Welcome to Enterprise Quest 6 January 2009  
   
Subscribe to your free EnterQuest bulletin:
your e-mail:
 
  Today's NewsLine
Click here to read today's Enterprise News Headlines
 

RESOURCE CENTRE


Scavenger
Over 800 reports for business and marketing plans, small and home business research


How to find more customers and increase sales

Browse our reviews of small business books

Your EnterQuest Bulletin - 19 October 2005


Thought for the week: "You may be disappointed if you fail, but you are doomed if you don't try." Beverly Sills


In this week's issue:

Small business answers

If you have any questions about your business idea or target market, or need help tracking down a grant, subsidy or business support in your local area, then send an e-mail with your query to the EnterQuest information team and we'll do our best to help.

Send your question to enterquest@cobwebinfo.com.

To access over 800 factsheets, guides and small business reports, go to www.scavenger.net.

Weekly stir

How to turn unhappy customers into loyal ones

One of the biggest fears faced by new small business owners and people aspiring to start a business is having to handle customer complaints, often from people who might even be angry and obstreperous. It's something that nobody particularly wants to deal with or to happen to them.

But like it or not, if you own a business you'll definitely get complaints at some point. And likewise, you'll get your fair share of returns and requests for refunds. It's a fact of business life, and you won't be able to escape it, because it's impossible to please all of the people all of the time.

You can find a practical factsheet about dealing with customer complaints on our Scavenger research website.

But there is something about getting customer complaints and requests for returns that can be a blessing in disguise. That is because the vast majority of unsatisfied customers don't complain at all.

Now before you start breathing a sigh of relief, you must realise that having unsatisfied customers who don't complain to you is actually bad news for your business. Because what these people do instead is pack their bags and take their custom somewhere else, and you won't have the foggiest idea why they've done it.

What every business needs is customers who complain. Yes, that's right, you should be grateful when they do, and it should be viewed as an invaluable gift to your enterprise. Customers who complain help you to find weaknesses in your products and in your standards of service. And these are weaknesses that you need to fix.

Customer complaints give you the raw, honest feedback about real things and real problems that are happening out at the coalface of your business. A lot of firms will even hire expensive consultants to find out about these weaknesses, while your complaining customers will do it for free.

And this is where you can find a real key to breeding ultra-loyal customers, because unhappy customers are ideally positioned to become the most loyal of all. Why is this?

Because their expectations are at their lowest.

At the point when someone complains to you, they probably already view you as the lowest form of life on the planet. They won't be expecting any extra-special treatment from you, but when you do give them this treatment, you'll actually take the wind right out of their sails and surprise them. In the most pleasant way possible.

Grabbing the opportunity to find a way to go the extra mile for a complaining customer is one of the most important loyalty-building strategies you can ever use.

You see, it's not product defects that destroy customer satisfaction. It's how you react to and deal with defects and complaints that will ultimately define your customers' satisfaction levels.

Your standard of customer service is only as good as the way you react when your back is against the wall and facing an unhappy, dissatisfied or even angry customer.

In fact, studies have been carried out that have shown that the most loyal customers of all are not the ones who have never experienced a problem with a business they buy from, but the ones who have experienced a problem with a product or service that they bought, and then received fantastic customer service as a result.

That is something that every small business owner should seriously think about.

For hundreds more practical tips and tactics to improve your sales and marketing efforts and results, read the UK Small Business Marketing Bible.

Marketing tip

Practical tips for using the telephone effectively

It goes without saying that the telephone can provide a vital communication line with your customers, suppliers and partners. But communicating with people effectively over the phone is a key business skill, whether you're dealing with a customer query or complaint, liaising with suppliers or making cold sales calls.

Important things to consider when using the phone include the following issues:

  • Planning what to say in advance to avoid getting flustered or distracted.
  • Being confident and clear when speaking over the phone.
  • Improving your selling skills.
  • Looking at how to end calls efficiently.
  • Following up your calls with further contact.
  • Making sure you're aware of the law covering using the phone for marketing purposes.

There are a number of low-cost courses providing professional training in telephone techniques for everyday business use. For example, the Chartered Institute of Marketing offers a one-day workshop on telephone selling techniques, and the Practical Training for Professionals portal runs a workshop on telephone techniques for incoming and outgoing calls.

Step-by-step, scripted advice on how to undertake a business telephone call is also available at the Homeworking.com tips and tools site.

Finally, if you're considering using the telephone to make unsolicited sales calls, you need to be aware of the relevant regulations - this comprehensive guide outlines how to stay within the law regarding the Telephone Preference Service.

Legal tip

Does your home-based business need planning permission?

Many new businesses start up from home, and one of their first puzzles is whether or not they need planning permission. There are plenty of regulations relating to changing what a building's used for and what it looks like from the outside.

But if you convert your living room into an office, are you 'changing a building's use', for example, and if you paint the outside of your house to match your business colours are you 'changing the external appearance of the building'?

If you're not sure, the best way to get an answer is to ask your local authority for an informal opinion.

Finally, the UK Red Tape Buster offers plenty of information about the law surrounding business premises and starting up from home.

