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Business Coaching and Leadership Advancement

Filed Under (Marketing and Advertising) by myarticlenetwork on 09-12-2009

As a company coach, your area of proficiency is educating business owners through business coaching courses.  You impart tips on ways to operate a successful and cost-effective business.  You do so though with one-on-one explanations, training exercises, and written materials that can be referenced at anytime.  Most business coaches have a special step-by-step program that they use.  You ought to be no different.  Whether your present program has you working one-on-one with your patron or with your client and their employees, leadership instruction is vital.

In small companies, there is ordinarily one or two leaders.  With medium sized business, there are more, but usually less than twenty.  Leadership training should involve each member of management or those on their way up the company ladder.Make sure your client knows this.  Yes, you can educate them on leadership development and they can later train their staff with this knowledge, but there are a number of benefits to doing it yourself.  After all, you are a trained and experienced expert on the subject.

In terms of business leadership coaching, get started with your client.  This is the business owner or operating manager.  Monitor a few hours of their day. How do they organize their time?  How do they interact with clients and employees?Is their time managed properly?  Take notes throughout the day.  Commend your client for taking positive steps, but make suggestions where improvements are needed.  Finally, discuss with them what you will use to train their employees, particularly those in or on the way to management positions.

Speaking of which, what will you do?  Since medium sized businesses typically have less than twenty in management positions, you are at an advantage.  You should have a relatively small group to work with.  This gives you an edge.  You do not have to entertain or the hold the attention of a room of 50.  A small group also makes interactive exercises easy.

To get started, ask each team member to describe his or her day from start to finish.Ask them to include the slight things, such as bathroom breaks, smoke breaks, socializing with coworkers, and checking email.  You will collect these notes and read them aloud.  Ask the audience member to vote on which manager is making the best use of their time. Conclude the training by stressing the importance of time management in the workplace.Then, impart tips on how to improve the usage of time. This includes waiting until scheduled breaks to go to the bathroom, smoke, and socialize with coworkers.

Another ideal exercise focuses on dispute resolution.  Those in management positions deal with many conflicts.  Other employees approach them with complaints.  These complaints may be about the poor work environment or coworker troubles.  Managers also deal with customer complaints.  In these situations, the wrong action can lead to conflict.  Use role-playing to highlight your point.Ask two managers to role-play.  Have one be a customer with a valid complaint.  See how the two handle the situation on their own in front of the group.  Then, analyze.  Show for the room what the two volunteers did right, what they did wrong, and offer tips to reduce and resolve workplace conflict.

In addition to time management and conflict resolution, good communication skills are a must for those in management.  As previously stated, managers need to communicate their bosses, coworkers, and clients.  They will provide direction and solve complications as they arise.  To do this, good communication skills are vital.  Directions must be easy to comprehend, detailed, and clear.  Buy a cheap plastic shelf from a discount store.Choose two volunteers from the group. The first provides guidance, in their individual words, on ways to assemble.  The second volunteer does the assembly. Were clear instructions given?  If the volunteer rambled or gave confusion suggestions, show how it influenced the second volunteer’s ability to do the task. Stress the significance of clear communication and tips for making it happen.

Time management, conflict resolution, and communication are just three aspects of leadership improvement that you should cover as a small business consultant.  Businesses create income by selling a product or a service.  Yes, you want to center on sales and advertising, but start at the base of the business.  Once that is functioning smoothly, the rest will start to fall into place.

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Online Market Research – 3 Dead Easy Steps To Uncover Hidden Cash Cows Online

Filed Under (Main Content, Marketing and Advertising, Online Market Research) by admin on 16-03-2009

Selling something that a large number of people want to buy is one of the most important aspects of a successful and profitable online business. Selling a few copies of your e-book in some obscure niche looks good in the beginning, but the truth is that unless you have a product or service that hundreds or maybe even thousands of people are willing to flock to your website every day and buy, your chances of achieving real financial success is pretty slim.

And lets face it…

Nobody wants to waste their time and energy on something that no one wants to buy.

That’s why market research is crucial to your online business success, yet strangely enough, you don’t find many people talking about it. Here are three dead easy steps to take before you even consider creating or promoting a product. Taking the time to perform even this little bit of online market research will tell you quickly whether you are sitting on a gold mine or just wasting your time!

Online Marketing Research Step 1

Check Out Your Competitors’ Websites and Web Stores
Compare your competitors products, pricing and customer service to yours. Find out what kind, if any PPC advertising they are doing, when and where they are doing it. If you see a company advertising day in and day out, week afeter week, this is a HUGE indication that what they are doing is earning a profit. Now you can simply model their approach with your business and save yourself a lot of wasted time and money.

