SWOT Analysis: The Good, The Bad & The Ugly

There’s a marketing concept called a SWOT Analysis.
Sounds pretty daunting doesn’t it?

Well, don’t worry it’s not. It’s actually very simple.
And it’s something that can make or break your business.

What is SWOT?

It stands for Strengths, Weaknesses, Opportunities
and Threats.

What do you do with it?

You use it to size-up your current situation with
your business so you can create a plan to be successful.

Ask yourself the following questions BEFORE you start
marketing:

(1) What are your Strengths?

What do you do well? What characteristics do you have
that will help you be successful in business? What
relevant experience do you have?

Size up all the strengths you bring to your business.

(2) What are your Weaknesses?

Now it’s time to play the other side of the card. What
weaknesses do you have that could negatively impact your
ability to be successful in your business? Lack of
experience? Lack of capital to support the growth of
the business? Lack of knowledge?

Make a list of all your weaknesses.

(3) What Opportunities do you see?

What’s going on in the marketplace, or in your industry
or business category, that could create an opportunity
for your business? A niche that is not being covered?
An audience that is not being addressed?

Uncover all the opportunities available to you.

(4) What Threats do you see?

Time to play the other side again. What’s going on in
the marketplace or your industry that could threaten your
ability to be successful? Are there a lot of competitors?
Do they have deeper pockets or a better product or service?
Is the economy on a downward trend?

Be aware of all potential threats to your business success.

There you have it. You’ve just done a SWOT Analysis for
your business. The information you’ve uncovered can mean
the difference between business success, or struggle and
failure.

Being prepared BEFORE you go into business, or before you
start marketing is a critical step in building a successful
business. Knowing challenges you might face allows you to
prepare, overcome or take a different path. And capitalizing
on your strengths and the opportunities available to you
will make your journey more enjoyable and more fruitful.

(C) Copyright 2006 Debbie LaChusa

Debbie LaChusa created The 10stepmarketing System to make marketing your own business as simple as answering 10 questions. Learn more about this unique, step-by-step system and get a free 10-week Marketing E-Course when you subscribe to the free, weekly 10stepmarketing Ezine at http://www.10stepmarketing.com.

Debbie LaChusa - EzineArticles Expert Author

Marketing Magic: Are You Sharpening Your Saw?

What does it mean to “sharpen your saw?’

According to Dr. Steven Covey, “sharpening your saw” means
Increasing your personal production capacity by daily self care and self-maintenance. Why is this important? In my 30 years of working with clients to help them maximize their success, it is so clear that those who neglect this will never reach their goals.

For example, one of my clients, Sandra, (all names have been changed) struggled with a sugar addictions for years. Her business was always in chaos, as she had roller coaster moods that would never allow her to focus on her business. Another client, Jane, never wanted to look at how her addiction to alcohol affected her business. Once she made the decision to limit her alcohol intake, she regained energy and strength and her business took off.

The four levels of “sharpening your saw”:

• The physical levelHow good are you at getting enough rest, sleep and exercise? Is your diet healthy or do find yourself relying on fast foods? What about your water intake? Are you drinking 2-3 quarts a day? Very important: are you allowing yourself to breathe deeply? So many of my clients were in the habit of shallow breathing and depriving themselves of the needed oxygen for energy. How well do you take care of your physical body? The answer to this will determine not only the health of your body but also the health your business and your ability to wisely market yourself.

• The mental levelWhat kind of thoughts do you entertain? Are you focused on what you don’t want or what you do want ? Your thoughts create your reality, so what thoughts are you thinking right now? Whenever you catch yourself in negative self talk, use the STOP Technique. Just say STOP, take a deep breath and change that thought to a more positive one.

• The emotional level—Are you doing things that make you happy? Are you around people and activities that bring you joy? So many times in our focus to achieve success, we deprive ourselves of a balanced life. Guess what? You attract the energy that you radiate. So if you want to attract happy appreciative clients, become happy and appreciative. Before you know it the business you had been struggling to have is now drawn to you like a magnet. Everyone wants to do business with people who are positive and uplifting.

• The spiritual level—What are you doing each day and each week to nourish yourself spiritually? Whether you are religious or not , I have never met anyone who didn’t sense that there is a Diving Intelligence that created this universe. And this Divine Intelligence is abundant, just look at the trees and the flowers. The more you are aligned with this essence the more your have a solid spiritual foundation. Maybe your spiritual nourishment is church, maybe it’s the trees or the ocean. Find that place where you are in a state of awe and wonder and visit there often.

By Maya Bailey, Ph.D.

Maya Bailey, Ph.D. - EzineArticles Expert Author

For more information about how you can maximize your success
in business, please visit my website : http://www.90daystomoreclients.com While you’re there, please
click on the first button to hear a Free Audio Mentoring
Session , “The seven strategies to getting more clients in 90 days.”

Making a Living on the Internet

Why so many people are interested in finding a way to make a living on the internet today…

and why so many more will begin trying in the future.

The Internet has become the information and service highway the forecasters predicted it would years ago. More people buy information and services on the Internet than any where else.

It is a $70 billion a year industry, and it continues to grow more every single day. It is estimated to reach trillions within 5 years. NOW is the time that will shape the future of ALL business, so you might as well GET-IN while the getting is still good.

