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Keys to Be Successful in Business Marketing

Business marketing is when a business markets and sells its goods and services to other businesses or organizations. These other organizations may resell these goods and services or use them in their own business to support their operations. Business marketing is often called as industrial marketing or business-to-business (B2B) marketing.The perfect example of Business to business marketing is the automobile industry. Automobile companies buy various spare parts such as tires, batteries, electronics and door locks which are manufactured independently by other businesses and sold directly to automobile manufacturers to assemble automobiles.Even the Service industry is also engaged in large number of business to business transactions. For example Companies specializing in housekeeping provide services exclusively to other organizations, rather than individual consumers.Business-to-customer marketing is when a business markets and sells its goods and services to retail consumers for personal use. While most companies that sell directly to consumers can be referred to as B2C companies. The business-to-consumer as a business model differs significantly from the business-to-business model, which refers to transaction between two or more businesses.Business market (B2B) vs. Consumer marketing (B2C)B2C marketing differs from B2B marketing in a number of key ways. A Business market has very few customers as compared to a consumer market which has large numbers of customers. A business market usually sells a customized product where as a consumer market sells a homogenous product. A Business to business transaction is a huge value transaction as purchase quantity is very high where as business to consumer transaction is a small value transaction. Price can be negotiated in business markets where as price is usually fixed in consumer market. Business markets have lengthy and complex selling process with multiple decision makers but in consumer market buying decision are simple and are made by individuals.Keys to success in Business markets are:1) Value creation & Customer satisfactionBusiness begins with value creation. It is the prime objective of the business to create and deliver value in an efficient manner which will ultimately lead to profits. Value leads to customer satisfaction. Customer experience is an integral part of B2B marketing. The customer experience is the key brand differentiator, even more than the price and product.2) Social media marketingSocial media marketing is when a company uses social media platforms such as Facebook or Twitter to market its product or services. Social media marketing is one of the best and efficient platforms for marketers. Most social media platforms have built-in data analytics tools which enable companies to track the progress, success, and engagement of ad campaigns. Companies address a range of stakeholders through social media marketing including current and potential customers.3) Mobile marketingMobile marketing is a digital marketing strategy whose aim is reaching a target audience on their Smartphone, tablets, and other mobile devices through email, SMS and multimedia messages.Smartphone usage has increased multiple times during the last few years, app usage has also highly increased. Therefore, mobile marketers have increasingly taken advantage of Smartphone apps as a marketing resource. Marketers aim to optimize the visibility of an app in a store, which will maximize the number of downloads. This practice is called App Store Optimization (ASO).4) Multimedia Content MarketingMarketing using Multimedia content attracts more customers. B2B marketers are widely adopting this trend. The primary driver is the desire to make content more engaging, compelling, and shareable than just the traditional modes. The most common forms of visual content include 360-degree videos.5) Effective Personal selling & Executive BrandingDistribution channel is the path through which the product reaches the final customer. Personal selling is the most preferred form of distribution and promotion used by B2B marketers The sellers promote the product through their attitude, appearance and specialist product knowledge. Executive Branding is when an executive showcases his professional strengths as a way to attract the customers. Executive branding is also known as reputation management. Especially in B2B environments, executive branding is now considered a necessity. Senior management must create and develop their personal brand image to attract new customers.

A Brand Review, Anyone?

