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How to Get Started With a Global Marketing Strategy

January 31st, 2013 ::

EarthIf you want to expand sales to other countries, you start by conducting market research so you can understand what your potential customers care about, want, need, and how to reach them.

To help you put together a global marketing strategy, here are some tips based on global marketing statistics that HubSpot published:

1 – Have a really good mobile strategy

Mobile, mobile, mobile – it’s all you ever hear, right? Well, it’s not just people in the US using our mobile devices for everything – people around the world use their smart phones a lot too.

  • 26% of Australians consume media on their smartphones
  • 31% of the French spend their smart phone screen time on social networks
  • 35% of the Irish access social media mostly on their smartphones
  • 33% of Italians with mobile phones use their devices to access the Internet
  • 46% of Canadians with mobile phones have smart phones

Tips for success:

  • Have a user-friendly mobile site ready to go that is easy to navigate and makes it easy to contact you or buy from you
  • Optimize your site
  • Integrate social media sharing buttons on the site (see below)

2 – Understand who is using what social network

Even though Twitter and Facebook might be the best way to reach your American customers, make sure you adjust your global social media strategy to include the outlets they use, not the ones you think they use.

Tips for success:

  • In Norway, have an active presensce on Twitter, Tumblr, and Pinterest to reach people under 30. Use LinkedIn to reach those with higher education and income levels.
  • In Russia, you’ll reach people who are young, global-minded, and have money with Facebook, while those 25-35 use Odnoklassniki.
  • In Spain, college students and recent grads use Tuenti.
  • In the UK, those with higher incomes are on Facebook.

3 – Target customers depending on their favorite online activities

Want to engage your customers? Create marketing programs that take into account your audience’s online activities.

Tips for success:

  • In India, capture the attention of Facebook users with games, apps, and photos.
  • In Russia, create and share movies on V Kontakte.
  • In Sweden, engage guys with games and women with an entertaining blog.
  • In Brazil, create a video campaign

4 – Boost sales with promotions

Based on the growth of LivingSocial and Groupon, it’s easy to see that people like a discount in the US. Around the world, it’s pretty similar, so if you want to engage your audience, boost brand awareness, and increase sales, offer promotions online.

Tips for success:

  • In Brazil, offer special discounts on social media.
  • In Ireland, offer promotions to encourage word-of-mouth marketing, as 74% of people talk about a brand thanks to a promotion.
  • In Australia, special discounts or coupons will help spur purchasing decisions.

***

Is your company global? How do your overseas customers differ from those at home?

Image courtesy of en.wikipedia.org

How to Use Psychology to Boost Sales, Part 2

January 30th, 2013 ::
This entry is part 1 of 2 in the series Using Psychology to Boost Sales

psychologyIf, like me, you didn’t major in psychology, then we’re in the same boat: running a small business and doing our best to understand our customers and prospects.

I always thought I should have taken at least one psych course, so I got super excited when I saw an infographic on the SocialFresh blog called “10 Ways to Convert More Customers Using Psychology.” No need to take a course, just read an infographic!

In the first blog post in this two-part series, I detailed the first 5 ways to turn a no (the problem) into a yes (the solution). Here are 5 more ways to do so:

Problem: Customers hate waiting

Solution: Provide instant gratification by pointing out how your product or service will solve their problems quickly

Example: Fast shipping, quick turnaround times, very short learning curve

Problem: Distinguishing yourself from competitors

Solution: Instead of slamming the competition, label your customers (see my previous blog post)

Example: Because you’re a Mac person, you’ll love my product; If you want to travel the world, my photography class is perfect for you

Problem: Unclear company values

Solution: People love brands who share the same values as them, so clearly state your values and weave it into your messaging.

Example: Donating a portion of every sale to a specific charity; only selling products made from sustainable or recycled materials

Problem: Customer is not completely confident in decision

Solution: Play the devil’s advocate and lay their concerns to rest with stats, information, examples, and case studies.

Example: “93% of our business is due to referrals from happy customers.”

Problem: Customers get bored

Solution: Surprise your customers when they least expect it.

Example: Handwritten thank-you note, box of samples, free product or service.

What have you learned about customer behavior over the years?

Image courtesy of psy.ed.ac.uk

How to Use Psychology to Boost Sales, Part 1

January 28th, 2013 ::
This entry is part 2 of 2 in the series Using Psychology to Boost Sales

psychologyI majored in business administration, and looking back, it amazes me that at least one psychology class wasn’t a required course for business majors – especially those of us focusing on marketing. So much of marketing and sales is based on what people respond to – which of course has its roots in psychology.

So I was delighted to stumble across a great infographic on the SocialFresh blog called “10 Ways to Convert More Customers Using Psychology.” If you have a chance to check it out, do, but if you don’t, you can rest easy knowing I did the work for you.

