Ethical marketing – why it matters!

In today’s changing climate, it’s important to keep on top of marketing trends. Ethical marketing is nothing new but has been emerging as a powerful tool for businesses who want to connect with more transparency with their potential customers.

Consumers are much more savvy than they ever were and strong marketing ethics help you build long term trust and loyalty with your customers. Ethical marketing enhances the customer experience and that experience keeps customers coming back time and time again.  

What is ethical marketing?

Ethical marketing is a strategy where businesses promote honesty, transparency, responsibility and fair practices within their marketing activity, showing respect for customer boundaries. As part of this transparency, businesses communicate their ethics in their marketing materials, so they reach their target audience with similar values.

Be transparent

This is so important – it means being clear about your marketing practices, including:

  • How you collect and use customer data, using easy to understand language to explain.
  • Being upfront about your pricing, products/services limitations and terms and conditions.
  • Disclosing any sponsored content and affiliate relationships.
  • Making privacy polices accessible and understandable.

Most of these points should be covered on your website within your terms and conditions or your privacy or cookie policies, which are legal requirements. But it’s also worth sometimes talking about these things in posts.

Although transparency is about being compliant with legal policies, it’s also about treating your customers with respect and being honest.

Honesty

This is all about being truthful in your communications, such as email, blog posts, podcasts or social media posts. Specifically, it should be about:

  • Avoiding misleading claims or information about your products or services
  • Making sure any statistics or research your do is truthful and not manipulated for your own gain.
  • Ensuring that any ads or marketing materials you create represent your products or services accurately and not exaggerated.
  • Acknowledging any mistakes you make and taking responsibility if anything does go wrong.  

 

Social responsibility

This is about how your brand has an impact on society as a whole and how your customers view you and your brand. For example:

  • Considering the environmental impacts of marketing campaigns and business practices.
  • Promoting diversity and inclusion.
  • If you support social causes, do so authentically rather than a ‘tick box’ exercise.
  • Ensure that your marketing activities don’t promote harmful stereotypes or behaviours.

Respect for individual rights

This is about respecting privacy, which I mentioned above. Consumers have the right to control their personal data and decide how it is used by businesses. You must be transparent about this in your privacy policies and other policies on your website – this is a legal requirement of GDPR (General Data Protections Regulations).

You can see a list of my policies at the bottom of my website, if you want to see examples, which gives comprehensive details. It takes a while to get this right, as you can’t copy from anyone else – it’s all bespoke to you and your business and how you do things.

Respect for human dignity

This means avoiding tactics that exploit or manipulate consumers, such as intentional deception. An example could be influencer marketing – some influencers have been criticised for promoting products that they don’t actually use – or for promoting products that could be harmful or unethical. This is seen as a violation of respect for human dignity.

Conclusion

I think that most of the points I’ve talked about in this article are pretty obvious in the great scheme of things. When you market your business most would ensure they don’t harm people or society. And most also know that they are responsible to making sure that their products or services are safe and reliable. But there are businesses out there who don’t do this – sometimes it can be simply they’re not aware of their responsibilities, but it’s up to us all to ensure that our businesses are ethical and promote ethical practices.

Ethical marketing is crucial for building trust and long-term relationships with our customers and potential customers. Businesses and brand that make honesty, transparency and respect for individual rights will not only meet their customer expectations but also set themselves apart from competitors.

Technology is constantly changing. Tools like AI and automation mean that businesses can use technology to maximise customer engagement, craft compelling campaigns and social media posts, blogs etc, and help drive their own business growth. But the rise of these types of technology could be opening the door for unethical practices and behaviour. It’s vitally important for businesses to understand the risks of technology to ensure they don’t fall foul of ethical standards. But I think this might be for another blog post!  

I hope you’ve found this helpful, and as usual, if you need any help with your marketing, feel free to contact me for a free consultation.

Neuromarketing and how it works!

Neuromarketing is about using neuroscience to help understand consumer behaviour by studying brain activity, physiological responses and subconscious decision making.

Have you ever wondered what makes you choose one brand over another – even when they seem to be identical? Or why one particular ad you see on TV, on social media, or hear on the radio sticks in your mind for days? The answer to this is about your subconscious thought and subconscious reactions of your brain.

Neuromarketing is a fascinating subject, which attempts to understand how consumers respond to advertising and products. It’s not just about asking people what they think, it about looking directly at brain activity and physiological responses to see what really attracts attention and triggers an emotional connection.

IT’S NOT ABOUT – mind control or finding a magical ‘buy now’ button in your brain. It’s not about manipulating people, but about gaining a clearer understanding about what they really want or need. By scientifically measuring non-conscious responses, brands can build better products, create clearer messaging and design more enjoyable customer experiences.

How does neuromarketing work?

In order to find out how the brain and body reacts when a person is exposed to marketing materials, several studies have been done. The most common method involves volunteer test subjects – and uses electroencephalography (EEG) to measure electrical activity in the brain, which helps identify moments of excitement, focus or even frustration.

Observing facial expressions for emotional responses and biometrics to measure changes in the heart rate or skin response are also tools that are used. Software then helps to analyse the data so that researchers can pinpoint exactly which elements of an ad or product are most impactful.

Traditional market research includes things like focus groups and surveys – these are of course, valuable, BUT they rely on the participants accurately giving their own feelings or intentions. Our decisions are often made based on pre-conceived ideas about certain products – or influenced by friends, family or subconscious emotions or biases.

Neuromarketing captures the reactions that people can’t or don’t consciously articulate. A survey can tell you that a customer LIKED your ad, but neuromarketing can show WHICH SPECIFIC PART of an ad sparked the most emotional engagement. So, gives a deeper understanding.

The ethics

Neuromarketing certainly has many benefits, but the ethics shouldn’t be overlooked. Although there is nothing that currently offers comprehensive neuromarketing regulations, there are ethical guidelines for those that conduct this research.

  • Participants must give their informed consent – which means they must fully understand the purpose of any study they take part in, including the risks and benefits.
  • Privacy and data security is key – participants personal data etc must be completely secure to protect the privacy of participants and compliance with date protection regulations such as the relevant GDPR regulation and other associated laws and regulations according to the country conducting the research.
  • Disclosure and transparency – I find this a bit worrying – while is it not mandatory to disclose specific neuromarketing techniques, such as eye-tracking on a website (I wasn’t aware this was a thing!) the principle of transparency is an ethical one. Brands must consider disclosing to consumers their data collection and research methods, to ensure transparency regarding the purpose and impact of the research. Then consumers can make an informed decision about participation. This means it is important to READ PRIVACY POLICIES on websites, if you suspect that neuromarketing techniques may be used.

