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Archive for the 'New Business Ideas' Category

Want to work from home

Friday, April 18th, 2008

These are the things one will need to consider before starting on the journey of a Home Business in order to SUCCEED….

Entrepreneurship

Sure you’ve got industry knowledge, but do you have what it takes to be the boss? According to Tamara Monosoff, author of the best-selling book “Secrets of Millionaire Moms” and the CEO of the Alamo, California-based product marketing firm, Mom Inventors Inc., it takes more than good ideas to make a business work. “A successful business is really about knowing what steps you need, and taking action,” she says. “It’s about making a plan, setting concrete goals, and shaping the business the way you imagine it to be.”

Entrepreneurship courses offered through your local chamber of commerce, small business association chapter, or online through schools like DeVry University can help new home-based business owners get off the ground.

Tax Planning

When you own your own business, it’s all about thinking financially. “As a new business owner, one of the first things you need to know is how to structure your company to have maximum tax benefits,” states William Ellyson, a Richmond, Virginia-based attorney who specializes in small-business issues.

Entrepreneurs can find basic tax planning courses through local community colleges and small business association chapters. Those looking for more in-depth knowledge can check out year-long financial planning certificate programs offered online.

Public Relations and Marketing

“The main thing my major has taught me is how to network,” states Brown, a public relations major at Virginia Commonwealth University whose networking skills grew his ticket-brokering firm from a sideline hobby into a nationwide company with more than $150,000 in sales each year. “I’ve also learned how to effectively talk to clients and efficiently deal with problems.”

No matter the industry, all home-based entrepreneurs must be able to promote their services, reach the target demographic, communicate effectively with clients, and create a professional image for the public. While four-year institutions like Virginia Commonwealth offer bachelor’s degree programs in public relations, home-based business owners can also find PR courses through their local community college or chamber of commerce.

E-Commerce

“Five years ago, the attitude was ‘Yeah, I know I need to have a website, but I’ll get around to it,’” says Gene Fairbrother, lead small business consultant for the National Association for the Self-Employed. “Today you’ve got to have a Web presence to be in business.” According to the market research firm, Forrester Research, Inc., e-commerce retail sales topped $175 billion last year, with the industry projected to grow another $160 billion by 2012.

Brown fine-tuned his e-commerce strategy, moving his products from eBay to larger ticket broker sites such as Stubhub.com and Ticketsnow.com, increasing sales by an estimated 200 percent. To learn how to set up, manage, and promote your business online, check out e-commerce courses offered online through the University of Maryland University College and the University of Phoenix.

Project Management

Being the CEO, chief sales officer, HR director, bookkeeper, and janitor requires expert multitasking. “It’s very difficult to manage it all,” admits Monosoff, who leads a multi-million-dollar home-based business while raising two children and writing a monthly column for Entrepreneur Magazine. “You have to have discipline, organization, and be able to prioritize.”

I have seriously been considering starting my own online business as my husband has successfully done for years. Now I am starting to put together the tools to do just that…. Will keep you all posted

} The Mrs {

Orphan Drug Monopoly

Monday, December 31st, 2007

Like most newly-approved drugs, Xyrem (GHB — which I think Britney Spears must be paying like $1,200.00 a month if legal fro Jazz Pharmaceuticals ) GHB is also on ‘da streets as white powder (not that I know though personally BTW) is produced by only one manufacturer, which is also the only approved retailer. Great Business positioning… Thus, the price is not likely to drop due to competitive pressure. theres a monopoly concept !

ergo the idea I want to start my own drug company and design my own “medicinal protective” stimulant … someones making out here and it isnt the consumers !!!

… junkies with monies …

Now this IS a business blog post but I swear …

$50.00 that lolli-pop is LACED with GHB

Work from home idea

Wednesday, December 26th, 2007
Anyone looking for work at home opportunity can easily make handsome earning through pay per click program. For this all they need is basic IT knowledge in the form of Microsoft certification and the latest seo tips. Nowadays some quality web hosting companies are offering free tips to their clients. While making the selection of web site hosting, webmasters should focus on this feature as well. Another basic requirement for success in this field is high speed internet connection. In this regard IP phones are considered the best.

