In his book “Free,” Chris Anderson (Twitter link) talks about the power of the digital economy to minimize the cost of producing and distributing a product to the public. We’ve all seen and participated in examples of this, whether it’s from using a free e-mail service like Google to downloading free e-books or getting free apps for our phones. Free is nice.

For retailers dealing in tangible items, though, how does the low cost, and ensuing “freeness” of many digital products matter? You’ve still working in terms of concrete stuff: food, clothes, gift items, raw materials to be transformed or tangible lines to be distributed. The good news is that you can still take advantage of free, using it in terms of your own business to attract new customers, retain loyal customers, build sales, and build your business – all with digital content that costs you next to nothing to create and distribute.

A blog is one of the easiest ways to create and give free digital content. It doesn’t have to cost you anything to set up a blog; you can invest in a professional design and hosting service, and at some point you might need to, but getting started can be as simple as setting up a free blog on one of the many web services. After the initial set-up, the cost for you is in terms of time. You need to put the time in to create 1 – 3 posts every week, on a regular basis. These posts are your freebie; they’re informative, valuable, helpful, and, of course, somehow related to your business.

One step up from blog posts are digital products such as e-books and e-newsletters. Both, again, can be produced for only the cost of your time. You can easily create an e-newsletter weekly or monthly and mail it out to your email list of customers who want to hear from you. Make sure the articles you include in your e-newsletter are informative, valuable, helpful, and somehow related to your business. Even though you’re giving this content away free, if it becomes irrelevant, then it moves into the “spam” category.

An e-book can be a collection of the blog posts and e-newsletters you’ve produced, or it can be new content entirely. You can format an e-book in an office program, convert it to a .pdf file, and offer it as a free download on your website, blog, and Facebook page. Here are a few examples:

A restaurant owner could offer an e-book that contained any or all of the following:

• A recipe collection
• Ideas for entertaining
• Cooking tips
• A “day in the life of a restaurant” story
• Ideas for creating restaurant-worthy menus
• Ideas for cooking at home
• Tips on using fresh, seasonal food
• Essays about cooking/eating green
• Essays about food/eating in general
• Tips on any food-related specialty topic (spices, herbs, growing your own veggies, ethnic cooking, desserts, etc.)

A retail storeowner could offer an e-book that related to its products in some way, as the following:

• A style manual for spring/summer/fall/winter
• An up-to-the-minute clothing & fashion trend tip list
• Advice on putting a great wardrobe together
• Help on dressing for your body/personal style
• Tips for wearing accessories
• Profiles of fashionable people
• Great gift ideas for men
• Great gift ideas for women
• Tips on hosting a great party
• Ideas for fun dinner parties
• Ideas for family activities

The list is endless, and limited only in how much time you can give to producing the content. Of course, if you’re thinking “I am not a writer,” then look to your staff for someone who is. You can often find a willing volunteer, someone who can dedicate some portion of their working hours to helping create and promote these digital products.

As you create the digital freebies, of course, you want to let your customers know about them. Facebook and Twitter, flyers in your store, e-mail sign-up sheets at the counter, and some simple training so that all of your employees promote your digital freebies by word-of-mouth. Every customer who walks into your store should know about the great e-book they can get (free!) or e-newsletter they can sign up to receive (free!) or regularly updated blog they can follow (free!).

Every digital freebie you distribute builds your reputation and strengthens your connection with your customers; and, since digital is so easy to share, it gets passed along from one network to another, extending your reach well past where you can go with a print mailing or newspaper ad. It’s cheap for you and free for them, so everybody wins.
Image by Ken Hawkins

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Note: I got an e-mail a while back that challenged me on my inclusion of an Amazon link in one of my e-mail campaigns. This and the following post (and probably a few more beyond that into the future) will be my long-considered answer to the seeming “crisis” presenting itself to local brick-and-mortars… the invasion of big boxes and big-box style on-line competition. Here’s my first stab at how small businesses can beat Goliath.

Small businesses face a double challenge in the new economy; not only are we in the midst of recession like times, with everybody tightening belts and spending less, we’re also transitioning from store-front shopping on Main Street to isolated shopping via the Internet. Location is not the factor it used to be in shopping choices; anyone with Internet access (which seems to be practically everyone) can shop at any store online. The options have opened up, and for the most part, consumers seem to love the choices.

Locally owned small businesses can thrive in the new economy – and love it – but it requires a different approach. When your competition expands from being the other small retail shop two streets over to being the biggest national box stores plus the on-line retailers… it’s time to think of a new angle.

Independent bookstores are a good example, because the ones that have survived and thrive despite competition from Amazon.com have learned to work the new economic angle successfully.

The angle is this: you must create your own niche position and dominate it in order to compete with huge brands and online options.

It’s not enough to be an average bookstore, or an average retail shop, or an average restaurant. When customers have limitless options, average is not going to bring them back.

But you can bring them back.

Niche Examples from Independent Bookstores

An article in the New York Times highlighted how the niche angle has helped independent bookstores to survive. “Being a specialty store gave us something that would distinguish us,” said Alan Beatts, owner of Borderlands, which focuses on science fiction. “We are serving a special demographic, and we receive customer loyalty in return” For a locally owned bookstore, a niche could include

• Selling signed first edition books (and holding regular author events)
• Selling, trading, and assisting customers in rare books
• Covering niche topics (stocking and special-ordering specialized books, magazines, newspapers, and trade journals)
• Establishing expert status in book-related topics or specialized topics
• Engaging an active online community and having stellar e-commerce options

So, if you’re a bookstore, a retail store, a service-oriented business, or a restaurant, how can you find your niche, establish yourself in it, and thrive in this new economy?

