4 Main Things That You Should Know About Email Marketing That Can Boost Your Online Business Revenue

The world is moving very fast and every day new developments change the way people shop for products and services. In order to stay competitive in online businesses, the business owners are reminded to change their marketing strategies to suit the needs of the online buyers. One of the key areas they need to look into is email marketing. Making good use of this particular marketing enables the business owners to boost their business revenue in the long run.

Here are some of the key points I would like to share with you:

Point No.1: Knowing the purpose

In order to promote your online business, you need to advertise. In general, advertisement cost is usually high. The purpose of having email marketing is to assist you to reach a large number of potential customers at very minimal cost within a short period time. You need a platform to promote your new products or services. Email marketing is able to assist you to create awareness among the public and attract them to visit your website. When the number of online users who visit your site increases, you stand a higher chance to generate more revenue.

Point No.2: Decide your budget

To be frank, email marketing involves a certain amount of cost. If you are a new comer in online business, you are reminded to work out your budget carefully. You need to decide which demographics or target market you want to reach. If you want to achieve great success in email marketing, you must know what type of people who will be interested in your business first. Don’t just simply spend money on email marketing without having clear direction.

Point No.3: Decide the party who handles your email marketing

You can’t handle this on your own. You need an advertising company to handle the entire email marketing campaign for you. Selecting the trustworthy service provider is essential so that you will be able to reach your target market easily within your budget. Hence, you are reminded to spend your time selecting the right company who can provide you a value-for-money package.

Point No.4: The content of your advertisement

Seriously speaking, many online business owners, including your competitors, are using email marketing nowadays. How are you going to differentiate yourself with others? You need to look into the content of your advertisement carefully. What kind of message you want to convey? What text to be used? What graphics are interesting? How to portray your unique business image? It is important for you to plan these so that you can gain the attention of the potential customers at the first place when they receive the emails related to your business. Please keep in mind that if the content of your advertisement is too general, no matter how many emails you send out to the people, you will never get any response.

Email marketing is not complicated at all. Knowing how it works enables you to plan your business better. A last reminder here is you must do proper tracking after the emails are sent out. You have to measure the results accordingly so that you can check whether this type of marketing is really effective.

Innovative Business Concepts for Entrepreneurs and Organizations

The rapid expansion of the Internet and its growing adoption rate has allowed innovative business concepts and ideas to be developed at a pace never before seen. With millions of entrepreneurs and established businesses utilizing innovative business ideas to not only bolster their existing programs and processes to create entirely new modes of operation, we will continue to see unique and inspiring developments in these areas. The convenience that the Internet provides has allowed more home-based businesses to thrive as people now have the opportunity to develop their concepts and innovative ideas from home. In addition to this, there have been numerous investment opportunities that have now become commonplace as individuals have found considerable success and profit by following these ventures.

When looking for innovative business ideas that require minimal investment for entry, or if you have been presented with an opportunity that looks overly favorable, it’s important that you stick to solid business fundamental analysis that will prevent you from being carried away by the hype of the situation. When following an innovative business concept it is important to take the time necessary to research, and evaluate the feasibility of that opportunity and how it pertains to the present marketplace. Often times entrepreneurs get over excited at the prospect of unlimited profit potential however, these innovative business ideas may only appear that way on paper. It is important to do as much research and due diligence as possible when trying out business concepts and strategies. Some strategies may turn out to be unfavorable for your particular environment.

An innovation strategy example can be found in the story of Sam Walton. Sam was the founder of Wal-Mart, which is now the largest retail chain on the planet. He continuously searched for innovative business ideas and adopted them as he developed his product delivery and supply chain operations. His innovative strategy led to not only one of the largest databases in existence but a supply chain strategy that has proven to be one of the most intricate and hugely successful strategies ever devised. With business concepts it’s more than just testing out random ideas. All successful and innovative business ideas are simple however not all simple ideas turn out to be a success. Today it is important for businesses and entrepreneurs alike to continue to evolve and test out innovation strategies as they revolve around technology and social trends. The market and landscape for business continues to evolve and it is an essential part of the survivorship of a business to focus on core ideas that have developed over time. These strategies and concepts must be retooled and adjusted as needed and must not remain static. For entrepreneurs, there are numerous opportunities to engage with customers and test out innovative business ideas on a daily basis. Finding the right strategy or combination can lead to not only explosive results for your small business but also a methodology that will carry on for years to come.

Twitter’s Small Business Guide Simplified

If you’re a small business owner who doesn’t get Twitter, don’t worry – you’re not alone. If you consider yourself a Twitter novice, you’re in luck! Twitter’s web site recently released a swell Twitter for Small Business Guide designed to help folks like you not only learn about the benefits of leveraging their service, but also how to use it at a more functional level. The downside of that is that not all of us have the time to thumb through a ‘how-to’ manual about why and how to use a social media platform that may or may not help us make more money. Not to worry, though! We’ve already done it for you!

This week’s post is a simple break down of what Twitter is, why it could be good for you as well as some helpful pointers about how incorporate it into your marketing strategy. There’s a lot of depth to all of these points, so if there’s anything that you require a deeper understanding of, feel free to check out the full guide, get the link below.

Let’s not waste any more time!

What is Twitter?

Twitter’s web site puts it pretty succinctly: Twitter is an information network that brings people closer to what’s important to them.

That’s pretty simple, isn’t it?

