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New Listings:
· Premier Independent Men's and Women's Clothing Store....Contemporary Designs, 29+ Year Profitable Operating History, Real Estate can be Purchased or Leased, Owners Retiring
· CPA Practice...South Metro Area, $400K Gross, Owner Retiring after 25 Years
· CPA Practice...Denver, $200K Gross, Owner Retiring
Contact Touchstone for more information!
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Build Online Relationships with Your Customers
In the 1990s, the Internet consisted mainly of banners and brochures. Now, it is dominated by social networks, which enable a much richer two-way interaction. Yet, most businesses lose vast amounts of potential online business. For example, out of 100 visitors to most websites, on average only about 1 - 2 visitors return a second time. However, 97% of consumers use online searches when researching products or services. If a business could change the return rate and increase the number of return visitors to 20% or even 50%, what impact would that have on their business?
In order for a business to increase the return rate, an understanding of both the psychology and technology of Influence Engine marketing, is required. This article will introduce the psychology associated with being online, provide a brief overview of Influence Engine technology, and illustrate a way to build relationships online with your leads, prospects, and customers, provide value to them, and earn their trust so you can conduct business with them.
Only 14% of Internet users trust online ads, yet 78% of online consumers trust peer recommendations ... so it is a good idea to establish relevant online relationships. The new "Word of Mouth" is associated with online social media sites like Facebook, Twitter, and Youtube along with the various online directories like Google Places, Yelp, TripAdvisor, CitySearch, Yahoo! Local, and many more. Universal Business Listing indicates there are close to 150 online directories for various interests and niches. Facebook and Twitter have over 700 Million users combined. The fastest growing demographic among Facebook users is 35 to 65 year old women. These members seek, and make, recommendations for products and services, from friends and followers. They also share their experiences ... the good, the bad, and the ugly ... that they have with products and services.
Youtube is the world's second largest search engine. Youtube gets more than 300 Million visitors a month who watch more than 2 Billion videos. People go to Youtube searching for videos to answer their questions, show them how to do something, or review a product or business. There are more than 200 Million blogs. People are more likely to visit blogs that align with their interests because blogs are generally non-selling environments. Whether you believe it or not, the facts presented above indicate your leads, your prospects, and your customers are using social media. 91% of Americans have mobile phones. More than 20% of them have phones with Internet capability. More than 152 Billion mobile text messages are sent each month. Be sure and read an article previously published in this newsletter about how advanced generation email systems are becoming multi-channel, mobile marketing systems for your business. The quickest way to start mobile marketing is to follow-up with mobile text messages since 90% of text messages are read within one minute of receipt.
Are you still spending money on Yellow Page ads or newspaper inserts? Why are the Yellow Pages like Nursing Homes? They are shockingly expensive and few people under 70 use them. So, if you are still spending money on old-school media, why are you doing this? According to Yahoo! more than 92% of all business searchers start looking online for goods and services while they are still at home or on their mobile phones enroute to make a purchase. Online is where your leads, prospects, and customers are searching to find businesses, merchants, vendors, and suppliers that they can trust in order to buy products, or services, and get their problems solved.
Marketing online is not an option anymore. It is a mandatory for most businesses, and a high priority, requirement since research points out that 8 out of 10 consumers will research or visit an online store and that 60% of those will end up making a purchase. It is clear that a key part of the psychology of being online is to have a presence in all of the key online locations, have good and relevant online relationships, and provide plenty of valuable information about your product or service.
Influence Engine technology spans the search engines, the social media networks, web 2.0 sites, social bookmarking sites, and the content sites such as blogs, article directories, podcast directories, and video directories (where Youtube is just one of 50 video directories) as well as syndication capabilities and tools. It is important to use the key online social networks to build relationships with individuals, businesses, and your customers. In order to do so, you need to provide them important facts, tips, and news on subjects where they have an interest and value this information as part of making buying decisions.
How do you continue the relationship building process once potential customers are on your web site? Give away tons of information and not just any information ... but your very best information. Yes, give away your best information or content. Over time, and often, drip your material in pieces and always for FREE using an autoresponding multi-channel mobile marketing system. It sounds counter-productive at first. After all, how can your business thrive if you are handing out your most valuable content and not getting a penny in return? It is an extremely important question - one that plays directly into the psychology of Influence Engine marketing. By giving away your best content, you immediately reinforce your creditability as an expert, while also proving yourself to be knowledgeable, likeable, worthy of your customer's respect, and eventually, of their trust.
