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		<title>Fortune 500 Marketing Techniques For SMBs</title>
		<link>http://outspokenmedia.com/small-business-marketing/fortune-500-marketing-for-smbs/</link>
		<comments>http://outspokenmedia.com/small-business-marketing/fortune-500-marketing-for-smbs/#comments</comments>
		<pubDate>Mon, 14 Feb 2011 15:32:14 +0000</pubDate>
		<dc:creator>hugoguzman</dc:creator>
				<category><![CDATA[Small Business Marketing]]></category>

		<guid isPermaLink="false">http://outspokenmedia.com/?p=9717</guid>
		<description><![CDATA[If there&#8217;s one thing I&#8217;ve learned from managing online marketing programs for Fortune 500 caliber brands it&#8217;s that most of them are extremely inefficient, mainly due to internal bureaucracy that slows down decision-making and implementation to a snail&#8217;s pace. If a small business were to operate that way, it would go out of a business&#8230;<a class="read-more" href="http://outspokenmedia.com/small-business-marketing/fortune-500-marketing-for-smbs/">Read More</a>]]></description>
				<content:encoded><![CDATA[<p><img class="alignright size-full wp-image-9753" title="SMB marketing tactics" src="http://outspokenmedia.com/wp-content/uploads/2011/02/iStock_000000288472XSmall.jpg" alt="" width="340" height="226" />If there&#8217;s one thing I&#8217;ve learned from managing online marketing  programs for Fortune 500 caliber brands it&#8217;s that most of them are  extremely inefficient, mainly due to internal bureaucracy that slows  down decision-making and implementation to a snail&#8217;s pace. If a small business were to operate that way, it would go out of a business in about a week.</p>
<p>That said, I&#8217;ve also learned that many of these larger,  enterprise-caliber brands have learned to leverage certain online  marketing techniques quite well. I&#8217;m convinced that one of the main reasons small businesses don&#8217;t leverage these techniques is simple lack of awareness, so I figured I would share my own  personal list of highly effective enterprise techniques that a small  business can use:<span id="more-9717"></span></p>
<div>
<h2><strong>Automating certain facets of SEO</strong></h2>
</div>
<p>While search engine  optimization still relies heavily on human elbow grease, there are  plenty of elements that can be automated to help speed up implementation  and improve return on investment. For example, there are a variety of  tools that can automate the identification of link building targets. One  of my favorites is the <a href="http://www.majesticseo.com/reports/cliquehunter" target="_blank">Clique Hunter</a> tool offered by Majestic SEO, which allows you to identify the links  that your competitors have in common (which typically means that they  are links you should be able to acquire as well) but there are many  others.</p>
<p>In addition, depending on the kind of site and content management  system you have in place, there are certain techniques that can automate  the process of optimizing on-page elements for your entire site. For  example, if your site&#8217;s pages are database-driven (this is common for  e-commerce sites) you can leverage said database to introduce relevant  keywords into the title tag and other meta elements of each individual  page at once. This approach to optimizing on-page factors isn&#8217;t quite as  effective as manual page-by-page keyword research and construction, but it can be a very valuable  approach that drives immediate return on investment for sites with a high number of pages.</p>
<p>Lastly, there are some amazing tools out there that can automate the  project management elements of SEO. My personal favorite is <a href="http://www.raventools.com/" target="_blank">Raven Tools</a>,  which is a fairly comprehensive tool that I use mainly for link  building project management as well as to automatically track link  building targets and determine whether the link is active or not (as  opposed to trying to manually check that kind of thing).</p>
<h2><strong>Social media monitoring</strong></h2>
<p>Some of the more popular social  media monitoring tools out there cost a pretty penny, but the good news  is that there are plenty of high-quality options that are either free or  extremely cost effective. In fact, simply setting up some  well-configured <a href="http://www.google.com/alerts" target="_blank">Google Alerts</a> can often do the trick. Remember that in addition to tracking your  own brand name, you should also track competitor brands, product terms and general industry terms.  If you&#8217;re a local/regional  business, then adding local/regional modifiers also makes a lot of sense.  Also, remember to track specific questions that suggest a user that is  in buying mode (e.g &#8220;where can I buy&#8230;&#8221;)</p>
