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

Archives for September 2018

96% of San Antonio Restaurants Open on Labor Day — Just 53% in Phoenix

September 3, 2018 by Asif Nazeer Leave a Comment

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Labor Day is just around the corner and for restaurant owners, the question of staying open for the holiday is a weighty one. For Labor Day 2017, restaurants in San Antonio had the highest open rates at 96%, with Phoenix delivering the highest close rate at 53%.

According to Square seller data from Labor Day 2017, when it  came to what cities had the most open or closed restaurants, the results were a mixed bag.

Whether talking about a family-owned restaurant or a single franchise, this is a segment dominated by small business owners. And in an industry where the margins averaged around 6% for the past 12 months, according to Forbes, closing is not an option for many operators.

On the Square blog, the company says staying open on a federal holiday should be based on a number of different factors, including the norms of the city in which your restaurant is located. It goes on to say, “While broad trends like this can help you determine what is relatively normal in your region, you shouldn’t base your decision on trends alone. You need to look at the norms in your area, labor costs, and the performance of your business during similar periods.”

Square got its data by studting the activities of restaurants using its products and services (or not using them) over Labor Day 2017. The percentages were taken by comparing restaurants that were open on Labor Day to the number open an average Monday.



Cities with the Most Restaurants Open on Labor Day – and the Least

The cities with the most closed restaurants included a surprising number of large tourist destinations. These included Phoenix at 53%, Orlando at 41%, Honolulu at 35% and Chicago at 35%.

When it came to open restaurants, San Antonio’s 96% was followed by Brooklyn at 89%, Sacramento at 85%, Washington DC at 84% and Seattle rounding out the top five at 83%.

You can look at the graphic below for the list.

96% of San Antonio Restaurants Open on Labor Day -- Just 53% in Phoenix

Things to Consider

If you are looking to stay open on Labor Day, Square recommends a few considerations before you make the decision.

First, Square says you should look at how much business you did on the same holiday in the past. If you don’t have the data for Labor Day, you should look at a similar holiday to see the results.

Based on this, you can make a well-informed decision about whether you should open or close for the day.

Another important factor is the labor cost of staying open. Because labor laws vary by state, and even by county and city according to Square, make sure you will be in the black at the end of the day if you choose to open.

Some of the other factors you should consider include activities in your area which may bring in additional visitors, the number of staff you’ll need to stay open, and whether you want to stay open all day or not.

Happy Labor Day!

Photo via Shutterstock


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Your Digital Marketing Agency: The Ultimate Guide

September 3, 2018 by Asif Nazeer Leave a Comment

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If you’re looking to learn about digital marketing agencies, look no further. That’s because this guide will tell you everything you need to know. We’ll talk about the roles, the work, and what you can expect as a client. In short, this guide to your digital marketing agency is here to help.

 

RELATE ARTICLE: MARKETING FOR NON-MARKETERS: GET GOOD AT IT BY LEARNING TO LOVE IT

 

What Is Digital Marketing?

Digital marketing is marketing that you do online. Basically, digital marketing agencies engage in the following six disciplines:

1. Search Engine Optimization (SEO)

If your site has robust SEO, it will rank higher on search engines such as Google, Bing, and Yahoo. This means your prospective customers can find you more easily.

SEO relies heavily on keyword research. Further, the process involves building links, optimizing content, and improving your site overall. All of these things will make your site more search-engine-friendly.

What’s more, continuously improving your SEO needs to be a long-term strategy.

2. Paid Search Advertising (PPC [Pay Per Click])

If quick visibility is key, then PPC is for you. Also called “paid search advertising,” PPC involves advertising on Google and Bing. With a PPC ad, your site will be displayed above organic search results. Then, Google and Bing charge your account whenever anyone clicks on your ad.

In contrast to developing your long-term SEO game plan, PPC works as a short-term strategy. However, it goes hand-in-hand with SEO. Both SEO and PPC are forms of search engine marketing.

3. Content Marketing

Content marketing involves creating quality content. Think images, videos, blogs, and articles. Quality content is a big part of robust SEO. Plus, content is a great way of building a brand and engaging users. However, this is true only if your content is interesting, engaging, and informative.

4. Social Media Marketing

Social media marketing involves managing social media accounts. In other words, you engage on sites such as Facebook, Twitter, and Instagram. Your posts on these channels will help to spread the word about your brand.

As with content marketing, it involves creating engaging content for your followers. Additionally, it includes paid advertising on social media platforms.

Social media marketing is primarily about engaging users and driving traffic to your website.

5. Influencer and Affiliate Marketing

Influencer marketing happens when you persuade people who have lots of followers on social media to market your business on their sites.

Similarly, affiliate marketing involves collaborating with industry experts (affiliates) to market your business through content creation, often on their blogs.

These forms of marketing are especially great for driving sales of your products.

6. Email Marketing

Email marketing is a form of direct marketing. Using mailer tools and subscriber lists, you target specific consumers. Then you approach them through their email inbox.

In your messages, you can inform them about your products. Alternatively, you can pass along information or special offers.

digital marketing 2

 

Digital Marketing Agency Roles

As for who does what in an agency, below is an overall summary.

