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You are here: Home / 2018 / Archives for March 2018

Archives for March 2018

Video Marketing is Crucial to Your Business, Learn Why! – Small Business Trends

March 5, 2018 by Asif Nazeer Leave a Comment

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A quick scroll through your social media feeds, especially Facebook, will show the many different ways video marketing is being used.

Videos can increase the likelihood of an offline purchase by as much as 64%, and one study showed that just over half of marketers believe videos have a higher return on investment than any other media.

Video Marketing Growth for 2018

According to YouAppi’s Second Annual CMO Mobile Marketing Guide Survey, 85% of Marketers Plan to Increase Investment in Video in 2018, up from 75%.

Review the PDF of the entire guide for many more brand new statistics related to the growth of video marketing. Highlights include these insights:

  • Increases across all 5 channels are up in 2018;
  • Over 75% of respondents said video was very or critically important to the customer journey;
  • Video priorities have changed from 2017 to 2018;
  • There are two top concerns for video advertising;
  • Reengagement difficulties doubled year-over-year; and
  • Some cutting edge technologies may be priorities over others.

Branded videos are engaging and informative, and can do wonders for your business. If executed correctly, videos can dramatically enhance your digital marketing strategy.

With a bit of clever video magic, you can stand out from the influx of videos published every day.

Still, it’s a particularly challenging medium because viewers have little freedom in terms of how they consume it.

Unlike content, there’s no real way to skim it — jumping forward causes the viewer to feel like they’ve missed something important, yet watching a video in its entirety just to get to the useful bit feels like an awful waste of time.

Video Marketing Best Practices

Although video is a different medium, you should still follow content marketing best practices:

  • Grab their attention immediately! Do not make the mistake many videographers do of having a long, drawn-out introduction on your videos.
  • Don’t manipulate your audience. You never want your customers to feel tricked or misled when viewing your videos.
  • Provide highly useful information. When they understand that your video content is useful, this creates trust between you and your visitors. One bad video could deter them from ever watching another video from you again.
  • Tell a story. Viewers expect to follow a narrative when consuming video content.
  • Keep it simple. Your video shouldn’t feel like a research paper or operations manual. The who, what, where, why and when of a video should become clear early on.

How to Increase Profits With Video Marketing

The effectiveness of video marketing also makes it a highly competitive area on the web. To stand out from the crowd, it’s imperative you take a unique approach to your video strategy.

Take Viewers Behind the Scenes (BTS)

There’s no better way to humanize a brand than by taking viewers behind the scenes (BTS). However, it’s just as easy to botch a behind-the-scenes clip as it is to get it right.

This is because BTS videos can easily start to feel mundane if they don’t take an interesting angle or have something unique to show.

This is where your brand personality can truly shine, offering a glimpse into your world. Use it to show your team’s dedication to the craft, and make your viewers interested in learning more.

To help get you started, take a look at some existing behind the scenes videos. Your research doesn’t have to focus exclusively on brands.

Example Behind-the-scenes Videos

This Vimeo blog post focuses on behind-the-scenes tips for movie makers, and the suggestions are still relevant to any video content you create.

The nuts and bolts — tell your story, explain why you’re here, what the viewer is seeing, etc. — are all the same.

Take advantage of a drone’s powerful technical prowess to create stunning imagery. Large offices, events and demonstrations could benefit from aerial footage.

However, as stated by DroneBase.com, there are a handful of FAA rules accompanying drone coverage, and it’s important you read up on them before you put out any content.

Here are a few BTS ideas:

  • Show off your inception skills. Film your team shooting a commercial or marketing video, and detail what goes into making a video for the public. This is similar to what radio producer Alex Blumberg did with his podcast Startup. He gave listeners real-time updates into the trials and tribulations of starting up a podcast business.
  • Put your company culture on full display. If culture is your strong suit, let it shine. Show your employees during a team-building exercise or work event.
  • Feature your progress. If your business is going through any changes, like a major office renovation or new product version, update your audience and use videos to take them on the journey with you.

Edit your events in mini feature films. Events take quite a while to plan. A well-shot, edited mini-feature film can help you show off your event AND provide a glimpse into what goes into making an event happen.

Use Influencer Marketing

The power of influence is phenomenal. One Nielson study found that 92% of consumers trust opinions from people they know, both directly and indirectly. Celebrity influence is a great example of how this works.

Though the majority of people have never met Tony Robbins, if he endorses a product on any of his social channels, those product sales are likely to skyrocket.

