Loading

Grow Smart Business


teaserInfographic
Close
For more information and charts about Small Business Mobile:
and See Key Highlights from the Web.com Small Business Mobile Survey
homepreneur

Search Articles



Small Business News

BodeTree, Financial Web-Based Application: Small Business Resource

May 9th, 2012 ::

BodeTree

Hate doing your company’s finances? Promising to awaken your “inner CFO,” BodeTree provides business owners with a real-time dashboard of all their financials with access to detailed reporting and analysis. Designed to create a Zen-like atmosphere for financial recording, the dashboard is simple to read, which takes the stress out of the work. BodeTree works with QuickBooks Pro, Premier, Accountant and Enterprise desktop 2009 and later. For $250 a year or $24.99 per month, the information you gather can help you size up your business against the competition, value your business and more.

 

How to Keep Your Ecommerce Customers From Abandoning Their Shopping Carts

May 9th, 2012 ::

By Rieva Lesonsky

Do you despair over the high percentage of ecommerce shopping carts that go abandoned on your site? You might be worrying unnecessarily. Website conversion company SeeWhy reported that the shopping cart abandonment rate rose in 2011 (as it has for the past three years) and predicts this trend will continue in 2012. Why? SeeWhy says consumers are simply becoming more sophisticated about shopping online, meaning they’re more likely to fill carts, seek deals and leave their carts for prolonged periods either as “wish lists” or because they can’t find acceptable discounts for the items.

But that doesn’t mean there’s nothing you can do about abandoned carts. In fact, smart marketers look at them as an opportunity to convert to a sale. Here are some of the strategies you can try:

Remind them. You can send reminders via email to alert customers about an empty cart. Provide links consumers can use to follow up with you if the cart was abandoned due to a technical difficulty with your site, or because they had questions about a product. Season the pot with a discounted offer, if you like. Time is of the essence; aim to send the reminder within 4 hours of cart abandonment.

Advertise. If you use online advertising such as Google AdWords, you can “remarket” by using a conversion code so that remarketing ads (featuring the products customers were looking at) show up on the AdWords network. This keeps the products top-of-mind so consumers don’t forget their carts.

Don’t empty carts too soon. It’s a good idea to keep abandoned carts active for at least 60 days. With customers spending more time shopping online these days, you may need to be patient to grab the sale.

Consider the big picture. If you have a high percentage of abandoned carts that never get checked out, assess whether your checkout process is too complex, confusing or time-consuming. Make sure customers can easily get answers to questions about tax, shipping costs and delivery times without going through several steps of the checkout process. Make FAQs, customer service phone numbers and instant chat options easy to find.

Abandoned shopping carts don’t necessarily represent a lost sale. Treated correctly, they can represent opportunity for your business—as long as you know how to handle them.

Image by Flickr user Adele Prince (Creative Commons)

 

Bill Losey Retirement Solutions: Retirement Solutions Advisory: Small Business Resource

May 8th, 2012 ::

Bill Losey Retirement Solutions

It’s never a bad idea to hear financial advice from more than one source so you can know all your options. And if you’re looking for advice to help you plan for your financial future after retirement, you might want to check out the Bill Losey Retirement Solutions website. Bill Losey is the author of several financial books, and his website contains articles and a blog full of useful information, such as 15 Prudent Ways to Spend Your Tax Refund. Sign up for his free weekly newsletter to get advice delivered directly to your inbox.

3 Unique Social Media B2B Ideas

May 8th, 2012 ::

Talking

I was so busy at this year’s SXSW, I am still catching up on what was showcased and discussed there. While I had the opportunity to meet tons of great people and learn a lot about technology for business, I missed out on one of the best B2B social media sessions.

In this article, I’ll share what I missed with you, so you can use the tips presented by the B2B social media panel in your own marketing strategy. So, whether you weren’t able to make it to SXSW this year – or like me, if you were just too busy to take it all in, you don’t have to miss out on these smart tips.

