Don’t overlook online PR

by Gail Z. Martin excerpted from 30 Days to Social Media Success

Don’t leave it up to the event organizers to publicize your upcoming appearances. When you book an engagement, write a press release and upload it to the many free online press release distribution sites. Every release increases the number of places your name shows up in search engine results, and those links can help drive traffic to your site. Then Tweet the links to your releases, post them to the Social Bookmarking sites, and add them to your other web sites and social media pages.

You may also want to create a blog just for your news releases, and a separate blog for your upcoming appearances and have both feed into your web site and other social media pages. It makes it easy and inexpensive for you to add to your releases and events without requiring a designer’s help, it keeps your schedule and news prominent and fresh on your sites, and it makes your effort and links to triple duty.

When you’re working the local media in the city where you’ll be speaking, don’t overlook locally-based Internet radio shows, event posting sites tied to the newspaper or ZIP code that allow you to upload the event announcement, and the load-your-own-news option now available on my online newspapers and TV/radio sites. You could cut your own inexpensive Video News Release (VNR) with a friend playing the anchor and a digital video recorder and make it look like a TV interview, then upload it. (Note: The intent is to create an informative item in a news-like format, not to mislead the viewer to believe that they are watching a clip from an actual news show. Always attribute your company as the producer in the clip credits.)

Use your social media to find new ideas for events and bookings. Set Google Alerts not only for your own name, book titles and company name, but use it to see what your competitors are doing. Add the names of the top five speakers in your topic/industry and see where they’re speaking. That may give you new ideas for the local or regional chapters of the same organizations, or for a presentation that is similar but not repetitive to pitch to that group next year. If you subscribe to sites like eSpeaker.com or other online speakers bureaus, be sure to use the forums and member profiles to make your own connection to other speakers. Introduce yourself and forge alliances where you both share research, contacts and tips about events. You can also use Facebook and LinkedIn to do the same with the speakers you meet at the conferences and events you attend. Remember? Social media offers a great chance to wow event planners before they ever pick up the phone.

Now through December 31, 2015 the Kindle edition of 30 Days to Social Media Success is specially priced at just $5.99!

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Promote your upcoming events

by Gail Z. Martin excerpted from 30 Days to Social Media Success

Event planners also love speakers who help them put the word out about their events. When you contact groups to speak, be sure to mention if you’ve accumulated a large number of Facebook fans or Twitter followers, and if your opt-in newsletter list is in the thousands, that’s also a terrific plus. Talk up the event and encourage your followers to attend for the chance to meet you in real life.

If you will be traveling, contact Meetup groups in the area and invite them to join you at your next event if the program is open to the public. If you can’t invite them to the main event, see if they would like to do a coffee get-together or fireside chat with you during time in your travel schedule that would otherwise be wasted. You can also connect with the local chapters of national organizations of which you are a member or which pertain to your topic (groups such as eWomenNetwork, National Speakers Association, NAWBO, etc.) and issue the same invitations.

Don’t forget to connect via the online groups on Facebook, LinkedIn and Twitter for all of the same groups to invite them to attend and share tips related to your speech content. Talk about your upcoming programs on your own Facebook, Twitter and LinkedIn pages, not from a hard sell, but in terms of the valuable content you’re looking forward to sharing. You may find that some of your existing contacts will be in the area to attend, or have friends they can send your way.

Promote by Tweeting live from the event. Don’t just Tweet about your part—let everyone know how much fun you’re having, how valuable the speakers are, and what a great event it is. Tweet about the people you meet and the workshops you’re attending. Take photos from your cell phone and upload them right away.

Promote after the event (great for being asked back again) by blogging, Tweeting and uploading after you get home. (Make sure you’ve copied the organizer who invited you so he/she can see how much free publicity you’ve provided.) Write an article for your newsletter and then share it on your blog and in sound bites on your Twitter feed. Carry your digital video camera to the event and create a videoblog scrapbook, then post it on YouTube. Tweet the link, add it to your other social media sites and be sure to use Social Bookmarking to share it. When you send follow-up emails to the other attendees and speakers you met at the conference, include the links to your video and other promotion so they can also bask in the afterglow. Link to the organizers, speakers and attendees you’ve met on Facebook, Twitter and other sites, and choose the very best connections to add on LinkedIn.

Send a note to the speakers you met at the event extending that contact and offer to have them as a guest on your blog or podcast. Now you have another reason to talk. This can be a great way to share referrals to other possible speaking engagements or opportunities for collaboration for both of you. Of course, if you’re hosting a guest on your site, that’s yet another reason for social media promotion!

