|
We hope
you find this arcthve useful. A subscription to The Small Business Advisor
Newsletter is free. Subscribe now - it's easy!
The
Small
Business Advisor
Newsletter for October,
2000
CONTENTS
Notes, tips, etc
Veteran Entrepreneur's
Creating Successful Advertising Copy
Ten Important Steps for Installing Software
=======================
NOTES/TIPS/etc
---------------
BUSINESS PLAN MISTAKES. According to a new book to be published later
this year, "Business Plans to Game Plans," by Jan King, the five biggest
mistakes in writing a business plan are:
1. Not writing for
the target audience. Different plans should be submitted to banks, equity
investors, etc.
2. Underestimating the importance of the quality of the management team.
3. Starting with a boring, unenthusiastic executive summary.
4. Not adequately acknowledging your competition.
5. Saying too much. 30 pages is plenty!
---------------
TAX TIP. A small business (gross income less than $1 million) may take
a 50% credit on expenses up to $10K to remove barriers to the physically
challenged. Check with your tax advisor.
---------------
CHECKING LINKS ON YOUR WEBSITE. Try this inexpensive service: http://www.linkalarm.com/.
---------------
Trying to figure out a neat domain name for you new website? Visit http://www.nameboy.com
---------------
BUYING STATS. Many of you either have or are contemplating an online store.
Keep the following stats from bizrate.com and Datamonitor in mind:
1. The likelihood
a customer will buy again from your store is directly correlated (in order
of importance) to the following: Customer support, On-time delivery, Product
representation, Shipping/handling, and Posted privacy policy.
2. For every completed
online transaction nearly 4 times as many are not completed by the customer
for the following reasons: slow loading of pages, links to out-of-stock
products, and high shipping costs.
3. Four of five
buyers say they are likely to purchase from the same merchant again.
---------------
The Internet Marketing Center, http://www.marketingtips.com/t.cgi/7115
Marketing tips, strategies, and secrets for internet marketing, online
advertising and website promotion that will skyrocket your small, medium
or home based business profits through the roof.
=======================
VETERAN ENTREPRENEUR'S
by Robert Sullivan
There are numerous
specific resources available to assist veteran entrepreneurs. If you are
a vet, take advantage:
1) Small Business
Administration, http://www.sba.gov/vets
2) Finance and business
development assistance is available from your local SBA office. Find a
listing of all offices at http://www.sba.gov/regions/states.html
3) Register with
PRO-NET, a search engine used by contracting officers. If you are a service
disabled veteran-owned business be sure to indicate this fact when registering.
Visit PRO-NET at http://pro-net.sba.gov/ to register.
4) The Department
of Labor provides assistance in the areas of employment and training services.
Contact the Office of Veteran's Employment and Training Services at (202)
693 4700.
5) For general information
contact the Department of Veterans Affairs at 1 800 949 8387.
=======================
HOW TO CREATE SUCCESSFUL
ADVERTISING COPY
Copyright 2000 By Bob Leduc
Writing effective
copy for ads, web pages, sales letters and other marketing communications
isn't difficult when you know what works. After many years of trial and
error I developed a checklist of 7 "rules" I follow to create successful
advertising copy. These rules apply to writing copy for any type of marketing
communication.
1. DEFINE THE GOAL
OF YOUR MESSAGE Define what you want your message to accomplish before
you begin writing. Do you want to generate inquiries (leads)? Do you want
to get orders? What action do you want readers to take? How do you want
them to respond? Put your goal in writing and refer to it often as you
develop your message. Everything you write should directly support this
goal. Get rid of anything that doesn't.
2. KNOW YOUR AUDIENCE
AND WHAT THEY WANT Maybe everybody CAN use what you sell. But one targeted
group WILL be most likely to buy it. You can discover that group by defining
the characteristics of your best customers. Once you know your audience
and what they want you can personalize your writing to appeal to their
specific interests.
TIP: Advertising
copy produces the biggest response when each reader can believe the message
was written specifically for them. As you write, visualize you're writing
to one person instead of to a large group of people. This will help you
write in a less formal and more personal style.
3. APPEAL TO THEIR
SELF-INTEREST, NOT YOURS Customers don't care about you, your product,
your company, or your professional qualifications. They only care about
the benefit they get from buying your product or service. The only thing
a customer wants to know about your 1/2 inch drill is that it's guaranteed
to give them a 1/2 inch hole. Keep your ad copy focused on the benefits
you provide.
4. MAKE AN EMOTIONAL
APPEAL, NOT A LOGICAL ONE Your ad copy should dramatize the feeling your
customers get while enjoying the benefits provided by your product or
service. Get them emotionally involved so they want to start enjoying
those benefits immediately. Use word pictures and real life stories to
draw readers into your message.
