Best Small Business Marketing Strategies for Today
Some of the best small business marketing strategies are those that have been utilized for years. They include the standard practices, such as: networking with business associates, joining your local Chamber of Commerce, guerrilla marketing, advertising and cold calling. Increasingly, though, small businesses are using new techniques and methodologies that leverage the Internet. Consider that there are over 34,000 searches per second on Google. Consumers search for everything including research information, how to source and buy products and much more. It’s been estimated that fully 20% of these searches are for a local type listing, e.g. finding a business in a local region, county, or city.
By utilizing widely available Internet tools and services small business owners can market to new and existing customers in ways not available in the past. Traditionally, products were marketed through newspaper ads and classifieds, yellow pages and even radio spot and TV commercials. Generally these marketing mediums are called “offline” marketing. Tracking offline marketing campaigns were difficult and often downright impossible. There was really no “direct” way of measuring success, except through surveys and inserting ad response codes. One of the problems is that people forget ad response codes and surveys do have a high percentage of related errors.
New Internet / online small business marketing strategies incorporate such concepts as social networks, online PR and the newly renamed Google Places. Let’s dissect these strategies to see how they fit within any small business’ overall marketing campaigns.
Google Places is essentially a local listing within your demographic area, whether it is a county, city or borough. With Google places, small businesses can list their company utilizing words that people type into Google search when looking for a service or product. For example, when someone searches for a “tailor” in Manhattan, New York, Google would serve up a list of tailors in that area. These listings appear even before the traditional top 10 organic listings that Google services us. It’s imperative to understand how to utilize Google Places in order to maximize your potential customers.
Online social networking complements offline networking with business associates. Think of online social networking as joining your local Chamber of Commerce or socializing at the office water cooler. Through online social networks, such as Facebook, Linkedin, and MySpace, small businesses can reach out to many more potential customers than they could ever have achieved through using offline networking avenues alone. Learning how to navigate these online social networks is critical to reaching new customers, as well as maintaining existing ones.
Small business marketing strategies should also include online PR. Small businesses are used to guerrilla type marketing. Think of online PR as another way of getting your message across to your market through free and cheap publicity. Generally there is a section in newspapers and magazines for announcements, such as a staff promotion, a new product, education and things like new partnerships. By issuing an online press release, you can reach thousands of viewers without alienating them through a “sales” pitch. Press releases are generally viewed positively and “trustworthy” by consumers.
Incorporating these new marketing strategies will help small business owners maintain their market position, as well as grab new markets. This is especially true during this period of transition as offline marketing reach through print, radio and TV declines and gives way to online marketing through the Internet and mobile devices.
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