Handing out great free content allows potential customers to "sample" you, and your brand, risk-free. After experiencing the value of your free content, they then assume that your purchased content, services and products must be really exceptional. Once that trust is established, you can often convert potential customers into repeat paying customers without even having to "sell" them on your products and services. That trust-based relationship may also make it easier for you to charge higher prices, since your free content has so effectively established your customer's trust in you and your brand.
This approach allows you to improve your online visibility, interact with prospects and customers, and build trust with them. By strategically distributing valuable information and guidance, you increase your authority and set your business apart from competitiors. Plus, having video content is very important. It is the single most effective media for creating a connection between two remote individuals or entities. When potential customers see you in a video discussing your field of expertise or demonstrating your skills, they easily begin the process of getting to know and like you. After a video is prepared, you can have the audio transcribed (quickly and inexpensively) into an article that is posted on a blog and syndicated to the more than 100 article directories, social media sites and networks. This type of activity, publish once and syndicate to many sites, is very powerful strategy in that it impacts, in a positive way, the psychology of the online consumer.
Having ubiquitous online content, meaning publish once and syndicate to many sites, immediately builds your creditability. Learning how to propagate or syndicate your content across multiple Influence Engines will help build your creditability with potential customers who did not previously know you or your brand. Establishing creditability is essential since potential customers need to believe you are the real thing and they need to be willing to spend time on your site. Following this approach you can establish visibility in major online locations, generate traffic from multiple new online high authority sites (which leads to greater search engine results), enhance your online reputation, credibility, and relationships with many more qualified prospects.
Here is one final point about posting lots of your best content for FREE to your online sites. Since we are living in a relationship, relevancy, and reputation economy ... we learn very quickly that our business presence online is not a one-time put up a website activity. It is a good idea to have access to a capability that provides a diagnostic report, on a monthly basis, that is like an x-ray of your business presence in the online world. The findings in the diagnostic report can be used to understand how you are viewed by the search engines, the social media sites, and the online directories; how to improve the influence you have online; and what you can do to monitor and manage your online reputation.
Influence Engine rankings, Social Media buzz, and Online Directory presence, with good reviews to build your online reputation, are examples of the new Word of Mouth for the Internet world. Relationship and Reputation Management are new types of extremely valuable services for businesses in an increasingly online world. If you spend effort to get your business found and expand its presence on the web (through video and article content in online directories and in social media sites), but there is no buzz, or if nobody is talking about your products, your services, or your business, you have to analyze and determine how effective your marketing efforts are? Marketing online is no longer just about having a website where people come to find your business. It is about going to online locations where your target market is hanging out searching for items to buy, learning how to do something, and reading product, service, and company reviews. Marketing online is about connecting with your target market at these online locations and offering them items of value (articles, videos, or product information) in order to actively capture them as leads.
Having a great Page Ranking on Google and in other search engines, is important, but you also need to be present at sites where your leads, prospects, and customers spend their time. And it is more than set it and forget it; you need to stay fresh! The Internet, search engines, social media sites, and online directories are like a big grocery store. There is a sell by date on every message ... and it is today! If you are not delivering something new on a regular basis, other messages are going to replace your message on the shelves.
Once you get found, engage with your prospects on their terms. Get your prospects to follow you on Twitter, friend you on Facebook, and subscribe to your Youtube channel. You can then start offering your prospects and customers more insightful information, expert perspective, recommendations, news, coupons, and membership priviledges. Build relationships, earn their trust, and earn their business. Follow-up, continue to engage, and follow-up some more. Continue to provide valuable information ... respond to their comments and questions. It costs 6 to 7 times less to get a prospect, or existing customer, on your leads list to buy from you than it costs to get a new customer to buy from you. So, get out there, get found, engage, and follow-up!
