Networking and Winning Entrepreneurial Strategies – Review Your Target Niche to Find Ideal Clients

Author: admin  //  Category: Entrepreneurialism

Do you have trouble getting referrals (or clients)? You may want to deploy some winning entrepreneurial strategies.

Here’s the first major strategy: go back to the basics. Have you ever properly defined your target niche? If so, maybe you’ve been watering it down, and it’s time to review whom you’re targeting with your marketing efforts. If you haven’t, it’s about time to get started.

Here are 5 factors you should consider as you define or re-define your target niche — and all of them deal with analyzing what types of clients you already serve.

Begin by thinking of your current client list or the clients you serviced this last year.  What type of clients do you most enjoy working with?  Who are they?  What is special about them and why do you enjoy working with them?

The second factor -  What types of clients are most profitable for you to service?  Not everyone is.  Some sectors of your business, and maybe even some specific product lines or service lines tend to be more profitable than others.  Aim for those.

The third factor to consider is what types of clients are easiest to service.  Which ones are the low maintenance ones?  Which ones are in and out really quick?  Which ones can you find easily and service easily?

The fourth factor is the type or types of customers you most successful in servicing.  Who do you do your best work with?  Once again, it could be a product line.  It could be a service line.  It could be the nature of the client.  It could be where they are at when they come to you.  What specific problems they have that you can solve.

The fifth factor to consider is what unique skill set, industry experience, or expertise you have that aligns you with your customers.  What’s your background?  For example, my background is small business – I started an employment agency from startup and turned it into a $ 5 million company – and that helps me figure out who my niche is.  I love working with startups.  I love working with people who have been in business for five years or less.

So think about your background.  What skills do you have?  What experience do you have to align you better with your clients?  What type of clients would that align you with?  And those clients will be your ideal target clients.  Focusing on them is another key entrepreneurial strategy.  It ensures that you’ll enjoy your work — and will get many more referrals.

Ready to get better results from your own networking efforts? Why not download Sue Clement’s FREE networking tips as well as her teleseminar on networking and why it often doesn’t work. And then get ready to take your business to the next level: http://www.88networkingtips.com

Franchise Business Loan For Your Entrepreneurial Venture with Established Brands

Author: admin  //  Category: Entrepreneurialism

What are Franchise loans? These are financial assistance that you seek professionally from banks and finance companies for starting your own business in alliance with an established brand or company products and services. There are several well known established companies that have a variety of products and services with a huge and popular demand among the people. These companies enter in partnership businesses with those interested in starting their own venture with a popular name to ensure a steady client list of buyers. These are franchise outlets that are made and designed on the same lines promoted by the company.

There is a reason that franchise loans are often required for newcomer business enthusiasts. They need to meet the same standards that are specified by a large company and thus the finances are usually of a larger denomination.

Professional assistance becomes imperative.

These are a specific type of financial assistance that is given by banks and finance companies on the basis of a few pre-conditions. Primarily they will have to be convinced on the alliance and the brand name with which you are starting the venture. Popular and well known brands even by the name tend to gather finances easily. However the nature of the products and the services coupled with their demand in your region will be another factor to consider.

There is a sharing of business investment costs when you are seeking business franchise loans. The total costs will have to be specified by you to the company or the bank where you are seeking the finances from. On this there is a division either by three parts or in four parts with some companies. Either your share will be 1/4 of the total costs or 1/3 of the same.

This variation is the sole discretion of each loaning authority. There is also the involvement of collaterals with all types of finance companies and banks. A proper and well laid out plan of the business plan would always work in your favor. A word of recommendation from your main company could also work in your favor.

Business franchise loans are becoming increasingly popular with banks and finance companies as an area of investment. There are sections that deal with these specifically and address them with professional scrutiny. There is a great scope in many of these ventures that can earn profits on investments for the loaning authorities which they undertake seriously. The presence of collaterals considerably safeguards their interests in case of failures.

For more information on franchise loans, check out the info available online; these will help you learn to find the business franchise loans!

Does the SBA Do a Disservice to Would Be Entrepreneurial Start-Ups in Their Free Seminars

Author: admin  //  Category: Entrepreneurialism

The small business administration gives away free seminars for those people who’d like to start a business and they often bring in experts from the local community to comment and speak. I have been asked to speak at these seminars and I must tell you it is quite fun to see all the entrepreneurs in the audience that are very interested in learning just how to run a business and get it done. I like to speak about local marketing because that is something I’m really good at and something I enjoy doing and talking about.

