Posts Tagged ‘Marketing’


Losing Your Customer to the Dark Side of the Internet

More PrivateThe Internet is no longer a very private place for people to find resources or to shop. It has become a crowded market with millions of advertisements, pop-up websites, and sponsored blog posts. Companies try to track and analyze every click of the mouse. Businesses work hard to stay present on the customer’s screen. They use cookies and other bits of technical code that remember visitors in order to retarget them even when they have left the company’s site. (Source)

As a result, customers are increasingly voicing privacy concerns about the recording of all this information which in some cases has led to identity and personal data theft. Millions of people a day now have taken refuge in a very private place that exists until now in a shadowy corner of the Internet: Tor (The Onion Router). It was originally set up by the U.S. Naval Research Laboratory ten years ago to let U.S. agents communicate secretly around the world. (Source) More recently, it has become a popular way for thieves, drug traffickers and terrorists groups to communicate anonymously.

Tor’s hidden services feature allow users to communicate information and publish websites without revealing their location. It is now used by large corporations to keep their competitive analysis and board level decisions private. General consumers have started to use Tor to protect themselves on a public Wi-Fi connection (Source).  Some also use it to combat discrimination when e-commerce sites show a price based on geography or number of visits. 

Consumers want to use Tor to hide their online identify and location, but still interact with all commerce websites. To access the Tor network, users simply need to download its browser, which is free and open sourced for all desktop and mobile platforms. However, most social media and retail sites have blocked Tor users because it prevents them from utilizing cookies and disables Java scripts to track them. For example, using the Tor private search engine, Start Page, most sites do not load or come up very slowly because the Ixquick proxy servicer is used for privacy. However, Amazon does employ Google AdWords on this search page in hopes of getting customers to go directly to their site without a proxy.

With Tor traffic expected to reach almost ten million a day, corporations are now looking at it as an new way to reach prospective consumers (Source). Many are unblocking the Tor browser’s access to their site. Facebook began offering Tor users a method to connect anonymously (Source). (www.facebookcorewwwi.onion ) It seems that Twitter is also starting to let Tor browsers use the social media site without verification (Source). Reddit has donated over $82,000 to help fund Tor (Source). Given growing privacy concerns, the Tor browser may be the future for all consumer web surfing because it allows users to decide if they want to disclose their location and other personal information to be tracked. Some of this can be turned off with other browsers, but most users are not sophisticated enough to be able to do this correctly.

As privacy issues escalate, many online retailers will be forced away from traditional marketing tactics fed by cookie technology or risk losing customers when they go into stealth mode. This trend will reinforce good online marketing techniques:

  1. Ask prospects and customers to opt in to be contacted by your company again. Dont abuse the privilege.
  2. When contacting them, add value, just dont sell them your products. Publish content that they value, not just an online product or services catalog.
  3. Build a trustful relationship over a long period of time so they think of your company when they are ready to buy.
  4. Build social media connections and community with your customers that they want to participate in regularly.

What will your business do when your customer goes into stealth mode on the Internet?


Developing Your Marketing Plan

Stock3-25 creating a mktg plan smallMarketing is one of the most critical components of your business’ success. You may have a fantastic product or service, but if customers are not aware it exists, there’s no point in continuing the line of work. In order to make sure your product is exposed to your target customers, you need to develop a robust marketing plan. Once you’ve spent time identifying the four Ps, start adding some elements and details to your strategy. Let’s look at the areas you should focus on when developing your marketing plan.

Validate the Market

How do you know you have a great product that will be of value to your customer? Answering this question is part of the validation process. You want to validate the market or make sure there’s a need for it. Here are a few questions to answer in order to help you do this.

  • How large is the market locally, nationally, and globally
  • How often do people buy your type of product?
  • How many customers are “in market” at any given time?
  • Will your customers buy daily, weekly, monthly, annually, or every five to ten years?

The answers to these questions will: 1) tell you if you have a sustainable product, and 2) help inform your marketing plan and tactics. After you’ve validated the market, start delving deeper into your target market or customer.

Define Your Target Market

In order for your product or service to sell, you need to answer the question: who is your target market? And the answer is never, “anyone.” The best way to be successful is to develop a customer profile with as much detail as possible. Answer the following questions:

  • How much income do your customers make?
  • Where are they located?
  • Are they male or female, or both?
  • How old are they?
  • What is their level of education?
  • What jobs do they hold?
  • Can you see the face of your customer? What do they physically look like?

Remember, the better you know your customer, the better your chances of making the sale. Once you’ve identified who the customer is, it’s time to articulate what makes them buy.

