The Content Maker

October 22nd, 2008

Researching Investment Opportunities

I’m an entrepreneur who is always on the lookout for new investments. I keep my eyes and ears open, and that means reading business reviews and industry reviews. A business journal can provide a lot of valuable information about different industries and help me decide where to allocate my funds. I’m a cautious investor who does a lot of research before picking which companies I want to buy into. There are many that are not managed very well, even though they might provide a good product or service. Investors who don’t do their homework can lose a lot of money; that certainly has happened to me in the past. After a few losses like that, I learned a few things and don’t intend on making the same errors in judgment and repeating the same mistakes.

I’ve become more careful with how I invest; that’s why my investments have done better than in the past. Although I like to invest in American companies, part of my funds has gone overseas because I don’t believe in putting all my eggs in one basket. It’s important to spread the risk around and stay diversified. That’s what the pros always say we should do.

June 12th, 2008

Poor Customer Service - Are Your Customers Driving Away Other Customers

Posted by admin in Commerce Opps

Every customer you have is a word-of-mouth
advertiser for you. Unfortunately 90% of this free
advertising is negative. Your goal is to get
positive-word-of-mouth advertisers.

Think about it, how do you decide where to shop? Your chief consideration may be location or price, but service is a silent draw that cannot be overlooked.

Years ago we went to a get our oil changed at the Citgo station at Rochester and Hamlin in Rochester Hills. The owner was in tough competition with the established shop across Rochester Road. We were first in line and the shop really did achieve their time goal as we were pulling in the bay in just over 5 minutes. To our surprise the owner came to the window and offered us free pop because of the “long wait” on a hot day. He also offered lollipops to our children after getting our permission. It is now ten years later and every oil change on both cars have been done at his shop. What was his cost? Two cans of pop and two lollipops. To be honest I cannot tell you how his price compares to the shop across the street, but I don’t care. Anyone that takes care of the customer like he did on our first visit has integrity and places customer service as a top goal. Not only has he received our total business, we also told this story a hundred of times to friends and at conferences.

Word-of-mouth is a very powerful advertising tool. With competition as intense as it is today people are looking for ways to determine at which of the many resources available to spend their money.

The emphasis on word-of-mouth advertising is getting a lot of attention at colleges in and near Allentown, Pennsylvania. College freshmen can now go to several Internet sites to determine into which professors class they should strive. The sites list comments about the professors posted by former students. Although the colleges say the sites do not agree with the evaluations they are receiving at the end of the classes, the sites have increasing in the number of web hits they receive. According to Christina Gostomski of the Allentown Morning Call (May 16), students like the sites because they want to make sure they aren’t wasting tuition dollars.

Word-of-mouth advertising is also recognized by Google as having max impact, and they have the results to prove it. According to Forbes.com (May 22) the Internet advertising company built their new service, Adwords, on word-of-mouth advertising. “The response was so enthusiastic that by February 2002 Adwords had been extended to all Google listings. It grew to 100,000 bidders in ten months, and thousands more advertisers are still signing up.” according to Forbes.

Increasing positive-word-of-mouth requires that one is in tune with the customer. There are two facts that work against this free form of advertising:

1. Negative word-of-mouth advertising is ten times more common. Unfortunately people are more likely to talk bad than they are to talk well of an organization.

2. Unsatisfied customers are not likely to make their feelings known. While it is true that some are overly vocal, the majority tend to keep quiet.

To identify unsatisfied customer you must be alert to their tone of voice, how they walk out of your place of business, whether or not they look you in the eye, and (perhaps most importantly) does your place of business say, “Welcome, we’re glad you’re here!”

As for the vocally unhappy, conflict resolution skills are vitally important. A business person must be on there “A” game every time a conflict arises, and they must be equipped to handle the problem.

The type of word-of-mouth advertising that your organization receives is totally up to you. Now that you know you will receive word-of-mouth advertising, as evidenced by the college professors and Google, you must make a choice as to how prepared you will be to influence the ads themselves.

Rick Weaver - EzineArticles Expert Author

Rick Weaver is President of Max Impact, a national leadership and organization development company based in Rochester Hills, Michigan. Rick is an accomplished business executive with experience in retail, market analysis, supply chain and project management, team building, and process improvement. He has worked with hundreds of companies to improve sales, processes, and bottom-line results. MaxImpact offers leadership and organizational development services along with employee assessments and background checks. Contact Rick at 248-802-6138 or via email, rick@getmaximpact.com. MaxImpact is on the web at http://www.getmaximpact.com.

April 25th, 2008

The Remarkable Power of Thank You!

Posted by admin in Commerce Opps

An easy thing to forget in the midst of our frenzied lives is the simple act of saying “thank you.” Who has the time to slow down for such old-fashioned pleasantries? And yet, by incorporating a thank-you strategy into your marketing, I promise you’ll reap immense rewards.

You’ll stand out because it’s not something that other business owners are in the habit of doing. Extending age-old courtesies now actually gives you an edge in the marketplace. It goes a long way toward cementing relationships with prospects and reinforcing customer loyalty.