Here are the first 5 ways to turn a no (the problem) into a yes (the solution):

Problem: Action paralysis, in which we avoid making a decision for no good reason

Solution: Set minimums that are easy to attain.

Example: Purchase 2, get 1 free; First month free

Problem: Not feeling special; just feeling like a number

Solution: Label your customers so they feel like part of a special group.

Example: VIP; platinum, gold, silver levels

Problem: Convincing tightwads to open their wallets

Solution: Since tightwads (yes, that is an actual psychology-based term) make up 24% of buyers, you need to appeal to them by reframing the value of your product or service.

Example: Bundle products for a better price, reframe value ($2 per week instead of $110/year), roll fees into the price

Problem: Not admitting to fault

Solution: Because buyers trust companies who admit a problem is their fault, take the blame, even if it’s not your fault (really!).

Example: If a product is not available temporarily because shipment from a vendor is delayed due to a manufacturing problem, apologize and explain what you’re doing to fix the situation.

Problem: Incomplete calls-to-action (CTA)

Solution: Sales messages that convey urgency and scarcity work, but only if buyers are told how to make the purchase.

Example: Add a phone number, email address, or link to a landing page in your CTAs.

Look for my next blog post, in which I share the final 5 ways to turn no’s into yes’s.

What are your favorite tricks and tips to boost sales?

Image courtesy of psy.ed.ac.uk

Your Guide to LinkedIn Advertising

January 24th, 2013 ::

LinkedIn people puzzleIf you’re a B2B company, attracting new customers with pay-per-click (PPC) ads on LinkedIn rather than Google or Facebook may be the way to go.  That’s because you can target your ad to specific job titles, job functions, industries, company size, seniority, by LinkedIn Groups, etc. to ensure you are reaching either the end user or the person who makes the purchase decision.

Who you can reach on LinkedIn:

  • 175 million professionals worldwide, 40 million of whom are US-based
  • 7.9 million business decision makers
  • 1.3 million small business owners
  • 4.2 million corporate executives

How it works:

  • Choose your target demographic and location
  • Set a budget for clicks ($2 minimum) and the total you want to pay overall ($10 minimum)
  • Pay $5 activation fee

Types of ads:

  • Poll ads: Conduct market research and build brand awareness at the same time
  • Join group ads: If you have a LinkedIn Group, you can advertise it and increase your reputation as a thought leader
  • Social ads: These ads integrate member activities and information about advertising to target buyers based on what LinkedIn knows about your social network.
  • Video ads: This is the newest ad type, which lets you add your YouTube video or a 30 second video to ads.

Tips:

  • Make sure you measure your click-through-rate (CTR) on a regular basis to ensure your ad is working; you want a CTR of 0.025% or better.
  • Ads with images get 20% more clicks.
  • Turn your headline into a question to garner more attention.
  • You can create up to 15 ad variations to figure out which image and text work best.
  • Target ads to one specific group instead of everyone; the CTO has different priorities and needs than the CIO.

Have you advertised on LinkedIn yet? What about Google or Facebook? What strategies have you used to increase your CTR?

Image courtesy of blog.hubspot.com

5 Types of Marketing Content That Will Fuel Your Sales

January 23rd, 2013 ::

MoneyWhether your company offers a product or a service, having content on hand that you or your sales team can share with prospective customers is incredibly important. You’ll be able to showcase your capabilities and the value and benefits of working with you over someone else.

Here are 5 types of marketing content you should keep at the ready:

Explainer videos

An explainer video tells a visual story of how your product or service works. While these are especially handy for physical products you can see, they can also be used for virtual products/services, like an app or cloud-based service (check out Dropbox’s video).

If you are a professional service provider, like a real estate agent, consultant or attorney, you can use a video to quickly explain the value you bring to your clients while letting them get to know you a little bit.

Blog posts

Yes, it is OK to mention your products and services in your blog posts – on occasion. You could write about how you use your own product or service in your company, how-to guides, or a list of quick tips. You can also publish news, in which you announce important new partnerships, new products or services, or new features or updates, just like Modus Create did here.

Case studies

These are one of the best ways to market your company and convert prospective clients into new clients. Case studies give you the chance to show the value of your products and services. When I write them, I keep them pretty structured, like these that I wrote for Brighter Strategies. The first paragraph explains the problem, the second paragraph talks about the solution and how it was implemented, and the third paragraph concludes with the outcome or results.

Presentations

If you ever give presentations on your products, services, or company, whether it’s a seminar or at a conference, save them in Slideshare so you can easily share them later – and others can easily find them with a quick search. If you have a sales team, definitely create presentations for them to ensure your products and services are discussed the way you think is best.

