Showing posts with label Marketing and Advertising. Show all posts
Showing posts with label Marketing and Advertising. Show all posts

Wednesday, March 20, 2013

Who needs technology? Part one of three

Small Business Administration Awards Luncheon
Computers. Smartphones. Tablets. High-speed Internet. WiFi. These game changers continue to transform the world of business in general, and hold special promise to enable Small Businesses to compete at a level unimaginable even five years ago.

Ironically, as more Small Business owners, operators and employees become more computer- and technology-literate, we are discovering that... nobody is really interested in technology. Seriously: nobody cares. 

Unlike the early days of "the consumer Internet", noone talks about what kind of chip their computer runs on, or how fast it is. People are still using Windows XP, and even the poor souls who got stuck with Windows Vista pre-installed on their PCs have stopped complaining about it. The smallest of Small Businesses are now confidently buying iMacs and Macbooks, and naturally expect to either build their work network with them, or integrate them with whatever systems they already have without too much of an effort.

Tablets have pretty much replaced laptops as the portable computing solution of choice. More people are accessing the Internet using their Smartphones, the "iPhone vs. Android" religious war has subsided to a brokered peaceful co-existence, and it appears even Microsoft finally has a credible threat with it's latest Windows Phone offerings.

iPhone vs Android
iPhone vs Android (Photo credit: nrkbeta)
So it's not that noone cares about technology: it's that the focus is no longer on the technology, but on the benefit of using the technology. Texting isn't just for kids: it's a way to document your informal business communication, followup on one conversation while in a meeting or a conversation with someone else.

Facebook presents opportunities to expose your brand to tens of thousands of people on a shoestring budget, control your company's image and shape its brand message. Twitter enables Small Business to craft real-time marketing campaigns, leverage location-based demographic data and identify the "long tail" sweet spot that makes up its niche market.

Businesses being more "tech savvy" doesn't mean that they now speak like geeks, but that they think like CEOs instead of peddlers. Businesses in all industries, of all sizes, have the power to increase productivity and profitability while actually decreasing the effort and activity required to get things done. Technology provides no magic bullet solutions, which is we see fewer tech pros like myself boasting of "functions and features", and now focusing on "benefits and strategic advantages".

Everybody has an email address. Nearly everyone has a smartphone now (or should!). Small Businesses have become quite tech savvy... but have technology professionals become more business savvy? We'll examine that in part two.

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Wednesday, February 09, 2011

Top Ten Reasons Small Businesses Fail - part three

Marketing

A handful of business cards and a no-frills website are no longer a sufficient Small Business marketing strategy.

The word "marketing" typically brings to mind expensive media campaigns, billboards and the services of highly-paid advertising firms. Clearly many Small Businesses have neither the time nor the resources (money, personnel, expertise) to take this approach to marketing, but that doesn't let them off the hook.

Many Small Business owners and operators either have prepared a business plan, or know that they should. But many are completely unaware of the the need to prepare a marketing plan. New clients won't find you just because you want their business, and even existing customers and clients would benefit from an understanding of your full range of goods or services, and a constant reminder that they are available.

Small Business entrepreneurs and "solopreneurs" are quite busy, especially in today's economy. It's easy to consider a marketing strategy a "nice-to-have", rather than a "need-to-have" element of doing business. But consider this: why do well-known, successful corporations spend millions of dollars each year on marketing? Even though we are already familiar with the coffee shops, fast food restaurants and supermarkets we do business with, they still expend a lot of energy reminding us of their brands, their offerings and the overall "feel" of their products and establishments.

Marketing is not advertising, although advertising is a component. Advertising is about what goods or services you offer, price and availability. According to Wikipedia, "Marketing is used to identify the customer, to satisfy the customer, and to keep the customer." While Small Businesses may not have the budgets of large corporations, they have a greater need to focus on acquiring new customers, and retaining existing ones.

McDonald's or Walmart can survive a considerable decrease in clientele (not that they would enjoy it). For a Small Business, losing even a few clients can spell disaster. Since they don't enjoy the regional or national visibility of major firms, they cannot depend on product or brand recognition that brings in customers at random.

Look to as many free or low-cost resources as possible to promote your business and market your offerings. Social media, such as twitter, Facebook, LinkedIn and such are not just for kids: they can provide a range of exposure once available only via television or radio advertisements. Low-cost "real world" techniques, such as focused flyer distribution, bulletin boards and well-designed business cards are not to be overlooked.

Email marketing sites such as ConstantContact.com and  MailChimp.com are a hidden treasure: MailChimp allows you to create mailing lists of up to 2,000 addresses, and send up to 6,000 messages each month. With templates, autoresponders and video tutorials available, it's a secret weapon I recommend as an indispensable Small Business marketing resource.

You still need a strategy, which requires more detail than can be provided in a blog post. These tips, however, can help point you in the right direction:

  • Determine the focus of your offering
  • Identify the value proposition to the customer
  • Maintain a consistent message
  • Develop a memorable catchphrase or tagline

Remember: marketing is about the impression you make in the mind of the existing or potential client or customer. Business is about relationships - marketing is the conversation.

Series inspired by "Top Ten Reasons Why Small Businesses Fail" by: Connie Holt, E.A. cholt@henssler.com
The Henssler Financial Group Position Paper
© 2004 The Henssler Financial Group | www.henssler.com

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