Showing posts with label Small Business. Show all posts
Showing posts with label Small Business. Show all posts

Thursday, February 25, 2010

Starting a Blog for Your Business? Start With a Business Case

Longleat Hedge Maze
Image by Howard▼Gees via Flickr
"Blogging is easy. Every business should have one."

That's often the only argument you'll hear consultants give when advising clients on the merits of blogging. After that, they wax poetically on a litany of benefits you'll get from blogging. Increase search traffic & better engagement with customers usually top the list. And while I agree with the last two, you lost me at "... is easy".

Relative ease does not a business case make.

A business case for blogging? You must be mad. It's easy!

Didn't we just cover that? And just so we're clear, strategic blogging for a business is certainly not easy. The mechanics alone are daunting to a the vast majority of people who don't let words spew forth from their keyboards naturally. It's a tactic that takes time and understanding to develop the necessary skills. And that's just to learn how to write. Now do it frequently. Against a schedule. On plan. And fit it in with the dozens of other things a business owner has to do every day to keep their business a going concern.

OK, Ok... ok. It's not easy. But a business case?

Yes, a business case. Listen: anytime you invest time or money in something for your business, you need to understand what you're getting yourself into. Don't get me wrong; I'm a sucker for spontaneity. Some of my best ideas were crazy "gee, I wonder if..." ideas that were launched shortly after the concept germinated. But the ones that are still going all -- without exception -- had at least a rudimentary business plan. I'm not talking about a 60-page document that needs to be ratified by the Board. The last business case I put together for a client was a simple spreadsheet.

But to my initial point, "it's easy!" isn't a business case.

Here are 3 questions you need answers to before you jump on the blogging train:

  • Do we have the content? If you're a retailer that relies mostly on your vendors to supply you with information about the products you sell, this may be a problem area. By and large, you can't repurpose collateral and have that be blog-worthy content. You need original material, written from your company's point of view and in your company's voice.

  • Do we have the time? If you're working your employees at close to maximum, they won't have a lot of bandwidth to dedicated to blogging. And the time it takes you to read a blog post has nothing to do with how long it took someone to write it. 2 - 3 hours per post isn't an unrealistic numbers. How will you balance that time against other productive work time from your employees?

  • Do we have the dedication? Every new blog starts out with the same number of readers: zero. Almost every blog grows at about the same rate: incredibly slow. Even with gangbuster content right out of the gate, you shouldn't expect any sizable audience for 6 - 12 months. Maybe 18. Are you committed to generating exceptional content on a schedule that entire time and accept slow and steady progress?


And for fun, here are 3 questions you should never ask yourself about blogging for your business, for the answers are abundantly clear:

  • Should we outsource our blog to someone else? Oh hell no. Yes, there are professional writers out there who perform copywriting services on a consulting basis. I'm one of them. But you do not want to outsource your blog content. There are many ways in which you can use these services to help your blog be better, but don't ever think you can hand the reigns over to someone else. The best business blogging comes from within. Hire, train or allow for personal development. Don't outsource.

  • Is our business interesting enough for a blog? Oh hell yes. You obviously think it's interesting or you wouldn't be doing it. And if the whole thing isn't all that interesting, there are some parts that are. Focus on those. If you can convey the interesting parts of your business in a blog, you've just made inroads with potential customers when they discover it. And isn't that what your sales people try and do anyhow?

  • Is there an audience who cares? This goes hand-in-hand with the last point. Don't assume your business blog has to appeal to tens of thousands of people. It doesn't! Interesting content will attract the right audience to it, and that will expose people to your business. Key words include interesting and content. No one cares about a blog full of posts about products. Blah.


So... ready to blog now? It may not be for you. Yet. Don't feel pressured. But don't ignore the question. Keep asking it. Some day, you may be ready.

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Saturday, January 2, 2010

It's OK to make money with social media

If your company gets involved in social media this year, will you make money from it? If not... don't bother.

Yes, I realize that your customers want you to get involved with social media. Many of them would also like you to give away free beer, but you probably don't do that.

Yes, it's true that your customers are having conversations about you that you aren't aware of. But do you think that didn't happen before social media? Please.

