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What’s Your Digital Marketing IQ?

 
We don’t mean how much you know about digital marketing, rather how much you know you know.

Get it?

Got it?

Good.

Now onto more pressing tweets about local sandwich crafters, and rifling through all those doggie photos!

OK, done. Let’s explore the digital marketing intelligence quotient of your Carlsbad small business. According to the ubiquitous Wikipedia, Digital marketing is the promoting of brands using all forms of digital advertising channels to reach consumers. This now includes Television, Radio, Internet, mobile, social media marketing and any other form of digital media.

Which Carlsbad digital marketing avenues are you using to promote your local retail business?

For those Carlsbad businesses out there that already use TV or radio as part of their retail marketing plan, they’ve most likely already integrated some forms of digital marketing into the mix. What’s a TV commercial without a Facebook and Twitter mention these days?

For the rest of us, we’ll concentrate on Internet, mobile, and social media as the main pillars of our local retail business digital marketing scheme. And we’ll look to identify value and return on investment as our major indicators of success.

But how do we measure that success?

First we need to understand the environment we will be using to communicate our products and services. Secondly, we need to set attainable goals for our retail digital marketing. Lastly, we must track the results and actively participate in the success of our digital marketing, or suffer the consequences.

Understanding the environment will up your digital intelligence IQ immediately.

  • How do local people use Facebook or Twitter to communicate?
  • Do they share buying experiences of local businesses?
  • If you ask people to share their consumer experience with your business, where could you direct them?
  • Would an increased knowledge of who your customers are, and why they choose your business allow you to better serve the surrounding community…sell more product or services?

Some easily attainable digital marketing goals for the average Carlsbad retail business could be:

  • Build a website. (Kill three birds and get a no cost mobile website app for your small business when you confirm your Bing Local listing here!)
  • Use e-commerce solutions to sell your products and services while you’re sleeping – or working.
  • Initiate a Facebook Business Page and Twitter account for your retail business.
  • Generate 100 (or 1000) Facebook ‘Likes’ and Twitter ‘Followers’ in the span of one year.
  • Connect your Facebook and Twitter profiles with your business website.
  • Start sending customers an email newsletter – you choose the frequency (monthly, bi-monthly, semi-annual…etc.).

When it comes to digital marketing for the average Carlsbad retail business, the research necessary to understand the environment, and the goal-setting needed to gauge success are the easy and fun parts of owning your digital identity. Tracking your results and actually participating in the success of your localized retail digital marketing is a bit more difficult. Don’t make the mistake of playing around on Facebook all day or waiting for Charlie Sheen’s next tweet. Devote time to all three pillars of your Carlsbad digital marketing plan.

Be sure to track your results and participate in your own local digital marketing success.

If we set goals for using social media and local search to acquire more new local customers, we need to know when we’ve achieved those goals. This means using such things as tracking codes, mobile downloads, referral codes, local phone numbers, or even handwritten notes in a marble notebook.

Whatever your DIY method is, make sure you know what you know about your digital marketing efforts.

We’ve also previously mentioned some low to no cost digital marketing tools to help you calculate success in this old blog post.

  • How many Facebook and Twitter connections resulted in actual feet in the door?
  • How often do your social connections interact with your business online?
  • Have you seen an increase in online visibility of your business across multiple online channels?
  • Did that press release result in any check-ins to your business Foursquare profile?
  • What is the value of your ‘Likes’ and ‘Followers’? (What are your goals for building a group of fans and followers?)

Here’s what eMarketer says about that last one:

How would you calculate the value of your local Facebook Fan?
 

Measuring the Benefits of Social Media for the Retail Business

 
Facebook sounds like it would be a great new way to amplify online customer word of mouth, and Twitter seems like an ideal place to broadcast your new shipment of jock straps or fresh catch of Chilean Sea Bass – but how do you know if your efforts are a waste of time, or a new and cost-effective way to maintain communication with your customers and surrounding local community when they are not actually shopping in your place of business?

Tracking and measuring your progress is key to any digital marketing campaign, social media is just another avenue of exposure to not only showcase your products and services, but also simulcast how the surrounding local community feels about them too!

Even if you are only at the inception point of your small business social media sojourn, tracking should be a primary concern. Don’t make the mistake of planning for success without be able to measure what success amounts to when it comes to your Carlsbad retail business. If you list your business in the Yellowpages, or advertise in the Pennysaver, or even maintain a website and blog, you want to know how effective the marketing communication medium is, and how much did it benefit your bottom line?

Here are some normal benefits you should realize from your small business social media plan:

  • Increased new customer volume
  • Reinforced return customer percentage
  • Decreased negative word of mouth
  • Elevated online local business visibility
  • Amplified (digital) positive word of mouth

The key to making sure your efforts do not go unrewarded is effective tracking. If you know how much is going out the door, doesn’t it make sense to understand how much return on investment is being generated by these efforts?

If you may ‘X’ for a Pennysaver Ad, you want to know exactly how much business that ad generated.

How to measure your social media return on investment?

With social media for the Carlsbad retail small business, the tracking issue is relatively simple – and will continue to evolve. Technology makes it possible for the average small business to conveniently organize social media efforts to maximize return on investment while minimizing time spent managing your marketing portfolio.

Here are some easy ways for you begin tracking your small business social media efforts:

Facebook Analytics

Facebook makes it very easy to see how your page is performing. Simply login to your business Facebook page, and click the ‘View Insights’ link located on the upper right-hand side of your page. This tracking section is split into two sections; Users and Interactions. The Users section gives you all the basic page information; such as fans or likes, active users, and even age and gender info on page viewers.  The Interactions section gives you information on specific page activity – say what wall post was most popular for example.

Facebook makes it easy to track how your connections interact with the page, and what content you place on the page is most popular to them. By understanding even the simplest of tracking metrics you can continually dial-in effective topics of local social media discussion, beneficial promotional offers, and engagement tactics that result in new viewers and content sharing about your business, products, and services.

Trackur

With Trackur, you sign up for a free account and enter the keywords you wish to track. Start with things like, your name or “your town + your business.” You can easily refine the results with some simple search filters, then just sit back and let Trackur scour the web for your chosen keywords. You’ll be able to see at a glance; the date published, source, title, and summary of each item discovered by Trackur. You can then tag discovered items with a positive, negative, or neutral sentiment. This enables you to keep track of who’s saying positive things about you and who’s attacking your online reputation.

Topsy

What Google is to the Internet, Topsy is to social search on Twitter. Ok, maybe that’s a reach, but you can use topsy.com to track your Carlsbad business social media plan performance. See how many of your followers retweeted (shared) your content, and easily filter by hour, day, week, month…you get the picture. A real-time Twitter search engine, for lack of a better term. Think Twitter is a waste of time; prove it by tracking your business tweets via topsy.

There you have the beginnings of an efficient tracking and measurement platform from which to judge your Carlsbad small business social media plan performance. These tools are simple to use and will cost you nothing – at least in terms of entering the social media fray. You’ll soon find with all this information at your fingertips, your thirst for more needs quenching. That usually involves more time, participation, and financial investment. Not to mention more tracking and measurement tools…