Tag: social media

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The Importance of Social Media and Entrepreneurship

Did you know over seventy percent of consumers are willing to make a purchase or work with your business due to a personal interaction on social media? Furthermore, roughly eighty percent of marketing experts today report social media data essential to making decisions and running their company. In other words, without social media, they wouldn’t have the success they are seeing today.

 

Reasons social media is important as an entrepreneur:

 

To Communicate with Your Target Audience

In this century, you will not be successful if you don’t use your customers’ platforms. Social media is one of the most popular things to do on the internet. If you want to find your target audience and communicate with them effectively, you must use their platforms.

However, you can’t just use any social media platform you want. First, you need to be sure the one you choose is where your target audience is. For example, if your business targets those between sixteen to thirty-four years old, TikTok is likely a great social media platform to reach them.

 

To Keep Up with Industry Trends

People use social media to share anything they care about or are interested in, making it a great tool to discover trending topics within your industry or market. This requires paying attention to your customers’ content, what content they engage with, and what they say, such as the hashtags they use.

 

To Increase Brand Awareness

It’s simple. People can’t find your online business if they don’t know you exist. Having a website is one way to do this but relies on other marketing strategies like search engine optimization to get your target audience to find you. Social media can easily boost your brand awareness by exposing what you do and how you provide value in more than one place.

 

To Keep Track of Competition

Finally, but certainly not least, social media makes it easier to keep track of your competition. Keeping track of your competition is not to be used to copy. Instead, it is used to understand your target audience better and improve your own products, communication, and marketing strategies to make a more significant impact.

 

Overall, social media is a must-have marketing tool for all entrepreneurs. Social media, such as Facebook or Instagram, helps find more of your target audience, keep up with industry trends, and further increase the awareness of your brand. It can also make communication with your customers easier and help you stay ahead of your competition as you can more easily keep track of them.

 

 

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Five Steps to Launching a Social Media Management Company

One of the most important parts of a business includes its marketing plan. In this day and age, this marketing plan will often and should consist of social media. A social media management company takes charge of your business accounts with Facebook, Instagram, YouTube, and more. They help create content that better communicates to your target audience to further increase your sales and profits with the help of social media.

 

With everyone requiring social media management to increase their awareness and profitability, social media management agencies are highly demanded. Starting a social media management company may be a good fit if you enjoy updating content on social media pages and keeping the engagement going.

 

Here are five steps to follow to launch a profitable social media management company:

 

Step One: Choose a Niche and Create a Portfolio

While it is important to familiarize yourself with each online platform, it is more important to find the ones you believe are the most valuable and become an expert instead. For example, your business runs on the ideas of using YouTube, Pinterest, and a WordPress blog together to market their brand effectively. This would be your niche and strategy to advertise and market to find your potential audience.

 

Step Two: Develop a Strong Value Proposition

Once you find your niche, determine what value you have to offer compared to your competition. How are you different, and what can your customers expect from you after purchasing and using your social media management services? The value proposition would be using YouTube and Pinterest to provide immersive and educational content to your audience from the example above.

 

Step Three: Create Packages and Determine Your Pricing

After determining your niche and value, it is best to create different package levels and price them accordingly. For example, you could have beginner, medium, and advanced packages that are more affordable and give them just a taste of what it would be like to work with your company.

 

Step Four: Hire the Right Team

A social media management company is not scalable on your own. This means you need to hire a professional team that is well educated on social media and how to use it. In addition, a team ensures you can take on more clients to generate more revenue each month.

 

Step Five: Perfect Your Content Strategies and Procedures

Finally, but certainly not least, always invest in proper training and education to improve your packages or offerings. The more you enhance your strategies and procedures, the more clients you can bring on while producing high results. Not only that, but social media is also always adapting, and to be successful within this industry, you must keep up too.

 

Be sure to follow these five steps if you want to start and grow a profitable social media management company. Remember, nearly sixty-eight percent of consumers say they use social media to influence their purchasing decisions. This means if companies want to be successful, onboarding a social media company is crucial.

