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Research
Home Archive by Category "Research"

Category: Research

23 AugDigital MarketingResearchSEO

08 Digital Marketing Trends you Need to Know in 2019

”Marathons are more than just a single run, digital marketing are more than just a single activity.”

The future of every single business is being transformed into technology! Keeping this in mind, Here’s a quick elegant question possibly you could think of at times in digital marketing trends.

”What is the biggest obstacle for your company’s growth?”

While thinking about the answers to the above question, how does a business with the latest technology conquering the world function without the help of digital marketing? Can you remember seeing artificial intelligence and visual searches in movies? For example, I Robot movie ( could you go back to those memories?) Leaving at in your good old memories these technologies have been coming into reality for businesses in the present. Brands and businesses do need to use digital marketing trends to succeed in their efforts because what worked for you in the past years might not work for you in the upcoming years. Social media, SEO, content marketing and a lot more are experiencing a dramatic shift in 2019.

This article will help you give a quick insight into the latest trends of digital marketing that you can not simply ignore. And to stay ahead of the competition you might want to invest in these insanely futuristic technologies down below.

Did you know: Canada has the most active Facebook users compared to the rest of the countries.
 1)  Artificial intelligence taking over the digital marketing trends in 2019

AI will take over the world and currently is!

Well, what does AI do?

Putting this in simple terms, Artificial intelligent can easily study consumer behaviour by using the data that is available on the internet or social media by the user. This simply helps all your businesses using AI to increase the optimization of your business activity efficiently. AI has made jobs much simpler. For example, email service providers like Gmail, Yahoo have customized smart email categorization. Many government organizations are using AI for security purposes.

Did you know: Some of the tech leaders are worried about AI

Elon Musk- CEO of Tesla– is no stranger to you. Has made a confession that artificial intelligence could eventually be dangerous to the entire human race. He wants people to follow certain regulations and ban on any type of autonomous weapons, to save humanity. Keeping this aside, governments are already working on hidden projects on AI-controlled weapons.

 

artificial intelligence taking over the digital marketing

 

Another example is companies like Uber and Microsoft- you can try using robots in parking lots that could read license plates and report suspicious activities to prevent crime. They do this by collecting data and reporting it to their owners. This technology has been in use which seems to be less expensive compared to hiring a human security guard!

2) Voice search: The dictators!

In the current world, for example, you will find it easier to ask Siri about the distance of your top travel destination in Sri Lanka rather than manually typing in the query. With this keeping in mind, further, it is estimated that by the next upcoming year’s a higher percentage of web browsing will be done without tapping the screen. This is because of Alexa and Siri’s engagement with the human-level smartness becoming incomparable. However, the disadvantage of voice search is that it is quite different from the typical text search.

 top travel destination in Sri Lanka , voice search

 

 For example, when you Google a question you will get hundreds of result pages. But if you ask the same thing to your voice assistant, it will only give you certain results (a few) more than that you will only get one result!

3)  Video marketing 

You might question yourself whether using videos for promoting your business would worth it? The answer simply is: Yes, not because every business is using it but moreover, it is a very profitable tool for digital marketing trends in 2019. To deeply get connected with your target audience, video marketing can be the best way as they are dominating photos and infographics compared to other ordinary advertisements.

digital marketing and video marketing trends in 2019.

Since videos are more appealing and easier to share than large content. With inexpensive methods, such as quality smartphones, and film equipment. Companies all over the world are using personalized videos to create ”real authentic publicity.” Do not just think that YouTube plays here. To get more engagement using your video marketing, you can go live on Instagram, Facebook, or Linkedin.

4)  Chatbots:

You might have definitely experienced online purchasing. And you might have noticed yourself being answered for your queries in a few seconds or minutes by a chatbot, that will have instantly answered your questions. This will bring a closer connection to you towards your customers. Many customers prefer communicating with chatbots since they are quickly responsive. Giving instant answers to what you are exactly looking for modestly and responding to you without losing its patience. These virtual assistants aid in customer expectations, customer service and performing accurate tasks, which means you can literally focus on your other important tasks.

Chatbots helps for queries

Many businesses have already started using chatbots which include, for instance, Uber helping customers to communicate and making it easier for them to hire Ubers easily. Other brands such as Facebook Messenger, Google Maps, and Slack have started using Chatbots & digital marketing making it efficient. Chatbots have completely changed the way digital marketing looks at its services. Giving companies a better perspective of market sustainability.

5)  Social media stories:

Brand awareness can be easily be promoted and engaged by making good use of live videos. Instagram, Facebook, and YouTube stories have been coming alive for the last half-decade. First came Snapchat with the concept of ”My Story,” followed by Instagram, Facebook while Youtube unrevealed their story format.

social media stories trends

Through social media stories, businesses can directly market themselves to their audience by reviewing their product, showing them ” behind the scenes,” of the products, or about the employees who have been apart? With these effective methods, you can easily target your desired audiences effectively almost anywhere and everywhere!

6)  Social Messaging apps:

You and I every one of us are into messaging with each other. The recent trend is social messaging apps whereas people are spending more time texting each other, it makes total sense that marketing your products and services here is the right place for you to engage with your potential customers.

social messaging apps

These apps can be very beneficial in sending messages to your customers directly, whether it is an instant sales reply or feedback! Furthermore, people expect businesses to be present in messaging apps so that they could directly deal and interact with you. Also, 70% of the world’s population are willing to shop at companies that interact with enough social messaging apps.

7) Virtual Reality & Augmented reality:

Virtual reality aims at creating a computer-generated experience for customers using specialized technologies and software. You can use VR to make your products/services advertisements 10x more appealing to your customers than an ordinary advertisement. Augmented reality for digital marketing trends in 2019 has made businesses in recent times to reach out customers effectively in different technologized ways. If you are not sure whether to use this tech or not, you should probably clearly understand the benefits and what it offers to you in real tech life.

virtual reality & augmented reality

For example, an international brand in India IKEA is where it allows and helps place their furniture accordingly to your customers’ expectations. Here, customers can enjoy every bit of looking at their furniture placements.

8) Geo – location-targeted advertisements will become popular.

 What is the significant thing in any digital marketing strategy? Location!

Location is the main key role whether it is advertising or marketing your product. Showing your product/service at the right time in the right place is an important digital marketing trend in 2019.

Other than that, appearing in the right location is equally important. If you want to make your brand withstand the most compared to the rest of your competitors then you will have to start communicating brand messages in the user’s native language, which will make a difference.

geo- location

On the other hand, also demonstrating geo contents to your users will help you get into business more easily. For successful branding, you may also implement local content marketing strategies for your campaign leading it to a trend. Therefore, partnering with local influencers will help you get easily handle local advertisements around!

Final Wrap:

The era of digital marketing has absolutely no ending for the upcoming decades in trends changing, until dusk till dawn!

Being said this, meantime I hope the above given ” Digital marketing trends in 2019,” might have brought in some ideas on how the newest trends that already exist looks like, also helping you with foreseeing the upcoming trends for the next decades.

Have you started following them, yet for your business? On the downside topic, I have given you the top 08 digital marketing trends currently conquering the 21st century. Take a deep look at every trend and know how it is or would work for your business and customer relationship. Further side, it would be great if you could come back here and tell me about your most beneficial trend that would help your businesses’ enhancement. I bet you will have something to say!

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29 MarResearch

Top 10 Decisions That Entrepreneurs Took, Which They Regretted Later

There’s no other way to say it – Starting a company is tough, and venturing into entrepreneurship is not intended for the faint-hearted.

Entrepreneurship offers boundless potential for those who tender absolute belief in it and live by its norms. At the same time, however, it is also a way of living that can rework the entire course of your life.

An extremely fine line that separates success and failure in the field of business and Entrepreneurship offers no way around it – you either head in the right direction or not.

So what defines success if there are so many variables that can lead to failure impacting revenue, confidence, and even moral strength?

No one’s ever born an expert. Before you learn how to run, you need to learn to walk and how many times have you fallen down before you took your very first steps?

We’ve compiled a list of entrepreneurs who were initially struck down by questionable decisions. Having understood and rectified them, they are now successful entrepreneurs. Don’t you want to be one too?

There isn’t any success Manthra for an ideal entrepreneur experience. And by this article, we try to represent the strength every person needs to possess in turning defeats into victory – “The Entrepreneur Mindset”.

1.    Leo Laporte- Founder TWiT Networks

Leo Laporte had initially struggled over the course of starting the company. He developed a range of skills in multiple respects and tried to do everything on his own, which even you would be under the decision right now. This ultimately ended with him having a lot more on his plate and not finding enough time to actually run his business.

But after hiring a business partner and successful delegation of duties, he was finally able to manage the business and finally obtain a profitable turnover.

Effective leadership is when you take in your workforce into a single entity that works effectively towards a commonly manifested objective.

leo laporte- founder twit networks

 

“Deleted Twitter and Facebook from all my mobile devices and it feels so good!
I just dont need the drama” 

 

2.  Rand Fishkin – CEO of Moz, Co-Founder of Inbound.org

Rand was initially fond of only “big-bang” projects, ones that had a development time of more than a few years. Although a few of them clicked right away, as time went by unexpected delays caused them to shelve many of them, which took a profound toll on their revenue.

He says that “Missing something you budget and plan for by more than a year is really bad news in the startup world.”

rand fishkin ceo of moz , co-founder of inbound.org

“Best way to sell something: don’t sell anything.
Earn the awareness, respect, and trust of those who might buy.”

 

 3.  Sandi MacPherson – Editor-in-Chief, Quibb

Sandi went almost 6 months developing a product that believe it or not, she thought she wouldn’t even use quite often. Making a product that isn’t sold brings resounding losses in money, time, and most importantly your company’s stature in the market.

Every CEO needs a distinct understanding of the market understanding the trends of sales with a fair share of experience in investing in the right opportunity.

sandi macpherson ,editor-in-chief, quibb

“The welcome email is your best opportunity to develop a relationship with
someone who’s already interested in your product..”

 

4.  Dharmesh Shah – Co-Founder and CTO, HubSpot

Having successfully built a software company with $10million+ revenue, Dharmesh went on ride his luck by being a parallel entrepreneur by building a different startup. That proved to be more bane than a boon for him. His initial team felt left abandoned while the new one couldn’t gather enough revenue in the market.

Startups require a lot of effort to stay successful in the market with everyone trying to better their competitors. It’s a full time- consuming job that requires your complete and vigorous passion.

dharmesh shah – co-founder and cto, hubspot

“Sleep is that time you’re working on startup problems with you eyes closed.”

 

5.  Hiten Shah, Co-Founder at KISSmetrics

Hiten Shah spent close to a million dollars on a web hosting company, by perfecting in all respects. However, the company failed in being a genuine crowd-puller leading to a heavy loss of revenue.

However, by focusing on the needs of the customer together with analyzing growth potential Hiten was able to co-found two highly successful analytic companies –KISSmetrics and Crazy Egg.

Starting a company with simply the initial urge will only lead you in the opposite direction. Entrepreneurship is all about choosing the smartest way to work.

hiten shah, co-founder at kissmetrics

 

“In my experience, human problems are the biggest threat to a company’s well-being, and it usually happens when there’s office politics, you’re too distant from your team, or you’re way too involved (two extremes).”

 

6. David Lucatch, founder and CEO of Yappn Corp.

The initial years of Yappn Corp. were filled with the struggle for David Lucatch. However, nothing was proving to be heading in the right direction.  Failure tends to leave a mark on oneself that can only be confounded by success.

David Lucatch continued persevering and after a few months, Yappn started gaining remarkable market share.

david lucatch, founder and ceo of yappn corp.

 

“During these trying times, I poured all my energy and focus into doing whatever it took to succeed and leading my team by example.”

 

7.  Derek Sivers – Founder of CD Baby

Derek Sivers had a rather confronting experience in the past with his employees who staged a mutiny to get rid of him. They were focused primarily on benefits rather than cliental.

However, only in the future did he realize he could easily have prevented an occurrence that impacted the culture of the organization.

His words – “Fire the rotten apple in your bunch immediately”.

derek sivers – founder of cd baby

 

“Don’t be on your deathbed someday, having squandered your one chance at life, full of regret because you pursued little distractions instead of big dreams.”

 

8.  Fred Smith – CEO, FedEx Express

FedEx was able to build its business model revolutionized the shipping industry but before its success, Fred Smith’s college professor disagreed to it and he even received a poor grade on an assignment where he pitched the idea for the company. No one remembers the professor, but now everyone remembers Fred.

fred smith ,ceo, fedex express

“Leaders get out in front and stay there by raising the standards by which they judge themselves—and by which they are willing to be judged.”

