How Local Small Business Marketing Drove My Sales Through The Roof In The Dreariest Of Economies
Is Local Small Business Marketing Right For You?
The Internet has changed the way that the world does business. It really has changed everything. People no longer stop what they are doing to reach for the Yellow Pages when they need a service or product. They reach for their computer and this has changed everything.
Has Local Small Business Slowed?
Where once you might have succeeded advertising your local business in the local newspaper, now you need to get your business online with local small business marketing My business targets my local community — most of my customers come from a five mile radius. Year on year it’s been getting harder and harder to hit my sales targets. It seems like each year there are fewer good customers out there. Can you relate to my story?
The reason for my struggles is likely the same as your struggles — I was not making the most of marketing my local small business online. It’s less about traditional offline media and all about the Internet now. How has the Internet has transformed local small business marketing? That is where eager buyers are looking for my products and services.
Local Small Business Marketing Is On The Internet
Since I started taking seriously what the Internet offers in terms of local small business marketing, my sales have literally shot through the roof. Where once I was struggling to make ends meet, now I’m struggling to cope with the avalanche of work I have coming in every single day — I need to add staff soon. There is no doubt in my mind that the Internet and its facility to put my local small business directly in front of eager buyers has changed my local small business for the better forever!
Marketing To Local Buyers Grows Small Business
I was taken completely by surprise that my business keeps growing, even throughout these current economic challenges. Not even this global recession has stopped my business from growing. My success is undoubtedly our change from traditional marketing methods to local small business marketing online.
Local Business Profits From Eager Local Buyers
I know that it might seem counter intuitive to use the Internet to connect with customers who are perhaps just a few miles from your door; but, look at the facts: The Internet is everywhere — in our phones, in our ipads and ipods, in our computers and in our cars and TV’s. More than 80% of Americans use the Internet regularly and more than 1 billion people each month search to buy locally.
Get Onboard Local Small Business Marketing
This Internet thing has changed the game of business by moving the goal posts closer for local small business. If you have a local business and you want to grow profitably in 2011 and beyond, wake up to these changes and get onboard. Local small business marketing is what you need to do right now.
Is Marketing Your Business Online Viable?
Are you looking for a real way to grow your business, get more leads and generate more sales? Let me say upfront, you can’t wrestle with your business and achieve a clear victory without marketing your business online. Don’t swat at me quite yet — I have my reasons which you’ll soon see.
I’ve been an entrepreneur for over 10 years now and I have a lot of experience growing businesses. Throughout all the business growth, I’ve been testing each method to find the best ways to improve business. I discovered that marketing your business online is the most effective way to gain popularity and attract a flock of eager buyers shopping for what you offer. Although there are still offline techniques available for growing business, many of these methods are waning and can sink your bank account. Especially when your business is quite young, you usually can’t afford to use high cost promotion methods. At times like these, can you risk investing in advertising with questionable return?
You Have Permission To Market Your Business Online
One of the greatest offline marketing business turn-offs today, consumers no longer accept intrusion marketing. They are not waiting to be told what is available for purchase. Instead, think about your own habit. When you get the whim to acquire something new, are you more likely to Google for it or scan through Yellow Pages?
Luckily, the Internet makes it possible for everybody, even those with tight budgets, to market their business online via websites, blogs, video, social media and social networks. Are you serious about serious business growth? Are increased sales and more of your best customers acquisitions that drive you through your business day? I suggest you consider marketing your business online. Perhaps the greatest thing about this is that it’s considerably less expensive to market your business online than ineffective traditional marketing ever was.
You Can Afford Marketing Your Business Online
Of course, nearly all business owners have a website. All by itself, how effective has your static online business card been for your business? Among the most effective online marketing strategies is participation in social media and social networks. I have been augmenting my website efforts with social media for over 5 years now and it’s been tremendously effective increasing awareness of my business brand.
Where Marketing Your Business Online Takes Place
Yes, there are at least 101 social media and social networks in which you can participate. Not all of them are equally effective for your business; and to participate in all of them will be prohibitively expensive. So, where to start? Where will it benefit your business most? Of the 101 possible, I recommend all businesses consider these three:
- Linkedln — The world’s largest network of professionals;
- Facebook — The 3rd largest “country” in the world; and
- Twitter — Customers, vendors, partners & competitors discuss you here.
