| In
this section we have: Want
To Run A Business From Home? (Plus other old - and new - chestnuts
about home businesses.) Part
I. Do Your Sums, Then Get Out! (including
sources of home business ideas) Part
II. Finding The Bacon. Part
III. Bringing Home The Bacon 101
Home & Small Business Marketing Ideas Top
Ten Networking Tips
Pre-amble:
I
am not a qualified business adviser. Consequently, if you are seriously contemplating
launching a full-time, profit-making business from home then I would wish to stress
the importance of using the services of an experienced business adviser as part
of the due diligence needed for this kind of venture. By
all means take a look at other 'home business' websites, forums and blogs. But
don't confuse the objectives of webbies punting advertisers' interests with those
of your own. They will rarely run along the same line. And don't for one moment
believe that in the world of business, there is ever a free lunch.
On
the other hand, I have been steeped in running businesses from home since I was
eight years old when my parents decided to become their own boss -
not for lots of money or an easy lifestyle (these were not valid considerations
just after the Second World War) but because they wanted to be independent. It
then became a simple case of the whole family pulling together in pursuit of that
as a common goal. (Plus they didnt speak English well enough to be able
to get a decent job.) Consequently,
I have been selling for over 50 years and during that time I have
also interviewed thousands, if not tens of thousands of people trying to sell
themselves to me and my various colleagues. What
I would like to emphasise is that I want to write about running a business
from home full-time rather than part-time, as a hobby or as a learning curve.
Part-time home business activity is a completely different ball game. I
am also going to address those issues which are business considerations rather
than issues which might impact on a teleworker, outworker, or quite often, a freelancer. Another
point I would like to emphasise is that the following guidelines are for people
wishing to start a home business in the United Kingdom/Great Britain. We have
a lot of visitors from all over the world but the US, Russia, France and .eu domains
particularly and so anyone who is not from the UK should use this article accordingly.
Contrary to the claims advanced on Anglo-Saxon business 'weener' websites, etc,
the entire world does NOT speak English and it certainly doesn't subscribe to
all the same values - or lack of them - as the west. Laws, regulations, customs
and practices vary enormously from country to country, even within the European
Union (EU) which despite its ostensible pursuit of harmonisation, has yet to agree
on anything other than the endorsement of its MEP's (Member/s of the European
Parliament) expenses. I
will also try to keep my distance from examining lifestyle home business issues
which although not necessarily another subject in their own right do often have
a completely different set of priorities. (I examine lifestyle home business
issues in detail in my book, Home Business Survival which will be available
for sale from December 2011. Ed.) I
would like to share with you some of my accumulated experiences in the hope that
some of them might help you to make a successful go of a home-based business.
To avoid some pitfalls and common misconceptions. I am not going to propose anything
new or try to re-invent the wheel but simply to remind you of the hoops that have
to be thought of and usually jumped through, to get the necessary results. My
ideas certainly arent going to work for all of you; whereas there are others
who already know it all, anyway. A business adviser will tell you that 9 out of
10 businesses know all there is to know about running their business and cant
and wont be helped any further. And that was before the internet came along.
Now, that figure has risen to 99 out of 100. No.
Make that 999 out of 1,000. Want
To Run A Business From Home? Part
I. Do Your Sums, Then Get Out! (including
sources of home business ideas) Part
II. Finding The Bacon. Part
III. Bringing Home The Bacon (Plus
other old - and new - chestnuts about home businesses.) by
Len Tondel
Part
I. Do Your Sums, Then Get Out!
The
Groundwork OR Preparation. In
recent BAD News reporting, a significant
number of established businesses suggested they would shun trading with a start-up;
if you are a start-up AND visibly running your business from home, matters become
a lot worse. The trick is to get your foot in the door, to make that trip from
your home to sitting in front of your future client. What befalls most home businesses
is that they wont even be offered a chance, not even receive a second thought,
let alone an invitation to pitch their wares. Preparation
and appearances therefore, become primordial. At the risk of over-simplifying,
how about this for a home business preparation check list? (Offered in
a rough order of priority). Are
YOU fit for purpose? A
lot of emphasis is placed on business tools for the job; of advice, technology
and finance. However, it takes a certain type of person just to survive in business.
You have to like people; and people have to like you. You need to be able to handle
stress while avoiding ever becoming ill - because you won't have the time; to
have the ability to bounce back, over and over again. You will automatically work
long hours and not bat an eyelid. You will need patience and stickability. You
will need to handle rejection and disappointment. Be able to invite a mountain
of debt in the pursuit of your convictions. Alcoholism frequently rears its ugly
head. I have seen families and homes break up when businesses go wrong. The closest
of partners and friends can stab you in the back, usually, when the money really
starts to come in and you think you've finally made it. Then, there are the subtleties
and the intangibles. A lot has been written about the subject and I only wish
I had the magic potion to sell - or sometimes give - to others. There are lots
of authoratitive reports and books you can read and tests you can take. Finally
however, you are likely to end up making an extremely subjective decision to give
it a go, anyway, and after that, only time will tell. A
typical online assessment tool can be found here: http://www.emincubation.co.uk/main/DOC/935
(Registration, which is free, is required to use the assessor.) Whereas a very
extensive check-list and series of parameters can be found here: http://entrepreneurs.about.com/od/becominganentrepreneur/Becoming_an_Entrepreneur.htm
(American,
I know but the Yanks take a helluva lot of beating when it comes to running a
business!) Another
American link for you which suggests all the classical steps to take in setting
up a home business, can be found here: http://homebusiness.about.com/od/Setting-Up-Your-Business/tp/How-To-Start-A-Home-Biz-Guide-10Steps.htm
(Apply also below, to Mind Set and What Business?) OR,
try this link for 10
Questions To Ask Yourself. The
professionals and educated will tell you of course, that business is a science.
Like a casino programming the odds for a one-armed bandit. And they'd be right.
On the other hand, the vast majority of successful, even wealthy business-people
I have seen wouldn't be classed as 'educated' or 'professionals' other than by
the greatest stretch of the imagination - unless you count what they have learned
on their path to success, so to speak. Otherwise, they all started out as 'ordinary'
people. (If you don't believe me, take a look at this article and link for Britain's
Skillionaires' Club: http://www.independent.co.uk/news/education/education-news/an-unqualified-success-multimillionaires-who-prove-you-can-prosper-without-a-degree-2334149.html
This link is repeated again in Part II as evidence of non-internet based success,
as well.) If
you do succeed, you will be a statistical rarity, albeit a very satisfied
rarity. For the majority, there is often little more reward than that; for many
self-employed and home businesses, money isn't the main issue. Which is just as
well! I
wish you luck. If you're like me, you'll need it. With a fair wind, go well. Mind
set. Convinced
that you can SURVIVE the vicissitudes of starting and running your own business?
Then the next step is having the right frame of mind to SUCCEED in business and
for this to be evident in your transactions with your potential suppliers, clients
and general entourage. You have to become a business professional, if you will.
If you are lucky, you might meet someone in the early days who you respect and
admire as a business figure and you will hang on their words of advice and the
way in which they behave. If you are really lucky, you might find this person
is willing to become your mentor. (The
present Government has recently launched a nationwide small business mentoring
service which has provoked an extremely mixed reaction - not least of all from
ourselves. Still, it is far too early to judge and there well may be some precious
nuggets out there. For further details, go to the website at: http://www.mentorsme.co.uk) If
not, you might become attached to a particular motivational author. If
youre not even that lucky, you could try giving yourself a credo. Business
is just a game. Or Play the game. A profit a day keeps
the debts away. Or, more specifically, Effective selling is effectively,
just making friends. Do
not underestimate thinking like a businessman/woman. It will be critical
to your success and until such time you think the part, youll never make
it. (Anyone who thinks they can run a business from home doing 37 hours a week
at £25 an hour or more neednt carry on reading this any further.)
For
those of you who wonder what there is to think about just running a business from
home, take a quick look at this link, called 'Things
You Say',where I post a selection of potentially useful items ranging from
news to mailings which I receive on a daily basis. You don't have to agree with
my perspective by any means; but a potential client might be surprised, for want
of a better word, if you weren't aware of a similar spectrum of issues if posing
as a serious (home) 'business' player - rather than just an anonymous poster on
a wesbite for weeners. What
business? Do you know what you are going to do? Sources of home business
ideas It's
amazing how many people think that years of experience of working for somebody
else, a company or the local council, will translate into a viable business. It
doesn't. Or very rarely. You'll be just fine if you're a tradesman, somebody with
a recognisable skill. But if your background is more along the lines of public
service or the forces, be prepared for a struggle. Running your own business,
especially a home business means a lot more than selling what you think has made
you useful for the past few years. People or customers have preconceived ideas
about what they will pay for; they may not know it; it may not be written across
their foreheads and in any case, that doesn't really matter. What is important
is that YOU know what will and won't sell. If
you're not too sure, may I suggest just a couple of real world, quick fixes for
a fast getaway? Firstly, over the past twenty years or so we have been researching
the ready-made business opportunity marketplace to produce a directory of the
best fifty or so (currently 44, actually) business ideas which have proved themselves
over the passage of time. It's not free but if you can't afford the £19.95
which the publication costs, you ain't ready to get started. http://www.homebusiness.org.uk/BestHomeBusiness.htm
This is not a scammers directory which corresponds to what YOU might like to do.
It lists working businesses which are actually out there, making money; it is
not a wish list. Nor are there are any betting or gaming schemes as those do not
constitute proper business templates. Secondly,
for a quick, free scan of business opportunities and ideas, the following
links will give you some food for further thought. http://entrepreneurs.about.com/od/businessideas/Business_Ideas_Business_Opportunities.htm
Among these links you will find one for Springwise,
which is a favourite source of mine. There are lots and lots of other sources
but do tread carefully. The business opportunity marketplace is notoriously dangerous.
War
chest. Theres
an awful lot of websites offering advice on starting a business suggesting that
running a business from home is a low-cost, low-risk, soft touch option. That
is extremely stupid and dangerous advice.
Apart
from the rest of the headed, main list below, do bear in mind that you will also
need to consider paying for the following: Dedicated
home business equipment and professional surroundings; assuming you already have
a suitable computer and printer, add professional phone (with an extension/s maybe?),
lighting, long-haul seating, decor generally, filing cabinets, stationery stocks,
additional or spot heating. (Your
heating bills are likely to go through the roof when it starts getting cold and
you are sitting by a computer; not the same thing as turning your thermostat down
to background heating only when going out to work regularly. Your electricity
and water consumption will go up. You will almost always do more running around
in the car. And so on.) Training.
