Archive for the ‘marketing’ Category

How to get people talking about your business…

Wednesday, June 10th, 2009

 

 

Visibility creates credibility !

Visibility creates credibility !

When there’s budget cuts, marketing and PR can seem like a frivolous option compared to rent and rates, but really if you’re not marketing your business and continually re-inforcing your message you run the risk of lessening your brand.

 

Note that I’m not talking here exclusively about advertising, rather a mix of advertising and other PR activities that don’t need to cost the earth. 

 

Building a strong brand isn’t an activity reserved for the big brands in this world any longer, small businesses can really see a return on investment for a bit of brand building.

 

How can you market your business effectively?  There are two questions you need to ask yourself…

1. Who’s my target customer (don’t say everyone) break this down into different stratas or types if you can, it will make this process easier for you.

2. Identify your message – or your USP ?  What’s different about your store ?

 

There’s lots of ways to market your business, local press, local radio, direct mail to your customer database, through your website, local events, online marketing, sponsorship and any other profile lifting activity you can think of… including the new social media that’s so much in the news at the moment.

 

PR which is a fancy name for giving information to journalists who might be interested enough to print your story is pretty much free if you do it yourself.  Ok, so you may not get into Vogue, but with a few well thought out press releases you should be able to get into your local magazines and newspaper.

 

PR really consists of building a strong relationship with local journalists so that when you have a story to tell you can get some good local coverage, you can build a relationship by being reliable, interesting and timely with your news.

 

Free editorial coverage is your goal here, and the old maxim visibility creates credibility should make this an activity worth considering… 

 

If you’re not sure where to start, download our free e-book – a crash course in PR from the e-book section & the sample press release template from the downloads section to help you on your way. 

 

PR has a reputation as one of those “black art” ideas, rather like web design, search engine optimisation or garages for women drivers, but once you know how it works it can be a real advantage in getting some great press coverage for your business

 

Remember : Visibility creates credibility !

 

 

Come on lets shake a tail feather…!

Wednesday, June 3rd, 2009

Let me see you shake a tail feather...

Let me see you shake a tail feather...

The definition of insanity, as someone much smarter than me once pointed out, is doing the same thing over and over again and expecting a different result !

From a retail point of view, having just been at Pulse, I’d say its not just adding a few new lines to your shop (although that can’t hurt ) its looking at your business differently.

What do you offer? Is it gift solutions, fashion advice, seasonal inspiration, what’s the message behind your storefront?

Is everyone clear what you offer, or have you all been doing it so long its kinda got lost in the ether…? Sometimes a quick refresher course is all it takes to recover the sparkle.

Sometimes you’ve got to act like the peacock to attract the customers…. The peacock displays his feathers to attract attention, but independent retailers seem to like to keep a low profile. A low profile isn’t really an asset (unless you’re a troubled pop star)

Visibility = credibility !

The benefits of some good local pr will astound you….

* Send some press releases into your local publications (details of how to do this are on the e-book – crash course in PR)

* Paint your shop front – really jazz it up

* Invest in some new shop fittings

* Have an open/preview evening and invite along the local press for a photo opportunity

* Start a club

* Update your monthly newsletter

There’s a gazillion things you can do to re-ignite your interest in your business, and show off your feathers and preen a bit, after all it works for peacocks.

So why shouldn’t a little harmless self promotion work for your business ?

Shameless self promotion…

Friday, May 29th, 2009

seminar-microphone
In the spirit of our marketing mantra for this year, which if you haven’t heard it is :

* Niche marketing
* Fabulous customer service
* Shameless self promotion.

Nice and simple, easy to follow, a three point plan for success in 2009.

Where was I? ah yes, We’ve never used this blog for our own ends, but in the light of my shameless self promotion edict, we wanted to let you know that Rachel will be a guest seminar speaker at Pulse this weekend, Sunday 31st to be exact.

Rachel is speaking from 1pm - 2pm and the topic will be : Successfully promoting yourself and your business in 2009.

More specifically, how to attract and use PR to your advantage on a limited budget.

