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Biz-Marketing Tips

These short tips provide helpful hints to improve your marketing and overall business – often debunking current myths & practices. So come back often! Tips are all archived below..

The Most Recent Tip:

To Facebook or NOT to Facebook – 4 Q & A’s - May 17, 2012

Tomorrow is D-Day for the Facebook IPO, & so here are 4 Q&A’s about this social media phenomenon

Should you be on Facebook?

Thumbs Up!

As an individual, that’s up to you. Nearly a billion folks worldwide seem to like it to some extent, but that does not mean that you’re not a member of the human race if you don’t have a Facebook account.  Certainly, it can be become an addictive waste of time. But it can also be lots of fun, informative and a great way to keep in touch with the various people and groups in your life. If you haven’t already, try it. And yup, it’s also a place to view ads (targeted to you).  

Should your business be on Facebook?

Thumbs Up!!!

Absolutely, there is no reason not to have a Facebook “Fan Page” for your biz (but you need a personal account to do that). It’s free (and visible to others even if they are not logged on to Facebook). With a Fan Page, your business gets more free visibility and links back to your website…plus lots of options to link to your other business pages, blogs, etc via other social media sites…which, in turn, helps your search engine rankings as well. The only caveat here is that you have to “work” the content on a pretty regular (certainly not daily, basis). Don’t forget to put the Facebook button for your Fan Page on your site…as well as  Facebook “Like” buttons on specific pages. If you have 15 seconds, please like the Ranseen Marketing Facebook Fan Page which is very new, still and this page on my site. Thanks!  

Should your business advertise on Facebook?

Thumbs Up! (but read below)

Perhaps…There’s lots of advice online you can check out, but Facebook’s paid ads work best for B2C (vs B2B) type products/services – and when you want to target very specific types of people/demographics/interests etc. GM announced yesterday that it doesn’t see the “branding” payoff of Facebook and is cutting its $10 million/yr Facebook ad spending. I think that’s an aberration, though. Yes, it is difficult for marketers to measure the immediate direct impact of Facebook (hence all the wringing of hands, lately about Facebook’s initial IPO valuation), but I can tell you that it works well for a couple of my clients, and in particular, North Shore Vascular Associates: helping to attract new varicose and spider veins patients by targeting a specific demographics in Chicago. A ton of businesses use and like Facebook advertising (which in the grand scheme is still relatively new). Learn more and add Facebook to your online advertising portfolio for a few months…and see what happens.

Should you buy Facebook stock?

Thumbs Up!

It is a complete joke that I try to give investment advice with my horrible track record over the years, but what the heck. Undoubtedly, you’ve heard that tomorrow Friday May 18th is D-Day  for Facebook to go public…likely at a valuation approaching $100 billion. Wow!

A lot of people are making an array of comparisons to Google which went public in 2004. Google & Facebook are the two biggest online advertising sites on the planet (with some similar and some very different approaches) – but with Google dwarfing Facebook’s revenues by more than a factor of 10 to 1. The future battles between these two will be titanic…no doubt…and fun to watch. I could still shoot myself for not buying Google stock early on…especially since I loved it and was already using Google Adwords for clients. My bad.

Unless you’re a heavy hitter you are not going to get in on the ground floor tomorrow, but not to worry. The whole point is that the stock will be public, finally. IF you have a stock portfolio, I’d add some sooner than later, but I would not worry about doing it tomorrow… or obsess about the optimal early stock price. I’m not predicting that Facebook will perform like Google has, but buy some shares…especially if you and people you know like Facebook now and/or you use it in your business…or might into the future…and see what happens the next couple years.

Oops, I almost forgot: here is my Shameless Self Promo for the week (from www.fiverr.com). Enjoy

BTW here is my nascent blog on Tumblr.

Have a great rest of the week and thanks for reading my email,

Tom

 

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More Tips

Married to Your Messages? - May 09, 2012

When was the last time your business changed its top line marketing messages – that is, your tagline, your unique selling proposition (USP) or other key messages that speak primarily to your benefits – and better differentiate you from competitors? More than a year? You don’t remember when? If so, you’re probably hitched.
 
A small minority of organizations regularly – and productively – tinkers with their messages. But the huge majority accept theirs as givens in spite of rapidly changing markets and their own evolving businesses. The excuses are many: “ours are working fine” (oh really?); “it would show that we’re not “stable" (there is no such thing); “it would cost money (e.g. we’d have to change our cheap business cards); yak, yak, yak. Frankly, though, most businesses are flat out lazy when it comes to keeping their messages up to date -- which directly impacts sales.  
 
