Archive for 2009

A Few Good Blogs: Our Go To Small Business Blogs KikScore Likes Part 2

This is Part 2 in our series of KikScore’s go to small business blogs. Part 1 is here

There are blogs now for nearly everything under the sun. That translates to a lot of noise out there. So how do small businesses try to figure out which resources they should use online to stay up to date on trends and to get rock solid guidance from experts? The best way is through word of mouth and also getting recommendations from other small businesses. So here is our Part 2 of our list of some really good blogs that we at KikScore read:

1. Duct Tape Marketing– John Jantsch who runs this blog is a master of small business marketing, social media and strategy. His guidance is practical, to the point and is recognized by the small business community as one of the go to resources for small business success.

2. Fresh Inc. – Inc. Magazine is by far my favorite magazine to read. If you are an entrepreneur or a small business enthusiast, Inc. is a must for a number of reasons including its rich stories, wonderfully written profiles of small and medium businesses and its relentless focus on telling the small business story. Fresh Inc. is the blog of the writers of Inc. and it is a fantastic extension of the magazine.

3. CopyBlogger -Brian Clark is the founder of CopyBlogger. We like Brian for a number of reasons including because he calls himself a “recovering lawyer.” We have three of those on the KikScore team. But the interesting thing is he uses that legal background to give great guidance on all types of issues including writing copy for websites, making great sales pitches that stick and delivering killer content. Entrepreneur and Technorati are just some of the folks that have recognized Brian and the CopyBlogger.

4. Small Biz Survival – Becky McCray writes from a unique small business approach. She writes from a small town perspective as she owns a liquor store and cattle ranch in Oklahoma. She might write from a small town perspective, but she knows the ins and outs of small business issues big city, small city, global or local.

5. The Toilet Paper Entrepreneur – Mike Michalowicz runs this fabulously named blog! Mike’s approach to his blog and small business success is to stay away from the media’s over glossy approach to entrepreneurship and instead focus on the incredible hard work that makes entrepreneurship success possible. He does a great job of equating in a very good (and clean!) way entrepreneurship with the bathroom experience.

Check these blogs out, when you get a moment. You will not regret it!

Do you have a go to blog? Let us know which one it is.

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Archive for 2009

Social Media & Your Biz: Open Up So You Can Close

Though the Internet seems to be overflowing with blog posts, tweets, and Facebook updates, there are a good number of businesses that don’t use social media in any manner.  Initially, I wasn’t the biggest evangelist for social media.  In all fairness, others on the Team are much more sophisticated about how to properly use blogs and Twitter. My initial feeling on social media was “Why the hell would I want to read the thoughts of a complete stranger?”  The past 6 weeks, however, we’ve gone live with our site/service and my attitude has completely changed.  Initially, we did very informative, yet sterile, blog postings…ones that no one actually read.  My prejudice seemed to be confirmed.  We then became more candid and casual in our postings, linked them up to Twitter and Facebook and all sorts of good things started to happen:

1.  Our traffic and overall visibility to the site is growing exponentially

2. We have come across several companies that are reaching out to similar small business owners.  Two such partners are Shustir and MyBusinessAssistant — services that are helping small business grow faster and with less headaches.

3. We are getting direct feedback from the marketplace.

4.  Our customers have a good understand with whom they are doing business with — not just a slick website (though our site is pretty slick).

5.  I’ve been able to share my drinking stories and show pictures of my dog online under the guise of being helpful for small business.

We’re not just the only ones seeing the positive impact of opening up to social media.  One of our customers, www.17thandRiggs.com has a great blog and is active on Twitter https://twitter.com/RebeccaSM).  In under a year, Rebecca has transformed her site from a passionate hobby to a destination site for interior designers and those who want to keep up with the latest design trends (as well as a full-time business).  If you don’t like my anecdotal examples, do you prefer the Wall Street Journal’s anecdotal examples?  In a recent WSJ article, a featured small business discussed how her wedding planning business was significantly buoyed by using social media. 

Feel free to share your favorite social media success stories…or tips on using social media.

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Archive for 2009

The Rise of Nights and Weekend Entrepreneurs

While entrepreneurs may share various character and personality traits, there are may types of of entrepreneurs.  Some exist under the radar while others get all of the hype.  The one that probably gets the most news coverage and are therefore the most well known is the startup entrepreneur. The startup entrepreneur is the person that takes an idea, may get some angel or VC funding (or even self fund) and creates and launches a product.  These types of entrepreneurs get a lot of coverage as they sometime have high profile exits where other companies buy their product for millions of dollars. The recent Mint.com story is an example of this.

