Yet if you run a small, independent business, the economy has far less impact on your business than you think. So you’re likely not facing the doomsday that’s being talked about with every newscast and editorial.

Unless you believe you are. But remember, as a service provider, you have much more opportunity in these times than corporations do.

You see, all this talk about financial meltdowns, depressions, and layoffs are mostly affecting corporations – at least at this point. Sure, job losses and home foreclosures are bad things. I, for one, don’t want to see my friends and their families suffer. But there are millions of us out out here who aren’t working for corporations. And most of us aren’t serving corporations either. Our clients are other small business owners, other service providers and the like.

What this means is that you’re much less affected by what you’re hearing about on the news than the guy working for Ford or GM. As an independent business owner, your job is secure if you make it that way. Even if you’re, say, a corporate coach who’s working with large companies, you can still have a great deal of control over how successful your business is – and especially in troubled economic times like these.

The key is to first not get scared. Turn off the TV, stop listening to analysis on the radio and just pass by those articles in the newspaper. In other words – stop buying into all the titillating stories about how we’re heading for a depression worse than the 30′s. We may be – and I’m not saying don’t pay attention to what’s happening. Just stop listening to all the scare tactics that keep you from focusing on the growth of your business.

Everyone with half a business sense knows that it’s during an economic downturn that you have great potential to increase revenue and grow your business. But you have to have a strategy for doing so. And the strategy often means looking at your business, your customers and clients and your revenue model with fresh eyes. See the changing market for its benefits. For instance, there’s less money being loaned right now by banks – so don’t rely on borrowed money. And remember that a good portion of your competition does. Tighten your own belt a bit to stay out of debt – but don’t tighten your spending to the point of loosing business.

I ranting now, I know. But the thing to realize is that during a repressed economy like the one we’re facing now there are tons of opportunities – if you choose to see them. Be bold in looking for them. Be bold in taking them on. And be bold in knowing that you have a chance to grow your business while many others are shrinking.

Just be smart. This is not a time to overextend your business. And it’s not a time to take risks that bet the farm like you may have in the past when a loan could bail you out. Be smart – meaning evaluate everything you’re doing in your business. Look for places your can be more productive and more efficient. Look at your costs and make sure you’re getting a return on what you’re spending.

And more than anything, evaluate your market. Not only yours, but others as well. Begin thinking of your business from the point of view of your audience. What are they likely dealing with in these times? How can your business help them get through? Look for opportunities inside the problems people are facing. And attach your business solutions to those problems. Then get out there and let people know that you can help them solve the problems they face.

In other words…define and refine your niche market and how you’re positioned to the people in your niche market. Be bold, yet be smart. Find the new opportunities and be bold in claiming them. Yet be smart in how you go about it. Think it, plan it, do it and measure your results. Then do it again. And you’ll find your business growing – while others fade.

How are you dealing with this economic crisis? What will you do if it gets worse? Are you positioning your business to take advantage of the downturn? How?

Let’s talk about it…

And if you need help clarifying your niche, positioning yourself effectively, or figuring out how to grow your business right now, then you’re welcome to a free consultation with me where we can talk about how to solve the problems you’re facing in your business.

(note: image from fabiogis50 AWAY TILL 2/11 on Flickr,  some rights reserved)

Let’s talk about it

How do you define success in your business? It’s a question I ask every client – and most of the prospects I ever speak with.

The interesting thing for me is how often the people I speak with don’t have a specific answer. Sure, we can come up with just about anything on the fly. Yet it’s not difficult to tell the difference between established, well-thought-through business goals and those that we sort of find when we need to talk about such things.

Having a way to measure the success of your business, however, is one of the most vital parts of running a business.

It doesn’t matter whether your business is selling products, providing services or selling ad space on your blog – it does you good to have a clear idea of your goals. And, hence, a clear definition of what success looks like for your business.

All my clients use the web in some form these days. So often I hear success measured in visits to their website or page rank in Google. Sure, those are measurable results. But I, as a business advisor, would never consider those to be metrics used to define success of your business.

Let’s think about it for a minute…

You can have a page rank of 6 in Google and get 1000 unique visitors a day to your website or blog. That’s good, right? And most of us would be happy with numbers like this, right? Heck, the way Google’s playing around with page rank these days, I’d be happy to get back to a 6.

