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We hope
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Newsletter is free. Subscribe now - it's easy!
The
Small
Business Advisor
Newsletter for August,
2002
========================
CONTENTS
Notes, tips, etc
Ten Easy Ways To Keep Customers
Pro-Net - A Free Marketing Tool
Irresistible Sales Offers
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NOTES/TIPS/etc
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NEW POSTAGE RATES ARE NOW IN EFFECT. Sorry, folks, it's another
increase. When shipping be sure to check the cost of using UPS or
FedEx … might be cheaper. New rates took effect June, 30,
'02
First Class Mail - 1st ounce: .37
Additional oz - .23
Stamped Card - .25
Priority Mail, up to 1lb - 3.85
Express Mail, up to 1/2lb - 13.65
Express Mail, over 1/2lb, up to 2lb - 17.85 Certified Mail charge
- 2.30
Return Receipt - 1.75
Insurance, up to $50 - 1.30
Insurance $50.01 to $100 - 2.20
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FREE FROM THE IRS: The Small Business Resource Guide, CD-ROM 2002
provides critical tax information to small businesses including
forms, instructions, and publications. The CD also provides valuable
business information from a variety of government agencies, non-profit
organizations, and educational institutions. The CD contains essential
startup information needed by new small businesses in order to be
successful. Copies can be ordered from the IRS by calling (800)
829-3676 or visiting http://www.irs.gov/smallbiz.
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USEFUL SOFTWARE DEPARTMENT. Want an easy way to back up your entire
harddrive? Look into Drive Image 2002 by PowerQuest. Inexpensive
and a very neat way to generate complete backups. http://www.powerquest.com.
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TRAVEL SUGGESTION. Save time and hassle at the airport; ship your
luggage to your destination using FedEx (usually cheaper than UPS).
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LONG DISTANCE TELEPHONE TIP. Don't forget to check each month's
statement to ensure you are not being overcharged AND that you haven't
been "switched" to a new long-distance carrier! To check
who your current carrier is call (toll-free) 1 700 555 4141.
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BUSINESS INSURANCE. Just a reminder that if you are operating a
home-based business the chances are good that your homeowners policy
will not cover business-related losses. However, most insurance
companies can accommodate your small business needs. Check with
your agent. Do it now before you forget.
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TECH TIP (Microsoft Word). Here are two, little known but very handy
key-stroke combinations you will find useful:
Shift+F3 allows
you to change case. (Hold down Shift and cycle through options by
repeatedly depressing F3).
Ctrl+right bracket allows you to increase font size by one point.
Repeated use will keep adding a point. Ctrl+left bracket reduces
size by one point.
Highlight the text you want to change.
========================
TEN EASY WAYS TO KEEP CUSTOMERS
by Robert Sullivan
You are probably
spending a good deal of time and money finding customers but don't
forget than keeping them is just as important. Maybe even more important.
Remember that it is much less expensive keeping a customer than
finding a new one. Keeping customers means keeping them satisfied
- do this and you gain another sales person for your business! Satisfied
customers love to talk about their positive buying experiences.
It is important
to try and see yourself from the customer's perspective! Little
things make a difference. Be willing to change anything that makes
a customer the least bit uncomfortable. Call your own business -
did you get a friendly voice? The help you needed? Would you call
again?
I'm sure you
don't need reminding but ... just in case ... treat your customers
just like you would want to be treated!
These suggestions
will help you keep existing customers:
1. Make sure
your employees understand that a customer is as important as you
and that their continued employment is directly related to how that
customer is being served.
2. Stay in
touch with existing customers. The best customer is a repeat customer.
Let them know you're still around - use e-mail, phone calls, send
birthday cards, postcards, etc. I get a birthday card for my car
each year from the dealership - very clever!
3. Don't use
an answering machine unless absolutely necessary. If you do, keep
your message short and to the point - don't waste your customers'
time! Again, if possible, don't use "multiple level" answering
devices. Press 1 for; Press 2 for; etc. Doesn't this drive you crazy?
Your customer is no different. If possible, answer the phone yourself.
You are your own best sales person.
4. The customer
is not always right BUT if you find yourself in a situation in which
you are trying to satisfy a customer remember that you want this
customer back! Be contrite and attempt to educate rather than argue.
You may lose but ... you may win!
5. Remember
that EVERYone is a potential customer so treat everyone accordingly.
Don't be fooled by appearances, etc.
6. Make sure
your telephone is answered within TWO rings. Before picking up the
phone put a smile on your face. It's hard to sound unfriendly while
smiling. Be upbeat and stay focused on the call.
7. Periodically
provide something free for your existing customers.
8. Have "preferred
customer" sales.
9. Remember
that "your computer" is never at fault. If a customer
has a problem it's YOUR fault. Don't make your problem the customer's
- fix it quickly.