 

 

 

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Five Steps to Creating an Amazon Kindle eBooks Business

Kindle publishing has the potential to create a six-figure or more business. With Kindle Direct Publishing, any writer can now publish their books, grow their audience without an established publisher, and still generate large profits. In fact, Amazon allows writers to create the stories they want and keep control of their products. Making Kindle Direct Publishing a powerful business model to choose if you are a writer or desire to become one.

 

These five steps will help you to create and run a profitable Amazon Kindle eBook business.

 

Step One: Find Your Amazon Kindle Books Category or Niche

Research through the top sellers in the Kindle store to see which genre inspires you the most. These genres let you know what products are in demand. While you want to create your own story, you still need to find and develop one people search for on Amazon to build a profitable business. Even if you author a terrific book, you won’t have a great time selling it if people are not interested in the genre.

Step Two: Create an Amazon Seller Account

To sell your books on Amazon, you must own and pay for an Amazon Seller Account. This costs about $39.99 a month plus any royalty fees, depending on the size of your book. For example, if you price your book below $2.99 and above $9.99, you will be charged a 30% royalty fee for using Amazon’s services.

 

Step Three: Develop Eye-Catching Book Covers

The first thing readers see is your book cover and title, so make it eye-catching. Your readers should get a basic understanding of what genre they will read just by looking at the cover. For example, a romantic novel will have a couple cuddling, while a beginner’s guide to cooking will want to have food and cooking equipment to draw in the right readers.

 

Step Four: Write Quality Content and Descriptions

The most crucial step of all is to create a story or book worth reading. To make a profitable Amazon eBook business, you need to create a series or more than one book on related topics. This way, you create fans of your work who will read your new books no matter what as they know they will enjoy your genre.

 

Step Five: Tease and Promote Your Books

Before your book officially launches, let your readers know what is about to come. Take parts of your book and create short stories, guides, or templates that can be useful or valuable to your audience now or until they can purchase the full book.

 

Follow these five steps to launch and run a successful and highly profitable Amazon Kindle eBooks business. The more quality content you write and share on the platform, the more revenue you will generate.

 

Common Community Building Obstacles that Can Hinder Your Success

 

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How to Make Money Starting an Amazon Private Label Products Business

In 2020, over half of the private-label sellers using Amazon FBA earned five thousand dollars or more in sales each month. In fact, this business model is so successful that roughly seventy-one percent of sellers on Amazon use private label products. A manufacturer creates private label products that allow you to put your own logo on them and then sell it to your audience for a profit. With this method, the products you can create are endless, from beauty products to pet treats to kitchen utensils and more. If there is a product you want to sell, a private label manufacturer is waiting to make it.

 

These five important tips to follow to grow a profitable Amazon private label products business will expand your understanding and get you started right.

 

Source the Right Product

Don’t list the first private label product you find just because you think the product or idea is popular. You must first ask for samples to test the product’s quality and find the best version while keeping costs low. Private label products require purchasing large quantities of an item to lower the price per unit costs and increase your profit margins.

 

Design an Attractive Logo and Packaging

Just like any physical product on Amazon or in stores, you need attractive packaging to educate and entice people to purchase your products. In addition, sophisticated packaging and logo insinuate that your products are more valuable, thus allowing you to increase the price of your product.

 

Create an Amazon FBA Account and Optimize Your Amazon Listing

You can offer private label products without starting an Amazon FBA account. Once you open your account and verify your identity, you will start listing your products or registering for the Amazon brand registry that gives you even more control of your products. From there, you can start listing your products. Be sure to fill everything in as specified to the best of your ability, and don’t skip a box. The more information you provide, the easier buyers can find you.

 

Strive for More Reviews

It’s simple, the more reviews your product has, the higher you appear on buyers’ search feeds. Include inserts or automatic emails that go out once a purchase is made or delivered to ask for their review. Be sure to avoid exchanging reviews for free products or discounts as this is against Amazon’s terms of service.

