Month: September 2016

Defining Your Marketing Strategy

Nancy Boisvert Newsletter , , , , , , , ,
marketing strategy

Before you can define your marketing strategy, you must understand exactly what a marketing strategy is.

Simply put, a marketing strategy is a plan structured around the resources available to you to promote and grow your business, targeted to your defined ideal client.

So now that you have this definition, review the following list to measure the current status of your marketing strategy and consider where it could go by integrating a structured marketing strategy in the future promotion of your business.

The top dozen questions to define your marketing strategy:

1. First of all, what is it about your business that you are passionate about? Reflect back on what motivated you to start your company.

2. What is it that you provide to your target market in ways that differ from your competitors?

3. Just like people, businesses have – or should have – a personality. What is the dominant trait in your business that you want your customers to identify?

4. What does your ideal client look like? This, really should have been identified when you were planning your business. After all, you can’t be everything to everyone, and if you haven’t defined your client by now, your business is probably flailing.

5. You’ve heard about the “elevator speech”. What is yours? Come up with a simple 10-word message that defines, explains and excites prospects about your business.

6. How does your target market become aware of your business? Within this question, you should be able to identify where and how you can best reach your target audience.

7. How do you build trust? People do business with those they like, no, and trust. What are you doing that will build trust to your target market, assuring them that you are the best person to do business with.

8. How is your cash flow? Be realistic. If you aren’t honest with yourself about your cash resources, you can’t be realistic about what you can achieve. If you are in a position that you have assets but require interim assistance was financing projects, what revenue sources are available to help you grow your business?

9. Put yourself in your customers’ shoes. By walking a mile in your clients’ shoes, you can define and refine the customer experience. Happy client not only becomes a repeat client, but also becomes a source for referrals by becoming an advocate for your business.

10. Once you have defined where you want to goal, what gaps in resources do you face? None of us are experts at everything. Define what you can do and either assign tasks to someone else in your organization in their area of expertise, or outsource to a professional.

11. Do you require partnerships with others in order to achieve your goals? In some cases, it makes sense to partner with complementary business professionals to keep costs down, share resources, and benefit.

12. Finally, now that you’ve answered all of these questions, what does the result of implementing this strategy look like? If you see any holes in the results, review the list again and refine your strategy further.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

Allocating Your Search Budget

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search budget

Does deciding how to allocate your search budget seem like a daunting task?

Should you use Google PPC or social PPC?

This question comes up often, especially amongst entrepreneurs and small business owners who are trying to manage their online marketing budgets themselves.

There is of course no right answer, and it’s hard to know right off the bat which of these avenues will provide the best return on your investment. Therefore, let’s take a look at a couple of determining factors to help make your decision.

First of all, like every other marketing initiative, you must identify your goals and the metrics you will use to measure the success or failure of your undertaking. What is the purpose of your online campaign? Are you looking for an awareness campaign that will generate clicks to your page? Is your focus on getting leads? Are you looking to advertise at the lowest possible cost per lead? Or maybe you’re simply looking to increase your following on various social media platforms.

Once you’ve identified and clarified your goals, see which platform is the best fit for your target audience. Based on what your product or service offering is, some social media channels make more sense than others. For example, LinkedIn is more of a business/professional network, as opposed to Facebook or Twitter which are more social in nature.

The next thing to do is to define your budget. Paid search has improved greatly over the years, and allows you to drill down to a finite definition of your target audience. And, in some cases, you can even designate what times of day your ad will appear. Remember that some of your keywords may be more competitive than others, and more competitive they are the more expensive they will be. Remember to set your daily spend a limit so that you do not blow your budget.

Once you got this figured out, my best advice is to run a small test campaign. Allocate a small portion of your budget to each of the areas that you have determined are a good fit for your target audience and run the test campaign for three days to a week. Check your metrics on each platform to determine which is working the best for you. Once you have learned what is working, focus your efforts on that area.

Remember that there may be a benefit to advertising on a specific platform even if it’s not the most inexpensive choice. Organic search rankings can be augmented by paid search ads, regardless of whether it is on social media platforms or on search engines. Weigh the pros and cons; only you know if the cost of running a small paid campaign will help you attain your goals.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

How To Evaluate Email Campaigns

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email campaign

Are you still measuring your success by open and click through rates and the size of your email subscriber list?

Yes, these metrics do still matter.

But measurement and evaluation of email campaigns has become much more sophisticated as email marketing has become more sophisticated.

