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By Pia Silva

Even if you have your act together with your business branding— you have a website, a logo, business cards, and a social media account— if you’re a small service business, there’s one thing you are probably not giving the love and attention it deserves. And this one thing is your very best opportunity to take your business to the next level.

It’s having a clear, actionable, repeatable, easy-to-maintain lead generation plan. A clear set of actions you can take that will bring in qualified clients every month, warm them up, and turn them into raving fans, amazing referral sources and, best of all, paying clients.

Since there are so many options for lead generation for a service business, I recommend starting with and focusing on one clear marketing strategy, and tweaking it until it’s a reliable source of clients.

And the most powerful option for most entrepreneurs and solo service business owners?

A high-touch, one-to-many experience for your prospects.

Remember, as a service provider you don’t need thousands of clients. If you’re trying to build a profitable business that provides a lifestyle full of freedom, you just need a handful of profitable clients who will pay higher prices for valuable outcomes, rather then hourly rates for freelance-style execution.

Therefore, the best lead generation strategies will take an individual through an experience that can build trust with prospects as quickly as possible.

And there is nothing better than an interaction on video or live, in person, to build that trust and bring your brand to life for them. This is usually something along the lines of a presentation, a masterclass, or a webinar—an event or experience where they feel like they know you by the end.

If you’re a service business, like the 1-2 person branding agencies I coach, you just need 1 killer one-to-many experience that is going to quickly turn cold leads into your biggest fan club by positioning you as an expert.

And once you have this, it will quickly become your most valuable brand asset.

What Makes One-to-Many Marketing Your Most Valuable Brand Asset?

I know it sounds like the old chicken-and-egg cycle. You need a brand to inform and drive your marketing, but you need marketing to help you show off your brand.

But consider that prospects experience your brand through your marketing. People get to know you not just through the words on your website, but also how you market yourself.

The one-to-many approach is such a powerful strategy that one business owner I work with—Amanda Dahler, owner of Outspoke Design—focuses solely on helping people build their brand with a powerful presentation, class, webinar, or masterclass. The goal of her service is to take your existing brand and bring it to life in a way that puts you squarely in the position of “trusted expert.”

I recently asked Amanda for her take on this one-to-many strategy: “I see a presentation as the most high-impact, the most high-stakes, the most bang you can get for your buck as a business owner. You’ve got a room full of people who are ready to connect with you. And if you position yourself the right way and do it authentically, you have the opportunity to connect with them. It’s not like having a one-to-one sales call where you have a great relationship. You make a connection doing this with many people at one time, and there’s simply no equivalent for the amount of trust that you can build in a presentation as opposed to any other form of marketing.”

Marketing and Branding Are Two Sides of the Same Coin

Speaking in front of an audience in a one-to-many setting is powerful. It turns your brand into an experience that is unique to the entire audience and yet shared between them at the same time.  That connection is what is going to make people buy.

And it doesn’t stop or start with the presentation. There are touch points before and after that contribute to the whole experience. In the end, the goal is that there’s an internal transformation within the presentation where somebody moves from sceptical to believer.

But when a client doesn’t have their brand together, it’s impossible to do this well. That’s why all marketing starts with branding. That brand work, that strategic work, is the thing that makes your one-to-many presentation punchy and memorable and powerful. It’s what makes you stand out from the rest.

How to Build Your Best Brand Asset

When I coach 1-2 person branding agencies on scaling their businesses without growing a team, using one focused, one-to-many strategy is a key method we use to bring in the biggest, most profitable clients. But you can’t do this without having your brand and business model in order. My method for doing this has been my No BS Agency model which is all about simplifying who you work with and how so you can focus on becoming an expert in one area. If you’d like to see what that model looks like, grab the free blueprint to see if you can implement this model in your business.

Feature Image Credit: illustration by Steve Wasterval

By Pia Silva

I am a partner and brand strategist at Worstofall Design where we build brands that turn expertise into profit. Unlike most branding firms, we build entire brands in days instead of months, and only work for 1-3 person service businesses. Our unique process and niche positioning has helped us to overcome the hurdles we struggled with when we were starting our business, reliably attracting a steady flow of high paying clients and allowing us to enjoy the freedom that inspired us to become entrepreneurs in the first place. At Forbes, my goal is to clarify and simplify the elusive idea of “branding,” and share practical tips and tangible steps to help businesses find their unique brand voice that leads to profit.

Sourced from Forbes

By Parkev Tatevosian

The e-commerce giant has been gaining ground in the advertising market.

It may be a curious phenomenon that Amazon ( AMZN -1.05% ) is happy about increasing ad spending, but it’s true. Over the past few years, Amazon has built itself into an advertising giant. The company is generating an increasing share of its revenue from advertising, and since that revenue tends to be more profitable than the overall business, it’s become an essential element.

For that reason, Amazon and its stockholders must be thrilled with a recent Wall Street Journal article that highlights advertisers are spending much more online this year.

Advertisers are finding online spending more lucrative

According to GroupM, global ad spending will grow 22.5% to $763 billion this year. That’s the second revision upward from GroupM since it first gave estimates in December 2020. After many businesses had to shut their doors to customers in the early stages of the pandemic, this year has consisted of vast reopening’s worldwide. That’s given cause for advertisers to increase spending: to get the word out that they are open for business again.

Interestingly, digital advertising will encompass 64.4% of the total in 2021, up from 60.5% in 2020 and 52.1% in 2019. The rapid shift to online advertising is not entirely surprising. Typically, marketers can more effectively measure the returns from online advertising. For instance, it’s difficult to calculate how many people heard a radio advertisement or viewed an ad placed in a newspaper.

Indeed, you can get approximations by looking at estimated listener audiences or subscribers to the newspaper, but they will be far from precise. Compare that with digital ad spending, where marketers can see how many folks viewed the ad and how many clicked on a link.

Moreover, with the proliferation of online shopping, it only makes sense to increase advertising online. People browsing the internet on their computers or phones typically have a payment method on file. If they see a compelling advertisement, they are only a few clicks away from purchasing.

Amazon is already benefiting from the shift

Amazon does not break out how much it makes from advertising specifically. However, it states that one of its segments consists primarily of ad revenue. In its most recent quarter ended Sept. 30, the segment that contains advertising reported revenue of $8.1 billion. That was up by 49% from the same quarter the year before. Amazon is home to hundreds of millions of shoppers who are one click away from purchasing, making it a desired online destination for ad spending.

