Plan for the New Economy with the Niche Model

Attitude and Success, Customer Retention, Local Business Marketing, Main Street, Main Street & Small Business Web Sites, Restaurant Marketing, Retail, Small Business, Small Business Marketing, Small Retail Business, Success in this Economy, Web Sites

Plan for the New Economy with the Niche Model

1 Comment 03 March 2011

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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Be Findable by Local Shoppers… or Die.

Customer Demographics, Customer Retention, Getting Results, New Media, publicity, Ratings & Review Sites, Strategic Plan, Web Sites, Yelp

Be Findable by Local Shoppers… or Die.

4 Comments 10 February 2011

One easy way locally owned business can get themselves on the map (literally) is by soliciting customer reviews for your business on geographically based review sites. Review sites are usually very large conglomerates with individual mini-sites for each geographic location. Often they’re divided by state or region, and then subdivided by city or township within that region. The bottom line in this uber-web-based world in which we live is simply this: If your business can’t be found through a quick web search – you’re business is going to die.

Use Geo-Based Review Sites to Grow Your Business

What’s great about these websites is that they allow brand-new customers to find you – and want to try your business out – when they may have known nothing about you before. These new customers are online searching for your type of business in your area; if you’ve set up your profile and garnered some reviews on any of these sites, they’re likely to run across your business. Suddenly they not only know you exist, what you do, and where you’re located, they also get to find out what your customers think about you by reading the reviews.

So how do you get into this action? It’s pretty simple.

Step 1: Focus on the major review sites.

The most important local review site is the home of the “red pin” – Google Places, formerly known as Google Local. Other review sites include the following:

There are more, but if you get set up on at least a few of these major websites, your information will get picked up by the other sites as well.

Step 2: “Claim” your business and/or set up your profile.

Once you’re at the website, search for your business. You may find it already listed; if so, you’ll see an option to claim the business or add updated information. Fill in all the information you can: physical address, phone number, email address, Internet information (email, website, blog, Facebook, Twitter), store hours, specialties, owner’s name, history. Some sites will give you more room than others. Some will also allow you to post pictures; I highly recommend that you post a few photos of the outside of the store, inside of the store and a sampling of available products.

If you don’t find your business, you’ll simply have to start the profile or information from scratch. Follow the same principle as above by including as much information as possible on each site. Remember, the more information you have, the more you will show up in search results and the easier it will be for people to find you.

Step 3: Ask for reviews.

The most important part of a business profile on one of these review sites is, of course, the customer reviews. So start asking for reviews. When your best customers come in to your business, make it a point to personally ask them to go online and submit a brief review to ONE of the review sites. Don’t ask them to submit reviews to more than one; that’s simply too much and too complicated, and most customers (even the ones who love you) won’t respond. All you have to do is say something like, “We’ve just set up our profile at CitySearch.com, and we’re trying to get some reviews up. If you have a moment when you get home, would you mind sharing about your experiences here? You’re one of our best customers, and we’d really appreciate new customers getting a chance to hear from you.”

Then hand each customer a card with the information printed on it, so they won’t forget when they get back home.

That’s it! The whole process is simple and can really make a huge difference in helping new customers find you, so get it started now and see what results you’re getting in a few months.

Image: dbking.

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Evernote: A Small Business Blogging & Organization Tool

Recommendations, Web Sites

Evernote: A Small Business Blogging & Organization Tool

3 Comments 18 November 2010

Evernote is a great technology tool that can be especially helpful with organizing your small business ideas, blog posts, e-mail marketing content, etc. It’s been around a little while, but it’s uses seem to only grow while it gets easier and easier to utilize – so I hope you’ll use it to organize your small business marketing as much I have in mine.

Evernote was built as a multi-purpose, multi-platform tool to help folks save their ideas, photos, and notes in one place and access it from anywhere – and I mean anywhere. Evernote works with nearly every type of computer, phone and mobile device out there (including Android, iPhone, iPads, Mac and PC, etc.)

It’s really easy to use, and most notably, I’ve discovered that it’s made my blogging and business life a lot more organized since I started using it. And that’s why I want to share it with you today.

Small Business Uses for Evernote

I’m always emphasizing that small business owners should create content for the web as much as possible and create it on their own real estate as much as possible – using outposts like Facebook and Twitter to drive traffic back to the mothership, so to speak (YOUR web site, YOUR blog, YOUR e-mail list, etc.). But creating all of that content can sometimes be burdensome. Don’t you hate it when you think of a great idea for a blog post or an e-mail campaign – and you even snap a couple of photos with your mobile phone – only to get busy and forget about the idea or the photo or both until it’s become old news?

