Archive for the ‘Entrepreneurship’ Category

Tech Tips for Small Biz on About.com

Friday, January 29th, 2010

You may know of About.com, a database/website of helpful articles on almost everything. About.com runs an extensive section for entrepreneurs, which is a great resource for tools, tips and stories about everything involved with entrepreneurship. Included are articles about becoming an entrepreneur, drawing customers, marketing, as well as discussions, and examples of new and upcoming businesses.

In a recent discussion, small businesses contributed to the story “How Entrepreneurs Are Using Technology to Reduce Cost & Increase Profits.” Six company reps, including one from OfficeDrop, contributed to the discussion, resulting in a valuable list of ways web and other technology can be employed to benefit your small business. Below we outline the best tips we found in the discussion along with some quotes from contributors.

  • Gaining customers through Internet and Social Media:
    “E-mail newsletters, blog, Twitter, & Facebook have all allowed us to maximize our exposure and reach new audiences.”
  • Using Google Apps:
    “Google Contacts allows you to share your contact list with fellow employees.”
  • Operating in the cloud:
    “Moving your existing network to a cloud-based model is easy to do, and the cost is usually recovered within the first year.”
  • Using Smartphones:
    “Smartphones allow us to connect with each other and valuable customer data.”

In our contribution, which you can read here, we outline the technology we use to increase productivity and maintain low costs.

One of the technologies we use is our own service, employing a OfficeDrop online account to manage bills and other important documents that need to be organized and easily accessed later. In addition, we use other cloud-based SaaS providers for things like contractor billing, email marketing, and document sharing. See our post about SaaS  marketing tools for small business for more details.

We hope that the About.com’s page for entrepreneurs can be helpful to you, and that your business can benefit from some of the technology discussed.

Top free and low priced sales and marketing SaaS tools for small businesses

Friday, January 8th, 2010

Now that small business SaaS is becoming mainstream, powerful marketing tools can be utilized to build a productive, cost effective marketing strategy for your small business. Five years ago when I worked for a big company we used multi-million dollar tools to track and manage our pipeline. Today, there are plenty of SaaS applications to oil your sales and marketing machine – a lot of them cheap if not free. Here are some of the best SaaS apps we have found for running sales and marketing:

Google Analytics

Google Analytics is the free web analytics tool we use to track site usage to our website. Of course it does the basics like showing us how many visitors we’ve had recently, but it also provides deeper intelligence into the sources of our traffic (from search, links and paid advertising). In addition, it shows us which of our traffic sources, landing pages and blog posts are resulting in actual closed sales and real leads. This is one of the first things I check when I get into the office in the morning.

Zoho CRM

We recently switched from Salesforce to Zoho CRM because Zoho allows for the creation of more online forms at a lower price point. Since we are an online-based business, and have a number of white papers and domains that we run, we need many different ways for potential customers to communicate their needs with us online. Zoho also does the basic blocking and tackling you’d expect in a CRM, allowing note-taking on leads, status updating, report generation, etc. Again, cheap and it’s working well for us. Zoho CRM is free for the first three users.

OfficeDrop

Of course we use our own cloud based service! OfficeDrop helps paper intensive small businesses manage their paper and digital files by scanning and hosting the scanned documents in an online management system. I use OfficeDrop for two major purposes: one, to store + share all of our press, and two, to manage our marketing expenses. Every time I get an invoice or receipt I upload, scan, or email it into the “Marketing” folder in our OfficeDrop account. For example, if I have a bill from Vistaprint for brochures we printed I’ll email it into the 2009/expenses/marketing/December folder. Then, our accountant logs in at the end of the month and can easily see all of our expenses from a single place, making book keeping simple, and making it easier to calculate the ROI from our different marketing campaigns. OfficeDrop is also inexpensive. Pricing for digital plans starts at $4.95/mo and for paper plans starts at $14.95/mo.

WordPress

We run multiple blogs (blogs are the greatest, easiest way to communicate with our customers), and having a simple blog publishing solution like WordPress is important. Since there is no limit to the number of writers we can have in the system, our product people and our marketing people can all create and edit each other’s content, and we can set up a simple publishing schedule. Since our main OfficeDrop blog drives about 15% of our sales conversions, it’s well worth the effort. Oh yeah, and the price – in addition to the software being free, the hosted version is also free.

CoTweet

Yes, we are on twitter, and we’ve recently started using CoTweet. It’s an application that allows multiple users to share the same twitter user name (in our case @pixily). Cotweet allows us to see what our last few tweets were easily, so that the marketing team doesn’t send out an overlapping message that the CEO just tweeted from the @pixily account.

