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We Reveal Our Best Online Marketing Strategies for Small Business

Since Source Local Media was formed in early 2011, one of the core values of the company has been to willingly share best practices, including our best online marketing strategies for small business.

The average small business spends 8.11% of its total revenue on advertising.  B2B companies average more like 12%.

But determining your specific online marketing strategy and budget is as unique as you and your business.

How to Determine the Best Online Marketing Strategy for Your Small Business

Here is some insight into our process.  If you’d like to go through this process at no cost or obligation to you, just schedule a free initial marketing consultation with our team here.

We always build online marketing strategy on the foundation of our basic marketing formula:

TARGETING + MESSAGING + REACH = RESULTS

Targeting.  Who are we talking to?

Messaging.  What do we want to say to them?  How can we tap into emotion that will MOVE them in the direction we want?

Reach.  When and where is the right time to talk to them so they can (1) absorb what we’re saying, and (2) take the action we want?  How many impressions will it take to get our desired outcome(s)?

Results.  What do we need to track and report so we know whether we’re being successful or not?

Read More:  Marketing Strategy 101

online-marketing-strategy

How To Optimize Your Small Business Marketing

The beauty of the digital environment is that you can test just about any idea.  The curse of the digital environment is that you can test just about any idea.  🙂

That’s why we developed our Bullseye Method, which provides a structure for optimizing your strategy.  It’s an organized way to test the most plausible ideas, track results, and make a series of iterations until you hit the bullseye where you get the best, most reliable ROI with your marketing investment.

The best online digital marketing strategies must have an organized way to test, evaluate, iterate, and ultimately optimize performance.  Otherwise, you risk wasting time and money.  And no one wants to do that…

How To Calculate the Budget

So how much should your budget for your online marketing strategy be?  Here is an exercise we take clients through that will help you DIY your own budget calculation:

  • What is your average gross margin?
    • If your margin is 60-70%, consider a budget between 8-20% of revenue
    • If your margin is below 30%, consider a budget between 3-6% of revenue
  • How competitive is your business category?
    • The more competitive your environment, the higher you should be in the range
  • How aggressively do you want to grow?
    • New businesses should be on the higher end of the range

There are other factors that could drive your budget up or down.  If you’d like to talk budget, schedule a free consultation with our team.

We Created Our Digital Basics Plans Just for Small Business

How should you allocate your budget to create the best online marketing strategy for your business?  To help you understand our best practices, we’ve shared a link to an overview of our most common “Digital Basics” plans below.

We built these based on the most common budgets and goals our clients tend to identify.  Think of them as starting points, from which we frequently customize.

Comprehensive “Digital Basics” Online Marketing Strategies

We consider Digital Basics the minimum any business should be doing online.  And then we build extra emphasis into certain areas based on your business type (B2B, D2C, etc.), your competitive environment, and — most of all — your growth goals and marketing ROI expectations.

If you’d like to know more about any of the line items, including why we prioritize where we do, we’re always happy to talk you through our best practices.  Just schedule time with our team here.  There’s no cost or obligation to you.  It’s how we invest in potential clients long before they invest in us.

Sourced from Williamson County Source

By Jonathan Vanian

  • New technology that converts text prompts into headlines, conversational paragraphs and images is in the early days of making its way into online ads.

  • Along with OpenAI’s ChatGPT, all the major online ad platforms are testing generative artificial intelligence tools.

  • “This is going to have a seismic impact on digital advertising,” said Cristina Lawrence, executive vice president of consumer and content experience at Razorfish.

 

Shortly after ChatGPT hit the market last year and instantly captured headlines for its ability to appear human in answering user queries, digital marketing veteran Shane Rasnak began experimenting.

As someone who had built a career in creating online ad campaigns for clients, Rasnak saw how generative artificial intelligence could transform his industry. Whether it was coming up with headlines for Facebook

ads or short blurbs of ad copy, Rasnak said, jobs that would have taken him 30 minutes to an hour are now 15-minute projects.

And that’s just the beginning.

Rasnak is also playing with generative AI tools such as Midjourney, which turns text-based prompts into images, as he tries to dream up compelling visuals to accompany Facebook ads. The software is particularly handy for someone without a graphic design background, Rasnak said, and can help alongside popular graphic-editing tools from Canva and Adobe’s  Photoshop.

While it’s all still brand new, Rasnak said generative AI is “like the advent of social media” in terms of its impact on the digital ad industry. Facebook and Twitter made it possible for advertisers to target consumers based on their likes, friends and interests, and generative AI now gives them the ability to create tailored messaging and visuals in building and polishing campaigns.

“In terms of how we market our work, the output, the quality and the volume that they’re able to put out, and how personalized you can get as a result of that, that just completely changes everything,” Rasnak said.

Rasnak is far from alone on the hype train.

Meta, Alphabet and Amazon, the leaders in online advertising, are all betting generative AI will eventually be core to their businesses. They’ve each recently debuted products or announced plans to develop various tools to help companies more easily create messages, images and even videos for their respective platforms.

Generative A.I. startups are driving VC deals

VIDEO04:53
Generative A.I. startups are driving VC deals

Their products are mostly still in trial phases and, in some cases, have been criticized for being rushed to market, but ad experts told CNBC that, taken as a whole, generative AI represents the next logical step in targeted online advertising.