 

9.  Leo Babauta – Best-selling author

Leo toiled at a dead-end job he hated for a long period of time and attributes it to “the fear of failure and lack of belief”.

Finally, his venture into blog writing has now made him a bestselling author and now he says, “Knowing what I know now, I’d have started a decade earlier.”

Starting late indeed is the worst-case scenario. Attributing fear to fuel your desire can certainly drive you to maintain your goal of being a successful entrepreneur.

leo babauta – best-selling author

 

 “Doing a huge number of things doesn’t mean you’re getting anything meaningful done.”

 

10. Jeff Bezos- CEO, Amazon

Before Amazon became a household name, Jeff had several failed ideas- one of which was an auction website, zShops that failed miserably. However, he repurposed the idea into what would eventually become the Amazon Marketplace.

jeff bezos- ceo, amazon

Blood, Sweat, and Tears; paired with countless sacrifices, pains and losses is what a startup is made of. Market Validation is vital because you won’t get investors if you don’t know your numbers. Your idea is your brainchild, so stick to it even when all the odds are against you.

Each and every one of these entrepreneurs you saw above is human. They take failure as stepping stones to success without losing an ounce of self-belief. Their positive reaction to defeats is what allows us to label the term “successful” before their designation as Entrepreneurs.

“We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.”

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15 JunResearch

5 Reasons Why Now Is The Best Time To Start Your Sri Lanka Startup

For how many years are you telling yourself that you are going to start your own business and quit your job one day?

For how many more years are you going to live with the job that you don’t like at all, as you don’t have the gut to put your bright business idea ( If you are actionable ) out there? Whether it’s fear of failure, lack of confidence or resources or not being able to go against your loving parents to give up on your safe job, you are pushing your freedom of money, life’s happiness and entrepreneurial dream further away.

Today is that ‘one day’ you stop procrastinating and start working on the next step to bring your startup dream closer. Because in this post I’ll show you why ‘Today’ is the best day and ‘Now’ is the best time to nurture your startup seed..

After 2015, Sri Lanka’s startup ecosystem started to burgeon steadily with newly emerged opportunities for young tech freaks to take their innovative ideas to the commercial level.

With a growth index of 7.4 aspiring startup ecosystem of Sri Lanka(Source- Startup Sri Lanka Report | SLASSCOM) rise year by year prospering the island with more and more startup seeds while generating new career opportunities and contributing to the economy of Sri Lanka

best time to start your Sri Lanka startup

For the determined individuals with innovative ideas and zero interest for typical day jobs, Sri Lanka provides you with everything a startup needs to thrive at your figure tip. It will only cost a strong will power to hustle off until you succeed and a wise strategy in place.

While many complain the government about the policies, financial matters and other challenges, Sri Lankan startup environment has grown immensely. Today, Sri Lanka proudly owns 150-300 tech startups in the ecosystem and 65% of these entrepreneurs exceed 150 million revenue (Source- which is indeed a considerable growth compared to the past years.

With the attention of the government, other organizations, new emerging investors and young successful entrepreneurs with hearts willing to give a hand to the new startups, the startup ecosystem keeps expanding and evolving creating more and more space for ambitious Sri Lankan techies.

Here are 5 things that testify that ‘Now’ is the best time to start your Sri Lanka startup’.
For those who are still waiting for everything to become perfect to put your business idea to action.

 

1.Government support

By witnessing the success, job opportunities created and the economic support startups can add in strengthening the island’s economy, Sri Lankan government has started to pay their attention to help the thriving youngster techies around the island with new policies, law enforcement, banking facilities and more. Though the reliefs are not even close to what they can amend to help young entrepreneurs, it’s safe to say that it’s a good start. Here are some of the best examples that provide testaments that government encourage startups to thrive.

  • Government’s announcement of 200% Capital Allowances for business making investments in the Northern Province and 100% Capital Allowance for Eastern Province Investors.(Source-National Budget Proposal 2017 )

 

national budget proposal 2017

 

  • “Sri Lanka Export Development Board (SLEDB) has implemented a budget proposal on Start-up funding in 2016, where 26 Startups had been recommended by a committee appointed by the EDB for concessionary loans provided by State Banks”(Source -EDB)
  • Dedicating segment name ‘Start-Up Pavilion’ for startups and innovators to showcase their products and solutions in ‘INFOTEL,’ one of the biggest tech exhibition in Sri Lanka organize by EDB, providing more exposure for startups and innovators.

 

2.More funding opportunities

Apart from, investing your personal money, applying for a bank loan and asking money from your rich parents and friends, there are several ways to fund your business idea. These are few of them.

  • Startup programs
  • Crowdfunding
  • Angel Investors and Venture Capitalists
  • Grants
  • Zero Interest MSME Loans
  • Catalyst support
more funding opportunities

Image Credits: Readme.lk

Enriched with investors of Sri Lanka and from around the world, Sri Lanka’s startup ecosystem now offers you better funding opportunities than ever. With the immense growth and significant achievements and success of Sri Lankan entrepreneurs, the ecosystem is grabbing more and more attention of local investors while other international investors are realizing that Sri Lanka is a safe place to invest with favourable geopolitics and healthy economic growth and stability. This has increased funding opportunities for determined tech-stars out there.

 

3.Supportive organizations and events

Today, if you have the courage to daydream your startup dream, commit to spend weeks of sleepless nights and dare to get burned and rise from the ashes, figuring out the ‘How to‘ part is not that hard with all the newly born supportive organization and events available in Sri Lanka. BOV Capital and  SLASSCOM are some of the organizations that help startups to grow and ‘Startup Weekend’ and ‘Startup boot camps’ are some of the startup events out there waiting to support young people who are looking forward to taking their business idea to the next level.

srilankan startups

Image Credits: Readme.lk

 

4.Better Mentoring

No matter how great your business idea or product is, lack of knowledge on doing business and management and experience in managing a business take no time to take you down the hill. Which makes getting mentored and receiving guidance extremely important for a startup success.

With the collaborative and supportive community of startup founders and co-founders, experienced industry professionals and successful entrepreneurs who once were individuals with doubt and a business plan, finding mentoring and guidance are not extremely hard in Sri Lankan startup ecosystem as it used to be. In addition, there are many programs that provide guidance and insight in implementing and executing strategies and expanding.

 

5.More incubation opportunities

This is something many startups find tricky with their tight budgets. As the startup current is still immerging in Sri Lanka, every factor isn’t fully completed yet. And incubation is one of them. From finding a working space to accessing resources 0from developing their prototype to taking it to the market, finding facilities and resources are definitely a great challenge for Sri Lankan startups. But, thanks to few of the industry giants in Sri Lanka and some international companies, Sri Lankan startup ecosystem is receiving more incubation opportunities now. Slingshot , a startup incubator/ seed accelerator developed by Hemas PLC, John Keels X and Yarl IT Hub are few good example for this.

Here is a list of people and organizations who are willing to nourish your seed in various ways including, funding, market reach, resources, mentoring, business skills, strategy and more.

Startup incubators
  • Lankan Angel Network
  • Venture Engine
  • BOV Capital
  • Startup X Foundry
  • Yarl IT Hub
  • Crowdisland
  • Youth Business Sri Lanka
  • East West Capital Group
  • Spiralation
  • John Keells
  • Lanka Ventures PLC
Conclusion

Without no argument, Sri Lanka is still not a healthy place for startups comparing what we have in Sri Lanka with Silicon Valley or other regional startup hubs. Yet, Sri Lanka offers enough resources and facilities to ensure successful startup seed growth.

When considering all the market opportunities and flourishing funding, mentoring and other essential startup opportunities and most importantly all the inspiring startup successes born in Sri Lanka it’s clear that startups culture will grow faster and faster year by year.

So, it’s crystal clear that ’Now’ is the best time to do the research it takes, makes a solid business plan, practices your pitch and launch a mission to bring your business idea to life before the ecosystem gets too competitive.

Read More
12 NovResearch

20 Fastest Growing Startups In Sri Lanka you need to know about

Sri Lanka is no Silicon Valley, but in the recent years, we happen to see a lot of startups in the environment. There are even events that help young generations to focus on innovative startups to develop this ecosystem. According to SLASSCOM’s survey report, there are 225 entrepreneurs in with 75% of them are just between the age of 25-35. It is also noticeable that such startups have influenced the economy pattern of the nation in a positive way as well. Not to mention, the revenue of such entrepreneurs is above LKR150M.

With 18 investors in the country, many entrepreneurs are coming up with their innovative ideas that lead them to the business of that innovations as well. It is also to be told that according to the Budget proposal by the Sri Lankan government for the year 2017, it is clearly shown that the government wants more startups around the country, especially in North and East. And that is partly why they have decided to get 200% Capital Allowances for Northern Province Investors, and 100% Capital Allowance for Eastern Province Investors.

It is not only about the role these startups play in the economy but also about the progress the following startups have seen in their milestones and achievements. Although there are successful startups, I think startups that have recently set their foot into it need some recognition among the locals.

I have chosen 20 of the startups in Sri Lanka among the 100s of the startups that are fast growing and that need to be encouraged in the market to innovate and achieve more.

 1. PickMe

PickMe is the Sri Lankan version of Uber. Being intrigued by the technology behind Uber, Jiffry Zulfer, the founder of PickMe, worked on to know more about GPS and GIS system. Along with the knowledge of the technology and good business mind, Jiffry and two other worked together in bringing the similar concept for the locals. But the process of bringing the product to live was hard. Jiffry and the team had to work on the concept, convincing the investors and being something new, something unique on what Uber didn’t have then. Moreover, the team wanted to revolutionze the tuk tuk system in Sri Lanka. The features of PickMe was what that interested the people here, and  The assistance of Google Maps and GPS system made things easier to calculate the fare as well. Since Uber is pretty late in Sri Lanka, it is currently a “PickMe Vs Uber” that is taking over the taxi industry in Sri Lanka.

A map with various shades of grey. Great for a website with a really dark theme.

2. Takas.lk

Takas.lk is a product of a young man who dared to oppose his family to achieve what he wants. Being a psychology student in the US, Lahiru Pathmal quit his studies and came back home to start this online portal, Takas with others  Dilendra Wimalasekara and Murtaza Moosajee. Since he wouldn’t get a job from any of the corporate companies on the island, he decided to get his dream company born. Takas is a platform that will get electronics orders in their portal to be delivered to the doorstep. Since there are warranties for the goods bought and the sources of goods are from the reputed stores which the customers find quite supportive.

Sri Lanka's Largest Online Shopping Store Takas.lk

3. 24/7 Techies.com

The man behind the tech support startup is Dilendra Wimalasekere who decided to provide an online portal to those in needs with technical supports in handling the latest technology. Dilendra stepped into this technology sector back in 1996 through his first company Eureka Technology Partners. Following that, he began 24/7 Techies as an online tech support which is also a part of Eureka Technologies. Right now, the company is an “accredited partner of Cisco and VMware.”

24/7Computer Tech Support for Microsoft Windows and MAC

4. Liveroom

Liveroom is an Augmented Reality and Virtual Reality platform development for those who wants their imagination turned into reality. Sameera Nilupul and Chameera Wijebandara were at the university when they developed this product as their final project. Finishing their Graduation they established it into a business through the money they have collected from their family and friends. The Liveroom is basically to make sure that you never buy a bad product!

LiveRoom - Never Make Another Bad Purchase

5. Senzmate.com

Johnirajh Antoncrisis and Jeyjenthan Tharmakulasingam are two outputs of the University of Moratuwa, who are actually from Jaffna. They have grown up seeing continuous climatic change especially drought which made them think of using their passion in electronics to assist the farmers during drought. Their first product was an automated sprinkler system called Digital Irrigation Automation (DIA) which would detect the environment and water the plants according to the environment. Following their innovation, they decided to build more similar products which enterprises and business would use. That was the birth of this startup, Senzmate– an IoT-based startup in Sri Lanka.

SenzMate is a Sri Lankan based IoT (Internet of Things) Solution company which provides end to end IoT and M2M solutions for innovative enterprise applications

6. Erbenlab

Unlike the other famous startups of Silicon Valley which began with garages, the story of Erbenlab began from Sachira Fernando’s bedroom. Sachira, who started coding since the age of 10, has set up a forum site, ElaKiri.com, with his friends and started it as an e-mag. And in 2009, it was ranked as the 11th site that got more traffic. At that time, there are was no Facebook event, but the site has been covering and running events.

