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Startup- Here’s how to spend your investors money wisely

Startup- Here’s how to spend your investors money wisely

Marketing. Really great marketing.

Because it doesn’t matter how great your management is or how brilliant your content or how ingenius your business idea. If people don’t know about it, if people know about it but don’t understand how it improves their lives, your work is for nothing.

Invest in Market Research

It is so easy to start a business. Most fail. This is crucial to succeeding. You can’t just launch a business and say, Here we are! Give us your business! That’s not going to work. You have to first get in front of them and second persuade them with your pitch. Whether that pitch is a video or landing page or tweet, you don’t have much time to convince them, which is why knowing your audience is everything.

Who is your ideal customer? What do they read? Where do they hangout? Why do they need your product? What do they do in their freetime? What words are going to resonate with them, compel them to be interested? How will you solve their problem? How will you help them understand how you will solve their problem? You’ve got to answer these questions so you can craft effective marketing campaigns.

Launch a Killer Campaign

Because you’ve done your research, you know what sort of visuals, colors, words to use, and you know where to put your ads and where to guest blog, which social media platforms to leverage and which influencers to partner with. When all is accounted for, running a good campaign costs a pretty penny. You take all the information you gathered to craft a campaign that elevates your brand, brings traffic, and ends up in sales.

Rack Up 7-13+ Touches
https://www.onlinemarketinginstitute.org/blog/2013/10/why-it-takes-7-to-13-touches-to-deliver-a-qualified-sales-lead-part1/ But, you’re doing more than looking for sales. You’re actually cultivating relationships. This is the fun part of building a business in 2017, and it’s also going to help your business build long-term success. Your campaigns need to be well-crafted and fresh to get eyes, and they have to establish a connection to keep those eyes on your channels. Whatever form of content you’re producing, tell a story that connects to your audience.

Don’t Do It Alone

It’s so time intensive to do marketing right. It’s complex, involved, and always shifting. Few startups have the capacity to do it well, and that’s part of why so many fail. Entrepreneurs work really hard to make excellent products, they pay for beautiful websites, they get investors and hire great people—and then they fail because the people who would have been happily loyal to them didn’t know about their product, or didn’t see its value.

You worked so hard to make your idea a reality. You worked so hard to build a good company. Don’t do all that work just to see it all collapse. Market market market. Market smart. Market often. Market well. And as your business grows and changes, shift your strategy along with it.

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Should my Content be Video, Podcast, Blog or all 3?

Should my Content be Video, Podcast, Blog or all 3?

It’s easy to feel like you should be on every social media channel. Get a facebook, a twitter, and instagram, a youtube, a pinterest, a blog so that you can reach everyone. The more people who see your page, the more who will follow, the bigger influence, growth, and revenue = social media jackpot!

Except, people don’t just follow you because you’re around. They follow you because you’ve got good content, because you’re providing videos they want to watch and share, or memes or information. Basically, like in all things business, you have what they want.

The problem is, every platform is a little different and if you put the same content on all the platforms, you just come off as stale and lame. But if you produce different content for every platform–well, you don’t have time for that as a startup.

So how do you choose?

  1. Do the thing you’re best at. Not everyone presents well on camera, and not everyone is interesting to listen to, or can write engaging blog posts. Think about your strengths and interests and those of your team. It’s going to take dedication so choose a form of content that can be produced both well and consistently.
  2. Go where your market is. Not everyone is on facebook as their primary platform. Instagram is influencer-heavy. Both lend themselves well to video. If your market includes commuters, people who exercise and students, a podcast may be a good fit. Blogs are great for every website because they’re easily integrated into SEO-optimization strategies (in fact, they’re often a cornerstone) but they, too, require writing skills, good visuals, and a bit of technical knowledge.

Videos and Podcasts and Blogs, Oh My!

Video marketing is said to be the big thing of 2017. The American Marketing Association says that 85% of US search traffic will be driven by video by 2019. Engaging video content is already king on social media. Every major social media platform now includes options for video, whether it’s a disappearing snapchat-style video, live streaming, or improved options for sharing.