10. If you
deal in an expensive product or service with only a few customers,
follow up each sale with a formal written communication thanking
the customer for their business and letting them know you are always
available for further assistance.
========================
PRO-NET - A FREE MARKETING TOOL
by Robert Sullivan
Pro-Net (http://pro-net.sba.gov)
is an electronic gateway of government procurement information for
small businesses. It is a marketing tool and a "link"
to procurement opportunities and important information. Pro-Net
is a cooperative effort among The Small Business Administration
(SBA) and a number of government based minority associations.
Pro-Net's database
contains information on nearly 200,000 small, disadvantaged, 8(a)
and women-owned businesses. It is used by federal and state government
agencies as well as prime and other contractors seeking small business
contractors, subcontractors and/or partnership opportunities. Pro-Net
is open to all small firms seeking federal, state and private contracts.
Businesses
profiled on the Pro-Net system can be searched by SIC codes; key
words; location; quality certifications; business type; ownership
race and gender; EDI capability, etc., making it a great procurement
tool.
Businesses
can easily include their company information (profile) via Pro-Net's
website at http://pro-net.sba.gov/ by filling out a form. Once listed
you will be responsible for your business profiles and other information
current.
Profiles are
structured like executive business summaries, with specific data
search fields that are user-friendly and designed to meet the needs
of contracting officers and other potential users.
Profiles also
provide vendors an opportunity to put a controlled "marketing
spin" on their businesses. Companies with "home-pages"
can link their web site to their Pro-Net profile, creating a very
powerful marketing tool.
The Pro-Net
website also provides a number of useful links to other sources
of procurement opportunities.
Get listed
today - it's free.
========================
IRRESISTIBLE SALES OFFERS - The Siren's Song To
Faster Sales
by Dan McComas
Your mission
is to get your prospects or clients to act on your offer sooner
than later. That means using interactive marketing techniques that
ask them to write, phone, request free literature, take advantage
of a free initial consultation or seminar program, return a coupon
or send a check. Remember, your prospects need (and like) to be
given clear, precise directions and it's your job to tell them what
to do!
People don't
like to change or try new products and ideas. If you're convinced
that your product or service can help them (and you'd better have
that conviction or your sales will suffer), it's to your advantage
and the benefit of your prospects to motivate them to try your offering
now! Unfortunately, people are slow to move. Most will not respond
to your first offerings. But that's exactly why your "9/18"
Relationship Marketing System is up and running, right? It's up
to you to tell your prospects, clients and customers what you want
them to do and to make it easy for them to do it.
Rewards Give
People A Reason To Read, Listen And Act FASTER!
A publisher
offered university professors a choice between an attractive pen
and an abacus if they would read several chapters of an innovative
computer textbook, provide their comments in writing, and return
a survey card by a particular date. The promotion worked like a
dream. It prodded the professors to open the book, read the chapters
and consider a new way of presenting introductory computer curricula.
Additionally, thousands of cards were returned and the publisher's
salespeople, armed with each professor's favorable comments or concerns,
were able to gauge their prospects' degree of interest and answer
objections faster.
Your Offers
Must Be Relevant
Try to create
offers and premiums that will logically tie in to your product or
service. Can you see how the pen and abacus mentioned above were
appropriate premiums for professors in the textbook market? Offers
and premiums are only limited by your imagination. Here are several
examples to stimulate your thinking and rocket your response rate:
Offer free
consultations, examinations, seminars, estimates, demonstrations,
catalogs, samples, gifts and survey reports. Ask for action-write,
phone, request free literature. Provide a money-back guarantee.
Announce limited qualities. Use "bill me later" statements
(however, give them something extra if they pay with cash now. Success
magazine is giving away a free motivational book when you pay with
cash to renew your subscription). Use early-bird discounts. Offer
"mystery" gifts. Offer private sales or charter memberships.
Promote limited time offers. Offer free special report, booklet,
book, audio/videotape, or checklist (e.g., 17 Ways To Boost Direct
Mail Response; Money-Saving Negotiating Tips For Meeting Planners).
Make one-time only offers. Use referral gifts. Offer multiple gift
premiums. Use sweepstakes and contests. Include a detached reply
device. Use involvement devices like check-off boxes. Provide free
shipping. Offer a bulk-purchase discount. Make a get acquainted
offer-3 free widgets-can cancel after that. Use 800 number answer
lines or hotlines.
Why are offers
so effective? Think about human nature. People naturally respond
better to deadline pressure (remember exams?) and will act faster
if they feel they're going to lose out on something. So, whenever
possible, try to create a sense of urgency with time-limited, product-limited,
one-time-only offers and fast-response discounts to boost your chances
for greater responses and results.
(Dan McComas
is an author, public speaker, and corporate trainer can be reached
at promocoach@aol.com
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