Create Customer Value

So many marketers and business owners are great at explaining what their product is and why it’s great. But very little know how to explain the product in a way that illustrates value to the customer. This is extremely powerful because if you can help the customer achieve a goal, the product sale will follow.

To do this, start by identifying what qualities your customers value most and least about your service. You must build your marketing strategy on customers’ perceptions of your product’s value to them. This approach is called WIIFM, or What’s In It For Me? It’s critical to keep your marketing plan customer-focused. By doing so, you are on the path to setting yourself apart from the competition.

Identify Your Competitors and How to Deal With Them

In today’s economy, it’s rare to find a product or service that has no competition. Your competition is targeting the same people you are, and as such, your message can easily get lost in advertising clutter and spam.

To avoid this, define what makes you special to your customers. Why is your product or service different and better? What is your competitive advantage? What do you offer that the company does not? Why should a customer hire you? Perhaps you offer a longer warranty than your competitor. Or you have proved results that another business does not. If you’re struggling with identifying your competitive advantage, the best thing to do is ask your customers why they bought from you.

Validating the market, identifying the target audience, creating customer value, and identifying your strengths from your competitors are the components that will shape the rest of your marketing plan. Once those steps are completed, it’s time to define the tactics you’ll use and determine your marketing budget.


Keeping Your Email Out of the Junk Folder

3-19 email to inbox smallA hot topic on the subject of email marketing is how to keep your company’s emails out of your prospect’s junk folder. It’s one of the most complicated parts of email marketing which cause a high rate of failure. Here are some steps to get your emails to where they should go: the inbox!

1. Send Emails in Batches

It may be easier to send an email to an entire list, but this is not an effective practice. Spam detectors are looking for companies using mass emails. Sending out smaller batches minimizes the risk of email providers (Google, MSN, and Yahoo!) getting spam complaints bundled together at one time. Batch the lists when sending more than 2,000 emails because this is the maximum that should be sent per hour. Many paid email marketing systems will do this automatically.

2. Clean and Update Email Lists

When email providers see a mailing list with a lot of bad accounts (i.e. ones that don’t exist, has been disabled or has a full inbox), they penalize the sender. This increases the likelihood that company emails will go into to the junk folder. Surprisingly, some estimate that US consumers change their email account every six months. This means a lot of updating, but it is a necessary practice to prevent from being labeled a spam provider.

3. Include a Clear Unsubscribe Link

Providing subscribers an opportunity to unsubscribe from a mailing list is not only a best practice, it is a legal requirement. Providing an unsubscribe link means that readers are less likely to jump straight to marking an email as spam. The top criteria for ending up in junk folders is number of spam complaints, so these must be avoided.

4. Become a Contact

Seize every opportunity to encourage those on an email list to add the company as a contact (sometimes called white listing) because those emails will always go to the inbox. Make sure the email comes from a real person not info@yourcompany.com. The best times to encourage this are in the email sign-up confirmation, on the confirmation page, and during customer service transactions. For example, write that “in order to ensure that you continue to receive quality information you requested from us, please add us to your contact list.”

5. Don’t Use Big Images

Sending an email with only images is a bad idea. Spam filters are on the hunt for image-based files because they often contain words that would normally get caught in the spam filters. Since they can’t read the words on an image, they play it safe and assume it’s spam. Make sure all emails contain real text for the filters to read, so they can know the email is safe and pass it on. Including small images an email marketing copy which can be seen on mobile devices is encouraged; it’s the image-only emails that are a problem.

6. Avoid Certain “Spam” Language

Spam reads like spam. Some of the most common words in junk folder emails are Viagra, free, drugs, porn, and guaranteed winner. Additionally, don’t use ALL CAPS, colored fonts, or multiple exclamation marks. Many email marketing solutions check the “spam score” of an email before it is sent.

7. Don’t Buy a List

Sending a promotional email to someone you’ve never had contact with before is illegal according to many digital laws, so buying an email marketing list is not suggested. Buying a list will also increase the chance that people will report the message as spam.

How has your company been successful getting to the inbox?


Marketing 101: 5 Key Marketing Terms to Know

2-4 Mktg 101 smallWhen you start a business, it is extremely important to have a marketing plan. A marketing plan is essential in helping you develop an understanding of what actions you can take to bring success. When people look at statistics about small businesses and see that only about half of all small businesses make it to their fifth birthday, it can be daunting to jump into such cold waters.

However, if you take the steps to prepare for entrepreneurship, you have given yourself a boost over the hurdles that plague the small business owners who become just another statistic. Your marketing plan establishes how and to whom you promote your product or service. Before your write your marketing plan, let’s review some crucial marketing terms to help you have a clear idea of what this approach entails.

