Category Archives: Uncategorized

Does your marketing system ignore these rules?





Does your marketing system ignore these rules?

 If you’re like most business owners, you probably copy the same marketing methods that everyone else is using, or follow the recommendations of some popular guru on YouTube.

Unfortunately, most small business owners just follow the latest trends and fads, instead of building marketing systems using proven methods and best practices.

As marketing guru Dan S. Kennedy often states, you need to think like a professional direct marketer and base your decisions on facts and data.

That’s the only way to differentiate yourself from the majority of small businesses using bland, poorly designed marketing systems.
Kennedy created a set of unofficial rules to help small business owners build the most effective possible marketing system.

Here are the rules of direct marketing:

Rule #1. There Will Always Be an Offer
Any piece of content you create needs to have an offer, in order to push your potential customers to take some type of action that gets them closer to becoming a customer.

Rule #2. There Will Be a Reason to Respond Right Now
Most people avoid taking action, and prefer to put things off whenever they can. That’s why it’s necessary to offer incentives to get potential customers to take action.

Rule #3. You Will Give Clear Instructions
Your marketing content should always provide detailed instructions, as a way to guide potential customers to take the next step inside your marketing funnel. Giving people as much information and guidance as possible increases the likelihood of them eventually doing business with you.

Rule #4. There Will Be Tracking, Measurement, and Accountability
Tracking the performance of your marketing efforts is the only way to know if it’s actually working. Measuring your campaigns also lowers costs by allowing you to fix small issues before they turn into expensive problems.

Rule #5. Only No-Cost Brand-Building
Small businesses should only focus on marketing that aims to attract potential customers or generate more sales. Unfocused advertising that only talks about a brand’s qualities works for large companies with huge advertising budgets.

Rule #6. There Will Be Follow-Up
Every interaction with a potential customer should be followed by further interactions. This applies to every stage, from initial contact to repeat sales and referrals. Small businesses cannot afford to let potential customers slip away and go to the competition.

Rule #7. There Will Be Strong Copy
In order for your products and services to stand out from the competition, you need to have marketing and sales writing that persuades potential customers to buy from you.

Good copywriting has to:
- Gain attention
- Play on emotions
- Establish credibility
- Provide hope
- Generate desire
- Persuade people to take action

Rule #8. It Will Look Like Mail-Order Advertising
Unlike major corporations, small businesses have to advertise their products and services on small budgets. That’s why it’s essential to stick with proven advertising formats, instead of trying to create fancy, glamorous ads. Using basic formats and direct marketing methods in your ads will generate the best returns on your advertising campaigns.

Rule #9. Results Rule. Period.
When evaluating your marketing campaigns, it’s a good idea to base your opinions according to the results you get.

The most successful small business marketers have the discipline to avoid giving in to trends and fads. They set up their marketing systems according to proven formulas, and leave their best performing campaigns alone.

Rule #10. You Will Be a Tough-Minded Disciplinarian and Put Your Business on a Strict Direct
In order to have a marketing system that consistently helps you increase sales and grow your business, you need to have the will and discipline to continue using the strategies and methods that work. You also need to abandon what isn’t working, even if doing so feels uncomfortable.

Please click below to learn how to apply these direct marketing rules to your own business:

Are you sending your ads to the wrong people?

Craig Whitehead Photo

Most people are not your ideal customer.They won’t ever buy from you.

 

Unfortunately, many business owners aren’t aware of this.

 
What is the problem with targeting the wrong people in your marketing efforts?

While it may be easier and faster to target everyone in your ads and promotions, you will quickly run into many problems:

 

Wasting money and time: When you target the wrong audience, you are essentially throwing money away.

Your ads will be seen by people who are not interested in your product or service, so they’re unlikely to click on them.

Inaccurate measurement: When you’re not targeting the right people, it can be difficult to measure the success of your marketing campaigns.

Your website might not attract many visitors, even if you have valuable information to offer. This may lead you to believe that something is wrong with your website or your content when, in reality, it’s you’re target audience that is wrong.

