In this week’s marketing strategy, we’re going to explore how to give customer rewards (customer loyalty rewards) in return for customers sharing your business on popular social media sites.

iMingle is a fairly new player in the social networking scene, and it brings in an element most people don’t associate with social networking: insurance. It works by rewarding people for networking and purchasing insurance; when individuals network, and get a group together to purchase insurance, they can get a multi-policy deal and garner big discounts that otherwise they’d have no way to access. The insurance companies get more customers, and the purchasers get a better bargain on what they pay.

So far it’s working pretty well, and it’s a new concept that small businesses can grab onto and use in their own way. Here’s how:

Putting the Strategy to Work in Your Locally-Owned Business

To apply this strategy to your own small business, ask yourself two questions: what do customers want most from you (what can you provide) and how can you give your customers what they want with your social networks? Let’s break that down a little bit by looking at a hypothetical case: a small-town restaurant owner with a good business and the desire to expand with online sales.

So our restaurant owner – let’s call him Jerry – thinks about what his customers want most from him. That means both his local customers and his (potential) online customers. Jerry wants to use his online presence to connect with local people and to increase his customer base for Internet sales of his packaged gourmet foods. He knows what his local customers want: they want to get great deals and discounts on meals at the restaurant. He’s asked them in various ways, and that’s always the most popular response.

Jerry’s not so sure about his Internet customers, because he’s still getting into that world of online sales. So he takes a guess that they probably want great deals on the stuff they’re going to buy from him, too. They want high-quality, unique gourmet food items and they want to get deals and discounts on those items.

In both cases, what Jerry needs to provide is a better deal or the opportunity for a discount: a way for his customers to get an insider’s bargain on his meals and gourmet items. The second question he thinks about is this: how can he use his online presence to give his customers what they want, in a way that rewards them for interacting with him (i.e. his restaurant) online?

Jerry comes up with these ideas:

• He can give a coupon every time someone refers a friend who becomes a fan of the restaurant’s Facebook page or a follower of the restaurant on Twitter.
• He can offer group discounts; when a fan or follower gets X number of people to make a purchase (in the restaurant or via the online store) they all get a certain discount. He can use coupon codes for this.
• He can give a coupon for any type of social interaction online which promotes his restaurant; customers can “earn” a discount by sharing a link to his webpage, his Facebook page, or his Twitter account, or by blogging about his restaurant, reviewing his products, or getting a friend to sign up for his e-newsletter.

What ideas do you have for your business to expand your reach to new customers while rewarding the loyalty of existing customers?

Image: One Laptop per Child

Are you ready to dive into the winning marketing strategy of partnering with other businesses? When you pursue these promotional or marketing partnerships, here are four critical steps to consider that will lead to long term success for both your business’ bottom line and your partnership with the other business:

1. Develop a list of businesses that sell related products or services but are not in direct competition with you selling the same item. Hint: Look inside your own customer list FIRST to develop such a list. These people have already formed a relationship with you.

2. Contact the business owners on that list to form strategic alliances. Propose ways to mutually benefit each others’ business – the goal is to promote added value to each others’ customers. At the end of the day it’s all about exposing YOUR customer list to their products or services – and them doing the same for you, in a way that’s equitable for both of you.

3. Agree to a plan. Write everything down and agree to the exact specifications of the agreement with the other business owner. It doesn’t matter how simple the partnership “plan” – WRITE IT DOWN and get the agreement sealed with a signature. This simple act will help maintain the integrity of your relationship with this other business long after any marketing partnership is dissolved.

4. Implement your plan while communicating frequently about how it’s working for each other. If a lopsided result occurs – work together to make the partnership more equitable for both parties. This is the secret to LONG TERM success!

Now – go make some strong partnerships – and sell more stuff! Grow your business using this proven marketing strategy PERFECT for local and small business owners!

Have you already used this strategy and experienced success? We’d love to hear from you and feature your business and case study in an upcoming blog post. Please comment below and share some of your story right now!

Photo Credit: Beneath_B1ue_Skies

With social media usage and marketing efforts growing by leaps and bounds, it’s not only important for your small business to be on social media – it’s important to say the right thing. How can you tell when you are saying the right thing?

Here are some of my tried and true tips for improving what you say – and therefore the engagement and resulting sales – from social and new media marketing.

What’s wrong with ordinary?

We live in a world with thousands of messages coming at us daily. Is your message boring? Possibly. For example, I received an e-mail from a statewide organization this morning. The subject line simply said “May e-newsletter XYZ organization.” I had no reason to open it.

We recently helped (through HALO Business Advisors) with an e-mail campaign on a weekend when snow hit Mississippi. This doesn’t happen often, and when it does—our world shuts down. For this small business owner, restaurateur, client and good friend of mine, closing on the weekend wasn’t an option. With little time to make it happen, his text message to me went something like this. “We have to send an email – let folks know we are open!!”

I could have sent an e-mail with a simple subject line stating “WE ARE OPEN.” Instead, we sent an e-mail out that said: “Who won the ROCA snowball fight?”

This e-mail had the highest open rate of any email we’ve ever sent. Significantly north of 40% of the list opened it within 12 hours, and sales that weekend were very strong. (The body of the e-mail message showed a picture of the chef throwing snowballs with his boys with the announcement that the restaurant was open that night.)

Traditional newspaper folks are losing steam in some areas, but they know how important a headline is to sell a newspaper.  The same thing is equally important to having a tweet read or an e-mail opened. Words matter. Pick a few good headline concepts from the major media outlets or note their style – and copy them!

