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Brand Marketers Embrace Social Media

If you perform a Google search on any big company’s name with the word Facebook at the end, chances are the top result will be the company’s own official Facebook page. The same goes for Twitter and YouTube. CocaCola and Pepsi, Apple and Microsoft, Target and Walmart—they all have a presence on some social media platform.

Last week we reported on the recent statistics highlighting the social media revolution. The Internet was buzzing about the future of social media, media marketing, and how businesses can use social media to their advantage. This week, the results from a survey were released, detailing even further just how much social media has affected business and brand marketing. Within the next year, an astonishing 82 percent of brand marketers will be using social media to promote their brand, said Equation Research’s 2009 Marketing Industry Trends Report.

Now more than ever, it is essential to have a handle on social media. Not every platform needs to be explored, however. It’s about efficiently using your time while creating the most impact. Currently, many brands struggle with engaging users once the space is established. While the Equation report listed some great stats about social media, it also said that 37 percent of brands don’t know enough about social media to know where to begin.

Social media connects businesses to customers and clients in a unique way, engages them in meaningful conversation, and opens doors to options that couldn’t have been explored just a few years ago. One of the biggest doors social media has opened is the ability for businesses to promote social causes and missions, and the emerging trend of social entrepreneurship. Uniting users through a cause built around your brand is incredibly valuable–as it engages them on a high, meaningful level. Through this, the communication can make an impact and also send a message to customers that the company is interested in more than just making a profit.

Here are just a few examples of how social media is leading the way for social good:

Target: For years, the company allocated a certain percent of their profits to charities chosen by the company. This past year, Target announced that they were handing the power of giving to the people. For two weeks, Target opened a poll on its Facebook fan page allowing users to vote for the charity of their choice. At the end of the voting period, the company split up

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Career Planning: Different Strategies and Tactics at Work

The training is a perfect opportunity, your career or at least some steps that should be taken to flounder under the plan during the search for a suitable job. Strategy is to all professional activity during separate steps tactics and measures for effective performance in each of the stages on the path to success. Strategic measures include education and employment in general. Tactics focus on a separate case independent. In general influence on the consequences of some actions and all other steps tactic decisions and plans. The most appropriate measures, proposed by literary sources: William John Reilly (1953) Career Planning for High School Students Although the book is old enough to rely on his statements, experienced writers have to consider a right. Do not hesitate to go to a library and learn from the literature on the measures to be taken.

Deborah L. Ruf (2005) Losing Our Minds: Gifted Children Left Behind Some students are more talented than the others. The book aims focus on creating students with useful information on possible steps for academic success and long-range career planning.

Sandra L. Berger (2006) College planning for gifted students: selection and introduction into the right college decision is with regard to a successful career planning, and stressed the choice of university and the main topics. The list of authors that at present helpful information on career planning can be continued indefinitely, although you can guarantee your most important ideas based on the likes of you best. How important are the overall strategic and tactical concepts, it is necessary to plan every step.

When people are aware that certain events can happen in their lives, they can plan some preventive measures. Students who meet the career development more effectively with regard to the choice of the college know, the selection of the most important, apply for a job, job promotions, and other planning issues related to career. The training is a perfect opportunity, your career or at least some steps that should be taken to plan does not fail during the search for a suitable job. Strategy is to all professional activity during separate steps tactics and measures for effective performance in each of the stages on the path to success. Strategic measures include education and employment in general. Tactics focus on a separate case independent. In general influence on the consequences of some actions and all other steps tactic decisions and plans. The most appropriate measures, proposed by literary sources: William John Reilly (1953) Career Planning for High School Students Although the book is old enough to rely on his statements, experienced writers have to consider a right. Do not hesitate to leave a library and learn from the literature on the measures to be taken.

Deborah L. Ruf (2005) Losing Our Minds: Gifted Children Left Behind Some students are more talented than the others. The book aims focus on creating students with useful information on possible steps for academic success and long-range career planning.

Sandra L. Berger (2006) College planning for gifted students: selection and introduction into the right college decision is with regard to a successful career planning, and stressed the choice of university and the main topics. The list of authors that at present helpful information on career planning can be continued indefinitely, although you can guarantee your most important ideas based on the likes of you best. How important are the overall strategic and tactical concepts, it is necessary to plan every step.

