Categories
Operations

How can CRM systems help small businesses with e-marketing?

When you’re looking to grow a small business, your marketing strategy is one of the most important things you need to consider. However, even though e-marketing can be a fantastic tool for businesses looking to make more of what they do, it’s important to be careful with the action you take so it has as much impact as possible.

This is why it is so important to consider customer relationship management whenever you are working on anything to do with e-marketing. This is particularly important for small businesses, as it is likely much of your business depends on high quality customer service and understanding your market base.

Companies like SAGE offer CRM software is something that can help you to coordinate your e-marketing campaigns and target your marketing at the right customers. This really matters because marketing incorporates many different departments of your business – the finance team need to know what’s going on for their accounts, the sales team need to be in the loop so they know exactly what to sell and your customer service staff need to know about the topics that are currently relevant to your customer base.

This is why a good CRM system will help you so much: it helps to centralise all your e-marketing information so communication between teams is made easier and more manageable. Employees can also use the software to track the progress of marketing campaigns so they know what action needs to be taken and when – you can also generate reports based on your activity, which can be a useful measure of your success.

Also, as you are probably aware, targeted marketing can be much more effective than a mass mail-out sent to your entire contact list. After all, your customers are likely to be a diverse bunch, with different interests. If, for instance, you are looking to market a particular product, you could use your CRM software database to identify the customers who have purchased something similar in the past and use them as the base for your campaign.

Good CRM systems also typically integrate e-marketing functions so you can carry out much of your work within the software, which is another useful management tool. For example, you could collate different groups of customers to send different emails to, and utilise marketing templates to form the material for your campaign. You can then utilise the report functions of your software to track issues such as your email click-through rate and determine your ROI.

Anyone reading this will undoubtedly be familiar with the internet, so you will most likely also be aware that often, using the internet can end up as something of an advertising overload. This helps to illustrate just how important it is for your e-marketing to be targeted and relevant to your customers, rather than just another generic advert on the internet. CRM solutions might not be able to guarantee all your customers will respond to your e-marketing, but they can certainly help ensure that you are sending the right message to the right people, giving your small business the best possible chance of marketing success.
 

Categories
Success Attitude

The One Thing You Must Do When the Deck is Stacked

The deck was stacked against me that morning…

I moved my daughter over the weekend which involved driving a truck and trailer for 17 hours, moving more stuff than I care to remember, and wrestling a bear of a refrigerator to the point of physical exhaustion and sleep deprivation…

My alarm clock went off an hour early because I forgot to reset it…and so did my coffeemaker…

I skinned my right thumb while moving furniture. It decided to bleed on my favorite white dress shirt as I put it on that morning…

I couldn’t find a band-aid in the medicine cabinet and was forced to wake up my wife to find me one so I wouldn’t stain another white dress shirt…next time, I’ll take my chances with the shirt.

My keys weren’t where I thought I left them which meant I hunted all over the bedroom, re-waking my wife, until I realized they were in my winter coat which I wore the previous night when unhooking the trailer…

I took a case of my best-selling Work Positive in a Negative World book to put in the back of the Suburban and when shutting the lift gate, slammed it into my head. Miraculously the gate was undamaged…

…and as I left the garage, it started snowing and I had a 4-hour, round trip drive.

All of this happened in one hour on one morning as I prepared to travel to speak to a group of insurance and financial services associates. Their state director was to be present which would hopefully mean a great deal of referral business…it was a big morning.

You can imagine that after all of these “challenges” what I really wanted to do was to take off the white shirt, and just get back in bed and sleep it off.

But I didn’t.

Instead, I just kept going.

Sure, I was frustrated…make that, angry, as I left.

Sure, I was more tired…make that, exhausted, as I started the vehicle.

Sure, I was doubting myself…make that, insecure, as I wandered if I’d make any sense at all in the presentation.

But I just kept going.

I drove down some snowy roads, my head hurting, exhausted, praying I’d make it safely.

I put a smile on my face, and presented for an hour like my life depended on it.

When it was all said and done, I received a standing ovation from the participants.

The meeting planner said, “Awesome.”

The state director joined in the standing ovation, clapping enthusiastically and the meeting planner said she’d sell him for me.

Even when it seems like the deck is stacked against you…

…just keep going.

It’s the one thing you must do if you will ever succeed against a stacked deck.

 

Categories
Starting Up

10 Ways to Start a Business on a Budget

Contributed by Ashleigh-Jayne O’Connell at Smarta.com

The rate of Home Business Start Ups is increasing year by year. The idea of being your own boss and focusing on something you enjoy and are passionate about often outweighs the knowledge new entrepreneurs have on funding and budget. Needless to say, every penny counts and here’s how to make each one stretch that little bit further.