“We’ve also seen strong growth in our advertising products as vendors and sellers have embraced their ability to build their brands and reach customers just as they consider their purchases,” CFO Brian Olsavsky said during the company’s Q3 conference call.

Indeed, ad revenue has almost doubled at Amazon since Q2 2020, growing from $4.2 billion to the $8.1 billion mentioned earlier. As folks keep looking to Amazon for their shopping needs, advertisers will increasingly be interested in gaining their attention in the meantime.

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Feature Image Credit: Getty Images.

By Parkev Tatevosian

Sourced from The Motley Fool

Sourced from PCWorld

If you’re building a business, then it’s especially vital to understand your audience. But the data collected by most analytics tools can be really difficult to comprehend, making it that much harder to put it to work. Which is why you might consider switching to Analytics-Base, especially since it’s being offered at 48 percent off the regular price this week.

Analytics-Base is business analytics software that makes it easy to understand your clients’ behavior. It features a simple and clean interface that even beginners can make sense of, it doesn’t track IPs or use cookies, and it integrates easily with platforms like Shopify, WordPress, and Squarespace. And then, once it collects data, it presents it to you in a way that’s far easier to understand, so you can make changes that are more likely to increase sales.

This software works with any web browser, so you don’t have to worry about compatibility issues. You just buy it, install it, and quickly get it working for you. And since you can get a lifetime subscription right now for only $25, then it could even pay for in a matter of hours. 

Sourced from PCWorld

By Stevie Snow

What does your brand positioning statement say about you? Is your brand motivational like Nike, environmentally focused like Patagonia or a trend-setter like Outdoor Voices?

Maybe your company doesn’t sell activewear, but you get the gist. Strong brand positioning gives your target audience a solid idea of who your brand is and why they should choose you over your competitors.

As any respectable marketer in need of inspiration does, looking to other brands that you know and love — or know and compete with — will help you determine what you should incorporate in your own brand strategy.

Lucky for you, we compiled some brand positioning statement examples that will do just that.

What Is a Brand Positioning Statement?

Brand positioning is all about setting your brand apart from the crowd. A full strategy includes branding elements like your logo and tagline that build your brand’s identity.

Your brand positioning statement is a grounding summary of your products or services and how they fill specific needs for your target audience. It’s an internal tool used to ensure all brand communication and marketing efforts are consistent with the identity, purpose and values that make your brand different from others in your target market.

By and large, a brand positioning statement conveys the distinct value your brand offers customers.

Why Do You Need a Brand Positioning Statement?

A brand positioning statement helps align your internal teams so that everyone is creating and delivering on-brand user experiences.

Remember that your brand identity is all yours! More important than boiling it down into a statement is whether your brand walks the walk. Your brand strategy should ensure that your company’s values and personality shine through all of your branding, marketing and communications materials. Customers are looking for authenticity and consistency — not a perfectly polished positioning statement.

Internally, though, that perfectly polished statement could be the exact internal tool you need to make sure everyone in the organization is aligned.

What Are the Core Elements of Strategic Brand Positioning?

The elements to consider when crafting your strategic brand positioning include your target audience, target market category, customer pain points, brand promise, brand identity, core values and mission.

To position your brand and stand out from your competition, your positioning should answer questions like these:

  • Who do you serve?
  • What do you serve them with?
  • How do you serve them?
  • Why do they need your product or service?
  • How do you solve a problem for your target audience?
  • What makes your brand trustworthy?
  • How is your brand different from others that offer similar products or services?

If it helps to get your gears going, here are simple formulas you can follow to create a winning positioning statement:

  • [Brand name] provides [benefit] because [compelling reason] for [target audience] with [specific need or want].
  • [Brand name] serves [target audience] who [specific need or want]. [Brand name] offers [how your company responds to need or want] to make customers feel [outcome of buying your product or service].

How Is a Positioning Statement Different From Other Marketing Statements?

It’s worth noting that your brand positioning statement is not the same as other classic marketing statements, including your mission and vision.

For starters, your positioning statement is used internally while your other statements are often shared externally. Your mission statement is the “why” behind your brand, your vision is where you’re headed, and your brand positioning statement is the value that your brand adds to your area of focus.

Your positioning statement is also different from your value proposition, which explains the benefits and desirable outcomes of your product or service. You can use your value proposition as part of your positioning statement, but the latter will also get into your brand’s differentiators.

12 Brand Positioning Statement Examples We Love

Full disclosure: These examples are not necessarily the exact positioning statements that these brands created! As mentioned above, brand positioning statements generally stay within the four walls of an organization. That said, if executed well, you can get a good idea of how a brand positions itself because it’s woven into the fabric of all of its external messaging.

Insider tip: You can also look at press releases for clues on a brand’s positioning statement. Generally, in the “About Company” section, brands will highlight their products, services and key differentiators.

These examples from well-known brands work on a basic level because we can take a solid guess at the positioning statement that grounds the messages they share with external audiences. We’ll also let you in on more reasons why we think these brand positioning examples work so well so you can use these as inspiration when crafting your own.

1. JetBlue Airways

For travellers across the U.S., the Caribbean and Latin America, and between New York and London, JetBlue is a leading airline choice that puts customer safety and comfort first. With features like the most legroom in coach, free Fly-Fi, and award-winning customer service, JetBlue is on a mission to bring humanity back to air travel.

Why it works: Travel can be a hassle, but JetBlue is here to make it more fun and comfortable by caring for its customers and crew members like family.

2. Apple

Apple provides innovative personal technology for individuals who want the best computers and mobile devices. With several product offerings and software platforms, Apple offers a seamless and connected experience that empowers people to easily access breakthrough technology that’s designed to leave the world better than how we found it.

Why it works: With its suite of easy-to-use products, Apple makes the latest in technology accessible to everyone from tech-savvy Genius Bar employees to everyday people trying to keep up with today’s digital world. Nowadays, Apple also relies on its established brand identity and history for credibility, though its consistent branding helps position the company as a mainstay in the circle of technology leaders.