Grasshopper

Grasshopper is a VoIP service that we have used to put our sales team in contact with customers. We’ve got our toll- free number on the top of our home page because it’s important for our potential customers to know they can easily contact us. Grasshopper enables us to project that big, solid company feel with dedicated extensions for each salesperson and custom recorded greetings and department forwarding. Above all, it’s a professional and cost effective way to put customers in contact with your sales team. Pricing starts at $9.95/mo.

ProvideSupport

Provide Support is the application we use for customer service, but it is equally utilized for sales and marketing. Provide Support is a great way to install a ‘chat with me’ button. On our website there is a ‘chat with me’ button that puts users in contact with a human being in the case they have any questions about the service prior to signing up. This is a cheap and easy way to engage customers via your website and we highly recommend it. Pricing starts at $15/mo.

ConstantContact

We aspire to the “touchless” sales model, which requires some pretty sophisticated email management. ConstantContact has been great for us, both in terms of functionality and price, although I imagine it would also be great for a company running basic email campaigns. For me, the best part about this service is that I was able to login and within a few minutes started sending emails – it was that easy to use. Pricing starts at $15/mo.

With the advent of low priced SaaS marketing solutions, small businesses can now manage their sales and marketing pipeline just as well as large competitors. The best part of these tools is that you usually don’t have to install or maintain any software or equipment. While large companies have legacy tools, into which they invested hundreds of thousands (or millions) of dollars, small businesses can nimbly shift to the best solution. I’d encourage you to take advantage of the free trials offered by most of the SaaS solutions mentioned above. I think you’ll find that many of them will make you more productive and enhance your customers’ sales experiences.

What SaaS tools do you use to run your business? Let us know by leaving a comment.

Pixily in BusinessWeek – How Our Document Scanning and Document Management Service Was Started

Monday, October 26th, 2009

BusinessWeek Asks “How was your business idea hatched?”

OfficeDrop founder Prasad Thammineni talks about the moment when he came up with the idea behind OfficeDrop‘s document scanning and document management service with BusinessWeek reporter, Amy Barett. Amy’s article, “Beyond Eureka,” lays out five steps for starting a business from interviews with 20 serial entrepreneurs. Amy suggests setting parameters for the business, brainstorming potential ideas, picking a winner idea, assessing feasibility, and testing a prototype.

Prasad explains how he was overwhelmed with paper during his MBA as Wharton and created his own system to scan, store and shred it. He realized that there was demand for this sort of a service when other students him to borrow his system. Realizing he was onto something, he interviewed a number of small businesses are discovered that there was a market for digitizing and managing small business’ paper. Thus, OfficeDrop’s document management and document scanning service was born!

A wide variety of companies are profiled – everything from clothing companies for people with limited mobility to an online service for creating computer games – including Cooper Martin, Sensible Garden, Sharendipity and Weardrobe.

Pixily Attends the Massachusetts State Legislature’s Innovation Day at the State House

Friday, October 23rd, 2009

On October 15th, the Massachusetts State Legislature hosted Innovation Day at the State House. The event presented a unique opportunity for Massachusetts-based technology companies to showcase their contributions in technological innovation as well as for the legislative body and staff to see how this innovation is relevant for economic growth in the Commonwealth. Special thanks to Senator Karen Spilka, Rep. Brian Dempsey and Rep. Michael Rodrigues and the New England Venture Capital Association for sponsoring this day.

OfficeDrop was one of a select group of technology companies invited to participate at Innovation Day.  We are very proud to have been invited to this event! It was great to see how excited Massachusetts’ politicians are about the health of innovation and startups. OfficeDrop garnered a large amount of interest as a prime example of both technological innovation in the Boston area, and as a “real labor” employer with aggressive expansion plans over the next 12 months.  Also of interest to the legislators and staff was OfficeDrop’s work with Boston-area public schools like Belmont Public, with whom OfficeDrop has been working to streamline  files and paperwork , making access to student information more efficient and cost-effective.

Some of the other really cool companies in attendance included:

Also, it was nice to see that irobots have a good sense of civic duty – here is one of their robots throwing away trash inside the State House.

iRobot picking up trash

iRobot picking up trash

The event centered around a panel discussion moderated by Scott Kirsner(The Boston Globe), in which Massachusetts technology company CEOs and venture capitalists discussed the impact of policy issues on venture capital as well as the importance of continued technological innovation that helps drive the Commonwealth’s economic growth. Scott did a nice job leading a conversation that touched on the difficulties of starting a company in Massachusetts, the unique advantages of the region and the excitement felt by the CEOs who were aggressively growing despite the tough economic environment.