One of the best ways to thank someone is a hand-written card. Get into the habit of writing notes. Keep a stack by your desk and scribble notes to customers, vendors, leads, associates, and mentors. Once you get started thanking people, you will find limitless opportunities. And guess what? People are tickled pink to receive a good, old-fashioned card.

Write a note that is sincere. Make sure you are expressing simple gratitude in your message, not a thinly disguised sales pitch. Don’t be afraid to be warm and personal. And in case you’re a chicken scratcher like me, don’t worry about the way your writing looks - scribble your note and send it anyway!

Timing counts! For the most part, express your appreciation within a couple of days.

Here are some different opportunities to thank people:

* A new client/customer

* Existing client/customer who gives you a new project

* Someone who makes a referral to your company

* A peer who gives you helpful advice

* As a follow-up after a meeting or phone call

* For a job well done by an employee, vendor, or associate

* When someone shows you a kindness

People like to feel appreciated and recognized. You’ll find that by thanking people, you will strengthen relationships. Your simple act of recognizing people will set you apart from your competitors. It will reinforce your bond with your clients, associates, vendors, etc. By, the way, don’t forget to thank employees - they like to be appreciated, as well!

And, it will bolster word-of-mouth referrals. When someone has been appreciated and they hear of someone who needs your services/products, guess whose company they will recommend?

The power of saying “thank-you” is a powerful, but simple marketing tactic. Make is a habit and you will reap the rewards.

ACTION STEP: Are you in the habit of saying thank you? No? Then go to the store today and pick up some cards. Make it a goal to send at least 1 card a day (yes, that’s 5 a week!). Not only is it part of effective marketing, but it’s a winning strategy that won’t let you down!

Copyright 2006 Marketing Maven

Wendy Maynard - EzineArticles Expert Author

Wendy Maynard, your friendly Marketing Maven, publishes REMARKABLE MARKETING, a weekly ezine for business owners, freelancers, and entrepreneurs. If you’re ready to skyrocket your sales, easily attract customers, and have more fun, get your FREE REPORT at: http://www.gomarketingmaven.com

April 5th, 2008

Get More Customers by Saving Them Time

Posted by admin in Commerce Opps

Personal finance columnist Scott Burns says that one way to find good investment choices is to watch your own spending patterns. After analyzing his own spending, he realized that he had shifted his business to companies that respected his time. In some cases, he was spending more money than he had before, but he was freeing up time he had been spending in stores, standing in line, etc.

I can relate. When I had more time than money, I was willing to spend time to save money. These days I find myself less and less willing to do so. I will pay more if it saves me time–and aggravation.

With all of us feeling more pressed for time these days, it is likely that your customers are making decisions about where they spend their money based on convenience. Yes, price and quality are important, but time has become an important part of our buying decisions.

How does this affect your business? To get and keep customers make it easy for them to do business with you.

  • Don’t make them spend a lot of time on the phone or in line.
  • Minimize errors that cause them to spend time returning merchandise or dealing with service issues.
  • Have business hours that conform to their schedules.
  • Go to them instead of making them come to you.
  • Make it easy for them to find what they need on your web site and in your physical location.

The less time customers have to spend dealing with you, the more time they have to do the things they want or need to do.

Cathy Stucker - EzineArticles Expert Author

Copyright Cathy Stucker. As the IdeaLady, Cathy Stucker helps authors, entrepreneurs and professionals attract customers and make themselves famous. Get resources such as free articles, online courses, marketing tips and more at Cathy’s Web site, http://www.IdeaLady.com/

April 3rd, 2008

Never Get Burnt by a Cycler Program Again!

Posted by admin in Commerce Opps

A cycler or doubler that offers nothing of real value is likely a scam and for the most part is illegal. Check out what you are buying, and look at the cylcling or doubling as a bonus or rebate. Cyclers and Doublers will never be the main-stay of an honest persons income, but what is wrong with purchasing valuable products and in the long run having the purchase price of those products given back to you two or more times?

Many people, “The Gurus”, are advocating the get in early and pull out 100% when you first cycle. This can make you that one shot of relatively quick cash, but leaves the others who joined behind you waiting for their turn. Why not give everybody a chance to cycle over and over, after all it is the money from those who joined after you that was used to make you cycle in the first place. In short the advice that is so freely being given out is steal from your neighbor and get out before you get caught having to wait.

People need to stop this get in and get out strategy. Make purchases from doubler or cycler programs of products that you need and use anyway. Provided that you only buy products and services from cycler programs that you need or want you can never get burnt.

Cyclers that offer nothing of value and are in place simply for the cycling aspect all fail or stall in very short order. The more reputable cyclers that offer true products and services, very often at bargain prices, are being hurt by the cycle and get out aspect that is being taught everywhere.

News of a cycler launch spreads like wildfire, a whole bunch of those get in quick and get out people wait at the door to grab what they can and leave. Those that come in after line the pockets of the first comers and are left wondering what happened. With the reputable cyclers, given time, the fast cash grabbers are gone and cycle times do come back down.

If you would not buy the product being offered by the cycler or doubler then you should not make the purchase. Never be burnt again, make sure that any cycler or doubler program that you consider joining delivers a quality product for your purchase price and you will never loose a dime.

Written by

Bill Jarboe
I can be found at http://www.mjv-affiliate-programs.com

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