It is important to be realistic about what's important and who really will help you most. Strip away the fantasy to ensure your success. Or indeed you will fall among the statistical 4 out 5 new businesses who fail. Forewarned is forearmed. Be successful.
1.Don't hide in your office.
No one knows how good you are until you get out and show them. Use all the face-to-face marketing tools in your kit. Ask me if you need more.
2.Don't be afraid of the phone.
When you are in business, the phone is your friend. It is a lifeline to your customers. Use it wisely. Ask me if you need skills to improve your results.
3.Don't assume your family and friends will be or will refer to you all the clients you need.
They know you as family and friend. Your business will grow exponentially as soon as you start working outside that circle. Don't wait. Reach outside that comfort zone as fast as you can.
4.Don't go it alone.
Solicit the support of others - experts you need (legal, banker, financial, taxes, computer guru, marketing), your best champion, your best friend, a support group of peers, a trainer, a coach, or if you are very self-disciplined, use courses, books, and audio tape programs. I find a combination is best.
5.Don't ignore planning.
You need a business plan, a marketing plan, a budget, a timeline and goals. No one ever wins the Tour de France without knowing where he is going on each leg of the journey.
6.Don't minimize or apologize for starting your business to anybody. Don't let anyone rain on your parade. They may mean well. They may think they are protecting you, your family or your finances from ruin. Follow your intuition.
7.Don't spend a lot of time or money on your business cards/stationary/logo/etc.
The look and content will likely change as you refine your business and your target market semi-annually at least for the next couple years.
8.Don't postpone opening the doors of your business until everything is ready.
Face it, it's a work in progress and will never be done and that's OK.
9.Don't start with your web page.
It's a costly use of time up front. It does not have to be on the critical path. Yes, you need one. But it will not bring sales. It is simply a tool of credibility, like the Yellow Pages used to be.
10.Don't abandon your family and become a workaholic to get your baby off the ground.
Plan time with them; make it as important as that next sale or contract. After all, they have invested sweat equity most likely. So you want them around you when you savor success too.
Grants For Starting New Business
1 - Develop a unique position for your product.
What is unique in your product or service? Is it better than competing products or simply the same? If it is identical in terms of features for what reason a prospect would buy your product rather than products already on the market? What distinguishes your product from the others? The successful online businesses are never copying each other, but offer a unique and new product aimed at a niche market.
2 - Find a market before developing a product.
Those who choose a product without performing a market research are taking the most difficult path. Find a market filled with people who are willing to buy your product. That way you can respond to their needs. Make sure that the market is growing or large enough to generate a good income in the long run. If you identify that the market is too small, thing twice before even going further.
3 - Do not create a market.
Find an existing market. If you can not describe your prospects in a few lines, you'll suffer when you try to sell your products online. Make a market survey to find out who you are talking to. Who are your prospects? Does your target market need your product? Your prospects, do they expect your product? Are they looking for its specificity? Do not attempt to create a desire in people who are not part of your target market. It will be easier to sell a steak knife to a hunter than a vegetarian.
4 - Multiply your sources of income.
In most cases, more than 50% of profits from your website could come from multiple sales. It is easier to sell a second product to an existing customer than to win a new prospect. Sell therefore services and benefits associated with your products such as the installation or support. If you offer products, try to sell complementary products. If you do not offer more than one product or service, you put aside the majority of your income.
5 - Make sure you have expensive products in your overall strategy.
If you sell products currently inexpensive (a few hundred bucks), which are not consumables, you must find other products more expensive to sell at the same time to your customers. It is easier to sell a product costing $5000 to a single client than selling a $50 product to 100 clients.
6 - The purpose of advertising is to sell.
Unless it is a large multinational, you can not afford to spend millions to create your image on the Internet. Keep your investment low and make sure that every cent you spent on advertising generates at least one cent in revenue. Focus on simple campaigns whose results are easily quantifiable.
Both Kerri Salls & Serge Dandelin are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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