There are clear upsides to having a small business. You are agile and can change directions on a whim. You don’t have to conduct focus groups or wait through months of testing. You’ve got autonomy, since no other company owns or controls you. Of course you’re not competing directly with the biggest firms in your industry, but there are a few tools that can help your small business look bigger online.
How To Make Your Small Business Look Big
Last year the U.S. Small Business Administration estimated that 50% of small businesses still don’t have a website. Without an online presence, your small business can go unnoticed by potential customers. The good news is that it’s easier than ever to create a small business website that looks like a big business website. In fact, many small businesses actually have more impressive websites than big businesses because they take advantage of the fact they are agile, nimble, and have autonomy. A new website is an achievable goal.
Strategic planning isn’t only for big corporations or non profit organizations. Ask yourself the following questions:
- Where am I now?
- What’s the vision?
- What are the obstacles?
- What are my resources?
- What’s my strategy?
- What are my tactics?
- What will we monitor and measure?
Establish A Marketing Budget
Procter & Gamble spent nearly $3 billion in marketing in 2014! That’s more than any other company in the world. While no small business can even dream of matching that, there’s a cost to getting your product, service, or brand in front of potential customers and clients. How much do you need to spend to look big? It depends on your business and whether you are selling direct to customers or direct to businesses. On average, companies spend about 6 percent of their revenue on marketing.
Don’t Rely Exclusively on Social Media
Social media is all the rage these days and it’s true that it shouldn’t be overlooked. At the same time, it makes no sense to rely exclusively on social media. Some people do it because it’s mostly free. Success depends a lot on the industry and your target audience. If most of your target audience is on Facebook, then spend some of your time there. If you’re in a professional business and you need to connect with professional colleagues, I’d recommend LinkedIn. If you run a restaurant and you want to show people how great your food looks, try Instagram, which is also a great tool for connecting with teenage consumers. See which sites the big brands in your industry use, and use that as a guideline.