Other Entrepreneur Types

Of course there are many other types. One that is getting a lot of recent attention is the home based business entrepreneur.  Businessweek just had an article that covered some surprising stats for this group.  There are also the small business entrepreneurs that have stores, shops, bars and restaurants that we all visit nearly everyday of our lives.   Then there is the purely unintentional entrepreneur that due to job loss are forced into starting a business.  There has been a lot of coverage of these unintentional entrepreneurs lately due to the huge amount of job losses during the economic downturn.

Enter the Night and Weekend Entrepreneur Warrior

The entrepreneur that floats under nearly every radar is the person who has a full-time day job, but still is an entrepreneur through a side business. As demonstrated from this clip from the cult classic Office Space, Milton Waddams exemplifies where some people get their motivation for their side business while they work their full time job:

While nights and weekend entrepreneurs have various motivations for starting their businesses, they all face very similar experiences:

1) Time Crunch – Even more than other entrepreneurs, because of their 9-6 day jobs,  nights and weekend warriors can really only fully focus on their side businesses during limited time periods.  That can be used as an advantage because since time is so precious, these types of entrepreneurs must be even more focused on time management and efficiency when they do work on their own business.

2) The Constant Pull Away From the Business– Each night and weekend these entrepreneurs face the temptation when they come home from work or on that weekend, to turn on the TV or to go into procrastination mode.  It is even more tempting to the nights and weekend warriors because of the fatigue that sets in from the day job.  Nevertheless, there are successful entrepreneurs that overcome this temptation and beat the fatigue and procrastination demon that is there every time you come home from the day job.

3) Beating the Not Doing Enough Syndrome – Because the nights and weekend warriors do not have a dedicated 40 hours of time for their business, they constantly are fighting the guilt that they are not moving fast enough or getting enough done.  The way these warriors get through this syndrome is keeping that eternally optimistic side that is in the small business psyche and saying, I am moving forward and doing all I can.  Otherwise, this guilt will overcome and doom you.  Night and weekend entrepreneur warriors battle this syndrome every time they look at their “to do” list.

While these are common challenges, nights and weekend entrepreneurs also share the same hunger to create something that they can set the direction for and grow.  We imagine that we will increasingly hear more about these entrepreneurs in the future.

Examples of Nights and Weekend Entrepreneurs

Here are just a few examples of Nights and Weekend Entrepreneurs we know about:

KikScore is a company that is made up of nights and weekend entrepreneurs and see here and here for some background on our experience.

Design 2 Print – which is KikScore’s hats and bumpersticker vendor.  Rush at Design 2 Print offers a lot more promotional items such as apparel, glasses, mugs, badges, calendars and much much more. Their slogan is “Our Business is Promoting YOUR Business.”

Simply Astro – Shiv who owns this site and a host of others spends nights and weekends devoted to fine tuning his astrology, horoscope, match making and Feng Shui site.

Know of any more, please leave them in the comment section below.

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Archive for 2009

Only Through Consistency Can You Avoid Being "Best in Coat"

All dog owners think they have the greatest dog — but until today, I was convinced that mine was truly “the one”.  At home, Bo (our 5 year old Golden Retriever) is well behaved.  He’s never on the furniture, doesn’t beg from strangers and overall is low-maintenance.  I take Bo to doggy day care (check out www.citybark.com— greatest dog day care ever).  He’s been going there since he was 3 months old.  Recently, City Bark designated certain “dog awards” for the regular attendees.  Needless to say, I thought we had “Best Dog” locked up (due to his general disposition and my lobbying of the title).  Well, the votes came in and Bo was given the title “Best Coat”.  What?!  Is that even a category?  It feels like someone in the Miss America competition winning “Best Smile”.  It’s a made up award and really is saying, “your dog is terrible, but we want you to keep bringing your dog here.”  That’s when it hit me.  My experience with Bo is vastly different than City Bark’s.

