Archive for December, 2008

Get Involved with Social Media in 2009

One resolution all business owners should make for 2009 is “Get involved with social media.” No matter your industry and no matter your business’s size, involvement in social media gives your business the potential to find a new level of success. I recently came across a helpful blog post over at Mashable.com that lists some of the best social media articles from 2008. “HOW TO 2008: How To Do Almost Anything With Social Media” is a great resource for social-media newbies and veterans alike. With links to articles that span a comprehensive list of topics, this blog post can help those who are just getting started in social media, as well as those who are already involved yet want to expand their social media presence. As we bid farewell to 2008 and welcome 2009, resolve to make social media part of your business plan in 2009.

3 comments December 30, 2008

Online Shopping Remains Strong

While some online retailers are noticing a decline in sales, online shopping, as a whole, seems to be doing just fine. Read the article below to see which product categories have experienced a sizeable growth and which have suffered:

http://www.forbes.com/markets/2008/12/22/online-consumer-spending-markets-equity-cx_mji_1222markets25.html

Add comment December 24, 2008

Give Your Business the Gift of Social Media

Christmas is just a few short days away; have you decided what to give your business yet? If not, here’s an idea: Give your small business the gift of social media. Utilizing social media is predicted to be one of the biggest business trends of 2009, and for many reasons. Todd Malicoat, the brains behind the blog StuntDubl.com, explains why now is the time to get yourself acquainted with the different aspects of social media in his recent blog post, “9 Reasons You Need Social Media Marketing in 2009.” Todd provides great insight into the world of social media, including why it’s important to get involved with social media sooner than later.

Once you’ve learned a little more about how social media works and why you need it, start getting involved! Social networks, like LinkedIn®, Facebook®, and MySolutionSpotTM are great places to start. Give your business the gift that gives back by introducing it to the world of social media.

Add comment December 22, 2008

Is the Customer Always Right?

There’s a reason that everyone is familiar with sayings like “Customer is king,” and “The customer is always right.” These phrases speak the message that customers, being one of the most vital components to any business, should be treated as such. Customers keep you in business. Customers provide your revenue. Without customers buying products or paying for services, a business is doomed to fail. That’s where customer service comes in. Your customers should always feel respected and appreciated; if they don’t, they can simply choose to shop somewhere else or hire one of your competitors. It’s easy to show your customers that you are grateful for their business by offering them sales, discounts, gift-with-purchase promotions, and so on. But what happens when a conflict arises? Is there such a thing as a customer who is not right?

A business’s number-one reason for being is to make money, and customers are usually the suppliers of that money. You want to please your customers, and you want them to return to your establishment. After all, happy customers make happy business owners. Sometimes it might cost you to turn an unhappy customer into a happy one, but most businesses can take this hit every once in a while. Retail businesses experience this when a faulty item is returned, and service businesses often lower their prices in order to appease unsatisfied customers. The important thing to remember is that although you should strive to keep your customers happy, letting your customers get away with everything can cost your business more money than losing customers. Here are a few ways prevent your business from being a pushover:

  1. Clearly show your prices. This will help ensure that your prices, including sale prices, can’t be argued. If you have a sale going on, make sure that the sale dates are clearly posted as well.
  1. Make your policies known. Outline your business’s policies, including discount policies, return policies, cancellation policies, and so on, in a document that is accessible to all customers. If a problem arises, these policies can be referenced in order prevent your business from taking a loss.
  1. Don’t make exceptions. This may seem harsh and unfair to repeat customers, but if word gets out that you made an exception for customer A, customers B through Z will expect the same treatment. If you treat your customers with respect and appreciation while handling a difficult situation, you will most likely receive the same treatment back.
  1. Offer store credit over a cash refund. Many stores use this effective return policy since it basically guarantees that the customer will return, and often they end up spending more money than their credit is worth.

Although there’s no way to completely avoid customer conflicts, the above tips should be able to help you resolve some of them. Customers may not always be right, but it’s still important to keep your calm and show respect to those making even the most irrational of demands. To find more information on successful customer service and customer retention, be sure to visit MySolutionSpotTM.

Add comment December 18, 2008

How to Create a Decent Blog

Blogging can be a fun activity, as well as a cost-effective way to promote your business or hobby. If you are interested in starting a blog, take the time to plan your strategy and brainstorm post ideas. These steps will help you get the most out of your blog.

Continue Reading Add comment December 17, 2008

Starting a Business in a Bad Economy May Not Be a Bad Idea

You might find it hard to believe, but there are several advantages to launching a business during the current economic downturn.

Continue Reading 6 comments December 11, 2008

Why Forum Participation Is More Important Than You Think

Many business owners do not realize the importance of participating in online forums. This post shares an article which outlines the value of forum participation.

Continue Reading 6 comments December 9, 2008

Cyber Monday Sales: What Goes Up, Must Come Down, Right?

Cyber Monday sales have exceeded expectations and grew by 15% this year. This surprising increase, combined with the steady Black Friday numbers, seeems like a promising feat for storeowners. However, analysts believe that as the holiday season continues, sales will decline, and the overall results will be among the worst in history.

Storeowners – both online and offline – will try their best to prove these analysts wrong. Many of them heavily advertised, slashed prices and offered additional perks like free shipping prior in order to achieve their Black Friday and Cyber Monday sales, and the majority of these storeowners will continue their efforts throughout the 2008 holiday season. Will their hard work prove to be successful? Only time will tell.

Add comment December 4, 2008


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