Access Optical Networks

Wednesday, December 12th, 2007

http://www.accessopt.com may be the future of data storage in the next 4-8 years…

no more sectoring but access to 1.5 TBs of data in a 2×2x2cm glass holographic cube !

I hope to collaborate with this Team in an effort to get the technology adopted if TCO yields a vaiable commercial product offering…

Tokyo-based Optware Corporation, a leading developer of Holographic Versatile Disc (HVD) storage products, has developed a system - referred to as collinear holography

In early 2005 ECMA created a technical committee to develop a standardisation strategy for Holographic Information Storage (HIS) systems, that was initially based upon Optware’s “Collinear Technologies”.

check out this library of images 1 2 3 4 5 6 7

Mr. Gladney,

Hello, my name is JAaronAnderson.com

I am a Consulting IT/Multimedia Solution Innovator (located in Philadelphia PA but have ongoing clients in Nashville & Los Angeles.)

I am excited about your efforts of pushing the envelope in today’s data carrier and data storage technologies. As yourself, I too am a visionary and believe there is a lot of potential in this space still untapped. Only experienced visionaries such as you and I can identify and foresee such boundless potential for success that Access Optical Networks is on the threshold of!

This is why I write. I wish to offer my own personal and collaborative cadre’s services to AON’s disposal for custom C#/VB.Net/PHP web&application development as well as superior e-marketing and advertising graphic design to bolster http://www.accessopt.com awareness and further cultivate interest and influence of adoption of AON, it‘s products and future public offering(s). I would like to secure a strategic alliance with you and your constituents.

As a pioneer myself, I seek out choice projects to work on and would love to entertain working with your high caliber Team to seize this great opportunity to embrace such an exciting paradigm shift in the hardware vertical of data storage! Since 1997 I have continually been inspired by the concepts found in John Kao’s “Jamming” approach to Business management and strategic partnership(s). Your energy seemed to reflect this leadership quality in my mind in a recent interview I saw you in. I believe we would really make a successful partnership. If given the opportunity I am confident I would not disappoint. Please contact me at your next availability to discuss further how my Lab Team and I could support AON and it’s initiatives.

Warmest regards,
http://JAaronAnderson.com

Compliancy Modules

Thursday, December 6th, 2007

I think there is alot of potential for a Group of C# modules that would possible be created as polymorphic Console Applications which could handle individual compliancy business rules and you could licence each one per discipline per vertical.

some ideas would be in these spaces:

  • Accounting compliancy
  • Forcasting Risk Assessment
  • Sarbanes Oxley
  • Pricepoint formulas

what do you think ?

S-commerce

Thursday, November 29th, 2007

Social Commerce is the new virtual buzz ! I have posted on like.com almost exactly a year ago and have since using it — I havent looked back !

Now some new powerhouses have begun to creep up. Wists, Kaboodle, StyleHive, ThisNext, Crowdstorm, Zebo & Wise.com also has a powerful product-vs-internet buzz ranking site.

It is a fact that more and more retail is going online, we all can easily earn ourselves a slice of the pie; “s-commerce” as I have coined here has truly become a critical cornerstone and is the continuing growth of the online shopping industry !

I have just built an ecommerce Paypal gateway engine (you can experience it — and buy things from it too — for ByGoneVideo ! ) I can churn the WAMP-based code for lots of different genres of merchandise and I will next engineer additional social community gadgets to integrate into the system… anyone have any best-of-breed ideas — please post !

This evolution of a commerce script is a good new business idea !

Gossip Ban Awareness

Tuesday, November 13th, 2007

I am inspired today by CEO Chapman of Empower PR in Chicago.

