Forrester Says Tech Recession Is Over: Increased spending on hardware and software will put an end to the IT downturn in 2010, analyst firm says.U.S. and global spending on IT hardware and software will bounce back strongly in 2010, market watcher Forrester said Tuesday.The research firm is calling for tech spending in the U.S. to grow 6.6% this year, to $568 billion, after being down 8.2% in 2009. Worldwide spending will jump 8.1% to more than $1.6 trillion, following a decline of 8.9% last year..
“All the pieces are in place for a 2010 tech spending rebound. In the U.S., the tech recovery will be much stronger than the overall economic recovery, with technology spending growing at more than twice the rate of gross domestic product this year,” said Bartels. READ FULL ARTICLE HERE: IT Hardware 2010
The 2010 New Year Checklist for Your Business
Every year here at VerticalResponse I make it a point to come up with a list of 10 things you need to be thinking about in the new year. They may be related to marketing, or running your business overall, and they’re usually something I relate to things I have to do in my own business.
1. Use “Cause Marketing” – This is the year that you should identify your business with a worthy cause and either donate a percentage of profits to it or contribute to it in some way. And if profits or hard cash don’t fit, consider donating employee time. Then in your email marketing campaigns, your marketing materials and sales pitches you should talk about what you’re doing and why it’s important to you. Your prospects and customers increasingly want to do business with a business that cares and has moral obligations, and they’re looking for you to let them know how you fit the bill.
2. Use Social Media with Email Marketing – Finally get your act together with social media this year. Start with Twitter and Facebook, it’s easy. Then set your goals on how many Twitter followers your business will get or how many Facebook fans you’ll attract. Make sure you tell your email marketing recipients to follow you when you send out a campaign. And don’t forget to post your links to your email campaigns in your Twitter account and Facebook pages and ask people to join your email list. All of these marketing vehicles work really well together and feed off of each other.
3. Nail Your Email Marketing – Your customers are your lifeblood in these economic times so make sure you put as much care as possible into how you communicate to them. One small yet important thing we all tend to overlook is the subject line, which is the most important part of your email. Whether you think about your subject line as the first order of business, or you write your email then come up with the subject line, take a moment and make sure it’s the right one. Here’s an idea the day before you send your campaign, take a small number of email recipients and split the list in two. Then send two different subject lines. If there is a clear winner, meaning one that has more clicks and opens, choose that one to roll out to your entire list the next day. If there isn’t a clear winner, then choose what your gut tells you to choose.
Test a different format or a different day to send your email campaign. Squeezing an extra few opens, clicks and sales can make a huge difference for your business all throughout the year.
Send regular surveys to your customers to find out how they rate your product, your company and customer service. Find out what you can be doing better, then tell your customers how you’re changing your ways in your next email newsletter because you’ve heard their message.
4. Make This the Year of Customer Service - People talk about companies that listen to them and that treat them well so you’ll want to go above and beyond with customer service this year. This is especially true since companies like Facebook and Twitter are taking off and becoming a platform for people to tell the world how they feel…about you. This might be the year you get your customer data all in one place so it’s easy to find a customer when they call. Then log all of their issues so you have it for next time. Try BigContacts, Zoho, ACT!, and Salesforce for low-priced options. Provide Support has an option for one operator for less than $10/month for a year. Also manage your incoming and outgoing customer service emails. Palo Alto Software has a great product called Email Center Pro where you can manage your incoming and outgoing emails from one central web location and it’s free for 2 users.
5. Cut Costs – Keep cutting costs because we’re still in the economic weeds. Look at your top spending categories and see if there’s money to be saved. Is your rent too high? If you’ve got a number of years left on it you might call your landlord and ask if you can renegotiate “stepped” payments. Ask for a discount this year and tell them in the future years you’re willing to pay at bit more per square foot. If you’re spending too much on shipping, start calling other providers to see if they’re competitive. Doing things like this in January will add up for the rest of the year and help you to profitability.
6. Listen to Your Customers - Listen and watch what your customers are saying about you. Sign up for Google Alerts with your company name as a keyword, but also with your competitor’s names so you can see what is being published about them as well. Sign up for a free TweetDeck account and do the same. You’ll see what people on Twitter are saying about your company, your competition and even your industry, up-to-the minute for an unlimited number of keywords. Then chime in to the conversation and address the issue or try to get a new customer. Word to the wise: make sure you’re transparent with who you are, you don’t want to “hide” as someone else, tell them you’re with your company and you want to help out or answer any questions.
7. Find New Customers, Inexpensively - Google is where people go these days to find businesses they’re looking for. So set up or build on your Google Adwords pay-per-click efforts. If you don’t know where to start with Google try Google Basics. Get started simple, choose keywords that make sense for your business and build on it from there. To find how many searches are happening on your keywords check out the Keyword Selector Tool to find out how many searches occur for your keywords. Note: although Google is the clear market leader, other search engines like Bing are gaining a bit of market share and can be less expensive. Word to the wise: take a deep breath and be patient, success doesn’t happen overnight but when you start to gain traction you’ll see that it does work and you can build on your success from there.
8. Build Your Email List - I’ve put together this blog post called 29 Ways to Collect Email Addresses for Your Business. Live it, learn it, love it.
9. Hire People Who Care – If you’re lucky enough to be hiring for your business, this should be the year where you have an ample choice of people who need to work to choose from, so it’s your pick. Make sure you select people who have the same passion as you do, and people that fit into your business culture like a glove. Make sure you ask the questions that count; you want someone who can handle situations, someone who can communicate and someone who you trust. Don’t settle for second best, your customers will notice.
10. Embrace Word of Mouth – At VerticalResponse over 50% of the people who sign up for our service select “Word of Mouth” as the source for where they heard about our company. In 2010 you’ll really need to take a good look at what you’re doing to spur word of mouth. As noted here, customer service is important, the quality of your product or service is important and the entire customer experience is important in order for word of mouth to start. But there are other remarkable things you can do for your customers that can start them talking about you.There are some great ideas on the VerticalResponse Blog as well as Andy Sernovitz’s Word of Mouth Marketing Blog to get you started.
2010 is poised to be a great year for growing your small business. Comment with your ideas for what you’ll do to get your growth on. Read Full Article Here
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