5 Questions For Optimizing Email Marketing

email marketing

Hard to believe, but email as a means of communication has been around for well over 20 years now.

Since the mid-1990s, people have been communicating with each other via cyberspace. In fact, a whole generation has grown up accustomed to this method of communication, as opposed to sending letters and messages in a physical format.

Oh yeah, there were growing pains!

Internet service providers came and went, various email providers came and went, but eventually electronic communications became the norm, overtaking the “old” traditional way of interacting.

And as marketing online became more and more accepted, email became a preferred way to reach out to prospects and clients.

In the early days of email marketing, it was kind of like the old West. Anyone with an email address was open to receiving unsolicited emails from any number of businesses. But as this method of advertising services and products became more and more common, boundaries and rules had to be established. Anti-spam legislation is now in place in most countries, and a new kind of business has evolved – the email service provider.

As businesses have turned more and more to email marketing, inboxes have become repositories of unwanted and unsolicited emails, not unlike “junk mail” of past times. Most of us in business are used to receiving dozens, if not hundreds, of emails each day.  The big question is, how do you ensure that your email is not lost among these emails, and how do you improve your open rates?

So, to optimize your email marketing, ask yourself the following five questions:
  • Why are users opening some of your emails more than others?   Do you find that some of your emails are being opened more than others? Most email service providers provide the opportunity to do A/B split testing for your email campaigns. What subject lines in treat more people to open? Is there a day of the week, or a time of the day that your recipients are more likely to open emails? Reviewing these types of questions can dramatically improve your open rate.
  • Will your target market understand and engage with your next email campaign?  When planning your email campaigns, make sure that you are providing something that is relevant to your target audience. Sometimes we can get caught up in what we want to tell our prospects and clients, rather than responding to their needs and desires. Make sure that when you are planning out your next email campaign that you are delivering something of value to the recipients. If necessary, split out your email list, based on specific messages relevant to subsets of your target market. The closer you get to solving a prospect or client’s problem, the more likely your email is to be opened and engaged with by your target audience.
  • What would users change about your emails if they could?  Are your prospects and clients satisfied with the emails that you are sending? Consider asking your email recipients to respond to a quick poll. Ask them if they like the content they are receiving, the format in which it is delivered, or the frequency with which they are receiving it. The key here is to give your recipients what they want.
  • Do your users receive emails from other companies in your industry?   It is highly likely that your clients and prospects are also being targeted by your competitors. Do your research. See what your competitors are sending and make sure that your emails are more engaging.
  • What do the users like and dislike about those emails?  Just like question 3, find out what your email recipients like and dislike about the emails that they are receiving from your competitors. If your competitors are successful at sending emails that are engaging a larger percentage of your list, you need to find out what they are doing. Discover their strategies for email marketing and see what you can implement to improve your own open and engagement 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.

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Know Your Competition!

know your competition

How Do You Measure Up To Your Competitors?

Who do your clients and prospects prefer?

Let’s face it… a free-enterprise based economy provides the environment for a number of businesses to exist within the same industry. Take a look at fast food hamburger joints as just one example. There are multiple choices, yet all of them have carved out their niche.

As entrepreneurs and business owners, we should not fear competition. Competition is what makes us focus our business on our specific target market, and drives us to do better for them.

As consumers of product, we are all familiar with what happens when a monopoly exists; often, we end up with higher prices and substandard service. And although we may dream of cornering the market in our given business sector, competition is healthy and keeps us always working to provide the best customer service and to keep current with trends and improvements within our industries.

Reviewing and improving our businesses is key to ensuring our long-term growth and sustainability.  Reaching out to your clients and prospects is the best way to gauge how your business is viewed.

The following seven questions should help you determine how you measure up to your competitors:

1. If your clients and prospects are familiar with other businesses providing the same products or services as yours, which do they prefer?

2. What is it that makes them prefer one company over the other?

3. What company do they believe does the better job of explaining the product or service offerings in a clear, concise way?