“This is going to have a seismic impact on digital advertising,” said Cristina Lawrence, executive vice president of consumer and content experience at Razorfish, a digital marketing agency that’s part of the ad giant Publicis Groupe

In May, Meta announced its AI Sandbox testing suite for companies to more easily use generative AI software to create background images and experiment with different advertising copy. The company also introduced updates to its Meta Advantage service, which uses machine learning to improve the efficiency of ads running on its various social apps.

Meta has been pitching the Advantage suite as a way for companies to get better performance from their campaigns after Apple’s 2021 iOS privacy update limited their ability to track users across the internet.

‘Personalization at scale’

As these new offerings improve over time, a bicycle company, for example, could theoretically target Facebook users in Utah by showing AI-generated graphics of people cycling through desert canyons, while users in San Francisco could be shown cyclists cruising over the Golden Gate Bridge, ad experts predict. The text of the ad could be tailored based on the person’s age and interests.

“You can be using it for that sort of personalization at scale,” Lawrence said.

Meta’s Advantage service has been gaining traction with retailers using it for automated shopping ads, according to data shared with CNBC by online marketing firm Varos.

In May 2023, roughly 2,100 companies spent $47 million, or about 27.5% of their combined total monthly Meta advertising budgets on Advantage+, the Varos data showed. A month earlier, those companies directed 26.6% of their budget, or $44.9 million, to Advantage+.

Last August, when Meta formally debuted its Advantage+ automated shopping ads, companies put less than 1% of their Meta ad spend into the offering.

Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington, Oct. 17, 2019.

Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington, Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images

Varos CEO Yarden Shaked said the increase shows Facebook is having some success in persuading advertisers to rely on its automated ad technology. However, Shaked said he’s “not sold on the creative piece yet,” regarding Meta’s nascent foray into providing generative AI tools for advertisers.

Similarly, Rasnak said Midjourney’s tool isn’t “quite there yet” when it comes to producing realistic imagery that could be incorporated into an online ad, but is effective at generating “cartoony designs” that resonate with some smaller clients.

Jay Pattisall, an analyst at Forrester, said several major hurdles prevent generative AI from having a major immediate impact on the online ad industry.

One is brand safety. Companies are uncomfortable outsourcing campaigns to generative AI, which can generate visuals and phrases that reflect certain biases or are otherwise offensive and can be inaccurate.

Earlier this year, Bloomberg News found that AI-created imagery from the popular Stable Diffusion tool produced visuals that reflected a number of stereotypes, generating images of people with darker skin tones when fed prompts such as “fast-food worker” or “social worker” and associating lighter skin tones with high-paying jobs.

There are also potential legal issues when it comes to using generative AI powered by models trained on data that’s “scraped from the internet,” Pattisall said. Reddit, Twitter and Stack Overflow have said they will charge AI companies for use of the mounds of data on their platforms.

Scott McKelvey, a longtime marketing writer and consultant, cited other limitations surrounding the quality of the output. Based on his limited experience with ChatGPT, the AI chatbot created by OpenAI, McKelvey said the technology fails to produce the kind of long-form content that companies could find useful as promotional copy.

“It can provide fairly generic content, pulling from information that’s already out there,” McKelvey said. “But there’s no distinctive voice or point of view, and while some tools claim to be able to learn your brand voice based on your prompts and your inputs, I haven’t seen that yet.”

An OpenAI spokesperson declined to comment.

A spokesperson for Meta said in an email that the company has done extensive research to try to mitigate bias in its AI systems. Additionally, the company said it has brand-safety tools intended to give advertisers more control over where their ads appear online and it will remove any AI-generated content that’s in violation of its rules.

“We are actively monitoring any new trends in AI-generated content,” the email said. “If the substance of the content, regardless of its creation mechanism, violates our Community Standards or Ads Standards, we remove the content. We are in the process of reviewing our public-facing policies to ensure that this standard is clear.”

The Meta spokesperson added that as new chatbots and other automated tools come to market, “the industry will need to find ways to meet novel challenges for responsible deployment of AI in production” and “Meta intends to remain at the forefront of that work.”

Stacy Reed, an online advertising and Facebook ads consultant, is currently incorporating generative AI into her daily work. She’s using the software to come up with variations of Facebook advertising headlines and short copy, and said it’s been helpful in a world where it’s more difficult to track users online.

Reed described generative AI as a good “starting point,” but said companies and marketers still need to hone their own brand messaging strategy and not rely on generic content. Generative AI doesn’t “think” like a human strategist when producing content and often relies on a series of prompts to refine the text, she explained.

Thus, companies shouldn’t simply rely on the technology to do the big picture thinking of knowing what themes resonate with different audiences or how to execute major campaigns across multiple platforms.

“I’m dealing with large brands that are struggling, because they’ve been so disconnected from the average customer that they’re no longer speaking their language,” Reed said.

For now, major ad agencies and big companies are using generative AI mostly for pilot projects while waiting for the technology to develop, industry experts said.

Earlier this year, Mint Mobile aired an ad featuring actor and co-owner Ryan Reynolds reading a script that he said was generated from ChatGPT. He asked the program to write the ad in his voice and use a joke, a curse word and to let the audience know that the promotion is still going.

After reading the AI-created text, Reynolds said, “That is mildly terrifying, but compelling.”

Feature Image Credit: Sebastien Bozon | AFP | Getty Images

By Jonathan Vanian

@jonathanvanian

Sourced from CNBC

By Robert Klara.

Among the most dramatic changes that Covid-19 has had on the economy is turning online grocery shopping into a mainstream activity.

