Archive for category Business Intelligence

SMART Goals: The First Step Toward Success for Your Business

One of the first steps for any successful business plan is setting goals. For a truly successful business, those goals must be S.M.A.R.T. This means all goals must be Specific, Measureable, Attainable, Realistic, and Timely. Especially when you are dealing with abstract concepts like brand awareness or social media, SMART goals help you define exactly what you hope to do so you’re not throwing money at something that isn’t working. It may seem like a lot of work to come up with SMART goals but it will pay off in the long-term success of your business.

Specific

Specific goals go into great detail. What exactly are you trying to achieve? How do you define improving sales? Are you looking to increase online sales, in-store sales, or both? Are you hoping for a certain percentage increase or a specific amount over last month, last quarter, or last year? The more specific your goals are, the easier it will be to assess your goals later on. A vague goal will only raise more questions where a specific goal will show clear-cut success or failure because it is…
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Facebook Makes an Attempt to Save Face

Facebook has been a hot topic for the last few months and their actions have sparked a lot of debate. Since their f8 conference and subsequent announcements, there have been a number of changes to the social networking site in an effort to “make the world more open and connected.” Unfortunately many Facebook users have found fault in these changes and how they were implemented.

Privacy

Privacy has been at the heart of the concern surrounding Facebook since the very beginning. Over the years, Facebook has updated its privacy policy multiple times. However, these routine updates are not the issue. The complexity and length of the updates are what concern most users. Facebook’s newest privacy policy is now longer than the U.S. constitution. Someone wanting to change his privacy settings now has to navigate through 50 different settings with over 170 different privacy options. Their privacy policy has become a convoluted mess that many users are no longer trying to keep up and even a Facebook board member couldn’t manage his own profile page when his account was hacked. We’re all stuck trying to figure out the latest and greatest changes to their privacy policy and in the mean time, a lot of us are at risk of oversharing.

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Understanding the Future of the Web & Your Business

Harnessing the power of the internet is something that most, if not all, businesses are striving to do.  With the advent of social media sites like Facebook, Twitter and Flickr (among the most popular), it’s easier than ever to connect with potential customers. However, without a solid, structured approach to this new wave of marketing, your business could very well fall behind the times. This is also true when speaking of your website. There has been much talk around the internet lately of the forthcoming HTML5  and CSS3. Is your business on the forefront of this new technology?
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Social media and how it works for your business

Social media in its simplest form is any medium which promotes debate, discussion, or the exchange of information within its community. One form of social media is social networking but it’s not limited to the number of friends you have on MySpace. Gathering at the water cooler after lunch is a form of social networking as is attending a chamber luncheon. Social networking has and will always be the lifeline of business. Whether you sell products or services, your bottom line is always directly affected by the number of people you can connect with to make the sale. And you connect with those people through social media.

Social media is constantly changing. With the inception of Web 2.0, businesses and customers can finally cut out the middle man and communicate directly with one another. That doesn’t mean that older forms of social media are obsolete. It means that the way we connect with one another is expanding exponentially. This expansion leads to more and better forms of communication every day. And improved communication leads to a higher bottom line for your business.

So give social networking a try. Sign up for Twitter or Facebook so you connect directly with your customers. If social networking doesn’t sound like your thing, don’t forget there are other forms of social media. Set up a blog to share your knowledge and insights and to build your credibility as a business. Post photos to websites like Flickr or Photobucket to allow your customers a better view of what exactly it is you do. Use websites like Digg or iGoogle to keep up to date and in the know on what your customers are saying.

It doesn’t matter which form of social media you use. The important thing is to embrace these new avenues and to connect with your customers. Don’t shy away from them simply because they’re unfamiliar and not a part of your tried-and-true business model. If you’re not sure which medium is best for you, experiment! Nearly all of these tools could be useful to your business in one way or another. If you’re having trouble, find any one of a number of consultants that can help you navigate the world of social media. No matter how you do it, join in and enjoy the rewards of connecting with your customers.

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Understanding Your Online Audiences

Maybe you are a new business or an established business that is looking to revitalize your products and services, either way your online presence represents the fastest and most flexible venue for you to promote your message. However, that speed and flexibility has some potentially negative consequences. With some of the convenient website templates, as well as easy and cost effective access to web authoring tools, you can jeopardize your brand and reputation by ignoring or shortcutting an organization process. Whether you hire a consultant to assist you or not, here is how you begin.

First, write out a list of your audiences. Who do you want to talk to? Who are your customers? Keep it simple but thorough. Write down every type of person or job role that you want to sell to, communicate with or access in general. If you decide to be very specific with these different roles or audiences, they can also be divided into broad categories. You can organize “business owner,” “financial officer,” and/or “purchasing agent” into a more general category such as “decision maker.” However, understanding the difference between someone who is a “financial officer” but is not a “business owner” is important in some situations. You could also enlist the assistance of someone that does not completely understand your products – sometimes an outside perspective can provide brilliant insight. As part of defining your prospective audiences, note what products in which each specific audience would be most interested.

Wait. Aren’t we talking about making a website? Why are we not starting with developing a brand position and establishing a consistent awareness of that position through effective design and usability standards? That sounds like a lot of fun but hold off until you are organized. You cannot position you or your products with any clarity until you understand who will perceive that position. The understanding of your audiences will set the framework not only for the organization of your website and online marketing approach but also your identity and branding initiatives.

Second, review your products and write a 100 word general description of each. Then write a 100 word description of each product orientated to each of your relevant audience categories. These descriptions should of course, include functional information but should also include information on what specific situation it can solve for your earlier defined audiences. Sit in your audience’s chair and consider why. Why would they choose your product over your competitors? Why do they need it in the first place? Consider:

End user: “this will make your work easier”
Manager: “this will allow your workforce to be more efficient”
Financial Advisor: “this is cheaper than the competitors/will save you money”

Understanding this foundation relationship between your products and your audiences will help you determine the organization or your website and any related advertising plans.

Next, outline the information that will be distributed via your website. Focus on the breakdown of information in relationship to the audience delineation you have already defined. Your goal is to create multiple paths to access the same information. You may understand your audiences at this point but that does not mean they understand you. Give them multiple ways to find the same information. There is the ubiquitous “Products” navigation item but also include a site Search and consider Case Studies on specific products (targeted to specific audiences, ideally). Some products can best be described using the human element – a photo of one of your customers with a quote saying something to the effect, “this solved my problem.” Also, consider using questions to help your audiences find the information they need. Ask them, “Do you want to increase sales and save money?” Then link them to how you can help them do just that. Most importantly, organize your site for your audiences, not for you. Use acronyms only if they are common jargon. Make the information readily available, don’t bury it. At times you will only have a few seconds to grab someone’s attention. After writing your detailed descriptions targeting your audience, create brief, to the point, summaries for the beginning of your detailed product.

Finally, consider the call to action. What do you want them to do? Do not make the user have to click on “Contact Us” in order to find your phone number. If you want them to call you, make sure your phone number is obvious and available. If you want them to email you, make it obvious. A Request for Proposal (RFP) form can be the greatest sales tool you have. Discuss your products, talk about the features and options and then provide a link (yes, from every page) to a simple RFP form. It does not have to cover everything – just enough to get the conversation started.

With proper planning and organization your website can become an effective sales tool. When in doubt, hire an expert to bounce ideas off of and help focus your intentions.

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