Many studies have shown just how effective influencer marketing can be, and this is because the consumers of today trust the opinions of those they follow.

Google published a report that showed 70% of teen consumers trust YouTube bloggers over traditional celebrities — a trend expected to gain momentum.

First Consider Niche and Local Influencers

When choosing influencers, remember they need to be influential to your target audience. Although celebrities have wide appeal to many, they may not be best for your particular brand.

First consider people who are influential locally and in your specific niche over any general influencer including a celebrity.

Who Uses Influencer Marketing?

Other research reveals that 86% of marketers used influencers in some capacity in their 2016 campaigns, and most marketers had plans for doubling their 2017 budget.

There’s a good reason why dollars are being funneled into the pockets of influencers: Influencer marketing can build brand awareness and increase profit.

Combine video marketing with influencer outreach, and you’ve got a winning recipe that can multiply your results.

Example of a Successful Influencer Video Marketing Campaigns

This is exactly what Lynda.com, an online learning resource owned by LinkedIn, did with their video marketing campaign.

The company teamed up with a handful of YouTube bloggers across different industries and commissioned them to post how-tos that were most relevant to their channels.

They also discovered it was a unique way to circumvent ad blockers. This video shows that 46% of consumers use some form of ad blocking on a daily basis:

It was a win-win situation; video bloggers were able to post useful content, and Lynda.com received more unique visits.

Influencer Marketing for B2Bs

Another way to work with an influencer is to interview them. Let them test out your product or service, and broadcast a conversation that shows how they’re using and benefiting from it.

Not only can you turn these into fun videos for social media, but you can also use these as testimonials on your site.

Lastly, influencer marketing can help boost your SEO. When people are talking about and linking to your brand, it results in organic reach.

These SEO improvements are a byproduct of your video marketing that stick around long after the video is published.

Customer Service and Explainer Videos

Brands have ample opportunity to use customer service and explainer videos to their advantage. In fact, this is an untapped area of potential for many businesses, especially those in the tech industry.

Think about all the instances you’ve had to Google how to operate a certain product. Let’s say you’re trying to figure out how to work an Apple TV.

You’d search for the phrase “how to turn on an Apple TV” and would see several videos appear in search results — mostly from YouTubers and tech aficionados. These videos have huge branding potential.

Not only would you be able to provide your customers and potential leads with valuable, straight-from-the-source information, but you’d be able to promote other products or services, too.

Here are some tips for using explainer videos in your video marketing strategy:

  • Start by repurposing some of your most frequently asked questions as explainer videos.
  • Don’t be afraid to show your staff and let them have fun with it. A little humility goes a long way. You may not realize it, but seeing brand representatives fix common issues helps humanize the brand.
  • Write a rough script that each of your explainer videos will follow. This creates a cohesive string of branded videos that your customers will come to learn, and this format will eventually become synonymous with your marketing videos.
  • If possible, keep recurring actors or pinpoint video hosts. This helps increase recognition and build loyalty.

Consider taking the Lynda.com approach to combining influencer outreach with explainer videos. For example, maybe you could partner with the tech YouTuber who showed your customers how to successfully use your product.

At the end of the day, video marketing isn’t about being a salesman. Remember, you have a limited amount of time to engage your audience, and this isn’t the place for it.

Where to Share Your Videos

It isn’t enough to just have your videos on YouTube or your own site. Know what platforms to share your videos on natively, as well.

  • LinkedIn recently rolled out native video, but this doesn’t mean you should post any type of content onto its platform.
  • While professional explainer videos might be relevant, funny BTS videos would be better suited for Facebook.

The key is to be engaging. Hook them during the first 10 seconds, and maintain the momentum throughout the video.

3 Unique Ways to Increase Profits With Video Marketing

Infographic Source

Photo via Shutterstock


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What's More Important: the CEO or the Idea?

March 5, 2018 by Asif Nazeer Leave a Comment

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Data from startup failures, VC/angel investor preferences and the impact CEOs can have on ideas shows that these leaders are more important than the ideas they represent.



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10 Places to Put Your Small Business Logo – Small Business Trends

March 4, 2018 by Asif Nazeer Leave a Comment

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Once you create the logo to best represent your company, you have to start using it strategically so it can have the most impact. LogoMaker has published an infographic with a checklist of 10 spots where you should use your logo.

When your logo is out in public, you are telling the world you are ready for business. Soon, it starts becoming a brand people recognize. Making it stand out among all of the established logos and advertising is not easy. But it’s very doable, with the right approach.

