Strategies for Creating a Niche Business

Written by Al Hanzal


Strategies for Creating a Niche Business The customer told me, “My immediate goal is to get more customers into my business. My second agenda is to move slowly towards becoming more specialized as a business.” Here arerepparttar six steps we used with this business owner to make his transition to a niche business. Marketing We completed an exercise that evaluated his current marketing efforts. (Yellow page ads, brochures, networking, professional referrals and other forms) What was working? What was not working? We droppedrepparttar 104316 losers. As part ofrepparttar 104317 marketing analysis, we implemented 2 new marketing approaches. The result of these efforts identified his best marketing strategies.

Customer Analysis We completed an exercise that identifies his current customers. Who are they? How do they buy? How many are there? What do they buy? Where do they come from? Why do they buy from him? The result of these efforts was an understanding of his current customer base andrepparttar 104318 foundation for his new business niche.

Customer Referral Program We worked withrepparttar 104319 business owner to develop a customer referral program. Th customer referral program added another tool to increaserepparttar 104320 current customer base. The result of these efforts was in increase in his current customers.

Unique Marketing Message We developed withrepparttar 104321 business owner a unique marketing message. Why and how did he differ from his competitors? Why should customers buy from him and not his competitors? What benefits do customers receive from his services and products? The result of these efforts was a marketing message that was unique and special. This will be used as a foundation for future marketing efforts.

Are Employees Costing Your Company a Small Fortune?

Written by Karen Thatcher


Are Employees Costing Your Company a Small Fortune?

When it comes to telecom costs, many companies in America are being ripped off right under their noses. The culprit? Employees.

"Company workers can knowingly and inadvertently cost a company a small fortune in unnecessary telecom spending", says Karen Thatcher, CEO of TelCon Associates, a telecom management and consulting firm. "Employee abuses can be as innocent as using pay-per-use features that can and should be blocked to outright and systematic fraud. The good news is that all companies can eliminate these abuses with routine diligence, strict company policies and common sense."

Here are some illustrative examples that show howrepparttar innocent and blatant employee abuses can skyrocket your company's telecom bills...

Abuse #1 - Jerry is a conscientious and faithful employee, constantly onrepparttar 104315 lookout for ways to saverepparttar 104316 company money. At home, Jerry saves money when calling his out-of-state friends and relatives by dialing 10-10-XXX before he dialsrepparttar 104317 area code and number. 3 cents per minute is a much better rate thanrepparttar 104318 7 cents per minute raterepparttar 104319 company gets, Jerry reasons. Sounds smart, until you consider a 25 - 99 cent minimum charge per call is incurred every time a call is completed using 10-10-XXX services. Since most calls from work result in Jerry leaving a short voicemail message,repparttar 104320 net rate Jerry is costingrepparttar 104321 company is 25 cents to as high as 99 cents per minute!

Abuse #2 - Linda's dreams were shattered when her fiancé was arrested for drug possession and sentenced to 3-5 years inrepparttar 104322 state penitentiary. On a tight budget, Linda cannot affordrepparttar 104323 collect calls she receives from him to stay in touch. One day she nervously accepted his call during her lunch hour. To be onrepparttar 104324 safe side, she then allowed two full months to pass to see if anyone would noticerepparttar 104325 charges. Since no one routinely (every month!) auditsrepparttar 104326 company telecom bills, Linda now enjoys frequent conversations with her incarcerated fiancé fromrepparttar 104327 comfort her desk - compliments ofrepparttar 104328 company! Knowing she can get away with this abuse, Linda now routinely calls a local Date-Line 900 service to "keep her options open" onrepparttar 104329 dating scene. The cost? $1.95 per minute.

Abuse #3 - Bill has always believedrepparttar 104330 old saying, "time is money". In fact, efficiency isrepparttar 104331 one trait Bill attributes to his sales success and company advancement. That's why he uses directory assistance and directory assistance call-completion whenever he needs it - from his desk and his cell phone when traveling. He saves valuable time not having to look up phone numbers himself and then manually dialrepparttar 104332 number. Bill is unaware that to offset falling rates, telecom carriers have increased fees for these "pay-per-use" charges enormously sincerepparttar 104333 Telecom Act of 1996. Directory assistance can incur charges of $1.25 or more per use. Add call completion torepparttar 104334 mix and charges reach $1.60 or more per use. Imagine having a few hundred employees using these services just once per day - every working day ofrepparttar 104335 year!

5 Things You Can Do Immediately To Identify and Stop Telecom Abuses by Employees

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