Starting a Business? Reasons Why You May Need to Recruit an Advisory Board

Do you know everything? Do you know everyone? Do you have strengths and weaknesses? I assume that your answers to these three questions are “No, no, and well, yes,” given in the order of the questions, as posed. If you are contemplating starting a business, merrily bootstrapping your way to what you hope will be entrepreneurial success, perhaps you need to reconsider your own human limitations. You might want to strongly consider recruiting an advisory board.

Who should become a member of your advisory board?

That’s a tough one, and an easy one. The tough part is that you probably already have members of your advisory board, yet neither you, nor they, may be aware of their membership. Significant others, parents, friends, and other folks who are a part of your life all tend to give you advice–sometimes, whether you want it, or not. Are these people good advisory board members for your business? Maybe! Maybe not.

Let’s suppose we take the instance of a spouse or a significant other. It may cause a drain on your relationship to talk shop, too often. If your relationship begins to suffer because you cannot leave your work at work, and spend time on the personal part of your relationship, perhaps you should set some boundaries, and leave your struggle, pains, headaches, and gripes at work. If you are enjoying success: share it. If you work at home, leave all of those other negative things in your in-home office. Adopt a similar attitude as the insurance companies that suggest: “I don’t want to be a burden to my family.”

To the extent that you are able, you should leave the office burden behind and take adequate care of yourself, too, by-the-way. Turn the cell phone off, leave the laptop screen down, close the office door behind you on the way out, and clear your head from time-to-time.

Some personal relationships are strengthened by a great deal of togetherness. If that’s the way yours works, and you trust the “instincts,” acumen, and abilities of someone who is close to you (relative to guiding your business), then by all means, consider adding this person to your advisory board. You may want to have a clearly established set of protocols for ensuring that this arrangement works, however. While it’s not exactly the same thing, it should serve as a warning to anyone that it is not unusual for friendships and other close relationships to evolve into business partnerships, only to subsequently unravel.

In outlining the above, certain things should have become obvious: one needs to establish criteria for the selection and retention of advisory board members. In particular, on an individual basis, one should have skills, knowledge, and insights that will serve to strengthen you, the advisee. The relationship should yield objective advice, which you may or may not adopt, with no hard feelings on anybody’s part.

You should also adopt a holistic view about the composition of the entire board: there should be balance. I am particularly fond of mentioning that there is also a place for non-experts on a board. Some of the greatest insights of all come from individuals who innocently ask what the “experts” might consider naive questions. “Why, do you do it this way?” Every once in a while, that individual who doesn’t know any better may ask a question that stumps the experts, or causes them to produce a very poor answer in an era of rapid change, which we now face. That poor answer is usually along the lines of, “Because that’s the way we’ve always done it.” (Baaawoooonk–game show loser. Wrong answer.)

Recruitment strategies that work.

Have you ever heard of the WIFM proposition? “What’s in-it for me?” That’s the question you should prepare to answer as you craft your message for prospective advisory members, and determine who those members might be. The question I would ask is this, “Who might benefit from being on my board, while assisting me?” Let’s take the example of a Web site or other marketing communications materials: It might be nice if you would provide some public acknowledgement to your advisory board member in your outbound messages, such that they generate visibility and benefit that individual’s own endeavors. Yes, it’s tit for tat. Be thoughtful of the other person’s needs and interests!

Don’t forget sharing. Remember that from kindergarten? You need to be prepared to give, as well as receive. Don’t ask people to be a member of your advisory board if you are too apathetic, or too busy to give a little of your time helping others yourself. Don’t be one-sided in your dealings with other people. Further, it doesn’t have to be the same little group of people. In other words, if you were kind enough to sit on a few boards and lend your skills and insights, the adage, “What goes around, comes around,” will likely apply to you. It may be a different group of individuals, besides the ones you got to know through the boards you sit on, who sit on your own advisory board. That’s o.k., just think of the expanded network that you will have.

Logistics of advisory boards

Don’t be a burden to your board. Too many meetings become very non-productive. Too much communication becomes an imposition. Keep advisory board obligations streamlined, simple, and convenient; meetings should be limited in frequency and duration, mutually beneficial, and enjoyable, while at the same time addressing the “nuts and bolts” of the advising tasks at hand. If you have the budget, you may wish to consider an annual meeting in a setting that’s enjoyable. If you cannot afford it, is it because you were so busy bootstrapping that you didn’t foresee the need for such a board or meetings? That’s called thinking small. Think bigger.

Staying connected, and competent

If you don’t provide for your, and your company’s, own nurturing and development, it probably isn’t going to occur at all. As a related aside, I find that many business plans often fail to address professional development and the entrepreneur’s need to stay tuned in and informed. If you haven’t factored in your own industry’s number one and number two annual conferences, some continuing education and seminars, some workshops, and plenty of books and periodicals, you’re cheating your business out of what should be one if its primary assets: your competence and connectedness as a leader.

Bottom line, you need to stay connected and informed to be effective. An advisory board is a great way to address many aspects of this requirement. You should supplement and offset your weaknesses and human limitations with the help of others, and be sure to reciprocate.

8 Great Reasons For Starting a Network Marketing Business

Network marketing has changed the lives of millions of ordinary people just like YOU and me around the globe and if you’re hesitating in joining a network marketing business, then take a look at some of the benefits you’ll gain.

Benefit #1: This Business Can Be Build On A Part Time basis.

No need to quit your current job to join a network marketing company; hence stressing to be able to put food on the table and provide for your family and other household expenses.

While you still got a regular job, you can dedicate a few hours a week to work on your home-based business…The training we offer once you join will literally give you tips on how to work less and earn more.

I’ve met many full time students that have been able to build successful businesses and are earning a lot more money for themselves while they get their school degrees.

Benefit #2: Very Low Start-Up Cost (Meager Investment Required)

If you wanted to start a regular business from scratch, then you’ll definitely need to invest thousands and thousands of dollars to get started.

Buying a McDonalds franchise can cost you up to $300,000 as a start-up cost and most people don’t got that kind of money.

With a network marketing company, you can own your own franchise and begin making money Right Away with ONLY a few hundred dollars!