When people are aware that certain events can happen in their lives, they can plan some preventive measures. Students who meet the career development more effectively with regard to the choice of the college know, the selection of the most important, apply for a job, job promotions, and other planning issues related to career.

Sales: Using the Law of Expectation

Studies in persuasion technology show that what you expect tends to be realized. I call this “the Law of Expectation“, which is also one of the tenants of sales.  As a sales professional, your expectations influence reality. I recently came across a movie called, “What the Bleep Do We Know?” It explains how our thoughts and intentions shape our reality. If you haven’t seen the movie, I urge you to do so.

The movie explains that human behavior is directly related to how others expect us to perform. As an example, there was once a study in which first grade students were told that blue-eyed kids are smarter than brown-eyed kids. The blue-eyed children subsequently scored better on tests than their brown-eyed peers.

After several months they decided to bring the children together and tell them that what they’d told them before was wrong. This time, they said that all children are born with blue eyes and the more we learn the more our eyes turn brown, so brown-eyed children are smarter. Just as predicted, the blue-eyed children started to have trouble with their studies and the brown-eyed children improved.

So what might happen if you truly believe you’re a great salesperson? What if you were to see, hear and experience every prospect as a great candidate? How do you do this? One way is to make a great first impression; it’s the moment where the Law of  Expectation has the greatest impact on your performance. You communicate your expectations by your word choices, voice inflection and body language. When you expect your prospects to buy, all your actions will lead them in the right direction.

Before each sales meeting, try asking yourself, “How do I expect this sales process to go?” If your other-than-conscious mind feeds back a negative response, mentally rehearse the end result you want in full color with sound and feeling. You may want to imagine the prospect signing an order form or handing you a check. Now picture yourself smiling and shaking hands with your new customers. Know that you’ve just done a great service. When you spend time rehearsing success, you’ll be comfortable with it when it happens.

Five Steps to Create a Budget for your Small Business

Every time an accountant told me to put together a budget for my company, my response was – “When I get the time I will!” I just never seem to get the time.

For several years when I first started my company I never paid attention to a budget. I knew if I made money by looking at my financial statements and that was good enough for me. Also, every time I tried to put something together I never compared my actual financial to the budget numbers I created.

Two years ago, I decided to take a different approach. I developed a forecast for a quarter of what I expected income and expenses to be. I came up with the figures based on the previous year’s actual numbers. It was easy to look at last year and just add a percentage increase to the numbers. Then I took the time to review once a month the forecast with where we were at that point.

By using this system of creating a forecast and comparing that to actual financial on a monthly basis I was able to focus on income areas that were falling behind and stop expenses that I didn’t need to make.

I am an avid fan of informational products. I buy thousands of dollars every month. With the forecast in place I caught myself spending more then I allocated and was able to just cut back the next month. The great thing about this system is that you are not locked into a specific figure each month but yet you stay within guidelines of where you want to be before the year or quarter finishes.

The best way to set this up is to use a financial program such as Quickbooks or Peachtree. Track all income and expenses using the software. The next step is to print financial statements that track what you have done. Then take the numbers of your financial statements and increase your income by the percentage you want to raise revenue by. Then look at expenses and determine what categories will increase based on the sales increase. This will become your financial projections.

The last step is to review your actual financial statement (income statement or profit and loss) to your projections. Have systems in place to increase revenue and decrease expenses as necessary.

Conducting an Effective Customer Satisfaction Program

Most customer interaction studies have a couple of core issues that we’d like to measure. Among the top are satisfaction, importance, and loyalty.  Satisfaction is how satisfied are your customers with respects to the various services and attributes of your engagement with over-all product/service satisfaction,  pre-sales support, ongoing support and customer service, and cancellation reasons and drop-outs.

Importance covers what is really important to your customers and what are not. For example: if most of your customers think on-site support is not very important, having a high satisfaction score on that will not significantly affect the bottom-line.

Loyalty is what do your customers think about you really and how they perceive your services. With the high cost involved in the acquisition of new customers (about 10x) this usually plays a critical role in the development of your business and services that you provide. For most businesses, customer retention directly affects the profitability.

Businesses today realize that one of the keys to success in the competitive marketplace is effective customer management. Companies see customer relationship as a strategic advantage and have invested a lot of effort in making sure that Customer Relationship Management (CRM) is high on the priority list. However, few companies have invested effort in terms of having a continuous measurement strategy that can signal potential dips in real-time.

