Tom Buford

Business Owners: Which news headline should you pay attention to?

I used to be a news junkie but after years of hearing nothing but
bad news I became pretty jaded to it all.

However, it is pretty tough to ignore headlines about the economy
and the upcoming election. The problem is that business owners who
are doing fine are afraid to invest in their businesses and move
forward as they should.

I poked my nose into MSN.com a few days ago and it prompted me
to share my thoughts with you.

There were two headlines that stuck out and they were right next to
each other. You may have seen them.

The first said, "Another Massive Drops for Markets." It seems the
Dow dropped another 7% and this certainly is something that you
need to pay attention to. But should you stop moving your business
forward?

You tell me. Here was the bordering headline:
"Historic pistol sells for $920,000 in Maine."

Someone just spent almost $1 million on an old gun. No other way
to look at it. I know what you are probably thinking. The rich
get richer...

But here's the deal. I bet the man who sold the gun is doing ok.
He has some disposable income to spend now that he unloaded a
family heirloom. He said he's going to invest in property in his
home state. You think a couple realtors and land owners are happy
about that? You betcha!

How about the auctioneer? They made $120,000. I bet their
employees are doing just fine despite the rotten stock market.

The fact of the matter is this one single transaction will put some
extra spending money in quite a few pockets.

You can make a choice and decide which headline you want to give
most of your attention to. But remember that the sun is always
shining somewhere.

Again, you CAN'T ignore the fact that our economy is suffering a
major "correction" if you will. But that doesn't mean that you sit
there paralyzed either. There always have been and always will be
people with money who are more than willing to spend it on services
and products that they value.

So, what can you start doing?

1. Be sure to always focus on the VALUE that you offer your
clients. The price should be an afterthought. If they truly value
what you have to offer and it serves them in a positive way then
they will pay you what you are worth.

2. Make sure that your market understands what they LOSE by not
engaging with you. What might their life be like 3 months from now
if they work with you? Now, what will their life be like 3 months from
now if they don't work with you?

Will they be sitting in the exact same spot they are now? If
you're talking to them then they are interested in change. It's
your obligation to remind them of the value that you bring and
where they will be if they DON'T work with you.

In summary:

**Set a price or fee that makes YOU happy.
**Make sure that you over deliver the value.
**Remind your prospects of the value that you provide and what they
**Lose by not working with you.

Now go out and take care of business!

Cheers and Success

Tom Buford
http://chargewhatyoudeserve.com
Providing fee-setting and marketing strategies so that business owners can begin charging what they deserve.

Views: 0

Tags: Brand, Business, Ideas, Internet, Marketing, Plans, Services, Small, Strategies, atlanta, More…business, charge what you deserve, coach, coaching, consultant, entrepreneurs, ga, marketing, owned, small, success, tom Buford, woman, women

Comment

You need to be a member of FindVirtual.com to add comments!

Join FindVirtual.com

Tom Buford Comment by Tom Buford on October 31, 2008 at 12:43pm
Jason
Sorry to just get back. Two words...YOU ROCK. Thanks a million.

Have a great spooky Halloween weekend
Tom
Jason Murphy Comment by Jason Murphy on October 29, 2008 at 8:01pm
Tom, I submitted this to DIGG and dug it for you.
jm
Sue L Canfield Comment by Sue L Canfield on October 29, 2008 at 4:11pm
I'm finding that more people are interested in my services because they are looking for ways to promote themselves in this economy. I offer valuable services at affordable rates and everyone's happy. There's nothing positive that comes from dwelling on negative headlines. We need to focus on the positive.

People who understand that the downturn in the market is their opportunity to stand out are the ones that turn to us for help now. Those are the people I'm focusing on. Those who want something for only a buck are being turned away. In fact, I had to turn away a prospect today because they're looking for someone to practically give away their services. I just won't work with people who can't see the value we give them.
Deb Lamb Comment by Deb Lamb on October 29, 2008 at 4:04pm
Hi Tom, great post! I really believe with the state of our currently economy could be a positive for all of us VA's and business owners. I think that people will start thinking and probably already have been thinking on ways to save money. So why not turn to a VA? Now is the time to do that and I think our businesses will increase with what is happening in the world. They have to know how much money it could and will save them in the long run! So, I'm thinking positively on this and expecting an increase in my business and my clients! Thanks for the post, great job!
Deb :)
Kelly Harris Comment by Kelly Harris on October 29, 2008 at 4:02pm
Excellent post Tom! I love how you tied that all together. Too many times we read the headlines without thinking deeper. I like your interpretation much better than my local news network, that is for sure.

:) Kel

© 2012   Created by Jason Murphy.

Badges  |  Report an Issue  |  Terms of Service