Wednesday, November 26, 2008

Maryland Arts and Crafts: Not Just Hobbies!

By Chris Blackerby

Do you feel that your arts and crafts are ready for the next step? Maryland trade fairs and festivals may just be the opportunity you've been waiting for. Every year, dozens of crafts events and festivals in Maryland turn small-time hobbyists into budding entrepreneurs by showcasing the products of their talent to be seen and appreciated-and quite possibly purchased!

Maryland trade fairs and festivals encourage talented mothers and businessminded housewives to exhibit the fruits of the activities that they enjoy doing: needlework, cooking, and many others, while also providing a means for these women to augment their family income. By showing off their crafts in Maryland festivals and trade fairs, they get recognition for their talents too.

The question is, how can you start your own hobby-based business? You have your own family to look after, and not to mention the various day-to-day activities that would surely be thrown into a messy heap if you try to squeeze a business in. The solution is the Maryland trade fairs and festivals database. It's the organization tool that will seamlessly incorporate your business into your life.

The Maryland trade fairs and festivals database is all you need to get your business organized. A quick referrence will be enough to plan your show months in advance, as the database presents you with a concise calendar for all of Maryland's arts and crafts events so you'll never need to compromise your time for your business.

The Maryland trade fairs and festivals database also fills you in on the little details that will make your business experience more fluid and managable: reservation deadlines, registration fees, and other requirements. The database truly gives you all the information you need to start, and then some! You'll be starting your arts and crafts business in no time.

So go ahead, take the chance and start earning from your hobby and talent right now. Everything you'll ever need is provided by the Maryland trade fair and festival database so you can start on this profitable adventure as soon as you are able. Indulge your sense of adventure, and it just might pay off! - 15246

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The Ins And Outs Of Properly Managing an AdWords Campaign

By Brian Basch

It is not as easy as you may think to run a successful Adwords campaign. It is far more than just building a short ad around a keyword. There is no doubt that these 3 line ads do make money. However good management is the key.

There are many things to look out for; click to sales conversions, costs and bid comparisons to name just a few. Above all you must be prepared for fast action and changing things on the fly.

The sooner you jump on the problems the better. When you fix up small problems you will stop them from getting bigger and costing you a lot of money. One of the most common mistakes Internet marketers make is to create an Adwords campaign and forget about it. This will spell disaster for your campaign and advertising budget.

One of the most important aspects of your Adwords campaign is positioning of your ad. You will do this by comparing your ads position to other ads built around the same keyword. Bear in mind that popular keywords can bring up literally 100's of results pages for a searcher. Your success will be dependent on your ad being able to draw a huge number of potential buyers. To achieve this you need to gain maximum exposure.

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In order to get a good position in the search results you will need the necessary skills to bid correctly. Budget and competitor bids will help you to decide how much to spend. When you bid on frequently searched keywords you will get plenty of traffic but also a number of useless leads. This means that you will need to assess the click to sales conversions carefully, and understand the costs involved.

It is critical to track how many potential customers and sales are being generated by your ad. Many clicks and no sales mean that your ad will need adjustment. You can do this by changing the keywords or just changing the format of the ad. Attention to each and every detail is essential for managing a successful Adwords campaign.

Google provides you with excellent tools for tracking your ad. In fact if you sell your own products and services you can even track sales conversions from your campaign. With your keyword list in your campaign you can see exactly how many clicks each keyword is generating.

So remember these important points, when you use Adwords. They will help you to be successful and run a profitable campaign. A little time spent on your campaign will reap big profits for your business. - 15246

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IRS and Congress Urge Small Business for Family

By Terry A. Sacia

Are you finally tired of paying taxes and still struggling to make ends meet while the government spends money on crazy programs that you can perceive zero value in, then stop paying taxes! Okay, so you probably shouldn't just stop paying taxes. We were just kidding since tax evasion is something the U.S. Government takes pretty seriously. But there are tax laws that were written to help you keep more of your money working for your family. The number one way to do that is by starting a home business.

No investment capital and short on time? Or you just don't know what you don't know. The tax advantages of operating a home business can save your family thousands of dollars every year EVEN IF YOUR HOME BUSINESS DOESN'T MAKE ANY PROFIT. There are thousands of excellent home business options that cost little or nothing to start. If you need inspiration, enter "network marketing business ventures" in a Google search.

