The Crushing of Retail Sales and The Box

Online retail sales are crushing brick and mortar sales in many areas and it will only continue. I'll get to the facts on that in just a moment Amazon Box but first a story:

Several weeks ago my wife purchased a new cup for our three year-old grandson. He likes the Hawkeyes. When she presented it to him he looked her and said, "Thanks! Where's the box?" The box? She went on to explain that she purchased the cup from a store and that it didn't come with a "box". He looked at her with a serious questioning face and said, "No box?" He is three and he could not imagine that something new was brought into his house and it didn't come in a box.

Thank you Amazon and now for the facts:

Retail giant Wal-Mart reported solid fourth-quarter results last week with the U.S. business producing another quarter of comparable-sales growth. But the star of the show was e-commerce. Online U.S. sales for Wal-Mart soared 29% year-over-year, an acceleration driven by the company's investments in the acquisition of Jet.com. E-commerce is still small, relative to the brick-and-mortar operations, but that won't remain true for long.

According to the Department of Commerce, total e-commerce sales in the United States rose by 15.1% in 2016, far faster than the 2.9% Online Add to Cartgrowth in total retail sales.

The times they are a changin'.

The reality is that consumers are quickly leaving brick and mortar stores for online deals. They are shopping price as well as convenience as they have seen their wages stagnate and are left with less time to "go shopping". However, the trend isn't always the same for small business retail stores. Especially if they offer a unique shopping experience. So, what can retail, maybe your retail, do to drive traffic to your store? Here are some thoughts:

  • It Ain't About the Product - I can go to big box or online and buy a set of kitchen knives but I can not get the experience that comes with visiting, say, The Kitchen Collage in the East Village of Des Moines or La Gourmet in Valley Junction of West Des Moines. No big box or online retail center can match that experience;
  • Personalized E-Mail Offers - Because your small business is gathering emails (you are right) you can build a very active email campaign to keep your loyal shoppers in the conversation;
  • Retail Celebrations - Places like the East Village and Valley Junction hold special events all of the time...that's not done for big box stores. Getting involved with your neighborhood organization or Chamber can make a difference;
  • Be Exclusive - When going to market find stuff that can't easily be found online and then market that through social media and your email campaign.

All of this takes work...go get 'em!

6a00d83452534069e20120a53db1ed970b-800wi

 

 

 


Is It The Content or Something Else?

We're now in our fourth year of reporting the business news of the nation, region and the IOB_podcastv2 Greater Des Moines Metro during Insight on Business the News Hour. Each weekday starting at 5:05pm we take to the air on AM-940, FM-104.5 and in HD at 103.3 HD2 and report the business news of the day, what the market did and why and then conduct two long-form business interviews with startups to established corporations. To date we've conducted over 1,500 of those interviews with nearly 147,000 downloads on just one of our podcast pages, Podbean. You can see that here.

That's the history.

And we've noticed something that should be of interest to those of you attempting to extend your voice with social media.  

Social media experts tell us that "content is king". If you produce good and valuable content people will notice and engage. We think that's true as long as the content is about cats or food. Business? Not so much. The vast consumer population could care less about how to grow, maintain, start and stay in business.

Or wait...might it be something else?

We watch, very carefully, the download and listening numbers as they appear on iTunes and Podbean. We also follow the data on Bitly and we've noticed that those business people and businesses who join us for an interview and then share their story along several social media Man Megaphonechannels gain a big advantage. In other words they are not keeping their story...secret or to themselves they are telling the world and it matters.

And, if those businesses or business people carry their message forward for several days/weeks their download numbers explode. Sure we're there carrying the water as well but when the organic tweets and Facebook posts and LinkedIn posts happen more than once...it extends their voice so much further.

There is a valuable lesson here: Social Media is not a "one-and-done" effort. Think of it this way, if you got a new job or you're about to get married or you've just closed a huge deal... would you tell just one person?  No. You would repeat that story several times over the life of the news.

It's the same thing here. The very same thing. Content does matter but so too does properly sharing that content.