3. Coca-Cola

Coca-Cola is a total beverage company that offers a wide range of refreshing drinks for customers around the world. With a focus on positively impacting lives, Coca-Cola is about creating happiness, reducing environmental impact throughout the supply chain, and providing thousands of economic opportunities in local communities worldwide.

Why it works: Coca-Cola is aware of the Coke vs. Pepsi debate and it distinguishes itself by being an iconic brand focused on happiness and positive impact. The company’s focus on customer needs and current trends is also likely behind their attention to sustainable practices and economic opportunities.

4. Girlfriend Collective

Girlfriend Collective is a slow-fashion and size-inclusive brand for those looking to shop for sustainably and ethically made activewear. With a deep focus on people and the planet, Girlfriend Collective is a community of responsible and well-dressed shoppers.

Why it works: Sustainable fashion is becoming a trend capitalized by greenwashing brands but with transparency from the beginning and a competitive range of sizes, Girlfriend Collective is uniquely positioned as one of the more authentic brands to choose from.

5. HubSpot

Straight from the marketing guru itself: Since 2006, HubSpot has been on a mission to make the world more inbound. Today, over 100,000 total customers in more than 100 countries use HubSpot’s award-winning software, services and support to transform the way they attract, engage and delight customers. Comprised of HubSpot’s CRM, Marketing Hub, Sales Hub, and Service Hub, HubSpot gives companies the tools they need to Grow Better.

Why it works: HubSpot shows off its impressive reach and lineup of services to position the brand as an inbound marketing leader and top choice for effective marketing tools.

6. Slack

Slack is a leading messaging platform for business communication, used by millions to align their teams, unify their systems and drive their businesses forward. No matter the size of the team, Slack allows people to collaborate more effectively and get work done.

Why it works: While Slack serves businesses of various sizes and industries, the company’s brand positioning focuses on the universal outcomes of using the service.

7. Mailchimp

Mailchimp is an all-in-one marketing platform that empowers small businesses to launch, build and grow with help from easy-to-use marketing and commerce tools, award-winning support and inspiring content.

Why it works: With a crowded market of similar business tools, Mailchimp differentiates itself by being an approachable, one-stop shop specifically for smaller businesses that need help scaling.

8. Zoom

For people and businesses who need to meet with others virtually, Zoom offers a seamless video communications platform. As the only platform that started with video as its foundation, Zoom’s platform set the standard for innovation in intuitive, scalable and secure digital connections.

Why it works: Zoom leans on its history of being the first video communications platform to reinforce its credibility and leadership in the market.

9. LUSH Cosmetics

LUSH offers fresh, organic and handmade cosmetics for people who are conscious about the products they use on their skin. From inventing bath bombs and creating new, innovative products to ethical campaigning and fighting animal testing, LUSH has come a long way since its humble beginnings.

Why it works: LUSH isn’t shy about boasting its original inventions and activism, while also remembering its roots. This translates to a welcoming, approachable and authentic brand, as well as messaging that leads with the differentiators that encourage shoppers to choose LUSH over other cosmetic products.

10. Blueland

Blueland is the answer for those who want sustainable alternatives to traditional household cleaning products and personal care items. A cleaner planet starts at home, so Blueland’s effective products eliminate the need for single-use plastic packaging and make it easy, convenient and affordable to be eco-friendly.

Why it works: Sustainable products have a reputation for being more expensive and less effective than their traditional counterparts, so Blueland positions itself to debunk those perceptions.

11. Hollaback!

Hollaback! is a non-profit organization that’s dedicated to ending harassment in all of its forms. The organization leads a people-powered movement to raise awareness about harassment against women, the LGBTQIA+ community and other marginalized identities as well as to conduct intervention trainings for people who want to take action to ensure equal access to public spaces.

Why it works: Hollaback!’s messaging encourages supporters to attend intervention trainings and donate to the organization by communicating its mission and the impact of getting involved.

12. Volvo

Volvo is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo aims to provide customers with the Freedom to Move in a personal, sustainable and safe way.

Why it works: We all know that buying a Volvo car isn’t about speed or sex appeal — it’s about safety and quality. And that’s because they’ve focused on this unique position since day one.

What Will Your Brand Positioning Statement Say About You?

We started by asking you what your brand positioning statement says about you and now we’ll leave you with the same question. As you write your own brand statement, ground yourself in your valuable differentiators and use these brand positioning statement examples for inspiration as needed.

And remember: Once you have your statement, make sure you have a strong positioning strategy in place so that your messaging repeatedly demonstrates your value to your audiences.

You know your brand’s worth, now make sure everyone else does!

By Stevie Snow

Stevie Snow is a writer at Brafton. Yes, she is named after Stevie Nicks. She’s a believer in “to life, to life, l’chaim!” because life is what brings us the Obamas, a really smooth vodka tonic and that moment on the dance floor when your favourite banger plays.

Sourced from Brafton

By Peter Roesler

A.I. is at the forefront of the latest and greatest technology developments. Learning how to make the most of this technology for your brand is necessary.

Feature Image Credit: Getty Images

By Peter Roesler

Sourced from Inc.

Sourced from Boss Magazine

As a small business owner, you might be tempted to take matters into your own hands when it comes to increasing your website’s organic reach. It may seem like finding the right keywords using some popular tools and stuffing your pages with loads of content because “content is king”. 

However, the game of SEO extends over keyword research and content creation. It is an extensive and full-time job that can be best left for an expert to handle.

Still not convinced? Here are three main reasons why you must consider SEO consultant service for your website’s growth.

Take a look.

Off-Site SEO & Content Marketing Strategy

If you speak with one of the SEO experts, you’ll realize that it’s more than just optimizing your site. The most effective SEO practices employ a comprehensive approach and offer a wide range of solutions to boost your website’s visibility.

What is the significance of this?

Numerous things should occur “off-page” to boost your SEO. This includes strategic link building and building citations. It would be helpful to have other trustworthy websites that could link back to your website as authoritative votes (hence the word “backlink “).

A skilled SEO consultant will ensure that your Google My Business account is authentic and optimized for search. It is particularly beneficial to find a consultant who has a deep understanding of the local market and the latest trends. For instance, an SEO company that is specialized in Silicon Valley businesses.

Free up Your Time & Money

If you’re beginning to feel overwhelmed by the plethora of talk of SEO, it’s normal. SEO can be fun; however, make no mistake: SEO is a full-time job. Trying to tackle it yourself can only distract you from the essential aspects of running your business.