Data sheets

Data sheets are full of information – they’re not sexy, but they are important if you sell a product. You can list product features, hardware, software, or other types of  requirements, competitive comparisons, charts and graphs that demonstrate product value, and even return on investment data.  Here’s a really comprehensive one for the Audi A3 (my car!).

What marketing content do you share with prospective clients?

Image courtesy of gurusoftware.com

How to Sell to Top Executives

January 22nd, 2013 ::

Rolls Royce in ItalyI recently ran across an excerpt from a new book called Influencing Up by Allan R. Cohen and David L. Bradford, which details how to partner with senior management and other powerful people, persuade key decision makers, and turn a difficult boss into an ally.

Chapter 11, the chapter I downloaded, focuses on what the powerful people care about. If top executives are part of your target market, here’s what you need to know about successfully selling to them:

Just like any other group you sell to, you have to know what pain points the group has. Powerful people – whether it’s a CEO, movie studio head, or public figure – can be a little harder to understand, as their assumptions and values – sometime their entire world – can be very different from your own.

First things first: understand what top executives care about. In general, it is:

  • Keeping the organization’s costs, growth/innovation, and building future capacities in balance
  • Major economic forces, especially during a downturn, like inflation, deflation, interest rates, and demand
  • Innovation, products, and processes
  • Competition, especially from overseas
  • Outsourcing to contain costs
  • Searching for new markets
  • Talent acquisition and retention
  • Supply sources
  • Integrity, ethics and company reputation
  • Their relationship to stakeholders, the media, and peers
  • Government regulations

Do your research beforehand so you can link your proposal to current strategic efforts or preoccupations. The best information to look for includes:

  • Their public statements
  • What the press says about them and the company
  • Company strategy, vision, and values, which you can find on the company’s website
  • Educational and professional backgrounds
  • Whether they care more about risks or results (this might be trickier to uncover)

Now that you’ve done your homework, it’s time to put together a proposal, which might be structured quite differently than others you normally create. It should be:

  • Concise
  • Start with the conclusions and implications to grab attention right away
  • Include major assumptions
  • Explain all benefits

If you sell to top executives, how do you build relationships and gain credibility? Share your tips below!

Image courtesy of bmwblog.com

How to Stand Out on Pinterest If You’re a B2B Business

January 16th, 2013 ::

Fabulous vacation homeIf you’re a B2B small business or offer a service instead of a product, you can still use Pinterest. All it takes is a little thought and creativity. Here’s how to get started:

Use your own images

While it is very important to repin images that others have shared on Pinterest, it is also good to create and share your own images. As they are repinned, they will always be sourced back to you, helping you attract new followers.

Create personas

If you don’t already have a persona for your ideal customer, create one so you know what kinds of images will be most appealing to them. What is your ideal customer’s gender, age, location, household income, education level? Get as detailed as possible (you will probably have more than one persona).

Pin based on customer interests

Of course, you can also ask your customers what they care about, both personally and professionally. What are their hobbies, interests, favorite sports, favorite foods, top travel destinations?

Start boards based on your own interests

If you’re a travel junkie, coffee fanatic, or just love the color orange, create boards around those themes.  It will help humanize you and your business and let your customers and potential customers get to know you better.

Create boards related to your business

Whether you are an attorney, software developer or SEO expert, you can create boards that are related to the service you offer.  Let’s say you’re an accountant who specializes in personal finance. You could create a board of fabulous vacation homes since you help your clients save for specific goals.

Add details to board names

Don’t just name a board “Chocolate Desserts” or “Beaches” – they are too flat and boring. Get creative – think “Death By Chocolate” and “Exotic Beach Destinations.”  You want to grab people’s attention so they’re eager to see more. Just be sure to keep the names short so people will remember them.

Pin clients – potential and current

You could create an entire board out of current clients and use their testimonials in the description – a very clever marketing idea. Or, you could make a board of clients you’d like to have, even huge companies. You never know who will see it and who can make an introduction.

Do you use Pinterest? What boards have been most popular?

Image courtesy of greenbuildermag.com

How to Optimize Your Blog for Lead Generation

January 14th, 2013 ::

Blog lead generation means more salesIf you’ve been blogging for a while and you are not seeing much in the way of leads coming from your blog, it is time to optimize your blog specifically for lead generation, rather than just search engines. Here’s how:

Add calls-to-action (CTAs)

I subscribe to a lot of blogs, but rarely do I see calls-to-action that are put front-and-center on the blog.  Besides adding calls-to-action in the body of the blog post or at the very end, you can add banners to the top or side (you could do the bottom, too, but they might be less noticeable there). Work with your website’s developer or a design agency to put eye-catching banners together.

In your CTA, be direct. Tell your website visitor what to do (“Get access to a free 30 day trial”), how to do it (“Download your trial subscription here!”), and the benefit of doing it (“Start improving your blog’s reach, just as thousands of other small business owners like you have done!”).