 

Price Your Products Correctly but Competitively

Take a moment to research your competition on the platform and see what prices they are offering. Unless you have an obviously superior product with the information to back it up, don’t expect to exceed these prices too much. Remember, competition is healthy, and starting a price war is the last thing you want to do.

 

Finding valuable products is the first step to starting a profitable business. If you don’t offer the right product based on your ideal audience’s wants and needs, it won’t matter what you do after, as the product is the most important part of this business model.

 

 

 

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Building Trust Within Your Community Is Vital

The secret to creating more revenue, attracting more customers, and creating high brand recognition starts with trust. Showing your customers by your actions that they can trust you and that you will be there to support them is how you grow loyal advocates for your brand. The brand advocates then do a lot of the marketing work by sharing your content and making purchases.

 

When consumers believe in your brand, product, or services, they are more likely to share them with others. Without trust, you simply won’t have customers or a community. In fact, a 2019 Edelman Trust Barometer Report states that 81% of consumers reported trust as their main contributor to making a purchase. Thus, showing you just how important trust is to your success as a company.

 

The following are five ways to build trust within your community to grow your business successfully:

 

Offer Superior Customer Support

 

First and most importantly, your customers or community members must come first. Your support should be as consumer-centric as you can make it. Use the technology at your fingertips by using automated systems like FAQs, Bots, and files with information to help your audience and members feel supported. If your community is very large and active and you’re spending more than 30 minutes a day on customer care, it’s time to hire a customer service, virtual assistant.

 

Share and Encourage User-Generated Content

 

One of the advantages of having a community is all the user-generated content created. You can use a lot of this content in numerous ways, from creating a new blog post answering someone’s question, compiling your members’ answers to questions into a blog post, and even creating a joint book that you can publish on Kindle. It’s really up to you and your imagination to accomplish all the user-generated content you will cause to be created.

 

Ask for Honest Public Reviews

 

Use your community as a way to get genuine and honest feedback. If you seem open to criticism, your community who already loves you will be happy to assist you with making your community and products and services better. You just have to ask and listen.

 

Show Behind-The-Scenes Content

 

This is a fantastic way to get closer to your members and make them feel like true VIPs. Bring them behind the scenes and show them what you do daily. Even if they never want to do it themselves, people love this humanizing content as it brings them much closer to you on a human level.

 

Keep Your Branding Consistent

 

Remember that within your communities, your branding should be very consistent and noticeable. Whether you’re on Facebook or YouTube or your own coded message board community, your audience needs to realize it’s your brand without much thought due to your strong and consistent branding efforts. Your messaging, imaging, and content all need to have the same message regardless of where it is published.

 

Overall, there are several ways you can establish trust within your community. Listening, supporting, and guiding them to success is the only way to establish it. In other words, putting your customers first and making sure they are successful will lead you to success as well. Building trust shouldn’t be hard if you have good products that truly solve your target audience’s problem.

 

How Community Member-To-Member Engagement Grows Your Business

 

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Communities Foster Customer Success: Here’s How

Building a community around your brand may sound like a personal choice and more valuable to your business than your customers. However, it is quite the opposite. Your community allows your customers or members to be more successful in many different ways.

 

Well-run communities are packed full of valuable information and engagement to enable your members to feel more important and empowered. In addition, maintaining their loyalty is easier in a community as you can provide both traditional and self-serve support — meaning you no longer need to rely on normal business hours to value your customers.

 

Here are five ways communities foster customer success:

 

You Provide High-Quality Relevant Content

 

By using your communities as a distribution platform for your most relevant and high-quality content, you’ll be keeping your customers engaged every single day and, more importantly, twenty-four hours a day by giving them access to the vital information they need to solve their problems.

 

You and Members Build Strong Human Connections and Relationships

 

The exchanges with your members and the interactions members have together build strong connections and even develop relationships outside of your membership, forum, or group. When your members become attached to everyone else in the group, you truly will build brand advocates who will tell others about your community.