SEO is a constant process that requires hours of testing, failures and research. It can consume time for working business people. In the worst case, you’ll be spinning your wheels with outdated methods which won’t benefit (or might even hurt) the SEO of your business.

When you weigh in all these reasons, hiring an experienced SEO consultant will make sense. They’re experts and know the ins and outs of their field, leaving you free to concentrate on your work.

What happens to the money you invest in SEO services? You’ll more than get the money back with a high ROI. Organic search (the core purpose of SEO) generates 51% of the web traffic – over five times the money spent on other advertising methods.

An expert can bring fresh insight to your marketing and website initiatives. Their prior experience coupled with an outsider’s viewpoint of your company can result in exciting and lucrative fresh marketing strategies.

Bring in the Right Kind of Website Visitors

Bettering your SEO efforts involves more than just bringing more visitors to your site. For instance, if you’re trying to attract customers within or around South Carolina, it won’t help draw customers from Miami or New York.

SEO experts concentrate on bringing suitable visitors to your website rather than just increasing the number of people who visit your site. This requires extensive analysis to find out what users are looking for and then altering your web content to satisfy those who have that requirement.

A part of this is identifying the appropriate intention-based keywords that you can use for your website. This can help drive visitors to your website looking for the exact type of product or services and are often eager to buy and not only people who are just browsing to gather data.

They also know (and can utilize) the analytics on your site to find out what is working and what’s not. By constantly updating your website’s content and marketing activities, an SEO consultant can increase your sales, not just your visitors.

Final Word

Learning SEO is a full-time task and one that you might lack the energy or the desire to devote yourself to. It would be beneficial to concentrate on running your primary business and let an experienced SEO expert handle your website’s organic growth.

Sourced from Boss Magazine

 

By Camomile Shumba

  • Anatoly Yakovenko, who co-founded Solana, says NFTs are essentially self-monetizing social networks.
  • Yakovenko said NFT communities did not rely on “poison marketplaces” to make money.
  • Experts have said NFT communities grow thanks in large part to word of mouth.

Non-fungible tokens might be all the rage right now, but they’re in fact the early foundations of the social networks of the future, according to Solana co-founder Anatoly Yakovenko.

NFTs are often sold as part of a collection, or come as part of a play-to-earn gaming platform, linking up owners all over the world. The sense of community is built in from the get-go and requires no external involvement.

“I think these are the early starts of true web social networks that do not rely on ads for monetization that don’t rely on Google or Facebook to function,” Yakovenko told Insider in a recent interview.

“They are purely these digital communities that can monetize/self monetize from their own content without the need of any of these external poison marketplaces,” he said. Yakovenko is a long-time critic of some of the advertising and data-privacy strategies of larger social platforms such as Facebook or Google.

Hype around the metaverse, a virtual reality where people can buy land, homes, luxury items that they pay for in cryptocurrency, helped make NFTs November’s best performing digital assets.

In the past week alone, a whopping $275.5 million worth of NFTs have been sold, according to Non Fungible data, thanks in part to rockstars’ avatars hanging out in the likes of Decentraland or the Sandbox with those of ordinary people, as well as digital art sales from the Bored Ape Yacht Club and CryptoPunks NFT collections. Community-based NFTs often bring perks to their members too.

The solana blockchain is a smaller rival to the ethereum network. It too can host decentralized finance applications, like smart contracts, as well as run NFTs, which are unique digital tokens that represent a real-world piece of content, such as artwork, music or video. Unlike cryptocurrencies, they can’t be exchanged like for like, making them a kind of digital collector’s item.

Chainalysis, a blockchain analytics platform, says the success of NFTs is a result of “community and word of mouth growth”.

They certainly appeal to communities such as celebrity fan bases. K-pop idol band BTS, pop star Katy Perry, along with fashion houses Burberry and Louis Vuitton are just some of the names that have dived into the NFT space. TikTok, a video-sharing social media platform, launched its own NFT collection in October. Snoop Dog even has his own metaverse called the Snoopverse and a fan coughed up $450,000 for a plot of virtual land to be the rapper’s neighbour.

Even with all the glitz and glamour around NFTs, they’re mainly something ordinary people will own. 80% of all NFT transfers between January and October this year involved people that spent less than $10,000 per transaction.

“I am really excited to see an NFT community go from – 10,000 people to 100,000 and then a million and then 100 million – that’s unbelievable, right?” Yakovenko said.

“What does that look like when there’s 100 million people that are all in – the same community that is driven by this digital content?” he said.

Feature Image: Anatoly Yakovenko

Solana

By Camomile Shumba

Sourced from Markets Insider

By

People depend on social platforms to connect with friends, watch videos, make online purchases, and more. As internet connectivity continues to penetrate the world, social media is now integrated into everyone’s daily lives. Also, these platforms are not just for posting content, they are powerful tools for ecommerce owners. As a result, you can now convert social media followers into your loyal customers with the right video marketing strategies. With the help of a video maker, you can create stunning videos that drive traffic, generate leads, create audience engagement, and increase your company’s bottom line.

Video Is Now More Important Than Ever

As of 2020, the number of online buyers is over 2 billion, which means one in four people all over the globe is an online shopper. And the majority of these buyers conduct online research before making their purchases.Take a look at these astounding figures below:

With these findings, it is clear that you have to leverage social media platforms to promote your business. For marketing to be effective, you need to send your messages to the right place, at the right time on the right channels. In today’s modern world, your clients hang out online. Since a large portion of your leads and customers use various social media apps daily, you need to be where they are if you don’t want to get crushed by your competition.

Gradually, people of the modern world are having reduced attention spans due to the technology that makes everything swift and easy. They don’t like reading lengthy blog articles without pictures. In the same token, a simple image is not sufficient enough to provide ample information. Hence, online users prefer to watch product review videos, how-tos, live demos, webinars, and the like. This is not surprising as videos convey more information using the least amount of time. It also assures better understanding because viewers utilize more senses with an audio-visual format.

The popularity of video content will continue to rise because moving messages prove to be more enticing and engaging. Most of all, viewers understand them better. Clearly, as an ecommerce owner, it is time for you to capitalize on the power of video content by using a video maker to create stunning videos that wow your audience.