There are
lots of courses from lots of providers which could be deemed desirable if not
essential to the successful development of a home business. Take your pick from
subjects ranging from book-keeping to website design. A lot of courses are available
free of charge from local colleges, official government agencies and private training
providers and it's a wise home business start-up which considers the gaps in its
education and does something about them BEFORE starting to trade.
Sadly,
the majority of home businesses will try to patch over their shortcomings as they
go along - a bit like Microsoft, for example, although YOU on the other hand,
aren't going to benefit from unlimited 'governmental' funding. Yet, it's the vast
majority which usually needs training the most, starting with a return to school
to learn how to 'reed and rite' followed hopefully, by a few life and social skills.
Professional
opinion is largely agreed that the vast majority of business start-up failures
(think 2 in 3) are down to a lack of education. It's
a shame, when you think that most business courses can be obtained for nothing
or at very low cost - obviously with exceptions - so you may have to dip into
your war chest quite early on. It's
also a very good way to start getting a feel for networking and making new and
useful friends.
If
you are going to be asking clients to come around or you are going to stock goods,
add not only suitable surroundings but also . . . Home
business insurance. (Go to an independent broker at least initially, if you
can.) Possibly,
business rates. Business rates become increasingly inevitable if you have
an appreciable footfall of visitors, regular deliveries and collections, a significant
part of your home premises is dedicated to your business activities, hold stock
and/or your home address is visibly advertised as a place of trading. Consequently,
if you're not sure, add . . . Solicitor's
advice. An
initial consultation may be free (as offered by Lawyers
for Your Business although there are only about 1000 firms participating
in this scheme and there may not be someone in your area); if not, don't try to
avoid taking advice; budget for it, instead. At
this point, may I offer particular words of caution to anyone contemplating a
franchise especially one which isn't (yet) a household name, for example. Do not
underestimate the amount of due diligence required. Solicitors' and accountants'
advice are essential. The following links should help. The
'classic' read for evaluating a franchise is here: http://www.thebfa.org/shop/how-to-evaluate-a-franchise
Most
of the firms of franchise solicitors act mainly for franchisors, but here's
one which specialises in helping franchisees - http://www.wjm.co.uk
- Wright, Johnson and Mackenzie LLP Here's
a link to their report on the many questions a prospective franchisee should ask
a franchisor: http://www.wjm.co.uk/.../Franchisees_-_Key_Questions_to_ask_a_Franchisor.pdf Here's
another firm of solicitors which says they offer commercial advice in addition
to legal advice: http://www.batchelor-myddelton.co.uk/franchising/franchise-solicitors-guide.html Accountant's
advice. (You knew about working from home and private
residence relief for example, didn't you?) Once
more, initial advice may well be free. The Home Business Alliance for example,
has a professional relationship for the benefit of its members with AIMS,
a national group of accountants. But again, if circumstances require it,
don't try to cut corners or save a few pounds by not seeking professional advice.
(See also the paragraph
below referring to company formation, VAT registration and self-employed registration.)
Business
banking. This area of activity is much more involved than simply opening a
business bank account and possibly, a PayPal
or other online account, etc, (more reading on the subject here
and in your February 2011 issue of eBOSS for HBA Members) if you want to take
money online. Excellent though PayPal is, we have found that taking payment by
credit card whether over the internet, over the phone or face-to-face, remains
a significant 'must have' business tool if only to cater for people who aren't
familiar with internet banking developments or have an objection to 'non-standard'
banking transactions. (Think mail order, direct selling variants from party plan
to market stalls, and peoples' preferences and prejudices; and yes, I know
that PayPal allow people to pay with a credit card but they have to hit that PayPal
button first and a lot of folk simply neither know that or want to do that.)
PayPal
apart, credit card authorisation from a traditional bank will not come cheaply
or easily for a home business or a start-up, especially if you have yet to demonstrate
any kind of turnover or your transactions are likely to be of low value. Quite
a few hoops to jump through here and if allied to a business overdraft and/or
business loan as well, this whole area of expenditure is likely to cost you an
appreciable amount of money, regularly. (That's one of the reasons why banks always
make a lot of money and businesses frequently go bust.) 
Furthermore,
you don't have to travel any further than across to the other side of the Channel
before it becomes clear that once outside of the UK - and the States - the majority
of your potential customers haven't even heard of PayPal and prefer to pay by
cash, cheque or even bank transfer!
So.
Do whatever you can to ensure that your customers are able to part with their
money in your direction as comprehensively and conveniently as possible.
In exchange - based on our own experience over the past fifteenyears or so and
from what we've heard elsewhere - you could double your online takings over a
PayPal arrangement alone. The only downside here is that over the past three years
or so, the fixed fees for these arrangements have been driven up to the extent
that it will probably cost you from around £50/£60 a month PLUS an
additional fee per item to use a High Street bank whereas PayPal and to a lesser
extent, Worldpay, are becoming increasingly the norm for online transactions and
are much more affordable and user-friendly, especially for a home business or
a start-up. On
the other hand, setting up more traditional business banking arrangements could
also bring you into contact with another professional who should be able to give
you not only good banking advice but also point you in a worthwhile direction
for setting up your home business generally, including some good local contacts.
Assuming you manage to open an account with a bank which offers a personal level
of service and which isn't just an internet facility, for example. Sadly,
business banking relations management is becoming increasingly rare. One
more, very important thing. While going about opening a, or one, business
bank account, open at least another, second business bank account either at the
same time or as soon as possible afterwards. Then, keep both accounts active even
if you will also be doubling your bank charges, of course; however, shop around
and these may not be too onerous. There
are many reasons for two accounts - or even more under certain circumstances.
Firstly, the old proverb that you shouldn't put all your eggs in one basket; business
banking and lending policies can change overnight, requiring you to suddenly repay
an overdraft or a loan, for example, which you have relied upon for years thus
exposing you to the risk of foreclosure if you can't quickly do so. Terms, conditions,
rates of interest etc will vary all the time and so you need to be able to access
the best possible deal for your business when YOU CHOOSE to do so and not when
the bank tells you to. You may simply fall out with your bank and suddenly want
to go elsewhere. The bank may even call in a facility secured against your family
home, for heaven's sake. But above all, the majority of banks have proven in recent
years that they are the worst possible guardians of your money and business interests
and should be treated with the greatest of caution at best - if not outright contempt. You
cannot afford to jeopardise the survival of YOUR business by relying on institutional
serial offenders who deliberately run up trillions of pounds/dollars/euros
of toxic debt to sustain their cancerous bonus culture. In fact, with a Prime
Minister (David Cameron) whose family fortune comes from banking and who predictably
hasn't made the slightest attempt to even bring UK banking controls in line with
his European counterparts, the best advice I could give you is to use banks for
their services only, buy gold and keep it buried in a hole at the bottom of the
garden. That way, when the world's financial system finally collapses, you should
be OK. (Depending upon a few other home business survival factors as well.) In
the mundane meantime, having a couple of banks in the bag means that you should
be able to ride out most specific banking service problems seamlessly and quickly
with a minimum of, or no inconvenience to your customers. There
are some very good banks, of course, which do not fall into the above category.
We have used the ethical Co-Operative
Bank for many, many years and are absolutely delighted with their business
banking. And there are others. (Try this link for more info: http://www.ethical-company-organisation.org/154-183-GSG09-money.pdf)
But do make your choice very carefully and remember that your money is YOURS
- so keep it that way. A
little N.B. Personal credit cards. I don't know anyone who doesn't or hasn't
used a personal credit or debit card for business spending. I'm not going to try
and change the flow other than to suggest that from a book-keeping point of view,
make sure this kind of borrowing and spending stays transparent and accounted
for. One of the objectives of any business is to develop something of value,
something which you could sell at a later date. So make sure it all adds up.
Then
finally of
course, you wouldn't offer your family home as security against a bit of placcy,
would you? If
you do find yourself in debt, the best way to avoid any problems is to bone up
on the consequences beforehand. (Eh?) A couple of HBA members, Jill Bray and Steven
Maoudis, have written some excellent excellent work on the subject and Jill's
guide was serialised in The BOSS. Then,
there is
Data Protection registration.
It may or may not
affect you as a home business but check out the official website and at least
get in the know. Trips
to and from clients/networking/other business meetings which
you may - or may not - be able to tie in with the need to buy in family shopping
as well as trips for supplies for your business. In our experience, many
trips for domestic purposes, taking children to school or the childminder, for
example, can be combined with the daily routine of going to and from work. When
working from home, business trips usually become specific and therefore, have
a significant impact on your budget. I
would be surprised if running the average business from home does actually - as
is often suggested - equate to a more planet-friendly option or prove to be more
economical than simply travelling to and from work every day. It depends. Individual
circumstances can be very different. There are plenty of people commuting in and
out of London who pay £5000 a year for the privilege of standing up in a
rolling shit-pit for a couple of hours a day. But when I see millions of cars
circulating with just one driver behind the wheel, moving backwards and forwards
at the same time morning and evening every day, topped off by widescale throwing
of food into dustbins, then there is still a lot of scope for planet-friendliness
before appealing to everyone to work from home - in which case, the utilities
wouldn't be able to cope, anyway. (Here
is a link to a
recent French report which adds some intelligent perspectives to the 'home
and family unit' and carbon footprinting. If you can't read French, simply copy
and paste the article text into a translator like translate.google.com) Consequently,
if you want to run a business from home, don't be under any illusions that it's
going to save you money. It's possible but . . . .
. . now that that's the 'due diligence' part covered, read on for some more typical
home business expenditure. Firstly,
it is common for start-ups to fail and coping with that possibility should be
a fundamental part of your short to medium-term business strategy. What is much
more important than failure is the ability to recover so its critical for
example, that you dont re-mortgage your house or borrow too much money or
make a start with something which seems like a good idea but which you havent
market tested. Just
as with the right kind of mind set, your ability to prospect for business will
be markedly improved if youre not sweating cobs at a sales meeting because
you have absolutely GOT to get the deal done as otherwise you wont make
your next mortgage payment. In which case, it will have been the seventh time
you will have struggled this year, your lenders are pressing and the wife and
children are threatening to leave, etc, etc. YOU may think you can poker-play
these situations. The guy or gal facing you, wont necessarily have the same
view. Consequently,
your war chest or financial cushion, call it what you will, remains critical.
