So many people are using social networks that it simply boggles the mind. At the most recent count, 1.49 billion people are active users on Facebook. That is more than the population of China or India. Are you boggled yet? The latest Pew Research data shows that 28% of online adults use Pinterest, 26% use Instagram and 23% use Twitter. And the numbers just keep growing. Truly the world is changing. So why should you care? Well, it could mean a lot more sales if you set goals, create a strategy and do the hard task of being social.
Post, Pin or Tweet?
Should you be posting, pinning or tweeting? Well, that depends on where your potential customer is socializing. You need to know the demographic of your perfect customer so you know where to put your effort. If you sell mostly to the over 60 crowd you probably won’t spend time on Instagram, but if your best customers are twenty-something that may be just the place for your business. Not every platform fits every business, but once you know where your customers are gathering, begin there.
Over 30% of your customers 65 and older use Facebook. Many of you already know about posting on Facebook because I see you there! Marketing on FB is all about sharing photos, posting quotes, linking to your blog or other articles that are relevant to your customers.
Women with higher levels of disposable income dominate Pinterest. This is a place where people ‘pin’ pictures they find on other people’s (or their own) websites. Mostly products, crafts, rooms, houses, art and landscapes. Anything that is creative, pretty or can be a do-it-yourself (DIY) project is found on Pinterest. You want to see a particular Sherwin Williams color on the walls of a real room, ideas for a quilt pattern, a kid’s project, or a new collection of jewelry…it is all there with images.
Over half of online young adults, ages 18-29, are using Instagram. Instagram, as I see it, is simply a giant photo collage that the whole world is creating. It is separated into topics that are identified by a hashtag name (#). I am sure if you go on Instagram and search for anything, you will find it. The other thing unique to Instagram is that photos can only be uploaded from your phone. What a wonderful mobile world!
Twitter followers are of all races and ages, have higher than average incomes and are more likely to follow your brand than Facebook users. Twitter has always been a mystery to me. As a writer, 140 characters (about 20-25 words) does not seem like enough letters and spaces to carry on a meaningful conversation. I also cannot get used to talking in acronyms. I guess I should think of lol, btw, b/c and b4 as part of a new language and become inspired to Tweet. Maybe I am just afraid I will forget how to spell or begin Tweeting out loud.
Social media is, well, social. It is way more than simply pushing pictures of your business and products. There is a rule of social engagement that says for every one business post you make, you must create five other posts that help, entertain or educate your customers.
Your goal is to engage people. Start a conversation. Ask questions. Answer questions. Make them like you, trust you and want to buy from you. If you are restaurant owner ask your audience what their favorite dessert is–then go make it and invite them over. A gift store can ask who is the hardest family member to buy a gift for and then create a helper’s guide to shopping for ‘that person.’ Let them know you care about what they want.
Make your content valuable to your customers. If you sell flowers assume you are talking to people who love flowers and share the best tips on growing, cutting, saving or decorating with flowers. Create a strategy that makes you the go-to person in your market, so you can gather an audience that trusts you and wants to do business with you.
There is a bit to learn if you want to effectively market your business with social media. You can find free social media training links on our Resources page when you are ready to jump into the social fray.
Where’s the Pie?
No, unfortunately, we aren’t talking about our family’s favorite recipe, but instead the market for your products or services that marketers compare to a pie. In marketing language the pie represents all those customers buying your product from somewhere. The size of the pie includes consumers who could reasonably be willing to buy from you. Ok, ok, it’s true I liked economics. My professor thought I was really strange because it made sense to me…now I just have to see if the important bits can make sense to you, too.
How Big is the Pie?
What are the boundaries of your market? Your pie can include everyone in the local city, or even wider, in a county and beyond. If you sell online, it includes people looking for your product or service on the internet. If, like me, you can provide your service to anyone anywhere, then your pie is a really big national or even international one. But for most brick and mortar stores, it is people who live here, live nearby, who are visiting or even driving through on their way to the beach.
The tricky thing about the market pie is that it changes size. It is not always the same. Your 65 year-old customers may stop buying products they loved ten years ago. The local 18 year-old folks, who just started working, are now potential customers with money to spend, hopefully in your store. People moving into the area get added to the market. So while some parts shrink, others expand.
Why should you care about this pie? Because it might be bigger than you know, which means you may have access to more customers (and sales) than your current marketing plan includes. How big your piece of this pie is, your market share, depends on how big the total pie is. So, if you expand your market to reach out to customers in other places, in other age groups, the pie gets bigger (more total customers) and now your share in this bigger market is also larger. That, of course, means more customers and sales for your goods or services!