Top Internet Marketing Blunders and How to Avoid Them

Internet marketing can be a tricky business if you do not know what you are doing. That is one reason that so many marketing beginners constantly execute some of the top internet marketing mistakes known to the cyber world. Building a clean, workable web site can be very simple if you educate yourself on the basics of site design and content. And if you fail to learn the most important aspects of web site creation? You will most likely commit some of the deadliest internet marketing blunders the World Wide Web has ever seen.

A significant internet marketing mistake frequently made, is letting your webmaster compose your site copy. Webmasters are generally not trained to write text, and most probably cringe at the thoughts of having to write the copy that will be viewed by thousands. When developing your internet marketing plan, you must allow money to hire a professional copywriter that is paid to create articles and text. For your site to make money, you need words that will entice your visitors, and encourage them to buy your products. Experienced copywriters are very knowledgeable in marketing and promotion, and can guarantee to attract large amounts traffic with their exceptional copy and unique ideas.

Another major internet marketing blunder is poor web site design and navigation. A site’s design should be clean and simple, with a search box on the top, and clickable categories running down the side. Small thumbnail pictures should accompany each product, with larger, crisp photos just a click away. A great internet marketing technique is to have a separate section of the web site specifically for sale and discount products, and another page for seasonal items.

Forgetting to include contact information on your web site is another huge internet marketing mistake. Who would want to buy from a company that cannot be reached? Your web site should always include a telephone number, e-mail address, and shipping address. It is advisable to include a separate page solely for contact information, and have a link to your e-mail address on the home page.

Strategic Planning in the Business World

Strategic planning is a method of planning events in a strategic manner in order to accomplish the goal at hand. This type of planning works by looking at the whole picture and you then figure out how you are to get from one place to another. Probably the most important example of strategic planning is that which is done in the military. In this example, we could say that the strategy is to overtake an area while the tactical planning is how you will fight each battle. The strategy is the plan to get through the whole picture.

Now, take this to the leaf of business strategic planning. Strategic planning can work in a number of ways in a business environment. For example, you may want to make a plan to get the business from one level to the next. Depending on what that is, you can make a plan that the business will follow to achieve the end results.

Here are some ways in which this type of planning can be put into place:

Financial aspects such as profit, loss, increasing sales or lowering costs.

In human resources, you can devise a strategic plan to recruit new hires, to promote individuals, to staff a location quickly.

Also, you can use strategic planning in your business marketing plans. How you will market, where you will markets, and how much you will spend in those areas are all determined through the strategic planning.

Like any other things in business, though, you also have to have back ups when it comes to your strategic plan not working. This will help you to find the right choices each time. Because you will have something in place to handle things when they go bad, you will feel more confident about your plans. Strategic planning is something that any company or business can use quite effectively.

Questioning Tips To Help You Sell More

The most important part of the sales process is questioning. Presenting without questioning, and questioning adequately, is like buying a gift for someone you know absolutely nothing about–your choice will likely be way off target, and result in disappointment for you and them.

Here are a collection of tips and ideas to use in your questioning.

Have a strong belief system regarding questioning. I’ve seen timid reps carrying a preconceived notion that people are offended by qualifying questions. Nonsense. This is business! They’re actually more offended when salespeople don’t get to the point. Project a self-assured image

and tone…one that says questioning is a necessary part of your process (it is!) in order to determine how you can help them. Let your demeanor indicate you expect an answer.

If you must ask for what really is touchy or private information, don’t apologize. “I hope you’re not thinking I’m getting too personal here. I know this is normally confidential.” Instead, preface your remarks with your justification for asking, which puts the answerer more at ease: “The reason for the next question is that it will help me identify the best recommendation for your company’s size range.”

Use “Assumptive Problem” open-ended questions. Instead of saying, “Do you have any problems with defects now?” say, “How are you handling defects in the manufacturing process?” If you know your industry well enough, you’re aware of problems everyone has. You’re asking them to Quantify and explain the implications of the problems.

Use “Parrot” questions. Use parrot questions. That’s the technique; repeating back what the person just said. For example, when they say, “We haven’t had much luck finding the right system to track our process,” you could parrot back, “You haven’t had much luck?” Their comment is just the tip of the iceberg. By repeating a part of their comment, you encourage them to continue.