 

Increased advertising expenses: When you’re not targeting the right people, your campaigns will cost more. This is because you will be paying to show your ads to people who are not likely to respond to your offers.

Taking the time to understand your target customers and their needs, will ensure that your marketing efforts are successful and reach the right people.

To learn how to find and target the right potential customers for your marketing campaigns, please continue reading below:

fb ads form

Is your small business ready to start running ads?

Martino Pietropoli Photo

Why you need these components in place before promoting your business

 

If you have been running online ads or social media promotions for months and months without attracting new customers or generating more sales, it may be time to take a look at your marketing system.

 

Promoting your business without having a marketing system (funnel) is a waste of time for several reasons:

 

Ineffective Lead Capture: Without a properly designed funnel, you have no way to capture or nurture potential customers.

This means that your marketing efforts may attract a large audience, but without a system for turning them into customers, you are simply giving away information without getting anything in return.

   

 

Disorganized Customer Journey: Without a structured funnel, your potential customers may not even know that you offer the products or services they need.

They may encounter conflicting messages or be unsure of where to go next, ultimately leading them to seek other businesses that can solve their problems.   

 

Limited Tracking Data: If you don’t know how many people are downloading your free books, opening your emails, or signing up for your newsletter, you have no way of knowing if your marketing is actually working.

 

Having this data can help you refine your messaging, optimize your funnel steps, and improve your overall marketing approach.

 

No Retargeting Opportunities: Retargeting, the strategy of targeting people who have visited your website or interacted with your ads in the past, is essential for converting leads. However, without a funnel, you’re unable to identify and retarget these valuable prospects.   

 

If you would like to set up a basic marketing system to avoid these problems, please continue reading:

 

 

 

 

 

 

 

 

fb ads form

Is your website content having any impact on your potential customers?

 

Why your website content is not leading to paying customers

 

Businesses that have poorly written content that doesn’t apply copywriting techniques or that is not informative and persuasive are likely to suffer from a number of negative consequences, including:

 

Low website traffic: Poorly written content is unlikely to capture the attention of readers or keep them interested long enough to read the entire piece.

If website visitors judge your website to be irrelevant, they won’t be persuaded to learn more about your products and services.

 

Damage to brand reputation: Poorly written content can make a business look unprofessional. This can damage your reputation and make it difficult for quality clients to take a chance on doing business with you.

 

Missed opportunities for sales and conversions: If your marketing content is not persuasive, it will not be able to convince readers to take action such as making a purchase or signing up for your mailing list. This   leads to missed opportunities as many potential customers simply leave your website and visit other sites that look more trustworthy.

 

More Returns and Bad Reviews: If your written content provides limited or vague information, customers may use this to claim that your marketing is deceptive. This might lead some customers to leave negative reviews or ask for a refund.

 

 

 

Overall, businesses should make sure that they are producing high-quality, persuasive content that educates and builds trust with potential customers while also persuading them to work with your business.

 

Please continue reading to learn how to create website and email marketing content that is written and structured to be as effective as possible in building trust and selling your business, as well as your products and services.

fb ads form

The Danger of Relying Solely on AI Apps for Your Marketing Content

Lucia Bravo photo

The Danger of Relying Solely on Apps for Marketing Success: Why Technology Without Knowledge Leads to Failure

In today’s fast-paced digital age, it’s tempting to believe that using a handful of online marketing apps is all you need to attract a flood of website visitors and generate massive sales.

From AI (artificial intelligence) writing software to email marketing automation, there are hundreds of tools promising to take away the hassles of promoting your products and services.

Unfortunately, many businesses fall into the trap of depending solely on these digital platforms and apps without having a deep understanding of marketing principles and content creation methods.

 

Tools Alone Don’t Equal Marketing Success

What would happen if you tried to use a sophisticated graphic design tool without the proper training and knowledge of design principles?

Marketing tools are only as effective as the strategies and content you put into them. Without a solid marketing foundation, you will create online content that fails to attract your target audience.

More importantly, you will be unable to create the authority and trust that’s needed for potential customers to take a chance on doing business with you.