Not just to pay your bills in the interim as you establish your business activities
but because you need to invest in your home business shop front to
help you get your foot in the door. ONCE AGAIN, try to avoid an overdraft or
business loan at least until you have got some kind of trading activity behind
you and you can see how the money flows. (Grants for home businesses being
non-existent). Your
shop front will usually include an assortment (if not everything)
from the following list and are items which you SHOULD pay out for BEFORE you
can start prospecting confidently; otherwise you are going to risk giving a bad
or at best, mediocre impression from the very outset when you should in fact,
be arriving on the scene with a very favourable, 'big bang'. Naming
your business. If
my personal experience and that of my business friends and colleagues is anything
to go by, this category would be right at the top of the list taking priority
over everything else. Needless to say, coming up with a good name which describes
what you do, is memorable and has the scope to become a brand name, takes a lot
of brain power. If you've got the money, you can use an agency. It's much more
normal however, to rely on those mainstays of the vast majority of home businesses
- family and friends. Not that using an agency is infallible by any means; when
I was in the rag trade I infamously turned down the name 'Zap' for my leisure-wear
range! Anyway,
here are some ideas for you: http://specials.about.com/service/newsletters/sbinformation/1320850800.htm
But whatever you do, try to resist that practice favoured so much by the UK tradesman
- a couple of initials Ltd - however good a job the signwriter might make of it
on the side of your van. (Or the magnetic sign might cost, etc, etc.) Business
club/Chamber of Commerce/association membership. In
this day and age of the internet, paid-up membership of the business community
is a highly underestimated primary stage not only of doing the diligence
but also, of establishing yourself in that community. It is an essential part
of the learning curve and a highly likely source of business from other like-minded
people. Facebook, Twitter and other social networking media are absolutely no
substitute for real-time belonging. They are not as time-efficient, they are not
so instinctive and they are almost certainly not as potentially profitable. You
can do a lot of diligence for free on the internet (assuming you can
wade through and even discern all the rubbish) but in playing the game properly,
you finally need to pay your subs. Dont hesitate and in fact, funds permitting,
join up whatever and wherever you might think its appropriate to do so.
(Although I could easily tell you some horror stories about some business clubs
so DO ask around to see what your peer group thinks.) Having
said that dont forget that membership of a business club or association
is, or should be, a pro-active and interactive step. What it gives you will be
the sum of what you put in. If you prefer to stay at home watching The Apprentice
or Dragon's Den then dont expect a membership to give you a return nor expect
your home business to succeed. Private
Members Club. At
first glance this might seem totally excessive but just stop and think for a minute.
Where are you going to meet with potential clients? We have members who live in
mansions, chateaux and castles which is more than OK for a business venue but
what about you? For
those of you who belong to professional or career institutions, prestigious premises
are often part of the deal. The Institute of Directors, for example. OK is you
qualify for membership. OK if you are going to meet in London. OK if youre
not too picky about the food generally. However,
for the majority of folk, private members clubs are much more accessible
(unless you live in a smaller town or rural area, in which case it will depend
on where your client is to be found rather than where you live) and unless you
want to put a quick end to your home business prospects by arranging a meeting
in your living room over a can of Fosters, give a LOT of thought to where you
are going to have your meetings. It goes without saying that somewhere with a
bit of cachet is always a lot better than a pub bar or Starbucks. Especially if
you want a decent cup of coffee. There are other options as well, of course, but
it all depends on location and accessibility. A client will go the extra mile
to see you at a private club; he may not budge if you suggest a hotel. Subs
vary but you may be pleasantly surprised at just how affordable some clubs can
be. (Although do try to avoid private clubs which are fashionable
or current. You are looking for a venue which is quiet and comfortable
and not somewhere to rub shoulders with loud-mouthed riff-raff.) Company
formation/VAT registration. A
limited company will always create a better impression than someone who is a sole
trader/self-employed, just as will VAT registration, voluntary or otherwise. There
are however, a number of critical, additional considerations such as personal
liability as well as profits and this is one of those times where it is essential
to get the best advice, heed it and pay for that advice if necessary; circumstances
can be highly individual and there are no short-cuts I for one, would want to
take. Not in this case. So, ask around at your business club/s, take a couple
of hundred at least, out of the kitty, and go and speak to a good book-keeper
or accountant and/or solicitor. Then, lay your cards on the table and be honest.
Dont dream out aloud. It
may be the case that you will be able to get an initial consultation for free;
so much the better. (See above also, under Accountant's advice). But if
the local consensus of business opinion is firmly behind a professional who does
not offer a free initial meeting then dont baulk at taking out your wallet. Having
said that, there is no doubt that the large majority of home businesses choose
to trade as 'self-employed'; once upon a time, this was no more complicated than
simply deciding to do so but nowadays, HMRC registration is required for self-employed
newbies and for information on how to go about this the Business
Links section on starting up is as good a bet as any. Beware of non-official
websites giving start-up advice where information and links are less than comprehensive,
frequently out of date or dead. (Even the British Library's 'Business Essentials
Wiki' which we looked at recently, is seriously unfit for purpose.) Official
address. If
you decide to form a company it is often the case that your official address will
not be your home address. Accountants or solicitors chambers for example,
are just fine. If
you are still lumbered with an unsuitable home address (depending
once again, on your type of activity), you will want to find a more impressive
accommodation address. Not just to stick on your stationery and website but to
have your business mail sent to, as well. This will only come at a price. Rates
vary enormously but be guided by recommendation rather than price, if possible. The
other option is to have a pre-paid business reply or Freepost service but that
can prove to be more expensive than an address of convenience. That
notwithstanding, I have always found that business reply services are well worth
paying for; once again, its a business facility which sends out the right
message. If
you are going to be trading mainly locally, you might be lucky enough to come
to an arrangement with an established business which has a spare room or whose
professional facilities you can share on an ad hoc basis. I once managed to negotiate
a deal with some local architects along these lines. They had a desirable address
and the eminently affordable arrangement worked very well for a long time. Business
telephone number and telephone answering service. Forget
about using your personal mobile number for clients, either potential or existing,
to call you. You will need a land line and a human being to answer the phone for
you when it rings and youre not there. Hopefully, very often indeed because
you are always out drumming up business. On
the basis that family or friends are the last people you want fielding your professional
calls for you and that the answerphone should only come into use very rarely indeed,
you will need to think about a personal PA. I know you can use call diverts to
your mobile, etc but to give any kind of dimension to your home business activity,
you will need to be able to offer your clients a PROPER call answering service
for your very own business telephone number. A
good service however, is like gold dust. One which knows you, your business, can
handle customers yet remaining affordable, is to die for. I think it took me six
years to find such a service at one stage. And it didnt come cheap, although
a suitable business address and mail handling service were included so the final
solution was more than satisfactory. After doing a LOT of asking at your local
business club or Chamber of Commerce, divvy up some more funds out of the kitty. Directory
listing. Once you have got your trading name, official address and phone number
sorted, it's time to put yourself into a directory or two. Once upon a time it
was as simple as the White and Yellow pages and job done! You were on the business
scene. Now it's a lot more complicated not only because the internet offers a
lot of additional choices and variations but because business start-ups themselves
often do things on the cheap and in the short-term and change their official addresses,
phone numbers, emails etc as often as a normal person would change their socks. If
you are not going to be able to guarantee your contact details for at least a
couple of years (as best you can, anyway) then there's no point in trying to get
yourself into a business directory, even on the internet. In fact, you might even
ask yourself the question if you are being serious about getting going in business.
On the
other hand, it's amazing how many people get suckered into paying to appear in
'European' or 'International' trade directories which they have never seen before
in their lives and which take usually, around £100 off you for your stupidity.
Holland used to be the main source for bogus business directory scams although
I've seen offers coming from Russia and Spain as well. Having
said that, perfectly genuine local, trade and specialist directories do
exist and you will have to pay for an entry. But do your research
first; ask your trade association or Chamber of Commerce if you aren't sure. By
the way. Business, address and telephone directories are an excellent way of telling
at a glance, who is doing what in your area, who the competition is or might be
and where there are some potential gaps in the marketplace. Whether or not directories
these days are a useful source of business referral may be a moot point; on the
other hand, there is no doubt that they are an excellent source of business intelligence. Business
uniform. Clothes
maketh the man. (That's me in the pic, by the way. Ahem.) And I would emphasise
the man because I dont remember ever having seen a woman turn
up at a business meeting badly dressed.
There
are some men unfortunately, who feel they have to look modern. Currently, that
seems to be a cheap double-breasted jacket tailored in Rumania, pre-stressed jeans
courtesy of child labour in Pakistan and North Africa, perhaps a v-necked jumper
hinting at a pallid chest, bottomed-out with a pair of pointy brothel-creepers
manufactured in a Chinese sweat shop. Its
very simple, really. Business meetings are the moment to show and reinforce the
notion that you are a business professional and NOT to make a dubious fashion
statement. The
impression you create will have its maximum effect for (schools of thought vary)
twenty seconds or so? In which case, dont complicate your chances. Without
knowing who you are going to be talking to, its more than likely it will
be someone like me. A bit old-fashioned, ideas and trains of thought already well
established by the passage of time. Knows what he/she knows and knows what he/she
does and doesnt like. So
stay conventional. Not necessarily a suit. A dark jacket, plain shirt and tie
and good quality trousers with a pair of normal-looking shoes will more than do.
If you
can afford to pay the extra, get the best jacket possible. One which is light
and with plenty of movement because it is important to feel comfortable in a wide
range of positions. If your clothing is a bad fit, you will start to struggle
and once again, it just shows you to be an ill-prepared amateur. You
can spend a fortune on what I would describe as your business uniform/s.
On the other hand, I have seen top-quality Italian suits in charity shops, of
all places, costing next to nothing. If you are of an average size, you shouldnt
have to spend too much. The problems start with people like me! I
have also referred to your business clothes as a uniform because these
are clothes which should be kept and used for the purpose of, only. (If at all
possible.) At some stage, you may receive a late-afternoon call to go along to
a meeting in London first thing the next day. Full of hope and expectation, you
set your alarm to go off at 5am the following morning whereupon you get out your
clothes. And you find a stain on your jacket lapel; crumpled white-ish shirt with
a dirty collar; the trouser belt is missing; and you havent got any clean
pairs of socks left. The shops are shut that early and you wont have time
to get anything done after you get off the train. Your better half seems asleep
and anxious for you to get gone so she can carry on sleeping. Roll on! Oh.