Of course, the payoff for viral video is significant. It’s what everyone hopes for. But creating viral video may be one of the most energy and time-intensive options. It requires scripting, equipment, editing, music, not to mention content that quickly engages your viewer. In other words, unless you have a really great company to make your videos and the budget to spare, it’s probably not the best option to start with. (Then again, if you have the strategy and the means to execute, go for it! But don’t bother with trying to maintain other social media channels as you get it off the ground.)

Podcasts have a very low barrier to entry. All it takes is a microphone and a computer. But for a well-produced podcast, a podcast that gets listened to and that gets advertisers and a strong listener base (which is the reason you’re putting it out, right?) then you should at least get an editor. Plenty of podcasts start out without one, but production values will be much better which means more people will be willing to listen and share. You can invest in nicer equipment and greater sophistication as you go, but since podcast is all sound: make it good from the start.

In addition to the technical aspects of a podcast, it requires a weekly commitment. Are you going to interview a new guest each week? In person, by phone or by skype? Think about the time it will take to find, research, book and interview guests. If it’s not an interview show, what value will you be providing your listeners and who will be in charge of producing that content? How will you promote it? How much time will you devote each week to producing and recording?

Blogs are arguably the easiest and most low-maintenance form of content. They also help to boost your SEO rankings, and all you need is a solid writer. A good blog should always be a part of your website and your social media strategy. Like podcasts and video, it’s a great way to build brand awareness and establish your company as a leader in your field. Video is showing up more and more in search results, but people still visit websites and scan pages for their answers. It’s easy to share information at a glance, to tell a story in the time it takes to scroll down the page. Plus, embedded graphics are shared on social media sites, providing another avenue for visibility and traffic.

No matter what you choose, you’ll have to invest some money and time. You need a strategy for engaging and growing your audience, converting views and likes to sales, and a consistent production schedule. Commit to one and make it amazing.

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Startup- Here’s how to spend your investors money wisely

Startup- Here’s how to spend your investors money wisely

Marketing. Really great marketing.

Because it doesn’t matter how great your management is or how brilliant your content or how ingenius your business idea. If people don’t know about it, if people know about it but don’t understand how it improves their lives, your work is for nothing.

Invest in Market Research

It is so easy to start a business. Most fail. This is crucial to succeeding. You can’t just launch a business and say, Here we are! Give us your business! That’s not going to work. You have to first get in front of them and second persuade them with your pitch. Whether that pitch is a video or landing page or tweet, you don’t have much time to convince them, which is why knowing your audience is everything.

Who is your ideal customer? What do they read? Where do they hangout? Why do they need your product? What do they do in their freetime? What words are going to resonate with them, compel them to be interested? How will you solve their problem? How will you help them understand how you will solve their problem? You’ve got to answer these questions so you can craft effective marketing campaigns.

Launch a Killer Campaign

Because you’ve done your research, you know what sort of visuals, colors, words to use, and you know where to put your ads and where to guest blog, which social media platforms to leverage and which influencers to partner with. When all is accounted for, running a good campaign costs a pretty penny. You take all the information you gathered to craft a campaign that elevates your brand, brings traffic, and ends up in sales.

Rack Up 7-13+ Touches
https://www.onlinemarketinginstitute.org/blog/2013/10/why-it-takes-7-to-13-touches-to-deliver-a-qualified-sales-lead-part1/ But, you’re doing more than looking for sales. You’re actually cultivating relationships. This is the fun part of building a business in 2017, and it’s also going to help your business build long-term success. Your campaigns need to be well-crafted and fresh to get eyes, and they have to establish a connection to keep those eyes on your channels. Whatever form of content you’re producing, tell a story that connects to your audience.

Don’t Do It Alone

It’s so time intensive to do marketing right. It’s complex, involved, and always shifting. Few startups have the capacity to do it well, and that’s part of why so many fail. Entrepreneurs work really hard to make excellent products, they pay for beautiful websites, they get investors and hire great people—and then they fail because the people who would have been happily loyal to them didn’t know about their product, or didn’t see its value.