HIRE YOUR CHILDREN: Give your children a legitimate job in your business. They can do research, print fliers, sort mail, or whatever other age appropriate task you can give them. You can put your child on your payroll TAX FREE to both you and your child. You merely have to limit their income to something close to $5,000 annually. The catch is that you really have to pay them, but then it will be their responsibility to buy trendy clothes, purchase special food treats, pay for transportation, school tuition, and karate, et cetera. We're not suggesting they begin paying for their normal care, but many extra's they want in life can become their own responsibility.

2) NEVER GO ON ANOTHER VACATION: Every time you get more than 75 miles from home, you could legally be on a business trip. Make sure you do business though. If you have invested in a network marketing business, surely, there must be some people at Disney World or Universal Studios who would love to know about this unique business opportunity.

STOP RUNNING ERRANDS IN YOUR CAR: If you need to go to the store, do something business-related and write off each mile. Maybe you are running low on paper or pens for your business office or maybe you need to pick up a few more leads off the bulletin board.

GIVE UP YOUR PERSONAL CELL PHONE: It is now your business phone, so make sure to use it when doing business. There may be some catches with this deduction like, do you have a personal phone number at home?

TURN YOUR GUEST ROOM INTO A BUSINESS CENTER: Now that you have an office at home, make sure you have got gas, electricity, lawn service, a supply of coffee, and someone to pay a rental payment to.

This is just the tip of iceberg. The advantages of a home business are too numerous to mention in this short article, and besides, you have got things to do. There is a network marketing company with a product or service that you would love to let other people know about that is waiting for the opportunity to change your life. Go find it, and then tell Uncle Sam that he's not getting quite as big of a Christmas gift this year. - 15246

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Tuesday, November 25, 2008

Roadmap to a Customer-Centric Strategy

By Amy Nutt

Part of the appeal of customer-centricity is that it takes very little business acumen to grasp its core concept. Focus intensely on customers, align your products or services with their interests, and voila: a customer-centric culture is born. Simple, right? Not quite. Becoming a truly customer-centric organization is perhaps one of the most difficult transitions an organization can make, fraught with hidden obstacles and unanticipated challenges. Here are three potential roadblocks on the path to a customer-centric strategy, and how to get around them.

Failing to understand your most valuable customer A customer-centric strategy is only as good as its customers. You cant let the average customer dictate what you do, says Robert Duboff, CEO of Hawk Partners LLC and coauthor of the book Market Research Matters. Generally speaking, Duboff says, 20 percent of a company's customer base generates 80 percent of its profits. Given that split, its imperative to put your most valuable customers at the heart of your approach.

Identifying those customers need not take exhaustive research and complicated measures. It can be a fairly straightforward process, as it is with the Net Promoter Score, or NPS, a metric developed by Bain & Co.s Fred Reichheld. As set forth in The Ultimate Question written by Reichheld and published by Harvard Business Press the NPS approach consists of one simple question: On a scale of one to 10, would you recommend us to your friends?

Based on the answer to that question, customers are segmented into three categories: promoters, who actively champion a particular product to their friends and colleagues; passives, who are lukewarm about the product; and detractors, the opposite of promoters. A given company's score is simply the difference between its number of promoters and its number of detractors.

NPS has proven to be a powerful tool for such companies as General Electric Capital Solutions, which has used it not only to identify customers that are already valuable promoters but to gain insights into how it can convert detractors. For a business like GE Capital Solutions, which serves more than 1 million very diverse customers in many different industries, NPS helps us better understand what our customers are feeling and how we can improve their experience with us, says Stephen White, a spokesperson for GE Capital.

Failing to support your external customer-centric strategy with an internal customer-centric strategy Speaking of valuable customers, what about that most priceless customer of all your employee?

While most companies aren't in the habit of regarding their employees as customers, those seeking to instill a customer-centric culture should rethink their stance, argues Elaine Berke, president of Westport, MAbased EBI Consulting, which specializes in helping organizations develop customer-centric strategies. Customer-centricity needs to come from the inside out, says Berke. Leadership must avoid a double standard that makes it OK for managers to argue with or demean staff while still being courteous and considerate to external customers.

Consider the case of the world-renowned Johns Hopkins University Hospital. In developing a comprehensive Service Excellence initiative aimed at boosting its level of patient care, the hospital included employee satisfaction as a core component of the program. The hospital conducted an extensive survey to gauge employee concerns that turned up such simple, actionable insights as making it a point to compliment co-workers and instituting criticism-free no negativity days.

Customer-centric organizations value and respect internal customers as much as external customers, says Berke. Like the old saying goes, If you're not serving a customer, you're serving someone who is.