Yet, your page rank doesn’t equal income. Nor do any of those visitors guarantee a dime of revenue. Sure, if your website is selling ad space, you might get bits of cash for impressions. And you may be able to get a little higher ad rates with traffic and page rank higher. But you’re certainly not going to make a living on that alone.

And so these aren’t very solid metrics to use for defining your business success. Don’t believe me, ask around and see. Personally, I know more than a dozen bloggers who have highly successful blogs – more successful than mine in terms of traffic, page rank, back links and Technorati rating – who aren’t making enough money to cover their monthly expenses, let alone turn a profit. A couple are good friends that I’m trying to help out.

The point is you want to define the success of your business based on what you’ve set it up to do – make money. That doesn’t mean that you only measure by your bank statement at month’s end or by your bottom line accounts receivable versus accounts payable. There’s more to it than that.

For instance, take whatever you’re doing currently to market your business and track responses from your marketing efforts. Let’s say that one of your goals is to spend some time commenting in forums to drive targeted traffic back to your site that you can convert into leads. It’s a clear goal and something that can be easily measured using basic website statistics. Measuring your success might look something like this:

You posted 50 times in the forum last month. From those posts, you got 41 referring links from the forum to your website. From those visitors 11 commented on a blog post (leaving their email address with you), 6 subscribed to your newsletter and 1 contacted you directly with a question. You can then decide whether those 50 forum posts were worth the effort (I’d say yes, depending on what the commenters and newsletter subscribers do over the next few months).

You see, the idea here is that you set metrics that relate to your business goals. The month of forum posts may or may not directly result in revenue that month. But it’s not always about revenue. To make money you need leads and so the work you did in the forum could have been about generating leads – which you did. Now you just have to create the next metric for converting those leads into paying clients.

Measuring your success isn’t difficult. It just takes a little strategy, planning and forethought. And on the web, tracking results is incredibly easy. You just have to know what you’re tracking – and why. Then you can adjust your efforts for the next round of lead generating activities. That’s how successful business owners use the web.

How are you measuring your business success on the web? Are you at all? If not, why not? Would it change if you had someone to help you (I know someone, personally)?

All-in-all, how do you know if you’re successful with your marketing efforts?

(note: image from victor_nuno on Flickr,  some rights reserved)

Sounds sort of crazy, huh? No one in their right mind would ever conceive building a neighborhood or developing a community that wasn’t linked with ways to get in and out. In essence, without houses being connected by sidewalks and streets, there would be no community all – just a bunch of unreachable, free-standing (and empty) homes.

Well, if your website isn’t developing a community around it, then you’re not thinking too differently than the subdivision developer who doesn’t build streets. And if you’re not building community around your website, then it’s likely your business is suffering online.

The reason is people want to belong. They want to find like-minded people with similar interests to connect with. They want to associate with other people who are in similar situations. In other words…they want community.

Nowhere is this more evident today then in the explosion of social media on the internet. What do you think the 500 billion people are doing on Facebook? And what are all these ‘tweets’ on Twitter about? Why are people using these sites in record numbers?

Because these sites allow people to connect with other people. In some cases, people with similar interest. In others, people they can learn from. And in still other cases people who can help them solve their problems – whether they’re personal, professional, health or business and so on.

Everyday the internet becomes more and more of a space for social engagement. And so should your website. Your website needs  to evolve with the changes toward a social internet or you’ll quickly watch it fall behind. Right now, this moment, sites that are socially oriented are building communities and, through those communities, growing their business. Sites that are not community-oriented are merely becoming placeholders for outdated and uninteresting content. Sorry, it’s just the fact of the matter. People don’t just want to read, they want to feel they’re connected to something. That something could (should) be you, your website, your business, etc.

So what does all this mean for you?

Basically you need to engage your target audience where they are! And right now, they’re on social media sites connecting with other people (read: other service providers).

You need to develop a website where you can engage your audience – and them you. You need to develop a web-based marketing plan where you’re actively engaging real-life people through these social spaces using these social tools. And you need to remember that business happens most easily, most often from relationships. A community, remember, is just a group of relationships – nothing more really.

