Have you struggled to achieve satisfactory results from past business marketing efforts? You’re not alone. Most entrepreneurs waste lots of valuable time struggling to find effective advertising solutions. Trying to grow a business and spending a small fortune in the process, only to get back very little in return, is a painful and unpleasant experience. The failure to bring on new clients via effective advertising will keep you from becoming successful. This inability to generate leads is common in new businesses, and forces most one-time business owners to abandon their dreams, back to the safety of a 9 to 5.
Don’t let past marketing efforts that failed to produce new clients lead to a fear of failure, or convince you to abandon advertising completely. It takes money to make money, all successful business owners and managers embrace this fact. New clients are a necessity for any business to grow and remain strong, without them your business will fail. So, the question is not whether you should market your business, the question is how can you best market your business? Yes it takes money to make money, but that money needs to work smart to make an impact. You need to find out how to allocate the money you do have into advertising methods that guarantee higher margins of profitability, and invest your advertising budget in new lead generation techniques that result in a measurable increase in new clients.
How could a profitable advertising campaign help your business grow? Visualize the success you want, and then focus your resources on the positive to make it happen. A positive outlook could provide the spark you need to evaluate and learn from negative advertising experiences, and create a successful marketing plan from past failures. Here’s how:
Go back and make note of every advertising method you have ever tried in the past
Now examine and make note of all of the current ways you are spending money to advertise your business
List each marketing type above in a spreadsheet
For each method in the list, write down the total amount of money spent on that advertising method to date
You should also calculate in the cost of time allocated by staff members to the total amount spent for each
Now add up how much projected revenue you’ve gained from each of those methods to date
Including recurring revenue from clients who found you via that one method but used your services multiple times
Your list may resemble the following, an example marketing analysis data provided by a Phoenix area IT firm:
How can you take a list like this one, built with data from your own business, and focus on the positive to turn around negative advertising adventures? To start, look at your list as a framework to learn from and build upon. The first step is to identify which advertising methods work and discard all others. It’s important to avoid wasting marketing budget if you want your business to grow. See the following graphic, we went through our sample list and crossed out all forms of marketing that resulted in wasted budget:
The above methods, crossed out in red, cost a total of $142,112 but only resulted in a total of $12,224 in revenues. That’s a total loss of $129,888. The first step towards success in marketing is eliminating those methods that fail to generate more revenue than they expend. If you are losing money, consider another medium. Your most important resource as a business owner is time, so don’t wait forever to take action. Reallocate your budget immediately by eliminating every advertising method you’re spending money on that isn’t working (those items in red above). Once you free up this money, you can either move those funds to advertising methods on your list that are proven to be profitable, or try new marketing avenues that you haven’t yet explored.
Focus on the Positive to Improve Your Advertising
To improve on advertising methods that are not as profitable as they could be, the solution is to focus on the positive. The return for methods on your list that are close to break-even can usually be improved by making a few adjustments. In our example above, the question was how can we improve our video ads to make them more profitable? For your list, evaluate your products and services from the your customer’s point of view. What service or product are you currently providing that existing clients really like? Think about all the positive qualities of your product, service, and offer, and hone in on what your customers are looking for. Next, change up the message in your lower performing advertising methods to better deliver on the needs and wants of your ideal client. It doesn’t matter if you’re creating articles for content marketing or producing videos for social media sites. Pour your enthusiasm and pack value into what you’re doing, the main idea here is to focus on the positive. In our case, for a recent video content marketing campaign, we re-thought the entire campaign to come up with ways we could produce higher quality videos that were more engaging, entertaining, and useful for our target clients.
Whatever you do, keep a positive mindset and don’t be afraid to invest in your business. Remember, it takes money to make money. While you should definitely try new things, you should also keep a watchful eye on your investments and tend to them on a regular basis to maximize results. Doing so will allow you to eliminate obstacles and negative investments, focus in on those things that are working well, and create powerful new marketing messages to attract new customers.
The Social Network Princess with seenBEST Web Design talks about: What’s Hot in Social Media? In this video learn how Nolan Daniels in Arizona fooled hundreds of thousands of people online into thinking he was the winner of a $500,000,000 (five hundred million dollars) lottery jackpot. All he needed to pull this off was a little bit of photo editing magic and his Facebook account.
If a picture is worth 1,000 words, what is a video worth? Video is a great way for you to form a personal connection with visitors to your website, increase conversion rates, and drive traffic to your website from YouTube and elsewhere online. So why do most people avoid creating videos for their business? Many first-time clients say they are too self-critical or don’t have the time to bring their elaborate ideas to life.
