Archive for the ‘Small Business Strategy’ Category
Wednesday, September 1st, 2021
Group Of Multi-Ethnic People Social Networking
As content marketing has emerged as a top go-to tactic for marketers of all kinds in all industries, the challenge that many have been faced with is how to generate the massive amounts of content often required to feed the funnel. Even large organizations with internal staff dedicated to marketing and communications often find themselves turning to others for content creation.
That’s certainly a great thing for firms like ours, and we help a number of individuals and organizations create a variety of content. But there’s another great source of content that can be leveraged in big and small ways to help feed the demand for content: (more…)
Tags: content marketing, finding an agency, finding freelancers, help with marketing, hiring an agency, marketing assistance, marketing consultants, marketing contractors, social media consultants
Posted in Content Marketing, Publishing, Small Business Strategy | No Comments »
Tuesday, August 17th, 2021
I do a lot of presentations (and since the pandemic emerged, webinars) on marketing-related topics. When I do, I try to provide as much practical and useful advice as I can. I don’t worry about “giving away my secrets” for a couple of reasons:
- They’re not that secret—they’re just good, proven, elements of effective marketing and communication.
- Telling someone how to do something rarely translates into the ability to actually do that something.
- The small business owners and entrepreneurs—and, often, even senior and very seasoned marketing executives in large organizations—simply don’t have the time to do it themselves.
They often need to call upon others—agencies or freelancers—to help them out. (more…)
Tags: finding an agency, finding freelancers, help with marketing, hiring an agency, marketing assistance, marketing consultants, marketing contractors, social media consultants
Posted in Client Relations, Content Marketing, Marketing and Branding, Small Business Strategy | No Comments »
Tuesday, June 29th, 2021
I saw a very interesting question in an online group I monitor recently: “Is it ever a good idea to give your work away?”
In this case, the question was related to consulting services but the question could just as easily apply to companies selling tangible products. And, perhaps, it is in comparing the two ─ services and tangible products ─ that this answer can make the most sense: “Yes, there are definitely times when giving your work─or your products─away can be a good idea!”
But when?
(more…)
Tags: Business development, charging for your services, charging for your work, giving your work away, pro bono, product sampling, speaking fees
Posted in Business Development, Client Relations, Customer Communication, Marketing and Branding, Small Business Strategy, Strategy | No Comments »
Tuesday, June 8th, 2021
Vinyl records. Audiotapes. Typewriters. Carbon paper. That white stuff that Mike Nesmith’s mom invented that we used to use to correct typing errors. Rotary phones. The Post Office (well, not yet…). Look back over the past 10, 20 or 50 years, and you’ll find countless examples of products and services that simply no longer exist — or that have morphed into something else. Products and services that, for whatever reasons, have become obsolete.
We tend to think primarily of obsolescence being driven by technology, and that certainly is common these days. But obsolescence can occur due to non-technology-related impacts as well. (more…)
Tags: brand failures, business failures, business longevity, obsolete brands, product failures, standing the test of time, successful businesses
Posted in Brand Management, Business Development, Customer Service, Innovation, Marketing and Branding, Small Business Strategy | No Comments »
Tuesday, June 1st, 2021
Over the past several years, a growing number of wineries, microbreweries, and distilleries have been springing up across the Chippewa Valley where we’re based. It’s a trend that is mirrored in other states around the country, as entrepreneurs seek to address a growing market not simply for alcoholic beverages but for local destination experiences.
Consumers have long been able to buy wine, beer, or spirits at local liquor stores with no discernable lack of brand options available at varying price points. Why, then, are these relatively small players having such a big impact on the economy?