Once upon a time, it was cause for celebration and doing the happy dance if your measurement tools showed that most of your emails were being opened and clicked through, and that your subscriber base was growing. As the saying goes in e-commerce, the money is in the list. This will never change. After all, sales is a numbers game and the more people who see your offerings, the more sales you will get.

But times have changed. More and more business happens online, and this avenue only continues to grow. Therefore, it is important to ensure that your email campaigns are following a specific strategy. And it just like any other marketing strategy, be sure that you are starting by defining the goals of your email campaign.

When determining your goal, use the following blueprint to help define it:

1. Be specific. If your message is unclear, you risk confusing your audience. In a confused recipient is unlikely to become a buyer.

2. Make sure your campaign is measurable. Regardless of what type of marketing campaign you are running, if you can’t measure your results you are simply wasting your time and your money. Make sure that you are using qualitative and quantitative goals within your measurement format.

3. Make your goal achievable. You have to do this for a number of reasons, but most importantly if you set goals that are outside of your scope, you risk running out of resources or facing dramatic disappointment, potentially tainting your outlook for future campaigns.

4. Set a time for your campaign to run. Deadlines are important. If you do not set a deadline, you are missing one of the most critical elements for measuring the success of your campaign.

5. Make sure that your campaign is relevant. Yes, it’s important to communicate with your subscribers on a regular basis and to ensure that you are providing them with opportunities. But if these offers and opportunities are not relevant to your audience, they will lose interest and unsubscribe.

Now that you have structured the blueprint for your email campaign, be sure that you are clear on your goals. Back to measuring the success of your campaign, being clear on the purpose of the email campaign will greatly affect the outlook.

The main reasons why people send email campaigns are:

1. To increase conversions. This is an important goal regardless of whether you are just starting out in business or whether you have a well-founded online presence. It’s not enough just to lead subscribers to your site. If visitors are not making purchases, something in your sales funnel is working set a goal to turn visitors into buyers.

2. Building loyalty. It takes a while for your e-commerce brand to mature. But when it does, you’ll learn that not all subscribers are created equally. Do you know how to differentiate between your subscribers who are high-value buyers and those who are “window shopping”? When looking at your high-value buyers, think of them not only in terms of the immediate value they bring to your business, but also of their reach and influence for referral business and social media promotion.

3. Obtain subscribers who are engaged. Let’s talk about that old, original metric of getting subscribers. This is a must. Email subscriber lists fluctuate; it’s just the nature of the beast. But the ultimate goal here is to acquire engaged subscribers. What is your objective to increase your opt in list, extending your reach? If you keep your subscribers interested in engaged, you are not only more likely to keep them subscribed, but will also benefit from of their extended reach helping you build your list and grow your revenue.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

How To Measure ROI

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measure ROI

Marketing campaigns should be viewed as an investment in your business, not a cost.

One of the biggest problems that entrepreneurs and small business owners face is coming to terms with making marketing investments in their businesses.

Unfortunately, many of them tend to be short-sighted and look only at the initial outlay to develop, create and implement a marketing campaign.

But a marketing campaign, done right, is an investment in your business with the ultimate goal of increasing brand awareness, more prospects, more customers, and – ultimately – great PR and more profit.

Just like any other investment, an investment in a marketing campaign needs to be measured and the results monitored and evaluated to ensure that your marketing budget is being appropriately allocated. With proper monitoring and calculation of ROI, you can focus on those campaigns that deliver the best results, regardless of your product or service. Remember, not all marketing campaigns are created equal.

When times get tough, the marketing budget is always the first to be slashed. This is completely counterintuitive, since marketing is an investment designed to produce revenue for your business. By learning to determine and measure your ROI on marketing campaigns, you can gain comfort that your marketing budget is not just some fluffy expense that you can throw away during times of economic difficulty.

One common mistake that many small business owners make when calculating ROI is to simply calculate profit minus investment to determine their return. For example, if you invested $50,000 in a marketing campaign and ended up with $100,000 at the end of the project, the simple calculation is that you received a 100% return on your investment. Now, although this calculation might work in simpler applications, it is not an accurate picture of your marketing ROI.

Measuring ROI for marketing campaigns can be complex due to the many variables on both the profit side and the investment side of the equation. Understanding the formula is key to producing the best possible results for your marketing investments.

There are many ways to calculate marketing ROI but the best formula, in the simplest terms, is:

(Gross Profit – Marketing Investment)
Marketing Investment

When you apply the example I gave above, you can see how this formula changes the performance of the marketing campaign. If your typical profit margin for your product or service is 50%, that means that only 50% of the $100,000 in revenue was actually gross profit, the other 50% being attributed to create the product or service that was being sold. So, in this example, your actual ROI on the campaign is zero.