Look, you don’t have to be a movie star OR have an Oscar winning idea to make a successful video! Just be yourself and talk about things you’re passionate about. If you want to do it yourself, a webcam and simple movie making software will do. Or seenBEST Internet Marketing can help. Our video packages start at only $500 and include idea brainstorming, writing a professional script for you, a recording session where we come to you and record the video using HD video and audio equipment, post video production and editing, and posting your new online and embedding it to your website.
We can record and publish to the internet for you:
Staff bio video
Highlights from your events
Landing page sales videos
Customer video testimonials
Could your Arizona business benefit from video marketing? We travel anywhere in the Phoenix and Scottsdale area. Call (602) 456-0150 for a free consultation.
Chart Your Business Course for 2012: Check the Economic Trends and Select Your Next Internet Marketing Move
Good news on the economic horizon means opportunities for small businesses to ride a prosperous wave in 2012. Review these recent reports and then consider whether (and how) you should adjust your Internet marketing presence.
2012 Business Trends at a Glance: Curving Upward
Jobs – Up: Available jobs are increasing, especially in Arizona. Lee McPheters, director of the JPMorgan Chase Economic Outlook Center at Arizona State University, reported Arizona moved from No. 49 among the states for job creation in 2010 all the way up to a top 10 growth state in 2011. Nationwide, the hiring outlook overall for 2012 remains cautiously optimistic, with small business hiring notably expected to increase, according to CareerBuilder 2012 Hiring Forecast. The ABC News 2012 US Economy Forecast cited CEO Brian Hamilton of financial information firm Sageworks, who said, “The jobs numbers are getting better,” and Kiplinger agrees that job creation is picking up.
Retail Sales – Up: Not only were holiday retails strong in 2011, according to USA Today, but overall retail sales rose 4.5% year-over-year in 2011, according to the International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index (cited by CNN Money). For small businesses and especially those using refined Internet selling strategies, the news was very good. As Internet Retailer reported, the online holiday shopping season generated at least $35 billion in sales for web retailers according to comScore Inc. Many smaller niche web merchants also closed out the online Christmas shopping season with a nice boost to their fourth quarter sales by making constant updates to their marketing and merchandising plans. Internet businesses gained ground by concentrating on their best customers, using social media and offering highly targeted incentives.
Economists – Favorable: Arizona’s economic indicators have been improving, according to the University of Arizona – Arizona Economic Outlook 2012-13. The state’s personal income, wages, and employment are growing at increasingly faster rates. Spending is robust while unemployment, bankruptcies and residential foreclosures are happily declining. Nationally, the 2012 Goldman Sachs white paper, The Outlook for the US Economy, reports household debt burdens have continued to improve. Inflation is not expected to significantly increase. As USA Today reported, holiday retail sales strength, steady manufacturing performance steady and housing market resurgence all point to sustained corporate profitability in the coming year.
Business Metrics – Up: Kiplinger estimates the U.S. economy will grow about 2.3% in 2012, a bit faster than the 1.8% pace in 2011, and businesses appear willing to invest in new equipment to expand production after several years of slowed production. A Reuters report observed manufacturing grew at its fastest pace in six months in December, capping a late-year upswing, and a rise in new orders for manufactured goods suggested momentum going into 2012. Another report showed U.S. construction spending neared an 18-month high in November.
Consumers – Polling Optimistic: AnAssociated Press poll result suggests 62% of Americans are optimistic about the economy in coming year, while 78% are hopeful about the year their family will have in 2012. The public’s expectations for this year’s economy reached their highest point since last spring.
What Is Your Internet Marketing Agenda in 2012?
Being first to spot an oncoming tide is vital both to boaters and to business owners. Given these economic climate trends, now is the time for small business owners to re-evaluate and re-energize their online marketing campaign. Over the next four weeks, we’ll give you insights and tips for creating websites, SEO/SEM strategies, social media campaigns, and other tools to build your Internet marketing presence and success.
1. If you don’t have a website, now is the time to get one. Truly, if you don’t have a viable website, then you are almost certainly missing tremendous business opportunities. If your website has not been redesigned in over three years, it might as well be an old phone book: outdated and not terribly practical. Rather than rush into new marketing channels, it makes sense to build a website that helps establish your brand and reputation while it produces leads and sales. With more online customers out there, you can’t afford to ignore them.
2. If you do have a website but don’t show up near the top of the search results page, now is the time to invest in strategic Internet marketing. More than just techie buzz words, Search Engine Optimization (SEO) and Search Engine Marketing (SEM) help propel you to the all-important top spots in relevant searches for your products and services. What strategies will make the biggest impact on lead generation for your business? Pay per click advertising via search engine marketing (SEM) and search engine optimization (SEO) can be the most effective forms of marketing activities for your business in 2012.