I wanted to briefly state how much I admire this man’s business and his employees’ too for that matter on their stance on  a no “gossip ban”. I believe this is an exciting progressive step that everyone should professionally implement. In my limited experience gossip is an awful deteriorating issue which I have found many HR departments are much of the catalyst of the problem…

Adoption to such a standard for most businesses unfortunately may not be as effectively implemented as anyone would hope rather I am sure that CEOs will follow the trend and draft something for it which may be efficient but not necessarily effective. As many know in PR, marketing a speaking series is a powerful tool and can become a profitable business in and of itself.

I think it would be a cool PR move if a Professional with some time to waste on it could next structure gossip ban learnings into materials to be digestible for training and package it just right or publish a book and feature it on a circuit tour…

Just so everyone knows, if someone DOES take me up on this idea, I would be interested along with my cadre/consortium of professionals to fully support producing presentation needs on such a endeavor… Let me know if I can ever be of service…

Warmest regards,
JAaronAnderson.com

Real Estate turnover

Saturday, December 2nd, 2006

Financial Investment Intelligence of a
5 year turnover plan to make half a million…

First, find a promising non-qualifying loan home, (with about 15,000)
purchase it from the seller and resident which faltered and put the house up for rent to new tenant.

After all expenses are paid monthly, including the mortgage, put profit price point (i.e.$125) in an accruing interest account each month.

about 2 years go by… and more of the mortgage will be paid off and then more of the monthly income can be invested … ( possibly be clearing as much as $800 a month )
You could also opt to sell the house if it had appreciated in value.

Sell the house on a 1031 tax-deferred exchange

then you’ll have that money to operate with to invest into another facility or corporation .

3 years later sell this business ( which you never operate yourself )

roll some of the proceeds into another project again to yield a larger monthly income. but you may have as much as $330,000 to work with .

see what the 15,000 could generate!

That’s what I’d do if I had $15,000 laying around.

Accounting Software

Monday, November 13th, 2006

I think it would be a good business idea if someone developed a free accounting software to the caliber of basecamp.com

Theater Marketing Ideas

Sunday, September 24th, 2006

Here are many business promotional ideas I wanted to outline that in combination could lead to an explosion of community involvement and cinema awareness throughout a theater’s local county region. I had originally sculpted this effort for a past employer/account but since they did not go with any of it, it is mine to publish and share since it is really only ideas to provoke implementation anyways… It’s too bad they didn’t capitolize on my energy, they do not get Marketing and it’s no wonder why they are stagnant in thier marketplace.

A ‘Now Showing’ Ticker Sign

Half Off Day -
or Half Off all showings of one film for two weeks span . . .

Date Movie -
Bring your spouse/friend(x1) in for FREE with buying a Large Pop-corn
- it will make them want to buy a drink too !

Patriotic Movie Day -
like Perl Harbor day ( playing the Ben Affleck Movie etc) , have something like half off for Veterans of famililes

Joint Marketing and Promotional Opportunities

On Stage Acts & Appearances

Gift Certificate Ideas / Micro Campaigns

revitalize of all forms of the art of theatre

fosters relationships with organizations such as the Concierge Association, the Philadelphia Convention & Visitors Bureau, Philadelphia Hospitality Inc., the Greater Philadelphia Tourism Marketing Corporation, and the Independence Visitors Center

Advertise in the classified advertising section of your community or local newspaper.

Advertise in the Yellow Pages or Thomson Local

Advertise on a supermarket trolley

Approach your prospective customers over the phone.

Approach your prospective customers in person.

Approach your prospective customers through the mail.

Be a guest speaker at seminars and present on your area of expertise.

Be a guest speaker on radio talk shows.

Build and maintain a customer mailing and contact list on database software.

Build your image with well-designed letterhead and business cards.

Design a brochure that best explains the benefits of your services.

Design a mail order campaign.

Design a point of sale display for your product.

Design a telemarketing campaign.

Design an image building logo for your company.

