Showing posts with label your best business asset. Show all posts
Showing posts with label your best business asset. Show all posts

19 May 2008

your best business asset

We all want success in business but are you “tooling” yourself with the right weapons to increase your success? Business tool number one is a database. Check in to see if you have the arsenal to make it in this fast paced business world.

what is a database?
Everyone you meet, every person who contacts you, existing clients, friends, family, neighbours, and business owners are all potential prospects. What you need to do is build a place to store, update and retrieve client information. This is your database and your best business asset.

how to create a database
The easiest way to start a database is to create a table in Excel or Outlook. When building your own database include the following columns:
  • First Name
  • Surname
  • Contact Number
  • Email
  • Company
  • Association i.e. Client, prospect, friend of a friend etc
  • Date of birth


There are more advanced database tools available that provide detailed reports and client information, we use www.salesforce.com. Consider these if you plan on building a big business. Keep adding to your list! Have a goal to increase your database by 10-15 % every quarter. Put together a business strategy about how you will build your database.

Whilst having a database is a “must do” in business If you want your business and income to grow, you need to use it. One of the best ways is via a regular newsletter. To really add value write a newsletter that offers education rather than a “hard sell” all the time. A good blend is 80% content and 20% marketing. “People want to buy but they don’t like being sold to”.

Successful business practice puts a focus and strategy on a growing database. Education and awareness of your services via a newsletter will increase your chances of ongoing business growth and success.