Lost opportunities equal lost income in our small business lives, and Evernote is a great solution to help you consolidate all of those ideas into one place, organize them by topic and easily access what you inputted on your phone from any Internet connected computer to be converted into that all-important blog post, web site update or e-mail marketing send.

Here is just one example of how a retail storeowner might use Evernote to make their business blogging easier:

As a retail storeowner, a great blog post idea is to share ideas on HOW to use the products that you sell. Consider a home interiors, gift or decor store seeking to market their products at Christmas. As you decorate the store or re-arrange merchandise, use Evernote to snap a photo of a decorating or gift idea right there in your store, then attach a short note to it explaining the idea and tag it in Evernote as “blog idea, Christmas 2010.” All of this can be done from your smart phone. Maybe later that same day you visit a customer’s home to deliver that fully decorated Christmas tree that they ordered – or you attend a holiday party and notice the decorations are amazing. Snap photos, write a note about how to use YOUR products in this everyday setting and tag them accordingly so you can easily find them later.

Then, when you’re ready to sit down and blog later that night or the next morning, simply login to your Evernote account from your desktop or laptop computer, and you’ll discover all of the photos and notes you made from your phone earlier are ready to access from your computer with blog posts already half-written because you jotted down those simple notes.

Time to Setup YOUR Evernote Account

Now it’s your turn. I’d encourage you to go setup your FREE Evernote account on your computer and go ahead and add the Web Clipperso that you can save ideas easily into Evernote that you find on the Internet. Then add it to your phone, and get started right away collecting marketing content, business ideas, to-do lists, and much, much more. It took me a total of 10 minutes to get all of the Evernote entry points setup on my computer, phone and web browser.

Evernote has great video tutorials, a helpful blog and many other resources available to help you make the most of their really easy-to-use tool – and did I mention that it’s free??

Happy Evernote-ing.

Disclosure: I have not relationship with Evernote and will receive NO financial incentive for writing this post. That means that I really like this tool and am thrilled to share it with you.

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Leveraging the Boom Part TWO: Turning Publicity into Sales

E-mail Marketing, Facebook, Getting Results, Main Street & Small Business Web Sites, Marketing, Measuring Marketing, New Media, Small Business, Small Business Marketing, Social Media, Twitter, Web Sites

Leveraging the Boom Part TWO: Turning Publicity into Sales

No Comments 26 August 2010

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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Dear Agency: Don’t Forget the Web Site Address

Advertising, Branding, Cause Related Marketing, Community & Small Business Branding, Marketing, Marketing Mistakes, Measuring Marketing, Small Business, Small Business Marketing, Smart Strategy, Web Sites

Dear Agency: Don’t Forget the Web Site Address

No Comments 19 August 2010

Dear Traditional Advertising Agency:

Reference: See my previous post about the three key elements of a brand.

Leaving your client’s web site URL off of their print advertising does the following harm to your client and it wastes all of their money:

1. This mistake gives you nor your client any way to measure the value of the print advertising by tracking incoming traffic to the web site.

2. This mistake leaves the reader (and potential business prospect) with no real actionable place to go to learn more without making a phone call. (In 2010, we just need a URL. Period.)

3. Worst of all, this mistake leaves the impression that your client is behind the times and isn’t worth considering for important business.

Instead of allowing this sort of image torture to happen for your client, I would recommend that if you insist on pushing print advertising into your client’s budget that you at least implement the following strategies to give the ad spending the best shot at giving a return on investment:

1. Build a vanity URL (www.clientname.com/magazinename).

2. On this specific web page (within your main web site), put valuable, advertisement specific copy, images and links to a wealth of business information, testimonials, and include another call to action to the prospect into your sales funnel deeper. (How about asking them some information about them or providing them with a valuable tool for free to grow their loyalty towards your client’s business?)

3. Put a call to action in the print ad that answers the “What’s in it for me?” question for the prospect and lures them to the vanity URL you created earlier.

4. Collect the data about who visits the page including geography, what else they look at on the site, what information is working and not working and conversion to next step or other actions within your sales funnel.

5. Help your client make adjustments in their process based on this new business intelligence.

Sound simple? Well, it really is pretty simple. No matter how complex the business model, a simple strategy like this followed through to the end (with measurement and continuous improvement) will show your value to your customer as an advertising professional.