Prior to the pandemic, a wimpy 3% to 4% of grocery spending happened online, according to data from Bain & Co. Now? That number is upwards of 15%. According to a just-released survey from Chicory, there are 18% more online grocery shoppers today than there were before the pandemic began. What’s more, those shoppers appear to be learning habits they will keep. A survey from Good Eggs released Sept. 30 found that 81% of Americans who’ve been buying groceries online intend to keep doing so permanently.

Obviously, this shift has been a boon for the giants of the sector like Walmart, Amazon and Instacart. Just last week, Amazon introduced free, one-hour curbside pickup for customers who order groceries online at Whole Foods (which Amazon purchased in 2017), making it clear that the platform has every intention of grabbing even more market share than it presently has, which is already about 40%.

You might assume, then, that the flush times for online grocers translate to all the brands on those platforms. And you would be wrong.

Founders (l. to r.) Scott Morris, Katie Tyson and Thomas Ellis

As The Washington Post reported last month, the algorithms used by the big platforms—guided in large part by past ordering behavior—tend to keep shoppers locked into established purchasing patterns. As often as not, that means channeling more business to the big packaged-foods companies with correspondingly huge marketing budgets.

It also means consumers are far less likely to encounter any number of smaller names, in particular that subset of brands devoted to sustainability and making a social impact—this despite consumers’ demonstrable interest in supporting them.

See a disconnect? So did entrepreneur Katie Tyson. “More and more brands are born with a mission and ethos at the core, and more consumers are seeking out a way to shop that supports these brands and missions,” she told Adweek. “The problem is, retail was not built to support values-driven shopping, for the brand or the consumer.

“Brands are forced to navigate the high cost of participating in traditional retail/ecommerce,” she continued, while “consumers don’t know how to differentiate what [brands are] actually doing good from what is just good marketing.”

Last week, Tyson and her business partners took the wraps off what she hopes is a partial solution, an online marketplace called Hive. It works much like any other online grocery site, except that you won’t find megabrands from PepsiCo and Kraft Heinz here. The packaged foods (and other household items) that Hive lists are all geared toward sustainability and achieving a stated social impact.

In addition to selecting potential brands for quality, Hive screens them for attributes including a low carbon footprint, sustainably sourced ingredients and environmentally friendly packaging.

For example, hit the Chocolate tab on Hive and you won’t find Hershey bars, Dove or Twix. You’ll find Alter Eco and Tony’s Chocolonely, a B Corp dedicated to fair trade and ending child labor on cocoa farms in Ghana and the Ivory Coast. In a statement, digital marketing coordinator Abigail Noel Davison said the brand is grateful “to have a partner that shares our mission-driven ethos.”
With its strict criteria, Hive is willingly sacrificing the huge selections that draw so many shoppers to places like Amazon.

“The number of products and brands available on Hive is limited in comparison to other marketplaces,” said Tyson, who is Hive’s CCO and held high-level marketing positions at Freshpet and Casper prior to starting this latest venture.

But Tyson believes that socially and environmentally conscious shoppers (who can even browse Hive by causes such as animal rights and combating hunger) will value the concentration of products they want to support over the mainstream (and numerically overwhelming) options that bigger platforms give them.

This isn’t the only recent example of cause-driven brands just saying no to massive online shopping platforms. At the end of August, legacy brand Overland—which prides itself on craftsmanship, natural fibers and sustainable practices—ended its relationship with Amazon because, it announced, listing its goods on Amazon “removed the important elements of authenticity and service from the equation.”

Feature Image Credit: “What Whole Foods did for natural and organic shopping,” CCO Katie Tyson said, “Hive wants to do for sustainable and social impact shopping.” Courtesy of Hive

By Robert Klara.

TWITTER: @UpperEastRob

Email:[email protected]

Robert Klara is a senior editor, brands at Adweek, where he specializes in covering the evolution and impact of brands.

Sourced from ADWEEK

By Liam Collins.

Small businesses that are rising to prominence in the digital surroundings are exposed to various business challenges. Their owners need to be active and present in various channels of online communication, but they mustn’t neglect their core business tasks.

In other words, being visible in the digital surroundings always needs to bring additional value to a business.

Since online business rules are constantly changing, SMB-owners should keep their eye on those innovations to ensure their constant growth.

Choose your digital pathway

When you’re starting your digital business endeavour, it’s important to know what you’re in for.

Do you want to generate a higher number of leads? If the answer is positive, you might think about focusing on Facebook. It’s the most widespread social network with people of all generations and backgrounds. After launching a Facebook business page, you should learn a thing or two about using Facebook for business purposes.

Is your goal to start selling products or services immediately? In that case, Instagram is a better option. Since you can sell products via this network, and it’s generally based on photos, stories, and videos, Instagram is a perfect choice for businesses that need a quick and efficient promotion while selling products along the way.

Business owners working in the B2B-niche might want to be more exposed to other businesses. In that case, LinkedIn is the best starting point. You’ll be able to follow companies that you want to work with, plus you’ll connect with various business individuals, as well.

This is only the tip of an iceberg in terms of different digital pathways available to SMB-owners.

Bring a mobile strategy

We don’t have to tell you that this is the age of mobiles. If you just look around when you’re in a café, on a train or in the park, you’ll see that everybody’s using their mobiles.

Therefore, taking mobile users into account when joining the business playground is a must.