Online Marketing Research Step 2

Connect With Your Potential Audience
Visit forums related to your niche and ask questions and get the opinions of members on products and services that are similar to yours. This is the online business equivalent of what the big marketing firms accomplish with focus groups.

The responses you get will give you a great deal of insight into what is important to your potential customers. This type of information is golden! You can now use this information to make your product or service exactly what the customer is looking for.

Online Marketing Research Step3

Look and See What Is Already Selling
This is probably the easiest of the three steps. Go to Amazon, Ebay, niche websites in your market and see what’s already selling. Another great place to see what’s hot is the magazine rack in your local bookstore. Look for magazines that are related to your product/service and see what’s being advertised. Spending a little time with these resources will give you a really good idea of what the best selling products and services are. You can then sell them in your business.

The internet, as you can see provides some great resources for online market research. It won’t take you much time at all to find out what you should be selling and to whom.

Now for the last hurdle, which is where most people fall short.

Knowing what to sell and having the ability to create to create the products are two totally different animals. So most go back to the drawing board and rethink what they need to do. This creates a vicious cycle of inaction, and failure for the majority of budding business owners.

If you would like to take a shortcut past all this and not have to worry about what to sell or how to create it, then you might want to check out SureFireWealth.com.

Not only will you be handed proven markets to sell to, but also a complete range of products that people are already buying. Read my full review of SureFireWealth.com here.

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3 Ways The Economic Environment Can Put Your Online Business In The Toilet

Filed Under (Marketing and Advertising, Work From Home) by admin on 10-01-2009

Many people are glad to bid farewell to 2008.

2008 turned into one of the most tumultuous years financially that the United States has ever experienced in modern times, and what affects the U.S. economy affects most of the rest of the world economically. The U.S. National Bureau of Economic Research reviewed the numbers and decided that the United States entered into a recession back in December of 2007.

Yet, in spite of this, more people than ever want to start a work at home business. People desire the freedom of control and the power to select their own way of doing things that comes with owning a small business. And now, with the advent of things such as the virtual office and other technological wizardry, starting and running a small business can be less costly and faster to rev-up than ever before; with this, many people dream of making their fortune by running a work at home business.

Yet, it’s important to realize how the economic downturn of recent times is affecting start up attempts for new small businesses, and it’s important to look at how already established small businesses are being affected. For many may feel that these are “the best of times, the worst of times.”

For instance, small businesses across all industries are finding it harder to compete for consumer dollars during these tough times. It’s a simple principle: the vast majority of consumers feel the need to cut costs for the time being, and so apart from absolute necessities they are being far more judicious about how and where they choose to spend their money. If established businesses who already have regular customers are getting hit like this, just think about how hard it could be to get yourself established from next to nothing right now. Have you researched your service “perfectly”? Have you researched your target market? Do you have a solid, strong business plan?

Here’s another problem being faced nowadays by small business owners: the tightening of the lenders’ purse strings. Lenders always cut back on lending during recessions, and this time the recession was largely caused by bad lending practices–so they are now cutting back on lending even more as some large banks file for bankruptcy or get bought out. Small business owners need business loans. They need loans for start-up capital, and they often need more loans to finance their business expenses as they run their operation. Financing is the life blood of small businesses. Lenders will continue to give loans, of course, but now it’s much more difficult for the small business owners to qualify for them. When they do qualify, their rates will often be higher than they have been in recent years. Once again, if you are considering starting a small business, you’ll really need to know how to make a strong case for yourself and your proposed business to the lenders you approach for capital.

And that leads into yet a third problem: can you afford the quality workers that you’ll need to help you? Small business owners cannot afford lackadaisical staff; they need top quality workers, because every one of their customer relationships counts. Even though the virtual office and global outsourcing can really help in this regard, nobody is going to work for free; and the more technical or professional expertise you’ll require to work for you, the more you’ll have to pay to acquire and keep the right personnel.

These and several other problems face the prospective and the established small business owner during tough economic times. But, a resource has been established to help you through and give you the best possible advice about how to cope and make your enterprise a success. This resource is the Small Biz College (Small Business Ideas). Here you can find the most complete library on the Internet for the small business owner. Hundreds of pages of valuable content and advice from leading experts in every field; thousands of free downloads, software programs, and other resources; hundreds of webinars in the video library that address the specific issues that small business owners face every day; and much more can be found here.