And the watch. I have seen so many Dell-Boy Rolexes on wrists since the internet
came along that Ive developed a lurking suspicion that the original factory
may have had more than a hand in the matter. So to speak. Anyway,
someone who has the money to pay for your business services or goods is also likely
to have the money to buy a decent, genuine watch. And to spot a decent, genuine
watch. Or otherwise. If you cant afford the real thing dont tempt
fate. Better not to wear a watch at all. I never do and I cant say Ive
noticed it affecting my conversion rates too much. The
portfolio/presentation/sample Youre
going to do a computer presentation, right? Just like everyone else. Trouble is,
I have seen as many computer presentations go wrong or have problems as I have
seenthem go smoothly. Most people simply dont know what they are doing.
Theyve got Microsoft Office and thats it. End of. They
dont check to see if their batteries are fully charged. They find they cant
get a wi-fi signal so they have to ask their client for an internet connection.
Unless the meeting is taking place at a hotel and there isnt a socket available
where youre sitting - and all of a sudden you havent got a presentation
to make at all. The screens desktop is overloaded with icons and so it takes
ages for pages to load and move forward. There are four people facing you and
only one of them at a time can really see what is happening on your screen because
of reflection and poor lighting angles. By
all means prepare a computer presentation even if PowerPoint is now considered
to belong to the Stone Age - if it is really going to help. But research your
methodology well. Keep it snappy and simple. Keep the graphics and images nice
and big so that they can be seen and read from a distance. Practice your show
a few times on friends and family, first. But
at the end of the day, do you even need a computer for a presentation? What about
a simple portfolio approach, instead? Prepare a master, A4 sized at least and
once youve got something which looks the job, produce several smart copies
to pull out of your briefcase at will during your meeting, depending on how many
people are there and whether or not it is appropriate to leave something behind
- in addition to your classy business card.
A
portfolio is much more flexible than a computer. Once in his or her hands, a client
has control of what he or she wants to see, dwell on or return to. You dont
have to make that choice, leaving you free to expand on your clients questions,
taking the pressure off you to lead the sale all the time. Several different people
can also be looking at different pages at the same time if they want to. (Not
to be encouraged from a purists selling point of view but you know what
people are like!) Its also much easier and cheaper to leave behind a file
than a laptop! Once youve gone, the client can go back to your presentation
whenever they feel like it and your portfolio is working for you, even if youre
not there. On
the other hand, although a portfolio has every possible advantage, it is something
which once again, has to be prepared carefully, thoroughly and professionally.
Use good quality, thick paper; number your pages; add an index; personalise the
cover if possible; make sure everything is nicely bound. If in doubt, get a local
print shop to help. On the other hand, if you want to do it all yourself there
are endless sites on the internet which are full of good advice and ideas. Click
on the image aside for just one of them. There
are business sectors which have their own peculiarities. If youre turning
widgets on a lathe in your garden shed, you may want to prepare a sample for a
potential buyer. Dont do what British manufacturing (R.I.P.) used to do
and offer up a hastily-prepared, unpolished lump of metal presented in a Tesco
carrier bag with the excuse, Well get that properly sorted for the
production run. Make it the finest piece of work youve ever done.
Put it in a custom-made box with a printed label on the lid. If youre a
clothes designer, adopt the same approach. Dont just drape your sample across
the back of a chair. Check every stitch; steam it; fold it impeccably; box it;
name it. Once
again, it's going to cost a little bit extra. But itll be well worth it. Now
if you have been astute and very lucky youre probably only up to around
fifteen hundred pounds or so out of the kitty at this stage. Next however, is
that element which a lot of people consider to be essential these days. The website.
And this is where you can blow your budget to pieces. The
website. In
this day and age, your home business armoury must try to include a website. They
say. It does depend very much on your sector of activity. There are many which
dont NEED a website to start prospecting and selling. No more so than a
computer. You must be the judge but if on a tight startup budget, a website can
prove an expensive luxury. We
are not the experts here even though we manage our own websites and have been
at the top of the search engine rankings, both co.uk and .com, for over a decade.
However, there are people who know a lot more than we do about the internet and
so in this case, do by all means, take their advice. A lot of advice. With our
best wishes on finding someone who knows what they are talking about, can deliver
the right quality on time and is affordable for a home business. There
is a UK scheme called the Get British Business
Online initiative which will supposedly get you going with a website for
free. However, I have never received any feedback on this service so I leave you
to have a poke-around at your own discretion. Here is the link: http://www.gbbo.co.uk Business
stationery/business cards/business logo. Website
all done and dusted? Got a few pages which actually work? In other words, your
url doesnt produce Site Under Construction plastered across
the home page? Good. Almost the final stage, then. You can now sort out the business
stationery, etc. Although
there are some very impressive online or electronic stationery packages available,
don't forget to have something prepared for face-to-face business, as well. But
please, do it properly. If ever I have seen an amateur in the world of business,
its someone who offers me a curled, flimsy business ticket spat
out by a cheap desktop inkjet printer. You might as well turn up at a meeting
with cheapskate written across your forehead For
what it costs these days, do make the effort - and its really not much of
one - to have your business stationery designed and printed by a professional.
We for example, have a whole bank of top-end laser printers costing several thousands
of pounds each and could do a better job at producing our own stationery than
the vast majority of people but when it comes to the crunch, we cant for
example, feed over 300 gsm+ card, which is what you will need for a decent business
card. Furthermore,
until you know your stationery specs, dont try to buy for the first time
on the internet. You need to feel the stationery and judge its weight to get it
right. Feel is every bit as important as appearance. Then, look at your samples
in varying shades of light. You
might think that stationery these days is a bit old hat, that e-mail has taken
over. The trouble with email is that a lot of design work, let alone the entire
message, might get chopped by the spam, key word and image filters your client
has running on his Inbox; and of course, all the sheep and lemmings use email
these days. If you want to make a statement, be different, a cut above the common
herd, dont hesitate to send out a good ole fashioned letter every
so often, especially if youre quoting or confirming a deal. Itll make
you more memorable, maybe just different enough to get the business ahead of the
competition or to get a second bite at the cherry. Then,
when youre face-to-face with someone, its nice to be able to leave
them with something which appeals. The business card culture isnt at all
developed in Britain but assuming you will want to expand your horizons at some
stage do be aware that the business card is a fundamental part of establishing
yourself. Dont forget you will only have a few seconds in which to make
an initial impression. Dont louse it up with a crappy business card. There
are always lots of promotional offers for business stationery doing the rounds
but if you want a pukka job, budget once again, a couple of hundred pounds where
the design element will be the most costly. At the same time however, aim to be
getting a business logo, a masthead out of the deal in which case, it would be
money very well spent, indeed. And
make sure that when the job is done, the printer will let you have all the design
elements on a CD because that is what you have paid for and its YOUR property. Professional
Indemnity insurance (This is an advertorial link, I know, but the points
made are valid nonetheless and will give you some idea of what is involved. Ed.) As
more and more professionals work from home, so more and more home businesses are
becoming increasingly high value and high liability, making professional indemnity
insurance a very important consideration. Some sectors wont even touch you
if you dont have this kind of cover. If
you have any questions at all, speak to an independent or specialist insurance
broker. (If PI is recommended, then its very serious kitty time again.) Right.
Ready now? Everything has come together. ALL the components are in place? ie Youre
not going to try and prepare a portfolio while keeping your customer waiting a
few days? Or need to find the money for a day return on the train to London? Good. Making
the break or, getting out. On
the basis that you have decided on what kind of business you would like to run
- and that can be a marathon in itself - you will eventually need to decide to
take the plunge, leave your regular job and commit to a business full-time. IF
that is what you want to do. On paper, its possible to taper into full-time
business activity from part-time or while holding down a full-time job but in
practice, Ive rarely seen it done. Money which you set aside from part-time
business sales will usually go on helping pay day-to-day bills; had some good
sales? Then it's only natural to 'treat' yourself or the family rather than invest
in business development. And so on. If you have got the will-power to separate
out the two activities and keep them separated, then congratulations. Youve
got more self-control than me. What
can work well is a big, all-the family-together-now, sell-out at a car boot or
on eBay to raise some working capital. It's surprising how much can be lurking
in the garage or the loft which can be converted into a few bob and it's all a
good exercise for raising awareness among the entire family that this home business
idea of yours, is serious. Financing
apart, do then bear in mind that you will not be able to juggle your new customer
priorities with the demands of full-time employment. Once or twice, maybe, but
not in the long run. Perhaps
you can make a gradual shift towards a full-time home business with direct selling
opportunities, but there you usually have a tried and tested formula and structure
to guide and support you. The other formula which will usually work is that the
other half continues to go to work and assumes the lions share
of the familys financial responsibilities. But it is normally a long haul.
Think in terms of three years or longer to become established. If you can make
it faster, congratulations again. Consequently,
at anything between a couple and several thousand pounds already spent on the
preparatory business trimmings, you will now need a lot more than that to pay
your way until your home business starts bringing in some serious money. But it
wont start bringing in serious money until you take the plunge, start getting
out and working at your business double, even treble-time. So its Catch
22. The
ball is in your court. Have
a final think about whether or not that spare bedroom you want to turn into a
home office might be more productive let out as lodgings or B&B. At
the same time, take a look at what your local or a nearby authority might be offering
as business or start-up workspace where, if my own experience is anything to go
by, the cost of an all-inclusive package can easily be MUCH cheaper than setting
up at home. (Homes are not designed after all, for running a business.) Perhaps
your priorities are more lifestyle and not purely down to running a profitable
business: but very often I come across start-ups who think that a logical progression
is getting going from home and then moving on to bespoke business premises. That
COULD be putting a dog-leg into the straightest possible path. Still
determined to have a go from home? Well, once you've lashed out for all the necessary
bits listed above, the next stage is getting out to drum up the business.
Seriously. It's not going to happen if you are going to sit at home. Part
II. Finding The Bacon. (For
those of you who have come straight in to Part II, I would suggest that you at
least take a quick look at my Preamble. Thank you.) Now
that you are well prepared and committed to go out to drum up some business, the
rest is quite easy; you just have to decide how you are going to attractyour customers
and then persuade them to give you their money in return for your goods or services.
Its no more
complicated than that so never mind the detail. The devil is in the detail. As
well as a lot of your money heading for other peoples' pockets. So.
You may be someone lucky enough to start a home business with a few existing (ex-employers?)
clients in tow. Maybe a successful eBayer or car-booter who wants to go full-time.