<p>One technique that will help you weed out a lot of the noise  from your monitoring data is the use of quotations or other <a href="http://outspokenmedia.com/seo/handy-search-operators/">handy search operators</a> to capture  exact-match phrases. So for example, if you sell blue widgets in Miami,  Florida, it&#8217;s a good idea to use the command &#8220;Miami blue widgets&#8221; (as  well as phrases like &#8220;blue widgets in Miami&#8221;) as opposed to simply  typing in Miami blue widgets.</p>
<h2><strong>Email marketing</strong></h2>
<p>Simply put, email marketing is almost  always the most lucrative and cost effective of all enterprise-caliber  marketing techniques. It&#8217;s also the one that&#8217;s the least understood and  most underutilized by smaller businesses. The key is relevance and  consistency. Oh, and you have to actually ask folks to subscribe to your  email list. That means including prominent &#8220;subscribe to email&#8221; calls  to action within your site as well as within any conversion vehicles  within the site (purchase process, membership sign-up, etc).  If you  have a brick-and-mortar business, make sure to setup a system for  collecting email addresses at the point of purchase.</p>
<p>Now back to that &#8220;relevancy&#8221; thing.  Sending relevant email messaging requires that  you collect as much information about your users as possible up front,  so that you can then segment your email subscribers into relevant  groupings.</p>
<ul>
<li>Are they male or female?</li>
<li>How old are they?</li>
<li>Do they have kids?</li>
<li>Where do they live?</li>
<li>What kind of phone  do they have and is it a smartphone?</li>
<li>What kind of social networks do  they frequent, if any?</li>
</ul>
<p>These and other key questions can be leveraged to ensure that the  marketing emails said user receives reflects their specific demographic  and psychographic profile. The more relevant, the more likely said user  is going to open your emails and continue to be actively subscribed for  future messaging.</p>
<p>And as for consistency, it&#8217;s ok to email users more than once a year  or once a quarter or even once a month. As long as the message is  relevant and provides some sort of value, users are typically more than  happy to receive emails on a weekly (or in some cases, daily) basis.</p>
<h2><strong>Measuring all the way through to sales and revenue</strong></h2>
<p><img class="alignright size-full wp-image-9755" src="http://outspokenmedia.com/wp-content/uploads/2011/02/iStock_000013178019XSmall.jpg" alt="" width="280" height="210" />This is  a technique that even many large companies struggle with, particularly  if the sale and revenue isn&#8217;t immediate (e.g. an e-commerce transaction)  but that doesn&#8217;t mean that it&#8217;s impossible &#8211; or even all that difficult  &#8211; for a small business to implement. It simply requires that you create  a system for tracking a web-based lead all the way through to a  real-life transaction. That requires the implementation of a sales lead  and customer-relationship-management (e.g. CRM) platform like <a href="http://www.salesforce.com/" target="_blank">Sales Force</a>. It also often requires the implementation of things like <a href="http://www.google.com/analytics/apps/results?category=Phone%20Call%20Tracking" target="_blank">call tracking</a>,  which allow you to trace how an online visit turns into a phone  consultation. Bridging the gap between web visit and real-life sales  cycle will help you identify  your most profitable marketing channels, which in turn, will let you devote  more resources into those specific channels.</p>
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<p>And this can be the difference between a ho hum marketing program and one that puts you on the fast track to easy street.</p>
<h2><strong>Overlapping multiple marketing channels</strong></h2>
<p>Ever  thought of using your existing email marketing list to promote your  social media network profiles? Ever thought to leverage your corporate  blog to improve SEO? Ever thought of using paid search conversion data  to determine your priority list for organic search optimization? Ever  thought running mobile click-to-call ads to promote your Valentine&#8217;s Day  in-store special?</p>