Now this does not mean that you should not be investing in marketing; it simply is intended as an example to show you that without proper calculation of ROI, you can be misled, leading to disappointment. There are many ways to determine ROI, depending on the intended outcome of each individualized campaign. Therefore, it is often a good idea to turn to a professional marketer for assistance in determining your goals and leveling your expectations.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

Market Your Business Without Breaking The Bank

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don't break the bank

As a small business owner or an entrepreneur, you have to closely guard your cash flow to be successful.

But guarding the purse strings is not the same as refusing to spend your cash appropriately to build your business.

The important thing is to be strategic with your spending and make sure that your investments pay off.  You don’t have to blow the budget to make a big impact. In fact, there are lots of ways to market your business $400 or less, assuming you are willing to put in a bit of sweat equity.

Here are six easy to implement and inexpensive marketing strategies:

1. Do your market research. I’ve repeated numerous times just how important it is to research your market. The more time you invest and the more you refine your ideal client, the better you can focus your marketing efforts and target them to the appropriate audience. Also be sure to check out what your competitors are doing. Be strategic. Don’t try to compete with big players with an established brand, but analyze your field to see where weaknesses or gaps exist in the marketplace and take advantage of these.

2. Use email to your advantage. There are many email marketing platforms out there that offer free accounts up to a certain limit of subscribers or emails per month. And if you purchase a plan through an email marketing provider they are generally very inexpensive. Email marketing is a tactic that works. Many studies have proven that email is the preferred channel for clients and prospects to receive communications. But remember that nobody likes spam. There are rules in place that specify how you can legally prospect for business. Be sure that you are coloring in the lines.

3. Timing is everything. Most consumers search for a product or service online. Ensure that prospects who land on your website can access the information that they need to make a buying decision quickly and efficiently. Nearly all new websites are already optimized for mobile devices, but if you have an older same be sure that you have a mobile ready version available. Remember that nearly half of all browsing is now done on mobile devices.

4. Make sure you can be found. As noted above, most consumers go online to research products and services prior to making a purchase. As a small business owner or entrepreneur, make sure that you do keyword research and appropriately integrate search engine optimization (SEO) into the content of your site. Used appropriately, SEO can result in favorable SERP, or search engine result placement, in organic search results. When searching online, few people bother to look beyond the second page of results, so be sure that you are able to be found.

5. Use social media. But be strategic. Hundreds of social media sites are in existence, but there are only a small handful that are used regularly by the majority of people. When you did your research, you should have identified which of these social networks your prospects are most likely to use. Create profiles on those social networks and interact with your prospects and clients on the sites. Remember that these are places where people will post comments though, and make sure that you are interacting. You could consider making a small investment to sponsor posts on sites like LinkedIn, Facebook or twitter. All of these platforms allow you to target your ideal market as well as set a daily limit, ensuring that you do not overspend.

6. Expand your team. No, I’m not talking about hiring when you can’t afford to do so. Instead, I’m referring to the concept of creating strategic alliances. Sharing contacts and working with other businesses who can complement your offerings cannot only increase your brand awareness, but can also help you grow your business much quicker than you could on your own. Again, play fair. Make sure that the alliance works both ways.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

5 Tips To Keep Online Customers Happy

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online customers

As online shopping continues to grow, it’s important to make sure that you provide a simple, seamless experience for your online customers.

Maybe you don’t have an online store. Perhaps you just have a handful of items or services that your offering to your visitors. Whatever the case, if you want repeat business, referrals and great reviews, keep your clients happy!

Consider the following five tips to help create a great user experience:

1. Make sure that your site is responsive. While Google is not longer directly penalizing websites that aren’t mobile responsive, having a site that is not responsive can hurt still affect your SEO rankings indirectly.  But it can hurt your user experience even more. People are using mobile devices like tablets and smartphones all the time. If your site does not respond and display well on these devices, users will become frustrated and buy from someone else.

2. Check your page load times. This tip kind of works hand-in-hand with the tip noted above. People want to see great pictures of your products and/or great descriptions of your products and services, but if it takes a long time to load, kiss the sale goodbye.

3. Do not make your users create an account. With more and more transactions happening online, the need to create an account or connect with the social media account has become prevalent. People are becoming fatigued with this process and are choosing, more and more often, to opt out rather than creating a new account. Make it as simple as possible for people to see what you are offering. You will get the information you need when they make a purchase, so don’t make it onerous for them to shop.