This thought suddenly struck me – a lot of our personal devices – phones and tablets – ask for eye recognition. Does that mean that when you look at ads on that device, your responses could be recorded for research purposes? Or am I being paranoid?

Maybe I’m overthinking here! This is the extreme end of neuromarketing, and small businesses obviously would not be able to either afford or manage this kind of research.

So, how can you harness the power of neuromarketing without having a state-of-the-art research techniques and equipment?

Neuromarketing for small businesses

Neuromarketing has thrown up six basic human needs that can help with strategies for businesses.

Certainty – Consumers want to know that they can trust a brand or business. Customers like the assurance of knowing that a particular business delivers on its promises, has transparent messaging and are consistent on caring for its customers.

Variety – They say that variety is the spice of life and consumers like a bit of variety or something unpredictable. Consumers these days go from Facebook to Instagram to TikTok and engage with social media and SMS texting. Using different platforms as a small business gives your customers that variety- you can offer limited time promotions, discounts or deals when they least expect it. It might be you do this on stories only – or on Instagram only. These unexpected things excite and captivate your audience and keep them wanting more.

Significance – I’ve said this loads of times, but your customers – in fact not just customers, all of us, want to feel valued. Several small businesses have specific groups on social media to help make customers feel special, and they help by giving exclusive ‘sneak a peeks’ or offers. You can also make customers feel special by personalising brand stories and rewarding loyal customers with exclusive benefits. It’s this making them feel valued and special that can make your brand stand out in the crowd and lift your brand from good to unforgettable.

Connection – I know – I bang on about this a lot too – but connecting with your audience in a genuine way is what helps a business to thrive and grow. It’s about being transparent, authentic, and sowing that you genuinely care about them Engage with your followers through social media, responding to comments and messages and listen to any suggestions and opinions – or even ask for suggestions and opinions as this also helps them feel valued.   

Growth -Show how your products or services help your customers. You can provide educational content to help customers expand their knowledge and skills or give suggestions for how your products can be used in their homes.

Contribution – This is about how your business is conscious of its footprint in the world and that it matters to you. It might be about your eco-friendly initiatives or how you get involved in a community or charity initiative. Consumers are more likely to support businesses that align with their personal values and what matters to them.   

Conclusion

In my opinion, these are the gentler, more people-friendly ways for small businesses to use neuromarketing. It’s not about manipulating your customers, it’s more about understanding consumer behaviour and what makes people tick. This is a basic marketing strategy, but using some of the research results from more in-depth neuromarketing research can help us understand what and why consumers want to buy. Connecting with customers on an emotional level is key to building lasting brand loyalty and knowing what resonates with them helps them come back for more and give you repeat business

Contact me if you need help with your marketing.

8 reasons why you need a marketing plan

A marketing plan helps you develop your products and services that will meet the needs and wants of your target market. Marketing helps your customers see and understand why your products/services are better than or different from those offered by your competitors.

Having a marketing plan helps you:

  • define your target market and why they need your product or service
  • decide on the messages, channels, tools and activities you’ll use to reach your target customers
  • set goals and time frames for marketing activities
  • set up a marketing budget
  • evaluate if your marketing activities were successful.
  1. Why do you need marketing?

Marketing is what builds the relationship between you, your business and your customers. If you are a small business, it is vital to build a sound relationship of trust and understanding with your customer. This makes them loyal to you and your brand and loyal customers will not only give you repeat business, they will have enough confidence in you to try out new products or services. They will also recommend you to their friends and family.

Marketing also massively increases the visibility of your brand, so you are more easily recognisable.

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  1. Identify your target market

How do you identify your target market? Take a look at your existing regular customers. Who are they? What are they interested in? What are their problems that you can solve? What other needs do they have?

For example, if you sell baby products, your target market will be parents, parents to be, grandparents etc. You could also target baby shower events and children’s events; childminders; nurseries; soft-play areas; local Mum and baby groups; exercise classes for Mums to be or Mum and baby classes. The list is endless.

Have a look at your competitors – how do they meet the needs of your target market? How can you do it better?

  1. Conduct a SWOT analysis

SWOT stands for internal Strengths and Weaknesses, and external Opportunities and Threats. Pulling together a SWOT analysis can help you analyse where your business, its products/services, fit within the market and looks at your unique selling position. It can also help you find out how you can improve your business; what you’re really good at and what other businesses do.

Strengths – what do you do well in your business? What do you do better than your competitors?

Weaknesses – What do you need to improve on to remain competitive? What do your competitors do better than you? What is holding you back?

Opportunities – What current trends could lead your business to have increased sales? What can you use to your best advantage?

Threats – What could harm your business? What are the advantages that your competitors have over your business?

I have a FREE worksheet that you can download to help you…Conduct a SWOT Analysis 

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  1. Look at your competitors

List your competitors – who are they? If you analyse your competitors, you can find out how they work, what they do and compare them to your business.

What products or services do they sell?

Do they offer a similar product or service to you?

What do they offer their customers?

What do they do to engage with their customers?

Where are they? What are their strengths and weaknesses?

How do they market their products/services…e.g. social media, advertising etc.

The more information you can get about your competitors, the more chance you have of identifying where you fit into the market place and what opportunities are available to you.

  1. Decide on your goals

Once you know where your business stands in the market place and who your competitors are, you can decide what goals you want to set for your business. What do you want to achieve over the next 12 months?

Make your goals specific – instead of saying, ‘I want to sell more products’, look at your products and decide exactly how much more you want to sell. They might come under different categories. Go back to the baby product scenario…you might sell baby massage products, so a goal could be ‘Increase sales of baby massage products by 20% compared to last year’. You then have a definite goal to aim for…and it’s easier to review every few months because you calculate if you are on track to achieve your goal.

Aim for 4-6 short term goals – things that are fairly easy to achieve. You can always add more throughout the year if you achieve them.

Aim for 2-4 long term goals – things that are a bit more challenging. If you find that one of these goals is too challenging part way through the year, you can always break it down into smaller, more achievable chunks. 

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  1. Set your marketing strategies

Once you have set your goals, you can start looking at the short term goals in more detail. What activity is going to help you achieve that goal? What price or process will help you achieve your goals?

