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.
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.
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.
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.
“Permission marketing is the privilege (not the right) of delivering anticipated, personal and relevant messages to people who actually want to get them.”
Marketing Local Business online demands a rigorous understanding of how best to be found when people search the Internet for what you offer. To best understand HOW people search for what you offer, it is necessary to understand the tools they are using. As I write this, Web Search Engines stand head-and-shoulders above other search tools; and Google dominates all Search Engines with more than 80% Search Engine marketshare.
Before we can understand Search Engine Marketing (SEM,) we must have a working relationship with Search Engine mechanics. Effective Search Engine Optimization (SEO) is predicated on creating content that people want to find in a way that the Search Engines will notice and catalog and make readily findable by those hungry seekers.
What is a Search Engine?
A search engine is a tool used to find interesting information in a database. In recent times, such search tools are computerized. In its simplest form, the electronic card catalog at your public library is a search engine.
Although search engine is a general class of computer programs, the term is often used to specifically describe systems like Google, Yahoo! and Bing that enable users to search online media, the World Wide Web and Usenet newsgroups.
What is a Web Search Engine?
A Web Search Engine is designed to search for information on the World Wide Web. Web Search Engines work by storing information from billions of web pages, which they gather from the web page code.
Web page contents are gathered by a Web crawler, or spider — an automated Web browser that reads every line of code in every web page, and follows every link on each page. Contents of each page are analyzed to determine how to index it for later retrieval. The index allows information to be found quickly.
Three essential features of Search Engines are:
crawling,
indexing, and
searching.
Search Engines evolved from Internet Directories
Archie [1990], “archive” without the “v,” was the first tool searching the Internet. Archie downloaded directory listings, not contents, of all files located on public FTP sites.
Gopher [1991] combined document hierarchies with collections of services and gateways to other information systems.
W3Catalog [1993] was the first primitive Search Engine, periodically mirroring numerous specialized catalogues.
World Wide Web Wanderer [1993] was the first web robot and generated an index called ‘Wandex’.
Aliweb [1993] was manually notified by web site administrators of an index file at each site.
JumpStation [1993] used a web robot to find and index web pages, and used a web form interface as its query program.
WebCrawler [1994] allowed users to search for any word in any web page, which is now the Search Engine standard.
Lycos [1994] was one of the first Search Engines with a for-profit business model, followed closely by: Magellan, Excite, Infoseek, Inktomi, Northern Light and AltaVista.
Yahoo! [1994] founders David Filo and Jerry Yang, Ph.D. candidates at Stanford University, started their guide as a way to track their personal interests on the Internet.
Google [1996] began as a research project by Larry Page and Sergey Brin, at Stanford working on the Stanford Digital Library Project (SDLP). Google’s first funding was secured in August 1998 in the form of a $100,000 USD contribution given to a corporation which did not yet exist.
Microsoft [2004] began a transition to its own search technology, powered by its own web crawler (called msnbot). Microsoft’s rebranded search engine, Bing, was launched on June 1, 2009.
On July 29, 2009, Yahoo! and Microsoft finalized a deal in which Yahoo! Search would be powered by Microsoft Bing technology.
How do Search Engines make money?
In 1996, Netscape sought a single featured search engine for their innovative web browser. Five Search Engines paid $5 million each to be in a rotation on the Netscape search engine page: Yahoo!, Magellan, Lycos, Infoseek, and Excite. Today, most Search Engines are commercial ventures supported by advertising revenue.
Some Search Engines allow advertisers to pay money to have their listings ranked higher in search results.
Other Search Engines seek to categorize and prioritize web pages by measures of intrinsic value and make money by running search related ads alongside regular search engine results. Such Search Engines make money every time someone clicks on one of these ads (Pay-Per-Click.)
How do Search Engines differ from Directories?
Historically, Yahoo! was among the most popular ways for people to find web pages of interest, but it operated on its web directory, contents of which were submitted by web site administrators. Web directories are databases of human-compiled results, also known as human-powered search engines.
Unlike web directories maintained by human editors, Search Engines operate on algorithms, or are a mixture of algorithmic and human input. Search Engines automatically create web page listings by using spiders that “crawl” web pages, index their information, and follow each page’s links to other web pages.
Spiders return to previously crawled sites on a regular basis to update web page changes. Everything that these spiders gather is entered into the Search Engine database.
How do I use a Search Engine?
Major Search Engines include a simple dialog box into which you type a word or phrase, and a Search submit button to begin the search.