Design and distribute a quarterly newsletter or an industry update announcement.

Design and distribute company calendars, mugs, pens, note pads, or other advertising specialities displaying your company name and logo.

Design and distribute a free “how to do it” handout related to your industry (e.g. Tips for conserving energy in your home).

Design buttons, transfers and car stickers or balloons with your company name, logo or slogan.

Design T-shirts displaying your company name and logo.

Explore cross promotion with a non-competing company selling to your target market.

Explore the costs of advertising in newspapers, magazines, on radio, television, billboards, bus shelters and benches. Refer to the publication British Rates and Data (BRAD) for some of this information.

Explore ways to share your advertising costs using cooperative advertising.

Follow up customer purchases with a thank you letter.

Follow up customer purchases with Christmas or birthday cards.

Have your company profiled in a magazine or newspaper that is read by prospective customers.

Hire an advertising agency or public relations firm.

Hold a promotional contest.

Hold a seminar on your service, product or industry.

Include promotional material with your invoices.

Look for prospective customers at trade shows related to your industry.

Look for prospective customers in associations related to your industry.

Look for prospective customers at seminars related to your industry.

Look for prospective customers in magazines and newspapers related to your industry.

Package your brochure, price lists and letter in a folder for your customers.

Place a pavement sign outside your store or office.

Place flyers on bulletin boards and car windscreens.

Place promotional notes on your envelopes, mailing labels.

Place signs or paint logos on your company vehicle(s).

Prepare a corporate video.

Prepare a list of product features and benefits to help you plan your advertising and promotional campaigns.

Prepare proposals offering solutions to your customer’s needs

Provide free samples of your product or service.

Provide public tours of your company site or factory.

Sponsor a charity event.

Sponsor an amateur sports team.

Sponsor a cultural event through a community arts organisation.

Design a Web Site

Develop a link, or links, from your web site to others and vice versa

Develop a database of potential customers and telephone them to arrange a demonstration

More Marketing Ideas

Marketing is all about satisfying customer needs. The following represents a comprehensive list of marketing ideas; use it to help better understand customer needs and ways to satisfy those needs.

General Ideas

Never let a day pass without engaging in at least one marketing activity.
Determine a percentage of gross income to spend annually on marketing.
Set specific marketing goals every year; review and adjust quarterly.
Maintain a tickler file of ideas for later use.
Carry business cards with you (all day, every day).
Create a personal nametag or pin with your company name and logo on it and wear it at high visibility meetings.

Target Market

Stay alert to trends that might impact your target market, product, or promotion strategy.
Read market research studies about your profession, industry, product, target market groups, etc.
Collect competitors’ ads and literature; study them for information about strategy, product features, benefits, etc.
Ask clients why they hired you and solicit suggestions for improvement.
Ask former clients why they left you.
Identify a new market.
Join a list-serve (e-mail list) related to your profession.
Subscribe to an Internet usenet newsgroup or a list-serve that serves your target market.

Product Development

Create a new service, technique, or product.
Offer a simpler/cheaper/smaller version of your (or existing) product or service.
Offer a fancier/more expensive/faster/bigger version of your (or existing) product or service.
Update your services.

Education, Resources, and Information

Establish a marketing and public relations advisory and referral team composed of your colleagues and/or neighboring business owners; share ideas and referrals and discuss community issues. Meet quarterly for breakfast.
Create a suggestion box for employees.
Attend a marketing seminar.
Read a marketing book.
Subscribe to a marketing newsletter or other publication.
Subscribe to a marketing list-serve on the Internet.
Subscribe to a marketing usenet newsgroup on the Internet.
Train your staff, clients, and colleagues to promote referrals.
Hold a monthly marketing meeting with employees or associates to discuss strategy and status and solicit marketing ideas.
Join an association or organization related to your profession.
Get a marketing intern to take you on as a client; it will give the intern experience and you some free marketing help.
Maintain a consultant card file for finding designers, writers, and other marketing professionals. Hire a marketing consultant to brainstorm with.
Take a creative journey to another progressive city or county to observe and learn from marketing techniques used there.