Start at Home
Many successful entrepreneurs started their business from the comfort of their own homes. Renting a premises exclusive to your business is a huge cost especially when you’re profit isn’t steady. Working from home lowers the expenses that could be incurred during the early days and makes the balance between work and home life easier to manage, an ideal option for people with families. However, you still need to make sure that you focus all your time and dedication towards the business. Just because you’re at home doesn’t mean you can lounge on the sofa watching day time TV, there’s work to be done.

There’s nothing wrong with the cheaper option
Obviously we all want the newest, sleekest, fastest gadgets for our company but at this stage are they really necessary? Don’t waste all the money you have on something when there’s a cheaper option available that does exactly the same job. Computers and other gadgets can be so cheap these days that you can invest in this and start off your business quickly with minimum hiccups but still sticking to your budget. Use cheaper and more basic business cards and if you spot the opportunity for a freebie, jump on it straight away or you may regret it later.

Get an Online Identity
An Online Identity helps promote and protect your business. You can get listed for free through various forums such as the UKbusinessforums and 4networking and even through free directories such as craigslist. Becoming more visible in the online world can help your business gain international recognition and expand your business identity worldwide. Remember, think big.

Don’t be afraid to go to friends and family
Your business isn’t going to be a success straight away and even the most budget savvy person will have problems along the way. Maybe you don’t have the funds to put towards hiring an employee but the work load is too much for you to handle alone. You can ask for help. There’s no shame in reaching out to friends and family for financial assistance in the early days and they’re definitely much friendlier than a bank.

Blog!
Blogging is one of the cheapest ways to build your Online Identity and give you a brand name. Platforms such as Google’s Blogger and the ever popular tumblr are free to use and you lovely Apple Users have access to everything you need through iWeb. Update your blog regularly through posting anything concerning or relevant to your business to help develop your brand awareness and expand your following, this could be articles, interviews and even photographs. Commenting on similar blogs and sharing links is a good way to get noticed in the blogging world but don’t do it too often otherwise your posts will be regarded as spam and will be ignored.

Don’t underestimate the power of social networks
Forums and social networking sites grow more popular every day and have become one of the primary resources for users to find and share information. This provides an opportunity for business owners to promote their business services for free to a large audience. Facebook and Twitter have allowed business owners and entrepreneurs to share links, ideas and information to attract a lot of traffic to their blogs and websites.

Increase your Business Network
Networking is essential to business. It can help to ensure business growth through developing partnerships and profit through liaising with potential clients and stockists. Most networking events provide free membership but others are still pretty cheap, some costing as little as £5 to attend. When you’re there, make sure you take the initiative to approach others and start conversations, making sure you’re always listening to what others are telling you. Make sure you take lots of business cards there and away with you.

Reinvest Cash Flow into the Business
One of the requirements of starting a business on a budget is understanding the importance of reinvesting earnings from one project back into the business in order to fund the next one. If the new project is successful then invest in another! Profit can increase from one project to the next and this allows for more financial flexibility when it comes to recruiting staff, developing new services and not compromising on quality.

Get Yourself Noticed with a PR Campaign
It is possible to have effective editorial coverage through the press at very little cost.  Do your research, find out who to contact, write a press release and get yourself out there. It may take more than one attempt and various rewrites but it will certainly pay off. One of the most important aspects to focus on is why you are different from similar businesses. Capture their attention and reap the benefits a successful PR Campaign can bring your company.

Store everything in the Cloud
Cloud computing servers such as Dropbox, Smarta Business Builder and Google docs make your business a lot easier to manage. It’s a place where you can securely store all of your important documents such as business plans and accounts in a place where you can access them from anywhere including many smartphones.

About the Author:

This is a post by Ashleigh-Jayne O’Connell at Smarta.com
Looking to work from home? We have over 500 free business plan templates and tools available to help get you started!

Categories
Work Life

Who Moved My Time? 3 Tips to Positively Spring Forward at Work

When the alarm clock radio has awakened me for the past few weeks, the sun was getting up and it was light. I like that.

This morning, it went off and the sun was still asleep and it was dark. I don’t like that.

Welcome to the first workday of Daylight Savings Time.

Sure, I’ll enjoy an extra hour of sunlight this evening. But that didn’t help any this morning.

Somebody moved my time.

Seems like somebody is always moving something, aren’t they? Especially in business…

Since everything is changing so rapidly, how do you keep up?

Here are 3 tips to help you positively spring forward at work:

Remind yourself: Change happens.

Of course this isn’t my first change to Daylight Savings Time. They move my time every year. In fact, they recently changed when they move my time. Kind of a double change…

Whether you’ve been in business a couple of years or a couple of decades, your business has experienced change. Some of the change was cyclical and you anticipated it. Other change was unpredictable, perhaps blind-sided you. You worked in the darkness.

