Sunday, 4 November 2012

How to Interview Customers and Get the Answers Your Business Needs

Many businesses need to know what their customers think and want, but getting the answers to their pressing questions isn’t as easy as it seems. It’s not that customers lie; it’s just that they don’t always tell the truth, are trying to spare your feelings, or are simply too busy to talk.

So how do you get the information you need to run your business more effectively?


It’s important to know you don’t have to interview hundreds of customers to get your answers. While most people believe their situation is different and unique, in reality, it’s not. Most people have similar needs, problems, and experiences. When interviewing customers, a consistent picture forms in as few as 20 customer interviews.

If your business is small right now, try to interview 10 customers per week. I usually send out emails asking for an interview in batches of 10 and I’ll get up to 8 positive responses each week. I don’t do too many at a time because even 8 interviews can be a big hit on my weekly schedule.
The first step is to send an email and make it brief. It should only be 2 or 4 lines. The structure of the email is simple: introduce yourself, ask the customer for a 15 to 20 minute phone conversation, tell them why you want to talk to them, and offer to call their assistant to arrange a specific time. Many customers feel honored that their opinion matters.

Always leave an hour in your schedule for the interview. I’ve rarely had one end in 15 minutes; mostly the customer keeps talking for 30 to 45 minutes. If I asked for 15 to 20 minutes, I make a point of showing respect for their time and ask them if they want to end the conversation after the allotted time.
Sometimes you don’t really know one customer from another, and so just asking all of them is the best you can do. If your customers have ever filled out a questionnaire, you may be able to target the ones in a particular category. If you know your customers, start by picking the happiest ones because you want to find more like them.

There are mistakes people make when conducting customer interviews. First, surveys don’t produce the same level of information that an interactive conversation does. In my personal experience, I get at least twice as much information from a conversation than from a fill-in-the-blank survey. Next, phone conversations work the best. In-person interviews are hindered by interpersonal dynamics. Lastly, don’t call customers out of the blue, make an appointment and get on their schedule. Everyone is busy. Calling someone unexpectedly just interrupts their already tight and overbooked schedules, and they are likely to cut your short.

If you feel you need to do in-person interviews, here are a few hints. See if you can meet them at a tradeshow, conference or networking event. The reason is people at these events are removed from their day-to-day situations and are at these events to talk to others. They are more likely to be relaxed and willing to give up more insightful information. Second, if you are at their offices, having a customer show you what they do or how they use your product is more useful than them telling you. If your customer is reporting in their weekly status report to their manager that a task takes 30 minutes per week, they may not want to have their boss overhear that it’s really taking them 4 hours to do the task.

Next, decide what it is you want to know and then outline the line of questioning. I recommend limiting it to 5 related questions. You don’t want a yes or no conversation, but an interactive dialogue. A few questions works best because then you can probe deeper or even redirect the conversation based upon the answers.
I always take lots of notes during my interviews. You can even record your interview, but if you do, tell the customer. Some people tend to clam up if the conversation is recorded, but not when you are taking notes.

After the interview is done, I review my notes and write a summary. Often, just the tone of their voice, or how the hesitate to answer a question can mean a lot.

Remember to thank them for their time. If you want to splurge, a gift card for a cup of coffee at Starbucks is all it takes to make them feel appreciated.

Recommended Books on Market Research
The Handbook of Online and Social Media Research: Tools and Techniques for Market Researchers
Marketing Research: tools and techniques

About the Author
Cynthia Kocialski is the founder of three start-ups and helps entrepreneurs transform their ideas into new businesses. Cynthia is the author of Startup from the Ground Up and Out of the Classroom Lessons in Success. Cynthia writes regularly at Start-up Entrepreneurs’ Blog. and provides in her video series information on Business Startup Success.
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Tags: market research Category: Customer Service
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Friday, 2 November 2012

Business Startup & Operation Manual

With Millions Of People Unemployed Or Underemployed, This Manual Provides All The Info Needed To Start And Operate A Business Either Part Or Full Time. Bonus Plan! Affiliate Info Http://www.bizstartupmanual.com/af.html


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Profit From Twitter

This Ebook Will Show You How To Effectively Set Up And Use Your Twitter Account To Target Followers Who Will Become Your Loyal Customers. Twitter Is One Of The Largest Social Media Websites And Provides A Fantastic Opportunity For Online Commerce.


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Thursday, 1 November 2012

What It Takes To Earn $1,000,000 In Direct Sales

Million Dollar Achievers Reveal The Secrets To Becoming Wildly Successful. Exclusive Interviews With Women Who Have Earned Over 1 Million In Direct Sales, Network Marketing, And Mlm. These Are The Unwritten Rules Of Direct Selling!