A few suggestions:
  • Put your brain to work because, truly, this is not easy.
  • Get input from knowledgeable sales folks & employees, customers & partners.
  • Check out competitors (REALITY CHECK: DO YOU ACTUALLY SAY SOMETHING THAT IS DIFFERENT & LIKE YOUR ANSWER TO: WHY CHOOSE YOU?).
  • If you’re lacking marketing expertise in-house or just need a fresh viewpoint, get some good outside marketing help for an unbiased, fresh, expert view. It´s worth the money.
  • Fly a few new ideas up the flagpole for several weeks and see how they play (vs. the status quo) on selected website landing pages, emails, and other digital communications (there are a lot of metrics you can analyze). Google Adwords is also a great place to test short messages against one another.
  • Then what?
  • Implement new messages…if indeed they show promise. Then do it again…and again as needed…but at least annually.
Your marketing messages are critical to selling your stuff, but those words should never be in granite. Don’t get married to them, ever. Here are a couple Ranseen Marketing clients that have recently made some top line message changes. BTW, these businesses (both in wildly competitive spaces) were already doing very well, but we wanted to do even better – and that is happening in 2012:
We Make Tapes & Discs
North Shore Vascular Associates
 
Talk to you next week (but comment on my blog anytime). Also follow my Biz To-Do´s, one for each of the 31 days in May on Twitter, or LinkedIn, or Tumblr


Shameless Self Promotion & More - May 02, 2012

OK, since most of business is way too serious, I’m going to start a weekly feature in my newsletters: Shameless Self Promotions. And why not shamelessly promote Ranseen Marketing? Here is the first one (just click and play the 30 second video in your player). This is from my most favorite new website: www.fiverr.com where you can buy an amazing array of creatively done stuff, most of it customized…each for only five bucks apiece. Here is a cool cartoon of my dog Zeke (done from a photo) as another example…also, only $5. More on fiverr in another newsletter.

Since it’s the first week for Shameless Self Promos, here a bonus photo (take-off on the great Chick-fil-A ads). Maybe we could even start Shameless Self Promo Contest…across businesses? Lemme know.

Quik Biz Rant

Business people aren’t perfect, and we we’ll all continue to screw up, royally off and on, but the behavior of people conducting business…in my humble opinion, observing it over 3 decades…continues to drift downward. More individuals are behaving badly…doing more of the same lousy things time after time (and I’m not even talking Enron execs or Bernie Madoff antics). Undoubtedly, there is a litany of reasons/excuses for this spiral (and I have my own theory), but I’m not going there in this email.

31 Biz To-Do’s in May

But I am starting a month long crusade to encourage putting a dent in bad business behavior – person by person by person. Each of the 31 days in May, I’ll Tweet and post a new “Biz To-Do” on Facebook, Tumblr  and LinkedIn (don’t worry, I won’t send daily emails). Please note, though, that these are all very new social media pages for Ranseen Marketing – keep visiting to see improvements.

A “Biz To-Do” is simply a behavior that is the right thing to do in business (and actually elsewhere, too) with respect to others: customers, prospects, partners, colleagues, etc. Deep down, we all know these – but a lot of us just don’t put them into practice enough, regularly. Instead, bad business behaviors tend to become contagious (viral) – and worse – acceptable and even expected: “Everyone else does it…so why not me? What’s the big freak’n deal?”

But I have hope that these Biz To-Do’s can go viral, and I’m going to shoot one out daily  to remind each of us to put them into practice – and walk the walk. Person by person by person, hopefully some of these reminders will positively change ourselves, others, and the businesses that we are part of.

Here is the Biz To-Do for May 1, 2012 (and these are will be in no priority order):

Biz To-Do for May 1, 2012 - Return phone calls, emails & other contacts…as promptly as possible…at least to the people you know (obviously excluding spa & unsolicited yak).

Heck, send me (or contact me via a social media site) your Biz To-Do’s ideas and I’ll try to fit several in during May. Thanks!

 


To evaluate any new Biz relationship – only ONE question is really critical - April 25, 2012

Most businesses & people enter new business relationships, regularly, with other people and companies they do not know very well. There’s always a leap of faith and no guarantees. Certainly some basic fact checking (a lot can be done online, paid services if absolutely necessary, etc…taking some info with a grain of salt) makes sense…along with asking a few folks who have interacted with them in the business world.

Let’s assume that you can procure a short list of individuals -- directly, online or via others, who undoubtedly know a lot more than you do about:

  • a potential vendor
  • a potential partner
  • a potential client
  • a potential investor
  • a potential job candidate
  • Other biz person/company

Here’s the ONE question that, personally, I rarely hear asked...and the one you need to ask first:

Do they do what they say they will do?

Or variations:

  • Can you always count on them?
  • Do you trust them implicitly?

Obviously, no one person/company is ever perfect but you want to hear answers like these:

  • “Definitely, time after time”
  • “Actually, they do even more; they typically over-deliver.”
  • “Yes, and even when they screw up, they always make it right.”
  • BTW, if they can’t answer the one question, thank them for their time and move on.

You will probably want them to elaborate more, but if those are the types of answers you get…then those are the people and companies that you want to do business with. You’ll save a lot of time on the front end and end up in better business relationships by asking this one simple question.




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