Twitter has over 50 million visits each month. In January of 2009, in the US alone, over 14.8 billion online videos were watched. (http://www.kenburbary.com) Data from istrategylabs.com indicates that the 35-54 year old demographic on Facebook is the fastest growing group of new users, with a growth rate of over 276% in the last six months. During the same time, the 55+ demographic has seen nearly a 195% increase, and the 25-34 year old demographic is doubling every six months. (http://www.istrategylabs.com/2009-facebook-demographs-and-statistics-report-276-growth-in-35-54-year/old/users)
So, why should you, as a small business owner care about the Twits and Facebookers?
So, why should you, as a small business owner care about the Twits and Facebookers?
The power of the internet is amazing and is growing exponentially - in the blink of an eye.
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1. Now is the time to position yourself as an online resource.
Traditional advertising is becoming passé, and people are looking not to be ‘sold’ as much as have their problems solved. Becoming a well of information for your customers positions your business as an entity there to help, not just sell.
Consider this example: As most product information can be found on the internet, by the time people enter a retailer to make a major purchase, they have typically done at least 3 months of research and already know the bottom-line-price, warranty information, safety statistics, comparable products and service needs.
Companies should position themselves as a resource by not only providing price and product information, but becoming a proactive assistant to their buyers. For example, an auto dealer could perhaps offer an online tutorial of how to change a flat tire, or a checklist of winter safety items to pack for kids heading off to college; an appliance store could have an online stain-removal guide or free downloadable college kids cookbook of simple recipes that require minimal ingredients and short preparation times. Possibilities are endless!
2. Position yourself as a leader in your industry and your community.
Consider this example: As most product information can be found on the internet, by the time people enter a retailer to make a major purchase, they have typically done at least 3 months of research and already know the bottom-line-price, warranty information, safety statistics, comparable products and service needs.
Companies should position themselves as a resource by not only providing price and product information, but becoming a proactive assistant to their buyers. For example, an auto dealer could perhaps offer an online tutorial of how to change a flat tire, or a checklist of winter safety items to pack for kids heading off to college; an appliance store could have an online stain-removal guide or free downloadable college kids cookbook of simple recipes that require minimal ingredients and short preparation times. Possibilities are endless!
2. Position yourself as a leader in your industry and your community.
Social Media is still a relatively new phenomenon in the Midwest. We have let our friends on each coast set the trend and this one stuck and is only growing. By becoming involved early, your business looks like a trendsetter, and when your demographic starts joining Twitter, or searches you on Facebook, and you’re there and already established, it shows that you are forward-thinking. Imagine the frustration of scouring the phone book for your business number, and not finding it listed! The internet is already the phone book for generations X, Y and next – make sure you’re listed in their ‘phonebook.’
3. Early players have access to the most desirable ‘names,’ so the earlier claim your web space, the better!
3. Early players have access to the most desirable ‘names,’ so the earlier claim your web space, the better!
If you own Zyskowski-Johnstone Feed-n-Bait, you may be able to wait a while before someone else scoops up your business name. However, if you are in Minnesota, and you market social media (for example) SocialMediaMN or any combination thereof, may be scarce these days. Get in early and claim your space! Even if you aren’t ready to jump into the Social Media pool just yet, that’s okay. Get your name registered until you’re ready to roll – that way it’s there, it’s yours and it’s unique!
4. Social Media is accessible.
4. Social Media is accessible.
How-to articles and books abound both online and at your local bookseller. Most are written in layman’s terms and are free of the scary techie speak that was so prevalent in the early years of the internet. Most of the applications used are on a WYSIWYG format, or (What You See Is What You Get) and as easy to use as a Windows or Apple program.
5. Social Media is :::wait for it::: FREE!
5. Social Media is :::wait for it::: FREE!
Well, mostly free, as you will need to make a time investment into your Social Media program. However the majority of the platforms that you could choose for your business Social Media are delivered to your customer’s homes, offices, favorite coffee shops, libraries, at no cost to you. Imagine! You can target market your customers – hand pick them by the thousands – for free.
6. Social Media is global.
6. Social Media is global.
A specialty business in Des Moines my have just the exact piece needed to round out the perfect collection, but no one in Tulsa carries that model. By becoming involved in Social Media (and the key word here is involved) you are able to reach niche markets previously unattainable, in seconds. One retailer I work with was able to help a customer halfway across the country, by connecting her with someone to answer her specific questions when her local resources were unavailable.
