Posts

Showing posts from April, 2014

Top 5 Secrets of Successful Direct Mailers

Image
Savvy marketers know that direct mail offers a cost-effective and potentially profitable marketing method -- but in order to work, it must be done right! In fact, some of today's most innovative and creative advertising is sent through the mail, according to Entrepreneur magazine. An effective direct-mail campaign can accomplish several goals, including: Generating leads Attracting new customers Engaging with current customers Expanding the reach of your brand Producing profits Here are the top five secrets of successful direct mailers. 1. Focus, Focus, and More Focus The success of any direct-mail campaign depends in large part on your audience, so you need to target the right people. A direct-marketing rule known as the 60-30-10 states that 60% of success depends on the list, 30% depends on the offer you present, and 10% lies in creative elements. This highlights the importance of choosing the right list for your mailing. If you're building your o

McDonald's Rules the Fast Food Industry, and What You Can Learn From It

Image
Whether you love it or hate it, chances are at some point you've eaten at McDonald's. This corporation was a major cornerstone of the building of the fast food industry and is currently one of the symbols of the exportation of American culture around the world. Perhaps what is most remarkable about the success of the franchise is how unremarkable it is. The restaurants serve burgers and french fries. Yet somehow, out of all the burger joints available, the one started by the McDonald brothers in San Bernardino, California, has gone on to serve roughly 68 million customers per day. How did this happen, and what can other business leaders learn from the company? The history of McDonald's McDonald's was first opened by the McDonald brothers in 1940. The little restaurant served burgers and placed an emphasis on quick service, putting the fast food principles developed by White Castle to work for themselves. By 1955, the restaurant became a corporation led by aggres

Oh, The Places You'll Go (In Business)

Image
Congratulations! Today is your day. You're off to Great Places! You're off and away! You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. You're on your own. And you know what you know. And YOU are the guy who'll decide where to go. You'll look up and down streets. Look 'em over with care. About some you will say, "I don't choose to go there." With your head full of brains and your shoes full of feet, you're too smart to go down any not-so-good street. And you may not find any you'll want to go down. In that case, of course, you'll head straight out of town. ... And when things start to happen, don't worry. Don't stew. Just go right along. You'll start happening, too. OH! THE PLACES YOU'LL GO! The opening lines of Dr. Seuss's Oh, the Places You'll Go! have been read by graduating students, entrepr

Keeping in Touch with Your Customers -- Without Annoying Them

Image
When you're trying to build your business, it's easy to get caught up in the thrill of the hunt -- for new customers, that is. However, as studies from the Harvard Business School show, focusing attention on existing customers and increasing retention rates by just 5% will increase your profits by 25% to 95%! Of course, savvy business owners know there's a fine line between keeping in touch and being a bit... well... annoying, or even worse, stalky. Put yourself in your customers' shoes: How many e-mails do you want to receive every day? How many phone calls do you want to take? Sure, persistence is important in cultivating your customer base, but overdoing it can prove counterproductive by annoying the very customers you're trying to reach. Here's how to find the right balance. Make it Personal Who doesn't like to receive a personalized card or handwritten note in the mail? There's a world of difference between sending out an impersonal

Building the Main Street of the Past Into Your Modern Business

Image
For many of us, the idea of the small town is iconic. For some, it embodies the place where they grew up or currently live. For others, it represents more of an ideal than anything based on personal experience. In any case, quintessential small town life presents a business model we all can learn from. Main Street Every small town, it seems, has a Main Street -- a place dotted with mom-and-pop shops, each with its own inviting display, encouraging people to stop in and check out their wares. The bakery or candy shop often has samples out front for people to stop by and taste as they walk down the street. The neighborhood grocer knows the patrons by name and has a variety of appealing fruits and vegetables right out front. The local cafe offers places for people to sit outside and engage with others as they pass by. The 'Main Street' of the Internet For many people, this real life type of Main Street is just a figment of their imagination or a distant memory of d

Picking Teams for Sports or Business: The Same Strategies Apply

Image
Pickup games are the basis of many fond childhood memories -- or nightmares, depending on who you ask. Whether the neighborhood children preferred to play games of basketball, baseball, or hockey, standing in line while waiting for the 'captains' to select you could be pure torture. Those with a bit of athletic prowess would eagerly wait to see if they were going to be on the same team as their friends. Those with a bit less skill crossed their fingers that they wouldn't be picked last. What made picking those teams so stressful Children understand that the team you choose matters. The team will decide whether you'll emerge victorious or go home to dinner with your tail between your legs. Growing up, being picked first was an honor. It meant the other kids respected your abilities. Being picked last was something to be avoided. Team captains would fight to fill out their teams with people who could successfully fill each position on the court or field. Even

Add Pinterest to Your Marketing Strategies

Image
As a savvy business owner, you're probably already using multiple marketing channels -- such as printed media, ads, and social media sites like Facebook and Twitter -- to get the word out about all that your company has to offer. But you may be overlooking one of the most popular and fastest-growing social sites of all: Pinterest. If you think of Pinterest as simply a place to "pin" cute pictures of your dog or the handmade decorations from your kid's latest birthday party, think again. A 2014 consumer trends report from ShareThis shares a few (very) interesting Pinterest trends that should make any business owner who wants to take advantage of all possible marketing channels stand up and take careful notice, such as: Pinterest users grew by 58 percent in 2013, making it the fastest-growing sharing site, even beating out Facebook and LinkedIn. Pinterest is the third-largest social sharing platform. Sharing on Pinterest has outpaced sharing through e-mail, an

Honest Abe, A Cherry Tree, and Running a Successful Business

Image
Quick: Name two of the most popular historic U.S. presidents. The first names that come to mind for most people are George Washington and Abraham Lincoln. These two presidents are well known for their leadership during tumultuous times in American history. But they're also known for their place in American folklore. Specifically, they have both gained reputations for being exceptionally honest. George Washington and the cherry tree According to the popular story, young George Washington was playing with his new hatchet when he killed his father's favorite cherry tree. When his father confronted the household about who had hurt the tree, young George quickly confessed, telling his father that he could not tell a lie. His father forgave him, reinforcing the importance of his son's honesty. George Washington carried this lesson about the importance of telling the truth with him the rest of his life. Honest Abe Before Abraham Lincoln became involved in politics,