As explained by design experts from a web design company in Houston, SMB-owners can adapt their websites to mobile users from day one. If you go with a responsive design, your website will adapt to the device it is begin accessed from. As the number of website visitors is growing, you’ll consider launching a mobile app, as well. This is usually recommended for e-commerce business owners.

When bringing a mobile policy, it’s vital to understand how content affects website visitors. If your website is “heavy” and bulky, it might take too much time to load. So, optimize your photos for your website and avoid keeping videos on the server. Instead of that, launch a YouTube channel and post your business videos there. Then you can add those links to your website.

Support user-generated content

Reviews, comments, testimonials, and case studies are all welcome when you’re building your brand in the online community.

People on the Internet are getting more careful in terms of recommendations and content. Therefore, genuine reviews, generated by their fellow humans are precious.

So, let your visitors leave their comments below your blog posts. Asking them to register beforehand would yield two benefits at the same time: you’ll be able to control the content of the comments, thus eliminating inadequate ones, plus, you’ll populate your email list that way.

Additionally, allow your buyers or previous customers to leave their reviews and testimonials. Each of these people should either leave their real name or the name of their company. That way, you’ll add to the credibility of these features.

Another beneficial element for SMBs in the digital environment is case studies. These stories will show your future clients what you’ve done for your previous clients. If you’re not adept at writing, think about hiring copywriters or other writing professionals and let them write compelling stories with your accurate inputs.

Promote yourself on Google

Social media promotion is one thing, but promotion on Google is something different.

Being able to present yourself on the largest global search engine is a privilege. However, it’s vital to use this privilege in the right way.

For starters, register to the Google My Business listing. When somebody enters your business name in Google, they’ll be able to see the key information about it on the right side of the screen. This includes your location on Google Maps, your physical address, phone number, website address, and any other information that you add to Google My Business. Also, your clients can leave their reviews and comments about your services, as well as photos.

On the one hand, you confirm to your potential clients that you’re an existing, credible business. On the other hand, they can see other clients’ experiences with your brand here, as well. After that, they can either proceed to your website or your social media accounts.

Knowing how to tell your audiences that you exist is very important. And informing them what you do and how they can benefit from it is even more relevant. That’s why we suggest that you set your goals first and then start targeting clients and business partners in line with those goals.

Also, encourage your existing clients, as well as those who stop using your services, to share their experiences with you. This feedback will help you improve your work and direct your business to more efficient operability.

Finally, use free options offered by Google, social media, and other digital channels to promote your business.

By Liam Collins.

Liam Collins is a tech pundit and Web enthusiast working at TuiSpace.com. He spends most of his time reading and writing about the current affairs in the world of information technology. When he isn’t working, he likes going for long bike rides and walks in nature.

By Ralf Llanasas.

Given the growth of social media and content marketing, there has been a visible growth in online writing businesses. The demand for writers in today’s information age will keep on rising. The success that awaits is exciting, but admittedly, it can be challenging to deal with the day-to-day pressures of managing tasks and the business-side itself.

So here’s a good question to ask: What can you do to maximize your writing opportunities? How do you improve your writing business management? Here are five tools that you should incorporate into your activities to streamline your workflow.

  1. Simul

In a writing business, you don’t handle things on your own. Your success is dependent on other writers and editors. Having different people checking out write-ups would also entail having revisions and a little back-and-forth until the client is satisfied with your output

This is where Simul comes in. This software will allow you to compare Word documents and track the changes in the document. It also allows multiple people to collaborate in real-time, showing the changes made by each party, and allowing you to choose which one was better. With Simul, preparing documents and writing articles will be so much easier.

  1. Whitesmoke

No human writer is ever error-proof. Whether you are a native speaker or well-studied in the English language, you are bound to make mistakes, so you need software to do some checking for you. Whitesmoke provides these solutions, with features like spelling, grammar, punctuation, and style checks to help you correct and enhance all your written works.

  1. BPlans 

In building a business, advice from experts can help you achieve the goals yourself and boost the growth of your brand. Bplans is a resource filled with various business know-how that can help you set up and get ahead. They offer business plan templates, guides, marketing reports, pitch templates, and other tools you never knew you needed. From coming up with a business idea to learning how to be a business manager, Bplans has a wide selection of videos, blogs, and other pieces that will serve as your digital mentor and guide.

  1. Xmind 

Developing ideas is essential in gaining a competitive edge in your business.  More than that, your creativity must be at its best for you to be able to write better and offer something new to your clients. Xmind is an amazing software that will help you keep track of your ideas and opening you to the possibilities that can grow from them.

Xmind offers mind mapping features, with a version that offers a more modern design and another going with the traditional route. This is perfect for people who require more organization in their projects and for those who want to retain more information in the things they are trying to learn. You can create non-linear documents, organization charts, matrix, timelines, and other

  1. Daily Grammar

As a writer, improving your grammar skills is a vital part of the job. Expanding your vocabulary and learning about the different rules can help you produce topnotch work and set you apart from your competitors. Aside from reading books and watching video lessons, you can also explore the available resources from Daily Grammar.

Daily Grammar is a teaching tool for people of all ages and English proficiency levels. You can explore 440 grammar lessons and 88 quizzes to test your knowledge. They also have a daily newsletter that will give you tips and lesson reminders to keep you on the road towards the best writer you can be.

These five tools are just a few among the thousands of apps and programs out there, but they can be a good way to start. The key to succeeding in your writing business is to do this important thing: write. By continuously practicing this skill, you’ll learn more and you will be amazed at how far you can go!

