4.
~/~ SOHO Help Desk ~\~
http://www.demc.com
Today's SOHO Help Desk offers valuable advice on staying
focused on building your business.
If you have a informative tip, promotional idea or
question you would like included in an upcoming issue
of DEMC, all you have to do is submit it by email to -
mailto:helpdesk@demc2.com
=== Productivity Tips ===
"5 Strategies To Boost Your Business Productivity"
By: Glen Smyth
Building a dynamic small business is a constantly evolving,
increasingly demanding role.
It is very easy to get so caught up in the day to day
running of our business that we neglect to take the time to
look from the outside in to see what we could do to improve
our profitability!
Well here are 5 Strategies that could boost your
productivity overnight!
They are not rocket science and you may have even heard
some of them before, but they are 5 proven principles
that you can review today to help you stay on track
regarding the real issues to grow your business
from here.
1. Define your Unique Selling Proposition (USP) in one
sentence
What is at the heart of your business that makes it unique
and attractive for your customers? Summarize your key
selling points that make your product or service a 'must
have' for your clients.
You probably went through this exercise when you first
started your business...but have you need to remind
yourself regularly why you are doing what you are doing!
New competitors may have emerged and you don't have that
same uniqueness that you once had.
Perhaps it's time to reinvent yourself and get that edge
over the market once again!
2. Identify Who Your Target Market Is
When you first started your business, you knew exactly who
your target market was. Is this market still the same, or
have they grown up or matured in their buying habits.
Has new technology overtaken your ideas?
Just imagine if Video Rental Stores had stubbornly refused
to rent DVDs because they were just a Video Store! Your
market may have changed, and you may need to reassess who
you are trying to reach.
Your original target market have grown older since you
began and if you are still promoting your products or
service to this same group - their needs may be different!
3. Would you like Fries with That?
McDonalds have made an additional fortune by training every
one of their sales force to ask one simple question with
every order: "Would you like fries with that?"
I went to buy a tube to fix my daughter's bike puncture the
other day, and instead of just selling me a new tube, the
smart salesman in the Bike Shop inquired quite genuinely
if I had the right tools to fix it.
I didn't - but of course he did...so he cleverly added
value to my shopping experience, and added extra profit to
his bottom line.
What service or product can you offer to people to make
their original purchase with you even more worthwhile?
4. Establish where your clients go before and after they
visit you?
If you can determine this, then you can add instant profits
to your business.
Just imagine if you owned a Real Estate business. Wouldn't
it make sense to have a Settlement Agent in house? And what
about a Mortgage Broker? Or even a Removalist Company?
Perhaps you could rent out a large Furniture Trailer with
your company name emblazoned all over it!
Ask yourself the same question and you can start
incorporating other services that complement your existing
business and watch the profits grow!
5. Ask your existing customers for referrals
If you are providing an excellent product or service, then
your biggest fans will be your existing customers.
Why not offer them an incentive to put you in touch with
people just like them who would also benefit from your
services?
It doesn't have to be anything really expensive maybe even
just a 10% discount off their next purchase from you.
I referred some friends to a Mortgage Broker a few months
Ago, and had forgotten all about it until last week, I
received 2 movie tickets in the mail thanking me for the
gesture.
A $20 investment leaves a nice impression in my mind that
will probably make me think of him again when my next
friend asks me if I know of a good Mortgage Broker!
###
Glen Smyth is the author of the popular new eBook,
"The Small Business Success Guide". Discover how you
can build your own profit-pulling small business, starting
today: http://www.smallbusinesssuccessguide.com
Make sure you also sign up for the WOW! Factor Newsletter
which is full of great ideas from other Small Business owners!
----
If you have a valuable tip, promotional idea, question
or answer you would like included in an upcoming issue
of DEMC, all you have to do is submit it by email to -
mailto:helpdesk@demc2.com
Be sure to include your SIG and contact URL with your
post as we'll be sharing any viable ideas/information
in an upcoming issue of DEMC E-Magazine.
======================
Advertise In DEMC - * Prices *
For information on advertising to the DEMC E-Magazine's
175,000 subscribers for as little as $36, plus details on How
To Get a FREE Ad in DEMC E-Magazine Go To Visit Our Web Site:
http://www.demc.com/Advertise/advertise.html
DEMC
PMB 227, 24-G West Main St.
Clinton, CT 06413
(860) 669-4365
(c) 2003 DEMC All rights reserved
View other back issues of DEMC.
Just click to access our email marketing newsletter archive.