1.  Allow Website Logins with Facebook and OpenID

The panel suggested showing the connection between social and sales by using social logins with your B2B website. B2B companies can be just as social as B2C’s, but the key is to start where your customers are. Find out where your audience is hanging out, and listen to and engage them there. You can also determine who your company’s best social citizens are, and encourage and empower them to become brand evangelists for you. Encourage customers to begin connecting with you on social media by using Facebook and OpenID to browse your website.

2.  Get Employees Talking About Your Brand, Too

Companies like IBM understand that their employees must be aware they represent the company’s brand. Engaged and knowledgeable employees can be powerful brand ambassadors, even on social media. Cisco showcases real-time Twitter streams on large screens around its offices so employees can see what is being said about their company online. How can you encourage your employees to check out your brand on social media? Better yet, how can you encourage them to promote the company within their own social networks?

3.  Reward and Incentivize With Gamification

Companies like IBM and Cisco are using gamification to build leadership skills in their employees. Rewards and recognition programs can easily be gamified to keep everyone motivated and staying on track. You can even use gamification to get employees active on the company’s blog, which would help with the previously mentioned topic. Cisco employees earn badges for reading, commenting on, and sharing the company blog.

If you enjoyed these insights for using social media in your B2B marketing strategy, you can follow the panelists on Twitter for more tips:

Image courtesy of conversionpipeline.com

Small Businesses Seeking Fast Cash Turn Away From Traditional Lending

May 8th, 2012 ::

By Karen Axelton

Small business owners in a hurry for funding are increasingly reluctant to apply to banks for financing for their small businesses, the Merchant Cash and Capital Small Business Finance Survey found. According to the study, many small businesses are not bothering to apply for financing from traditional lenders because they didn’t think they’d be able to qualify. Others were reluctant to apply again after having been turned down for financing in the past.

The study polled entrepreneurs who had applied for a merchant cash advance from Merchant Cash and Capital, a merchant cash advance provider, and found that 42 percent of respondents who had applied for their first merchant cash advance did so because they didn’t think they could qualify for a traditional bank loan.

More than half (57 percent) of those surveyed said they had applied for a small business loan in the past. However, a whopping 76 percent described the process of getting a small business loan from a traditional lender as either “difficult” or “extremely difficult.” And of the 57 percent who had previously applied for a small business loan, 80 percent said they were either declined or had withdrawn their application.

Merchant cash advance companies such as Merchant Cash and Capital provide unsecured financing for businesses including restaurants, retail, service, legal, medical, franchises or ecommerce businesses. The money can be used to cover needs such as inventory, cash flow, expansion, overdue payments and more.

The survey found that small business owners typically use merchant cash advances for short-term needs, including purchasing inventory, payroll, paying taxes or bills, and marketing. Financing expansion was another popular use for the funds.

Clearly, when small business owners are seeking sources of capital quickly, they aren’t looking to traditional lenders as often as they used to. “It’s no surprise that small businesses are suffering from an extreme lack of available financing from traditional lenders and their tight qualifications,” said MCC President and CEO Stephen Sheinbaum in announcing the survey results, “but the depth to which the problem has gone should be of great concern.”

Image by Flickr user myphotosshare blogspot (Creative Commons)

HealthCare.gov: Health Insurance Finder Tool: Small Business Resource

May 7th, 2012 ::

HealthCare.gov’s Health Insurance Finder

Created in response to the health insurance reform law, the Affordable Care Act, the HealthCare.gov Health Insurance Finder tool will make it easier for businesses, individuals and families to find affordable health care options. The site is super user-friendly and gives the user a wide variety of options to compare. Watch the Small Business Health Finder video for visual help on how to find the right insurance for your business. Enter in how many employees you have, your ZIP code, what you want the copay to be and some other specifics, and the site narrows your choices for public or private insurance options.

Can Building a Blog Community With Unfinished Posts Really Work?

May 7th, 2012 ::

Writing

I’m always open to new ideas for getting more comments and building community on your blog. After all, a blog that is more engaging and share-worthy is a more effective blog.

