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My company is profitable! Do I still need marketing?

According to a recent report, the success of SMEs is essentially like flipping a coin – there’s an estimated survival rate of 50%. This means that establishing a strong and profitable core business is more crucial than ever before.

Since survival is a major focus for SMEs, investment in other aspects that may not seem to have immediate trackable results on business performance are often highly scrutinised. But even when SMEs manage to survive and find their stride, becoming profitable without the help of marketing, content, public relations or social media, many decide to continue without these things. Why would they need them even if they are profitable? Let’s dive right in.

Marketing

With the view that only large, multinational organisations have dedicated marketing teams, many SMEs outright dismiss the idea of hiring dedicated marketing staff. If SMEs do have a staff member focused on marketing, the scope of that role is usually tied up with additional tasks, such as business development.

Without the attention and focus of a true marketing professional, marketing initiatives usually end up in the form of more traditional activities, such as developing collaterals or organising events, which often do not drive easily trackable business results. A dedicated marketer will be able to identify broader business issues and create solutions to fix them, whether that be an online lead generation, sales team support or employer brand management to help bring in the best talent.

Content

Content is on the radar for many organisations, but often only in the form of a few commissioned articles for the company website. The truth is that content has many more practical uses for a business than most business owners realise. Content can be presented in many ways – think text, infographics and videos – and have the ability to engage potential customers across a wide array of platforms, ranging from the company’s website to social media channels to content-led PR campaigns.

A singular piece of content, such as a research report, can be reworked into different pieces of satellite content, including infographics, toolkits and short, digestible videos that can be shared on different channels. Lead generation, client relationship management and sales support are all business-focused goals that can leverage content to deliver measurable results.

PR

Crisis management and spin-doctoring are often the first things that come to mind when thinking of public relations, but these functions are usually back of mind when it comes to successful businesses who are focused on growth.

Public relations can do much more than just clean up sticky situations. Good PR will play a key role in stakeholder management, putting the business in the midst of relevant discussions happening in the industry and the media, and positioning key people in the company as thought leaders. Strong PR can boost the visibility and credibility of the business and open new doors for the company in the process.

Social media

If you think that social media is simply a Facebook page for consumer brands to deal with angry posts, think again. Social media can act as a multi-platform ecosystem that can be used to engage with different types of audiences. By using specific targeting, businesses can reach new and relevant customers from literally all around the world.

From customer support and sales to employer branding and community management, every employee can learn to use social media in a way that influences the business, no matter if it’s a B2C and B2B operation. It’s important to establish goals and outline clear roles that each social media platform will play for the business, though; only then can a business truly start to see the benefits of a social media strategy.

Do you want to find out more about what marketing, content, PR and social media can do for your business? Drop us a line at hello@mutant.com.sg

How to jump-start social media when no one knows your company

It’s easy to make noise when you are the head of state. Both Lee Hsien Loong and Donald Trump are two (good and bad) examples of how to engage millions of people.

While the impact of social media is undeniable, not every business enjoys the reach of someone in the limelight. Though it’s hard to make noise when no one knows about your company, inaction is infinitely worse.

Before you jump the gun, you have to make a commitment to regularly update your business’ social media accounts. Ideally, appoint someone to be your social media manager, as it’s something you have to consistently work at to see benefits – ranging from direct communication with your customers to reaching people that never heard of your business.

Here’s how to get started:

Where is your audience?

With an array of social media platforms out there, you don’t need to be everywhere. To get your social media presence kickstarted, you’ll need to know where your audience is. If you are a B2B company, you are more likely to start conversations on Twitter or LinkedIn, while an e-commerce can better engage with users on Instagram and Facebook.

If you are unsure about what you should do on your social media channels, check out these do’s and don’ts of social media. This is where you’ll learn about how to reach your target audience and the tangible results you’ll be able to reap from it.

What are your goals?

Bear in mind that you’re just starting out – so don’t be unrealistic with your goals. For newcomers like you, it’s recommended that you focus on consistency and growth to really make your social media game work.

For consistency, work on:
– Lock in a set number of days to plan posts and work on your social media presence. A good start will be 3-4 days a week.
– Create new content at least once a week to beef up your content library. This can be a new set of photos, a blog post or a video about your business.

