Attracting New Business on a Shoestring Budget

November 19, 2009 by  
Filed under Featured Articles, Wright Ideas

Attracting New Business on a Shoestring Budget
By Kelly Robertson


In a recent marketing workshop I attended, I discovered that most business owners rely on just two or three strategies to attract new business. Even well-established companies tend to rely on one or two strategies. However, there is a multitude of ways to drive new business to your door. Here are a few:

Networking. Perhaps the most commonly used approach by small business owners. However, it is often poorly executed. Many people attend a networking function and take the wrong approach by trying to meet as many people as they can. They bounce from person to person, handing out business cards like it is an Olympic event and they are vying for the gold medal. They fail to realize that the most effective way to network is to cultivate relationships and give referrals to other members first.

Referrals. This marketing strategy places a close second in preferred methods of generating new business leads. The key here is to develop a systematic approach to ensure that you take proactive approach instead than a passive one. Rather than assuming that satisfied client will refer someone to you, ask for that referral. Tell people who your ideal client is and ask for their help in finding these types of clients. The real estate agent who represented the seller when we bought our house, sends us a card every year and reminds us that she loves referrals. It is not pushy, does not sound like she?s begging, and I?m confident it helps generate new leads.

Writing. This often under-utilized strategy is an excellent way to become recognized as an industry expert. Every industry has trade magazines and most are hungry for good content. The Internet is also filled with websites and e-zines looking for material to send to their subscribers and customers. I now write at least one article every month and send it to more than two hundred publications. This strategy alone has helped drive more traffic to my website more than anything else. It is sometimes challenging to come up with ideas and to write an 800 word article but the investment of time and effort is definitely worth it.

Newsletters. This is another powerful technique to keep your name in front of your customers and prospects. Provide key insight into business challenges and offer solutions to them. In other words, help your prospects and customers solve problems. Some newsletters are nothing more than advertising so be sure to provide valuable information to your customer. Although it is less expensive to send a newsletter electronically you can issue it in paper format. A local real estate agent regularly sends out a one-page update of the housing market in our neighborhood.

Cold calling. Without a doubt, this is usually the most challenging way to market a business – I know very few people who actually enjoy cold calling. However, it can be a good way to uncover qualified prospects in a relatively short period of time. Be sure to start your conversation with a good opening to capture the other person?s attention.

Give free information. At the marketing workshop I attended, the facilitator suggested to give information to interested prospects. I have used this approach on my website and have quadrupled the number of subscribers to my newsletter in the last year. You do not need to give away ALL the information relevant to your product or service. Instead, offer information that will help your target market with their problems. For example, when people sign up to my e-zine, they receive a report that outlines 100 tips they can use to increase their sales.

Offer a guarantee. A concern many people have when changing suppliers is the risk associated with the change. They may not be completely satisfied with their existing supplier but the risk of choosing a supplier who may be worse can prevent them from changing. Eliminate this concern and offer a guarantee.

Advertising. This can be a great strategy if you know how to create a good ad. The best marketers know that great sales copy is what makes the difference; I have experienced this first-hand. When I began selling my book on my website, I generated mediocre results for the first two years. I eventually changed the copy on my site and sales have soared every since. Glance through the ads in your trade magazine and you will quickly notice that most ads focus on the company?s product features instead of on the customer?s problem. Create a great ad by concentrating on the problem you can solve.

There are many other ways to market your business and generate new business leads. However, the ideas I mentioned in this article are effective low- or no-cost options. Use them consistently and watch your sales grow.

? 2004 Kelley Robertson

Kelley Robertson, President of the Robertson Training Group, works with businesses to help them increase their sales and motivate their employees. He is also the author of ?Stop, Ask & Listen ? Proven sales techniques to turn browsers into buyers.? For information on his programs, visit his website at http://www.RobertsonTrainingGroup.com. Receive a FREE copy of ?100 Ways to Increase Your Sales? by subscribing to his 59-Second Tip, a free weekly e-zine.

Fall/Winter Setting In

Dr. Letitia Wright

First of all, thank you to all who sent me love and support over this last month. It is and was very much appreciated.

Fall is setting it; it?s starting to get cold. As I am writing this I have on extra layers because I forgot to turn on the heater last night! Tomorrow I am in the studio for the last time this year before we go on hiatus. Its bitter sweet I guess, but of course the time will fly by and I will be back in the studio in January. Also I have a live show at Lisa Marie Platske?s event too. If you are not registered for this event, please at least look at the website before you decide not to come. It?s one of the best values of the year. It is a great way to jump start your business year with new clients, new ideas and new motivation. Who is going to be on my live show? It?s a surprise! It?s very exciting!
LEADERSHIP SUCCESS SUMMIT – 2010
Getting Results in Changing Times
If you’re a Savvy, Entrepreneurial Woman in Business
and You’re Interested in Making 2010 Your Best Year Ever…
http://www.upsidethinking.com

Another cool thing that has come up is that I am doing podcasts for Biddingbar.com
This site is for freelancers who want another place to attract new customers and contracts. It?s free to get your own webpage there and I will be having some great business podcasts there soon. It?s in beta which means it will be changing from time to time and it?s very new. I met with the guys earlier this month and they are off to a good start. When you have more WebPages, it just helps you show up more on the web and more customers can find you. It?s basically free advertising, you can?t go wrong, so visit today and sign up, tell ?me Dr. Wright sent you!

The 10 Week PR Challenge is rocking! People are not only getting interviews but they are also getting paying gigs after the interviews. We are in the middle, if you want in on the next round, then visit http://www.10weekprchallenge.ning.com and sign up,you will get the dates for the next challenge. Please fill out the application seriously. I had to reject someone who said they?ll let me know what they want to do once they look around. It?s not that kind of site; we all have goals and are serious. If you are serious, I want to help. If you are just hanging out to see what?s up, this is not for you. The people on the site are working hard and getting results. That?s the way we roll!
Waiting hear from the Russell Simmons camp about something, if it all works out, you?ll see it on the next show!
Check out the shows here online or at ITunes- you can subscribe for free, just search Wright Place TV Show and its there!

Talk to you soon!
Dr. Wright

The Leap: How 3 simple changes can propel your career from Good to Great

November 16, 2009 by  
Filed under Books, Featured Articles

The Leap: How 3 simple changes can propel your career from Good to Great

Author: Rick Smith

This book starts with the author?s quest to understand how in 18 months he had gone from completely unremarkable to writing a best seller, founding a new company that he eventually sold for more money than he ever dreamed of. He wanted to find people who had achieved extraordinary success without the talents and drive that might have marked them as special from an early age. The book was meant to be a ?Good to Great? manual for individuals. I have read Good to Great, so…we?ll see.

Smith shares how in 2003, his co-written book, The 5 Patterns of Extraordinary Careers took off. The book was very successful and after 3 months of touring his company let him go. He felt like his career had crashed and burned. He was looking for a new job and going to networking meetings. After a while he realized the networking meetings had plenty of people but hardly ever did you see top ranking executives from any companies. He created his own and named it w50. This was almost instant success also. He wanted to learn how this had happened.

Smith has also added lots of stories of how other people did it. This can give you some good ideas and perhaps insight on what creates success. He has a create take on memes however, makes no point of what the reader should do with a meme. Should they get one, make up one, use one? I like the book; I am always interested in how other people go to their success.
This book is an L.A. 7

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