Self Employed Success

US postage and stamp prices will increase as of May 12. Many self-employed people are feeling the pinch, especially those who use the mail for direct-marketing purposes or to send products to customers.

Here are some tips for dealing with the US postage and stamp increase:

1. Buy the “Forever” Stamp. As the USPS says, “The stamp will be good for mailing one-ounce First-Class letters anytime in the future — regardless of price changes.” So if you buy it before May 12, it will cost you $0.41, and you will be able to use it to mail letters forever. If you have a hard time getting them at your local post office, purchase them online at www.usps.com

2. Consider converting your books and audio programs to downloadable e-products (PDF files for ebooks, MP3 files for audio programs). With the US postage and stamp price increase, your shipping costs will increase also, and you’ll have to decide whether you’ll pass those shipping costs on to your customers. (If you use UPS or FedEx you’ll see their rates increase as well, as gasoline prices soar in the USA.) With downloadable products, you save on shipping, you save on production costs, you save on fulfillment costs, and you give your customers instant gratification.

3. Ask the clerk at the post office counter for other options when shipping. Sometimes Media Mail will get to your destination in approximately the same time (depends on the destination) and for lots less money.

4. Use the Priority Mail Flat Rate boxes for shipping items. These all-you-can-fit-in-it boxes are a fixed cost, and may be less expensive than sending something weighed Priority Mail.

5. Pay your bills online instead of sending checks.

6. Send correspondence to customers, including agreements and contracts, via fax or email. For instance, I send coaching and consulting contracts to clients in PDF format via email, they sign it, and fax it back to me. No postage on either side of the equation.

While this US postage stamp increase won’t affect everyone, for those who use the mails regularly, it will be a growing business expense. Best to think ahead, because the US Postal Service says that prices will probably increase each year from now on.

Click here for further information on all the US postage and stamp increases schedule for May 12.

I thought you’d enjoy this great article, 13 Tips for Effective Email Marketing from MarketingVOX. You’ll also appreciate some other, lesser known email marketing tips from them as well.

In nearly every business book I read and from the lips of nearly every business guru I listen to is the premise that you have to grow your business. Grow, grow, grow — think big — and you’ll feel successful. More products, more services, more revenue — and you’ll be happy. Bigger is better, right?

Here’s a secret that I’m going to start shouting from the rooftops: there’s no shame in declaring that you want to keep your business small. This push for growing our business to the next level (whatever that means) might not be the right thing for many of us.

I’m not talking about people who remain small because they’re scared, or because they don’t have the skills or financing to grow big. I’m talking about the people who choose to keep their business small because, after careful analysis, it’s what they really want. There’s an unspoken taboo about saying, “I want my business to remain small,” and I want to halt that taboo.

Read the full article.

Kauffman Firm Survey (KFS) follows nearly 5,000 businesses founded in 2004 and tracks them over their early years of operation. Here are some interesting results:

• More than a third of businesses (37 percent) had no revenue in their first year of operation while about 17 percent of businesses had profits in excess of $100,000.

• Just under 9 percent of firms closed in one year and the survival rates vary by owner demographics.

• Nearly 60 percent of the businesses had no employees in their first year while very few businesses (less than 4 percent) had more than 10 employees.

To learn more about the results of this survey, visit: http://www.kauffman.org/item.cfm?item=1021

Wow, you are going to kill me, but I have to say it:

It doesn’t matter how good your website is, if people don’t come back often. Your website gets them interested; your ongoing relationship with them gets them to buy.

The real key to e-commerce is building a mailing list of people who are interested in the topics you write, speak and teach about. On a good day, you might get 10 percent of your website visitors to buy. But what about the other 90 percent? Are you just going to ignore them and their needs?

The internet is a distracting place and a visitor may only come to your website once. A mailing list member can be told about new articles, new offerings and new resources on your site each month, thereby increasing your traffic and your sales.

I’m not talking about creating huge lists of people who will remove themselves as soon as they get your freebie. What’s the point in that? I’m talking about a sustainable list of people who like the products and services you offer, who have an ongoing relationship with you, and are likely to purchase from you again and again.

I can think of 20 or 30 different things you can do to grow your mailing list. Let’s look at the 10 techniques I like to use.