If you’ve got names for key contacts in the city to which you’re traveling, whether those are reporters, radio hosts or business contacts, look for them on Facebook, Twitter, blogs and LinkedIn and make a connection. Let them know you’ll be in the area and would like to talk or meet for coffee. You can also marshal your LinkedIn contacts near your event city and ask them for referrals to local media or connections to the kinds of people you’d like to meet. Make your travel dollars stretch further by piggybacking extra mini-events or meetings onto your events.

Now through December 31, 2015 the Kindle edition of 30 Days to Social Media Success is specially priced at just $5.99!

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Social Media and the Speaker

by Gail Z. Martin excerpted from 30 Days to Social Media Success

Speakers today face tough competition. Economic uncertainty has led many companies and organizations to scale back on events and to renegotiate speaker fees and reimbursement. Despite those hardships, speaking to groups is still an important income stream for many experts, and a way to gain recognition for coaches, consultants and authors.

Much of the advice for authors in the previous chapter can also be applied for speakers. Many speakers also have books or info products they’ve written, so they can benefit from promoting both their books and their availability as a speaker. Social media can lend a hand.

Provide a free sample

Event organizers are understandably reluctant to book a speaker they’ve never seen. You can use web video to help overcome that reluctance by providing planners with a free sample of your speaking technique. Planners may check out your web site before contacting you for a full demo DVD, so a couple of short clips that show your strengths as a presenter may be enough to encourage them to move further with the process of booking you for their event.

Don’t stop with posting clips to your main web site. Utilize video on your Facebook and LinkedIn sites, and Tweet about new YouTube videos when you post them. You can also include your new videos on your blog, with the opportunity to add extra commentary or insights.

Event planners like to see evidence that you’re in demand as a speaker. Blog and Tweet about your upcoming events, and update your Facebook and LinkedIn status when you’re heading out for events and when you post photos, video or a recap after the event. When you speak, invite listeners to become your social media friends, fans and followers, and encourage them to post comments on what has been most helpful about your presentation.

Work with event promoters before and after the events where you speak. Offer to provide guest blogs or articles related to your topic, and be sure to send them your YouTube video. Always ask for recommendations, and post these on your sites.

Audio samples are also great previews of what you offer as a speaker. When you do a teleclass or a radio interview, include a link to the audio on your web site. Choose a snappy segment of a teleseminar to keep it short, but be sure to showcase both your knowledge and your delivery style.

Now through December 31, 2015 the Kindle edition of 30 Days to Social Media Success is specially priced at just $5.99!

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Are You for Real? (Excerpt #23 from Mass Influence by Teresa de Grosbois)

You can go kicking and screaming, or you can just go.”

—Jennifer Hough

Confession time. I sometimes do business meetings in my garden while I randomly pull weeds. It’s a grounding act that helps me stay tuned into the person I’m with and connected to who I am.

Pulling weeds is a symbolic act for me. It’s a reflection of all those inauthentic parts of myself that don’t serve me. Anything that pulls me out of the conversation or moment I’m focused on can create a conversation in my head that is different than the one I’m having out loud.

When I’m nervous, when I’m worrying about my schedule, when I’m stuck on being right, when I’m coming from a place of looking good, when I scold myself and stay in my own shame—all of those are weeds to pull.

They choke out the growth of who I really am in the world: someone committed to being deeply of service to others, someone who stands for others stepping into their own leadership.

Weed daily—moment by moment.

Anything that stops you from powerfully walking your path in life is inauthentic to who you are. They are random weeds to pull. Like gardening, it is an ongoing commitment, an ongoing noticing. It is not a task to check off your to-do list. The garden is not weeded once and then you are done. It is a moment-by-moment noticing of what has arisen that might need pulling to leave room for the flowers and fruits to flourish. I work on it daily.

Habit #2: – Influential people are authentic. Their inner voice agrees with what their outer voice is saying.

They do something they deeply care about, and work with others they deeply respect.

The second habit that influential people consistently have is authenticity. People can spot a phony a mile away and they aren’t going to like and trust you if they think you’re a fake. You can become famous without authenticity, but it’s very difficult to become influential.

Get your copy of Mass Influence – www.MassInfluencetheBook.com

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Take It To The Street

by Gail Z. Martin excerpted from 30 Days to Social Media Success

Radio stations have long used “street teams” of interns or volunteers to post flyers, stuff mailboxes and raise buzz about upcoming events and new artists. You can create your own street team and leverage the social media power of your most avid online friends and followers by offering them the opportunity to promote a cause or product they believe in.