Yes, your competition may have hundreds of people engaging with them in the social sphere. But are they doing anything truly remarkable, or are they just chatting? More importantly, are those people buying more stuff because of those conversations?

You won't succeed at social media on accident. And success probably isn't measured by mentions and followers. Success for your business is measured in dollars, not sentiment. In sales, not conversations.

Social media playtime is over. Business just getting involved today don't have the luxury of figuring it out as you go along. It's time to stand on the shoulders of those who've come before. Time to learn from the mistakes of others. And to extend on the wins many have made.

Three questions to think of:
  1. Is your social media crew up to the challenge? The right crew will have a blend of business acumen and real-world social media skills. Balance is important.
  2. Does your agency talk in the language of your business? The only metrics that matter are the ones you care about.
  3. Are you demanding return and payoff from your digital marketing efforts? If it costs money, it should return more money. Period.



Your answer to all of those should be an emphatic yes. If not, put those responsible on notice.

Tuesday, December 15, 2009

Do you need a website to do business online?

11 Cloned Men Went To Mow, Went To Mow A Meadow !
Image by Bobasonic via Flickr
The future is almost here. No, really. In a few days it will be 2010. That's the future.

As of late, I've been writing a lot about business. Specifically, how the digital world changes what it means to be "in business". A catch phrase I've been using over the last year is this: Doing business online means more than just having a first-class website. And while I believe that is true, I wonder if the statement goes far enough? I wonder if, instead, I believe this:

It is possible to do business online without having your own website.

Heretical? Not really. And not all that ground-breaking. I first heard about eBay from a neighbor almost a decade ago. A significant portion of his income came from trading baseball cards on the site. He didn't have his own website until the last few years. I've ran a digital media consulting practice for the last two years without a site for said practice, though I'll concede that this site helps and that I used prior connections to secure clients.

The web of today provides smart businesses many chances to make connections without having a dedicated website. So yes, it's possible to do business without one. I'm not advocating you abandon your website. But I do challenge you to consider the role your site plays today. Think of where your customers or prospects are and be there. Spend at least as much time building and maintaining your presence out there as you do on your own site.

Maybe more?



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Monday, December 14, 2009

Exceeding by reducing choices

Beer wall from an #evfn at Whole Foods
Image by evo_terra via Flickr
Given the choice, I think every business would choose to be remarkable. Certainly no one in business wants to provide a bad business experience. But I'm more troubled by those in business satisfied to deliver a staple experience.

Staples are things you have to have, or need on a regular basis. The "general store" of old comes to mind. Competition really didn't come into play, as they tended to be the only game in town. It may not have been pretty to shop in, but they had what you needed. And if they didn't, you probably didn't know you needed it.

Today, businesses in the staple-market compete on one thing and one thing only -- price. Margins are razor-thin. Service and selection are commoditized. Success is measured by volume. Customers are lured in by items offered below cost in the hope that an impulse decision may result in a slightly higher profit item being sold. Some companies have made loads of money this way. Some entire industries operate under this principle. There is a success path here, if that is your true intent.

There exists a direct relationship between choice and staple-ness.

It's hard to offer a multitude of choices and succeed at all of them. It's difficult to try and meet every conceivable need and almost impossible to exceed them all. If you're lucky, you do one or two things really well. The rest? Filler. And those things you don't knock out of the park may be doing harm to your business or your brand.

Consider the restaurant that offers dozens of entrées. Do you go there because the all the food is fantastic? What about any of the food? Chances are, you eat there because it's fast (relatively speaking), decent (relatively speaking), cheap (relatively speaking) and predictable.

Alternately, consider the establishment that is really known for one or two things. Chances are, they offer a more limited -- more exclusive, if you will -- list of items that they kick-ass on. Every. Time. Because of the limited selection, they can also be fast enough and (relatively) affordable. But these places offer a product that is far above decent. Predictable? Only to those who are regulars, and they often drag their friends along just to see the look on their faces when they taste something truly remarkable.

Those same rules apply to almost any small business or entrepreneur. Focus on that which you do better than anyone else. While it's hard -- if not stupid -- to turn away business, understand the possible risk if you fail to not just meet, but exceed your customers' expectations.

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