Getting Your Share
Now we are back to the dreaded work of marketing. If your market does not know you exist, then you don’t exist–for them anyway. If they can’t find you in the places they frequent, whether that is the newspaper, radio, internet, local hotels, their email inbox or the community bulletin board, then they won’t know about your great products, sales events or loyalty program. And I hate to be the one to bring bad news, but that means someone else is getting your piece of the pie.
The process of trying to increase your market share is constant. You can never stop trying to win new customers. And everything in business comes back to your customers. Who are they? Where are they? Are you reaching them?
So now you get to think about where your potential customers hang out looking for local products or services. When they are new in town who do they call or what do they read to find out how who to do business with? When they are visiting and staying in a hotel how do they know you are here? What search terms are they using in Google for local shopping and does your name come up in the list?
Isn’t it exciting thinking about all those new customers?
Sally Shopper is the customer who loves your business. She really likes everything about your business that you like. She is the one who keeps scheduling the oil changes for the entire family at your shop. She comes running every time she hears you have a new jewelry collection. She dines out at your restaurant at least twice a month and always brings a friend to introduce to your great food. But do you really know who she is?
One simple fact of business life is marketing and boy do we know it, especially when it is not working for us. We really need to discover some things about Sally if we are going to get our marketing right. Businesses need to know who their ideal customer is. I know, you want to tell me that everyone is your ideal customer, right? Or anyone with more than $20 in their wallet. It’s just not true.
Only people who are looking for what you have and who have the money to buy it are in your market. Even if you are selling specialty gifts, there is a specific kind of person looking for your products. Are your products good gifts for grandmothers, babies, hunters, people who like to fish, gardeners, bikers, moms, dads or teenagers? Would a middle-aged, Gardener Sally or fifteen year-old, Skater Sally both get excited about the items in your shop?
Imagine your favorite customer. You know, the one who buys from you over and over again. Do you know why they like your store or business? Do you know how they found out about you? Do you know why they keep coming back? You should find out, because it is people like them who will grow your business. It is people exactly like them who should be receiving your marketing messages.
Your customer ‘persona’ is a fictitious character that represents your ideal customer. Sally is the ‘profile’ you target with all your media. You may have more than one customer persona. You may find that there are two main customer personas who consistently spend money in your business. Maybe one is the twenty-something college student and another is the over-50 entrepreneur. If you are a restaurant, who comes to eat? Is it mostly families, business customers or stay-at-home moms? Is it because the portions are large, the service is fast or the food is consistently good?
These are important things to know because you cannot create an effective marketing strategy without knowing who your audience is. Your website, Facebook posts and advertisements in any form of media all need to be targeted to the right audience. What they like, what words grab their attention, as well as what media they use to search for products are all aspects of your marketing strategy. Even if you are a very small lawn maintenance company just passing out flyers, you won’t be handing them out to people in apartments who have no yard. You will be looking for Career Sally with a big yard. She is a woman who has more money than she has time to do yard work.
Exploring the traits and behaviors of your current shoppers is one way of identifying your ideal customer and creating the right persona to target. To find out about them just start asking questions. Create an online survey at SurveyMonkey.com (there is a free option.) Put the survey link on the home page of your website. Make a Facebook post of the survey link and pin it to the top of your page. Hand out cards at your place of business with the survey link on it. Or send them an email with a link to the survey. You can use your free MailChimp.com account, because I am sure by now you are collecting their email addresses to stay in touch, right? Finding out who Sally is will get you on the road to creating a marketing strategy that reaches more ideal customers and this will build your business. For a free worksheet on how to identify your ideal customer, check out our Resources page.
Please note that we are not biased toward women, but simply chose Sally to represent customers because women now hold 51% of the personal wealth in the US, make 85% of all consumer purchases and actually buy 50% of all products that are marketed to men. In your business you may find that Sally spends as much or more than Sam, so you want to be nice to Sally.
Have you heard of Pinterest? You thought it was just for arts & crafts, right? Wrong. You thought all those photos were just pretty pictures, right? Wrong again. Almost all those pictures are attached to a website. Many are from websites that sell products to people who find them by clicking on a pretty ‘pin’.
Pinterest is still growing at a rapid clip and the users spend a lot more money on average due to Pins than from other social media sites. Predominantly women (over 80%), but then who either owns the wealth (46%) or influences how nearly 80% of the wealth is spent? Right! Women. In addition, Pew Research showed that in 2016, 45% of Women in the United States use Pinterest.
If you have a product or service targeted to women or that women typically influence when the family purchases (such as travel, hotel, motel, dining, gifts, jewelry, household services) then you should think about creating a Pinterest business account.
Think about it, all those users with higher than average household incomes, spending time perusing photos looking for something to buy. They look at categories that appeal to them, so the viewers of your posts are already interested in your products. Do it right and the next step is a sale.