Change happens.

Sure, our brains crave the familiar. Our minds seek out patterns we recognize. We want to do business in predictable, anticipated ways that create the results we want every time.

If such a time did exist, it’s gone forever.

Remind yourself daily that change happens…to everyone, everywhere.

Remember a previous change experience you survived

Since this isn’t my first change to Daylight Savings Time, I can remember a previous time that I survived. I can recall working in my rose garden in that extra hour of daylight. Or, trail riding our horses with my wife, enjoying a beautiful, hour-delayed sunset.

You can remember a previous time at work when change intruded on your familiar-driven business, plunging you into temporary darkness. Your vendor changed price structuring. The bank changed credit terms. Your key employee left you to change jobs. You preferred the light, i.e., your previous way of doing your work.

However, you discovered a way to survive the change. You adapted successfully. In fact, you found a way to make the new become familiar—through repetition, the same way you learned your multiplication tables in third grade. You just kept going until you did it.

Remember that time of change. Sit down and soak in the success of that experience. You survived it, perhaps now thrive because of it. And you will this one as well.

Relax and focus on your positive strengths

Yes, somebody moved my time, but there remain some constants in the change. I still have a vast reserve of positive strengths to call on in dealing with the changing time. I can relax and call on my time-adapting skills and embrace the change.

Your Work Positive strengths are still yours. What you do well may take on various expressions in a changing environment, but you have strengths that are still viable and necessary to your business.

Relax into your strengths. Now that you are reminded of the endemic nature of change, and remember a previous, successful experience with it, release the anxiety that often accompanies change and relax enough to do what you do well in your business.

The time may change, but the clock continues to work.

And so will you.

Positively spring forward as you Work Positive today.

Categories
Franchise

6 Franchise Industries with Promising Outlooks

With national brand recognition and an aggressive business strategy, franchises have become particularly popular – and could soon replace many independent retailers – because they are able to offer low prices through economies of scale. Industry research firm IBISWorld has identified the following six franchise industries with promising outlooks, based on revenue growth, growth in the number of franchise establishments and the dispersion of those establishments on a national scale:

New Car Dealers – Coming off a nearly 5.0 percent annual decrease over the past five years, new car dealers that operated under the franchise model have turned the corner and are expected to grow steadily going forward.  IBISWorld estimates that the New Car Dealer Franchise industry’s revenue will grow at an average annual rate of 3.4 percent in the five years to 2017.

Sandwich and Sub Stores – Sandwich and Sub Store franchises, such as Subway, have experienced moderate growth over the past five years and are expected to continue to grow at a steady pace, despite facing considerable competition from independent businesses.  In the past five years, buying local and food truck trends have taken off, putting even more pressure on franchises to adapt.  But, over the next five years, IBISWorld expects sandwich and sub store franchises to expand 3.0 percent and continue to push independent restaurants out of business.

Pharmacies and Drug Stores – Despite heavy and changeable government regulation, pharmacy and drug store franchises fared well during the recession and will return to prerecession growth rates in 2012. A key driver for the industry has been the widespread adoption of generic drugs. IBISWorld expects pharmacy and drug store franchises to grow at a rate of more than 3.0 percent per year in the next five years.

Gas Stations with Convenience Stores – Although many gasoline companies are starting to buy establishments back from franchisees, breaking into this industry is still possible. Shell and Exxon Mobil are two of the largest gasoline distributors in the world, and both still use the franchise model for distribution. Despite lower-than-average growth during the recession, the $331.7 billion gas stations with convenience stores industry is expected to do well over the next five years, with projected growth of just more than 2.0 percent per year. Growth prospects will depend on the total vehicle miles driven and consumer spending, which are both expected to increase as the economy improves.

Supermarkets and Grocery Stores – Despite high external competition from convenience stores, big-box retailers and warehouses, supermarket and grocery store franchises are expected to experience steady growth as the economy improves. Over the next five years, the $494.6 billion industry is expected to increase 0.1 percent as people once again begin to indulge themselves.

In-Home Senior Care – The baby-boomer generation is getting older and, as a result, in-home senior care franchises have been flourishing over the past five years.  Going forward, the trend toward “aging in place” is expected to strengthen and, as a result, the $6.0 billion In-Home Senior Care Franchises industry will continue to rapidly expand in the five years to 2017, with revenue growing 6.3 percent.

“Overall, franchises are expected to continue stealing market share away from independent businesses and increasing their total economic output, which currently stands at 4.4 percent of the total private sector,” said IBISWorld industry analyst Eben Jose.

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit www.ibisworld.com or call 1-800-330-3772.