Your turn!

6a00d83452534069e201a3fd12f548970b-800wi

 

 

 


Who Builds Your Brand?

I walked into a Kum & Go, hungry, at 1:00pm on a Sunday and went to the Go Fresh Market area looking for chicken strips. My personal Erich Kum and Go 22 Jan 2017favorite in a pinch. The guy behind the counter saw me checking the offerings and said, "How can I help you?" I told him I was looking for chicken strips but there wasn't any in the case. He says, "If you've got a couple of minutes I can fix those for you."

Really?

This isn't a fast food joint where you walk up, look at a menu and make an order. This was Kum & Go a convenience store chain with over 400 stores in eleven states.

I told my new best friend, "Sure, I've got a few minutes." Off Erich went to make it happen. A few minutes later he delivered.

I asked him for a photo and he agreed and I said, "I don't know if you realize this but this is called building a brand and you have just made that happen to the positive."

Know what he told me? "Hey, that's my job and I'm glad I could be of service."

BAM!

So the question is: Are you hiring folks that can be Brand Warriors for your business or are you just hiring bodies?

6a00d83452534069e20120a53db1ed970b-800wi

 


Never Mind We've Got This...

I recently attended a meeting of about 20 volunteers who had gathered to discuss Man Head in Handscommunication efforts. The communication they desire is to build brand awareness and to share information critical to their brand and interested consumers. From what I could gather, from the brief introductions, I was the only professional marketer in the room.

In that two hour meeting there was plenty of discussion about social media, particularly Facebook. An hour into the meeting I asked a question about their existing website, "As with any brand the company website is often the first point of contact among consumers seeking more information about the product or service. It would seem to me that your first consideration would be to put up a website that is mobile friendly, easy to maintain and simple to navigate." I should note here their existing website has none of those qualities.

The response was, "The people we are attempting to reach do not go to websites they would much rather get their information from Facebook." In other words, "Shut up. We've got this."

I spent the next hour listening to minutia about Facebook. From posting to monitoring to limiting access of comments. It was an interesting insight on "group think" with the group having no clear understanding of marketing their message.

For those of you who are in business, and have an interest, allow me offer some simple marketing and advertising thoughts when it comes to building your brand. Ready?

Websites - In my professional opinion your website should be the foundation of your brand. It is your website that is accessible to the world. It is the repository of your brand message, contact information, blog, Facebook, YouTube and Twitter links. It must be mobile friendly. It must be updated on a regular basis and it must contain information of value to consumers. Ignoring that simple truth is putting your brand at jeopardy.

Blogging - Second only to your website should be your business blog. It is here where your "voice" can be shared in well thought out posts. For folks who want to know more about your business or non-profit your blog can be that gateway. Then use Social Media to share that message with a wider audience. Finally, when your blog becomes part of your Website Home Page you are updating content each time you post. And that is critical to Google Ranking and SEO.

Facebook - The potential universe for this particular non-profit would be roughly 300,000 people of various ages, ethnic backgrounds and lifestyles. Their existing public Facebook page has about 800 followers yet they believe this should be their main branding tool. They are talking to themselves. There is a place for Facebook but it should never be your primary marketing tool. Never.

Twitter -There seemed to be some confusion about how to best use Twitter. We find it to be an amazing news gathering and sharing tool that should, in our opinion, never be linked to your Facebook stream. They are two very different forms of communication and when your Twitter feed has a few words and then that Facebook link it tells those of us who use Twitter on a daily basis you're not really putting in the work to share your brand. We've got a blog post on that from several years ago. It will offer you "why".

YouTube - The world loves video. Here is a post from 2012 that speaks to the power of video for business THEN. Today the numbers are even more staggering. However, to gain traction the video that is produced must be well done, share valuable information and have the ability to capture the attention of the consumer in the first five seconds. This is a project best done by professionals otherwise it can be a waste of time.

Instagram - There was little talk about this social media tool that we've found to be fun, informative and growing in popularity. However, Instagram does have some limitations such as linking and we believe you must post to the platform at least three times a day to gain traction.