When you are trying to decide on which activities to use, choose those that best suit your business and your customers. For example, an advert in a local magazine or newspaper won’t necessarily reach your target market if they are primarily young adults, who generally don’t read this kind of thing. It’s a good idea to go for a few activities that complement each other. For example if your products/services can be for any age, you might go for an advert in a magazine, but also use social media or maybe local radio. You might sell your products at a market or craft fayre, so advertise the event on social media and do links to your products.

  1. Set your budget

It’s important to know how much you can afford to spend on marketing as not all marketing is free. You need to think hard about how best to spend that budget so you get the maximum benefit. Only spend on your current marketing goals, so that budget is used to help you achieve those goals. Advertising on Facebook, Instagram or in magazines all come at a cost, but if you are reaching your target customers, it will be worth it.     

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  1. Ensure your marketing plan is kept up to date

Reviewing your marketing plan on a regular basis is very important so that you not only know if you are on track to achieve your goals, you might also identify new trends in the market that means you have to tweak a particular goal.

It also serves the purpose of scrapping anything that you know isn’t working or changing a goal if you need to.

Looking at your plan helps you to measure how you’re doing against your plan and whether you will be successful.

Now you know why it’s so important to have a marketing plan, it’s time to jump into action!

If you find planning your marketing overwhelming, I can help you. Simply message me for a free 30 minute consultation.

5 reasons why it’s important to share your story

This past year seems to have been the hardest for small businesses with every changing rules and regulations about where you can sell your products and who you are ‘allowed’ to sell them to. A lot of businesses are struggling to keep going. Whether this applies to you or not, we are all struggling with one thing or another. But there aren’t many people who stand up and speak about their struggles.

I think it’s because of that age-old thing of ‘stiff upper lip’ – you just don’t talk about it. It could be that we are afraid of being judged, or afraid of rejection…or just simply feel ashamed.

However, I don’t know anyone who doesn’t enjoy a good story, be it personal, emotional, funny, or otherwise. I loved listening to my dad tell me stories of when he was a young soldier in World War II – he used to tell us more about the funny side when we were young, but as we grew up, we heard some of the harder side of his experiences. Telling a story helps our audience to put themselves in our shoes – it appeals to our emotions and our sense of empathy.

We all know about pitching our products and we can do that until we’re blue in the face, but your audience won’t really care unless you give them a good reason to listen. Placing your product at the centre of a story, showing them how it can benefit their lives, not only helps your audience understand more about your product, but it also gives you an extra layer of emotion that makes you stand out more on social media.

Social Media

Most of us are on our phones or devices the minute we wake up, checking messages, emails or just scrolling through posts. It’s often the first thing we do when we wake up and the last thing we do before we go to bed. For those of us in business, our social media account posts are carefully planned and crafted to appeal to our target audience. And even that can be daunting – we worry whether our posts are good enough – will they appeal to the right people? Will people think that they’re rubbish? We compare ourselves to others and fear and doubt can even creep in with our businesses.

We also tend to only share the good things, such as cheery pictures of nights out, a lovely meal, family time – all smiling, date night with our partners etc. etc. But we don’t share our back stories – the stories that make us, US!

This, along with everyone else, gives out a message that we are only allowed to share the good things; things that go well. Having said that, I have noticed that some people are starting to share some of the more private parts of their lives. Now, I’m not saying go out there and share every intimate detail of your life – not at all. But share things that can help your audience.

Share a problem that you’ve solved, share that you’re feeling crap today, or that you feel you’re not doing a good job on something. Sharing this kind of information makes you real…people can empathise – some will have had the same experience, and it can help to build more meaningful relationships.

Telling your story is showing the authentic you – an essential part of who you are.

5 reasons why we need storytelling

  • You CONNECT with your audience. You’ll find people who have been through the same thing or feel the same way. You’ll find those who totally get where you’re coming from and who you are. They will share their experiences with you and so it’s a way to start building trust with your audience. When you share your stories, it pushes you to step outside of your comfort zones and to reflect on where you’ve been and how far you’ve come.
  • Sharing your story defines your identity to your audience. Sharing your interests, be it political, emotional, funny, or serious issues, it shows you. You can also share your hobbies, as you may find others that have the same interests as you.
  • By sharing your own stories, you are helping others to have the space to share theirs. For example, if you share a particularly painful experience, such as miscarriage or mental illness, you’re letting others know that this is safe place to talk about it, that you understand and that there is space for healing. You’ll be helping others by telling your story.
  • Sharing a story also heightens the awareness of that subject. It might be something as simple as sharing your weight loss journey, or how you came back from an addiction or homelessness. These things are powerful, and if you can show how you overcame these issues, you are going to be helping someone who is still going through that same thing, and give them hope for their future. This also starts to create a community of likeminded people, who will feel less alone with their problems, and feel they have someone they can share with.
  • This can also be applied to business. Sharing a story of how a particular product helped you to overcome your problems. For example, if you sell weight loss products that you have used yourself and had success with, tell your story. If you have a product that has changed your life in some way, shout about it and how it helped. If you’ve used a business to provide a service that has seriously changed the way you do business, or has helped you get more clients, talk about it. If you provide that service and have testimonials that show that, share them as well as your story.   

How storytelling helps your small business

  • Storytelling help you build a connection with your audience. By sharing experiences, struggles and successes you are creating an emotional connection with your followers, which in turn, help guild trust and empathy, which can lead to a stronger relationship and customer loyalty.
  • It help you to convey a specific message. Storytelling can help you explain and convey complex messages or ideas that your audience understand and remember.
  • It makes your brand more memorable – if you create a story that speaks to your audience and resonates with them, it can make your business stand out in the crowd. A memorable story, will help your audience remember you and your business.
  • Stand out from your competitors – By sharing your unique story and experiences, something that your readers will remember, helps to differentiate yourself from your competitors. By telling memorable stories, you can stand out in the crowd.

Every single person in the world has a story to tell. It might be a personal story; it might be a business story. But if you get out there and tell it, you’ll be surprised at how much engagement you will get.

If you want to find out more about storytelling for your particular business, I offer one-to-one coaching so you can learn how to use storytelling to make your business stand out from the crowd.

Just message me on social media or contact me via my blog site.

Customer Loyalty programme – good or bad?

What is a customer loyalty programme?

