Vesta Digital Blog

Posts Tagged ‘small business

Why You Need to Have Videos on Your WebsiteAdding videos to your blog and your business website can be a great way to share new information with your consumers. It’s a quick and easy way to make your business website more personal, valuable, and interesting to your consumers.

If you have a high-involvement product that requires educating your consumer, it can work against you to have a lot of copy in your website trying to explain it. Consumers don’t want to put forth a lot of effort once they reach your website. You have less than a few seconds to grab their attention, and an even shorter amount of time to convince them you have a solid product.

Use videos

Using videos is not only a fun, easy, and quick way to explain your product, but it is a great way to increase your social media marketing activity. The amount of users on video sharing sites like YouTube and Vimeo give you a great opportunity to reach broader audiences.

Once you post a video on your website, people have the ability to share it with others. Because videos by nature are just easier to understand than large blocks of copy, information is more likely to get passed on.

What kinds of videos you should post

There are so many things you can use a well-constructed video for. You can have a page on your website filled with videos like:

Using videos for this kind of information gives your customers a little more value. Watching someone in their own consumer market talk about your product will do a lot more for your credibility than just reading about it on your website and seeing a picture.

How it Helps Social Media Marketing

Once you post a few videos, you’ll start to see how much easier it is to share information verbally rather than through written words. Set up a YouTube channel and have people subscribe to it. By embracing the myriad of ways you can use social media, you will be able to build up a larger consumer base and your consumers will be more interested in interacting with your company.

Distributed by IntelBuilder Social Media Platform

3 Simple Ways to Increase Cash FlowAre you the type of person that has a tendency to procrastinate because you secretly love the thrill of getting things done on time? If so, you have probably experienced the stress and urgency of trying to establish some cash flow in your small business.

Cash flow

Cash flow is truly the lifeblood of your small business. Without it, your business will drown even if your income statements say you’re making a profit. Cash flow is defined as the relationship between revenue and expenses over a given period of time. Investorwords.com actually calls it “a measure of a company’s financial health.” Revenue is the money flowing into your business through sales of services or products, and expenses can be just about anything you spend money on to run your business.

Your primary objective as a small business owner is to make enough revenue (consistently) so that the revenue made is greater than expenses paid. This way, you begin to build up an overflow of money coming into your business. You need this overflow so you can have the ability to do anything from taking advantage of new opportunities to covering unexpected emergencies.

In order to avoid a cash flow crisis, use the tips below to build up your cash overflow and enjoy your growing business.

Cash overflow

1. Always receive payment upon delivery

Many small businesses allow customers to enjoy first and pay later. The fact is, if you want to see your cash flow remain consistent and steady, you can’t afford to do this. Credit is for banks and large corporations, not your small business. If it’s realistic, always ask for a one-time payment in advance of your services. If your product or service is delivered over a period of time, request payment in advance of each delivery. You should offer some sort of discount for paying more up front rather than over a period of time.

2. Pay every bill on time

Nothing but common sense here, you’ll save money by avoiding late payment charges and you can often take advantage of payment discounts for early payments.

3. Have a product that makes you money more than once

By creating something that you can sell multiple copies of (like an e-book) can be extremely beneficial and cost effective. Having a business website where you can sell your products is also extremely beneficial and can save you a lot of time, money, and effort by reducing many costs.

Distributed by IntelBuilder Social Media Platform

How To Stand Out and Increase Sales OnlineHaving a business website can be a huge cost advantage and very profitable. However, there are some downsides to it. For example, having a brick and mortar location in a high-traffic area can get you some great sales, but how do you get people to notice you on the web?

As a small business, you need to devote most of your time towards marketing your website to consumers that need your products or services. You just don’t get the natural traffic that larger brand names have and because of that – you have to work a little harder.

Stand out

It’s difficult to stand out on the web, but in order to appear higher up on a Google search (clearly a priority since most people never search past the second or third page of search results), work on your search engine optimization (SEO). SEO is the process of weaving popular search keywords into your copy so Google is more likely to rank your website above others when people are searching for something that relates to your brand, product, or service.

You can also use social media to your advantage by working a Twitter page or a Facebook page. Once you find people talking about issues that relate to what you’re selling, you can jump into the conversation and provide a solution. For example if you run a daycare business, listen to people speaking about the trials of having young children, join the conversation and offer a solution.

Encourage sales

If your site is easy to navigate, provides fresh (continuously updated) content, and unobtrusively directs people towards purchasing your product, you’re well on your way to having a profitable web presence. Your site must look professional, organized, and trustworthy. For example, if you can’t take quality pictures of your product, ask your supplier to send you some images you are allowed to use on your website.

There are so many little things you can do to engage your customers and encourage people to buy from your website and not your competitors. Take the time to review what you have, and invest the time to improve your business website and current market position.

Distributed by IntelBuilder Social Media Platform

How To Cut Your Marketing Budget and Increase SalesAs prices all around us begin to rise, we start to get a little uneasy about budgets, pricing, and expenditures. Even though everyone is saying the economy is on the rise and us small business owners are on the upward trend, it’s always smart to cut your budget where you can afford.

Michale Kraus, a blogger, retail consultant, and marketing expert, wrote a great post for allbusiness.com that discusses a few ways you can cut your budget as a small business owner. Using these methods can not only save you money, but will be able to drive traffic to your business, convert leads into sales, and help your business grow in general.

Here are a few tips from Kraus:

Social Media

I continue to push the social media for two reasons:

  1. It’s free
  2. A whole generation of consumers live on social media

The evidence is mounting that social media does create awareness and can drive sales. And with 500 million Facebook users, not to mention millions of Twitter users,the growth of group buying sites like Groupon and Living Social, there are a lot of reasons to jump into the fray.

