Conquering the business landscape

In the aftermath of the recent financial crisis, the Hampshire economy is holding up well. Starting a successful business and sustaining it is a difficult task, but recent surveys have shown that local organisations have continued to perform strongly and successfully. SMEs are making the most of opportunities and growing their businesses. The Sunday Times Fast Track 100 league table ranks UK firms by sales growth.  The average sales growth amongst this year’s firms was 85%, and the group contained a substantial number of Hampshire-based businesses.

Introducing the new wave of Technology

 Portsmouth-based company Vadition source security, networking and data-storage technology from America’s Silicon Valley, which it then sells to banks, television production companies and life-sciences groups via resellers. It was the third fastest growing private UK company in 2010 and this year, the company announced its acquisition of Exclusive Network group. The deal will add important drive to the business and the collaboration means that the breadth of offering is preeminent in the UK and gives them a significant advantage within the marketplace.


Looking after the MAMILS

Portsmouth company Wiggle, sells sports products online to more than 70 countries. The business launched in 1999 in humble surroundings, selling a range of cycle accessories from the back of a cycle shop in the city.  The rise in the popularity of cycling, especially among “MAMILS” (middle aged men in lycra!) added significant momentum to the business. By 2006, Wiggle was offered a deal with equity investor ISIS and HSBC had invested in an £11.5 million “cash out” deal. Through negotiation, company founders were able to maintain a controlling stake in the business and they continue to manage the company today. The company attribute their success to the breadth of their product offering,  promoting a range of about 15,000 products, including bikes and cycling accessories, as well as running and swimming gear. Wiggle has now achieved sales of £55m across 70 different countries in 2009 – 2010.


Water with added Intelligence

Southampton-based i20 Water is an example of a successful ‘green company’ that last year won the Bond Pearce award for Technology and Innovation. Their success is founded on their ability to identify a serious environmental problem and successfully develop a solution that will make a valuable contribution to the problem.  i20 responded to claims by the UN that by 2025, two thirds of the world’s population will have insufficient water. In response, i20 created a solution to the world’s big leakage problem – an integrated system that minimises leakage and burst frequency by remotely, automatically and intelligently optimising pressures in the distribution network. i2O has now installed technology for water companies all over the world, achieving impressive leakage savings and helping to save money. In 2011, i20 water was also named joint winner in the Innovation and Technology category at the 2011 Test Valley Business Awards.

So what’s next for Hampshire business?

Recently Hampshire-based entrepreneur Jenna Rayner and business partner Sam Charles won a competition run by Duncan Bannatyne’s creative agency, Bannatyne Digital, which encouraged young entrepreneurs to pitch their inventions via online video website YouTube.  The pair sent in a video to promote their company,”Freckles and Gilbert”, which sells quirky and colourful cases for laptops, iPads and Kindles. The pair demonstrated the importance of strongbranding for SMEs. Bannatyne Digital rewarded the pair with a prize of £10,000 design and the creation of a company website.

 

 

There is no better time to start your business or expand your current one in Hampshire. Currently, there is plenty of support for businesses in the Hampshire area. Schemes, such as ‘Brand New Forest’, are also successfully improving local trade. This programme is designed to help local businesses become smarter, greener, more efficient and better able to access the support available to them. The Hampshire Ambassadors scheme, run by Hampshire County Council and now in its fifteenth year, also aims to stimulate investment and encourage business development in the county. In addition, despite the recent financial crisis, results from a recent survey show that 98% of private equity investors believe now is the right time to take risks and invest.  Over the coming years, Hampshire businesses will play a key role in delivering the growth and momentum to help drive Britain’s economy  forward.

September’s Top Marketing Tips

  1. Since the Twitter timeline displays tweets as they are posted, your timeline often does not immediately show tweets from users who tweet less frequently. Their tweets are buried by users of more tweeting frequency. Shuush aims to amplify the people that don’t usually get heard, and scale back those with frequent updates.
  2. Dropbox as you may know is the easiest way to sync and share your files online and across computers. Dropbox is a free service that lets you bring all your photos, docs, and videos anywhere. After you install Dropbox on your computer, any file you save to your Dropbox will automatically save to all your computers, your iPhone and iPad and even the Dropbox website! With the Dropbox app, you can take everything that matters to you on the go.
  3. Graphic Design That Works: Successful Design for Logos, Brochures, Promotions, Websites and More. A guide to creating an eye catching and innovative design. This book will help companies looking to grab a consumer’s attention with memorable logos and in depth promotional campaigns. The book explores designs from early conceptual stages to initial drafts and final executions.