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Wednesday, 31 October 2012

How to Choose the Products to Sell in Your Small Retail Store

One of the most difficult decisions you will make when starting and operating a small retail store is picking products to sell to your customers. There are a number of factors that you need to consider when making your selections for your inventory. The last thing you want is to choose items that fail to sell, which in turn will jeopardize your store’s sales and profits at the same time.
When choosing the products to sell in your retail store, there are some questions that you need to ask. Even though subsequent questions can’t keep you from choosing ill-fated products, they will help minimize pricey mistakes.
Shopkeeper holding open sign
It is not sufficient that a product sells; it should sell through swiftly enough to avoid getting stale. Your clients will recognize if the exact same items are located on the shelves every time they come. Many will put off their acquisitions until you mark down the item’s price. Other folks may be dissuaded from buying it altogether.
Prior to incorporating an item to your inventory, think about how quickly it will sell. It does not have to be bought by all your customers. But there must be adequate desire to move it off your floors without having to resort to expensive markdowns.

Even if a new item sells swiftly, make sure it provides a profit margin that is high enough to deliver a satisfactory profit. For instance, if your store’s standard profit margin is 50 percent, think carefully before carrying a product that offers a 25 percent margin.
The edges you preserve on each and every product you sell will certainly play an essential part in your store’s long-term achievements. Do not compromise them; do almost everything you can to prevent them from erosion.

Unless you operate a specialty retail enterprise in a very small area of interest, you will probably have competitors selling the exact same items carried by your store. Typically, competition is inevitable. But it’s worth discovering how loaded a market is for an item you happen to be considering adding to your inventory. Too much rivalry, particularly from the big-box retailers, can depress product sales.
There are several ways for self-sufficient retailers to outcompete their bigger rivals; but having the same products at increased costs (due to less volume) is not one of them.

A common mistake committed by small store proprietors is to add new products which have very little in keeping with their areas of focus. For example, a home and garden shop may carry sun glasses; a clothes store may carry jewelry; a hair and beauty supplier may add well-liked films on DVD.
The intention is usually the exact same: to find a way to increase the company’s sales and profits. But the result is that the shop’s stock gradually loses focus on the areas in which it is an expert; before adding a product to your retail store’s floors, make sure it complements your existing assortments.

A fast-selling, high-margin product that matches the rest of your items may make an ideal addition to your shop; but it is essential that the distributor of the merchandise is trustworthy. If demand is high, and you are unable to rejuvenate your inventory when necessary, your clients may grow to be disappointed, and look somewhere else. If this happens, you could find yourself having a going out of business sale.
Conduct a bit of due diligence prior to committing a part of your stock to a new item. Additionally, start with small acquisitions, and raise the quantity as you gain confidence in the supplier’s ability to meet the demand.
Running a small retail company involves a number of critical tasks, such as getting to know your customers, hiring and dealing with employees, and marketing your store. Selecting products is another key factor that influences your achievements

The correct selections may satisfy your customers while enhancing your company’s long-term earnings.
For more information on starting a retail store, visit our section on the Retail Business.

About the Author:
The article was written by James Bulger. Learn more about about going out of business sales at www.gawrightsales.com
How to Choose the Products to Sell in Your Small Retail Store, 1.0 out of 5 based on 1 rating
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Tags: retail business, retail storeCategory: Starting a Business
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Where to Find New Product Ideas

One way to grow your business and increase your profits is to think of new product ideas for your small business. You can offer something totally new, create derivative products from your existing ones, or branch out into something totally different.
But where do you find new product ideas?
Businessman talking on mobile phone
According to the article How to Find Ideas to Improve Your Home Business, there are a number of ways you can get inspiration and ideas for your business. You can reach out and get feedback from customers, seek out like-minded entrepreneurs, check out competitors and keep yourself updated by learning and reading.
Another way to find new ideas for your business is to attend industry events, trade shows, conventions, exhibitions, art shows and the like — both in and out of your industry. These events are fertile grounds for generating fresh ideas and allow you to see new products, new concepts and upcoming trends that you can build into your business. You can even get ideas from seeing what your competitors are doing!
Take for example the wholesaler Wuu Jau Company http://www.wuujau.com/, a family business based in Oklahama founded by Ben and Margaret Lu. Started in 1984, the company offers various collector and cutlery items such as swords, daggers, crossbows, pocketknives and throwing knives. One important strategy that Wuu Jau used to grow their business is by constantly rethinking their product offerings to keep ahead of their competitors and respond to what their clients want. Ideas for their new products come from various sources, from listening to their customers’ feedback to seeing what’s out there through trade shows.
One of the best-selling products of Wuu Jau is gift box knives. Margaret Lu got the idea for the product after going to an art show and seeing little artworks placed in a gift box. She rightly thought that the idea will translate well to her own business, and this led her to adding a product line of gift box knives or collectibles.
The company also introduced samurai swords as a result of a visit to a trade show. In an interview with Wholesale Magazine, Michael Lu (the son and currently Vice President of Wuu Jau) explained how attending a trade show gave their dad the idea of offering samurai swords.
“In the late ‘80s, my dad went to a trade show, and at that time, importing from China was just starting. With cutlery like samurai swords, most of them were handmade and really high quality stuff from Japan, and my dad noticed that people really liked them, but the prices were near $1,000 each. So he thought if we imported something like this from China, and it doesn’t have to be as functional, it could be more affordable for the average person who just wants to collect and put it in a display or case. At the time, there wasn’t anybody importing three-piece samurai sword sets, and a couple of the Japanese sword makers were furious, because we were selling it for maybe ten percent of their prices.”
Wuu Jau also gets their product ideas from what the customers say, and how they perceive the products they offer, and what customers are looking for.
The company updated its Live Action Role Playing line, which are swords and axes used by fantasy fans, after analyzing the products being returned, and what condition these products are in when customers return them. They saw an opportunity to improve their products so it would better serve the needs of their target market.
“We’ve been carrying foam weapons for a while, but because people want to fight with them, we were getting returns with the weapons all busted up … We went to China to see if we could come up with a new material to make merchandise that was more durable and lightweight, and we’ve come up with this new material … so it holds up better.”
Opportunities to improve the performance of your business and increase your bottomline are everywhere — you just have to look for them!