 

Content is More Than Just Entertaining Blog Posts

Effective marketing content is what leads to customer engagement and conversions. If you lack the knowledge to create   relevant content, your blog posts and articles will fail to attract a considerable number of website visitors . No app or tool can replace the creativity, insight, and expertise required to produce content that resonates with your audience and persuades them to take action.

 

Understand Your Audience Before Anything Else

 One of the fundamental principles of successful marketing is understanding your target audience. Without this knowledge, even the most advanced technology can’t help you.

 Marketing tools can make creating content a lot faster, and provide data and insights, but interpreting and applying that data effectively requires marketing expertise.

Knowing your audience’s needs, preferences, and challenges is essential for writing  content and messages that have an impact and build trust.

 

Marketing Technology Should Complement Your Marketing Knowledge, Not Replace It

A balanced approach that combines the power of technology with a solid understanding of marketing principles is the path to success in small business marketing.

At the very least, you need to have knowledge of:

  • Your ideal customer
  • What problems and concerns affect him / her
  • The places on the internet (platforms, groups, etc.) where you will be able to find your ideal customers
  • The main components of an effective small business marketing funnel / system.

Knowing this will allow you to use marketing automation applications much more effectively to create the type of content and marketing materials that your audience is looking for.

 

Conclusion

The most successful small businesses know how to effectively use marketing technology tools to save time and money, but they know why their marketing systems are structured a certain way. In other words, they know how to manually plan and create a marketing funnel. They just use marketing automation to speed things up, instead of blindly trusting a piece of software for their written content.

 

If you would like to learn how to manage other challenges faced by self-employed freelancers and small business owners, please visit my website and download 26 Marketing Mistakes & Simple Ways to Avoid Them.

 

You will also get a free binaural beats confidence booster Mp3 audio download as a bonus!

Mark Bellini – WritingConversions.com – Marketing Optimization

 

 

 

 

 

 

Is Your Small Business Slowly Dying Due to Ineffective Marketing Systems?

 

Brett Jordan image

Is Your Business Slowly Dying Due to Ineffective Marketing Systems?

As a small business owner, you have a lot of pride in the products and services you offer.  Your customers may love buying from you. You may be doing all the right things to make your business grow and prosper.

Unfortunately, no matter how exceptional your business is, you might still fail if your marketing system isn’t generating quality customers who buy from you again and again.

The internet has increased the amount of competition you face, and customers can easily leave you behind and sign up with other businesses.

That’s why its essential for you to know how effective your current marketing methods are.
 

Several factors contribute to why many small businesses struggle with ineffective marketing strategies:

 

  1. Limited Resources: Small businesses often have tighter budgets and fewer employees to dedicate to marketing. This can lead to insufficient funds for comprehensive marketing campaigns and a lack of expertise to implement effective strategies.

 

