Get your business revved

John has provided another excellent business marketing resource with The Referral Engine: Teaching Your Business to Market Itself. I read his first book, Duct Tape Marketing: The World's Most Practical Small Business Marketing Guide and began implementing the ideas he shared with several businesses I was involved with. I can say that these books are not just for small business, but ANY business in any arena. Those that read The Referral Engine and begin to implement the strategies into tactical plans will see results. I ordered the pre-sale book and just finished it today and John has mastered the art of helping business people taking the strategic concepts and moving them into implementation with very clear and concise steps. While some will argue they don't have the time, in actuality, they can't afford not to. I highly recommend this book to those looking to rev their business. Not only does the book provide great examples, it will get the gears turning for creative ways to use the practical steps in your own business. Read more at The Referral Engine.

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Companies can't hide from customers or victims

If you operate a company, you might want to re-think your business model if you are acting unethically. Technology enabled customers and victims are forcing businesses to listen. And well, if they don't, their businesses will fail soon. I read with interest the All Facebook article, "Towing Company Sues Student For $750,000 For Creating A Facebook Group." Some students are alleging that T & J Towing company is breaking into vehicles, taking the parking sticker, then towing the vehicle an finally charging the students $118 to get it out of impound. The FB group is nearly 10,000 strong with many people stating the same issue. This will be very interesting to see how the situation plays out.



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Retaining customers - USPS doesn't get it

Another reason the United States Postal Service (USPS) is behind the times is the classic PO Box. I went to renew the PO Box for Color by the Sun today. I got a renewal notice via email (which is a nice feature, btw) last week that told me I could renew for 6 months for $55. So I'm at the counter and told the clerk I wanted to renew. He asked if I would like to renew for 6 months for $55. I asked him how much it would be for 1 year. He said, oh, a hundred and something. Then he checked and it was $110 for the year. I sarcastically replied, wow, what a deal. Give me 6 months then. Just out of curiosity, I called my local UPS Store to inquire what the box rates are for the UPS Mail Service. The UPS Store worker told me that a small box would be $16 month, so 6 months would be $96, or I could do 12 months and get 3 months free. So $144 for the year for the UPS Mail Service or $110/year for the USPS service. The UPS Mail Service has several additional benefits, like getting a real address, package notification by text or email, accepting of packages from all carriers, mail forwarding, and call-in mail checking by phone.

I did a brief search on the number of PO Boxes and found that most Central Business Districts (CBDs) have over 100,000 PO Boxes available. I don't know what the "unused" rate is for USPS PO Boxes, but I'd be willing to bet that if they offered a $10 discount for 1 year and made it an even $100/year, they would retain more PO Box users. They would have signed me up for a year on the spot.

Retaining customers should always be a priority. Using a little common sense marketing and giving your existing customers some incentive to renew for a longer term is easy. Thinking like a business isn't so easy when you are part of the government.

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Avoid putting the "kabosh" on a presentation

For many people, the thought of getting up in front of their peers or people they don't know causes the pulse to race and anxiety to rise. Practicing in front of a mirror, friends and family members will help alleviate the worry and also improve your delivery. Here are some basic presentation tips called the The 10/20/30 Rule of Powerpoint from Guy Kawasaki and an ironic "How to Give a Lousy Presentation" to help you in your journey.

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The "factory model" is dead...

Great interview with Seth Godin. Here's an excerpt:

Question: Marcy Shinder:
Over the more than 20 years that OPEN has been serving business owners, we’ve seen the resilience of entrepreneurs to adapt to changing times. But are you now forecasting a change as profound as that which precipitated the industrial and digital revolutions? Are you saying that there’s going to be a radical difference in the way that future business models are formulated?

Answer Seth Godin:
"I think so. The biggest single difference is that the whole factory model is dead – the mindset that says that the purpose of the corporation is to raise money and build a factory, and the purpose of the factory is to make lots of stuff that people will buy. That’s gone, it’s over. The way we train, the people we hire, the products we make, the way we sell them – is approached in a different way now. The new paradigm is two or three guys, setting up a couple of desks and laptops in their garage, conquering their own corner of the web, and maybe making $1 million or more in their first year. All the brains and emotion are migrating to service-related businesses that stress their horizontality rather than verticality. It’s a mass-customization, high-bandwidth connectivity kind of paradigm."

Here's a link to the full article.
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Tribal Leadership

I've been following how Tony Hsieh of Zappos and other companies structure their business models. This is a great audio book that can be downloaded for free that describes how companies at different stages function.

If you are an entrepreneur and love learning about business, this is a must listen/read. I plan to get the Kindle version after listening to the audio.

http://www.zappos.com/tribal.zhtml
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What does it mean?

It means you better be quick and nimble, or Jack be dead...


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Advice on equity when starting a business

This information would have saved me lots of mistakes along my journey in starting and forming businesses. If you are considering starting a business (AND ESPECIALLY PARTNERING) you should read this. There is something about guys and wanting a business partner. You need to treat it like a marriage and carefully consider all avenues before signing the papers.

Here's the Advice on equity blog post from Seth Godin.
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Is your social media user name taken?

One of the questions I get asked is "Where do I start to get involved in social media?" I blogged about this question specific to Twitter, but there are many different avenues for social media.

The first step is deciding what your strategy is for using social media. What is your "end in mind" or the results you want to achieve for your business?

Second, how do you plan to support this initiative? How much time can/will you or someone you hire devote to it?

Third, create realistic expectations and tie your social media strategy into your overall business strategy, marketing strategy and specifically your Web strategy.

Then get educated on some of the social media tools. Currently, some of the most popular are Facebook, Twitter, MySpace, Digg, LinkedIn and YouTube. However, there are more out there than you think.

You can check your desired username (business name) at www.checkusernames.com
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Social networks for entrepreneurs

Social media is the new buzz on the Web. For entrepreneurs looking to connect with other entrepreneurs, Mashable, The Social Media Guide, posted an article on the Top 10 Social Networks for Entrepreneurs.

If you are running your own business or aspire to start your own business, this is a great list of social networking sites for entrepreneurs.
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