 

You Can Develop Improved Products and Services

 

By hanging out with your ideal customers, you will receive the most amazing insight into what they really need. When you see problems that they talk about, it will generate more ideas. Make it simple for your members to ask questions, comment, and discuss all the issues relating to why your community exists, and soon you’ll have a never-ending supply of product and service ideas.

 

You Can Provide (and receive) Inspiration and Empowerment

 

Having a captive audience via a forum, group, and community is one of the most powerful ways to provide your ideal audience inspiration and to empower them with the knowledge they need to use your products and services (or the ones you recommend) to create the life they want based on your particular niche.

 

They Receive Daily Communication and Motivating Interaction

 

Finding a way to stay at the top of your audience’s mind is another reason community building is effective. When your members receive daily communication from you that encourages them to act on their goals and dreams and to brag about it or ask questions about it within your community, it’s very motivating to everyone.

 

When it comes down to it, brand communities support your customers more while also taking your business to the next level. The improved customer support, daily interactions, and communication through publishing unique and useful content drive your customers to success. What is even more important is that communities prevent you from ignoring your customers. The more you listen and prove that you are hearing, the more successful your business will be. Likewise, the more successful your customers are, the more successful you are.

 

 

How Community Member-To-Member Engagement Grows Your Business

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Five Important Ways Communities Increase Brand Loyalty

Brand loyalty is what makes the effort of building and moderating an online or brand community so important. Member-to-member interaction, social proof, and the quality content provided within the groups inspire them to stay around and seek more.

 

These relationships also fuel them to share your communities or become brand advocates. Thus, saving you even more money while also increasing your potential to reach more people.

 

In other words, brand loyalty is essential to not only solidify current success but future success too. To grow a profitable and sustainable business, building a branded community is essential.

 

The following are five important ways communities increase brand loyalty:

 

Business-To-Member Communication

 

Communicating with your customers directly is an amazing invention of modern times. In the old days, you had to advertise on TV, radio, or various print means and wait to see what happened. So, it could be hard to tell if it worked for the reasons you think it did.

 

Now you can simply tell your members directly about your offers without the go-between. You can see when they view a message or respond to it and even see them talking to their friends in the group. But most of all, getting to send them a message right now that they’re going to get directly from you is an amazing thing and will keep you at the top of their mind.

 

Valuable and Engaging Content

 

It’s very important to understand that publishing anything just to put it in your community is not the goal. You want the content you publish and share with them to be valuable and engaging. You want them to look forward to seeing the latest content you share every day.

 

You want them to wait for it, excited for it to appear. However, that will only happen if you take the time to create desirable content based on what you know about them and how it relates to their need to use your solutions and products.

 

Member-To-Member Communication

 

This is one of the most important parts of building a community that will change everything for your business. Once your members start talking to each other about their lives, and your products and services, and how they help or don’t help, you’re going to end up getting the most invaluable information ever that will help you improve your products and make them think you’re a mind reader.

 

Special Offers or Member Discounts

 

If you promote outside your membership group or community, a terrific way to make the members feel special is to offer them some form of reward or a loyalty program. So many big businesses don’t understand how much it harms their relationship with their customer when they offer the new deals only to their new customers. Offer your members things you don’t offer anyone else because they are important.

 

Superior Customer Experience and Service

 

When you engage and spend time with your community every day, you provide customer care directly. As a result, they will perceive their customer service as better because they feel heard.

The more you nurture your customers and seek a relationship with them, the more likely they will become loyal customers or followers of your brand. Loyal customers advocate for your business and ensure the success of your brand now and in the future. Work always to keep your community engaged, be involved in the process, ask for feedback and reward them for improving your brand loyalty.

 

Six Ways to Use Communities to Promote Your Products

 

 

 

 

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Six Ways to Use Communities to Promote Your Products

Using communities to promote your products is by far one of the most effective ways to increase your revenue and loyalty to your brand. Sharing products within your community, or similar ones as an affiliate, is successful because the people within these groups are already interested and likely looking to purchase.