Recommended Books on New Product Ideas: 
Grow Your Service Firm
Teach Yourself Successful Market Research in a Week
The Strategy Book: How to Think and Act Strategically to Deliver Outstanding Results (Financial Times Series)



Tags: getting products to marketCategory: Growing Isabel Isidro is the co-founder of PowerHomeBiz.com. A mom of three boys, avid vintage postcard collector, frustrated scrapbooker, she also manages WomenHomeBusiness.com and LearningfromBigBoys.com. Follow her on Twitter and connect with her on Google +
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Friday, 26 October 2012

Interesting Small Business Ideas for Women Entrepreneurs

Women control a huge percentage of total consumer spending. In many households, the moms hold the purse strings and buy for the family. Given the strong presence of female consumers, both big and small businesses continue to meet the needs of women everywhere.

vinci tablet for kids dan yang

We have listed some unique, interesting, even innovative businesses catering to the female consumers. Some of these businesses are truly unique and groundbreaking; while others focus on a specific niche. Some of these business ideas turn existing concepts upside down, while others improve everyday products and found success through their innovations and improvements.

Here are some unique businesses targeted to female consumers, created by women entrepreneurs themselves:

Wouldn’t it be fun to have different shoes everyday — but without creating a massive hole your wallet? Lindsay Phillips stumbled on the idea of creating flip flops with interchangeable straps and accessories, allowing women to create different looks with their footwear.

Founder of the company that carries her name and creator of Switch Flops, Phillips was just a teenager when she got the idea of switching the straps of her flip flops from a high school art project. Today, the company Lindsay Phillips has grown into a multi-million business. In addition to interchangeable flip flops, her company now offers ballet shoes, wedges, and sandals that women can accessorize differently to create different looks with just one shoe. Read more of Lindsay Phillips’ simple yet highly successful business idea.

Twins Izzy and Coco Tihanyi founded Surf Diva, the surf camp taught for girls, by girls. Founded in 1996 with only $328 in capital and using Izzy’s surfboard collection, Surf Diva has become the world’s #1 surf school for women.

Stacy Struminger and Rachel Teyssier decided to create their own line of fashionable waterproof garment for women who won’t let rain dampen their fashion cred. Called RAINRAP™, its design combines the popular style of the pashmina and wrap. It is designed as waterproof, reversible, light-weight, fast drying, easy to store (folds up to fit in your handbag and/or suitcase), and comes in four colorful combinations. Read how they started their fashionable rain gear clothing line business.

Dan Yang, after seeing her baby’s fascination with her smart phone, looked for a technology toy that will appeal to her baby like her smart phone yet will satisfy her baby’s curiosity. She wanted that would help her baby learn, enhance her play, and satisfy her curious fingers but she couldn’t find one. She saw this as an opportunity and created her own child-friendly gadget herself. Dan Yang is now CEO of Rullingnet and the inventor of their flagship product, VINCI Genius Tablet. Read more about Dan Yang and her VINCI Genuis Tablet.

With a changing body and growing belly, the question of what to wear especially on special occasions have vexed a lot of pregnant women everywhere. Marcelle Costello started RentMaternityWear.com where pregnant women can rent special occasion clothes and dresses – such as baby showers, cocktail parties, weddings, even date nights – without breaking the bank. Read more about maternity wear rentals.

Families are often looking for quality care providers in a moment’s notice. They want someone they can trust, well-recommended and vetted to care for their love ones. Shiela Lirio Marcelo started Care.com, which has grown to become one of the largest online marketplaces for caregivers — including babysitters, senior care givers, pet sitters, even housekeepers. Read how Shiela Lirio started Care.com.

The cell phone has rapidly become an ubiquitous accessory used by people not only to call. It has become a must-bring-anywhere tool, alongside their wallets, keys, credit cards and other essentials. And therein lies the challenge: carrying all the must-bring items can be cumbersome. To make it easy to carry all these essential everyday items, Jamie James created Cellfolio, a cell phone case that also serves as a wallet designed to make carrying cash, cell phone, and credit cards easier and more convenient. Instead of carrying several items in different ways, a person can have all their essentials in one case. Learn how Jamie created Cellfolio.

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Tags: women business, women entrepreneur

Category: Business Ideas

Isabel Isidro is the co-founder of PowerHomeBiz.com. A mom of three boys, avid vintage postcard collector, frustrated scrapbooker, she also manages WomenHomeBusiness.com and LearningfromBigBoys.com. Follow her on Twitter and connect with her on Google +

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