1. Marketing

The term marketing encompasses a large range of behaviors undertaken by businesses to communicate their brand message with their customers. In a nutshell, marketing presents products or services in ways that make them desirable. Your advertising, website, social media profiles, and newsletter are all part of your marketing efforts, and are the efforts you undertake to persuade potential customers to become paying customers. Marketing uses both emotional and rational appeals to attract customers and encompasses a wide variety of actions and components. Creativity in your marketing is vital, and the returns can be enormous.

2. Market Research

The term market research may seem overly dry or academic, but it is extremely important. In short, market research tells you who is your customer and why they could buy form you. It also can tell you how many potential customers exist for your market. You may think that everyone will want what you offer, but your market research will tell how likely that scenario is.

For example, the cost of your product may eliminate much of the potential market, or your product may be too specialized to attract enough customers to support your costs. It is important to not just examine the current market, but look ahead to the long-term as technological or cultural changes might transform the market. Good market research gives you solid ground on which to begin your endeavor.

3. Advertising

Advertising is another broad category of marketing focused on bringing attention to a product or service in order to create a sale or build awareness. Product placement in movies is a form of paid advertising, as are pay-per-click ads online. Branding is a key component of advertising. You can use advertising to build brand awareness via media, such as a placing a Facebook ad. Your market research will tell you where, how, and when you should be advertising.

4. Sales

The culmination of all your efforts is sales — that moment when you have convinced your audience to take action and bring out that plastic to make a purchase. Sales is the goal where your marketing, market research, and advertising all lead. Sales activities include direct marketing, selling (including in person, via the Internet, phone, or networking) and trade shows. Any action that results in an exchange of goods or services for money or an equivalent is a sale. How much you sell and when you sell all factor into your bottom line.

5. Profit

Profit is how you measure your success in purely economic terms. It is the amount of money you’ve made after you deduct all your costs of doing business, such as direct and indirect expenditures. Pricing directly impacts your profit! A completed business plan gives you insight in how your specific profit model works. Remember, if you are prepared from the outset, you have strengthened your chances of success in the future.

Understanding these key terms and applying them in your marketing plan ensures that you have a solid plan for what you are selling, how you will sell it, and to whom you will sell. Marketing is the umbrella under which you will execute your marketing research, plan your advertising, make your sales, and calculate your profit. Social media — and media in general — is the means by which you take your message to you audience, but a tight marketing plan is meant to guide your messaging and help you identify the best channels for it.


Nextiva Tuesday Tip: Are You Ignoring Your Returning Customers?

1-20-15 customer rewards smallHave you ever had this experience: You see an ad or offer for some amazing deal for a company of which you’re a longtime customer—something big, like “50% off a year’s membership.” Wow, you want to take advantage of that! But you can’t because there’s only one catch: The offer is for new customers only. “Hmph,” you think. “What am I, chopped liver?”

Many small businesses make the mistake of ignoring their biggest source of income: recurring customers. OK, maybe not “ignoring” them completely, but giving them the short end of the stick when it comes to attention, special offers and prime treatment.

It’s natural that getting new customers should be a key part of your business strategy. After all, every company needs new business in the pipeline to survive and grow. But the bulk of your time and attention should go to your existing customers. Why? Here are just a few reasons:

  • They’re already loyal customers.
  • It costs less to keep them satisfied (and buying) than it does to replace them.
  • Keep them happy and they’ll tell friends about your business.

What can you do to provide better treatment for your returning customers? Here are some ideas:

  • Hold special sales or events just for loyal customers.
  • Offer them early access to new merchandise or services.
  • Give them the chance to lock in current prices for the coming year or when they renew.
  • Use automation tools such as a CRM system to track details about your customers so you can personalize your customer service, offers and interactions. You can even greet them appropriately when they call your business!
  • Use technology that creates a record of customer service interactions so that when recurring customers contact you with problems, you can quickly access their histories.
  • Investigate loyalty programs for small businesses. There are many affordable options that integrate with your marketing, enabling more targeted outreach to returning customers.

It’s OK to create special offers and deals for new customers only—just be sure you provide equivalent or better rewards for customers who have shown their loyalty to your business. 