The two biggest reasons why:

1. If you know what you are doing you can pretty much put your earnings on autopilot in a short period of time.

2. The initial investment it takes to start making significant recurring profit online is nowhere near the investment it takes to make money offline.

With all of the affordable and realistic passive income opportunities today that require no real education to be successful…

What does it take to be successful online?

Most Successtreneurs will tell you that they have achieved success online in one of two ways:

1. Trial and error

With so many programs GUARANTEEING small fortunes with the click of a button, the internet can be a jungle… a very dangerous and expensive one for someone that doesn’t really know what they are doing.

Pretty soon they have bought so many BS programs, getting disappointed day after day… hour after hour… over and over again.

After a while they just kind of “figure things out” for themselves, and eventually learn how to research the internet correctly for legitimate ways to make money.

The problem is that so many people never “figure things out” and go back to their offline job forever, convinced that the whole internet is one big scam.

2. They were “taken by the hand.”

Early on they met one or two people that they could ACTUALLY trust, who had more experience than them, that told them what NOT to do, and got them set up correctly to profit online.

Whether or not you have been around for awhile, or are new to this cutthroat internet marketing world, it is important that you are familiar with some of the other “money making” programs floating around the internet.

Lots of money can be made.

You just have to find the right program.

Michael Harrington

http://www.xtremewealth.h2g2profits.com

How To Use Email To Build Customer Relationships

The single most important marketing strategy you can use to maximize all of your other marketing is to communicate on a regular basis with your customers. You need to do this in order to maintain strong and positive relationships with your customers.

People are bombarded with more information today than at any time in history. The moment a customer has transacted business with you, their minds immediately go to some other concern, issue, or problem, and your product or service is gone from their conscious thinking.

Your challenge and biggest opportunity, if you’re going to retain your customers, is to keep your customers constantly connected to you. Keep them constantly thinking about how valuable you are, and how much they enjoy and benefit from your products or services.

The more contact and communication you have with a customer, the stronger and richer the relationship will become. Keeping in constant communication with your customers won’t work if you don’t do it strategically. Strategic means ongoing and purposeful communication that serves the customer.

The Information Age is all about communication and one the most effective ways to build relationships with your customers is through email. Email is easy and anyone can do it. Unlike many other marketing tools it doesn’t take any technical or artistic skills to execute a good email marketing campaign.

Email is one of the least expensive marketing tools you have at your disposal. With email you can really nurture relationships over the long haul. Consider all those prospects that slip away just because it’s not cost effective to keep engaging them. Lead management is one of the best uses for email.

Email also can be customized instantly so that you’re sending the message you want to a specific customer at the right time. In addition, email is interactive, providing you with specific feedback regarding how your prospect or customer feels about your message. It also gives the prospect or customer the ability to respond instantly to your message as well.

Before you start up an email marketing program it’s important to remember that you are doing it to establish better customer relationships. Every time you think about sending an email to a prospect or a customer, ask yourself, “Does this do anything to build a relationship, or is it just a general advertising message?”

Communicating with a customer and telling him or her how great your product or service is, doesn’t do the customer any good. Communicating with the customer and finding out how well your product or service is performing, offering him or her advice that will help him or her get longer and better use out of our product or service, is a great benefit to him or her.

Your message should always be personalized. Whether your message is a print ad, direct mail letter, or a television or radio ad, in order to be effective, it must speak to one person at a time. If you want to build a relationship with a customer, keep it personal and make sure emails come from an individual, and not the company they represent.

You don’t have to limit your emails to building relationships with just prospects and customers. Use it to develop relationships with colleagues, people in other departments, and your employees. Email people who do what you do, who sell the product or service you sell, but in markets where you don’t compete. Share with them, and find out what they’re doing and where they’re finding avenues of success.

Relevance is perhaps the most important key to building customer relationships. Always think about who you are sending an email to and what you are sending them. Is it relevant to each and every person on your list? If not, segment the list and send your message only to those prospects or customers who will view it as valuable.

The average business person receives about 50 emails per day, and has the time to maybe answer 10 of them. What happens when you send someone an email that isn’t relevant? They don’t answer your message, and just delete it. They often won’t even pay attention to your emails anymore and you’ve wasted your opportunity to establish a good relationship.

If you are sending out mass emails, only send them to people who have specifically requested to hear from you via email, and if a prospect or customer requests you to remove him or her from your distribution list you’re bound by the CAN-SPAM Act to do so immmediately.

Email is an important part of your marketing that you should use. If you aren’t using it yet, start! If you already have an email marketing system in place, pay attention to it, have clear expectations, measure your success, and if necessary make changes to your approach. Keep it personal, and keep it relevant. Your customer list will build and your profits will show it.

Copyright©2006 by Joe Love and JLM & Associates, Inc. All rights reserved worldwide.

Joe Love - EzineArticles Expert Author

Joe Love draws on his 25 years of experience helping both individuals and companies build their businesses, increase profits, and achieve total success. He is the founder and CEO of JLM & Associates, a consulting and training organization, specializing in personal and business development. Through his seminars and lectures, Joe Love addresses thousands of men and women each year, including the executives and staffs of many of America’s largest corporations, on the subjects of leadership, self-esteem, goals, achievement, and success psychology.

Reach Joe at: joe@jlmandassociates.com

Read more articles and newsletters at: http://www.jlmandassociates.com