We all know that if you have loyal customers, they will return to you time and time again, and will refer you to their friends and family. They return because they love your brand, love your products/services and are really happy with the experiences they’ve had with your business.

Over the last several years, we’ve seen more and more companies using customer loyalty schemes or programmes to reward their existing customers, and to encourage them to keep coming back for more. A good example is that of coffee shops. They give you a card and every time you buy a coffee you get your card stamped. When you have 10 stamps on your card, you get a free coffee. Some programmes give you cash-back or use a points system, but they are all basically the same, with the same reasons for using one.

Why use a customer loyalty programme?

They are great for small businesses because they give your customers an incentive to give you repeat custom. Some loyalty programmes reward customers for introducing a friend (and they get a reward if that friend becomes a customer).

These programmes also increase your brand awareness and can help generate a positive return on investment. But, as with any scheme or programme, there are the downsides as well as the upsides. I thought I’d take a look at the pros and cons, so you can be in a better place to decide whether a customer loyalty programme might be good for your business.

The Pros

Customer Retention

According to the advisory firm, Bain & Co, increasing customer retention by just 5% can boost your profits by 25%-95%, so looking after your existing customers is vital for the good health of your business and profits.

Customer loyalty programmes also have the benefit of making your customers feel like their custom is valued and they feel appreciated. This, in turn, makes them want to carry on doing business with you. And it makes financial sense to introduce such a programme as, according to Inc.com, existing customers spend 67% more than new customers. So, the benefits to both the customer and your business is potentially huge to boost customer retention and give them an incentive to buy more.  

Direct communication with your customers

Your customer loyalty programme means that you have access to a direct line of communication with your customers. This makes things a lot easier to build your brand awareness and increase that loyalty by providing them with regular and relevant information. You can collect their email address and ask them to opt-in to your monthly email newsletter, where you can share news about new products or services, events, any promotions you might be running, as well as any updates to the loyalty programme.

Customers who feel valued and ‘in the know’ about a business they buy from, will not only keep returning to you, but they will tell their friends and family, which could give you new connections and customers.

Data on customer trends

Having customers’ contact details, such as email, along with the records you keep of sales from each of those customers gives you valuable data. Customer data gives you an overview of your customers’ buying behaviour. You know what their preferences are, you know their buying habits, such as when they are more likely to buy something. This not only helps you with knowing what works and what doesn’t, if you sell products it can help with your stock and knowing what to stock more of, as well as giving you valuable information about what products or services they may like in the future.

It also helps you with your advertising and promotions planning and helps your marketing, as you can measure the results of special promotions, new products etc.  

Brand differentiation

Loyalty programmes help your brand and can help distinguish you from your competitors. As a customer myself, I know that I am bombarded on a daily basis with an overwhelming number of choices for a particular product or service. The minute you type anything into a Google search, it seems to be picked up by your social media pages and you get loads of adverts about the product you’re looking for – you also suddenly get a barrage of spam emails about the same. I don’t know about you, but I find this extremely irritating! I’d rather stick with a brand that I know and trust.

A loyalty programme can help your customers CHOOSE YOU over the competition and the fact that you offer an incentive to be a loyal customer, this differentiates your brand against the other businesses with a similar brand to yours.

It can also help you in slow seasons, when business is not going very well. Take an airline for example, in the summer they sell loads of plane tickets as people jet off for some summer sun. But in Autumn and Winter, business can be a bit slower. So, they do special low prices on airline tickets to incentivise customers to get away in the slower seasons, at a much reduced price. This keeps the airline ticking over.  

The Cons   

All loyalty programmes look the same

Loyalty programmes are not a new concept and many businesses have the same kind of incentive scheme running. They have similar purchase requirements and benefits for the customers. With the abundance of loyalty programmes around, customers could feel overwhelmed by the choice, and this can make it harder for businesses to generate excitement for their programme. So you need to create something unique and that stands out from the others…this is not easy.

Loyalty costs money

Creating a customer loyalty programme does cost money. Any discount you give is going to affect your profits. Even a small discount can seriously impact your profits. For example, say you give a 5% loyalty discount. A product that costs £50… is £40 in costs and £10 in profit. If your customer buys that product for £50 with their 5% discount, they will pay £45. So, from your business point of view, you still have to pay your £40 costs, so your profit will be £5 – this is a 50% decrease on what you normally earn. You could help this by putting a timeframe on the discount – 5% off for the next month. The losses you suffer could be lessened by the increase in business from that customer.

Your loyalty programme has to be worth the time, money and effort you put into it. If it is proving to produce more repeat business, it could still be worthwhile financially, especially if you’re selling more to a loyalty programme member than normal. It’s just something to be aware of.    

Is the behaviour you witness actual loyalty?  

It’s hard to tell if your customers are loyal to you and your brand, or whether they just buy from you out of habit or because you’re closer than anyone else who does the same. We often look at a frequent customer and think they are loyal, but loyalty is an emotion which can’t really be measured. So how do you get around this?

This is where you can use marketing tactics to find out just who is loyal. You could reward customers for referring family and friends, or for writing a good review. This will show who is actually willing to stand up and vouch for your brand, stating the reasons as to why they like it.  

Another way to keep that loyalty to your brand is to include customers in your advertising – what better way to advertise your product, than to use a photo of a real customer using your product, or talking about the excellent service you give.

Data does have its limitations

As well as being a good thing, data does also have its limitations. For one thing, it doesn’t give the full picture of your customers’ overall purchase behaviour, as it can’t know what they’ve bought from other brands or shops. You also can’t tell from data if a customer is buying from you just because it’s at the right price and others may give repeat business just so they get the benefits of a loyalty programme.

You could survey your customers to find out more about their loyalty, but some will be reluctant to provide information about where and what they buy elsewhere. They might even feel offended by it.

Conclusion

There are clearly huge benefits to having a customer loyalty programme, but it’s important to be aware of the downside too. And not all programmes are successful, as the marketing and implementation is crucial to their success. However, they can help you generate more business and be rewarding for your customers.

Look out for next week’s blog, when I talk about how to promote your customer loyalty programme.

In the meantime, would you consider running a loyalty programme for your small business? Maybe you do already. I’d love to hear your thoughts on all aspects. Please comment in the comment box below.

Thank you for reading!   

Marketing Mix – the 7 Ps

The marketing mix is not a new concept – it was first created by Jerome McCarthy in 1960 and consisted of the 4 Ps of marketing; Product, Price, Place and Promotion. Then in 1981, Booms & Bitner added three more Ps to the marketing mix; People, Processes and Physical evidence and these 7 Ps are now the set of key principles that are at the heart of all marketing strategies…often just referred to as the ‘Marketing Mix’.