Or perhaps youre a freelancer or a sub-contractor looking for just one,
major long-term contract. Or, a recently qualified professional such as a consulting
engineer or an architect who can almost work from where they choose and expect
business to beat a path to their doorstep. But for the majority of home businesses
identifying and then trying to win over new clients on a regular basis is a tough
routine AND its a routine which needs to be learned as a skill in its own
right. None of this get marketing followed by get the sales
rep. onto it nonsense you get from a clueless big company director. As a
home business, YOU have to learn these skills yourself and until you do, you wont
get far. Lead
generation or, bacon-finding. So,
a question. How many basic ways of lead generation do YOU know? (EXCLUDING
the internet.) I
know 72. (Seventy-two.) Maybe even a couple more. (We provide a list for Home
Business Alliance members; if not, any worthy business advisor should be able
to give you something suitable.) I
have excluded the internet from this count because in my experience, the internet
is one of the worst lead-generating mediums I have ever seen, having evolved with
a completely different set of expectations and performance criteria to those required
by the majority of successful, professional home businesses. I am well aware of
the returns which can be obtained from social network marketing for example, but
by the time you have paid for all the whistles and bells to profit from a sophisticated
online campaign, what kind of investment are we talking about? Me, I'm talking
about a home business start-up for who the immediate priority, especially for
the critical first three years or so, is SURVIVAL. Consequently,
what you need to be looking for is rapid, efficient and economic access to people
who will PAY you for your home business activities - not just time wasters and
parasites pursuing the internets free lunch philosophy. Home businesses
simply have too many pressing things to do to be able to sit around waiting for
the occasional result. A company business with employees may have the means to
designate someone to tweet, make faces or goggle. (Its got to be a joke,
all this. You couldnt make it up if you tried. How many of you can imagine
any of this taking off just ten or fifteen years ago?) By
all means, if youve got the time on your hands and you want to do the job
properly, have a go at internet marketing; if your business lends itself to selling
online then I would certainly agree that an efficient, commercial website for
example, is indispensable even if it is just one of billions. But whereas a typical
emailing campaign will produce results which range from microscopic to invisible,
an hour or so of networking face to face will produce concrete results from people
who are not only there to sell but who play the game and are prepared to do some
buying as well. In which case they will automatically buy from someone they have
already seen and talked to and who also plays the game. YOU. Once
again, much is being said about social media for marketing your business. By people
who are trying to go with their perception of the flow (sheep) or make some money
from saying that. On the other hand, numerous surveys of real, 'Joe Public' businesspeople
suggests that social media as a business tool, sucks. OK, I accept that the vast
majority of people who dabble with making money from an internet business probably
aren't going about it properly. Or they are being scammed. But that, nonetheless,
is the reality. Otherwise, you might as well say that if people drove respectfully
and skillfully there wouldn't be any more road accidents. (I've
been kicking around earning money from home business activity for over 50 years
and during that time, I've met a lot of seriously wealthy people. Although such
folk are generally very modest and discreet, I do know that not one of them has
made any money mainly from the internet. OK, I suppose it is a relatively recent
business medium; on the other hand, with fifteen years' worth of water under the
bridge, I would have expected to have come across at least one genuine, internet
success story by now! You know - someone who actually exists and who's made enough
money to buy their own pot to piss in - and not just some anonymous illiterate
on a forum.) For
those of you who still believe that the internet is paved with gold, you may wish
to take a quick look at the following article which was published on 09/08/2011,
over a year after I first drafted this guide. 'The
'Skillionaires' Club.
Just announced. Britain's richest 100 businessmen who didn't get any academic
qualifications. http://www.independent.co.uk/news/education/education-news/an-unqualified-success-multimillionaires-who-prove-you-can-prosper-without-a-degree-2334149.html
Britain's
richest 'skillionaire' is the chairman of the yellow digger maker JCB. Sir Anthony
Bamford, whose wealth is valued at £2.15bn, started his working life with
a two-year apprenticeship at Massey Ferguson in France in the early 1960s. JCB
itself is valued at £2bn, but Sir Anthony's family also has private assets
including a 4,500-acre Staffordshire estate and a 1,500-acre estate in Gloucestershire.'
I
had a quick look at the first twenty names on the list and would you believe it
- not a single fortune made from the internet! Well, I never. Anyway,
Its also about time. I try to schedule three meetings a week to bring
home the bacon. Half a day per meeting to include travel to and from; one
and a half days in total. I personally work on a 75% conversion rate. It can often
be 100% because for quite a while now, I have only taken meetings which I knew
would put business my way. However,
even a very modest 25% conversion rate is astronomically higher than anything
you will get out of the internet and yet totally realistic face-to-face because
if all your preparations have been up to speed, youll be going along to
a customer who is already predisposed to doing business with you. That
then leaves me - or you - five days a week (yes, dont forget to include
Sundays for the first couple of years at least) to produce or develop your wares,
up to one day a week preparing for meetings and then, at least 2 days per week
to get more leads. You could go to church on Sunday, of course. Its very
good for networking as well, practised religiously by all the leading ethnic traders.
Then, half to one day a week socialising or doing charitable or voluntary work
or playing some kind of sport or going to the gym, which are all ways of generating
and reinforcing leads for your business, at the same time. And time for the family?
You may well ask. You
cant plan that way with the internet. Thats why the REAL landscape
of successful home businesses in the UK consists of Polish landlords, Asian shopkeepers
(living accommodation above and to rear) and Chinese takeaways (ditto for living
accommodation) and NOT self-styled website designers sitting behind a screen who
cant even write code. HAVING
SAID ALL THAT - and bearing in mind that successful businesspeople don't make
a lot of money from being followers of fashion (they create fashion) - we do at
the Home Business Alliance nonetheless, give regular updates and postings on free
or low-cost courses which would be suitable for learning the basics. (Here,
or above all, on eBOSS (members
only),
for example.) Or,
try this link for a 'modern' comprehensive list of all-inclusive, 101
small business marketing activities. So,
let this be a reminder of the earlier section referring to training: check with
your local official business support sector, colleges and training providers to
see what is being offered. As the internet has become such a vast subject, a short,
half or one-day course, usually available for free through to £100 or so,
is a good way of rapidly getting yourself up to speed without wasting days or
even weeks, trawling through Forums for Morons and ending up none the wiser. Then,
if you find that 2 + 2 = 4 or better, then go ahead and bone up some more. But
don't waste your time by going straight into lemming mode. There are no successful
lemmings in the business world. Apart
from the internet, there are two other popular forms of lead generation where
I would also urge caution. Direct mail and newspaper or magazine advertising. Not
because they dont perform but because like the internet they dont
perform well enough for the money which they cost. I have used them both; even
won Royal Mail Best Mailshot awards. However, a good response rate
from a mailing campaign will only be 3% or less; OK, I have heard of and had much
higher than that, especially with lists Ive generated myself or to existing
customers. Ive also seen and heard of 0% response rates. But when you have
got limited funds in your kitty and youre not (yet) a direct mail expert
then even a modest mailing of 1000 or so, isnt go to pay for your first
Roller and yet itll take a hefty slice out of your budget. In fact, youll
be lucky to break even at any point if Royal Mail are still experiencing a 5%
shrinkage rate on deliveries as at one stage. But
just as with the internet, this is a sector which has a substantial learning curve
attached. You wont learn writing good copy from illiterate, lower-case postings
on a weener business forum. Itll work and work well but its mainly
for professionals rather than a home business just starting out. The
other classical area for lead generation is newspaper advertising or similar -
school magazines, specialist magazines, etc. Once again, the medium is - or can
be - effective but its all about budget. To make an impact with this kind
of advertising, it has to be done regularly and supported with as much editorial
as possible. (The editorial is more important than the advertising). YOU might
think you can write killer copy; but is a readership, mentally swamped
by generations of advertising messages going to be sufficiently impressed by your
first-time effort to get in touch with you in preference to everyone else - just
to explore the possibility of giving you some money? I dont think so. If
you have got the money in your kitty for a sustained media advertising campaign,
then OK but I doubt that you would be trading as a home business and so, reading
this. There are LOTS of other ways of lead generation which cost very little and
are infinitely more effective. Back
to the List of 72. Print it off, sit down with family and friends again (non-Facebook
types) and tick off the lead-generating possibilities which suit you and your
home business activity. Budget continues to rule so I dont imagine youll
be launching a TV advertising campaign. On the other hand, if youre looking
to do business locally then a few thousand letterbox flyers, hand-delivered by
yourself, family and friends might work wonders and cost very little, indeed.
(It is no coincidence that leading, household name UK companies continue to favour
this method despite everything which is claimed for internet-based marketing;
a current business news story for you here.)
Even in rural areas, you can easily target a lot of people this way and the only
constraint might be, how many flyers can you afford to print? If
you find yourself asking this question then do look at printing your own. Black
and white is normally very cheap but if youre going to start spreading your
message to car windscreens and leaving little piles in newsagents, grocers, charity
shops, markets, fairs, you can easily be looking at repeat print runs of thousands. Take
a look on eBay for a second-hand workhorse printer. Stick to black and white (or
if you want to spend a bit more consider colour by all means but its the
consumables which will cost you an arm and a leg subsequently) and for a couple
of hundred pounds you should be able to pick up a real work-horse laser like a
Ricoh Aficio. (As
I write there is actually a Ricoh Aficio, as pictured, on eBay with just 11,000
copies on the counter going at £99 with just over 1 day of bidding left!)
These
are A4/A3 printers and will normally duplex as well. Its worth paying the
extra for those two features because you will then be able to print double-sided
much more quickly and (almost!) eliminate feed problems. In addition heavy duty
machines like these operate at a fraction of the cost of desktop inkjets/lasers.
Heavy
duty printers have a life cycle of a million plus copies and usually, you should
be able to get one which has only done around 100,000 to 150,000 quite easily.
In addition, models which are several years old will have consumables and parts
readily available on eBay and at very reasonable prices. A bit of patience is
all thats needed and then you should be able to do your advertising printing
for next to nothing AND have the capacity to do a bit of printing for your friends
AND, affordably add some glossy brochures to your home business portfolio as well!
BUT. Time to dip into the war chest again. (What are we up to now?) Be
very careful about buying ANY new printer. For the past few years, printer
manufacturers have been making the lion's share of their money from the sale of
consumables - and that means a lot more than just ink or toner. A typical modern
laser printer will require you to change colour drums, imaging units, transfer
belts, fuser units and even waste toner containers at frighteningly regular intervals
usually at a cost of hundreds at a time. And, as all modern printer consumables
are electronically 'chipped' as well, the customer has absolutely no say whatsoever
in the matter once the machine has turned over a predetermined number of times
- irrespective of quality, waste and any other technical problems. In addition,
the benefit of manufacturer service contracts is highly dubious involving pretty
much the same kind of selling scam as extended warranty contracts on most new
consumer goods. In addition, we all know about built-in redundancy, don't we?