Guerilla Marketing

This week we tackle one of our favourite topics, the concept of Guerilla marketing. The term, coined by Jay Conrad Levinson in 1970, describes an unconventional form of marketing intended to achieve maximum results using the minimum budget. Something we are sure all businesses will appreciate!
The main job of any guerilla campaign is to be noticed and remembered by the target audience. “Guerilla marketing works because it’s simple to understand, easy to implement and outrageously inexpensive.” – Levinson. The use of this type of marketing is effective for SMEs because it does not require big budgets. The most vital part of a guerilla campaign is creating a buzz around the message or product to ensure it gets people talking. Levinson states, “Broadening your search isn’t as important as aiming your message at the right people.”

Another advantage of Guerilla marketing is that it is unexpected – the recipient is caught off guard and as a result is more susceptible to an emotional response – laughter, confusion, happiness etc. This reaction is far more memorable than more traditional forms of marketing.

What is the difference between guerilla and traditional marketing?

In the 40’s and 50’s, the main goal of advertising was focused on educating your target audience, rather than entertaining or engaging with them. People became desensitized to this form of marketing and by the 70’s things needed to change. In response, Guerilla Marketing came into being and challenged traditional advertising, which revolved around huge budgets and widespread exposure.  The attraction of guerilla marketing is that it is not educational or designed to teach us something. Instead, it evokes a unique reaction to distinguish the business and ensure it is memorable.

The interactive form of some guerilla marketing also allows the audience to feel as though they are part of a project, thereby fostering a relationship with the business. The more creative a project, the more attention it gets.

However, “mediocre marketing with commitment works better than brilliant marketing without commitment.”  The main tenet for effective guerrilla marketing is time and effort. SMEs tend to have a greater awareness of their immediate marketplace, so preparation is key. Businesses need to generate interest by concentrating their efforts on small, focused areas of promotion that are effective; and then repeat them over and over again. This formula is demonstrated inthe TLC Business PIPE Marketing Formula.

Preparation + Inspiration + Perspiration + Evaluation = Realisation

Without the ‘Preparation’ and ‘Inspiration’, SME’s will waste valuable time and money. The amount of time spent understanding your target audience is directly proportionate to the eventual success of your campaign.

An example of a successful guerrilla campaign is the Innocent Smoothie van. Their vehicles are covered in real, growing grass and are often seen around cities delivering smoothies. This type of guerrilla marketing allows a business to build awareness of their brand without necessarily pushing their products. The vans also serve a real purpose (delivering smoothies) and therefore do not alienate the customer or look like an advert.

Another campaign placed bottles of Absolut vodka on the luggage belt at an airport. The company placed their product in a setting in where their target audience are forced to wait, and therefore are more aware of any distractions.

Creating a big visual impact is also important in making a big impression, so there are alot ofPR oppurtunities for SMEs. Swedish furniture company IKEA make over unattractive street corners in Manhattan with their colourful furniture.  The campaign not only creates an awareness of their products by placing them in front of consumers, but it challenges more traditional marketing methods by placing their furniture in an unconventional, and therefore more memorable, setting.

Be warned though, the jarring effect of some guerrilla marketing campaigns has actually caused them to be unsuccessful.  Toyota recently started a campaign called “Your Other You”, which was designed as a website to “prank your friends.” In one case, a woman was signed up by her friend and promptly began to receive a barrage of disturbing text messages, phone calls, e-mails and videos over a five day period. Miss Duick was reported to have believed she was being stalked and felt extremely frightened. She is now suing the company for $10 million. They say there is no such thing as bad publicity; Toyota may beg to differ.

In 2010, the total UK marketing spend was estimated at £16.6 billion. Businesses have clearly been spending. However, it is important as ever that businesses use their budget where it will be most effective. Guerilla Marketing should be appealing to SMEs because of its emphasis on investing time, energy and creativity, rather than money. If you get it right and start people talking (for the right reasons!) your target audience will do your job for you.  Marketing doesn’t have to be expensive, it needs inspiration and imagination. Think differently and you can achieve maximum results!

Let us know about your Guerilla Marketing campaigns. What worked and what didn’t!

October’s Top Marketing Tips

1. Marketing Magazine Blog: This interesting and informative blog is frequently updated and includes information about networking events, ad campaigns, business news and much more.
2. Visual Marketing’: 99 Proven Ways for Small Businesses to Market with Images and Design by David Langton/ Anita Campbell. This Marketing guide was written by award winning communications strategist David Langton, this book takes the reader through case studies, photos, and illustrations, and displays creative marketing campaigns that brought attention to small businesses in unique and unexpected ways.