What Is Social Media Video Marketing?

Social media video marketing combines two powerful approaches. First, video marketing is a noted strategy designed by marketing specialists to create and curate video content as a method of marketing goods or services to your target audience. It works by keeping viewers engaged with your brand, using an informative and entertaining format they love watching from start to finish. It is effective because video content is simple and easy to digest. It contains the power of words, the magic of images, and the beauty of sound in one remarkable marketing material.

The second component is social media marketing. This means you engage with the target audience using various social media platforms. Since everyone hangs out online, to the point of using their favorite platforms many times daily, it is no wonder why marketers believe you should focus heavily on social media to promote your ecommerce brand. Increasing your marketing efforts by using a video maker to craft stunning masterpieces for social media will allow you to increase your brand’s reach.

Remember, videos create more engagement as viewers prefer to watch them than read a huge chunk of boring text. Whether it’s to learn more about your product or just for pure entertainment, people will click that play button as long as you make compelling videos that resonate with them. For this reason, you need social media video marketing to capitalize on the popularity of social media apps and videos. You can create videos for the following social media platforms:

  • Facebook
  • Instagram
  • Twitter
  • LinkedIn
  • YouTube

Lucky for you, you can utilize multiple types of videos for different social profiles. You can create a video on how you founded the company, product overviews, how-to guides, commercials, and more. For best results, you need to find out the specifications and limits of each platform so you can optimize the videos you create with your video maker.

Why Your Business Needs to Implement a Social Media Video Marketing Strategy

When you look around you, you will realize that your fiercest competitors already use social media. They don’t just post pictures, articles, and updates, but they rely on stunning video content to capture an elusive target market. If you don’t want to get left behind, you need to begin implementing a social video media video marketing strategy for your ecommerce business. Take a look at the top four reasons why you need to use social media videos for your brand.

1.   Video converts viewers into customers.

Video informs, persuades, and entertains, which is why they make the perfect material for converting leads into loyal clients. With the right video content, you can capture your target market’s attention and make a great first impression. The key is using the right hook, and following it up with amazing content that keeps them engaged and interested in what you have to say.

You can use videos to inform them of your products, make announcements, and show behind-the-scenes footage. When they see real faces behind your brand, they feel more affinity for your goods or services. Besides, videos assure engagement with your target market because it is the fastest way to learn information. Videos prove to be more interactive than articles. When everything is presented visually with sound, you can show people what you mean instead of merely telling them. As a result, clients become more inclined to connect with your brand. If you don’t use social media video marketing for your business, you lose out on a fantastic way to help your company grow.

2.   Video builds trust between you and your audience.

If you want to build trust, use videos to make it happen. Trust is a vital component for every business. Remember, customers will only buy your product if they feel they can trust your brand. To maintain your credibility, establish your authority, and build solid relationships with your clients, you need videos. This medium fosters trust because you can be transparent and honest. Take a look at what you can do with videos to bolster customer confidence in your brand:

  • Show what goes on in your factory.
  • Exhibit your company culture.
  • Showcase testimonials from happy clients.
  • Conduct product reviews or how-to guides.
  • Let your authenticity shine with interviews.

As you can see, using videos allows you to create various video content that can help amplify your brand in the eyes of the people who matter. Moreover, leveraging this content on your various social media profiles assure higher visibility because people are more likely to watch, react, and share a video than other content formats.

3.   Mobile users crave video.

Today, your competitors understand the power of videos and social media to make an impact on your audience. Besides, people of the modern world don’t just use smart TV screens or desktops to consume content. Since the advent of mobile technology, from smartphones to mobile data, your clients love consuming content anytime, anywhere. With the rise of Bluetooth earbuds, more people watch videos while on the go. You can often see everyone watching videos as they:

  • Go on with their daily commute.
  • Wait for appointments to start.
  • Relax at home after a long day.
  • Take a breather while at work.
  • Pass the time while using the elliptical in the gym.

The list above is not exhaustive, but as you can see, people can do so much with mobile videos. In today’s forward-thinking society, multitasking is the name of the game. In fact, even kids young as two-years-old have their own favorite YouTube channels. Hence, creating brand videos with a video maker and releasing them on your social media profile will help you generate more leads and entice more prospects for your business.

4.   Video is the best content for social media.

Video works best for social media because it receives the most engagement. People are more likely to watch a video than read an article or view a photo album. Right now, social media users are more inclined to give their likes, comments, and shares for video content.

Besides, people log into their social media profiles throughout the day. And whatever interesting tidbit they see, they quickly react as the various platforms make it easy for everyone to voice out their opinions. Thus, it is not surprising at all why videos hold a strong influence on the viewers. If you want to create leads and convert them into loyal clients, you need to start churning amazing videos for social media.

5 Types of Social Media Videos Perfect for Ecommerce

Videos dominate the social media arena because they catch the eye and prove to be more appealing than text or photo content. As a result, you need compelling videos to drive audience engagement. Doing so assures your ecommerce brand gains tons of visibility, by driving traffic to your website or increasing sales. Now, the most important question to ask, is what kind of video content must you post for social media? Take a look at the top five best video formats to include in your marketing strategy:

1.   About us videos.

A brand is typically just a name and a logo. If you want people to feel more invested in your brand, you have to offer them something more valuable. ‘About us’ videos work well because they do exactly as their name says. They tell your clients what your brand is all about. If you remain a faceless name, people will not care about your brand at all.

If you want to make an impact with your target customers, you need to tell your brand’s unique story. What sets you apart from the other companies who sell the same products or services that you do? Why should they buy things from you? When your customers understand your company’s mission and vision statement, they feel more invested in your brand.

Hence, they begin to trust you more. When you ingrain your brand into their lives, they see you as something they cannot live without. If you successfully build a relationship, they will patronize your products.  To illustrate, Bliss World does a great job sharing various clips on social media to inform the world about their cruelty-free and vegan skincare products. They use:

  • Behind the scenes videos
  • Employee closeups
  • Product manufacturing clips
  • Clients testimonials

2.   Product close-up.

Writing about the product, no matter how in-depth, will never bring the same satisfaction as seeing the product up close and personal. Seeing what you want to up-close makes you feel more confident in spending your hard-earned money. If you want your clients to see the details and nuances of your product, a close-up video is a must.