No more than 5 years for an inkjet, I'd say, before a chip cuts in and knocks
out the machine, manifesting itself usually, as a major ink leak. Arguably,
THE manufacturer to avoid in the small business sector is Xerox in general
and Xerox (France) and Xerox (India) particularly. From spoof websites mocking
the company's approach to customer service, through to a lawsuit brought by the
SEC in the USA, consumer complaints about Xerox's scams abound. Here are just
a few links for you: http://www.customerservicescoreboard.com/Xerox
http://www.my3cents.com/companyOverview.cgi?code=398
http://forums.cnet.com/7723-7590_102-35686.html
http://www.consumercourt.in/computer-hardware/6503-xerox-company-not-providing-service-under-warranty-product.html Just
a couple of other points about printing and distributing your own. Firstly,
DO NOT print on coloured paper. It's
amateurish, it is difficult to read, especially if you are printing on a dark-coloured
paper and the usual reaction from your intended client will be to chuck the thing
in the bin without even trying
to read
your advertising
message. Black on white, as any graphic designer will tell you, has the most effect
or impact and of course, it's also the cheapest colour paper you can buy. (Newspapers
haven't been printed black on white for centuries simply by chance.) Secondly,
DO MAKE AN EFFORT to produce a tidy, easy-to-read flyer. There are so many
free publication templates available these days that there really isn't any excuse.
Do resist the temptation to overcrowd your message; 'white space' is as important
as the message itself. And if you want to use a bit of clip-art try to avoid using
the same image everyone else has used before you. Then, when the flyers come off
the printer, REJECT any which aren't perfect. Don't leave your customer with the
impression that you are just a cheap slob. Thirdly.
At the risk of being of being dragged before a court for making inflammatory and
discriminatory remarks (as if I ever would), it's common business knowledge
that certain demographic groups are better targets for your publicity than others.
Council estates are the gnat's nadgers; the tenants are usually hard-working and
honest, especially the older generations. 'Desirable' postcode areas on the other
hand, are best avoided unless you have a very particular service to offer or you
know what you are doing. As the saying goes, you don't 'make it' in Britain by
being honest or hard-working. Consequently, general opinion is that well-off neighbourhoods
are largely populated by successful crooks - in which case you might struggle
to get paid, if at all. (There you go; that'll get me an OBE.) But it's
what they say. So once again. Be mindful of who you target; don't just distribute
your publicity willy-nilly. Back
now, to prospecting. If its a national service you are offering - technical
translations, perhaps - then precision lead generation will be the order of the
day although this time, you will need to identify potential clients around the
country who will need to be addressed by name. Typically, this is where Chambers
of Commerce, import/export clubs, technical journals and directories, trade visits
and exhibitions come in but all of a sudden, although it might have seemed a good
idea at first, reaching out to do this kind of business can unexpectedly become
expensive and complicated. Once again that is usually the last thing you want
when starting a business from home, however potentially lucrative the business
idea might be. That
is one reason - and a very good reason - why the vast majority of businesses are
local. It's interesting to note that even online business activity
which can easily be enabled to trade internationally, (i.e. online payments, eBay,
etc) often stipulate national sales ONLY and by implication frequently, local
sales only. i.e. the insistence that goods are collected and paid for in person,
won't take PayPal because the transaction charge is too high, hasn't got an alternative
means of taking payment online, vague 'problems' experienced in the past with
overseas postage, cost of overseas postage and so on. In
fact, when you come to sitting down at this stage to examine how you are going
to go about selling your wares, you may well ask the question, Is this
what I should be selling at all?! Its a good question to ask.
One of the most important lessons to learn about success in business is that you
give the client what he or she thinks they want. Not needs; or what
you think they want. Then, if you havent got it right, be prepared to change
or adapt your offerings to provide exactly what will sell and then, what you
are able to DELIVER. Dont
forget that one of the main advantages of a home business is that you will be
supremely flexible and much more sensitive to your customers wishes than
a larger company, where there will be an information chain, conceptual and physical
constraints. Budget as well, very often. As a home business your overheads should
normally be low so for small to medium-sized orders, you should have the upper
hand on pricing. That said, you must actually do something, fast, whenever appropriate
and not just gaze at A Round Tuit! At
this stage I feel compelled to comment on an email I received from the professional
business advisory sector a few weeks ago. The subject was British companies going
after new business for which their preferred criteria were: Customers
who are as profitable as possible Buy high-margin products Pay full-price
without negotiating discounts Place a small number of large orders rather
than a larger number of small orders Do not cancel or amend orders or otherwise
add time and complications to their orders Pay on time without being chased
for payment Do not require extensive after-sales service Yeah,
and Im after a mistress who looks like Ursula Undress, has Steven Hawkings
brain, unlimited access to George Soross bank account and can drink like
a Russian soldier. If ever I have seen an epitaph to the demise of British industry
then this is it. Im normally OK for a laugh but the fact that this came
from the official business support sector leaves me wondering what other fantasies
they have up their sleeves. So
lets get this straight. As a home business, your wish list will be pretty
much the same as that of any other business. But dont expect for one minute
to get anywhere near these kinds of expectations. If you get paid within 90 days
for example, celebrate. Its better than not getting paid at all which is
a daily occupational hazard of running a business. If you get a small order, celebrate
again. Its a lot better than no order at all. And its probably from
another small or home business like yourself, which needs to breathe in order
to grow. They cant afford a big order even if they wanted to order more.
And so on. As
a home business starting out, in practice you will accept what business you are
offered and you will be ever so umble and say Thank You
and later you will go back and say, May I ave some more, please,
sir? There
will be exceptions. For example. If the word at your local Chamber of Commerce
or business club (your subs working for you again) is that Firm X are very bad
payers or in danger of winding up then you will take note and try to find business
elsewhere. But
dont be under the illusion that as a home business starting out YOU can
pick and choose. Not to begin with, you cant. Get yourself established and
THEN . . . (think of it as your own version of loss-leading.) Finally,
just one last thought and its very important. Its
not that unusual to get such a good response from your lead generation, especially
when starting out and pinpointing a service which is unique to the area, that
you end up with more leads than you can quickly or reasonably handle. This is
an extremely undesirable situation because it usually leaves you having to make
one of two choices. Either, decline some of the potential business altogether,
politely fobbing off the potential customer and risk losing him/her for life.
OR, hastily phone and ask around to see if someone else can step in to take up
the slack. Anticipate
this kind of situation yourselves with lead generating. Make sure youve
got the capacity handle the business you are going after. Do the necessary BEFORE
you start prospecting. Part
III: Bringing Home The Bacon (For
those of you who have come straight in to Part III, I would suggest that you at
least take a quick look at my Preamble. Parts I and II precede.Thank
you.)
Enquiry
time Right,
youre under way. Your professional PA has emailed and left a phone message
for you with an enquiry. You will usually get these first thing in the morning
which is perfect. Youre feeling fresh and sharp. You get onto calling back
by no later than mid-morning unless the caller has suggested a specific time.
The message had arrived the previous afternoon but although its important
to get back quickly on enquiries its also a good idea to let people get
into their offices comfortably first thing in the morning, have a coffee, read
their mail and have a look at the newspaper. You will have had a quick look at
a newspaper as well, even if only online. For me, getting back to someone just
after 10am is favourites. Just
another tiny bit of preparation before touching base with your first phone call.
Just register the enquirers address in your mind and ask yourself how easily
could you make an appointment and by what time of day or during the week. If necessary,
quickly check your journey times. Then,
if a time and a place is proposed, you will (should) already know how that fits
in with travelling and you will be able to make a decision and give your answer
straight away. WITHOUT I hope, some stupid pregnant pause as you pretend to look
in your diary to see if you are free that day. For pitys sake! If
you DONT do this and the conversation steers quickly towards you accepting
an appointment which ends up becoming very difficult for you to get to on time,
you will be faced with the embarrassment of calling back a second time to re-arrange
the meeting OR, to get to the venue the day before which will cost you a lot of
extra time and money. Either way, its the height of amateurism. Get
what information you need to know from the call to give yourself a picture but
dont let the initial conversation drag on. Ensure the enquirer has seen
your website, which if so, is where most information is to be had already. (Although
it's amazing just how many people don't actually LOOK AT and READ website content;
all they tend to see is if it looks pretty or not; whereas just as many websites
don't have information where it should be in a manner which is easy to follow
and understand; advertising and popups slow down the pages loading and leave your
visitors irritated and critical; many websites don't comply with the law. So,
your website can be as much a kiss of death as a beneficial tool - if you don't
get it right. What's yours like? Have you asked anyone?) Then,
if Yes (your website has done the necessary), you will be trying
to fill in any missing pieces and if its still going well, trying to get
an appointment. Its usually yes all the way by the time someone
has called. Business-people dont waste time making phone calls. They are
made for a purpose. If
you have some flexibility of choice in arranging your appointment, I for one,
have a marked preference for late morning (11-ish); I dont like travelling
by car (too much like a stressful waste of time) so I use the train whenever I
can despite the UKs and France's deteriorating quality of service. UK
rail is also ferociously expensive unless you have a few days grace to book
over the internet and choose off-peak services in which case its not that
bad at all. Really. On the other hand, you may not have the luxury of a few days
notice to get to a meeting and so you will be paying out some silly money to your
train operator and possibly, for a taxi, too. In which case, its a good
job you have got that war chest, eh? Finally,
the logic behind an appointment at around 11am. It usually gives you ample time
to get to the meeting while avoiding the early morning rush hour; about an hour
is right for a typical meeting, which takes you nicely up to lunchtime; if on
the other hand, you find yourself getting on like a house of fire, then you can
spill over into lunchtime if necessary, whereupon you will offer to pick up the
tab; (oh, yes); meeting over, you can get back home in a relaxed fashion and once
again, before all the 9-5 sheeple are ready to make their return journey; people
are generally fresher and more alert in the mornings - discussions proceed more
snappily. After lunch, appointments can be delayed or even waylaid by more important
matters which have cropped up in the meantime. That can be unsettling as well
as playing havoc with your own timetable. Of
course, you can throw all these timings and preferences in the bin once you are
contemplating longer journeys and trips of 2/3 days or to other countries. Despite
current talk and reports of the future lying in exporting, the average Brit is
only likely to go abroad for a one-week vomiting holiday in Torremolinos. Flying
is favourites although increasingly unreliable and respectful of the laws of gravity,
whereas train travel which should be less disruptive and more productive, is rife
with timetable delays, strikes, filthy carriages, standing-only and poor to non-existent
communications. Even in France, which until four or five years ago had one of
the best rail services in the world, standards have dropped to such an extent
that if you are able to complete a trip according to a journey plan made a few
weeks earlier, then you will be in luck! 