  1. Lack of Marketing Knowledge: Small business owners may not have a deep understanding of marketing principles or the latest trends in the field. This can result in outdated or misinformed marketing strategies.
  2. Failure to Define a Target Audience: Without a clear understanding of their target audience, businesses usually create generic marketing messages that don’t resonate with potential customers.
  3. Relying Only on Traditional Methods: Small businesses might stick to traditional marketing methods (e.g., print ads, direct mail) that are less effective than online marketing.
  4. Lack of Data Analysis: Without proper data tracking and analysis, businesses can’t measure the effectiveness of their marketing efforts. This makes it difficult to identify what’s working and what needs improvement.
  5. Copying Larger Companies: Small businesses often try to create fancy, creative ads like larger businesses that have bigger marketing budgets and more resources.
  6. Weak Online Presence: In today’s digital age, having an online presence is crucial. Small businesses that don’t invest in a user-friendly website, social media, and online advertising will struggle to reach their target audience effectively.Many business owners don’t realize that investing in a website and online marketing is actually cheaper than focusing on traditional marketing methods.
  7. Limited Time: Trying out new marketing strategies involves some trial and error.
    Small business owners usually have to manage most aspects of their business. This leaves little time to do the research and planning needed to create effective marketing campaigns.
  8. Not Understanding Customer Needs: Effective marketing addresses customer problems and needs. If a small business’s marketing content doesn’t address those needs, it will probably be ignored by potential customers.
  9. Choosing the Wrong Platforms
    The places where you place your articles, ads and promotions need to be the places where your potential customers spend time visiting.If your audience is mostly middle-aged, and you promote your business in places like Tik-Tok, that are  targeted towards teenagers, your campaigns are going to attract any new customers.
  10. Not Making an Offer
    Every article, blog post, or social media post you make should ask people to take some action: Visiting your website, signing up for a free book, etc. If you don’t ask for something out of potential customers, they will simply read your article and leave your website without providing any contact information.Having a list of email addresses is essential in order for you to  interact with potential customers, and hopefully convince them to buy from you.
  11. Lack of Incentives
    Unfortunately, most people will not give you their contact information or buy from you without some form of incentive.
    That’s why it’s important to offer free e-books, guides, courses to site visitors who provide their email addresses.
    The same is true for your products and services. Offering free samples always encourages more people to take a chance on you.
  12. Not Following up With Prospects
    Most potential customers will not immediately buy from you, even if they download your free products and ask for your information package.You will usually have to send emails or text messages to confirm whether or not a potential customer is ready to do business with you.
    You may have to repeat this two or three times before getting a response, but it will help you to close more sales with people who might otherwise forget about you. 
  13. Your Marketing Content Needs to be Persuasive
    The marketing content (copywriting) that helps to sell your product or service has to persuade and encourage potential customers to take a chance on your business.That’s why it’s important to work with copywriters who understand the proper structure and sequence to use when writing sales content.
    Hiring a cheap copywriter will lead to weak marketing and sales materials that fail to persuade most people. 
  14. Not Building a Relationship with Customers
    Once you convince someone to buy from you, it’s important to try and build a long-term relationship with that customer. Remember, it’s much cheaper to sell to existing customers than to chase after new ones.
    An easy way to stay in touch with customers is by sending them a monthly email newsletter with information related to their industry, work, or life.You can also use your newsletter to promote your other products and services to customers.

 

Conclusion

  Small businesses that invest the time and effort to understand their target audience, stay up-to-date with marketing trends, and analyze the results of their efforts are more likely to continuously attract and retain the best customers.

Get Help

If you are struggling with any of challenges discussed in this article, please visit https://writingconversions.com/marketing-audit  and request a free website audit.

I will review your current online marketing system and  content, and create a report with suggestions to make your system more effective.

Please visit https://writingconversions.com/marketing-funnel-free-downloads/ to get a free copy of my  marketing mistakes prevention guide. You will also have access to a binaural beats relaxation audio, along with other free downloadable content.

Mark Bellini – Marketing consultant and business coach

writingconversions.com

 

 

 

Should Introverts Bother Starting a Business?

How can a shy, insecure person with no contacts or money start a successful business?

 

As you finish yet another self-help book, you feel excited and energized about finally taking that first step and living your dream life, running your own business, and leaving the drudgery of work behind you.

When Monday comes around, and it’s time to start finding those first potential customers, you freeze and have no clue what to do.

Starting a business as a shy, insecure person with limited contacts and resources is very challenging.

You will quickly realize that it takes a lot of persistence, motivation, and a strong personality to make it through the first few months when you still have no customer reviews or success stories to help you sell yourself.

 If you are shy and have some insecurities, it probably will be tempting to just give up and just go back to your life as a miserable employee.

 Unfortunately, the desire to have more control over your life will eventually come back and, once again, you will repeat the cycle of excitement followed by despair and resignation.

 

Is there a Way Out of This Discouraging Cycle?

If you truly have a strong enough reason for becoming a freelancer or starting your own business, there are techniques you can apply to make it through the first few months of starting a business.

Remember, the discomfort you will feel will only last a few months, until you reach the point where you have successfully closed a few sales, and have the reviews and client list that prove you are a true business owner.