However, when you sit through one of these SBA seminars that are run for entrepreneurial startups you get the idea that they are trying to prevent people from starting businesses. It is almost as if they’re trying to dash their dreams. The SBA brings in people that tell them about all the bureaucracy, the licenses, and the rules and regulations.

They bring in accountants who are dry, poor speakers and IRS representatives, and all these people to scare them.

If we want America to fly again we are going to have to reduce the regulation on small business and not make it so tough and expensive for people to start their own companies. But that is another topic that no one seems to address including the Obama administration and even the new SBA administrator. 10% of the people in America own a small business you’d think that they would wise up and fix these problems. No such luck.

The SBA should spend more time explaining how entrepreneurs must include business planning, and marketing and customer service and not just all the rules and regulations and paperwork that one must fill out every time they turn around. In my professional opinion and I’ve thought a lot about this over the years for a least three decades; I believe that the SBA has always done a disservice to would be entrepreneurial startups in their seminars.

I’d like to see this problem fixed and I would go so far as to write the syllabus of what goes on in the seminars to prevent them from discouraging people away from their American dream.

Please consider all this.

Lance Winslow – Lance Winslow’s Bio Lance Winslow is also Founder of the Car Wash Guys, a cool little Franchise Company; http://www.carwashguys.com/history/founder.html

How to Use Facebook Applications to Promote an Established Company or an Entrepreneurial Venture

Author: admin  //  Category: Entrepreneurialism

There are a number of obvious advantages for marketers using Facebook applications to promote their company. One of the biggest advantages that both large companies and entrepreneurs have found is that they can promote their organization or new venture online using viral marketing rather than relying on SEO (which can be a much more complex thing to understand especially for newer companies without the resources to hire an SEO consultant). Another advantage of using Facebook applications to promote a product or company through viral marketing is that it can bring in large amounts of traffic immediately without having to wait for search engines to index onsite content and tediously building links in the meantime. Of course, clever marketers can find ways to make sure that their application helps with SEO as well as provide viral marketing.

Now for the bad news.

Companies trying to use Facebook Applications for viral marketing will find that the chances of reaching immediate success are not as high as they used to be. They have a number of applications that they must compete with and many Facebook users are less likely to try a random application, particularly if they do not closely know the person who invited them to use it. Marketers must also be honest with themselves about how likely the application is to help promote their company. If the application users do not feel motivated to visit the company’s website or call to purchase the products or services then the developers are wasting their time. The other major concern with using Facebook applications is that the traffic they bring in is limited to the lifetime of use for the application.

Successfully using Facebook applications to promote the flashy new product or innovative new venture they have created is actually going to require some careful planning and hard work.

There are a few simple but very important tactics that developers of Facebook applications should use to sell their product or promote their business: Know when to use a forced invite for the application: The company that started the Happy Hour application required users to invite others to promote their product found their strategy to be very successful. Of course, many other ventures soon followed suit. Unfortunately, this strategy doesn’t work for all audiences.

Believe it or not, many users are too lazy to take the two minutes to invite some of their friends to use the application and will actually give up on using it the second they realize they have to go through the hassle. The best solution is for developers to know who the target audience is for both their application and their company and know whether or not they will be turned off after being forced to invite their friends. If this is the case, the company should know not to force them to invite their friends to use the application at the beginning.

If they like the application, they will happily invite their friends to use it (and more importantly, go to the company’s website to learn more about the venture and the products that it is selling) Use news feeds responsibly: News feeds not only remind users to continue using the application, they also encourage their friends to use it if these feeds show up their wall. But if the application uses too many news feeds users will feel as if they are being spammed and may disable the application. Make sure the application encourages them to visit the company website or purchase its products.

Obviously, the application needs to have the name of the venture and the logo where it seems to make sense to use them. It is also advantageous to find ways for the application to interact with the company to facilitate future purchases. This can be done by offering coupons through the application or requiring the user to visit the company website to find information on how to use the application more effectively. Again, these tactics should not be overused. Most importantly, invite lots o

 

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