Staying on top of the latest trends is not an easy task. While you focus on the day to day operations of your business, hiring the right SEO and internet marketing company can save you time, money, and increase the bottom line. Google is making more changes to their system in 2012. New website analytics are coming as well. Hiring experts to help update your website design and SEO will keep your business in front of potential customers under the current Google system and continuing as Google evolves.
At the same time, consumer Internet use patterns and preferences are favoring social media as well. Webmarketing’s report also showed 55% of companies closed deals from social media leads, and social media is expected to see the biggest increase in investment moving into 2012 as it impacts all facets of marketing strategy.
3. If you don’t have an ongoing relationship with your clients, now is the time to establish social media and email campaigns. Social media helps develop interlocking communities, building relationships with site owners, publishers, and bloggers, which in turn bring new link opportunities for SEO. The landscape is diverse, with many areas to focus on including Facebook, YouTube, Twitter, Google+, and LinkedIn. A competent internet marketing firm with the experience to help tie all of these social networks together with your overall SEO and SEM plan will position your business for future success.
Experts agree that tapping into social media empowers small businesses with limited budgets (or low cost items) to market to a receptive audience and even create brand recognition and trust. Michael Brito of Social Business News suggests focusing “on building trust with the community first, then figuring out how to monetize (or get a lead).” A company with the right social media strategy can reach and out to customers like never before.
4. If you have some Internet marketing pieces but not all, it may be time to compliment what you’re doing with video marketing, PR campaigns, blogging and quality content. Which of these Internet features make sense for your business? Hiring the right internet marketing firm that has a solid understanding of what’s out there and how it can best help your business is key. The companies with the best internet marketing strategies, using the most cost effective marketing techniques that are custom to their business model will outpace the field by generating and converting more leads than the competition.
Wow! But Can I Do Any of These Great Things?
To learn how to ski or surf, your best bet is to get an expert skier or surfer to teach you. The expert sets you up with the right equipment, shows you the right moves and why, and stays with you as you learn. You may not need the expert forever, but the coaching prepares you to move forward on your own when you’re ready. And so it is with Internet marketing and website design. The experts at seenBEST Web Design in Phoenix, Arizona, will help you create a successful online marketing campaign using the latest technologies in web design, search engine optimization, social media marketing, video marketing, and internet marketing. Call today (480) 256-9010 for a free consultation and catch the wave to prosperity in 2012!
seenBEST Web Design produces custom videos to market your business on the internet. We script, film, edit, brand, and publish high quality videos to your website, social media properties, and YouTube channels.
Let seenBEST Web Design create your next internet marketing video. Video is great for:
Personal messages to clients
News or announcements
Our full range of internet marketing services ensure that your new video will be seen. Market your Phoenix, Arizona business professionally with our complete array of internet marketing solutions including website design, web development, internet marketing, social media marketing and more.
Call us at (602) 456-0150 to schedule your free consultation.
Why 10 Leading Marketing and Business Experts Warn Against the All Too Common Mistake of Cutting Marketing Budgets in a Slow Economy
Imagine reading a newspaper that has one and only one advertisement. You would notice that advertisement. You might even marvel at it. Now imagine the same newspaper with 50 advertisements. Would you still notice that one advertisement? Not likely.
When all other advertisers cease their marketing efforts, the advertiser who stays in the media is the one who catches the readers’ and buyers’ attention. But don’t take our word for it: consider what the experts say.
“Successful companies do not abandon their marketing strategies in a recession; they adapt them.” The venerable Harvard Business Review instructs business owners in “How to Market in a Recession” to adapt marketing strategies rather than cut them. “Instead of cutting the market research budget, you need to know more than ever how consumers are redefining value and responding to the recession….This is not the time to cut advertising….Brands that increase advertising during a recession, when competitors are cutting back, can improve market share and return on investment at lower cost than during good economic times.”
“Prospects are more likely to recall marketing messages delivered consistently during a fragile economy, even if they are smaller and less frequently delivered.” Jay Levison, veteran marketing consultant and author, warns in his book, Guerilla Marketing During Tough Times, that “…many companies have scrubbed or reduced their marketing budgets to combat tough times and that it will cost those firms three dollars for every dollar formerly spent to reach the same level of consumer recognition and share of mind they previously enjoyed.”