Test to see what works

Some calls-to-action will be more popular than others, so experiment with wording, graphics, colors, placement, offers, etc. You can keep one call-to-action up for a week, then swap it out for another. Keep experimenting until you find one that gets a lot of clicks.

Update your CTA regularly

Don’t leave the same banner CTA up for months on end. After a while, repeat  visitors will started ignoring that space, making it harder to convert them. You’ll know you have had the CTA up too long when click-throughs drop off.

Customize for different audiences

Since it is likely you have more than one target market, make sure you create a CTA that grabs each target’s attention. List out their different pain points and decide what would be most useful to them – a free demo, a free product trial, a free consultation, an introductory ebook, etc.

Blog more

According to Hubspot, companies that increase blogging from 3-5x/month to 6-8x/month almost double their leads. That’s because the more fresh content you publish, the higher you will rank in search engines, making it easier for people to find you.

Does your blog generate leads? What CTA works best for you?

Image courtesy of web2.salesforcesearch.com

6 Ways to Build Your Company’s Brand

January 10th, 2013 ::

Build your brand, grow your businessOf course you know that your company’s brand is about more than your name, logo and personality.  Once you have those nailed down, here are 6 other simple ways to build and strengthen your brand:

Tell a story

Think about what makes you different from everyone else; if you’re not 100% sure, ask your clients why they work with you or buy your products. Build a story around your uniqueness and weave it into your communications.

Build a community

Talk to your online and offline audience. Find out how they’re doing, what they want, and what they need. Empower them to contribute – with ideas, feedback, guest blog posts, photos, etc. Give them a shout-out (with their permission, of course) on social media or in your newsletter.

Provide a great experience

Elevate your clients’ interaction with you and your company across the board. Build a product that is easier to use and provides better value than the competition. Continually keep clients up-to-date on project progress. Host an annual party – a BBQ, bowling afternoon, brunch. Follow up a month after the sale to see if they need anything or have any questions.

Keep promises

Because customer service is so often ignored, especially by large companies, one of the best ways to grow your business is by doing what you say you’ll do. Happy clients will spread the word about you, especially if you go above and beyond expectations.

Take a stand

Whole Foods sells sustainable, organic, all-natural foods. Nordstrom prides itself on exceptional customer service. Apple designs products that are user-friendly and stylish. Decide what your brand stands for, whether it’s more reliable products, faster turnaround, or more personal service.

Be honest

Lying is the fastest way to erode trust and damage credibility. We all make mistakes, big and small, so when you do mess up, be honest about it – and then do everything you can to fix it as quickly as possible, whether it’s providing a refund, replacement product, or free service.

What are your favorite brands, and why? How do you try to emulate them?

Image courtesy of mymagneticblog.com

How to Run a Successful Facebook Contest Without Getting Banned

January 8th, 2013 ::

If one of your professional New Year’s resolutions is to do more with your company’s Facebook page, one of your ideas is most likely holding a contest (aka, a promotion), be it a photo or video contest or a sweepstakes.

Before you get started on any planning, it is well worth your time to familiarize yourself with Facebook’s rules for promotions so you don’t get banned.

In summary, here is what you need to know (you can read the full list here):

1. The product or service you are promoting has to be yours, either as an authorized merchant or the manufacturer.

2. You are responsible for ensuring your contest does not break any laws, rules or regulations and you must clearly state the official rules, offer terms, and eligibility requirements.

3. Promotions must use Apps on Facebook and state that Facebook has nothing to do with the contest.

4. You can ask entrants to Like a Page, check in to a Place, or connect to your app when they enter the contest, but that action cannot automatically enter them. You cannot ask them to take any other action on Facebook, like leaving a comment on your wall.

5. The Like button cannot be used for voting.

6. You cannot notify winners through Facebook.

To ensure your Facebook contest is successful, here is a handy checklist to follow:

Have a goal: Whether it’s more Likes, increased brand awareness, new product promotion, better user engagement, etc., have a goal so you can measure whether or not your contest worked.

Make it interactive: A fun, interactive experience will draw more entries and encourage word of mouth and social sharing.

Be creative with contest prizes: Your contest prize can be something with broad appeal – a gift card to Amazon – or niche appeal – a private souffle baking class. Whatever you decide, make sure it appeals to your target audience.

Choose a third party app that is easy to use: Look for one that is customizable, cost-effective (some are free), and mobile-friendly and that can be embedded on your website.

Make it easy to enter: Ask for the bare minimum amount of information from entrants (like name and email), and make it easy to enter, like answering a trivia question or uploading a photo of a pet.

Follow up: Once the winner is announced, follow up with the entrants by responding to feedback or simply thanking them for becoming a part of your community.