How to create a buzz around your business.

Why all the rules for marketing are different this year.

We’re still writing it, so you can be sure it’ll be bang up to date !

If you’re not going to be at Pulse, don’t worry we’ll make the seminar slides available on the site from Monday so you can download them at your convenience…

In the meantime, have a fabulous weekend….

What’s your signature…?

Friday, May 15th, 2009
What's your signature...?

What's your signature...?

Every job bears the signature of the person that did it !

Oooh a scary thought this one ! When you come to think about it, every job you do bears your signature…. whether its emptying the bins, putting descriptions to images on your website, or employing people.

So, the real question behind this one, is do you think other people notice what you do and how you do it? The answer is of course, nine times out of ten a resounding yes !

If you gossip about customers behind their backs
If you don’t pay attention to what people are saying
If you argue with a customer instead of delighting them
If you hide behind email
If you blur the truth a little
If you network to get not to give
If you do as little as you can get away with…

Then the customers already know who you are, because what you say is only 20% of the picture, what you do is the other 80%.

Its easy to say stuff, not so easy to do stuff…… but its what you do that makes you who you are……

What’s your signature ?

What’re your staff’s signatures like?

What’s your shop signature ?

Still not twittering…?

Monday, May 11th, 2009
Still not twittering...?

Still not twittering...?

Twitter, (and other social media are doing) are changing all the rules of advertising and marketing. This is going on under our noses, and we’re now in the era of conversational marketing. You hadn’t noticed ? Prepare yourself because this is a huge shift in the way things work, and the implications are massive for all of us !

The internet and social media have changed the way we discuss corporate brands and reputations. Yelp allows us to rate and review local businesses we frequent, Facebook allows us to connect with friends and family and share our interests and our shoe addictions, and Twitter is the destination for any shred of emotion we want to share with our network !

Consumers are figuring out that they get better information and support from being networked to each other than to companies. In short they turn to each other for advice.

The good news for businesses is that we are apparently allowed into their conversations. More and more companies are building MySpace pages, launching facebook profiles or setting up Twitter accounts for customer support. They are finding that the corporate voice of “we have something to tell you” doesn’t work on these mediums, instead a new conversational marketing language is what works on the new media.

A recent survey of Twitterers, asked about their top reasons for using the platform stated the top two as:

• I find it exciting to learn new things from people
• I value getting information in a timely manner

Having lots of people follow them was not a high priority for them.

So, from a consumer’s viewpoint, the new social media redress the balance between consumer and faceless large company, or even faceless small company. Retailers are using Twitter to engage with customers, both for customer service issues and to get feedback and dialogue with customers – almost a market research perspective. Not, interestingly enough – for selling, or at least not exclusively.

Seth Godin, the world famous marketer said that marketing is the act of telling stories about the things we make, do or create – stories that sell and more importantly today perhaps in our virtual world – stories that spread !

From a business or marketers perspective, engaging in Twitter allows you to be in the loop and also to hear what is being said about you and your brand, which gives you an opportunity either to learn from what you hear or to respond. If someone was bad mouthing your business wouldn’t you want to be able to defend yourself?

Aside from information and protecting a brand, Twitter also allows you to build a following that you can tweet to - letting them know about your business, your personality and what you have going on…. for free - in effect its free advertising, all it costs is your time and you can join the conversation !

If you are finding your tweets a bit much to handle, check out tweet deck, it’ll manage them for you and enable you to keep chirruping !

Is your business on the map?

Friday, May 1st, 2009
Is your business on the map?

Is your business on the map?

Even if you don’t have a website, read on because this is important for your business. More and more often now customers are searching online for answers to their questions or solutions to their problems. So the biggest determinant to whether or not they walk through your doorway is not your location, but whether or not they can find you on line when they are searching…..

I used to look at searches for my shops and vaguely wonder how to come up in the results, or why we weren’t in the results, but now I have the answer, and its really really easy !

Google has recently announced its IP-based local search results. So make sure that your business can be easily found by going to the Google local business centre and entering your details. It’s as simple as that….!