The good news is that there is still time to get a presence on the Interent before it is too late. So I invite you to have an Influence Engine Diagnostic Service report prepared for your business and to use the service to improve your online reputation. Influence Engine Diagnostic Services are new. Make a commitment today to improve the return rate of visitors to your site and to increase your sales as a result of the pervasive and positive online presence of your business. Utilize an Influence Engine Diagnostic Service to transform your business into your own success story.
For more information contact Mike Farrell with aspenIbiz Marketing Group. He can be reached at 303-888-4490 or aspenIbiz@gmail.com.
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Touchstone Business Listings: Grand Lake Interior Design and Home Decor Retail Store - Gross $550,000, Asking Price $75,000 + Inventory - Prime Boardwalk Real Estate available for $300,000 Operating for over 10 years, this business is well-known among Grand Lake and mountain area homeowners, many of which have vacation homes, which tend to have higher turnover rates. That creates steady demand for remodel, interior design and home decor products. Customers choose this business for its mountain style furnishings and convenient location -- and the individual attention the store owner can offer. The business has strong relationships with suppliers and many great reference customers. The business is being offered with the real estate, a 1,080 sf condo on the boardwalk in downtown Grand Lake, CO. The owner would consider leasing the real estate as well. This is a great opportunity for an individual interior designer or Metro area firm to gain a footprint in the mountain market.
Colorado Springs CPA Practice 
Manufacturing (MRP) Software Company - Diversified Customer Base, Recurring Revenue Stream - 2011 EBITDA $210,000+, Purchaser to Submit Offer/Terms Provider of Manufacturing Resource Planning (MRP) Software. Relocatable anywhere, the Company is currently based in the MidWest region of the United States. 2011 EBITDA of $210,000+, with revenue predominantly coming from annual license fees; and additional revenue from software sales, training and installation. Software is in use by customers with revenue ranging from $1M to $50M+ without geographic or vertical market concentration in the United States, Canada, Mexico and Europe. Distinguished from competition by low cost; unlimited seats and support; and proprietary software code that is stable and that has potential to be migrated to SaaS or other platforms.
"Green Tech" Solar and Roofing Company 
Home Automation/Electronics Design & Installation - Turn-Around Opportunity -- Owner Financing - Gross $1,500,000, Purchaser to Submit Offer/Terms The company is a globally recognized custom digital electronics and control / systems integrator firm specializing in high- performance commercial board rooms, media projection systems, media rooms, lighting/climate control, communications, security, environmental/energy management, pre-wire and automation control systems for both residential and commercial applications. With a 23-year history, in addition to its stability/longevity, the company's strengths are its extensive scope of services, highly trained/certified staff, extensive customer base, impressive design studio and reputation as a leading design/integrator.
Financial Services Industry Training/Research Company - Extensive Growth and Expansion Opportunities - Gross $480,000, Cash Flow $300,000, Purchaser to Submit Offer/Terms This company was founded with the mission to assist financial institutions develop a sustainable competitive advantage through service quality delivery and sales effectiveness. The firm specializes in research, training and consulting solutions that improve bottom-line sales and service quality results. The firm's products include a proven and proprietary process for inculcating cultural change, service quality research via customer interviews, on-site mystery shopping and web-based surveys, a comprehensive library of basic and advanced sales, service and leadership training programs, training needs assessment process, leadership skills inventory and incentive compensation consulting. Founded in 1995, the firm has a 15 year track record of producing results for financial institutions throughout North America. Local Metal Fabrication Die Casting Manufacturer - Possible Business/RE Fold-in with Existing Machine Shop - Gross $250,000, Cash Flow $50,000, Asking Price $100,000
The company is a Denver-based die caster, who manufactures zinc and aluminum components. Castings are small (less than 2 lbs.) and are typically produced in short run quantities of less than 1,000 per order. Customers are primarily local. In over 60 years of existence, the Company has built a strong local reputation for quality service. The Company operates from a wholly-owned production and warehouse facility which is available in addition to the purchase price. This is an opportunity for a synergistic acquirer to add additional capabilities; a strategic combination with a firm already in the die casting or a related machine shop industry; or, an individual to acquire a small family-run business with a 63+ year operating history.
