What Does the Facebook Announcement Mean to Your Business?

Facebook, Press & Accolades, Smart Strategy, Social Media

What Does the Facebook Announcement Mean to Your Business?

No Comments 24 September 2011

On Thursday, Facebook announced major changes to the platform that we all know – and hardly love. Through the wonders of modern technology (thank you, C Spire), I watched the entire presentation through streaming video, from my car, while Andy drove. An hour or so latFacebook Like Buttoner, my summary and comments went to the media in the following statement. To begin what will certainly be a lengthy discussion on this blog of the money-making possibilities for a variety of businesses with the new Facebook platform, I wanted to share this release with you.

 

Chapman Comments on Facebook Overhaul

September 22, 2011 – Today, changes were announced in the last few hours by Facebook CEO Mark Zuckerburg. Below is a summary and extemporaneous comments from The Gibbes Company’s Director of New Media Marianna Chapman.

Today, Facebook announced major changes that in the words of their CEO Mark Zuckerburg will “reinvent industries.”
Among those that will be transformed by today’s announcement are music, video, media, and businesses selling lifestyle brands, products or experiences… that’s a pretty broad range of reinvention!

Facebook’s announcement today centered around two major changes and a third change that I believe is the most transformational of all for business. Today’s announcement will forever change the way that life is shared and how content spreads virally throughout the social web.

Most importantly for business, I believe, is the introduction of “verbs” to the open graph. Last year, Facebook introduced nouns to the open graph, allowing users to “like” a variety of people, places, things, experiences, etc. Many businesses have experienced the benefit of the “like” button as it has driven personal preferences for brands, products and experiences virally over the past year.

Now, verbs are added. Developers will be able to add any verb they wish to the open graph and insert those reactions into the open graph in a variety of ways. For example, the possibilities include the addition of a “want,” “ate,” “cooked,” “read,” “listened” or “watched” buttons that operate similarly to the current “like” button. For business purposes, this allows marketers to personalize more specifically how users engage with products, brands and experiences in a way that boosts social sharing – and thus the exponential power of their marketing machine when used strategically.

Beyond this development, two major interface changes were announced.

Beginning immediately for developers in beta format, and then rolling out to all users over the next few weeks, Facebook will introduce the Facebook Timeline. The Facebook Timeline will entirely replace the current personal Profile for Facebook users. Facebook calls this Profile replacement a way to present the “story of your life.” This new format looks to me a lot like a “Tumblr style” blog presentation of all the various types of experiences in your life including photos, videos, wall posts and comments, travel, and interactions with all of life among other things.

Next, canvas apps will allow for “frictionless experiences” with apps, and therefore products, brands and experiences, on Facebook. Think of it like the demise of the pop-up box and the birth of more real-time web-based social sharing… That’s a mouthful! But the interface looks fantastic, and the development options for business are mind-boggling. Facebook will immediately introduce music, video and news apps with the launch of Timeline.

These Facebook developments present a fundamental leap forward in the power of Facebook for viral marketing as well as the overall power of social sharing on the greater web.

 

Want to talk about this more?

Contact me directly at mchapman at gibbes dot net, or let’s chat in the comments. I welcome your thoughts and this discussion is just getting started to be sure!

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The Shocking Truth about Online Video

Marketing, Measuring Marketing, New Media, Smart Strategy, Social Media, Video and YouTube, Viral Marketing

The Shocking Truth about Online Video

2 Comments 15 August 2011

It’s time to consider using video to market your business. It doesn’t matter what size business you have, video is now an affordable and most importantly, effective, tool that can improve sales significantly. The following statistics about marketing with online video using video sharing sites should make you think twice about ignoring this powerful marketing tool:

“Video in email marketing increases click-through rates by 96%.” – Implix 2010 Email Marketing Trends Survey

“Press releases that include video components receive 500% increase in views.” – Eloqua, April 2010

I found these stats over on Pixability’s web site that say that sites with video receive…

  • 30% more clicks
  • 18% more calls
  • 30% more store visits
  • 24% more purchases than those without video

In July 2011, a Pew Research Center study said that 71% of adults watch online video like YouTube or Vimeo videos. According to this study, rural and minority Internet users are no less likely to watch online video than suburban or city dwellers. Men and women are also equally likely to use video-sharing sites. Also of interest, parents use video-sharing sites more than non-parents. Some 81% of parents in the Pew study reported using video-sharing sites compared to 61% of the non-parents.

