Myth, Must or Maybe

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So what is our best financial investment?

Regi Ditttrich - Saturday, August 06, 2011
It has taken some amazing students a lot less time to realise this than many others. Now these students are no Trumps or Gates yet they have the forward thinkingness (?...I see an English course coming up) to plan their future financial position.  What's more, these courageous little gems have come to me with no prior knowledge of this strategy. Their pre-requisite was merely a passion to do something about a concept they have, a dash of resilience and some brain space. So what is this financial investment?

Finding the passion

They are building an online business. In each case the online business for my students is based on their passion - this took a bit of drilling in some cases but far from dentistry. Once the passion was identified, we determine that the online project is sustainable, in other words, it attracts the excitement and attention of the owner regardless of the ups and downs.

My students are comfortable and eager to learn.  At each learning milestone, and there are plenty, I sweep the audience for an eyebrow check, which is of course the best indicator of whether they're with me or I lost them at the at 'here is the emergency exit'. Eyebrows work brilliantly for this, although I was caught out once while presenting to a group at a Beauty Institute who had undergone brow botox not so long beforehand.

Developing a digital strategy

Developing a digital strategy will vary depending on your needs. However, a simple step-by-step approach is useful.What goals do the students have for their business? During the workshops I deliver, I examine the student's goals.  It goes a bit like this.  Do you want to:
  • attract more local, national or global customers, supporters and donors
  • create value for your customers, supporters and donors
  • reduce your costs
  • raise awareness about your organisation
  • increase your revenues and donations
  • have more targeted and effective marketing campaigns
  • be more aware of what your customers, supporters and donors are saying about your organisation
  • develop better metrics and feedback from your customers, supporters and donors
  • ensure that people can engage with your organisation, including on their mobile phones
OK, picture this; retirees, ex farmers, mothers and homekeepers, having dialogue about developing a digital strategy. Yes, this is new, this is very new.  I have no idea about how to develop a cattle branding strategy or a caravan towing strategy and I'm no origami wizz with nappies, therefore I empathise. But give me an audience about developing a digital strategy and I can talk and inhale at the same time - this stuff excites me!

What online activities will benefit you?

The answer could be all or some of the list below:
  • establishing an online presence
  • developing richer and more engaging content
  • developing a search engine and/or social media marketing strategy
  • expanding your use of digital communications tools internally
  • digitising the support of your customers, supporters and donors
  • incorporating e-commerce functionality for donations and sales
  • optimising your content for the mobile web
  • improve your metrics
At this point in the workshop I remind myself of the virtues of these wonderful people who are listening to me, with one corner of their mouths edging up to their nose exposing an incisor and tilting that same side of their head slightly upward in a 'what the ..' look. They are investing in themselves and have taken the courageous step to learn something that has only been introduced to them in the latter part of their lifetime, and in Australia, they are a minority - Aussies occupy only 1% of the world's internet users, ha!

How can your online activities help you achieve your goals?

  • a cafe may want to use the web to drive foot traffic to its physical location
  • a giftware store might aim to increase sales outside its immediate geographic area
  • a furniture company may seek to reduce the number of returned products by providing online instructional videos for assembling items
  • a community organisation might use an online forum to notify volunteers of opportunities to get involved with local events
  • a charity might use social media to promote a fundraising initiative
At this point in the workshop we are close to lunch and the hunter gatherer instinct kicks in.  I have only a limited amount of time to get this point across while my presentation remains more interesting than the next meal! I share some examples of how the online activities can be used to benefit business. Remember, my audience includes mobile-phobics and snail mailers.

Developing the website plan


Once you have thought about what you are seeking to achieve through your digital strategy, you could develop a checklist of your requirements. For example:
  • provide up-to-date written information such as a website or blog
  • interact with potential customers, supporters and donors via a social media platform or real-time text chat
  • create the opportunity for clients and community members to make word-of-mouth referrals usinga existing social media platforms
  • have detailed online discussions with existing customers using a discussion forum
  • provide a sales platform using e-commerce solutions
  • make your web content readable on smart phones, perhaps incorporating design methods that cater to mobile internet users.

Building the website

This is where the fun starts for the students. Their project gets legs, while they aren't using theirs because they're glued to their seats. The developments at this point are far too exciting to leave alone. Their own skills are now so advanced that they are worth writing home about - or should I say they are worth blogging and 'IM'ing about.
I'll keep you posted with the website build progress of each student as they build away at their future. Thanks for reading!



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Grow Online Gurus is a team of professionals who apply unique strategies that explore every opportunity for you in online marketing. You have access to over 10 years experience in high level online marketing and business development, nationally recognised training qualifications.

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