Having escaped the clutches of the UK's rail franchises and the French SNCF though,
matters do get far better as you head north, south, and east, all the way
to Mongolia and beyond. The worst possible scenario there is that public transport
doesn't reach all parts of the Asian continent - in which case you simply fall
back on a 30 year-old Lada still running strong which, even in the unlikely event
of a breakdown, can be fixed almost immediately with a 2lb hammer. (Pic
aside - an unbreakable 4wd Lada for going and working where bloated Hummers
and Range Rovers can't and don't go. Ultimate retro-chic and practicality for
lifestyle and land-working home businesses. But all that is another story.) Consequently,
come the time you want to do business outside your own country's back yard and
a crap internet connection, start worrying. However, within a radius of a couple
of hundred of miles of your home business, you should fare better. Which, mind
you, is still a lot of potential custom. Final
preparation and the internet again Once
you have the basic details about who wants to see you and why, it seems logical
to use the internet to find out more about your potential client. This can be
a Damoclean sword. If
you use the internet as well as a bit of insider information (chamber of commerce
or business club again; maybe Companies House) you are likely to go along to your
meeting armed with all that you will need to know to make a tidy impression and
to arrive at a balanced decision if the next step looks like a deal. Dont
push your research into your clients face; just one or two facts which come
out discreetly in the conversation will be enough to hint at your thoroughness
and professionalism. However,
if you can find out about your client, he can find out about you, too. It is becoming
increasingly commonplace for companies to google personal and company histories
on the internet and use those findings to influence their decisions. Just ten
years ago, that wouldnt have happened and if you were a home business recently
starting out and you had a VA a couple of years before that, it was possible that
with a fair wind, life could have given you a welcome, fresh start. That is no
longer the case. Worse
still, the arrival of social networking sites has complicated matters still further.
A couple of postings which may have seemed just a laugh at the time; someones
rant, a pack of lies or not, and all of a sudden, doing business isnt quite
as straightforward as it used to be - especially if you were hoping to get away
with the odd white lie or two here, and a stone left unturned, there. Perhaps
fortunately, the future is B.R.I.C. (Brazil, Russia, India, China.) We will all
have to learn a new business language; the internet will finally be policed; sensible
laws introduced and enforced; security measures applied and constraints will be
placed on the abuse of integrity and freedom. For the time being however, there
is more than a problem. (I'd be among the first to defend human rights and liberties.
That doesn't mean defending human abuse.) It
means that in going to your meeting, it would be prudent to work on the assumption
that your background has been laid bare and any temptation to pretend you are
NOT a home business or that your business experience goes back no more than 40
days, should be avoided. I would be surprised if someone actually had the gall
to invite you to come along to a meeting only to throw facts like these in your
face. But if in the meantime they have come across pictures of you exposing your
arse on Facebook (however appropriate) dont expect to land a contract as
a Public Relations consultant to a member of the Saudi royal family. (A
good home business opportunity here, though. Deleting histories and records held
on the internet. I've received a few contacts already from people offering their
services in this field and I would expect this to be a good punt for the next
few years.) Getting
ready for the meeting; to take list. It
may not seem it but I suffer from nerves quite badly before a big event. I keep
telling myself that after all these years its a nonsense but that doesnt
seem to make any difference. If you are the same as me, Im sorry but I cant
give you any advice although there are a myriad books on the subject. The best
I can ever do is go along and keep my mental fingers crossed. In
the event - 99% of the time - its OK on the day. Its the night before
I lose sleep just when I need the exact opposite. So, I get out my clothes; polish
my shoes; check my travel tickets are in my top, inside pocket which is where
I instinctively hope to find them; (I almost never travel by car; too time-consuming
and you cant work or relax while driving.) I
check the mobile phone to make sure its fully charged and that I know how
much calling credit is left; (for the purpose of business trips I only use my
mobile phone for emergencies such as last-minute changes to plan); make sure Ive
got at least two credit cards with enough money behind them to pay for the cost
of another journey just in case I lose my tickets at the last minute; plus enough
for a taxi plus a meal for up to three or four people. I
also check Ive got the equivalent amount in cash. This check and facility
is absolutely essential. I and people I have seen, trying to slide under a table
to hide their embarrassment when trying to pay for a business lunch with a card
which didnt work - is not a pretty sight. Funny. But certainly not dignified.
Plastic
money is pretty tough but things can go wrong, not least of all damage to the
magnetic strip or as with some cards, youve forgotten to instruct your bank
to authorise foreign transactions. I once lost a card, reported it missing for
it to be cancelled, found it again and instead of destroying it immediately, absent-mindedly
put it back in my wallet. Later, I pulled out the identical replacement card and
destroyed that by mistake, instead. You know the rest.
Cash
is good. Bullet-proof. (In the pic, a genuine and typical member's 'pile' to
take on a business trip; moleskin wallet, bits inside and £200 in cash to
the left; small moleskin notepad and pens - Pilot V5 Tech Points; I use a classic,
leather Time Manager,
myself; then, a ubiquitous, unpretentious but perfectly effective Acer laptop;
Olympus Ferrari digital camera. At the back, choice of music if you are taking
along a device for making sound; Tony Bennet in this member's case. Good stuff.
On the other hand, I just eavesdrop on fellow-passengers' conversations. I learn
something every time. Finally, that modern-day technological codpiece, the mobile
phone. In this case, an eight-year-old Nokia on a Vodafone Pay As You Go tariff
with international roaming, kept in the coat pocket so that it doesn't get forgotten.) By
the way. Dont try to impress your clients by paying with a gold,
platinum, black or American Express card. Just an ordinary Visa will do. Or cash.
Youre NOT supposed to be giving the client the impression that you can afford
him, rather than vice versa. Most
important of all, I make sure I have my piece of paper with the meeting venue,
client names and contact details. This will usually go in the briefcase although
not before Ive memorised the name and address so that I can quickly hop
into a taxi if running late and give instructions to the driver without having
to fumble about. The
briefcase will also contain of course, the portfolio/presentation and/or any samples
or further promotional or research material. By the way. Try to get a decent briefcase
for your meetings. eBay has a wonderful selection of good quality, used leather
briefcases and for £20 or even less, you should be able to do the business.
This is also one of those 'cases' where you don't want something which is brand,
spanking new. You're an experienced businessman, right (?), and your briefcase
gives the impression that you've done a lot of meetings. I
try to avoid taking along a computer if I can unless I have a lot of work I could
profitably do on the train. However, everyone but everyone, including the captains
monkey is sprawled out with their laptops and notepads on trains these days and
being able to do some work yourself isnt always practical. I
also take some paper hankies or kitchen roll, an energy bar or a couple of home-made
flapjacks and a bottle of still mineral water. Then, if the train breaks down
(almost guaranteed if its a Eurostar) you should be OK for the 24 hours
or so itll take for them to get the thing moving again. Some people pack
a good book as well but I find I can amuse myself simply by looking at what isnt
happening or once again, listening to what people around me are saying. Pretty
much the same kit bag when travelling by coach, especially along the western half
of Britain or anywhere in general, which is allegedly served by Virgin Rail. (Although
a recent survey suggests that Virgin Rail is the UK's most improved rail service.)
OK,
then. Bottom line. Get everything ready the night before so that come the day
of your meeting you can be like Eric Cantona. COOL. Arriving
at the meeting. Try
to get there about 15 minutes early. If
you have chosen to drive, its not a good idea to turn up in something which
looks and/or is more expensive than your clients car. He or she may think
you dont need or deserve the business. If you are going to arrive in something
which conforms to a British-manufactured average family saloon or estate, then
fine. If its a Japanese 4wd pickup which only goes off-road when it mounts
the kerb - or anything similar normally driven by East European body part smugglers
- then park out of sight and take a short walk to your appointment. Seriously.
Going to meet someone for the first time is a VERY subjective affair. Kill
the mobile. Turn it off, off, off. If you can leave it in the car, do so. If not,
leave it in your coat pocket in the reception area. Nothing is a bigger turn-off
to your client than a mobile/smart phone going off half-way through the conversation.
Even
if the meeting is largely concluded DO NOT go looking for your latest bit of plastic
to see if there are any messages for you. Its a modern form of social inadequacy
or attention-seeking. If you cant last an hour or so with a customer without
looking at a bit of plastic, you dont belong there in the first place. Check
yourself in a mirror. If you can. Especially if youve been eating or its
a windy day, etc. If you arrive early, you can ask the receptionist if you can
use the toilets. Thats the time for a final check. Meeting
time. Here,
we part company. Time to do the business on your own. Now that you have arrived,
the job is over half done. Usually, you will get the business simply by avoiding
any disasters or making a fool of yourself. If you've never done any selling before
then the closest analogy is, I suppose, like going for a job interview. After
that, I am reminded of the advice I once received from Britains most acclaimed
salesman at the time: Selling is just about making friends. (Shortly
afterwards, in a highly mediatised story, this guy was sacked by his company's
MD for making more money from sales commissions than he (the MD) was earning in
salary. This same MD, who was also credited with popularising that corporate profit-making
device politely referred to as 'creative accountacy' and sending thousands of
small suppliers and sub-contractors to the wall, then went on to be knighted by
Margaret Thatcher's government for 'services to industry'. Since
that time, British industry has either died or been bought for peanuts by furreners.
Whereas more recent knighted
British industry 'luminaries' face disqualification from holding directorships
by getting involved in outright scams. And
so, a classic element of home or any small business survival remains. If you can
possibly avoid it, don't do business with just one, major customer. Or a large
company. Then again, if the wolf is at the door . . .) On
yer bike, then. Oh.
Almost forgot A posting I saw on a Forum For A Moron recently, has just reminded
me. Read
my lips. In
the real world, you do not get brownie points , or contracts, for rubbishing your
competition. It might seem like a good idea to a keyboard warrior with a few Carlsberg
Specials down their neck, cowering behind a suitably stupid pseudonym trying to
talk up their online presence. In
the real business world however, you will need to explain, convincingly, why YOU
deserve to get the work and not why someone else, such as an existing supplier,
shouldn't. Don't
ever forget that. At any time. It's one of the most unprofessional things you
can do. (This
article is an excerpt from the book, 'Home Business Survival' by Len Tondel, Copyright
2011
101
Home & Small Business Marketing Ideas Alyssa
Gregory, About.com Guide
One
universal small business goal is to sell the business's products and services.
