Introduction to Small Business Marketing 101
Whether your small business has existed for years, or just recently started up, finding the most effective marketing strategies is critical. That’s because small businesses don’t have the same resources to execute as larger scale firms. In fact, you may be the founder and CEO who has also taken up the mantle of marketer.
Let’s first talk about a framework for bringing the ideal customer to your website. It’s used by tons of businesses, big and small, and it can work for you as well.
What is inbound marketing?
Outbound marketing as “push” marketing and inbound marketing as “pull.” Rather than interrupt customers with disruptive ads or unethical sales tactics, you attract them via valuable content that helps them accomplish their goals.
To further elaborate, it’s about three pieces:
- Attract
- Engage
- Delight
You attract prospects and customers to your website and blog through relevant and helpful content.
Once they arrive, you engage with them using conversational tools like email and chat and by promising continued value.
Finally, you delight them by continuing to act as an empathetic advisor and expert.
The inbound methodology isn’t specific to marketing, by the way. The same process and mindset can be used in sales and services, too.
So, how do you actually do inbound marketing?
Inbound 101: The basics for getting started
There have been many books and courses on inbound marketing, so we won’t be able to comprehensively cover the idea here. Rather, we’ll give the 80/20 so you can start to take action. After you get your wheels on the ground, you can always go back and learn more about the methodology.
So what are the basic steps for getting started?
- First, map out your ideal audience, aka your target market. Who do you want to sell to?
- Second, map out the channels you can use to attract, engage and delight your customers. Where do they hang out and how do they communicate?
- Finally, begin crafting content and messaging that will be used to attract, engage and delight customers. Make sure you have analytics in place, because you’ll need to constantly learn and update your strategy based on the results you get.
Let’s dive into each one of these individually.
Know your personas & target markets
It’s possible you know your target market and have already built your buyer personas, but even if that’s the case, it never hurts doing this work again and learning more about your customers. The more you know about your customer, the better you can craft your messaging and strategy.
In defining a target market, you narrow down your audience to the level that you can choose correct marketing channels and start to define a buyer persona for messaging.
In building a buyer persona, you create a representative model of your prototypical customer. As in machine learning, you need to split the difference between perfect accuracy and perfect utility. In other words, you should gather enough data and information to make a buyer persona largely accurate to the real world, but you shouldn’t gather too much information and make it too complex.
How do you gather data to inform your buyer persona? There are many ways, some easier, some harder, depending on the stage of your company:
- Customer interviews (phone or in person)
- Digital analytics
- Surveys (on-site polls like Qualaroo and customer surveys)
- User testing
- Live chat transcripts and intelligence via sales and service teams
You’ll want to answer core questions about your ideal buyer, such as:
- What are their motivations and fears?
- How do they prefer to make purchases?
- How much research do they do and what kind of content is useful to them?
- How do they interact with brands? What do they prefer the relationship to look like?
- Who do they look to when they’re making decisions? Who influences them?
- Where do they hang out? How can you reach them?
- What type of language do they use?
All of these things will help you a) choose channels and b) craft messaging.
Just don’t create a silly made-up buyer persona with a cute name just to go through the motions. Also, it probably doesn’t matter what your buyer persona’s favorite color of car is unless you’re selling paint or used vehicles. Stick to the stuff that’s important and knowable.
Map out your channels and tactics
When you have a target market and buyer persona, you can look into different channels. There are only so many inbound marketing channels:
- Blogging
- SEO
- Social
- Facebook Ads
- Branding
- Referral
- Virality
Some channels won’t work for your business no matter how hard you try. For example, virality probably doesn’t make sense if you sell dish soap.
Similarly, some channels could potentially work but will take so much effort and risk to pull off, that you should probably table them for the time being in favor of higher impact channels. For example, if you’re a LawnStarter (lawn care) or ProTranslating (translation services), social media may not pay off.