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  • Creating A Presence for Your Business and Increasing Sales

    Posted November 1st, 2007 by
    Categories: advertising solution

    Five years ago I started my first business. My background and training were in manufacturing, chemistry and management. The management experience was certainly helpful in launching a new business, but the other areas really didn’t lend much to helping me get done everything I needed to do.

    As the owner, I was responsible for hiring, firing, billing, marketing, following up on sales leads, managing & training my employees, scheduling, submitting all of the proper paperwork for payroll, bookkeeping, accounting, etc… This can be very overwhelming for a person who is launching a business for the first time with very few resources. To manage all of these tasks, I immediately outsourced the day-to-day bookkeeping tasks, hired an accountant, and outsourced the payroll administration. These were all things that I was not adequately skilled to do and knew that it would be well worth my time to pay for outsourcing.

    I have never had a job in the sales field, so the next BIG hurdle for me was to find a way to generate leads and turn those leads into clients. My company is a small cleaning service that started with me and one employee. My intent was always to be the manager of the company — not the cleaning lady! So, I had to develop skills that did not come naturally to me. I also had to develop a strategy.

    My first attempt at developing leads was a total and utter flop. I engaged in a $4000 direct mail campaign. Direct mail can range in price from $1500 to tens of thousands of dollars for a professionally executed campaign. The company that I contacted to help me in this quest developed my logo and created the mail pieces that would go out to specific demographics. My call back rate on this mailer was less than 1% and the number of resulting clients I could count on one hand. Needless to say, I was very disappointed and a little bit desperate, because this was my entire advertising budget.

    Since then I have learned a lot. First, to get your business name recognized, you will need to have a presence in the community. It may take a while to brand your product or service, but in the long run it pays off. In the beginning of my first business I did this by joining networking groups. You can check your local papers in the business section to see what is available in your area. Some groups charge annual fees or dues, others charge per the function. What worked for me was the type of networking group in which you developed relationships and those who were in those groups felt comfortable giving you referrals. Please note I did say referrals. Unlike the direct mail piece where the callers were looking for a bargain, the relationship referrals were people who wanted someone they could trust. My closing rate on referrals was about 90%. And the referrals almost always continued using our service on a long-term basis.

    As I said, it took me a while to brand my business. I used the logo that was developed for me because it was very well done and memorable. I kept the colors that were used in my original direct mail campaign - black and gold. Down the road, I developed a website and about 6 months ago I hired a firm to redevelop my website that did a fantastic job utilizing my branding strategy. Eventually, I bought uniform shirts, aprons, bags with our name and logo. All of our print material displays our logo. I meet more people at networking meetings that remember meeting me because of my striking business card. So the effect is apparent what a good branding campaign can do for your.

    Another wonderful way to create a presence in the community is to promote your business through PR announcements. You can do this yourself by looking at the different announcements you see in your local business news or you can hire a PR firm to do this for you. A lot of professionals in sales and business owners read that information because they like to be informed about what is going on in their business community.

    If your business has employees, consider sponsoring an event. Some events want monetary sponsors, but some events need workers which they will consider as an in-kind sponsorship. There are always schools, professional associations, and other non-profit groups looking for this type of relationship with business. A business associate of mine owns a senior care business. Each year she sponsors “Senior Santa” program which provides personal care and non-prescription health products to the Senior Citizens in the area. This is a wonderful way to give to the community plus the local papers pick up the story free of charge to help promote the event.

    If print advertising seems to be the best route for you, check out some of the new or smaller local magazines instead of the newspaper. I have placed business card sized ads in a fairly well distributed magazine for just over $100 a month. Always check to see if the publication requires a certain commitment (3 months, 6 months, 1 year) before making a decision. If you’re on a budget, you can get a better price by going for a longer term sometimes, but it may be better for you to go month to month if you are unsure about your available budget. The publication I advertised in had prices ranging from $125 - $95 per month. I got a mid-rate for a 3 month commitment which fit in my budget well.

    The last thing I would recommend for new businesses is to get a web presence as soon as possible. My first company is a cleaning company and for about the first year, I kept telling people “I don’t need a website because I don’t sell anything on the web.” That was a true statement, but what I was overlooking was the fact that people like to know something about a company before they use them and just about everyone will go to the computer and punch in your company name to visit your website if they are considering doing business with you. Having a website lends credibility to any business. It shows prospective customers that you want to share your company information with them.

