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Your EnterQuest Bulletin - 7 September 2004
| Thought
for the week: "Ideas are like rabbits. You get a couple,
learn how to look after them, and pretty soon you have a dozen."
John Steinbeck |
In
this week's issue:
- responding
to your prospects on time
- business
rates valuation explained
- using
the web as a dictionary
- understanding
social enterprise
Marketing
tip
Responding
to your prospects on time
So, you've spent a lot of time and money writing,
testing, rewriting and finally sending out a great mailshot promoting
your new product. You're sure it's going to work well, because the
test you diligently carried out proved very effective. All you have
to do now is wait for the responses to start flooding in. But there's
one other thing you need to remember.
Be there to receive them.
Too many small businesses waste blood, sweat and
tears - not to mention cash - planning and carrying out a promotional
campaign, only to blow it all by making the prospects who respond
to it wait too long for a response.
Of course, you can't man your phones and e-mail
systems 24-7. But there are a few things you can do to make sure
your potential new customers don't get tired of waiting for you.
- Set up a recorded voicemail which you can use
to make sure that even prospects who call out-of-hours have somewhere
to leave their names and numbers. Then, first thing every morning,
make it your top priority to get back to them. A prospect who
rings you up at 11pm (and you'd be surprised how many will) won't
necessarily expect you to answer the phone, but they WILL appreciate
a call back the following day.
- Make sure your website includes an e-mail address,
or better still, an e-mail enquiry form, to enable interested
visitors to contact you. More people are using the Internet to
research products and services, and this method of research appeals
to people with full-time jobs who don't have time to call you
during business hours.
- If you do happen to pick up an e-mail enquiry
or phone message after hours, don't be afraid to reply to it immediately.
Some small business owners worry that this will set an unhelpful
precedent or look unprofessional, but the truth is that prospects
simply want a fast response. They won't notice the time marked
on your e-mail to them, but they will remember how quickly you
replied.
- Decide on an acceptable response time, include
it in your promotional literature, and stick to it. If it's going
to take you two days to follow up each lead because you're working
alone, then make sure you tell prospects this so that they're
not disappointed by the lack of an immediate response.
- Don't let public holidays spoil all your efforts.
If you know that you're going to be unable to respond to enquiries
between Christmas and New Year, make sure you leave a voicemail
or set up an automated e-mail response to keep your prospects
informed and let them know when they can expect a reply. Don't
leave them hanging, as they won't hang around for long.
The UK
Small Business Marketing Bible contains more practical advice
on responding to enquiries, as well as hundreds of tips and tactics
for boosting your sales using proven marketing strategies that work
no matter what product or service you sell.
Legal
tip
Business
rates: how the valuation process works
Setting up a home office is a favourite way for
entrepreneurs to get their business ideas off the ground. It saves
on rental charges, it allows you to balance home and work life,
and it cuts out the daily commute which is a feature of many office
workers' lives.
You can expect your local Valuation Office (VOA)
to find it interesting too. Their job is to assess properties for
the purpose of setting council tax and rateable value, and they
will make a decision on whether your home is liable for business
rates or council tax depending on how it's used.
The VOA considers "the extent and frequency of the
business use of the room (or rooms)" you use for your business,
and takes into consideration any alterations you've made to make
your home suitable for running a business.
If they decide that part of your home is mostly
or entirely used for business purposes, they may well split your
rates between council tax and business rates.
There are no hard and fast rules, so the VOA offers
some examples of decisions they make. An office with a lot of business
equipment is likely to be considered business premises, but a room
with a computer and a phone may well still be subject to council
tax. Getting a second phone line installed (a common practice with
business owners trying to separate work and home life) may prove
decisive, and the use made of a room for normal domestic life will
be an important factor.
With this in mind, the VOA website (http://www.voa.gov.uk/council_tax/working_from_home.htm)
is worth checking out before making any major decisions about extensions
and conversions to your home. And the Red Tape BUSTER has useful guides to tax, working
from home, and hundreds of other scenarios and FAQs about the legal
issues faced by small businesses.
IT
tip
Using
the web as a dictionary
Now that everybody seems to be doing business with
firms and people abroad, it's a good idea to be fluent in three
or four languages. Five, if possible.
But wait, let's get back to reality. If you're too
busy running your business to spend the thousands of hours that
would take, there are ways of finding out what that German catalogue
means, how to send a confirmation note to your new Russian customer,
and whether that strange Italian e-mail you received is a valuable
order or a marriage proposal.
- Alta Vista has been offering free online translations
via Babelfish (http://babelfish.altavista.com) for several years now.
Sure, it's taken some flak since it translated the Italian for
World Cup as Global Teacup, but it continues to improve and add
new languages, including Chinese and Russian.
