Posted on: October 15, 2021 | Written by: Danny Shepherd, Titan Growth
News Flash: COVID-19 royally effed things up. It’s also had a bunch of unexpected consequences that leapfrogged the normal order of things. Like grandmothers setting up Zoom video chats. Big budget movies premiering on your TV. Knitting being cool. And a racoon approving you for a mortgage.
What’s another unexpected consequence of COVID-19?
The acceleration of doing business online.
You’ve probably noticed we do a lot more things online these days than we did a decade, year, month, ten seconds ago. This is especially true for digitizing businesses. The steady shift towards online branding, advertising, and commerce is in full effect. Yet, surprisingly not everyone has jumped on the digital bandwagon.
So what does that mean if you want to know how to digitize your business? Let’s talk through it…
Not too long ago it was found 46% of small businesses did not have a web presence of any kind. We hope that’s not the case anymore because COVID-19 boosted Internet use by a whopping 70%! Before the Coronavirus struck, Nasdaq estimated that by 2040, 95% of purchases would be made through eCommerce. That timeframe for SME (small-to-medium size enterprise) digitization has likely shrunk by a lot.
Quite simply, the pandemic deepened the digital divide between those businesses active online and those who aren’t. That’s not as delightful a consequence as the uptick in knitted dog sweaters, but just as important to be aware of. But it also means that the concept of SME digitization is more important than ever!
In the not-so-distant future, every business will either need to get online or risk falling behind. Those slow to react and still reliant on more traditional business models — like brick and mortar — will fight for survival, while those that cater to customers on the internets will see their gains amplified.
Just like grandma knowing more about Facetime than you do, this is the new normal.
So the question becomes, how will you position your business for success?
Our advice: Digitize your business. Today.
Why should you digitize your business?
Here are just a few reasons:
To help ensure your business is on the digital fast track to success, below are some of the best ways to beef up your online game.
We’re willing to bet you’ve used a screen recently. You’re probably even reading this on a screen right now. Which means — SURPRISE — you’re online!
Well, you’re not alone. Every man, woman, and child is doing exactly the same thing. Even the cat is on Instacart these days placing orders to Petco.
(Obviously that’s a fake photo. Nobody uses an iPhone 4 anymore)
What’s the primary mandate of doing business?
Be where your customers are.
Your customers (and their cats) are online. So the first step to reaching them is to get online, build an online presence, and engage them online. Emphasis on the word “online.” See a theme forming here? If you’re digitizing your business than it’s important to realize that your brand’s website cant just be an afterthought or a placeholder for your online presence – it needs to be a full-blown digital marketing hub in and of itself.
A branded website is the heartbeat of any successfully digitized business. All other online activity funnels into your site which in turn funnels traffic into paying customers, both online and offline.
Here are a few of the awesome things a website can do:
Never heard of “webrooming?”
Webrooming is the consumer practice of researching products online before buying them in a physical, brick-and-mortar store. (Think visiting a showroom, only on the web.)
All the cool kids bizzes are doing it.
Even the most locally of physically in-person based operations on the planet need a website. Over 80% of consumers do research online before heading out to a store. If your business isn’t online with a site showcasing (aka webcasing) your products and services then those consumers aren’t coming to your store. Plain and simple.
Or just as worse:
An online site increases your offline profits. That’s just math.
Your site doesn’t have to be the next Amazon. In some cases a one-pager will even suffice. The goal is to create the webpages you need to help:
Once those are covered, you can expand into an eCommerce platform, and conduct customer transactions directly through your site. You can also enrich the experience by implementing structured data, such as Product schema.
Granted, transitioning online is hard. And it can get costly.
But even if you don’t have the immediate funds available to build the world’s greatest website, there’s no reason why you can’t build the world’s greatest social media presence. If done right, you can learn how to digitize your business with social strategies.
Heck, it’s how Poo-Pourri, the Arab Spring, and Justin Bieber got their start. If social media is good enough for the Biebs, it’s good enough for you.
Best of all, creating a social media account is totally free. Facebook, Twitter, Instagram, LinkedIn, YouTube, TikTok, it’s all yours for the taking. Except Google+. That no longer exists. If you still have a Google+ button on your website, please remove it. (If you still have a MySpace button on your website, call us immediately.)
How wonderful is social media for digitizing your business?
You can even use certain social media platforms as eCommerce platforms.
For example, Instagram has been rolling out a checkout feature that allows users to make purchases without ever leaving the app. They also offer Instagram Shopping, which provides brands the ability to add tags to posts that link directly to product pages on their site. (See! That website’s already coming in handy.)
But even if you can’t take advantage of social media shopping features or don’t have an eCommerce-capable site, you can easily generate sales through online brand awareness using social media. To craft a winning strategy all you need is some creativity and time.
What’s that you say? You don’t have all the time in the world to start twittering at people. We get it. You’re really busy.
But you don’t need to spread yourself (or your budget) too thin trying to stay active on social media.
In fact, we recommend against that.
All too often we see businesses try to keep up with all the latest online trends by juggling a ridiculous amount of social media accounts. Far better is to focus on a select few social media channels and do it right.
Not sure where to start? Should you tweet, gram, post, tumble, or tok?