The fun forum site gradually brought up this idea, Cloudsense ERP. Sachira decided to give up on WordPress and started on cloud computing which also focused on Sri Lankan IoT Market. This project is based on the artificial intelligent cloud-based application system development which will be a resource management and planning system for the SMEs. It is notable that this product represented Sri Lanka for the 4Y4N 2016 at Barcelona, and was recognized by AWWARDS.

And then there is NicNac, one of their online product. Running errands in cities can be sometimes annoying and frustrating. NicNac allows you to order anything ranging from laundry to medical, most importantly the license recovery. NicNac is going to purchase (get them) for you with some delivery cost. Everything you have ordered will be at your doorstep, simple as that.

Erbenlab - Mobile Solutions | Mobile Application Developers | Mobile Commerce | iPhone, iPad & Android Development

7. BusSeat.lk

BusSeat is a product of Prasanth.The product’s prototype was first launched at Yarl Geek Challenge season 3. Their product was later invested by Lankan Angel Investors and turned into a startup. It is the potential and the dedication of the team that got recognized by the right people through the right platform to get it into the niche. What busSeat.lk does is that they give the customers and bus owners a common online platform to sell and buy bus tickets. The customer could buy tickets online through the online payment gateway or as direct cash and in return to confirm the booking, a text message with the details of the seats booked by the user will be sent. They have also developed a mobile app for the bus owners to get easy access to the seats booked online to make the manual booking easier.

BusSeat.lk : Online Bus Ticket Booking Service Sri Lanka

8. Trackme

Trackme is another local startup that is built to track everything connected online as the user wants. The devices that are integrated with their systems can be connected and tracked through the available GPS system. Interestingly, their services are extended broadly according to the users’ need. The app is available for mobile and PC as well with the Trackme Features like “Real time location details” and fall detection. The idea is to make sure that loved ones are safe!

TrackMe | Free GPS Tracking Service

9. Emojot.

Emojis have taken over everywhere. Wouldn’t it be better to collect user’s feedback through emoji, rather than typing paragraphs of comments? In 2014, Emojot was founded by Shahani Markus, Manjula Dissanayake, Andun S. L. Gunewardena and Sachintha Rajith which will allow the users to express their feeling about an event. This is a duplex system that gives a real-time update to the contexts.

Emojot successfully closes Series of Seed funding round of $ 1 million from Asian and US investors. Emojot team also participated in the RISE conference that took place in Hong Kong July 31 – August 1. They got to participate in that conference because their product is the only platform for now that can ‘analyze streaming of crowd perception to meaningfully respond to targeted client segments in real-time.’

Emojot - Emote the perception

10. OMAK Technologies

How long are we to have the same routine whenever we go to a hotel or restaurant to eat? Ehantha Sirisena wanted to bring a change in the experience the customer and owner of restaurants. The result was OMAK Technologies. This startup focuses on giving the best to the diner and the owner of the restaurant. The main service is done through getting the total hotel management that is from ordering a food to getting the bill, digitized. The company provides its services through the packages like OMAK POS 360, which helps the hotels in boosting their sales and revenue and building an effective and efficient customer relationship. And then there is Reztguru that handles the reservation and online ordering. OMAK technologies is a solution for those hotel and restuarant owners who want to provide a digitized services.

OMAK Technologies - Restaurant Management | POS | Mobile Apps | Web Applications

11. LayUp

It is time to revolutionize the way of learning. LayUp is the new version of e-learning that implies the “Engaged Education Methodology” as an agile 3-step learning methodology. The cloud computing system allows the ones with the access to study from anywhere and collaborate anytime. Layup being the brainchild by Sheran Corera, has won the best startup award of Seedstar Colombo, 2016. And the startup will be competing for the Seedstars Summit in Switzerland in March 2017 for $1 million in equity investment.

LayUp - The learning driven social platform

12. HypeHash

Not everyone knows about the trending topic on social media. Trends are usually decided through the hashtags. Hyperhash is the ‘world’s first trending hashtag based merchandise platform’ where users can find the sales related trends and this gets the sellers and buyers get collaborated. The platform has 1,100 designers and sellers  from the world while the number of fans collaborating through this platform is almost 2,130. Being a Seed-star Colombo winner, the startup is the product of Ravihans Wetakepotha. The interesting startup has also been recognized through AngelHack and the team behind the startup is about to fly to the Silicon Valley’s investor pitch!

HYPEHASH

13. Katha, now known as ShortKast

Mahen Ratnayake and Mudith Uswatta are the men behind this interesting app called Katha. It is a social media app that allows its users to share or collaborate with their followers through voice casts instead of texting,and it is actually a different way of podcasting.

The journey of Katha began on 2013 by the above said youngsters for “HSBC Youth Entrepreneurship Awards.” It is during this award selection, Mahen and Mudith became friends and started working on this app for Colombo Hackathon. They became one of the winners and the judges who were from Lankan Angel networks got them into Venture Engines as well. Handshaking with Lankan angel networks, they started planning and building the app with the guidance of the investors. With the beta testing of the app in 2015, a few months later Katha came official to the wide world. And recently they have modified Katha and renamed it as ShortKast with the fully different app. An app built with the lessons learned from Katha. And its beta version is only available on Martket for now.

Katha: Podcasting and Audio Messaging reimagined

14. Quickee

There is nothing annoying like going into a supermarket during the rush hours, or when it is really late. As a solution to such problem comes in Quickee.lk. Ashan Whittall and Mariam Moosa are the minds behind Quickee.lk that was launched back in 2013 (and got revamped recently.) The idea of Quickee is to deliver goods you need at your doorstep. They provide their services until 3 in the morning so that you don’t have to worry about your safety in getting into a supermarket to get goods.  All you have to do is buzz them and hand them the list of things you need and they’ll get everything you need to your door.

 Quickee Delivery Solutions (Private) Ltd

15. Trekurious – This Startup Permanently Closed.

Replacing a tour guide is not an easy task, says Rukmankan Sivaloganathan and Dilendra Wimalasekere out of their experience in 2012. The result of his tour experience was Trekurious.com. Through Trekurious a tourist in Sri Lanka could find better places to dine at and to get better experiences through activities that can be done in Sri Lanka. Interestingly, you can purchase locally made gift items and book the needed experiences at Sri Lanka. You can make your vacation experiences more interesting and valuable through Trekurious that has also established its branch in Bombay.

Trekurious - What's On The Menu Today

16. Creately ( Startup now emerged as Corporate Company )

Cinergrix is a Sri Lankan company registered in Australia which is a brainchild of Chandika Jayasundra. In 2008, Cinergrix launched their software, Creately which is a diagramming tool. The concept of Creately is to give a web-based diagramming tool for those in needs of making diagrams like the flow chart. Back then it was built by a bunch coders from Borella who were into hacking. Chandika has been named in Echelon Magazine’s 40 under 40, a list of some of 2014’s biggest “risk takers and rule breakers”. Not to mention that his partner in crime, Hiraash was also very fond into technology. It is both their effort and hard-work that brought a team behind which Creately was built by. Within a year it came to a hit and is being used by the very well known companies like PayPal, Ebay, Amazon, IBM, Nat Geo, Google, Adobe, and even NASA.

Creately – Online Diagramming and Design | diGIT Magazine Sri Lanka

17. PayHere 

With the emergence of several eCommerce platforms, there is a need for Sri Lankans to have a proper online transaction method. With no PayPal available in SriLanka, Dhanika who is the founder of Bhasha has brought Payhere as a solution to the above said problem. Bhasha wants to localize all software for Sri Lankans. And Payhere is going to act in the way how PayPal function to the world. Dhanika Perera calls it a “comprehensive solution for online payment barriers in Sri Lanka, offering Online Payment Accepting facilities to Sri Lankan Online Merchants in a convenient & affordable way, with a mission to Empower Sri Lankan eCommerce Industry.” It basically provides a platform for online payment facilities to the ones in Sri Lanka. In Spite of the charge for every transaction, you are free of charge to set up an account on Payhere, unlike the local banks. For those who worry that there is no PayPal in Sri Lanka, here is your answer.

PayHere - Digital Payments Platform of Sri Lanka

18. ShoutOut

Wanted to stay connected to the customers, and want their real time feedback? ShoutOut is one of the solutions that is available to the local merchants to collaborate with their customers and feel more engaged than the usual collaboration. It is a data-driven collaborating platform that connects you to the customer through real-time connections and automated messages to the clients. The product is the dream of Tharindu Dassanayake who badly wanted to give the best of the best services to the customers.

Data Driven SMS/Email Communication Platform

19. Kadira.io

Lots of web app developing companies develop web apps through Meteor Real Time web framework. But when it comes to fixing such web application, most of the web app developers struggle. Kadira.io, the brainchild of Arunoda Susiripala is a solution to such technical issues with Meteor development. It is a Meteor Error tracking system that is transparent to the meteor based app developers that show what exactly is happening with the framework.

Kadira.io

20. Law| Envoy

Law | Envoy is a product of  Damith Amarakoon and Kalinga Gunawardana. It is a cloud-based intelligence program that helps lawyers and other legal officers with research and various other professional practices. This doesn’t stop with getting all lawyers in a platform, but also works on helping the organizations with legal decision making through massive of information.

LawEnvoy | Empowered Lawyering

Conclusion.

All the above said 20 startups are still budding ones, but fast budding ones. It is notable that such startups are innovation and most of them are IT based startups. With the gradually increasing internet penetration rate, it is interesting to see these companies already onto using www as a platform to monetize their innovations. I personally feel that such immense of interest shown into innovations and startups should be appreciable for the broad view of the founders of their market.

There are several other local startups I might have happened to miss while writing. If you find something missing, why not let us know them through the comment box below so that our reader know more of them.

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21 OctResearch

Freelancer Vs Entrepreneur Vs Businessman. Which type are you?

“I have an idea and going to get into a startup.”  “I don’t have to go somewhere else for work; I can take over my dad’s business.” “I am interested in working on my own.”

These are a few conversations we happen to come across in our daily lives. We see youngsters dreaming about the way of making money, and we wait to see some succeeding and another failing in one way or another.

Why do a few succeed while others’ dreams vanish into a “poof”?

I think it is because of what and how we define every future vision or the ways to make ourselves wealthy.

There are lots of definitions which are going or are waiting to, describe who we are in this life journey and every part of our life.

Talking about every particle of life in a blog is impossible. Therefore, I am going to take you on tour around the part of life where we turn to make money to determine our lives and the lives of the individuals who are us.

The top way to earn money, these days, is to get into a business. But there are different roles in this business world, and this blog focuses on the top three options: freelancer, entrepreneur, and business-minded person.

Let’s look at what their lifestyle is like, and you can, in the end, choose who you want to be.

Freelancer for the beginning

According to the definitions provided widely, a freelancer is a self-employed individual who works on several assignments as he or she prefers. But, being self-employed doesn’t mean that you are a freelancer because it is a  life with several attributes and attitudes of yours.

So what does it look like to be a freelancer?

Firstly, If you are a freelancer, you are an independent worker. You are not going to work under someone, or going to take orders from anyone but you. Freelancing is going to be your world, and you are going to rule yourself. Therefore, you can choose your clients and your work location. Your clients are going to be short-term ones and your working locations can constantly be changing. You can work from your room, coffee table, a cafe or from your vacation spot. Your workplace is not going to be restricted to a 5 feet cabin. Also, you determine how much you are going to get paid for a task to be done. Every extra work you do for your client doesn’t have to be free, and you can be demanding a few $$$ for that.

Most of the freelancers are work-oriented, and as I have already mentioned, their life revolves around freelancing. There will be a thirst for money induced through the multi-tasks that fill your bank accounts. This attitude of yours will be driving you away from your family, friend circle, and society. It also means that you are going to be alone on this journey. Plus, your work sticks to the deadlines of your several commitments for several different clients. Unless you are good at finishing your projects before the deadline, you are going to suffocate without fun and travel.

The Final thing about being a freelancer is, it wouldn’t give you recognition in your society. It is mainly because of job insecurity. You will have projects today at your hand, but your future projects are never sure. You might or might not have projects in your hand. You might be rich through freelancing, but people would still question the lasting of your money.

And making money isn’t everything, is it?

That is the general lifestyle of a freelancer. But, the lifestyle of a business person is going to be entirely different. If you are a freelancer who thinks that you are a business person, let me guide you into the lifestyle of a business person.

How does the life of a business person look like?

Like the freelancer, the business person is going to be independent too. Again, you are the boss of the company, and you are the decision-makers. You can decide your clients and colleagues. Since most of your time will be shared with your business and your company, it provides all the possibilities for you to learn, and enhance your business. Plus, all the rewards of the company will come unto you, which will eventually give you recognition in your community.

