Building an Online Marketing Strategy

image credit: beX out loud, via Flickr

image credit: beX out loud, via Flickr

It’s 2009, and many people are making resolutions. Will you make a resolution to think about, plan, or start an online marketing strategy?

Before you answer that, here are some things to know:

  • Online marketing and Social Media are largely about building relationships. Just as in the “real world,” this takes time. You need patience.
  • Independent stores have an advantage in building online relationships, because you can begin or nurture many of those relationships face-to-face. This is an advantage that large chain stores or online booksellers do not have.
  • It’s not about technology. It’s about solving a business problem or maximizing an opportunity. Don’t get hung up on the tech.
  • Online marketing costs less money than newspaper advertising or many other “traditional” marketing efforts.
  • Online marketing costs more time than most traditional marketing efforts.
  • Measuring your results can be tricky, but you must have some measure of effectiveness.

So how do you build your strategy?

You will see that it’s not any different than offline business strategy:

First, you must identify the problem you want to solve or the end result that you want to achieve.

Next, you must determine the best tool(s) for tackling the problem.

Then, assess ways to measure the effectiveness.

Create your plan, including all of the logistics: time, personnel, resources that will be required.

Execute.

Measure.

Then restrategize , revise, retool, replan, retool as necessary (remember, these are long-term, ongoing relationships you are building, not “campaigns.”)

Over the next several posts, I’m going to take these step-by-step, and will hopefully point you to some terrific resources to help you figure this all out.

I really believe that it will be necessary to have an understanding of the online space in order to have a thriving business in the future. It’s early enough in the game that you can make a real presence and compete — but I don’t think that you can wait too long. Things move fast in this space, and that’s a speed at which our industry has never been known to operate.

Oh, and one last thing: if you are reading this, and find this blog valuable, will you please tell your fellow booksellers? The more people we have supporting each other, the easier this will all seem.  In the meantime, I’m going to try to incorporate more bookseller voices and guest posters.

Thank you for your time and your ideas. Happy New Year.

Post to Twitter

Sunday, January 4, 2009 10:24
You can leave a response, or trackback from your own site.

7 Responses to “Building an Online Marketing Strategy”

  1. Drew Goodman says:

    January 4th, 2009 at 10:31 am

    Great article, Ann. I will definitely watching and commenting on this series of posts.

  2. Erin McInnis says:

    January 4th, 2009 at 11:56 am

    Happy New Year, Ann. I’m not a bookseller (yet) but I wanted to thank you for all of the wonderful information you’re sharing through this blog. I’m still in the planning phase for my independent bookstore, and I’m definitely going to incorporate online marketing and social media into the marketing plans for my store. In fact, I’m planning to start my own blog soon to document the start-up process. I’ll be watching for more great tips and info over the coming months. Thanks again! /erin

  3. Ann Kingman says:

    January 4th, 2009 at 12:07 pm

    Erin, that’s terrific! Congrats on your plans for your own store. There are two other soon-to-be bookstore owners who are documenting their progress:

    Joni of Paragraphs on South Padre Island, TX: http://paragraphsonspi.blogspot.com/
    and Jessica (aka Book Nerd) and Rebecca, who are opening a store in Brooklyn: http://abookstoreinbrooklyn.blogspot.com/

    I look forward to adding you to the list!

  4. jmcc says:

    January 10th, 2009 at 1:51 pm

    Thanks for this reminder! It’s something that we are trying to do at our store, but like a new exercise routine, sometimes put off, forget or hurry through even though we feel great when we give it the time and dedication it deserves! It’s good to have reminders and know that there are others out there for support.

  5. Ann Kingman says:

    January 10th, 2009 at 3:23 pm

    jmcc — thanks for the exercise analogy. It’s very true. It’s very easy to let these efforts fall by the wayside. First, the low cost to get started doesn’t provide the same incentive to pay close attention. (If you pay for a gym membership, you are more likely to use it, at least initially). Secondly, the amount of time it takes to actually see results can be discouraging (also true with a fitness program).

    I’ve added your blog to the blogroll at the side, too. Thanks for joining in.

    Ann

  6. Marketing says:

    January 29th, 2009 at 2:12 pm

    Your article is very informative and useful. Glad I found it. Cheers.

  7. Mike says:

    February 11th, 2009 at 9:40 pm

    Enoyed your post and bookmarked you for future reading.. Thinking of adding some of your content to my website ZestforMarketing

Leave a Reply

Twitter links powered by Tweet This v1.6.1, a WordPress plugin for Twitter.