3. iGo: This company provides a variety of eco-friendly chargers and battery boosts. This iGo device is great for mobile devices. Plug it in and charge it up, then if you’re not near an outlet it will continue to run your device on its internal battery.

TLC Business Speaking at Wired Wessex – 27th October

Wired Wessex in October
How to do Proper Market Research – It’s Essential!
Thursday, October 27th
6 – 8 pm
Winchester Discovery Centre Performance Hall, Jewry Street, Winchester
Cost:  £10 at the door
It is not sexy but market research might just be the missing piece of your marketing puzzle. SMEs have been historically poor at undertaking research prior to undertaking marketing campaigns. All too often, assumptions rather than facts are used to inform SME’s marketing decisions.

In a challenging economic climate, it is as important as ever for SMEs to generate a return on every marketing activity they invest in. Without research many businesses are effectively just gambling with their marketing spend.

To push the odds in your favour, effective market research will remove the guess work, giving your marketing a clear focus and most importantly, a real chance of generating a desirable ROI.

To reserve your place click here.

 

Tap Into Mobile Marketing

Marketing strategies for SME’s are becoming diverse.  An increasing number of small businesses are adopting “Mobile Marketing”, which is proving to be a highly effective method of improving business. So why does mobile marketing represent just 2-3 percent of current marketing budgets?
The Internet Advertising Bureau (IAB) has found that mobile marketing has continued to expand during the recession, with a 99.2% increase. Mobile advertising in the UK was valued at 28.6m last year. Driven by the huge increase in recent smartphone sales, marketers have identified mobile as an extremely important tool for generating revenue. The SME’s that successfully incorporate mobile marketing into their campaigns will maximise communication potential with customers, and have a real competitive advantage.

Let your fingers do the talking

 Ultimately, the plethora of new mobiles and technology has redefined the way we connect with businesses. The mobile marketing sector is defined by interaction – consumers are able to share, connect, comment and create. It also provides a highly personalised consumer experience – one size does not fit all. Campaigns which strongly reflect the particular brand they represent are successful, as each business has its own target audience. Nike fans were recently encouraged to design their own trainers. The sportswear company encouraged customers to take pictures with their camera phones of colourful subjects they liked, such as graffiti or clothing. By sending this multimedia message to Nike, their new shoes are customized to the dominant colours in their image.

 

 

SME’s can also accurately measure their customer’s real time responses.  They can therefore shape the content they offer to be relevant and timely.  Similarly, “Geo targeting” offers services based on the exact location of customers, using GPS technology.  All of these aspects of mobile marketing allow businesses to analyse and measure their customer’s consumption habits and adapt accordingly. UK firm Sendster has launched a low cost mobile marketing system for SME’s.  The tool was designed specifically for UK businesses who employ 10 people or less, allowing them to notify customers of last minute offers, events and other marketing opportunities. This tool allows small businesses to capitalize on every opportunity to generate income. Sendster says that there are many user scenarios for the service. For example, a local restaurateur could send out a two-for-one text offer to people who they know are genuinely interested in their business.

Google has also announced the launch of a mobile campaign. The new features for mobile apps and ads allow businesses to advertise in apps that allow the user to search for information.  “Custom Search Ads” will also help app developers earn more money to fund their apps and grow their businesses on mobile” says Surojit Chatterjee, Google’s senior product manager. It also ensures users will reach relevant answers to their search.  In addition, for users who share their device location, the businesses with a physical location close to the consumer may perform better in AdWords.

Successful examples of mobile marketing campaigns aim for maximum reach, build a sustained interaction with the customer and always link back to the brand, and its values. So why wouldn’t SME’s want to join this growing trend? With millions of consumers just a click away, mobile marketing is becoming essential for businesses, however big or small. It’s in your hands!

November’s Top Marketing Tips

1. Twitter Tool: With so many twitter tools available, it’s hard to know what to choose. This is a list of ten Twitter applications used by social media and industry experts!2. iPad Magazine: Write and publish your own iPad magazine. The Magplus platform is a creative system for making issue-based media for touchscreen tablet devices.

3. Teach Yourself SEO: Useful links and information to help you teach yourself SEO. These resources provide analysis of the search engine industry and helps website owners improve their rankings with Google.