But when I read a recent article suggesting bloggers leave their posts unfinished, I had to wonder – could this really work?

Why It Could Work

Writer Jeff Goins gets a lot of comments on his blog, so when he advised other bloggers to stop finishing their blog posts, I examined his reasons closely.

1.  Goins believes leaving posts unfinished makes readers feel important because they enjoy fulfilling the role of content co-creator. Readers enjoy being part of the process and feel a sense of purpose when they participate in your blog’s creation.

2.  He also believes inviting readers to finish posts builds community around your blog. Readers crave interaction, and they are not satisfied with blog posts that read like monologues. Goins suggests letting go of perfection, using a human tone, and showing your flaws.

3.  Goins believes unfinished blog posts are springboards that launch the comments bloggers crave. After a few readers break the ice with their thoughts to complete your post, other readers will feel encouraged to leave comments as well. In other words, unfinished blog posts help get the momentum going for commenting.

Why It May Not

These reasons theoretically make sense, but I can’t help but wonder if they’d have any traction in the real world. For example:

1.  Your readers likely look to you as a thought leader – a knowledgeable professional in your industry. Are they really looking to you to feel important, or do they expect you to provide them with helpful information on the topic you cover? Leaving blog posts unfinished could undermine the authority you’ve spent time building with your audience.

2.  Building community is important to any blogger, but what if that community takes a spammy turn? You risk losing the focus and trustworthiness of your blog when anyone can significantly change its content. If your blog cannot be counted on for relevant, verified content, readers make seek their information elsewhere.

3.  Numerous comments may make a blog look successful and engaging, but what if things don’t go according to plan? Readers may not always have the time or inclination to leave a comment, much less complete your blog posts for you. What if you end up with a blog full of empty articles? This plan could backfire, leaving your blog looking – well, unfinished – if you don’t get the comments and participation you expect.

What do you think? Is leaving blog posts unfinished a smart way to generate comments and build community, or does it leave too much on the table, threatening the relevance of your blog?

Image courtesy of dstracywrites.blogspot.com

How and Why to Use Mobile Marketing to Reach Your BtoB Customers

May 7th, 2012 ::

By Rieva Lesonsky

We’re hearing a lot about mobile marketing these days, with the proliferation of smartphones and tablets. But while most of the talk is about consumers and their changing shopping habits, it’s equally important for BtoB marketers to realize their customers’ behavior is changing, too.

For years, business decision-makers have relied on smartphones to get stuff done on the go. The advent of tablets, and their increasing adoption with the introduction of the latest iPad over the holiday season, has only accelerated the trend. Enterprises are adding tablets for their teams or, if they aren’t, a growing number of employees and executives are just showing up with their tablets and expecting to use them for work purposes (BYOD, or “bring your own device”).

Busy execs, in particular, are taking to tablets and using them for all types of purposes, from catching up on their industry reading to giving presentations to watching videos to taking notes during meetings. How can you take advantage of the fact that decision-makers are spending more time on their tablets?

Make sure your website is optimized for mobile viewing. You’d be surprised how few entrepreneurs do this. According to Web.com‘s recent Small Business Mobile Survey,  only 26 percent of small business owners have a mobile-friendly website ( the same layout/content as standard site adjusted to suit a smartphone screen), and just 14 percent have a stand-alone mobile site. Of those who do have a stand-alone mobile site, however, a whopping 84 percent saw an increase in sales as a result. Consider both tablets and smartphones, and be sure to include all platforms. Although the iPad is by far the dominant tablet, when it comes to smartphones, the market is less clear-cut and, especially in big business, many execs still rely on BlackBerry smartphones.

Consider adding a mobile app. BtoB apps need to be useful and solve a problem your customers have by making a process more fun, easier or faster. Think about how typical activities your customers engage in could translate into apps, or how apps can make it simpler to communicate with your business.

Look into mobile advertising. With more execs reading and researching on the go, you may want to move part of your ad budget into mobile. True, you might not be able to afford an ad in the mobile version of The Wall Street Journal, but think about running ads in the mobile versions of your industry’s key trade publications or in their mobile apps.