You’re counting the days. You’re doing things like taking stock, assessing your life, re-evaluating what you’ve accomplished in the last 12 months, and of course, you’re determined to make 2011 the best year ever. Yes/No?!Hurrah. So let me pose two questions: (1) Is taking an Unofficial Review of your Personal Brand on your To Do List in the last few days of December? (2) If you answered no, what’s the chance you’d consider taking a closer look at what you’ve accomplished this year with your brand?Let’s call this conducting an Unofficial Review of your Personal Brand, and see if you can squeeze it in before December 31. It’s bound to tell you where your brand stands. Look at it as an evaluation that will improve your brand’s rating for 2011. Does that sound like something you’d put on your To-Do List Yes/No?OK. Some more questions for you. See how you respond, if you relate to the following options, and how you’d rate your brand in 2010 in this Unofficial Review:1.) In the last 12 months, would you say your personal brand has been: (i) totally irresistible? (ii) awesome but that’s because you believe what your colleagues are telling you? (iii) in need of some serious tweaking?2.) In the past 12 months, have you had unresolved brand issues when it comes to: (i) creating your own power-packed brand? (ii) showing up so your audience can find you, see you and want to engage (ie. work) with you? (iii) not daring to have more fun with your brand?3.) In the past 12 months, have you been craving to find out how you: (i) really stack up in the marketplace? (ii) are going differentiate yourself from the rest of the pack? (iii) can truly create a hugely likable personal brand?4.) In the past 12 months, what’s your gut sense when it comes to your reputation? (i) it’s on the rise? (ii) it’s idling? (iii) it just might need a bit of kick start?If you could respond and relate to the questions (above), now let’s look at the next two steps in the Unofficial Brand Review that will help turn around your personal brand for 2011. Ready?Step 1º IMMERSION PROCESS Get clear on exactly what you want your personal brand to stand for next year. This is about getting a sense of your brand’s inner trajectory. Where do you want to go? Where do you want to land? What do you want to accomplish? Get immersed in your brand’s goals, objectives, strategies, tactics and expected outcomes. Next, make sure you have a process set up so you can evaluate your progress, month by month. (Otherwise, this process is rendered meaningless.)Step 2º REALTY CHECK OR, IN YOUR DREAMS… What message do you want your personal brand to send out to your audience next year? How do you want people to feel about your brand? What powerful clues are you going to embed in your brand that will captivate, engage and attract new audiences and keep them coming back for more? (As I said, this is in your dreams… and note, dreams do come true.)FYI The stronger your brand, the more powerful you are, and the better you can inspire, captivate and engage your audience.The good news After conducting your own Unofficial Brand Review, you’ll find your personal brand will emerge with a clarity and ability to make more meaningful emotional connections in a world with a low attention span. (That is seriously good news.)Remember Your brand is sending out thousands of snippets of dialogue, conversations and clues nonstop, whether you know it or not. Conducting your own Unofficial Brand Review is going to help you turn these around so you can create a more synergistic and congruent brand dialogue that will provoke and captivate your audience.On a final note, a few benefits from conducting your Unofficial Brand Review:• Your personal brand will land a clear spot in the psyche of your target market• Your personal brand will differentiate itself as a desirable client attraction magnet• Your personal brand will create immediate emotional connections with your audience• Your personal brand will create a more highly enhanced personal image• Your personal brand will give you a distinct competitive advantage (with competitors still scratching their heads)Last question Are you willing to add an Unofficial Review of your Personal Brand on your To Do List in the last few days of December Y/N? If you are, let me know what you’ve come up with and how your brand stands up for next year.Is that a deal Y/N?!

4 Considerations to Help You Choose the Right Investment Property for Income or Capital Growth

In the current climate where the stock market has been volatile and where income driven investments such as gilts or bonds are paying very low yields, investment in residential property has potential to offer improved yields and stability. There are several important factors which need to be understood and considered to get the best return from your investment such as management of your property investment, tax position, funding of your investment etc… Another aspect of these is the actual choice of property itself which can impact both bottom line income and also has consequential impact on other considerations. There are two types of strategy in property investment which are very similar to equity investments in their stance and risk position. The first is investment for income and the second is investment for capital growth. It is possible and desirable to achieve both but for the purpose of this discussion we should try to target each stance independently.Location – Income influencedThe question here is not specifically about the entry value per property but about the yield it can return based on it’s annual cost versus annual return. This yield is usually expressed as a percentage. Market rates vary drastically across the country but of course this is usually reflected by the cost of purchase and if applicable on-going maintenance costs. The interest from an income point of view is to obtain the higher rental income potential for the lowest given cost. Consider your location in terms of it’s past stability for rental market price and it’s potential in the future. The ideal situation is where your location has a stable rental market price at a reasonable cost position but also has potential to increase in desirability and achievable rents as the area around it grows or develops. Risk is lower than capital growth influenced investment due to past performance being a more reliable indicator of future rental income potential.Location – Capital growth influencedHere the influences depend largely on funding limits, timescale and attitudes to risk. It’s a given that you are looking to invest in an area which has potential to increase in desirability in the future. This may be driven by past performances or by some speculation or logical assumption of a change coming to an area. London is a good example where there is consistent growth history irrespective of other market forces, yet within that certain areas of London have grown faster in their own right. To some extent the amount for investment will dictate the areas available to you. Here research into future potential is critical as it’s easy to buy into a sales pitch and end up paying more than you should for a location which doesn’t have the right potential. Risk levels in capital investment are higher, generally the larger the single property value investment the larger return potential however conversely the larger the loss if it goes wrong. Market forces have a much more significant impact of capital based investment and location can play a significant part in this.New or old property? – Income influencedNew properties are attractive to income based investors in that they have a lower operating cost. The infrastructure in terms of heating systems, electrical etc is fully compliant and needs no investment or updating at least in the short term. However newer properties may not have the same prestige or image as old properties and may not be able to attract tenants as easily. Also newer properties tend to have smaller room sizes on average and be limited in terms of parking spaces and garden sizes. The downsides of a new property choice in respect to desirability may be offset somewhat based on it’s location. Watch out for new build areas in the city centres as the demographic changes.Older properties may command slightly higher rents and better overall desirability but come with a higher cost of maintenance. Older properties also are likely to need to be brought up to standard and need to meet current legal legislations.New or old property? – Capital growth influencedLocation really takes priority over property type. However the state of the property and it’s on-going cost may impact your investment over the time you expect it to grow in value. Here the older property is likely to cost you more but is also likely to be in the most desirable locations and growth potential areas. The older property can sell itself at a higher rate based on heritage and prestige providing it meets modern standards. Those who are interested in modernising and developing older property can also reap rewards if they find the right opportunity in the right location.Lease or freehold? – Income influencedFreehold properties provide the benefit of a more static cost base whereas a leasehold may have some variability in terms of ground rent charge. Depending on the length of any remaining lease period there may also be the legal cost of re-negotiating a new lease. However if the area that drives the best yield percentage is in a built up area such as a city centre, it may well be likely that your investment needs to be a leasehold as there is no freehold availability. In that event the extra rental income achievable needs to be weighed against the risks and extra costs of the lease status. Freehold obviously suffers in this event as it may limit availability of property to invest in. If a balance of income and capital growth is of interest then this choice may become more of an important factor.Lease or freehold? – Capital growth influencedLease costs need to be considered over the investment holding period and factored into the risk position. Outside of that the position of lease or freehold is more likely to take a back seat based on the location you choose to buy your property in. If the property is targeted to grow in value then the status of lease or freehold is less likely to impact it’s sales value.Serviced Apartments? – Income influencedApartments should be approached with care by income driven investors. There are several potential ongoing costs that need to be evaluated. Service charges, management charges, insurances and ground rents are the main ones to watch for. These costs can be significant and to some extent outside of your control, often subject to above inflation increases. These charges also greatly impact your bottom line should the property ever be empty for any period of time which adds additional pressure to avoid voids and may restrict your ability to command optimum rents. Using a local letting agent may help you to mitigate and manage that pressure somewhat. Overall before investing in apartments it’s highly recommended to check that the rental potential more than justifies the risks in terms of cost inflation and losses in void periods.Serviced Apartments? – Capital growth influencedWhilst operating cost is generally a lesser priority than for the income investor, here the costs can contribute to the holding period of your investment. If you are looking to invest in an area which may take time to develop and show potential then having increasing costs may cause difficulty and stress the ability to manage the investment effectively. Particularly where an investment is highly speculative and potential tenants are not always guaranteed. The capital investor in this case should have a gameplan to avoid tenant voids at all costs and have a more concise understanding in terms of their exit strategy and timing.Overall location plays the most important role for both the income and capital investor. But what’s also clear is that additionally the investor needs to understand their risk exposure, the length of time they plan for their investment and also the costs involved. To know the costs both for sustaining and maintaining their investment whether they be orientated towards income growth or capital growth.

