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Marketing Lingo you need to know for 2018

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7 Marketing Lingo you need to know for 2018. If you own a small business, chances are you’re wondering how you’re going to market yourself.  Looking online you’re going to find quite a few article and resources for marketing, most of them coming from marketing company themselves.  Give or take an hour of research and you’re pretty much ready to quit because there’s too many options and because you’re not a part of the marketing or digital marketing world, all the lingo being used such as SEM, SEO, Digital Marketing, etc. becomes overbearing. That’s ok, we’ve created a short guide for you to follow that will help you better understand the world of Digital Marketing. These are the essential keywords and lingoes in digital marketing that you’ll need in order to navigate marketing information.

SEO (Common marketing lingo)

The first is the most common marketing lingo. Search Engine Optimization.  This is a service that many digital marketing agencies provide to help get more people to come to your website via an organic search result.  When someone online searches for a keyword that your business represent, your website will come up on the front page.  They will then click on your link and be directed to your website.  This doesn’t guarantee business, but it does increase the likelihood of you getting more leads and sales.

SEM

Search Engine Marketing.  This service is similar to SEO because it rely on you getting good rankings on the 1st page of Search Engines.  The difference is that SEM depends heavily on paid advertisements to get you there instead of appearing there organically.  You know those ads on top and on the side?  Those are probably the works of an SEM Campaign. Learn more about Search Engine Marketing here. 

PPC

Paid Per Click.  How SEM does it’s work is through a Google service known as Paid Per Click.  This is where you pay Google to place your business on the front page in the form of an advertisement.  Whenever someone clicks on the advertisement, you pay google a small fee (anywhere between 50 cents to $20 depending on keyword and competition).

SMM

Social Media Marketing.  The goal for this is to deliver traffic to your website via Social Media.  Depending on your business certain social media platforms may be better suited for you.  A clothing/retail business may benefit more from Instagram and Pinterest than Twitter for example. Learn how to maximize your social media’s effectiveness here. 

Digital Marketing

Digital Marketing is a broad spectrum of online marketing services.  Typically a Digital Marketing campaign will include more than one services to accomplish a goal, whether it be branding or simply more traffic and customers.  Digital Marketing can include SEO, SEM, SMM, PPC, and many other online-related marketing services.  Typically it doesn’t include direct mail, bill boards, or bus wraps.

CPC

This marketing lingo stands for Cost Per Click and is most common with Google’s Pay Per Click model. However many other advertising platforms also utilize CPC to determine the effectiveness of a campaign. Cost per click simply means how much does it cost you every time someone clicks on your promoted ad. Usually you want the CPC to be low, that way you won’t have to pay more for people clicking on you ads.

Conversion

This is a confusing marketing lingo because it could mean a lot of things. Conversion could mean the rate at which someone goes onto your website and then converts to become a customer. Your formula would be Sales conversion / Visitors. However Conversion can be something completely different if you’re advertising on Google, Facebook, of Instagram. Conversion doesn’t mean sales on your website, it could mean simply someone converting and eventually browsing to a desired page on your website, however not necessarily making any transaction. Learn about social media conversion here. 

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Tips On How To Manage An Online Business

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Having the right e-commerce site can make shipping and tracking your inventory easier. IT is constantly changing and it is important to have a secured site to make sure your customer’s data is safe. Following these steps will seem daunting at first, but remember that success will come if you keep pushing towards your goals. America was built by small business owners and with faith, you can have a profitable online business.

Determining your target audience.

The first step in opening an online business is determining who will be your target audience.  It is important to research your competition online and find out who will be buying your products. There is a lot of competition online, so you have to find a way to stand out. I suggest coming up with a unique business name or signature product. Separating yourself from the rest of other online businesses is important to succeed long term.

You also have to decide if you want to sell a product or provide a service. Once you have identified your business model, you will need to come up with the terms of your business. I suggest seeking legal advice, so you can protect your company. It will need to be clear to your customers who you are as a business and what service you provide. It is also important to outline how you will provide customer service and solve any problems that arise.

Selecting the products you want to sell or determining which services you want to offer.

Before you start selling products or offering services, it is important to get registered with the state you are in. There are many advantages of becoming an LLC or incorporating your company. I recommend researching the options that are available in your state. It is important to protect your brand and make your customers trust you as a business owner.

