Books by Susan Gunelius and the Women On Business Writers

Suze Orman Personally Addresses Women on Business Readers

Archive for Online Business

Uncle Sam wants small business entrepreneurs to lead the nation to economic recovery–and has billions of dollars to make it happen. Small business owners are in line to receive low-interest loans and government contracts through the American Recovery and Reinvestment Act (ARRA). To secure your little corner of the recovery, you’ll need to be at the right place with the right business plan.

A  Roadmap For Recovery

Stimulus dollars are headed toward businesses that support these Recovery Act goals:

  • Healthcare: Modernize the healthcare system with electronic medical records systems.
  • Energy: Promote solar power, renewable energy, smart grids and develop domestic energy sources
  • Green Building: Build energy-efficient homes and public buildings
  • Science and Technology: Promote scientific research and innovation
  • Transportation: Upgrade the transportation infrastructure with new roads, bridges, and mass transit systems
  • Education: Improve public schools and job training

The Recovery Act envisions a smarter, more efficient, more productive future. If your small business plan can move the nation forward, you’re a step closer to winning Uncle Sam’s financing and support.

Ten Best Cities to Stage an Economic Revival

Location is the other piece of the stimulus puzzle. To ensure that funding reflects local priorities, the White House is leaving ground-level decisions to state and local authorities. Winning the funding game is a matter of finding the right combination of business plan and place.

The following cities are leading the economic revival in their recovery sectors:

Washington, D.C

With the highest per capita spending across all industries, Washington, D.C. offers the broadest scope of recovery-funded business opportunities. For funding in education, healthcare, construction, urban development, criminal justice, and the arts, look inside the beltway.

Boston, MA

Innovative entrepreneurs will find fertile ground for their ideas in Boston. Ranking third in Popular Science’s list of ‘America’s Greenest Cities,’ Boston is putting its recovery money toward clean-energy initiatives. Partner with local R&D brainpower to start your own clean-energy venture. Equipment leasing and a government grant can help you secure the lab facilities and scientific talent to get the ball rolling.

Detroit, MI

With the auto industry and heavy manufacturing in decline, Detroit is using its stimulus dollars to combat soaring unemployment. Help the city’s manufacturing workforce transition to the information economy with a placement service. Your federal small business loan can fund a call center and answering service, linking local talent to employers nationwide.

Anchorage, AK

Alaska’s military funding amounts to $313 per person, twice that of the next highest recipient, Hawaii; by contrast, most states spend $20 or less per person on military contracts. Take advantage of the military spending with a civil construction company. Equipment leasing can help you gear up for construction projects on Anchorage’s two active military bases.

Charleston, South Carolina

Charleston, SC is among the nation’s funding leaders for green building ventures. ”Greening” federal buildings is a focus of the recovery effort in hurricane-prone Charleston. A green business specializing in the retrofit of federal buildings has great potential to win Uncle Sam’s support.

Providence, RI

Providence’s major hospitals make the city a hospitable environment for healthcare stimulus funding. Capture those dollars with an electronic medical records business. E-commerce solutions offer a low-cost storefront from which to launch your electronic medical records venture.

New York, NY

With the financial sector reeling, New York is counting on technological innovation to save the day. Specifically, the state is pinning its hopes on small business, with a portion of federal R&D funds “set aside for small business to develop and commercialize innovative technology.” You don’t need to be a scientist to benefit from science money. A content writing service, for example, plays a valuable support role in product development. To get started, market your services online with a SEO friendly Website design.

Cheyenne, WY

Wyoming ranks number one in per-capita stimulus funding for the arts. Set up your own art studio in Wyoming’s art capital, Cheyenne. Then expand your following with a world-class Web design. Internet Marketig tools such as pay-per-click (PPC), social media marekting can help you represent artists from Cheyenne to China.

Jersey City, NJ

New Jersey is putting its money on the state’s public infrastructure, leading the nation in per-capita funding for transportation. Win a highway repaving contract, rent equipment through a leasing program, and play your part in rebuilding the country–one mile at a time.

Jackson, MS

If your specialty is education, head to Jackson, MS. Mississippi is throwing a lifeline to its K-12 education system. Tap into funds earmarked for improving educational standards by setting up a standardized testing service for Jackson’s public schools.

The White House is looking for a few good entrepreneurs to lead the nation out of economic slump. Between expanded Small Business loan programs and Recovery Act contracts, Uncle Sam is there to help your business succeed.

Perhaps it’s because of women’s hard won reputation as excellent multitaskers.  Or perhaps its because we all panic that if we don’t put in our two cents instantly, we’ll be ignored.  But whatever the reason, too many of us have gotten into the nasty habit of being “overly responsive.”

As soon as our Blackberrys vibrate or we hear the ping of a new email arriving in our inbox (the tiny envelope icon lingering in the bottom right corner of the computer monitor, taunting us), most of us drop whatever we’re doing and check it out – eager to respond first, or at least to have the option to be the first to weigh in.

