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Strategic Guidance to Build Your Business
Volume 3, Issue 1, September 08

"The Business Builder" is brought to you by VSA, Inc. in collaboration with Rink Consulting. VSA, Inc., founded by Valerie Schlitt, builds and implements B2B prospecting programs for businesses and professional service firms. VSA has a team of professional telephone callers who open doors to new business opportunities for VSA clients. Linda Rink, president of Rink Consulting, specializes in B2B and consumer marketing and research. Both Wharton MBA graduates, Valerie and Linda often team together to help clients identify and reach new customers. In this newsletter, they share some of their business development insights.

Three Basic Business Tips
by Valerie Schlitt, President of VSA, Inc.
Valerie Schlitt photo

The Business Builder is a collaborative experiment between Rink Consulting and VSA, born in September 2006. It has turned out to be terrific. I cannot encourage each of you strongly enough to embark on a similar collaborative effort.

For our two-year anniversary issue, VSA is presenting three basic business tips we have picked up over the last two years. And, they have nothing to do with B2B Cold Calling!

But we learned them all through cold calling!

Your assistants need a good "out of the office" response

We have heard it all. Once someone told us, "Oh, he left with a stomach ache three months ago and never came back."

Another receptionist told us, very graphically, about the terrible disease symptoms someone experienced for 3 weeks, and that's why she wasn't in the office.

Other times, we heard about exotic lengthy vacations - communicated in not so positive terms.

This is way too much information, and those we're calling probably don't want their personal situations shared this way to the world - especially customers.

Clearly these are rare instances, but when we get explanations like this they are glaring.

I caution you to be sure those who answer the phone in your absence know exactly what you want them to say.

The "Intercom"

We absolutely understand that smaller companies may not have a hold button on their phones. When they need to find someone in another part of the building, it's a lot of work.

But, putting the phone down and shouting the person's name is just plain unprofessional. We hear tones of voice that are unpleasant; we hear disagreeable responses from the other end of the building; and we feel that we're intruders.

So, if you don't have or use your hold button, think about the impression you might leave on others calling your firm.

It's one thing if we as B2B cold callers hear these shouts; it's another if it were a customer.

Auto Attendants and Voicemail

Okay, we're all trying to cut costs. We're all trying to become more efficient.

But, it's getting to the point where auto attendants are a real drain on efficiency. And voicemail blocks effective communication.

We make hundreds of calls every day. Over 50% of them leave us in a maze of pushing button after button to get through to a live person. Often we never get to the right person.

When we do, in only 10 - 20% of the cases do we actually talk to this person.

Imagine if we were customers trying to navigate a phone system. Trying to figure out which button to push.

In fact, VSA talked to a firm who wanted to work with us largely because we actually answered the phone! He said he called two other firms and the auto attendant directed him to voicemail. He decided against these firms because if these firms didn't answer the phone directly, perhaps his business just wasn't that important.

In today's world, there's technology that can direct your calls to your cell phone if you're not in. So, being out of the office is not a fool-proof reason not to answer the phone.

We encourage you to think of your phone system from your customers' perspectives. Make it easy for them to find you.

Summary

Think about the impression you're giving to your customers. You might even want to ask a few of them. If you're not making it easy for them, these are a few basic tips that can help.

Fortune Telling
by Linda Rink, President of RINK Consulting
Linda Rink photo

In honor of the second anniversary of The Business Builder, I thought this month I would write a more "fun" - but still useful - article on fortune telling! In these uncertain times, wouldn't it be nice to have a crystal ball to gaze into and be able to predict future trends?

In fact, there are websites that claim to spot trends in practically every imaginable area of interest. I've done research for you and picked some interesting ones. While I wouldn't necessarily advise playing the stock market with the information from these websites, they do make for fascinating reading.

Here are 20 websites that report on trends - from global to cellular!

1. www.wfs.org. The World Future Society's website offers plenty of info, including its annual "Top Ten Forecasts." You can also sign up for a free newsletter.

2. www.earthtrends.wri.org "is a comprehensive online database maintained by the World Resources Institute that focuses on the environmental, social, and economic trends that shape our world."

3. www.Springwise.com. With input from more than 8,000 trend "spotters," it pulls together new business ideas from around the world.

4. www.Trendwatching.com offers free monthly briefings on consumer trends.

5. www.Trendhunter.com lets you subscribe to Trend Candy, its "delicious" free weekly e- report.

6. www.Google.com/trends/hottrends will give you the day's hot trends, as measured by Google searches.

7. www.addictomatic.com compiles the latest buzz on any topic, pulled from the web, blogs, Flickr, etc.

8. www.Fashiontrendsetter.com reports on fashion all over the world.

9. www.Style.com/trendsshopping. Make sure you have a good pop-up blocker, then read all about the latest runway shows.

10. www.digitaltrends.com. Read it for tech product reviews.

11. www.searchtrends.org. Blog containing news and commentary on the world of search engines.

12. www.realtrends.com. News about the residential real estate market.

13. www.luxuryhousingtrends.com. Home improvement ideas, presumably for those with plenty of money to spend.

14. www.turfgrasstrends.com. In case you are responsible for the grass at golf courses.

15. www.constructiontrends.com has links to numerous free articles on topics from interior design to the latest in "green" housing.

16. www.smallbiztrends.com is a marketing blog that "updates you on trends affecting the small business market."

17. www.roboticstrends.com covers all things robotics, including personal robots!

18. www.wxtrends.com. Weather Trends International offers "the unparalleled competitive advantage of pro-actively planning for the weather over a year in advance!" Wow - sounds like a great tool for vacation planning!

19. You would think that a website called www.trends.com would have a goldmine of crystal-gazing info. Well, only if you're interested in specialized scientific publications like "Trends in Endocrinology and Metabolism."

And finally

20. To be fully prepared for anything, you can subscribe to the Trends Journal put out by the Trends Research Institute (www.trendsresearch.com), which "allows you to participate, recognize and preempt significant changes in virtually every field of modern life." Whew!

Stay tuned

Soon you will have a chance to give us formal feedback via a short (I promise!) online survey, so that we can make sure The Business Builder continues to be informative and enjoyable. Watch for the survey link in the November issue.

RINK Consulting
1420 Locust Street, Suite 31N
Philadelphia, PA 19102
215-546-5863
lrink@lindarink.com
www.lindarink.com