 

However, just because you share the products doesn’t mean it will automatically be successful. Sometimes you need to think creatively to promote your products without being so direct. Over promotion or creating content that looks too much like normal advertisements won’t get you anywhere. In fact, that will likely turn your audience away.

 

The following are six ways to use your brand community to promote your products and services more successfully:

 

Run a Giveaway

 

This is an effective way to just get the word out about your products without having to spend money on an advertisement or even a sales page. What you do is host a giveaway that you ask for entries too.

 

The entry can just consist of them providing their email address and name or other information that you decide. You can make this work using your email marketing software like Aweber, a Google Form, and your website to host the form.

 

Please keep it simple, but every single chance you can promote the contest, which is also promoting your business since entries are completed on your website where they can clearly see your offers. Plus, once they enter, they are now on your email list too.

 

Then when someone wins, promote the winner too, and again, this gives you a chance to go over what the product is and why it’s so great in public. You can then take this chance to give everyone who submitted a coupon and then everyone who is currently reading, a different coupon to buy.

 

Host a Contest

 

You can run the contest a lot like the giveaway in terms of the technology you use. You just need to make a form using a form maker like Google Forms, Gravity Forms, or even Acuity Scheduling. The concept is much the same, but you’re asking for something more than email addresses to participate this time.

 

The prize you offer should always be one of your products, services, or an affiliate’s products and or services so that each time you promote the contest, you are also promoting the product or service.

 

The other way to host a contest, with a required entry fee. For example, let’s say you’re an art teacher and your main product is courses for doing art in some way. You may want to offer your students a chance to win prizes that you can either buy with the fees collected or that you can ask vendors to sponsor, or you can pay for yourself. The press you get from promoting the contest, and the participants and winners will be worth it.

 

Hire Someone

 

One way to keep your community hopping is to hire people to work in the community. For example, you can hire a VA who will run your contests, promote your products, and drive engagement on your behalf. Outsourcing and reducing your workload will help you earn more money by freeing you to create more products and services and participate in engagement more.

 

Develop an Affiliate Program

 

If you have even one product, especially if it’s digital, consider having an affiliate program. When you set this up, you can promote all your products and services individually, or just some of them, or just the membership community itself. Again, it’s up to you, but having this type of system will increase revenue exponentially, even if it’s only used as a referral system for your members.

 

Ask for Feedback and Reviews

 

Use your group and the discussion boards you create to ask for feedback and reviews on your products and services that you can use on your sales pages, in promotions, and more. If you sell your products anywhere outside your group, you can even use the group to point out all the places you sell them, so they will feel free to give you reviews on those other platforms, too, where permitted.

 

Run a Live Demo or How-To-Presentation

 

A really fun way to use your brand community is to “go live,” as they like to say on Facebook to demonstrate your product, talk about an issue, or give a how-to presentation on using something you sell or are promoting as an affiliate. People love participating in live events, even if they’re unplanned and last minute. The good news is that they are recorded and can be enjoyed and repurposed at any time.

 

If you plan to build a community or use other communities to share your products, you need to create content that doesn’t feel too pushy or promotional. The more you understand your target audience, get them involved, and provide real value, the more you gain more revenue. With these six selling techniques, you can be sure that your promotions work every time.

 

 

 

 

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Five Ways Communities Increase Business Revenue

Communities provide more to your business than just brand awareness, credibility, and loyalty. A branded community also offers more potential to increase your business revenue. And hey, you want to make money, right? I mean, that is part of the reason to start a business.

 

The possibility to increase your revenue means building a brand community is not something you should avoid or skip over, even if it sounds like a lot of work to you. It can be a lot of work, true, but the payoff is enormous if done right.

 

Communities offer one of the largest returns on investments and monetizing it will only provide more value to your members anyway. The more you make, the more you can give your community.