Just some of the things I would have shared with my friends however...they were not really interested. They've got this covered...

6a00d83452534069e201a3fd12f548970b-800wi

 

 

 

 

 

 

 

 


It's Here and We Warned You

The First Quarter is here. For many businesses it's a sobering reality for others it is full of First Quarteropportunity. Those businesses who remain aggressive in their marketing efforts will continue to build on past success. They know now is not to disappear from the consumer radar. So, how about some tips on how to better stay "top of mind" and turn the First Quarter positive:

Stay in the Game - I was visiting with a radio media professional last week who told me advertisers are starting to understand that taking the First Quarter "off" is a self fulfilling prophecy of doom. "I think the recession taught advertisers a lesson", he said. "Those advertisers who stayed in the game and continued to market their goods and services picked up market share from their competition. It used to be that, in our business, I could take a couple of weeks off in January. Today I'm at the office scheduling advertising and filling our radio inventory for January and February. These advertisers have learned that it's now a 12 month season."

Use Video - We are strong believers in video, always have been. Consumers eat it up like crazy and today there are dozens of ways to create and use video content. Studies have shown that consumers who view video are 1.81 times more likely to purchase than non viewers. And, because of social media your video can be viewed and shared across a wide range of channels. If you are doing email marketing you should also be aware of the fact that when the word "video" is posted in the subject line there is a massive increase in the open rate.

Visual Content Wins - We've said it for years, "Less is More" when it comes to marketing. Consumers don't have the time (or interest) in reading long pages of copy in your print ads, on your website, in your newsletter. Use images as often as possible to drive home the point of your message. And, if you can, use organic visuals rather than stock photos. It shows you have taken the time to tell your story rather than "buying" it.

Stay Connected - You already have a firm client/customer base. Stay connected to them through your blog, newsletter and an occasional hand written note of appreciation. Staying "top of mind" means that you need to stay connected to your best customers.

Start Your Referral Marketing Campaign - I recently wrote about how to get started in referral marketing. Once again, you already have "brand warriors" out there. Now is the time to weaponize them and allow them to help influence consumers who may not know how your product/service can benefit them.

While it may be the first month of the New Year it does not mean you are too late to capture more market share in the First Quarter but...you better get started.

Thanks for reading and for more on business check out our long-form business interviews from Insight on Business the News Hour our Monday - Friday 5:00 PM broadcast.

6a00d83452534069e201a3fd12f548970b-800wi

 

 

 

 

 


Marketing With Original Music

We're pleased to share a new relationship with creative musician and artist James Goodlett. We get it, you have radio or TV ads to produce James Goodlett but you need music that will be new, original and identifiable to your business. We can make that happen. New original music for your online business video, podcast program and more. While many marketers have used royalty free music, which is available, how many other businesses use the same stuff. And...in the end is that music identifiable to your business?

Before we get too far...here is a sampling of some of the music James has created. We think it's top-shelf:

James Goodlett Sample

So, how does it work?  We meet with you to discuss your needs. Learn more about your brand and how you hope to use music to enhance your marketing. Then we'll go to work and produce for you a sampling of original music that you get to review and discuss with your team.

Once we've settled on a theme we'll deliver to you various cuts of different lengths so you can use it across several marketing channels. 

Pretty easy right?

Let's talk soon! 

515-331-3206


Six Retail Marketing Tips - Small Business Saturday

Coming up on Saturday November 26th is National Small Business Saturday. If you own Small-Business-Saturday-Header-Undated that brick and mortar business allow me to offer up some marketing tips that will help you beat out the Big Box.

First, let’s consider what the impact of Small Business Saturday is for business. Check these numbers! According to a recent Sales Fuel survey last year 23 percent of U.S. adults shopped at a locally owned business on Small Business Saturday. While that is lower than the 33 percent of adults who shopped online during Cyber Monday more than half of those online shoppers said they would rather shop at small, locally owned businesses if the price and product quality is similar. And get this… Millennials aged 25 to 34 make up the single largest segment of Small Business Saturday shoppers at nearly 25 percent…  So quit worrying that all this demographic does is shop online…they don’t. 

