Small business owners face enormous challenges marketing
against larger competitors but leveraging the power
of the Internet to market locally offers them flexibility,
creativity and growth that bigger organizations struggle
to match.
If you run a small business, you are a vital part of
our national economy. Twenty four million small businesses
in the United States create two out of three new jobs,
account for almost 40 percent of the U.S. gross national
product, and produce two and one half times as many
innovations per employee as do larger firms.
In fact, small firms:
- Represent 99.7 percent of all employer firms
- Employ half of all private sector employees
- Pay 45 percent of total U.S. private payroll
- Have generated 60 to 80 percent of net new jobs
annually over the last decade
- Are employers of 41 percent of high tech workers
(such as scientists, engineers, and computer workers),
and
- Are 53 percent home-based and 3 percent franchises
It's
no wonder so many people start small businesses. Running
your own business allows flexibility and inventiveness
hard to come by in larger organizations. Creating your
own success story has long been part of the American
Dream. But beyond the dreams of freedom and success
most small business owners hope for, the numbers tell
a different story: both government data and research
from Dun and Bradstreet shows that some nine of 10 new
small businesses fail within the first few years.
Why is it so hard for small businesses to make
it?
In a recent survey, Dun and Bradstreet found that
90% of small business failures were due to a lack of
knowledge and skill on the part of the owner. SCORE
reports that in 70% of all small business failures,
a key factor was the owner not recognizing a weakness
and then not seeking expert assistance.
Another reason small businesses struggle is that they
are often outspent in marketing by larger competitors,
and lose by trying to compete head on. Many companies
typically spend 30 percent or more of their budgets
on marketing. For a small business owner looking at
the size of his competition, the math can be overwhelming.
It's no longer true, if it ever was, that if you build
a better mouse trap the world will beat a path to your
door. Small business owners need to find creative new
ways to tell people about their mousetraps, and get
them talking and excited to buy.
Although it's easy for owners to be overwhelmed by
the challenges they face, small businesses are a fascinating
story to cover. It helps to keep in mind that very few
of today's largest and most powerful corporations even
existed a few decades ago.
Google didn't even exist 10 years ago, and today it's
threatening Microsoft. Microsoft itself didn't exist
30 years ago, and it laid siege to IBM. Apple Computer
was founded in 1976, CNN and Whole Foods in 1980, AOL
in 1985, and YouTube in 2005. They all started out as
small businesses.
A key component in each organization's success was
powerful, creative marketing, starting with only limited
resources, but based on great ideas, combined with an
entrepreneurial, “maverick” approach.
Small Has Unique Advantages
Some small
businesses have built sizable influence and presence
in remarkably innovative ways:
Community Bank: One local bank
focused a marketing campaign around identity theft.
A 'shredding day' attracted
customers in to shred sensitive documents
and hear about issues and services resulting in
tremendous press coverage.
Ice Cream Store: A local store
called Scoops sent announcements of its opening
to some 400 celebrities. Many wrote back with
signed 'Best Wishes' photos that Scoops framed,
put on the wall, and used to create lots of buzz.
Lingerie Retailer: How can you
compete with Victoria's Secret One New York outfit
stenciled their message (with environmentally-safe,
washable paints) on
sidewalks outside the convention center and other
high-traffic areas: From here, it looks like you
could use some new underwear. The city talked
about it for weeks!
—Caroline Melberg |
There are a number of advantages inherent to smaller
companies that can be the basis of a strong brand. Small
businesses often find that choosing what to market and
develop about their brand can be the key to success.
Some common advantages might include:
• Superior Customer Service.
How often have you heard people complain about poor
customer service from large companies with weakly-trained
customer service departments, strange policies, and
difficult-to-navigate bureaucracies?
• Quicker Rollouts.
When planning new products or developing new processes,
small business owners living on the front lines move
faster.
• Pricing Power.
Owners who don't have to pay rent in a big-city high-rise,
manage big travel bills, or lose employee productivity
to long commutes can create great products cheaper.
This is how companies such as Dell got started.
• Unique Craftsmanship.
Smallness can have cachet in itself: a limited-edition
product created with careful craftsmanship commands
high prices.
Small Business Mavericks
Caroline Melberg founded Small Business Mavericks
to help small businesses find creative new ways to attract
new customers and increase their sales. With more than
20 years of experience working with some of the largest
and most successful companies in the world, including
IBM, McCaw Communications, AT&T Wireless, Cingular,
McDonald's, Amazon.com and Motorola, she has spent the
last few years turning her attention to helping small
businesses succeed and prosper.
