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Atricle Dump - How To Double Your Business in 2006, Part II
Building Corporate Credit - The Best Way Start A Business ational, “How are you doing and can I help you?”)
Phone call every 3 months
Snail mail newsletter every 3 months (alternate with phone call)Introduction;A few years ago my wife and I used to work for a major retail company, we held positions of supervisor and manager respectively. We both wanted to start our own company but we were scared of the financial implications that it will have on our lives. Eventually we left the company, we still wanted to start our own company but we did not have the money or the resources to get started. That is when I started to do alot of my research.You would still have to spend money;When you look at this corporate credit building companies out there no tell you that you will have to spend money anyway, or some some programs cost you way too much. I will tell you the most that you may need to spend. $500 if Using this approach, you are hitting the prospect 26 times per year with different forms of media on a consistent basis. It is important that you use email, regular mail, phone, and any other method you can think of to stay in touch as not all people respond to the same types of contact. It is not a miracle that when it comes time to buy, they will think of you first. And what makes this all possible? Your bullet-proof database system, of course. Hard work There is no substitute for this basic strategy. Work hard and you will see results. If you find it difficult to work a long day, try getting to work just a half hour earlier every day, and leav All You Wanted To Know About B2B Portals In part one of this article, we talked about the importance of database management in the success of your business. If you haven’t already started your database, it is absolutely critical that you go back to part one of this article and get started on your database before moving on to part II. This essential business strategy is the foundation for your goal of doubling your business in 2006.B2B (business-to-business) websites include all internet-based technical solutions which facilitate services in the establishment of new trading relationships between companies and supporting the existing relationships. It can be termed as an e-market for e-business transactions. A B2B portal primarily serves as a platform for wholesalers, retailers, distributors and manufacturers to carry out their business activities online. It allows electronic transfer of orders, invoicing and payments. B2B stands for business to business, so in B2B site the communication and transaction is between one business ventures to another business venture, here the targeted customers are not approached directly, it does not sell directly to the end user.B2B site has bec Now that you have your database underway, it’s time for me to reveal five more strategies that I used to double my business in 2004 and more than double my business in 2005. Let’s get started. Multiple sources of business Part one of this article ended with one of the most difficult questions that every business faces: Where will you get the prospects to start building your database? Depending on your business, it should not be a difficult task to brainstorm 10 different ways in which you could come into contact with potential prospects. No matter what your business is, here are a few sources for prospects to get the gears in your brain going: Friends and relatives, hobbies, church, internet or website promotion, writing articles for the newspaper or local newsletters, aligning with business partners who could refer their clients to you, door to door, purchasing lists, direct mail, leads groups, volunteering, and referrals from past clients. Some of these methods may not be your cup of tea, but there should at least be a few that seem like something you can get your arms around. One of the critical mistakes a failing business makes is to rely on only one source of business for generating prospects. I made this mistake early in my career by focusing completely on the internet. The problem was that if the internet didn’t produce a good crop of prospects one month, I would go through the inevitable up and down roller-coaster ride that many business people experience. The secret to an ever-growing and consistent business is to choose four or five sources of business that can consistently, month in and month out, funnel quality prospects in your direction. Why four or five you ask? The reason is that if you diversify into several sources, if one is not productive one month, the others will still provide you with quality, fresh prospects. Instead of the up and down roller-coaster, you will instead be on a steady upward sales trend that will continue to grow over time. So now that you are producing quality prospects, what do you do with them? That goes into the next strategy: Consistent follow up I operate under the philosophy of “never give up on a prospect.” I have systems in place to consistently and continuously follow up with prospects, clients, and business partners literally forever. Most of these systems are on auto-pilot and actually take very little of my personal attention on a day-to-day basis. If you start operating with this follow-up philosophy in mind, and you are continuously cramming your sales funnel full of quality prospects, eventually they will start coming out the other end at a faster and faster rate. Here is an example of a simple follow up system that you could use for your prospects: Once per month: informational email (article, ezine) Every two months: email hello (conversational, “How are you doing and can I help you?”) Phone call every 3 months Snail mail newsletter every 3 months (alternate with phone call) Using this approach, you are hitting the prospect 26 times per year with different forms of media on a consistent basis. It is important that you use email, regular mail, phone, and any other method you can think of to stay in touch as not all people respond to the same types of contact. It is not a miracle that when it comes time to buy, they will think of you first. And what makes this all possible? Your bullet-proof database system, of course. Hard work There is no substitute for this basic strategy. Work hard and you will see results. If you find it difficult to work a long day, try getting to work just a half hour earlier every day, and leavi Preparing