But, the lives of a business person is not easy as it seems. Most the business minded individuals enter the industrial world with existing ideas. Either they take up an existing company, or an idea. Working on an existing idea means, you have to compete with the existing champions and keep up the hard work to stay on the top.

Most business individuals would want to do this for the sake of profit and scared of losing what they have invested. It is mostly about money. Avoiding taking risks or trying new chances, you would only want to focus on what you could do instead of the risks.

And, your business mind will enforce you to think of the possibilities where you can invest your money, rather than risking taking with that money.

Your mindset is going to see competition seriously and will make you want to win the race. You would want to think of all the possibilities to beat your competitors.

This would also mean that you are going to get everything you could from your employee’s skills. The relationship between you and your employee will be a more boss-employee relationship, than a friendly one.

You can be a better Business person now, but life is not all about business, is it? Still, you can try to be a mixture of a business-minded entrepreneur. But wouldn’t you want to know what it looks like to be an entrepreneur?

What is it like to be an entrepreneur?

If I ask you to name a few entrepreneurs, you would start from Mark Zuckerberg, our Facebook Boy, and go on to Walt Disney.

What makes them so special and recognizable in the world?

From the biographies, autobiographies, and interviews I happen to come across these game-changers, they live a unique life.

Let’s have a look at Mark Zuckerberg, the Facebook guy; he came up with the idea that has shaken the social media world and almost the digital world. If you look into his story, he and his team came up with the idea that involved their skills. This idea and skills put together eventually turned into a startup that is now a big company providing a job for thousands of co-workers.

It is how most entrepreneurs start their journey. They turn into one who wants to change the world in some way, and they use their ideas and skills to work on it.

Although the foundation of such startups will be laid by one man, or a few individuals who worked on the idea, the company, its tasks, and its future are mostly automated and the workload is shared among the staffs.

elon musk

Most of the entrepreneurs are “start then, and there” type and they are risk-takers. Most of the famous entrepreneurs’ risk taking actions began in dropping out of school or colleges. Since they are instant decision-makers, they know that it is better to give a try and either succeed or learn a lesson, than to regret it later in life.

An entrepreneur is a very much good at managing his/her time for his/her office life and his/her personal life. It is because they have their tasks automated and shared among their staffs so that the entrepreneur is not struggling alone like a freelancer.

Naturally, entrepreneurs are leaders. They believe in working, collaborating, and bringing the best out of their colleagues. The boss-employee relationship is taboo, and it is mostly”all colleagues are equal” type of relationship. Entrepreneurs are good at taking care of their co-workers as a parent caring for his or her children, which would make the staffs feel comfortable in the workplace and out of the workplace. Also, an entrepreneur is always willing to share his or her knowledge with colleagues and be more transparent.

In a few words, an entrepreneur is an entrepreneur, manager, risk-taker, a parent to his colleagues, and inspiration in the office.

Summing-up

No job is easy. Let it be a freelancer, an entrepreneur, or a business person you have to face quite a lot of struggles. If you are a freelancer, you can be self-employed and rich. Still, you would have to worry about being not recognized among your circles and not spending enough time to spend with your family and environment. Being a business person, you will have your company and professional network. Still, you’re going to miss your personal life. Although an entrepreneur at the beginning has to struggle, gradually you will learn to manage your official and personal life. Since you are teaching everyone around you to walk beside you rather than follow you, you would have a positive environment around you.

In this Freelancer Vs Entrepreneur Vs business person race, you are to decide who you are. So decide what you want to be: a freelancer, an entrepreneur, or a business person.

Also, I have only given an overall view of the lifestyles of the freelancers, entrepreneurs, and business guys. You might be one of them I have spoken of, or you might have happened to work with them, hence let your thoughts and experiences flow in our comment box.

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20 OctResearch

Secrets For The Internet Penetration in Sri Lanka 2016 Revealed.

We are well past the 3rd Quarter of 2016, so it might be the ideal time to see how we Sri Lankan’s have used the Internet and Social Media so far. The internet penetration in  Sri Lanka 2016 a remarkable growth of mobile broadband connections and an exceptional growth of fixed the internet connection demand, the country is making a digital hub with the growth of e-commerce industry in Sri Lanka. Sri Lankan’s general lifestyle has changed with the internet penetration growth within last few years.

One of the major aspects that have enriched and enhanced in Sri Lankans’ lifestyle is the easy accessibility to the internet via smartphones and other technological devices. It plays an integral part in our day to day life by facilitating us with mobile banking, bill payments, and online shopping.

However, Sri Lanka’s average  internet usage is increasing gradually with regards to the previous decade. According to the Colombo Digital Marketer, the number of active internet users in Sri Lanka is more than 5 Million. The reasons behind the growth of the internet penetration Sri Lanka are smartphone usage, the popularity of social media channels, the growth of e-commerce, the growth of academic systems, the growth of digital marketing efforts, gaming, online jobs, and the industrial and commercial factors.

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Internet Penetration Statistics 2016

According to Internetlivestats.com, currently Sri Lanka has 6,087,164 internet users, and it is 29.3% of the total population. It’s a share of 0.2% out of 3,424,971,237 internet users worldwide.  We can see a huge growth if we compare the stats with the year 2011. The current number of Facebook users is more than 3.5 million and according to Colombo Digital Marketer, more than 60K Sri Lankan’s using Instagram.  But we can see a considerable growth of users and the presence of marketers on Instagram within this year.

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The Internet has changed Sri Lankans’ Lifestyle

The internet has changed Sri Lankans’ life with communicational advancement through the apps like Viber, What’s app and Facebook Messenger. Localizing these apps with local languages and the apps like Viber have standardized and adapted among Sri Lankans’ by offering the chat stickers with local languages.  According to dailyft, Sri Lanka has over 5.3 million Viber users and Sri Lanka has  became a one  of top 5 markets for Viber sticker usage. Androidian.lk says Viber is the most famous messaging app among Sri lankans’ even though Whatsapp is the most popular app globally. The stickers with local languages and offering seasonal stickers might be the reason behind the growth of Viber usage in Sri Lanka.

Viber-Users-in-Srilanka

People tend to log on to the internet for their entertaining purposes rather than watching television or listening to radio.  Many local Facebook pages and websites that entertain people with funny videos, images,  news alerts and articles on social media platforms as well as on the websites.

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Hackathons and workshops happened within last twelve months

We saw a huge amount of hackathons and workshops happening in Sri Lanka within last two years including Startup Weekend Jaffna, Colombo, Disrupt Asia, AngeHack Colombo and much more. The online news media like Readme and Roar have published news articles regarding the hackathons, and they got a considerable engagement for those articles. And also lots of people have shown their interest in these events via social media. It seems people have the curiosity, interest and the knowledge regarding hackathons happening around them and the organizations have sponsored for these events since they have realized the importance of supporting those events

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Telecommunication & technology development

According to ITU statistical market overview, Sri Lanka has a relatively high mobile-cellular penetration, which has more than doubled from around 27% in 2006 to over 87% by the end of  2011 and at the beginning of the year 2012 it was higher than the regional average.  Major mobile operators have introduced 4g LTE to the Sri Lankan market in contrast to 3g technology it is almost four times faster. SLT has introduced fibre to home technology which is almost faster than ADSL, and the major telecommunication providers have updated their backbone network from microwave to fibre.

This telecommunication development has a huge impact the growth of the Internet usage in Sri Lanka, and we can see that the mobile broadband usage has shown a huge growth within last two years.

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Recent Digital Marketing efforts

The marketers have successfully utilized the social media channels to attract their audience mostly in the Western province. The brands like Kelly Felder,   G Flock, Glimmer, Zig Zag have successfully captured their target audience through social media channels.  Facebook giveaways are also quite popular among Sri Lanka’s Facebook communities.  Earlier people used to log on to Facebook for finding friends and use chat option. But at this moment it has become more like a search engine for some people, a news blog a market place and also a communication channel. Recently some brands have done commercials with social media celebrities like Nawran and Podda, and we noticed that they had got a considerable engagement for those commercials on social media. The companies like WSO2, Virtusa, MAS Holdings , Brandix are utilizing their LinkedIn profiles to attract new people and to distribute corporate news and messages.

According to Alexa.com, Ikman.lk, gossiplankanews.com, hirunews.lk, adaderana.lk and baiscopelk.com are the most popular local websites among Sri Lankans.   And most of the GDn ads are make their placements on these top websites to get more online visibility of their brands.  E commerce industry is growing like mushrooms, and recently we saw a growth of courier companies like hire 1 and the companies like WebXpay and <https://www.linkedin.com/company/payhere/?originalSubdomain=lk” target=”_blank” rel=”nofollow noopener”>Payhere which are offering websites, payment gateways for low budget online businesses. It seems the growth of E-commerce industry has given opportunities to new businesses and people are adapting to the digital world, and we will be able to see a huge Internet penetration growth within next few years.

The growth of the internet penetration in Sri Lanka has caused to the commercial and industrial development and also caused to social issues as well. Cyber security has to be controlled, and the people should be educated about using the internet in an ethical way. With the growing telecommunication infrastructure facilities, we can predict more than 35% internet penetration within next few years .

We have seen so many changes in lifestyles, as well as the changes in the corporate sector, and we can expect more in the future as well. More people will get the internet access, and they will spend more time on the internet. The traditional communication media going to be outdated and the social media and other online platforms going to be a single marketplace. What do you say about it? Do you too, like me want to grab the opportunity? If you are going to, then let me know your thoughts in the comment box below. Let’s predict future of it together.

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07 SepResearchSocial MediaSri Lanka

What Should You Do to Take the Lead in Social Media Marketing?

It has turned out into a habit for many to fall asleep on Facebook and wake up on Twitter, and it is one of my habits too.  While some use Social Media as a hobby, others tend to make money through it. But in the process of marketing, how far do the Sri Lankan brands do Social Media marketing? 

Three reasons made me write this post. Firstly, it is the  Social Bakers’ statistics about the leading social media profiles and pages. According to that statistics, I noticed that it is mostly Sri Lankan entertaining sites like Hiru TV and celebrity profiles that are being followed by most of the Lankans, and the local brands don’t top on that overall list. To know further, I checked into the overall profile reach, and I found out that there are brands like Coca-Cola in the top ten. “So why couldn’t the local commercial sites get more fans than the local entertaining sites in social media?” was the only mind voice of mine.   

Secondly, while writing about Digital Marketing in my last post, I happen to notice that most of the local marketers think Social Media Marketing is digital marketing, while it is not. And what Sri Lankans think of social network marketing is posting something about their product on famous social media platforms like Facebook or Twitter and boosting them would attract more users.

Thirdly, in my last post, a user commented on what he felt about social media marketing. The one who commented said that some of these pop-up adverts on social media are more annoying than helping us pick the product or even to check the website about the product. The result of all these reasons is the post.

If new to social media marketing, know why you should do it.

With an internet penetration rate of 29.3% in Sri Lanka, the per cent of active social media users has reached 14% of the population. With the entry of smartphones, most of them use social network platforms on mobile. An overall view suggests that the most frequently used social media platforms, especially on mobile by the locals, are Facebook (94.17%), Twitter(2.62%), Pinterest(0.67%), Google Plus, YouTube, Tumblr, and LinkedIn. This usage rate is the reason for one to make use of social media effectively if he/she is into promoting products and services.

Unlike the traditional marketing methods, this social media marketing allows the marketers to interact with the target audience. Through this relationship, a marketer can analyze the preferences of the users and change his way of marketing according to those wish lists of overall consumers. Plus, it is the portal to get a direct and quick response from the customers, and for the customers to know about products.

Guess what? Social media marketing improvises the brand’s loyalty because of the crowd one has on such platforms. Such loyalty is build up through the brand’s engagement with its audience on the platform they use.

Social media marketing in srilanka

One might have a website, but the traffic the site gets is limited. This social networking is a portal to attract more diverse users to the site one owns. The more one is active on social media, the more the page or profile attract the audience.

Another plus is that the platform, Social Media, is free. Let it be Facebook, Twitter, or Instagram, every platform is open. But, social media marketing tools are not free. There is little cost when using such tools, yet the tools are cheaper when compared to the marketing trends used earlier.

Are you unsure where you fail?


The Biggest Mistakes We See Companies make when they first hit Twitter is to think about it as a channel to push out information.

