All that you need to know about making your small business...
Transcript of All that you need to know about making your small business...
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All that you need to know about making your small business BIG for FREE This free e-book guides you on how to make a small business owned by you, enter the BIG LEAGUE with a few simple steps that would not cost you more than your lunch. Neha Chauhan
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Foreword
Ever since I entered the world of business and marketing,
I have mostly been hearing about BIG names which spend
BIG money on making their logos visible and their jingles
ring in your ears.
As a small business owner it becomes literally impossible
to even think about such BIG investments. You would
rather spend the money on improving your infrastructure
and buying a few good assets. But, in a world where
marketing makes or breaks a product/service, how can a
small business owner get all that he needs at the cost of a
lunch. In this book I would be sharing some ideas that
helped me gain some expertise and use it for my own
business. Hope you will find them useful. CHEERS...!!
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Table of Contents
Get a website
Get a blog
Enter the world of social media
Participate in local trade fairs
Float your business cards through a business network
Make contacts, keep them
Get to distribute samples/free stuff
Organize a competition/event
Keep a check on competition
Don’t forget your old friends
Be a part of online communities
Join a social cause
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All the steps and the chapters mentioned below can be
used in an integrated manner or individually, as the user
desires. The effect would anyways be awesome. It would
really depend on the amount of time you can devote
online and the kind of business that you do.
Get a Website
The first thing that you have to do is get a website. The
virtual world is really big and accommodating. Anything
and everything becomes possible once you learn how to
master the online world.
The best thing about owning a website is that you can
upload text, images and videos. You can provide links
and badges to your other online web pages like a
Facebook fan page or a Twitter account. We will discuss
about these later.
A website can be the best way in which you can make an
audience relate to you and know about you. Now, as a
small business one of the most important questions in
view is that though owning a website gives you immense
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benefits, should you really go for it? Is it really
worthwhile to register a domain name and upload a world
of content on your website? As a small business owner,
how would you be able to track your visitors and
quantitatively analyze if the website is really bringing in
any benefits to you?
In the precursor of this book, All You Need To Know as a
Small Business Owner, we talked about the benefits of
sticking to a budget. Yes, it will always work. No matter
how much capital you put into your business, unless you
have control over your finances, you are giving it all
reasons to fall flat on its face.
For example: it is useless for a local grocery store to set
up a full fledged website on the internet, however, if you
want to open an online shopping business of grocery
items that provides home delivery facilities, this is the
primary and possibly the only big thing that you need to
do on the internet.
Therefore it is always advisable to first check whether
making a website will really be helpful or not. You are
spending a part of your hard earned money here.
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On a second note, if you find that it is really good to have
a website and directing some online traffic there without
spending all the money involved in the process, the
internet will give you this solution as well.
There are a number of websites that provide you free
hosting of your website. You just have to type ‘free
website hosting’ in your search window and you get to a
number of websites that allow you to create a free website
for you, often with limited pages and content restrictions.
You will get free templates, and a few premium ones on
the payment of a minimal fee. Then there is a plethora of
colors, themes and designs to choose from. Your very
own customized website is ready, within a few minutes
and without any charge.
One thing however should be kept in mind that you don’t
get a simple website name like www.abc.com. If you are
hosting your website through one of the free sites (for
example ‘xyz.com’), your URL would be
www.abc.xyz.com.
However, this must not really matter if you are a small
business and don’t have everyday updates, a huge number
of employees and a wide range of products and services
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that are to be displayed. It is not a matter of concern
whether it is big or small, what is more important is that
you are getting it all for FREE.
Get a Blog
For those who want their voices to be heard in a different
way, blogging can give you the right tools to manage your
views. A blog can be about anything. It can be about you,
about your poems, your essays on current issues, your
research, your company, your product, almost anything
you can think about.
So why do you need to create a blog?
I would personally recommend a blog only to people who
can post regularly or who have a product/service that can
be regularly blogged about. A blog is a very dynamic
structure. It is not something that can be made once and
left static or untouched thereafter.
Blogging is about posting your thoughts/views on a
particular subject at a time. For example, you are a
software engineer who has created a certain app for an
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android phone. You can blog about this and blog about
every single creation after this. This is how blogging
normally goes.
Blogs are free to make and to use. A good traffic on your
blog can even help you earn some money.
Some popular blogging sites are:
www.wordpress.com
www.blogger.com
So if you have a writer hidden inside you, go start
blogging.
Enter the world of social media
Believe it or not, but social media networking is the new
marketing tool of the internet and the best thing is that it
is FREE.
The best of the best are Facebook, Twitter and Google+.
