Inspiration and Information for Starting Your Business

Archive for the ‘Promote My Business’ Category

For Your Customers' Benefit

http://www.bizfilings.com/blog/wp-content/uploads/2011/06/Customer-iStock_000012432428Small.jpgWhen you communicate with customers, how do you talk to them? Do you make it all about your company, or all about them?

It’s not that customers and clients don’t care about the integrity of your company. They do. But your business is much more likely to succeed when you front-load your conversation — no matter what your communication channel — with how your product or service benefits the customer.

To some, this may seem counter intuitive, especially when your business has received awards or accolades. But a humble approach makes your company more approachable and attractive. I’m not saying not to mention it, just lead with the customers’ needs.

In today’s super-busy world, you have mere seconds to effectively show your potential customers that what you offer has relevant benefits that suit their needs. To help you do this, avoid mass mailings and e-mails, as well as other random marketing techniques. In other words, do your research to determine who is likely to appreciate the benefits you offer before you attempt to reach them.

Of course, you must first have a crystal-clear definition of these benefits yourself. And they have to be authentic. If you’re claiming your third-party iPhone case is the best — make sure it’s the best! Although easier said than done, when we strive to improve the integrity of our products and our business, the customer notices.

Think about the people over at Pixar. This company accepts nothing short of their best. They work as a team to create fantastic, story-driven films that offer benefits to audiences of all ages. With Pixar, the benefits often go beyond “entertainment” value, touching the lives of children and adults, alike, in meaningful ways.

When building a relationship with a customer, filling their need is top priority. Even if it’s a one-time transaction, an excellent experience with you can get communicated to hundreds of friends, family members and business associates on social media sites — which is just a really effective form of old-school word of mouth, right? Give your customers more than good reason to talk, and make sure that talk is positive by making it all about them.

May your business always experience abundance, growth and prosperity …

Business Blogs

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How to Get More Hits on Your Small Business Blog

http://www.bizfilings.com/blog/wp-content/uploads/2011/06/Target-and-Arrows-FLIP-iStock_000014696471Small.JPGJust about any company can benefit from having a blog. In many cases, it can help grow your business by increasing sales or your client base. In all cases, it can raise the credibility of a company — especially when you’re providing relevant, high-quality content. But writing blog posts, even good ones, isn’t enough. You also need readers.

Fortunately, there are tools that can help you get more traffic on your blog, increasing exposure to your potential market. Here’s a list of tips and resources to help make your blog a successful one.

Understand categories and tags: from what they do, to how to use each most effectively. A little known fact (at least I didn’t know until my Web designer told me) is that if the categories and tags you’re using aren’t actually included in your body copy, they’re ineffective in driving traffic to your blog. Why? Because without keyword content to back them up, search engines don’t give any weight to your categories and tags. Wordpress can help give you a better understanding of categories and tags.

Choosing the best keywords. When we speak of keywords, we’re really talking about SEO (Search Engine Optimization). I recommend a two-step approach with keywords and key word phrases.

  • Write your article organically, using the language of your industry. Then enter all relevant keywords into your tags (and possibly your categories if it’s a recurring topic on your blog).
  • Utilize Market Samurai’s free keyword program to determine which keyword phrases pack the biggest punch. Which words, or phrases, are going to bring you the most traffic? Market Samurai has an excellent tutorial section in their “Dojo” on how to get up to speed with their program and SEO. Next, add the high-performing keywords to your content, tags and/or categories. This helps optimize your article so it can receive better visibility on Google and other search engines — which can bring you more traffic.

Visit JohnTP.com: How to increase your blog’s traffic
This four part series is a wonderful, detailed introduction to blogging. Find links to all four parts of the series at the end of each post. Thanks John!

Visit Seth Godin’s: How to get traffic to your blog
Seth is a marketing and blogging guru, and his article is packed with useful info!

May your business always experience abundance, growth and prosperity …

Business Blogs

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Start Small, Go Big: A Contest for Up-and-coming Professionals

http://www.bizfilings.com/blog/wp-content/uploads/2011/06/Contest-Image-iStock_000013694050Small.jpgDailyCandy.com is running a great contest for fledgling professionals called Start Small, Go Big.

Sponsored by ink from Chase, the contest promises the winner a trip to New York, a write-up in a Daily Candy e-mail — and most importantly, an introduction to a leader in the winner’s dream industry.

If your goal is to be a success in fashion, food-and-drink, health and beauty, or home, this is a fantastic opportunity!

Go to Daily Candy’s Start Small, Go Big contest for more information and to enter. Good luck!