Mobile use is on the rise, too… It seems that 34% of cell phone users in the United States have shot video with their phone, 26% have watched video on their phone and 22% have posted videos or photos online… all from their mobile phone.

YouTube viewership has grown from 8 million views a day at the end of 2005 to 3 billion views a day in 2011, according to YouTube.

All of this on the heels of Forrester Research’s stunning announcement in 2009 stating “You are 53x more likely to appear on Page 1 of Google’s search results if you have video on your web site.”

Now. That is shocking.

Why aren’t you using video in your marketing? What is holding you back? Ask your questions or share your roadblocks, and I’ll try to answer your questions in future posts on this blog.

Photo Credit: Mike Jennings

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Twitter vs. Facebook: What’s the Best Choice for Small Businesses?

Facebook, Small Business, Small Business Marketing, Social Media, Twitter

Twitter vs. Facebook: What’s the Best Choice for Small Businesses?

2 Comments 13 January 2011

Choosing one social network over another might seem like a toss-up for small business owners. What does it matter which one you use, as long as your business is online? You’re interacting, you’re building a network, so you’re accomplishing your online marketing goals, right?

Well, maybe. But with a little insight you can not only make better decisions about which social network(s) to put time and effort into, you can also learn how to use them more effectively. That means more results in less time, and that’s a good thing for anyone in the hectic world of running a small business.

What Are Your Goals?

(If you don’t know, check out this recent post on how to set your goals – and follow our series on marketing planning.)

What do you want to accomplish with your social networking? If your first answer is “to create an online presence,” well, that’s a good starting point. But what do you want to do with that online presence? Do you want to connect with customers? Get feedback? Build a mailing list? Generate leads? Sell your products and services online? Get people to your blog or website? Collect customer information? Interact with your most loyal customers? Get word-of-mouth spreading via the online networks?

Certainly it would be nice to accomplish all of those things with social networking, and over time you can get close to achieving all. In fact, most of those goals are spin-offs; achieve one, such as spreading word-of-mouth, and you’re automatically achieving another, such as generating sales leads.

But goal achieving isn’t automatic. While any online presence is better than none, a smart small business will make savvy use of the Internet and those vast resources.

Facebook vs. Twitter: A Few Surprises

Facebook is the online giant, bigger than Google now, with 78% of all social networking traffic belonging to Facebook, That’s great news for you, when you set up your Facebook Business Page. And Twitter, with only 5% of the social networking traffic, is a much, much smaller piece of the pie. But traffic isn’t the only thing that matters; you not only need people to visit you (on Facebook or Twitter) you also need them to respond, to interact, to follow through, to take you up on those great offers. And while Facebook, the social giant, gets an average of 3 clicks per link posted, Twitter users get a much higher response: an average of 19 clickthroughs for each embedded link. That’s a huge difference!

How to Be Savvy

Now before you go delete your Facebook page and focus all your time and attention on Twitter, take a moment. Facebook and Twitter are vastly different social networks, and if you’re smart, you’ll use both – in a partnership – and reap the benefits of both. Here are a few key differences:

Facebook reaches a bigger audience, but Twitter reaches a more targeted audience. So it’s going to take longer to get noticed on Facebook, but there’s huge potential once that happens. Once you do cross an attention threshold with Facebook, your audience is almost unlimited. So realize that you’ll have to invest more time into building up your Facebook page, but that the investment can pay off in big numbers.

Twitter is very of-the-moment, but Facebook makes browsing easier. Although the new Twitter interface makes it easier to look back at the history of a particular user, it’s a different atmosphere. Twitter users want to be in the moment, so if they miss your first link or mention, they might not go back and find it. With Facebook, however, when a user visits your page they get all your latest information right there in one spot, and responding to older posts or information is easier and more common. Use Twitter to tweet and retweet relevant news, information, links, updates, deals, and ongoing items of interest, and use Facebook to interact on a deeper level with your customers and fans.

Image by 10ch.

