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Posts Tagged ‘tips’


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


Getting Financing and the Five C's of Credit for Your Small Business

January 18th, 2010 ::

Broken-Piggy-Bank-150x150Ever try and get a loan? It is not necessarily the most exciting experience but it sure can be nerve racking. It is when you really need credit you are least likely to get it. When people apply for a line of credit in their small business they might not be aware how different it is when trying to get it on a personal level. For example, many places will not lend to you unless you have been in business for at least two years. Many times you will to personally guarantee a loan so you need to have your personal credit in as good of shape as your business.

For individuals and business there are five key elements a borrower should have to obtain credit: character (integrity), capacity (sufficient cash flow to service the obligation), capital (net worth), collateral (assets to secure the debt), and conditions (of the borrower and the overall economy).

We found this great explanation from the Department of Commerce site. Let take a more in-depth look at these elements:

Capacity to repay is the most critical of the five factors, it is the primary source of repayment – cash. The prospective lender will want to know exactly how you intend to repay the loan. The lender will consider the cash flow from the business, the timing of the repayment, and the probability of successful repayment of the loan. Payment history on existing credit relationships – personal or commercial- is considered an indicator of future payment performance. Potential lenders also will want to know about other possible sources of repayment.

Capital is the money you personally have invested in the business and is an indication of how much you have at risk should the business fail. Interested lenders and investors will expect you to have contributed from your own assets and to have undertaken personal financial risk to establish the business before asking them to commit any funding.

Collateral or guarantees are additional forms of security you can provide the lender. Giving a lender collateral means that you pledge an asset you own, such as your home, to the lender with the agreement that it will be the repayment source in case you can’t repay the loan. A guarantee, on the other hand, is just that – someone else signs a guarantee document promising to repay the loan if you can’t. Some lenders may require such a guarantee in addition to collateral as security for a loan.

Conditions describe the intended purpose of the loan. Will the money be used for working capital, additional equipment or inventory? The lender will also consider local economic conditions and the overall climate, both within your industry and in other industries that could affect your business.

Character is the general impression you make on the prospective lender or investor. The lender will form a subjective opinion as to whether or not you are sufficiently trustworthy to repay the loan or generate a return on funds invested in your company. Your educational background and experience in business and in your industry will be considered. The quality of you references and the background and experience levels of your employees will also be reviewed.

What have been your experiences getting credit for your business?

We all have some interesting stories or things we learned getting our first business loan or line of credit. What is yours? Leave a comment.

Small Steps for Making the Big Leap—Your Own Business by Rebecca Rodskog

June 16th, 2009 ::

Rebecca RodskogRebecca is a guest contributor to Grow Smart Business in the area of change management. She is a consultant and life coach with more than 15 years of experience helping organizations and individuals manage change.

This week Rebecca shares her tips on how to take the leap into starting your own business.

So you have the idea, but there seems to be a chasm between here and there? It’s big enough to make you turn around and head back to the safety of the old job? Please don’t fear! And don’t quit! You’re on the precipice of something incredible and the world will be better for your efforts!

All of us that own our own business, no matter how small or large have faced this same moment. I remember staring at my beautiful business plan and thinking “now what?!?!” For some reason the answer wasn’t there. So I turned to my coach, Joannie Jorczak, of Light the Way Coaching.

I told her all the things I need to do before I could actually “open.” She listened intently, and then politely disagreed. She told me I had everything I needed already. I didn’t need to wait for perfection. I could hang my shingle the next day. I gasped and thought….Really? Could I actually start NOW?

Not convinced, I also sought out the advice of my Ladies Who Launch incubator intensive. 10 women, in one way or another, told me I already had what it took. Okay, I thought, can they ALL be wrong? Probably not.

So the next week, I created my distribution list, packed with friends and family and former colleagues, and I sent my first email blast, announcing the soft launch of my business. My website wasn’t ready, my logo wasn’t ready, and the ink on my business plan was still drying. What was I thinking?

Within minutes my inbox was flooded with responses….mostly congratulations, some questions, but ALL enthusiastic and encouraging. And then there was THE ONE….”Hi Rebecca. I’m in. When can we start?” I had my first client. I had crossed the chasm.

So I want to tell you: Just take the first step, no matter how small it may seem. And here are a couple other things that propelled me on my initial journey:

Support Yourself: my coach, my friends, my family, and my incubator intensive at Ladies Who Launch all gave me the feedback that was missing. When you work for yourself, you have to seek this out. Also, there are so many free resources to help guide you online. No matter what topic, there is someone who has been there, done that. Sites like Network Solutions’ Grow Smart Business are wonderful resources for today’s entrepreneur.

Create Your Vision and a Plan to get there: I was very clear on the “end state” vision of my business, which is essential, but then I created milestones along the way to keep me moving forward on the journey (i.e. soft launch, branding complete, website complete, launch party, etc.)

Do One Thing to Move your Business Forward Every Day: No matter what, I did at least one thing to move myself forward. I made a call, I got feedback on my copy for the website, I told a friend what I was doing, I sent an email to a potential client, I got on Twitter, I posted on Facebook. I just kept putting one foot in front of the other.

Trust Your Passion: I am in continuous disbelief that I get paid to do this every day. When we are doing something we truly love, it does not feel like work, which should tell you it’s the right job for you. If this is truly something you love, trust yourself and go!

Rebecca Rodskog is a NYC-based change management consultant, coach, actor and mom of two. Visit her website at www.rodskog.com and tweet her at @beccalynn.