You worked so hard to make your idea a reality. You worked so hard to build a good company. Don’t do all that work just to see it all collapse. Market market market. Market smart. Market often. Market well. And as your business grows and changes, shift your strategy along with it.

Read More

In This  Zero-sum Game, Call in the Marketers.

In This Zero-sum Game, Call in the Marketers.

You can’t do everything. FIrst of all, you don’t have the time, and second of all, you’re not that good. But you can do one thing and I bet you can do one thing better than anyone else. It’s the reason you’re here, starting your business and working round the clock everyday to get it off the ground. You’ve got something to share, something that only you can offer. As an entrepreneur, then, your most important job is getting that thing into the world. As the leader, you set the vision and guide your team to achieve it.

That’s it.

But. If you don’t get the word out, and if you don’t get to your target market, not even your best work is going to matter. How can it if the very people it’s designed to benefit never hear of it?

To do that, you need a top search engine ranking which means a great SEO strategy. You’ll need excellent content on a consistent basis; great user interface and user design; a good social media strategy that will include separate content and daily maintenance; and succeeding at the online marketing game (not to mention the ground marketing game) is not easy. It takes lots of time and energy, and great execution. It should be a sustained priority.

Which means: you can’t do it yourself. Don’t put it on your team, either. Optimizing a website takes at least an experienced developer, a great writer, and a dedicated social media manager. Outsource it so you and your team can focus on building the best company.

You Have One Job

Look, your business is your baby. I get it. It depends on you for its very survival. It needs to be held and changed and fed every three hours, and there isn’t anyone else who can—oh, sorry. I thought we were talking about an actual baby.

No, your business is not an actual baby. It’s a business. You’re its leader. If you’re in all of the details and you’re not letting your people–that presumably you hired–do their job, then you’re failing at two jobs.

1. You’re providing lousy leadership.

2. You’re not doing the thing that only you can do!

With startups, especially in the early days, there will be fires and meetings and learning curves, and they will take your time, energy, and attention away from your most important job. That’s just reality. Don’t make it worse by giving yourself more jobs.

Focus Only on High Impact Activities

“If you service low-impact activities, therefore, you’re taking away time you could be spending on higher-impact activities. It’s a zero-sum game.”  Cal Newport

Perhaps the most important aspect of your company is your marketing.

Remember that.

Everything feels important in your new company. It seems you’re indispensable to its success. Do not make the mistake of getting involved in every little thing, especially something as complex and time-consuming as marketing. Like Cal Newport says, it’s a zero-sum game and diverting your attention is costly.

Focus on being great. Let your marketing focus on getting your great work seen by the world.

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Your Content Sucks and No One is Reading It. Here’s Why

Your Content Sucks and No One is Reading It. Here’s Why

Were any of you around for CD Baby? I wasn’t, but I read Anything You Want by Derek Sivers, the founder and architect of CD Baby and you should really go read that book It’s quick and awesome, like a dip in a freezing cold river. In the meantime, I’ll share with you the most memorable and beloved part of CD Baby. Oh, but first let me back up.

CD Baby was around in the earlier days of the internet, when CDs were around and before Amazon was the Great Overlord of Earth. So, you’d go to this site and order a CD and they’d send you a confirmation email. But not just any confirmation; the most charming email you’ll ever get from a company. And today, it shall serve as our case study.

Thanks for your order with CD Baby!

Your CD has been gently taken from our CD Baby shelves with sterilized contamination-free gloves and placed onto a satin pillow. A team of 50 employees inspected your CD and polished it to make sure it was in the best possible condition before mailing. Our world-renowned packing specialist lit a local artisan candle and a hush fell over the crowd as he put your CD into the finest gold-lined box that money can buy. We all had a wonderful celebration afterwards and the whole party marched down the street to the post office where the entire town of Portland waved “Bon Voyage!” to your package, on its way to you, in our private CD Baby jet on this day.

