Tagged: Marketing Methods

Marketing As a New Business Marketing

Geo-Marketing (or Geographic Marketing) is a new method of marketing a business and its website through web searches, mobile searches and social media. As you can see, the geo-marketing tools being used are digital and through the Internet or Mobile devices.

While geo-marketing’s definition is the association of data and maps in the traditional sense, the added convergence of local business listings, mobile marketing, and social media makes this method of marketing more powerful than ever before. This marketing tool is no longer just a large business marketing tool, but is available to small and medium size businesses too.

We should define what we mean by local business. A local business is any sized business dependent on the local consumer for its revenue. This means you could be a national company like Home Depot, U-Haul, or Best Buy or you could be a local florist or independent store only known to your local geography.

From a technical standpoint an Internet user’s IP address is tied to GPS data, like longitudes and latitudes, which are mapped with technology to geographies around the world down to the city and street level. While all this data may seem overwhelming, the good news is that most businesses do not need to concern themselves with this part of geo-marketing. Many of the tools already have all of this information built into their software or hardware technology so we can stay focused on how we will use geo-marketing tools.

The difficulty with any new marketing tool is a business’s inability to adopt the methodology early. When it comes to technologies and the Internet, in the past, by the time most businesses are ready to adopt a marketing tool, the industry has already moved on to something new. Being an early or at least an earlier adopter of marketing methods on the Internet and through digital devices can only benefit the business.

We have seen many signs over the past two years regarding the evolution of geographic marketing. When companies like Google, Apple, and the investment community of Wall Street start to put $100 million and more behind a technology it will become part of our daily lives whether a business wants it or not. Consumers have and will be using more of these geo-marketing tools to find businesses, services or products near them.

Let’s take a look at the three main tools that consumers are using to find businesses, products or services close to their geography.

1. Web searches are the first and most obvious, however, these are web searches in which a map displays with targets the businesses that match the search criteria. Unlike the traditional yellow pages, these geo-listings (a.k.a. Local Business Listings) can be claimed and updated with your business marketing information in order to meet these search criteria.

While this may sound relatively easy, geo-listings also include: consumer reviews that need to be managed; the clean-up of duplicate listings; coupons; offers; discounts; videos; photos; citations; QR bar codes; and, hyper local websites. Understanding what to start with and how to strategically use these components can be done by a professional marketing firm that specializes in this area. You can read more about these components in one of our previous articles on our blog.

2. Mobile Marketing is the next most significant geo-marketing tool in which SMS Texting, Mobile Applications, Mobile version of your website, and Mobile advertising are your key components. The starting point in this process will be with SMS Texting to get your alerts out to customers that subscribe to your short bursts of information. The reason why this is your starting point is that it will take time to build your list of subscribers.

3. Social Media Marketing continues to evolve and is, also, geographic in its targeting ability. Consumers are using Twitter, Facebook, LinkedIn, Wiki sites, Four Square, Instant Messaging and other social community tools on their mobile devices. While they use it mostly to find businesses, products and services, in the social communities they are seeking recommendations from their friends (near and far). They are, also, using these social communities to post their experiences with a business, product or service. For this reason you have to monitor the social communities in order to embrace any potential problem situations and work with them.

These three geo-marketing components are important to any business size – large or small – and each have their own sub-components that need to be well understood in order to succeed. Understanding the strategy amongst them; the acceptance and embracing them early; and, finally planning on a 3-year return will put you on the right path of geo-marketing.

Certainly your time resources are limited and Geo-Marketing Services are provided by SmartFinds Internet Marketing. You will find this to be of great benefit to your time resources and the low cost service may eliminate your yellow page ad costs. Let the experts of over 16 years Internet marketing experience help you use this local business marketing tool properly and prevent brand security issues from occurring.

Mobile Marketing Offers

A good business is always measured in terms of Return on Investment. ROI signifies the effectiveness of any business strategy. How much you invested and how did it turn up is all that decides the profits earned in a business. As far as advertising is concerned, ROI can simply be put as the amount of sale generated by the advertising. The more the sale an advertisement is able to generate, the more ROI it is supposed be bringing.

There are various means and methods of advertising. Print media, digital media, billboards, etc are some traditional ways of advertising. However changing lifestyles and lifestyles changing technology is demanding more form the advertisers. Gone are the days of lifeless print advertisements. Though these are cheaper to produce, these fail to provide sufficient information owing to space constraints. On the other hand, digital media advertising is catchy with the mix of audio and visual effects, but is costly and cumbersome to produce. Advertising on the internet is limited in its reach.

Advantage 1: Mobile marketing is inexpensive

Mobile marketing is certainly the most economic means of advertising and marketing in comparison to the traditional methods of marketing and advertising. The charges of bulk SMS and SMS marketing has come down to an affordable level. Thereby, mobile marketing can garner better ROI than any other marketing methods.

Moreover, at such less expense, mobile marketing has a potential to reach a huge cache of customers within a time as short as a snap of the fingers. No other means of marketing offers this unique advantage. The text message sent to the customers lies with them as long as they do not delete it intentionally. That gives freedom to the users to respond to the SMS whenever they feel to do so. This non compelling characteristic of mobile marketing has been, in fact, responsible in popularizing it.

Advantage 2: Response generation is excellent

As text message sent for mobile marketing gives freedom to the users to respond as per their convenience, it has been effective in generating excellent response. Text messages can include short codes and interactive menu that can offer added information to the desired customer. Additionally, it can incorporate URL to allow customers to visit the website for having in-depth look into the firm. Not only that, it can offer mobile coupons to lure the customers.

All these techniques have been effective in generating excellent response to mobile marketing campaign and covert more leads to customers; thus bringing in more business, profit and increase ROI.