Uncategorized | Teik Oh

Have a Great Holiday!

Dec 17 2019

To all my wonderful readers – have a happy Christmas and take some time off! You deserve it!

I’m going to be back on the 14th of January with a great post on How Strategic Planning Can Save You From Being a Gibbering Wreck!

Make sure you put the email address teik@teikoh.com on your safe list by adding me to your address book on Outlook or create a contact in Gmail so that you get this fascinating insight into long term planning in 2020!

Go, go get some downtime, then let’s get back in January, refreshed and ready to build your amazing business into the success you can be proud of!

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Why Do You Need A Business Plan?

Nov 20 2018

In my 35 year career, I have only known a handful of small business owners who have prepared a business plan.

I find this astounding.

You would not leave the house to go shopping without some sort of plan – even if only in your head – about where you are going, where you would look to park the car, what you will wear with one eye on the weather, what you will buy, and how you will pay for it. Without this, how would you know whether to turn right or left at the end of your driveway?

Yet people start their businesses and run them for several years without thinking the journey through! Even worse, some people would read my example of the shopping trip and say “I’m just like that – I have it all in my head, that’s good enough.” Really? You are going to invest thousands and years into your business and you think it’s enough to have a thought kept in your head?

If you own an emerging business, relatively new, maybe 5 or 6 years old or so, and you are finding that you work hard every day but not seeming to get anywhere – if you find that for the last few years you have tried one idea before thinking of another and switching but not getting any co-ordinated growth forwards, how’s that undocumented “thought” working for you?

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Make Sure Your Sales Prospects “Hear” You

Nov 06 2018

I was recently reminded that people take in information in different ways.

This has a critical impact on sales conversations you are having with sales prospects.

Have you ever been in a position where you have been trying to explain to a sales prospect how your service or product could really help them, laying out all the benefits in the way you should – and their eyes glaze over? If you have, you will know that sinking feeling that you are losing them, no matter how well you prepared your pitch, nor how well you got on with them and how you warmed them up at the beginning.

The fact that people have different preferences on how they receive information is crucial to whether or not they “hear” what you are telling them, so what can you do to make sure you give them information in the way they want it? Read More

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Your Pricing Strategy

Feb 06 2018

Pricing your product is not merely about whipping out a calculator.

Price is a legitimate marketing strategy.

Sure, you need to calculate your pricing so that you don’t make a loss and so that your financial objectives are met, but beyond that, you need to set your price so that it is attractive to your customers and suits the placement of your product in the market.

This week, I have a free downloadable worksheet for you to work out how your price can be a marketing strategy to attract your target market.

How does price do that?

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Identify Your Market – Why And How

Jan 23 2018

If you try to market to everyone, you market to no-one.

Your product is “just right” for a section of the overall market – they are the ones who have needs that can be met by your market. But understandably, many people fear missing out. “If I concentrate on a target focus,” they say, “What happens if someone outside that focus also wants it?”

I have a free download for you this week that can help you find your real target market.

Think of it as a game of numbers – how do you find a segment where you have the most chance of finding the customers who are ready to buy your product.

How does that work?

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Increase your sales through a highly focused marketing plan!

SMART Marketing: In this book, the owners of a small business are led through the SMART Marketing 7 Step Process to produce a marketing plan targeted at their most desirable customers. Any business can use these principles and in 4 to 6 weeks implement a plan to get them through the door! Find out how...

The SMART Marketing Workbook: Companion to “SMART Marketing”, this workbook sets out the SMART Marketing process in 7 workshops for you and your staff to complete questionnaires and templates that at the end, form the marketing plan you need to sell your REAL product to your REAL customer! View now...

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Have a Great Holiday!

Why Do You Need A Business Plan?

Make Sure Your Sales Prospects “Hear” You

Your Pricing Strategy

Identify Your Market – Why And How