We hope you had a wonderful time shopping at CD Baby. In commemoration, we have placed our picture on our wall “Customer of the Year.” We’re all exhausted but can’t wait for you to come back to CDBABY.com!!

Thank you, thank you, thank you!

Sigh…

We miss you already. We’ll be right here at store.cdbaby.com patiently awaiting your return

See what I mean? You’ve got to get this book! It’s great for entrepreneurs, but also everyone.

When I talk about good content, ^this^ is what I’m talking about. This was around before content marketing was even a thing but it’s still one of the greatest of examples of good content in the history of the internet.

What is “Good” Content?

The simplest measure of good content, and the one we’ll be talking about today, is how engaged you were. How do you know? Ask this simple question: Do I want to keep reading? It doesn’t matter the reason. Some content is informative and some is funny and some is gossipy and some is super technical. That’s what makes it such a useful question; it applies to all kinds of content. If you wanted to keep reading, it was good content.

Good content tells a story

This CD Baby email is telling several stories. It’s telling the story of a company that values creativity. It’s telling a story of customer care and experience. It’s telling one hell of a story of CD delivery. And when you’re done, you feel so good. In that way, it’s also telling you the story of a company that you want to remain loyal to.

As you develop content, keep in mind the stories being told and ask yourself if they’re true. Ask yourself if they’re stories that you want to read. This would be a good moment to dip into Simon Sinek’s golden circle talk, but I’m not even going to get into that because I don’t need to. You’ve met great story tellers in your life. It doesn’t matter what they talk about because they make everything so interesting.

Be a storyteller. Let your content tell the story of your company, your values, your people, your personality.  And if you’re not a good story-teller, hire someone who is.

Good Content Feels Like a Person Made It

Wendy’s Twitter account made a splash not too long ago for its wit and sarcasm. It doesn’t act like a sales machine or a promobot, and its certainly not beholden to stiff corporate decorum. Their Twitter account is always interacting with its followers in funny ways. At a time when retail and restaurants are taking a hit (thanks, Millennials), this fast food restaurant has 2 million followers. McDonald’s has nearly 3.5M.

It’s not because of the product, or because people love the CEO or believe in the company’s mission. It’s because those 140 characters are really good. These aren’t corporations just checking the box on social media. They have people managing their accounts, and a strategy directing them, and they’re successful because of it. People want to read and engage and connect–even with fast food restaurants in 2017.

If you forget everything else about this article, remember this: you are a human being. So is everyone who is going to read/watch/listen to your content. Be real! If you’re smart or snarky or deep, just own that. Apply it every time you create. Your content will stop sucking and start gaining followers.

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Does Social Marketing Always Need to be Social?

Does Social Marketing Always Need to be Social?

Marketers know the social sphere matters, but they can’t explain why they need to invest in social marketing. Thankfully, all that is changing using real numbers and relevant metrics.

Now, I know most social marketers consider their actions to be marketing. However, marketing and social actions are two different things. One uses social networks to generate defined, immediate, measurable results and the other uses social networks to build social engagement, brand loyalty, and customer satisfaction. This is exactly why it’s hard to measure the real impact of social actions. The two sets of metrics aren’t interchangeable. Social networks build themselves around brand-building metrics and marketers rely on hard ROI.

Thankfully, when it comes to connecting soft social actions with hard ROI, marketing outcomes are moving in the right direction. The social market is developing and evolving rapidly. Yet marketers fail to realize they need to stop justifying their social actions with notions of long-term community building. Don’t’ get me wrong, long-term community building is important on social networks, but if it isn’t paired with a focus on actions that produce measurable impact, then even the largest and most carefully curated social network is valueless.

Rather than exclusively thinking of social networks as platforms for taking soft social actions devoted to brand building, remember that social actions can drive meaningfully measurable results. There’s certain software, you can easily track the impact for direct social actions and measure click-throughs and conversions. Recent developments on the top platforms make it clear these networks’ efforts to court marketers are increasingly moving away from social actions and toward enabling functional advertisements. The impact of social actions is gradually becoming more clear, but the impact of marketing on social networks is definitely measurable now.

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