– Tim O’Rellly & Sarah Milstein 

Most of the marketers kicked off into this social media marketing because they thought it is a cool thing to do, and they entered the virtual world with no objectives. This irresponsibility, I would say, has led them nowhere actually. The reality is that having a thousand followers isn’t the only thing about social media marketing because one cannot make money out of it. What one as a marketer has to do on Social networking platform is entirely different. After an analysis of where marketers fail, let’s look into how one could overcome such failures as well.

Social media marketing failure

  1. How often do you update your pages?
    Most of the local companies have created a Facebook page, Brand’s Twitter and Instagram, but how often do you update your account? While the media sites and celebrities of Sri Lanka frequently update their page to make fans stick with them, brands fail. Regular updates are quite important to show off the followers that the page is still active and worth following.
  2. About what do you post?
    From a user point of view, local marketers seem to focus on posting only about what they sell. But when a new follower check into their social media page, how would he/she feel when he/she sees that everything shared are links to the site? Pretty boring right?
  3. As a marketer, do you monitor your social media sites?
    Like the first reason mentioned here as a failure, most of us don’t take social media severe enough to follow it closely. We fail to hit hard with the fact that social media is one of the leading platforms to “catch” audience and customers if used in the right way.
  4. Are you on the right platform?
    Everyone wants to have an account on popular social networking sites like Facebook and Twitter. But, think. What if your site is not relevant to be on either of those stages, but on stages like LinkedIn and Instagram? Creating a profile on all the social media platform can be stressful when thinking of maintaining them all.
  5. Unsure of when and to which post “boost” option should be used.
    The boost option is to attract new followers. Where our marketers make a mistake is, not choosing the right audience, and not thinking of the alternates like “promoting a post.” But what most of the marketers sometimes do is, boost almost every post they publish which would cost them more than they have allocated.

 

A few handy suggestions to overcome failures

Publish great content — content that teaches people something, entertains them, makes them think or, in some other way, adds value to their lives.

– Brian Boland 

  1. Keep the profile updated.
    It is very much important to stay active on your page (even more than you are on your profile, maybe). Even if there are days when you couldn’t be updated, maintain a regularity or make use of “scheduled posts.”
  2. Publish random posts.
    Don’t stop with publishing about your product; share something you found interesting from other profiles. If you are on Twitter, retweet some tweets from your followers, and let it be something interesting (and that may or may not have to do anything with your product.)
    Publish Random Post
  3. Keep an eye on your social media sites.
    There are tools like Buffer that would not only help you analyze your social media reach, but would also assist you with scheduling your posts for a different social media platform.
  4. Choose the right social media platform.
    Marketing is not seeking publicity. It is promoting your brand and product to potential clients. Therefore there is no need for you to choose the popular social media platform, but the right one. Know your audience, and know about the platforms available to stick with your followers.
  5. Know your content and choose.
    Boosting a post is an option that could be worth enough if you know to handle it. Maybe it is time to stop boosting almost all the post you have shared, and to choose the right one. If you are someone who had made the above-said mistake, start with your “EverGreen posts.” Keep in mind that the “boost” option is to attract new followers, so when boosting let it be a better post. And, do not choose the boost option to make a post reach your “target audience.” Either you could you “promote your post” option for such activities.
Tips and Trick to make the lead in it
  • Use hashtags.
    If you are still trying to attract “like-minded” clients, use Hashtags (#) in your posts. Not all the platforms are going to allow you to use hashtags, yet popular platforms like Facebook, Twitter, Instagram do allow you. Hashtags allow you to engage as a community.
  • Maintain a community.
    Always remember the primary goal of being on social media: to create a network. Just by posting links from your website, or about your product wouldn’t help you. Talk to your audience, and listen to their thoughts. Create a poll, or make them review your product. Use your creative team to make users get engaged with your social media accounts.
  • Do some “re-marketing.”
    There are always some posts that would bring a new audience, maybe because it turned “trendy” recently. Such posts can be re-marketed with relevant hashtags of the “trending” subject.
  • Use images, videos, and GIFS.
    These are known as visual content marketing. I happen to see most of our local marketers using their Television ad promos as Video sharing on Facebook and Twitter. People who watch your ad on TV and Facebook can quickly get bored of seeing the same promotion. Try to do some new uploads. And make sure that your uploads convey your message as well as has a CTA.

Tip and Tricks for social media marketing 2016

  • Write according to the platform
    It is general to post contents on social media, but some platforms are good enough for longer posts while some are not. For example, Twitter doesn’t allow more than 140 characters, so your contents should be catchy and short. While Google plus encourages long timeline conversations more when compared to Facebook. Know your social media platform very well and change your content according to that.
  • Marketing plan
    If you are a starter in doing marketing in social media, make sure you have a plan. Have a SMART (specific, measurable, attainable, relevant, and time-bound) framework when planning your social media marketing.

As a follower of some local brands, I happened to notice how such brands handle their social media. I have covered only a few, yet essential suggestion to the local marketers. If you are a consumer, let us know how you feel about social media marketing and advertising. And if you are a marketer, feel free to share your thoughts on handling social media. Let your thoughts flow in the comment box below.

Adieu.

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22 AugResearchSri Lanka

What has the Internet done to the Sri Lankan Marketing Industry?

As a Sri Lankan, I have spent more time on TV and radio during the civil war. If there is a program on a TV  for 30 minutes, 10-15 minutes would be allocated for advertisements, in other words, promoting brands and products. Sometimes, they used to attract me quite well, but then such ads interrupt my favorite TV or radio shows.  It was after the civil war I got introduced to the internet and social media. My gradual attraction to the internet made me realize that the brands I have seen on TV are more often seen over there too.  I couldn’t understand why I see this. And I wanted to know why, which made me read about it further. I learned that it is the new trend called Digital Marketing. Wait! If Digital Marketing in Sri Lanka is new, then what was the old pattern? I wanted to know it. What I found out as a result of my curiosity is presented below. 

Marketing trends in Sri Lanka

Marketers in Sri Lanka quite well understand how much their internet marketing techniques are dragging the users towards the brand. But the freshers don’t. Marketing and the Internet have got along more often these days than they have been in the earlier stages of digital marketing in Sri Lanka. The record of InternetLiveStats shows that the “internet penetration” rate was 8.8% in 2009 (the year the civil war ended). But, the stats drove up after 2010,  and the recent report announces that the penetration rate has reached 29.3%. This improvement puts Sri Lanka in 57th place among the 201 countries in 2015, according to the InternetLiveStats. Sri Lanka is still a developing in the field of e-commerce. But with the surge of internet penetration, the digital marketing ecosystem is growing too.

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What was marketing like during the Civil War?

Due to civil war, (before 2009) the internet access was pretty down. The locals used traditional marketing methods like printing and broadcasting about products and brands as their marketing strategies. Although it was costly(when compared to the cost of digital marketing now), they had to make use of it, while the world was developing in digital marketing.

Printed media was one of the primary source used for marketing and advertising. The marketers focused on commercializing their products and brands through newspaper advertising, magazines, and leaflets given randomly or during events like an exhibition. Also, to attract the travelers, marketing through huge banners on empty lands was another trend of the time in Marketing.

The next traditional method of marketing was broadcasting or telecasting the promotions. Here more frequently marketers used the celebrities, like cricket players and local cinema stars, to promote their new products or brand. The number of TV watchers and radio listeners were high at that time, at least to get know the conflict updates, which also helped the marketers in promotions to advertise their products.  

Remember when you had to fill up a coupon when you did quite a  big shopping at a shopping mall or supermarket? Mobile number and address are the details you had to fill in such coupon. Ever got promotion notifications from them later? Well, the shopping centers and supermarkets were handling it as another technique to send promotions to its customers. Marketers also dealt with cold calling to convince customers about the products.

Final method was that some companies employed sale representatives. While cold calling was an another way to promote beyond boundaries, sales rep of areas had to take samples of the brands to doorsteps of everyone in the particular range. And, these were all used as marketing methods before  Digital Marketing started to penetrate into Sri Lanka.

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What influence does digital marketing have in Sri Lanka?

The end of Civil War made several opportunities open to the marketers. As the statics above has shown about the internet penetration in Sri Lanka, marketers have started to take advantage of it. Online advertising started parallel to the advertising and marketing through the simplex mode. Some websites started rising, and marketers began to realize the worth of online marketing. Still, only a very few people engaged in that new pattern, maybe because it was the beginning of the era of digital marketing.

For the start, the companies have only been looking to posting ad banners on the websites. For them, it was like posting an advertisement on newspaper. But the actual substance started to click as they began to get to know more about it. Then the companies began to move on to other marketing platforms available on the internet. Also, this new marketing world provided new entrepreneurs an idea. Bang! It gave a few individuals an idea on starting a digital marketing agency.

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Why should the Marketers focus on it?

Firstly, the Sri Lankan marketers would fall for its uniqueness: duplex. Digital Marketing helps the marketers analyze the effect their skills have on customers. This uniqueness helps them adapt according to the user experience. It also helps them to get real-time reviews from the product users, like Cinnamon Air for example, which would attract other customers towards their product.

[blockquote photo=”” author=”” ] Instead of one-way interruption, Web marketing is about delivering useful content at just the precise moment that a buyer needs it.- D.M. Scott, author New Rules of Marketing and PR [/blockquote]

Digital marketing is wide open; this is another possibility. How open is it? Digital marketing is wide open around the world. With the e-commerce sites like Amazon and eBay, imagine how one would be able to know about them, without marketing it online? Like you wouldn’t bother about getting to know it if such sites have been advertised or sold on the traditional method of marketing: through printed media or TV and radio. One-click check-ins have made it very easier and simple. This feature of digital marketing is quite supportive to the enterprises that are focusing on global market, attracting international customers.

Digital Marketing is quite cost effective. When compared to the cost of traditional marketing methods, online marketing is pretty cheap. This online marketing would more likely replace some of the traditional methods like cold calling, advertising on television and radio. Although there is still some attention to the simplex mode of marketing, the number has reduced when compared to the ‘during the war’ stats.

Traditional marketing Vs Digital Marketing

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What type of Digital Marketing trends do the local companies handle?

Although there are several methods like the website, social media marketing, PPC, video marketing, email marketing, remarketing, the local marketers only managed to catch up with a few. Mainly, the website, social media marketing, PPC, and SMS marketing.

There are around 20 digital marketing companies in Sri Lanka which delivers Search, Social, Local and complete e-Commerce strategies to the global brands through an online platform, which includes Prime One Global LLC, Loops Solutions, Orix marketing and others. And according to Mike Berry has foreseen in 2012, the marketing trends in the year 2016 in the digital commercialization of Sri Lanka has grown.

The objective of the content and PPC marketing is to rank the company’s site on the top, or near the top lists while been searched. Since the company’s site would be quite new, or haven’t been in the required state for the search engine to display it while being searched, the digital marketing companies would polish it up for it to be ranked. According to the ranks, the company’s brand and the product get promoted. Also, PPC is another method where the companies ‘buy visits’ through the advertisements on search engines and on other sites.

While these two techniques are on the top in digital marketing environment of Sri Lanka, there is another big world for marketers waiting — the world quite big and equal to the Internet — social media. With the landing of smartphones, Sri Lankans spend more time on the social media (and the internet). Readme and Loop Solution conducted a survey in 2013, in which 58% of respondents access Facebook and Twitter through mobile. Almost 71% of the local respondents answered that the marketing done through social media has been quite effective than the traditional media marketing. Also, 49% of the respondents said that they watch TV less than one hour daily, while only 28% of them read the newspaper daily.

The survey on Social Media Marketing conducted by Readme and Loops solutions. Source: Readme.lk”
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 Also, according to the survey 85% of them answered that they have been following local brands. Also, marketing through Facebook has influenced 79% of the users to purchase the products. This force has made marketers focus more on social media marketing than on the other methods available.

The latest trend the marketers are focusing on is SMS Marketing. Since the number of mobile phones users is quite high, rather than cold calling, dropping a text about their product or brand is getting trendy these days. And, most of the companies focus on making much out of this growing style of marketing in Sri Lanka.

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How has social media marketing influenced the users of Sri Lanka on the local brand?

The Sri Lankan brands that has got more attraction through Facebook

The local brands that has got more audience through Facebook. Source: Social Media.lk

Fastest-growing-brands-in-Sr Lanka

The local brands that are growing fast on Facebook. Source: Social Media.lk

The Sri Lankan brands that have largest audience on Twitter

The brands that have the largest audience on Twitter. Source: Social Media.lk

The Sri Lankan brands that are attracting more audience on Twitter.

The brands that are attracting more audience on Twitter. Source: Social Media.lk

 
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What should the Marketers focus on for the future?