How to Kickstart Your Marketing Efforts in 2015

1-14 Kickstart Mktg smallMarketing is the engine that feeds your small business.  As we jump into the new year, it’s time to kickstart your marketing and public relations activities. You want to divide your activities by those that engage prospect customers and those that keep your existing customer.  Here are five ways to kickstart your marketing machine in your small business:

  1. Send a Note to Existing Customers to Check-In: To keep your business top of mind, send an email to check-in and see what’s going on with your existing customers. Don’t make it about any kinds of hard sell, just call to say happy new year.  Be sure to put your business phone number, address, website, social media contacts in your email signature, so they can give you a quick call or note back.
  2. Organize Your Calendar: Look at your 2015 calendar and mark down any special dates that are relevant in your industry. Think of creative ways to share information that will bring customers in especially on key holidays. If you’re a retailer, you can run promotions for President’s Day, Valentine’s Day, 4th of July or Halloween. Holidays are opportunities to make sales on related products. Take advantage of it.
  3. Build a New Partnership: One of the fastest ways to find new customers is by partnering with a business that already has complimentary clients or relationships you’re looking for.  By leveraging the credibility of a partner they can pave the way for their clients to trust your business much faster.  Also be willing to present yourself as a white label solution. Remember, 20% of a deal you would have never had is great profit.
  4. Create a new free offer: Everyone loves free stuff. A great way to get potential customers to give you their contact email is to create a free download offer. If you are a financial planner, offer a free report or ebook with tips for “How to Retire RICH Before 50.”  Once you get their contact information use email to nurture the relationship.
  5. Get More Social: This year look for opportunities to boost your social media marketing efforts. Look at ways to build more engagement on your social accounts. Consider kicking it up on your  Facebook page, Instagram account, in your LinkedIn Groups, Pinterest boards and Twitter account. Try venturing out the one new social media site this year. Try Searching popular topics or hashtags that people are engaged in so you can join the conversation.

You can use a combination of these methods to kickstart your marketing efforts this year to keep your business top of mind with your target customers.  


5 Must-Know Mobile Marketing Tips

free wifi cafeThe mobile market keeps growing and flourishing, and the best of it may still be ahead of us. As more people rely on their smartphones throughout the day, these devices become veritable marketing tools. Just as with any emerging technology, using mobile early in the game can be a major benefit to marketing to your customers. That being said, not all small businesses know where to begin in using mobile marketing. There are several things you should keep in mind as you explore this latest and exciting frontier:

1. Your web presence must be mobile friendly

Both your emails and your website should be optimized for mobile. It’s not enough to just design your page and then release it. Test it on as many platforms as you can and make it easy for people to report problems. Yahoo has some good advice on the topic. Even if none that technical information means much to you, the bottom line is that your page or newsletter needs to render quickly (<4 secs), be legible, and easy to navigate.

2. Get to know your mobile customers

Metrics are important. It is vital for you to know what works for your company. How do you keep track of that data? Google Analytics is one place to start. Pay attention to the pages that attract a mobile audience and focus your efforts there at first. Notice what campaigns attract mobile traffic over desktop traffic. Mobile customers have different priorities than traditional traffic, and conversion rates are very different. Pay attention to their needs and make it easy for them to find what they need. Mobile is growing, and as a business owner, it is better to be in front of your customer rather than chasing her from behind.

3. Mobile marketing is not just advertising on a smartphone

Mobile customers require a different method of communication. There is no consensus on the baseline of what works with mobile customers. We are at the leading edge of mobile marketing and no one quite knows where we are headed, but there are some best practices that you can play with to see what works best for you. Retailers should be thinking about how to deploy mobile engagement either through in-store posters or even QR codes. Other businesses may want to use text messaging to engage their audience. Social media definitely dovetails here, but the specifics will differ depending on your industry.

4. Exploit location-based services

Because so much of mobile web traffic is related to search, now is the time to make sure you have claimed your page on the various sites, such as Google Pages, Facebook Pages, Yelp, and Foursquare. This is an easy and relatively low effort task that may offer a payout later on. It also demonstrates that you are paying attention to the emerging trends, and are open to communicating with your audience on different networks and sites. You simply never know where a referral will come from, and you never know when or where your company will get in front of your next customer.

5. Respect your audience

This goes without saying, but the reality is that the temptation is there to use exploitative tactics to get extra facetime with your audience. Mobile’s relevance may be undercut if your audience feels manipulated, so tread carefully as you probe this new technology. It may be tempting to repeat verbatim what you’ve said on social media page or newsletter, but mobile is its own medium, so consider mobile a new channel and program accordingly.


Mondays with Mike: The New Marketing Trend That’s Here To Stay

1-5-15 authencitiy seal smallLimited time!  Lowest price!  Buy now!

Consumers are inundated with claims on their attention, time, and money.  We’re tired of brand impressions everywhere we turn, and we crave something different.  What works right now for consumers in our crowded marketplace? 

Authenticity.  Surprising, isn’t it?  What’s most effective is providing great value to customers who feel invested in your success.  Here’s what you need to know about making an authentic connection with your customers and transforming them into your biggest fans.