For small businesses with limited budgets, the task becomes even more difficult. So placing your logo in places where your potential customers will find it is key. With enough exposure, they will become familiar with it, and anytime they see it, will think of your business.

Where to Put Your Business Logo

Here are five of the 10 spots LogoMaker recommends. You can look at the remaining five places in the infographic below.

Social Media Profiles

If you are active on social media, make sure your logo is part of the content you post. Format the logo according to the specification of each channel so your followers can see it, and so the entire image is in full view.

Website and Blogs

LogoMaker says you should showcase your logo on your website or blog at the top of the page, preferably displayed horizontally. The logo should also be next to other items associated with your brand, such as tagline or bio.

While on the subject of websites, remember to create a favicon so it can be in all of the pages of your site. A favicon is basically a miniaturized version of your logo which can be linked to your home page for use by feed aggregators.

Products and Packages

With eCommerce now part of almost all businesses, you are very likely to be shipping packages to your customers. Placing your logo on the product as well as the shipping package lets everyone see where it comes from.

Invoices and Forms

When you send out invoices or forms to be filled out, make sure they have your logo on them. Generic invoices and forms might be cheaper, but they don’t communicate anything about your company.

Business Vehicle

Even if you only have one vehicle for your business and it is your personal car, use it to advertise your brand. This type of passive marketing gets a lot of eyes on it every time you get in your vehicle and drive. As LogoMaker says, your vehicle becomes a moving billboard for your brand.

Where to Put Your Business Logo

Images: LogoMaker


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A Snapshot of Online Image Theft (Infographic)

March 4, 2018 by Asif Nazeer Leave a Comment

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Thanks to social media and blogs, image theft is a major issue.


March 4, 2018

2 min read

Opinions expressed by Entrepreneur contributors are their own.


All too often, people steal other people’s photos and images without even knowing. Of course, many use other people’s images knowing that it’s unethical and wrong, but in many cases, it’s also downright illegal. Whether someone’s aware of it or not, as a photographer, professional or hobbyist, it’s up to you to go the extra mile to protect your images.

Related: The Beginner’s Guide to Using Stock Images Without Getting Sued

According to a 2016 survey, 64 percent of professional photographers said they’d had their works stolen more than 200 times, reports Berify. Forty-four percent of hobbyists also said they’d experienced theft. And for every professional photograph stolen and used illegally, photographers and photo agencies lose around $446. So who’s to blame for the lost money and stolen images? Thanks to platforms such as Instagram, Pinterest and Tumblr, bloggers and social media users do the most photo-stealing, followed by commercial businesses and individual professionals.

Related: 7 Tips to Start Taking Product and Lifestyle Photos for Your Small Business Today, According to a Professional Photographer

Unfortunately, image theft is a widespread problem. Compared to any other country, China has the highest number of cases of digital image copyright infringement, with France coming in second and the U.S. in third. Within the U.S., California specifically has the highest number of these cases — the state makes up one-third of the country’s infringement cases.

To avoid contributing to the problem, next time you want to use someone’s image, make sure you’re allowed to. While all original work is protected by copyright law, whether it’s registered or not, every image might have its own level of permission, so it’s important you do your research first.

Related: 14 Amazingly Free Stock Photo Websites

To learn more about online image theft today, check out Berify’s infographic below.

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What Are Millennials Willing to Give Up for Their Careers? (Infographic)

March 3, 2018 by Asif Nazeer Leave a Comment

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According to a recent study, many millennials say they would end a relationship for a promotion at work.


March 3, 2018

3 min read

Opinions expressed by Entrepreneur contributors are their own.


Millennials often get a bad rap in the workplace, but the reality is many of these young people are extremely hard workers and willing to make sacrifices to get ahead in the workforce.

To find out exactly what these young people are willing to give up for their careers, financial intelligence company Comet surveyed 364 employed millennials who are single and don’t have children and asked them whether, and to what extent, they would put their work before relationships.

Related: 11 Reasons Talented Millennials Get Fired

For many millennials, it’s about the money. With a focus on their finances, 41 percent said they would end a relationship if it meant getting a major promotion at work. In fact, if offered a life-changing promotion, the average surveyed millennial said they would stay single for 11 years, delay marriage for seven years and wait to have kids for eight years. However, while many millennials might give up dating, when it comes to long-term relationships, it’s a different story. To the contrary, millennials are willing to make job sacrifices for a long-term relationship that has a promising future: Over half of respondents said they would give up a career opportunity in exchange for a long-term relationship and 86 percent said they would move to another city if their significant other was offered a better job.