There are many other digital marketing activities which our marketers need to focus. Digital Marketing trends like Remarketing, Google Tag Manager, email marketing and so on are not very actively used among the local marketers. Since the industry is still developing one, we could expect the marketers to get into this trend in future.  Within the short period, Sri Lanka has got adapted to the digital marketing world. There is a long way to go because this digital world is changing day by day. If focused on the newly turning up digital marketing environment as well, the prospect of the domestic market to be a part of the global market would be rising. If the marketers are already focusing on the global market, it is advisable to concentrate on the broad range of social media. Social media doesn’t stop with Facebook and Twitter but extends to Snapchat, Instagram and so on. So focus on the rest of the available global platforms that would attract the global users. 

There would be constant updates about the growth of Sri Lanka’s digital marketing, so don’t forget to keep an eye on our blog. Also, feel free to catch us in a comment about the digital marketing in Sri Lanka.

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29 MarResearch

2016 Digital Marketing Trends To Focus On – Prime One Global Analysis

Maybe you are an Online Digital Marketer or a Blogger, Freelancer, Entrepreneur, Local Business Owner or from any other trade, but one thing will remain constant for everyone. You all need marketing. The effort and resources needed to market your products or services may be different. But, without marketing, there is no exposure and your business is bound to get stagnant at some point in time.

 “Digital Marketing in 2016 is an investment that is done for the betterment of one’s Business”

I will be talking about essential marketing strategies that are never going to die, some that are going to be more useful than ever in 2016 and some that we need to leave behind because they will not work anymore.

Successful Entrepreneurs and Business Owners spend an average of 30 minutes a day on Business Education and Self Development.

That is a form of marketing. It is time invested in understanding the changes in your Demographics, Market Place and Key Performance Indicators of your Business.

Realizing the opportunities when you intelligently utilize today’s marketing channels like Social Media to build a long-lasting, relatable and profitable relationship with your customers in an entire community of referring fans for your business, is how you can excel at marketing.

2016 Marketing Channels To Avoid At All Costs 

Vine, Foursquare and Swarm have died a silent and painless death in 2015. If you are using any of these channels, it might be a good time now to write it down and scratch these out of our routine. Blogging still remains a very important strategy. However, content with no strategy is not going to get you very far. Spend more time on planning out your content instead of randomly churning out articles for your business or getting them outsourced. Digital Marketing Trends continue to reveal that the use of Stock Images and Video footage has declined a lot last year itself. Consumers have seen it all, they want original and authentic feeds.

As Google and other email corporations become more stringent, ” sending a bunch of emails to your subscribers is not going to work either “ Instead you will need to focus on Email Automation and Personalization (more on this in the blog).

Banner Advertisements are on a decline too. There is a mobile movement going on for the past few years and the rise of smartphones is creating smarter consumers and creating more opportunities for smarter marketing. Consumers have become “banner blind”, so investing in banners is not a great idea unless you are already getting good results from a particular source.

Also, it might be high time to consider whether you need to allocate more funds to marketing your business on desktops vs. mobile environments.

THE MOBILE MOVEMENT STUDY

digital-devices-tablet-map-isoOver 2015, mobile search queries have skyrocketed to new heights. People search for everything from Travel Information to Product Reviews, Local Restaurants to random Trivia to become more knowledgeable.

While Word of Mouth and Display in Stores do lead to people to search for products on their smartphones…

…71% of consumers search for a product because they saw an advertisement.

4 out of 5 people take an action based on an advert they saw either on PC or on their Tablets and Phones. Mobile Advertisements are the new trend.

82% of Mobile Users notice mobile Advertisements. However, 79% of Top Advertisers still do not have a mobile-optimized website. It is more important than ever this year to provide your visitors with a good mobile experience. Don’t just check this box if you have a responsive website. It is important to check how your website functions on different browsers and different gadgets to get the most out of your time and resources spent on marketing. (You can contact me if you need help with creating a great mobile experience for your consumers).

Consumers today use a smartphone to keep updated, stay connected, for entertainment or to search for information on the go and obviously to make a smarter shopper. The shift is already happening,  Don’t miss the mobile movement.

Here’s my list of the top 15 Latest Digital Marketing Trends for 2016
  1. Re-targeting,
  2. Promo Marketing,
  3. Google Tag Manager,
  4. Email Marketing (Automation and Personalization),
  5. Marketing Automation,
  6. Content Marketing (with a twist),
  7. Buyer Follow-up Plan,
  8. Search Engine Optimization,
  9. Social Selling,
  10. Conversion Rate Optimization,
  11. Sideway Marketing,
  12. Self-development and Business Education,
  13. Podcasting (You read it right, people still listen to podcasts),
  14. Google Ad Words PPC,
  15. and YouTube Video Marketing.

This list is in no particular order. You may or may not have even heard about some of the ways, but if you find something interesting or questionable – Let me know through the comments section.

Now since you have a fair idea of what to expect inside this blog post, let us move into the details of each of the aforementioned tactics.

#1. RE-TARGETING / RE-MARKETING

Also known as “Pesky Salesman” Marketing. Re-targeting (Re-marketing) aims at balancing branding and direct response.

Since too much direct response can lead to consumer saturation and too much branding entails brand exposure without any direct correlation to an increase in sales, Re-targeting is a form of marketing that aims to balance both aspects of branding and direct response.

Re-targeting allows you to deliver certain value in advance and be assured that there will be a follow-up regardless of any contact detail or sale acquisition.

How Re-targeting Works

For Re-targeting to work, you need to ensure that you have great content. As sending users to landing pages related to content has lower costs than sending them directly to a product landing page, this method has an overall lower cost per lead.

Your first priority should be to build a pixeled audience. You can do this from either Google or Facebook, both are great in their own ways. Then remarket your products to only the pixeled audience which left your landing pages without converting.

Here is a very interesting read I came across on HubSpot about retargeting ideas. If you find the resource helpful, don’t forget to bookmark their page for future reference.

RE-MARKETING STORY

A quick look at Remarketing with Google AdWords and Analytics

A quick look at Remarketing with Google AdWords and Analytics

Watchfinder, a premium, and pre-owned luxury watch retailer discovered that less than 1% of visitors were purchasing from their website. Since the average order value on their website was close to $3,500, the company found that buying decisions often spanned over a long period of time. Watchfinder’s challenge was to re-engage and converse with these users who had shown interest in the luxury watches to incite them to return to the website and make a purchase.

This is where re-marketing came into play. Once their remarketing campaign was properly set up and executed, they had a massive 1300% increase in ROI. Their average sales volume also increased by 13%.

Click here to read their full case study in detail.

#2. PROMO MARKETING CALENDAR

Don’t just look at the Promo Calendar as a list of days when your company blasts festive emails to all your subscribers. If planned in the right way, a Promo Marketing Calendar can help you reach your company milestones faster.

Here Are 6 Effective Ways of Using a Promotional Calendar

  1. Break Larger Business Goals into Smaller Milestones
  2. Create Success Checkpoints and Breach KPI’s
  3. Set project Deadlines and Track progress
  4. Understand How and When to Allocate Resources
  5. Increase Brand Awareness Amongst Consumers
  6. Increase Revenue From Your Email Marketing Lists

Keep the focus on your marketing plans first, and use the promotional calendar as a means to overcome the aforementioned objectives.

So, how can you go about creating the perfect promo calendar marketing plan?

Have you been using promo marketing for your business before? If so, take statistics of the last few years and narrow down on the promotions that worked and the promotions that failed. Once you have the list, you can focus on enhancing the promotions that worked for your business. Think of it as an immediate source for generating sales.

Write down a 12-month revenue goal that you plan on obtaining. Perfection is the key. You need to have something to work towards, but do not overlook your business milestones. Write down what you expect to achieve out of every promotion.

Now, create a list of holidays in your financial year and slot them into appropriate months. Here is an interesting resource that lists down all possible promotional holidays on the calendar. Source.

Marketing Calendar 2016

Jot down your slow and fast business months. Every business faces a down phase in the year. For example – Some businesses sell more on vacation time than others. Trying to heavy promote your business during slow months is only going to build resentment for your brand.

Categorize non-revenue and brand awareness generating goals separately.

These can be-

  1. Blog Launch
  2. Podcasts
  3. Webinars
  4. Books
  5. Etc…

Keep seasonality in mind when plotting promotions since no business have even earnings all throughout the year. Always have a certainly expected figure for every promotion. That way, you can measure its success. If you fail to meet your expectations for any promotion, then carry forward the deficit to the next promotion. Keep going until the end of the year.

List all your additional requirements.

  1. If you need to launch a new product/service
  2. Acquire New Leads
  3. Launch new campaigns
  4. Create a more pixeled audience etc.

Use the Promo Calendar wisely, and incorporate other marketing tactics into it. There are endless combinations. Feel free to contact me if you need ideas on how to get started. Trying to focus on the entire calendar can be overwhelming to start with, focus on quarterly or half-yearly plans at first.

#3. GOOGLE TAG MANAGER

Imagine being able to see every single click that happens on your website??!? The Google Tag Manager not only allows you to do just that but is also very easy to set up. I am not going to show you how to set up GTM, but if you need help you can get in touch with me through the comments at the end of the post.

Refer to the Google Tag Manager as a Dashboard that helps marketers accomplish just about any goals related to marketing.  Google Tag Manager does not replace Google Analytics, but it supercharges GA to an extent that the reports provided by analytics are much more detailed and useful.

 

google-tag-manager-extreme-seo

Though the GTM has an extensive learning curve, the time you spend on setting up GTM will eventually add up in the long run. It makes it easy to place tracking pixels and scripts on various parts of your website like specific button clicks and page views.

As a beginner, you should stick to only tags and triggers in GTM, later on, as you gain more confidence you can start accessing the advanced data layers.

Resources:

  1. Learn how to use Google Tag Manager
  2. What you need to know about Google Tag Manager
  3. Why Google Tag Manager
  4. Google Tag Manager Dashboard

moving onto email marketing…

#4. EMAIL MARKETING

Email-Marketing Email Marketing is not all about blasting your subscription lists with tons of emails throughout the day. In fact, if you are doing this you are not going to get any benefits at all. Email marketing in 2016 is more about automation and personalization.

Also, pay very close attention to what you write in your emails because that is the most important piece of copy you are going to write.

Take into consideration a very hypothetical situation –

Let’s say that you send out 10,000 emails that get a 10% open rate with another 10% of readers clicking on the link and 5% of them buying your product = 5 Sales.

Now if you just aim to improve your copy to double your open and link click rate – 10,000 emails that get 20% open rate and 20% link click rate and 5% buy = 20 Sales. Which is a direct 400% increase in sales just by writing a better email copy?

Email-marketing-automation

Here is a very interesting resource on writing great Email Subject Lines to boost your open rates.

Take notes on some of these positive keywords that boost email CTR:

  1. Exclusive
  2. Free Delivery
  3. Gift
  4. Latest
  5. New
  6. Sale
  7. Alert
  8. News
  9. Video
  10. Daily
  11. Weekly
  12. Editor
  13. Update
  14. Breaking
  15. Limited
  16. Review

Here are some negative words that you should cut immediately from your Email Subject Lines –

  1. Free
  2. Only
  3. Learn (Discover a new way) – *rolls eyes*
  4. Report
  5. Today
  6. Webinar
  7. Win
  8. Forecast
  9. Subscription
  10. Discount
  11. Trial
  12. Facebook
  13. % Off

Further Resources:

  • BriteVerify Email Verification – clears junk emails from your list
  • Litmus – a paid option to build mobile-able emails
  • Email on Acid – simplifies email testing and analytics.
  • Marapost– does analytics, but it‘s expensive.
  • Visual Website Optimizer – does split testing.
  • Email Marketing Examples list – just a few examples to give you a feel.

Use your emails to help your customers to work with you. Give them the information they need to interact with your brand. Use effective CTAs to incite them to take action.

Understand that change is a constant thing. If something is working today, it may not work tomorrow. Always keep testing. Your competitors are testing.

Learn new things and implement them yourself.  Test and verify yourself.

#5. MARKETING AUTOMATION

Use Bots to connect with your target market relevantly with Marketing Automation

Marketing Automation refers to software that aims to automate the goals of marketing. Especially, repetitive tasks like Emails, Social Media and other common website actions. Most marketers opt for it, try to set it up and leave it unfinished because the process is very overwhelming.

In simple terms marketing automation refers to software and tactics that help companies to have a buying cycle like big eCommerce websites. This helps them to encourage better brand communication with consumers and convert stuck-on-the-fence users into reliable and repetitive buyers of the business.