How do the 7 Ps work?  

If we look at all of the Ps, one at a time, you will have a better understanding of basic marketing theory and this will really help give you a firm foundation, so you can write your marketing strategy.

The 7 Ps of marketing are a set of key principles that belong at the very heart of your marketing strategy. They are sometimes jointly referred to as the marketing mix.

The starting point, as most marketers know, when pulling together a marketing strategy is to identify your target market, so you know who your customers are, what they like and dislike and what makes them tick. Once you know this, you can look at the 7 Ps.  

Product

Every product you sell, make, produce or think about making should have your customer at the very heart. It should solve a problem for them, or be something they need or want. It’s worth asking yourself, ‘What is it about my product that makes your customers want to buy it?’ Do you need to change or tweak your products in any way to meet your customers’ needs?

Your products should also be of good quality, and the research that you have done on your target market will give you the information you need to know about their tastes and their buying habits, so you can market your product in the best way possible to get the most sales.

Price  

There are lots of different things to consider when setting your price for a particular product or service you provide. Obviously it needs to be deemed as good value for money by your customers, but you need to take into consideration the costs of producing, promoting and delivering your product.

You also have to take the cost of a similar product that is sold by your competitors. Finding the right price for your goods is not just about undercutting the competition or offering a cheaper alternative. It’s about finding out, during your market research, what price your customer is willing or used to paying for products or services that are similar to yours.

For example, when you go to the supermarket to buy shampoo, whether you’re aware of it or not, you will probably buy a brand that is in what you consider to be in your price range. But, at the same time, you’ll probably look at other similar products on the shelf and are likely to try something outside of your habitual price range, just to try it…even though a cheaper alternative might be available! So, people don’t always go for the cheapest option.  

Place

Your product should be where your customers expect to find it. So where and how are you going to sell your products? Do you sell them yourself or outsource them to retail outlets? Do you sell from home via an online shop, sell online from your own website, or do you put them on a big selling website like Amazon? You might be a small concern and sell via party plan or on Social Media sites. It might be a combination of several ways.

Whichever way you choose, it must be where your customers will expect to find your products, and you need to take into account the shelf life of your products, so if you stock them yourself, you don’t find yourself with hundreds of products coming to the end of their shelf life and you can’t shift them.

Promotion

This links into the place because, just as you need to put your product where potential customers can find it, you need to think about how you will let them know about your products through advertising.  And it needs to be where they will look and also what they look for. For example:

  • Social Media sites
  • Content marketing
  • Influencer marketing
  • Promotions and campaigns
  • Exhibitions or trade stands
  • PR
  • Direct mail
  • Personal selling
  • Advertising in newspapers, magazines, on radio etc.

People

This refers to the people who get your products out in the public eye, which includes you! Anyone who you employ or enlist help from to promote your business, or deliver a promotion or campaign need to have the necessary skills, qualities and drive to ensure its success.

You, and they, need to have excellent communication skills and deliver excellent customer service. After all, this is your reputation at stake and how you and anyone you employ behaves, impacts the way your customers will perceive you and your brand.

You might need to delegate some of the work to a Social Media Manager, for example, who will know when and how to promote, and importantly, what will work best for your business. So, you need people around you who are like-minded, will effectively market your brand and encourage customers to spread the word about your products or services. And, never forget to keep learning and training yourself and your employees to develop new and relevant skills that will further enhance your business.

Process

The processes are what is involved in delivering your products to your customers. How your products are delivered will have a huge impact on the overall customer experience, their satisfaction levels and whether they will be loyal to your business in future. It’s absolutely vital to get this right from the very start.

Processes include:

  • Website experience – is your website easy to navigate? Are your contact details in a prominent or obvious place so you are easy to do business with?
  • Delivery time – do you have a good delivery process? Is it reliable? Does your website and product description (if selling online), tell people about delivery times and what they should expect?  
  • If your products are in a physical shop, what are the waiting times? Do they have to pre-order or can they just find the product in stock and in-store?
  • Aftercare – this is important too. Do you follow up after a sale to ask if the customer is happy with the product? If you do, and they are happy with your product, ask for a review to be left on your website or social media pages, or ask them to recommend their friends and family. You could even offer a 10% discount off their next purchase if they recommend you and that person buys from you.

Physical evidence

Finally, the last P, is physical evidence. This refers to absolutely everything that your customers see and feel when interacting with your business. From the feelings your customers have when visiting a physical environment, such as a shop or office, to the area where you show your products or services, which may be online.

It cover all the physical equipment, such as invoices, receipts, confirmation emails, ‘thank-you’ cards, packaging and branding. All of these things make up the impression that customers will have at every stage of an interaction with you and your company or brand. People expect excellence in every aspect of business and they should get the quality and service that they expect…and of those that are set as industry standards.

It also includes how you act and relate to your customers. Are you awkward and aloof, or relaxed and friendly?

All these factors contribute to the overall customer experience, so make sure that your customers have a great one!   

Benefits of using the 7 Ps in your marketing planning

The 7 Ps gives you a fantastic framework for your marketing planning. It will help you do a thorough job, so for each product you sell, or service you provide, ensure that each one follows the best practices of the 7 Ps. After all, it is referred to as the ‘Marketing Mix’ – it is the right marketing mix to put in place to make sure that each campaign, each project, each product will be successful. The 7Ps can also help you look at previous projects or campaigns that were not successful. I’m sure you’ll find that they weren’t in line with the 7Ps.

As I said at the very beginning of this article, the 7 Ps are a set of key principles that are at the heart of all marketing strategies. They help make the different between instinct-led marketing and process-led marketing, which in most cases is a more sure-fire way to success.

I hope this article has helped you to understand how the 7 Ps fit in and why they are such an important part of marketing theory. Let me know what you thought about this article in the comments below. If you need help with your marketing planning, drop me an email and book a free 30 minute consultation.

How to tell a good story for your business

We see stories wherever we look, and the bigger corporates have understood the benefits of telling their story for years, as part of their marketing strategy. As a small business, we often forget about this little gem. But it really helps us connect with our audiences and instill trust.

Stories help us understand the world around us. They are a way to help your audience understand more about you, without being overwhelmed by the details about your products. They help show the ‘authentic you,’ so that your customers will be more interested in what you have to say about your products.