Providing a consistent customer experience has to be the number one priority for all businesses, but particularly small businesses that are establishing a brand and customer following.  While a consistent marketing message is important, according a to a recent Business Week article, more importantly is to meet your customers expectations(not necessarily exceeding expectations).  Small businesses that consistently meet customer expectations don’t stay small for long.  Think about Starbucks.  It’s guaranteed that Starbucks doesn’t have the best coffee in every city in which it operates.  But when you’re not a local (or you don’t want to risk it on the local shop), more often than not, you’ll go to Starbucks because they are excellent in meeting a customers expectations on a soy latte.  I’m not suggesting that the goal of every small business is to become a multi-national corporation, but there is a reason why these established brands are successful.  They stress consistency because that is often deemed more important than creativity or a superior product/service.

Please feel to share what your business does to maintain consistency…or if you disagree with the need to emphasize consistency.  Or, if you think “Best in Coat” is a legitimate prize that I can take pride in.

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Archive for 2009

Diary of a Tech Start-Up: Disagreement Over Product Features

Lord of the Flies

If you’re doing a start-up with other people, I guess it’s unavoidable to have disagreements with your team. If you’re lucky, the biggest disagreements center around where to go for happy hour. Personally, I like Chili’s. I know it’s not necessarily cool, but the chips and salsa is really good (very salty chips) and the margaritas are big (and unlike I’ve mentioned in previous postings, the glasses are very easy to hold onto). It’s also very unlikely that you’ll run into your competitors at Chili’s — as these weak-kneed companies can’t buck peer pressure and social convention and won’t be caught dead there.

Recently, our team has been caught up in a larger kerfuffle.  It centers around how we promote and/or explain the shopper experience that can be expected on our customer sites — via a numeric score. Some of the customer feedback is the concern that shoppers may equate an 820 (which is a really high score) with a “low B” rating (which would get you valedictorian status at my high school).

A contingent of our team believes that, because we already spell out the guidance of the numerical rating (“great experience”, “good experience” and “poor experience” expected), to remove customer confusion, we could eliminate the actual score. Other team members argue that the numeric rating shows the precision and sophistication of our scoring model (see posting on our algorithm), and it is something that our customers need to accept.  Take a look at one of our customer’s sites, at www.17thandriggs.com to see the current version of the user experience.

We’re working through how to please all the team members, but this disagreement doesn’t seem to have a clear mid-point. I guess that’s the point of working with the right team. If everyone has an opportunity to express their views, whether the decision goes the way a particular team member wants really isn’t important. It’s that there’s an underlying level belief that ultimately, with enough deliberation, the group can reach the best decision for the business and the customer.

On the other hand, instead of thoughtful deliberation, we’re also thinking of implementing Mixed Martial Arts in our team meetings. I may have a bit of a paunch, but I have a pretty good reach.

Feel free to give us your opinion in the comments below on your feedback on this issue.

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Archive for 2009

E-Tailers: This Holiday Season Use Facebook and Twitter as Your Online Mall

Most people can’t stand the malls around the holidays. Too many people and too little parking spaces help keep shoppers away from the malls not only on Black Friday but throughout the holiday season.  Increasingly where have some of these shoppers turned for their holiday shopping instead of going to the mall?  Well with the mass of online shopping that gets going now on Cyber Monday and continues through the holidays, online shopping has created a great alternative to those people who want to avoid the crowds.

So what is different this year than previous years when it comes to online shopping and targeting these shoppers for our online store?  Unlike last year, many of the online shoppers now are on Twitter and Facebook and other social media and networking sites.  This creates a great opportunity for e-retailers and their online stores. But you have to have a strategy and be relentless about executing on that strategy to take advantage of this new trend.  Here are some helpful tips to get you going so you can turn all those shoppers that are using Twitter, Facebook and other sites into paying customers.

1. Join and Listen. If you are not already on Twitter and Facebook, join these sites or the social networking sites where your customers and potential customers are at. Once you join, start actively listening to conversations on these sites. The better you listen the more effective this type of social customer research will be for your small business.

2. Use Search Terms. Based on your research, use Twitter and Facebook to try to set up search terms (especially with Twitter) that relate to both your business and products that you sell. TweetDeck is a tool that you can use for your business to set up and track search terms across all conversations that are on Twitter. It is a really powerful tool. So for example, if you sell rugs at PlazaRugs.com like a former colleague of mine Andy Ketter you would want to set up in TweetDeck search columns related to “rugs” and maybe even certain brand name rugs.  This will help you track the conversations that are going on that may relate to your product or service that your business offers.