Conquering the clouds – How to position your product to win awards

Monday, July 27th, 2009

Amazon just announced their annual web services Startup Challenge. The prizes include $50,000 in cash, $50,000 in AWS credits, mentoring sessions from AWS technical experts, and AWS Premium Support Gold for one year. OfficeDrop was a finalist in in this competition last year, and it helped us get some of our initial traction and press. We definitely recommend that other startups apply for this year’s competition. OfficeDrop has also had a fair amount of luck winning/making it to the finals in several other cloud computing awards, including winning MITX’s 2009 Cloud Computing Award and being announced as a winner of the 2009 AlwaysOn Global 250 in the category of cloud computing.

We are very excited to have been so successful in these competitions, and thought it might make sense to share some of our game plan for entering these competitions. Here are the steps we take when approching a competition that might be a good fit for OfficeDrop:

1) Research the award.
a) Understand the awards’s mission statement.
b) Who are the judges? What are their backgrounds? Media-types? VCs? Technologists?
c) Who were the past winners of the award? Do you see your company standing on the stage with them?
2) Develop a clear positioning statement on how and why your company is right for this award. Come up with 3 to 5 sentences. Combine the core mission of your company with the angle that the award judgement panel will eat up.
3) Ask questions. For many competitions, the coordinators are very helpful and want to try to encourage cool startups to participate.
a) Develop a dialog with the person organizing the competition. Organizing the event is probably both fun and stressful. Keep your interaction enjoyable and don’t over-do it.
b) Always thank the person once you’ve submitted your application.
4) Have a demo account for the judges. Ensure that the way you’ve set up the demo reinforces your positioning statement and play well to the award judges.
5) Use customer testimonials/case studies that reinforce your positioning. Judges like hearing about users who are having success with your service. Be specific. Judges like concrete data and metrics. If your product / solution saves time or money (whose doesn’t), don’t just state it. Quantify it.
6) Set up a timeline for completing the application.
a) Positioning statement – 3 weeks prior to the deadline
b) First draft – 2 weeks prior; get comments from the rest of the team/advisors
c) Final draft – 1 week prior; this draft should include all comments/revisions. Yes, this should include those painful edits needed to stay under the word limits.
d) Final proof read – Couple of days before the application is due. Don’t look a the document for a few days, and then read it end to end. Look for a logical flow/structure and make sure the application fits the positioning statement.
7) If the submission also includes a presentation, practice, practice and practice. Know thy audience. It is really important to have a crisp presentation that stays on message. Make sure you present why you are the most eligible to win the award. This is involved enough, that it is worth an entire blog post (or a book) by itself. I’ll do a follow-up blog post on the art of making the sell, later on.

This process has worked out pretty well for us, but does require real commitment. However, given the press that we’ve received and the positive attention and feedback we’ve gotten from customers after we’ve won these awards we feel that the work was worth it! Here’s to your chances in the next competition that you enter!! Good Luck!

Our mini birthday

Thursday, February 19th, 2009

Today, Feb 19th 2009, marks one year since we launched OfficeDrop in private beta. We launched as an invite-only service, with the goal of testing our Beta Launchdocument viewer and put our scanners to task in terms of handling a variety of documents, be it receipts, invoices, bank statements, kids’ artwork (we didn’t see that coming) or recipes.

Five months (plus a few more iterations, several user-friendly features, a few hundred gallons of coffee, loads of Kashi and a couple of instances of “What were we thinking?”) later, we launched our service. The rest, as they say, is history. And Feb 19, 2008 was our memorable first date (with history).

Pixily Wins Audience Choice Award at WebInno 19

Tuesday, September 16th, 2008

We attended our first WebInno event in September 2007, one month into founding OfficeDrop. We were very impressed with the group of people we met and we have since then aspired to present at this conference. Yesterday, that became a reality.

We are very honored to have won the Audience Choice award. Since we were chosen by an audience and not just by a panel of judges, it is a true validation of the service. Being the first in the market, we not only have to create awareness for our firm but also have to educate people on the service.  Being awarded means people recognize that : 

  • there is a need,
  • we have addressed that need, and
  • people want to use it.

Here is the proud OfficeDrop team with the award (and a big shout-out to the rest of the team that is not in this picture). GO PIXILY!!

Part of the OfficeDrop Team @ WebInno

Goodbye Paper, Hello Pixily! – Launched July 19th, 2008

Saturday, July 19th, 2008

Get Organized, Go Paperless, Get OfficeDropWe are very excited to share the great news. OfficeDrop launched its service on July 19th, 2008, less than one year since the company was founded. OfficeDrop is now open for business.

When Anand Rajaram, Vikram Kumar and I founded the company in August of 2007, we set a lofty goal of going live within a year. We had a lot of work to do, but we did it! We managed to go to market within a year. We are very proud of our achievement.

Like many successful ventures, we had the help of many who have made our dream come true: our spouses, our employees, our advisors, our customers, our friends and many well wishers.