4. Which company does a better job of convincing the client or prospect to convert?

5. What is it that people like or dislike about your top competitor’s newest product or service?

6. What would convince them to switch to your company?

7. What is it that you are doing that might convince your current customers to switch to one of your competitors?

Keep this list handy and refer to it often. Consider polling your clients on these questions at least once a year to ensure that you are continuing to provide the types of products and services that keeps them in engaged with your company.

Competition is not the enemy; becoming complacent in your business, is!

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.

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Give ‘Em What They Deserve!

client experience

How do you take care of your clients and prospects?

There are many facets of running your own business that can be challenging. But one of the most important aspects is to ensure that you are giving a great client experience. After all, without customers you have no business.

You spend lots of time hiring the appropriate support staff, creating the perfect products and services for your ideal customers, developing and promoting your brand, etc.

However, the preparation is simply the prelude to the success of your business. Once you have laid the foundation, it is essential to capture and retain your market share in order to run a profitable business-and to stay in business!

Now, I do not believe in that old adage “the client is always right”. While the vast majority of your customers have reasonable expectations, you will always find the rarity who either believes they deserve special treatment, or will never be satisfied with what you provide no matter how hard you try. So don’t focus your time and energy on these few bad apples; instead focus on providing the best experience to the majority of your clients and you will have success.

There are three key ingredients that will help you define and deliver quality service to your clients, ensuring loyalty. Let’s break them out.

1. Provide good quality to your clients and prospects.

Okay, that’s easy to say, but what is good quality? The key factor here is for you to define what good quality means to you. How do you want your product or service to look and feel? What guarantees or warranties do you provide for your product or service? Do your employees represent you and your brand in a way that is consistent and matches your values? Do you have proper policies and procedures that are easy to understand and easy to follow?

2. Evaluate your products or services regularly.

The secret here is to continually monitor your product or service to ensure that you are delivering something of value to your clients. Consider sending an email survey to your clients on occasion, asking for feedback. Invite them to express comments or concerns they may have during delivery of your product or service. If you’re working on a project that has deliverables over time, evaluate each step of the process. Take the time to follow up personally with clients on a random basis. Make sure that you address any issues that are brought to your attention immediately. This doesn’t mean that you have to change your product or service, but ensure that the client feels that they have been heard and understands why things are done the way that they are.

3. Never underestimate the value of a testimonial or review.

Remember to ask your clients to share their experiences with your company. Nothing is as effective as a positive review or positive feedback on the experience you have provided to a client. Expressing why they prefer to do business with you, instead of one of your competitors, can be one of the most compelling reasons for new prospects to choose your business in the future. These reviews and testimonials can be provided by the written word, an audio file, or video testimonial. Think about making it a policy to send a follow-up email or make a follow-up phone call with each and every client, asking them about their experience with your business, and then asking for the testimonial. Be sure to get permission to share this information, and post it on your website, social media profiles, and any other appropriate place.

It truly doesn’t take that much effort to ensure that you are providing a quality experience for your clients. Following these three simple steps will help provide the foundation to build a client user experience policy that will give your customers that loving feeling and help you grow a successful business.

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.

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What Is Influencer Marketing?

influencer marketing

Are you taking advantage of influencer marketing?

Heck… do you even know what’s meant by that phrase?

We are bombarded every day with ads, and they hit us from everywhere; billboards, print media, buses, elevators, email, and the internet.

Yep, that’s a lot of money being spent every day to capture the attention of prospects. And more and more people aren’t trusting these ads.

So, how does a small or mid-sized business reach that sweet spot; the perfect balance of delivering your message while obtaining the most important, yet often elusive element of trust? Influencer marketing has the advantage of offering potentially huge benefits to the small business owner, at little to no cost.

What is influencer marketing?

The President of Word of Mouth Marketing Association, Suzanne Fanning, defines influencer marketing as the practice of contacting a small group of individuals to reach out to the rest of your prospects. The concept is that if you effectively reach ten percent of your prospective clients who know, like and trust you, they will spread the word to the other 90 percent on your behalf.