As for the tools – Twitter, Facebook, Biznik, LinkedIn, etc – forget about all the hullaballoo and fancy marketing tactics. You don’t need to know any of that stuff. All you need are to know can be summed up in these two words: Listen and Engage! Listen to what people who have similar interests as you are talking about. And then, engage them in conversations. From conversations you build relationships. String together a bunch of relationships and you have a community.

Listen and engage! Listen and engage! Listen and engage. That’s it. Do this and it will change your business, your understanding of the internet and bring you into relationships with people who you have a natural affinity to. Listen…and…engage!

How are you using social media and your website to engage potential clients?

Are you listening to what they’re talking about? If so, how….if not, why not?

Let’s talk about it.

(note: image from Luke Chan on Flickr,  some rights reserved)

Poke around the web and you’ll find numerous opinions on why, as a small business owner, you should be blogging.

Some say you should blog to increase your reach. Blogs can certainly help you reach a larger audience faster, and often cheaper, than your usual website. Toss in social media and you can gain a large following quickly. So it’s gotta be reach, right?

It could be. But increasing the reach of your website doesn’t mean you’ll land more clients or get more customers. The blogosphere is full of bloggers who have tons of traffic and are making pennies.

Another oft-quoted reason for blogging is search engine optimization. And it’s true, there are some pretty major SEO benefits to blogging. Blog posts tend to be more keyword centric since often they’re on a specific topic. Then there’s the backlinking opportunities that can come with a well-written blog post. So it’s gotta be the SEO factor, doesn’t it?

Well, maybe. But that’s not what I’m thinking. SEO drives traffic and while traffic is important, getting more traffic doesn’t always mean more sales. It could, but not always.

Then there’s those that say you small business owners should be blogging to grow a community around your business and create brand loyalty. I’ve been someone who’s built my businesses through conversation and relationships, so community is definitely important in building a successful business. And brand loyalty is a plus as well.

But I think that each of these are putting the cart before the horse. I think focusing on reach, traffic and community is useless unless you position yourself effectively in your market.

I’ve worked with hundreds of small and service-oriented business clients over the past thirteen years. Many have had great offers and understood copy writing. They’ve known the importance of keywords and building a following. But what they often lacked was one of the most fundamental aspects of running a business: how they positioned themselves and their offer.

Some think of positioning as just branding. Others see it as image or identity. Neither are wrong. Yet, I define positioning a little differently. I see positioning as what your target audience believes your business provides. In other words, can you clearly illustrate that you have the solution to your target audience’s problem. It’s how you communicate what you do.

But to clearly and successfully communicate what you do, you must have that clarity yourself. And that’s what blogging affords.

When you blog, you write often about your business, your knowledge, and your capabilities. You share stories about how your product or service has been uses by your customers and clients. And you provide valuable proof of the effectiveness of your offer.

Yet you also have the opportunity to let people respond to what your write. They can certainly respond in the comment box. But they also respond through how often they share your posts on Twitter, Facebook and StumbleUpon. They also respond by how long they stay on the page. And they respond by whether they clicked links in the post or a call-to-action at the end of the post. All of this is feedback on whether people are getting your content or not.

With a blog, you can take this a step further. You can also display your expertise in solving problems your audience face – whether personal or professional. You can offer advice on dealing with circumstances and write specifically to their needs. Then you can watch the response. If it’s positive, you know that you’re communicating well about what you do. And if not, you know that you need a bit of work.

In essence, your blog allows you to find the most effective way to communicate with your audience. It can help you refine how you talk about your products and services so that your readers can clearly understand what your business offers. But more importantly, you can use your blog to display exactly how your offering can help them solve the problems they’re facing.

The bottom line is that before you drive traffic or focus on keywords or even build a community, make sure people know what you do. They won’t buy from you if they’re not clear what you’re about. But once they are, in other words, once you’ve positioned yourself well, then you’ll find that more people will buy from you because you’re talking to the right audience in the way they want to be communicated with.

And needing work is fine. It’s what having a business is all about. You need to allow your business to never be finished – to always be changing.

So small businesses, especially, can use blogging to experiment with how they talk to their audience. With a blog, they can explore different avenues for communicating. But moreover, they can find clarity in their business.

So how are you using your blog to find clarity in yours?

(note: image from horizontal.integration on Flickr,  some rights reserved)

Want To Increase Sales? There’s almost limitless methods for doing so.