 

Getting Started as an Introverted Business Owner

The following suggestions have helped many self-employed business owners manage their shyness and insecurities and achieve their dreams:

 

  1. Business Mindset and Confidence: Begin by working on your self-confidence and mindset. Understand that many  entrepreneurs have learned to manage or overcome their insecurities and limiting beliefs.An effective way to build up your self-esteem and confidence is to create hypnotic autosuggestion audios that include binaural beat frequency sounds. These types of self-help sessions allow you to become relaxed by listening to the calming sounds, while at the same time listening to suggestions on how to think and behave more confidently.Listening over and over to these audios will help these new thoughts to enter your unconscious mind, creating more helpful thinking patterns. 
  2. Develop an Energizing Routine
    If you are naturally introverted, it may be hard for you to feel motivated and excited about marketing and promoting your business.An interesting way to get yourself excited about creating blog posts and other promotional materials is to spend a few minutes watching segments of your favorite music videos, movies, or TV series with the sound muted, while listening to binaural brainwave audios.

    This combination of  sounds and images can help activate your creative side, making you more enthusiastic about going out and getting some attention for your products and services.
  3. Visualize and Practice
    Visualize yourself interacting with potential customers. Make a list of the objections they will probably say to you. Practice how to respond to their concerns.

    This may seem unnecessary, but being well prepared will help you to sound more confident and persuasive. Remember, you will only have to do this for a few months until you have learned the best way to sell yourself to others.

    Buy templates containing the most common questions and phrases used during sales meeting. Use them as scripts to help you perform more confidently.

     
  4. Identify Your Strengths: Determine what talents and skills you possess and enjoy using. A successful business often results from doing something you genuinely enjoy and excel at.

    Promoting and selling is a lot easier when you have no doubts about your capacity to deliver what your customers want.
  5. Target Clients You Are Comfortable Working With:  Analyze your target audience, their needs, preferences, and pain points. Then focus your marketing to attract potential clients who have personalities and values similar to yours.
  6. Decide What Makes You Unique: Create a unique value proposition that sets your business apart from competitors. Focus on solving a specific problem for your target audience in a way that no one else does.

    Doing this will increase your confidence, since you will be able to explain to potential customers why they should work with you.
  7. Start Small: You don’t need a lot of money to start testing your product or service.  Promote to a small group of potential customers and see how they respond to your offering.Send them online surveys to fill out, and use their suggestions to improve your offering.
  8. Make Direct Contact with Prospects:
    When you have no professional contacts, friends, or colleagues to help you get clients, the most effective way is to directly contact them.

    While most marketing experts suggest creating educational content, social media, and advertising, these strategies are not very effective for a new business with no presence on the internet and no track record.Direct contact (warm emails or messages) allows you to go after the prospects you want to work with.This method works best if you initially interact with a prospect as their client /customer. If you buy from them or sign up to their email messages, you can interact with them by making comments about their product, or making suggestions for things they can improve.
    If a prospective customer believes that you really do want to help them, they are more likely to respond to your contacts, and possibly become your customer.

     

  9. Guest Posting:
    Contribute guest articles to blogs or websites in your customers’ industry or interest areas. This can help you gain exposure and credibility.
  • Get Some Easy Wins:

 Try to sell your products and services at a discounted price to a handful of customers. Offer gift cards to customers who post positive reviews online.

Doing this in the beginning will help you to rapidly gain the confidence and motivation to continue refining and growing your business.

At this stage, don’t worry about charging too little or giving away too much free advice.

Your main goal is to get the credentials and social proof you need in order to build your confidence and momentum as you begin to pursue bigger clients.

 

  1. Do Some Online Networking: While you may dislike interacting socially and promoting yourself, building online relationships will make your life much easier.

     Once you have some loyal, paying customers, and know that your methods work, try to push yourself to engage in conversations and share your ideas. Doing this will eventually attract people who  either become your customer, or who refer high-quality customers to you.
  2. Keep it Simple and Inexpensive:
    If you want to avoid getting overwhelmed and stressed while starting up your business, try to keep everything as simple as possible. Invest in simple marketing software, automate routine tasks such as sending emails, work with  inexpensive virtual assistants  or freelancers instead of hiring employees.