3. Quickly Act on Mentions.  The key to using Twitter and Facebook effectively here is that when someone mentions one of your search terms (i.e. products/services) during a conversation that occurs in the greater community on Twitter, Facebook or another site, you act quickly to join the conversation and even make contact with that person inquiring about a product you may carry or service you perform. Once you make contact with that person by sending a tweet to them, you can engage in a conversation with someone in the online mall.  You can even try to recommend your product or service if the shopper is inquiring on Twitter or Facebook about who sells a particular product that is similar to yours.

4. How it plays out. The best way to demonstrate this is through an example.  So if your online store sells  any and all types of T-shirts related to beautiful Cleveland, Ohio, you can try search terms that relate to “Cleveland”, T-Shirts”, and “Funny T-Shirts.”  So when someone in a Twitter conversation tweets, “I am looking for a funny t-shirt.” or when someone on Facebook updates their status and says “Wish I could find a funny t-shirt about my dad’s hometown in Cleveland.”, you can join the conversation and casually (now don’t be too pushy) suggest that they check out your store for a t-shirt that has a picture of the year Cleveland Browns won the Super Bowl…..that is funny because it never happened and will likely never happen in any Cleveland fans’ lifetime. Or maybe you sell them a picture of when the Cuyahoga River caught on fire just outside of Cleveland…

So there you have it. Start using Twitter, Facebook and other social media sites this holiday season so you can be in the right place at the right time in the online mall.  In the end the sheer volume of shoppers who are in the online mall on Twitter and Facebook will present a unique sales opportunity this holiday season for your store that did not exist last year.  You just need to have the tools set up so you can a) know where your potential customers are at; b) quickly act when these leads suggest in their online conversations interest in products or services you offer; and c)  turning your interactions with these leads into holiday sales!

Tell us how you plan to use Twitter and Facebook this holiday season for your business.

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Archive for 2009

The Glass is Half Full, Because the Other Half is on My Pants

Optimism.  That’s the number one characteristic of most entrepreneurs.  Is it raining today?  No worries, because I look great in my raincoat.  No food at the party?  Not a problem, people just come for the beer.  The economy is on the verge of the second Great Depression?  Hmmm…I guess, no worries, because I look great in my raincoat. 

What made me think about the preponderance of sunshine in most entrepenuers’ outlooks?  Well, as usual, it began with a margarita (actually 2 and 1/2 margaritas).  My wife and I were having lunch at Rosa Mexicano.  And as the saying goes, “When in Rosa, order at least three pomegranate margaritas.”  It could have been the humidity, or the sheer weight of the glass, but as I gripped the drink and raised it to my mouth, it just fell into my lap.  I could have quit, but I started scooping the pooled liquid back into the glass (see above drink picture and realize most of that was sitting on my jeans prior to being salvaged).

So, how does this relate to small business and optimism?  I guess it’s a bit tenuous, but making the best of whatever the economy or marketplace throws you (or what you throw on yourself) appears to be a cornerstone for successful entrepreneurs. 

The University of Chicago Graduate School of Business did a thorough study on optimism as it relates to an investment stnadard for start-ups.  The outcome of the study is not shocking (but when you have a GSB study to back you up, you sound more impressive).  The overall gist was that entrepeneurs generally are overally optimistic in their assessment of their own businesses.  This has both good and bad implications for investors in these start-ups.  The Bad:  optimism makes it difficult for the founders to truly asses market acceptance and overal value of the business.  The Good:  Because of their optimism, most founders will work the required nights and weekends to make sure the business is successful.  Of course, the study hedges the overall take-away by claiming that “realistic” entrepeneurs will have a better ability to value the business.

So, is optimism a curse or a blessing?  And did I actually drink the salvaged margarita?

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Archive for 2009

A Few Good Blogs: Our Go To Small Business Blogs KikScore Likes Part 1

There are blogs now for nearly everything under the sun. That translates to a lot of noise out there.  So how do small businesses try to figure out which resources they should use online to stay up to date on trends and to get rock solid guidance from experts?  The best way is through word of mouth and also getting recommendations from other small businesses.  So here is our list of some really good blogs that we at KikScore read:

1) Startup Nation – If you have a startup or a small business, this blog not only has great tips and resources but it also has a great list of contributors that blog about marketing, customer service, financing and all sorts of other items.  The founders even host a great weekly podcast. The site is essentially a portal of all things small business.

2) SmallBizTrends – The owner of this site Anita Campbell is a small business expert and she also has an impressive line up of contributors to her blog.  Another reason I really like her (selfish, I know!)  is because her business and network of small business sites like BizSugar are based right outside of my hometown in beautiful Akron, Ohio. Anita also hosts an assortment of webinars on marketing, financing, social media and other small business focused topics. She plain knows small business!

