Archive for July, 2010

Accounting Resources and Small Businesses

Join Shelly Allen as she discusses one of the most important aspects of your business: Accounts Receivable and Accounts Payable.

It is crucial that you know who owes you money and who you owe money to.

Keep in mind that there are many ways you can help keep your small business on track with accounting:

For example you can engage in lots of self education with books like, Accounting For Dummies… Also, computer software such as Quicken or Quickbooks… Or even hire an accountant. These are just a few of the ways!

Being prepared and organized in the area is a MUST!

Therefore, make sure to chose a method that best suits YOU and your SMALL BUSINESS.


by Cathie Heath

Ask any business owner what their #1 priority is, and more than likely they will say “prospecting,” “getting customers,” or something along those lines.

Whether we’re wanting more customers or more associates, we all know that contacts are the life-blood of home and small businesses, and organizing and prioritizing our prospecting efforts can be challenging, to say the least.

Think about it…We have several different kinds of contacts, each with different levels of importance, and it’s possible to find ourselves running in circles day after day without an intelligent, organized approach.

This article is an adaptation of Andre Vatke’s training for network marketers and is designed for use with home and small businesses of all kinds…both online and off.

So first let’s look at the types of contacts we make…

The Initial Contact – As it implies, this is the first time we make contact with someone.  We may speak with them briefly (in person or on the phone), get their information, set up an appointment, leave a message with an associate, spouse or family member, or leave a voicemail message for them.  However it happens…this is the beginning.

NOTE: In all cases, this (and every) contact needs to be followed with an email, or better yet, a handwritten post card. “Nice talking with you,” “Sorry I missed you,” “I’m looking forward to our appointment,” etc.

The “Interview”
– This is the appointment or call that will likely take the most time and is when we gather information, etc. Normally, it’s a time set in advance for both party’s convenience.

Follow Up – Whether following up after leaving a message or after an interview, these are scheduled out a few days, weeks, or months on your calendar, as is appropriate to the situation.

Now…to prioritize, simply assign a level of importance to each contact…

“A’s” – This is your hot list.  A fresh lead, a recent interest, etc. that demands your attention TODAY.  Will also include those who have rotated into your hot list from one of the other lists (explained below).

“B’s” – These are the contacts that you’ve made an attempt to reach, but have been unsuccessful.  You put them in your calendar to follow up in a day or two.

“C’s” – You’ve made a connection, but there’s been no action, no interview. Continue to communicate with them via email, notes and cards. “Drip” on them to give them time to think about it and schedule a follow up one, two, or even six months out.

This now becomes a revolving process.

Look at your calendar and determine where each prospect is on a daily basis. Your “B’s” and “C’s” become “A’s” on the day you’ve scheduled to follow up with them.

IMPORTANT: Keep rotating them through your system until they are permanently disqualified, closed, or tell you to get lost and
never bother them again.

By balancing and shifting our “ABC” list daily based on what THEY require, we’re always calling our “A” list only.

Better yet, we don’t “lose” someone because they got missed while we were busy running in circles!

Kristen Darkenwald shares why home and small business owners, network marketers, mlmers should all be paying close attend to the next upcoming trend which is mobile marketing. It is coined the future of all marketing.

As we move forward, the businesses that will profit and succeed are those getting the attention of their prospects and customers. Therefore, using Mobile Marketing services is bound to be a critical move for business owners who jump on this trend early. Ultimately the people who use this new technology in their marketing efforts will be the ones who will reap the most rewards.

Increase Business With Mobile Phone Apps

Miriam Buhr discusses a trend in mobile marketing that is causing a stir with big brands and online auction sites and has great potential to increase business for smaller companies and businesses. By using an iPhone and the RedLaser mobile phone app, you can take a picture of a product’s barcode and this application quickly provides information about the product.

As a business, you can check on your competitors’ prices and sales without leaving your own store. The information revealed in this video gives you an idea of the potential of mobile marketing and the effects that a small device and application is having on StuffBuff.com and eBay.

Join Cassie Strom as she shares a quick story about the importance of keeping track of your business contacts and remembering to follow up.

She also reveals a very easy and FREE tool to use as a way to help with your “social” memory. Head over to Noteleaf to sign up for a free account.

Managing The “Tool Trap” As Business Owners

Join Kim Shahan as she discusses the benefits and pitfalls of getting the “right” tools for you and your business in order to experience success. As a new business owner, the tendency is to rely and trust the advice of your business coaches or uplines. But when the agenda of the day says that every tool recommended is best for you, what do you do? Have you EVER been a newbie in a biz and had a TON of “TOOLS” thrown in your face? What advice do you give to your ‘newbies?’

Watch this video as Kim Shahan shows you HOW to avoid falling victim to the “Tool Trap!”

Shelly Allen shares how membership with the Better Business Bureau (BBB) is equated with numerous benefits.

If you heard about or even considered becoming a member of this trusted organization, you may have wondered how it could  personally help your small business.

Shelly discusses some of the BBB benefits and as a result the possibility of a boost to your business traffic and sales.

Yellow Pages or Internet Advertising?

Wes Hazlitt discusses that increasing research in the US and Australia has found that the use of and response rates to the traditional yellow pages is declining. Even the best-pulling ads in specific sections are not getting the number of callers or sales it used to and advertising costs keep climbing.

People are increasingly turning to the Internet to find local or online information. Some statistics suggest that the use of on-line search can be as high as 80% of all information searches.

Even The Wall Street Journal acknowledges that the days of printed directories like Yellow pages are numbered. The Wall Street Journal reported that advertising in US print directories is expected to fall 39% over the next four years. In other words, online marketing is considered to be a marketing trend that is the new way to do business if you want to remain in business.

Super Simple Content Creation

Tonight we had an excellent call about super simple content creation ideas…

Please let us know if you were inspired and share links to the content you created!!!

Financing For Women Owned Businesses

by Miriam Buhr

 There are a myriad of programs for the expressed purpose to help women entrepreneurs to start, grow, and expand their businesses. I am cognizant that a good portion of business owners personally finance their businesses. Yet there is another part of this sector that seeks financial support.

It is well established that business financing come in many forms. The information that follows targets US based government programs, which categorize government financing into two areas: grants and loans.

The current federal and state government agencies do not offer grants to women to help them start a business. Non-profits and private organizations normally endow business owners with grants.   Yet based on experience these grants are very rare and the focus has typically been on helping minority women and women in economically disadvantaged communities.

Although limited in numbers, loans are available specifically to help women start and expand their businesses.

The list below is certainly not exhaustive but it does provide programs specifically for women entrepreneurs:

Keep in mind that the above mentioned resources not only provide information about how and where to locate government funds, but some of the web sites listed also provide other business related information for different types of entrepreneurs: home based businesses, self-employed, non-profit organizations, disabled people, and minority owned and veteran owned businesses.

Ladies, it is wise to research so that you can make a sound business financial decision as well as determine what is available for your own personal use or referral purposes. If you live outside of the US, I encourage you to make note of these financial resources.  You have a good probability that you can locate similar and available programs in your particular country.