Failure to identify the moment of truth Companies spend considerable time and resources developing metrics for processes, execution and other day-to-day functions but often overlook defining their moments of truth those points at which a customer interacts with a company's product or service and forms an impression. Companies are usually very good at creating metrics around [such procedures as] production deliverables but have a much harder time knowing how to create and measure standards relating to the quality of customer service being delivered, Keith Bailey of Sterling Consulting Group says.

In defining a company's moments of truth, Bailey suggests looking at three different angles quality of product, quality of procedures and quality of relationships. Taking a hotel as an example, the quality of the product would be the cleanliness and comfort of the rooms. The quality of procedures would be such factors as how it long it takes to check in or how long customers wait for room service. The quality of relationship would be the friendliness and helpfulness of the staff.

Considering each angle separately allows a company to isolate the negative moments of truth within each and develop a game plan for turning them into positive experiences. Procter & Gamble, for example, identified its moment of truth as that instant when a shopper picks up one of its products and decides whether or not to purchase its decision the customer makes in an average of six seconds. The company has overhauled its marketing with that insight in mind, creating a global First Moment of Truth business team designed to win over the customer in that moment.

There are as many different customer-centric approaches as there are customers, and each has its own unique challenges, but the road to a truly customer-centric strategy always begins with the same steps. - 15246

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Does Franchise Growth Indicate a Successful Franchise?

By Rick Bisio

There are a lot of factors to weigh when choosing the appropriate franchise opportunity. Not only do you want the franchise to be a good fit for you - you also need to work with a franchisor that's going to be around for a long time.

How can you find out if a franchise system is sound? In the franchise book, The Educated Franchisee we believe in sharing knowledge. A little franchise education could be precious in this area.

One fundamental measure is the system's pace of franchise growth.

Too Fast: Quick franchise growth may seem like a good thing at first but it is possible for a system to develop too fast. It is important to be sure the franchisor has the people and systems in place to exhaustively supervise your training and on-going support. For example, if a system of 50 franchisees adds 30 additional franchisees in a year, the rate of franchise growth may be too fast.

Too Slow: If franchise growth is sluggish there could also be a problem. Why isn't the franchise attracting new people? Perhaps there are issues with the business model - problems that make it challenging for existing franchisees to succeed. When potential franchisees make 'validation calls' they may hear about problems and decide to look elsewhere for a business. Or perhaps the franchisor doesn't have the right staff and has to limit franchise growth. Either way, a lack of new franchisees may be a sign of an unhealthy franchise system.

Just Right: regular franchise growth over time is an indicator of good management and a healthy system. One way to gauge steady franchise growth is to determine the pace at which the franchise grew each year both in absolute and percent terms. To find this data for the past three years you can look in the Franchise Disclosure Document under Item 20 - the List of Outlets. All the data you need regarding franchise growth will be there for you in a clear, easy to understand format.

Rule of Thumb for Most Franchises: As a guideline for medium-sized franchisors, the number of franchisees brought each year should be between 10% and 35% of the total number of franchisees. For example, a company with 100 franchisees should have the infrastructure to add up to 35 new franchisees in the coming year.

Rule of Thumb for Large and Small Franchises: This method doesn't work for very large or very small companies, however, so when studying behemoth or boutique franchise systems consider the ratio of operational support personnel compared to new franchisees. A ratio of one support person for every 10-20 new franchisees tells you that new franchisees are probably getting the preparation and support they need to succeed.

Talk to Franchisees: But don't assume! It is decisive that you talk to existing franchisees. Find out about the training they had at the start and what they get in terms of on-going support. Do they find the staff to be experienced? Responsive? Does the franchisee feel at ease calling on them for help? Pay special attention to the information you glean from new franchisees. Your experience will most closely reflect theirs.

Meet the Support Staff: Generally, a serious franchise investigation finishes with a visit to the franchisor's headquarters to get final questions answered and meet the staff face-to-face. Spend extra time with the support staff. Make sure you are comfortable with their experience, competence, style, and ability to communicate, because you will need to work well with them and trust their advice on an on-going basis.

There are a lot of things to consider when researching a franchise business that will match your needs, but it doesn't matter how much you like the business if the franchisor isn't viable. Gather the franchise information you need and be certain the system you choose is growing and has a good number of satisfied franchisees. Franchise growth is a key part of your due diligence. Only a healthy franchise opportunity can support your long-term growth and success. - 15246

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Monday, November 24, 2008

How To Discover Awesome Keywords for Internet Marketing Research

By Brian Armstrong

People use keyword phrases to find information about what they want from the internet. More and more people are using the internet all the time and looking for exactly what they want. Your ability to get your message in front of that audience could significantly expand and grow your business.