But, I’m here to tell you that it’s time to stop.  Sure, there are times when major projects are reaching completion or you’re waiting to hear back about an important issue with one of your clients, so you need to be instantly accessible.  But, most of the time, you don’t need to drop everything at the first sign of an email communication.  In fact, waiting might actually help you.

Here are five reasons to wait before checking your email for the twentieth time this hour:

1. Your productivity suffers
Sure, you’re a great multi-tasker.  That’s how you got to where you are today.  But, more and more studies are showing that each time you take a break from your work (especially if you’re working on something mentally intensive, like writing a report or creating a presentation) it takes you much longer than the ten second email break to get your brain back into work mode.  That’s why sometimes things that should take you an hour wind up taking three.  So, I like to institute no-email blocks in the day where I’m doing my most intense writing.  Then everything gets done faster and better.

2. Sometimes, time can actually help you
Have you ever stepped away from your desk for an hour, only to come back and see a huge chain of emails between a few of your staffers?  You read through the chain thinking, “uh oh, what did I miss?” only to discover that a minor problem both appeared and was resolved in the time that you were away? I think we all want to think that our input is needed (most of the time it is, of course!), but if something truly urgent happens, I guarantee you’ll get a call if you need to weigh in.  Otherwise, let your staffers figure out problems on their own, it’s how they learn.

3. The quick answer isn’t always the best answer

The pressure to respond instantly to emails can definitely be intense, especially when a heated debate is rapidly unfolding in cyber-space.  But, like above, sometimes it’s best to wait until clearer heads prevail.  If it looks like a fight is beginning to emerge, the last thing you want to do is hop in and fire off an angry email that could haunt you for days.  Step away from the computer and wait until cooler heads prevail.  You’ll be glad you did.  In fact, since people are often more likely to be agressive via email than in person (it’s easier to hide behind the screen), you might be better off not responding at all and just setting up a meeting to talk the issue through.

4. It sets a precedent that you can’t escape from
In a lot of ways, email can be a trap.  Once people get used to you responding to everything within minutes, that cycle can be hard to break.  And, that’s how we get into situations where you spend your vacation with the Blackberry strapped to your ear or find yourself waking up in the middle of the night to check your email.  I find that the best way to handle this is to be honest about when you will respond.  Tell people how available you’ll be (or won’t be) during vacations and be clear about who can handle issues in your absence.  And, as for every day, set aside a few times during the day when you’ll check/respond to email.  There’s no reason that anyone needs to be kept waiting more than an hour or two and this still gives you solid blocks of time to do the “real” work.

5. It can give the image that your time isn’t as important as someone else’s

Think about it.  If you can take the time out of your day to respond instantly to every single little issue that comes up, what else are you doing?  Anyone who’s ever been frustrated because their boss took a day or two to respond to an email knows that the reason that they’re frustrated is because the person their waiting on is “more important” than they are.  Remember how much your time is worth, and allocate your work accordingly.

Read more from contributing writer Jennifer Lee Johnson on her personal finance blog, The Next Rich Girl, or follow her on twitter.

Becoming the Media & Reaching the Most Elusive

Have you been staring at that list you made of Powerful Connections to keep in touch with, trying to figure out how you should reach out to them next? (See last Tuesday’s blog for a refresher on who your Powerful Connections are)

Do you need a new and unique way to connect with them?

Become the media. One great way to connect with those on your Powerful Connections list is by “becoming the media.” Members of the media interview others, write articles, and host radio and TV shows.

Want to hear the good news?  You can do this too – all from your desk.

Here’s How:

Today, thanks to the magic of social networking, you don’t have to be a trained media professional to interview those with whom you’d like to connect. Use a web-based company called Blog Talk Radio (www.blogtalkradio.com) that anyone can use easily (and for free). Basically, it allows you to host your own real, professional, and very awesome radio show. You can link to your shows from your website, people can listen online live or archived, and they can even download your show to their iPods! The key is, you can use this medium to reach out to people on your Powerful Connections list. Just call them up (or email them) and ask if they would let you interview them about their successes.

Want to create your own series of video interviews with your Powerful Connections? Set up a webcam on your computer, and through Skype (www.Skype.com) and an onscreen recording program like Jing (www.jingproject.com) you can easily perform video interviews with your Powerful Connections around the world (without the costly phone bills)! This is a great way to get some face-to-face time with those you seek to continue to build relationships with. These videos can easily be updated to your website, blog, and YouTube channel.

You’ll find that most people will be flattered and more than happy to accept an interview. The best part is that you will have permanently opened up a previously closed door to developing a powerful connection for you! And by promoting the interview via Twitter, Facebook, and other social networking sites, you will both get a lot of exposure from fellow businesspeople as well as from potential and current clients.

Next Tuesday:  Gaining Strong Advocates for You and Your Business through an Advisory Council.

Oct
28

Pitching the Media Correctly

Posted by: Kristin Marquet | Comments (2)

Part 1 of 7

It doesn’t matter whether you’re a seasoned PR professional or a newbie, you’ll need to know how to pitch the media correctly if you want to get publicity, interviews, articles and write ups about your business. 