Social Media Are Marketing Your Business Online
Social media are effective precisely because they empower consumers to participate in business development. What better way to market your business online than to ask your market what it will buy? Once you anticipate for what eager buyers are shopping, place your content there where they will find it and follow it back to your door. Marketing your business online is that simple.
How I Anticipate Eager Buyers Shopping For What I Offer And Convert Them Into New Sales Leads
New sales leads are the crème of every business. Knowing the demand for your product is essential to be able to generate sales leads. It is a known fact that businesses survive and flourish on sales. New sales leads are the oxygen business breathes. How do you anticipate those shopping for what you offer?
Market Research Discovers New Sales Leads
Every business irrespective of size and type must conduct thorough market research about your industry. Perceiving the attributes of your market equips you with intricate details about it. Understanding the exact requirements and wants of your customers helps you serve them better. Once you see and know your buyer personae, tell your business story to the right people and new sales leads will come to you.
New Sales Leads Are Also Aware Of Your Competition
Market research also provides competitive analytics. With this information you can understand where to reposition your brand to achieve a competitive edge over your competition that will generate new sales leads. What do you have that benefits your customers more than what your competition offers?
Marketing To New Sales Leads
Communicating your main benefits to your customers is of utmost importance. To explain this better, let’s look closely at the 4 P’s of Marketing:
- Product — As explained earlier, knowing about the market dynamics equips you with diverse knowledge and helps you to position your product and service everywhere consumers are shopping for it. Redevelopment and re-engineering of your product in light of consumer demand is necessary to capture new sales leads. Furthermore, to induce repeat sales and referrals, give your customers reason to come back for more.
- Price — The price of your offering should reflect its value to your customers. Setting high prices without commensurate value will simply drive customers away. Even selling premium products, keep the high price in line with the perceived benefits. This not only attracts the cream crowd but also substantially increase your revenues. Truth be told, new sales leads are less concerned with price and more with what’s in it for them.
- Place — This is the location where you sell your offering, the distribution channel. Again make sure that your business is convenient to your customers and reduce their effort to the minimum. Your distribution system must be devoid of middle men. Proper replenishment of stock is necessary to avoid customer dissatisfaction and keep up with demand. New sales leads benefit from you being at the right time and place.
- Promotion — Perhaps, the most important aspect of generating new sales leads is your communication strategy. Based on your audience and product, marketing communications should nurture relationships. Whether you’re advertising or promoting sales, your desired result is to anticipate eager buyers shopping for what you offer. For example, during a sales lull, offering discounts and incentives will continue your revenue stream and keep customers interested in you, your business and your products.
How Do You Benefit New Sales Leads?
Generating new sales leads is a must for every business to survive in today’s cut-throat competitive world. Although it may seem more of an art than a science, knowing the benefits your best customers seek is a sure way to garner new sales leads.
How Online Marketing For Small Business Made Me Forget Yellow Pages And Awful Newspaper Advertising
Online Marketing For Small Business Is Effective
Marketing is undoubtedly among the most essential aspects of any small business venture. It is actually how businesses grow and how they continue to work toward profitable goals. However, marketing is also one of the most challenging areas for small business owners to manage. It is often difficult to figure out what type of marketing is needed and which is effective.
Keep It Simple With Online Marketing For Small Business
Small businesses might not know the best places to advertise or might not know which marketing agency to hire. For the most part, online marketing for small business is the ideal solution for most of these concerns. The strategies to carry out marketing online for small business are very simple to understand and are considerably more affordable to use compared with traditional marketing campaigns, such as newspaper ads and Yellow Pages spreads. If you think about how ineffective traditional marketing with wide-ranging strategies is today, you will realize that the amount of money you have to spend on these campaigns is wasteful.
Online Marketing For Small Business Targets Best Customers
Just imagine that you purchase a commercial advertisement from your local television station in the course of their most popular programs. Suppose your product is geared toward the younger market, but the program is targeting all age groups. Even though you might make several product sales and some of your ideal individuals might pay attention to your advertisement, you probably will not generate sufficient interest and sales to cover your considerable advertising costs. The truth is, more often than not, you would have wasted your money.
One Alternative: Online Marketing For Small Business
Now, think about online marketing as an alternative. Your ad is published online in places frequented by interested individuals who want to see it and buy it. These people are trying to find the information that your advertisement provides, whether they are seeking a specific product, your service or more information. Now, because of the brilliance of online marketing, the market you are targeting will find your website because eager buyers are shopping for what you sell. This makes a huge difference, because rather than placing an advertisement in a single spot with the hope that someone will actually see it, your ad will be requested by eager buyers shopping online for what they want at the moment they want to buy it.