By Ralf Llanasas

Ralf Llanasas is a content marketer at Simul docs specializing topics in business technology, SaaS, and automation. His writings can be read across different online publications.  He love’s taking photographs when free. Follow him on Twitter at @IamRalf12.

By Evan Varsamis,

This year has been quite a roller coaster for marketers so far, and it’s still unclear how things will go in the next few months. However, when it comes to designing a marketing funnel, you can’t stick to your traditional methods anymore. You have to start thinking outside the box and picking up new techniques that can enhance your brand’s presence on the web. Online competition has grown massively over the last few years. It’s not just about being present on the web anymore. It’s about sustaining an omnichannel presence.

What Is An Omnichannel Presence?

Years ago, we used to think of online marketing as finding the platform that works the best for you and prioritizing your activities there. Today, with so many different platforms having unique structures, it’s even more difficult to figure out what works the best for your brand. It’s not about finding your best platform anymore. It’s about learning how to be present on every channel and make the most of it.

What works on Facebook won’t work on Pinterest. You have to figure out how to be present on both channels with equal effectiveness.

Now that you’re familiar with an omnichannel presence, let’s take a look at trends and online marketing tips that will help you sustain your business in 2020.

Cobranded Content

Every individual is loyal to a certain number of brands. As a marketer, if you can leverage that engagement by combining two brands, there’s nothing like it.

Sophia Bernazzani explained this concept beautifully on HubSpot: “One of my own beloved childhood memories was a product of co-branding: Betty Crocker partnered with Hershey’s to include chocolate syrup in its signature brownie recipe. There’s something brilliant about that co-branded product: It’s a fun way to marry two classic brands into one delicious experience for fans of baking and chocolate alike.”

So, to make your 2020 marketing work, you can connect with brands that appeal to you and use that collaboration as a marketing campaign. You could choose to go for video advertising or even audio influencing through podcasts or webinars. Either way, cobranded content can help you soar high with the help of loyal followers.

Micro-Influencer Marketing

If you have experience with influencer marketing, you’ll know why micro-influencers are the near future. Reaching out to big-time influencers is difficult, and you can’t expect them to review free samples that easily. So brands that are tight on budget can opt for micro-influencers who cater to their product niche.

These influencers have enough popularity to still be influential, and they also tend to have better engagement rates with their followers because they are less overwhelmed with sponsorship offers, which gives them the bandwidth to keep in touch with their followers. A study (paywall) from HelloSociety suggests that micro-influencers with around 30,000 followers have 60% higher engagement and are about 6.7 times more cost effective than influencers with more followers.

Nontraditional Social Media Marketing

Ever since we started social media marketing, we’ve primarily used Facebook, Twitter and Instagram. While these platforms continue to be the rulers in the industry, there are several others that are making their way up with the help of the younger generation. These platforms include Snapchat, Pinterest, Reddit and Medium.

So when it comes to planning a successful marketing campaign, you need to think outside the box and come up with ways to work on every platform instead of sticking to just one or two. In fact, it may seem far-fetched, but TikTok could work for your brand, depending on what you are trying to promote.

Contextual Targeting

When you throw random ads at people, you can’t expect the click rate you desire. That’s because not everyone will want to see the product you are showing them. Instead, with contextual targeting, you can showcase your ads on pages with related information. People who see your ads will have a higher chance of clicking them because they are already interested in your product niche.

Programmatic Audio

With podcasts and audio streaming apps becoming more and more popular, they’ve turned into avenues for online promotion. The advantage of programmatic audio promotion is that it enables you to place ads in the audio content.

Depending on your preference, you can opt for ad formats such as companion, ad pods, or pre-roll and midroll ads. Currently, companies including Google, Rubicon Project, SoundCloud and the BBC offer audio advertising features.

Video Advertising

Every social network is focusing on video content. Many are even looking for ways to implement product shopping directly from videos.

Consider using traditional video advertising methods by placing your ads on YouTube. You can even work with brands on Facebook and Instagram to promote your products in videos.

Mobile-Friendly Emails

As more people switch to primarily using their smartphones, the entire email marketing industry will change. Email designs need to be mobile-friendly and minimal, and they must have the call to action (CTA) button in a place where the user can easily find it. Another crucial point is to avoid too much content in your email. You can always opt for a drip email campaign to send out information sequentially.

Augmented Reality (AR) And Virtual Reality (VR

If you are an e-commerce brand, chances are you’ve already heard of implementing AR and VR for better product discovery. By implementing these technologies in your marketing funnel, you may be able to draw the attention of people who hesitate to purchase online. Give them the opportunity to try out products virtually before purchasing them.

Having said that, it’s also crucial not to forget the tone of voice you use while implementing all your marketing campaigns. The world is going through a massive change in 2020, and it’s important to understand the emotion of your audience before you try to promote a product or service to them. An empathetic and genuine tone can always take your brand a long way.

Feature Image Credit: GETTY

By Evan Varsamis,

An entrepreneur and Founder/CEO at Gadget Flow, as well as an investor and marketing advisor at Qrator Ltd.an entrepreneur and Founder/CEO at Gadget Flow, as well as an investor and marketing advisor at Qrator Ltd.

Sourced from Forbes

By Alison Griswold

Online advertising will soon just be “advertising.”

