualities for the customers of many small businesses. And if you include your business card with every product that you sell or to invoice that you send out to customers, you have an extremely powerful and long-lasting marketing and networking tool. Why? I can tell you in one word: longevity. Brochures and direct mail likely end up in the trash within a couple of weeks. (Even so, both methods still have a longer life than an email campaign whose average longevity is about a week before it’s deleted.) Promotional products can make a wonderful impression, but most of them will probably end up as a toy for someone’s kid. But the business card I give you today may stay with you for 10 years, and you will be reminded of that first impression every time you flip by it in your Rolodex or business card portfolio.

Business cards are also about image. I know many small ecommerce merchants who run their business out of their basements, yet they do phenomenal business due to the professionalism of the business cards that they distribute. A professional image builds credibility in the minds of the customer and can make all the difference in generating a sale or not.

Businesspeople who carry and distribute a stack of cheap, do-it-yourself, print-at-home, templated business cards wherever they go are doing themselves and their business a great disservice. Those cards are not likely to ignite or even support a great first impression in any way. And because of the longevity of a business card, the evidence of that failed opportunity may stick in your prospect’s files for years to come. Don’t think it doesn’t matter or that people don’t notice. People judge you on appearances, and your marketing materials play as much a role as your attire and demeanor. There are many top-notch printing companies out there  that can give you a completely customizable business card design. I recommend  you do it right and let the professionals do it for you.

Also remember that no matter how much you spend on your business cards, they will probably still be the cheapest and most effective piece of marketing collateral that you will ever buy. You get what you pay for, and saving $50, $100 or even $250 on business cards isn’t worth it when you consider what it could cost you in business in the long run.

Business cards can be an effective and long-living form of marketing that improves the legitimacy of your company and keeps it in the mind of the customer longer, especially if the card stands out. The design of the card quickly communicates what your company is about, and piques the interest of people who see it. Not only will they keep the card, which increases the likelihood of a future purchase and improves branding, but they are also likely to share it with others, which greatly extends your reach. Many businesses include two business cards in every package they send out strictly for this purpose: The customer gets to keep one and can distribute the other if necessary.

Maximizing the Effectiveness of  Your Business Cards

1. Include the Right Information: The information you put on your business card will  depend on you and your business. The average card includes your name, position or occupation, company or business, company address, your work phone number, mobile phone number and email address. However, you do not need to put each of these on your card. It really depends on your business. Make sure your website address is included regardless. When no website is listed on a business card, it communicates one of two things: Either you have a website and were not forward-thinking enough to put it on your business card, or you don’t have a website, which raises serious legitimacy issues.
2. A Picture Is Worth a Thousand Words: It is highly recommended that you put a picture or image on your business card. Studies have shown that people are more likely to keep a business card with a photo on it. It could be your picture (make sure it’s a professional image), a picture of your product or a combination of both. Picture cards get attention!
3. Consistent Branding: Make sure your business card has a look and feel that tells potential clients who you are and what you do. Ask friends to look it over for an outside opinion. Also, don’t forget about the aesthetics (colors, font choices, etc.) of your card. It is very important to ensure that there is consistency between your site’s branding and your card. Many small businesses forget this simple rule and select a business card simply because it “looked cool.” If your business card does not match your website and other collateral, then roll up your sleeves and make them match. Mismatched aesthetics can lead customers to believe they are at the wrong site and do not create the type of first impression one should strive for. Make them match and reap the rewards.
4. Taglines Are Remembered: Multiple psychological studies have shown that people remember a tagline before a company name. A tagline is a one-sentence benefit statement and can prove extremely valuable for your business. Their value builds for years, and over time, a good tagline can be your best and least expensive form of advertising. Make sure you include it on your business card.
5. Material Matters: Flimsy business cards do not impress prospective customers. It shows poor quality, and a low-quality business card creates an impression of low-quality service. Spend the extra pennies to get thicker card stock–it’s worth it.
6. Don’t Be Stingy. If you are not going through a few hundred business cards a year, you probably are not using every opportunity to market yourself and your business. Printing a few hundred business cards has never been easier. Order lots of cards, and give them all away. The more you hand out, the more opportunities you have to grow your business.
7. Stand Out From the Pack: Yes, your business card may very well wind up stuffed in a desk drawer with a stack of other business cards. This is why it needs to stand out in a crowd.  This is perhaps your greatest challenge when designing a business card, and it is why I prefer to let the experts do it. With so many amazing design options available today, there is no reason why you should be giving out a standard white business card.
8. It’s All About the Plan: The greatest cost associated with business cards is the initial setup and printing. But the best business card in the world is useless if it’s sitting in a box with 1,000 others like it. Devise a plan for how you will distribute your cards. You have plenty of opportunities. Take them to trade shows, tuck them inside of presentation folders, drop them in letters, and include them in packages and billing information to customers. You have a powerful tool at your disposal. Use it!
9. More Is Less: Think of your own reading habits. A business card holds your attention for mere seconds. Not only does your information need to be presented to the reader in a clear and concise matter, but you’d better make sure all of the information can be read and comprehended on the first pass.
10. Let the Experts Do It: Your business card should represent the perfect image of your company. A design that does not reflect what you do could have a negative impact on your business sales. That’s why I strongly believe designing your own business card design is not the right way to go. Leave the designing to the professionals, and use your time doing what you do best … selling your product or service!