Your Company for Audits siness, it should not be a difficult task to brainstorm 10 different ways in which you could come into contact with potential prospects. No matter what your business is, here are a few sources for prospects to get the gears in your brain going: Friends and relatives, hobbies, church, internet or website promotion, writing articles for the newspaper or local newsletters, aligning with business partners who could refer their clients to you, door to door, purchasing lists, direct mail, leads groups, volunteering, and referrals from past clients.It is inevitable. It happens every year. Hiding from it or ignoring it won’t make it go away. The dreaded company audit; there is no way around it, so companies must do their best to comply with the current standards. And to be able to prove that they are meeting those standards. The compliance regulations companies must strive to meet are HIPAA for the medical field and Sarbanes-Oxley regarding any company’s financial records.There are records management systems today that make the auditing process simple and painless. Each time there is activity within the records management system, the event is recorded to a log file. For example, when a medical record is updated by a doctor, the event is recorded, dated, and saved for future confirmation Some of these methods may not be your cup of tea, but there should at least be a few that seem like something you can get your arms around. One of the critical mistakes a failing business makes is to rely on only one source of business for generating prospects. I made this mistake early in my career by focusing completely on the internet. The problem was that if the internet didn’t produce a good crop of prospects one month, I would go through the inevitable up and down roller-coaster ride that many business people experience. The secret to an ever-growing and consistent business is to choose four or five sources of business that can consistently, month in and month out, funnel quality prospects in your direction. Why four or five you ask? The reason is that if you diversify into several sources, if one is not productive one month, the others will still provide you with quality, fresh prospects. Instead of the up and down roller-coaster, you will instead be on a steady upward sales trend that will continue to grow over time. So now that you are producing quality prospects, what do you do with them? That goes into the next strategy: Consistent follow up I operate under the philosophy of “never give up on a prospect.” I have systems in place to consistently and continuously follow up with prospects, clients, and business partners literally forever. Most of these systems are on auto-pilot and actually take very little of my personal attention on a day-to-day basis. If you start operating with this follow-up philosophy in mind, and you are continuously cramming your sales funnel full of quality prospects, eventually they will start coming out the other end at a faster and faster rate. Here is an example of a simple follow up system that you could use for your prospects: Once per month: informational email (article, ezine) Every two months: email hello (conversational, “How are you doing and can I help you?”) Phone call every 3 months Snail mail newsletter every 3 months (alternate with phone call) Using this approach, you are hitting the prospect 26 times per year with different forms of media on a consistent basis. It is important that you use email, regular mail, phone, and any other method you can think of to stay in touch as not all people respond to the same types of contact. It is not a miracle that when it comes time to buy, they will think of you first. And what makes this all possible? Your bullet-proof database system, of course. Hard work There is no substitute for this basic strategy. Work hard and you will see results. If you find it difficult to work a long day, try getting to work just a half hour earlier every day, and leav Less Clutter- More Clients mistake early in my career by focusing completely on the internet. The problem was that if the internet didn’t produce a good crop of prospects one month, I would go through the inevitable up and down roller-coaster ride that many business people experience.Every business wants to look good for their clients. Whether this means maintaining a shop to high standards or keeping a customer-friendly office, businesses want to ensure that their clients feel welcome and that they're exposed to the best possible aspects of the company. However, there's much more to keeping a work environment looking good than mere presentation: efficiency of work also holds a large stake in the matter.There are countless aspects to any business environment, ranging from the actual building where a business is based to specialised departments such as IT and administration. However, with all the strategic and developmental processes within a company, it can be difficult to organize operational aspects such as maintenance. For th The secret to an ever-growing and consistent business is to choose four or five sources of business that can consistently, month in and month out, funnel quality prospects in your direction. Why four or five you ask? The reason is that if you diversify into several sources, if one is not productive one month, the others will still provide you with quality, fresh prospects. Instead of the up and down roller-coaster, you will instead be on a steady upward sales trend that will continue to grow over time. So now that you are producing quality prospects, what do you do with them? That goes into the next strategy: Consistent follow up I operate under the philosophy of “never give up on a prospect.” I have systems in place to consistently and continuously follow up with prospects, clients, and business partners literally forever. Most of these systems are on auto-pilot and actually take very little of my personal attention on a day-to-day basis. If you start operating with this follow-up philosophy in mind, and you are continuously cramming your sales funnel full of quality prospects, eventually they will start coming out the other end at a faster and faster rate. Here is an example of a simple follow up system that you could use for your prospects: Once per month: informational email (article, ezine) Every two months: email hello (conversational, “How are you doing and can I help you?”) Phone call every 3 months Snail mail newsletter every 3 months (alternate with phone call) Using this approach, you are hitting the prospect 26 times per year with different forms of media on a consistent basis. It is important that you use email, regular mail, phone, and any other method you can think of to stay in touch as not all people respond to the same types of contact. It is not a miracle that when it comes time to buy, they will think of you first. And what makes this all possible? Your bullet-proof database system, of course. Hard work There is no substitute for this basic strategy. Work hard and you will see results. If you find it difficult to work a long day, try getting to work just a half hour earlier every day, and leav Plastic Injection Molding hat do you do with them? That goes into the next strategy:What is Plastic Injection Molding?Injection molding is a molding procedure whereby a heat-softened plastic material is forced from a cylinder into a relatively cool cavity giving the article the desired shape. Injection molding is a manufacturing technique for making parts from plastic material. Molten plastic is injected at high pressure into a mold, which is the inverse of the desired shape. The mold is made by a mold maker from metal, usually either steel or aluminum, and precision-machined to form the features of the desired part. Injection molding is very widely used for manufacturing a variety of parts, from the smallest component to entire body panels of cars.The process of plastic injection molding An injection molding mac Consistent follow up I operate under the philosophy of “never give up on a prospect.” I have systems in place to consistently and continuously follow up with prospects, clients, and business partners literally forever. Most of these systems are on auto-pilot and actually take very little of my personal attention on a day-to-day basis. If you start operating with this follow-up philosophy in mind, and you are continuously cramming your sales funnel full of quality prospects, eventually they will start coming out the other end at a faster and faster rate. Here is an example of a simple follow up system that you could use for your prospects: Once per month: informational email (article, ezine) Every two months: email hello (conversational, “How are you doing and can I help you?”) Phone call every 3 months Snail mail newsletter every 3 months (alternate with phone call) Using this approach, you are hitting the prospect 26 times per year with different forms of media on a consistent basis. It is important that you use email, regular mail, phone, and any other method you can think of to stay in touch as not all people respond to the same types of contact. It is not a miracle that when it comes time to buy, they will think of you first. And what makes this all possible? Your bullet-proof database system, of course. Hard work There is no substitute for this basic strategy. Work hard and you will see results. If you find it difficult to work a long day, try getting to work just a half hour earlier every day, and leav Handling Challenging Situations with a Customer-Focused Mindset ational, “How are you doing and can I help you?”)
Phone call every 3 months
Snail mail newsletter every 3 months (alternate with phone call)Most Customer Service Professionals deal with many challenging customer situations. These situations may include:• A customer who is upset about the quality or delivery of our product/service.• A product return or a cancellation of services.• Incorrect information given to the customer.• A customer who is negative toward your company due to past experiences.• Confrontational issues and conflict.• Angry customers.• Explaining a company policy or procedure.• Fielding a request to escalate a call to management.The ultimate goal in these challenging situations is to provide a win-win solution. We want our customer to leave the interaction feeling listened to, well taken care of, and valued. A cu Using this approach, you are hitting the prospect 26 times per year with different forms of media on a consistent basis. It is important that you use email, regular mail, phone, and any other method you can think of to stay in touch as not all people respond to the same types of contact. It is not a miracle that when it comes time to buy, they will think of you first. And what makes this all possible? Your bullet-proof database system, of course. Hard work There is no substitute for this basic strategy. Work hard and you will see results. If you find it difficult to work a long day, try getting to work just a half hour earlier every day, and leaving a half hour later. That will add 5 hours to your week which you can use to generate more business. Ask for Referrals Most of your clients, if you are doing an outstanding job, would gladly refer a friend, family member, or co-worker to you, but many times they do not even think of it unless you mention it. Don’t be shy after you have done a good job for a client, to directly ask them for a referral, you deserve it. Be specific and ask for a referral from a specific group within your client’s circle of influence. For example, ask them if they have a co-worker who could use your services, or ask for a referral of a friend from their church if you know they are active in church. This helps your client focus in on a manageable segment of their circle of influence so they can more easily think of a particular person who could use your service. Be Ethical This last business building strategy seems obvious, but it has to be mentioned. You absolutely must do business in an ethical, honest manner, with the best interests of your client in mind at all times. Run your business with a long term philosophy of repeat clients and word-of-mouth advertising in mind. If you are ethical, people sense it and will gravitate to you and trust you. With a loyal base of clients, you will eventually build a solid business that will withstand the test of time and provide you with a long term, rewarding career. Triple Your Business in 2006? It is my sincere desire that these strategies will help you achieve the kind of success I have had the past two years. My personal goal is to no less than triple my business in 2006, and after two years of seeing these systems develop, this goal seems very attainable. If you would like one-on-one coaching on more specific strategies I have used, please consider me a resource and feel free to contact me. Good luck in 2006!
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