For growth, work on:
– Setting a goal for how many followers you want to gain by a certain date. Every business grows differently, so plan accordingly. Having a number to work towards will make things clearer.

If you want to start with a bang, you should consider working with social media influencers – Increasing engagement for your posts. Instead of asking your family and friends to share your posts to get the algorithm working, you might want to do a giveaway to start getting shares and traction.

What’s in your content library?

Gather all of your content into one folder that your team can access. This will be your content pool where you’ll go to find images, old news clippings, videos or anything relating to your business. If you make it a habit to populate this folder, your planning will be easier in the future. A good way to start your content pool is using your website’s content. You can always repurpose and use it for social content. While doing this, you’ll also probably start to visualise what sort of content you’ll want up on your social media channels.

Have you created a social media calendar?

It doesn’t have to be anything too complicated. All you need is a handy excel sheet that keeps track of the content that you’re planning to post, or have already posted. This will also come in handy when you’re brainstorming for new social media ideas. It also makes it easier for everyone to share ideas. A well-kept calendar will also help you to plan your social media campaigns more efficiently.

What conversation are you joining?

Now that you’re sorted, it’s time to be part of all that social media chatter. Have a look at what’s trending by gathering some data and see where your brand can be part of the conversation. Controversial topics aren’t a strict no-no and may sometimes help your brand to stand out. But make sure that your company has actually something to offer or say about the topic. You have to remember that the social media world can be harsh and controversial topics can easily backfire. But in the end – it’s still up to you to decide if it will work for your organisation or not.

Need help with managing your social media campaigns? Drop us a message at hello@mutant.com.sg.

The battle of the brands: Does controversy work?

In an incredibly dense and competitive marketplace, it’s becoming increasingly hard for brands to really stand out and make an impact. Brands now have to constantly think up of innovative strategies to captivate their audience.

Even if a brand has done everything right, it sometimes just isn’t enough to get great traction. And when all options have been exhausted, controversy may be roped in as a last-ditch attempt to scramble for some buzz.

Granted, some brands like United Colors of Benetton have been controversial from day one. But others like Adidas and Dunkin Donuts have learned the hard way through intense negative public backlash.

So, does controversy actually help or hurt brands?

The positive:

It can help start important conversations.

Global fashion brand, United Colors of Benetton faced criticism for their 2012 “Unhate” campaign. The ads featured world leaders (on opposing sides of religious, political, racial and cultural spectrums) in a lip-lock. An initiative by Benetton, the Unhate campaign’s main aim was to ‘fight against hate and discrimination in all its forms’.

Though it was slammed by the Vatican, the series of ads went on to win the Press Grand Prix at the Cannes Ad Festival, a prestigious award in the advertising industry. It was lauded by press jurors that the ad ‘has heart impact’ and promotes ‘a global debate’.

The ad itself is the epitome of controversy, but what made this a win for Benetton is the effect it had on viewers. The message behind it is something that cannot be ignored.

The negative:

It can seriously hurt the brand

Adidas came under fire shortly after the announcement of a new pair of Jeremy Scott designed sneakers, the ‘JS Roundhouse Mids’. The sneakers featured a pair of orange plastic shackles, which many fans picked up as ‘offensive’ and ‘ignorant’ because of similarities to shackles worn by slaves in the 19th Century.

Though Jeremy Scott claimed it had nothing to do with the alleged atrocity, Adidas cancelled the release of the shoe, apologising if anyone had been offended by the design.

Adidas may have received great sales from Scott’s outlandish designs in the past, but it just goes to show brands should always do prior research before releasing anything to the public.

When it comes to controversy, the pros and cons must be weighed out before any action is taken. Some brands may perform better with more controversy, but for others, it just doesn’t work out. If a brand’s values don’t align with the consumer, it’s going to get increasingly hard for people to identify with the brand in the long run.

Controversy can be a great exercise for brand building, but it can also hurt and bring about unwanted attention and perceptions which are always tough to change. Play carefully.

If you want to create some hype around your brand, we can help you. Get in touch with us at hello@mutant.com.sg.