 

TLC Business’ Josh Spencer on BBC Radio Solent

Solent-logo-2Have a listen to TLC Business MD, Josh Spencer, on the Alex Dyke show on BBC Radio Solent talking about the importance of online for businesses as part of the BBC’s ‘Give an Hour’ campaign.
To download and listen to the interview click here.

We’d love to hear your comments about how he did, so please let us know.

Download our market research talk for Wired Wessex

TLC Business director, Josh Spencer, gave a talk on the importance of Market Research, to business owners and students at Winchester’s Discovery Centre last Thursday 28th October. The presentation outlined why market research is so crucial for a business and provided attendees with tips and advice on how to go about it most effectively.
You can download the slides here.

If you have any questions, please don’t hesitate to contact us.

A Digital Christmas

We know Christmas is upon us when the Monday morning office discussion is based around Mariah Carey vs. The Pogues or Buble vs. Bieber, like it or not, Christmas is a matter of days away.  Whilst many B2B businesses look at the lead up to Christmas as an opportunity to get their house in order, for many B2Cs this is the most important time of year. With shoppers keeping tighter hold of their purse strings this Christmas, it is important for marketers, whether in the B2B or B2C sectors, to think creatively about how to use the wealth of marketing channels out there.  Here is how some more well known brands have been using social media and mobile marketing to engage with consumers this Christmas.
Mobile marketing – Santa’s little helper

Christmas is just around the corner and recent surveys have predicted a significant growth in the use of mobile this Christmas. With almost half of the UK population now owning a Smartphone, more people are turning to their mobiles for shopping research and purchasing decisions. Consumerchoices.co.uk has found that the UK alone is to spend as much on Christmas via mobile phone as the rest of Europe. The growth of mobile commerce continues to show that consumers are becoming more confident in using their mobile phones for shopping and purchasing items on the go.

The NSPCC are a great example for those thinking about mobile marketing in the lead up to Christmas. The NSPCC is once again running a seasonal campaign that will send the child (or big kid!) a ‘Letter from Santa’. The latest campaign from the NSPCC will be promoted and delivered via mobile marketing, with the charity looking to capitalise on the growth of the mobile internet in order to raise more funds in this festive period.  This year, the NCPCC have taken their traditional letter campaign a step further, a special microsite has been established, where parents will be able to order a letter from Santa for their children simply via their smartphones.

Mobile is becoming a key component in marketing and mobile advertising spend is expected to ramp up this Christmas as advertisers focus their efforts on reaching a growing, and increasingly engaged, mobile audience.

Social media this Christmas – Spread a little festive cheer

 Companies are finding new ways to talk to their consumers this Christmas. Stephen Haines, UK commercial director, Facebook, said: “Retailers are seeing more and more value from joining conversations on Facebook as a great way to hear directly from fans about what they want and what’s interesting.

“This Christmas, we’re seeing a lot of brands taking advantage of those conversations to reach not only fans but also their friends in fun, creative ways – including wish lists, gifting apps, exclusive deals and special Facebook offers. “

Facebook gives companies the forum to interact directly with their customers and for a real conversation to take place about the brand. This year Nivea launched a new Facebook campaign for Christmas, the Facebook page is designed to fit in with the skincare brand’s ‘Feel Closer’ positioning. Consumers can use the app to buy and send a friend a Nivea gift set, which will be wrapped in personalised wrapping paper featuring photos they have both been tagged in on Facebook. 

It hopes to target women aged 30-54 by encouraging the use of Facebook to share “moments of closeness” by uploading photos and liking, sharing and commenting on other people’s pictures.

Mobile service provider O2 has launched its festive social media marketing campaign, which will provide customers with a personal message from Santa. Using the social media platform, Twitter, consumers can send their messages to the O2 Santa.  O2 will then create a personal video message for the sender, which can be shared amongst friends.

This Christmas campaign has been designed to spread a little festive joy. Consumers can participate by tweeting the official O2 Twitter account, @O2 with the hashtag #O2santa. All of the video messages created will be hosted on YouTube, enabling customers to watch them again and again.

Head of social media at O2, Alex Pearmain, commented on this latest social media marketing initiative.

“Our social channels seemed the ideal platform to cheer customers up and we hope this campaign will help to cut through some of the current consumer gloom and spread some festive cheer.”

For any business owner, developing a strategy to encourage new business or shoppers back into stores for the crucial Christmas period is increasingly difficult; however, Christmas is a great time to get creative and build customer interaction, ready for the New Year. Last year, we reflected on the increase in online shopping. This year, online marketing has gone social.  So what will next year bring? Will Santa be teleporting his gifts down the chimney? We are looking forward to finding out!