Caroline realized that small businesses have a fundamental
need for marketing knowledge - particularly knowledge
about marketing their brick and mortar businesses online
- and that without this knowledge, many businesses will
fail. She also knew that because of tight budgets many
small business owners find that hiring outside marketing
help often isn't an option.
By working with small business owners in her consulting
practice, she learned that while many small businesses
have websites, they are not taking advantage of the
hundreds of opportunities they have to use their online
presence to attract new customers to their businesses.
What small business owners needed, she determined, was
a resource that showed them how to affordably leverage
the power of the Internet to market their business locally
online, and uncover creative strategies for increasing
sales.
“My realization was an evolving process,”
says Caroline. “Having spent over 20 years working
with large corporations, I learned that while they may
be large national companies, their customers don't think
about them that way.”
Business is Done Locally
What do customers care about? Caroline explains: “When
a customer visits their local Cingular store to buy
a cell phone, they aren't thinking about how great it
is that they are this large, national company - they
want to know if the phone is going to work where they
work and where they live and drive everyday. The same
is true with every size business, but small businesses
owners particularly are not leveraging the unique power
they have to market locally using the Internet, and
they are missing out on tons of new customers and sales
because of it. Small Business Mavericks was created
to change that. We are experts at helping small business
owners market to their local audience on the Internet.
It is a great time to be a small business owner today
-with the power of the Web, to quote Seth Godin, Small
really IS the new Big.”
Resources Small Businesses Need to Prosper Online
Caroline's mission today is to empower small business
owners willing to offset lack of money with innovation,
and overcome lack of knowledge by learning the skills
they need to dominate in their local market and increase
their sales. This is a type she calls a “Small
Business Maverick.” A Maverick is a business owner
or manager who is fiercely independent. Who doesn't
go along with the crowd. Someone who knows that in order
to succeed today, you've got to be ready to think differently
about how you obtain and keep your best customers.
Small Business Mavericks provides business owners with
a number of ways to:
• Leverage the local power of the Web to attract
new customers
• Increase sales with a limited budget
• Design campaigns that attract attention and
get results
• Create communities that encourage loyalty and
referrals
. . . and much more. Her Small Business Mavericks
website offers small business owners a variety of resources
to help them succeed including Caroline's free weekly
eZine, Small Business Maverick Secrets: How to Market
Your Local Small Biz Online (and Off!), her Small Business
Mavericks blog, free articles on tips for successfully
marketing your small business locally on the Internet,
and her Small Business Mavericks Members Only Forum
where small business owners can post questions and get
answers on anything related to marketing their small
business online.
She also offers an e-Book entitled Local Small Business
Internet Marketing Secrets: Maverick Tactics You Can
Use to Market Your Local Small Biz Online! free to visitors
who subscribe to her eZine.
Comment on Small Business Trends, Change
Caroline can provide your news outlet with insightful
and witty commentary on the marketing challenges facing
small business owners, strategies small business owners
can use to leverage the power of the Internet to market
their businesses locally and increase sales, and how
they can explore creative new ways to attract and keep
their customers.
Locally, she can also help assess the impact of current
and pending legislation on small business owners in
your region, and help develop and fill out a story on
virtually any industry, geographical region, or personality.
Engaging and Informative Speaker
As a speaker, her audiences find her engaging, down-to-earth
and entertaining. Her presentation, David,
Goliath and the Long Tail for Your Small Business
highlights the fact that the principles of the “Long
Tail” that Chris Anderson evangelizes in his trendsetting
book of that name are all about small business. She
teaches how even the largest corporations today are
seeking ways to 'nichefy' themselves to compete with
smaller, more nimble competitors-and how small businesses
can capitalize on this trend. Small business audiences
will be educated and inspired about the power of Maverick
Internet marketing for their own small business.
For more information:
Testimonials:
“Caroline's marketing strategies are cutting-edge,
and thus, far from ordinary. Her background and knowledge
are particularly effective for small to mid-size businesses
looking to find creative ways to attract new customers
and grow sales.”
- Terry Gruggen, President, Gruggen Buckley
“Caroline has collected an enormously useful
set of tools and resources gathered over years of expereince
that present instructive tales about how small businesses
can succeed online. This is a tool small business owners
shouldn't miss!”
- Harry Hutson, Executive Coach and Business Consultant
“As a small business, we basically do it all
on our own - marketing, operations, pricing, promotions,
etc. Your materials are filled with practical, easy-to-understand
advice that has made a huge difference in our business,
and helped us know that we aren't "going it alone"!
Thanks for the great advice!”
- Heidi Hurt, Owner, Kafe Beans, LLC
Small Business Mavericks is a company that specializes
in helping small business owners and managers successfully
market their businesses locally on the Internet . |