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The
Small
Business Advisor
Newsletter for November,
2002
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CONTENTS
Notes, tips, etc
Communicating
Simple Marketing Strategies
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NOTES/TIPS/etc
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NEW SMALL BUSINESS ADVISOR WEBSITE FEATURE. Our "Real Small
Business" page will feature a new topic each week of interest
to small business owners and employees. Contributors host topics
with expertise in all areas of small business. Check the site each
week for something new! Click on "Real Small Business"
located in the bright yellow box on the homepage.
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NEAT RESOURCE. http://www.myownbusiness.org, was created to provide
a free and valuable resource to anyone trying to start a business.
Check it out – lots of valuable information for the entrepreneur
or small business owner.
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LOOKING FOR WAYS TO FINANCE YOUR BUSINESS? Read about SBA Loan Programs
For Small Businesses: http://www.sba.gov/financing/7aloan.html
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THINK YOU’RE ALONE? According to the SBA there are just under
6-million small businesses with 1-4 employees. This means plenty
of opportunity for business-to-business sales.
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COMMUNICATING
by Robert Sullivan
Considering how important written and oral communications
are in the business world, it is amazing how little attention is
given to these areas. Furthermore, most of us are not too good at
either. However, it is encouraging to note that improvements in
speaking and writing are easy to achieve and can pay big dividends.
This chapter will focus on suggestions for improving your performance
in both these areas.
WRITING
Your business success will rely to some extent on your ability to
write; so it is important that you assess your talents in this area.
The purpose of writing is simply to EFFECTIVELY convey a message
to the recipient ... no more and no less. The process has somehow
gotten completely out of hand. If you don’t believe me, take
out one of your insurance policies and try to read it. Is the message
clear? If you want a real chuckle, get hold of a government regulation
... any regulation ... and try to understand the message. Can’t
do it?
You must write clearly and not obfuscate (see what
I mean?) the message, since your business survival depends to a
great extent on making yourself understood. This chapter provides
some tips for making your message understandable.
WRITING GUIDELINES
Think first, then write. EVERYTHING you put on paper becomes a permanent
(and legal) record. You cannot take back what you have written and
mailed or faxed. Never write when you’re angry. In all cases,
if time permits, write your message, then come back to it the next
day for another quick review. It is true that everything looks different
with the morning light.
Keep the recipient in mind. Keep in mind who is
to get the message and adjust your text and writing style accordingly.
Correspondence to a customer should always be friendly and upbeat
even when discussing a problem.
Wrong: “Our warranty clearly states that
no returns will be accepted after 60 days. After that time the manufacturer
is responsible for any repairs.”
Better: “I am sorry you are having problems
with your lawn mower. As you know we do not accept returns after
60 days. As noted in the manual, you can return the mower to the
manufacturer for repairs. And, because we value you as a customer,
we will be happy to loan you our demonstration unit until yours
is returned.”
Now, make certain there is a big sign on the side
of the mower that states, “Loaner courtesy ABC Company.”
You get free advertising in your customer’s neighborhood.
Make your message as personal as possible ... it
makes you more believable.
Wrong: “We at XYZ will remain committed to serving you in
the future.”
Better: “I hope to see you in the store again
soon.”
Understand the purpose for the communications.
Include only what is required for clarity. In other words, don’t
beat around the bush. Your reader is looking for a certain message
... present that message early in the text, before the reader becomes
bored.
Wrong. “We appreciate the opportunity to
... blah blah ... XYZ has been in business for ... and we have furnished
similar ... blah blah ... Attachment 1 lists your cost for the items
requested.”
Better. “Ref: Your request for pricing dated
April 2, 1992. [chart of prices]. Thank you and please call with
any questions.”
People are busy, just like you are, and do not
want to be entertained by correspondence. They just want answers.
Obtain an independent review. If possible, have
someone review your correspondence for under-standing and clarity.
The message may be obvious to you and no one else. There is a story
told that Napoleon had his “dullest” foot soldier read
all his directives before they were sent to his generals. His thought
was that if this foot soldier understood the message, there was
no chance that anyone else would misinterpret his orders.
Proofread. It is amazing how many errors can be
found in correspondence. When this happens you immediately lose
credibility with the reader. Never mind how the error crept in ...
it is now too late. Proofread thoroughly. Do NOT rely on your word
processor’s spell checker ... it cannot interpret what you
are trying to say. For example it cannot make the correct decision
with respect to words like there/their, for/four, capitol/capital.
Do not rely on any of the software “grammar
checkers.” They are simply not good enough (yet) to be effective
and you cannot afford mistakes. “Sorry, Mr. Jones, but apparently
my computer did not understand what I was trying to say.”
Write deductively. In other words, make your point immediately and
follow up with the supporting facts. This allows the reader to get
to the point before losing interest. This ties in with under-standing
the purpose of the communications as discussed above.
Organize your writing. Start with an outline and
then fill in the specifics. In that manner, you will be assured
of an organized document.
Now for a few specific Dos and Don’ts for your correspondence.
WRITING GUIDELINES
Do pay attention to detail. Your correspondence should be neat with
correct spelling, grammar usage, and punctuation.
Do organize your material to present a clear message.
Do be precise. Use words with exact meanings.
Do use humor, if it’s appropriate, and especially
if the subject is dull ... it will help to keep the reader’s
attention.
Don’t be verbose. Read any legal document
for examples of this!
Don’t try to impress the reader with big
complex words. Just clearly state your message.
The best way to learn to write is to write. Practice!
Write letters to companies and ask for literature, begin a daily
diary, write to your mother.
SPEAKING
There are many situations where speaking effect-ively will make
the difference between winning and losing. Most of us rarely consider
how we speak or if our message is being perceived correctly.
