Archive for the ‘Tuesday Tip’ Category


Nextiva Tuesday Tip: Declare Your Employees’ Independence

???????????????????????????????The best thing the owner of a growing business can do is give his or her employees their independence. No, I’m not talking about firing your employees; I’m talking about giving them the freedom to make their own decisions about how to get their work done.

As you undoubtedly know by now, it’s pretty much impossible for a small business owner to single-handedly do everything that needs to be done. That’s why you hire employees, right? Then why do so many of us refuse to let employees do their jobs, instead micromanaging them until they (and we) are miserable?

Here are four steps to giving your employees their independence.

  1. Provide training. Of course, you don’t want employees to totally wing it. Provide training in how to do the job, and give them direction in terms of what you want the results to be and what the overall goal is.
  2. Step back. Once employees know what you want and how to get there, step back and let them get from Point A to Point Z without offering your help (unless, of course, they ask). Who knows? Your employees might figure out a better way of getting things done.
  3. Empower decision-making. Customers hate it when employees have to “ask a manager” about every little thing. Provide parameters within which employees can make their own decisions about customer service, such as offering $X amount of comped food in your restaurant or refunding a certain amount of money with no questions asked. When employees feel trusted, they feel valued.
  4. Plan for the future. Discuss with your employees where they want to go in your company and how they can get there. When employees feel you have a stake in their future, they’ll give the business their all.

By giving your employees their independence, you’ll also gain freedom—the freedom to focus on what really matters in your business instead of sweating the small stuff. 


Nextiva Tuesday Tip: How to Develop a Content Marketing Strategy

Are you using content marketing in your small business? If you ever write blog posts or articles for your business website, send out email newsletters or even post on social media, the answer is yes. Content marketing means creating content (text, visuals or both) and sharing it with your current and prospective customers through your website, social media or elsewhere online.

Content marketing is becoming more important as a marketing strategy. Last year, 90 percent of business owners in the Content Marketing Survey Report from Econsultancy and Outbrain predicted content marketing would be more important to business in 2014. What separates successful content marketers from those who try and fail? Having a content marketing strategy is crucial.

With just 38 percent of those in the survey reporting they have a content marketing strategy, developing one will clearly put you ahead of the pack. So how can you create a successful content marketing strategy?

  • Set goals. Figure out what you want your content to accomplish, whether that’s educating potential customers, getting existing customers to buy more from you, spreading the word about your business or establishing you as a thought leader in your industry.
  • Create quality content. Good-quality content is key to success. If you don’t have the talent or staff in-house to create good content, use sites such as Freelancer.com or Elance.com to find qualified content marketing writers.
  • Mix it up. Content isn’t just words—in fact, photos and videos often get more attention. Consider posting pictures of your employees or customer events, videos demonstrating your product in action or behind-the-scenes interviews with employees or satisfied customers to add excitement to your content.

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Nextiva Tuesday Tip: How to Stop Wasting Time With Meetings

Are you and your employees spending too much time in meetings? In-person meetings can be the best way to get everyone on the same page, brainstorm new ideas or inspire teamwork. But meetings can easily spiral out of control and start devouring your workday, preventing you and your team from actually accomplishing all the stuff you’ve been meeting about.

Here are five ways to keep your team meetings manageable and productive.

  1. Stop the status meetings. Many businesses set up a weekly “status meeting” for everyone to check in and let the rest of the team know how their projects are going. Typically, this information could be just as easily conveyed by sending a status report everyone can read in 10 minutes.
  2. Keep it short. You’ve heard the saying “Work expands to fill the time available,” and the same is true of meetings. Always have a firm start and end time for your meetings—ideally, no longer than half an hour. This keeps everyone focused. Start wrapping up five minutes before closing time.
  3. Meet on the move. Try holding meetings with everyone standing up or meetings walking outside (obviously, the latter works better with a small team). Attendees will feel more energized, which makes standing meetings a great way to announce companywide changes or other news you want everyone to be excited about.
  4. Ban device use. Smartphones can make meetings take longer as people distracted by their devices miss key information and have to be brought up to speed. If your meetings are half an hour or shorter, it shouldn’t be a problem for everyone to put their phones face down on the table and focus. For longer meetings, set hourly breaks when people can grab refreshments, use the restroom and check phones and tablets.
  5. Be tough. Whoever’s in charge of the meeting needs to be tactful, but strict about keeping conversations on topic, managing “meeting hogs,” ensuring the meeting ends on time and clarifying next steps. If you can’t do this, appoint someone who can. 