Why should you tell your story?

By nature, people are nosy and curious – they like to know about the person they are buying from.

Marketing your business is a real challenge in today’s online world, and there is so much competition, so you need to be able to stand out in the crowd.

Storytelling creates a fabulous connection with your audience. Sharing your experiences helps to encourage and help others and brings your brand to life. It conveys the purpose of your business and what you stand for and helps make your products more appealing.

Content marketing

Content marketing is what helps you to sell your products. You need to release the magic that you put into your products, be it artwork, crafts, photography etc. You are creating a story around you and around your work.

It’s an incredibly competitive out there, so your unique storytelling is what will set you apart from your peers. You might think, if your products are very visual (such as paintings or photography) that your pictures will sell themselves – surely, if people like what you do, they will buy it. Of course, this may be true for a small percentage of your audience. They will see something that resonates with them, or you may sell something that they are particularly looking for and have searched for. But sadly, when people are looking online, it’s easy to scroll past something that would actually resonate with them if they knew more about it…and about you. This is where the importance of storytelling comes in. People remember stories, you want to convince them to love your work as much as you do. They need to feel your passion and understand the reasons why you do what you do – this creates a real connection between you and your audience.

Know your audience

The first thing to think about is your audience. Do you know who your target audience are? I’m not going to go into detail about how to identify your target audience and building a buyer persona, but if you click on these links, you can see previous blog posts where I have gone into detail about this.

How to identify your target audience

How to create your buyer persona

It’s really important to know your audience, so you know how to approach them and what kind of content will make them look at your products.

How to tell your story – the monomyth

There are lots of ways to tell your story. In this blog, I’m going to look at the Monomyth, which is just one concept.

Joseph Campbell, an American author, who worked on mythology produced the idea of the Monomyth.

He said that most myths contain some common elements – heroes start out as lowly mortals; they receive some sort of call to adventure and divine assistance to get started. They encounter obstacles along the way, go through a transformation and return to where they started as a hero, changed for the better in most cases.

An example

I’m going to use Tolkien’s ‘The Hobbit’ as an example.

Bilbo Baggins was just a normal hobbit, with a peaceful life, living in the rural Shire. One day, the wizard, Gandalf, calls on him to persuade him to join Thorin and his twelve dwarves to recover their stolen treasure, which is being guarded by the dragon, Smaug.

So, although he initially resisted, Bilbo embarks on a fantastic adventure, where he stares death in the face and returns a stronger, wiser hobbit, and is the hero of the story.

When you are telling your story, the Monomyth is a great way to structure it. If you do this well, you will get and keep your audience’s attention. There are lots of people who have different concepts about the Monomyth, but I like the remarkably simple version and its structure.

The Monomyth

Let’s start at the beginning…your calling

Like Bilbo Baggins, at some point you felt the calling to do what you do. It might have been a slow realisation that your hobby could be more than just a passing interest. It might be that it’s been a lifelong passion that you felt you could no longer ignore. It could be that you express your beliefs and interests through your work and that you’re getting a message out there.

Whatever it is that brought you to where you are today – these are the things you should use to introduce yourself to your audience.

Talk about what inspires you…is there a meaning or reason behind what you do?

The idea for this part of the Monomyth is to excite and enthuse your audience. You might feel that your reasoning behind what you do is quite mundane, but to your followers, it will be interesting.

The obstacles

The next part of the Monomyth is the obstacles.

  • People love to hear how you overcome obstacles or opposition
  • Your audience what to talk to you and hear about your processes – for example, if you make something or paint, how do you start on a new piece? People love to see a work in progress too, so showing the process in a step-by-step series of posts is a great idea to engage your audience.
  • Talk about the difficulties and how you overcame them.

Good old Bilbo faced danger and adversity to fulfil his mission. What were the obstacles that you faced? You may not have had a great tragedy in your life, (I hope you haven’t), but everyone, no matter what they do, meets adversity or resistance at some point when creating their work.

Some ideas might be…

  • Dealing with health issues
  • Figuring out how to make or do something that was very technically challenging
  • Coming up with funding – how do you fund what you do?
  • Struggling to communicate what is really happening behind what you do
  • Struggling against a system that puts you at a financial disadvantage

For example, we’ve been experiencing one of the worst global pandemics in years and the world basically shut down. How did that affect you and your business? I know it had an affect on my business and on the businesses of several friends.

Did anything you have experienced during lockdown, or during the pandemic, that inspired you and your work?

You might have a story about going into a dark place, where you really struggled to do anything. How did you cope with that? What did you do to pull yourself out of the abyss? I know this sounds a bit dramatic…but you get the picture.

Emerging triumphant

At some time or other, when you are in a creative mode, frantically getting everything down or done that you can, you emerge from your whirl of creativity. This is where you want to sell your products.

It could be that you have an online shop, a physical location, or sell on social media. However, you do it, this is the time to start asking for a sale, via advertising or posting about your actual products.

Make sure that you use a good product description to help your sales.

The returning hero/heroine

Finally, you have success, and like Bilbo Baggins, you are the hero/heroine of the story. When you sell something, share your victories with your friends and family – no matter how big or small. Celebrate your wins! Write about it on social media, on your website or in your blog or email. Be proud of what you’ve achieved…and don’t forget to thank your audience.

You’ve worked hard to get that achievement and you need to show your passion and excitement for your success.

Conclusion

That’s the Monomyth – in a nutshell! It is just one way to tell your story, but it works well as a structure and can give you something to aim for. Put yourself at the centre of your story and share your journey.

Your audience will love to see you progress and will enjoy celebrating your wins with you. Storytelling is a great way to develop your personal brand and to portray the ‘real you’ to your audience. Good luck!

If you’d like to get more marketing tips delivered to your inbox, please sign up to my email subscription. It’s completely free and you get a 102 post ideas for social media as a thank you for signing up. You also get ‘member only’ access to a restricted area of my website, where you will find lots of free resources to help you market your small business.

A picture is worth a thousand words

As a small business owner, most of us use social media or blogs to promote our businesses with our potential and existing audience. But when you know that most audiences engage with your content within the first eight seconds, it’s crucial to draw them in. This is where images are invaluable.

The phrase ‘a picture is worth a thousand words’ simply means that an image can convey a point or idea just as effectively as the written word. Images sometimes speak to us and actually say more than any caption you could write. According to Wikipedia, the phrase was first used by a journalist in 1911, so it’s nothing new. A photo or painting can show you certain emotions with one glance.