This works especially well for products that have a highly targeted niche audience, passionate users and a sense of mission. For example, authors and bands often recruit street teams to help spread the word about a new book or CD. Nonprofits and cause-related organizations frequently recruit street teams in the context of grassroots-level fundraisers, whether they are 5K races, cookie sales or jump rope marathons.

Street team success requires you to have a highly developed knowledge of your core audience and most devoted fans, and to know what motivates them. Meaningful motivation can be surprisingly inexpensive, and can include recognition, coupons, t-shirts, photos posted online, or the ability to contribute content or input. Authors have sometimes rewarded dedicated street team members by using their name for a character in an upcoming book. Bands give away t-shirts and CDs, or special song or video downloads.

Street teams can be especially effective when their members have credibility within an audience that may be distrustful of traditional advertising or are too small to reach effectively through normal advertising channels. The effectiveness of the street team lies in its members being bona fide members of the target audience or having credibility within the audience as informal leaders and trendsetters. For example, a company selling to college students could recruit street teams who would be able to pass out coupons and promotional items on campus and in dormitories, where traditional advertising might not penetrate. Jewelers or clothing manufacturers who sell to an ethnic minority or recent immigrant audience could leverage the credibility of street team members within a difficult-to-reach audience where relationships and word of mouth have high value.

Social media becomes a key component in keeping touch with your street team members and recruiting new members. It’s important to remember that street teamers only participate for as long as being part of the team is fun and personally rewarding. Turnover is high, and street teams should be handled gently to avoid burnout. Always remember that they are doing you a huge favor by passing along your information for free, and treat them graciously. Be lavish with praise, recognition and whatever freebies you can offer. Make it fun and easy for them to share your message without compromising their credibility or integrity.

With today’s growing variety of social media choices, your sales promotion possibilities are limited only by your imagination. When you involve customers in creating the promotion, they’re eager to pass it along to their friends.

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Social Media and Sales Promotion

by Gail Z. Martin excerpted from 30 Days to Social Media Success

All sales take place within a community of some kind. That may be a small town, a big city, a region, a country or the global marketplace, but the community is an essential part of the sales process.

Sales occur because the buyer perceives an urgent need. Sales promotion can’t create that need, but it can stoke the sense of urgency, and it can overcome objections by making it easy to buy under very favorable terms.

    Social media offers powerful new ways to provide unique promotions to your friends, fans and followers. You can create special sales or packages just for your social media audience, and get feedback from customers and prospects on what kinds of sales or promotional offers they’d most like to receive. You can also use social media to create incentives for your online friends, fans and followers to become your virtual sales force and help you spread the word.

The power of promotion

Everyone loves to be “in the know.” People are attracted by the opportunity to be a VIP and to be inside the inner circle, receiving special benefits not available to everyone. Social media creates a new way to offer coupons, discounts and advance information on sales and specials to the people who have become your online friends, fans and followers. By combining the best features of opt-in email marketing and direct response mailings (without the cost of postage), social media promotion can augment your existing promotional strategy and win a loyal following.

One form of social media sales promotion is the rise of web sites (with internal social media components like blogging and Tweeting) that help customers shop for bargains by maximizing their use of coupons. Sites like TheGroceryGame.com teach shoppers how to get the best value for their grocery dollar while sharing coupons and strategies to reduce costs. These sites create loyal followings and also provide rich territory for marketers to find out sales and product preferences.

If you offer daily or weekly specials, use social media to let your friends and followers know. Tweet about your flavor of the day or about special pricing on limited-quantity items. Blog about upcoming sales with an insider’s eye toward getting maximum shopping value. Provide real user benefit by helping shoppers learn how to get better value and stretch their dollars by sharing savvy shopping strategies.

Build on the tried-and-true idea of a VIP membership with social media. Create a Facebook or Twitter page around your VIP specials. Sure, everyone can read the page, but only your VIPs get the specials, creating “results envy” and encouraging non-members to join the club. Or, create your own membership site for your VIPs with a .Ning site. If you have a VIP area on your web site, add a blog, photos and web video. You can even encourage your members to send photos or video of themselves as testimonials.

If you sell from your web site, Tweet, blog and post to your social media site as soon as new items are uploaded to your online store. Offer special deals for buyers who shop within the first few hours after a new product is put online. Create early-bird specials that you publicize only on social media to increase the interest in being your social media friend.