Executives and experts do the actual work on the campaign. Perhaps they will optimize a site for SEO. Or they might manage posting for social media marketing. Regardless of the specific task, you can count on having at least one of these experts working on your account.

Large agencies with big clients who spend a lot of money generally have someone who oversees the work of the experts. Account managers are the people who make sure everything runs smoothly for those big-spending clients.

  • Marketing or Department Managers

You’ll generally find marketing or department managers in smaller agencies. Their roles are similar to those of account managers. They help to ensure that all goes well with clients’ accounts.

Department heads oversee the individual departments. They are ultimately accountable for clients’ campaigns and strategies.

Directors sit at the top of the organization and supervise the work of the department heads.

Naturally, these roles can vary widely from agency to agency. For example, in some large agencies there are separate department managers for PPC, content, social media, and so on. Additionally, some agencies employ creatives such as web developers and graphic designers.

digital marketing 3

 

What to Expect from Your Digital Marketing Agency

Always look first at the services the agencies offer. A good agency will offer only a few services. However, a great agency will offer all forms of digital marketing. Below is a checklist to help you make your decision:

  • Look for agencies that have a portfolio of work.
  • Review their case studies and read testimonials from other clients.
  • Make sure your digital marketing agency understands your vision of your company.
  • Inquire about how the agency communicates and reports. You’ll want to receive regular updates on your campaign.
  • Make sure you will have a point of contact at the agency.
  • Before you sign on, be sure that your agency will be willing to make changes if your campaign is not yielding results.
  • Ensure that you can trust your digital marketing agency to report honestly to you.
  • Finally, make sure you relate well with the people at the agency. You’ll be working closely with these people. Therefore, a friendly working relationship with them is key.

Finally

An investment in digital marketing—with the right agency—will pay off in spades for your company. We hope we have helped you to understand how it all works with this post.

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The 6 Best Ways Leaders Can Inspire Their Teams (Infographic)

September 2, 2018 by Asif Nazeer Leave a Comment

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Being an inspirational leader takes empathy, centeredness and clarity.


September
2, 2018

2 min read


One of the most effective traits of a leader is their ability to inspire and motivate a team. As a leader, you have to lead by example and the tone you set will resonate with the rest of your employees.

Related: What’s the Secret to Becoming a Leader? Stop Being a Boss.

So what’s the best way to inspire your team? For starters, show your team that you care just as much about them individually as you do about the business. That means asking questions about their personal lives and getting to know them outside of the office. Lead with both your heart and head, thinking equally about your employees and the business, and balancing empathy with management. Not only that, but you should continuously find ways to support the professional development of your employees, listen and learn to what they have to say and value the input of each and every member.

Related: 5 Keys to Inspiring Leadership, No Matter Your Style

Having trouble effectively inspiring and leading your team? Don’t worry, according to science, leadership is something that can be learned. In fact, only 24 percent of leadership skills are genetic, and the remaining 76 percent are learned. Overall, the top trait of inspirational leaders is centeredness, meaning the ability to stay calm under stress, empathize, listen carefully and remain present. After centeredness comes clarity, balance and self-awareness.

To learn more about inspirational leadership, check out InitiativeOne’s infographic below.

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The Hemp Business Is Booming (Infographic)

September 1, 2018 by Asif Nazeer Leave a Comment

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Looking for a new business idea? Take a look at the hemp industry.


September
1, 2018

2 min read


As recreational and medical marijuana slowly becomes legal in states across the country, the business of hemp is also booming. In 2017, $820 million worth of legal hemp products were sold in the United States alone. Given this number, it’s clear that there’s a demand for hemp and businesses are popping up everywhere to serve it.

Related: Need a Business Idea? Here are 55

Just last year, hemp was grown in 19 states, covering nearly 26,000 acres of land, 1,456 licenses were issued to grow hemp and 32 U.S. universities were conducting hemp-related research. People are using hemp in CBD products, personal care items and even food because it provides a number of health benefits. In food, hemp can help with digestion, reduce risk of heart disease, improve skin conditions including acne and eczema and reduce menstrual symptoms in women.

Related: How This Investor Blazed a Path to Success in the Cannabis Industry

While hemp might seem like a new phenomenon, its history dates back to the 1600s when growing hemp was encouraged for use in sails, ropes and clothing. However, in the 1900s, hemp was frowned upon by the government: in 1937, the Marijuana Tax Act banned hemp and marijuana cultivation. Yet, it wasn’t before long that industries realized the crop’s benefits: In the 1940s, the government launched its “Hemp for Victory” program encouraging farmers to grow hemp to contribute to the war efforts and to be used in ropes, parachutes and other necessities. However, after the war, the laws went back to banning hemp. But in 2014 the U.S. Farm Bill was passed, allowing people to cultivate hemp as long as they registered and received a license.

Related: 5 Reasons Why Diversity, Equity and Inclusion Are Essential in the Cannabis Industry Business

Today, like marijuana, hemp laws vary by state. But with its growing popularity, it’s likely hemp will become legal in more states — and businesses are capitalizing off the opportunity. To learn more, check out Popular CBD Brand’s infographic below.

Hemp-oil

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