Benefit #3: No Income Ceiling

By becoming a better marketer with the tools and training you’ll receive from us, growing your business will be a lot more easier and with this business, you got the potential of earning as much money as you’d like without being in debt from the beginning.

Benefit #4 Residual Income (Passive Income)

Residual income is what all entrepreneurs are seeking for in the long-term with their businesses…but what does it mean?

To make it simple to understand, residual income is the money that you’re able to earn on a constant basis from your business without working.

In other words, rather than exchanging your time for money like you’ll do at a regular 9-5 job, you spend some time to build a potent business by leveraging the efforts of others, then the income will keep flowing in no matter what.

Building a residual income from your business is doable but it requires lots of work and perseverance. You must become a leader and create new leaders in your team in order for your business to duplicate.

Network marketing easily allows you to build a residual income for life…If done properly; you’ll continuously get paid without getting your hands dirty.

Benefit #5: Tax Advantages

There are a lot of tax advantages that you can benefit from simply because you own a business. With a home-based business, you get paid first without any tax deductions, invest all you can into your business, and then be taxed on whatever is left.

That’s one of the biggest loopholes EVER. Get paid, invest your earning through corporations, and then get taxed on whatever money is left.

You definitely do not have this opportunity as an employee because before you even you see your paycheck, the government already took his share…and it doesn’t stop there since your first line of expense as en employee is taxes.

After all this, you’ll be forced to struggle and live on whatever money is left.

It really aggravates me when I hear people say that business owners are heavily taxed and have a lot less advantages than employees. That’s total ignorance and here’s why…

Tax laws are written in the rich and wealthy people’s favor since they possess power and influence.

In addition to this huge benefit, you will be able to get better and higher tax returns because you can claim every PENNY that you spend in building your business. These may include the following:

*Electricity

*Rent (spaces that you use to run your business)

*Internet

*Telephone

*Home insurance

*Food supplies

*Business tools (computers, printers, ink, webcams, microphones, etc…)

*Business related travel costs

*Advertising expenses (Fliers, Press Releases, Ezine ads, PPC, etc…)

*And much more…

So why pay more taxes when there’s a L-E-G-A-L way to avoid them?

Benefit #6: Time Flexibility

Having a home-based business is a dream come true for a lot of people around the world. You and only you manage your time.

There’s no boss looking behind your shoulders at all times making sure that you’re getting the job done.

You work and build your business at your own pace. There’s really no stress and you could be in your pajamas all day and be building a successful business from the comfort of your home.

By joining a network marketing company, you own and control your business…It’s not the other way around.

Benefit #7: Meeting Great People

Throughout your network marketing endeavors, you’ll meet incredible people that share the same values as you. You know what’s even better, you’ll be in constant contact and surrounded by successful people from whom you can learn and get great advices from.

Instead of discouraging you, these people have the same views as you and therefore will be there to support and guide you all the way. That alone is priceless!

Benefit #8: Great Free Training

By joining any network marketing company, you’ll receive some sort of training.

They’ll teach you things like personal development, pubic speaking, sales, marketing and many other life-time valuable skills that you’ll be able to use in your everyday life.

I truly hope that all these *BENEFITS* will help you make a better decision about network marketing and why there’s so much to gain.

The Case For Entrepreneurship – 6 Reasons Why Starting Your Own Enterprise Is The Way To Go

Have you ever dreamed of being your own boss? Do you have a great business idea that you would like to bring to fruition? There is no better time to start a business than now! 14 million U.S women own or run a business; women owned businesses employ a whopping 27.5 million people. According to The Center For Women’s Business Research, nearly half (46%) of all businesses are at least 50% owned by a woman or women. Women are taking risks and succeeding as entrepreneurs!

Women entrepreneurs of today are innovators, problem-solvers and have taken the over the reigns governing their futures. Almost 60% of women who have transitioned from traditional jobs to the world of entrepreneurship declare that nothing would attract them back to the corporate world. Thinking of pursuing a venture of your own? Here are six propelling reasons why entrepreneurship is the way to go:

1. Financial Independence

Entrepreneurship has proven to be a major vehicle individuals use to achieve financial freedom. One of the fastest ways to build wealth is starting a business; 74% of wealthy people are business owners (not employees). From legends like Madam C.J. Walker to the well-known visionaries of our time such as Bill Gates and Michael Dell, we have mounting evidence that individuals have used their business to create millions if not billions of dollars in personal wealth. While all companies may not be billion dollar enterprises, we see phenomenal success in individuals whose entrepreneurial endeavors bring in modest cash flow whose business revenues has allowed them to pay off debt, send loved ones to college, fund retirement accounts and much more.

2. Creation of Multiple Streams Of Income

This is one of my favorites! As a business owner, you have a world of options at your fingertips. You can leverage your knowledge and expertise to create several streams of income from a single idea. Let’s take a simple pie example. Say your passion is making cherry pie. Everyone loves and requests your cherry pies all the time. You decide you can make some extra money by selling your delicious cherry pies, so you charge $10 per pie and people gladly pay. Business is great! But don’t stop there. You can create additional avenues of income by sharing some of your “special secrets” by teaching pie making classes, selling a recipe book on pies or pastries, getting local and/or chain stores to stock your pies on their shelves, offering catering services, offering to show others how to start their own pie business, starting a mail order cherry pie business, selling pie making accessories and specialized baking items, and the list goes on. I have just listed 7 possible income streams from a single idea. Think about the business you would like to start. How many streams of income can you identify?

3. Flexibility

For the most part, as a business owner, you enjoy the flexibility to work when you want, how you want and in some cases where you want. The Center For Women’s Business Research tells us that 51% of women said the primary reason for starting their own business was the desire for more flexibility. You can determine your work schedule; if family commitments are important, you will have the ability to attend functions and events that are important to you without having to ask for time off from another person. You’re the boss! An author can work on a manuscript while at her daughter’s soccer game using a laptop. A consultant can schedule clients around activities she enjoys and prefers not to miss. What matters most to you? Are your missing out on important activities due to time constraints and job duties? Have you missed out on something important due to work obligations one too many times? Your own business may be the key to stop merely existing, but instead gaining control over your life and living abundantly with no regrets.

