HOW TO SUCCESSFULLY LAUNCH A NEW BUSINESS

Written by Bob Leduc


Every week I talk with business owners who tell me how excited they are about their new product, service or business opportunity. Usually, their comments include something like, "Everybody needs it. I know I'm going to make a lot of money with this."

They sincerely believe it will be easy to generate hordes of customers standing in line to spend money. I really hate bursting their bubble. But, it's not going to happen that way.

Building a successful business is hard work. Most of that work will be devoted to finding customers. Finding customers will be your toughest job. You need a detailed strategy to attractrepparttar number of paying customers required to meet your financial goals.

By trial and error over many years, I've developed a 5 step marketing strategy that enables me to launch a new product or service profitably every time. You can copy this system to launch your own new enterprise or to revive a floundering business.

STEP 1: Identify Your Target Market

The first step in developing your strategy is to isolaterepparttar 106354 best target market for your product or service. Your sales efforts will be most effective if you focus on a group of prospects with common characteristics and similar problems.

Start by defining on paper your ideal customer or client. List all ofrepparttar 106355 characteristics you expect to find in good customers or clients. Be sure to include characteristics that make your product or service valuable to them. Then, use this list to identify a target market. Define your target market in writing.

STEP 2: Find Your Most Appealing Customer Benefit

Exactly what isrepparttar 106356 most compelling problem you can solve for prospects in your target market? Why is your product or servicerepparttar 106357 best solution to their problem? Your answers to these 2 questions revealrepparttar 106358 customer benefit(s) to stress in your sales approach.

STEP 3: Develop A Few Motivating Offers

Develop 2 or 3 offers that motivate prospects to take buying action immediately. For example, can you use a special discounted price offer with a deadline? Are there bonuses you can add if prospects order or sign up beforerepparttar 106359 deadline? Can you combine both into a "special price plus bonus" offer?

10 Tips For Running A Super Business

Written by Polly Hummingbird


TIP 1 - Add A Touch Of Class

The most successful businesses are 'classy' businesses. You can turn an ordinary company or office into one by simply adding a touch of class to it.

Examples: > use designer letterhead and business cards > provide limousine service for visiting clients > offer an employee profit-sharing plan > put plants in brass containers > have a leather sofa inrepparttar waiting room

TIP 2 - Develop An Efficiency Plan

The ideal company or office should be super efficient. Study all processing areas and create systems that work really well. Do this by using custom forms and by entering each task into a 'task manual'. Then monitorrepparttar 106353 systems and make minor improvements.

TIP 3 - Become Environmentally-Friendly

To gain admiration from your customers or clients, make your company or office environmentally-friendly. Take a tour and make notes of everything that could be improved. Then gradually implementrepparttar 106354 changes. Publicize your environmental efforts or commitment in product brochures.

Examples: > recycle fine paper > use bio-degradable products > avoid animal testing > use goods made with recycled material when manufacturing > practice proper disposal of hazardous material

TIP 4 - Implement Salary Supplements

Nothing makes an employee more enthusiastic than having 'perks' in their employment. As well as a good salary, offer occasional salary supplements.

Examples: > paid training courses > bonuses from new business brought in > rewards for useable ideas > transportation costs > word-related competitions with terrific prizes

TIP 5 - Design Your Own Forms

When a client uses a customized form they immediately perceiverepparttar 106355 business as a respectable firm. All it takes is a few moments to design a custom form. Includerepparttar 106356 company name and logo in a corner. Haverepparttar 106357 form printed professionally.

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use