This allows you to take shots of your product from all possible angles. As a result, your clients won’t miss out on any important details. Sometimes, whatever questions they have on their head will be answered when you show them every intricacy of what you offer. For example, Solo Stove portable fire pit and single stoves did a great job by showing every angle of their unique gadget that’s specifically designed for adventure. Those people asking if this is worth it will get their answers when they see for themselves what a Solo Stove can do.

3.   Product overview.

A product overview offers so much more than a close-up. Apart from showing different angles of the product, you discuss its purpose, features, and pricing structure compared to the others in the market. You can also discuss where you distribute your product so clients know where to buy it. As an example, Natori always does a great job presenting product overviews of their sexy lingerie lines from sexy silk nighties to comfy cotton pajamas.

Take a look at the different types of content you can create for your product overview:

  • Informational: This video covers what your product is all about. It helps you establish authority because you share helpful information. If you want to make sure they buy your products, always have handy informational product overviews.
  • Tutorials: Tutorials or how-to videos are super popular because people want to know how to use your products. Since they’re spending a lot of money, showing them this demo overview inspires confidence in your brand. After all, this is better than just reading any instruction manual. You can even tie this up with industry-related content to make it more engaging.
  • User-Generated: Nothing beats user-generated content because these come from your various clients. These act as testimonials coming from users who are happy with your brand. Best of all, this doesn’t cost you anything, as you can ask the original content creator for permission to share the video.

4.   Messages from the founders.

Hearing from the founder who conceptualized the brand makes people feel at ease. Using this method is a great way to showcase your company culture. Apart from encouraging sales, it can recruit new employees. You can try the following video formats:

  • Announcements: Release new product information and sales announcement to entice clients to keep adding products to their carts.
  • Appreciation: Make a thank you video to show your appreciation for your customers’ loyalty.
  • Q&A: An interview format with the founder makes for an engaging video. It satisfies the need for information. You can announce on your social media profiles before you release the video and ask them what they like to know.
  • Live Videos: Nothing beats a live story when it comes to showing authenticity. You can do a live interview session with questions from the chatbot. Moreover, you can show event videos and actual store footage. This method is effective as you can interact in real-time.

5.   Explainer videos.

As the name of the video implies, this does a great job in providing explanations about your products or services. They are very effective because they showcase both audio and visual stimuli to explain complex information thoroughly. As a result, your viewers can understand what your brand is all about, removing confusion and mistrust.

The key to making an effective explainer video rests on the script. It serves as the strong foundation from which the entire concept is built. Hence, you need to draft a good script with an accompanying storyboard before shooting. With this helpful guide, editing your project using a video maker online becomes a breeze.  You can use this to explain anything you want, and they are effective when used in:

  • Landing page
  • Product page
  • Social media posts
  • Accompanying blog articles

Strategies for Social Media Video Marketing Campaigns

Creating a strategy is essential, as a goal without a plan remains a wish. You need to create a video marketing strategy for social media to further engage with the followers you’ve painstakingly built. This also assures that you can continue to attract new followers. To improve your result, remember to follow these basic rules:

1.   Know your audience.

This tried and tested concept is central to any marketing strategy, and it holds even more true for videos. Since you will use a lot of resources to create your videos, you need to get things right. If you don’t know your audience, you won’t know what topics to include in your content. You need to know them to understand how and where they consume their content. Hence, you must be familiar with your target audience’s pain points, needs, and wants. These details can guide you in making your marketing materials.

Remember, knowing your ideal customers helps you write touching scripts and select images that appeal to their emotions. When you touch their hearts, they feel more compelled to support your brand. Most importantly, they will most likely share, like, and comment on your video uploads, assuring an increase in brand awareness.

2.   Run tests.

Before releasing your videos, it would be highly beneficial to do test runs. It will save you from doing guesswork. For best results, conduct an FGD or focus group discussion with key interviewees who best represent your audience profile. Ask them what they think about your brand and what would work best for videos.

Later on, examine tests and analytics to gauge which among your videos gather the most attention. How many people watch a few seconds as opposed to watching the whole clip? Check your data to see which topics gathered the most engagement. Knowing these details can help you map your content. As a result, you can focus your resources on the topics that your audience love. At the same time, you can figure out what went wrong, allowing you to avoid these costly mistakes in the future.

3.   Fit their videos to their platform.

While YouTube reigns supreme in terms of videos,  you cannot discount that many people watch videos on Facebook Feed, Facebook Live, IGTV, IG Stories, TikTok, and Linkedin.  Thus, your videos must match the platform as they have various specifications. Take a look at the following examples below:

For YouTube:

  1. Always have a call to action at the end of your videos, to guide viewers on what to do.
  2. Though you can upload videos that are 12 hours long, the majority of your users are mobile so stick to 30 minutes or less.
  3. Create a custom thumbnail because people see this when they search for videos.

For Facebook:

  1. When users scroll through the newsfeed, videos will autoplay without sound; so make sure your image clips stand out and consider adding subtitles.
  2. Upload native content on Facebook so your viewers don’t bounce out of your profile to another page.
  3. Max of 240 minutes video with 10GB only.

For Instagram:

  1. Take note of IG’s 60-second time limit on the feed because it will cut off, while IG stories have a 15-second cutoff.
  2. Put the most important information first so in case they don’t watch on IG TV, they have heard what matters.
  3. Use the IG Loop, which continually plays your videos until the users scroll down, to create seamless clips that keep viewers engaged.

For Twitter:

  1. Videos autoplay on Twitter so try to make an impact right from the start.
  2. Use quality captions that keep viewers interested.
  3. Limit videos to 20 seconds or shorter as this is mostly a text-based platform.

For LinkedIn:

  1. Most users of the site are professionals so keep your content the same.
  2. Limit videos from 3 seconds to 10 minutes long, with a total file size of no more than 5GB.
  3. Vertical videos will look square on the newsfeed.

For Tiktok:

  1. Limit videos to 15 seconds.
  2. Longer videos up to 60 seconds must be four 15-second clips recorded natively on the app.
  3. Use compelling captions

If you want to get the right message across to your audience, you must keep the platform in mind. Otherwise, all your hard work crafting the video will be wasted.

