Three Tips for Growing your Home-based Business.

Via on Apr 13, 2012

Do you dream of having your own home-based business?

Do you have a great idea, product, or service and wish you could connect with the people who need it? Are you a great coach, therapist, or other professional without clients? You’re not alone!

According to DigitalMedia January 4, 2012, 51.6% of small businesses are home-based—and the Small Business Administration reports that 50% of small businesses fail within the first 5 years.

Among the top 10 reasons for failure is low sales and that’s no surprise, considering the negative stereotype our society holds of sales people and how many of us carry it within our own hearts. I hear people say, “I’m a great coach but I hate feeling salesy,” or “I’m a terrific jewelry designer but I know nothing about selling.”  Or “I’m just not pushy enough to sell.”

This sales-phobia is real and there are often good reasons for it.

You may feel you would be imposing on your friends.

You may feel any effort to promote yourself and your ideas will seem “pushy.”

You may not know how to start.

Or maybe just hearing the word “sell” gives you chills.

The bottom line is that no one benefits from all you have to offer until something is sold!  So here are 3 tips for getting started:

1.  Understand your self and your own story:

Why do you want to be in business?  And why did you choose to offer this particular service or product?

If your first answer is to make money, dig deeper: what would having that money allow you to do?

Do you want the freedom of being self-employed so you can spend more time with your family?

Would that money help build an emergency fund or a college fund?

Would it pay for a great vacation?

Then begin understanding your potential customers and their stories.

What do you believe you have to offer them? Great service? Good products? What is your commitment to them?

The best way to do this is to think of 3 scenarios where what you offer can help someone achieve their own goals. For example, do you sell jewelry? Or do you sell confidence.

Would your expertise in accessorizing help your client feel great about that date? or a job interview? or a big presentation?

Do you sell health products? or do you sell energy and well-being?

Would your products help someone have more energy to do all the things that are important to them?  Less stress? Pain relief?

Remember, you first need to understand your customer and what’s important to them and only then do you know whether what you offer can help.

2.  Spread the word.

Don’t want to lean on your friends? You can spread the word about what you offer using Facebook or LinkedIn. You can build a newsletter list to spread the word when you have something new to offer and some important event coming up. Best of all, you can donate your time to people who would benefit but can’t afford to pay you right now. Volunteering builds your confidence and gives you a better understanding of how what you provide helps others. For example,

How about taking your knowledge of accessorizing to Dress for Success?

How about offering a brief talk on stress reduction at a senior center?

Reach out and be generous with your time and always ask your audience to let you know of anyone they think would be interested. Pass around a sign-up list. When you bring people value, they talk about it.

3. Follow up!  

Write thank you notes. Send your card. Build your email list for news and promotions. And let your customers know they are important to you.

It’s still true, even in this age of the internet and social media, people buy from people. Be the person they want to buy from by understanding and caring about their goals.

~

Please like elephant work & money on facebook.

Prepared by Bob W.

Editor: Lynn Hasselberger

About Sharon Parker

Sharon Parker successfully sold high-tech products and services for 25 years. Her book, Selling with Soul: Achieving Career Success without Sacrificing Personal and Spiritual Growth, was re-released as a second edition with new content and updated material in January 2012. The book counters the negative notions of selling and explains how selling is an honorable profession that creates value for us all when it is done with empathy for the customer and a firm commitment to integrity. She donates all the profits from the book to educational scholarships for women and minority students. / As Founder and Principle Consultant of Sparker, The Coaching Company, she provides training for sales people and sales managers using the CustomerCentric Selling® methodology. As a licensed facilitator with Corporate Coach U, she teaches coaching clinics to front-line managers and team leaders and offers individual and small group coaching to help people achieve their personal best. For more information, contact Sharon@sparkercoaching.com or visit the website: sparkercoaching.com.

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2 Responses to “Three Tips for Growing your Home-based Business.”

  1. Ouida Raymos says:

    Most people don’t realise that the 1700% APR’s that they see around are not actually what they have to pay. They would usually pay about 20% for a 30 day loan. Thank you for the brill article.

  2. [...] If you answered no to all of the above, chances are that you have mostly been self-employed. [...]

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