Ensure that your business can be found by anyone searching online by simply showing up in the searches on Google Maps by using Google’s Local Business Center — it’s FREE!

Start by visiting the Local Business Center, and supply your business information. You will then be able to upload photos, specify categories, payment options and business hours and much more.

Google Links:
Google Maps:
http://www.maps.google.co.uk/

Local business center
http://www.google.co.uk/local/add/businessCenter

Peterborough example:

Peterborough giftshop

http://www.google.co.uk/search?hl=en&q=peterborough+gift+shops&meta=&rlz=1W1GEUA_en-GB&aq=f&oq=

Searching under giftshops and Peterborough brings up my shop, sadly at J position, but if I’d known about this earlier we could have been much higher…

Another thing to do here, is when the search results come up, if you scroll down through the entries you’ll find lots of review sites. If you enter your details in their lists and directories as well, you’ll come up even higher. This will probably take you an hour or so to complete, but its free and if it brings your shop to the listings on page one of the Google search engine – then it’s a safe bet that its worthwhile!

While you’re at it, check out your Google profile at http://www.google.com/profiles and make sure that that’s updated too…..

There’s lots of routes to Rome, so make sure you’re leaving some signposts !

Why we’ve got to break the rules…!

Wednesday, April 1st, 2009
Create some buzz

Create some buzz

We’re all under constant pressure to conform. From our earliest days we want to fit in. We want to be liked at school and with our friends. We don’t want to stand out. We’re told to work hard, to get a “proper job”, to do what we’re told and somehow it will all be ok…?

And now, as business owners we’re supposed to do what everyone else does… panic, bed in, and hope for the best, or the swift passing of this recession – Inshallah ! But there’s a problem with this way of thinking…. and the problem is that it takes the locus of control away from us…

Successful entrepreneurs and business owners refuse to conform because conforming means doing what everyone else does. Its clear that many businesses will struggle in the year ahead, and if we do what they’re doing then we’ll struggle too. As the old saying goes, “if you keep doing what you’ve always done, you’ll keep getting what you’ve always got”. The rather more well known version goes – “the definition of insanity is doing the same thing over and over again and expecting a different result” So, we must be different, we must do things differently…. So what can we do?

Firstly, don’t cut our marketing and advertising (unless you know its not working) Look for ways to attract customers at a low cost. I’m a big believer in marketing, especially when we don’t have any spare dosh for advertising – Marketing is just a fancy term for being creative in everything you do that promotes your business, and for a very small outlay you can generate some very positive publicity for your business. How can you get people talking about your business? After all referrals are the cheapest and most reliable way to bring in new business.

Secondly, don’t buy into the belief that people aren’t spending money. While it’s clear that consumers decision making process on how to spend money has changed, if you understand the sales process and the value proposition you can position your business as the first choice for your customers.

The third idea is Implementation – try things, better a good plan today than a great plan tomorrow! Don’t wait until everything is just so, just jump in and have a go! This is a perfect time to try things you’ve always thought about doing…. So loyalty cards, birthday clubs, open evenings, workshops, fashion cafes…. Whatever you go with, the only requisite is that we take action, remember, nodding is fun to do, but largely ineffective.

Finally, whatever you do, don’t conform to the countries negative mindset. There is a comfort in joining in the whole recession conversation, but just as you choose what to wear in the morning, you can choose your mental outlook.
Don’t ignore the recession and pretend its not there in a tra la la la la kind of way, but just don’t act from a mindset of fear, make the changes that need to be made from the mindset of focus and determination. This is really the time to market yourself shamelessly- Have some fun with your marketing – really push the boat out, get everyone together and think of the stories and possibilities around your business.

While we’re talking about money, its worth remembering that the same amount of money still moves around every day, regardless of whether the stock market is up or down, and regardless of whether house prices go up or down, it’s still moving. Whenever there’s a segment that’s going through a down cycle, there’s a segment going through an up cycle. So, bearing this in mind, how could you position yourself and your business to be in the position to receive some of this flowing money?

