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7 Trends for your Green Business

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As we move into the close of the season, now's a great time for green businesswomen to pause and reflect upon your last year of business.

What went well?
What went poorly?

What can you change?
What do you want to keep the same?

What "numbers" do you want to measure starting in Q1 2012?

 

As we do our long-term planning, here are some top trends that will be important to consider.

 

1) The Growth of Mobile Devices - If your business has a mobile plan, congratulations! If not, consider ways to reach out to the growing base of users who are accessing your website only from their mobile device.

 

2) Daily Deals/Geo-tagging/Checking in - With the advent of FourSquare, SquareSpace, Facebook location tagging, and Google mapping of Places, your brick-and-mortar business can benefit from an "in-person" check in.

 

3) Digital payments - Companies like Dwolla.com are encouraging person-to-person payments. You can checkout at Starbucks using your iPhone. Consider the landscape of "digital cash" and consider implementing a "chit" or "points" or loyalty system in-store, where people can redeem your goods and services by paying through points, pre-paid credits, or some other alternative to currency.

 

4) "Free" - Customers are expecting a "free" version of your product or service. How can you fulfill this need without cutting into your margin or overextending your business? Consider what free options you can give to your customers. Add value to their initial decision to choose you. Perhaps you can upgrade them, offer additional services for free, offer a coupon upon purchase, or other community-building options.

 

5) Sustainability - Your base of customers already chooses you because you are green. Consider how to become even more "dark green" by going through the B corporation process, getting certified through Co-op America or your Green Chamber of Commerce, or identifying your own ways to improve your eco-friendliness. Publish your results on your "Sustainability Report Card."

 

6) Recommendations - Yelp reviews and personal recommendations on Twitter are becoming your currency. Actively seek out and ask for recommendations, testimonials, and reviews from your customers. Give shoppers a reason to choose you - show your community that you stand by your company and allow open discussion about your products and services.

 

7) Sharing/Social Shopping - The friend-of-a-friend and word-of-mouth effect become more powerful, as people seek validation and advice from their networks. Offer wishlists, "favorites", peer-to-peer recommendations, and invitations for your product. Offer a coupon if a customer refers another customer who makes a purchase. Make it easy to share your website content to multiple social networks.

 

We can make a difference when we are lean, focused, and confident in our abilities to reach our target market of other eco-conscious consumers. Let's get ready for 2012 together.


Six Ways to Save Your Money

Success, by quinn.anya

Seeking ideas on how to improve your personal finances? Money expert Clark Howard's "Guide to Living Large in Lean Times" is a resource filled with 250+ tips on how to stretch your money.

Here are six of his ideas on how to keep more money through making smarter choices:

1) Get your coupons in the weekend paper.
Grocery stores offer coupons in your Sunday edition newspaper. Look in the lifestyle or funnies or local section for coupons on items you know you'll purchase. Choose coupons for daily needs like pet food and groceries to bigger-budget items like shoes, electronics, and specialty goods.

2) Go to community college.
I believe education is a huge part of your success, and Howards suggests that you do receive your final degree at a "name-brand" university. However, to save on your college spending and to reduce your overall student debt, he suggests you receive the first two years of your college education at your local community college. You can get personalized attention and focus on your general education during freshman and sophomore years, then move to your desired college to graduate.

3) Move to an internet-based phone service.
Choose a provider like Ooma.com to get phone calls through the Internet. Reduce the cost of your existing phone service and get quality sound through an entirely digital service.

4) Check your ink cartridge before you throw it out.
The material in your printer ink cartridge settles to the bottom over time, so it might display as being on "empty" when it fact it's still up to 60% full. Remember to shake the entire cartridge really well, and then see if you can get some more prints off it.

5) Purchase your eyeglasses online.
The Zennioptical service offers prescription sunglasses and regular glasses online. Type in your prescription (needed from an optician first), then choose from the available frames and have your glasses shipped to you.

6) Dry off your razor blades after use.
Howard claims the razor blade gets degraded through leftover water, which starts the rusting process. In between uses, wipe the blade off and keep it dry so it lasts longer.

More ideas on how to extend usage and be smarter about your money choices? Tweet me your idea on how you save.

photo by quinn.anya


My Advice for Women - 10 More Tips

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Here are some more tips. If you like free advice, here it is.

11) Sleep.


My Advice for Women - 10 Top Tips

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1) Educate yourself.


Nine Steps To Set Up Your Green Business

My coach Rob Seidenspinner (on LinkedIn) always reminds me that all of us are creative, resourceful, and whole. If you're reading this blog, you have the makings of a green entrepreneur. Believe in your skills, talent, and knowledge --- you have an opportunity to better your own personal situation, your community, and our planet. So take the next step!

If you are considering starting up a green business, but don't know how to start, or if you have a green idea and want to implement it, we invite your participation in the GreenBizWomen.com community.

Your business is like a child: it takes nurturing, planning, and ongoing maintenance. It takes preparation, hard work, and reaching out to others to help you. However, you have an opportunity for a fantastic payoff when your business grows up and starts "bringing you a plate". I won't sugarcoat it, though -- ask any businessperson and they'll tell you there are major ups and downs and the work can and will take a toll on you and your family.