 

Here are five ways to monetize your brand community and increase your business revenue:

 

  1. Digital Products – Promote various digital products from eBooks, reports, templates, images, art, infographics, software, and more. If you can create it or pay someone to make it for you, and it’s digital, you should do it. Digital products are the best type because it doesn’t cost more to generate more of them. Your cost is tied up in the first creation, and that’s it. So, you can promote every single new product you create right in your group without paying for one advertisement.

 

  1. Entrance Fees or Competitions – You can actually monetize your community by making part of it members only for a fee. You can also host various competitions around your niche and ask for a fee for processing the entry – alternatively, you can ask for sponsors to pay for the competition. Be sure to read the rules of the platform and your locality before asking for contest fees, but in most areas, especially in the arts, it’s acceptable to ask for a small entrance processing fee.

 

  1. Exclusive Access Content – If you want to host a workshop, a webinar, or even private YOUTUBE videos, you can provide a special link for people to pay for entrance to view the exclusive VIP content. Using tools like Patreon and other platforms that allow you to provide access to exclusive content is key here.

 

  1. Brand Merchandise – Don’t laugh, but once your community reaches a certain point, they will want merch like t-shirts, coloring books, mugs, stickers, journals, and more that you create and offer to them because they like you that much. It really depends on your niche, of course, but if you have a great tagline and responsive members, try a t-shirt campaign first using drop-shipping instead of spending money upfront for the merch. Then, once you know you have enough interest, you can look for better options.

 

  1. Affiliate Products or Sponsored Content – A really fun way to make more money is to promote other people’s products by signing up as an affiliate or by accepting a fee upfront for sponsored content. Influencers do this all the time, and even if you don’t think of yourself that way, you are an influencer as a business owner who runs a brand community.

Choose Affiliate Promotions That Make Sense for Your Business

Overall, the potential to monetize your community is nearly endless, and the possibilities ultimately depend on your niche and goals as a business. However, these options can work for just about any industry and take your business to new earning potential. The great thing about promoting items for sale in a branded community is that customers who join these communities expect to see promotions and be offered amazing deals. They are ready to buy if you’re ready to provide them with what they want.

 

 

 

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Three Ways Online Communities Improve your Products and Services

One major benefit of online communities to the owner and business is that all the members’ information is available when engaging with others in the group or the content you publish. This information will help you re-work and improve your products and services to keep them interested and buying more.

 

When you think about this fact, it means that communities are just as important to you as they are to the members who join. It’s simple, the more you know what your audience wants, the better you can deliver a high-quality and valuable product or service to them in the way they want it to be delivered.

 

Online communities improve your products and services in the following three ways:

 

Through Specific Feedback and Reviews

Day 3 Increasing Traffic, Subscribers & Customers To Boost Your Bottom Line

Generating various ideas and insights by asking for and receiving feedback and reviews from your community is very effective. If you make it easy for them to leave their thoughts and even reward them for doing so, you can encourage them to provide deep insight that can affect future products and services substantially.

 

You can take an especially well-written and delightful review and turn it into a blog post, place it on your website sales page, or even turn it into a case study to help encourage more people to buy that product or service.

 

Through Commonly Asked Questions and Frustrations

 

Being a part of your community gives your audience a chance to ask questions and even express frustrations. You can do this by using simple Google Forms if you want to or using your own website and another form creator. Just provide the link to the group members and tell them how to submit their questions or frustrations to you.

 

When you do get the questions in, or the frustrations are expressed, use that information to help each person directly but also use it to design a current blog post with information that solves these problems or directs them as to where they can find a solution if it’s not through your products or services.

 

Through Education and Member-To-Member Interaction

 

Each time you provide content that educates your members, always participate in discussing the information you provided. Encourage the member-to-member interaction and discussion by calling out particular experts or members who have already been educated in that regard. And remember, all of the discussions and user-generated content on your membership site, community boards, or groups are yours to use as you will as long as you set up permissions when they joined.

 

As you grow your community, please take advantage of these options to see how your members feel about your current products or what they are searching for to help solve their problems. These options provide you with more information that can be used to generate even more content. It also gets them engaged and makes them feel like they are valuable and a part of something important.