Using Technology Effectively in your Business

Is technology a blessing or a curse for your business?

Neither. It’s a tool. Like a screwdriver. Try driving a nail with a screwdriver. Not much good is it? But it sure is good for putting in screws. Using technology in your business is about using the right tool for the right job.

Technology has only 2 functions in your business.

• Increased efficiency.
• Increased effectiveness.

Using technology properly increases your efficiency by making a wide range of repetitive and complicated tasks simpler and faster and cheaper. If you haven’t realized this yet, you will soon when your faster more profitable competitor eats your lunch. But efficiency is NOT where the real value of technology lies. Increased efficiency only SAVES you money, which is good, but it can only get you just so far. It cannot MAKE money.

3 Ways Technology Makes you more Effective

Effectiveness in business means making a profit. Before profits come sales and sales come from customers. So using technology to make your business more effective means creating customers and making good decisions about your revenues and expenses.

Using Technology Find Customers

Use technology to find your customers. E-bay is such a powerful business model because it makes it super easy for buyer and sellers of just about anything to find one another just about anywhere. I know of a commercial lender who is using the internet to create a network of people who funnel him business. This is high touch because he is now able to reach out and touch a hundred, a thousand percent more prospects than without technology. What would a similar system do for your business?

Using Technology to Communicate with Customers

Second, use technology to communicate with your customers, more often, more quickly and with better information. Do you think voice mail stinks? I recently read about real estate agents out there who have set up systems to respond to a request for information within 15 minutes of receiving a message? That’s high touch because studies show that the first agent to respond is usually the one who gets the listing.

Using Technology to Manage Information

Third, use technology to manage information for better decision-making. Business isn’t only about numbers (see point number two), but if you aren’t paying the right kind of attention to the right numbers, the numbers will trip you up. So learn to use technology to gather information and look at it in ways that will help you decide how to invest your three most important assets as an entrepreneur: time, money and energy.

Stop thinking its high tech vs. high touch. It is true that it’s never been about gadgets. It has always been about people. But the smart businesspeople understand that using high-tech properly makes you MORE high touch. Be aggressive about figuring out how, and YOU will be the one eating lunch.

________________________________________-

This article is available for reprint only if the following bio is included intact.
This article is written by David Denis owner of http://www.rocksolidwriting.com
David is a freelance writer for hire offering article writing, sales letters, training manuals, speech writing, seo content, sales writing, blog articles, copywriting service, sales scripts and business name ideas.
To learn more, or request a quote visit http://www.rocksolidwriting.com/freelance-writer-quote/