    A professionally developed website can be big bucks and well out of budget for the start-up business. There are many services available that offer templates and affordable hosting. Do a web search for website development or internet hosting or websites. My cleaning company has a professionally developed website. My newest venture - well - I did the website - because my budget did not allow for that expense right now. I must say I am very satisfied with my newest site www.welcomecharlotte.info

    Denise Cagan is the owner of DiCi Services, Inc. http://www.diciservices.com a residential / commercial cleaning service in Charlotte, NC. She is also starting a second company Welcome Charlotte, Inc. http://www.welcomecharlotte.info which will help emerging businesses market to new homeowners and newcomers to the Charlotte, NC area.
    She graduated from James Madison University and worked with Coca-Cola for ten years. Denise has been a board member for National Association of Women Business Owner’s Charlotte Chapter for the past two years and was the recipient of the 2006 Team Builder Award.

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    New Product Launch Checklist

    Posted March 1st, 2007 by
    Categories: advertising solution

    Launching a new product or service is an exciting time and it is possible to overlook something in the rush to get that product or service to market. I developed the following checklist to make certain that I didn’t make the same mistake twice. Hopefully it will keep you from making a mistake the first time.

    1. Target the Audience

    Over my 30+ years of experience, I have been involved in lots of new product introductions and have witnessed even more. Failing to target the market is the most common mistake I see in new product introductions. If you haven’t adequately defined the market, how can you be sure of what they want or need? Furthermore, how can you develop a plan to reach them? If you only get one thing from this article, make sure that you target your market.

    2. Train and Focus the Sales Force

    If you want your sales force to sell the new product, then you better make sure that they know and are comfortable with this product. Practice, role play, make calls with the sales force, but make sure they understand and can sell the product.

    It is also important to make sure that selling the new product is their focus and that you have not confused them with multiple initiatives in the same or relatively close time frame. Clear the decks and make the new product launch their only focus.

    3. Samples and Demos are ready and in place

    New products generally need to be explained and samples and demos provide some of the best ways to do this. If you are going to use either, it is going to be critical to your success to insure that they are ready and in place prior to the launch.

    4. Pricing is set

    Your launch will not be a success if you don’t sell your product or service and you will not be able to do that unless you have completed your pricing and terms. If you are selling through distribution, it will be important to provide them with guidelines as well.

    5. Promotions are in place

    Frequently new products are introduced with promotions, so making sure the details of that promotion are clear will be critical. It is also possible that there may be programs like co-op advertising or volume rebates that will be affected and making sure those bases are covered should not be overlooked.

    6. Displays are ready

    Merchandisers and displays can be very effective in a new product launch. First you must decide if that is a part of your plan and if it is, then to make sure that they are in the right place at the right time to make your launch a success. Nobody needs a merchandiser or display after the promotion and the product is taking up regular shelf sapce.

    7. Distribution is ready

    Make certain that your means of getting the product or service to the end user is in place and ready to go before your press releases and advertising kick in or you will have wasted your budget. Promotion without product doesn’t serve you or the prospective customer or client.

    8. Inventory is in stock

    It isn’t enough to have product in the channel of distribution. If your estimates are wrong or your sales exceed expectations, your future success will depend on being able to react to that customer demand. Make sure you have inventory on the shelf or coming off the production line in time to replenish your supplies.

    9. Advertising is set

    Making people aware of your new product is going to be an important part of your launch. Most media have a lead time that has to be a part of your consideration. Print publications can run several months. Getting your website listed in Google or some of the other search engines can take even longer. Production for websites and broadcast commercials take time as well. Don’t wait till the last minute to begin this process.

    10. Press Releases are timed

    Just like with advertising, press releases need to be timed to the introduction. Lead times are long and talking to the outlets for your releases will be important in making sure that their timing and your timing work together to benefit the launch.

    Different products in different markets will have variations on this checklist. Use this not as the end of your checklist, but rather as the base and build additional issues as required for your product or market.

    Copyright Bob Cannon/The Cannon Advantage, 2005. All rights reserved.

    Bob Cannon helps inventors, imagineers, importers and manufacturers successfully introduce new products to the Hardware / Hardlines Marketplace. Check out his blog at http:http://www.takingaim.blogspot.com Bob can be reached at (216) 408-9495 or mailto: bob@marketingnewproduct.com

    This article courtesy of http://www.marketingnewproduct.com You may freely reprint this article on your website or in your newsletter provided this courtesy notice and the author name and URL remain intact.

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