Wrapping Up

If you want to increase client engagement levels, generate more prospects, and build trust in your ecommerce business, you need to start capitalizing on videos. Share these on your various social media profiles to stay connected with your loyal clients and possible leads. Remember, videos convert viewers into customers because they are more likely to buy your products if they see them. Most of all, your customers are on mobile and they crave videos. Finally, videos just prove to be the best content for social media and receive higher engagement than any other content format. As you can see, the success of your ecommerce brand hinges in part on a strong social media video marketing strategy. To stay ahead of your competition, you must rely on video content or your voice will get lost amid all the noises online.

By

Tom More is the CEO and founder of Promo.com, the leading video content creation platform for businesses.

Sourced from BIGCOMMERCE

By Chris Davis

All successful businesses must have a strong digital marketing strategy to bring in more clients and more revenue.

Digital marketing means advertising and selling products through various modes such as social media platforms, search engines, mobile applications, emails, websites or any digital marketplace. Usually it involves an electronic device that is used to purchase something online.

Why are These Platforms Helpful?

With these platforms, you can easily promote and advertise products and services to your target audience. And because the world is still dealing with the pandemic, many people prefer to shop and purchase goods over the internet. Consider that 81% of people search online for a product or service, 74% have purchased online via any device and 67% use mobile shopping apps.

Identify Your Target Audience

For your digital marketing venture to be successful, first thing’s first: You need to identify who your target audience will be. No campaign can reach everybody. Every person has a particular taste. It would be best to target people or future clients who describe and exemplify the product, service or brand you are promoting.

To identify your audience, you need to specifically characterize them. For example, you are promoting a skincare product, and you also need to consider people who have sensitive skin that needs more care. Try researching the service area or location of your target audience.

Some examples include:

• Budget.

• Connection.

• Location.

• Hobbies.

• Target age.

• Existing purchases.

• Online searches regarding a product.

Identifying your audience might take you some time. Doing research and conducting surveys can help gather necessary information before you go all out. The more target clients you get, the more profitable your business will be.

Building Your Digital Advertisement

Before we go into the process itself, you need to know what digital advertising means. It is simply promoting products and services through the internet. It is the dissemination of materials using various online platforms such as social media platforms and websites.

Digital advertising is typically included in every business’s marketing strategy. There should be details on how the ad will connect with clients, not only via the promotion proper but also via email, blogs, social campaigns and search engines.

Steps Involved in Digital Advertising

Once you’re aware of what digital advertising is, you are ready to start the process:

1. Strategize

To succeed in your chosen business, you need to find ways to encourage and promote your brand to your clients. This is done by conducting surveys or research. The goal of this process is to identify any possible problems you might encounter and determine how you will solve them without compromising the effects on your audience.

People nowadays are quick to rely on the internet. Many easily trust what they see on social media. But there are still pros and cons to this approach, and it’s important to deploy your critical thinking skills.

2. Set a Budget

Your business won’t be successful if you don’t have adequate funding. After creating your strategy, allocating your budget comes next. This depends on what your goals are and your target market. Make sure to focus on:

• The people: If you decide to make a TV commercial, maybe your client is the general public. You’ll need to be ready to pay the price.

• The timeline: You must have a clear and concrete timeline of activities that will be involved in executing your business.

• The platform: Whether your chosen platform is social media, website or email, it will come at a cost. You will likely be choosing among paid searches or advertising channels.

3. Create a Production

Good production can lead to good business. It involves a creative strategy and teamwork — don’t try to go it alone. Make sure every aspect of the production emphasizes your business’s objectives.

4. Focus on Distribution

Lastly, the distribution process: This is where you want to promote your products and services through various platforms. It includes all those social media platforms, websites and even radio or television. The broader the scope, the better.

Importance of Digital Marketing in the Digital Age

All successful businesses must have a strong digital marketing strategy to bring in more clients and more revenue. Thanks to the rise of modern-day technology, you can easily reach people with just one click.

Here are some of the benefits to keep in mind:

Easy Access

Unlike the typical ways of delivering information to clients, you can quickly promote your products and services to target clients with digital marketing. You can keep them updated on the latest news via social media and email.

Easy Monitoring of Prices and Feedback

Conducting surveys through advertising might be time-consuming and expensive, but you can quickly check the number of clients, purchases and feedback with built-in analytical tools.

Many Affordable Tools to Choose From

Besides Facebook, Google Ads and YouTube, there are a lot of options for marketing your products online. You might want to consider affiliate marketing, which can help you reach a vast number of people.

Conclusion

Digital marketing is just one way of helping your business grow. Still, it can help you be innovative and creative in improving and enhancing your products and services. I hope this information makes you more aware of how digital marketing can help you keep your clients well-informed about your company’s offerings. Remember that as a business owner, the future of your company is in your hands.

Feature Image Credit: Jacob Lund/stock.adobe.com

By Chris Davis

Co-founder, Revcarto

Sourced from Newsweek

By Joe Martin

For many businesses, marketing can feel like a black box that maybe doesn’t always get the return you expect. For example, would you rather spend $500 on search engine optimization, paid advertising, or just burn up the money instead. According to the US Small Business Administration, a company that makes less than 5,000,000 a year should allocate between 7% and 8% of its revenue to marketing.

This budget should be split between brand development costs and the costs of promoting your business. But how do you make sure that the money is well spent?

If you are spending money on marketing, have a marketing plan, and are getting customers, but not making any money, then you probably need to take a look at your customer acquisition costs or CAC.

What is CAC, how do you calculate it and what steps can you take to improve it? By the end of this post, you will know the how what, and when to start tracking CAC to improve your marketing spend, and it will become a long-term piece of your business plan.

CAC Meaning

CAC stands for customer acquisition cost. It describes how much a company needs to spend to gain a new customer. CAC marketing is now used by many companies that use web analytics or intelligence to make data-driven decisions.

CAC helps companies figure out if they’re getting their money’s worth on investments for growing their clientele. This can be from paying to have potential customers, clicking on banners or investing in articles or graphic content. Today, internet marketing methods can now target specific groups of customers. Before, companies had to cast a wide net with advertising.

They had to aim their marketing content at a broad segment of potential customers with the hope that it would bring in some new customers. However, this approach lacks specificity and many companies saw undersized returns on their marketing investments. Modern, targeted campaigns when combined with CAC, hones in on specific groups of people.