    Only spend money in highly targeted short-term advertising campaigns.

    Don’t spend too much money on fancy, complex websites.
  3. Get Some Help: If you feel that running a business while dealing with your shyness or insecurities is overwhelming, you might consider finding someone to help you during the initial stages of your business.

    Consultants, mentors or coaches can provide valuable insights, guidance, and support.
  4. Persistence and Patience: Building a successful business takes time, especially if you are introverted and struggle with sales.Keep in mind that once you get a few positive reviews and successful customer case studies, your business will start to expand a lot faster.Conclusion

Remember, there are millions of shy, introverted people in the world who deal with the same insecurities and challenges as you. Despite these difficulties, many people are able to build successful, profitable businesses that allow them to enjoy the lives they want, their way.

Also remember that you can find customers who are similar to you in personality and values. You don’t have to work with people who make you uncomfortable or defensive.

If you feel a little discouraged, keep in mind that the techniques and skills you learn as a business owner can also be applied to job interviews and other aspects of your life.

Learning how to manage your shyness, your insecurities, and other challenging aspects of your personality will open up many possibilities beyond the world of business.

 

If you would like to learn how to manage other challenges faced by self-employed freelancers and small business owners, please visit my website and download 26 Marketing Mistakes & Simple Ways to Avoid Them.

You will also get a free binaural beats confidence booster audio download as a bonus!

Mark Bellini – WritingConversions.com

If you are interested in career coaching or general life coaching, please go to   https://coachbusinessbuilder.net

 

 

 

 

 

 

 

 

 

Using External Services to Build a Competitive Small Business

 

Using External Services to Build a Competitive Small Business

By Courtney Rosenfeld – gig economy specialist gigspark.biz

Running a business in this day and age is a significant challenge. Modern-day customers are picky and, so, not always easy to satisfy.

Furthermore, most niches are saturated, meaning small businesses frequently have to go toe-to-toe with big ones with larger budgets and more expertise.

How, then, is an up-and-coming business to survive and, indeed, thrive in such conditions?

The answer could be by leveraging external services delivered via technology.

Today, WritingConversions takes a closer look at how you could potentially build a more competitive business and grow your bottom line by taking advantage of external services:

Customer management solutions

Building a customer-centric business is essential for your profitability. This means you should offer an experience that’s on par or better than your competitors.

You can leverage services – such as customer service apps – to make this possible.

Some examples are customer relationship management (CRM) solutions, customer survey solutions, chatbots, and customer experience software. With the right tools (or teaming up with the right agencies), you can get to know your customers better, speed up your customer service, and offer a more personalized experience.

SupportBee lists 50 solutions that are worth checking out.

Employee management solutions

Productive, happy, and disciplined employees are essential to a company’s well-being.

Managing employees is tough – it involves training, rewards, performance appraisals, goal-setting, rewards, and morale building.

You can use HR-oriented solutions to facilitate employee management. Some tools at your disposal are payroll software, time-tracking software, education tools, and human resource software solutions. Social Hire has handpicked several HR solutions that make for potentially worthwhile investments.

Time-Saving Solutions

When you use time-saving tools or tricks, you have more time to spend on the things that matter – such as your customers. Business productivity apps can help you get more done in less time.

Email management solutions can help you automate email responses.

Visitor management software can help you optimize your schedule.

Registering a formal business structure – such as an LLC – can also save time. It can reduce your paperwork burden and offer some other benefits – like tax advantages.

You can use a formation service to conveniently register your LLC without you having to do the legwork on your own or paying an (expensive) lawyer to do it for you.

 

Marketing solutions

Marketing is essential to raising your profile, making yourself understandable, and crafting stronger relationships with customers.

It’s hard to market effectively – customers are hard to sway and often suffer from marketing fatigue.

You can work with marketing experts to create marketing campaigns that can effectively engage customers.