Image courtesy Solid Cactus


PPC 101: Basics of Pay-Per-Click Advertising

April 4th, 2012 ::

By Thomas Ford

According to Google Adwords, the definition of pay-per-click advertising is  “the pricing structure used by some online channels to charge an advertiser each time a user clicks on the advertiser’s ad. The amount is usually set by the advertiser, not by the channel.” More specifically, pay-per-click (or PPC) advertising is the placement of an ad on a search engine based on specific keywords or phrases. The advertiser sets a maximum price they are willing to pay for each click onto their website. This has become a favored advertising method because the advertiser pays only when someone clicks on their ad, not each time the ad is shown.

There are many benefits to pay-per-click advertising. Listed below are some of the most favorable:

Quick Results: In some cases, once you have devised your pay-per-click ad, decided on the amount you are willing to bid, and lodged your application with the pay-per-click search engine, your ad will appear within minutes. Other pay-per-click search engines may take a couple of days for your ad to appear. So unlike organic SEO, pay-per-click marketing can generally give you immediate results.

Fit Your Budget: You set your own budget, and the budget options are flexible. With pay-per-click advertising, you can tailor your budget to your sales goals and how aggressive you would like to be. It is also easy to modify your budget through the year to adapt to seasonal highs and lows.

Track Your Results: You are able to track and measure the success of your campaign. Solid Cactus and Google Adwords have many options for you to be able to see which keywords are performing, whether through newsletter sign-ups, an online purchase, a form submission or a phone call. These actions can all be directly tracked back to your specific pay-per-click campaigns.

Get Noticed: Pay-per-click offers the ability to for national exposure. With Google and Yahoo reaching at least 80 percent of all Internet users, pay-per-click advertising ensures your company is reaching a desired audience.

The potential to receive great success using pay-per-click advertising is high but there are some things you should do to help make this happen. The main factor to consider in assessing how successful your campaigns are is your ROI (return on investment). This is calculated by taking how much you are making from clicks and conversions through your pay-per-click ads and subtracting that from what you are paying to run your campaigns. If your ROI is low or even negative, here are a few things you may want to consider to help increase your profit:

• If you are in a highly competitive industry, such as healthcare, law or real estate, make sure you are putting enough money into your campaign to cover the cost of your keywords. Keywords for these industries tend to be on the higher end of the spectrum.

• If the majority of keywords you are currently running on are expensive, consider adding in some less expensive keywords. Typically, the more general a keyword, the more expensive it is. Try to get some targeted, less expensive keywords as well.

• The positioning of your ads is based partially on the price you have set for your cost-per-click. If your ads are showing in the top positions the majority of the time, consider lowering your bids a bit to achieve a more cost-effective position.

Anyone can create pay-per-click campaigns; the trick is getting right and making it successful. It takes time and effort to get a pay-per-click campaign optimized with the best-performing keywords, ads and landing pages. You need to acquire enough data to make informed changes and improvements to your campaigns. So remember, while you can get your account up and running quickly, it may take some time to get the results you are seeking.

Image Courtesy Solid Cactus

Great Customer Service Is Key to Profit

March 28th, 2012 ::

By Thomas Ford

It’s been said before and I think it bears repeating- customer service is essential to happy customers!

Happy customers are returning customers, and we all know that returning customers generate more revenue for your company! Providing great customer service can be what separates you from your competitors. Here are five tips on how to not only keep your customers happy, but also keep them coming back.
1.) Keep your promises to all customers – Make sure processing and shipping time frames are accurate. If an item on your site states it will ship within 1-2 business days, make sure it’s shipped within that promised time frame. Of course we know that stock issues may arise; if they do just make sure you keep your customers in the loop.
2.) Communicate – This is essential to keeping customers happy and it goes back to the first tip- if an item is out of stock or on back order, let your customers know. If you use a call center or answering service to take your overflow calls, make it a priority to respond to your customers in a timely manner. Email is always the quickest way to contact a customer and the best option because you will have your communication in writing. Because we live in a fast-paced, technology-driven society, customers expect quick and efficient responses when dealing with online stores. Therefore, try to get back to customers within 1-2 business days, with one business day being the ideal time frame for a response. You don’t want to have customers calling in every few days because they have not heard back from you. This will lead to high phone costs and a bad experience for the customer–which means your customer loses, and so does your business. Sally Gronow, Head of Communications at Welsh Water, says it best: “Good customer service costs less than bad customer service.”
3.) Give an incentive – To ensure your customers return, offer a coupon for their next order, even if it’s only 5 to 10 percent off or free shipping on orders over $50 or more. The smallest offer can keep customers coming back for more business. You can also offer coupons or discounts throughout the month.
4.) Be competitive – If a competitor is offering free shipping or is selling an item at lower cost, match the price. Customers are more likely to do business with companies they are familiar with or those they are loyal to; however, if a competitor has the same item at a lower cost, a customer may take their business elsewhere. By price matching an order you can gain a sale and perhaps a lifelong customer.
5.) Empathize – Customers may become upset for numerous reasons. Even if those reasons seem trivial, empathize with the customer. Customers want to feel as if they matter to your company. If they are unhappy, apologize and let them know you understand how they feel and will do whatever you can to make them happy. Nothing turns business away like a cold shoulder!

