The recent labeling of the U.S. economy as “in a recession” has brought a new wave of panic over most Americans, especially business owners; unfortunately, many of us have legitimate reasons to worry. Each new day seems to bring word of another business closing its doors, or news that yet another company has been forced to let go of employees in an effort to cut costs. Although it is easy to get discouraged during times like these, we all have to try to focus on the actions we can take to improve our situations instead of dwelling on the worst-case scenario.
All business owners know that to stay afloat during an economic downturn, they must focus on reducing their costs. Many choose to reduce the budget allotted for advertising and marketing efforts, but this can be very detrimental to building and expanding their customer base. And when you don’t have customers, you don’t have revenue. So what’s a small business owner to do?
In addition to online business listings Web sites like ThinkLocal®, there are more free resources that business owners can turn to reach out to their customers and build a strong Web presence for their company. One of these resources is blogging. Blogs are an easy and effective way to build Web presence and keep your customers aware of what’s going on with your business. Instead of spending money on advertisements that show off your new product or inform your customers of your business’s new services, just blog about it. Blog posts allow you to go into as much detail as you’d like, you can load them with keywords that will help them show up in search engine results, and best of all, there are many blogs that are 100% free. Web sites like WordPress®, BloggerTM, and LiveJournalTM are just some of your free-blog options.
Once you’ve got your blog set up, check out some of the micro-blogging Web sites that are available. Sites like TwitterTM and Plurk allow you to give quick updates on what’s going on with your business, and they’re a great way to spread links to your blog posts. Twitter and Plurk also allow you to associate a personality with your business’s web presence; this alone can give you an advantage over your competition since consumers tend to choose companies that they know or feel comfortable with.
Be sure to also check out free social networks, including Facebook®, MySpaceTM, MySolutionSpotTM, and LinkedIn®. Social networking is a great way to connect with other business owners, current customers, and potential customers. Through social networks, you can get feedback on what your customers are looking for, build relationships with them, compare business strategies with other small business owners, and so much more.