Although Pinterest can be time-consuming, you may want to look into it as a marketing channel, especially if your products look good in photos. Another thing I forgot to mention, Pinterest is not actually a social media where people connect with other people, but rather a search engine, where people go to search for something, much like they do on Google or YouTube. It is also very good for longterm results. If people like your pin and re-pin it, your pin can have a long, long shelf life. Popular pins, which link back to your website and products or services, can continue to bring your website traffic for a year or more. I like that return-on-investment!
You want to know if you really need a Facebook page for your business. With all the changes they have made does it still pay to spend your time on Facebook? First let’s talk about the difference in social media and a website. A Facebook page is different than a website in that people are talking about whatever you post on Facebook, while a website is usually more static. Your website is somewhat like a brochure where the main information about your company may not change that often. On your website you tell your basic business story with photos, an ‘about us’ page, contact information and some product or pricing information. And like a brochure, it gets handed out to whoever passes by or shows up on your website.
Facebook, on the other hand is social, people are talking all day long on this site. Little blurbs about what they are doing, photos of what they have seen or done, links to things they think are cool. When your business has a presence on Facebook it is a more like telling your friends in the coffee shop what you are up to and inviting them to come on over and see your new products. Maybe you would pass out coupons or tell them about your current specials in hopes they would pass it along to their friends…you get the idea. The point of Facebook for your business is to build ongoing relationships with your customers. Keep them thinking about you. If you do it right, they will even be talking about your business to their friends.
The latest FB changes are decreasing the organic (natural) reach of your business page and you have to work harder to keep in touch with your customers. Facebook can be an important marketing strategy, but it can also be time consuming if you don’t create a method and plan. You can develop a method so your posts on Facebook can be done weekly, or even monthly, and then are automatically posted for you. Simple. Give us a call to get a Facebook business page along with cover and profile photos. We can even help you create a strategy to increase your customer engagement.
Some marketing efforts are like that. Instead of taking careful aim with a well-planned marketing effort, we just throw feathers in the air and hope they land profitably. It was one of my clients who said that last week when we were talking about marketing. He gave me permission to tell you about it. As fun as it sounds, throwing feathers is really not effective.
Marketing is a strategic activity. I know that sounds serious, but if you are trying to make a living from your business it is critical. It can be complicated, but it doesn’t have to be. Doing a few key things can produce a big impact on customer engagement and ultimately increase sales. There are four things you need to know to get your marketing right.
You need to know your marketing goal. Of course we all want more sales, but it takes incremental, small goals to get them. If you don’t know what you are aiming at, it will be hard to hit. For an email campaign, your marketing goal could be to get your recipients to click on a link to your website or to print a coupon and bring it to the store. If you have Facebook followers, you may want your ad to bring people to your website where they sign up for your newsletter. If you are using newspaper ads, you may want people to bring in a promotion code for a discount on ‘Wednesday Only’. You get the idea. Every marketing message has a specific, measurable goal or you really are just throwing feathers.
The second thing you need to know is who is your ideal customer. Marketing begins as a single message targeted to a specific person, but your real objective is to build a long term relationship. If you figure out what kind of person wants, needs and loves your products, then you can create a customer profile which helps you talk directly to them with your advertising content. Talking to people who just turned twenty is a different thing than talking to a sixty-five year old consumer. Their wants are different. Their language is different. The places they search for information are different, too. Which brings me to the next thing you need to know.
Your Media Channels
Once you identify your ideal customer, you need to find out where they look for product information. We already know that a lot of people go to the internet to find local businesses, to find reviews and to read about products. In 2014, Adweek reported that 81% of consumers look online first, but there are still people who read the newspaper from cover to cover.
You want to be found wherever your ideal customer is looking for information. Will you post on Facebook, Instagram or Twitter? Will you create an advertisement for the news paper? Will you make a postcard for a direct mail campaign? Should you use TV or radio to put your message out there? These are media channel decisions you need to make based on who buys your products or services.
The last thing you must know is what makes you different than all the other folks running a similar business. Brand is the perception people have of your business, charity, organization or even city. You know what you want people to think of your business or organization, but to get them thinking in that direction you will need to tell them. Tell them your brand story. This is the arrow you let fly toward the target–the message you will consistently share with your ideal customers on all your chosen media channels.
For example, if the essence of your business is to save customers’ time by fixing their flat tires in 10 minutes or delivering flowers, then make that a part of the marketing content. If you make them feel special or pampered, then tell them that. Just remember any promises you make do need to be kept because shoppers remember the bad right along with the good. And they tell your brand stories, too.
To learn how to build your strategy we recommend Duct Tape Marketing by John Jantsch. Check him out on YouTube.