Images can be calming…quirky…modern…shocking – the media use images to convey their story. What do the images below say to you?

Some are calm images, some a bit scary – they might mean different things to different people, but they are very important in an article or blog and help pull a reader into your writing.

Audiences are lazy and don’t necessarily want to read a full article to get the gist of it – they want information as quickly as possible. However, if you were to write a blog post with just images, it wouldn’t mean a lot; they are important, but they have a supportive role that enhances your writing.

When writing anything, paragraphs are used to break up the text – in the same way, images should be used to help break up the monotony of just words on a page. If faced with a very long piece of text, in general people are more likely to scroll on through, but if the text is broken up with relevant images that illustrate what the text is about, this makes the text easier on the eye, easier to read and understand.

strawberry-2293337_640

Clear, crisp image! Strawberry splash!

When writing online, it’s important to have clear images. You can either take photographs yourself (make sure that they are high resolution) or you can use photos from the internet. However, it is very important that you do not breach any laws of copyright, so use a reputable site to source your images. There are several different types of images available…

  • Royalty free – you can usually use these images as you like, but you must not edit the pictures or resell them.
  • Rights managed – With this type of image, you have to buy a single-use license for each image you want. You also have to decide where and how you are going to use that image. As the license suggests, it is for single use, so if you buy it for an article or blog post, you wouldn’t then be able to use the same image elsewhere – you would have to buy an additional license.
  • Public domain. These images don’t have any restrictions, you don’t have to ask permission to use them and, although it’s considered courteous to put an accreditation note on the image, it’s not necessary and definitely not obligatory in any way.
  • Creative Commons. These are images that have been created by someone who wants to have accreditation to his/her work.

There are lots of sites out there, for example,  Shutterstock,  are great for buying images. If you want free images, check out Unsplash or Pixabay. I use these regularly!

pie-chart-149727_640Images don’t just have to be photographs. If you’re trying to explain something technical, screen shots can be a great way to illustrate what you’re trying to say. And graphs, pie charts and info-graphics all have their place too in helping to make your text stand out and to help you tell your story.

Images are also fabulous at helping you with Search Engine Optimization (SEO). If you add an image to your blog, put a caption on your image. This caption  or alternative text, as it is more widely known, is what Google uses to crawl the internet looking for images, so descriptive ‘alternative text’ can help Google find your images…and therefore your blog.

ID-100245378Images of people are always popular; as humans we tend to relate to other humans, so the image of someone’s face will pull readers in. There are lots of stock photo images of groups of people and individuals, but don’t use these too often as they are too staged – try and take some of your own. If you’re giving someone advice about a topic, include a photo of yourself smiling and encouraging. Your readers will be able to relate to you and it’s always good to know the face behind the words!

Obviously you don’t want to overdo it. Images should be there to serve a purpose and illustrate a point. You don’t want to shove in a few pics randomly – they need to relate to your content.

Finally, size isn’t everything! You don’t want your images to overpower your words, so keep them to a reasonable size, so your reader can see them without zooming in, but not so big that they take over the text.

I hope this has been helpful. Please let me know if you have any further hints or tips for using images alongside the written word.

Is your business suffering from the summer slump?

Although the summer is great weather-wise, well….normally (!) and we all look forward to those long lazy days and BBQs, the summer can have an adverse effect on small businesses. You very often see that summer slump in sales, or those wanting to take you up on your services.

The summer slump is a real problem for some businesses, and usually this simply means that time in summer when business seems to drop off. You don’t get so much engagement on your social media pages, sales disappear, and generally, everything seems to grind to a blinding halt. Know that you’re not alone!

The main reason for this is that in general, people just stop paying attention to the things they normally do. The children are off school and need to be entertained, the weather is nicer so they’re thinking about BBQs and social gatherings with family and friends. They are also thinking about going away on holiday, or visiting family for a few days. Add to that the rising cost of living, which is horrendous this year, and you’ll realise the summer slump has been more of a pain than usual!

This year, I’m seeing that small businesses are telling me that they are experiencing a real slump in their sales and really struggling to get engagement on social media.

So, do you just wait for things to pick up by themselves? And they will, once the summer holidays are over, people start thinking about Halloween and Christmas and will start buying again and engaging on social media as the nights draw in. There are still some things you can do to ensure that your business is still being seen.

Here are some things that might help:

Don’t stop doing what you normally do

This seems obvious, but it’s important to still have your business out there. If you post once or twice a day on social media, continue doing that. Be consistent, just like you always have. you can always repurpose that content again later in the year when things pick up.

If you publish a weekly or monthly blog, do it, even if you don’t get much engagement – again, you can always repurpose it later.

If you send out an email newsletter, absolutely still do this. The tips that follow will help you with the sort of things you can talk about. And people still tend to open their emails, even if they let social media slip a bit, so it’s more likely that your newsletter will get read.

Get those updates done!

This is something most of us try to put off, but during a slump, this is the time to get them done. It might be you want to update your logo, or update your website content or shop. You could take some time to plan some future content – maybe your autumn or winter sales and organise your Christmas products or services.

If you have sales material, presentations, case studies, welcome pack, an automated email newsletter, or a website, now is the time to review them and update them, so they are all current and nothing is out of date.

When you have done that, you can do a couple of launch posts to show your new-look website or landing page.

Update your Facebook cover and your profile photo. And spend some time thinking about your brand and how you can better show your brand in your social media posts.

Look at starting a new inbound marketing campaign

What do I mean by this?

Create a new campaign on your social media or email, to attract customers. You do this by tailoring your content to what they need, problems they need to solve, and forms relationships with your followers.

The old way of mass marketing just doesn’t seem to be as effective anymore. Things like pop-up ads and the hard sell are more likely to put people off these days. So, it’s a softer approach you’re after.

Get going with educating your current and potential customers about your products or services. Use email, direct mail, and social media posts/stories/reels/video to teach your audience more about your products or services and how you can help solve some of their problems.

Go ‘live’

Hold a live event or a series of events highlighting what you do best. Include details of your best sellers, and don’t forget to include testimonials or case studies to help you. Success stories always sell.

Focus on your customers

This is a good way to look at how you can serve your existing customers better. Look at whether your customers use your product or service to its full capacity. Look at feedback to find out if there are any needs that your product isn’t meeting that could be tweaked in future. You can do this simply by messaging your customers and asking for their opinion. People like to be involved, so ask if there’s anything you can improve on, or if there is anything you don’t yet provide that you could provide in future.