(more…)
Tags: brand experience, buy locan, consumer experience, customer experience, experiential marketing, the local movement
Posted in Business Development, Competition, Customer Service, Innovation, Marketing and Branding, Small Business Strategy | No Comments »
Saturday, August 29th, 2020
Marketers often speak of the “customer journey.” It’s a concept that describes the various decisions customer make and the interactions they have with a company from the point where they’ve identified a need until the point when they make a purchase—and beyond. A customer journey map is important because it helps marketers visually depict the customer journey and identify areas that may represent barriers or risks of loss. It provides a documented, explicit vision of how customers will interact with your company and is a good tool for sharing with employees to help them understand the journey and the role that they play in engaging and retaining customers. (more…)
Tags: being strategic, customer engagement, customer journey, customer satisfaction, finding and keeping customers, finding customers, marketing strategy, strategic marketing
Posted in Business Development, Marketing and Branding, Small Business Strategy | No Comments »
Friday, December 27th, 2019
It’s hard to believe that another year is drawing to an end. I can still vividly remember the countdown to Y2K and the anxiety so many were feeling as they wondered what a new century would mean in terms of digital disruption. The year 2000 came in with more of a whisper than a bang but, since that time, much has changed in terms of the ways technology continues to impact our personal and professional lives.
(more…)
Tags: communication strategy, goals for the New Year, New Year, New Year's resolutions, strategic communications
Posted in Content Marketing, Marketing and Branding, Small Business Strategy, Strategy | No Comments »
Tuesday, June 18th, 2019
by Justin Grensing, Esq., MBA
Where to price products and services is a key part of any business’s marketing and finance strategies. Economic theory includes multiple strategies for pricing, depending on broader business goals. For example, a company looking to maximize profit will try to set its marginal revenue—the revenue received from one additional unit of sale—equal to marginal cost (the cost associated with one additional unit of sale). A company trying to maximize sales will focus on average costs and revenue. The point where they meet is the sales maximizing point.
Of course, these are economic theories, and how these strategies play out in the real world is anything but certain.
(more…)
Tags: competitive pricing, General Mills, loss leader pricing, Pricing, pricing strategy
Posted in Competition, Marketing and Branding, Sales, Small Business Strategy, Strategy | No Comments »
Tuesday, June 4th, 2019
by Justin Grensing, Esq., MBA
Staffing is one of the biggest challenges for small and mid-sized businesses. The challenge can be especially acute when a company reaches the stage in which it thinks it needs more help but maybe not necessarily an FTE or when a single FTE might not be enough, but two might be too many.
Just as many workers crave flexibility in their employment relationships—as illustrated by the growth of the gig economy—small and medium-sized businesses (SMBs) also value flexibility in their labor relationships. Rideshare companies like Uber and Lyft, for example, go to great lengths to ensure their workers are classified as contractors instead of employees. The costs of ongoing disagreements over this classification is something Lyft cited as a potential risk in its recent IPO. (more…)
Tags: contract work, employees vs. contractors, gig economy, managing temporary workers. freelance help, risks of misclassifying employees
Posted in Career Advice, Employee Communication, Small Business Strategy | No Comments »
Monday, December 31st, 2018
As the New Year approaches it’s time to begin thinking about New Year’s resolutions. I’m pretty goal oriented and actually love this time of year–it’s always fun to look forward to new possibilities and make new plans for growth and achievement. I also believe that thinking about and committing our goals to some formal form (whether hard copy or online) serves to formally mark them in our minds and increases the odds that we will actually move forward to achieve them. Following are our top three marketing communications resolutions for 2019.
Develop a plan for 2019 and commit it to writing.
It doesn’t have to be a “fancy” or elaborate plan, but it’s important for businesses of any size to take the time to clarify their mission, vision and values, identify goals and measurable objectives, evaluate the internal/external environment, development strategies and tactics designed to leverage strengths and opportunities and overcome threats and weaknesses, and establish metrics to monitor success. I’m a strong proponent of strategy (hence the name of my company!) and the author of
The Complete Idiot’s Guide to Strategic Planning.
(more…)
Tags: advertising strategy, business goals, making business goals, New Year's resolutions, resolutions, Strategy
Posted in Small Business Strategy, Strategic Planning | No Comments »
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