Online ads will claim more than half—52%—of global ad spending for the first time in 2021, according to a new forecast from analytics firm Zenith. That’s up from 47% this year and 44% in 2018.

Growth in online ad spend is coming fastest in online video and social media, something that probably isn’t surprising to anyone who’s waded through ads on YouTube or Instagram lately. Each of these categories is growing at nearly 20% a year. There’s a lot of money to made in the influencer economy.

Ad services are an increasing focus for Amazon, which is challenging internet giants Alphabet and Facebook in the space. Growth has slowed in paid search, Alphabet’s bread and butter and a more established category that made up 37% of internet ad spend in 2018.

Advertising is a massive industry that could reach $639 billion in spending globally this year, Zenith estimates, up 4.6% from the previous year. Almost half of that growth is coming from the US, followed by China, the UK, and India.

By Alison Griswold

Sourced from Quartz

By Alexandra Bruell and Nat Ives

Attendees at the marketing industry’s biggest gathering worried about brand safety and data privacy

The Cannes Lions ad festival is a sunny fixture for many in marketing, an annual ritual of schmoozing on the French Riviera, drinking ever-present rosé and sounding off on panels about the industry and creativity.

But amid the self-congratulation and parties, there was plenty of handwringing among attendees this year who worried aloud and often about brand safety and data privacy online.

“The first time your brand is damaged, it’s not easily fixed,” said Bob Rupczynski, corporate vice president of global media and customer relationship management at McDonald’s Corp. , during a panel titled “The Internet: Don’t Ruin a Good Thing.” He said brand safety is a top priority of the fast-food chain.

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Marketers have been frustrated by repeated outbreaks of unwelcome content on platforms owned by Facebook Inc. and Alphabet Inc.’s Google.

McDonald’s, Clorox Co. , Nestlé SA, “Fortnite” publisher Epic Games Inc. and AT&T Inc. paused ads on Google’s YouTube in February, for example, following reports that viewers were making inappropriate comments on videos of young girls.

Cannes was its usual self in many ways. Media and tech companies threw lavish parties flush with themed cocktails and exotic canapés to help pry open the wallets of advertisers.

“Saturday Night Live” creator Lorne Michaels attended a Snap Inc. dinner at the tony Hôtel du Cap-Eden-Roc, while news veteran Katie Couric mingled with marketers at an event hosted by Vice Media LLC and Pttow LLC, a membership club for executives and “icons.”

Musical acts included Mumford & Sons, which played a party hosted by iHeartMedia Inc. and MediaLink, part of Cannes Lions organizer Ascential PLC.

But amid the festivities, pressure on digital media became a recurring theme.

Facebook has created a “new universe,” said Pedro Earp, chief marketing officer at Anheuser-Busch InBev and head of ZX Ventures. “In a new world you have things that shouldn’t be there, we have bad people, we have a bunch of stuff,” he said. “They are kind of trying to be the police of this new world, but it’s very uncharted territory.”

The tech giants have been working to clean up their platforms, deploying new technologies and increasing human review. Despite the efforts, unwanted content remains a point of tension in the companies’ relationship with advertisers.

Early in the week, major marketers such as Unilever PLC formed a coalition with Google, Facebook and Twitter Inc. intended to fight hate speech, bullying and divisive fake content online.

“We’re in different businesses but we have similar objectives,” said Carolyn Everson, vice president of global marketing solutions at Facebook, in an interview. “We want to create an ecosystem for advertisers that is healthy, that consumers feel really positive about—that they feel safe and secure on the platforms, and feel good about the brands that support them.”

In a panel to roll out the coalition, Ms. Everson also stressed the difficulty ahead. “I want to be realistic that this is not a fully solvable problem,” she said. “I can’t ensure the safety of everybody at this beach when we walk down the Croisette.”

That sentiment received mixed reactions from conference goers.

Facebook has hired thousands of people in an effort to make its platforms safer but can’t say it is working hard to fix its issues while absolving itself of responsibility, said Tim Andree, chief executive at Dentsu Aegis Network, a unit of Japanese ad giant Dentsu Inc.

“It’s about the end result making us believe they remain vigilant and that they’re pushing for a completely secure and safe platform,” he said.

Facebook declined to comment. Google didn’t immediately respond to a request for comment.

Some Cannes attendees also called for federal regulation on privacy, partly to protect consumers and partly to preempt a potential patchwork of state legislation, an anticipated a bumpy road ahead for marketers.

The California Consumer Privacy Act taking effect next year could hurt brands’ access to data about consumers online, warned Tanya Forsheit, a partner and chair of the privacy and data security group at Frankfurt Kurnit Klein & Selz.

When the new law goes into effect, every website is likely to have a link that says, “Do not sell my personal information,” Ms. Forsheit said during a panel hosted by The Wall Street Journal.

Ms. Forsheit said consumers may think if they don’t click, “their Social Security number will get sold.”

Feature Image Credit: Flags fly above the annual Cannes Lions ad festival in France. Photo: Getty Images for Cannes Lions

By Alexandra Bruell and Nat Ives

Write to Alexandra Bruell at [email protected] and Nat Ives at [email protected]

Sourced from The Wall Street Journal

By Neil Macdonald

Manufacturers have seized discussion forums. Corporations are buying reviews

About three years ago, Costco hired a fellow named Chris Wheatley to pick up a faulty hot tub being returned by one of its customers in Nova Scotia. Costco would come to regret having done that.