Use “Instructional Statements.” Don’t ask for information. Tell them to give it to you. Use phrases like, “Tell me a little about…” “Share with me…” “Fill me in on…” “Give me some idea of…” “Detail the ways that…” “Let’s go over the reasons for…”

Remember that some of your “benefits” are actually liabilities to others. Your benefits are not universal. Some people could actually say, “We don’t need that, and we don’t want to pay extra for it!” Therefore, for each benefit you have, make sure you ask a question to determine if it’s really perceived as one by your prospect. For example, if the printer you sell races through at 12 pages per minute, you might ask “For what types of jobs do you use your printer?” And depending on their response, “How much of an issue is speed?”

Ask yourself questions before calls in order to develop the best prospect/customer questions. Ask, “What do I want them to do as a result of this call?” This gives you your primary call objective. Then ask, “What information do I need form them?” This provides whatever qualifying or data-gathering questions you must ask. Finally, ask, “What do I need them to think and believe in order to take the action I desire?” The answer to this question provides the pointers you’d like to get across…without actually making the points yourself. They are ideas you want them to discover through your questions. The reasoning is that people always believe more of what they say and think than of what you say. For example, let’s say you need them to believe that they are missing sales opportunities because their incoming business reply card leads are too long before their sales people unenthusiastically call on them, and, that their salespeople would be much better off calling on hot leads that had already been qualified. You could develop questions such as:

“How long do your leads normally sit before your reps get to them?”

“Have they ever had situations where the prospect already purchased before the rep got around to calling?”

“How often do your reps complain about the quality of the leads?”

“Do you think they might even avoid calling them sometimes because they perceive them as bad?”

“If so, do you think they might miss a few of the good ones that undoubtedly are still in there?”

After these questions, the prospect would be much more favorably conditioned to hear a presentation on your lead qualification service.

Quality questions get quality answers. Despite what you may have been told in school, there are such things as dumb questions. For example, “So, everything going OK with your present vendor?” is likely to stimulate the same kind of response as the convenience-store-clerk question, “How much downtime do you experience?”

Tips to sell your product

The whole idea of the marketing and sales is to play with the psychology of the buyers. In any campaign, efforts should be made it make it so influential that the decision making of the customer is totally in the skewed in favor of the company.

There are some tips to manipulate the mind of the consumers, which can be utilized by not only small companies but also by larger organizations.

Mutual exchange is the first and powerful trick. The company can start with giving something for free to the customer. Customer will take it for the first time, but from next time s/he will feel obliged and will try to return the favor. Offering the product for free initially can do this. And if the customer is satisfied with the product, he will buy it for himself from next time. This is basic human psychology. The product being given should be totally free without any condition to be fulfilled.

The next tip is to project something as of high value, but the company should incur only small or no amount in producing it, like information. It can entice the customer by saying that the information provided to them is a big time secret and is not known to anyone at all. But some mess it up, by saying that they are providing very valuable information, but it turns out to be another advertisement.

Another example is giving out free sample to the targeted customers. Again the mistake made here is that companies distribute samples of poor quality or rejected products. Customers may think the company produces poor products and may not ever buy it.

Use words, which call for action, like Limited time offer, Offer ending soon, and Offer till stocks lasts are really motivating. The customer gets the impression that the offer will end really soon as the products are limited edition and he should go out and buy it at the very first chance. This works well specially with customers who have an interest in collecting antiques, collectibles and anything which are not easily available.

Luring the customer in making a commitment is another next good method to increase sales. The trick is to make the customer to take small steps toward the goal, without realizing about it. Like when the customer requests for some information, provide them with the relevant information for free and make them fill a form and take contact information from them. This is like committing to get offers and information about products in future. Do not advertise in this step. In the next step advertisements about products and services can be sent to the customer to the address provided by them. Conducting surveys is another example.

Lottery is another good method. When a person buys a lottery ticket, he fills his address on the ticket. This information can be used to contact the customer in future. In the above practices it’s very important to not to advertise in the first step. Only after getting the customer’s contact information, should promotional mails be mailed to him. Long advertisements that are featured in the newspaper are a small twist to this trick. If the customer invests time to read the whole advertisement, he has committed and will surely respond to the ad.