Sources:
Entrepreneur Magazine
SocialTwist Sharing Trends Report

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How to Promote Your Holiday Specials Online

Blogging, Branding, Event Marketing, Marketing, Small Business, Small Business Marketing, Small Retail Business, Social Media, Twitter

How to Promote Your Holiday Specials Online

No Comments 22 December 2010

Improve Your Holiday Sales by Promoting your Holiday Sales Online

In this day of increasing e-commerce importance, Black Friday is now only half of the post-Thanksgiving shopping megathon. Cyber Monday is the other half, just one more (strong) indication that the masses aren’t just shopping in-store anymore. They are, most definitely, shopping online. As we near the Christmas deadline, the shopping averse, busy mommy in me has once again found myself leaning on e-commerce… With that in mind, I send my annual encouragement to make this the year that you enjoy the increased profits possible from delving into the online world of e-commerce sales…

It’s easier than ever before: You can attract the online shopping crowd even if you’re not selling online by promoting your holiday specials via your website, blog, Facebook page, and/or Twitter account. Any presence you have online is a great opportunity to let the crowds – local and beyond – about your holiday specials.

Do a Little Decorating

Customize your website, blog, or Facebook page with a little Christmas décor. Add a graphic or two, or simply put a big “Happy Holidays” or other seasonal greeting front and center where all the visitors will see it.

Tell Them Where to Go

Put up a graphic, tab, or link on the navigation bar to direct your online visitors to your holiday specials. If you’re using Facebook, you can add a special tab designated as “Holiday Deals” or anything along that line. You can even make that tab the default-landing page for the holiday shopping season.

Talk About It

Have a blog? Put up a post each day describing one of your holiday specials, your great product, your discounts, and why what you’re offering will be the perfect gift. Get customer testimonials and put them on your blog, website, and Facebook page.

Use Twitter

Be sure to promote your holiday specials with your Twitter account. Use Twitter hash tags like #holidayshopping, #holidaydeals, #cyberweek, #shopping, and #deals. Offer good deals and great products, and make sure people know about them.

Take notes and don’t let another year go by without having online shopping options for your business. These same ideas translate nicely to Valentine’s Day, Easter, Mother’s & Father’s Day, etc. – so get out there and grow your business with online sales options!

Image by Medmoiselle T.

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Four Retail Strategies: Make More Retail Dollars with Holiday Specials

Advertising, Customer Retention, Facebook, Retail, Small Business, Small Business Marketing, Small Retail Business, Social Media, Twitter

Four Retail Strategies: Make More Retail Dollars with Holiday Specials

1 Comment 21 December 2010

The busiest time of the year for most retail businesses starts with the dawn of November. As you reflect on 2010′s holiday season, there’s never a better time to plan for next year.

Next year, when the official busy season rolls around again, you’ll be ready. There’s a lot you can do to boost your retail sales beyond playing Christmas music and hanging a few lights in the windows. While creating a festive atmosphere is always a smart move, creating holiday specials, which keep customers coming back, is an even smarter move. (For other holiday marketing ideas, check out these posts.)

Holiday specials are not a new idea. Local business owners have been creating seasonal menus, gift baskets, packages, and holding special sales and getting good results from these seasonal strategies. But incorporating a few new ideas into your holiday specials this year could help you boost your sales even in a slow economy. Remember that people are still going to be shopping for gifts; they’re just going to be a little choosier than usual with tighter budgets. That’s where your holiday specials come into the picture.

Strategy 1: Create Holiday Specials for Every Price Point

Marketing research is showing that shoppers enjoy having options. A lot of options. (Read Chris Anderson’s fascinating book at www.longtail.com, for a discussion of this research.) So give your shoppers plenty of options by creating not just one or two holiday specials or packages, but 5 or 6… or 10… or 12. If you’re a higher-end establishment, go ahead and offer a higher price point selection of holiday specials; but expand into a lower price point and offer options there as well.

Use the same principle if you tend to sell more items at a lower cost; offer several lower cost options, but offer some higher price point selections as well. Create multiple displays throughout your brick and mortar store. You want your customers to be seeing this amazing selection – and the great prices and products you’re offering – several times as they move through your retail space.