Here are a few more of my tried and true tips for improving what you say – and therefore improving the engagement and resulting sales – from social media and marketing. These rules apply especially well for both e-mail subject lines and for tweets with pictures:

1. Shorter is better. People are reading 20 characters on their Blackberries and iPhones in the subject line. It’s becoming the tool that more e-mails are opened on. Shorter subject lines will work better than long ones, but you have to also follow rule #2.

2. Make me open it. If you can tease me with a question or factoid or humor, I’m going to invest the extra 10 seconds to read about it. Just tonight I sent out four different photo tweets. The one with a short title and a little humor had 35% more opens in the first 10 minutes than the rest of the tweets.

3. Grow a personality. If you aren’t witty or funny, find someone who is. That class clown or guy that always makes folks laugh is probably a good person to help you figure out the subject line of an e-mail campaign. Use teasers like: “Why didn’t Joe Smith eat supper here last night??” (Joe Smith can be interchanged with the name of a local celebrity or local news anchor.) More people will open that e-mail to find out that Joe is coming TOMORROW for a special event that THEY should plan to attend as well.

4. Follow through. Having a great subject line is important. Test it out on your staff or friends for some quick feedback. This shouldn’t be a 2 hour process, but maybe 20 minutes. Remember that spending an extra 20 minutes on a subject line that gets 10-20% more opens on an e-mail campaign is probably well worth the time. Look at the numbers. Let’s say you have a moderately sized 2000 person e-mail list for your small business with a nominal 8% open rate. This means 160 people confirmed opening your email. If you can fix your subject line problems and get that number to 20%, you’ve more than doubled the number of people who open your e-mails therefore improving the overall ROI of your e-mail marketing campaign.

5. Check for typos. Send your e-mail to a select group of your staff or friends who will promise to catch errors. We try and make sure EVERYTHING that goes out has 2 sets of eyes on it. It’s too easy to look at something for an hour and miss a glaring typo because you just aren’t focused anymore.

In closing, I’ll leave you with these sample social media messages that could work for different types of businesses.

Retail Menswear: “What can $250 buy at our store?”
Most people will want to know exactly what you are talking about — they’ll open.

Woman’s fashion line: “Your mother wouldn’t be caught dead wearing this…”
Wonder what that’s all about? I better check and see… They’ll open.

Restaurant: “The best lookin’ plate of food you’ve ever seen… details inside”
Hrmm, wonder what’s so special about the plate of food?

Retail Store: “The ONE thing you need to see from our trip to Market last week.”
Wonder what that one thing is?

You guessed it, they’ll open.

A few weeks ago, I wrote the following for my weekly E-mail letter (Want to get this letter? The content is current, relevant and behind the scenes business owner information. Sign up here):

Sometimes a project comes along that just warms the soul. Right now, Andy and I are working with the new owner of a historic soda fountain as he seeks to share the nostalgia and heritage of this landmark with a new generation – using New Media and Social Media tools. Recently, when meeting with the new owner, I found myself saying something that I say a lot: “Customers are more loyal when they feel like an insider, and prospects are more likely to convert when they have ‘insider’ information.”

Similarly, several times a week, without fail, folks ask us about our lives… Usually the question goes something like this: “It seems like you are on the road ALL THE TIME… HOW do you do it?” Or, “How do you have time to do all of this?”

Really, the bottom line is that folks want insider information – they want a peak behind the scenes. And your customers want the same from you. As strange as it may seem, in this age of reality shows and YouTube (check out our channel), people really do care what happens behind the scenes at your business. I don’t think I’m that interesting, but who am I to tell you how to feel or what to be interested in? Or maybe, if you’re like me, it’s so refreshing to know that other people think or feel like I do. I believe “Insider Information” is a “needle-mover” when it comes to customer loyalty, word of mouth marketing and long-term success.

What are YOU doing to make your customers and prospects feel like “Insiders?” (Yep, go ahead, hit the “reply” button and tell us. Seriously.)

Maybe “Insider Information” from us will help you become more motivated and/or equipped to use the tools of Social Media or New Media effectively for your business. So, from this point forward, our e-mail newsletter will be flavored with the spice of our life: tales of life on the road, digital nomad-ism, social media, new media, late-night brainstorming sessions, work/life balancing acts and our disdain for early starts. Welcome to the INSIDE, loyal readers.

In follow-up to this e-mail, I got a note from friend Mandy Becker, owner of Swagger Gifts in Cary, NC. I asked her permission to share her comments with you because I thought her feedback was so apt – it reinforces the message. Here’s what Mandy had to say:

I loved this!  I totally think the insider info think is critical!  The last three times I went to market, I wrote a blog about what it was like, what I was buying, etc. My customers loved it! They felt like they were part of the action! I have heard so many times, “Oh, I wish I owned a gift shop – what’s it really like? Do you love it?  What’s a typical day.” It is amazing how much people care about one another’s lives; I think we live vicariously through others in some way. Anyway – thank you!

P.S. I think I might even do a weekly blog post called “Insider Information.” Thanks for the idea – I hope it is okay if I use it?

Where are the points in your customer experience that make a new customer feel awkward, out of the loop? Do some customers walk into your restaurant and know exactly what to do, what to expect, how to respond? Learn from your regulars – and find ways to make new customers feel equally comfortable. Sales and tips will increase accordingly.