LSF Interactive Blog

When it comes to producing an online marketing video, the standard advice is to make the best use of what you have and don’t try to be everything to everyone. That’s some pretty sound Internet marketing wisdom, but could it be that there are a few things you could learn from Hollywood that would help you produce a web video for your company’s social media success?

While we’ll recommend skipping the 50-foot trailers and directors’ chairs, there are actually a couple of tips that you can take from the champions of box office and use in your small business. Here are three Hollywood-tested techniques to make your online marketing videos more impactful:

Get some star power. No, Brad Pitt and Natalie Portman probably aren’t going to agree to star in your promotional video. Who’s to say that a local newscaster or radio personality wouldn’t, though? Sometimes, getting these folks to help is a lot easier, and a lot less expensive, then you might think. And if you have local customers, it could be impressive enough to make a difference. The same applies for public figures in your industry.

Punch up the script. Ever notice how you always see the funniest and most dramatic parts of any movie in the trailer? Hollywood producers do that because they know those clips will stick in your mind and create interest. Work with your copywriter or online marketing team to find a couple of “highlights” that will make your video more memorable for viewers.

Try special effects. Most of us don’t have the online marketing budget to stage a CGI alien invasion, but that doesn’t mean you can’t play around a little bit with some budget effects. In fact, lower quality might even be better, since a campy “so bad it’s good” kind of feel can make your online video stand out in a crowd.

You don’t have to have access to a giant film crew or an oversized budget to produce a great online marketing video. The key is just to watch the way Hollywood does things, and then adapt a few of the tricks to your own campaign.

This post originally appeared on ClickZ, where Gregg Stewart, President of 15miles, an LSF Interactive and LSF Network company, regularly contributes articles about leveraging social media and technology in small business.

Finding new customers is the top business concern for small to mid-sized businesses (SMBs), according to Bredin Business Information. So it stands to reason, SMBs need to tap a number of local online business-building techniques to remain successful. Increasingly, many SMBs are turning to online discounts and promotions.

The new wave of coupons often referred to as “daily deals” has proven how these services can drive a lot of new business to local SMBs. But preparation and execution are key to maximizing these business-building efforts.

The daily deal concept is deceptively simple; a business signs up with a service such as Groupon, LivingSocial, or Facebook Deals, identifying their town and some other information about their business and offering. The services send emails to their database of subscribers (Groupon claims 41 million subscribers). In Facebook’s and Foursquare’s cases, posts are shared with friends and locals via the social graph. The consumer prints the voucher, prepays for the service, and exchanges it for the product/service at the retailer.

If you are familiar with these services, then you may have also heard about the issues consumers and retailers have encountered with the services:

• A retailer is inundated with one-day deal seekers, creating purchase volume it cannot handle.
• Customers are frustrated because they had to wait too long to receive the product or service offered. This results from poorly planned inventory and capacity issues.
• Retailer provides a significant discount to first-time deal seekers with no brand/business loyalty, resulting in loss leaders that generate no repeat purchases.

Essentially, daily deals can play two important roles for local businesses: 1) obtain new customers, and 2) help move excess inventory or capacity that has not sold well under traditional pricing. With either of these roles, retailers must ensure a good customer experience because success is all about repeat business.

The “daily deal” can be a powerful business builder and has a place in the local interactive marketing mix, but SMBs must have a clearly defined plan before entering the arena.

First, be honest with yourself about your capacity and inventory. Ensure that your business is prepared for the onslaught of new customers. Negotiate a “cap” from the deal provider on the number of offers that can be redeemed in a fixed period of time.

Secondly, consumers are savvy; do not raise prices just prior to the offering. Base all discounts off your true retail price. Remember, this is the Internet; checking up on prices has become the easiest thing for consumers to do. FTD angered consumers when FTD directed people who purchased a Groupon coupon to the campaign’s website where some prices were higher than those on FTD.com

Third, have a retention plan. If you are driving a high volume of new customers with a local Internet daily deal, how will you retain them without continuing the use of daily deals and eroding your sales margins?

SMBs that use an online daily deal service for their Internet marketing business-building programs must plan for the post-deal relationship from the start. Loyalty programs can keep people coming back; return-with-a-friend deals, or similar programs should be planned as part of the online daily deal. One tactic is to develop an email program, encouraging new customer sign-up at the store with a return purchase incentive.

A second tactic is to consider local deal sharing services like Closely’s– “Social Select” that provides SMBs with a discretionary private deal handed out at the point of purchase for savings off a customer’s next/repeat visit. Leverage the new customer relationship through loyalty techniques to lure him or her back to your store and break the habit of customers seeking alternative businesses with loss leader discounts.

National franchise and dealer programs have a unique situation with local Internet marketing. Unlike The Gap that can centralize the daily deals for all locations, these organizations have to facilitate local interactive marketing deals across multiple, independent businesses that share the same brand name. There are a few areas that present a particular challenge:

- The mechanisms for corporate support are structured around advertising and marketing programs and not necessarily set up for online daily deal-style discounts. Brands and parent companies need to integrate their sales channels to allocate marketing budget and rebate funding around this new concept, specifically supporting local Internet marketing deals, but also related loyalty programs.

- Developing a consensus around the daily deal offering among multiple independent businesses can present a challenge. Typically referred to as local marketing groups (LMGs), these groups need to build a program into the beginning of their annual or quarterly Internet marketing plans.

Bottom line: while daily deals are great for driving customers, SMBs and franchise/dealer networks alike must carefully plan their place in the Internet marketing mix and general marketing. From ensuring that you can deliver on the promise to leveraging online daily deals for relationships that last more than just a day, make the most of these for you and your customers. Plan ahead before diving in.