Every book written about speaking in various situations
never fails to mention that speaking in front of an audience is
everyone’s number one fear (perhaps even edging out death!).
Maybe that’s true, and with a few pointers, it is amazing
how easy and, yes, enjoyable, public speaking can be. Incidentally,
an audience of ONE should be treated no differently than an auditorium
full of people.
When you are speaking, all eyes will be on you!
Therefore, everything, both audible and visual becomes important.
Your audience, whether one or many, is listening to the inflections
and tone of your voice and watching your body language and your
facial expressions. You will feel like you cannot afford even a
little mistake in either word or gesture. This is probably one of
the reasons everyone is so nervous about speaking. The answer to
alleviating your fears in this situation is easier than you might
think: Be aware of a few basic rules of speaking and then practice.
SPEAKING GUIDELINES
Dress for the occasion but make sure you are comfortable. Look in
a mirror before going “on stage.” Hair okay? Nothing
on your teeth? Fly zipped up?
Practice a smile and take a few deep breaths.
Smile at your audience, when appropriate.
Do not be afraid to gesture ... it is a great technique
for emphasizing a point. But don’t overdue it to the point
where you are always in motion which can be distracting to the listeners.
Talk in a conversational tone. Don’t “lecture.”
PREPARE. This is obvious and too important not
to mention. If you are prepared you will exude self-confidence that
will be apparent to the audience. Preparation means researching
so you understand your topic.
PRACTICE. Practice until you are satisfied with
your delivery.
Speak clearly, not too fast, with appropriate inflection, and keep
your text simple.
Big, impressive words are not necessary and can
be distracting when your audience tries to figure out what they
mean.
Make sure your message is organized, clear, and
to the point.
Stand (or sit) tall. Maintain a leadership bearing, erect and leaning
slightly forward.
Maintain eye contact with your audience. Ob-serve
other speakers and note how often they are speaking to something
other than their listeners. It is very distracting to an audience
to have a speaker address the ceiling or podium!
Use the pause effectively. A second or two of silence
is preferred over three or four “uh” or “ums.”
The stuttering speech that results from those little “uh”
and “um” sounds drive listeners crazy and makes it sound
like you don’t know your material. You lose credibility. So
don’t do it. Simply pause!
Do not argue or become confrontational with anyone
in your audience. If someone gives you a hard time, do your best
to ignore it or offer to speak with them at the end of your delivery.
Be honest. If you don’t know something, simply
say “I don’t know.”
Be yourself. If you put on an act, you lose sincerity
and credibility.
SUMMARY
The importance of communication cannot be over emphasized. Learn
to write clearly and speak effectively. Follow the basic rules presented
above and practice. Keep your written messages personal and to the
point. Deliver your spoken messages with sincerity ... be yourself
and be honest.
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3 SIMPLE MARKETING STRATEGIES
Copyright 2002 Bob Leduc
These 3 simple marketing strategies work for any
business. You can implement them quickly and produce immediate results.
They won't cost you much money. And the sales growth they generate
continues as long as you continue using them.
1. CREATE A SPECIAL COMBINATION OFFER
Combine several of your products or services into
a Special Combination Package with a price lower than the total
cost of buying each item separately. Promote it as a Special Offer
for a limited time. When you pass the expiration date, replace it
with another Special Combination Offer using a different selection
of products or services.
Special Combination Offers increase your total
sales by motivating hesitant customers to buy now so they can get
your "good deal". Special Combination Offers also increase
the size of your average sale. And bigger average sales generate
more total profit for you.
TIP: After you develop 3 or 4 different combinations
you can continuously recycle through the same series of offers.
This enables you to continue promoting Special Combination Offers
without taking the time to create new ones.
2. SINGLE OUT A SMALL CUSTOMER SEGMENT
Look for a narrowly defined niche within your targeted
market. Identify a specific group of potential customers with a
strong need (or desire) for the benefits provided by your product
or service.
Create a special version of your advertising catering
to the specific concerns and needs of prospects in this new market.
Customize your sales message so each prospect perceives your product
or service as the perfect solution to their unique needs.
For example, one person selling a lead service
to small businesses noticed that many of her clients were network
marketers or real estate agents. She created a customized web site
for each of these 2 niche markets. The sites looked similar. But
the content was different. A visitor to either site could assume
the lead service applied exclusively to their industry.
BONUS: A highly defined, small niche market also
insulates you from competition. Other small businesses are likely
to overlook it. And large businesses completely ignore small market
segments.
3. ESTABLISH A SUBTLE REFERRAL PROGRAM
Referrals from customers are easier to sell than
cold prospects. And they don't cost you anything. It's too bad you
get so few of them.
You can generate a continuous flow of referrals
with a simple but subtle Customer Survey. Send it to your customers
by postal mail, email, fax or post it on your web site. The survey
I use asks only 3 questions:
1. What did you like best about our (product or
service)?
2. What can we do to improve the value of our (product
or service) for you?
3. Who else do you know that wants to (state the benefit provided
by your product or service)?
The first 2 questions focus attention on the benefits
you provide. Your customers are more likely to volunteer referrals
at the 3rd question when they are already thinking about the value
of those benefits.
BONUS: You also gain something from the answers
you get to the first 2 questions. The first question often generates
a response you can use as a testimonial (with your customer's permission).
The second question may provide an early warning of a problem you
need to correct ...or it may alert you to an opportunity you can
exploit.
Select one
of these simple marketing strategies and start using it in your
business. It won't take much time or effort and you'll see results
almost immediately. Then repeat the process with each of the other
2 strategies until all 3 are part of your marketing system. You'll
enjoy a permanent increase in your sales volume for a very small
increase in your expenses.
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