With over 100 million active users, Twitter is one of the largest networks in the world. Its 250 million tweets per day have turned it into an interest-driven media machine that’s introduced new channels for communication – not just between people, but relevant businesses as well.

How can Twitter help your business?

Small business internet marketing on the whole has become more interest-based than ever before. In a world filled with tons of advertising and push-marketing clutter, platforms like Twitter are allowing people to cut through the noise and get to exactly what it is they’re looking for. It’s made it easier than ever before to connect – and connect frequently- with people who are interested in buying what you’re selling. That means a whole new world of opportunity if you’re brave enough to make the jump.

How does it work?

Users search for, link to and share information using Twitter as an incubator. Your ability to leverage Twitter depends largely on how well you’re able to interact with the people that are of interest to you and those who are interested in you. This perpetual, never ending dialogue with others can help you do a lot of things about people in and around your industry, using your observations to help sculpt a marketing plan based on how your users talk, interact and behave with your brand and brands similar to yours.

Twitter is 100% conversation-driven, meaning that it will take some participation (and time) on your part to make it work. Interacting with your followers and those who you are following yourself isn’t really a choice – it’s a necessity if you’re looking to grow your network and truly make it work. Remember- Twitter isn’t about creating a website – it’s about creating a conversation!

What’s the basic lingo?

The great thing about Twitter is its simplicity. Here are some basic Twitter terms that you’ll have to be familiar with before you start:

  • Tweets - In a nutshell, a tweet is what you have to say. It has to be under 140 characters in length. Whenever you share out information, you’re tweeting.
  • Hash tag (#) – Hash tags are the lifeblood of Twitter. They’re essentially the conversations themselves. For example – if you’re a San Diego Padres fan and want to contribute to a discussion on the team, searching the hash tag #padres will take you to thousands of tweets and conversations about the team. Diving right in and tweeting to people or just contributing can result in more interactions. The more interactions mean more conversation. The more conversations you have, the more likely people are to follow you. That brings us to…
  • Follow - Just like Facebook, Twitter allows you to keep tabs on the people and entities that interest you. If you like what someone has to say, you can follow them and their tweets will show up in your feed. You’ll be able to access the content they provide, read the articles they suggest and interact with them at will.
  • Followers - These are the people who are following you and want to read what you have to say. Anytime you tweet, they’ll be able to see what you shared in their timeline. This is your audience, so make sure you’re paying attention to what they’re talking about as well! Some folks like to follow the people who follow them- not because of some unspoken courtesy (although that does happen), but rather because there’s a lot they can learn from their behavior.
  • Direct Message – Exactly what it says it is. When the conversation becomes too involved or in some cases – too private – for public consumption, Direct Messages allow you to interact with folks on a deeper and more private level.
  • Retweet - Retweet allows you to share someone’s comments with the push of a button. Retweeting is especially handy when you’re looking to share information such as a blog post or article. Instead of going through the pain of making your own tweet, you can merely hit the ‘retweet’ command and that person’s tweet will show up in your timeline for your followers to enjoy.
  • Mention (@) – When you want to bring something to someone’s attention, you can use the mention function. Your tweet will show up in your timeline and be visible to the person with whom you are interacting with. Mentions are usually used to directly start or jump into a conversation.

What are some basic best practices?

Like any information network, Twitter has some best practices that you should follow. The following is a brief summation of the points raised in the Twitter For Small Businesses Guide. For a more comprehensive overview, you can read the guide in its entirety.

  • Show Personality – The biggest part of your brand is you. Don’t be afraid to let your personality shine through. Too many people make the mistake of communicating in a generic tone. Remember, you’re having a conversation, not lecturing folks!
  • Follow & Learn – People who listen and learn on Twitter are those who are usually the most successful. Follow businesses that are similar to yours and see what they’re doing. Observe what’s working and what isn’t. Over time, your goals will be developed largely in part by the behaviors of your audience.
  • Give them something more – Twitter can be used to convey information about your company that might not be able to be found elsewhere. Maybe it’s a video showing you making a product. Perhaps it’s a promotion or special offer. It could even be an article teaching someone how to do something. Adding value to your tweets takes them from being just something that’s fun and informative, but a legitimate resource for information to your customers. That’s what will keep them coming back.
  • Be responsive – When people have something to say to you, respond. Like I said before, Twitter is all about the conversation. Especially if the tweet is something that might be more critical in nature, being able to address it up front and publicly says a lot about how you handle issues. Always be prepared to engage others. Your responsiveness is essential to strong branding!
  • Tweet daily – The best part about Twitter is that it doesn’t take a lot of effort to stay active. 420 key strokes a day can give you a tweet in the morning, afternoon and evening. Most marketing consultants are going to tell you to tweet at least one to two times daily. It’s up to you how much you decide to dedicate to Twitter daily, but being there every day – especially in the early going – is important! Stay active and stay relevant!

Jump in!

While a lot of places will tell you to be careful about how you experiment with Twitter for your small business social media marketing, it shouldn’t stop you from jumping into the fray. Set up a personal account and explore on a dry-run before setting up an account for your business. Get a feel for how it works and your comfort level. Use your personal account to see what other companies in your industry are doing, saying and what they’re using to drive interaction and engage their users.

Once you’re ready to go, jump right in! You won’t get everything right, but that’s O.K. Experience is more often than not, the best teacher! Good luck!