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Archive for March, 2009

Forecasting Sales

Thursday, March 12th, 2009

Sales forecasting is the practice of analyzing so that you can estimate what your sales will be. Key steps that you need to undertake are:

• Understand trends in your industry
• Determine the size of your market
• List your competitors
• Refer to last year’s figures

Understanding trends in your industry

Experience may have taught you that about 20% of your customers account for 80% of your sales. You should identify the 20% and then develop a profile of your market. An example of this would be: 20% of my customers are medium businesses from large cities in the U.S. They are purchasing agents in the Finance industry. While their pockets are deep, they tend to go with the lowest bidder.
Learn about the trends that drive this market by doing research with trade magazines and online sites where this demographic may reside.

Determine the size of your market

Know how big your trading area is and gather as many available statistics of this area that you can. If you’re a retailer, for example, you will want to know how far people tend to travel in order to shop. How much does the average household spend?
Establish the approximate size and location of your planned trading area. Use available statistics to determine the general characteristics of this area. Use local sources to determine unique characteristics about your trading area. You can get detailed information from the Chamber of Commerce or even use your local directory to determine the size and characteristics of your market.

List your competition

Who are the companies that you tend to hear about often? Are you in a crowded space or does your company stand out as being one of the few offering your product or service? You should estimate what percentage of overall sales you will get when compared to your competitors. If you’re a market leader, there is no reason that you should get a nice sized slice of the pie. Determining where you stand against your competitors will help you figure out how to forecast incoming revenue.

Refer to Last Year

You should look at sales revenues from the same months in previous years to use a base to determine incoming sales for the upcoming year. You can adjust these figures with the rate of general growth in your industry. So, if your industry expects a 10% growth in sales, you can use last year’s figures and increase them by 10%. Other factors that can impact last year’s figures can include the economy, different sales size, new products and or/services.

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Omaha Stylee

Tuesday, March 10th, 2009

I have decided to resurrect an old topic, because it is so important to drawing immediate attention to your directory. Style Customization! Having a unique look and feel to the directory can help separate you from the competition. One of the most important things to supply to the design team when beginning a style customization to the eDirectory is a quality mockup. A mockup is a layout model of what you would like the final look of the site; it provides a visual presentation of the website structure.

When beginning to create a mockup or when you are searching the internet for a premade template it is important to consider the following list of questions:

  1. What is your business area? (Look for a mockup that fits well in your industry)
  2. Which basic modules do you want customized?
  3. Describe the content you want in the following area: Left Column, Right Column, Middle Column
  4. What are the items you want in the top and bottom navigation bar.
  5. What are your color preferences?

When providing a mockup for the application of a design to the eDirectory we look for the following file types:

  • Photoshop (PSD)
  • PNG Files
  • Zip Files containing the .html / .css files

It is best to include a mockup of the Homepage of the Directory; Front, Results and Detail pages for each module you wish to have customized, as well as pages illustrating the layout of the Advertise with Us page and the Contact Us page. To accompany the specified files, it can help to have a detailed word document further outlining what is in the files.

If you are unsure of the final design of your site there are many reference areas you can use to help you come to a conclusion regarding your design. You can do the following:

  1. Create several rough drafts and compile them into a final solution
  2. Review current websites to help you gather ideas for your own
  3. Review and purchase pre-made templates from sites such as Template Monster, Dream Template, or Theme Forest.
  4. Consult a website designer to discuss your needs and design a completely custom template

Designing the look and feel of your site can be one of the most enjoyable aspects of beginning a new online business and directory because it allows your inner creativity to come out. It also helps you to create a look and feel that you think will draw visitors to your site and take you ahead of the competition.

Jessica
Project Manager, eDirectory

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What is Customer Service

Friday, March 6th, 2009

Simple Question RIGHT?

Wikipedia defines customer service as:
“Customer service is a series of activities designed to enhance the level of customer satisfaction – that is, the feeling that a product or service has met the customer expectation.”

In the marketplace today it seems that more and more companies are abandoning the idea of good old fashioned customer service. I will try and related a couple of personal stories that will contrast the two ways I see service.

Bad Customer Services: (true story)

Recently a co-worker and I went to a major fast food chain with a local advert that was sent to me in the mail. Upon arriving we placed our order and things went horribly wrong. To keep the story short, it took over 10 minutes to PLACE the order. During this time the manager berated her employees in front of us, and made zero attempts to make the situation right for me the customer that had been standing here for over 10 minutes trying to order food, and pay them. We left quite upset over the lack of any customer service.

I then went the extra mile to help the company and reported the incident to the head office. This proved to only show the reason that their was no customer service in the local stores. I was bounced around on the corporate phone system, and when I got a person who said they would help, they took my story and said she will tell someone. Never once did she offer to make the problem whole with me the client. Furthermore she never even asked for my contact details so she could try and followup.

catssnugglingsmall.jpg

Polly (black & white) and Tye (Orange)

Good Customer Service: (true story)

Just this past sunday, my wife and I were at our local mega pet store picking up some more cat supplies (food, litter, catnip etc). Now, I am a pet person, and so I would love to have a dog, but the apartment we live in only allows 2 pets and our two cats.  Well I was explaining to my wife my love of my previous fish tanks, and so now we are shopping for tanks.

While at the local store, I was looking at my options, and started talking to the local sales guy about the options etc they offered. He turned out to be a big fish guy, and even suggested that a sale at his store might not be the best option. He explained that there are a couple of local shops that would be able to offer me more of a selection and maybe a better price.

When we went to checkout, he was also there helping out on the registers as the lines got backed up, and it was a pleasure to see him going the extra mile for clients. He stopped the lines to go and get a client checking out a product that she forgot to pick up.

So we come back around to the question of the day “What is Customer Service”. If we go purely off the definition, then our first company did not perform any actions to enhance the level of customer satisfaction, where as the second went above and beyond and clearly met my expectations.

Here at eDirectory (ArcaSolutions), we strive to be the second and work hard to avoid the first of our examples. This is seen in our sales process with live chat, phone and email sales assistance. To our support team providing on/off hour support via email, phone, ticketing system. To our custom dev teams, where we assign a personal project manager to your project so you do not have to explain your customization to the next guy each time you call. We clearly are focused on the area of “enhancing the level of customer satisfaction” for each and every customer as part of our DNA.

ipod-warmer.jpeg

iPod Knit Sock

Now the question comes back around to you as a business owner or even shopper (online/offline). What is customer service to you? Do you really care when you are shopping for your ipod warmer that you may never talk to the store, and their website is kind of sparse with information, or do you need more. What is your customer service experience level needs, and what do you do when you feel your expectations are not met. I welcome you all to head over to our forums, and share your experiences either with your eDirectory product, or with some other company positive or negative. I am very interested about your stories.

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