Jeweller - October 2023
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BUSINESS<br />
Logged On<br />
Promotional mistakes your business should avoid<br />
Placing your business in a position to succeed online can be a headache.<br />
BRIDGET BROWN reveals the digital marketing pitfalls small businesses should avoid.<br />
“A small business is not a ‘little’ big<br />
business.”<br />
This adage comes from executive leadership<br />
coach John Welsh, and I couldn’t agree<br />
more. Every small business owner knows on<br />
some level that ‘small business’ marketing<br />
is different from ‘big business’ marketing;<br />
however, it can be challenging to define<br />
precisely why.<br />
This is partly because most marketing advice<br />
implies we should mirror what the most<br />
successful big businesses are doing.<br />
For example, the best practices for building<br />
a website, running a promotion, and using<br />
social media are all based on the model that<br />
works for the ‘most successful’ businesses.<br />
This is something to remember if you’re a<br />
small business owner wondering whether<br />
you should jump on the latest marketing<br />
bandwagon. Marketers don’t tell you, or<br />
perhaps don’t realise themselves, that<br />
‘success’ does not mean immediate massive<br />
sales increases.<br />
First, many small businesses have struggled<br />
when increases happened faster than they<br />
could handle. Only some small stores want to<br />
become Amazon! Even if that is your dream,<br />
you must be aware of three small business<br />
marketing mistakes that could get in your<br />
way.<br />
What got you here won’t get you there<br />
It’s not a good plan to use Apple’s<br />
best practices for marketing your<br />
small business.<br />
That’s because you need to succeed at<br />
being a small business first. It’s like that<br />
old expression, “what got you here won’t<br />
get you there.”<br />
I had a brief experience at a large marketing<br />
agency when I first left television. I was<br />
working with a customer with a new product<br />
set to appear at an LA gifting suite at an<br />
upcoming event.<br />
She wanted press releases sent to Vogue,<br />
Refinery29, and even Paris Hilton. Not<br />
Hilton’s company, mind you – she wanted it to<br />
be sent to Paris personally!<br />
I suggested holding off on the LA press<br />
push until she had sales. I believed her time<br />
and money would be better spent by getting<br />
credible media attention in her city, before<br />
trying to out-compete every Hollywood<br />
starlet with a beauty line.<br />
I had no doubt she could be very successful,<br />
but I wasn’t surprised when she didn’t<br />
get a single media appearance from her<br />
press release. She hadn’t done the hard<br />
work of building a fan base before trying to<br />
embrace the most competitive attention.<br />
Blindly following trends<br />
Many people need help trying to gain<br />
traction on platforms like YouTube, TikTok<br />
or Instagram for small business marketing.<br />
Do you ever ask yourself why you’re trying<br />
so hard to beat the algorithms?<br />
While focusing on the sheer volume of<br />
enquiries can work for small business<br />
marketing, it is optional for small<br />
business marketing and can be a<br />
significant waste of time.<br />
Fast expansion is almost always terrible<br />
for small businesses. Let’s be honest: if<br />
everyone who went to Tiffany & Co. today<br />
called your business, it would be impossible<br />
for you to handle the sudden traffic, and<br />
you’d likely end up angering your existing<br />
customers.<br />
Focusing on the ‘trying to beat the<br />
algorithm’ point, in small business<br />
marketing, you have a choice whether you<br />
chase social media success.<br />
That’s because no matter what you do, you<br />
Many people<br />
struggle to<br />
gain traction<br />
on platforms<br />
like YouTube,<br />
TikTok or<br />
Instagram for<br />
small business<br />
marketing. Do<br />
you ever ask<br />
yourself why<br />
you’re trying so<br />
hard to beat the<br />
algorithms?<br />
won’t beat the Tiffany & Co. of your industry.<br />
At least, not yet.<br />
You could view that as a negative, but you<br />
could also see it as a relief. Often, we focus<br />
so hard on using a particular trendy tactic<br />
that we don’t stop to consider if there is an<br />
easier and more effective way that suits<br />
small business marketing.<br />
The Amazon Prime Day fallacy<br />
Attempting to replicate the Amazing Prime<br />
Day strategy will do more harm than good to<br />
your business.<br />
The first year Amazon offered Prime Day,<br />
I didn’t find a single thing that was excellent<br />
value. It seemed like a plot to drive traffic. My<br />
trust level for Amazon was lower than ever.<br />
We know that in the grand scheme of things,<br />
Amazon loses very little by losing my trust.<br />
However, as small business owners, we both<br />
need our audience to stick around. Chances<br />
are you need a much higher percentage of<br />
your leads to convert to sales than Amazon<br />
does.<br />
If one potential customer in your target<br />
audience is bothered by a marketing tactic<br />
you choose, that is a more significant<br />
problem for your business than it would<br />
be to Amazon.<br />
Instead of offering your jewellery at a shady<br />
‘discount’ price, it makes more sense to<br />
put the effort and expense into your search<br />
engine results performance and your mobile<br />
web speed.<br />
If your website is sluggish, you might lose<br />
the opportunity to connect with one specific<br />
customer who could really make a difference<br />
for your business.<br />
Each individual visitor is important, yet many<br />
small businesses don’t make that their<br />
priority.<br />
BRIDGET BROWN is founder of Create<br />
That Copy & Marketing, a Canadian<br />
marketing firm focused on generating<br />
leads and increasing sales and<br />
revenue for small businesses.<br />
Learn more: createthatcopy.com<br />
<strong>October</strong> <strong>2023</strong> | 77