4. Tax Benefits

The numerous tax benefits recognized by entrepreneurs are reasons in and of themselves to start a business. The government favors small business and actually wants to help you succeed! You can reap the greatest tax benefits by incorporating. While determining the legal entity that best suits your venture should be discussed with your tax advisor, I strongly recommend incorporating for almost all businesses. Small businesses are eligible to deduct car expenses including mileage and depreciation, home office, personal assets, entertainment, travel and retirement deductions. An expense is usually deductible if, in IRS terms, it is “ordinary, necessary and reasonable.” A critical difference between the taxation of an employee vs. a business owner is that employees are taxed before their expenses while businesses are taxed after their expenses. That is a big difference! Again, it is worth discussing specific tax issues with a qualified advisor as it is well worth the investment, plus, its deductible!

5. Purpose

Some of us are called to the marketplace in the same manner others are called to medical, teaching or other professions. Your deep desire to start your own business may be for specific, God ordained reasons. Your product or service could just be exactly what millions of people need! Where your passion is, often, lies your purpose. Don’t let opportunity pass you by. Don’t be deterred by lack of resources (time, money, manpower, etc…). The provision will be provided for your vision during the right season. Think of all the incredible things we have today that we can’t even imagine living without such as bridges, airplanes, electricity and the list goes on. It all started with a vision, a concept in the mind of someone with a passion and a purpose to bring it forth. Your business could be the catalyst needed for positive change in many, many lives. What’s your grand idea? The world is waiting!

6. Challenge and Reward

Make no mistake about it, entrepreneurship is hard, very hard work. It is challenging, but immensely rewarding. The initial stages of starting your own business could possibly be the hardest you will ever work in your life and be one of the most rewarding experiences as well. As an entrepreneur, you can see the direct results of your labor, immediately and over time. Successful entrepreneurs see challenges as opportunities to succeed. It may be time for you to step out on faith, away from the perceived security of a steady job into the world of entrepreneurship. There are countless organizations out there whose primary mission is to help you succeed in your entrepreneurial journey. The point is that yes, there are challenges, but despite the challenges, you don’t have to go it all alone. Ask any entrepreneur, and they will assure you that the rewards outweigh the challenges by far, any day.

I sincerely hope that you are motivated to start your business whether as a part time vehicle to earn extra income or as a full time venture. There are countless resources available to help you with your endeavor. In parting, I want share with you one of my favorite quotes by Teddy Roosevelt from a speech given in 1910

~”It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.”

Three Reasons Why You Need A Book Marketing Plan

A book marketing plan is a critical component to success as a published author.

Yet many authors tend to skimp on taking the time to put one together.

For one, they may feel that putting together a marketing plan for their book is time-consuming.

Or, they may simply find the process too confusing.

In this article, you will learn three reasons why you need a book marketing plan if you plan to succeed as an author.

Book marketing is important in crafting a strategy to getting your books in front of the right readers. It is important to know exactly how you plan to get your books read.

1. A smart marketing strategy will help you to define opportunities that are available to you in your chosen book niche. You will be able to identify these opportunities because you will have to do research while crafting your plan. This research may include locating book clubs that read books in your niche, finding magazines that you could possibly advertise your book in, and so forth.

2. A book marketing plan will help you get clear on your target audience. Your target audience is out there; and they are just waiting to read your book. Your job is to find that audience, and get in front of them. Putting together a marketing plan will help you to find out just who that target audience is, by causing you to do market research. Market research helps you to create a customer avatar. A customer avatar is a fictional person you create that symbolizes the type of person you see yourself working with, or in this case; who you want to sell your books to.

Being clear on your ideal audience, aka, your readers, will help you to have laser focus on how and what it is that you need to do in order to reach them.

3. Your book marketing plan will help you stay focused on marketing. Yes, you read that right. Your marketing plan will help you to stay focused on task at hand; and that is marketing your book. Marketing is very important. If you don’t learn how to market your book, you will not sell any books, and that is the truth.

Most authors just want to simply focus on writing the book, and not on how they will market it. That is a costly mistake that far too many authors make.

Craft your plan to focus on reaching the people who are really looking for your books, and you will see an increase in your book sales.

Take the time to work on your plan, and if necessary, get with a marketing professional to ensure that you are addressing every possible outlet that is available, so that you can reach as many readers as necessary.

A book marketing plan may indeed take work to put together; however, taking the time to actually put one together will prove to be one of the best decisions you could ever make in your career as an author.

Ten Reasons To Have an Inspired, World Changing Goal

In a nutshell, having an inspired, world-changing goal is the difference between idly walking along a path leading to nowhere and taking a purpose-filled journey to somewhere.

But before you can really consider why you need an inspired, world-changing goal in your business, it’s important to first understand what exactly an inspired, world-changing gGoal is.

An inspired, world-changing goal is a clear, measurable goal that you’d feel doggone excited to accomplish in the next 10-30 years. It’s a real goal, and not just some pie-in-the-sky mission statement or wish for world peace. It’s a specific, measurable goal that you can clearly define and you can objectively know when it is complete.

A well-constructed Inspired World-Changing Goal has six key attributes:

It lights up your heart and inspires you to your core. When you think about it, you are instantly filled with motivation, purpose, inspiration and excitement. It simply must be loaded with authentic desire within you. Without that, it’s not really an inspired goal, now is it?

It is 50-70% likely that you will be able to achieve it in 10-30 years. It’s indeed possible for you to accomplish this goal, but it will require a great deal of commitment on the part of everyone in your business to make it happen. It’s not a sure thing, but with every ounce of focus and commitment, you can do it!

It will require you to transform and grow. In order for you and your team to accomplish it, you will be required to evolve, shedding fear and embracing empowerment. You will need courage, perseverance, commitment, and inspiration, in order to make this goal a reality. It’s a goal that requires the very best of you to come forward.

It passes the Mount Everest test. In other words, your goal is as specific as climbing to the top of Mount Everest. I know, you know, your team knows, and the rest of the world knows what it means to climb to the top of Mount Everest. The same should be true for your goal. Specific, measurable, achievable, understandable, definable. It is in no way subjective. If you state your goal and people don’t clearly understand what you mean by it, then it fails the Mount Everest test and is not a true inspired, world-changing goal. You should be able to tell your friend what your inspired, world-changing goal is, and she should be able to easily — and in her own words — tell others what your goal is.