So, how can you grab their attention from Millennials to Boomers?  Let’s go!

Start now. More than half of last year’s Small Business Saturday shoppers also shopped at brick-and-mortar stores on Black Friday. This behavior means they might be tapped out and less motivated to shop on Small Business Saturday. To avoid this, create a marketing plan that includes consistent outreach from now until Small Business Saturday. What should that plan include?

  • In-Store Signage – Reminding shoppers that Saturday is Small Business Saturday and you’ve got even more deals coming.
  • Social Media Outreach – Do the same here remind folks that dollars spent locally stay local…it matters;
  • Photo Op – Take a section of your store and decorate with fun stuff so folks can take selfies of their shopping experience…they will share and you can also share on Instagram and Snapchat;
  • Traditional Marketing – If you’re buying ads to promote Black Friday also mention Small Business Saturday.

Make it mobile - Small Business Saturday shoppers will be turning to their smartphones to locate local stores, find product information and reviews, and compare prices. If you have free Wi-Fi let customers know. If you are doing email marketing make sure those messages are mobile friendly and any links go to mobile friendly landing pages that speak to shopping opportunities in your store. If you are doing text message marketing because nearly 36 percent of Millennials in the study say they took action base on such advertising.

Give your business website and local search presence a going-over - Your store should be listed on local search directories; check to be sure that the information listed there and on your business website is complete and accurate. In particular, your store’s address, hours and phone number should be easy to find. If you have special holiday hours, keep them updated or post a list of daily hours throughout the holiday season.

So…does it matter?  Just this past week I was looking for a phone number of a small business in the Des Moines Metro…on the business website. Not only was the website not mobile friendly but I could not find a way to connect by phone…no phone listed!  ACK…

Be social - Millennials are 57 percent more likely than the average shopper to take action based on an ad on a social network. Getting attention with organic Facebook posts has become more difficult, but Facebook advertising is quite affordable and effective. You can set a budget, monitor results and target your advertising very narrowly to people within your local community. Pair your Facebook advertising with a strong presence on Instagram and maybe even Snapchat.

Send the right message - Savvy shoppers crave the unique and individual. Your marketing messages should emphasize what makes your store stand out from big-box retailers. In addition to personal service and a friendly greeting, one-of-a-kind products, a carefully curated selection of items and gifts that people will find not only appealing but also priced right. Entice shoppers into your store with the back-story of why your business exists…

If you do a google search for Small Business Saturday you’ll find a page dedicated to specific free printable items you can use to help market your small business. If you are reading this piece on our blog here is that link.

6a00d83452534069e201a3fd12f548970b-800wi


Snap Out of It...We Have Business to Do

Let me share with you that there are not many people who are as interested in the world of politics more than I. Not the emotional side of politics (though I am) I'm talking about what makes the political world tick and how to better market those issue messages. We have been thorough a bruising primary season and general election season and emotions have been running high. I get that however, we've got work to do, business to accomplish and consumers to satisfy. Men Transfixed

Snap out of it...

Since the election social media has been alive with political nasty. Turn on any talk radio station from NPR to your local News/Talk outlet and it is politics 24/7.  It is hard to focus on business, sales, marketing, advertising and a host of issues that truly impact our daily business life. Hard to focus is we get caught up in the messy business of gloating, blaming and anger management.

But we must move forward because so many people are counting on it.  How do I know you are not? I get to do this daily business news broadcast, Insight on Business the News Hour, and each day we feature two long-form business interviews. That's right, we don't do politics. I've watched the numbers, since the election, on the number of people who are downloading our podcast versions of those interviews and I can share with you they are minimal.

Prior to the election we were humming along with solid numbers of listeners who may have missed the live interview during the broadcast but catch up on them in the podcast. Those numbers are way down.  Because?

Because we are not focused on business. That is troubling. It's not to say that you can't be interested in politics but come on...let's do business. Let's get back to creating opportunity for our employees and our customers.

