IBD Initiatives in Business Development

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Tips and Advice

Bite sized nuggets and quick tips for you to take away.

Nuisance Faxes?

If you're bothered by junk faxes, you can register with the Fax Preference Service (FPS). This may not stop them altogether, but it will reduce the number.

Since May 1999 it's been illegal to send unsolicited sales and marketing faxes to individuals (includes consumers, sole traders and partnerships) without their prior consent. Businesses can also register for the service now. You can register on the same site to stop direct mail (MPS) and telephone (TPS) sales calls too.

If you are using telesales or sending direct mail and fax messages, then you can find out more about what you should do, to comply with the law.

Late Payment Problems

The average invoice in the UK is paid in 53 days! If you suffer from late payments, then you should take action before it's too late. New legislation to combat the problem enables you to claim statutory interest on late payments and has particular benefits for SMEs. Find out more at the Better Payment Practice, and use your rights.

Driving Web Site Traffic

A little known secret - negotiate reciprocal links with other web sites to boost your search engine rankings, and attract more visitor traffic. Many search engines now look at the number and quality of inbound links you have as part of their ranking assessment. The more links from popular web sites the better.

There's many other actions you should take to promote your web site, but this is simple and often overlooked.

Client Churn is Expensive

The average business loses half its customers every five years. But the cost of finding new customers can be many times that of keeping existing ones happy. It really pays to work on a customer retention strategy - for example, give incentives for repeat business, keep in regular contact, solicit feedback or set up a customer satisfaction questionnaire (and act on it). Also use your existing customers to find new ones, by asking for referrals.

Data Protection Scam

There has been a dramatic increase in the number of businesses targeted by bogus data protection 'agencies' recently. They send notices using threatening language on official-looking headed paper and request sums of between £85 and £120 to register businesses under the Data Protection Act 1998. The actual fee for notification is just £35 a year, and you can do it yourself online.