It involves more than you. This is what makes it “world-changing.” In some way, an inspired, world-changing goal benefits another. It transcends the self in some way and paves the way for your inner fulfillment to meet the need of the world in some way. Inherent in the goal are benefits to others, who might include your clients, your employees, your family, your community, the environment, a specific group of people, or a social cause.

It’s profound yet simple. You can say it in 20 words or less. It’s no loaded with descriptions, prepositional phrases, adjectives, etc. It’s clear and simple — “my goal is to climb to the top of Mount Everest.” No other colorful expressions are needed to describe it.

Here are some examples of what an Inspired World-Changing Goal is not:

To bring peace to the world. (It fails #2 and #4 from above.)

To sell my product to 300 million women. (Unless you are Procter & Gamble, it’s likely that you’d be failing #2 from above.)

To inspire people around the world with a feeling of hope, possibility, joy, and fulfillment. (It fails #2, #4, and #6 from above.)

To generate $25 million in annual revenues. (It fails #5.)

To consistently have 5 clients and increase annual revenues by 10%. (Sorry but this is just not that inspiring! It likely fails #1, #2, and #3 from above.)

Here are some examples of what an Inspired World-Changing Goal is:

To pass a bill in Congress implementing Department of Peace in the Executive Branch of U.S. Government

To attract 1,000 new clients each month and enroll them in buying an ABC Co. product or service.

To open a Wellness University that provides at least 10 unique certification programs.

To build a retreat center that serves 10,000 guests annually.

To be named as one of Fortune Magazine’s top companies to work for.

To take 1000 artists on a Spiritual Discovery Tour.

To give $1 million to charity (based on a rate of tithing 10%).

So now that you understand what an inspired, world-changing goal is, here are the top ten reasons why it’s imperative to have one in your business:

Reason One: It is the guts of your vision. Every successful business has a clear vision of where it is headed. An inspired, world-changing goal sits at the heart of that vision, making it more real, clear, and powerful.

Reason Two: It becomes your north star. Most businesses are headed towards short-term goals, but who knows if those short-term initiatives are really headed in the direction of your larger vision? Until you have an inspired, world-changing goal, your headed on a path to nowhere.

Reason Three: It is the foundation of your business plan. Once you have a well-constructed inspired, world-changing goal, then it’s easy to build milestones leading you to it. Your milestones then become the focus of your short- and long-term business planning. With an inspired, world-changing goal you have something specific to begin charting your progress towards.

Reason Four: It helps you make clear choices. Every choice will either lead you one step closer or one step farther from your goal. By having an inspired, world-changing goal, you have a litmus test or a system of calibration to determine the best path for your business. It helps you determine which markets to focus on, which products to develop, which channels to leverage, and which partners to attract.

Reason Five: It inspires you every step of the way. Without an inspired, world-changing goal, it’s easy to forget why you started your business in the first place. Getting lost in the minutia and sucked into the grind, it’s easy to loose perspective, momentum, and inspiration. But with a clear, simple inspired, world-changing goal, you are empowered with a glimmering reminder of what your journey is all about. And that is inspiring.

Reason Six: You are assured fulfillment. So often business owners chase goals that sound reasonable, logical, and prudent; but often these goals fail to produce the feelings of joy, fulfillment, purpose, and higher purpose that business owners long to feel. By following the path of an inspired, world-changing goal, your spirit aligns with what it deeply craves, and thus the feelings of fulfillment, self-actualizations, and real satisfaction are finally available along the way.

Reason Seven: It’s more attractive than you can possibly know. When you are onto big aspirations and accomplishments, everything about your business resonates, vibrates at that higher level. The high-frequency feelings combined with the clarity of a specific goal give you the exact ingredients to make your business a success-magnet.

Reason Eight: Others will be inspired to help you. When you’re up to big things, others will be inspired by what your doing and automatically feel compelled to help you. Not only does an inspired, world-changing goal build buy-in from your employees, it builds loyalty and confidence in your customers and partners.

Reason Nine: It keeps you aligned with your highest path. Because your inspired, world-changing goal is grounded in something that lights up your heart and inspires you to the core, it is, by definition, aligned with your highest path. Gifting yourself with an inspired, world-changing goal guarantees that your business be an instrument for divine good. I can’t imagine anything more empowering than that. Can you?

Reason Ten: Success becomes automatic. By taking consistent, constant action in the direction of your hearts deepest desires, you are essentially choosing to work with with the flow of the universe and all its abundance. Success, by any definition, becomes effortless and automatic. Your only job is to stay focused, inspired, and committed to the goal at hand.

Indeed having an inspired, world-changing goal at the foundation of your business can give you many benefits. But don’t take my word for it. Experience it for yourself today.

Copyright 2005 Coco Fossland

4 Reasons Why Your Retail Business Needs a Mobile App

Mobile epidemic is spreading. Nowadays, there are more than 2 billion active smartphone users all over the world. And all these people choose a smartphone as the most convenient device for the majority of their daily tasks. The possibilities of this market are unlimited, and if you still haven’t done anything to use them, it’s high time for you. In this article, we’ll explore why a website is not an option anymore for online retail business, what benefits you will get if you create an appealing retail mobile app and what functionality you’ll need to include there.

Your site isn’t enough

Ask yourself what device you use more. Is it a PC or a phone? I’m sure that it’s a smartphone. Now, ask yourself what is easier to work with a mobile app or a website via a mobile browser? I think that the answer is obvious. And we are not the only people who have noticed the difference. Here are some statistical facts taken from PR Newswire portal to prove my point:

  • Mobile app users browse 280% more items compared to websites on mobile devices.
  • Mobile apps have 90% higher rate of goods added to basket compared to mobile websites.
  • Mobile websites in the retail sphere have more than 100% less conversion rate if compared to mobile apps.

The numbers clearly show that the mobile apps work much better in such areas as customers’ engagement and profits increasing. And one more thing for you to consider, the portal Flurry analytics has calculated that modern mobile users spend about 90% of time working with apps and only 10% on browsing.

You see the statistics and have to make conclusions because your competitors do. Every day we get thousands of retail mobile apps and there are several reasons why business holders create them.

