Archive for the ‘Small Business Tips’ Category

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 the ‘Small Business Tips’ Category

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 the ‘Small Business Tips’ Category

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 the ‘Small Business Tips’ Category

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 the ‘Small Business Tips’ Category

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 the ‘Small Business Tips’ Category

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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Archive for the ‘Small Business Tips’ Category

Who Ya Gonna Call for Help With Your Business? Not Ghostbusters, But Crowdsourcers

Small Business often get the  feeling they are alone on an island.  Sometime they can feel that island is haunted by competitors, new entrants, angry customers and all sorts of other folks who can scare a small business.  A small business can really feel like they are alone trying to keep their head above water managing their day to day business business.  But what about growth, what about adding product and service enhancements that your customers have been asking for over and over or that upgraded website that you know you need?  And how about all of those branding and marketing initiatives you have been hoping to spend time thinking about, creating and designing?

Enter Crowdsourcing. This is a method to get your business to address many of these issues.  Even better, typically you can use crowdsourcing to get help from individuas and suppliers with subject matter experience and at a low cost.

Wikipedia defines crowdsourcing as “taking tasks traditionally performed by an employee and outsourcing it to a group (crowd) of people or community in the form of an open call.”  So what this means is that there are people all over the United States and in  fact the world who have skills that your business can start using immediately.  There are actually multiple websites or skill portals that are solely devoted to specific areas of a business.  At these website and skill portals, talent of all skill levels and expertise congregate and compte to provide services to small, medium and large businesses.

Here is how it works:  You posts a problem, project or an idea related to your business directly on a particular website or portal.  The crowd of folks that have an interest or a level of expertise in that problem, project or idea then give you feedback.  Then the crowd can even comment on the crowd’s feedback or your follow-up feedback to the crowd.  After this, you can ask someone from the crowd to assist you with your problem, project or idea if you decide their feedback is in line with what you would like to use.

Review Profiles of Suppliers Most of these sites have supplier and user profiles that you can review. during the exchange of feedback over a project.  The supplier profiles typically detail a supplier’s or individual’s skill set, expertise and even examples of their prior work on similar issues.  Many profiles have a feedback mechanism so you can see  feedback that has been posted from prior users of that person’s services.  This allows you to make an informed decision for your small business about what member or supplier from the crowd you want to hire.

Inc. magazine recently had a nice example of a crowdsourcing success story for small business. Another good post about how crowdsoucing is even involved with American Idol can be found here.  And even the city of San Francisco is using crowdsourcing through an application called City Sourced to address city issues.

Here are just a few crowdsourcing services that small businesses are using to help themselves.

1)99designs – Use this service if you want something designed.  Crowd members specialize in providing graphic design and logo design services.  Get your next logo or product brochure designed here.

2) Odesk – Use this service if you want to get a website designed or even if you would like to have a quick IT project such as a computer application built for your website or company. You can even get sales and marketing services, customer support and translation services here.

3) NameThis – Use this service for naming services.  So if you need to rebrand a product, create a new product name for a line you are launching or need a new catchy name for your blog, NameThis and the community there can help your business.

4) Threadless – Use this service the next time you go to a trade show and pass out some cool T-Shirts with your brand name on it.  Threadless was profiled in Inc Magazine where they described Threadless as a place where The Customer Is the Company!” The community of designers will help you design your next company shirt.

5) iStockPhoto Use this service when your business needs an inexpensive image, illustartion or video for your company brochure, website or presentation.

6) Guru – Use this service for your business to access freelancers who work on legal, finance, accounting, data entry and evenHR and payroll matters.

Remeber when using any of these crowdsourcing sites, ask a lot of questions, do your dillegence and make sure to utlize the escrow and payment milestone services that some of these sites use.  That way you can protect your business when you use these services.

So if you add these recources to the great small business tools and widgets we identified previously you can know you aren’t alone anymore on the small business island!  Start using these recourcss to beat back those ghosts and competitors.

Please share your crowdsourcing experience with us in the comments.

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Archive for the ‘Small Business Tips’ Category

Diary of a Tech Start-Up: Funding…Dance with the Devil or Not

One of the ongoing debates going on with our tech start-up is whether to seek outside investment or not.  The first point that is often made by one of us is that it is too early to be thinking about it.  Heck, we just launched the beta version of this site and are now getting our first customers…isn’t it a bit presumptive to think about asking for $$ from a stranger? 

