Ways to Boost Business With a Blog

Author: Jason R. Rich

If done correctly, a blog can attract a dedicated audience to build upon and share expertise, information, ideas and content, while boosting awareness of your company and brand. If done incorrectly, however, you can leave customers feeling dissatisfied and ready to turn to your competitor. Here are four ways you can leverage a blog:

1. Create friend-sumers.
Promote a company, product or service by creating a blog that features how-to advice, news and other information of interest to customers. Through the blog, visitors can post testimonials, feedback, questions and comments, plus participate in surveys. By taking an informal, non-sales approach, a company can interact with customers, gain useful feedback and build an online audience that can ultimately be directed to the company's main website or retail store.

2. Provide exceptional customer support.
Supplement a company's existing technical support and customer service with an online forum for customers to openly post questions. While employees can update and maintain this type of blog, users feed it with comments and also tap the knowledge of other users by reading past questions and interacting on the forum. If done correctly, this type of blogging can dramatically cut the cost of personalized technical support and customer service. Check the comments section for frequent users who can be recruited as bloggers to further increase your blog's content. They can also be asked to "host" certain threads or wikis to encourage dialogue on topics that need a little TLC.
3. Increase your credibility.
A blog is an ideal tool to position yourself as an expert in your field by sharing your thoughts, knowledge, experience and insight. Obtaining expert status can increase your earning potential, make it easier to land a new job or promotion, and help attract new customers.
4. Gain more exposure.
Ask independent bloggers to write reviews and articles about your company. Having your information published on different blogs builds your legitimacy and exposure. Also, it's often faster and easier for a business to get blog content (as opposed to traditional website content) listed with the major internet search engines.


More Keys to Your Blogging Success:

Before investing the time and money, clearly define your potential blog's goals and objectives, and then determine your exact target audience. Figure out what you'll offer that's unique or that will set your blog apart, and make sure you have enough potential content to keep your blog continuously updated and fresh.

Next, figure out how you'll drive a steady flow of traffic to your blog and build its audience. Properly and creatively promoting a blog on an ongoing basis is essential for building an audience. For many bloggers, this often proves to be their biggest challenge. Having unrealistic expectations about how quickly and easily you'll be able to drive traffic to a new blog is one of the biggest reasons why bloggers fail.

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Creative Ways to Get the Cash Flowing

Author: Mark Henricks

In ordinary times, cash is merely king. When sales slump and costs rise, cash can claim a far more grandiose title: emperor of the universe, anyone? No matter how lofty its status or how stressful the environment, keeping cash flowing comes down to two things: accelerating the stream of cash coming into your business and slowing its outgo. But these days, says Tom Long, founder of Solid Oak Consulting, entrepreneurs need to take an especially creative approach to maintaining cash flow. Here are some ideas to get your creative juices flowing:

Make a careful and detailed cash-flow projection before you decide what, if anything, to do to improve your cash situation. And don’t rely on your accounting software to do it for you. Few software packages have the ability to do that job well. Your best bet is an electronic spreadsheet, such as Microsoft Excel.

Personally call people who owe you money to request payment. When the owner rather than an administrative assistant calls to collect, Long says, it gives the matter a particular urgency.

Don’t delay paying your own bills in order to conserve cash. Long says, “All kinds of challenges and problems can occur from that.”

On the other hand, don’t pay bills early--unless the seller offers a substantial discount for quick settlement. In that case, paying in 30 days to get a percentage point or two off the total can be well worth it.

Lease rather than buy equipment--even sell your building and lease it back. That can free up sizable amounts of cash. “Small businesses often want to own,” Long says. “But they’re not always looking at whether something’s worth having.”

Factor your invoices. If you thought of your company as one that didn’t have to factor its invoices, think again. Factoring, in which financial institutions buy receivables for a discount and then take over collections, is something large companies embrace more readily than small ones. But it’s just another form of financing: “I’ve never shied away from it,” Long says. A variant called purchase-order financing can provide the advance cash you need to handle an unusually large or complex order.

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