First and foremost, Anand, Vikram and I would like to thank our respective spouses Gayatri, Vidya and Shivani. Without their support, this venture would have been dead the day it was conceived. If the three of us were able to pursue OfficeDrop full-time and work on it every waking hour, it is because they stood by us and shouldered the majority of the responsibilities. 

Without all the hard work, initiative and perseverance of our employees we would not have built a winning product. For them, the product came first and everything else was next. They always looked for opportunities to make the product better and went the extra mile to realize them. We are truly fortunate to have a great team.

OfficeDrop is a customer-centric company. From the beginning we have engaged our customers and have designed the product to suit their needs. We would like to thank all the focus group participants, usability interview participants and our beta customers for supporting us over the last eight months and for giving us timely, critical and crucial feedback. They shaped the product and made it awesome. We hope that our customers will continue to support and help us evolve OfficeDrop into a valuable service for all.

Last but not the least, I would like to thank our advisors, Prof. Karl Ulrich, and Dean Harris, our friends, well wishers and business partners who supported us in the last one year in ways we did not even imagine. They connected us with the right people, they shared their wisdom, imparted knowledge and when times where tough, they encouraged us.

Please do join us in our celebration and if you have not already signed up for OfficeDrop, please do now and experience the revolution.

Yours truly,

Prasad Thammineni
Vikram Kumar
Anand Rajaram

The Rookie Entrepreneur’s Reading List

Friday, June 27th, 2008

If you are a rookie entrepreneur or a wannabe entrepreneur, I’d highly recommend that you read the following :
The art of the startGuy Kawasaki If you had to read only one book, this should be it. I read this book initially, sort of understood the key points and then find myself going back to it time and again, when I need specific information. No nonsense, practical advice.
Founders at workJessica Livingston A pretty good compilation of interviews with founders (sabeer bhatia (hotmail), Craig Newmark (Craiglist), Joel Spolsky (Fogcreek) for example). Every once a while, when you get those “knots in the stomach”, it is good to know that the feeling isnt unique to you and that almost every successful company has gone through a similar phase.
Venture Capital and the Finance of InnovationAndrew Metrick — Read Chapter 6 to get a great overview of all the technical terms involved in the VC funding.
Getting Real37signals While this is a relatively new book, its advocacy of simplicity and “release early, release often” principle won me over.
Noam Wasserman’s blog – You will have to figure out sooner or later as to how you are going to divvy up the equity. This is a great (only?) resource that gives you data on startups.

I wanted to keep the list short and focused, and picked my must-haves. Please add your suggestions in the comments. Happy Bootstrapping

How did we come up with the idea for Pixily?

Wednesday, June 11th, 2008

I get this question a lot when I tell people what OfficeDrop is. Like most business ideas, the idea for OfficeDrop was born out of a personal need. Well, here is the story behind OfficeDrop:

After starting four companies, I went back to Wharton Business School to get an MBA in 2005. After I wrote my last exam in April 2007, I looked at 8000 pages of bulk packs and course notes and asked myself if there is a way I can keep those without having to carry them everywhere I moved. The more I thought about it, the more it made sense to digitize all documents and carry just the Adobe PDF versions of the paper. There would be be no need for paper anymore and I can find any article, business case or class note, just by searching the documents using keywords.

After some research, I bought a high-end scanner for $800 and spent two weeks scanning all these pages. I also converted these pages into searchable PDFS similar to what OfficeDrop offers today. Even though it was a painful and a time-consuming process, it was well worth it. I refer to these documents all the time just by searching on the keywords in the documents. I have classmates calling me asking if I could share my digital versions with them. Of course, I only share them with those people who took the classes with me – just to be sure I am not violating any copyrights.

After I moved back to Boston I started performing due diligence on four of my ideas including that of OfficeDrop. The more I talked to people about OfficeDrop, the more I heard from people how much they liked it and how they wish they could use such a service. I called our part-time accountant and asked her what she does with all our documents after they are processed. She responded by saying that she stores them in her basement along with her 49 other clients documents in boxes. When I mentioned the idea to her, she was excited. This were her words: “With this idea, my clients can access their documents whenever and from wherever they want. I do not need to go looking for them anymore. This would be a huge time and money saver”. Having the customer validation, I decided to put together a team and pursue OfficeDrop.

I spoke to Anand Rajaram and Vikram Kumar (my partners in OfficeDrop) who were running jPeople (my previous startup) about what they thought about the idea. They loved the idea and they told me they could relate to the problem. Vikram is the super-organizer and Anand like me is a wannabe-organizer. All of us spend time either organizing documents into folders or in finding documents when needing them.

I asked Anand and Vikram if they are willing to join me full-time in making OfficeDrop a reality and bring paper to life. After some deliberation they said yes and in August of 2007 we founded OfficeDrop and like they say: the rest is history.

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