Pricing and Payment

Analyze your fee structure; look for areas requiring modifications or adjustments. Establish a credit card payment option for clients.
Give regular clients a discount.
Learn to barter; offer discounts to members of certain clubs/professional groups/organizations in exchange for promotions in their publications.
Give quick pay or cash discounts.
Offer financing or installment plans.

Marketing Communications

Publish a newsletter for customers and prospects (it doesn’t have to be fancy or expensive). Develop a brochure of services.
Include a postage-paid survey card with your brochures and other company literature. Include check-off boxes or other items that will involve the reader and provide valuable feedback to you.
Remember, business cards aren’t working for you if they’re in the box. Pass them out! Give prospects two business cards and brochures - one to keep and one to pass along.
Produce separate business cards/sales literature for each of your target market segments (e.g. government and commercial and/or business and consumer).
Create a poster or calendar to give away to customers and prospects.
Print a slogan and/or one-sentence description of your business on letterhead, fax cover sheets, and invoices. Develop a site on the World Wide Web.
Create a signature file to be used for all your e-mail messages. It should contain contact details, including your Web site address and key information about your company that will make the reader want to contact you.
Include testimonials from customers in your literature.
Test a new mailing list. If it produces results, add it to your current direct mail lists or consider replacing a list that’s not performing up to expectations.
Rather than sending direct mail in plain white envelopes, use colored or oversized envelopes to pique recipients’ curiosity.
Announce free or special offers in your direct response pieces. (Direct responses may be direct mail, broadcast faxes, or e-mail messages.) Include the offer in the beginning of the message as well as on the outside of the envelope for direct mail.

Media Relations

Update your media list often so that press releases are sent to the right media outlet and person.
Write a column for the local newspaper, local business journal, or trade publication.
Publish an article and circulate reprints.
Send timely and newsworthy press releases as often as needed.
Publicize your 500th client of the year (or other notable milestone).
Create an annual award and publicize it.
Get public relations and media training or read up on it.
Appear on a radio or TV talk show.
Create your own TV program on your industry or your specialty. Market the show to your local cable station or public broadcasting station as a regular program, or see if you can air your show on an open access cable channel.
Write a letter to the editor of your local newspaper or trade magazine.
Take an editor to lunch.
Get a publicity photo taken and enclose with press releases.
Consistently review newspapers and magazines for possible PR opportunities.
Submit tip articles to newsletters and newspapers.
Conduct industry research and develop a press release or article to announce an important discovery in your field.
Create a press kit and keep its contents current.

Customer Service and Customer Relations

Ask your clients to come back again.
Return phone calls promptly.
Set up a fax-on-demand or email system to easily respond to customer inquiries.
Use an answering machine or voice mail system to catch after-hours phone calls. Include basic information in your outgoing messages such a business hours, location, etc.
Record a memorable message or tip of the day on your outgoing answering machine or voice mail message.
Ask clients what you can do the help them.
Take clients out to a ball game, show, or another special event - just send them two tickets with a note. Hold a seminar at your office for clients and prospects.
Send handwritten thank you notes.
Send birthday cards and appropriate seasonal greetings.
Photocopy interesting articles and send them to clients and prospects with a hand-written FYI note and your business card.
Send a book of interest or other appropriate business gift to a client with a handwritten note.
Create an area on your Web site specifically for your customers.
Redecorate your office or location where you meet with your clients.

Networking and Word of Mouth

Join a Chamber of Commerce or other organization.
Join or organize a breakfast club with other professionals (not in your field) to discuss business and network referrals.
Mail a brochure to members of organizations to which you belong.
Serve on a city board or commission.
Host a holiday party.
Hold an open house.
Send letters to attendees after you attend a conference.
Join a community list-serve (e-mail list) on the Internet.