4. Watch the pop-ups. Depending on the type of site you have, you might have anywhere from one to several pop-ups on your page. Remember the golden rule. After all, don’t you find pop-ups annoying when you are trying to ascertain the contents of the site? Keep the pop-ups to a minimum to keep user frustrations also at a minimum.

5. Give people payment options. Limiting the way people can pay for your products or services will also limit the number of buyers. Be sure that people can pay with whatever method they choose, as easily as possible.

One final bonus tip: remember that people like to deal with people or businesses that they like, know, and trust. Do not treat your customers like strangers. Develop that relationship, build that trust and gain a loyal client.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

Secrets To Marketing Your Business

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marketing your business

Summer is over!

Okay, even though the season is not yet officially over, Labor Day always seems to signal that summer is now a thing of the past. Now that holidays are over and kids are back in school, everybody seems to be getting back to business.

And now that we’re back to business, it’s a good time to focus on how to properly market your business. Last year we created a video series that presented five proven strategies to market your business. These strategies include things like building your brand, networking, using social media, etc. As we march forward for the final third of the calendar year, take a few minutes to check out our videos and see if you are utilizing all of these marketing tools to your advantage.

Watch our video series here, or watch on YouTube.


Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

Improve Your Email Open Rates – Part 3

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improve email open rates

A lesson in effortless selling.

Today we are bringing you the final installment of our three-part series about how to improve your email open rates.

Why do we send emails? Let’s face it; we are sending emails for a reason. It might be to get people to click a link. Or, it might be to get your visitors to purchase a product. Regardless of the motivation, we write emails because we want people to take action of some kind.

Check out these final seven tips to help get conversions from your emails:

1. Be sure that you are never putting short-term gains ahead of the trust your readers have placed in you. It can be difficult enough to build credibility and trust online. Don’t risk damaging your reputation for a short-sighted goal.

2. People purchase products to solve a problem, not because it is the next shiny object. The easiest way to make sure that you are getting buyers is to focus on the solutions your product provides, not what your product is.

3. Whether we like to admit it or not, scarcity forces people to take action. Make sure your offer is time sensitive.

4. Use analytics to your advantage. Use them to learn the exact point when your audience is prepared to take action and then insert the link to your offer.

5. Don’t just insert one link in your copy. Insert multiple links at various points within your sales copy to increase the chances of converting the reader. Yes, it might be obvious, but it works!

6. Remember to ask! People are more likely to act on something if they are asked to do so, so include that as a call to action within your copy.

7. In the “old days” of ad mail, statistics proved that adding a P.S. to any sales letter increased the chances of getting a sale. Email is no different. Add a postscript to every sales email that you send out. This gives you another opportunity to insert a call to action or to remind them of the time sensitivity of the offer.

And there you have it…

Everybody is busy. Everybody receives tons of emails in their inbox on a daily basis. And when it comes to priorities, your email is at the bottom.

The tips that we have provided for you during this series may not resolve all of your problems, but we can guarantee that by implementing them you should drastically improve your click through rate.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

Improve Your Email Open Rates – Part 2

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writing engaging copy

Learn the secrets to writing engaging copy.

In our last post, we talked about the important role that the subject line plays in your email open rates.

But getting the subject line right is really only half the battle. It’s really just a few words, acting as a headline, to draw the attention of your audience. Now you have to provide interesting and engaging copy to your audience.  And that can be a lot more difficult!

Review these seven tips to help write engaging copy for your audience:

1. Be sure to keep your copy short. After all, this is an email, not an article or an e-book. If your engagement is suffering, heavily edit your copy. Less is more.

2. Write as though you are writing to a friend. Make your email personal and don’t be afraid to add some humor, if appropriate. Your readers want to interact with a human, after all.

3. Write your email as though you are writing directly to another person. Use the word “you”; it provides a powerful personal connection to your reader. Remember, your email should come across as a two-way conversation.

4. Write your email quickly. When you let the words flow, it helps your email come across as more natural and inviting. You can always edit once you have your ideas and your content written.

5. Don’t to follow a script. If you use the same technique with every email, your content comes across as staid and boring. Spice it up, and use emotive words.

6. Use different greetings. Write whatever comes naturally. Call people by their name, or use “hi” or “howdy”. Friendly greetings will create an immediate response from your reader. Avoid being mechanical.

7. Occasionally, write longer copy when you feel like it. It’s good practice and can help improve your sales. But remember, only do this open occasionally. Changing it up keeps your audience wondering what you’re going to offer next.

Until next time…

Are you ready to grow your business now? If you’re ready to take the next step and make your business more profitable, contact us today.

If you like the information you are receiving, please consider forwarding this post.

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