Benefits for business

All these phrases like “business improvement” and “profit increase” sounds very hazy. Let’s talk about real advantages which you’ll get after your retail app release:

Sales boost. It was calculated that more than 85% of users who installed a retail app use it regularly. Almost 55% percent of these people have made a purchase via the app last month.

Very promising statistics, right! Besides, with the help of discounts, special offers and a loyalty program for mobile shoppers, you can easily break these records. For instance, Alibaba, an online retail app famous for its discounts, has got the highest profit from mobile users – almost $25 per a user a month!

Extinguish competitors. This business if taught and the race is very intensive. Did you know that 60% of all interviewed business holders in the retail sphere confirmed that they are ready to start their own app development or they have already released one? Modern apps are very easy to use, they have much more intuitive interface than mobile websites do and %45 off people who took part in AYTM survey claimed that they prefer doing shopping via a mobile app rather than a website. Sounds like a lot of people, right? Don’t give these customers a chance to choose another app. Contact a mobile app development company and release your product faster than your competitors!

Build brand loyalty. Brand recognition and loyalty is a huge plus for your company. Many businesses are trying to build their marketing campaigns in a way to increase their brand popularity. That’s one of the main reasons for many business holders to create their own mobile app.

In-store experience improvement. It was calculated that more than 50% of customers can use both a mobile app and physical store shopping. Which means that these notions aren’t mutually exclusive. Moreover, one can help another. In such a manner, you can improve your in-store experience with the help of a mobile app.

For instance, with a barcode scanner app, your customers can get more information about a product and its peculiarities without pinging a staff member. As well as that, your customers can pre-order goods and pick them up whenever they like.

MVP feature list

Still, there are some features which are an absolute must in your retail mobile app. Here they are:

Convenient catalogue. It has to be really well-organized and structured catalogue to help users save their time and nerves. Here’s a tip for you, use only high-quality goods photos and keep your catalogue up-to-date. Nothing drives customers crazy as an item which you can see in the app but can’t buy because there are none.

A lot of filters. Customers are very demanding nowadays that is why it would be useful to add additional filters to the usual ones, like size, colour and so on.

Convenient payments. Add several payment options. Not all people use only Visa or MasterCard. Different options give a user right to choose. It would be also great if you add total cost feature to your shopping cart, so a user can see whether he has enough money or it’s necessary to exclude one or a few items.

The information we’ve listed above should become a guide for you if you want to make your retail business prosperous. The modern era demands only modern technologies and approaches. Don’t waste your time and give your customers a chance to shop with comfort!

6 Great Reasons to Avoid Free Web Hosting

When it comes to web hosting, there are a lot of options available. With so many alternatives to choose from, you might be tempted to consider one of the many free web hosting services out there. However, there are some common pitfalls related to that approach that can end up costing you and your business a lot of money down the road. Therefore, it is important to know what these red flags are so you can avoid them.

Here are 6 great reasons to avoid free web hosting:

  1. Lost Credibility. Your web site will often be the first impression your potential customers have of your business. With free hosting, you may be stuck with a very long domain name such as http://freehostingservice.com/~yourbusiness. A domain name like this is an instant signal to your prospects that your business is still in the minor leagues. It is very difficult to build trust and credibility when your web presence appears to be fly-by-night.
  2. Banner Ads. The main reason these services are free is because you agree to allow banner ads on your site. So you invest the time, money and energy into driving traffic to your site and the free hosting service profits by directing that traffic away from you. Clearly not the best way to build a successful, long-term business.
  3. Limited Features. Free hosts usually offer a limited number of services. This lack of flexibility can seriously hinder your ability to conduct and grow your business online. For example, if you select a free service, you may have limited or no access to email, FTP accounts, content management systems or ecommerce options.
  4. Lack of Portability. When you pay to register and host your own domain, you have the option to transfer it. With free hosting services, this is usually not the case. So, if you spend a year or two building up your site and driving traffic to it before realizing how beneficial it would be to have your own domain name, your hard work may be out the window.
  5. Overcrowded Servers. This leads to slow load time for pages and increased downtime for your site. Of course, both of these issues can have a serious negative impact on the growth and profitability of your business.
  6. Poor Customer Service. Another major issue with free hosting services is that they offer little to nothing in the way of customer support. If there is a problem with your site, you will have a very hard time contacting anyone to help resolve it. Every minute your site is down carries with it a huge opportunity cost in terms of frustrated customers and lost sales.

Based on this list, you can see that “you get what you pay for” with free hosting services. Instead, consider quality web hosting an important investment into your business – one that will continue to yield positive results for your business long into the future.

Top Reasons Every Small Business Must Perform Online Reputation Management

One of the biggest mistakes any small business owner can make is to believe they don’t need to engage in online reputation management, just because they run a small business.

Nothing could be further from the truth.

In fact, the very fact that you run a small business makes it all the more imperative to manage your online brand image for two reasons:

1. Customer referrals are the lifeblood of all small businesses

2. You don’t have the luxury of a large marketing budget to control negative reviews or restore a damaged reputation like a large business can.

Let’s look at the first three reasons why online reputation management matters to small business owners:

* ONLINE SEARCH

The massive growth in online media and the rapid decline in offline media has made it necessary for small and large businesses alike to change direction and focus on their online image.

More and more people the world over look for information on just about everything from the web and this applies to information about your local business.

Your target market is more apt to look for your business online through a Google, Yahoo or Bing search rather than leafing through a Yellow Pages Directory book.

* SPEED

The speed at which online media operates can make or break your business in a matter of minutes or hours.

A viral tweet, video, blog post or status update can be viewed by thousands if not millions of people in a span of a day creating a much more powerful effect in a shorter time than any traditional offline media.

Even a small local news story can be broadcast across the nation with a YouTube video.

If the news story was positive, a small business can get a lot of positive PR and increased sales, but if it was negative, it can literally destroy the business.

Plus we all know that bad news spreads faster than good news.

* EQUAL OPPORTUNITY

Online media is largely an equal playing ground for both small and large businesses, so any business no matter its size can get exposure, criticism and accolades on the internet.

This means that even small businesses cannot afford to ignore online reputation management because the internet has made the world so much of a smaller place.

The emphasis placed on local search by dominant web players such as Google, Facebook, Yelp and others, has given more power and opportunity for small businesses to grow their presence online.

