‘Be a digital David in a land of Goliaths’: How a small business can grab customers’ attention
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For small business owners who are tasked with the day-to-day ins and outs of running a successful business on top of marketing and bringing in new clients, deciding where to devote limited resources can feel overwhelming. Even more of a black box is determining what efforts are the most effective.
LinkedIn members recently flocked to a post discussing these challenges, seeking guidance on lessons they can take from large companies’ marketing campaigns, how a one-person shop should brand their business and the most impactful ways of using new technology.
To get answers to the top questions posed by members, I reached out to LinkedIn influencer Ann Handley, the chief content officer of marketing education company MarketingProfs, and marketing expert Marcus Sheridan. Below are their edited answers.
How do you brand a small business with one owner/employee? - Eileen Harwood
AH: Metaphorically speaking, turn the camera around. The smaller your business is, the more YOU as the owner are an important part of your branding, your marketing and your story. So be sure you are visible.
MS: With only one person, you can say what no one is willing to say, and with the power of video and social media, you can get your thoughts out to the world at scale in an incredibly cost-effective way. But the key to this is a willingness to be polarizing, take a stand on buyer questions within your industry (or other issues within your industry) and openly talk about them. Have an opinion. Share it. Be incisive with your language. Many will be turned off, but many will be impressed and say, “I want to work with that person.”
What percentage of a company’s annual budget should be allocated to marketing? - Michelle Corum
AH: There are no hard rules, but here’s my recommendation: Younger companies should plan to spend more, in the 20 to 25 percent range. A more established company can spend less, about 10 to 15 percent.
What marketing lessons can be taken from what large corporations do and be applied to a small business on a small budget? - Lindsay Mueller
AH: Consistency and brand voice are two things that brands of all sizes can do. By consistency, I mean you publish your marketing materials on a consistent, regular schedule. You need to show up at predictable times. For example, send your email newsletter at the same time every week or month.
MS: I actually find that small businesses have dramatically more creativity and flexibility than large corporations. Small businesses can be a digital David in a land of Goliaths. They don’t have to ask permission. They don’t have to have their content or campaigns run through a board for approval. Rather, they can create new rules of marketing and communication within their space, and once this is done, the large corporations have to follow.
What is the most effective way to use technology to increase awareness around small business products or services? - Matonia Munroe
AH: Pick one and go big. Don’t try to use all tools and all platforms. You should pick one lane, otherwise you’re all over the road.
What are the pros and cons of re-branding? How often is too often? - Stacy Knight
MS: I find that if you’ve become known for something, it can be a massive mistake to try and pivot and completely eliminate the old part of your brand, especially if becoming that brand made you successful in any way.
Your brand should evolve if the marketplace is clearly pushing you in that direction. But if you’re doing it simply because you’re tired of being known for something, tread carefully, as you might be making a mistake in the long run. And if you change your brand too often, you’ll start to look like “the brand that cried wolf”—eventually, no one will listen.
Business owners, do these answers resonate with you? What marketing practices have you taken from larger firms and applied to your own company? What’s worked for you in generating leads and building a larger customer base? Join the conversation in the comments below.
Managing Director at SPACEFULLY YOURS
5 年Thanks for the article Jordyn, as I am venturing in the marketing aspects of my business is nice to have guidance and read different comments about the article as well. I have a lot to learn in regards to juggling marketing with the 'to do "list and understanding how much to invest in it. Nice to see some guidelines and to read in the comments that I am not the only one playing the juggling act!
Co-owner of Premier Computer Services, Inc.
5 年Thank you for the article and the comments!?
Sr. Mentor/Advisor startup/turnaround
5 年Good subject, As a techie I love to dive into the details, look for ways to get visibility, recognition, delivery of user cost benefit messaging etc., but a factor I try to convey when working with smaller or even one person organizations is how important showing your passion and enthusiasm is. It’s our most powerful tool.
Project Control Specialist
5 年Excellent article, Jordyn?and I love the "Be a digital David in a land of Goliaths" heading!?I started marketing my small business on LinkedIn in July 2017 and focused on sharing content that was relevant to the platform, such as vacant positions, posts that were written by members looking to obtain employment, and writing career-related content coupled with short stories about life. With that being said, call me old fashioned but I believe in keeping things personable by speaking with the people who hire me and treat them with the utmost respect. Besides, if it wasn’t for them I wouldn’t be where I am today and they're always recommending our team due to us treating them like family. Furthermore, I believe the reason most small businesses fail within the first five years is due to forgetting what built the foundation of their business, to begin with - People! Lastly, I have more word-of-mouth business than anything else and it's due to building friendships while writing resumes, cover letters, and CV's, as well as revamping/setting up LinkedIn profiles in addition to Indeed and ZipRecruiter accounts. #oldschool?#strategies?#linkedinfamily
Generative AI Business Analysis, Requirements Engineering, Business Data Analytics & Software Testing
5 年This is not a new problem. We small businesses have to leverage the tools we already have, starting with LinkedIn. My personal experience has been that it is very easy to get "spread too thin," trying to manage all of the different "marketing channel" tools available. For me, I picked LinkedIn Sales Navigator. Once I paid for the service, I started working through all of the online training LinkedIn provides and it has been very useful. Understanding the SSI (Social Selling Index) has shown me where I need to focus my time. If anyone else reading this is using Sales Navigator, I would appreciate your thoughts.