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News from EAC Small Business Development Center

Monthly Newsletter: Issue: #10

June 2012

Greetings! 

 

We hope the following content will provide current and useful information to our clients and other members of our community.  Thank you for your continued support of the SBDC.  Please contact our office for further information or assistance.

 

Thinking About Launching An Online Contest? Read This First!
by Connie Sung Moyle, Vertical Response
May 19, 2012
 

 

Win amazing prizes
It used to be that you literally had to throw
your name into a hat for a chance to win something. Now that online promotions are the norm, you have more tools than ever to create a cool, engaging contest to excite your audience and build your brand. Just recently, the VerticalResponse Next Teen Tycoon video contest came to an end and we wanted to share what we learned (some of it the hard way!).   
 

If you're thinking about launching a contest of your own, these eight tips will start you off on the right track.

 

1. Set your goals

Just like any marketing campaign, you need to establish what you want to get out of the contest before you get into anything else. Is it more Facebook fans? Traffic to your website? Press coverage? Set specific metrics you want to accomplish at the end of the contest, whether it's an X percent increase in fans or traffic, or X number of stories and articles written about the contest. Then develop your promotion, user interaction flow and follow-up based on those goals.

 

2. Know the lawsTerms & Conditions

This isn't a whole lot of fun, but the most important. There are different laws and regulations for different types of promotions (sweepstakes versus giveaways, for example), and they can vary by state, too. We strongly advise having a lawyer or legal expert review your official contest rules. Check out Social Media Examiner's great post on online promotions and the law.

Additionally, if you're using Facebook or another third-party platform to host your contest, they may have their own set of guidelines. For example, promotions on Facebook must be administered within Facebook Apps. Here are the latest Facebook Page rules, including promotions....

 

Click here to read complete article

3 Things You Should Know About Small Business
by Laurie Kulikowski, The Street
June 4, 2012

What Rieva Lesonsky learned at Small Small Business SignBusiness Week. If you thought the SBA's National Small Business Week was just a week of exposition hall freebies and fluff, small business expert Rieva Lesonsky says otherwise. In her latest Huffington Post column, she lists five takeaways from her week in D.C.

  • 1. There is money available to help small businesses grow, says the CEO of GrowBiz Media & SmallBizDaily.com. The SBA has guaranteed a record $30 billion in loans to small businesses, among other initiatives.
  • 2. Those who didn't attend missed out on some cool multitasking tools and technology that were showcased.
  • 3. More small business owners should embrace cloud technology and probably don't even realize that some of the applications they use are already cloud-based.
  • 4. Small businesses should think to expand their business abroad -- this is where the majority of future growth will be found -- even for small firms.
  • 5. Determine your brand reach, particularly as social media platforms and search engines become a large part of a small company's marketing strategy.....
  •  
    When It Comes to Business, All Communication Is Marketing
    by Jamilla Warner, Small Business Trends
    May 31, 2012

    Instead of leaving your marketing to
    Globe Communicationothers, it pays to learn the lay of the land, and then do the parts that work best for your personality - and contract the rest (because you don't have to do it all yourself).

    For the budget conscious small business owner, there are several ways to contract help. This ranges from paying high end professionals to college interns specializing in the service that you need. Truly, when it comes to getting help, where there's a will, there is a way.

    But before you start bringing people in to help with your marketing, you need a marketing plan that you understand. To develop your strategy you can do a few things.

     

    1.) Pay for professional training and their team. In order to be a good driver you have to practice. Teachers, doctors and administrative assistants acquire training. And when it's time to implementing an effective marketing strategy, it pays for you to learn from successful others. The training can save you time, money (in the long run) and confusion.

    2.) Read great marketing books. Some of us are working with a smaller training budget, so grab a great book and make it a habit. At a minimum, as the seasons change, learn something new about marketing. This habit will lead to creative ideas when you need them the most.

    3.) Wing it and watch it work. This philosophy is more effective after you have completed number one and two. Winging it without a sound marketing mind can be dangerous. But after all the training, there comes a time when you just have to jump off and fly.....

     

    AZSBDC Biz Blog The ASBDC Biz Blog launched in January 2012 with 12 contributing companies -- all with extensive backgrounds in small business. The blog is updated weekly with new articles covering topics on IT & Marketing for Small Business, Youth Entrepreneurship, Veterans in Small Business, Procurement, Financial issues and more!

     

    Click here to take a look!

    The EAC Small Business Development Center, funded by Eastern Arizona College and the Small Business Administration, is designed to promote the success of small business in the Graham and Greenlee County area, as well as the San Carlos Apache Nation.

     

    This program puts a team of experienced business professionals at your disposal - at no cost to you.  We offer one-on-one confidential counseling and training in various business-related areas such as record keeping, marketing, taxes, computer usage, business planning and more.  Take advantage of us.  We're here to help you!


    Sincerely,

     Kevin signature_white background
    Kevin Peck, Director
    EAC Small Business Development Center

    In This Issue
    Thinking About Launching An Online Contest? Read This First!
    3 Things You Should Know About Small Business
    When It Comes to Business, All Communication Is Marketing
    The AZSBDC Biz Blog
    Upcoming Events button

    Starting Your Own Business
    Thurs., June 21, 2012 

    6:00 - 8:00pm

    Cost: FREE!

    EAC AP Building, #109

    Click here to register 


    QuickBooks - The Complete Course 
    Tues-Thurs., July 24-26, 2012 

    5:30 - 9:00pm

    Cost: $129

    EAC South Campus, #5 

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    Good Reads

    Read "Likeonomics" to Learn the Power of Likeability!
    Likeonomics Book Cover
     
    Before you jump to any conclusions, Likeonomics is NOT about Facebook or clicking on "like" buttons.  Wait a minute.  Let me re-state that.  Likeonomics IS about hitting "Like" buttons - but not the Facebook kind - the emotional kind.  The kind that build relationships and get people to trust you and do business with you.  

    According to Bhargava, "Personal relationships are the only currency that matters."  Likeonomics  begins and ends with this idea.  If you're fond of saying things like "People buy from people they like", then you will want to dig into this book with gusto because you'll finally get some concrete data to support your cliché.

    Click here for more information

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    EAC Small Business Development Center 

    615 N. Stadium Ave., (Student Services Building)

    Thatcher, AZ  85552

     

    Phone: (928) 428-8590

    Fax: (928) 428-2578

    Email: sbdc@eac.edu

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