Get visual. The popularity of video online is skyrocketing, and today’s tablets with their crystal-clear displays are ideal for video viewing. Think about creating short videos demonstrating your product or service, providing customer testimonials or talking about a key issue in your industry.

Whatever tactic you choose, keep in mind that when it comes to BtoB marketing, it’s all about relationships. How can mobile marketing improve your relationship with customers and prospects? How can you provide answers to their questions or solutions to their problems? Make yourself a mobile resource, and your relationship can continue wherever the customer is.

Image by Flickr user Siddartha Thota (Creative Commons)

RunRev: App Creator for Non-Techies: Small Business Resource

May 4th, 2012 ::

RunRev

If you’ve ever wished there was an app for your specific business need, your wait is over. RunRev has created an easy way for the no-way-am-I-a-developer people to quickly make their own mobile app. The Small Business App Academy teaches small business owners to create a mobile app in 30 days, or whatever you need, with no stress and no degree in computer science needed. The Academy just kicked off May 1, 2012, and the courses are free. Simply sign up and get instructional videos delivered directly to your inbox daily on such topics as database and cloud access, working with rich media, deployment devices and creating user interfaces.

13 Helpful Guidelines for A/B Testing

May 4th, 2012 ::

A/B

A/B Tests, or Split Tests, can help you optimize your landing pages, email marketing campaigns and calls-to-action. But isn’t testing something only big marketing research firms do?  The answers is a definitive “no.”

In this article, I’ll share some tips for using A/B testing in your own marketing strategies, regardless of the size of your staff or budget.

Are your marketing efforts making the grade?

A/B testing can help you determine which marketing variables are giving you the best response rate. An example of a variable is the call-to-action in an email message or the landing page a Facebook post directs people to.

By conducting A/B tests, you can tweak your marketing performance to drive more traffic to your website and generate more leads for your business. The marketing pros at Hubspot have lots of suggestions for conducting A/B testing, but I’m going to break down the strategies for you in a quick and painless way.

Your A/B Testing Cheat Sheet

  • Conduct one test at a time to be sure your results don’t get mixed up. In other words, don’t launch a test for your email and your landing page simultaneously. Along that same line, only test one variable at a time so you can be sure you know exactly what to change or improve.
  • Test among two or more audiences and be sure these samples are similar. For example, if you’re testing an email message, pull names that have been on your list for similar amounts of time.
  • Just like in science experiments, you’ll need to have both a control group and a treatment group. In your A/B tests, the control group will be your original email or landing page, and the treatment group will be the variations of these tools you want to test. You may want to test whether including an image will enhance a landing page, so your original landing page would be the control element, and the landing page with an image would be the treatment element.
  • Conduct your A/B tests during the same timeframe. What this does is remove timing as a variable because conducting marketing tests a month or two apart can yield very different results. If you’re testing several elements for one particular campaign, test them simultaneously. Just be sure to test only one variable on each of your tests, as I mentioned above.

Deciding which variables to test

Now that you have some guidelines to get you started, which variables should you test? When you were creating a call-to-action for the company’s latest product launch, you may have wondered which copy or graphic elements would get the best results. Those elements are perfect for A/B testing. Here are some variables you may want to test:

  • Offers that convert the most prospects into leads
  • Structure for your copy (bullet lists, paragraphs, etc.)
  • Size or placement of the call-to-action
  • Color scheme or other design element
  • Photo or logo to use on a landing page
  • Format of email (newsletter, digest, etc.)
  • Time of day to send email
  • Subject line of email

A/B testing is an effective way to learn why your marketing campaigns or working – or why they aren’t. By testing elements in their campaigns, marketers can easily tweak their strategies to get the most bang for their buck- something every small business owner can surely appreciate.

Image courtesy of spamula.net



 
The Network Solution Digital  Community Solutions are Power Grow Smart Business Womens Grow Business UnintentionalEntrepreneur