Posts Tagged ‘marketing’

Google me business cards…

Sunday, August 9th, 2009

Just Google me...

Just Google me...

I love this simplistic business card from designer Ji Lee the creative director of Google Creative Lab in NY.

Its simply the coolest card i’ve seen.

Which got me thinking… what would you have to do to be the first person or business that came up with your name in a google search - answers on a postcard please.

OK, so as the creative director of Google creatives Ji was probably already in the running, but for us ordinary folk, what would we have to do to stand out?

Build a website, maintain a blog, win an award, court some publicity?

I’m guessing some kind of mix of all of those, but wouldn’t it be fabulous to simply hand this out at your business card - assuming of course that there’s nothing on the world wide web that you’d mind your customers seeing…?

Trying to work something out ?

Tuesday, July 21st, 2009

What's the missing piece...?

What's the missing piece...?

I don’t know if you’ve been watching the recent spate of recession busting retail programmes that have hit the TV channels recently? They range from Sainsbury’s wondering how to do it better, to Mary’s upping the game for charity retailing (and taking some stick for it, although she did a great job !) undercover boss, and now onto Gerry’s big decision….

The last one is my favourite because it deals with family businesses, the kind that most of us run, and they’re fraught with all kinds of problems that bigger or more devolved businesses don’t face, partly because there’s not so much emotion involved in being employed in someone else’s business, or at least that’s how it appears to me.

Gerry deals pretty much exclusively with family businesses, and as far as I can tell he’s looking for strong leadership, or at least the potential for it. But the programme does seem to discount the work of the founders in making award winning pastries, beers or holidays – this seems to get glossed over in favour of sales, sales and more sales…. Don’t get me wrong, I don’t think any business would turn down more sales its just that the passion for the product is what creates the business. The sales follow on from that….

Which brings me to my next musing…. How do you keep the passion ? How do you keep learning so that your business stays interesting ? How do you keep from going slightly bonkers when the sales go down?

It seems to me that the best way would be to swap businesses for a day with another business owner – because its always easier to see the “faults” or should we say opportunities for development in other businesses than it is in your own….

It’s a radical idea, and maybe a bit uncomfortable, but how about if instead of swapping businesses, you just swapped knowledge ? Maybe you have sales skills that you could teach your neighbour who has marketing or accounting skills?

As long as you agree the boundaries before you start – play nice, no abuse and no hard feelings…. It could work, and you’ll certainly get a fresh perspective on your business, maybe it’ll show you the missing piece of the puzzle… and for free !

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 !

 

 

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.