Be in front of your audience when they need you.

That’s it. That’s the key to increasing your sales. Think about it, when you’re at a restaurant, do you care with the bathroom is? Not til you need it, right? Or an ATM. You likely pass dozens of them every day and don’t notice them, right? But what happens when you’re out of cash? Every ATM comes into focus. What’s more, you might scurry to find one.

So many small business owners don’t consider this when they market their business. They work hard on their vision and business plan. Then they focus on their offer and how best to communicate that offer to a target market. Ideally, they’re wanting to position themselves as an expert in a select niche market.

But no one cares that you’re an expert until they need an expert. In other words, no one cares that you can solve a set a problems until they are faced with those set of problems. Then, they go out and look for a solution.

As a business owner, you want to find the most effective ways to get your business, your expertise, your solutions in front of people when they need it.

I know what you thinking…how do I know when people need what I have to offer?

The simple answer is, well, you don’t. But you can spend time identifying a clear niche in which to spend your marketing efforts (and budget). And you can use search engines, forums, social media (blogs, Flickr, YouTube, Twitter, Facebook, etc) and your website to make yourself more visible to people as a whole. The more people know what you do, the more potential for your work to passed on to someone who needs it.

For instance, you can use SEO and SEM to target specific key phrases that people may be searching for when they’re looking to solve their problem. But be specific and highly targeted. If you train poodles, you likely aren’t going to get much return for optimizing your site for dog trainers. But if you optimize your site for poodle trainers in New England, now you have a specfic niche you’re targeting. And when people need their poodle trained, and live in New England, you’ll likely get found.

Same is true with social media. Use your blog and profiles on YouTube, Facebook, LinkedIn and Twitter, among others, to establish your expertise. Then openly share with people who you are, what you do and who you do it for. If they don’t need your services, they may know someone who does.

And there’s other approaches as well – forums, blog commenting, article submission, etc. The list goes on. Just remember that you want to present your expertise at the time when people most need it. If you allow that to be your guiding light, you won’t be marketing in the dark. And more people will buy – today, even.

Are you targeting your audience at the times they need you most? If so, how’s that working for you? And if not, why not? Let’s talk about it.

(note: image from Troy Holden on Flickr)

Many small business owners focus on creating the best products and services based on their skills, knowledge and abilities. Then they go out and find people who need or want what they have to offer. Sometimes it works and you build a successful business around it.

But more often, especially, it seems, with small business owners in either service-based business or who are just starting out, it doesn’t work. They create services, for instance, that they would want or that they believe other people would need. They build some structure around their ideas, create a marketing message, build a website and off they go – feeling like they’re going to change the world.

Then reality sets in. Few people visit their website. Fewer, yet, contact them about their offerings. If they don’t get discouraged and give up, they often go looking for either a business coach, or take courses in marketing and copy writing. In turn they get sold the idea that if they were just clearer in their marketing message, people would flock to their business.

Now that’s true, to some degree. The the clearer your messaging and the better your copy writing, the better your overall marketing can be. So it’s not a poor plan to use a business coach (some consider me one, so I can’t knock it), or focus on your copy writing. But that doesn’t always relate to selling more of your services and making more money.

What’s missing is your audience.

Now when you take a good marketing or copy writing course you should get plenty about identifying the demographics and psychographics of your audience – and that’s good. You likely get as well a hefty dose of customer-focused writing – and that’s certainly helpful. It’s just both are premature.

The question so few small business owners ask themselves is – what do the people in my target audience know they need? Let me repeat that – what do they know they need? That’s the key to marketing – finding out what they know they need. Not just what they need, but what they know they need (I’m repeating this on purpose).

So is there any reason not to develop your services and products around what your audience knows they need?

How would meeting your audience where they are change your business?

Let’s talk about it!

(note: image from Sidereal on Flickr)

Think about it…you put up a few pages of text on a website and you have the potential for a business. People can view your site, read your copy and decide if they want to work with you. And blogs make it even more magical. You can easily write more content and your visitors can engage you and create conversation – increasing the possibilities that they might work with you.

Yet while the internet is magical, for many it provides false hope. So many business owners and service providers believe that simply having a website or blog alone will generate more clients. Nothing could be farther from the truth.

Launching a blog or website – on its own – may not change your business at all.