7. Social Media is immediate.
We all know how customers share their experiences with their circles of influence. Customer Service 101 stuff. But in the Twitter era, even standing in line at Starbucks can become newsworthy (or at least tweet-worthy). What does this mean for your business? Everything! A customer with an issue can and will spread the word about your service throughout their social networks, and those people can all respond, comment and add their experiences as well. All, in a matter of seconds. On the flipside, a customer such as the woman mentioned above will share her positive experiences likewise. What we learned about happy vs. unhappy customers no longer holds true – happy, neutral or unhappy, it’s all shared. So capitalize on positives.
8. Capitalize on positives and have your customers spread the word.
8. Capitalize on positives and have your customers spread the word.
What if your business offered a special for every customer that mentioned your name or your specific product on Social Media? That is very possible and often accomplished quite successfully on Twitter. As we speak, customers are “Re-Tweeting” a link to some savvy business’s special offer. Each “RT” spreads from one social network to another like wildfire. If the right offer is made, the results will be extraordinary.
9. You will know if your efforts are successful or not, where, when, and to whom.
Unlike hit-or-miss mass mailers of the past with the traditional 1-10% response rate, coupons, messages, etc. can be targeted to specific demographic groups with the ease of a button click. One client has a Facebook ad targeted to both males and females, single and married, with a high school education or more, aged 25+ and that are not already connected to the business on Facebook. Micro-target your business to the people that are already listening and already interested. Then make great use of the multitudes of analytics (also FREE) that are already out there to determine the best approach for your business.
10. Know what’s being said about your business – and your competition’s!
Tools are available for you to log on – even with out an account – and see who is saying what about whom. On Twitter, on can literally, in a matter of seconds, target every single person that used a key word unique to your business. For example, one could read tweets from people within a 5 mile radius of Zip Code 55104 that used the word “quilting” from August 15, 2009 to October 27, 2009. You get the picture. It’s huge, it’s powerful, and it’s out there.
There is only one downside to becoming involved in web-based marketing. Outdated websites, dusty blogs and unanswered tweets just sitting out there in cyberspace for the world to see make your business look, well, not so good… So whether you choose to start out small or go whole hog, once you begin, make sure you continue your program.
The web is not getting any smaller and ignoring it won’t make it go away. It’s never to late to get involved in Social Media, but the sooner you choose to become a part of this amazing, powerful and free marketing resource, the sooner you’ll be ahead of the curve, and likely ahead of your competition as well. Happy Selling!
If you need assistance getting started, or just want some personal attention to decide the best Social Media forums for your business, the good news is that help is available! With the global (Reason #6) nature of the internet, help is just a click away, regardless of your geographic location. HarkHerold.com offers an array of Social Media services, including set up, maintenance and promotion of online accounts. ©HarkHerold.com, 2009
9. You will know if your efforts are successful or not, where, when, and to whom.
Unlike hit-or-miss mass mailers of the past with the traditional 1-10% response rate, coupons, messages, etc. can be targeted to specific demographic groups with the ease of a button click. One client has a Facebook ad targeted to both males and females, single and married, with a high school education or more, aged 25+ and that are not already connected to the business on Facebook. Micro-target your business to the people that are already listening and already interested. Then make great use of the multitudes of analytics (also FREE) that are already out there to determine the best approach for your business.
10. Know what’s being said about your business – and your competition’s!
Tools are available for you to log on – even with out an account – and see who is saying what about whom. On Twitter, on can literally, in a matter of seconds, target every single person that used a key word unique to your business. For example, one could read tweets from people within a 5 mile radius of Zip Code 55104 that used the word “quilting” from August 15, 2009 to October 27, 2009. You get the picture. It’s huge, it’s powerful, and it’s out there.
There is only one downside to becoming involved in web-based marketing. Outdated websites, dusty blogs and unanswered tweets just sitting out there in cyberspace for the world to see make your business look, well, not so good… So whether you choose to start out small or go whole hog, once you begin, make sure you continue your program.
The web is not getting any smaller and ignoring it won’t make it go away. It’s never to late to get involved in Social Media, but the sooner you choose to become a part of this amazing, powerful and free marketing resource, the sooner you’ll be ahead of the curve, and likely ahead of your competition as well. Happy Selling!
If you need assistance getting started, or just want some personal attention to decide the best Social Media forums for your business, the good news is that help is available! With the global (Reason #6) nature of the internet, help is just a click away, regardless of your geographic location. HarkHerold.com offers an array of Social Media services, including set up, maintenance and promotion of online accounts. ©HarkHerold.com, 2009
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