A Keyword is this word or phrase of words in this simplest sense.
Most Search Engines support using Boolean operators AND, OR and NOT to further refine search queries. Boolean searching on the Internet may manifest in three ways:
Full Boolean logic with the use of the logical operators (rare)
Implied Boolean logic with keyword searching (typed symbols)
Boolean logic using search form terminology (multiple form entries)
When a user submits a query, the Search Engine compares it to its index and returns a listing of web page information, usually with a short summary containing page title and part of its content. Some Search Engines support natural language queries that allow the user to type a question in the same form you would ask it of a human.
What is a Search Engine Result Page?
A Search Engine results page (SERP), is the listing of web pages returned by a search engine in response to a keyword query. The SERP typically lists web pages with titles, a link to the page, and a short description showing where the keywords have matched content within the page.
SERP’s of the major Search Engines may include different types of listings: contextual, algorithmic or organic search listings, sponsored listings (PPC,) images, maps, definitions, videos and suggested search refinements. Major Search Engines visually differentiate specific content types, such as images, news, blogs and sponsored links.
Each SERP also includes navigation to subsequent and/or previous SERP’s, possible search suggestions or refinements, suggested similar searches, and back to begin a new search.
How do Search Engines sequence results?
Initially, web site administrators manually submitted their web site information to be included in Web directories, often for a fee. Often as part of their business model, these “search engines” featured these sponsoring web sites according to the amount of fees collected.
By 2000, the Google Search Engine was gaining popularity among searchers because it achieved more relevant results with an innovation called PageRank. Google developed an algorithm to rank web pages based on the number, trust and authority of other web pages that link back to them. Google’s premise is that good and desirable web pages are linked back to more than less desirable web pages.
Now, major Search Engines operate similarly.
How each Search Engine decides which pages match best and in what order varies widely from one engine to another. The methods also change over time as Internet usage changes and new techniques evolve.
What is an algorithm?
An ‘algorithm’ is an effective method for solving a problem expressed as a finite sequence of instructions. Each algorithm is a list of well-defined instructions for completing a task. In computer science, a search algorithm is an algorithm for finding an item with specified properties among a collection of items.
There are also many algorithms designed specifically for retrieval in very large databases, such as bank account records, electronic documents, product catalogs, fingerprint and image databases, and so on.
Each Search Engine uses a proprietary algorithm to index and return only meaningful results for each search query. The index is built from the information stored with the data and the method by which the information is indexed.
While millions of web pages may include a particular keyword, some pages are more relevant, popular, and authoritative than others. Search Engine usefulness depends on the relevance of the results it returns on each search query.
Who are Search Engine customers?
Major Search Engine business models are for-profit.
Each SERP has a clearly defined topic and targeted theme. Money comes from paid advertisements strategically placed on each SERP. Each ad includes a Web link to the advertiser’s web page. Advertisers pay for these ads to attract people searching for particular keywords.
No search engine has control over the content of the universe of web pages. The better a Search Engine responds to each search, the more money that Search Engine is likely to make.
These Web searchers are becoming more sophisticated everyday. Everyday, more and more people search the Internet to find and buy more and more.
It stands to reason that Search Engines will continuously hone their search algorithms to continuously improve profitability.
What is a Search Engine? Perhaps, it is the key to your Local Business prosperity …
It’s no longer enough to sit back and wait for new customers to come to your Local Business. Fact is, in these times, your customers are more sophisticated than ever. Barraged with thousands of Buy-Me messages everyday, they are determined to find for themselves true value. They are not waiting around for your message; but, they are seeking what they want to buy on the Internet.
Therefore, Marketing Local Business online is your new imperative. Now that you understand Search Engines, how they work and who uses them for what, it is time for you to seize the day. Use the Search Engines to market your Local Business. Put yourself in front of your customers. Take the initiative.
Be found!
Eager customers are looking for you in the Search Engine …
“… a Marketing Relationship is a specific conversation between Business and a market. Therefore, Internet and Online Marketing are relationships between Business and customers and prospects that take place in the New Media of today, and New Media of the future.”
How have new customers found you in recent months?
Today, people find out about your Local Business in two main ways:
Word-of-Mouth depends on the good will of existing customers. How would you like people publishing Word-of-Mouth recommendations online? Why not spend zero dollars marketing your Local Business?
What is Outbound Marketing?