This is usually best accomplished by positioning the business in front of the
target audience, and offering something they can't refuse or find elsewhere. To
this end, one of the smartest things a small business owner can do for their business
is take the time to develop a small business marketing plan that will set them
apart from the competition. A marketing plan clearly outlines how you will reach
your ideal customers by effectively implementing your marketing strategy. There
are thousands of ways you can promote your small business. With the right mix
of activities, you can identify and focus on the most effective marketing tactics
for your small business. Here is a list of 101 small business marketing ideas
to get you thinking about all of the different ways you can promote your business. Do
you have an idea of your own not listed here? Add it to the list. Marketing
Planning 1.
Update or create a marketing
plan for your business. 2. Revisit or start your market
research. 3. Conduct a focus
group. 4. Write a unique
selling proposition (USP). 5. Refine your target audience and niche.
6. Expand your product and service offerings. Marketing
Materials 7.
Update your business
cards. 8. Make your business card stand out from the rest. 9. Create
or update your brochure.
10. Create a digital version of your brochure for your website. 11. Explore
a website
redesign. 12. Get creative with promotional
products and give them away at the next networking event you attend. In-Person
Networking 13.
Write an elevator
pitch. 14. Register for a conference. 15. Introduce yourself to other
local business owners. 16. Plan a local business
workshop. 17. Join your local chamber of commerce. 18. Rent a booth
at a trade
show. Direct
Mail 19.
Launch a multi-piece direct
mail campaign. 20. Create multiple approaches, and split test your mailings
to measure impact. 21. Include a clear and enticing call
to action on every direct mail piece. 22. Use tear cards, inserts, props
and attention-getting envelopes to make an impact with your mailings. 23.
Send past customers free samples and other incentives
to regain their business. Advertising 24.
Advertise on the radio. 25. Advertise in the Yellow
Pages. 26. Advertise on a billboard. 27. Use stickers or magnets to
advertise on your car. 28. Take out an ad in your local newspaper. 29.
Advertise on a local cable TV station. 30. Advertise on Facebook.
31. Advertise on LinkedIn.
32. Buy ad space on a relevant website. 33. Use a sidewalk
sign to promote your specials. Social
Media Marketing 34.
Get started with social
media for business. 35. Create a Facebook
page. 36. Get a vanity
URL or username for your Facebook page. 37. Create a Twitter
account. 38. Reply or retweet
someone else on Twitter. 39. Setup a Foursquare account for your business.
40. List your business on Google Places. 41. Start a business
blog. 42. Write blog posts on a regular basis. 43. Start social bookmarking
your online content. 44. Create a Groupon. Internet
Marketing 45.
Start a Google
Adwords pay-per-click campaign. 46. Start a Microsoft
adCenter pay-per-click campaign. 47. Comment on a blog post. 48. Record
a video blog post. 49. Upload a video to YouTube.
50. Check your online directory listings and get listed in desirable directories.
51. Set up Google
Analytics on your website and blog. 52. Review and measure your Google
Analytics statistics. 53. Register a new
domain name for a marketing campaign or a new product or service. 54.
Learn more about local
search marketing. 55. Track your online reputation. 56. Sign up for
the Help
a Reporter Out (HARO) email list. Email
Marketing 57.
Create an email
opt-in on your website or blog. 58. Offer a free download or free gift
to make people willing to add their email address to your list. 59. Send regular
emails to your list. 60. Start a free monthly email newsletter. 61. Use
A/B
testing to measure the effectiveness of your email campaigns. 62. Perfect
your email
signature. 63. Add audio, video and social sharing functionality to your
emails. Contests,
Coupons and Incentives 64.
Start a contest. 65. Create a coupon. 66. Create a "frequent buyer"
rewards program. 67. Start a client
appreciation program. 68. Create a customer of the month program.
69. Give away a free sample. 70. Start an affiliate
program. Relationship
Building 71.
Send out a customer
satisfaction survey. 72. Ask for referrals. 73. Make a referral.
74. Help promote or volunteer your time for a charity event. 75. Sponsor a
local sports team. 76. Cross-promote
your products and services with other local businesses. 77. Join a professional
organization. 78. Plan your next holiday promotion. 79. Plan holiday
gifts for your best customers. 80. Send birthday cards to your clients.
81. Approach a colleague about a collaboration.
82. Donate branded prizes for local fundraisers. 83. Become a mentor. Marketing
with Content 84.
Plan a free teleconference
or webinar. 85. Record a podcast. 86. Write a press
release. 87. Submit your press release to various distribution channels.
88. Rewrite your sales copy with a storytelling
spin. 89. Start writing a book. Marketing
Help 90.
Hire a marketing
consultant. 91. Hire a public relations professional. 92. Hire a professional
copywriter. 93. Hire a search
engine marketing firm. 94. Hire an intern to help with daily marketing
tasks. 95. Hire a sales coach or salesperson. Unique
Marketing Ideas 96.
Get a branded tattoo. 97. Create a business
mascot to help promote your brand. 98. Take a controversial stance on
a hot industry topic. 99. Pay for wearable
advertising. 100. Get a full-body branded paint job done on your company
vehicle. 101. Sign up for online
business training to revamp, expand and fine tune all of your marketable skills. There
are many more than 101 small business marketing ideas. Do you have an idea not
listed here? Add your small business marketing idea to the list. Top
Ten Networking Tips From the SFEDI Enterprise Network Builders
of the Year 2010 Release Date: 3 June 2010 Contact:s: Duncan Cheatle
079 9057 0393 Andrew Ferguson 020 7473 5544 Two
very different Enterprise Networks have won the first SFEDI* Awards for this category
of Business Support for 2010. The
Supper Club, who won the top award, creates connections between million pound
businesses. Founder Duncan Cheatle says 85% of our members believe The
Supper Club has helped them grow their business, and 40% have found strategic
partners through our events. www.BreakthroughNetwork.Net,
winner of the runner-up award, is an online forum where professionals and enterprises
of any size meet, network and answer each others questions. Founder Andrew
Ferguson says We have deliberately removed all the clutter which plagues
other networking websites; so www.BreakthroughNetwork.Net is simple to use and
puts connectivity first. Presenting
the annual awards to recognise the stars of enterprise support, Tony Robinson,
Executive Director/Founder of SFEDI said With the new government gradually
taking shape, there is concern about what small business support policy will look
like. SFEDI Award Winners Duncan Cheatle with the Supper Club and Andrew Ferguson
with the Breakthrough Network show that in reality most small business owners
learn how to succeed, and support each other, in their own brilliant networks.
They do it for themselves. Government agencies and support personnel are
not as credible - you learn to survive, thrive and develop far more from problem
solving and talking to fellow small business owners. Government should enable
rather than meddle in enterprise. They would get far better bang for the business
support buck by enabling networks like Breakthrough and The Supper Club to do
more and reach more new and existing enterprising people. Duncan
and Andrew have put their heads together to compile Ten Top Networking Tips. Andrew
Ferguson sums it up in one word Give. Put your own agenda to
one side, he says, and give your full attention to being useful to
others ... unconditionally. Andrew and Duncan both demonstrate this by giving
at least half their coaching time free of charge. Duncan Cheatles Top Tip
is Focus: time is your most precious asset, so mixing with the right people
in the right way is crucial. Released
by: Andrew Ferguson Duncan Cheatle The Breakthrough Centre The Supper
Club 29 Adine Road, London E13 8LL 19-20 Dufferin Street, London EC1Y 8PD
t: 020 7473 5544 t: 084 5359 9888 e: Duncan@Supper-Club.Net
Notes:
* SFEDI originally stood for Small Firms Enterprise Development Initiative. SFEDI
describes the skills and know-how required to survive and thrive for those thinking
about, preparing for and starting their own business. These 'standards' are used
in training and support programmes and all recognised enterprise qualifications
in the UK. SFEDI also sets standards, accredits and recognises best practice
for all those supporting prospective and existing small business owners. Colour
photos and digital images available Andrew and Duncan are available for interview,
radio and television. Duncan
and Andrews Top Ten Networking Tips From the SFEDI Enterprise
Network Builders of the Year 2010 Duncan Cheatle of The Supper Club and Andrew
Ferguson of www.BreakthroughNetwork.Net Give:
Put your own needs to one side and give your full attention to being useful
to others ... unconditionally. You are far more likely to make a good impression
too. Focus:
time is your most precious asset, so selecting the right people to mix with,
and productive methods and places, is crucial. Visibility:
Dont hide your light. Dont deprive people of your extraordinary
gifts. Its OK to be seen, and known, liked, valued and respected
(arch networker Roy Sheppards formula for successful networking). Then even
more people will seek you out. The best way to benefit from a network is to be
generously and visibly helpful in its forum, because its not just who you
know, its who knows, and remembers, you. Listen:
Show you genuinely care by listening and responding intelligently. This takes
you into their world. Working the room, importuning others with your
agenda creates a referral-free zone around you! Listening is an incredibly rare
talent. Commit:
Dont be flaky follow up when you say you will, and dont
promise what you wont or cant deliver promptly. Dont let your
Yes be submerged by your inability to say No. Commitment is memorable.
Facilitate:
Prepare some interesting questions, relevant to the group/venue. Be ready to explain
succinctly what you do - few will take you seriously if you waffle vaguely, so
be really clear what result your business gives people, and also what youre
looking for right now ... just in case they ask. Etiquette:
Dont be dismissive or rude to anyone. Whether they appear valuable to
you or not, its wrong, and they may be best friends with your next prospect!
If youre being helped, you make the running ... and the phonecalls; and
after youve been helped, always ask ... and what are you looking
for that I might be able to help you find? A Thank-You wouldnt go
amiss either! Relevance:
You will be judged by the introductions you make, so make sure there is real
value to both parties. Only refer people you genuinely believe are ready and able
to benefit from each other. Are they at an adequate level of skill/development?
Do they have the time? Congregation:
Even though the core principle of networking is to give and facilitate things
for others, it does make sense to do your networking where your own niche market
congregates. Not least because you need to be able to speak the same language
at the same level. This is where youre most likely to find joint venturers
for mutual benefit. Relationship:
To network effectively the main requirement is to be a fully functioning human
being with a deep understanding of relationship. Personal development is the main
training to undertake. What
have we missed?! Whats your key networking tip? Andrew
Ferguson; Duncan Cheatle www.BreakthroughNetwork.Net; The Supper Club
t: 020 7473 5544; t: 084 5359 9888 e: Andrew.Ferguson@LifeShift.co.uk e: Duncan@Supper-Club.Net |