Want to put the factors of economic growth to work, without spending a small fortune? Something I am always seeking for my small agency.
Check out our thoughts on creative marketing.
Successful businesses grow. Through better products and processes, they win the favor of customers, increasing their volume and margins. That success often translates into further advantages as they invest in new and better equipment, develop expertise and gain bargaining power with suppliers.
So it’s curious that so many successful businesses fail. Today, in fact, only 13% of the original Fortune 500 companies from 1955 are still around. Once great firms like Bethlehem Steel and RCA no longer exist and others, such as General Motors and IBM have had near-death experiences.
The typical story for why good firms fail is that they somehow lost their way, but as Clayton Christensen explained in The Innovator’s Dilemma, that’s not really true. Yet while he attributes the problem to disruptive innovation, the broader truth is that the likely cause of your business’s future failure is a factor in its success today.
The role of a great publisher is not to predict what readers may want to read, but to help them form their opinions through strong, authoritative journalism. You win in the marketplace not by chasing readers with algorithms, but by attracting them with a superior product. Great journalism can’t be automated, because it is among the most human of endeavors.
Here is an idea of how far some small business marketers go to promote their content marketing.
Consider that at least one marketing guru admonishes his followers to put four or five times as much work into promoting a post as they did into writing it. Amazing.
While that might well work, it’s a bit extreme. However, many successful small business content marketers do spend as much time promoting their posts as they did writing them.
These bloggers advise a 50/50 split between content creation and promotion.
Keep learning: 10 Growth Hacking Tactics … What Would Peter Drucker Say?
If you just rolled your eyes and thought “Great. Now I have twice as much work to do,” I hear that. It is a problem. But consider this:
You could also be getting two, three, or even four times the results from the posts you write.
Some of that promotion work can be automated.
With a little experimentation and some metrics tracking, you can figure out what works best for your audience. Then pare down your promotion tactics to only the most super-effective.
So here is a thought for you. Have you considered partnering with less famous influencers?
Highly targeted micro-influencers can help your small business gain visibility, engage an audience, and promote your products.
In this article, discover how to find and connect with micro-influencers who can help promote a local small business.
Find local micro-influencers
If you look through your social media followers, chances are you’ll find micro-influencers who are already interested in your business or brand.
Promoting your business through micro-influential fans can be much more effective for these reasons:
- It will take less effort to convince them to work with you.
- Your partnership will be more authentic.