Small business is often held together with sweat, creativity and a heavy use of duct tape. (In case you ever wondered where I came up with the term Duct Tape Marketing.) That's the outer reality of small business. The inner reality, the part that most don't see and even the owner of the business might not understand, is more like a living breathing ecosystem.
I didn't really excel in science in school, but to me the parallel is obvious. In an ecosystem, the many parts are dependent upon each other for success. In a small business, this is equally true and just as hard to measure and control.
There are lots of small businesses out there that appear healthy and happy on the outside but are being held back by some component of the overall system. The very first thing you must do is acknowledge this idea of dependant parts. If one isn't thriving, isn't even noticed, others will suffer.
It's very hard to have a healthy business if the employees don't feel appreciated. It's very hard to have a healthy business if clients don't know how your business is unique. It's very hard to have a healthy business if your referral partners don't know who makes an ideal client for your business.
There are countless examples of growing businesses that ignore what I'm suggesting, but I wonder if they are fun places to work and do business with?
Thinking strategically about your own small business ecosystem requires understanding who all the players are, the experience you want them to have with your business, and the tools you need to employ to make this integration happen.
First let's take a look at the major players in the small business ecosystem.
You may have some combination of:
Suspects - folks you've identified that might need what you do
Prospects - those who have responded to your lead activities
Clients- someone who has purchased something
Advocates - purchases lots and tells others
Associates - your staff
Vendors - companies you might purchase from
Partners - companies that might help you produce a product or co-create services and clients
You can define what each of these is in your business, but the strongest businesses understand that they need to embrace, feed and sell each - sometimes in order for one to thrive. For instance, your clients will become stronger advocates or referral sources the more they feel connected to your community of clients, associates and partners.
One of the ways to create these connections among all of the members of your ecosystem is to have and communicate in no uncertain terms your firm's unique core message. That message should contain a clear statement about your brand and how it's unique and who should care. The goal then becomes finding ways for your clients, advocates, partners, and associates to connect to this brand in a way that feeds them.
Technology and a host of new media tools have made the important task of feeding and integrating all of the parties in a small business world much easier.
Let's cover a few examples:
Blogs allow you to produce frequently changing content and interact with clients and prospects
Websites allow you to give access to a great deal of educational content
Web apps like Basecamp allow you to collaborate with clients and partners in real time
Online meeting tools like WebEx give you the ability to hold instant virtual sales presentations and peer-to-peer client conversations
Podcasting can open up doors to new media and give a true voice to the people in your firm
RSS technology allows you to create dynamic content that can be personalized to the individual
CRM systems give you the ability to track a prospect's education process and know when they need more
Social software can give your clients the ability to generate marketing content for you and about you in an environment of trust
Autoresponders can provide education and training whenever it's requested
Intranet styled offerings and even chat platforms make remote and virtual communication with your suppliers and associates simple and seamless
Content management systems can give your firm's employees and clients access to your entire searchable library of documented knowledge
Streaming video and video screen capture makes providing simple help and training a snap
I suspect you get the point from the list above, but, of course, technology itself isn't the answer. It is the beautiful way in which you tap the power it possesses to help meet and exceed your client's expectations, build a thriving community of partners, associates, and advocates around your business, and generate and close more deals, more profitably.
To do this you must embrace new tools, new media, and new technology and figure out how to bend them to serve the goals of feeding your unique small business ecosystem.
Program For Small Business
Having an affiliate program can help you to reach into markets you may have never thought possible. The promise of commission gives your affiliates incentive to think of new and inventive ways to sell your product and motivates them to make the best effort they can towards garnering leads and sales for you. As such, you must remember that your various affiliates are an extension of you, and the things that they do may reflect on you and your business, either in a positive way or a negative one.
What does this mean to you? What it means is that you must run your program with the goals and integrity that you would like to see from another company. For this reason you must have a code of conduct and set of rules for all affiliates to run by.
Exclusivity for Affiliates
You want your customers to think that your product brand is as exclusive as possible. For this reason it is important that your associates and affiliates put forth that exclusivity. You won't have to worry about this being a problem if your brand is not broadcasted on every website. Customers want to feel that they are getting something special, and limiting the number of associates that you bring on may help to bring an exclusive nature to your program. Only let your product be promoted on certain sites, to give forth the type of image that you would want to see.
On the other hand, maybe you want everyone to be able to access your product. In this case, having as many affiliates as you can get can help to broadcast your product even more. However many affiliates you are able to handle is however many you can use. You don't pay for anything but results, so it doesn't hurt to have more people to work for you.
Rules and Regulations for Affiliates
Every affiliate program must have a set of rules and regulations that affiliates must abide by. These are the Terms of Service and they outline the requirements to become and affiliate as well as what is expected of affiliates. This should also outline what can happen if they fail to abide by the TOS and how they may lose their status.
Your TOS must include the things that you wish they would do and would not do, specifically as possible. Let them know what is expected of them, and things that customers will not tolerate. Consider things like:
Spamming. Spamming is against the law and should never be associated with your product. Define what spamming is for them so they know what should and should not take place.
Advertising. Never allow your affiliates to advertise on a controversial site where pornography, bigotry, or other things of that nature are tolerated. This can hurt your business, and somebody who does not know better may think that you and your company are condoning or promoting such behavior. Unless you are, it is best to refrain.
Employee Terms. Let your affiliates know that they are not to be considered as employees of your company. You will not be able to monitor all of their activities but you must make it clear that they are neither your employees nor owners and they cannot represent themselves as such under any circumstances.
Having a great affiliate program can help your business a great deal. Always remember that affiliates are associated with your business and although they may not be employees, your potential customers and colleagues will perceive them as such. They can impact your employees' perception of your company very easily, and with the right impression they can make for great success.
Both John Jantsch & Robert Williams are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
John Jantsch has sinced written about articles on various topics from Small Business, Affiliate Programs and RSS. John Jantsch is a veteran marketing coach, award winning blogger and author of Duct Tape Marketing: The World's Most Practical Small Business Marketing Guide. You can find more information by visiting. John Jantsch's top article generates over 18100 views. to your Favourites.
Robert Williams has sinced written about articles on various topics from Web Development, Affiliate Programs and Fundraising. Robert Paul Williams is the Editor of Work At Home Business Website. Are You Promoting a Product or Service Online? Come Visit WAHBWS to Get Some. Robert Williams's top article generates over 90500 views. to your Favourites.
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