5 Things Every New Small Business Owner Should Know!

1. The Internet

Even if you don?t use it yourself, your customers and suppliers already are. Buying online is an everyday activity for many consumers. If you intend to market other companies? products you can be damned sure that other suppliers will already be trying to find a way to your customers directly. Meaning customers could bypass your new small business all together.

Don?t sit idly by and watch this happen! Big opportunities await small businesses on the internet and there are many ways that you can make your business more attractive to customers.

There are also many opportunities for growth. The media will tell you that it is all doom and gloom unless you are one of the most profitable online businesses, such as the Googles, Amazons and Facebooks of this world, but there are plenty of small businesses that fly under the radar and make very handsome returns by simply knowing how to leverage the services and solutions that those companies provide for every small business.

The success of those elite companies is intrinsically aligned to that of the small business owner. The more money you make the more money they make, and that is why they dedicate huge amounts of resources to opening up a global market place making it possible for your new small businesses to become successful online.

2. How to Market Online

I am not talking about having a website with your company name, address and then a list of your products or services. That?s archaic and is not worth the hosting costs to support it.

What I mean is having an online presence that engages and encapsulates your audience. An interactive presence that draws consumers and business partners to you and builds your new small business as an authority in the niche.

Ok, that sounds great but how do you do it. Click on the link to get some proven marketing ideas for small business that actually work.

3. How to Brand Yourself

There are several benefits for branding a business. Developing a brand for your business will help you have a clear vision of how you want your business to be perceived by clients and potential business partners. Once you have a clear vision of how you want your business to be perceived you can then build a brand that achieves that vision.

When developing your business brand you will determine the emotions and thoughts that stir in a client?s mind when they think about your business. Of course you want your brand to create good thoughts and emotions in the minds of clients and potential clients.

Humanize your brand think about writing a blog, so your target audience can get to know more about you and you can provide incredible value to them in return.

Try to get in the head of your ideal customer. What are their problems? How would their life be easier if they could solve that problem and how can you position your business as the best solution to help solve that problem?

?For this reason, creating a well thought out brand can be valuable to your new small business.

4. How to Sell

In order to make a profit something needs to be sold. A product, a service, or whatever that may be, but something needs to go from the business to the customer and money then flows the other way.

That will only happen if you can sell. In your eyes your product or service may be best of breed. You may produce the most beautiful cushions in the world, you may provide the most professional house sitting service, you may run the most extravagant events on the planet but if you don?t know how to communicate that in terms of a buying need and have the ability to follow through with that prospect, overcome objections, ask for the order and win it, the your small business is going nowhere. Fast!

Many people fear selling.? Don?t. Embrace it!

Think of ways that you can market your product more efficiently to improve the quality of leads coming into your business. If your marketing efforts are targeted to the correct audience then the sales process will be easier.

5. It?s Not Going to be Easy!

Break even and then profits are not going to fall out of the sky. It is going to take a lot of hard work. Weekends, late nights, early mornings are all considered normal working hours when you are a new small business owner. Especially at the beginning.

Prepare yourself mentally, get buy in from your family and those close to you so they will be there to support you through what will be a very challenging ride. Take a look at these ideal characteristics of an entrepreneur and tick off how many you have.

Learning how to make a small business successful takes time and ultimately as a new small business owner there will be many unfamiliar situations that you will find yourself in. It?s how you overcome these challenges and provide a winning service to your customers that will help your business stand out from the crowd.

Related posts:

1. The Most Successful Online Businesses Practice These 3 Essential Skills. Do You?
2. Does Your Small Online Business Ooze Influence?
3. Today?s Micro Business Owners Have Everything at Their Fingertips!
4. 5 Skills Needed To Run a Business Online and Profit
5. How to Make a Small Business Successful 8 Tips

Source: http://jamesdebono.com/new-small-business/

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