Yet this increased awareness has also made it critical for any small business to know how to handle the huge public exposure and scrutiny that is part of the package.

Here are three more reasons why small business owners must pay attention to their online reputation.

* ECOMMERCE

Ecommerce has made it so much easier for small business to grow beyond their town or city locale to nationwide or even international market.

Online shopping carts and payment processors have made this all possible, meaning that as a small business engaged in ecommerce, managing your online reputation is crucial to protect your online sales.

Negative reviews about your products, services and customer service can damage your online sales, which can be certainly be detrimental if your small business makes more money from ecommerce than in-store sales.

In addition, when you consider how certain towns, cities and states have had poor growth in the current economic recession, ecommerce can be the lifeblood of a small business trying to survive.

* SOCIAL PROOF

One of the biggest social phenomenons of ecommerce is social proof.

Do you know that an overwhelming majority of surfers do not trust advertisements but instead trust endorsements and reviews from people in their social networks or from ordinary people like themselves?

This is what makes consumer review sites so popular and how it is so easy to convince a new client to do business with you once they have read positive reviews about your company.

Therefore in order to protect your online reputation, it is important to know what people are saying about your business because this is the single most important influencing force behind a potential clients purchasing decision.

* ONLINE SEO

What many business owners fail to understand is how permanent a footprint bad publicity leaves on the web.

Once content has been published on a website, indexed by the search engines and shows up in the search results, it is extremely difficult to have that content removed.

It is not as easy as telling Google to remove the offending page because they have no power to do that.

It often involves contacting the webmaster of the blog or site where the content was posted and trying to convince them to delete the content, make the page invisible to search engines or to remove the page.

This is often quite difficult as they have ownership rights over the site.

Even if you resort to legal measures and they eventually remove the content, it is still difficult for that content to get totally off the internet radar especially if the content was widely circulated or went viral.

Online content is definitely very sticky and something that happened many years ago can haunt your business reputation for many years to come.

12 Good Reasons Why You Should Aggressively Seek Publicity For Your Small Business

It’s unfortunate but true that many small businesses have the attitude of “just leave me alone and let me do my thing.” They do not seek or welcome attention from any outsiders, especially if the outsiders are the media, the government, or some kind of consumer or advocacy group. It’s the classic head-in-the-sand approach: “Maybe if I ignore them, maybe they’ll go away.” Perhaps there was a time when the marketplace would tolerate this kind of fiercely independent attitude. But that time is past.

Today’s marketplace is no longer merely competitive, it is hyper competitive! The shelves and racks of our stores and malls are loaded with dozens of “me too” products. Bankers now sell insurance and insurance salespeople now offer CDs. A single “mega-dealer” might carry a dozen or more car brands, and literally hundreds of models of automobiles and trucks on a single square block lot. It seems like every major interchange along the interstate now has to have at least two sprawling truck stops catty-corner from one another, with one or two fast food joints thrown in nearby. Did you ever expect to see the day when hospitals would advertise on billboards and television, like soft drinks or fast food joints?

A recurring theme you will encounter again and again in my books — because I think it’s that important! — is that in this complex competitive milieu it’s critical for you, as a small business to differentiate yourself in as many was as possible from your competitors. Positive publicity is one of the most powerful, and yet under utilized promotional tools available to small businesses and organizations to help accomplish that goal. Why should my small business, agency, or group seek out positive coverage in the media? Is it really worth all the time and hassle? Here are a dozen very good reasons why you should be generating as much favorable publicity for your business, agency, or group as you can:

1. It is simply a smart dollars and cents investment in your business’ or organization’s future (read that as survival). Whether you measure your “profit” in terms of dollars left over after expenses are paid or in terms of more contributions, more members, or more clients served, promoting your business’ or organization’s name and activities is no longer an optional “it would be nice if” task; it’s critical to your survival!

Every positive article or photo published in the daily newspaper, every favorable one-minute clip on the early evening news, every complimentary mention in some specialty newsletter or magazine is FREE! Sure, it may cost a little bit of staff time, some duplicating and postage expense. But it did not cost you anywhere near the big bucks that the same number of column inches in the newspaper or the same amount of airtime on the TV news would have cost if you’d paid for it like advertising.

For example, a half-page ad, which is about the same amount of newspaper space as a good sized feature story, will likely cost $500 to $600 in a small town daily, perhaps $1,500 in a newspaper in a medium-size market, and as much as $3,000 or $5,000 in a large metropolitan newspaper. If you had to pay for a one-minute story on the TV late evening news like an ad, it would run you $200 to $250 in a small market, $500 to $1,000 or more in a medium market, and $2,500 to $4,000 in a large urban market.

State and local tourism promotion agencies generally spend most of their budgets on writing and sending out their own news releases and on bringing in travel writers and editors for what are called “familiarization tours” (known as “fams”) to generate articles and feature stories about the state or local area’s attractions.

Yes, they do run paid ads from time-to-time in selected media, but this is generally only a fraction of their over all promotional budget. A state tourism agency I’m familiar with did a cost vs. return analysis on their publicity efforts. Over the years, the bureau kept records of the articles and TV features that appeared as a result of its efforts; it estimated that there had been about a 4 to 1 benefit to cost ratio. In other words, if the tourism bureau had paid for the “free” editorial space and airtime it had received, like advertising, it would have cost four times as much as it had spent on the news releases, media kits, and “fam” tours. That’s not a bad return on investment.

2. You get much more “bang for the buck” in terms of audience attention with editorial coverage. This is a kind of corollary to number 1, the opposite side of the same coin; only here the focus is on audience attention rather than on dollars spent. What I’m suggesting is that on an inch-for-inch basis (using print media) or a minute-for-minute basis (using electronic media), you will get far more reader or viewer attention from free editorial space or time than you will from an equal amount of paid ad space or time. In other words, they — whoever it is you’re trying to reach — will be much more likely to actually see, and even more importantly, pay attention to your message if you are able to deliver it through a positive mention in the newspaper or on a TV newscast than they are through paid ads in the same media.