This might seem odd to say, but it’s true. For your website to successfully promote your business, generate leads and help you get more clients, you need people to find it. You need people to use, to read the content and to engage you through it. Ultimately, you need people to visit your website that you have designed your services to help.

But before you roll your eyes with the usual, ‘of course,’ consider something – consider how! How will people find your website? More importantly, how will the ‘right’ people – the people you’re in business to serve – find your website? 

The simple answer is to reach beyond your website. What I mean is don’t rest on just having a website or publishing to a blog. Use them. Use them by thinking of website not as a destination that everyone should visit. Instead think of your website (and blog) as a hub for your business.

As a hub, you website should be thought of as a central part of your business marketing strategy. And just like the hub of a wheel needs spokes to work effectively, you need spokes off your business hub to make your website work effectively. The spokes? Your efforts. Your spokes are the things that you’re doing on the internet that lead back to your hub.

In other words, for your website hub, to be successful in promoting your business, you have to reach out beyond the hub with spokes out into the internet. And this can happen in any number of ways. You can utilize social media like Twitter or Facebook, publish articles to article banks like EzineArticles or interact with people in forums. Really, there are hundreds of ways to reach out beyond your website. I’m even doing a teleclass on the subject - 220 Ways to Reach Out With Your Website to Get More Traffic & Build Your Business.

What’s important, however, isn’t so much how you reach out beyond your website. What’s important is that you actually do it. In other words, for your website to produce more clients, you need to be doing things that engage people on the internet and bring them back to your hub. That’s what the spokes do – they lead back to the hub.

So what are the spokes to your business hub website? What are you doing each day to actively lead people back to your website?

Just as interesting, how are you using your website or blog as the hub for your business?

Let’s talk about it!

note: image from ***Karen on Flickr,  some rights reserved)

Marketing your business is a really good idea, don’t get me wrong. However you choose to do it, marketing is a vital part of your business. As a matter of fact, marketing your services is something I teach my clients to do more effectively every day.

Yet I find that there’s a hole in the thinking that “all you need to do is effectively market your business.”

You also need to sell!

Now I know that for some marketing covers selling just as it covers distribution and delivery. Yet I so often see marketing gurus focusing all their time on the preliminary aspects of marketing – clarity of message, target audience, demographics, psychographics, methodology, etc. Seldom do I see marketing coaches get into the specifics of selling.

But more importantly, so seldom does the average business owner see selling as a part of marketing. More often than not, they believe that if they communicate their offer effectively that people will just buy their service. For instance, the majority of the service providers I’ve run into – either as prospects and clients or through a large network of friends, associates and partners I offer help or advice too – see the importance in communicating their offer. And they understand what systems they want in place once the prospects enters their funnel.

But what they seldom focus on is the conversion process – when the prospective client becomes an actual, paying client. That’s where selling comes in.

What many don’t consider is that while there’s a process for marketing, there’s also a process for converting; for selling. And while there’s numerous, effective processes and methods for both marketing and for sales, neither make a successful business on their own. It’s hard to sell your services if you don’t draw prospective clients in through your marketing. Just as you’re not guaranteed a large number of prospects converting to clients without clearly knowing how you sell to them.

To drive the point home consider if I told you, “An effective marketing campaign should lead to increased sales and more clients.” Without a hitch, you’d agree, right? I mean, that’s the whole point, isn’t it – the better your marketing the more you sell and the more clients you have.

Well, effective marketing is like having a bus drop off thirsty people in your driveway. They’ve searched, they’ve found you and they’ve journeyed to your home because they trust you can satisfy their thirst. But just because they’re standing in your driveway doesn’t mean they’ll get to drink. Some will, sure. But many will just stand there waiting for some guidance. Selling is guiding those thirsty people to the well in your backyard, hoisting the bucket from the well, pouring them a cup of fresh water and handing to them to drink.

In other words, selling is a process as well. It’s the process of guiding the people your marketing brings to your business into becoming clients. So how you sell your business, how you convert your prospects, is something you need to consider in order to get more client, increase your business and generate more money.

So, how does your marketing process differ from your sales process? Does it? And if you’re getting people to engage your business, how could you more effectively sell to them?

Let’s hear your thoughts!