“Cutting your marketing spending is a sure way to give ground to competitors who may be more aggressive during the downturn.” An article published on business mogul Bloomberg’s BusinessWeek, “5 Don’ts for Marketing in Down Times,” offers that “just as the savviest investors view down markets as a time to buy when everybody else is selling, the savviest marketers know recessions are a great time to pick up market share. They understand that by maintaining their budgets (or even increasing them) they may not come out ahead during the down times, but they can pick up market share that will pay off in the long run.”
“Research shows that companies that consistently advertise even during recessions perform better in the long run.” A Wharton University article, “When the Going Gets Tough, the Tough Don’t Skimp on Their Ad Budgets,” urges business owners to continue advertising. “A McGraw-Hill Research study looking at 600 companies from 1980 to 1985 found that those businesses which chose to maintain or raise their level of advertising expenditures during the 1981 and 1982 recession had significantly higher sales after the economy recovered. Specifically, companies that advertised aggressively during the recession had sales 256% higher than those that did not continue to advertise.”
“Become proactive rather than reactive.” The book, How to Up Your Profit in a Down Economy, by author and advertising copywriter Robert Boduch, encourages business owners “to make it a habit to reach new prospects every week – better yet, every day….To generate new customers consistently, you need a continuous marketing action plan.”
“With the right advertising tactics, a downturn can actually provide opportunities for online marketers.” A Google Adwords acticle, “Top Tactics for Tough Times,” suggests that “Now more than ever, your customers are relying on the Internet to help them make the best purchase decisions during tight times.”
Online “communities and social networking sites are cost-effective and have a measurable impact on prospects’ decisions in the consideration stage, which will be important to companies under recessionary pressures.” Josh Bernoff, Sr. VP Idea Development for Forrester Research, one of the leading IT, marketing, and technology research and consulting companies, writes in “Strategies for Interactive Marketing in a Recession” that “interactive marketing programs are now fueled by measurable results.” Bernoff suggests that “interactive marketers should stop toe-dipping and invest only in programs that can deliver on measurable metrics.”
“What you have to think about is whether increased spending will give you an even greater return.” An article in the Search Engine Guide, “How to Get the Most Value From Your SEO Investment,” explains that “spending less would be nice, but you have to get out of that mindset. Target, Walmart, Pepsi and Coke all continue to spend, spend, spend on their marketing because they know it gets results. And the second they stop spending, they know they lose market share to their competition.”
“Today, as web browsing has become more and more pervasive, the way people shop has changed.” Google’s Jim Lecinski defines “What the ‘Zero Moment of Truth’ Means for Marketers” and explains that “long before shoppers find products on a store shelf, they search for the best options online. By the time they make a purchase, they have read reviews, compared prices and fully evaluated their options, whether they are buying a pillow or a Porsche.”
“As Americans spend more time online for information and entertainment purposes, digital advertising and marketing has emerged as one of the most effective tools businesses have to attract and retain customers.” The Interactive Advertising Bureau (IAB) reported “Internet Advertising Revenues Hit $7.3 Billion in Q1 ’11,”a 23 percent increase in the first quarter of 2011 over the same period in 2010. “This marks the highest first-quarter revenue level ever for the industry and a significant increase over last year’s first-quarter revenue level, which had been the highest on record to date,” stated the IAB. “The consistent and considerable year-over-year growth we’re seeing demonstrates that digital media is an increasingly popular destination for ad dollars, and for good reason,” said IAB President and CEO Randall Rothenberg.
“Now is exactly the time to take advantage of marketing, and to use it strategically, proactively and effectively,” counsels Allen Levine, a respected marketing consultant to the legal industry, in his article “Marketing in Tough Times.”
Ready to take advantage of this challenging economic period and make your business stand out from the competition? A professional online marketing team will give Phoenix small business owners the best ROI for their marketing dollars by developing an integrated campaign. The experts at seenBest Web Design, Phoenix, Arizona, are savvy in all areas of marketing on the internet and can tailor a campaign to effectively and affordably meet the small business owner’s budget and business goals. Call us today for a free consultation, (602) 456-0150!
Phoenix / Ahwatukee Arizona: 15815 S. 46th St., Suite 116, Phoenix, AZ 85048 Chandler Arizona: 281 N. Roosevelt Ave. Suite #1, Chandler, AZ 85226 Phone: (480) 256-9010 | Email:firstname.lastname@example.org
Specializing in website design and internet marketing services for these Arizona cities: Apache Junction, Ahwatukee, Carefree, Cave Creek, Chandler, Chandler Heights, Fountain Hills, Gilbert, Glendale, Higley, Laveen, Mesa, Paradise Valley, Peoria, Phoenix, Scottsdale, Tempe