Optimizing your website for a better CX

Your website can be an enormous asset – it allows customers to get to know you, get a feel for what you do, and (if applicable) transact with you conveniently.

Optimizing your website to offer a smoother, more streamlined customer experience (CX) can make your visitors happy.

You can add web personalization features to your site to create personalized, relevant experiences for them. This would be based on firmographic, behavioral, and geographic data.

By researching options related to website personalization software, you show that you understand customer needs and are ready and willing to meet them.

 

Conclusion
There are many services out there, both paid and free, that you could use to improve your business. Many successful businesses outsource key tasks and entire work processes – such as marketing or website optimization – to run more efficiently, and so could you. It’s a good idea to carry out an ROI study before you pick a service (or a combination) to ensure you’re getting your money’s worth.

 

 

Mark Bellini of WritingConversions is a freelance small business marketing consultant, content marketing strategist , and editor who can help you take your business to the next level. Reach out today to get started!

 

Getting Your Home-Based Business Off the Ground, Step By Step

Getting Your Home-Based Business Off the Ground, Step By Step

by Courtney Rosenfeld

 

Are you dreaming of becoming your boss, working from the comfort of your home? It’s a dream that countless entrepreneurs have been able to make come true. While it may seem challenging at first, having the right plan in place will make the process much easier. Mark Bellini of WritingConversions shares the steps you’ll need to take to get your home-based business up and running.

Develop a Business Plan

Before anything else, develop a business plan that outlines your goals, objectives, and strategies for achieving them. Your plan should include information about your target market, pricing strategy, production costs, marketing, and more. Having these details down on paper will help you stay focused on what needs to be done to succeed.

Select a Business Structure

One of the most crucial steps in launching any business is selecting a designation, such as an LLC, corporation, or partnership. This is important because it will determine how you are taxed, what paperwork needs to be filed with the government and insurance companies, and more. It’s best to speak with an accountant or lawyer to make sure you select the right structure for your particular situation.

Set Up an Accounting System

You’ll need to set up accounting software that tracks all of your income and expenses so that you can easily prepare taxes each year and save money by taking advantage of legitimate deductions. In addition to streamlining the processes of invoicing and tracking expenses, efficient accounting software allows businesses to easily adjust pricing and manage inventory in a single place. Whether you’re using spreadsheets, automation programs, or specialized cloud-based software, efficient accounting will help you manage your finances without needing to keep track of all transactions individually.

Invest in Business Insurance

Business insurance is also essential — this will protect both yourself and any employees from liability if something were to go as you operate your business. Break down this process into actionable steps. Research available coverage options that fit your particular needs. Finally, make sure your investment will protect all aspects of your business venture. Doing so is a great way to keep you secure against any number of hazards that could strike at any time.

Craft Your Marketing Strategy

When it comes to developing a marketing strategy for a home-based business, these three steps are essential: creating a website, making business cards, and crafting an elevator pitch. Use the website to provide valuable resources and lead visitors to other social platforms, establishing your authority in the niche and gaining customer trust.

 

Business cards are a great way to leverage face-to-face interactions and define who you are as a business when networking. Similarly, having an elevator pitch worked out will strengthen your branding by allowing you to concisely explain your mission statement, services or products, and target market quickly. Once these basics of your marketing strategy are in order, start exploring ways to enhance it further.

Find Reliable Suppliers

Researching suppliers is an essential task in launching a home-based business. Start by getting to know who your suppliers are: their values, resources, previous customers, and relationships. You may also need to evaluate their offerings. Next, check for discounts to meet your budget. Finally, test samples to make sure the suppliers abide by their promises.

Create a Clean and Productive Workspace

Lastly, make sure that you eliminate clutter from around the house so that it doesn’t interfere with productivity when working from home. This also ensures that you work out of a positive and inspiring space.

 

If space is an issue — for example, if you have multiple employees working out of one room — consider moving into a larger home or renting office space nearby. This way, everyone has enough room to work without feeling cramped or uncomfortable.

