Posts Tagged ‘Business Tips’

Why You Should Stop Using Free Email Services For Your Business

Monday, January 19th, 2009

Stop Using Free Email Services For Your Business

Free Email Service

Free Email Services

Do you want your prospects to take your business serious? Then you’ve got to stop using free email services to run your business! Come to think of it, how will you feel if you receive an email from Apple Inc. and the email address is mr_apple@gmail.com? You most likely will assume that the email is fake and probably the work of scammers.  Successful Entrepreneurs don’t use such services to run their business!

Why You Should Stop Using Free Email Services

The online community has a peculiar way of evaluating business outfits. You will hardly be taken serious as an entrepreneur if you do not have a  unique domain name registered for your business. Online prospects will simply assume (more…)

7 Mistakes Home Based Online Entrepreneurs Should Avoid

Thursday, December 11th, 2008

That online business is easy to start and cost little capital to kick off does not mean you can just start one and achieve success without proper approach. Just as easy as it is to start, so it is easy to pack-up.  Experts claim that about 90% small scale businesses fail within the first five years. The failure rate for the online home based business is worse. Too many home based online entrepreneurs get confused and frustrated within the first six months and they end up packing-up.

If you are really serious about starting a home based online business and making success of it, then you need to learn from the pitfall of others so that you do not end up like them.

1. No written Goal and Plan

If you don’t know where you are heading to, you will end up arriving nowhere. Starting an online home based business without having a proper written Goal and drawing up a blueprint of how you intend to arrive at the goal is sure road to business failure! If you write out your goal and spend time developing a blueprint you will discover potential pitfalls and hurdles that you are likely to meet on the way. Also, it will be easy to evaluate your progress by comparing result with expectation.

I know you want to ask, is it necessary? Are those stuff not for big entrepreneurs? Well, you want your home-business to be as successful as that being run by those big entrepreneurs, don’t you? If you want to be a successful entrepreneur, then you must think and act like a successful entrepreneur. (more…)

5 Tips For Ensuring Consistent Customer Patronage

Thursday, December 4th, 2008

How Do I Ensure Consistent Customer Patronage?

An entrepreneur is consider successful when he has gotten a good number of customers who consistently patronize his products or services. It is the dream of every business man to have satisfied customers returning time and time again to make more purchases. Here are five tips that many successful entrepreneurs use to build such customer patronage.

1. Build Good Personal Relationship With Your Customers

Don’t just aim at your customer’s purse or pocket! Render quality services that will truly satisfy their need and then back that up with a personal touch that shows you are genuinely interested in their welfare. When you do this, they will come to consider you as a friend instead of a salesman that is after their money.

Remember that everyone craves for attention and recognition. Don’t wait for them to ask for it. Give them attention, make them feel special. Treat them as friends! Research has shown that about 80% of customers who complain are just seeking for attention, not that they actually have a serious issue with the product or service they are complaining about.

Don’t wait for such customer to ask for attention, give it to them cheerfully. You can be assured they will return for more.

2. Be Courteous To Customers

Treat each client as a king. Believe it or not, without their patronage, your business is as good as dead. Also note that an unsatisfied customer can cost you so much in terms of bad publicity. He or she can make you loose potential income by discouraging others from doing business with you. Unfortunately, you may not be given an opportunity to defend yourself before such potential customer pass a vote of no confidence on you and your business. Do all within your power to treat each customer with respect, kindness and offer extras as much as you can afford.

3. Business Integrity

This is your greatest asset as a business owner. Deal with clients honestly and insist that your employees do likewise. Never make a promise that you cannot keep. Always keep your promise even if it requires a sacrifice to keep your word. This will win your customers trust and make them have confidence in you.

4. Reward Clients Patronage

Devise a means of compensating clients who patronize your business often. Make them feel they are special because indeed they are special to you. They are the ones that gives your business stability. Give discount and if possible render some additional services to such consistent customer without demanding for payment. This will enshrine you to their hearts.

5. Add Value To The Society

In all your dealings, always seek for a way to add value to the society. This pay huge dividend on the long run. Human beings are intelligent, they know the difference between a business man who adds value and the one that seeks for profit.

Summary

If you make up your mind to render quality services and products, beyond what you are paid for, in due time, clients will be eager to pay you for more than you offer. Many successful businesses have built such goodwill that people are willing to pay more for their brand of product even when it is the same quality with that of a competitor. You can get future updates to this post 5 Tips For Ensuring Consistent Customer Patronage by subscribing to Nigerian Entrepreneur RSS, cheers.

How To Survive Difficult Economic Times

Wednesday, October 22nd, 2008

How to Survive Economic Recession as an Entrepreneur

The United States of America and other nations in the world are currently experiencing Economic Recession.  This downward trend in the growth of the economy is having adverse effect on global businesses. The Stock Market Crash is a good pointer at this difficult economic times.  The question an average entrepreneur wish to ask is, How can my business survive this difficult economic times? To answer that question, we need to consider some facts.

First we need to understand the fact that, irrespective of how careful an entrepreneur has been, sudden changes in the business climate can have adverse effect on his business. For example, sudden change in Government Economic Policies, rising Inflation, sudden change in Interest rate, Sudden Changes in the International Markets, Wars or Civil Unrest etc can adversely affect the economy of a nation thereby creating difficulties for business owners. Be rest assured that such events will always occur it is just a matter of time! (more…)

Creativity in Business Not Competition

Tuesday, August 12th, 2008

How do you measure success in business? I bet you determine how successful you are by comparing your performance with that of a competitor that you secretly envy. Well, that is a big mistake. Like it or not, it is a totally wrong approach that places limitation on your potential as an entrepreneur.

I will ask you three simple questions. After you have answered them sincerely, I will point out the reason why competition is not the way to go in business.

  1. Who made the Rule? (I am referring to the business rule you are trying to follow)
  2. What qualifies the fellow to be the judge of what is IDEAL?
  3. What stops you from making the Rule and being the judge of what is IDEAL? (more…)