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Get RESULTS Now!

by Gail Z. Martin excerpted from 30 Days to Social Media Success

Everyone wants results from marketing and social media. In my experience over the last 25+ years, there’s a recipe for results that separates the winners from the losers. Just like in the kitchen, it’s a recipe you need to follow in order to get the outcome you expect. Leave out an ingredient and it won’t work as well. Skip a few steps, and you’ll be disappointed.

Here’s my list of ‘secret’ ingredients:

The RESULTS™ approach stands for:

R = Recommit to marketing

E = Expect success

S = Seek partners

U = Understand your audience

L = Look for win-win scenarios

T = Take strategic action

S = Stay visible

In the next 30 days, you can see your social media marketing go from zero to full speed by applying the RESULTS™ formula.

Recommit to set aside at least 30 minutes each day (yes, weekends, too) to devote to developing your social media marketing strategy for the next 30 days. (Thirty minutes is a minimum. Once you get started, you’ll want to spend an hour, so block out the time now.)

Expect success by throwing yourself whole-heartedly into this 30 day commitment. If the little voice in the back of your head keeps saying, “this is ridiculous. This isn’t going to work,” you are programming yourself for failure. Program yourself for success by writing down 30 things you would like to achieve from your social media strategy. Some ideas include:

  • Reconnect with old colleagues, friends, neighbors and contacts to broaden your active circle of contacts.
  • Attend the world’s biggest 24/7 business networking event with a global audience and put your best foot forward
  • Take advantage of all the free information, education at sites like Fernstudium-Infomaterial.de and competitive intelligence at your fingertips

Now that you’ve seen those three examples, come up with your own list of 30 Success

Expectations and keep them handy to check back on.

Seek partners. Social media is “social.” You can meet amazing people on sites like Facebook, and get access to experts you might not be able to reach any other way. Sites like LinkedIn are particularly good for finding out what friends and colleagues are currently doing, and who they know. Make a list of 30 friends, colleagues and associates whom you’ve lost track of, and commit to finding them and touching base via social media.

Understand your audience in more profitable detail than ever before with the exercises in chapter three. Make a list of 30 things you wished you knew about your best customers—and create 30 questions you can use for quizzes, surveys and social media discussions.

Look for win-win scenarios by posting valuable content on the right social media sites to attract more of your best prospects. You offer solutions, and they become your best clients. It’s a win-win. Write down 30 ideas for useful tips, articles, videos or other content you could post right away by re-using information you already have.

Take strategic action by putting what you learn in this book to work for you. As you read, be sure to do the exercises at the end of each chapter. Complete all 30 chapter exercises in the next 30 days and watch your social media soar!

Stay visible by keeping your social media sites fresh and relevant. Create a list of 30 upcoming events, newsworthy items or announcements you could make to your new social media audience to get them talking, create a dialogue and demonstrate your credibility.

Most people put off doing marketing because they think it’s too difficult or too time-consuming. By using the principles in this book, you’ll do more in 30 minutes a day for 30 days than most business owners do all year. That’s the “Get Results” secret weapon—strategic, consistent effort in pursuit of clear, measurable results.

Remember: Planning + Effort + Consistency = Results

Here’s a key question to ask yourself: How many times are your messages “touching” prospects prior to making the sale? How close is that number to 30? That answer will give you a good idea of what you need to do to move your marketing forward successfully!

 

 

 

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Why Most Marketing Fails

by Gail Z. Martin excerpted from 30 Days to Social Media Success

Marketing horror stories. You’ve probably heard them. You may have one yourself. These are the stories about how someone tried a marketing technique, sent out a press release or ran an ad and “it didn’t work.” If you want to check one effective marketing idea, check with the experts from London tube advertising.

I’ve heard plenty of these stories. And as with most urban legends, there’s usually more to the story than meets the eye. If you’re reading this book, you’re a coach, consultant, speaker, author or owner of a small business and you want more from your marketing than you’re currently getting. You may not be marketing at all because your business is new, or because you’re afraid to fail. Or it may be that your marketing is chugging along with mediocre returns or muddled measurement.

Take heart. Marketing isn’t mysterious, and once you understand how the pieces fit together, you’ll be in a better position to market your own company or to oversee someone to handle marketing for you. Take the first step in the RESULTS™ model and Recommit to marketing. Let’s start by looking at the seven most common reasons that marketing plans fail.