“It’s entirely possible that you will choose a niche that’s too small. It’s much more likely you’ll shoot for something too big and become overwhelmed. When in doubt, overwhelm a small niche.” -Seth Godin, business & marketing expert.

Want more ideas from the local book store angle? Here’s a post from USA Today on a similar subject showcasing ways that small local brick and mortar bookstores are competing with the Kindle, Nook and similar book technology…

Image by ReneS.

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Maybe you just made the newspaper or a local magazine – or better – you just got interviewed for a major trade publication, the Wall Street Journal or a mainstream lifestyle slick. Maybe a prominent blogger is going to blog about you – or feature you in an upcoming e-newsletter. Maybe you think you’ve thought of something so smart that an influential person tweets about your article, stuff or activities…

These days, publicity comes in all shapes and sizes – but one thing is the same. It will give you a boom. The boom will be short-lived if you’re not prepared to leverage it into long-term sales for your small business. Here are a couple of tips that will help you leverage publicity into long-term growth for your local business.

Get ready for the traffic on your web site.

This seems obvious, but you really should actively prepare to capture customers as a result of the publicity, especially on your small business web site.

1. Make sure an e-mail list signup form (that is short and simple) is strategically located at the top right hand side of all of your web site pages or posts. This will help you grow your e-mail list.

2. Make sure your social media profiles are apparent at the top and bottom of each page or post on your web site, so that folks can connect with you there.

3. Make sure there is fresh and relevant content and that all contact information, forms, store hours, and directions are up to date.

4. Make sure that your web site has the ability to be SHARED so that when people get to your site, they can – with a single click – share your business with 1300 of their closest *cough* *ahem* Facebook friends…. or Twitter followers or other social media connections. We recommend the ShareThis button at the top and bottom of each page or post on your web site.

5. Similarly, install the Facebook LIKE button at the top of each page or post on your web site, so that with a single click and half a thought, your web content or article can be posted to their Facebook Wall and their friends’ newsfeeds. This exposes you to their friends.

6. Finally, install the TweetMeme’s Retweet button at the top of each page or post on your web site. This button not only allows the sharing feature on Twitter, but it allows YOU the measurement to see who shared your content – so you can thank them and otherwise engage them via Twitter.

Prepare to leverage the publicity on social media.

Social media is where you will turn the publicity into a boom for yourself. Often media in and of themselves are not a direct connector. But the power of your network mixing with theirs can really work magic. Here are a few things you can do to stir that pot:

1. Tweet with the news writers and folks in the media on a regular basis (that means, ideally, BEFORE the story hits). When they post a story about your business or referencing you or your business in any way, use all available methods to THANK them for their kind words. Tag them on Facebook, and tweet out a thanks to them.

2. Do the equivalent of the “reprint.” Re-publish the news at least twice – maybe three times after it happens. Facebook and Twitter news cycles are short these days, so posting an article Wednesday morning and Thursday afternoon are likely to expose your story to a different group of folks. If you have over 1500 fans or followers, you should also post the story again later at night (between 8 p.m. and 11 p.m.) as well.

3. When you post, drive the traffic to the story via your web site.

How does this all turn readers or viewers or listeners into sales? Again, as in the first edition of Leveraging the Boom: Turn Events into Sales the goal is to make new connections – to capture contacts that you can turn into relationships and then keep as customers for a long and profitable lifetime value of the customer. It’s about short-term tactics that lead to marathon relationships and long-term growth and profitability.

What say you? How have you turned publicity into sales?

Photo Credit: Eivind Z. Molvær

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Chatting with my BFF the other day about how best to convince small business owners and restaurateurs that online marketing was worth paying money for. The conversation went something like this:

Me: Well, I dunno… perhaps that over a year ago 63% of all American consumers across every demographic looked online first before making a brick and mortar buying decision. Most of the folks we’re talking to are targeting a higher end demographic, and it’s a year later, so that number has to be much higher………

BFF: I didn’t ask you why they should be online. I’m talking about how to convince them within their existing worldview why this is worth spending money on.

Me: The money is online.

BFF: But are they going to see value in spending money online?

Me: (insert scream of frustration)

It’s seriously this bad. In small businesses and restaurants and boutique hotels across America, folks have their heads stuck in the proverbial sand.

I hear things like the following:

“I know we’ve got to do it, but I just don’t have time.”

“I just don’t see the value in it.”

“Well, I just spent $90,000 on new merchandise, so that website upgrade to allow me to make my own frequent updates to my website…that sounds good, but it will have to wait until next year… I just don’t have the money for that right now.”

“Well, I’m in a contract with the local lifestyle magazine, and I’m running some cable advertisements and sales have been really down lately, so I just don’t have the money to invest in online. I know it would work, but I just can’t afford it right now.”

How about this, Mr. small business owner? What if you could spend half per month what you spend for an ad in the local lifestyle magazine, and you could track feedback, gain market intelligence – and oh yeah, sell more stuff and know that it was a direct result of this marketing effort? Would you do it?

Would you spend the same amount if you could get that kind of measurable results?

If you wouldn’t – then why are you in business? Because it seems like you’re only there to support the dinosaurs. As for me, I’m going to stay in business by selling more stuff. Online.

Photo Credit: blakeimeson

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