IT tip

Watch out for bluesnarfers

Mobile phones and personal digital assistants (PDAs) that can be used to transfer information to your PC or laptop (in other words, Bluetooth-enabled devices) are at risk from a new kind of data thief, according to a survey carried out by Orthus.

Its advice is particularly important if you use your Bluetooth mobile or PDA while you're travelling.

Essentially, Orthus' warning boils down to this: don't leave the default security settings on when you buy your phone, and make sure you change the password regularly, because there are 'bluesnarfers' around, looking for insecure mobile Internet connections.

When the alternative could be a hijacked phone and the loss of e-mails or SMS messages, that sounds like good advice. There's more on Bluetooth security at the official Bluetooth website.

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

Regularly improving your vocabulary is not just about learning a new word and its meaning. It will improve your general knowledge and make you feel and act smarter in all sorts of personal and business situations.

Do you know what the word 'emolument' means?

a) a bonus or benefit paid to staff
b) the soothing or defusing of a difficult situation
c) the dissolution of a contract
d) payment or gain as a result of work carried out

Answer at the end of the Bulletin.

Website review

eBay (www.ebay.co.uk)

Research shows that more small business owners are using the eBay site to buy and sell goods - but how easy to use and accessible is the site in practical terms?

  • Navigation and presentation - although there's a lot going on when you arrive at eBay's homepage, the information is well presented and usefully categorised by sector and country. Things are kept simple, with 'buy', 'sell' and 'register' instructions presented clearly, and the sections explaining how to use eBay and its PayPal payment system are logical and helpful.


  • Accessibility - little consideration appears to have been given to the requirements of users with disabilities. We trawled the site map, A-Z index and help categories relentlessly and eventually located a hidden accessibility page. It offers the option to change text size, view a text-only version (of just the homepage) and asks for suggestions for improving accessibility - making the options more obvious would be one!


  • Content and usefulness - many of our subscribers will be familiar with the basic structure of eBay, but there are some exceptionally useful tools hidden within the site. Try visiting the eBay university, for example, which offers training courses in becoming a trader; in addition to this, there is a wealth of practical, step-by-step information on buying and selling via the site, including how to keep payments secure and how to sell internationally.

  • Relevance - although the purpose of the site doesn't really lend itself to offering news, there are a few up-to-the-minute resources here which are useful tools for business traders. eBay Pulse is a rolling index of what's currently hot on the site, and there are regularly updated, entertaining and enlightening discussion boards and feedback forums, too.

Overall, an extremely useful site for small businesses looking for an easy option for selling to new customers online, but the lack of awareness of accessibility issues is profoundly surprising.

Our rating - 14/20

Did you know?

New security flaws for Google and Microsoft

Microsoft has released nine patches as part of its latest monthly security update, with three of the fixes described as 'critical'. The patches address problems in the Windows operating system. The announcement coincides with Google's efforts to fix serious security vulnerabilities on its AdWords advertising programme, which could potentially leave users exposed to identity theft and phishing scams.

Dot-EU to launch in December

The launch of the new top-level domain for European businesses and individuals will take place on 7 December, the European registry EURid has announced. During the first phase, registration of .eu domain names will be open to organisations that want to register their trade marks, and 7 April will see registration open to everybody else.

And if you're looking to develop your own business website, why not check out the Small Business Builder, a unique tool to enable a complete novice to set up a website or online store.

Worth a visit

How to create a model workplace - Acas

The arbitration and conciliation body, Acas, has launched a new 'key points' plan to help businesses understand how to manage staff effectively. The 'Model Workplace' is presented as a one-stop reference booklet which identifies the key features of effective management and provides tips and guidance for business owners on how to achieve these points. Acas is running a series of free training sessions to complement the booklet, which is also free for single copies for a period of three months.

Worth a read

Written by employment law expert and Radio 4 presenter Liz Barclay, this practical manual focuses on helping small firms to understand and comply with their legal obligations towards employees. Covering topics such as avoiding common problems in the workplace, recruitment, disciplinary procedures, tackling discrimination, and setting job descriptions and staff duties, the book is written in jargon-free, accessible language. Check out:

Worth a read

Small Business Employment Law for Dummies, by Liz Barclay


Just one word answer

The answer is d).

An emolument is a payment or gain resulting from work carried out.

If you recruit staff, you will need to reward them with emoluments for their work.

Visit www.enterprisequest.com to access all back issues of the EnterQuest bulletin.

If you have any feedback or suggestions for us to make this service more relevant please e-mail your comments to enterquest@cobwebinfo.com.

If you wish to discontinue your subscription to EnterQuest please send a blank e-mail to enterquest@cobwebinfo.com putting UNSUBSCRIBE in the subject box.

Remember that we guarantee never to sell or give your e-mail address to anyone else.

Good luck

The EnterQuest Team

This information is meant as a starting point only. Whilst all reasonable efforts have been made, the publisher makes no warranties that the information is accurate and up-to-date and will not be responsible for any errors or omissions in the information nor any consequences of any errors or omissions. Professional advice should be sought where appropriate.


© 2005 Cobweb Information Limited
Reproduction or copying of information in this Bulletin is strictly forbidden without prior written permission.