Wheatley, who runs a small business in Halifax selling and servicing tubs, had, out of disgust at what he calls the confidence game of the hot tub industry, established a website meant to educate consumers.

When the tub’s exterior panels began falling off during the ride back to the Costco warehouse, Wheatley abruptly pulled into a parking lot, took out his smartphone, and launched into an impromptu technical review.

It was savage. Wheatley took the viewer into the guts of the $10,000 tub, pointing out its skimpy insulation, a design defect that caused its pumps to overheat, the inferior quality of its fiberglass shell, which appeared to be propped up internally by Styrofoam, and the cheap plumbing of its hoses and connections. He then posted the video on his website, hottubuniversity.com, where it remains to this day.

“It went viral. I got, like, 200,000 hits in a very short period.”

Costco, says Wheatley, was in touch pronto.

“They told me to take the video down or they’d take legal action. I told them every message from them, every statement, would be put up on my website for public inspection. After that, they went away.”

Wheatley didn’t know it at the time, but he was on his way to becoming probably the North American hot tub industry’s most influential influencer. He says his website now attracts nearly 100,000 unique hits a year, mostly from people about to spend somewhere between $7,000 and $20,000.

Influencers are the big thing in marketing nowadays. Some are celebrities, some are Instagram stars who make big money promoting makeup, but most are just independent operators who found a niche. What they all seem to have in common is the ability to engender trust. Wheatley is a perfect example. His reviews are blunt, his language sometimes rough, and he answers all his emails – 4,500 last year – personally.

Manufacturing reviews

He reckons he influences, directly or indirectly, hundreds of millions worth of purchases from consumers who want to buy, but are gasping in the fog of the internet, most of it put there by the marketing departments of the unregulated hot tub industry.

“The online discussion forums are all controlled by the manufacturers,” he says. “People are getting lied to. This is a crappy world where companies trick customers with marketing for their crappy products.”

They do it because it works, of course. Research in the U.S. indicates that more than 80 per cent of buyers sometimes check a review before purchasing, and 40 per cent read them every time they buy. Younger buyers are especially reliant on reviews.

The hot tub game, says Wheatley, is being taken over by private equity firms that buy up manufacturers, cheapen the product by using cut-rate components (for which replacements can only be purchased from them), then package it with glossy, misleading marketing.

“You’re buying a product that’s designed to fail.”

So Wheatley doggedly plugs a small group of manufacturers that still use standard parts you can buy anywhere. He endorses brands that produce strong hand-rolled shells, glued-and-clamped plumbing, and proper insulation. He refuses advertising.

But he also lives in the world, and has to make a living. The website costs money. He has employees. He has to procure tubs to dissect and review. So, like most influencers, he’s begun taking money from manufacturers he recommends. Enough to break even, he says. He will disclose, if asked, which ones they are.

And he turns down all offers from manufacturers that don’t meet his standards.

Does taking the money make Wheatley less credible? Maybe, a bit. But where, nowadays, does a consumer turn? As Ira Rheingold at the National Association of Consumer Advocates in Washington puts it, never has more information been available, and never has so much of it been fake.

Now, a disclosure here: When a physiotherapist prescribed a hot tub after some surgeries two years ago, I found myself poking around the internet, seeking some reliable advice, and finally found Wheatley. I am certain the information on his site prevented me from making some awfully costly mistakes.

Controlling consumer information

But the more I researched, the more I realized how completely corporate interests, open or veiled, control consumer information online.

A Google search for almost any consumer item will turn up a raft of review sites, most of which are clearly for-profit operations offering to rank companies’ products in return for payment, or want to solicit customer complaints as a profitable means of developing leads for lawyers.

Sales and review sites routinely offer sellers more visible billing in exchange for a premium. It’s the online equivalent of fees companies pay to ensure their products are placed prominently in store aisles.

Consumer review sites, where individuals testify about the quality of a purchase or sales experience, are equally sketchy. Reports abound of shills driving up five-star rankings.

In fact, says Rheingold, companies are taking steps to stifle negative reviews.

“When you buy something online you might be unknowingly agreeing to a non-disparagement clause buried in the fine print. We’ve seen a number of companies turn around and sue over a bad review on a site like Yelp. The idea is to scare people.”

Enabling consumers, says Rheingold, is not a priority in the United States nowadays. Quite the opposite, where the Trump administration is concerned. In Canada, we just seem indifferent. We’ve never had much of a consumer movement here. We certainly could use one.

Feature Image: We’ve never had much of a consumer movement here. We certainly could use one. (Atsushi Tomura/Getty Images)

By Neil Macdonald

Neil Macdonald is an opinion columnist for CBC News, based in Ottawa. Prior to that he was the CBC’s Washington correspondent for 12 years, and before that he spent five years reporting from the Middle East. He also had a previous career in newspapers, and speaks English and French fluently, and some Arabic.

Sourced from CBC

By Manish Dudharejia

Eventually somebody will write something unpleasant about your business. You better have a plan.

Reputation management in the age of the internet is essential to business like water is to humans.

Well, maybe not that extreme. But you get the idea.

You’ve probably stumbled across a statistic or two about how impactful online reviews and feedback are on purchasing decisions. The bottom line is that public brand sentiment is a game changer in how people shop these days. This is a reality that all entrepreneurs must come to terms with.

The task of managing an online reputation is not an easy one, nor is it a one-size-fits-all process. The goal is to make sure you don’t have to learn the biggest lessons the hard way. That said, here are four things that many entrepreneurs get wrong about managing their online reputation.