Email

Reaching out to your existing customers is key. After all, they already shop with you, so why not tap into this important market and give them a reason to visit? You can offer a deal, or perhaps your messaging is about a new line you brought in. Whatever you do, make sure you’re not spamming your best customers with too many emails, since you risk alienating them — and that’s something you cannot afford to do in this fragile economy.

Bounce Backs

There’s no better way to communicate with a customer and get them back into your store sooner than with a bounce back offer. Hand them a simple printed postcard or other piece when they’re at the cash wrap. Then tell them about the offer (usually it’s good for a discount then next time they visit). The beauty is that you specify the offer and the time period they can get the deal. So push it out four weeks to drive traffic back into your store. Double down and use social media to remind everyone about the card they’re holding and when it’s valid.

Distributed by IntelBuilder Social Media Platform

How Social Media can Increase Productivity within Your BusinessMany small business owners are already taking advantage of the power of social media in their marketing efforts, but many are unaware of the tools social media has to increase internal communications and productivity within your company.

As an entrepreneur, one of your main priorities is maintaining proactive communication among your employees. In order to lead an entrepreneurial venture, everyone needs to have a sense of alignment with each other rather than a hierarchical system. This can only happen with an effective amount of communication.

Using Social Media in the Office

Many companies use Twitter, Facebook, LinkedIn, and other social media channels to promote internal networking and encourage collaboration among different departments. This encourages stakeholders to participate and express their opinions. It gives everyone in your company a voice and an ability to be a part of the big picture – which is the key to having a great team and a successful company.

Instant visibility is one of the most useful aspects of social media. Posting something on a group wall is effective in that everyone can see it right away. Using file sharing techniques such as Google Docs or other programs is also useful that way various people can view, edit, and share important documents rather than waiting for documents to get passed around the office for approval – and you save paper!

Also, because many companies are using social media marketing, it can be beneficial for everyone in the company to have access and sharing ability on channels such as Facebook. That way, if any conversations come up about the company or the products the company offers, everyone can see it right away and take that information into account when making future product or marketing decisions.

Higher profits

Because everyone would be involved, have a voice, and have the visibility necessary – it can lead to an increase in collaboration and productivity. These are great assets to promote in a business setting because collaboration and efficiency can be your keys to increased revenue and profit.

Distributed by IntelBuilder Social Media Platform

How To Raise Startup FundsBudding entrepreneurs are often faced with the ultimate barrier – having money to make money. While most mentors encourage entrepreneurs to use family, friends, savings accounts, and credit cards for startup capital, there are other alternatives to raising funds.

Here are a few options you have as alternatives to maxing out your credit cards or bumming funds from family and friends:

Do not pull out from your employer

If you are one of those budding entrepreneurs who finds opportunity inspired by a lack in your day job, you may have heard that it’s important to pull out from your employer in order to focus on your business plan. However, if you’re struggling to find capital to start up your business, your most prudent option is probably to keep your day job. You may have to work long nights as it usually takes just as much focus and work to finalize your business plan as it would to work 9-5 day job.

Just make sure your new venture isn’t getting in the way of your day job because scattering your efforts can lead you to mediocre performance in all areas rather than excellent performance in one main focus.

Pay your employees first

If you have already pulled out from your employer and have a fledgling company already up and going, it might be your best option to use the income from your acquired clients to finance your business expansion, rather than to seek external financing. Bootstrapping is an effective way to use your cash flow, at least temporarily. In order to put your company profits back into the business rather than your bank account, you’ll need to cut your expenses and really focus on acquiring leads.

There are many ways to cut expenses, like working from home rather than an office or even exercising deferred compensation with your suppliers.

As you are starting your own business, raising capital can be your number one priority as a business owner. Make sure you’re doing everything possible to cut expenses. You can easily cut your marketing budget by using social media marketing as your main channel for lead generation and brand awareness.

Distributed by IntelBuilder Social Media Platform

Why Do People Unsubscribe or Unlike?If you own a small business, have a business website, and practice an effective amount of social media marketing, you should be well on your way to building a strong and loyal customer base.

Some small business owners however, start to experience a mass unsubscribing or unliking movement by their leads. As if all of their leads got together and decided to stick it to them by either completely ignoring the lead nurturing efforts, or unsubscribing all together.

Why does this happen?

There are a few reasons why people may ignore your updates, emails, and offers. However, the first and most important step you need to take in solving this problem is to be honest with yourself and see if you are doing anything to drive your leads away.

Email marketing mistakes

According to Entrepreneur.com, “the trigger that prompts 54% of consumers to unsubscribe is when the offending company bombards a subscriber’s email with too many marketing messages.”

So, are you bombarding your subscribers? If you are constantly sending emails without any valuable content in them, there is no doubt that they will eventually unsubscribe or ignore you completely.

You can fix this problem by asking for feedback about what kind of information they would like to receive on a regular basis, and by offering some deals and some incentive for your leads to actually open and read the emails you send them. Again, it’s about quality not quantity.

Social media marketing mistakes

The majority of Facebook users have “liked” a business page or two during their membership. Unfortunately, almost half of those who have liked a business page rarely if ever visit it.

“Not surprisingly, excessive posting accounts for 44% of the decision to ‘unlike,’ while 43% of Facebook users indicate their account is too crowded with brands” according to Entrepreneur.com.

The basic remedy for this problem is caring about your customers. People want a brand that cares about what they like, what they don’t like, what they want to know, and what they don’t want t o know. As long as you interact with people who “like” your business page on Facebook, they will interact with you and trust your brand.

You just need to make sure you are limiting your posts and providing engaging conversations and offers.

Distributed by IntelBuilder Social Media Platform


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