- If you're looking for the meaning of individual
words, the European Union portal offers a huge database called
Eurodicautom (http://europa.eu.int/eurodicautom/login.jsp), which covers
most continental languages. It's particularly impressive for technical
terms, but it's also great if you're just looking for the French
for "for your information".
- Trueterms offer a free multilingual dictionary,
but strangely not on their website. It's available at Downloads.com
(http://www.download.com/Travel-Dictionary-English-for-Windows/3000-2279-10118104.html),
and contains a database of words in all the major European languages.
- And finally, Travlang (http://dictionaries2.travlang.com/index.html) has everything
the business traveller or tourist needs. It includes online dictionaries,
but also sells a range of handheld translation machines from Seiko,
Franklin and Ectaco.
New
business idea
Each
week we provide you with summaries of some popular or emerging business
ideas in the UK.
Here
is this week's idea:
Just one
word
Do
you know what the word 'rescind' means?
a. to solve a problem
b. to cancel or revoke
c. to replace a faulty product
d. to compensate
Answer at the end of Bulletin.
Did
you know?
Beware
of brandnappers
If you're thinking of travelling to an international
trade fair to display your wares and meet new customers, be on the
lookout for a new breed of scammers, pegged as 'brandnappers'. The
Institute of Trade Mark Attorneys (ITMA) is advising small businesses
to register trade marks on their products prior to attending trade
shows, after a recent case saw a rejected distributor attempt to
register the same trade mark as the business they had hoped to work
with.
Get advice from the ITMA at:
http://www.itma.org.uk/news-events/press-releases/press-view.php?id=97&date=25%20Aug
You can get an explanation on what a trade mark
actually is, and how it works, from the UK Patent Office at:
http://www.patent.gov.uk/media/pressrelease/2004/2408.htm
Google
web alerts
Is there any end to the number of marvellous things
that Google can do? The latest trick we've discovered is Google's
web alerts. If you register with this free service, Google will
e-mail you every time some new information relating to one of your
searches becomes available on the Internet. This can be a great
way of keeping up to date with news and developments in your business
sector.
To find out more, and to register with the service,
click on:
http://www.google.com/webalerts
Safer
food, better business
The Food Standards Agency's website is a diamond
among the rough collection of Government sites, in that it's easy
to navigate, helpful, and packed with practical information for
business owners. This offshoot of the main site is a brilliant resource
for anyone planning to set up a food or catering related enterprise.
It offers advice on food hygiene issues designed specifically for
small businesses, with sections on cleaning, cooking, chilling and
avoiding cross-contamination. Start up caterers can even download
a free guidance booklet.
Browse this informative site at:
http://cleanup.food.gov.uk
Worth
a visit
Improve
your sales copy with the King of creativity
Being able to write good copy - or willing to employ
someone who can - is crucially important for most businesses, whether
it means writing sales copy for a direct mailshot or preparing a
press release for your local paper. This free online tutorial was
written for creative types by novelist Stephen King, but his ten
practical tips on writing well apply to anyone needing to brush
up their skills in this department.
Find out how to make your sales copy a bestseller
at:
http://www.msu.edu/~jdowell/King_Everything.html
Scratching
the community itch
Everybody's talking about social enterprises at
the moment, and the Government has introduced some initiatives to
encourage people who want to develop this type of community-focused
business idea. This site provides an introduction to the concept
of social enterprise, with news articles and links for anyone keen
to take their idea further. Eligible projects might also qualify
for help with online promotion, web design and finding resources.
Check out Backscratchers at:
http://www.backscratchers.org
Search
engine optimisation explained
If you're trying to navigate through the mysteries
of optimising your website to achieve the best search engine ranking,
then this site might help clear a few things up. It'll tell you
how keyword friendly your site is, how many other people link to
it, and also includes tutorials, articles and quizzes to improve
your knowledge of how search engine optimisation works. Best of
all, every single tool is free.
What are you waiting for? Go to:
http://www.seo-guy.com/seo-tools
Worth
a read
Based
on a recent series of psychological experiments, this book explores
how to spot, and then make the most of, business opportunities that
crop up in everyday life. It explains the scientific evidence behind
the experiments in layman's terms, and goes on to offer practical
advice on how to exploit opportunities that you find. All in all,
an entertaining and unusual read that will boost your creative thinking
powers.
Just
one word answer
The answer is b)
To rescind means to cancel or revoke. It's often used in business
contract terminology, but can also apply to a customer cancelling
an order.
Under distance selling law, customers have seven days in which
to rescind their order.
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luck
The EnterQuest Team
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information is meant as a starting point only. Whilst all reasonable
efforts have been made, the publisher makes no warranties that the
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