Remain Flexible With Online Marketing For Small Business
Online marketing for small business directs customers directly to your business. Done effectively you get considerably higher quality leads. Measurement of traffic quantity and quality allows you to determine how effective each ad is. In addition, in contrast to traditional marketing, online advertising empowers you to easily make changes to your campaign even while it continues to run. Have you ever attempted to do this with traditional marketing promotions? Can you change your Yellow Pages spread once printed? Can you change your TV commercial after production? Traditional advertisements created by traditional marketing agencies could easily bankrupt your business if you insist on changes that are carried out effortlessly everyday online. Flexibility is key to online marketing for small business.
WARNING: Marketing Local Business Is The Best Way To Appeal To Impatient Buyers In Your Neighborhood
In case you have just become a business owner, you should know that it is vitally important to find the best opportunities available for marketing local business. Doing all that it takes to get and keep consumers interested in spending money to benefit from your service will be your key to generate a lucrative profit.
Marketing Local Business Appeals To Eager Buyers
Local advertising campaigns have proven to be crucial for every business, whether you are a professional doctor or lawyer with some years in your field, or a roofing contractor starting out. It is always best to advertise locally even if your business is already established, because local buyers will be the first to invest their money in your products and services. Marketing local business is the best way to appeal to buyers in your neighborhood and for you to cultivate a successful business.
In many cases this exposure can expand from local to international with simple, positive word of mouth reviews. By using a marketing strategy that leverages testimonials, this will enable your business to thrive. When you are prepared with the best way to market your local business, you will not spend an enormous sum of money — not even in the beginning.
Marketing Local Business Requires Expertise
The most effective way to market local business and boost revenue is to enlist the expertise of a local marketing company. Once the majority of your community knows about you and also what you have to offer, then you should move on to other effective advertising strategies. Advertisements in the local newspapers, tabloids and magazines in order attract more customers used to be the only way. Those traditional methods may not be as effective today. All of your advertising must prominently display your business logo. It is a major visual component to your brand and can be seen everywhere. Your logo can look great on signs and billboards in close proximity to your business.
Marketing Local Business Exceeds Expectations
After you capitalize on these basic marketing techniques and your profit looks good, then you can continue to the next phase. Going beyond the traditional approach of creating brochures, pamphlets, leaflets and flyers to be distributed all over your local area, continue promoting your local business wherever eager buyers are shopping for what you offer. At all times you want to ensure that you are using all advertising options to your advantage. Striving to make earnings exceed expectations, you will find nothing more essential than effective marketing. You will discover that this is one of the best decisions you will ever make for your business.
Marketing Local Business Fulfills Dreams
Now is really the time to get aggressive with local marketing. Ensure that your local business continues to grow to the level you desire. Dream big! Always remember that the opportunities for marketing local business were never this easy. The sky is the limit if you are serious about success and you keep your finger on the pulse of your best customers. Marketing local business brings results.
Location Based Social Media Is Where We’re At
Connecting with others regardless of proximity is one of the strongest values Social Media brings to the table. My blog may be read in earnest around the world and I appreciate that. LinkedIn has brought business to table with people I’ve not met nor am I likely to meet (e.g., China, India.) Exchanging tweets across the universe is fun and rewarding. So, what is all of this hoopla about Location Based Social Media?
That being said, I do in fact live here, in this specific place, and not only to I reside here, but I shop here, I eat here and I come face-to-face with hundreds of people every week — right here in Minneapolis, MN USA. Most businesses I see do not benefit from ecommerce and shopping carts. Somebody in Afghanistan on the Internet can go to target.com and order a 4-slice toaster; Target will do the currency exchange and ship the toaster to them the next day — everybody wins. On the other hand, my dentist in Plymouth, MN is not likely to benefit from that Afghani shopper. My dentist has a service area outside of which he’s not likely to profit.
Location Based Social Media are the darlings of 2010. New social media platforms, known as Location Based Services, add a contextual layer of movement and proximity to our relationships online and offline. Location Based Services are smartphone applications utilizing GPS to provide information and social networking relevant to our current location. Location Based Social Media are our interfaces to these applications. We are exploring our community online, tracking our friends whereabouts, recent activities, opinions and we shout out to our world where we are and how we want to be found.