In order to succeed as an online business, you need to have a strong vendor list. Being a licensed company makes more vendors’ want to work with you. Once you have added companies to your vendor list, you need to decide how you want to market your business. You can either hire a SEO company, marketing firm, or you can learn how to do it yourself. There are hundreds of free online tutorials on how to market your company for free on social media sites and YouTube. You can also use Google AdWords and Adsense to help promote your business. There are also several apps that can help you manage your social media sites as well.

Making sure your e-commerce site is effective.

I suggest hiring a website developer or technology company to build your site. There are several user friendly e-commerce sites that are very easy to set-up yourself. Having the right IT support to very important, because they can quickly resolve any issues that may arise.

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15 Ugly Truths About Entrepreneurship Everyone Should Know Before Starting a Business

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Becoming an entrepreneur isn’t everything you see on Instagram or what you see in most interviews. There’s no map and what has worked for another company may not work for you. You’ll constantly find yourself in a state of despair and hopelessness but still have to keep your head above water in order to not look like a failure to everyone who has believed in you. 

1. Most things don’t work the first try

Just about everything you do seems to somehow “not work”. If you’re developing an App or software, expect it to turn out completely different than how you explained it to your developers. If you’re running an online store or business, expect emails to your customers to go straight to spam for some reason. Things never seem to work the first, second, or sometime the 50th times. But you keep going and keep fixing until it works!

2. The REAL stressor that breaks you

You obviously expected a certain level of stress. But we bet you never expected WHERE it will come from. Your startup will without a doubt give you plenty of stress to deal with, however most of that is eustress and good for you. Solving business related stress makes you feel good. The stress of dealing with everything else around you is what will ultimately wear you out. Your business is starting to grow and now moving higher up your ladder of priorities. Other things are starting to become less important but you still need to take care of them. And taking care of them starts to become more stressful and mundane without yielding much reward. 

3. Losing friends

Expect to lose the majority of your friends. Being an entrepreneur is hard and making time for your friends will gradually become harder. You can only bail on your friends and families so often before they stop inviting you out. 

4. It’s a REALLY long journey

Don’t expect your business to take off overnight. Most entrepreneurs expect their idea to take off and exit within a year or two. Having that kind of expectation will often lead to feeling like a failure and losing faith in your business. Tony Robin says, “Most people overestimate what they can do in a year and underestimate what they can do in a decade.” 

5. Regrets

Oh yea…expect this to happen real soon. And expect it to happen often. You will regret all the sacrifices you’ve ever made for this business when you start considering choosing tofu over chicken just to save a few bucks at Shoprite. 

6. Anxiety Competition

It’s normal to worry that somebody out there is executing the same idea. Having anxiety over potential competition is natural. Don’t let this drag you down. Let it inspire you to work harder and become better than your imaginary competitors.

7. Other People Depend On You

It’s not just about you anymore. It’s not just your life and your future that’s at risk. Once your business starts taking off and you become an employer, you’re responsible for everyone you employ. 

8. You’ll see people’s true colors

Will Smith once said, “If you’re absent during my struggle, don’t expect to be present during my success.” Unfortunately those closest to you may act differently depending on where you are in life. Those who are true to themselves are worth their weight in gold. 

9. It never gets better for those closest to you

This is a strange one because it’s both a good and a bad thing. You’ll eventually make promises to either yourself or a significant other that things will get better and you’ll take them on some exotic vacation etc. Unfortunately it never truly gets better. At first you’ll struggle to get your FIRST client. After that, you’ll stress out on getting your 10th client. And before you know it, you’re constantly chasing bigger and bigger things. That’s your nature as an entrepreneur, you’ll always want more. 

10. Leadership is hard

Once you start having people work for you, you’ll quickly realize how difficult it is to get a group of people to work productively together to achieve a common goal. Leadership is a lot harder than you think because it’s not just doing a few things. True leadership require years of commitment, hard work, and self discipline to prove yourself a competent leader to your team. 

11. No Appreciation

If you’re a good leader, then you’ll know that appreciation is what YOU give to others, not what you expect to receive in return for your hard work. No matter what you’ve done and what you’ve sacrificed, you won’t be appreciated for it. But it will be demanded of you. 