 

With preparation ahead of time and dedication during launch time, there’s no reason why starting a home-based business shouldn’t be achievable. Follow the above steps, and start today!

 

Image via Pexels

How To Turn Your Side Hustle Into a Full-fledged Freelance Business

Photo Credit: Andrea Piacquadio via Pexels

How To Turn Your Side Hustle Into a Full-fledged Freelance Business

guest post by  Courtney Rosenfeld  – Freelancing  Consultant

One of the biggest perks when working as a freelancer is the flexibility to work from anywhere and whenever you want. You have the freedom to work in your pajamas, finish your task at the coffee shop, or complete projects at the beach.

Freelancing is a good opportunity, especially if you’re thinking of becoming a full-time digital nomad.

Read these tips shared to you by WritingConversions.com if you’re planning to convert your side gigs into a full-time freelancing business.

Getting Started

The first step to transitioning to a full-time freelance business owner is to register your business name. It’s better to also see a lawyer to help you decide how to structure your freelancing business. A sole proprietorship is the easiest structure, but it is only available for a single owner and you will be responsible for all liabilities.

A limited liability company, on the other hand, is a privately managed company and a separate legal entity.

There are advantages and disadvantages to these – and other – business structures, so it’s best to get an expert opinion before selecting one for your freelance business.

 

No matter which business structure you choose, it’s best to open a business account to separate business from personal finances. You might also consider building a team to help manage your business and investing in CRM software to help you work more efficiently.

To help ensure success, consider going back to school and earning an advanced degree. For example, if you’re thinking of working as a full-time graphic designer, think about getting a master of arts in graphic design to up your skills and establish credibility in your field.

By studying remotely, you can still work as a freelancer or help with family obligations while earning your master’s degree. In choosing an online school, make sure it has the right accreditation and offers competitive tuition rates.

Benefits of Becoming a Full-time Freelancer

As a freelancer, you have the freedom to choose the clients you work with. Unless you sign a long-term contract, you have the flexibility to discontinue working with clients who give you headaches.

This level of control is helpful in bad situations, but don’t overuse it. Bowing out of too many client partnerships can cause you to develop a bad reputation, which isn’t good for business.

 

One of the biggest benefits as a freelancer is that you have full control of your workload. You can work as much or as little as you want. Because it’s mostly flexible, you can choose to work in the early morning or late at night.

But be mindful of differing time zones and timely meetings with clients. It can be tempting to push work aside for other obligations when you no longer have to clock in at specific times, so make sure you can manage your time wisely before launching your freelance business.

Market Your Services as a Freelancer

Knowing your target market is important to the success of your freelancing business. Find out who your competitors are, and learn about the latest trends.

Most importantly, build a strong online presence, and create a professional website with your portfolio to attract more clients. Working with a consultant can help you to create a strong social media ad campaign that will get you recognized in the right circles.

As you start corresponding with potential clients, make sure you have an excellent resume that outlines all of your accomplishments and skills as a freelancer. In fact, you may discover that you rely heavily on your resume to land new gigs and clients.

So, if you haven’t done so already, get your resume in top form. You can even use a resume builder to help you create a resume that’s designed to grab people’s attention.

Then, before reaching out to clients, conduct market research and understand your customer demographics. The more you understand about your customer, their needs, and their competition, the better your pitch for business can be.

 

Where To Find Work

Sites such as Upwork, Truelancer, and Freelancer let you create a freelancer profile and apply for jobs. The downside is that you have to bid for these jobs, which may limit the amount of work available to you.

Another option is to use LinkedIn and proactively reach out to clients. You’re likely to close a deal with a client as long as you have a professional website, a business email address, and a portfolio of your best work.

Start Running Your Freelancing Business Today

You can easily transition to a full-time freelancer from a part-time independent contractor with the right planning and the resources needed to get started. It’s also important to market your business to generate more revenue.

As you begin to reach out to businesses, keep accurate records of your communications so that you can pick up with any client without pause. Being reliable and providing stellar work will go a long way in getting referrals and repeat business.