True, this is not a new concept, but has been largely overlooked by many business owners.

Influencer Marketing, simply put, is word-of-mouth. And we all know that a referral is the best kind of business you can obtain. To have someone who already trusts you, recommend you to their circle of influence, will provide you with more real business, not just ‘tire-kickers’.

Be smart about your marketing. Never assume that spending large amounts of money will reap huge rewards. Imagination, creativity, and demonstrating trustworthiness beats out a large advertising budget every time.

So don’t overspend on advertising. Yes, advertising is important, and yes, you will have to spend some money. But without a strategy, a budget and a workable plan, you will spend more than is necessary. And by introducing influencer marketing into the equation, you are inviting engagement.

Every single person you reach is a potential influencer. Therefore, make sure that you are participating in meaningful exchanges with everyone, and never overlook anyone. And don’t get hung up on how many followers or likes you have on social media platforms. The more important thing is the conversations and the engagement you are having with these folks.

Find out what people like about your products or services. How do they use them? A happy, satisfied customer is the best influencer available.

Consider a giveaway, such as a coupon or a sample, to encourage organic growth of your brand. Use humor when appropriate, and make sure your information is sharable. Deliver an authentic experience to every person who comes in your door or visits your website. By offering something of use to your target audience, you help build authority and trust, making it easier for them to do business with you or refer you to someone they know.  Gain valued advocates of your services or products.

As you can see, influencer marketing can be the most effective, yet least expensive, form of marketing. And it has proven itself to be the best way to grow a small business. In fact, according to a Nielsen report, 92 percent of men and women trust the advice given by friends and family over all other types of advertising. All you need to do is deliver products and services that result in happy customers, and ask them to reach out to their friends and family.

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.

Is Your Business Competitive?

recipe for success

We all know the recipe for success with your business.

You have to have a product or a service that people want, you have to have it priced appropriately, and you have to attract customers.

It goes without saying that you can have the absolute best product or service in the world, but without clients it simply doesn’t matter. Remember that eternal question? You know; the one that says “if a tree falls in the forest and is no one there to hear it, does it make a noise?”

Well, the same applies to your business.

In many cases, business owners focus on price. They or their team will research their competition and react to the cost of the service and product from their competitor to their end-user. There are many, many problems with competing for clients solely on price.

First of all, you probably don’t know your competitors cost of sales. If they are a privately held company, you have no way of knowing what their financial picture truly is. Are they operating a loss? Are they heavily in debt? Perhaps are offering a lower price but at the detriment to the long-term future of the company.

Another problem with competing solely on price is that you don’t know what your competitor is offering behind the scenes. Do they have any guarantees? What kind of support do they provide to the customer? And what, if anything, is included in the purchase price?

One of the biggest dangers of competing solely on price is that you erode the value of your product or service. If you price your product or service to low, it is perceived as having little to no value. And if you price your product extremely high and then offer discount after discount, it raises the question of your company’s integrity if you can afford to sell the product for so much less than your original price.

In order to be competitive in your niche, you have to provide value to your clients. And, of course, you have to ensure that your prospects know about the value that you provide.

Which of course, all comes back to marketing.

It is well known and well documented that people are willing to pay more for a service or product as long as they believe that they are receiving value for their investment. You don’t even have to have the best product or service, with all the bells and whistles. Customers are looking to do business with companies and with people that they can trust.

By making sure that your clients feel comfortable doing business with you, and that they believe that you will stand behind your product or service, you will stand head and shoulders above your competitors. Simply putting yourself in your clients’ shoes will go a long way to being authentic with your clients and prospects.

But the flip side of this is that people have to know how you treat your clients and prospects. They have to feel engaged and connected with you, your corporate vision, and your business morals and ethics. And this is where marketing comes in.