In my experience I've found that the people who work smarter (not harder) and who fully commit to the business are the ones who find a way to make their business work for them.

Step 1) Figure out your priorities.
Do you want more time with your family? Do you want to set up a passive income stream on the side? Do you want to join someone else's work or do you want to start your own project?

When you figure out your priorities for what you want, you can then set up some goals and understand your "benchmarks" for success. I recommend you go into business if you have A) the courage to succeed, B) the tenacity to make your business work, C) the desire to make a green difference in the world.

Step 2) What's your timeline?
What kind of timeline are you considering? You can set up an online affiliate program in as little as a few days, but if you're building a new business, product line, or service, you're looking at a goal three to five years down the road.

How much time do you have available and what are you willing to put in to your business? The answers to those questions give you an indication of your expected timeframe.

Step 3) What's your startup budget?
Going into business requires capital. This may come as a startup loan from friends or family, it may require you dipping into your savings, or it might mean you increase your tolerance for credit card debt.

If you are going into business for yourself, figure out how much you can realistically afford to support the business. Note that the road to profitability takes time, and even your best scenarios will require paying customers for you to make your business work for you and eventually pay you back and pay you a salary.

Step 4) What's your plan?
I'm not a big fan of "analysis paralysis" but you will need a plan to help you to organize your thinking.

Do at least a two-page draft of your big idea, whittled down into basic items such as:

a) the need --- what is the burning need that your product or service fills?

b) the market -- who is going to buy your product or service? Specify, specify, specify.

c) price points -- how much do you need to sell to break even (pay all your expenses?) how much do you need to sell to make a profit (pay all your expenses and have some left over?)

d) distribution - how will you get your product or service into the hands of your customers? is you going after your local market, a national market, or the international marketplace? who will help you promote and market your business?

Step 5) Get started with your checklist of what you need.
You'll need a product, a service, advisors/partners/supporters, a marketing plan, business cards, and a website or blog to start getting the word out.

Step 6) Fine-tune your mission statement.
Why are you doing what you do? Why will a customer choose you over all your competition? What is your niche offering that you do well, or the specific need for which your company has the best solution? When you identify your business in 7 seconds, you've nailed your mission statement.

For example: "My focus as a web developer is in creating websites that build community and foster a feeling of connectedness - we are committed to the success of women entrepreneurs, progressive organizations, membership groups, and fair trade, organic, holistic, sustainable, and green businesses. Our specialty is highly functional Drupal and custom Content Management System websites."

Step 7) Develop your keywords list.
I see this step as being essential to identifying your market. What top twelve words and phrases explain your company, your business philosophy, and your offerings?

This keyword list will drive your language when you talk, write, and blog about the company, and it will drive your focus when you reach out to potential and current customers.

Step 8) Get customers.
No business exists without customers, clients, users, and people who contribute to your bottom line. I'm sure you've read how megastartups like YouTube continue to lose between $250 to $500 million dollars a year, which might be fine for a large corporation like Google to absorb as part of their market research, but this series assumes that you are actually in business to make money (if not, I invite you to stop reading and go browse around the other fantastic posts on TheGreenGirls.com!)

You find customers online and in person. If you are predominantly online, develop a website and a social networking presence. If you are predominantly local, develop business cards, a 30-second elevator pitch, and start meeting people in your community.

What does your customer need? What pain does your service help lessen? Does your customer want to be entertained? What solution does your product offer? Figure out what your customer needs and understand how you will deliver value through fulfilling those needs.

Step 9) Get a website developed.
Of course, as a website developer, this is my strong bias, but my belief is that with an effective, functional, content management system-based website, you get exceptional results.

Through my company, we've had enough experience with non-professional looking templates, websites that your cousin's brother's classmate created, and websites that are hard-coded so that you can't make an update to it. Believe me, whatever you start out with, you'll eventually need to upgrade, so you may as well do it right the first time:

a) Get a content management system (a custom CMS, Drupal, Joomla!, and Wordpress are terms you'll hear more and more frequently).

b) Consider the main five pages you want to put online -- Home, About, Products and Services, Mission/Vision/Values, Contact --- as well as any additional pages.

c) Hire an effective web producer that you trust and who will still be around in a few years. Get a design and an installation done within your budget. Shop around for rate quotes and go with a team that feels right to you.

d) Content, content, content. It's much more important to fill your website with engaging and search-engine friendly page content about your business, about your industry, about trends and policies, about what you offer, and about you and your team. These are the items that personalize your company and make it easier to find when someone does a search on your keywords.

e) Analyze your data. How many people are visiting? What can you offer to get more people to come into your web pipeline? Consider creating a free resource and offering it to people who join your mailing list. Consider offering coupon codes to every 100 Twitter followers. Reach out: there are many ways to build your community of clients online.

Do you need more tips? We offer plenty of resources on this website as well as personalized Green Business Consulting: more info



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