With all the bad pitches and PR spamming, it is time to teach you how to do it the right way.  By pitching the media correctly, you will see your name in ink in no time.  Trust me, when I first started, I hadn’t a clue as to how to draft a pitch, but now I’ve become a media professional.  

  • The first and most important things you need to have are patience and persistence.  The media gets flooded with millions of pitches per day. 
  • You must know your story inside out and backwards before you even attempt to build a media list.  Get every angel of the story covered by conducting interviews with the people involved, industry professionals, and any other research you can find.  Pursue the story as the same way a journalist would. 
  • Create variations of the story for different media outlets, but don’t embellish.  Keep each variation concise and to the point because media professionals do not have a lot of time to review your story, if it is as long as a book. 
  • Research each contact at each publication you think would be interested in your story.  Read the journalist’s work to determine what he or she is looking for.  Research and find out their writing style and contact preference.  Keep a top ten list of the journalists you think would be interested in covering the story. 
  • Test your pitch with one or two journalists.  You can email or call the journalist.  Keep the pitch to three or sentences at most if you call.  Keep in mind that most journalists preferred to be contacted by email.
  • Offer an exclusive story to your preferred media professional.  The more compelling your story, the better chance it has getting picked up. 
  • Most journalists get dozens of pitches per day, which is why good follow up skills are essential.  You should follow up in a day or two after you sent the first pitch.  It is very rare a story gets picked up with one pitch.  If you haven’t heard from them, then follow up with a phone call.  Don’t afraid of being annoying, just tell them you are working on a strict deadline.  If they are not interested, they will tell you.
  • If you did not have any luck with that journalist, let it go and re-prioritize your list.  Continue moving along because the more persistent you are, the more successful you will be.
  • If you want to strengthen and polish your pitching skills, start with the local media because they are more likely to work with newbies. 
  • Once you build a strong portfolio of press clippings for your business, you will be able to create a media kit and send it out to larger publications that may be interested in covering your story.

For assistance with developing a pitch, creating a pitch letter, and creating a media list, contact Kristin at km@marquet-communications.com,

The Internet is saturated with content, sales pitches and products.  As a result, you have to make your business standout from the rest of the businesses out there.   Squeeze pages are one of the best ways to do this.  They are mini web pages with opt in forms to catch the name and email addresses of prospects.  They are used to build email subscriber lists. 

 Your squeeze page should look something like this:

Use a headline (in red size 18 or larger font), a sub-headline (in black size 16 or larger font), followed by 5 to 7 bullets (in black font)

Keep your sales copy concise.  The entire objective is to get the prospect to sign up through the opt in form

Use 200 to 300 words on the page

Use headline generator software to help come up with compelling headlines

Use a keyword selector tool to help pick the best keyword search phrases for SEO purposes

Use video to personalize your message.  This helps you connect with prospects.  (Check out www.marketingmakeovergenerator.com)

Use product or service benefits as bullet points

Use a simple opt in form from www.aweber.com, www.constantcontact.com or www.verticalresponse.com

Adding bonus products with (high perceived values) will help convert prospects

Use a privacy policy.  Let prospects know that you respect their privacy and will never sell, rent, or lend out their personal information

If you’re in a market where prospects are used to filling out opt in forms, consider using a longer squeeze page.  You have to sell prospects to opt-in. 

Use a strong headline and sub-headline

Highlight all of the benefits of your product or service. 

Answer these questions:

How can your business help your market?

Why is your business better than the rest?

What are you offering?  Make sure it is something that is useful.

Comments (1)

While creating your annual marketing plan, using a combination of elements (4 from the marketing mix) is the key to success.

 The marketing mix contains four elements.  The combination of the four elements is used to satisfy consumer needs and company goals, stimulate consumer interest, and generate sales. 

 1. Product/Service – what are you trying to sell?

2. Price – how much will it cost in contrast to competitors in the market?

3. Place and distribution – where will it be sold and how will it be delivered?

4. Promotion - how will you deliver the message to the market – advertising, public relations, direct marketing, or online marketing?

 By arranging these four elements in a variety of ways, it will help you determine the highest return on investment.  You might have to use a lower price, offer a coupon, and/or give a way a free-gift with the purchase in one market, while pricing the product/service a little higher and using nicer packaging in a sophisticated market. 

 The key to success is to try various element combinations, because it is unlikely using only one mix will generate the results you want. 

A few tips on marketing:

Test, test, and test your product/service in various market segments within your target market

Offer a coupon with the next purchase on one test and use another call to action another test to see which offer generates the best response

Make your business stand out in the crowd by making yourself accessible to prospects and existing customers because most other companies will not

Understand your market’s buying behaviors, needs, wants and give them what they want.

Make sure all marketing material messages are consistent because you don’t want to cause confusion. 

Make sure the product/service’s positioning is not contradictory.

The tone of all marketing materials should be consistent.

A brand’s colors must be consistent.

Test all combinations to see which combination yields the best results.

Make the USP stand out.

If you need designing your marketing mix for your annual marketing plan, email Kristin at km@marquet-communications.com for more information.