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Tag: 60 Second Business tips

  • 60 Second Business Tips: Set and Achieve Your Marketing Goals

    60 Second Business Tips: Set and Achieve Your Marketing Goals

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    As an entrepreneur, you know how important marketing is to your business. But the task at hand can be overwhelming, leading to disjointed efforts.

    It doesn’t have to be that way, says business development consultant and Entrepreneur magazine writer Terry Rice. In the above video, Rice outlines the Objective First Framework to help keep you on track and deliver the desired results.

    It all starts with your objective. What is your goal for the campaign? You want be very specific with this, so maybe it’s getting leads for your newsletter. And then beyond that, you want to have a numeric value. How many leads? And lastly, a time period.

    Know your KPIs. Your key performance indicators are the metrics that you know how well you’re achieving your objective. Cost per lead would be a KPI. You want to pay as little as possible per lead.

    Bring on the tactics. This is the fun part. How do you convince your audience to take the action aligned with your objective? This is where you get to be creative with the messaging you’re putting out there and the video you’re creating. After that, execute the campaign.

    Optimization. Look at your campaigns and segmenting. See where you’re getting the lowest cost per lead, and spend as much time and energy in those segments.

    Related: 60-Second Tip on Getting More Productive

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    Entrepreneur Staff

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  • 60-Second Business Tip: Myths of Entrepreneurship

    60-Second Business Tip: Myths of Entrepreneurship

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    There is a lot of great information about entrepreneurship out there, but some ideas floating around are not completely accurate, says business development consultant and Entrepreneur magazine writer Terry Rice. In the above video, Rice breaks down three common myths about entrepreneurship.

    Myth 1: You have to follow your passion.

    Well, that sounds nice, but it’s not completely true. Instead of passion, focus on purpose. What is something that you’re good at that can help people and have a meaningful impact on your life?

    Myth 2: You should try to make as much money as possible.

    You could be happy making $60,000 a year as a solopreneur or completely miserable, making $600,000 managing a large staff. You get to decide what success means to you, not society.

    Myth 3: You need to have a unique idea.

    The truth is a lot of good ideas have already been. But your personality, experiences and character can allow you to put a unique spin on them and potentially find room for improvement.

    Related: 60-Second Tip on Getting More Productive

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    Entrepreneur Staff

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  • 3-Step Process to Stop Getting Ghosted

    3-Step Process to Stop Getting Ghosted

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    Business development consultant Terry Rice shares his tips for winning bigger deals and avoiding getting ghosted, no matter which field you’re in:

    1. Ask a potential client, “What would need to happen in order for you to be happy about our partnership?” You can rephrase that as needed to better fit your business. The overall goal is to get clarity on the outcomes they’re looking for.
    2. Once you understand their needs, ask, “Would you like to hear how I can help?” Assuming they say yes, you now have permission to pitch. The good thing is that your pitch will flow more naturally in the conversation, so it won’t feel like an abrupt pivot.
    3. Finally, ask, “What will prevent you from saying yes today?” This question allows you to uncover all their objections in real-time as opposed to going back and forth via email or just getting ghosted.

    Using this framework on your next call will give you more clarity and confidence, but remember, even as the seller, you should always be the buyer. Only work with people that respect you and you truly want to help.

    Related: How Do I Generate Leads Without Annoying People?

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    Entrepreneur Staff

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