Full-Service HVAC Contractor - Possible Fold-in with Existing HVAC or Related Business
- Gross $1,800,000, Cash Flow $250,000, Asking Price $450,000 Full-service, very profitable HVAC Company with increasing year-over-year sales. The company serves the Colorado front-range area. With high regard for their professionalism and competitive prices, the company serves commercial, residential new construction and repair/service. The company is easily relocatable or merged with an existing HVAC or related business.
Neighborhood Restaurant - Great Opportunity for Chef/Operator, 2010 Sales up 4% - Gross $780,000, Cash Flow $100,000, Asking Price $300,000
Established neighborhood restaurant/bar located in renovated historic building in NE metro Denver area. Cozy layout with seating for 60 +/-, open for dinner only, catering service that may be expanded. Excellent food, award-winning recognition, full liquor license in place. Opened in 1997, current concept of fine dining with a family atmosphere is a successful stand alone model or could potentially be replicated in multiple locations. Loyal customer base is comprised of urban professionals and families from the greater Denver metro area and from surrounding suburbs. Low rent, clean books, sales have held-up well through this economic cycle. Perfect opportunity for young or established Chef with energy to take over a successful restaurant and add their touch.
Taos Greeting Cards, Gallery, Chocolate and Gift Shop - Central Location, Repeat Customers, Expand Online - Gross $150,000, Cash Flow $52,000, Asking Price $149,000
Popular upscale card, art, chocolate and gift shop located adjacent to the premier shopping plaza in Taos, NM. The business specializes in unique greeting cards of their own design and from small card companies across North America and Europe. They offer unique gifts and original art work by local artists and from around the world, as well as hand-made chocolates from NM chocolatiers. The business serves repeat regional clientele, as well as tourists visiting the Santa Fe and Taos art scene from around the world. Since its inception in 2002, the business set out to establish its retail store as the premier boutique for cards, local artisan works, chocolate creations and regional gift items in Taos. The company differentiated itself from the competition by creating their own line of greeting cards and unique product mix. Their upscale and unique mix of products give the store the feel of a sophisticated boutique. The business prime high traffic location, word of mouth and a stellar reputation, has enabled establishment of the store s brand. Growth potential exists in existing business model, as well expansion of pottery, spirituality/new age and local artist offerings and expansion of online sales. Unique Floral, Gift and Home Decor Retail Store - Great Upscale Location, Repeat Customers - Gross $190,000, Cash Flow $20,000, Make Offer
Popular upscale flower, gift basket/gifts and home decor shop located in an upscale retail shopping area of Denver. It has some of the city's most prestigious individuals and corporations as its clients. Since its inception in 2004, The business set out to establish its shop as the premier boutique for flower arrangements, gift baskets and gift/decor items in Denver. The company differentiated itself from the competition by using unusual flowers and offering sophisticated arrangements that were artistic and tasteful. Their upscale and unique gift offerings have established the feel of a sophisticated boutique. Word of mouth, participation in an exclusive wire service and a stellar reputation, has enabled them to establish their brand. Growth potential exists in existing business model, as well expansion of wedding and event business. Contact Touchstone for more information or to discuss your business acquisition goals!
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USE TWITTER TO EXPAND YOUR BRAND!
Twitter is a "micro-blogging" platform that allows you to send short, 140-character updates to your "followers," as well as receive "tweets" from the people you choose to follow. The service can help you establish a personal or professional brand, get or distribute news super fast, follow the thoughts of experts, share your expertise and advice with those who are interested in your ideas, and grow your network through new interactions.
Building a network and strengthening relationships are critical to any business to develop and maintain a consistent presence in front of potential clients, and build your reputation as part of your overall marketing strategy. Twitter's architecture makes it a very public and short-form medium, so it makes sense that this social network has been more slowly adopted by many businesses. It is, however, a powerful business tool to assist on two fronts: expanding your network and developing an outstanding reputation.
Here are three ways to begin using Twitter:
1. Dive In & Start Following
You don't need to actively tweet to generate value from having a Twitter account. It's easy to set up an account on Twitter and simply begin following people. One of the biggest benefits of Twitter is that updates get deployed in real-time, sometimes just seconds after news is announced or an event takes place. For any Tweeters you find interesting, simply hit the "Follow" button and their tweets will be added to your news feed, the stream of content which is tailored to your interests based on who you decide to follow. If you want suggestions on who you should follow, click on the aptly named "Who to Follow" link in the top navigation of your Twitter account. Or, use the search bar to find people who tweet on subjects that interests you.