Strategy 2: Create Limited Availability Holiday Specials

Have you ever thought about why people love seasonal specials? Because they’re only here for a limited time. Think about candy corn; is it really that great? And if it were available all year ’round, would people ever get very excited about it? But people do, because it’s only around for a short time out of the year. That limited availability makes the product more desirable and more valuable.

Use that limited availability concept with your holiday specials. If you’re a retail establishment, you could create several custom, one-of-a-kind gift baskets; once each one is gone, it’s simply gone. Or offer a great deal on a special product, but only through the next week. Don’t feel like you have to extend your holiday specials all the way through the holiday season. Instead, create value by placing time limits or quantity limits on particular specials.

Strategy 3: Introduce New Specials Through the Holiday Season

This strategy works hand-in-hand with the concept of limited availability specials. As you phase out one holiday special, phase in another. Not only will the limited availability increase the perceived value of each special, but your customers will want to keep coming back to see what’s new this week. Remember: shoppers enjoy options. They also enjoy the feeling that they’re getting an “insider’s” special.

Strategy 4: Collect Customer Information with Each Holiday Sale

Let your customers be insiders by offering to keep them informed about new, exclusive holiday specials as they become available. Collect customer names and contact information with each sale, and make the offer as well to customers who aren’t yet making a purchase. They can still sign up to be on the list and find out about new specials.

If you’re planning to hold a special holiday event (such as an open house or one-day sale), then this list is your first step in the marketing for the event. Send out an exclusive invitation to those folks on your holiday list, inviting them in an hour or two before the general public. They get to enjoy a privileged shopping time, you get to interact and build relationships. It’s fun for everyone.

Strategy 5: Promote Holiday Specials via Website, Facebook, and Twitter

Whatever presence you have online should be part of your holiday marketing. Put up notices about your holiday specials, big and bold, on your website’s front page. Send out an email to all your online subscribers. Send out regular updates via your Facebook and/or Twitter accounts, letting your customers know about new holiday shipments, specials, coupons, events, deals, and so on.

Ask for feedback, too. What kind of holiday specials are your customers looking for? Ask specific questions (“What’s the best Christmas present you ever received?”) and interact with those who respond. Have an online contest or giveaway, with the prize being one of your holiday exclusive specials.

Remember that you have to give shopper a reason to choose your product, your store; over the other options they have available. Using some creativity with your holiday specials can create a powerful appeal, and offer value to both your customers and your business.

Image by Sister72.

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Twitter 101 for Small Business: 3 Rules for Twitter Success

Restaurant & Food Service, Restaurant Marketing, Retail, Small Business, Small Retail Business, Smart Strategy, Social Media, Twitter

Twitter 101 for Small Business: 3 Rules for Twitter Success

2 Comments 14 December 2010

Twitter can be a powerful marketing and outreach tool for small, brick-and-mortar business. You can reach out to and engage with your local market, and you can also reach further than your local boundaries. But you’ve got to start with a few basics if you want Twitter to promote your business rather than just take up your time! Most Twitter “failure” comes from just not knowing a few basics, and then getting lost in the question of “Okay, now what?”

There are three basic rules of Twitter business use; and these rules define the purpose of your tweeting. Every tweet you send out should accomplish one of these three purposes: to entertain, to educate, or to engage.

Rule 1: Tweet to Entertain

You already know your potential Twitter audience has lots of choices, so don’t bore them with mundane items like “Just drank my 3rd cup of coffee” or “really bored today.” They’re looking for something new, interesting, something they don’t already know or can’t easily find out for themselves.
For example, if you’re a chef or restaurant owner, you can provide endless entertainment by giving people an “insider view” of the kitchen. (Here are more restaurant marketing ideas.) Think about all the reality TV shows, cook-off shows, and celebrity chefs out there; people are nuts about knowing what really happens inside a commercial kitchen. Remember, this stuff may seem mundane to you because you live it every day, but for the average person, this is intriguing, different, and thus, entertaining.

Examples:
“Just cracked 142 eggs for the batter for our fried fish.”
“I’m slicing up the fresh tuna just flown in… will be the chef’s special tonight!”
“Making up 3 gallons of hot fudge sauce for our dessert special.”
“Lettuce just arrived from the produce market; half of it is bad, going to have to redo the night’s menu.”

