Hot Marketing Trends That Are Essential to Your Small Business Success
In partnership with Simply Business
4th in a series of articles exploring how to make 2019 your business’s best year yet.
By Rieva Lesonsky
Last week we talked about the innovations in local marketing small business owners need to adopt to be successful in 2019. Now, we’re going to discuss other marketing trends that are essential to your success.
But first, this is a good time for you to assess your existing approach to marketing. Too many small businesses silo their marketing efforts; they might have plans for SEO, email marketing, and social media, but rarely connect the three into a single, cohesive strategy.
Your marketing should not be in silos. You need a holistic, integrated marketing plan that includes the components we talked about last week (websites, mobile solutions, SEO, and voice search) and the ones we’ll discuss in this article (email marketing, social media, and review and rating sites).
The point of marketing is to
- build brand awareness
- explain and inform
- attract customers
- form relationships
- improve customer engagement
All these contribute to building trust between you and your customers, which hopefully results in increased sales.
Social media has skyrocketed
For a medium that didn’t exist 20 years ago, social media is now ubiquitous. Statista reports 77% of Americans use social media, so it’s a great way to reach new prospects and interact with your current customers. For retailers, social media is 3X more likely to drive visits from non-customers, according to Adobe’s State of Digital Advertising 2018.
With so many social platforms out there, it’s easy for small business owners to get overwhelmed when first attempting to craft a social media strategy, but it doesn’t have to be complicated. Start by defining what you want to get out of social.
Do you want to
- Build awareness?
- Attract new clients?
- Connect with current customers (build relationships)?
- Drive traffic to your website/store/restaurant/business?
- Learn about industry, business, and consumer trends?
- Provide customer service?
- “Spy” on your competitors?
- Meet “influencers” (media and industry experts)?
Social media marketing can help you do all those things and more. When choosing the best social platforms for your business, start by investigating where your customers are—what social channels are they using? (Some ways to determine this include asking them in store or via survey, searching online, or inviting customers to follow you.) Then, figure out which social platforms your competitors are using. Although you may never end up engaging on more than one or two social platforms, you should create profiles on all relevant sites so someone can’t use your business name.
Each social media platform has its own claim to fame: Facebook is the largest; LinkedIn is considered the best for B2B businesses; Instagram is the fastest-growing platform and the best way to reach younger generations; Pinterest is great for selling products; and Twitter is the best place to connect with journalists.
Once you establish your social media presence, create a company social media policy. What will you talk about? What do clients and customers want from you? Who will manage it? (Don’t say interns—that’s a recipe for disaster). How often will you post? Consistency is key to achieving your goals. Remember, social media works by getting other people to help spread your message. It’s essentially the 21st-century version of word-of-mouth marketing.
Online reviews are essential
Rating and review sites are controversial among many small business owners; they don’t like the exposure negative views can bring, and they’re not sure it’s worth it. A survey of SMBs from Bank of America showed that 51% don’t consider social media reviews and online ratings to be an important part of their businesses; however, about 88% of consumers trust online reviews as much as personal recommendations from people they know.
Published at Mon, 17 Dec 2018 15:00:03 +0000
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