<p>If not, get cracking. It&#8217;s 2011, which means that the lines between marketing channels are becoming more and more blurred.</p>
<h2><strong>Creating marketing/ad campaigns</strong></h2>
<p>And  speaking of in-store specials, have you ever considered orchestrating a  multi-channel, themed campaign the way the big brands do? It&#8217;s not as  complicated (or expensive) as you might think. The key is to plan ahead.</p>
<p>Do you sell a product or service that&#8217;s popular during the Super  Bowl? This year&#8217;s big game just happened, which means that  now is the perfect time to start planning next year&#8217;s campaign. Things  to think about are:</p>
<ul>
<li>Do you have dedicated pages on your existing site that cater to the promotion?</li>
<li>What channels will you use to promote your particular campaign?</li>
<li>How much budget are you willing to allot to paid ads?</li>
<li>Can you come up with a catchy slogan or phrase to help people remember you?</li>
<li>How can you setup analytics tracking in order to figure out if the  money you spent on promotion is earning you a positive return on  investment in terms of sales?</li>
</ul>
<p>There are other details, but you get the picture. It&#8217;s really not that hard if you plan things out in advance.</p>
<h2><strong>Performing a brand workshop</strong></h2>
<p>This is another one that can be applied to your small business.  What is your unique selling proposition? What makes you truly  different/better than your competition? Are there certain aspects of  your business process that might attract certain kinds of consumers  (perhaps you run a green production process, etc)? Are these key  elements of your business being properly communicated by your logo, your  website, your email template, your social profiles, etc?</p>
<p>You&#8217;ll find that a little brainstorming on these and other  brand-related topics will go a long way towards both increasing the  volume of your potential customer pipeline as well as their willingness  to purchase you again and refer you to friends and family.</p>
<h2><strong>A/B and multi-variate testing</strong></h2>
<p>What I find interesting is  that has been a hot topic in internet marketing circles for years, and  yet, most companies large and small continue to procrastinate when it  comes to testing their website pages as well as their conversion funnel.</p>
<p>It&#8217;s not expensive. In fact, Google offers a <a href="http://www.google.com/websiteoptimizer" target="_blank">free platform</a> and there are a variety of <a href="http://www.elance.com/" target="_blank">service providers and market places</a> where you can find competent implementation and testing for a price that makes sense for your business.</p>
<p>Still not sold on the idea? Then think about this for a  minute&#8230;let&#8217;s say that your current website traffic is costing you  about $5,000/month but generates $10,000/month in revenue. Then let&#8217;s  say that you spend a few hundred dollars a month on A/B and  multi-variate testing but that money and effort increases your  conversion rate by 50%. <strong>You made yourself an extra $5,000 a month</strong> even  if you don&#8217;t generate any extra traffic whatsoever.</p>
<p>It&#8217;s simple math, folks. Stop procrastinating and get some testing in place.</p>
<p>There  are likely many other tweaks and techniques that I failed to mention,  but I think that the things I&#8217;ve outlined above are a good starting  point. One thing you will notice is that all of the aforementioned  techniques are tied together by one common denominator:</p>
<p>Analytics.</p>
<p>And in a sense, that&#8217;s probably the most  fundamental Fortune 500 marketing element that you can leverage for your  small business. Sure, you might not be ready <a href="http://www.omniture.com/" target="_blank">Omniture</a>,  but you can start with Google Analytics, which is a free platform with  many of the enterprise-caliber features found in the premium analytics  platforms.</p>
<p>As long as you have a smart approach to measuring return on  investment, these and other enterprise-level marketing techniques can  bring a sliver of that Fortune 500 cash flow to your small business.</p>
<p><em>Hugo specializes in enterprise online marketing strategy and is a big proponent of knowing your song well before you start singin&#8217; (props to Bob Dylan). You can read more of his thoughts on marketing at <a href="http://www.hugoguzman.com" target="_blank">www.hugoguzman.com</a>.</em></p>
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