12. Meditation becomes your best friend

As silly as it was in your teens, meditation now becomes a ritual you can’t live without. It becomes the only few minutes in your day where you can think clearly and not be bombarded at every angle. 

13. Dealing with being sick

At first you’ll be invincible and can do just about anything to your body and deprive it of sleep for days on end. After a while…you’ll actually get sick. It’s a weird feeling being sick and not having insurance because your company isn’t quite there yet. But this will be one of the many challenges you’ll have to overcome as an early stage founder. 

14. Realizing that you’re actually “stupid”

This may or may not come as a shock to you but you’ll eventually realize how stupid you are or have been with your business. There will be plenty of “Aha!” moments where you asked yourself “how could I have been so stupid?!” These are character defining moments that you need to cherish and take notes of for your future self. After all…if you know everything, why aren’t you rich yet? 

15. You’re going to look back and cringe

These are the best moments. At some point in your business you will look back at posts, photos, tweets, text messages, and notes and just…cringe. Similar to feeling stupid, these are also character defining moments that you should cherish. What’s the difference between this and #14?  This is absolutely hilarious and your fellow team mates will die of laughter while you die on the inside. 

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5 Ways To Create An Amazing Employee Experience

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employee experience

There is no perfect formula when it comes to running a business and managing employees. Every environment is different from the next and each employee should be treated in a unique way. If you survey 100 employees about the things that would motivate them to quit a job the majority would point to management in some aspect. In order to avoid some of the missteps that come with maintaining an employer to employee relationship, you must know what your employees need. These 5 tips are going to provide valuable information into creating an amazing employee experience:

Communication/Employees Being Heard

The most important aspect of any relationship is to communicate effectively. Communication helps to avoid small issues that can snowball into bigger issues. It is imperative that employees are not only kept in the loop, but are provided clarity when miscommunication issues arise. Miscommunication at work can turn into a game of telephone and spawn untrue rumors that can spiral. In addition to keeping an open line of communication with management, employees must feel that they are being heard. It can be very frustrating when you have ideas that you want to be heard but feel dismissed by management. This calls for a bad employee experience. Dialogue is healthy, so keep talking.

Utilize skills correctly

Any successful business person will tell you that many times resources are not as important as how you utilize them. The same goes with the people that are helping to grow and operate your brand. You can have as many good people on your team as possible, it is pointless if they are not being utilized based on their strengths. Some people may fear being outshined or having their employees outgrow the company, but it will do the opposite. If everyone is allowed to flourish by doing what they are best at, you may unlock growth in the company and the employees that you didn’t know was possible. Pushing people to discover their full potential will benefit you because everyone will be putting their best foot forward.

Flexibility

Many people have demanding schedules outside of work that don’t necessarily allow them to adopt conventional schedules at work. When employees are not allowed the flexibility to attend to things outside of work it can affect them negatively at work. Of course, people are responsible for managing their time effectively as adults, but every occurrence cannot be planned for. Allowing remote work, or even telecommuting which is becoming a growing trend, employees can better manage their schedule around work. This eliminates certain stressors that can affect time at work, morale, or even home life. Everyone has to sacrifice certain things when taking on a full-time commitment, however employers have the ability to make things a bit easier.

Positive Culture

A fun, positive culture is necessary to keep up morale at work. Team building exercises, keeping everyone in the loop, even respectful disagreements are all healthy in workplace culture and creates a positive employee experience. Some people spend more time in their office or workspace, then they do at home, meaning your employees should enjoy their time at work. Spending the majority of the day with people that you barely know or don’t get along with affects work performance as well. Employers must realize that you can have the most beautiful office space, the largest salaries, etc but if your team is not clicking you’re going backwards. Sometimes stepping back from work in an outside environment can help people to get to know each other in a different, more relaxed way.

Challenging Work

Nobody wants to be bored at work or feel as though their job is meaningless. It is important to make sure that employees feel challenged and look forward to coming to work. Not feeling challenged can cause employees to lose motivation, which can directly result in declining performance due to the negative employee experience. A domino effect, which can be avoided by communicating with employees about what can make them better. Growth is a critical component to forward movement in life. If employees feel that the work is complacent they will start to become complacent. Implement incentives, have friendly competitions, make things interesting so that boredom is not an option!

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