What does Location Based Social Media mean to you? ABI Research estimates, “By 2014 global LBS revenues will have surpassed $14 billion.” The more detailed information we have on prospect behavior patterns and social context, the better we find something truly valuable to offer them. We can also provide more specific, directed information based on the location of our best audiences. Location Based Social Media is particularly valuable for brick and mortar store front business who need to drive local traffic to their store, and for anyone promoting an event at a physical venue.
Basic Types of Location Based Social Media
Kate Shaw categorizes the main types of Location Based Social Media in a blog post “Comprehensive Guide to Location-Based Social Media.”
Social Check-in Sites
Social Check-in sites enable users to access information about businesses in the local area. At the same time, Social check-in sites encourage users to develop location based relationships with other users, with their other social networks and with local businesses.
Offer incentives to users to check-in and frequent your establishment. Compelling offers bring new customers to your location and build loyalty with your existing customers. Encourage users to check-in on any and all Location Based Social Media. Honor incentives you offer across any Location Based Social Media a user may use.
Listen to your guests! Review sentiment. Comment on posts. Acknowledge Testimonials and Referrals. Most Location Based Social Media have Facebook and Twitter connections that allow your guests to promote your business to their entire social network.
Some Location Based Social Media have search options facilitating keyword and brand term searches. Look for opportunities to promote special offers to users checking in to a nearby locations. Some Location Based Social Media have advertising platforms that enables marketers to purchase advertisements based either on category or location.
Social Review Sites
Social Review sites encourage users to publish online reviews, referrals and Testimonials based on their experiences at restaurants, hotels, shops and wherever you and your business are found in Location Based Social Media. Quality scores can be assigned to each comment based on this user-generated content.
Not all Social Review sites are Location Based Social Media.
Social Review sites are critical for brick-and-mortar business — do not skip your strategy here. Utilize Social Review sites for the free market research they offer — make the changes your customers ask for as appropriate.
Social Review sites enable businesses to publish local business content. Many Social Review sites facilitate offering coupons and discount offers to loyal customers.
Make absolutely certain that your guests remember that you exist on Social Review sites. Ask them for their Testimonial. Acknowledge customers that take time to post the positive reviews. Respond to your negative reviews with tact and consummate professionalism.
Local businesses need to listen closely to what their customers say about you, and respond to their suggestions and complaints.
There is no more effective marketing than Testimonials. Every review, every referral, every comment is a Testimonial to the quality of your business. The more positive Testimonials you accumulate, the greater your authority and credibility in your community.
In real life you cannot please everybody. Everybody cannot be your best customer. Some customers cannot be satisfied. The minority negative review is real life. Occasional dissatisfaction is more believable than saccharin drivel, and builds your online personality.
Social Scheduling Sites
Social Scheduling sites facilitate sharing your “social calendar” with your social networks. Individuals can find out about upcoming events. Networks of people can plan anything from birthday parties to movie dates.
Rather than publishing to the world where you are at at this moment, Social Scheduling sites facilitate sharing where you will be. Like a public calendar, you publish where you’re going, which events you will attend and with whom you are going.
Social Scheduling sites often include comment and review functionality. Other users comment, share information, and they can publish their own intent with a “count-me-in” button.
Social Scheduling sites can facilitate keyword searching, so customers and Location Based Social Media can find out about your events. Any marketing involving conferences, meetups, parties, or other get-togethers will benefit.
Conclusions About Location Based Social Media
Carefully examine the list of Location Based Social Media. Explore the pros and cons. Determine which platforms will best help you communicate with your customers. Marketing Local Business Online demands that you go where your customers are. Be found everywhere they are looking for you.
Listen carefully and learn from your guests. Self-reporting your location has a value in itself. Declaring your current location is more than just a piece of information — your intention is behind it. Suppose you’re in a bar and the name of the place is broadcast to your colleagues. That’s both a statement about where you are and an invitation to others. They can infer about your availability or your willingness to interact socially.
Engage with your guests — communicate — bring something of value to the conversation.
Remember that Location Based Social Media is very new. You are marketing to early adopters with voyeuristic tendencies and enormous digital mouths.
Be genuine. Engage your guests with open arms, a big smile and kind words. Offer them the right incentives at the right time. Your Location Based Social Media community will become your most loyal customers and loudest evangelists. Location Based Social Media is where we’re at.