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Nextiva Tuesday Tip: Selling to Millennials? You Need a Loyalty Program

Stocksy_txp65da3129op6000_Small_134151If your small business doesn’t have a loyalty program—but does have Millennial customers as part of your target market—you may want to reconsider and add some type of rewards program to your marketing mix. The 2014 Loyalty Report from Bond Brand Loyalty reports that U.S. Millennials (defined as aged 20 to 34) are more likely than other age groups to participate in loyalty programs. What’s more, they’re more likely than other age groups to change their shopping behaviors based on a loyalty program, the study says.

A whopping 60 percent of Millennials would switch brands and two-thirds would change where they buy in order to get more loyalty rewards. In addition, 67 percent contend they wouldn’t be loyal to a company without a good loyalty program.

Consumers overall are enrolled in an average of 10.4 loyalty programs, and are active in about seven of those. While loyalty programs are widespread, consumers are getting slightly more unwilling to share personal information with them. Some 32 percent say they worry about divulging personal information, compared to 29 percent last year.

What works to get customers to spill their data? Offering discounts based on prior purchasing behavior, inviting customers to special events, customizing offers for them and inviting them to online communities for loyalty program members are all effective ways to get users to share their personal data. In addition, users say that when a company’s loyalty program makes them feel valued and important, they’re more likely to share personal information with that business.

However, there are some important differences in what works for Millennials as opposed to other age groups. Millennials are more likely to want to interact with your business on a mobile device. They’re also more likely to care about non-monetary rewards, such as getting recognized by their peers or being able to share their experiences with others.

Craft your loyalty rewards program to appeal to your desired customer base, whether that’s seniors who want plain old punch cards or mobile-loving Millennials who want to track everything on their smartphones. Your efforts will pay off in greater loyalty and higher sales. 


Nextiva Tuesday Tip: Could Seniors Be Your Secret Customer Service Weapon?

Stocksy_txpbe336fabXT6000_Small_6767There’s a reason Walmart hires senior citizens as greeters at its stores: Seniors who are seeking employment are generally “people persons” who like socializing and engaging with others. That’s one of the findings of a survey by Society for Human Resource Management (SHRM) that asked hiring managers about hiring senior citizens.

If you’re looking to enhance your company’s customer service, hiring seniors could be a great idea. Here are a few of the reasons managers in the SHRM survey say seniors are valuable employees:

  • Seniors tend to be more patient than younger people when dealing with customers.
  • Because seniors have a lot of life experience, they’re often good at coming up with solutions to problems.
  • Hiring seniors who have past experience in your industry enables you to tap into their decades of knowledge.
  • Seniors often enjoy mentoring or passing their expertise on to younger employees.
  • If your business relies on referrals or word-of-mouth to gain new customers, you’ll be able to tap into seniors’ vast networks of contacts from years in the work force.
  • Seniors typically aren’t dealing with children at home, and they may be widowed or widowers, so they have more free time to dedicate to their jobs.
  • Most seniors have a strong work ethic and are highly reliable.

How can you make the most of seniors at your business?

  • Take advantage of their natural skills and past experience. A senior may not do as well in a fast-paced environment. You can still tap into the senior employee’s abilities by having younger workers “triage” customer service calls and pass them on to the senior employee to handle in detail. This way, customers feel they are being responded to quickly, but also feel cared for by the detail-oriented senior employees.
  • Train them on technology to get them up to speed. Although they didn’t grow up with technology, seniors who are in the work force are typically eager to learn. Most seniors use the Internet, email and social media in their personal lives, so you won’t be starting totally from scratch.
  • Treat them with respect. Give seniors an opportunity to share their insights and experiences with younger employees on your team. Their approach to solving customer problems will likely shed new light on common issues your customer service staff faces.