Ask for referrals

This speaks for itself, but whilst you’re quiet, you can ask for a referral – and maybe offer a discount if the person they recommend buys from you.

Ask for testimonials. You may get regular testimonials, but some people just don’t think to give them, so there’s no harm in asking.

Join a networking group

There are so many groups on social media that you can join. It just takes a little bit of time to engage with the other businesses in the group. Look at other businesses, engage with their posts by commenting. You might find something you’d like to buy. This is a great way to build genuine relationships with other like-minded people.

If you have any local in-person networking events, try to get along and introduce yourself. Face-to-face events are great for networking in real time. Make sure you are armed with a stock of business cards to give out and ensure that you listen to other businesses and what they have to say, as well as talking about your own!

Share your schedule

If you are going on holiday in the summer, tell your clients about it beforehand. Encourage them to place orders before you go, so they get their orders in good time. Scarcity sells, so don’t miss out on this one.

If you know that you have customers who buy Autumn items from you, such as Halloween products, contact them early and show them your range, asking if they’d like to order early to beat the rush.

Invest in you

When your business is quiet, it’s a good time to learn new things or develop new skills. Or, just to brush up on what you already know. Book a coaching session to help you with a specific part of your business, sign up to a few webinars, or look at a short course that will help you grow your business further.

There are lots of free courses out there that you can sign up to – https://www.udemy.com/ is a great place to find free or very reasonably priced online courses.

Conclusion

These are just a few ideas to help you beat that summer slump. Doing some of these things will make you feel more proactive, and you’ll be raring to go once the summer is over and we are into autumn.

I hope that you have a great summer and that the weather improves and stays sunny, so we can enjoy it!

If you have any questions, or would like to speak to me about anything marketing related, you can contact me using the contact form or email me direct at cindymobey@outlook.com

Managing your online reputation!

In the dim and distant past, the reputation of a small business was all about word of mouth. With no internet, reputation was based on you…how you conducted business, how you interacted with your customers and how your products hit the mark. If you got a negative comment, you would soon know about it, as most businesses were local, and you then had the chance to fix it.

Nowadays, most businesses, even very small businesses, have an online presence – be it a website, social media page or advert. Because of the internet, small businesses are not limited to local business; we can sell worldwide and reach millions of people at the click of a mouse…and businesses are open 24 hours a day, seven days a week. Although this is fabulous, in that you can reach millions of potential customers, it’s harder to manage your business’s reputation. If someone has left a negative comment somewhere on the web, you won’t always see it, but it can be just as damaging as a word of mouth negative remark. So how do you manage your online reputation?

Google your name

Have you ever googled your name or business name? Try it and see what pops up…you will be surprised…when I did it, there was information about me and my business, but also various events I was involved in years ago when I was employed in the UK. Also try entering your name into google images – that surprised me too!

Every single day, thousands of people are looking online for information about businesses or just a particular person, simply by typing their name into a search engine. With information about you and your business in the public domain, managing your reputation is crucially important. It’s not difficult to manage, but it does take time.

What if you find a negative comment online about your business? You’ll probably want to remove it. If the comment is something someone has said about you on their website or blog, contact them direct and politely ask them to remove it.

Set up Google Alert

You can go into Google Alert and request that you get an email notification every time your name is published online. Simply type google.com/alerts into your browser and open the site. Type your name or business name into the search box. Choose ‘show options’ to narrow the search to a specific language/source/region. Then select ‘create alert’ – you can choose to have alerts sent to you daily or weekly…and you can cancel at any time. I’m doing it for a month just out of interest to see who searches my name…could be interesting!

Be active on Social Media

Not all of us want to do this or have time to, but it is worth joining a few social networks – even if you just use them to fully fill out the profile pages. You don’t have to be completely active on them all the time, but if you add content once a month, this can help your online reputation. As well as the usual sites, such as Facebook, LinkedIn, Twitter and Instagram, there is also Tumblr, Pinterest and YouTube, which are great channels to be a part of. I belong to a few of them, but am mainly active on Facebook, LinkedIn, Pinterest and YouTube. One of my goals for this year is to be more active on these and a couple of other sites…even if only adding the odd article or adding a comment to something and why it is interesting to me.

If you do go onto new sites, fill out as much information as you can, especially your name – make sure you use your full name, not nicknames.

It’s also very important too, that if you do set up social media sites and potential customers contact you or ask questions, that you reply promptly. If you’re on social media sites, people expect you to be sociable! By posting regularly, asking questions, answering questions and giving advice, you’ll be engaging with people and eventually you will find you have a good and lasting relationship with your audience.

Be careful about what you post

There are times when we all take photos on a night out and post them to Facebook … but be wary of doing this as it could seriously affect your business reputation. The problem with social media is that other people can take photos of you and post them without your permission. If you do post pictures, remember to put a privacy setting on them so only your friends can see them. There is still a problem with this as social media sites are always changing their rules and regulations, so you can’t be sure that privacy settings are really private…or will be in future. I always used to tell my children when they were teenagers – don’t post anything that you wouldn’t mind your grandparents seeing or, for that matter, the whole wide world! After all, it is the World Wide Web!

If someone does post an embarrassing photo of you and ‘tags’ you in it, you can remove that tag … and there is nothing stopping you from contacting the person who has posted it and asking them to remove it.

Encourage reviews

The upside to having an online presence, such as a website or blog, is that you can encourage reviews of your products and services. This is great for your reputation as those that love what you do tell the world about it when they write a good review. However, there will always be the odd person who will give you a bad review or say something negative about you or your business. This is not necessarily a bad thing; the knee jerk reaction is to delete negative comments, but in reality, if you can address the problem publicly, taking a proactive approach, apologising if necessary and offering alternative products or solutions…or asking the person making the comment to suggest how you can address the problem. Often, this shows you listen to your customers and take action, which can only show you in good light. The worst thing you can do is to ignore it and hope it will go away, or delete it. My advice would be to always reply and try and address any issues. Often this turns a negative into a positive.

If you don’t monitor and actively improve your online reputation, you are missing an ideal opportunity to grow your brand, earn respect from your customers and hopefully build your business.

I hope this article has helped address some of the issues around managing your online reputation. If you have any other tips, please let me know – what would you add to this list?