Just think for a moment about how you read newspapers and magazines, or how you watch television or listen to the radio. If you’re like most people, you read most of the articles (or at least the headlines) in the newspaper but at the same time, skip over the ads. That is, unless you’re specifically looking for something. For example, you need tires so you look for an ad from someone who is having a tire sale; you’ve been thinking you need a new sport coat and you notice your favorite shop has announced its new spring arrivals; only then do you notice the ads. Or you watch the TV news stories with interest but pick up the paper and read a few paragraphs or carry on a conversation with your spouse or go to the kitchen (or bathroom) or just hit the mute button during the commercials! Sound familiar?

I know of a small manufacturer of a specialty garden tool who has tried display ads in various gardening magazines, but finds he gets two, three or more times the number of responses results, in terms of inquiries or actual orders, from just one mention in one of those same magazines’ new products columns.

3. It’s just good sense to build your “bank account of goodwill” with the media and the community. If it’s true we’ve moved into a new era of competitiveness in the economic marketplace, perhaps it’s only slightly less true to say that we’re also entering a new era of contentiousness in our organizational and personal relationships. Individuals and organizations seem willing to sue one another at the drop of a hat. Advocacy and special interest groups, with their “in your face” confrontational approach to everything, sprout with the ease of dandelions. The Internet has become easily the world’s most powerful word-of-mouth medium (read that as “rumor mill’), where anyone can say just about anything about anyone else, and often does. Legislators promulgate laws that run to 1,000 and more pages. And regulatory agencies issue voluminous and highly technical manuals of rules and regulations on practically a daily basis. And, of course, the media seem to delight in reporting corporate scandals and controversial issues.

What seems to be emerging is a new expectation of corporate and institutional accountability on the part of the public. Perhaps it’s the long-term fallout from Watergate, Three Mile Island, and, more recently, Enron and Worldcomm, in which there was a perception that the politicians or corporations involved were less than open and honest in their dealings with the public and the media. This perception contrasts especially with the public’s highly favorable attitude toward Johnson & Johnson after that company’s enlightened handling of the Tylenol tampering case in 1982.

It seems clear that if it hasn’t happened already, we are certainly nearing the end of the time when even small local businesses or organizations can get away with a “just leave me alone to do my thing” attitude toward the community and the media.

Sooner or later, every business is likely to need something from the community: a zoning change to put up a new building, a variance on a sign ordinance, a city (or county or state) economic development grant (or loan guarantee) to create more jobs, a long-term lease to use city property for storage purposes, permission for a new curb cut, or an extension to a street or alley to improve access to its property.

All these “needs” involve an approval process that almost invariably includes a public hearing, with the opportunity for interested or affected parties to have their say. Very often that “say” takes the form of virulent and totally unexpected opposition.

Now, I’m not suggesting that a regular program of positive publicity for your business will guarantee that you’ll never be faced with neighborhood opposition to your request to rezone a piece of property so that you can build an addition to your building or that some local advocacy group will never issue a critical statement to the media finding fault with one of your policies or procedures.

However, what I do suggest very strongly is that a diligently conducted publicity program that regularly generates favorable coverage in the media is like building a bank account of goodwill with the community, the media, local government and even regulators. Even if it can’t altogether head off any given controversy – and, anyway, how would you ever know if it did? – it may well mean that you’ll at least get less hostile, and perhaps even favorable, treatment in the media, which in turn means less harsh treatment in the court of public opinion.

4. You simply have a right to more media coverage. As a business or organization that involves people and interacts with the community, you simply have a right to more space or airtime than you are probably now receiving. It’s part of the fundamental openness of the democratic process. The fact is, most businesses or organizations do not get their fair share of media coverage; usually because they haven’t bothered to tell the media about the interesting and legitimately newsworthy things they’re doing.

When I was a newspaper reporter, I always looked forward to doing feature articles on local businesses for the traditional year-end special section — we called ours the “progress edition.” I was constantly amazed at the many fascinating and previously untold story ideas I discovered in virtually every business or organization I visited. When I would tell the folks at the business, “This is a great story! How come you never told anyone about it?” they would look at me disbelievingly and answer, “Gee, we never thought anyone was interested.”

I think it may be one of those “can’t see the forest for the trees” things. As a business or organization that is involved in its activities on a day-today basis, there doesn’t seem to be anything unusual or noteworthy about those activities. You take for granted that if you’re familiar with your activities, everyone else is as well. But the fact is, most small businesses and organizations have many reasons for sending out a news release, a topic we’ll explore much more fully in the following chapter.

5. It’s free! For often capital-poor small business start-ups, the free publicity that is available through the media may be the only way they can afford to reach the public. Charles A. Hillestad, who, with his wife, is the owner of the Queen Anne Inn, says he used “audacious” public relations to help launch their ten-room bed and breakfast operation near downtown Denver, Colorado, according to an article in Marketing News.

Hillestad was able to generate mentions of his inn in such prestigious publications as the New York Times, as well as in Inc., Elle, and Bridal Guide magazines. Among the various “tricks” he used to generate free publicity was sending articles about the inn to magazines outside of the travel industry. For example, by customizing articles to the specific editorial approach of each magazine, like focusing on the inn’s antiques for an antiques magazine, or sharing some of the inn’s recipes with a food publication.

6. It’s more believable (and more memorable). Even if your business can afford to and does use paid advertising as a promotional tool, you should still make the maximum possible use of publicity. Why? Because people simply have more faith in what they read in the editorial columns of a newspaper or magazine and in what they hear from TV or radio commentators than they have in paid advertising.

News is more believable than ads. Everyone “knows” that ads are mostly fluff and hype (read that as exaggerations, if not outright lies). And everyone “knows” that if you read it in the newspaper or see it on TV the news that somebody has (more or less) checked it out and that, therefore, it’s (more or less) “the truth.” Now, I recognize that both of those statements are gross over-simplifications, but I would also suggest that it’s a pretty accurate of our general reaction to news and ads.

What’s more, news articles are generally more memorable. My friends Xochi (pronounced so-chee) and Mitch Pannell opened their flower and gift shop several years ago. Just as their grand opening date neared and they were eagerly anticipating the arrival of their inventory, UPS went on strike. With their opening just days away and their shelves virtually empty of gift items, Xochi called the local newspaper, who came and took a picture of the couple looking anxiously out the front window of their store hoping to see a UPS truck. The photo ran on the newspaper’s business page under a headline that said “Where’s UPS?” What is interesting about this little anecdote is that now, years later, people still mention that photo.

