Tag Archives: Products

9 Resolutions Every Business Owner Should Make in 2013

30 Dec
Owner of Pigtails and Crewcuts

Wade Brannon, owner of the Pigtails & Crewcuts franchise

Roswell, Georgia (PRWEB) December 30, 2012

According to the experts, business growth will continue in 2013. A report from the National Association for Business Economics predicts the economy will expand by 2.1 percent in 2013, compared to 2.2 percent in 2012. When it comes to franchise businesses, a similar scenario is taking shape, with a 1.4 percent growth projected, compared to a 1.5 percent increase in 2012, according to the International Franchise Association. Franchises, which account for 3.4 percent of the GDP, are expected to add 162,000 jobs to the economy before 2014.

Any growth is good, according to Wade Brannon, president and owner of the children’s hair salon franchise Pigtails & Crewcuts, based in Atlanta, Georgia, which has more than 30 locations across the country. But Brannon warns business owners that as the economy continues to improve, the hard work has just begun. “It appears we’ve weathered the worst of the storm, and for most of us business owners it’s been a humbling experience,” says Brannon, who formerly served as the senior vice president of Heavenly Ham, which he helped grow to more than 200 locations in the United States before it was sold in 2002. “Now that we’re starting to see some consistent growth, it’s more important than ever to capture that momentum and take your business to the next level.”

Brannon shared the following resolutions that every business owner should make in 2013.

1. Take control. One of the best things about owning your own business is it’s yours. It’s easy to forget that during day-to-day operations. As you move into 2013, don’t just be a business owner, act like a business owner. Commit to making decisions that are best for your business.

2. Ignore the doomsday hype. Between the debt ceiling and the fiscal cliff, 2012 has been rife with panicky buzzwords. There’s no telling what doomsday scenarios will crop up in 2013. Whatever those situations are, keep your nose to the grindstone and move your eyes away from the television. Focus on the important tasks at hand and don’t seek out additional worries.

3. Do less with more. In business, the beginning is always the most challenging. Once your workplace is up and running, adding to the existing framework can actually get easier. Consider opening a second, third or even fifth location. With just a little more effort, you may be able to multiply your returns.

4. Distinguish yourself. You’ve committed to running your own business, now take it seriously and succeed. Research needs in the community that your business can fill. Talk to your clients and ask if they’re satisfied with what you’re offering. Really listen to their feedback and apply it towards building your own successful brand—one that is unique from any other.

5. Promote, promote, promote. Every business owner should be active on social media. With so many choices out there—Facebook, Twitter, Pinterest, etc.—business owners have access to a constantly expanding audience. Update your status frequently, tweet specials, blog about your business and remind people of the ways that you can help them out.

6. Give back to your community. Without the support of your community, your business truly is nothing. Give back in the best way you can, whether it’s donating products for an auction, serving on a board or simply volunteering your time. Not only is this a feel-good thing to do, it also helps make your business more visible and introduces you to people you might not otherwise meet.

7. Delegate. Running a business is no small task, and it’s important to know that you’re not alone. Make lists of areas where you excel and areas where you don’t. Then, figure out if there’s a way to hand off duties to someone else, whether it’s an employee or a subcontractor. Business owners are naturally doers, so delegating can be one of the most challenging tasks. But since it frees you up to follow your true talents, it can also be one of the most rewarding.

8. Be consistent. Whether you’re a franchise, a large business or a mom-and-pop store, your customers all want the same thing: consistency. Devise a business protocol and work to ensure that you and your employees are on the same page. Your branding, messaging, services, products and even your success depend on consistency.

9. Know your numbers. How can you strive to do better if you don’t know where you stand now? Data is the lifeblood of your business. Know it. Study it. Understand it. Set goals to improve upon it. And if this isn’t an area where you excel, find someone who does and bring him or her on board to help develop your 2013 success plan.

Quote start“Now that we’re starting to see some consistent growth, it’s more important than ever to capture that momentum and take your business to the next level.”Quote end

Marketing Strategies of E-commerce Enterprises

25 Aug

GUANGZHOU, China, Aug. 25, 2012 –/PRNewswire-Asia/

1.       Acquire New Users and Maintain Old Users

E-commerce marketing should focus on two points. Firstly, acquiring new users will be important, and then maintaining the old ones by communication is also very necessary, and meanwhile they should let the old users help to get new users, which to some degree is the ultimate goal of the marketing. And under the guidance of these two goals, the marketing department will get clear about their own responsibilities.

New users can be acquired through different promotion channels, of which the steps and phases will also be different. And during every phase, there may be some loss of users, and the marketer’s job is to try to make this not happen. In addition, different from the acquisition of new users, the core of the maintenance of old users will be exploring the maximum value of them.

Generally speaking, the value of existing users can be divided into two levels: 1. Their contribution to the achievement and revenue. For example, this will take place when free users turn into paid users, and when paid users repeat their purchases, and then the increase in both the frequency and in the contribution of a single purchase will lead to the growth in the revenue. 2. Their help to attract new users, such as the common word-of-mouth marketing campaign.

SooBest, in its practice, has developed conventional marketing activities respectively for new and old users, which become great partners and supplement each other very well. Throughout the process, over time the new users will become old users, and old users will also bring a certain number of new users. With much effort put into the analysis of the data got from each of the activities, SooBest has found all the indexes of the old and new users, which have become the core indicator of the whole marketing campaign.

2.       Combined Effect

Often there are lots of enterprises, in the infancy of their marketing, which focus on studying or imitating the marketing recipes of those leading companies in the field. Yet they get quite different results. So what goes wrong here?

First of all, factors including products, prices, promotions, website designs, customer service,logistics and distribution, and after-sales service are all affecting the success of an order. To control these factors, integration and efficient co-ordination will be required.

In many cases, the decision-makers tend to set their eyes on those media channels that can contribute much to the achievement, or those very low-cost ones, while they usually ignore and even give up a lot of other expensive or small channels. SooBest, however, attaches more importance to making good use of the unique value of each channel, thus to affect consumers from different angles. So, as long as the budget permits, SooBest never abandons any single promotion channel proven effective, even when some particular ones perform not that well currently. The SooBest team certainly knows what they are doing, because they are aware of the hidden value behind these seemingly vain attempts.

3.       Phased Promotion

Generally the first 3-6 months or even a longer time will be needed for seeking proper promotion channels for a newly established website. Sometimes the success, or the failure, will come just so suddenly that you can’t even predict it at all. The safest method will be acquiring the first batch of users as experimental subjects with resources or modes that are familiar to you, which, in fact, means low cost.

After constantly repeated tests and optimizations, SooBest is now doing well in its business, offering products from mainly bridal wedding dressfashion jewelrieswomen’s handbags at the very beginning, to fashion women’s clothingsexy intimates apparelfashion men’s clothinglatest cellphones, and digital accessories now. And all of the items are well-received by both the old and new customers. SooBest’s marketing department has already drawn a lot of valuable conclusions from their experience, and the accumulation of these data surely will become the key to the expansion of its business scale and the promotion channels. Besides, SooBest also goes for advertising promotion, a more precise SEM (Search Engine Marketing), as well as affiliate advertising.

4.       Cost Control of Promotion and the ROI (Return on Investment)

The cost of acquiring new users to some extent tests the market competitiveness of the enterprise. To survive in the market, the company should consider this cost as the core indicator of their marketing strategies. They should fully take into account the users’ Arpu value and the gross profit margin. Then security can be ensured by overall cost control and living within their means.

 

 

SOURCE: Soobest.com

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