2. If You're Timid, Retweet
Tweeting your own tweets can feel foreign or intimidating for Twitter rookies. To ease in to Twitter, try "retweeting" (often abbreviated as "RT") any interesting tweets you come across. Retweeting helps to disseminate ideas and information to your followers, allowing you to ride on the coattails for the time being of the more advanced users you follow. It helps you to begin building up your public profile feed with interesting content too. The benefits of retweeting aren't one-way though. The person who you retweeted will appreciate that you helped to amplify their message across the network, and may even thank you for the retweet. Retweeting helps you get noticed by these experts, and is a great way to easily engage with other Tweeters, even if you're too shy to put your own words, wit, and wisdom out there yet.
3. The Bold Reply
Feeling confident with Twitter now that you've mastered Following and Retweeting? Replying to tweets with your own perspective and insight is the best way to interact with the people you find interesting, make connections that begin building valuable relationships, and lay the groundwork for your own thought-leadership and personal branding on Twitter. To start, if you agree or disagree with a particular tweet, hit Reply and formulate a response. The original Tweeter will most likely read your Reply, and may even respond to begin a conversation with you or retweet your reply. The only thing you have to do now? Master writing it all in 140 characters or fewer.
Follow us at: @Touchstonebiz
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Business Valuation: It's not just the numbers!
When Buyers and Sellers request an opinion of value, we rely upon financial information. But often non-financial information is just as important in determining the value of a business. Many of the real value drivers do not appear on the Financial Statement, so it is critically important for everyone to take into account and fully understand the company's operations.
People:
How reliant is the business upon the owner's skills, experience, and relationships? Are these transferable or does the goodwill walk out the door with the owner? And, are there key staff who it would be difficult to replace, or whose loss would damage sales and
profits?
Products and Services: How vulnerable are these to economic changes or legislative changes? Are they exclusive or is there strong competition out there? Are there any supply contacts or customer contracts in place to ensure profitability going forward?
Premises/Facilities:
Is there a sound lease in place if the business premises are leased? If so, is the rent reasonable (market) and when is it due for review? Are the premises adequate if you are contemplating growth? If they are not, a long lease may be a disadvantage. Apart from the rent, what other obligations does the tenant have - rates, insurances, repairs, refurbishment? What is the state of the leasehold improvements? Is there an opportunity to purchase the real estate?
Marketing:
What marketing strategies do they employ? Internet, social media, print ads, direct mail, database marketing, and PR activities - and what are the opportunities for improvement? Is the business clear on its target market and getting its best "bang for the bucks".
Plant and Equipment: Are the furniture, fixtures and equipment in good repair or likely to require replacing, upgrading, or repair in the near future? Is technology impacting machinery requirements for the industry? For some industries repairs and maintenance can be a major cost and an unwelcome surprise if it has been deferred.
Intangibles:
These can comprise a significant portion of the value of businesses we sell. They are non-physical items (some we mentioned above) that are important to the generation of income and provide a core competitive advantage. Some can be transferred legally (e.g. patents, trademarks, franchises, leases, customer databases, supply contracts etc.) but some may not, such as reputation of the owner, a trained workforce, and long-term relationships may be key profit drivers but not easily passed on.
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Touchstone Email Newsletter
From time to time, Touchstone has new business listings, changes to existing listings or important new developments, which are first previewed to those valued clients, who have previously expressed an interest in a business acquisition or sale. If you have a business associate who would be interested in hearing about our services, listings and /or receiving our articles, please forward this newsletter and they will be able to sign-up for future notices. You can also keep abreast of these changes and download NDA forms and business profiles on our website: www.touchstonebiz.comTouchstone Business Advisors is a boutique business brokerage advisory firm focused on serving the needs of business buyers and sellers. Our firm is committed to providing individuals and companies with high quality business acquisition, business transition, and advisory services. We provide clients with personal attention from start to finish and are entirely focused on achieving our client's objectives. For more information please contact Charles Spickert, Rich Bevelhimer or Thomas Lang.
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