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BUSINESS BASICS CHANNELS ![]()
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Web and E-mail
Tactics that Face it, there are some times when being big, or at least LOOKING big, can be an advantage when you’re in business. Some of your customers and some of your suppliers think that BIG means more reliability, a better price and higher quality. WE know that’s not necessarily true, but if making your company look bigger brings more customer orders, you may want to consider doing the things that will provide that look. One of the easiest moves you can make, though the cost can vary greatly, is to incorporate. Mary Jo’s Creations, Inc., has a more “big business” feel than Mary Jo’s Custom Dolls. Please consider the tax implications before you incorporate, though, and make sure that it is right for your business. Another good opening move is to get a good graphic artist to design your company’s logo. Logo costs can range from inexpensive to “if you have to ask, you can’t afford it!” so shop carefully. Please bear in mind that graphic artists can be better at some subjects than at others. Even if your sister-in-law who does the cute logos for the local specialty toy businesses can give you a great break on price, she may not be the best bet for your computer software company. Take a look at the designer’s portfolio to see if any of the work shows a style that looks right for company logo. A lot of sites mistake complicated for professional, even the very big retailers who are moving into e-commerce. If it takes a long time to load or has Shockwave or Flash, you need to make sure that it’s really related to what your business is offering. Sure, it looks cool but those three factors can send your customers searching for other places to do business since many of them do not have enough bandwidth or memory to have things run as well as they do on your brand new machine. Good web design that lets your customers find what they’re looking for quickly - ideally within three clicks - can make your business look professional. That’s a set of clues that they’ll equate with “big business.” Other options that make your small business look big include:
Big businesses are using data mining techniques. That is MBA-speak for looking at customer information, purchase patterns and navigation of a website to tailor later offers to customers and get a higher response rate than they can from untargeted direct mail. You may not be able to use the most sophisticated and expensive techniques, but you can use common sense ones to make offers that your customers are more likely to buy. If you sell seeds, for example, you could look at which seeds your customers have purchased in their previous orders. Did they buy a lot of annual seeds last year? Were they mostly vegetables or flowers? You can put together a special offer that will make them more likely to buy this year based on what you know about them. A customer who has once purchased from you is more likely to buy from you again. Repeat business is more profitable because your marketing costs are lower to retain customers than they are to get new ones. Some studies have indicated that, on the average, it costs 8 times as much to get a new customer as it does to keep an existing customer satisfied and ordering regularly. Are you ready to make your business look, and behave, like a terrific bigger business? Do it and keep it growing, and you may achieve that bigger status by being a class act. -Cindy Nemeth-Johannes |
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