May your business always experience abundance, growth and prosperity …

Small Businesses with Tight Budgets Embracing Facebook & Group Buying

A marketing industry survey released this week by MerchantCircle finds businesses are shedding the use of traditional print channels and opting for less expensive web alternatives such as Facebook and search engines.

The study focused on local merchants and found use of Facebook to be rising and becoming more attractive, with 22 percent claiming they’ve used the social network and 65 percent reporting that they would use the service again.

Group buying is also growing more attractive among marketers, with 77 percent of respondents who have used a group buying service claiming they would offer another daily deal, compared to only 50 percent of merchants who reported this three months ago.

“Most local merchants are working with very small budgets and tend to prefer marketing methods that are easy and familiar,” said Darren Waddell, vice president of marketing at MerchantCircle, “so it stands to reason that many merchants will gravitate towards a well-known brand such as Facebook when it comes to trying locally targeted display ads and group buying.”

However, plans to expand marketing budgets seem to have stalled among local merchants, with as much as 73 percent claiming they have no plans to raise their budgets this year.

Baby Boomers More Plugged-In Than Many Assume

The internet has fundamentally changed the way in which businesses market to consumers. Now, instead of relying on ad copy and TV commercials, marketing exists in social networks, mobile devices, email inboxes, search engine results and quick response codes.

Of course, traditional channels are still relevant, with certain demographics found to be using them more than others. However, there is a misconception among many small business owners and entrepreneurs forming a company that baby boomers are less inclined to such technologies.

On the contrary, this generation is very active on the web, with an estimated 60 million online baby boomers, according to marketing expert Greg Bayer of the ad network Adknowledge. That represents more than three-quarters – 78.2 percent – of the entire age group. What’s more, boomers contributed $2 trillion worth of consumer spending.

These figures should suggest to businesses of all sizes that, despite some unfortunate generalizations, Americans currently aged 46-65 are a fairly tuned-in cohort that exhibits strong marketing and revenue potential.

That being said, there are still certain ways to best reach this generation, the primacy of which involves knowing their lifestyles, preferences and characteristics.

“Baby boomers are a free spirited generation that values freedom of thought and self-expression,” Bayer writes. “As a competitive, hardworking and driven generation, boomers lead active and fit lifestyles and hold social causes and individuality in high regard. They’re by no means ‘over the hill.’ In fact, many boomers consider themselves to be in the prime of their lives.”

For that reason, they are also extremely concerned about their health and how healthcare impacts their lives. A Pew Research Center report released last year found researching health-related information to be the third most common online activity among baby boomers.

Businesses should keep this in mind when developing a strategy to reach them. Even companies that offer services unrelated to health can use this information to style their messages.

“Play into boomers’ lifestyle traits with offers for physical fitness, leisure, travel and adult education, as these may also prove enticing to a wider audience, which can earn you more bang for your buck,” Bayer adds. “Find the balance between casting too wide or narrow a net to maximize your efforts and returns.”

A recent FedEx survey found 55 percent of small businesses are planning to boost their marketing budgets this year, up from 42 percent last year, suggesting now is a good time to consider one’s promotional initiatives.

Understand Your Demographic for SEO Purposes

Especially within the last few years, with the advent of game-changing technologies and innovations ranging from quick response codes to mobile advertising, a slew of buzz terms have graced the business marketing scene and turned the heads of industry leaders.

One such term is “search engine optimization.” By now, most people understand what SEO is, but few really understand how important it is for an organization’s’ marketing strategy, especially among people just starting a business.

“This is like training camp for marketing and helps any business to see both the market potential in their category [volume of searches] and the pain points most often searched by their target market,” writes Michael Brenner for Business 2 Community.

However, those beginning an SEO content strategy need to know what terms and phrases their targeted demographics will be searching for and then build a campaign from there.

“Once you know what people are searching for,” Brenner adds, “you can then tailor your business pitch to show how your company can best meet those needs.”

Especially as small businesses move to spread their marketing budgets in coming months, the need to have an active web presence is more important than ever.

Just How Effective is Direct Mail?

A lot has been said about direct mail marketing in recent years. On the one hand, there are the consumers that denounce it as junk mail that immediately goes in the trash and serves to do little more than provide environmental waste.

However, many marketing professionals argue that it is instrumental in lead generation, sales and brand promotion, and add that, when leveraged in an efficient manner, can produce strong returns on investment.

A recent study by the Print Industries Market Information and Research Organization found direct mail to be the most important direct marketing channel in 2009, with a 31 percent share in advertising spend, according to WhatTheyThink magazine.

