Archive

Archive for June, 2010

Build Your Email List

June 30th, 2010 22 comments

Almost every business has it’s own email list, which is one of it’s most valuable assets.  But an important question to ask regarding your business is how effect is your email list?  Over the years, marketers have had to get very creative to engage their audience enough to get them to submit their email addresses.  To build your email list, use the below ideas:

  1. Provide information: users like receiving relevant articles, to do lists, effective tips, and useful resources that will help enhance their knowledge.
  2. Interactive tools: everyone needs an easy to access calculator or template, why not be the one to provide it?  Before you know it, users will come to you for additional resources.
  3. Deals: With the economy on it’s way to recovery, many users are still looking for deals.  Offer exclusive deals only to your email subscribers.

After you engage a user long enough to collect their email address, send them constant and relevant information and newsletters.  Before you know it, the user will have build a relationship with your business.

Budgeting for Social Media

June 20th, 2010 11 comments

As company executives start to finalize 2011′s financial budget, two important questions the must ask, “will Social Media be part of the budget. If so, how much should be allocated for it?”

According to a recent study released by Aberdeen Group, 63 percent of companies plan to increase their social media marketing budgets. Meanwhile, consumers are beginning to expect companies to have a social media presence. “Ninety-three percent of Americans expect companies to have a social media presence and are using [social media] to participate in conversations, engage with brands, and find job opportunities,” says Gini Dietrich, CEO of Arment Dietrich, a communications firm specializing in franchise and business services.

Choosing The Right Kind Of Business To Buy

June 10th, 2010 56 comments

Once you have decided to buy a business, the difficult decision is over.  Well, almost.  Regardless of how you arrived at the decision to buy a business, the decision of what kind of business you buy is a separate and independent decision.  It is true, that for many deciding to buy a business and deciding what kind of business to buy are integral to each other.  However, my strong advice to any one buying a business is to look at all options available to them before deciding to purchase a certain kind of business.

Now let me go through a handful of common businesses that are frequently bought and sold that you may consider.  Let us look at one of Americas long standing business that all Americans use and love, the venerable corner gas station!  Of course who doesn’t thing a gas station is not a good business?  Every one in my family and your family uses it to buy gas and may be a six-pack of beer or lottery tickets or milk etc?  You will find that there are hundreds of gas stations for sale close to your location.  Within gas stations, there are two kinds of gas stations.  The franchise gas station, or the independent retailer.  If you buy a franchise gas station, then you get the name brand recognition and the traffic associated with it.  But with franchise gas stations, you need to purchase the gasoline from the oil company which could be a bit expensive but you don’t have to worry about environmental issues.  With an independent gas station, you can sign contracts with any supplier, but you will have more exposure with environmental issues.  Also the marketing support provided by oil companies will be a lot of help if you are new to the gas station business.  When looking for a gas station for sale keep both options in mind with their pros and cons.  But regardless of which option you choose, the decision to buy a gas station is a good one.

Now let us look at another common business to buy, restaurants!  I would wager that buying a restaurant is a slightly more risky than buying a gas station. Why do I say that?  Because, gas stations main product is gasoline and there is not a lot of differentiation.  And buying gas is a necessity and gasoline for the most part is a commodity.  But the decision to buy a restaurant is a bit different.  There are countless number and kinds of restaurants for sale not far from your location.  But the first step in choosing the restaurant is do you like the restaurant.  In fact I will go one step further.  Do you absolutely love the restaurant?  The type of food being served, the ambiance, the location, the prices etc.  Certainly you can change most of the variables except the location.  However, I would recommend that focus only on a restaurant for sale if you absolutely love it as it stands.

Whether you decide to buy a gas station or a restaurant, it is critical that you go through the recommended steps before buying any business.  You need to evaluate the financials, determine the value, suitability to your operational experience among various other factors.

BuyTradeBiz.Com is internets newest business for sale and franchises for sale listing website.  This is the site for you if you are looking to sell a business or buy a business or if you are looking to buy a franchise business.

BuyTradeBiz.Com Offers Unique Opportunity For Business Owners

June 8th, 2010 34 comments

BuyTradeBiz.com, internet’s best new entrant in the business for sale and franchise for sale online listing service, continued to increase in traffic to its site. The site broke through the 70,000 mark for US sites in Alexa within 8 months of launch of the site. In addition the number of unique and repeat visitors continues to grow rapidly.

The number of businesses listed on the site has reached 2,700 and continues to increase daily. The number of brokers that have listed with site has been increasing steadily. The number of franchise opportunities that are listed in the site has also increased in the site showing the effectiveness of the company’s very active marketing campaigns. In Nov 2009, we attended the IBBA show in Reno, Nevada for the first time and received a lot of recognition from the broker community.

In 2010, we started to roll out a new Marketing Campaign that helped increase our presence within Social Media and continually increase our search engine ranking. We have introduced a Summer Promotional Offer where Business Brokers can register and renew their membership for $199 which includes a full year’s Featured Broker Membership and all the benefits the featured membership offers.

“The sites increased marketing efforts are being noticed within the Broker community. We have noticed the increase in number of views and enquiries of our business opportunities we have posted on this site”, says a leading business broker. In addition, Franchisors appreciate the sites clean design and highly navigable interfaces. “With our organic search results increasing everyday, it is helping us drive more Buyer traffic to the site. We have also increased our marketing efforts to help generate additional traffic. Be sure to look for us at the Spring 2010 IBBA conference in Orlando, FL!” said Sweta Shah, Marketing Director for BuyTradeBiz.com.

BuyTradeBiz.Com is internet’s newest businesses for sale and franchises for sale listing website. Designed using the latest Web 2.0 concepts buyers and sellers are increasingly adopting the site as their favorite platform to find a buy a business and sell a business. Privately held BuyTradeBiz.Com, was founded by veterans of the software industry, to create a new paradigm for the business marketplace.