Advertising

Advertise during peak seasons for your business.
Get a memorable phone number, such as 1-800-WIDGETS.
Obtain a memorable URL and email address and include them on all marketing materials.
Provide Rolodex® cards or phone stickers preprinted with your business contact information.
Promote your business jointly with other professionals via cooperative direct mail.
Advertise in a specialty directory or in the Yellow Pages.
Write an ad in another language to reach the non-English-speaking market. Place the ad in a publication that market reads, such as a Hispanic newspaper.
Distribute advertising specialty products such as pens, mouse pads, or mugs.
Mail bumps - photos, samples, and other innovative items to your prospect list. (A bump is simply anything that makes the mailing envelope bulge and makes the recipient curious about what’s in the envelope!)
Create a direct mail list of hot prospects.
Consider non-traditional tactics such as bus backs, billboards, and popular Web sites.
Project a message on the sidewalk in front of your place of business using a light directed through words etched in a glass window.
Consider placing ads in your newspaper’s classified section.
Consider a vanity automobile tag with your company name.
Create a friendly bumper sticker for your car.
Code your ads and keep records of results.
Improve your building signage and directional signs inside and out.
Invest in a neon sign to make your office or storefront window visible at night.
Create a new or improved company logo or recolor the traditional logo.
Sponsor and promote a contest or sweepstakes.

Special Events and Outreach

Get a booth at a fair/trade show attended by your target market.
Sponsor or host a special event or open house at your business location in cooperation with a local non-profit organization, such as a women’s business center. Describe how the organization helped you.
Give a speech or volunteer for a career day at a high school.
Teach a class or seminar at a local college or adult education center.
Sponsor an Adopt-a-Road area in your community to keep roads litter-free. People that pass by the area will see your name on the sign announcing your sponsorship.
Volunteer your time to a charity or non-profit organization.
Donate your product or service to a charity auction.
Appear on a panel at a professional seminar.
Write a How To pamphlet or article for publishing.
Produce and distribute an educational CD-ROM or audio/video tape.
Publish a book.

Sales Ideas

Start every day with two cold calls.
Read newspapers, business journals, and trade publications for new business openings, personnel appointments, and promotion announcements made by companies. Send your business literature to appropriate individuals and firms.
Give your sales literature to your lawyer, accountant, printer, banker, temp agency, office supply salesperson, advertising agency, etc. (Expand your sales force for free!)
Put your fax number on order forms for easy submission.
Set up a fax-on-demand or e-mail system to easily distribute responses to company or product inquiries.
Follow up on your direct mailings, email messages, and broadcast faxes with a friendly telephone call.
Try using the broadcast fax or email delivery methods instead of direct mail. (Broadcast fax and email allows you to send the same message to many locations at once.)
Use broadcast faxes or email messages to notify your customers of product service updates.
Extend your hours of operation.
Reduce response/turnaround time. Make reordering easy - use reminders. Provide preaddressed envelopes.
Display product and service samples at your office.
Remind clients of the products and services you provide that they aren’t currently buying.
Call and/or send mail to former clients to try and reactivate them.
Take sales orders over the Internet.

Hand Out Free Gifts

If you want guaranteed attention, offer a free gift. These can include: a free gift for a particular amount or item of purchase, a free gift for responding to a direct-mail solicitation, or a free gift of a second item with the purchase of a first - a more tantalizing and successful version of the two-for-one sale.

Also consider handing out specialty gifts to prospects and customers: free pens, scratchpads, mugs, T-shirts, and other items printed with your company name, address, phone number, and business slogan. To explore the range of gifts available, consult some of the “Advertising Specialties” firms listed in the Yellow Pages. Ask the reps to suggest gifts that have been used successfully in your industry and pay special attention to new, just-introduced items whose advanced design or technology may appeal strongly to your customers. Select gifts based on their appropriateness to your customers and your business, quality of construction, and tastefulness of design.