Which are the media that your target customers read, which places do they go to? Which organisations do they belong to? How creative can you be in getting a potential list of new customers together? Check out the library, the post office, online forums, local centres and community opportunities.

Once you’ve found them, how can you communicate to them in a way that resonates with them, on twitter, facebook, by email, by post, by poster, by banner, an invitation, a declaration, a modification ? – What’s going to work best for your potential customers?

The only limit is how creative you can be – Remember there’s no prizes for conforming ! Give yourself a big target ( It’ll be easier to hit )- So for April, why not make it your goal to create some buzz around your business – with the end goal of converting some buzz into business (sales) and have some fun doing it.

10 Ways to Increase Your Margins Without Working 23 Hours a Day!

Friday, March 20th, 2009

tick tock, tick tock - Don't work around the clock !

tick tock, tick tock - Don't work around the clock !

1. Audit your costs: Review your outgoings and incoming revenue. This will highlight any costs that seem particularly high and any parts of the business where your revenue has dropped. Have key customers stopped spending, or could you get more creative with some of your costs - such as advertising?

2. Streamline your running costs. Could you cut your utility bills by turning off all electrical equipment every evening or making sure your heating system is energy efficient? Get everyone involved with this, and make it a game, who can save the most money ! Have a chart up on the wall, with the winner so far !

3. Assess your staff bill. If you have surplus staff for the work available, look for ways to reduce staff costs. Ask employees if they might be open to voluntary measures, such as reduced hours or pay. Take legal advice if considering changing employees’ terms and conditions. Basically, this will have to come from you, no member of staff is going to walk up to you and say “I’ve noticed we’re not as busy, so I could work less time, or take overtime as time off in lieu, to help you out here ” Not going to happen, so seize the bull by the horns - Not pleasant, but necessary !

4. Improve your purchasing. Assess the costs of your stock. Are any of your suppliers having special offers, creating buying groups or generally acting responsibly to help retailers? Could you reduce costs without making your products less desirable. Review your utility providers - there are a lot of gains to be made by comparing tariffs from different energy companies.

5. Reduce your stock. Consider whether you can cut back on the level of stock you hold. Can you get hold of or manufacture items quickly enough to satisfy customer orders without having goods sitting in storage for long periods? Aim to keep just enough stock to service your customers’ needs. If you look at the multiple retailers, I’d estimate they’ve cut their stock levels by around 30% this year - you only have to look at the store layouts to see this in action.

6. Look for growth opportunities. With competitors potentially falling by the wayside, look for ways to take advantage and expand into different parts of the market. Can you start that website you’ve been talking about for ages, run a workshop, have an open evening, team up with the local college?

7. Protect your marketing spend. Cost-cutting is key during a downturn, but continuing to spend on marketing is vital to attract and retain customers. Focus your marketing efforts on your most profitable customers and cost out your advertising and marketing. Calculate how much revenue you need to make for your advertising spend to be worthwhile. Remember there’s a key difference between advertising and marketing - if you have no money for advertising, make sure you’re still marketing yourself well !

8. Boost staff productivity. Home and work worries can make employees less productive during a recession. Try to increase morale by offering low-cost incentives, such as monthly vouchers for the best performing sales person. Keep employees informed about what’s going on in your business if you can, without scaring them ! Promote team spirit - xxxx shop team against the recession - Recession busting ideas from the team !

9. Loyalty schemes - Re-look at any schemes you may have in place, or be thinking about putting in place - Loyalty schemes breed just that - loyalty, and if you’re fighting for customers, this will bring them to your door, and make them come to your shop first ! It doesn’t have to be expensive to run, a few vouchers are usually all it takes, ie spend £100 and get a £10 voucher, which is going to cost you around £3.50 / £4 so its not going to break the bank.

10. Use social media to communicate with your customers - Its cheap and effective and ensures you maintain a presence in the market, even if you have little money for advertising - start a blog, twitter about your shop, or update your newsletter with recession beating tips for your customers.