By Jennifer Lobb
When it comes to marketing advice, it’s easy to get lost in all the shoulds, shouldn’ts, musts and must nots. Professionals the world over can debate the most effective marketing methods, but in 2017, those seeking the sage advice of others would have a difficult time avoiding a healthy endorsement for content marketing. In fact, 86% of B2Cs and 88% of B2Bs employ some content marketing strategy, according to the Content Marketing Institute.
Not only are businesses utilizing content as part of their overarching strategy, but they’re seeing results. In fact, when asked to rate the success of their content marketing efforts (from extremely effective to not effective), 97% of both B2Cs and B2Bs reported some level of success. Do you have a solid content marketing strategy in place? Looking to really increase brand awareness in the new year? Here are three reasons why you should include content in your 2018 efforts.
Your Brand Becomes a Resource
In case you haven’t noticed, the Internet is a cramped locale. If you can think it, you can search for, and find, it. Beyond that, businesses that want to survive in today’s overwhelmingly competitive landscape need to be online, only adding to the flooded nature of the internet as we know it. But how does one business stand out? How do you convince customers to buy in? (more…)
Former Congressman Chris Chocola once said that one of the earliest lessons he learned in business is that balance sheets and income statements are fiction, and cash flow is the true reality.
Investopedia defines “cash flow” as the net amount of cash that moves in and out of a business. Cash flow is positive when liquid assets are increasing and negative when they are decreasing. There are only two main ways to increase your cash flow, and that is to bring more revenue in (increase sales) and/or to keep less revenue from going out (decrease your expenses). For this article, I will expand upon both concepts further.
Bringing In More Revenue
There are a variety of ways you can increase your revenue, and what makes you a strategic business owner (with a thriving enterprise) is the fact that you’ve developed your own secret sauce (business plan) to do so. Some ideas to bring in more revenue include, but are not limited to, the following: (more…)
By Eric Rosenberg
The holiday shopping season traditionally kicks off with Black Friday, the annual shopping holiday the day after Thanksgiving that brings retailers “into the black” for the year, indicating a profitable period. But Black Friday alone is rarely enough to compete and make a profit in today’s market. Instead, many business owners run holiday sales to boost business during the busiest time of the year.
1. Start With the Math
In business, there is a concept of selling some products at a small loss to boost the sales of high margin products. These “loss leaders” can work well to boost the top line, but you can’t run a business with a focus only on revenue. You have to turn a profit to succeed in business.
Do the math and calculate margins on the products you expect to sell the most, and figure how to turn lower margin customers into higher margin customers. If you can upsell, convert, or at least turn low margin customers into leads for high profit products, you should be in great shape.
2. Improve the Customer Experience
Many shoppers try new stores, both online and offline, during the holidays. In fact, the National Retail Federation shares that 27.4 percent of all retail sales took place during the holidays in 2015 and most business expect about 20 percent of sales to come during the holiday season. (more…)
(Part 5 of a 5-part series on email marketing strategy)
By Dave Charest
“I can’t wait to get more email today!”
Said no one ever. So why would you ask, “Would you like to join our email list?” This isn’t to say people don’t want to be on your email list… It just means that more email isn’t exactly a reason for someone to let you into their inbox. (more…)
(Part 4 of a 5-part series on email marketing strategy)
By Bria Sullivan
If someone asked you how email marketing is helping your business, what would you say?
Chances are you wear a lot of hats at your small business or nonprofit, and maybe numbers aren’t your strong suit.
You’d much rather focus on connecting with people in person to sell more of your products and services — or raise awareness for your nonprofit. (more…)