A separate study by MagnaGlobal reported that overall direct media advertising revenue is expected to grow by 0.8 percent this year, compared to 0.7 percent last year, stemming criticism that the channel is dying in the face of growing digital competition.

“Direct mail did a lot better than we thought,” said Alex Feldman, manager of global forecasting at MagnaGlobal, according to the source. “It will grow each year within the next five years.”

“But compared to electronic media,” Feldman conceded, “direct mail and directories are at a disadvantage.”

It’s true: Social media is something of a marketing revolution. A recent study by Social Media Examiner found 90 percent of marketing firms consider the channel to be an important aspect of their operations.

But to most professionals, this constantly evolving trend merely underscores the importance of optimizing one’s direct marketing strategies – that is, embracing a greater level of efficiency in developing a direct mail strategy.

For example, do not simply blanket a region with indiscriminate mailings; that really does serve only to mount the trash heap. Instead, develop personalized campaigns that address consumers’ individual interests and purchases in a respectful and professional manner.

“Address customers by name, always thank them for their business, and recognize that they have a relationship with you,” writes Mark Peterson for Bloomberg Businessweek. “You may even want to refer specifically to the last time they purchased from you if you haven’t seen them in a while.”

However, at the end of the day, only a quality product or service can generate sales figures. Marketing is important – essential, even. But word-of-mouth is powerful, and social media only encourages it, so if a customer has a poor experience, everyone will know about it.

Marketing Strategies: Green, Movement and Traditional

Most analysts have argued that as the economy improves, businesses, particularly small ones, will renew their marketing, PR and promotional strategies. Due to the recession,  many businesses cut back on their marketing initiatives in light of sales slumps and poor credit.

Now, as consumer activity begins to show signs of rebirth – with retail sales on a 10-month rise, according to the National Retail Federation – small businesses and entrepreneurs forming a corporation can be expected to reach deeper into their pockets for extra marketing change.

In that sense, now may even be a more important time to invest in marketing than before the downturn, as businesses will bank their survival on accruing substantial market share in the new, post-recession economy.

Of course, simply dumping money into your marketing department does not ensure a solid return on investment, especially with the advent of new channels like social media, mobile, quick response codes and other innovations.

For that matter, businesses need to weigh their marketing goals and customer bases against the various techniques at their disposal. For example, green marketing – a skyrocketing sector that is expected to reach value in the trillions of dollars over the next few years – may be popular or even necessary in the service, tech, manufacturing or retail industries, but it’s near pointless for, say, a research agency.

Another recent marketing strategy that has gathered steam in recent years is what Forbes magazine contributor Scott Goodson calls “cultural movement marketing,” which refers to the idea of promoting the social significance of a product and its relation to society while maintaing a soft focus on the product itself.

“Forget about ads. Spark a movement instead,” Goodson writes. “Brands today can’t ignore the fact that the marketing landscape has radically altered in favor of movement marketing.”

“Why? TV, print and radio have their place, but with the advent of social media and new technologies, everyone is online,” he adds. “Everyone is talking, and sharing. And so the opportunity is there for brands to be part of the conversation.”

However, businesses need to remember the role of traditional media, which can be just as effective as web media if leveraged effectively. In fact, a recent Capital One survey found 62 percent of small businesses were engaged in print media in the first quarter of this year.

Win a Facebook Business Makeover and $20,000

American Express OPEN contestAmerican Express OPEN is teaming up with Facebook to give five small business owners a Big Break. You could win an all-expense paid trip to Facebook headquarters for a two-day, one-on-one business makeover and a $20,000 cash prize to help grow your business with social media. Entrants must submit responses to 3 questions by May 20, 2011. Enter here.

USPS Maintains Benefits of Direct Mail Marketing

Continuing the U.S. Postal Service’s push to reinvigorate the direct mail marketing sector, Postmaster General Patrick Donahoe called upon businesses and advertisers to consider the medium in developing their promotional strategies for the rest of the year.

Speaking at the National Postal Forum in San Diego, Californa, Donahoe referenced the sheer number of businesses who do have a direct mail strategy in their campaigns as an untapped potential for marketers and the print industry itself, according to PrintWeek magazine.

“We look at the top 100 advertisers in the U.S. and some of them don’t do any direct mail,” the source quotes Donahue as saying. “Advertising firms make a lot of the decisions for their clients and they often don’t think of direct mail.”

As the economy improves and small businesses find greater access to capital, marketing strategies are expected to become one of the sector’s most active spending areas.

A survey released this week by PayNet and Thomson Reuters found borrowing among small firms increased in March over the same period in 2010, suggesting the improving credit market may encourage entrepreneurs forming a company to place a new focus on their marketing strategies.