3) SmallBizTechnology – So this site is a must review for the content but also for its owner Ramon Ray.  Before I had met Ramon, I had heard a lot of great things about him being a hugely energentic, small business evangalist. Unlike others, Ramon is one guy who lives up to the hype and much more!  Ramon’s energy, passion and knowledge of all things small business translates into this blog.  For a quick example of Ramon’s energy, here is a session he was a part of at the GrownSmartBiz Conference that occurred in Washington DC in late Septmeber this year.  His remarks start about half way in to this session.  Check it out (the whole session is worth a review!) and add this blog to your RSS feed.  Its worth it.

4) GetElastic – If you sell anything online, this blog is a must. When you are wondering about what is the latest tool or strategy you should use for your website, what you should do to optimize keyword terms or the latest trend for merchants during the holiday season check out GetElastic.  Merchants that sell online can really use this blog to help with day to day business issues.

5) WomenGrowBusiness – This is a unqiue blog that is run by recently named DC Tech Titan.   Jill Foster has assembled an all-start cast of small business female entrepreneurs that regularly contribute fabulous content on management, HR, financing, ecommerce, consulting, startups, communication and marketing, among many other items.  I also have met Jill and she is another huge small business evangalist.  She is also a fellow Dupont Circle neighbor! Jill literally has CEOs and other entrepreneurs beating down her door to contribute to the WomenGrowBusiness blog.

Do you have a go to blog?  Let us know which one it is.

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Archive for 2009

Will Online Shopping Be on the Upswing in 2010?

Here’s an original question for you to ponder — Is the recession over?  I know, your head hurts because you’ve never thought about this.  But pick yourself off the floor, take an aspirin and think about the question.  We all have our favorite gauges of whether things are getting better.  Mine is the restaurant test.  Throughout the economic apocalypse, my wife and I continued to go out to dinner.  And since we are creatures of habit, we go to the same 4-5 places.  In March, you could get a table at any time and the service was great.  This Fall, we’ve noticed it is getting harder to just walk in on a Thursday night (especially when I forget to wear a shirt…dang Houston’s dress code can be picky).  So, by my very scientific calculation, we are heading out of the recession.  My Grandma Nanners also claims that times are getting better, because they are charging more that the Country Harvest Buffet.  Let me tell you, Nanners can eat about 5 servings of mashed potatos…what am I writing about?  Oh yes, the recession.

Well, according to a recent report from eMarketer, things are looking up for online shopping in 2010 and 2011.  In 2009, U.S. online shopping was $139B.  While that is a lot of activity, that number is actually down .4% from the 2008 number.  In 2010, eMarketer projects an improvement from 2009, with U.S. sales going up significantly in 2011.

We’d like to know what you’re seeing out there — are you planning for a better 2010?

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Archive for 2009

Sell Online? Signup for KikScore 's Free Beta Service

Try KikScore Free

We here at KikScore want to help small e-tailers and online merchants succeed by selling more.  So we launched a new product late last month that allows small online businesses the ability to demonstrate to online shoppers that their business is trustworthy, reliable and has a trackrecord of success.

How does demonstrating trust help your store out?  Shoppers often look for signs of trust before they buy from an online store. (We discussed this issue here and here previously)  So why not give those shoppers information that directly relates to how trustworthy your business is.

The KikScore service allows you to take both publicly available information and verified information about your business and directly display it to online shoppers on your website.   The information is displayed through a dynamic KikScore seal that is continually being updated.  And even better, all of that information then gets scored and you can display your trust score to your shoppers.  Its like presenting shoppers a continually updated report card about your business. Now, just like in the 6th grade, you can get cash from more customers, in return for your good report card!

Sign Up Information

Please try us out. The service is free for a limited time.  Don’t worry, we will give you at least 60 days notice before we start to to charge for the product and you can cancel at any time.  You can sign up your business here.

Its a no lose situation for you business.  Try out our FREE service that allows your store to demonstrate trust so you can increase sales.

Examples of Some Merchants Using KikScore Seals

If you are wondering how the KikScore seal looks.  Here are three sites that are using the seal:

Interactive Security Group (KikScore’s parent company)

Tuftedtopper.com

17thandRiggs.com

Click here for a free sign ups for the KikScore service.  And come back and tell us what you think in the comments. Also check out the new KikScore video!

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