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Network Marketing Leads – The Best Network Marketing Leads To Target

Filed Under (Marketing and Advertising, Network Marketing, Work From Home) by admin on 06-11-2008

The landscape is changing in the MLM industry, especially the way you source network marketing leads. When MLM lead generation was conducted mainly offline, network marketing leads were gold; they were harder to find and when you got one they were protected and guarded with lots of jealousy.

And who could blame them. A lead back then meant an opportunity to add someone to your down line and take another step towards creating residual income. However, while many have built great businesses using these methods, the rejection involved was such a major killer of people’s hopes and dreams.

So fast forward to today and with the internet such a dominant player the task of finding MLM leads has been made a lot easier. No, it’s not a piece of cake because there is definite skill required in sourcing leads online but the truth is, the word rejection is less of an issue…much less.

And forget about buying those unresponsive third party leads. They multiply the rejection effect enormously and can contribute to leaving your business in a hurry.

Third Party Network Marketing Leads

The truth is, buying third party leads can be a shortcut to the poor house and a quick exit from your network marketing business. The primary reason is because you have no control over leads; how they were sourced and worse, who has used them.

In many cases, these leads will have done the rounds several times before they land in your lap and what do you think the person on the other end of the line is going to say when they get approached about a business opportunity for the “umpteenth” time in a month?

You get the picture.

Fresh leads are what count. Better yet, fresh, targeted leads who haven’t been approached by anyone else in the past few months and who actually seek you out.

What am I saying?

Well, the truth is, you don’t need to be chasing down and harassing prospects if you don’t want to. The internet has made it possible to build a solid network marketing business without ever having to meet your prospects face to face.

Getting network marketing leads with a genuine desire to hear what you have to offer is as simple as putting up a website or piece of Web 2.0 property and promoting it in the right markets.

The old school network marketing prospects generation process shouldn’t be eliminated from your agenda completely because there will be times when you meet people and the subject of making money will come up but don’t waste your precious time doing it full time.

Let the power of the internet do the attracting for you 24/7 and more importantly, it will bring people into your sales funnel from all over the world.

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Network Marketing – 6 Deadly Network Marketing Mistakes To Avoid

Filed Under (Marketing and Advertising, Network Marketing, Work From Home) by admin on 24-10-2008

As someone who is involved in network marketing, you are probably using different marketing techniques to build your business. The following are free mlm marketing tips that cover 6 deadly marketing mistakes that need to be avoided at all costs and why.

Network Marketing Mistake #1:

Calling it quits too early. You don’t just quit using one particular marketing strategy because you failed. It could mean you need more education or to run a series of tests (e.g. headlines, ad copy, various incentives, etc.) before you make a final decision. The lesson here is not to give up too soon.

Network Marketing Mistake #2:

Failing to offer a solid guarantee. With everything you do, whether it be online or offline marketing, you have to have a guarantee. Some people are hesitant to do this because they fear people will take advantage of them and drive them out of business. It’s natural to think this way, but it’s false. Instead, always include a money back guarantee as this will increase sales.

Network Marketing Mistake #3:

Failing to target a market. This free mlm Marketing tip you have to follow at all costs. If you are just trying to target everything and everyone in MLM, good luck! Even in MLM, you must specify who you want to target. Maybe it is people who are looking for a duplicatable system to attract prospects to their business. Maybe it is people who need more skills in how to build a downline. Whatever the case, always ask yourself before starting a marketing campaign who you are trying to reach.

Network Marketing Mistake #4:

Failing to do keyword research. It does not matter what type of marketing you are doing online, keyword research is essential. If you fail to do keyword research to find what your target market is searching for, any type of marketing will be like shooting arrows in the dark. I would not even bother to market online if you are not going to take some time to do appropriate keyword research. This simple method will save you frustration down the road.

Network Marketing Mistake #5:

Using an advertiser just because of their readership, listenership for radio, or viewership for TV. This free mlm marketing tips are for those who really like to get creative and think outside of the box. For example, while it is great your budget can afford these marketing methods, if you advertise from 2:00 AM-5:00 PM on a radio station that is an all-sports talk radio and you are selling a female product or service, how successful if your campaign going to be? So, once again, make sure you are targeting your audience correctly.

Network Marketing Mistake #6:

You have no upselling. Here is a free mlm marketing tip that might step on some toes. If your mlm product or service only lets you make one sale per customer, you are going to have a very tough road ahead. You have put yourself in a position where you just have a job. You need to be able to offer your customers more than just one product or service in order to keep them coming back for more. Otherwise, where is your residual income?

Following these free mlm marketing tips can really be to your advantage. Avoid these 6 deadly network marketing mistakes and instead focus on proven Marketing strategies that will take your business to the next level.

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