We've got business to do... 

6a00d83452534069e20120a53db1ed970b-800wi


Blue Tomato Moves to Prime Land & Sea

Sara Hill and Chef David Baruthio have announced the re-location of the Blue Tomato Kitchen menu as an addition to the newly remodeled Davod Head ShotPrime Land & Sea at 1261 8th Street in West Des Moines. The menu move will allow Prime Land & Sea to be open for lunch starting on November 1st as well as increase the menu offerings of pasta, pizza and sandwiches to go along with the existing steak and seafood fare.

“There is going to be some major re-development at the corner of 63rd and Grand in West Des Moines and our lease would not have been renewed,” said Chef Baruthio. “We have wanted to expand our hours and offer lunch at Prime as well as increase our menu choices so this was not a difficult decision.  With this move our Blue Tomato customers will now have a full bar, an expanded wine list and we are making our own fresh mozzarella cheese on site. We will be offering more selection, more parking, more unique meals in a superior family friendly location. The Blue Tomato isn’t really going away and in 2017 we hope to revive that counter concept in yet another location.”

Baruthio says the price point for lunch and new dinner offerings will be very approachable and match those of the Blue Tomato Kitchen. And, because of the extensive remodeling of Prime there is a larger kitchen and equipment that will improve things like the pizza crust and other offerings. Following dinner on Saturday the 29th the Blue Tomato staff will begin to move familiar décor to Prime on 8th Street and be ready to serve lunch on Tuesday, November 1st at 11am.


Marketing Banks - What You Need To Do

If I were running the marketing department at my locally owned bank or savings and loan I Bank Imagewould crush "Big Bank Competition" and it would be so easy they would write books about it. 

Let me set the stage for you.

Since the Great Recession banks had been trying to rebuild their reputation among consumers and some had turned the corner. But then the Wells Fargo scandal erupted and it's been a Big Bank Nightmare. Case in point, Wells Fargo, last week, said that in September the number of checking accounts opened fell by 25 percent and the number of credit card openings have dropped by 20 percent compared to a year ago.

But, Wells Fargo is not alone. An Accenture survey found that only 30 percent of bank customers say they're loyal to their bank, and about a quarter were shopping around for another institution.

A Gallup poll conducted in June, before the Wells Fargo scandal broke, found that Americans' trust in banks plunged 22 percentage points from 10 years earlier. While nearly half of respondents said before the recession that they trust banks, just over one in four say the same now.

Take a moment and review those numbers.

Now, let's steal Big Bank Customers...ready?

  • Meet The Decision Makers - Tomorrow I would scrap all the glitzy ad stuff and focus on having consumers meet the people who make banking decisions. We'd do this with video, blogs, social media...get out from behind the desk and get in front of the consumer;
  • Mr. President You're On - The bank president might have the corner office but it's time to get out and head to where the people are. If you were our client the bank president would be out of the office twice a week visiting with consumers at everything from Chamber Functions to High School Football games;
  • Record the Action - If your bank or savings and loan were my client we'd send a staffer with you to record video and still images of you being with consumers and potential customers and then share that in your Bank Blog;
  • Ramp Up Cause Marketing - Pick a charity...better yet...pick three and then make some serious donations of time and money to those local charities...and don't pick the "fancy" charities that EVERYBODY gives to...match the community need to the target consumer. BTW critters and kids always work best;
  • Forget About Yield - Please don't tell me that I'll get zip on my savings or that I am insured by FDIC (OK ya gotta do that) talk to ME..recognize that we need to build a relationship outside of earnings;
  • Formal Listening Posts - Get focus groups together, hold listening posts on a number of hot topics from credit repair to student loans to saving for college to business start-ups and then hold public meetings to offer solid advice. And, don't sent the marketing department...you Mr. President...go!

I promise you that you'll make a significant impact in your community and in your bottom line. But, more importantly you will become part of the community who is searching for...integrity.

You are welcome!   

6a00d83452534069e201a3fd12f548970b-800wi