  1. Tell your story.  Customers want to support ordinary people, folks they can relate to, and it’s your job to convey your tale in a compelling way.  Hint – you may need help here … that’s what great marketing companies can help with.   Whether you tell your rags-to-riches saga, or whether you detail your unorthodox approach to success, you need to define what sets you apart from the crowd – that’s your message, your story.
  2. Use the phoenix effect.  They mythical phoenix is consumed by flames and reborn from the ashes.  We love to hear tales about someone who manages to start fresh, overcoming adversity, to make it big.  Part of telling your story should convey the unique challenges you’ve faced.
  3. Don’t start a pity party.  You don’t want customers to buy from you just because they feel sorry for you, so it’s important to cast your story – even if it includes difficulties – in a positive light.  Don’t spend too much time whining about how hard it was; focus, instead, on how far you’ve come.  Tell your customers how proud you are of your hard work and achievements.
  4. Don’t brag.  You do not want to make prospective customers envious of your success.  Take Donald Trump as an example.  We may admire some of his success, and we may even choose to adopt some of his business practices, but I don’t know anyone who’s dying to fork over their hard-earned money simply to enrich The Donald.  You don’t want to flaunt your success.  You want to earn loyal supporters.
  5. Have an enemy.  Whether it’s the huge, soulless corporation that you’re struggling to compete with, or whether it’s rigid, outdated practices you’re revolutionizing, people love to root for the underdog.  As part of your narrative, you need to situate your business in a context – give your clients a reason to invest in your success.
  6. Be part of your community.  If you could choose to spend your money with a big company who spirits the profits to somewhere on the other side of the world or with a small company who reinvests in the local community, which would it be?  No contest, right.  Make sure you share the good work you’re doing to make your town or neighborhood a better place to live and work.

Authentic marketing is a refreshing, revolutionary approach, and one that shows no signs of going away.  We’re tired of overblown, high-pressure sales tactics, and we crave a real connection with the companies we choose to do business with.  Make sure you take the time to share your unique vision, journey, and mission with your customers.


How to Have Smarter Social Media Management

12-24 social media mgmt smallYou’d love to spend dozens of hours per week curating lovingly crafted social media posts about your industry, but as a small business owner, you don't have the revenue — or the time — to justify that level of focus on your social media activity. We all know how crucial it is to have a presence on social media networks, but setting up and maintaining those accounts takes time, money, and effort that you probably don’t have. What can you do to engage your customers, if this is your situation? With as little as an hour a week, you can enter the social media arena and establish your footing to launch your social media presence.

1. Develop your plan.

Give yourself a short period of time to do some research. Feel free to spread it out over a few weeks if you need to, but look at your competitor’s social media presence then look at social profiles of companies or brands you admire.

Compare and contrast and, using those notes, define what you would like to accomplish with your social media presence. Determine how your use of social media will further those goals. Feel free to be selective as to which social media sites you will use, after all, you only have a small window of time to do your social media work, so each punch has to pack a wallop.

2. Use a social media management tool.

A good social media management tool is worth its weight in gold. I use sproutsocial.com and Hootsuite.com These tools allow you to do much of your social media management on one screen and keeping everything under one umbrella so that you spend your time on the active part of social media rather than the passive.

Your social media management tools should allow you to post across sites, schedule posts for a later time, find content to share, and alert you to any conversations that may need your voice. Avail yourself of all these abilities and you will see your efforts rewarded. It may take you a while to find a system that works, but keep at it until you have method that makes it easy to post.

3. Have a schedule.

Using your time wisely is critical if you only have a brief period to dedicate to social media. It is easy to go down the “click” hole and emerge at the other side with a few good links and not much else. Create a schedule for your social media time and stick to it religiously.

You might find it easier to work on your social media management in a one-hour block one day per week, or you might find it better to spread out that time over a few days. Look ahead in the calendar and see if there are times where it might pay off to concentrate your efforts. Some companies might look for popular trade shows or conventions that raise their industry into the view of popular cultures.

4. Pay attention.

You never know what will trigger a connection, so pay attention to what you come across as you go through your day. A post may be inspired overhearing a conversation at the Post Office, something you heard on the radio, or even a magazine headline at the checkout counter. Our world is increasingly interconnected, so pay attention to those moments that inspire you in your social updates.

A little concentrated effort can go a long way with social media. Focus your attention on what you want to accomplish, do it, then move on.




 
Nextiva Logo

phone-icon Sales phone-icon Support
Nextiva
Nextiva is the leader in Business VoIP Services. Copyright 2015 Nextiva, All Rights Reserved,
Terms and Conditions, Privacy Policy, Patents, Sitemap