Historically, if you had a local business, you would invest your advertising dollars in things like television or newspaper advertisements. You’d be sure you were listed in the phone book and maybe even take out an extra ad in the yellow pages of your local phone book. You might rent a list to make phone calls to people who might be interested in your service. Another thing that you might do is attend a trade show, where you would show your product or service, collect names of attendees, and then follow up with them via phone or e-mail.
Times Are Changing
Now look at today. Every business has to determine how to get the highest return on investment for the dollars they spend on marketing. It’s a given that you must market if you want to grow. Television and radio ads can add up pretty fast in your cost, and may not have the same return on investment that you’ve seen in past years. Making phone calls, or cold calling, really isn’t effective anymore (if it ever truly was). The last thing any of your customers wants is that call during the day or at mealtime with someone trying to sell them sometime. Trade shows can still be a good place for contacts, if your customers are there.
How do Customers Find Local Businesses?
Today, nearly one-third of the total US population use the Internet daily. In that number, 63% use search engines every single day. When looking for a local business, 64% of Americans use an Internet search as the primary way of finding that local business. Interestingly, according to the US Small Business Administration, only 44% of businesses are using the web to advertise! Is that a disconnect?
As a consumer, I simply do not use a phone book anymore. If I want to find a local business, I do an internet search. If, for example, I need a place to get my dog groomed, I simply do a Google search for “pet groomers in Pueblo Colorado.” I do that for any service I’m seeking. What that means for your business is that if you’re not there, I will be finding some other business to provide those services for me. In looking at how many searches are done monthly with the words “Pueblo Colorado” in them, it was interesting to find that there are over 400,000 searches every month! That’s a lot of people looking for things in just one town.
Are You There?
When I think about the phrase “social media,” I think of websites, blogs, pages on Facebook, listings in online directories, and things like that. As a business owner, it’s exciting to find there are over 400,00 people searching for something in my local area every month. It means the customers are out there, hoping to find the things they are looking for. It should excite you as well.
What’s the Return on Investment?
It’s true that some of these tools to reach potential customers cost money. For a business owner, that means we need to evaluate the return on that investment. And of course, that will depend on how much you invest. Nevertheless, there is a return and because using social media channels can cost less than running print ads, your ROI can be increased. In addition, if you’re not there at all, none of those 400,000 people (or whatever portion are looking for YOUR business) will even be able to connect to your business.
If your business isn’t using these things, perhaps now is the time to explore it. Today is the time to be sure you have a social media strategy that works for your particular business.