A $68 Gift for You
Check out my Black Friday message on YouTube!
If you would like to learn more about how this might apply to your business, let’s talk:
If you would like to learn more about how this might apply to your business, let’s talk:
If you would like to learn more about how this might apply to your business, let’s talk:
“The more specific you make your goal-setting and
the more clearly defined your time frame, the better it will be“
— Bob Bowman, swim coach to Olympic medalist Michael Phelps
If you would like to learn more about how this might apply to your business, let’s talk:
We recommend a great lead generating strategy called Host Beneficiary. To apply this unique lead generation approach, look for a business that targets the same customers you do and offers products or services compatible with your business and then join forces on your marketing efforts.
Find the Right Partner
One of the keys to creating a synergistic partnership is to zero in on a business that is different from yours and also is adjacent to yours. For example, a hair salon and a clothing boutique are a great fit. A hardware store and a catering business, on the other hand, might have overlapping audience demographics, but the lack of connection between tools and appetizers diminishes the synergy of the partnership.
Explore Various Ways to Collaborate
Once you’ve found your ideal partner, explore how you can collaborate. A good place to start is with customer communications. Both of you can link to the other’s business on your websites, in email campaigns and on social media. Support this identification between your businesses with an introductory discount offer: your customers receive an exclusive discount when they buy from your partner and the same applies to your partner’s customers when they buy from you.
This strategy can open up an entire new customer base for your business. Plan to test it for several months and devise ways to monitor the impact so you know how well it is working.
If you would like to learn more about how this might apply to your business, let’s talk:
Word of mouth (WOM) works when your customers do your marketing for you, but the idea that it is a passive strategy — beyond your control — is a misconception.
If you would like to learn more about how this might apply to your business, let’s talk:
This message may not be the one you want to hear, but it could be the one you need to hear. If you weren’t keeping your marketing fresh, experimenting with new ideas, and improving customer service before the pandemic hit, don’t blame Covid-19 because your business has slowed down or is barely breaking even. Small business owners who have re-invented their business plans are thriving in this new economic situation.
Identifying the problems and building a solid business plan while you’re managing your day-to-day might seem overwhelming if things aren’t going the way you planned. And, of course, it’s not a one and done process. Once you develop your new roadmap, you still have to commit to daily, weekly and monthly monitoring, analysis and fine-tuning to stay on track.
This is where I can help small business owners like yourself re-position your business for success and growth. As an experienced business coach, I bring an objective perspective, a broad knowledge of what’s working for other small business owners and access to an abundance of tools and resources, so you’re not alone.
Eight more ways hiring a business coach can help you:
If you would like to learn more about how this might apply to your business, let’s talk:
Tailoring your sales pitch to differing buying styles makes good business sense. You’re not selling to the same person each time, so why sell the same way to each person?
An understanding of different personality traits is even more important in times of stress: pressure makes these traits more dominant than in normal times. Today I’d like to discuss how you can easily identify personality types.
DISC Profiling System
There are four basic types of people: reserved or outgoing, and task focused or people focused. Not only should you identify your customer’s personality type, you need a clear sense of your own type, so you can adapt your style to your customer.
When you encounter people, the speed at which they speak will reveal if they are reserved or outgoing. And, if they talk about what needs to get done, they are focused on tasks. If they are more concerned with impact and social/emotional issues, they’re more people oriented.
D = dominance
Confidence is a key trait of this personality type. In times of stress, this personality wants bullet points and fewer details. When you sell to dominant types, get straight to the point. They will dive right in.
I = influencer
If your customer is outgoing and people focused, they connect easily with others. They are natural leaders and very collaborative.
S = steady
Individuals with this personality type are thoughtful, loyal and slow to change. They don’t want to feel rushed into a decision.
C = compliance
Individuals who are reserved and task focused are very detail oriented and aim for perfection. They want a lot of information and ask a ton of questions before they make a change.
People want to be understood and want to connect with you. If you can understand their personality, you can meet them where they live and avoid personality clashes.
If you would like to learn more about how this might apply to your business, let’s talk:
It’s time to consider your business plan for 2021. I want to share some insights about strategy with you from Brad Sugars’ book, Pulling Profits Out of a Hat that will help you aim high. The title makes business success sound like a magic trick, but in fact the author presents actionable plans to achieve massive growth.
Sugars talks about these four pillars of strategy:
Leverage
This pillar suggest finding a way of doing the work once and getting paid forever. It applies to both products and services, with the idea being you put your effort into developing and packaging an offering, and then you get paid repeatedly for the work. A good example is Apple: they created the iPod device, and then sold Apple Music subscriptions to give users access to their music library. There are no limits to the number of Apple Music subscriptions they sell to their platform.
Scaleability
Where the next sale costs less and less each time, and it’s easier. What can you deliver over and over again with the same resources. Here, Airbnb and Uber serve as good examples of business that become more successful the bigger they get. As more people signed up to host guests in their homes, Airbnb could offer more choices and appeal to more varied audiences. Scale is critical to Uber’s success, because the more drivers Uber signs up, the less time a customer has to wait for a car, which makes Uber a more appealing transportation offer than a taxi in many locations.
Opportunity
If you currently have a narrow market, analyze how you can enter and compete in other markets. What might you do differently with your products or services to gain a wider market? During the pandemic, for example, a number of distilleries and breweries pivoted to the hand sanitizer business to grab a share of an entirely different market.
Marketability
This pillar is about selling things that sell themselves. Basic commodities that consumers need and will buy again and again no matter what.
Ask yourself how you might apply one or more of these strategies to change the momentum of your business in 2021.
If you would like to learn more about how this might apply to your business, let’s talk:
“Now more than ever, your greatest weapon is your mindset.”
— Sara Blakely, Spanx founder
As the months of the new normal pass by, we’ve all had to deal with uncertainty on so many levels, work harder to stay connected, and rewrite our business playbook. It can be challenging at times to maintain a positive attitude, but taking control of your mindset is critical in business.
It’s such an easy thing to say just do it, but adopting a positive attitude actually gives you a better outlook — even when things aren’t going well. A study conducted by the University of Wisconsin-Madison found that just thinking about stress as a positive influence reduced its negative impact on people, and those who can take stress in stride are healthier.
One reason it’s important for you to maintain a positive outlook is that employees take signals from you: if you put a positive spin on things, they will, too. And, they will carry over that upbeat attitude to their interactions with customers.
And, speaking of customers, be sure they see signs of your optimism. If your customers are returning to your place a business after a period of lockdown, you can provide visual cues to let them know you’re happy to have them back and give them a sense of well-being and security on your site. If your business is conducted online, reinvigorate your messaging and visuals to convey your positive outlook.
If you would like to learn more about how this might apply to your business, let’s talk:
Last week I suggested adopting “ongoing product/service development” as one of six steps to gain control of repeat business. One key reason is that, by nature, people are drawn to the “shiny, new thing.” If you’re not introducing new offerings, your customers might be attracted to a competitor who is pitching something different.
By something new, what I really mean is something different. You don’t have to come up with a new invention. Aim for surprising and delighting your customers.
There are various proven paths to innovation, but one of the best ways is to empower your team to contribute their ideas for promotions, improvements, changes and new product offerings. After all, your people are experts on what’s working and what isn’t.
To tap the potential of your team, embrace a culture of innovation that ensures they are comfortable expressing their ideas and experimenting with different ways of doing things. Here five practices to create an environment that sparks new ideas.
If you would like to learn more about how this might apply to your business, let’s talk: