Tag Archives: automation

Marketing , , , , Leave a comment

Email Marketing is Evergreen

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Still known for the impressive return on investment (ROI) it delivers to users, evidenced by its ability to deliver personalized content that’s tailored to customer preferences as well as the ability to drive conversions, including customer purchases, more effectively than just about any other marketing channel, including social media. The evergreen marketing tool that is email marketing is the gift that keeps on giving. The strategy is a multi-purpose marketing tool that business owners and marketing managers are known to rely on when the goal is to develop and nurture customer relationships and initiate engagement that promotes brand loyalty, repeat business and customer referrals.

Email marketing is expressed in more formats than may immediately come to mind—it can be more than the basic email letter that clutters an inbox and is often deleted. Email marketing also refers to blogs and newsletters that recipients opt-in to receive, plus a range of other communications intended to deliver all manner of business information, such as service or product updates or special offers and personalized greetings, from holidays to customer birthdays. Not only that, marketing emails are also a convenient and effective way to invite customer feedback that gives business owners and marketers insights into what they’d like to see more of, or less of, in your products, services and operational practices. So—how does your company use emailing to carry out your marketing strategies?

Email is a familiar and well-accepted method of communication—in fact, your customers compose and send emails themselves. To maximize the effect of email marketing campaigns, marketers are recommended to create emails that amplify the message and persuade recipients to open, read and in some instances, save your emails—but never delete without reading. Because most people receive many emails every day, the first order of business is to make your emails stand out in a crowded inbox.

To grab customer attention and entice recipients to open and read your email, attach a subject line that recipients will find irresistible. You can also decide to shock or amuse recipients by crafting a provocative or unexpected subject line that promises to deliver surprising information. Subject lines that contain a relevant statistic, whether predictable or shocking, also make particularly alluring email subject lines.

Ideally, the email subject line functions as a “hook” that causes the recipient to linger for a few brief seconds and wonder—Is reading this email worth my time? Smart marketers have discovered that they can further enhance the perceived value of their emails by including a follow-up line of preview text that can further arouse curiosity or confirm that the topic is a priority for the recipient. Below are four components that build an outline for your emails and organizes the presentation of your content in a way that helps recipients quickly understand the purpose and relevance of your information:

  1.  The subject line is crafted to grab recipient attention. The right subject line substantially improves the success of email open rates. Research shows that recipients open emails featuring a subject line perceived as relevant. Almost half of all email opens rely on that first impression.
  2. Hold your recipient’s attention with a preview text teaser that contains approximately 10 words. Subject lines matter when you want your email recipients to notice, value and read your message. The The second line preview text will appear immediately beneath the main subject line in the email inbox. Do not ignore the importance of the preview text; it is an extra hook, especially for users checking email on mobile devices (and about 50% will do exactly that).
  3. The message content should maintain the recipient’s enthusiasm. Compose your information to communicate relevance and trust as it guides the recipient through your content’s message. Be sure to compose message content to convey your marketing strategy by aligning the themes presented in your blogs, newsletters, informational and relationship building emails.
  4. CTAs are crafted to persuade email recipients to take action on an offer by responding to your call to action. The CTA literally shows readers of your content what they should do next. In return, the reader will receive a benefit, which might be a free 30-minute consultation with you or one of your team members to clarify how your products or services can provide solutions they need, or maybe an opt-in to subscribe to your blog or newsletter, or maybe to receive a free e-book. Whatever the purpose of your CTA, make the benefit that recipients will receive one that is likely to be considered worthwhile. BTW, you will grow your mailing list when there is a response to your CTA because responding entails providing contact info, at minimum, recipient name and email.

Now—in addition to the marketing emails that you currently send, what other kinds of emails might you send to communicate marketing messages that can make your marketing campaigns more effective? Below are email strategies that might enhance your marketing goals.

A/B testing

How can you learn which subject line works best with your customers? Or do certain subsets of your target audience respond differently depending on how your subject line or other aspects of your message are phrased? You can find out who’s who by sending out two variations of an email to different segments of your audience to see which performs better. By testing elements such as subject lines, email layouts and call-to-action buttons, you can continually refine your approach to improve response and results.
Test two different subject lines to see which one yields a higher open rate and/or compare the response generated by two different email layouts in terms of click-through rates.

Automated campaigns

Marketing automation ensures that your marketing emails are actually sent at your preferred time. For certain messages, notably blogs and emails, you want recipients to look forward to hearing you at a certain time (like Tuesdays at 11:00 AM Eastern!). Further, a marketing automation system will ensure, for example, that welcome emails are sent in a timely fashion to new or returning customers. You also want to guarantee that emails sent as part of customer onboarding, special occasion or holiday greetings are likewise sent within your preferred timeframe—and you don’t necessarily want to rely on your memory to manually perform these functions yourself. Instead, setting up automated marketing campaigns to ensure that you maintain a consistent communication with subscribers, nurture leadgen and customer relationships without manual effort as you reinforce the dependability and professionalism of your brand.

Drip campaigns

Drip campaigns involve sending a series of emails automatically, based on pre-determined timelines of your choosing or they are triggered by certain user actions. Have you ever searched a certain business or category and then received an email a few minutes later from the very business you searched, or from a local business within that search category? If so, you’ve experienced a drip marketing campaign. Drip marketing campaigns are excellent for encouraging leads because they respond to your immediate need or inquiry with the siren song of instant gratification.

Interactive emails

Incorporating interactive elements such as polls, surveys, or clickable content can increase user engagement. Interactive emails are more likely to captivate subscribers, encouraging them to interact with your content and brand—for a minute or two. for example, you might a three or four question survey to learn of or confirm what your customers find most appealing about your organization, or learn what they’d like to see more, or less, of to gauge customer satisfaction and preferences.

Integrating with social media

Enhance your email marketing by integrating it with your social media strategy. Encourage your email subscribers to follow you on one or more of your social media platforms, and vice versa, to create a cohesive brand experience. This strategy can expand your reach and strengthen your online presence.
Foe example, you might include in social media posts a line or two of an upcoming blog or newsletter post, as a teaser.

Re-engagement campaigns

Aimed at lapsed subscribers, that is, previously active subsrcibers who are now inactive, these campaigns are designed to recapture their interest and where possible, to also learn the cause of the disengagement. This could involve sending special offers, updates about new services and/ or products, or simply asking for feedback on why they are no longer active customers. Their responses can offer valuable insights for future improvements. Devising a concise survey email that asks open-ended questions that give lapsed customers or subscribers the opportunity to give feedback that expresses what for them what was lacking or unsatisfactory, whether content to which they subscribed, as in a newsletter or blog, or an aspect of doing business with your organization.

User-Generated Content: reviews and testimonials

Showcasing content created by your customers, for example, reviews or testimonials, can significantly enhance the credibility of your brand. When you include UGC in certain of your promotional marketing emails, that can not only engage readers, but also provide social proof that encourages them to try your products or services and as well, enhance your brand’s authenticity.

Thanks for reading,

Kim

Image: Winged Mercury special delivery stamp issued in 1954.

Business Strategy , , , , , Leave a comment

How to Scale Your B2B Services Company

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Independent and ambitious Freelancers, like other business owners, are inclined to brainstorm strategies and tactics that may have the potential to increase their company’s revenue and profit. Central to the entrepreneurial dream is building an entity that attains success as you define it and that often entails making money. But as with all business decisions, it’s necessary to determine which strategy and tactics have the greatest likelihood to reach the pot of gold. As always, the most reliable way to answer that question is to conduct comprehensive marketplace research and examine your company’s key performance indicators.

Grow, scale, or expand?

It is imperative that you recognize which KPIs point to a particular revenue and profit boosting strategy and give you the confidence to follow that solution. To earn more revenue and become more profitable, there are three options—expand, grow, or scale. Each strategy requires certain marketplace conditions and financial and other resources and carries its own kind of risk.

Expansion is a much bigger investment, especially for Freelance professionals, who typically operate a service business, work alone and deliver the service yourself. Launching your operation in a new location typically places a significant demand on financial and logistical capabilities, making growth or scaling, which both entail relatively fewer demands on resources, more accessible to Freelancers.

OK, so how can you recognize which option makes more sense for you? First, let’s know what we’re talking about. Many business owners and Freelancers misunderstand the meanings of growth and scale, so let’s take a sidebar and examine their definitions. Growth means adding more projects, new services and/or signing additional clients as the engine of your strategy to boost revenue and profit—activities that mostly entail more expenses. Scale focuses on increasing revenue and profit without significantly increasing the associated production costs. Essentially, scaling means working smarter, not just harder, and aligns well with the financial and logistical capabilities of the typical Freelance professional.

Nevertheless, scaling a business, particularly a small, service-based company, will require extensive preparation and a well-designed strategy to make it work. To evaluate the possibility of scaling your operation, you’ll dive into company KPIs and conduct an extensive financial analysis, marketplace research and strategic planning. Data-driven decision-making will yield the most trustworthy information and outcomes.

Furthermore, when contemplating your scale, or any other significant business investment, as you study the data, contact your business accountant, who is familiar with your financial situation and is positioned to be your Sherpa and guide you as you climb (scale!) the mountain. There are a couple of obvious questions that you should address before calling the accountant.

  • So, how’s business? Are clients lining up to do business with you? Are you meeting, if not exceeding, your revenue targets? How many clients are on your roster? If business is off the chain, then get your accountant on the phone and share the good news. However, if you’re merely pleased with your performance metrics, set higher goals and observe what happens during the next two or three quarters. if you surpass those metrics by an impressive margin, it may be time to call the accountant and discuss next steps.
  • Client feedback Listening to what clients observe or experience can steer your business toward success and it’s good business to invite them to give their perspective. Invite clients to share their thoughts and suggestions regarding your services. Client insights may open your eyes to add-ons, upgrades and/or new services you can provide and what they tell you could contribute substantially to your scale. Make giving feedback convenient by occasionally including surveys in marketing emails, soliciting online reviews, maintaining an active presence on social media, or making yourself available for in-person conversations. Your objective is to hear and assess what clients say about your services, company and the customer experience you provide. You can use their feedback to better understand what clients like, what you can do better and get early warnings of emerging trends and how your clients feel about what’s on the horizon. With this knowledge, you can tailor your services to meet this demand and strengthen your positioning as a go-to provider in the industry, whether or not you decide to scale.

Use data to evaluate a potential scale

Analyzing and interpreting company performance data will do more than answer the expand, grow, or scale question. KPIs will also spotlight company strengths and weaknesses, help you recognize competitive advantages and call your attention to gaps that limit progress and need fixing. With the help of your accountant, your KPI data analysis will also indicate the overhead expenses, staffing and other resources, so that a realistic budget can be developed.

Moreover, your analytics tools can build reliable data-driven sales forecasts for the proposed scale that will include the number of new clients needed, average billable hours/ hourly rate and sales revenue you must generate within a particular time frame. BTW, if you were wondering when and how to incorporate AI into business operations, evaluating a potential scale could be your motivation.

Find your money-making niche

Turn to marketplace and industry data to point you to a niche you might enter. You might also consider how you to diversify your current service line? In either scenario, consult your data projections to suggest whether client price tolerance will allow you to achieve a profit margin that covers the expense of delivering at scale. Competitive intel is also likely to be useful; for example, there may be few competitors in certain market segments because there’s no money to be made. Once you’ve learned where the opportunities are, you can start making changes to scale successfully.

Upgrade marketing and branding

Build up company visibility and reputation with robust marketing and branding. Sharpen your marketing messages and establish a presence on inbound and outbound marketing channels that are a fit for your services. Search Engine Optimization, social media and content marketing should be especially useful. Nearly half of all clicks on search engines come from organic searches, which suggests that prospects are more likely to trust the results they find naturally.

Your marketing and branding strategies will also be more impactful when guided by data. By analyzing metrics such as website traffic, conversion rates and client engagement, you’ll be likely to discover actionable insights that may shape marketing strategies and campaigns that produce the results you need.

Standardize service delivery, invest in automation

Scaling a service-based business requires being able to deliver those services in the same way, every time. A strategy that will both save time and ensure that your profit margin is sufficient to cover the expense of delivering at scale is to package your services as a menu of products and eliminate the need for you to customize every order. Next, create standard operating procedures to ensure quality, efficiency and consistency in how your services are delivered. Map the step-by-step workflow, provide written or video instructions for clients and if applicable, ensure that your team is trained on best practices, so that clients will receive the same excellent results every time.

With a service-based business it is you, Freelancer friend, perhaps assisted by a team member, who will provide your services. In order to scale, you must develop and perfect turn-key, streamlined processes that allow you to work with the number of clients necessary to realize the scale. From your client onboarding procedure to billing and invoicing, automation will make your organization more efficient, appear more professional, inspire trust and build your brand at every touch point. Not only that, you’ll have more time to focus on improving your business and optimizing the scale.

Thanks for reading,

Kim

Image: Jack’s First Beanstalk, illustration from Jack and the Beanstalk, a circa 1734 English fairy tale. Author and illustrator unknown.

Technology / Office , , , , , , , , , Leave a comment

Artificial Intelligence–Where Do You Begin?

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I haven’t used AI much, other than inviting this platform to do a free AI review of the posts I write for you, to make sure that the information is reasonably complete, for example, and my vocabulary choices clearly communicate what I want to share. Sometime soon, though, incorporating AI tools into my modest Freelance operation will be inevitable and as a Freelancer who fares best when operating expenses are reined in, thinking strategically about the business functions that will inaugurate my AI roll-out is a must. So as I work through this decision, I’ve decided to take you with me, because you’ll also need to figure out AI for your business needs in the near future. An AI tool is not an impulse buy. To obtain the results you want, big-picture thinking is needed.

  • Assess your current operations: Before spending money and implementing AI technology, review your business processes and identify where an upgrade would make a difference. For example, how might your productivity benefit if you could generate more extensive and specific data insights, or improve the effectiveness of marketing campaigns, or expedite content generation —blog, newsletter, marketing emails? Where might AI create the most value for your organization?
  • Start small: Choose one or two areas to implement AI tools and learn how to produce the results you want. A website chatbot programmed to answer inbound marketing FAQs might be a good place to start.
  • Let AI provide inspiration: In particular when using AI for content creation, remember that AI gives you a draft, such as suggesting good topics, or personalizing marketing messages for diverse audiences. Avoid directly posting AI-generated content on your website or social media accounts as your final version. Check AI suggested sources for accuracy.

Which AI tools are suitable for Freelancers and SMB?

As we head into 2025, it is understood that AI will become an essential resource to promote business growth, identify how to improve competitive positioning and overall move an organization forward. Whether you use AI to generate data analyses, conduct market research, create a revenue forecasting model, or manage customer relationships, these tools are designed to support companies of every size. Whether you’re a Freelance writer, wedding planner, or bookkeeper, there are AI tools that will improve your business operations in many ways, from project management to image creation, search engine optimization to financial projections. One or more of the four AI tools below may get you off to a good start.

Canva

Canva Magic Design makes it easier to design graphics that reflect your brand when you must create presentations, proposals, marketing emails, or other documents. Magic Design (with a complementary feature called Magic Write) is part of all Canva plans, including the free version. Jumpstart your design with either a text query or photo and Magic Design will auto-generate relevant templates that fit your description. With plain text commands and just a few clicks, you can create customized graphic designs. Just describe your preferred image or upload your media and Magic Design will create social media posts, presentations and even videos. No coding and advance design skills required. Subscription is either free, or from $9.99/month for Magic Design Pro.

  • Ask Canva to produce social media graphics for your marketing campaigns.
  • Update webpage template colors and fonts to match your brand color scheme.
  • Turn AI-generated content into a presentation slide deck.
  • Transform Instagram posts into a series of swipeable images known as a LinkedIn carousel post.
  • Upgrade your Canva plan with Magic Design for Presentations or Magic Design for Video.

Asana Intelligence

Asana Intelligence is an add-on to the Asana project management platform and is especially well-suited for IT, marketing and operations needs. Website developers and others who work with multiple clients might use Asana Intelligence to track client projects and write status updates that keep clients informed. Teams may use Asana Intelligence to aid in making shared project management faster and easier. Customer service virtual assistants can speed up client workflows when the Intelligence feature is activated. Users can also ask questions on any work in Asana to receive insights, identify challenges and set up next steps.‍, keeping the client in the loop. This versatility makes Asana Intelligence a nice choice for those responsible for both creative and administrative work. Premium and Business tier Asana plans include the Intelligence feature at no additional cost. Plans start at $10.99 per user, per month.

  • Create automated workflows that activate when someone new joins your Asana team or project.
  • Sort and label projects with auto-generated fields.
  • Generate summaries and action items for projects.
  • Edit project summaries and team messages for voice, tone and clarity.
  • Find data points and information in a project within an Asana workspace.

ChatGPT

ChatGPT is a generative AI chatbot that users can interact with through conversation threads, making it an excellent tool for projects that require lots of Q & A to drill down into specific market challenges, customer pain points, or competitor strengths, for example. Its conversational interface makes ChatGPT great for narrowing down discussions that help you discover the nuances—that might mean an exploration of your customer journey or understanding your customer’s end-user workflows. ChatGPT can also help build a more powerful go-to-market strategy for new product launches by identifying influential players in your target market and revealing relationships and interactions between those influential players that can influence both product or service sales and the customer experience. This step is very helpful to find people to interview and build relationships with to improve your go-to-market strategy. Buy a Plus subscription is $20/month to access what you’ll probably need.

  • Data collection for market research.
  • Discover and explore untapped market opportunities.
  • Write drafts for project proposals.
  •  Identify growth strategies, find ways to reach new audiences and discover insights that position you as an industry thought leader.
  • Create a revenue forecasting model to assist in predicting future financial performance based on historical data and assumptions. Conduct scenario analysis, a financial model that allows users to test different possibilities and assess their impact on financial outcomes.

Lumen5

Lumen5 is an AI video generation platform for marketers. The platform enables those without training or experience to easily create video content by simplifying the process of converting text into engaging visual content. Its user-friendly drag-and-drop interface and automatic text transformation capabilities make video creation much easier, saving time and effort. Storyboarding and video editing are two key advantages. You can use the service to create two kinds of videos:

  • Auto-captioned talking head videos using footage that you upload.
  • Marketing videos based on written presentations, documents, or blog posts.

When creating marketing videos based on a document, the text is all you need. You don’t have to film any footage yourself—Lumen5 will generate visual content that pairs with your words. Lumen5 plans start at $19 per month and allow you to create both videos and AI-generated voice-overs for your clients.

  • Marketers can use the tool to create content for client marketing campaigns.
  • Sales managers can turn presentations into personalized videos for prospects.
  • Freelancers can turn to Lumen5 for help creating their own social media content.

Disadvantages of AI

While AI has numerous highly valuable benefits, the technology also carries potential downsides. Being circumspect about the big picture consequences of implementing AI is important for you, your customers and your community. Think corporate social responsibility.

  • Job displacement–AI’s abilities to automate processes, generate rapid content and work for long periods of time can mean job displacement for human workers.
  • Data quality–AI models are only as good as the data they are trained with. The model will produce unreliable results if the data is incomplete or inaccurate. If you’ve previously used SAAS tools, always double-check the result of AI generated info.
  • Hallucinations–AI systems may inadvertently “hallucinate” or produce inaccurate outputs when trained on insufficient or biased data, leading to the generation of false information. 
  • Ethical concerns–AI systems may be developed in a manner that isn’t transparent, inclusive or sustainable, resulting in a lack of explanation for potentially harmful AI decisions as well as a negative impact on users and businesses.
  • Privacy concerns–The data collected and stored by AI systems may be done so without user consent or knowledge and may even be accessed by unauthorized individuals in the case of a data breach.
  • Environmental costs–Large-scale AI systems can require a substantial amount of energy to operate and process data, which increases carbon emissions and water consumption.

Thanks for reading,

Kim

Image: © Marciobnws for Shutterstock. The Creation of Artificial Intelligence by Man, an image inspired by The Creation of Adam (1508-1512) by Michelangelo.

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Stir Up Your Sales Strategy

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Because you have set up shop as an independent business owner, consistently generating sales of your product or service is central to your existence. Whether your company’s revenue is derived mostly from the sales of long-standing customers or from new arrivals (some of whom are referred by long-standing customers, I hope) and whether your economic landscape is brimming with opportunity or undermined by difficulty, the presence of a sales strategy that consistently produces revenue for your enterprise is a matter of survival. The performance of your sales strategy is not a phenomenon that you can leave to serendipity. It’s a vital sign that deserves your constant attention. Should sales become sluggish, or on the other hand unexpectedly vigorous, you’d better know why it’s happening. If the significant movement in your sales trend is anything other than a seasonal variation, it will be incumbent upon you to diagnose the situation and fix it.

As we’ve explored in this column over the past several months, B2B selling encompasses several factors. It’s a lot to keep your eye on, but that’s the nature of the beast:

  • A robust inbound marketing funnel that invites prospects to explore and consider your products and services
  • Communicating the perceived value of your products or services
  • Asking smart questions that invite prospects to share information that confirms what s/he hopes to achieve when using your category of product or service.

Building a robust sales engine that helps your entity survive the inevitable economic downturns is required of every business owner. Understanding your ideal customer, recognizing which Key Performance Index metrics are relevant, meaning you follow the numbers that reflect an accurate picture of business operations and diversifying the sales channels you use, all with the goal of increasing sales volume, are the primary components of a resilient sales strategy.

Even the invincible iPhone has a sales strategy because there is no product that “sells itself.” Develop and implement a successful sales strategy and you enable your business to not only survive economic challenges but also be positioned for growth and long-term success.

Define your ideal customer

To successfully navigate through business adversity, a deep understanding of your ideal customer will be your guide. You need to know who they are and why they buy from you, instead of a competitor. Along with basic demographic info, you should also comprehend customer pain points, i.e., buying motivations, plus the usual challenges they face and what they hope to achieve once their preferred solution is enacted.

As you discuss the needs of your prospects and the particulars of the project you’ve been hired to do, as well as other conversations you may have with the customer, you’ll be able to conduct in-depth research, gather feedback and eventually get a picture of your ideal customer and what matters most when your category of product or service is used. You research will enable you to create a buyer persona, a sophisticated reference document that identifies and describes your ideal customer, his/her motivations and behaviors.

By understanding your customers well, you can tailor your sales approach to address their specific needs. This not only enhances your value proposition but also establishes trust and credibility. When customers feel heard and understood, they are more likely to choose your products or services, even during challenging economic conditions.

Define and recognize success

A robust sales process relies on clear and measurable metrics. Key Performance Indicators (KPIs) are the metrics that become your compass, a roadmap of the numeric indicators of company performance. If business softens, following a data-driven approach to bring about a recovery is the best defense.

Identify and define KPIs that align with your sales objectives. These may include the sales conversion rate, number of new customers, number of returning customers, average invoice amount and sales cycle length. Regularly monitor and analyze these metrics to identify trends and areas for improvement. By having a data-driven sales process, you can quickly adjust strategies and tactics to respond to changing market conditions.

Identify new sales channels

Relying too heavily on a single sales channel can leave your business vulnerable during economic downturns. To build resilience, diversify your sales efforts by locating additional channels. Investigate both online and offline avenues that align with your target audience and industry.

So if you primarily sell products at pop-up venues, consider expanding into e-commerce and/or strategic partnerships with local stores. Diversification not only expands your reach but also spreads the risk. When one channel faces challenges, others can continue to generate revenue, helping your business weather downturns more effectively.

Utilize technology and automation

In an unpredictable business environment, leveraging digital tools becomes essential for sales resilience. Integrate customer relationship management (CRM) systems to gain insights into customer behaviors and preferences. These platforms enable your sales team to fine-tune your customer outreach activities, prioritize leads and enhance customer interactions. Additionally, consider automating routine tasks such as email follow-ups. Marketing automation not only ensures that every customer request receives a response in a timely and appropriate fashion, but also allows you to concentrate on building relationships that lead to generating revenue.

Finally, because your B2B prospects are not always available for either video or telephone meetings, it’s also wise to invest in virtual communication tools. Platforms for videoconferencing and virtual demos ensure continuous engagement with clients, bridging any physical gaps. By embracing digital transformation, your business is better positioned to navigate economic uncertainties efficiently.

Thanks for reading,

Kim

Image: © Wang Huazhong / China Daily. Shoppers browse for bowls at the Barkhor Shopping Mall in the Kham region of Lhasa in eastern Tibet.

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6 Digital Trends to Make Doing Business Faster and Easier

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Maybe you and I are alike when it comes to technology—-neither in love with tech-based products and services, nor afraid of them. I’ve never played a video game in my life but when fax machines were still a new thing, I bought a (Panasonic) combination phone and fax. You may remember that first wave fax machines required special paper that was sold in rolls. When plain paper fax machines became available, it was a big thing.

When a new product or service brings a significant improvement to my life or business, I’m happy to be an Early Majority Adaptor, in marketing parlance. I do not rush forward with my arms wide open when a big media rollout announces that a flashy new product or service has come to market but before too long, I’ll investigate. Might this new arrival be useful for my life and business? Will it help me to make money, save money, save time, or enable me to do business more efficiently or amplify my impact somehow? Can I afford to buy it? Can I afford not to?

Presented below are six relatively recent technological inventions or developments that are reshaping how we work and live. Nearly everyone on Earth is almost guaranteed to utilize at least four of these six tech- based services, whether or not you realize it. The presence of these resources—-and that is what they are—-will only become more entrenched over time. It’s up to you to be proactive and figure out how to harness the power and tap into benefits that these resources can deliver to you.

  1. Artificial Intelligence

I’ll bet you’ve used a chat bot —-an AI-powered service— when you visited a website and wanted your basic questions answered quickly. No? We’ll, does the keypad on your tablet, desktop, or smartphone have autocorrect typing? I thought so! AI has seeped into so many routine functions that we take for granted.

A common use of artificial intelligence is for what’s called machine learning, algorithms that through repetition appear to “learn” over time. Artificial intelligence is also making inroads into Customer Relations Management (CRM) systems. With the introduction of AI, CRM systems transform into self-updating functions that allow business owners, marketers and accounts payable specialists, for example, to set up AI generated order confirmations, customer birthday greetings, or subscription renewal notices.

Artificial intelligence is also a mechanism for detecting gaps in computer network hacking defenses. AI systems can recognize a cyberattack, as well as other cyberthreats, by monitoring patterns from data input. If a threat is detected, it can backtrack through your data to find the source and help to prevent a future cybersecurity threat.

2. Automation

Routine administrative tasks are unavoidable in most jobs and getting it done is often time-consuming. The practical benefits of intelligent automation companies increasingly enable the automating of many repetitive tasks so they do not require manual input from you or other team members. Today, payroll, invoicing, event registrations and numerous data entry functions are handled by automated services.

Expect more business solutions to be powered by AI for analytics, data protection, security and search algorithms. As a result, many businesses will run leaner as business owners find ways to employ automation.

3. Hybrid workplace

We turned on a dime and responded most efficiently to the reconfigured workplace (and classroom) environment brought about by the coronavirus shutdown. The pandemic proved a virtual workplace is possible.

But also, it has shown that a work-from-home setup is not ideal for everyone. The solution is to design your hybrid workplace to fit the needs of your workers, as directed by their functions and deliverables they produce.

Workflow development specialists will be especially useful for helping hybrid teams, some that may even work across national boundaries, decide how to approach decisions about how the work can be efficiently executed, how to promote good communication and camaraderie and even who should work from home and who should work in the office.

4. Cybersecurity and privacy

As of July 1, 2022, 4.95 billion of the 7.95 billion global population are internet users (source: United Nations). That about 62% of the world is online has all sorts of implications, for better—-more opportunities for communication and exchanging information!—and worse—an urgent need for user data protection, to protect privacy and promote security.

Online business owners should already have encryption security measures in place, to safeguard financial transactions and customer information. Online customers are becoming more concerned about the security of their personal data that by necessity is in the hands of many organizations, including banks, employers, insurance companies, retailers and social media platforms. Freelancers and small business owners are expected to guarantee security measures to protect their customer data just like global enterprise companies.

Data breaches are embarrassing and expensive. They’re bad for business, especially for smaller companies, that don’t have the budget to engineer a reputation rescue executed by a crisis communication marketing team. To ensure the data integrity at your organization enact all of the standard data protection protocols. Verify the security of your cloud-based software systems, cloud data storage service and your online and mobile payment providers. Protect all company internet devices, as well as personal devices, by using two-factor sign-in and strong passwords.

5. 5G

In 2021, I took my sweet time to trade in my 3G smartphone for a 5G smartphone and my cellphone provider was unhappy with me for a while. We’ve been hearing about the 5G revolution for, what, 5 years now? More networks and devices have moved—-more like been pushed—-to 5G in response to increased demand for faster connectivity, but 5G is more than just faster downloads.

Speed of data transmission on all of your mobile devices is a huge plus. Online meetings, streaming movies, listening to music and watching live TV are so much more seamless and satisfying with 5G bandwidth. You may not have noticed, but your phone and tablet are already faster now and they’ll soon become faster still with successive 5G upgrades and rollouts. Expect to see very soon expansions of fast, powerful and more reliable wireless internet service at home and at the office.

5G will also impact your car. Automobiles coming to the market this year will offer 5G capabilities. In the not-too-distant future, expect high-speed cloud connectivity to bring AI powered smart mirrors, super premium audio systems and self-driving trucks and other delivery vehicles—-yikes!

6. Digital payments

We’ve witnessed an expansion of digital payments and related banking options courtesy of the of pandemic shutdown. But the need for secure and fast mobile and online payment systems was already in a slow boil. The steady rise of e-commerce demanded secure online payments. Outdoor festivals, flea markets, farmers markets, art festivals and every imaginable business conference found someone. with a self-published book to sell or motivational videos to buy, enabled by remote payments.

Banks and other consumer financial institutions such as Venmo, Square, Wallet and PayPal, continue to invest more in online solutions for their customers.

  • Online payment channels.
  • Online loan applications and approvals.
  • Cashless payment transactions.
  • Online personal identification.
  • Faster and user-friendly online banking apps

Thanks for reading,

Kim

Image: “Digital rain” computer code in The Matrix (1999)