There are a million ways to kick that idea up another notch, but for now, let’s start with getting that URL onto the advertisement in the first place and having a web site that’s ready to accept traffic. That’s the first step to building credibility and brand legitimacy in 2010.

Thanks for listening.

Sincerely,
Marianna

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How to Give Better PR

Marketing, Marketing Mistakes, publicity, Small Business, Small Business Marketing, Web Sites

How to Give Better PR

1 Comment 17 August 2010

Andy and I work with several media outlets – both traditional and new media outlets – to help them “do it better.”

There’s a lot that media can do “better” these days. Here are few ideas that come to mind immediately:

1. Connect & engage with consumers/readers/viewers/listeners better.

2. Provide better value to advertisers.

3. Distribute information better.

4. Build better communities.

5. Give better PR.

That’s right. There’s a lot that media outlets can do to make the event of giving PR – or media coverage, press mentions, etc. – better. Better for whom? Everyone. For the media outlet itself, for the business or person getting the coverage (assuming it’s positive) and for the consumer.

Now, keep in mind, I’m framing this in terms of what you, my readers, care about – and that’s getting or receiving coverage for your small, locally owned business. There are a million caveats to this situation, but for now, let’s focus on the “what if” of a media outlet giving a small business or local business owner some positive coverage of some sort.

One easy way that media can give better PR is to simply include the URL of the small business’ web site into the coverage.

For example, I was just reading a local magazine that had lots of fashion shots where models were dressed in clothing from many boutique shops around town. The brand of the clothing was mentioned and the name of the boutique was mentioned – the place where the model was posing was even mentioned. That leaves THREE opportunities to include three different business URLs in the caption as well. Why would including the URLs into this coverage have made better PR?

1. It would keep me, as a reader/listener/viewer from getting frustrated that I saw something I liked and then didn’t know where to go find it.

2. It would make the media outlet look thorough in its reporting (it is 2010 afterall).

3. It would make the small business owner very happy and even more likely to share the coverage with their network of customers and prospects (which leads to better circulation for your publication).

I think all of those boil down to the consumer having a better feeling towards the media. And when consumers love the media – advertisers love the media. It’s what’s good for the media outlet: to give better PR.

How can you give better PR while maintaining journalistic integrity? There are lots more that come to mind for me – what about you?

Photo Credit: xvaughanx

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Web Site Stats for Small Business Web Sites

Marketing, Measuring Marketing, Small Business, Small Business and Google, Small Business Marketing, Web Sites

Web Site Stats for Small Business Web Sites

No Comments 14 August 2010

Just had an interesting conversation at lunch about web site statistics for small local businesses. I thought you might find the key takeaways from that conversation interesting when you consider your own local business or small business web site traffic statistics:

1. Google Analytics and other widely used script-based analytics services typically do not capture true page load and unique visitor numbers. Why? Because if someone views your site via a smartphone or in a browser with cookies and scripts cut off, then that view won’t register.

2. The true number (for unique visitors and for page loads) is the one that your server can provide you. This is a great reason to host with a local but robust web hosting provider with whom you can have a personal relationship to give you and explain to you the true server traffic numbers for your small business. I happen to know someone who can help you with that sort of thing (link to a company we own).

3. If Google Analytics and other analytics packages aren’t capturing all the traffic numbers, what good are they? They are extremely valuable to you as a business because they give you customer and potential customer intelligence. Here are some areas of intelligence that might interest you:

a. See what content, products, etc. are creating a lot of interest among visitors overall or within a specific geographical area.

b. Test headlines and navigation titles to see which get clicked more often.

c. Measure the success and behaviors of customers during campaigns like e-mail, social media, online and off-line advertising campaigns.

d. Learn geographical data about your web customers.

e. Measure conversion rates from visitor to customer ratios.

f. Learn how long visitors stay on your site.

g. Learn what search terms are bringing folks to your site – and if they’re not relevant, change your content. If they are relevant, produce more content along those same keywords.

There is a LOT more to discuss in this conversation, but the bottom line is that for those of you who are selling advertising or competing in some way on traffic – the true server numbers are where you want to be looking. But don’t throw the baby out with the bath water – those Analytics numbers tell you things about your customers that you never would have known otherwise. Get to know that information, track it, make changes, measure some more and take action to improve your small business based on this free intelligence. Your success depends on it.

Have you taken action in your business based on information you learned from web site analytics? Why or why not?

Photo Credit: edkohler

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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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