5. DON'T GIVE THEM
ANY CHOICES You may spend a lot of time writing your sales message and
getting it "just right". Unfortunately, your prospects will rush through
it and make a fast decision. Don't slow them down with any choices. They'll
be afraid of making the wrong choice and will protect themselves by making
none. You'll lose sales.
EXCEPTION: Offer
many different ways to respond to your ad or sales message. Customers
already know whether phone, fax, online, etc. is more convenient for them.
They're more likely to act immediately when their favorite way to respond
is available.
6. MAKE YOUR BEST
OFFER
The offer is the
"deal" you're promoting (free information, special price, free bonus with
order, etc.). It's the only reason people respond to your advertising
copy. The stronger your offer the greater the response you'll get. Always
include the best offer you can afford and a reason to act fast.
7. SIMPLIFY EVERYTHING
Simple, clear copy is easy to read and understand. It propels your customer
to the decision point with no hesitation. After you've written your copy,
edit it for simplicity and clarity. Use lots of 1 and 2 syllable words.
Shorten sentences and paragraphs. This is especially important for your
web site where relief is just a click away.
Follow these 7 rules
the next time you write new advertising copy. Use them as a checklist
to evaluate your existing ads, web pages and sales letters. They're a
proven formula you can use to maximize the response you get from all your
marketing communications.
Learn more about
this topic by contacting Bob Leduc at bobleduc@aol.com. Ask about his
"How to Build Your Small Business Fast With Simple Postcards" manual.
=======================
Ten Important Steps
for Installing Software & Upgrades Safely
by Meredith L. Keller
Operating systems...
programs... updates and upgrades! New software is being released every
day. It's more important now than ever before to install new software
safely and properly. Here are a few tips to help limit your chances of
business interruptions or data loss disasters.
1. Backup your current
system completely.
Before installing
any software program, operating system or upgrade, perform a complete
backup of your current system. This step is extremely important when the
software you're installing affects or replaces your operating system.
Include everything, especially software you may not wish to install separately
should the need arise. Be sure to include all system files and any work
files that could become lost or damaged.
2. Install new software
when you are rested and mentally refreshed.
Don't try to install
new programs or operating systems when you are tired from a hard day of
work or play. You need to be able to concentrate on what you are doing
and the effect it will have on your computer system or network.
3. At work, install
software, upgrades and/or operating systems first thing in the morning.
Make certain all
critical files have been backed up properly. Attempt installation early
and before you start conducting new business. In the event there is a
problem, assistance is usually easier to obtain during regular business
hours, and there is less chance of needing to reconstruct new business
transactions.
4. Make certain
your system meets minimum requirements.
Pay close attention
to the minimum equipment-space-memory requirements of the program, upgrade
or operating system. Make absolutely certain your computer system meets
or exceeds ALL requirements; if you're uncertain, contact a qualified
technician who can verify the components and capabilities of your equipment.
Many data loss disasters occur when operators or system owners think "Close
enough is good enough!"
5. Practice installation
on a spare, standby or test computer.
If you have a standby
system or spare computer, practice installing all new software here first...
leaving your main system intact and operational. Any mistakes you make
or problems you encounter will not affect your working system. Try different
settings and installation methods. Once you are comfortable with the procedure
and have "ironed out the wrinkles," go ahead with installation on your
primary system.
6. Make sure your
backup program is compatible with the new software.
You may need to
upgrade or purchase different backup program software when you install
a new operating system. Make certain you can access and restore files
from older backup tapes, diskettes, CD-ROMs, etc. Planning ahead may save
you a lot of time and effort converting media files.
7. Uncomfortable
installing software? Contact a qualified technician to assist you.
Don't try to "go
it alone." It's far better to seek assistance than to risk damaging or
destroying equipment or files or crashing your system.
8. Understand how
your older programs will function with the new software.
Some of your older
programs may not function properly... especially if you're installing
a new operating system. Some programs may perform more slowly or not at
all. Once you've installed the new software or operating system, test
all aspects and features of any programs critical to your business. If
you anticipate a problem with a particular program, contact the software
developer or manufacturer in advance.
9. Train ALL operators
on the proper use of new software.
Proper training
will eliminate many operator errors that can cause system crashes, scrambled
data, lost files and business interruptions. Read manuals, help files
and all available literature to become familiar with your new software.
Don't assume everything will operate in the same fashion. If other members
of your staff will be using the new software, train them, too. Either
train them yourself or enroll them in a class for the software or operating
system.
10. Start backing
up your new software immediately!
You've spent a considerable
amount of time and effort setting up the program or operating system properly.
Now save it... make a backup copy... protect it! It makes no sense to
have to do it all over again. Make certain your backup software is including
these new files and directories as well as adjustments to other system
and configuration files.
Visit Meredith L.
Keller, Executive Director of the Disaster Prevention & Recovery Alliance,
at http://www.dpra.net/index.htm.
Return
to top of page
- Back to Home Page
- Back to Archive Index
|