(note: image from Ward_ on Flickr, some rights reserved)

Now, three years later, she’s struggling to get enough clients. She seems to get just enough clients to keep afloat. However she’s not fully replaced what she made at her day job.

Yet, she’s self-employed. She runs her own business. Or does she?

That’s the question I asked Susan when she called me last week. She told me she wasn’t getting any new clients and that her leads have pretty much dried up. She’s committed to her business, but not sure how much longer she can run in the red since she’s financing her business with her credit cards.

I asked Susan, “So, if you had to think about it this way – are you employed or unemployed? In other words, are you working or not?”

At first she insisted that she was employed – self-employed at that. She has some clients. She just doesn’t have enough and she doesn’t know what to do.

So when I asked her why she wasn’t getting more leads she gave me the same tired answer that the media is banging away on – it must be the economy. She felt that “the economy was keeping people from contacting her and taking her programs.”

Of course the economy is adjusting itself from the overblown, over indulgent corporate abuses. That’s why we keep hearing about layoffs and buyouts. But in truth the economy isn’t affecting us small business owners too much, really. But that’s another story.

So I asked Susan to consider, just for a moment, what she might be doing differently if she was unemployed rather than self employed. Without even a breath she said, “Well, I’d be out there looking for a job.”

EXACTLY!

Getting out there to look for a job is exactly what she – or any of us – would do. We’d be reading ads, searching the web, making calls, scheduling meetings and following up appointments. But wait a minute…isn’t that what we would be doing with our business as well?

Another way to put it – isn’t that the same process we would go through in marketing out business? We’d promote our offer, generate new leads, schedule appointments, and followup with prospects. In other words – we’d be actively engaged in marketing and selling our products and services.

In short order, Susan got it. She remembers the days of looking for work. And she could see, almost immediately, that in having a business she always had to be looking for work. She always had to be generating new leads and working those leads into hiring her.

And that’s the truth with running a small business – you’re always looking for work. Remember, you’re only self-employed if you’re actually employed by your business.

Did you ever think the secret to succeeding in your business would be act as though your unemployed?

If so, what tactics are you finding the most successful in finding more clients? And if not, how do you think your business could improve – even grow – if you treated yourself as being unemployed?

(note: image from nogger on Flickr, some rights reserved)

I work with business owners all the time who aren’t sure about what they want, what they’re doing or where they’re going. Nothing wrong with that at all. After all, unless your expertise is in small business development or marketing, there’s little reason to think you’d have a solid understanding of how to structure and grow a business.

Yet one thing that thatseems to set successful small business owners apart from those who aren’t is their mindset.

Business is all about creating your space in the market place – in your niche market, that is – and working hard to inform people how what you sell can help them. The thing is, if you’re wishy-washy you’ll get wishy-washy responses. Just as if you’re pointed, certain and clear in what you offer your clients, your clients will often be clear and pointed in what they want from you.

That’s why being uncertain about how you’re positioned within your niche market leads to uncertain, and often lackluster, results. Little focus means little results. And what other positioning in your niche market is there than being considered the best in your market space? Do you hear any of your clients say, “I’m working with Dawud because he’s the 12th best business advisor in his field?” Of course not. People always want to feel they’re working with the best. And usually they are – the best for them.

So I’ve never understood having a business unless your intent was to be the best in a market space. And that means that you set out from the beginning to dominate the market. It doesn’t always mean you reach your goal, of course, of being the top-dog in a niche market. But that’s not the point.

The point is your mindset. Do you go after the people who can serve in your niche market or do you sit back and let them come to you? Do you work hard to develop relationships that help establish your expertise and grow your business or do you sort of stay within your comfortable group of peers who will never be clients? And do you set out to be the best in your highly specific, targeted niche market or do you reserve yourself to having a business that doesn’t create the lifestyle you want?

It’s all in the mindset. Set out to be seen as the best in your niche market and you will be – at least by those who you bring into your business. And that means you have to dominate your niche. How else can you grow and maintain a successful business?

As Henry David Thoreau once wrote, “To make a deep mental path, we must think over and over the kind of thoughts we wish to dominate our lives.” So what we believe is what we end up creating.

Love to hear your thoughts on how you’re dominating your niche market? Or are you at all trying to dominate your niche? And if not, why not?

Let’s talk about it.

(note: image from Danius! on Flickr,  some rights reserved)