Rule 2: Tweet to Educate

Think about what the average guy doesn’t know about your business, product, service, or specialty that you do know. Tweet about what you have expertise in; remember, it may be day-to-day stuff for you, but it’s new, interesting, informative, and educational for folks who don’t work and live this subject daily. Get into the educational aspect of your business; maybe you’re a retail shop owner (more retail ideas here), a restaurant owner, or a service-based business. You might not think of yourself as an educator (education-based marketing is a winning strategy), but take time to think about how you would train a new employee, or explain a process to a new contractor. What do people find fascinating about your business? What expertise do you have? Break that knowledge down into bite-sized pieces, and you’ve got educational Twitter material just waiting to be shared.

Examples:
“Just got in a new shipment of linen skirts. Linen is one of the most durable materials out there! Always wash it in cold water for longest life.”
“Picked up some great heirloom tomatoes from the local farmer’s market today. Check the market out – they’re open every Saturday.”
“Best time of year to put a new coat of paint on your home’s exterior is fall. Anybody know why?”

Rule 3: Tweet to Engage

One of the biggest things people fail to use on Twitter is the question mark. Ask questions; lots of questions. And when you see questions related to your topic, answer them! Ask for input, ask for opinions, ask for help. And be ready to offer your professional input, expert opinion, and help whenever you can via Twitter interaction. Answering a question or responding to a direct message on Twitter only takes a few seconds, but it can gain you a fan who will share that information with all their friends… and so on it goes that leads to sales.

Examples:
“Which new dessert should we add? Vanilla bean cheesecake or apple crumble with caramel sauce?”
“Having an open house at the store for Halloween; Anybody know a great bluegrass band for hire?”
“What’s your favorite fall clothing item? Boots, sweaters, scarf, something else?”

Don’t waste other people’s time; stick with tweets that entertain or educate or engage (or all three, even better) and you’ll be using Twitter successfully to build, promote, and expand your local business.

Photo By: Spencer E. Holtaway

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Use Twitter to Stay in Touch with Customers

Restaurant & Food Service, Small Business Marketing, Social Media, Twitter

Use Twitter to Stay in Touch with Customers

No Comments 13 September 2010

How to Twitter (and signage) to stay in touch with customers and prospects.

Want a free, easy way to keep customers “in the loop?” Use Twitter to connect – even with so-called – “non-Twitterers.”

1. Create a Twitter account for your business. (Want to know more about how to do this for optimum success? Check out our webinar.)

2. At every point of contact, let folks know to TEXT/SMS message: “Follow YourTwitterHandle” to 40404. That’s no quotes, the word FOLLOW,  a single space, then YOUR twitter handle. For example, if you were to follow me, you would text Follow ResultsRev to 40404.

3. Tweet out the insider info you’ve promised and it’ll get delivered, free of charge, straight to your customers and prospects cell phones.

I mean, what if the sign in this picture above instead said:

Shop Local. Text 40404

Follow MisterTAwards

It’s that easy… there’s really nothing else required of your customer or prospect AT ALL.

What are some other points of contact (besides exterior signage or billboards) where you can tell folks how to do this?

  • Events – handouts, signage or verbal instructions
  • Bag stuffers in your store
  • Check presenters in your restaurant
  • Point of sale signage
  • E-mail marketing, web site graphics, posts on your Facebook wall

There are endless opportunities – don’t miss them! This is a marketing tip that really is THAT easy…

Photo Credit: Seven_Null7

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About Marianna Chapman

For the past 15 years, Marianna Chapman has been creating game-changing big ideas resulting in big returns for dozens of businesses and communities across the U.S.

Today, Marianna and her team help business and non-profit clients at Big Idea Company, Inc., writes the Results Revolution blog, serves as Executive Editor for Eat Cities, LLC media outlets, and is a frequent speaker to national and regional conferences.

Marianna is a professional problem solver and rainmaker for hire.

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Entrepreneur.com
American Express OPENforum
MSN Business on Main
Return on Behavior magazine
SnapRetail
NFIB.com
Mississippi Business Journal
Greater Jackson Business
Clarion Ledger

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