Begin with a spreadsheet where you can keep a record of your keywords. If you begin with the most common keywords or keyword phrases that represent what you think people are searching for when you want them to find your website. This is the list that most everybody else that has a website has considered, so we need to take this to the next level with more specific keywords.

Once you've looked for those broad keywords, start looking for keyword phrases that match even more closely what you're going after. These 3+ word keyword phrases are usually known as "long tail" keywords. These longer keyword phrases usually represent an individual that is much closer to making a purchase or making a decision on a service.

With any of these keyword phrases that you've found, you'll need to determine how many monthly searches are done so you know which of these keyword phrases will be worth going for. Two great tools for doing this are the Google Adwords keyword tool and the free keyword tool at freekeywords.wordtracker.com.

When you have data about how many searches get done on these keywords, you'll need to cross reference the competition. You'll need to know how many other websites there are on the internet that contain your keyword phrase. Google has in its index a lot of websites and you'll be able to get some data on how many pages Google has where your keyword phrases are being used.

Google has some advanced search features that will tell you how many pages there are in its index that contain your keyword phrase in some strategic places. If you search with Google for the allinanchor or allintitle results, you'll have data about how often your keyword phrase is used as anchor text or used in the title of the website.

As far as what numbers you're looking for, go with a minimum search volume of 100 searches per day or 3000 searches per month. Of course, if you have a very specialized site, or something that doesn't require as much traffic, you may still be able to go for keyword phrases with less than 100, but make that your baseline. As far as competition, go for keyword phrases that have less than 10,000 allintitle or allinanchor. The higher the competition, the harder it will be to get your website ranked in the search engines.

Now that you have your keywords, you'll need to use those strategically on your website or your web pages so that you can get ranked in the search engines. Plan on using your keyword phrases in the title of the page, in the heading or h1 tags and then again as content in the page itself, usually about 3-6% "keyword density". After you've done this, work on getting some back links to your site, some links from other websites, such as social bookmarking sites. Obviously there's much more to getting backlinks and the other SEO components of what to do once you have your keywords. This is just the beginning. Good luck! - 15246

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Send Proper Email Messages to Your Marketing List

By Chris Blanchet

Building an e-mail list takes time and effort. If you have succeeded in building a list, you may have hundred or even thousands of names and addresses for people who are great prospects who are primed and ready to buy the products you sell. What a feeling of relief to have accomplished such a feat!

But what steps do you take now? Writing your first e-mail follow-up or broadcast to your marketing list can be ten times more difficult than assembling all of those leads!

In sending an e-mail, a lot of writers know what they don't want. They don't want to offend their readers. They don't want to come across as overly aggressive. And they absolutely don't want them to click the "unsubscribe" link.

One strategy that Responsive Tutorials teach in their E-Mail Marketing course is to switch between "content" and "marketing" when sending out your messages. This only will not only improve conversion rates, but will help in building trust and loyalty with your list.

As an example, try sending a content-based message first and omit any marketing or product pitching. Not only will you provide value to your readers, but when you follow-up with a message that promotes a product, you will improve conversion rates on your messages. This is particularly true if the product has a strong relationship with your prior message. But even more importantly than making a single sale is keeping your marketing list away from the unsubscribe link. Keeping them on your list will result in more sales over the long-term, especially as you establish more value and trust.

With more e-mails landing in your marketing list's inbox every day, Responsive Tutorials raises a great point. How do you not only make sure your messages get read (instead of deleted or overlooked) but how do you turn your readers into steady buyers who look forward to your e-mails? The other tutorials cover issues such as brainstorming, common e-mail marketing mistakes, and optimal message formatting. Their objective is to show you how to ethically transform your readers into a steady income stream.

At a price of $47, Responsive Tutorials offers a manageable, video course that is much more manageable and visual than any e-book on the market. The total running time of 48 minutes is just long-enough without being overwhelming, and is spread over 8 videos. Its best feature is its simplicity. As a bonus, Responsive offers a copy of Brad Callen's e-book, Search Engine Optimiation Made Easy, itself worth twice the price of the videos. Although Brad Callen has produced a lot of great marketing materials in the past, we are unsure about the quality of the book as it is, again, a bonus (we haven't reviewed it yet). - 15246

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