This scenario reminds me of a scene in the greatest movie of all time — Waiting for Guffman.  Corky St. Clair is charged with directing a play about Blaine, Missourri’s history.  Corky approaches the City Council and states that the ONLY thing he needs to throw the play is “one hundred thousand dollars”.  When informed that the City’s annual budget is $100k and that includes swimming, Corky responds “there won’t be swimming in my play.”  How does this tie into our discussion for asking for outside investment?  Well, maybe it doesn’t but it’s a great movie.  No, my point is that we before we seek out investment, we need to clearly establish a need for our services and that we have a competent management team that will know what to do with the money if/when we do get it.  We can’t go in all Corky St. Clair, not having a clue as to what is a reasonable amount of investment and establish what we are going to do with the money will have a strong likelihood of showing a return on investment.  See Corky asking for money

Now comes a more pressing question.  Assuming the time is right (and we don’t ask for the entire City Council’s budget), do we seek out investment at all?  As Raj pointed out in an earlier post, there are now a lot of tools that exist that make starting and running a business very inexpensive.  To date, we’ve been self-funding KikScore and we’re pretty good at stretching a dollar.  While it would be great to have a swank office and have the ability to throw an awesome holiday party with a DJ, it may not be worth the equity and control we’d have to give up (it really depends on how good the DJ is).  We’re not alone in our thinking.  According to a recent posting on www.rockyradar.com — 84% of Inc’s Fastest Growing 500 companies never received venture capital (though many did likely get angel financing). 

Several of us on the KikScore team have been part of venture-backed companies previously.  Some of us had good experiences, some of us did not.  So, as we continue to grow our customer base and improve upon our core product, the debate within KikScore will rage — do we continue to self-fund or do we seek professional investment.  We’ll keep you updated (and we’d love to hear your thoughts about it).

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Archive for the ‘Small Business Tips’ Category

Black Friday Is Coming

No Black Friday is not every Friday during the NFL Football season before yet another Cleveland Browns loss. If you are an online retailer, you really know what Black Friday is and what it means for your business.  We at KikScore wanted to pass along this very good article on dealing with shopping cart abandonment before Black Friday.  Some interesting statistics from the article are:

• Shopping cart abandonment can result in a loss of 70% of a merchant’s potential sales.
• Merchants that take steps to proactively address shopping cart abandonment by re-marketing to shoppers who abandon their shopping cart can recoup up to 50 percent of the losses from those abandonments
• SeeWhy’s Founder and Chief Strategy Officer, Charles Nicholls says that if you re-market through email within hours of the shopper’s abandonment,  merchants can get up to a fifty percent checkout rate on those abandonments

With Black Friday coming, the lesson learned is if you can take proactive steps to address those shopping cart abandonments through re-marketing, you can turn those abandonments into conversions.  That will make Black Monday much better than Orange and Brown Sundays after another Cleveland Browns loss!!!!

Tell us if you have any ideas or suggestions for addressing shopping cart adandonment in the comments.

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Archive for the ‘Small Business Tips’ Category

2009 Trends in Ecommerce: Open Up That Box of Tools!

The economy made the last few months a challenge for everyone including online merchants.  The good news for merchants is the growing availability in 2009 of cost-effective tools that can make an online shopper’s experience better.  Every online merchant should consider using these tools to enrich the experience for their customers and also reduce a merchant’s costs.

1. Widgets

Widgets are everywhere.  Developers around the world have developed small applications that can be installed quickly and for free to nearly any type of website.  Widgetbox and Google Apps and Gadgets are just two of the places where merchants can go to download a host of widgets such as calendars, feedback mechanisms, sales and discount applications and many more.

2. Outsourcing Applications and Staff

Merchants now have a number of options to use outsourced staff to support their business and their customers.  Need back-office help or staff to support your customers.  Vendors like MyBusinessAssistant.com offer end-to-end support for merchants for answering customer service calls, providing phone numbers, serving as a virtual assistant to coordinate tasks.  Companies like FreshBooks give small businesses the ability to easily invoice, track expenses and manage the finance operations for the merchant.  These tools allow the merchants too focus on their business and allow them to better support their customers.

3. Open Source Applications

The growth of open source applications has only helped small businesses.  SugarCRM is an example of a completely free (they also have higher end paid options) open-source application that gives merchants a fairly sophisticated CRM offering so that they can track, monitor and value customers and leads, among many other things.  There are also end-to-end solutions for customer support applications that are open source that a merchant can buy at a fraction of a cost of an enterprise application.  Soon there will be open-source applications for nearly every part of a small business.  This will only help small businesses and make them more competitive while cutting their costs.

What tools are you using or have begun using for your merchant?

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