These may seem like common-sense tips; however, with the hectic schedule of the average business owner, these tips can be forgotten or pushed aside, which can result in unhappy customers and a loss in profit. By making these tips your customer service “commandments,” you’ll be sure not only to remember them but also to keep those customers coming back.

Image courtesy VIPdesk.com

Increasing Your Profits With Suggestive Selling

March 21st, 2012 ::

By Thomas Ford

Suggestive selling, sometimes referred to as “add-on selling,” is a sales technique where employees encourage customers to include additional items on their purchase using positive and encouraging phrasing. According to Investopedia.com, the idea behind this technique is that it takes minimal effort compared to the potential additional revenue, simply because the “getting the shopper to buy” part of the process is already done. Once a shopper is committed to an initial purchase, an additional sale that is a fraction of the original purchase is much more likely…especially if you employ suggestive selling.

Suggestive selling is done in almost every industry. Let’s take a look at some common establishments that utilize suggestive selling to boost profits:

• McDonald’s – “How many apple pies can I add to your order?”
• Foot Locker – “We sell the perfect basketball socks to match those shoes!”
• Buffalo Wild Wings – “Which Coca-Cola soft drink can I get for you today?”

That is a small sampling of some everyday, common businesses where you may remember encountering suggestive selling.

A big part of the suggestive selling practice is the underlying tone and verbiage of your message. When happily suggesting in a manner that encourages the shopper to say “yes,” you’re more likely to gain the additional add-on sale. Let’s look at some examples.

Scenario 1: Customer is purchasing winter gloves; salesperson is trying to sell the matching scarf.
o Salesperson: “Would you be interested in our scarves?”
o Customer: “No, thank you, just the gloves.”

OR

o Salesperson: “We have a lovely scarf that matches those gloves. Would you like me to get it for you?”
o Customer: “Yes, please!” (The customer is thinking you are incredibly thoughtful, because the phrasing made it sound like you’re getting the scarf just for this customer.)

Scenario 2: Shopper is purchasing a vacuum cleaner, which qualifies for free shipping. Salesperson is trying to add on a vacuum filter as an upsell.
o Salesperson: “Would you like to add the spare vacuum filter to your order? It’s only $17.95.”
o Customer: “No, thank you, I think I’ll be OK without it.”

OR

o Salesperson: “Since your order qualifies for free shipping, why not add on an additional vacuum filter for $17.95? If you were to purchase it later, you would pay shipping on it, so buying it now is like getting it for half price!”
o Customer: “Yes, that would be wonderful!” (as the customer thinks how awesome it is that you, a salesperson, are trying to help them save money and get the best deal)

Scenario 3: This is my personal favorite, because it’s an experiment I conducted at my very first job, the McDonald’s drive-thru! At the time (circa 2000), McDonald’s offered value meals in three sizes: medium at no additional charge, large for a 39-cent up-charge, and super-size for a 59-cent up-charge. One day, my manager told me that she had incorrectly ordered supplies for the store, and we were overrun with Large cups and Large fry boxes. Without hesitation, a light bulb went off in my head: Let’s encourage customers to buy these items and get rid of our overstock.
o Instead of asking customers “Would you like to super-size any of those meals?” (which rarely worked), I began asking “Would you like that value meal large or super-sized” – not even giving the customers an option of medium. Most of those customers took the smallest portion option I offered, thus taking the “large” upgrade for 39 cents!

As you can see, a lot of positive phrasing comes from how offers are positioned to customers. When a salesperson is able to explain the deal and demonstrate the benefit, customers are much more likely to add on. Another thing to remember is if there isn’t a clear benefit to the add-on, for example (as in the McDonald’s scenario) you can then word your offer to the customer in a suggestive manner. In the above situation, I didn’t even offer the medium value meals, I only offered upgrades. The same idea could work for a retailer who offers extended warranties. Instead of asking, “Would you like to buy the five- or 10-year warranty?” you should ask “Which warranty coverage would you like on this purchase; five years for $25.99, or  10 years for $49.99?”

Give suggestive selling a shot. I bet you’ll notice an uptick in your profits, especially if you’re strategically planning your offer.

Image by Flickr user guillebot (Creative Commons)