1. You can create a Facebook page. You can create a
page and start connecting with the people. You don’t
really need to have a separate personal account on
Facebook. Though if you have one, you will have
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some added advantage as you will be able to directly
recommend people to like your page. The best thing
about running a Facebook page is that you get to
know the demographical data of the people who like
your page. You get to know their age, gender and
location so that you can modify your page and status
messages according to your audience. You may also
want to create a group on Facebook and add people
whom you know and start sharing your ideas and
discount schemes etc there. Trust me, it really gets
this easy.
2. Having a Twitter account is another way to connect
directly to your target audience. Twitter is a very
popular micro blogging site where you condense you
thoughts to 140 characters and share them with the
world. If you create a twitter account and start
following a few people who lie in your circle of
interest, you are sure to find some other people who
like your thoughts and views and might want to
connect with you. There are various ways through
one can master twitter for internet marketing.
However, you should also bear in mind to regularly
keep posting here as well. If you lag behind or leave
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your account untouched for quite some time, you may
make it stale and leave out on chances to meet like-
minded people, marketing gurus and even potential
consumers.
3. If you own a Google account, you can easily switch
to using Google’s very own social network Google+.
Even if you don’t own a Google account, all you
have to do is simple sign up for one, and you
automatically get a Google+ profile. This service
provides you with circles. It is more like subscribing
to the posts of other people. You can manage your
friends, professional contacts etc in different circles.
Moreover, the more G+ you get, the more popular
you become, so don’t forget to sync up with this
service.
Participate in local trade fairs
The government and business community now are
giving much attention to coming together. A local
trade fair may give you the best opportunity to show
off what you got. This gives you targeted audience
gathered at one place, so you know that the people
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who are coming there are the people who are
interested in knowing about you, your service and
probably buying it.
Moreover, you get to meet a lot many people in the
same business. This helps you build your network
and also get some reputation for you in the market.
This is the most sure shot way to get some real time
marketing for your business. Even more beneficial
thing is that you get to analyze your strengths and
weaknesses as compared to your competitors in the
market and also some good motivation to improve.
However, these benefits do not come absolutely free,
as you may have to pay a certain fee to book a stall.
Still, the cost incurred is a mere nothing as compared
to receivables.
Float your business card through a
business network
The oldest method to let anyone know about you and
your business is giving them a business card. This
small piece of paper will tell the person enough
information of who you are and conveys just the right
information about you.
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A business card typically includes your business
name, a tag line (if you have any), your name, your
telephone number(s), e-mail addresses, website URL
and your location.
Remember, a business card should not be loaded with
unnecessary information. You don’t have to write
everything about you. A business card is a short
introduction not an essay of your work.
Always prefer a card which is plain and simple. Do
not go for a fancy design or contrasting colors. Prefer
to keep it to the point.
What all can you do with your business cards?
Simple, just float these cards around to your friends,
relatives and people you know. Often people keep a
bunch of cards to get some reference when they need.
Your friends and relatives might come across
someone who may need your professional help. Also,
don’t forget to float these cards to people who you
meet in trade fairs I mentioned above and also to
your clients so they may come back to you whenever
they need you again.
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Make contacts, keep them
The one very important and useful thing that you
need to know as a small business owner is that
contacts are your golden coins. You need to
understand that the more contacts you will make, the
more chances are that you will meet people in your
area of interest and potential consumers as well.
You will get to meet people everywhere. This does
not mean that you have to establish contact with
every other person you meet. Here, you have to
create a filter and decide which people are really
important and who are actually going to help you
further. For example, if you are a local grocery shop
owner, you won’t really be benefitted by giving your
business card to a cousin who lives in another
country and who works in an MNC.
Also never forget to follow up with your contacts. If
you have their phone numbers and e-mail addresses,
you can regularly keep in touch by sending season
greetings and wishing them important days. This
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helps in maintaining the relations and also builds
your credibility.
Get to distribute samples, free stuff
You must have heard about ‘leading by example’.
Now it is time to do the same, with a little twist. Let
people know about your product/service by sampling.
For example, if you are in the publishing business,
you may distribute a free sample to a few selected
people.
This would get you valuable feedback. And if your
product is good enough, a good feedback will be very
helpful for you to market the whole batch in real
time.
Like in our example of book publishing, you do not
really need to send the whole book out. You can send
a few chapters. However, in cases where the product
cannot be distributed in small portions, like a
medicine or something similar, it is better to send the
whole product.
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Organize a competition/event
This is something that will cost you less and can
make you immensely popular in a single step.
However, it is not free nor will it cost you just one
lunch, yet the cost can be lower than other methods
of promotion. All you have to do is organize an event
or a competition.
For example, you run a small restaurant and want to
increase the footfall of people in your eatery. Just
advertise in a local newspaper or rather but a small
handmade banner outside your premises that you are
organizing a cooking competition in your restaurant
the coming Sunday. The theme is ‘xyz’ and the
winning dish will get to feature in the menu of the
restaurant along with the name of the cook.