Related: 10 Lucrative Side Gigs for Millennials Looking to Earn Extra Money

While focusing on their careers is one of the reasons the surveyed millennials said they chose to stay single, some avoid relationships for entirely different purposes. The top reason is because they are are “picky.” Others say it is because they haven’t found anyone or dated much, don’t go out enough or simply haven’t found someone they liked enough to date.

Overall, the study found that millennial men were more willing to make sacrifices for their careers than millennial women. According to the research, it would take men an average raise of $21,000 to choose to delay a relationship, while women said it would take a whopping $51,000 to make the same sacrifice. The same was true for delaying marriage and kids. On average, men said a $37,000 raise would influence them to delay marriage, while woman said it would take $93,000. Millennial women were also less likely than men to end a relationship if it meant getting a major promotion or pass on a long-term relationship if it jeopardized their career.

Related: 8 Ways Any Millennial Can Be a Millionaire in 5 Years

To learn more about millennials and the sacrifices they are willing to make for work, check out the infographic below.

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How to Actually Make Sales Using Google Shopping

March 2, 2018 by Asif Nazeer Leave a Comment

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Follow these six Google Shopping tricks to elevate your ecommerce sales.


March 2, 2018

9 min read

Opinions expressed by Entrepreneur contributors are their own.


In theory, Google Shopping is simple. You upload your products to a feed through Google Merchant Center, connect it with Adwords and voila, your product images and price will start to populate on Google’s search results. 

Related: Why Ecommerce Owners Must Create Google Shopping Campaigns

If you are an entrepreneur looking to get started on Google Shopping, Adwards has a video tutorial that walks you through setting up a campaign in under 5 minutes.

Just so you have a visual representation of how Google Shopping works, below you can see how a product from your website will populate via an image after someone conducts a Google Search for the product name. If you have the right Google Shopping strategy, this can be a lucrative way to grow ecommerce sales.

The issue with Google Shopping is that you lack control, which means you can spend a lot of money without being profitable (unless you follow the hacks below). With Google PPC, you bid on keywords and your advertisements will only populate if people search for those specific keywords. I wrote an article on Single Keyword Ad Groups (SKAG) that details how controlled you can get with Google PPC.

Google Shopping pulls in product information from the title of your product along with information on your website, so there are much more search terms that can drive people to your site. Sometimes this can be good, other times, not so good.

Related: Are You Taking Advantage of Google’s Local Inventory Ads?

Here are six hacks that can save you money on your Google Shopping while boosting your profitability. 

1. Optimizing content on your website

Make sure your product titles are strategically selected and the content on the product pages of your website is well optimized.

If you are selling a product from a manufacturer, you’ll want to make sure the title is consistent with what the manufacturer has listed since this will likely be what people search and convert for.

If you have your own brand, it is beneficial to select titles that have keywords with good search volume so people can actually stumble on your product via Google Shopping. 

Having unique content on each product page is an important way to differentiate your brand. If you just copy and paste the same content as a manufacturer or competitor, you could be looking at duplicate content isssues. Google is going to crawl the content on your product pages, so optimize each product page with search terms that can convert.

However, even if you optimize the title and content on each product page, you’ll still drive traffic to your website that won’t convert, which is why the next step on negative keywords is so important.

Related: How to Make at Least $1,000 Your First Month of Ecommerce

2. Negative keywords

I can’t overemphasis how important it is to add negative keywords into each one of your Google Shopping campaigns. This can drastically save you money and increase your performance.

Within your Google Shopping campaign, you’ll want to click on “keywords” and then “search terms” and then segment by “clicks” to see which search terms are eating up the majority of your budget (see below). 

DermWarehouse, an ecommerce skin care brand, was nice enough to allow us to share campaign data for this Entrepreneur article so readers could get a better understanding of the examples we’re referring to. 

Google is trying its hardest to drive people to your site based on keywords on each product page. This doesn’t mean the traffic it is driving to your site will convert.

DermWarehouse sells a popular and trendy brand name Juara. Juara has several products that contain coffee ingredients. Above in the “search terms” report, you can see DermWarehouse converts on keywords pertaining to the brand name Juara (look at the conversions tab). When people searches for just “coffee lotion” they do not convert well. This is an opportunity to add the exact variation of “coffee lotion” as a negative keyword.

