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Why Are You Using Social Media?
Why Are You Using Social Media?

Social media is definitely one of hottest business trends of today. Businesses can have great success with it, but the problem is that many businesses approach social without first obtaining a solid knowledge of it.
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Preparing for a Product Launch Preparing for a Product Launch
When a business launches a product, there is a natural level of excitement that goes along with it. There is however, a danger of becoming too excited and forgetting to properly prepare...

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Starting a business is a lot of work. It begins with an idea that is then expanded and turned into a business model.

Chris Crum

Lack of Advertising Reflects Poorly On Your Business
Thursday, May 14, 2009

Over 48% of U.S. adults believe that a lack of advertising by a retail store, bank or auto dealership during a recession indicates the business must be struggling according to research from Ad-ology.

That's not a good sign for those businesses who have opted to reduce their advertising budgets as a means to save money. The study finds advertising appears to play a key role in consumers' view of how a business is doing, and by not advertising, businesses may be sending a warning signal to current and potential customers.

"It is critical to advertise in the current economic climate, to maintain long-term positive consumer perception of your brand," said C. Lee Smith, president and CEO of Ad-ology Research.

"Advertising not only assures consumers of a business' reliability in a soft economy, but it can influence where and what they buy, especially when the ads address concerns about value," Smith said.

Other interesting facts from the study include:

- 40% of consumers use coupons more now than a year ago

- Most consumers are as willing or more willing to pay more for 'healthy' or 'organic' products than they were a year ago

- A 'deeply discounted price' was the number-one factor that would make consumers more likely to purchase a big-ticket item (+$1,000)

- TV, newspaper, direct mail, and Internet top local media from which consumers saw/heard an ad within the last 30 days that led them to take action

- Store Web sites ranked second only to search engines as the way consumers research products and shop online

Have you reduced the amount of money you are spending on advertising? If so, have you noticed a dramatic effect on your business? Tell us about it.

» Comment on this article

About the Author:
Chris is a content coordinator and staff writer for SmallBusinessNewz and the iEntry Network. Subscribe to SmallBusinessNewz RSS Feeds.
Twitter Makes Networking A Little More Difficult

Doug Caverly By Doug Caverly

It's time again to decide whether you're in a glass-half-full or glass-half-empty mood. Small business owners who use Twitter for marketing - or who are considering doing so - are going to have to deal with a changed display practice that could swing either way.

Think of it like this: the old Twitter was a noisy, potentially overwhelming site in which people might get scared off or just miss things. The new Twitter is quieter, but a sort of roadblock to users making new connections has been put in place.

A post on the official Twitter Blog explains, "[W]e've learned most people want to see when someone they follow replies to another person they follow - it's a good way to stay in the loop. However, receiving one-sided fragments via replies sent to folks you don't follow in your timeline is undesirable. Today's update removes this undesirable and confusing option."

» Continue reading this article.

About the Author:
Doug Caverly is a staff writer for SmallBusinessNewz.
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