4 Easy Low Cost Ways to Start a Business Online

How to get started online can be a daunting task. Where do I start online? What do I sell on the internet? What kinds of businesses are online? Can I start a business on a budget? These are all questions that can come to mind when deciding to start a business online. This article will tell you a little about a few ways to get started online on a budget.Affiliate Sales-Is the easiest and most cost effective way to get started making money online. You don’t need your own product and you don’t even need a website in some cases. That is not to say a website isn’t important and it can be something as simple as a blog to review products. You can go to an affiliate network such as Clickbank and chose a product in the niche of your choice and start marketing it with articles, free ads, pay per click marketing, video reviews, blog reviews and even offline marketing. You can market with free or paid marketing depending on how quickly you wish to start bringing in a profit. Many have been successful with no cost marketing it just takes a bit of work.Drop Shipping- Is a perfect way to start online if you want to start an online retail business. You can sell physical items online without having to store or ship the products. There are all kinds of wholesale companies,that will drop ship products directly to your customers. Doba is one that comes to mind that is reputable and there are many others. Of course they will charge a small premium for this benefit but it is well worth the cost if you consider the alternative of storing and shipping these items yourself. If you charge a small handling fee you will never feel the extra cost.Service provider- Maybe you have an expertise in a special area you could market your services online and get clients around the world or maybe just in your own backyard. Website designers, writers, graphic designers, programmers, tutors, consultants, trainers, and many many others have grown a business online. You can too. Some services can even stay online like the website designers, virtual assistants, and tutors and others. You may want to check out Elance or Odesk for available jobs and get some ideas about where to start. You can bid on a project and start making money tomorrow.Creating Your Own Digital Product- You can also create your very own digital product in whatever niche you are passionate about. Doggie training video course, Makeup application, housekeeping, gaming tutorials, housekeeping tips, cooking guides you get the idea.You can put these in the medium of your choosing and sell them online to be downloaded. This can even be made to be completely automatic. Once you set up one from beginning to end and getting it to bring in say $100/ day. You can then concentrate on making another one thus creating multiple streams of income. Imagine building eventually 20 sites over a year or so all bringing in $100 dollars or more a day. Even just $50 per site per day would be a nice income.