Problem with Marketing Automation

Most marketers live under the impression that marketing automation orbits all the essential marketing tools necessary for the growth of a business including lead generation software. This mere delusion leaves most marketers automating the middle of the funnel without any solution to generate new leads and create new business relationships.

marketing-automation-cycle

Marketing Automation Case Study

Sixth Division built a $3MM Coaching and Services Business in 4 Years.

How do you say?

Solely with lead generation tactics and marketing automation.

Sixth Division acquired leads through four channels, namely –

  1. Facebook
  2. Google
  3. Live Events
  4. And partners

After acquiring leads, SixthDivision invited prospects to a Webinar. At the end of the Webinar, they showcased a single product for the prospects to buy. Once converted into buyers, SixthDivision had their entire follow-up plan automated.

They sent out a Three Email Series to all buyers to schedule a consultation.

The first email was a video that introduced them to SixthDivision. This video confirmed the date of the consult and showed them what they could expect from the consult.

The second video was a simple reminder about the upcoming appointment. The Date and time were planted in three places – the Subject Line, picture and Closing Sentence.

The third email was a pre-consult message reminding them about things they should have ready before they take the call.

This simple and effective automated plan allowed them to scale their business seamlessly and grow it into a $3MM Coaching and Services business in 4 Years.

#6. CONTENT MARKETING

how to create a succesfull content strategy

Content shall always be the king of the internet. Just that its ways are changing. Previously you could get away with an unplanned content strategy and still extract decent ROI out of your marketing campaigns, but now the rules of the game have changed.

As smartphones are enabling smarter users, people are becoming very particular about the kind of content they see in their news feeds. You can’t impress them with any random “tech-joe” talks. You need to have carefully researched data and plan to even invite them to click and reach your landing pages.

This calls for a twist in the tale and here is how you can go about it.

content-marketing

 

  1. Break Your Longer posts into Shorter and Detailed Versions. Don’t give all your information away at once. This will lead to higher bounce rates on your website if you manage to get the clicks. Instead, focus on giving away beginner-friendly information in earlier blog stages and then move on to advanced information in the later stages.

The best way to go about is to publish one part every week. Unless users are really interested in whatever content you throw at them, focus on sending one informative post every week to their email. You can remind them throughout the week about your post, but avoid information overload at all costs.

  1. Choose a post that worked well and enhance it. Add more information to it and update it. Once you update an old post you can publish it with a “More Information Title” or something similar and publish it again.

If you have a recurring post that can be updated periodically, make it a point to update it and republish it with a new title. Push the old content down and add the changes to the top of the post.

Google loves websites that keep updating their old posts. Sending signals that you have updated an older blog post will definitely entail more SEO benefits and traffic.

#7. EIGHT WEEK FOLLOW-UP PLAN

eight-week-customer-followup-plan

Starting from the moment a customer purchases their product, this is how it will look like….

 

First Week –always-listen-first-customer

Focus solely on establishing a relationship with the customer. Give them a walkthrough of the product or a video guide and let them enjoy its benefits.

Second, Third and Fourth Week –

Focus solely on social proof by introducing them to other customers who have used your products. Show them testimonials on Social Websites and invite them to leave feedback themselves.

If you have an online community or forum, introduce them to it and ask other members to congratulate them on joining. Basically, establish a friendly rapport with them, not just a buyer and seller relationship.

Fifth, Sixth, Seventh and Eighth Week –

Start measuring your results. They have used your product for almost a month. Now it’s time for you to reach out to them and help them document it for you. Get even more testimonials and proof of results, reward those who keep the chain alive and continue to show new people the power of your products.

By doing these little things, you can save a lot of money and invest it into other marketing channels.

Keep in mind that your motive is the encourage advocacy of your brand. There is no way those customers are going to turn against you once you have been with them for the first sixty days and they have shared their unbiased testimonials with their followers on social platforms.

The more you can get people to use your products and share their experiences. The better chances you will have at convincing newer customers and showcasing them the power of your brand and that YOUR BRAND is THE SOLUTION TO ALL THEIR PROBLEMS.

#8. SEARCH ENGINE OPTIMIZATION

SEO-Process

Do not forget the power of earned media. Go to the Google Adwords Tool and do a search for your industry keyword.

Power-Of-Earned-Media

If you are in the Fashion Industry, try searching for “Fashion” and the average bid should show you an estimate of what the keyword is worth in terms of clicks.

Likewise, you could be from the Makeup, Self-Development, Women Care, Beauty etc industry.

Now, let’s take a keyword that is worth $0.15 cents. If you are able to rank for that keyword and get at least 5.879 visitors a day from organic traffic. You are technically saving $881.85 a day for marketers who are advertising for that keyword. Now if you take into account the yearly expenses 881.85×365 = $321875.25 yearly. Magical isn’t it?

Always try to include an industry keyword in your domain name. This makes your chances of ranking in the long term a lot easier as compared to fully branded domain names.

Remember, Copywriting is the end all and be all of the marketing. It is present everywhere. Be it a 150 Character Tweet you want to promote, or a short AdWords Advertisement, the subject line of your business email or the content that goes onto your website and blogs. Always hire quality writers and better still, train and recruit them in-house.

What Are Possible Signals to Google That Your Page Rocks?

  1. The CTR on your website – a number of clicks from your homepage to other internal pages of your website shows that visitors are interested in what you are sharing with them. So craft a good copy and CTA that gets clicks into the deeper inner pages.
  1. Headlines play a very crucial role. Always keep testing your headlines. Remember the thumb rule of marketing – What is working today, will not work tomorrow. Your competitors are always testing, so should you.
  1. The average time people spend on your page is also a key indicator of your website’s quality. The more the average time, the better your chances of ranking shall be in the eyes of Google.
  1. Scroll Rates – Consumers cannot make a purchase if they cannot see the buy button. Ensure that your website copy incites users to scroll around and doesn’t have any blocking elements or irritating popups.
  1. Use original photos and videos on your website as a means of keeping people engaged with your content for a longer period of time. Use long and in-depth videos to show customers more about your product and services.
  1. Last but not the least, Grammar, Quality Links, Social Shares, Relevant Images, Captions, Author Authority etc, will help visitors stay on your page for a longer duration, decrease your bounce rates and increase your overall SEO score as well.

#9. SOCIAL SELLING

Social-Selling-Marketing-Trends-2016Let’s not talk about Facebook, Twitter, Pinterest or LinkedIn marketing separately. That is why I am putting all of these under one tab and we can call it “Social Selling.”

Before I get into the nitty-gritties of Social Selling, it is important to understand how a typical sales funnel looks like.

Lead Capture –> Sales Page –> Order Form –> Upsell –> Thank You

Don’t use social media as a platform to directly sell your products. Instead, focus on advancing the customers from one stage of the sales funnel to the other.

Brands that constantly try to sell directly to their pixeled audience increase churn and eventually burn their lists. People eventually become blind to their advertisements and promoted posts.

The aim of Social Selling should be to establish a rapport with your customers and increase purchase frequency by establishing continuity and credibility.

Use platforms like Facebook, Google+, Pinterest, Linked In and Twitter to build Likability and Trust amongst customers.

eric-qualman-social-media-quote

Start with Giving Value First and Establishing Credibility

Send visitors from Social Media to an Ungated Offer. It can be a Blog Post, Resources, Checklist, How-to Guide etc, but don’t ask for anything in return just about yet.

Alternatively,

You could also try sending them to a gated offer like White Paper, PDF Ebook Download etc, and try to get their emails first. Testing is the key here.

Alternatively,

You could offer them deep discounts on evergreen products, services or software. Use this technique if you are selling something that needs no introduction. For example – Digital Services like SEO, Copywriting, Explainer Video Creation etc. These services need no introduction, and there is already a heavy demand in the market for them.

The idea here is to use value first to drive traffic from Social Media to your website or platform.

Now, Embed Core Offers into Your Ungated Content

Plant an offer or propose a sale towards the middle or end of your content and try to convert them into buyers. Don’t go for your most expensive products, use cheap ones instead. The idea here is to make them swipe their cards and spend as little as a dollar towards your business. Just create a connection.

Or, Upsell Products from Deep Discounts

For every group of people who are willing to spend money to buy your products, there will be some people who can always spend more. The idea of Upsell offers is to aim at those customers and try to sell more from the 2nd stage of the funnel because they have already shown interest in purchasing your products.

Pixel and Retarget Customers Who Left from Funnel Stage One

Customers who clicked your promoted posts and went to your website were interested in what you had to share with them. Pixel those customers who leave from this stage and re-target other products that fall into the same interest category.

INCREASING BUY FREQUENCY AND REPEAT ORDERS

 

Frequency-and-Order-Value

The mathematics is simple here. More than 70% of Customers turn to Social Media for after-sales service. If they get a reply, they are most likely to purchase from you again and become stable customers. If they do not get a reply, there is a 15% chance of them not placing any orders in future.

77% of customers say that valuing their time is the best way a company can provide better customer service.

So, ensure that you reply to all social messages within 12 hours and that resolution to customer’s problems is provided within 24 hours at all costs.

Use Social Listening Tools Effectively

Statistics report that more than 50% of customers do not tag the Brand when they are talking about it on Social Media. Thankfully, you have ways to eavesdrop on their conversations on Social Media. Use it effectively, and you can reach them right in the nook of time.

  • Hootsuite – an entry-level searchable tool that monitors your social media
  • Mention – a mid-level tool that monitors streams – listen for keywords
  • Radian6 – an enterprise-level tool to monitor social media

#10. CONVERSION RATE OPTIMIZATION

Conversation Rate Optimization. Conversion Does Not Have One Definite Meaning. The Meaning Of The Word Differs From One Website To The OtherSo, you are spending money on Facebook Advertisements, Google PPC, Retargeting, Offline Advertisements, Billboards etc, but have not allocated any resources on Conversion Rate Optimization?

You might be technologically challenged as an Entrepreneur, but if your I.T Department has not mentioned anything about optimizing the conversions on your website, it might be a good time to reconsider hiring the right guys.

 

Marketing is not about the number of visitors that come to your business, but it is about the number of visitors that convert into trusted and returning customers of your business.

So instead of focusing on driving new leads to your business, your focus should also be on improving the amount of “what-sticks-and-what-doesn’t” on your website. This is where Conversion Rate Optimization comes into play.

Resources:

  • InstaPage – create a landing page in just 3 minutes
  • Unbounce.com – build and test landing pages without I.T.

Conversion-Rate-Optimization

There are various tests you could be running on your website to Conversion Optimize it, here is my list of what’s really going to be on target in 2016

  1. Conduct Offer Tests – like product bundling, visitor interest-targeted messaging, writing a benefits copy above the fold, offering discount coupons on website headers etc.
  2. Geolocation Tests – Use of different images, wording and language according to Geolocation tests.
  3. Personalization Tests – This is going to be a big one in 2016. More than 60% of marketers have called it the game-changer. It’s about personalizing who sees what and when.
  4. Shopping Cart Recovery Tests and Email Reminders for Shopping Cart Abandonment
  5. Button Color and Standard CTA Tests are also here to stay. (forever).
  6. Lastly, do not forget to do mobile optimization tests. Mobile-Friendly Websites go way beyond the means of just responsive websites. You need to test how your website works and functions on different devices like Mobile, Phablets, Tablets, Laptops, Desktop Computers etc.
  7. Also, plan different advertisements and content for different devices. For example – the banner ad you use for desktops might not gain the same traction on mobile devices. Your content strategy should differ according to the device.

#11. SIDEWAY MARKETING

When you do not have a huge marketing budget but your competition is stiff, it’s better to market your business sideways than to get into a head-on collision with your competitors (who can easily crush you).

If you already have an Email Marketing Subscriber List, try running it through Towerdata.com

Towerd@ta

As soon as you scan your list on Towerdata, the website will give you age, gender, marital status, income, zip code and more of the people on your list. You will also get an overall snapshot of your market – length of residence, home market value, presence of children, charitable donors etc,

You can also collect purchase data and interest data from Towerdata.com. Once you have all the information in front of you, you can market your products and personalize your future emails, even more, to gain more traction from the email marketing list.

Apart from giving all the above information, Towerdata.com also gives you the net worth of leads.

When I ran a list of one of my Makeup and Beauty Industry clients on Tower data, it returned that more than 50% of the leads were high net worth.