It can also tell you how much you’re spending to bring a new prospect onboard and convert them into a paying customer.

What goes into calculating CAC?

There are a few things that need to be considered when calculating the cost of customer acquisition.

These include:

  • Advertising costs
  • Marketing team costs
  • Sales team costs
  • Creative costs
  • Technical costs
  • Publishing costs
  • Production costs
  • Inventory upkeep costs

How to calculate CAC?

CAC is calculated by dividing the costs spent on acquiring customers by the number of customers acquired during the time the money was spent.

For example, a company that spends $1,000 on marketing in a year and gained 100 customers in that same year, their CAC comes out to $1.

The customer acquisition cost formula is $1000 ÷ 1000 customers = $1 per customer.

If the company only gained 500 customers, then the CAC will be $2.

The formula to calculate the CAC is pretty simple.

However, adding up total expenditures takes a lot of factors into consideration including the cost of multiple marketing strategies and staff salaries.

Some companies may even make investments like marketing in a new region or early stage SEO and do not expect to see results from these until a later date.

This creates some issues when calculating the CAC.

It is therefore recommended that you perform multiple variations to account for these situations.

Example of CAC

Let’s take a fictitious home services company that provides HVAC and plumbing services.

The company marketing efforts include:

  • Paid sales and marketing staff
  • Social media campaigns
  • Pay-per-click campaign
  • Magazine ads

The company decides to track how much it costs to acquire new customers for one year from January 1st to December 31st. They will consider what they spent throughout the year and how many customers they have by the end of the year.

Here’s a breakdown of their customer acquisition cost formula.

  • Paid sales and marketing staff – $150,000 total spent
  • Social media campaigns – $12,000 total spent
  • Pay-per-click campaign – $10,000 total spent
  • Magazine ads – $8,400 total spent

Total Marketing Expenses: $180,400

New Customer Acquired: 2,512

CAC $180,400 ÷ 2,512 = $71.82

The calculations show that the company spent on average $71.82 for each new customer they acquired in that year. This CAC is pretty high for a home services company and should definitely be evaluated. You will want your CAC to be lower than the average sales price of your product or service to make sure you are actually making money on your efforts.

However, this is just the start of the CAC story. The company also has to consider how much each customer spends which can be calculated using customer lifetime value (CLV).

Customer Lifetime Value and Customer Acquisition Cost

Customer lifetime value (CLV) or Lifetime Value(LTV) is an estimate of the amount of money a company may generate from a customer throughout the customer’s “lifetime” as their customer. It can take into account reasons why customers stay around beyond just your product as well. CLV is determined by adding up the revenue earned from a customer (annual revenue multiplied by the average customer lifespan) minus the initial cost of acquiring them.

You can also search for a CLV calculator using your favorite search engine. The CLV gives you a better understanding of what the customer acquisition cost means to your company. However, the amount of time a person remains a customer and how much they spend will vary from company to company. This means that you will have to consider other factors that can impact your company specifically.

Here are some of the most important elements of CLV for most organizations.

  • Average customer lifespan – how long the individual remains a customer.
  • Rate of customer retention – the percentage of customers who buy again.
  • Profit margin per customer – takes into account CAC and other expenditures. These can include the overall cost of goods sold (production and marketing costs) as well as how much it costs to run the company.

The profit margin per customer is calculated by taking your net income per customer(minus the CAC) and dividing that number by your revenue from the customer over their lifespan as your customer. Next, multiply that number by 100 to get the percentage.

  • The average amount an individual spends over their lifetime as a customer – Add what each customer spends over their lifetime and divide it by the number of customers.
  • Average gross margin per customer – This can be calculated for a certain period. For example, a year or according to the life span of a customer.

If you’re doing a life span calculation, take the profit margin per customer over their lifetime and divide it by 100. Then multiply that by how much they spend during their lifetime.

Example of CLV

Let’s look at a fake company that provides marketing services for small businesses

Here is a look at this company’s numbers:

  • CAC – $180 per customer.
  • The average customer stays for 10 years.
  • Their profit margin per customer is 19%.
  • The average amount spent by each customer over their lifetime with the company – $57,052.
  • The average gross margin per customer over their lifetime with the company – Calculated by 0.19 x $57,052 = $10,840.

How to Improve CAC

There are several methods you can use to improve your customer acquisition costs, these include:

Know CAC per Marketing Channel

Most marketers want to know the CAC for each of their marketing channels. If you know which channel has the lowest CAC then you know where you can spend more on marketing. The more you put in your marketing budget in the lower CAC channels, the more customers you can get for a fixed budget amount. The best approach you can take is to use your spreadsheet and gather all your marketing receipts for the year and add up those amounts by channel.

Improve on-site conversion metrics

Set up a goal on Google Analytics and perform A/B split testing with new checkout systems. Do this to reduce shopping cart abandonment rate, improve your landing page, speed of your site, mobile optimization and other factors that can enhance your overall site performance.

Add value to your offering

The value users perceive from your product and services is subjective. That is why you may not have the desired effect if you’ve implemented features similar to what other companies use. Take a different approach and try to interact with customers using surveys and emails that can help you figure out what best fits their needs. You can also study statistics like your customer retention rate and subjective feedback from any review you get.

Use a CRM system

A CRM system helps you keep track of new customers, their movements through your sales funnel, how much they buy, loyalty programs and more. It can also be used to manage email lists and campaigns such as promotions, seasonal email advertising and drip campaigns.

What CAC can do for you

Measuring and tracking CAC is important for your company. Companies can use CAC to allocate resources and funds and strategize their marketing campaigns. It can also help to guide them in their hiring and salary process. CAC and CLV combine to make a powerful tool that can help you assess your marketing return on investment (ROI).

By Joe Martin

VP of Marketing

Joe Martin is currently the VP of marketing at Scorpion, a leading provider of technology and marketing to help small businesses grow. Formerly he was CloudApp’s GM and CMO and a Head of Marketing at Adobe. With over 15 years of experience in the industry and tech that makes it run, he provides strategic guidance on how to build and use the right stack and marketing for businesses to grow. Joe believes marketers need smart training and leadership to scale company growth. Connect with Joe on LinkedIn and follow him on Twitter @joeDmarti.

Sourced from readwrite