Tag

Generating Sales

Browsing

By Kai Ravariere

These pitfalls can throw wrenches in your business that aren’t always so easy to remove.

Having worked with a myriad of small businesses and startups, I’ve seen the stress early-stage entrepreneurs face when they’re faced with a gap between the realities of cash flow and what is needed to survive. When money is tight, startups tend to be reactive in creating more revenue. All too often founders find themselves chasing initiatives that, while revenue-generating in the short term, often don’t yield the highest returns in the long term.

Having a good long-term marketing strategy is key to overcoming this. Your marketing messaging should create real emotional resonance and give consumers a reason to buy and buy again. However, there are four costly marketing messaging mistakes that startups should avoid:

1. Forgetting to resonate emotionally and visually with your consumer base.

All too often e-commerce startups make the error of tailoring messaging to what the teams or founders resonate with. It’s one of the gravest mistakes in marketing for emerging brands. For the most part, messaging tends to almost exclusively focus on the features and benefits–a practical approach but rarely an effective one in a desensitized digital world.

An age-old adage applies here: show, don’t tell. Human beings are visual–in order to purchase, they must be compelled. In order to be compelled, they must first understand. And in order to understand–especially with such short attention spans–they must first see and feel. There’s a lot that has to happen in the first five to seven seconds of a digital interaction with your brand, copy and creative that resonates helps consumers feel the experience, benefits, and value of what you offer. If they can’t visualize it, your campaigns are dead in the water.

When you can use messaging and visuals that speak to the core emotions of consumers, they’re more likely to hit that purchase button much faster. Core emotions are ones like joy, safety, and security, and it’s up to you and your marketing team to ascertain which ones matter most to your audiences.

If you’re looking for an example of resonant marketing that appeals to consumers’ core emotions, study Liquid Death’s marketing and advertising. This edgy water brand’s meteoric rise is in part due to its creative and messaging mastery and command of entertaining pop culture trends, which has really flexed its muscles when it comes to tapping into its demographics’ sense of fun, social connectedness online, and desire for healthier lifestyles.

2. Failing to continue the conversation, even post-purchase.

Once a consumer purchases, it is by no means the end of the customer journey. The work isn’t done. It is both easier and less costly to sell to someone who’s already purchased from you than to get new customers, and continuing the conversation and the relationship is absolutely critical to increasing your customer’s lifetime value and getting subsequent repurchases, much faster.

This back-end retention play matters a great deal when setting out to scale your e-commerce brand, setting the threshold for tolerance for high costs per thousand impressions and customer acquisition cost.

This is the single largest impact driver when it comes to steepening the lifetime value curve:

Set up post-conversion email flows that inform customers what to expect and how to use the products they’ve ordered. Use these flows to ask for feedback, provide use cases of what they purchased, and serve up complementary products that can get them to their desires and goals easier, better, or faster. Let them know they’re a valuable part of your product development process by notifying them of updates, new features, and new variants when improvements to the product or product line are made.

3. Not focusing on demonstrating trust.

E-commerce is a trust-centric business. Clothing companies are asking people to purchase apparel without trying it on for size. Cosmetic companies require consumers to buy without seeing how their shades will look and feel on their own skin. Supplement companies are asking for the sale of products with unfamiliar ingredients to ingest. The list goes on and on. Driving conversions at efficiency necessitates a certain degree of trust: in your products, your ability to fulfil on time, and that a satisfactory remedy will take place should you fail to deliver on your marketing promises.

There is a direct correlation between the degree of trust your acquisition and retention audiences alike have in your brand and the cost-efficiency with which your marketing teams can run marketing and advertising initiatives. Why? Marketing that can prove your brand is and can be trusted will sell a consumer into what you offer much faster and more efficiently than marketing that falls short, here.

Most already know that consumers are more likely to buy if a trusted source vouches for your brand, but what isn’t as readily apparent for many brands is that the type of trusted source matters. Celebrities can often garner plenty of attention, curiosity, and enough trust to drive the conversion for some brands and products, but it often comes down to whether the consumer base trusts the celebrity as an authority of some kind for that particular niche, and sometimes when the celebrity and the niche don’t seem to “match” these types of influencer campaigns can fall flat. A celebrity known for his chiselled physique who looks great for his age would match and resonate rather well for messaging that promotes an anti-aging, organic health supplement, for example, whereas one who isn’t known for their focus on health or longevity may not.

It all comes down to the levels of trust audiences have about their degree of knowledge in that particular space. People can generally sense when an influencer deal has just been thrown in front of a celebrity rather than coming from a genuine place of interest and knowledge in the product. The way in which you build trust matters.

There are many other approaches to this, from communicating risk-free and money-back guarantees and hassle-free returns to showcasing video reviews, social proof, putting the product up against extreme testing, and behind-the-scenes creative on how the sausage gets made, there are endless opportunities to instil trust in your products and the brand itself.