If you are having trouble grasping why the search term “coffee lotion” wouldn’t convert for this skincare company, think of how broad of a search term this is. Juara is much more specific, meaning people are deeper into the purchasing funnel when searching for this brand on Google. “Coffee lotion” is more likely an initial search people are typing in, meaning it won’t be as likely to convert. 

Can these more generalized keywords such as “coffee lotion” convert? Absolutely! You have to keep a close eye on your shopping campaigns to monitor what’s converting and pause the poor performers by adding them as a negative keyword. Anytime we see a search term that has over 30 clicks without a conversion, we either lower the bid or add the search term as a negative keyword. 

Related: Set up Your Google AdWords Campaign in 9 Steps

3. Segmentation 

One of the biggest mistakes we see among ecommerce brands is they upload all of their products into one Google Shopping feed and it is a massive free-for-all. 

Sticking with the skin care example, Glytone is a much more popular brand than Juara. This means there are more search terms for Glytone products compared to Juara. If you have one campaign with a $100 daily budget, Glytone would likely eat up 90 percent of the daily budget. Even though Juara isn’t as popular, since it is more niche, it could convert three times higher, which is why it is so important to segment your Google Shopping campaigns. You want all of your products to have a chance to prove whether or not they are profitable for your company. 

I recommend segmenting your Google Shopping campaigns based on the following: 

  • Price of product: $10-$29, $30-$49, $50-69, etc. 
  • Brands: Juara, Glytone, ClarityRX, Alphaeon, etc. 
  • Seasonality: Summer, fall, winter, spring 
  • Top sellers 

Below is an example of campaign segmentation for the top 30 selling products for DermWarehouse. In order to find the top selling products, there was prior segmentation based off of each brand. You can see the day I took the screen shot below, DermWarehouse spent $8.16 on this specific Shopping campaign and generated three conversions for $122 in revenue. This is a 14.95x return on advertising spend. While there wasn’t a lot of money spent at the time of this screen shot, you can see how past data is being used to make Google Shopping work smarter so the campaign is profitable. 

Related: Use This Google AdWords Hack to Lower Costs and Increase Leads

4. Proper bidding

In the example above, you can see how there are different bids (default max CPC bids) for each product. You want to make sure you are bidding strategically based on the price of the product along with your profit margin. 

We recommend taking the price of the product and dividing this by your profit margin. If you have a $100 product and your margins are 50 percent (after all expenses), then you are looking at $50 profit. According to SmartInsights, the standard ecommerce conversion rate percentage is 3.78 percent on desktop devices; on mobile devices, it is 1.14 percent (more on mobile bidding to come). You’d want to take $50 and multiply this by .038 to get a $1.90 bid. This is a good starting point! If you can convert above 3.78 percent on this $100 product, you’d be profitable. 

Too often, ecommerce businesses will have the same bid for each product despite a drastic difference in pricing. This is a major flaw that can hold back your profitability on Google Shopping. 

Related: 4 Ways to Squeeze Every Last Bit of Value From Your Google AdWords Budget

5. Mobile bid adjustments

Any digital markter is going to tell you about the importance of mobile. The issue is that mobile has an ecommerce conversion rate of 1.14 percent, less than half of desktop. 

Most advertisers don’t realize that you can reduce your mobile bid adjustment, which will make your Google Shopping campaigns more profitable.

If you go to “settings” and “devices” you have the option to reduce mobile bidding. In the example below, you can see the mobile bid adjustment has been reduced by 50 percent. This has dropped the average cost per click by more than 50 percent on mobile. This is making our budget work harder on desktop, where all of the conversions have come from. While we don’t want to give up on mobile completely within this campaign, we know it isn’t as profitable as desktop and tablet, hence the 50 percent bid reduction. 
 


Related: 3 Things You Can Do to Improve Your Ad’s Clickthrough Rate and Lower Your Cost Per Click

6. Retargeting

I mentioned earlier that the standard ecommerce conversion rate percentage is 3.78 percent on desktop and 1.14 percent on desktop. This means that 97 out of 100 people who are visiting your website are not converting! 

Make sure you have retargeting set up so after someone drops off your site your branded advertisement will continue to be served for up to 30 days. 

There are advanced features of retargeting called dynamic search retargeting and RLSA (retargeting lists for search ads). For starters, make sure to create your first display retargeting campaign so your brand will stay top of mind to people who drop off your site. 

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Customer Focus

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Entrepreneurs

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Strategy

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Supply Chain

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