Use Coupons as an Advertising Vehicle

Coupons offer a proven method of generating trial. Enclose them in invoices. Hand them out at the cash register. Distribute them through your sales force. Include them in a coupon pack prepared by a direct-mail advertising house.

If you decide to produce your own coupon, study samples around you to see how they’re written and designed to specify the product and trumpet the savings boldly and unequivocally. If you give your coupon an expiration date, which you should do to encourage prompt use, make sure it’s conspicuous.

Like all other forms of advertising, coupons work best with repetition. You’ll need to try four or five, issued on a regular basis, to know how well they’re working; measure their effectiveness simply by counting the number redeemed.

Build Awareness Through Sweepstakes or Contests

Sweepstakes and contests provide exciting ways to build awareness of your products, services, and company, as well as produce the goodwill that giveaways naturally inspire. Whether entrants will win a free lunch at your restaurant or a free week in Paris (perhaps co-sponsored by a local travel agent), you must check the legalities with your lawyer before you start.

Then plan out your promotion step by step, from how customers will enter and how entries will be handled to whether you’ll award prizes below the grand-prize category. For example, will everyone win something just for entering?

Finally, create an entry form and eye-catching collection box and advertise with flyers, mailers, banners, store signs, newspaper ads, or radio spots. If you’ll collect entries in your store, place the box at the back of the premises so everybody must pass through your merchandise to reach it.

Afterwards, generate publicity about the winners and display photocopies of all resulting news stories at your business.

Be Creative with Telephone-hold Marketing

In most businesses, callers will at some point be placed on hold; play a telephone-hold audiotape that, over background music, talks about your products, services, or even your company itself. Besides helping the time pass faster, tapes can answer callers’ questions and even inform them of products or services they need but didn’t know you provide.

To find a company to produce your telephone-hold tape, check the Yellow Pages under “Telecommunications-Telephone Equipment, Services & Systems.” Most firms provide everything you need - produced tape, hookups, and phone equipment - for a monthly fee.

Sell with Store Signs

Use interior signs to tell customers about the goods and services you offer, such as free delivery, free alterations, or free trials. If you stock a specialty line, like environmentally- safe products, point it out. If you’ve just received merchandise with a high-demand feature, let customers know.

Signs also provide an easy way to answer customers’ most commonly-asked questions. Post explanatory labels to help customers differentiate among various models. Write out shelf signs describing special features that make products outstanding values or unique in their field, or telling customers where to find accessories.

Use signs, in short, to tout your company’s competitive advantages and to make shopping easier, more informative, and more motivating for your customers.

Act Now to Extend Your Seasonal Sales

Is your business seasonal? If so, suggests business writer Carol June, utilize year-round marketing to improve your sales. Before the season, stimulate repeat sales by sending coupons to current customers for upcoming purchases or offering special deals on early orders. After the season, use follow-up mailings or phone calls to stay in touch with customers and encourage their loyalty. Maintain interest with an end-of-season or off-season sale of leftover merchandise.

In the longer term, consider a second-season business or product line that would be both a logical extension of your current operation and appeal to your customers. A holiday fruitcake company, for example, might branch out into year-round baked goods, or a ski shop into camping gear. If you’re a retail firm, expand not your season but your customer base by adding a catalog or direct-mail wholesale operation.

To sum up, marketing is a 365-days-a-year job; it demands persistent attention in satisfying customers’ needs. Equally important, it requires a constant program of efforts to develop your customer base and stimulate sales - a program initiated and implemented most effectively by putting your own twist on direct, hard-working, tried-and-true ideas such as the 12 described above. It doesn’t take novelty or large sums of money to succeed in marketing; first and foremost, it takes action.

You’ve Got to Put the WOW Back in Business

As a private ticket agency now selling 250,000 tickets a year to theater, sports, and concert events throughout the U.S. and abroad, Ticket City in Austin, Texas has grown explosively since Randy Cohen (above) founded it in 1990.