There are plenty of senior job boards, such as JobsOver50 or Senior Job Bank, where you can list openings to attract this age group; you can also contact local organizations for seniors in your community. 


Nextiva Tuesday Tip: How to Hold an Online Focus Group

Stocksy_txp14c2a2052O6000_Small_64388 (1)Holding a focus group is a great way to learn what your target customers want from your business. Until recently, however, focus groups required physically getting representatives of your target market into a location; rewarding them with money, free gifts, food or some combination of all three; and organizing and recording the focus group session. This could be an expensive, stressful hassle for small business owners.

Now there’s a better way: You can simply go online to host a virtual “focus group” using survey tools and social media. While it may not be as in-depth as a real-world focus group, because you’ll be able to incorporate more people’s opinions, you will actually get a better feel for what your target customers think.

Here are some tips for making online focus groups work.

  1. Be specific. Online focus groups work best when they cast a wide net over a narrow subject, so it’s important to narrow down exactly what you want to find out. For example, if you sell women’s clothing online and you’re considering opening a physical store, you could ask whether customers would drive to a physical store, what local area would be preferred and what days and hours they would be likely to shop.
  2. Keep it simple. Customers get bored and tired if your online survey goes on too long. You can break your survey down and ask one or two quick questions a day right on social media. For example, use polling apps to set up a poll with radio button options on Facebook, or tweet out a question for users to answer. Even if you are conducting a longer survey, it’s best if you ensure it can be answered in just a few minutes.
  3. Provide room for expression. Radio buttons are an easy way to conduct online surveys, but make sure you leave a blank form at the end of the survey where users can add detailed comments or opinions. This can provide valuable insights into what customers want (or don’t want) from your business.
  4. Pay ‘em back. You may not need to order in pizza for customers of your virtual focus group, but you should reward them for their time if they take a survey longer than one or two questions. A good way to motivate users without going broke is to enter all survey respondents in a drawing to win a free product or other prize from your business. You could also offer a discount such as a code good for $5 off their next purchase.
  5. Use technology. Survey tools such as SurveyMonkey, Create Survey and QuestionPro let you create surveys in a variety of formats, then use analytics tools to dig into the results.
  6. Follow up. Ask survey respondents to share their contact information with you if they are comfortable having you follow up with more questions. This enables you to probe deeper into customers’ interests, wants and concerns, just as you would in a real-life focus group. 

Nextiva Tuesday Tip: 3 Types of Loyalty Programs and How to Make Them Work

Does your small business use a loyalty program to keep customers engaged and spur them to buy? The Boston Consulting Group recently published a report on loyalty programs and what it takes to make them profitable and effective for businesses.

According to BCG, there are three main types of loyalty programs:

  1. Earn-and-Burn. The classic punch-card program (Buy 10, get one free) is an example of earn-and-burn, in which customers benefit from their purchases by earning rewards at specific thresholds. Other types of earn-and-burn loyalty programs include points programs (in which customers earn points they can redeem for free products) and discount programs (in which members get discounts).
  2. Recognition. In a recognition program, repeat customers get special perks or services only for them, based on the total amount they spend or the total number of points they accumulate. Airline rewards points are an example of a recognition program; customers who accumulate a certain number of points earn special perks and upgrades. 
  3. Customer Relationship Management. CRM programs are the most sophisticated type of loyalty program. They typically use loyalty software to capture purchase data, then use that data to develop targeted special offers for loyalty members. Examples include members-only promotions or targeted communications such as newsletters, emails or even website content.

According to BCG, each type of program has its pros and cons. The cost of an earn-and-burn program can eliminate any gains, while recognition programs by their nature limit the number of members, and CRM programs can have both of these flaws.

Ideally, you’ll want to find a loyalty program that enables you to prompt more spending from customers, increasing your margins rather than cutting into them. BCG uses the example of a company with a 35 percent gross profit margin. In this case, a customer who spends $100 annually generates $35 in profit. If the customer joins the loyalty program and increases spending by 10 percent, to $110 annually, the company makes an additional $3.50 in profit. However, the cost of the loyalty program ($3.30) eats up most of that; essentially, the business is breaking even. But if the customer spends 20 percent more, the company makes $7 in profit, or $3.70 minus the cost of the loyalty program. At this point, profit begins to grow rapidly.

According to the study, the most profitable loyalty programs invest more in the customers who spend the most. Typically they do so by using a tiered rewards system: As customers meet increasingly higher thresholds of spending, they qualify for bigger and better rewards.

Ideally, you’ll also want to use rewards that are inexpensive for your business to give, but have high value to the customer. For example, a hotel that has an expensive room sitting unused can score points by upgrading a loyalty customer to that room. It doesn’t cost the hotel anything, but it earns greater loyalty from the customer.

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Nextiva Tuesday Tip: 5 Keys to Success in a Family Business

Stocksy_txp9b4a083fTr5000_Small_64619Did you know that 70 percent of family businesses never make it to the second generation? How can you avoid your family business becoming that kind of sad statistic? The key to keeping a family business surviving—and thriving—is communication. Here are five keys to good communication in your family-owned business.

  1. Pay attention. Is someone making a lot of bitter comments, showing up to work late (or not at all), or otherwise acting out? Keeping your eyes and ears open to what’s going on around you can nip communication problems in the bud.
  2. Address issues openly. Rightly or wrongly, many families “communicate” (or don’t) by sweeping things under the rug or denying that problems exist. When this kind of miscommunication infects the workplace, it can destroy your business. No matter how tough it is, make it a point to bring up problems before they fester.
  3. Keep it all in the family. Family business conflicts should be addressed openly, but that doesn’t mean they should be discussed in front of non-family employees. Call a family meeting or hold a one-on-one with the individual involved to hash out the problem before you involve non-family workers.
  4. Never assume. Because people are family, you may assume they will respond to things in certain ways or assign certain behaviors to them. (“Susan always gets offended by little things.”) Try to get beyond the “roles” that siblings, parents or other family members play in the family (the smart one, the peacemaker) and focus on the roles they play in the business. Give your family employees the same respect you’d give non-family employees and don’t attribute feelings to them without actually asking them how they’re feeling and what they’re thinking.
  5. Air the grievances. Let each family member get their feelings out in the open, even if you feel that one person is obviously right and the other wrong. An outside advisor, such as a family business consultant, your board of advisors or even a family therapist, can be helpful in mediating family business issues impartially. (It’s important, though, to make sure all family business members agree on who the outside advisor/s should be—ideally, before any problems arise.)

Nextiva Tuesday Tip: How Do Your Employees Really Feel About the 24/7 Workplace?

Is your small business using technologies that enable employees to stay connected to work even outside of work hours? If so, are you concerned your employees might feel overloaded by the need to check in with work when they’re off the clock?

Well, stop worrying. According to a recent Gallup Poll of full-time U.S. employees, nearly 80 percent of them feel somewhat or very positive about being able to use computers and/or mobile devices to stay connected to their jobs outside of normal working hours.

???????????????????????????????????A cynic would say perhaps one reason so many people feel good about being able to check in with work after-hours is that most of them don’t actually do it. About one-third (36 percent) frequently connect with work online after-hours, while 64 percent admit to doing so occasionally, rarely or not at all. (Apparently, they just like knowing the option is available.)

However, don’t be so cynical just yet. The study also reveals that 86 percent of those who regularly check in with work of their own accord, and 81 percent of those whose employers require them to do so, think it’s a positive development.

Of course, employees like being able to connect with their jobs outside regular working hours because it enables them to do things like attend their children’s school functions, take time off or work flexible hours. But work-life balance can quickly tip out of balance, as every small business owner knows from experience.

How can you ensure that the ability to work after-hours continues to have an upside for your team? Here are 3 tips:

  • Pay attention. If you notice employees seem like they’re starting to burn out, grumble or complain, assess what’s going wrong. Sometimes the ability to check in 24/7 can lead to a compulsion to do so.
  • Encourage downtime. Make sure employees have “disconnect” time to recharge their personal batteries by unplugging from their devices. Model this behavior yourself.
  • Pull back. Even if you require employees to be available and check in after normal work hours, try to set reasonable limits. For example, you could say that employees must be available up until 10 p.m and after 7 a.m. Even if employees have to be available 24/7, try staggering that responsibility so everyone gets some days off. 



 
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