Facebook and Instagram are two of the top choices, particularly because of how well they tie-in with commerce activity and online advertising. Go ahead and add LinkedIn to that list for B2B companies. We also recommend amplifying your digital strategy with video because it routinely produces the highest ROI, and can be easily shared across all your social accounts.
And just like that, you have a solid online presence. Now, let’s share it with the world.
No, we don’t mean doing a google search for your business.
We mean creating, updating, and optimizing your Google My Business account for selling. (While you’re at it do the same for Bing Places. According to Wordstream, nearly half the US uses Bing. Crazy, right?) For complete SME digitization, understanding how these platforms are crucial for small businesses is key to long-term growth.
Having a well-rounded Google My Business account is a must for locally-focused businesses, but it’s equally as important for non-localized brands as well.
Your Google My Business account helps you:
Think of Google My Business as a way to advertise for free on Google.
Also think of it as one of the first touchpoints your customers will have with your business.
What’s more, GMB has a lot of great ways to funnel your customers into making a conversion. One of the best (and most underrated) is its posting feature. Through it you can share offers, announcements, news, and products directly on SERP, using calls-to-action and retargeting.
Google My Business is also a key component of SEO.
Which leads us nicely into….
Though SEO optimization is typically viewed as a means to improve site traffic, it is also one of the best ways to drive sales – especially for SME digitization. Have your doubts? Feast your eyes on this:
And that’s just the tip of the digital iceberg.
We previously broke down the top benefits of SEO, the best being that companies generate a higher ROI from organic traffic than any other traffic source. The key to profitable SEO is to optimize your website and online content to attract high-quality traffic. This is done by strategically targeting sales-friendly queries and writing with conversions in mind.
Well, that’s actually the short of it. There’s a lot that goes into SEO from site structuring, speed optimization, content creation, backlicking, competitive analysis, the laundry list goes on. All of which when puzzled together correctly can skyrocket your online visibility, traffic, and sales.
Point being, getting online is only half the battle for the process of digitizing business. The rest is making sure your customers find you. That’s where SEO comes in, along with….
Okay, so you’ve gotten online, set up a website, sent out a few tweets, and maybe even found yourself in a Google search.
It’s official — your business is digitized!
But we’re not done yet.
As more and more businesses move to doing business online, competition is going to tighten. So how does one stand out from the crowd? How do you digitize your business on these platforms?
Digital advertising is the best place to start.
Digital advertising lets you consistently generate sales online using such marketing channels as:
Here’s a snapshot of how some of the most popular online ad platforms can be best used in your sales funnel:
Different platforms are also better for targeting different demographics. For example, Pinterest Ads are better for targeting women instead of men, as over 70% of Pinterest users are female. LinkedIn ads are useful for targeting higher-income demographics as 75% of users make $50,000/year or more.
Then there’s advertising on Amazon.
If you sell a product that people can buy online then you should be using Amazon Marketing. Case closed.
Amazon Ads are unique in that they provide direct access to every stage of the sales funnel from the research stage straight through to purchasing. Odds are your audience is likely already using Amazon anyway so why not meet them there. Want to successfully digitize your business to sell online? Then enhance your eCommerce with Amazon advertising.
But that just scratches the surface of what you need to consider.
We won’t sugarcoat it. Growing your online reach with digital advertising isn’t easy. It takes time to master, from choosing ad types to tracking the right conversions, targeting the right audiences, setting up remarketing, and beyond. It can also get costly if you don’t have a strong paid media strategy in place right out of the gate.
But with all that work, comes huge rewards.
Which is basically the motto of digitization.
In order to position your business for success amidst COVID-19 (and beyond) you will need to take an omnichannel approach using the digital methods listed above. Many industries are quickly being forced to realize this hard truth.
Case in point:
Howdy, Folks! Starting March 14 – April 26, we’ll be offering FREE DELIVERY on https://t.co/h4LE81OR5v, making it easier for everyone to enjoy my world famous fried chicken from home. Or order ahead for pick up so you can skip that line. Terms apply at https://t.co/krmxGqiPpq pic.twitter.com/6FGbnF5lNa
— KFC (@kfc) March 13, 2020
— Premier Inn (@premierinn) March 18, 2020
Stuck at home? Don’t let your wanderlust fade! Allow us to bring the rainforests and jungles of the world right to your living room with our ultimate guide to your Sofa Safari, full of ideas on how to pass the time. Happy reading! 🌍 https://t.co/osQaAUSAjT pic.twitter.com/oZzE1ybbKV
— Rainbow Tours (@RainbowToursUK) April 3, 2020
These are some examples of industries that typically do business offline, only now they need to rely on online interactions to survive. While not every online effort results in a direct sale, with SME digitization, they all build something just as valuable in the long run: brand awareness, engagement, and loyalty.
Industries like these are the ones you think would be hardest hit by the Coronavirus pandemic. But thanks to their successful digitizing they are able to get by and thrive.
Thank you Internet!
Is there nothing you can’t do?
So in conclusion, you may not want to have gone all in on digital, yet here we are — the new normal. If you want to know how to digitize your business, contact us for help.
About the author:
We Are Titan Growth Breaking the Mold on SEO and Paid Media We deeply care about client success. Growing revenue and profit is what we love to do, and we do it by providing technology-driven, results-oriented digital marketing strategies aimed at increasing market share.