Whatever the approach, just make sure you employ one, ideally many at different stages of the buyer consideration process and customer journey. Brands cannot afford not to talk about how they’ve built trust and authority. Showcase the lengths you go to maintain and uphold that trust, highlight trusted people or companies who trust you as well, and ideate at every point ways to prove your product does what it says it does and will yield a positive experience. Trust is not a marketing communication you want to leave out–it should be front and center.

Sustainable growth and profitable scaling, at its heart, rely on strong messaging that resonates. Use these principles in your brand’s messaging, and optimize further as new data comes in. You may not be able to control everything as a founder, but what you can control is how effectively you communicate with consumers.

Feature Image Credit: Getty Images

By Kai Ravariere

Sourced from Inc.

By Margie Zable Fisher,

The invite-only, audio-based social network launched in April 2020 and now has over 10 million weekly active users. Here’s how participating in Clubhouse can boost your business’s sales.

By now, you’ve probably heard about Clubhouse—the invite-only, audio-based social network where users create or join “rooms” and have conversations about various topics.

The fastest-growing social media app in the world launched in April 2020 and now has over 10 million weekly active users. Previously available only to iOS users, Clubhouse is experiencing another surge in growth, as it became available worldwide to Android users in May 2021.

Just like any social media platform, participating on Clubhouse can be a time waster, but it can also be helpful if you’re a small business. In fact, you can even get new business from it. The key is finding ways to offer value to clients in this new platform. Here are some real-life examples of businesses that have done just that.

Giving value first

Books ranging from The Bible to The Go-Giver tout the importance of giving first, receiving later. This strategy works in many areas of life, and in Clubhouse, as well.

“From participating in Clubhouse discussions, we were able to sell 15 LLCs and 3 corporations, which led to around $15,000 in sales for our firm,” says Zachary Hanby, client relations manager for Fisher Stone, P.C., a business and real estate law firm in Brooklyn, NY.

“Our business attorney, Greg Stone, and I joined Clubhouse and found groups that were interested in entrepreneurship, sales, business ideas, marketing and finance,” says Hanby. “We listened to the conversations, and then spoke to some of the points people were making, and were able to teach some people about business law in the U.S.” After giving business advice and value to the people listening, we would do a shameless plug of our free 15-minute consultation, he said.

Small business expert and Smart Hustle founder Ramon Ray says, “Consultants, coaches and speakers make money on Clubhouse by providing lots of value and then encouraging folks to direct message them to connect further.”

Ray shares that the connections he has made on Clubhouse led to the following sources of revenue: working with brands who pay him to host Clubhouse rooms and getting booked as a speaker, including at the Listening and Beyond Summit.

Personally, I believe that the most legitimate transactions are the ones that begin as legitimate social interactions.

James Surrey, founder and chief editor, Review Home Warranties

Hosting and moderating rooms in clubs

Terri Holley, of Spencerville, Maryland, is the founder of the Flip The Script After 50 Club on Clubhouse, and is the owner of Holley Creative, a digital marketing firm. In her club, she leads discussions about online marketing. She is also a regular co-moderator for three rooms, including one for Womxn in Business, one of the largest clubs on Clubhouse, that focus on helping current and soon to be entrepreneurs work through challenges and roadblocks.

This exposure has brought Holley new business in the areas of online marketing consulting and website design.

Englewood Cliffs, New Jersey-based dermatologist Naana Boakye, MD hosts the “Holistic Acne Specialists Hangout Club,” on Clubhouse. Each Friday at 2 p.m. experts discuss skincare, acne and beauty. Providing free, useful information has provided exposure for her business.

“I have gained several new patients through Clubhouse,” says Dr. Boakye.

Michele Bellisari, a realtor with Real Broker in Boca Raton, Florida, founded two clubs on Clubhouse: Club Real #REALTORLIFE and The South Florida Network | #SoooBoca. By leading and participating in conversations in these clubs and other clubs on the app, she has built relationships that have led to real estate referrals and listings.

Connecting through shared interests

“Personally, I believe that the most legitimate transactions are the ones that begin as legitimate social interactions,” says Raleigh, North Carolina-based James Surrey, founder and chief editor at Review Home Warranties, which examines the differences of each home warranty and assists clients who need guidance.

Surrey explains, “I spent some time in a gardening room at Clubhouse and introduced myself, and what I do. I mentioned how I reviewed home warranties as a living and did gardening on the side. I was delightfully surprised to get queries about home warranties. A lot of the people in that room (and there were around 60) were confused by the concept, and I told them to hit me up on email so I could write up a quote and get back to them soonest.”

To date, Surrey has successfully closed 16 deals and counting, all because of a shared love for gardening.

Feature Image Credit: Getty Images/izusek 

By Margie Zable Fisher

Sourced from CO

CO— aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional who can advise you based on your individual situation.