But the cost of Beauty leads acquisition = $4.52/lead

So instead of buying Beauty leads, I bought 1000 Cosmetic leads for $0.69 each = $690 investment. Guess what? Women who were interested in cosmetics are bound to be interested in the Makeup and Beauty Niche. This way I not only acquired $4552 worth of Makeup and Beauty Leads (Immediate 650% ROI), with just $690 Investment. But also knew that at least 50% of the leads would be high net worth.

Can you see how this data can be used to sideway market your business to cheaper leads and still extract more than decent ROI from it?

Take for example the Golf Industry. You can venture into the Golf Niche, but sell products like properties, luxury cars, business loans etc., to those golfers. Because people in this niche and mostly affluent and have a classy taste for everything.

The core idea is to think of what people in your market are doing when they are not doing what you are selling. Think outside the box. Do You want to sell Insurance to people? But Insurance leads would cost you a massive $10-$18 per lead. Instead, search for Dog Lovers or Dog Breeds, which you can acquire for a few cents. Once you have that in place, try to get customers into your den with cheap tripwires like (Dog Tags and Dog Care Ebooks) and then Upsell them “Pet Insurance” once they opted for your Dog Tags. See what we did there? There is a simple science behind it, and this can be implemented in each and every industry.

#12. SELF DEVELOPMENT AND BUSINESS EDUCATION

15.92Why is Self-Development and Business Education placed in the Top Digital Marketing Trends for 2016 you ask? Why shouldn’t it be? Marketing is an investment in any form that is done with the aim to grow your business in the long run. Marketing should add value to your business, and Self Development and Business Education thus is an important part of marketing.

I will repeat myself from the Introduction – Most successful entrepreneurs and business owners spend an average of 30 minutes a day on business education and self–development. While the majority of entrepreneurs shy away from the idea of personal development, strangely because they think that the idea of being a better person is silly or stupid.

We all want to be better individuals but we resist it because somehow the idea of facing all-out internal junk scares the hell out of us and we would rather give big speeches and take less responsibility than vice versa.

self-developmentWhat we believe in, will set the stage for everything in our lives and will also determine the course of our expertise and experience. Successful entrepreneurship requires inculcating a set of beliefs that the majority of the people do not hold. Self-Development and Business Education will arm you to be better prepared for situations that normal people cannot handle. Like how to cope with business pressure during low volume months, or how to use negative publicity that your competitors do, in your favor.

All sorts of weird human tendencies sabotage our personal success. This is the subconscious mind and is not rational. We need to change our Self-sabotaging and Success Blocking Tendencies. Self-development can teach you how to cope with the fear of added responsibility, criticism, and failure. It will also teach you how to cope with success-blocking tendencies like Laziness, Procrastination. You do not want to become this perfect godly figure, but just a better version of yourself.

Think of it like this – Every minute you spend on self-development as an Entrepreneur will take away a dollar from your marketing efforts because, you are going to be making better decisions, managing your time effectively, and learning how to deal with stress, which is a critical progress killer.

Resources:

  1. Understanding personal development
  2. 25 Personal Development Skills to Learn for free
  3. 7 Habits of highly effective entrepreneurs

moving onto Podcasting….

#13. PODCASTING

Radio might be dead, but Podcasting is still a great form of marketing. People love media, especially if you are able to deliver it to them at their convenience. The art of direct marketing into your customer’s ears is one that needs a little bit of honing.

Finding your ideal voice is the most difficult part of Podcasting. You need to venture outside your comfort zone and find the right tone and setting for your Podcast.

Podcast Equipment

Photo credit: Nicolassolop

Here are the basic tools that you need to start a Podcast –

  • Mic (Any Good Quality USB Mic)
  • GarageBand & Audacity free apps
  • Call Recorder or eCamm(Mac)

Don’t aim to be a perfectionist when you first start Podcasting. Your initial Podcasts may not get as much attention as you think you deserve, but eventually, if you have the right mindset and deliver quality information, people are going to pile up and wait for you to release the next episode.

Use Podcasting as a storytelling tool. Don’t be a script nerd and read out from the paper. Just write down the points and be natural. People tend to understand when you are speaking naturally and when you are being superficial. They will lose interest if they find that you are reading from a script.

You can also invite other influencers into your Podcast and have a great discussion with them for everyone to hear. In this case, too, you need to ask the right question and avoid scripting of any sort.

You need to be consistent with your podcasts. Once you get frequent, people are going to wait for you to release the next episodes on time. If you don’t, they will get emotional and leave or think that you are just not too serious about the affair.

To find the ideal format for your Podcast, try releasing a few episodes at first and experiment in each. Then ask your audience which episodes they liked more than the others to narrow down on what’s going to work and what’s not going to work for you.

#14. GOOGLE ADWORDS PPC

PPC-Marketing-Tactics

 

1. Ad Messaging Enhancements

Adwords-ad-extensions

Earlier you were limited to a mere 95 Characters on PPC Ads, but now you can spice up your advertisements with a ton of Extensions and actually deliver more information to get targeted clicks.

Now, Ad Copy Writing for PPC is not just about the script. You need to carefully plan and design your advertisements, just like you craft your landing pages.

There are seven manual ad extensions to choose from. Click here to read more about them. Google has also included structured snippets, which is really cool.

 

2. Video Ads

Video Advertisements aren’t a new thing, but 2015 does seem like the year where they have been used extensively. 2016 is going to be no different. With Google incorporating the True View Video Advertisement campaign into AdWords, this trend is already on a hike.

Most marketers are adding these as the icing on the Cake, especially if their clients have a high budget.

This is an ideal time to exploit this strategy before it explodes in the near future.

3. RLSA (Remarketing List for Search Advertisements)

Though this feature was officially launched in 2013, most advertisers are still not using it. RLSA lets you effectively modify bids, search ads, keywords when past website visitors do a Google Search for products similar to yours.

You can initially review how customers are behaving on your website after clicking on your Ads. If the cost of acquisition of returning visitors is higher on your website, then you can lower the bid on search advertisements for first-time users.

Google Adwords is huge. There is more to it beyond these three important elements. But If you are starting out, focus on getting the first two points and later move on to other advanced options as you become comfortable

#15. YOUTUBE VIDEO AD MARKETING

YouTube Video Marketing Secrets

More than 73% of Smart Phone enabled users to watch at least one video on YouTube every day. If that is not reason enough to get into Video Advertisements in 2016, then what is?

  • 53% of viewers who watch a video get inspired or entertained.
  • 70% of millennials use YouTube videos to learn something.
  • “How-to” searches are on a hike (70%) of total searches this year.

When viewers go on YouTube to watch a video, they see an advertisement on the right-hand side or a pre-video advertisement.

Most marketers do not get into video advertising for two primary reasons –

  1. Starters Block – They do not know what to do.
  2. Or, they do not know how to do it.

Videos allow you to get the right advertisements in front of the right people, at the right time.

youtube-advertising

 

Start by using Open Broadcaster Software  – you can directly stream into YouTube, Vimeo, Twitch etc with CTAs and Keywords.

  1. Start recording a video.
  2. Use them as in-display advertisements (10 cents per viewer)
  3. Link to your landing page

You can also do in-stream Ads (like the ones that play before a video, or ones that can be skipped in 5 secs).

To get the best results, your advertisements must be very engaging in the first 5 seconds.

You can also target your advertisements through videos. You can have them display on specific videos.

Use Retargeting to build lists of people who have already seen your video and get back in front of them. You can import Pixel from Facebook Campaigns and Google Adwords Campaigns. Video Advertisements are short, attention-grabbing and crisp. If you haven’t launched a video marketing campaign for your brand yet, it is time to reconsider your marketing efforts.

Closing Calls

Hand with marker writing: Change Your Mindset

As customers and marketers constantly evolve with the ever-changing technology, it is important for everyone to stay updated. At the end of the day, it is not about how many marketing tactics are you using for your business, but about how much you are extracting out of your marketing campaigns.

What is working today, might be considered old fashioned or outdated tomorrow. As a marketer, it is high time to understand that we cannot take anything for granted. What may have worked for us in the past, might hold no significant value today? Technology is not the only thing that is changing, our customers are evolving too and the way they choose to connect with our brands is evolving too.

“The only thing that remains constant is change.”

As you’re building your marketing plan for 2016, keep the “dying” trends in mind. Don’t count on what worked for you before but rather learn what has changed and come up with new ideas and new ways to leverage the technology at hand.

At Prime One Global, we understand that running a business can be overwhelming. On top of this, making time for self-development and staying updated with marketing tactics is not easy at all. That is why we keep updating our marketing skills in all spheres. Get in touch with me for a no-obligation, free consultation and I will have a Dedicated Marketing Manager from Prime One Global guide you on the ways you can market your business in 2016.

Have a good day!

Here is a list of Useful Resources, Tools and Software That Will Help You Become Better at Marketing Your Business

2016 Digital Marketing Trends

Competitor Research –
  • Datanyze.com– find different tools in various industries
  • BrightKite– Top product research platform for all caregivers with detailed reviews
  • BuiltWith – Find out what software and plugins your competitors are using
  • Compete– Competitor intelligence at its finest
 Business Management –
  • QuickBooks Enterprise
  • Qvinci
  • Studio Cloud – Free Business Management
  • NetSuite
Ecommerce + Conversion Rate Management Tools
  • SixthDivision
  • InfusionSoft
  • Magento
  • Limelight CRM
  • 1AutomationWiz
  • Memberium
 Keyword Research Tools
  • SEMRush
  • WordTracker
  • FreshKey
  • iSpionage
  • Google Adwords Keyword Planner
  • KeywordTool.io
  • Google Trends
  • Soovle
  • VideoCents
  • MerchantWords
 Competitor Intelligence and Customer Research
  • SimilarWeb
  • Compete
  • AdBeat
  • AdClarity
  • BuzzSumo
  • Follow.net
  • Native AdBuzz
  • Box of Ads
  • SpyFu
  • What Runs Where
  • Alexa
  • iSpionage
  • WhosMailingWhat
  • Adsviser
 Landing Page and Funnel Builders
  • LeadPages
  • OptimizePress
  • ClickFunnels
  • Thrive Content Builder
  • Instapage
  • Unbounce
  • Adobe Muse
 Social Media Management
  • BufferApp
  • BufferPablo
  • IFTTT
  • SocialOomph
  • SproutSocial
  • Hootsuite

Pinterest and Instagram Marketing and Management

 Video Publishing and Editing Tools
  • Wistia
  • VeeRoll
  • Smartzer
  • Tunes to Tube
  • Tubular Labs
 Analytics and Tracking Information
  • HotJar – create session recordings, improve form design, heat map, surveys and form analysis.
  • Google Analytics – Freemium Subscription, check traffic acquisition, Source, Referrals, Behaviors, Site Content Flow, Check Sessions by hour, Find best performing content etc.
  • CrazyEgg – Best heat map, scroll mapping, understand how people from different sources interact with your website
  • Grytics – Facebook Group Analytics and management. Find when members are most active, understand when to interact with them.
 Onsite Remarketing / Retargeting
  • io – Social Shares, Contents, Giveaways, On-site Retargeting
  • OptiMonk – Contextual exit popups, hello bar, scroll pops etc.
 Affiliate Networks
  • ClickBank– largest affiliate network
  • SkimLinks
  • RevContent
 Live Chat Solutions
  • KayakoHelpDesk (Used by Prime One Global)
  • SnapEngage– Simple live chat software for easy to capture and export leads
 Website Tag Managers
  • Google Tag Manager – add new code on the website without I.T
  • Segment
  • Tealium
 Research and Data
  • StatisticBrain
  • Marketing Land
  • SearchEngineLand
  • VerticalWebMedia
  • DigitalMarketer
 Project Management
  • GetFlow – turns to chat into the task
  • Blossom
  • Podio – for tech groups
  • Slack – enables intra-company communication
 Lead Generation and Email Deliverability
  • BriteVerify – verify and scan email lists
  • Contest Domination – best contest running platform
  • Qzzr
  • LeadSift – target the right audience
  • KeyHole – Tracks hashtags
 Productivity Tools
  • Gliffy – for charting funnels and creating a flowchart for offers.
  • com – quick mockup tool
  • Grammarly – Check plagiarism and grammar in content
  • Copyscape – best plagiarism checker
  • Piktochart – Create beautiful graphs and infographics easily
  • FreePik.com – Free vector graphics
 Quality Control and Debugging
  • Bugherd – create stick notes on a webpage
  • Twilio – appointment reminders
  • LoadImpact – ton demand load testing for developers.

 

Feel free to get in touch with me about any of these tactics in the comments section below or you can also leave feedback on our official Facebook page. If you think I missed something out, let me know and I will add it to this post in near future.

 

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