1. Underestimating the value of consistency.

As many entrepreneurs quickly learn, managing an online reputation isn’t something that can be done in an afternoon or over the weekend. If there is one overarching buzzword attached to this process, it’s consistency.

For as long as your business is operating, shaping and maintaining an online reputation is a job that never ends. In the beginning, the steps involved in getting the ball rolling can likely be done single-handedly. These initial steps typically include:

  • Setting up Google Alerts for anything brand-related.
  • Claiming your business on the major platforms like Yelp, Google My Business, and niche review sites.
  • Setting up social media monitoring accounts (Hootsuite, Brandwatch, Mention).
  • Getting your blog up and running.

In the startup stage, consistently interacting with people online, responding to reviews, and creating thought leadership content won’t require a momentous time commitment. However, once business picks up, maintaining consistency will start to become harder and harder. As a general rule, if you are spending between one and two hours per day staying on top of your online reputation, it’s probably time to consider bringing on a specialist – at least on a part-time basis.

2. Assuming star ratings are all that matter.

To reiterate, customer reviews are an essential ingredient to an online reputation. A big part of the process is simply getting customers to review your product, service, and overall experience. Truth be told, most people won’t leave a review on their own. The good news is about 70% will if they are asked to, according to a study by BrightLocal.

Over the years, the very concept of online reviews has seen an interesting evolution. The era of online reviews started back in the late 1990’s during the Clinton presidency. Gradually, websites like RateMD.com started popping up in which people could review doctors.

Fast forward to today and there are niche review platforms designed for restaurants all the way to software solutions. In terms of the reviews themselves, a good or bad online reputation goes far beyond just the number of star ratings.

Consumers these days have more options than ever before. People can now be extremely picky in terms of how and where they spend their money. They look to online reviews to get an unbiased third-party opinion of a brand, product, or service. As you develop a strategy to gather reviews, you need to design prompts that give people the whole picture of what it’s like to do business with you.

Now, this can be tricky. You want to get substantial feedback, yet you don’t want to make it too time-consuming for the customer. When you send out follow up emails asking people to review, keep the prompt simple. Ask them what the pros were, the cons, the general overview, and advice to the company. This works to give people a 360-degree view of your business from a customer’s perspective.

Keep in mind, in the world of online reviews, honesty reigns supreme.

3. Negative sentiment should be left alone.

No one likes getting negative reviews. You put your heart and soul into your business; seeing unhappy customers rip it to shreds in a public arena is tough to watch.

However, negative reviews are not the grim reaper – believe it or not.

The way you react to bad sentiment says WAY more about your business than the review itself. To reference the BrightLocal study again, nearly 90 percent of consumers read business’ responses to reviews. Moreover, Google has confirmed that responding to reviews improves SEO value.

So, regardless of how painful it is to read bad reviews, you need to bite the bullet and make an effort to respond. If you play your cards right, you can turn this into a positive and gain a loyal customer. Zappos is famous for going above and beyond to turn bad customer experiences into extremely memorable positives.

Responding to negative reviews requires a certain touch. First and foremost, you don’t want to respond right away. Let the bad sentiment marinate for a day or so. The last thing you want is to respond while emotions are high. Second, and this should go without saying, try your best to empathize. Ultimately, your brand reputation depends on your ability to put yourself in the shoes of the customer and meet their needs.

Lastly, do your best to try and take the conversation offline – whether it’s on a review platform or social media. The initial public response should be cordial, but then encourage the bulk of the interaction with the nitty-gritty details to take place in private. This is for both your protection and that of the customer.

4. Thinking there is a ‘quick-fix’ for reputation issues.

An online reputation can always take a bad turn. There is a common saying that goes, “A reputation is something that can take 30 years to build, yet be completely destroyed in 30 seconds.”

In the age of social media and constant connectedness, we see crises happen all the time. United Airlines, Uber, and Wells Fargo are just a few examples of a reputation falling apart in an instant. If this unfortunate event happens to you, the key is to not let panic set in, as this leads to rash decisions.

In the old days of the internet, many companies assumed they could combat poor sentiment by forging their own positive reviews or paying professional writers to write long, detailed praises on major review platforms. While this certainly worked for a hot second, review sites wised up to these devious tactics. Trying to sidestep the process of gaining authentic reviews can get you into serious trouble.

Additionally, the simple fact that people nowadays are bombarded with insane amounts of brand messaging every day, most consumers have gotten pretty good at spotting BS. Resorting to sketchiness to try and mend a damaged reputation can often times put you even deeper in the hole.

When you are in a pickle, you need to accept that there is no quick solution. Getting people back on your side is a long process that often times requires deep-seated change. Take Uber for example. When they were in hot water from poor practices behind the scenes, they essentially cleaned house and rebuilt their company culture from the ground up. While they still have a long way to go, the new CEO is doing the right things to turn Uber’s image around.

The most important thing you can do is critically listen to what people are saying and make a conscious effort to usher in a fundamental transformation.

Over to You

The task of managing your online reputation will be around as long as your business’s doors are open. Not everything is going to be peaches & cream. You are going to hit bumps in the road and need to know how to handle it.

Hopefully, this post has given you a good idea of what you should do, and more importantly, what you should not do.

Feature Image Credit: 10’000 Hours | Getty Images

By Manish Dudharejia

Founder and president of E2M Solutions Inc.

Sourced from Entrepreneur Europe