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7 Things You Can Do To Weather The Lows Of A Business Cycle

By: Denise Ryder

Article Word Count: 793 words  [Comments (0)]
Total Views: 35 Views


Hey, as hard as this may be for you to swallow, business online

is no different than a business on Main Street in your home town

or city. We have good times and we have slow times.

It is quite obvious what we do when our eBusinesses are

experiencing the high times, we are pretty pumped up and of

course very happy. When times are slow though that is a totally

different story.

Many people don't understand that we do have high's and low's

that is just a fact of business. It is what you do during the low's

that is quite a different story and below you will find some tips

which you can take and use to weather the low's:

1. Look Through Your Idea File - EVERY business owner should

implement an Idea File, I don't care if you are an affiliate for

a program, run an ad co-op, sell gift items, or offer a service...

you NEED an IDEA FILE in your life. From time to time you are

going to see something that some other business is using and you

want to try. Rip it out of the magazine, print it out, write a note

and include the web site address, do whatever it will take for

you to remember it and put it in this file. When times are slow,

go through this file and see if there is an idea from that file

that you can take and implement. If it was an eCourse then take

the time and rewrite it and get it out there pulling for you. If

it was an ad and the headline really got your attention, then

use it and get it out there.

2. READ/LEARN - Take the time out to read an eBook that you

purchased but just haven't had the chance to get to. Now is the

time for it. By reading it, it does two things for you:

1. You are learning a new concept that you can turn around and

use in your ebusiness.

2. Believe it or not and of course depending on the type of

eBook it will spark ideas for you. If you are given an example

for a specific tactic you'll be surprised at the ideas that will

coming out at you. (Psst...when they hit you, always have a pencil

with you so you can write them time immediately and add them to

your "Idea File")

3. Customer Referrals - Go to your current customers and get the

power of referrals working for you. Set up some sort of a contest

or special offer for them in exchange for them helping you. Create

that win/win - you'll be surprised at how well it will work for you.

4. Advertise - The idea during slow times is NOT to quit your

advertising. Unfortunately when times are slow that is the first

thing that we do. If you have been tracking a particular ad and

it isn't pulling then revise it and keep revising until it does pull,

but don't pull out all together.

5. Write Articles - You need to get exposure and drum up new

business, articles are certainly one of THE most cost effective

marketing tools...AND THEY WORK.

6. Joint Ventures - Find a few other eBusiness owners who target

similar markets and see if you can build an alliance and do some

sort of a joint project together.

7. Off Line Marketing - A biggie and nearly everyone lets this

slide. Use cost effective off line marketing strategies to drum

up new business. Take in a networking circle at the Chamber,

place an ad in your town newspaper, do up some flyers and

hand them out, coordinate a workshop of some kind. The

possibilities are as endless with off line marketing as they

are on line.

There you go, seven strategies that you can take a look at and

see what you can implement today that will help drum up some

new business and weather your business lows.

In all honesty, you should be using all of these tactics throughout

the year, but if for some reason you aren't, well then get cracking!!

Denise Ryder is a Marketing Coach and is owner of ProfitSpace

Newsletter, ( http://www.profitspace.com ). Hey, want to learn

how to turn a mundane sign up process into a profit-puller for

your eCourses, Reports and Newsletters? Get this free download

now ( http://www.profitspace.com/book.html)

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