“You’ve got to put the wow back in business,” says Cohen of his marketing methods. “You’ve got to plan your work and work your plan.”

That means promoting the customer’s interests and encouraging repeat business right from the start. For example, Ticket City doesn’t sell just “tickets,” but the “best seats” available. Staffers call back every single customer to say, “I want to make sure you had a fantastic time” at whatever event the customer attended. They may also phone to offer discount tickets to this year’s version of events that customers attended last year.

Though he advertises widely, usually in exchange for complimentary tickets, Cohen depends most on his telephone staff, making sure all are friendly,

engaging, and energetic, as well as deftly assertive about asking for the sale.

We Put the Money into the Quality

Since 1983, when he and his mother founded Gimmee Jimmy’s Cookies, Inc. in West Orange, New Jersey, James Libman has been uncompromising about the quality of cookie preparation and ingredients. He believes that once customers taste them, Gimmee Jimmy’s cookies sell themselves.

Accordingly, Libman’s marketing strategy has always centered on free samples. He launched Gimmee Jimmy’s with the help of extensive sampling, including his mother’s all-weather stints outside supermarkets until a large regional chain began carrying the line. Currently, he also sends out cookies as thank you customer gifts to dozens of New Jersey auto dealers, banks, brokerages, and other businesses.

The company works actively in the community. Besides belonging to several chambers of commerce, the firm donates its seconds to churches and schools - especially schools for the deaf, where Libman, who is deaf, often lectures to enraptured students.

Revenues have grown from $25,000 to $1 million, generated by sales in supermarkets, CompuServe, and fueled by inexpensive sampling. “We put the money into the quality,” explains office manager Fran Stack. “And,” she adds, “it shows.”

It All Starts at the Grassroots Level

“It all starts at the grassroots level with the employees,” says Allen, explaining Petersen Farms’ success since 1992, when he and his cousin Raymond Petersen took over the ailing family-run ice cream and restaurant chain in West Hartford, Connecticut

Believing that no marketing plan could succeed until employees were working together for the same goals, Petersen focused first on improving morale. He revived the old company newsletter and ran a newsletter-naming contest - won by the entry “Monthly Moos.” He invited employees to repaint the plant to their taste, which produced a pink, purple, and cow-spotted decor.

When it came to marketing, in-house creativity also prevailed, resulting in colorful, high-profile special events. For example, Petersen Farms transported the “world’s largest ice cream sandwich” to downtown Hartford and distributed free tastes. It developed a menu of items named for local radio personalities and donated 10 percent of revenues to charities. It organized a hospital fund raiser in which hospital teams raced to assemble chocolate-covered ice cream sandwiches; the chocolate flew.

“Use your imagination,” advises Petersen, “and you can do everything big companies can do, but on a far more economical scale.”

Your Best Customers Are Your Existing Customers

Steve and Maryellen Stofelano, owners of Mansion Hill Inn in Albany, New York’s inner-city Mansion District, have taken on two tasks: renewing their neighborhood and promoting their inn.

In the neighborhood, the couple’s efforts at reviving their street and hiring local residents have raised property values, won them a municipal award and made Mansion Hill Inn a place where guests can feel safe.

As for the inn itself, they’ve focused their marketing on their award-winning dining room. The Stofelanos serve only New York State wines, for example - a move that, in the state capital, has brought them notice and acclaim. The couple also offers numerous special-event dinners: wine-tasting dinners, cigar-smokers-only dinners, and “Mansion suppers” featuring the cuisines of their Polish, German, Italian, and African-American neighborhood.

In addition, using a mailing list of diners who sign up on comment cards that accompany dinner checks, the Stofelanos stay in touch with guests by sending notices of dinners or promotions like summertime room discounts for Albany residents. “Never forget,” comments Steve, “that your best customers are your existing customers.”

StartUp tips

Tuesday, October 11th, 2005

http://wiki.independentshall.org/business/philadelphiastartuptips