  • No Planning. This is true in both large and small businesses. Many marketing efforts fail because there is no link between the marketing actions and the bottom-line business plan goals that drive revenue. This happens because decision makers get caught up with a vivid, creative idea that isn’t accountable to the bottom line, or because they take a “great deal” offered by a salesperson for a media buy. Marketing without a plan is a disaster waiting to happen.
  • Inappropriate Actions. If there is no plan, then whatever marketing actions that are taken may conflict with each other. It’s unlikely they’ll reinforce each other or support a business plan goal. Disappointing results come about because of a “ready-fire-aim” approach where actions aren’t anchored to business objectives and target audiences. Attempts to copy what a successful competitor is doing without understanding why (or whether) the action is working for them is also a dangerous approach.
  • Lack of Clarity about the Target Market. Mass marketing is dead. Blasting out marketing without a clear target is wasteful and unsuccessful. You can’t hit a target if you haven’t identified it. There is a “sweet spot” of potential customers who could become your ideal clients. You’ll need to get to know them to win them.
  • Lack of Clear Goals. If you don’t have an upfront understanding of what success will look like, you won’t know when you achieve it. Not only do your marketing actions need to be linked to specific business goals, but each marketing action should be measurable. Build in measurability up front so expectations are clear.
  • Unreasonable Expectations. A single press release isn’t likely to create a big spike in sales. One ad probably won’t save your company. Many people become disillusioned with marketing because they don’t understand the benchmarks for successful programs. For example, most direct mail professionals are thrilled to get a 1% response rate. One percent! Yet many small businesses send out a postcard mailing and quit in disgust, expecting a response of 20%, 30% or more. It’s important to have realistic expectations so you recognize success when you see it.
  • Unclear on How Marketing Works. For many people, marketing is a lot like a DVD player. They don’t know (and don’t care) how it works. Your odds of creating successful marketing are slim without some knowledge of how the pieces function and the process required to pull the pieces together. With the Internet, new tools are emerging almost daily. You’ll need to know how to blend New Media and Web 2.0 tools with traditional marketing to succeed in today’s marketplace. Understanding what makes marketing tick is essential whether you’re doing it yourself or delegating it to someone else.
  • Insufficient Patience. “We ran an ad once and nothing happened.” We’ve all heard that. But did you know that marketing research shows that it takes between seven to 30 “touches” to make a sale? Customers won’t buy until they have an urgent need. Until then, all you can do is create name recognition and a good reputation. That’s the value of the Rule of 30™. Marketing has a lot in common with farming. You wouldn’t plant seeds one day and go out the next and dig them up in disgust because full grown plants hadn’t sprouted overnight. Seeds take time and you can’t hurry that. Marketing seeds also take time to grow.

 

 

 

 

 

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How Much Marketing Is Enough?

by Gail Z. Martin excerpted from 30 Days to Social Media Success

I’ve seen all kinds of estimates on how much a marketing budget should be. Usually, the estimate is just enough to cover the products or services the person doing the estimate wants to sell.

An industry standard that’s been around for a long time is 5% of revenue. The idea behind making your marketing budget a percentage of your revenue is that marketing costs are funds you are reinvesting into the company, and should be tied to how well the company is doing, if not you better do something else like buying NFT. In the real world, I’ve seen companies spend far less and far more than 5% and get results that met their definition of success. What matters most is that you spend the budget you do have wisely.

A zero budget won’t keep you in business long, and it certainly won’t help you grow. If you truly have no cash, you’ll need to roll up your sleeves and put sweat equity to work. If this describes your situation, how many hours can you put into doing marketing? Write it down, and put a dollar estimate of your hourly rate next to it. That’s what you’re really spending.

If you’re already spending money and you’re comfortable with that level of investment, make sure that you’ve prioritized your budget in line with your prioritized goals. Put the biggest chunk of money where you’ll get the best return or achieve the biggest goal. (This becomes a great way to say “no” without guilt to one of those “fabulous” marketing opportunities a salesman presents to you.)

If you’re willing to invest more to achieve your goals faster, or because you know that growth requires more resources, then determine a dollar amount you can spend and divide it among your prioritized goals. Budgeting money doesn’t obligate you to spend it, but it does give you a tool to prioritize new opportunities and it may free you to investigate options you might not have considered before you knew what was available to spend.

Remember that your marketing efforts must be accounted for in your budget either in dollars or in time spent. As you budget your time to complete other projects, be sure to allow for your marketing investment.