How do you communicate these critical components to your clients and prospects? Do you have a proper marketing strategy and structure in place? Do you follow through with your marketing plan? Do you obtain testimonials from satisfied customers, demonstrating that you can be trusted to do what you say you will do?

It doesn’t matter if economic times are tough or if you are flying high; the concepts and the principles remain the same continue to market your products and services and be sure to demonstrate your integrity and you will weather any storm.

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.

Why You Need To Network!

importance of networking

If you aren’t networking, you are losing ground!

The concept of networking can be intimidating to some people.  Indeed, many of us believe that networking can be difficult and time consuming.  It can be thought of as an unpleasant chore.

But think of it as a means to reach out and communicate with people you like.  Building your network in a genuine way not only provides the opportunity to interact with folks you share interests with, but also allows you to expand your reach and your circle of influence exponentially.

Frank Thomas and I discussed this issue on an episode of the Small Business Tips Show in late December last year.  You may have seen the webcast, but today we are offering the audio so you can ‘take it and go.’

Listen to our discussion about networking here, or connect to the podcast.

 

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.

What The Heck Is Elegant Simplicity, Again?

elegant simplicity

Elegant Simplicity – the podcast!

Today I want to share a podcast that is excerpted from a web broadcast recorded in November with Frank Thomas of the Small Business Tips Show.  I have previously shared the broadcast with you here, however, I know that many of you like the flexibility of listening to, or downloading, a podcast so you can listen in at your convenience.

Frank and I often get the inspirations for our shows through our conversations. It was during one of these discussions that Frank mentioned about how people tend to complicate things. I think you’ll agree that, way too often, we think that we have to add layers upon layers to our ideas, thoughts, products and services. But in so doing, we end up making things too complex and lose the interest of our intended audience.

In this podcast, we discuss the benefit of making it simple for your clients to interact with your business. Frank calls it ‘elegant simplicity’.

Join us and listen as we discuss how to accomplish this that for your business!

Listen here, or listen to the podcast:

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 Get More Clients – Part 1

get more clients

2015 is wrapping up,

and many small business owners are reviewing their successes and failures to see how to improve results for the next year.

The key, of course, to a successful business is finding – and keeping – clients. Everyone wants to know how to get more clients.

Recently, I had a discussion about getting more clients with Frank Thomas of the Small Business Tips show. In fact, we found that this subject was so involved that we actually made 2 shows. You may have seen the video here a few weeks ago, but we have also created a podcast of the presentation so you can “take it and go”.

Enjoy the discussion, here or connect to listen to the podcast!

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.

Crowdfunding: How To Make It Work!

Crowdfunding: How To Make It Work!

Today, let’s talk about crowdfunding.

I’m sure most, if not all of you are familiar with what crowdfunding is. Over the past few years, several sites have appeared, giving variety and choice to anyone looking to raise funds through the generosity of the public at large.

Simply put, crowdfunding consists of an idea that is posted on a crowdfunding site with the intention of raising funds through connections, connections of connections, and the public at large. Sounds simple, right?

In theory, yes it is. However, just like every other form of marketing, planning and appropriate strategy around the delivery of your project is crucial to your success or your failure.

I actually had a different topic plan for today, but was asked to check out a crowdfunding venture for a friend of mine on Indigogo. At first glance, the project seemed to have followed a plan for execution. But, unfortunately, I believe the project has executed itself before it really got off the ground. Read more

Getting More Clients – Part 2

Get more clients

Part 2 of getting more clients.

Last week, we shared part one of a video series that was recorded with Frank Thomas, host of the Small Business Tips Show. Today we continue with part two of this discussion about getting more clients – especially in a down economy.  This chat was live-streamed on October 15th.

As you know from a previous post, I was recently invited to co-host the Small Business Tips Show with Frank. Over the past several months we have recorded several podcasts and recently decided to add the element of video to our discussions. This gives the flexibility for interested parties to either listen to or download the podcast and simply listen to that, or to engage fully by watching the video. Read more

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