7. You can definitely “sell” with publicity. Sales pitches are by no means limited to paid advertising. I return to the tourism agencies, and, by extension, the entire hospitality industry, mentioned earlier, as a classic example of what I mean. Just look at how effectively they have used positive publicity as their primary sales tool over the years. Make no mistake about it, all those rah-rah feature articles about fun places to go in a travel magazine, and all those favorable restaurant reviews in a newspaper are most certainly selling you on those spots as somewhere you should visit.

What’s more sales-oriented than a direct-mail catalog? Most generally it’s nothing but ad-like pitches for some company’s products, right? But take a look at the Patagonia catalog, a highly successful outdoor clothing and equipment mail-order house. You’ll find page after page of “articles” written by staff members and customers about their adventure trips where they used their Patagonia clothing and equipment, rather than the more conventional photos or drawings accompanied by a description of the product and the price. Patagonia catalogs are avidly read and jealously guarded, more like a treasured magazine than just another mail order catalog.

8. Publicity can even generate revenue. More than one organization has successfully converted its free-distribution newsletter, originally published as a public relations or promotional tool, into paid subscriptions. This has been a particularly successful approach in the health and fitness industry.

In addition, there is always the possibility of putting together a collection of articles you’ve generated and originally distributed as news releases to generate free publicity into a pamphlet or booklet and marketing it. For example, this might work well for a how-to business, such as a hardware store or home center. Finally, sometimes you can even get paid for writing an article for a magazine or journal, especially if you have some unique expertise to offer (see item 12 below).

9. Regular exposure in the media legitimizes your business. As mentioned earlier, there is a subtle but nonetheless very real perception people have that if something’s in the paper or on TV it must be important. The media themselves foster and promote this attitude because it makes their role seem more important, more indispensable. If your name shows up regularly in a positive way in the media, it helps pave the way for when your business goes to see the bank for an expansion loan. Regular mentions in the media say to the community, “We’re here to stay. We’re neighbors contributing to the economic well being of the community. We’re not some fly-by-night outfit that’s here today and gone tomorrow.” Regular mentions of your business and its people adds to your prestige, your credibility, your stature.

10. It can help you recruit good employees. You might think this item ought to be included under the last one, but actually it deserves stand-alone status because it’s going to become increasingly important in the years ahead. Changing demographics and life-styles suggest that there will be increasing shortages of skilled and experienced workers in many fields.

So, when you run your ads in the classified section or post a job to an online job bulletin board for the people you need to hire in order to expand and grow, what’s their reaction going to be? Are they going to recall reading and hearing positive things about your firm and therefore think, “Yeah, that’d be a good place to work. You can get ahead there; they always seem to be promoting people. They seem to be interested in their employees. Wasn’t there something in the paper about a new training program they just aalunched?” Or is their reaction going to be something like, “Why would I want to work there? I’ve never heard of them.”

11. You can do it yourself. If you don’t have a background in marketing and promotional work, successfully generating favorable exposure through news releases is easier to accomplish on a do-it-yourself basis than through paid advertising. A paid ad campaign, especially if it involves a highly competitive marketplace and extensive use of mass media (particularly TV), requires a good deal of sophistication to be effective. With publicity, you can “dash off” a basic news release and still get the attention to a reporter or editor.

12. You can become a media “source.” Finally, it’s simply a good idea to develop relationships with the media in the same way that it’s a good idea to develop other kinds of friendships in the community. Today’s buzzword for this is “networking.” The fact is, writers and reporters are always on the lookout for “sources,” especially at the local level. For most reporters, especially at the local level, nine out of ten of their “sources” are people in various specialized fields whom they have come to know and trust and whom they call on for background information to help them understand a complex issue they’re reporting on. In many case, a “source” is quoted directly, thus giving yet another positive plug to the business or organization the source is affiliated with. But, even you’re not quoted directly in the story, think of the important influence you could have on how the media reports information vital to your field.

Publicity is free or very low in cost, especially by contrast to paid advertising. Publicity is a very powerful promotional tool, perhaps even more powerful than advertising. Your competition is probably not utilizing publicity as a major part of its promotional program, since so few small businesses do. And publicity is relatively easy to accomplish, in fact, with the right approach, the media will very likely do most of the work for you. With all these advantages, how can you not take a good look at implementing a more proactive publicity program?

Reasons For The Failure Of Your SEO Services For Your Business

SEO services are the key factors for the development of any business. And thus, it is also necessary to go through the services applied and then return received from it at a regular interval of time. Just simply hiring SEO Los Angeles is not the end of your task. Maintaining the services is also important. But how can one know whether the services are working for their company or not. Following points will give you hints whether the SEO services are working or not.

Giving less time to it

SEO is not the job of few hours or days. It takes several months to develop the website or SEO to the level of success. Appropriate time should be given to the services. A lot of time and money is to be spent for Search Engine Optimization services to make it working positively for the company. Also after it starts working, you need to spend time for its maintenance.

Redesigning of website

When you do not receive enough clicks from the links built, old design of the site, poor content, etc. your site lacks digital marketing services. For this, the site should be hence redesigned so that it receives enough feedback. Also of your site takes much time to load, it requires a new design which is search engine friendly.

Old SEO techniques

The SEO services should be regularly updated. The use of old techniques and tools gives you poor ranking on the Google and other search engines. Hence, the tools used for the determination of the search engines should be regularly updates along with the keywords and content.

• Poor response

When you do not receive appropriate traffic from the links and SEO services used, it shows the lack of Search Engine Optimization services. The website when does not respond to the clicks by loading with appropriate speed, gives less details, etc it is a sign that you need to update your SEO services. The irresponsible website will not gain you actual and appropriate clients due to poor links.

Poor social media services

The social media gives the website a large number of clicks. When the social media advertising is low by any SEO services, it doesn’t help the website to get enough traffic. The links created to the social media sites like Facebook, Twitter, Google mail, etc. it doesn’t work effectively for the website. Hence the necessity to develop proper links arises.

The SEO services when do not respond to the website by giving proper business, it is time to check and redesign the website or links for gaining attraction of the search engines. For this, it is necessary to give time and maintain the SEO services.

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