Setting a budget also creates one way to measure effectiveness. Over time, you’ll want to ask yourself whether a particular marketing method is earning its keep. Knowing what you’ve budgeted for it compared to the value of how it contributes to achieving your goal comes in handy when you need to decide what to keep and what to change.

The “Irresistible Difference”

Before we leave the nitty-gritty if your business plan, there’s one item left we need to talk about, your “Irresistible Difference.”

What I call your Transformational Value is how you address your prospect’s Problem/Pain/Fear and overcome his Ego/Money objection. Your Irresistible Difference is what draws a prospect to you and your company as opposed to your competitors.

Your Irresistible Difference should tap directly into who your best prospect/customer is. It should fit that customer like their favorite pair of jeans, not only covering what’s necessary, but making them feel wonderful as well.

Think about your best customer’s qualities. What can you provide in your service, package or delivery that will meet their need as well as their unspoken desire? For some customers, convenience is king. For others, it’s value, or reliability, or exceptional knowledge. Not only will you gain some good insights into powerful marketing copy by looking for the Irresistible Difference, but you’ll also get some great ideas for where to find your best prospects and how to reach them.

For example, customers who prize value may join online communities dedicated to saving money. Those could be great places for you to participate through chat, forum posts and blogs because your audience is already there. A brand-conscious customer may place more than the usual value in being a member of professional and alumni associations and participating at a higher-than-average level. You might find those groups particularly useful to your marketing strategy because they tap into qualities the prospect prizes.

Your Irresistible Difference demonstrates how well you understand the quality the prospect values through where you market (including your choice of social media sites and the type of content you share), how you structure your product/service, how you deliver your product, and how you position your company in the marketplace.

As you become aware of the Irresistible Difference you offer to your different target audiences, make a note of it so you won’t forget to put its power to work for you.

 

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Mining Gems From The Business Plan

by Gail Z. Martin excerpted from 30 Days to Social Media Success

Successful marketing takes either cash or a “cash equivalent.” A “cash equivalent” is what you use instead of cash. That could be time that you barter, but more often than not, it’s old-fashioned elbow grease. Marketing requires time, and it also requires some money. If you have more time, you can save money. If you have less time, you can get the same work done by hiring help. One way or another, good marketing is going to cost you.

I’ve heard business owners say that they had such a great location or product that they could “do business by accident.” And I’ve driven past their location when it went up for sale after they went out of business. Success happens because of hard work, strategy and yes, a little “optimized luck.” It doesn’t happen by accident.

What do I mean by “optimized luck?” “Optimized luck” is what happens when you’ve done your homework, worked as hard as you can, and a great opportunity opens up in front of you. If you hadn’t prepared yourself, you wouldn’t be ready to make the most of the opportunity, or you might not even notice it. But you also didn’t just get lucky. You prepared and trained so that you’d recognize luck when it showed up and so you would be ready to maximize your big break. It’s definitely not “doing business by accident.” For doing some smart business, we recommend to check this Paystubs.net tools.

Make a list of your prioritized goals/target audiences/current marketing actions. If you’ve made a table, add another column for “cost.” Write down what you think your current marketing actions are costing you to reach that target audience and achieve that goal is costing you. The cost could be in time, or it could be in real money. It could be the cost of hiring someone to update your web site or design your brochure, or it could include printing, postage, advertising or other fees. You could include membership dues for the groups you’ve joined to mingle with your target audience. Make the best estimates you can and then look at the results.

Here are a few questions to ask yourself:

  • How much are you currently spending for each goal?
  • Are you spending the most to achieve your top goal?
  • Is what you’re spending worth the potential new revenue that goal could provide?
  • Could you spend more if it would achieve your goal faster?

You may see some opportunities to make a few course corrections. If you are spending more to achieve your third priority than you are for your top priority, you’ve got a problem. If you’re spending more to achieve a goal with smaller revenue potential than for a goal with larger revenue potential, it’s time to reconsider. If you’re not spending anything, hoping to “do business by accident,” then you’re on thin ice.

Social media is “free” in terms of not costing money to sign up for sites like Facebook and Twitter, but it’s certainly not “free” in terms of the time it takes to put a social media marketing strategy into action. You won’t “do business by accident” just because you slap together a Facebook page or set up a Twitter account. If you don’t have time, you’ll need the cash to hire someone who can put the time into it for you. And if you have the time to put your social media marketing strategy into action, you’ll still need some cash to bring all the pieces of your marketing plan together so that your marketing works harder than ever to achieve your goals.

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