In traditional outbound marketing companies focus on finding customers through:
Building brand awareness,
Advertising, and
Promotion
Outbound Marketing includes:
Focus on your product / service (advertising & promotions),
Focus on your transaction (sales),
Focus on your business (public & media relations),
Focus on your post-sales support (customer service), and
Focus on your customer after-the-fact (customer satisfaction)
Everyday, a typical consumer is overwhelmed with over 2000 outbound marketing interruptions!
They have become quite creative in blocking these interruptions, including:
Caller id,
Spam filtering,
Tivo, and
Satellite radio
Customers need to find a very good reason to visit your Local Business.
Marketing Local Business online is quite a challenge!
What is Permission Marketing?
Alternatives to intrusive and increasingly ineffective outbound marketing are based on what Seth Godin calls Permission Marketing:
“Permission marketing is the privilege (not the right) of delivering anticipated, personal and relevant messages to people who actually want to get them …”
“It realizes that treating people with respect is the best way to earn their attention.”
For the business to engage the prospect, the prospective customer must grant either:
Explicit Permission (e.g., request email or catalog), or
Implicit Permission (e.g., follow a search engine result link)
Furthermore, Godin says:
“In order to get permission, you make a promise. You say, ‘I will do x, y and z, I hope you will give me permission by listening.’ And then, this is the hard part, that’s all you do. You don’t assume you can do more.”
What is Inbound Marketing?
Google reports more than 1 Billion searches each month for local products and local services.
Fully qualified prospects are already looking for products and services in your industry. Inbound Marketing is when customers call you to:
Make appointments,
Purchase products, or
Gain information
When customers find you and like you, you can get business from them, from their friends and from their family.
“Home delivery is the milkman’s revenge… it’s the essence of permission,”
Godin says.
Online Marketing is starting to make more sense …
What comprises Inbound Marketing?
Rick Burnes suggested an intertwined relationship between three main components of Inbound Marketing:
Inbound Marketing Content
Content is the substance of Inbound Marketing.
Content is the information that attracts prospects to your Local Business.
Content includes the Call To Action that converts prospects into customers.
If people don’t know you exist, how are you going to do business?
SEO makes it possible for potential customers to find your content.
Marketing Local Business online must include both Search Engine Marketing (SEM) and SEO if you want your Local Business found.
Inbound Marketing Social Media
Social Media amplifies the impact of your content.
Widely distributed content will be discussed.
Socialized content taken seriously becomes authentic.
There is more trust when a person has a choice.
Social Media have two sides:
What you say about your business
What others say about your business
Why Inbound Marketing?
Inbound Marketing has high Value
Cost less than buying ads, PPC, mailing lists, print, etc.
Blogs and Twitter accounts are free to start
Higher Return on Investment (ROI)
Inbound Marketing is Effective
Targeting specific markets is easier
Prospects qualify themselves
Pre-sold customers search, find you and ask to buy
Inbound Marketing has great Timing
Prospects search for you
Searching prospects are considering a purchase now
Prospects considering a purchase are more receptive to your message
Godin remarks,
“One of the key drivers of permission marketing, in addition to the scarcity of attention, is the extraordinarily low cost of dripping to people who want to hear from you.”
What are Prerequisites to Inbound Marketing?
You need to do your homework and fully understand those looking to buy what your Local Business offers.
Your Market analysis includes:
What groups of customers exist? (markets)
Which customer groups do you prefer to serve? (target markets)
What do they need?
How do their needs change? (market trends)
How do they use these products and services?
What price are they willing to pay?
How do they want to receive what they buy? (distribution)
What do you offer that meets those needs?
Who are your competitors?
What are your competitors doing about your target market?
Exactly how are your customers searching for what you offer? It’s not enough to know how you describe your offering. What matters most are the exact words prospects use to search for it.
Simply make it easy for potential customers to find your Local Business.
“The Internet means you can treat different people differently, and it demands that you figure out how to let your permission base choose what they hear and in what format,”
instructs Godin.
How is Inbound Marketing Done?
Setup your web site to attract visitors naturally through:
Search Engines,
the Blogosphere, and
Social Media sites
Don’t forget your Call To Action to convert visitors once they arrive on your web page!
The Inbound Marketing process is straightforward:
You provide content of interest to people wanting to learn or know something.
You share similar content from other people who do the same.
Interested readers come to see you as an authority in your field.
When somebody considers a purchase related to your expertise, they will come to you.
Inbound Marketing is like Word-of-Mouth with people passing recommendations online.
Seth Godin sums it up like this:
“Real permission works like this: if you stop showing up, people complain, they ask where you went.”
Marketing Local Business Online Is Inbound Marketing