All set. Now you will definitely be spending a little
amount if you advertize, but even putting up a banner
outside the shop will do the trick. People will come,
the dish is chosen and as the competition is being
organized in your restaurant itself, you will earn
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some instant money and will make customers for the
future.
In our example we saw exactly how simple it is to get
BIG. Don’t be disheartened if you don’t get
thousands of people waiting outside to get a look at
what you are doing. If you can continue the event on
a regular basis, you will certainly draw some crowd.
Remember again, it is about quality and not quantity.
Keep a check on competition
You need to know what other people in the same
trade are doing. Though it is not something that you
should put all your effort in, but still it matters.
In the next example, Mr. A is the owner of a bakery.
There are 5 other bakeries in town. On Christmas, the
rest of the bakeries are offering 20% discount on the
latest series of cakes that they have come up with.
These new cakes are of innovative flavors and are
decorated in an all Christmas fashion. Will you lag
behind in sales?
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The answer is yes. Your competitors are offering
something new and on a discounted price. Given a
choice why would your customers choose your old
cake designs and higher prices as compared to what
they are getting by your competitors?
Therefore, you have to be really alert in this case.
Your prices have to be competitive, reasonable and
your product should always be made and modified
according to the taste and interest of the customers.
Don’t forget your old friends
Your old friends and relatives are your best bet. They
are really the people who will help you in bad times
and in business times as well. It is really important
that you let your friends know what you are doing
and your motto behind it.
As I told you earlier as well, floating your business
cards and making business network is something that
can be easily done with the help of your old friends.
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Maybe you are a software developer who quit his job
to set up an IT company. Don’t forget to be in touch
with some trustworthy friends who will help you in
setting up the company and will also help you to get
some business. And if your friends cannot provide
you with all these material benefits, they are always
there for the moral support. That is what they are for,
that is what your family is for.
A business will put a lot of pressure on your brain.
The people around you play a very important role
here, as they help you cope with the stress and move
ahead.
Be a part of online communities
It is always great to join people. Being a part of
online communities gives you an added edge to get
the right information about your area of interest. The
best thing about these communities is that they attract
consumers, experts, sellers and other interested
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parties alike and are more likely to discuss the right
thing with you. You can not only ask questions, but
you may also answer them and in turn increase your
credibility. The more people know about you, the
more are the chances of the recognition of your
business.
Now the question is how will you find such
communities? It is very simple, you can check a
website dedicated to such discussions, or can join
various groups, pages and communities dedicated to
the topic of your interest. For example, if you are a
member of LinkedIn and run an IT firm, you can join
any of the huge number of groups there and get
valuable information. There you can also connect
with like-minded people and may also be able to
catch a good fish. It is all about communication.
Join a social cause
Now it is something really vague prima facie. Why
do I need to join a social cause if I am an educational
consultant? What has social work got to do with
business?
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Joining a social cause associates your business to a
wide range of options that were otherwise
inaccessible had you focused entirely on commercial
purposes.
In an example, if I am an educational consultant
providing help to students for studying abroad and
preparing them clear the IELTS, I would generally
not think of some social service and would rather
focus on my advertising and marketing chain during
the peak time.
In this situation I come across a friend who tells me
that there must be many students who do not happen
to read my advertisements. There must still be many
who are willing to join the institute but would lack
adequate financial resources. Again there must be
students who want to go abroad and join the institute
but do not have the right information of the procedure
as a whole.
In this case, I can either waste my money on heavy
advertising, most of which goes a waste. Or I can opt
to organize a merit scholarship test for all those who
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want to go abroad and study. The first five students
get a scholarship worth 30000 rupees and so on.
This way I stand a greater chance to be noticed, to be
talked about and also enhance my credibility amongst
my target audience.
Famous Last Words
In the end it is apt to say that the more you open up, the
more chances of you being recognized. The world is no
more a simple economy. There are thousands of buyers
and sellers, with products slightly different from each
other. Therefore, it is really important to make your
product and service stand out amongst them all.
The question is how? Money makes the world go around.
But when it comes to marketing, you have to be really
economical. The first difference I read between
advertising and publicity in school was that publicity
comes free of cost and advertising needs to be paid for. So
if you can use the publicity tool for free, why spend
thousands on advertising. A carefully planned and
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economical advertising plan combined with a well
planned and rather aggressive form of publicity.
You can apply these steps in real life. They will surely
help.
If you want to know further kindly send us a mail at
You can follow me on twitter @mycontentlab and
@nehajoychauhan or like our page
facebook.com/MyContentLab
Have a great time networking your business!!!