Nicole Hudson, President of Inbound Lead Solutions and Dustin DeTorres, Director of Inbound Marketing share social media and content marketing trends in franchising. Learn how to engage your prospects while the search you online, before they have downloaded the franchise kit.
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Inbound Lead Solutions Shares Content Marketing and Social Media Tips for Franchise Development
1. Inbound Lead Solutions Shares Content
Marketing Tips for Franchise
Development
The person looking to purchase a franchise is fueled by emotionally charged
decisions. The prospect makes the choice to buy not based off of how hard you can
sell them but how the opportunity relates to their own life. They’re not buying the
pizza sauce or the innovation you’re offering they’re constantly making the
Tcareers.
The better you can combine your brand story with the story that the prospect has
already laid out in his or her mind, the more likely you’re going to have qualified
leads that want to take the conversation further.
So how do you make that correlation? Content. Nicole Hudson, a Hub Spot Certified
agency partner and Founder of Inbound Lead Solutions, a content marketing and
social media firm specializing in franchising states, “ the brand story is the
emotional thread that weaves the brand, the franchise opportunity and personal
needs of the candidate exploring business ownership together. Brands need to
2. produce and distribute content that speaks to the current landscapes candidates are
experiencing.”
“Many new franchise owners have been displaced or downsized, returning veterans
or at the retirement age looking for an investment opportunity. Each of these life
situations represents a different buyer persona that digital channels need to
accommodate. Unique, optimized landing pages with good call to actions and
downloadable content for all stages of the sales funnel and all buyer personas are
key in lead generation success for franchise development.”
But before we explain further, you first need to understand the current state of
franchise marketing and the trends that are catching many marketers off guard.
Franchise Content Marketing Trends for 2014
Where do these franchise prospects go to receive more information on your brand
story? The internet. According to Franchise Update’s 2014 Annual Franchise
Development Report, 42% of the people researching a franchise say the internet
influenced their decision to purchase. We would actually argue that this figure
should be roughly doubled when considering the influence social media and online
advertising have on one’s buying decisions in 2014. According to ComScore 75% of
B2B buyers claimed social media would likely have influence on a future purchase.
Hudson shares, “Prospects aren’t just starting their research online, they’re
practically at the finish line. Social media has changed the way people purchase.
Buyers are increasingly influenced by a tremendous access to “street knowledge”
from their peers, word of mouth and online reviews that allows them to bypass the
traditional sales process.”
“In this new environment a new discipline has emerged among sales professionals.
Social selling is the practice of leveraging content in social networks and the
associated tools in the overall sales function from lead generation, to closed deal to
account management.”
Trend: Pre-Franchise Purchase Content Consumption Will Increase
Depending on the vertical your franchise is in, anywhere from 60-80% of the
purchasing process is over before your prospects reach out to receive more
information about your opportunity. Your prospects are scouring the internet to
find relevant content. They start their top of the funnel search with general searches
like “best franchise opportunities”, “donut franchise” or pinpointed hyper-local
searches like, “pizza franchise in Florida for under 300 thousand dollars” or specific
brands they are interested in combined with their local market of interest. Is your
franchise opportunity coming up for both types of searches?
As your prospects research online, they want to find trusted sources of information.
No longer is it best practice to have a separate page on your main franchise website
3. that summarizes the opportunity. Your prospects require robust content, real
insider info and a way to do their own due diligence without a pushy sales person
calling them 5 times a day.
Google changes their search algorithm about once per day. What does this mean to
me? It means you need to adapt. After Google’s recent Hummingbird and Panda
updates, many marketers and franchise systems were hurt and their website
rankings fell overnight. On the positive side, for years there’s always been one thing
that keeps your website safe from Google’s changes: Consistent, sharable, relevant,
awesome content that your potential franchise prospects want to see.
Content related questions to ask about your franchise development site:
Does my website tell my brand story throughout?
Do we offer an inside look to the inner workings of our franchise?
Do we provide financial information?
Do we have multiple downloadable offers?
Do we have a blog that’s continuously updated? Video?
Do we offer content that represents different parts of the sales funnel?
Trend Alert: Less Reliance on Portals
While many franchise brands are still relying on lead portals to generate leads, in
2014 you’ll see a drop in reliance and more of a push to create owned online real
estate. A recent study showed that 43% of internet related franchise sales were
attributed to lead portals. However the gradual drop in lead quality, lead count and
deals coming directly from portals has left many franchise development
professionals scratching their heads.
Although, we’ve seen some recent advancements in advertising and content models
pop up in some of the most popular portals, you’ll continue to see drops in usage
and quality in the years to come. Why? Simple. Because brands can become their
own media company.
Franchise brands can now hire agencies or new internal employees to strategically
create cross-channel content marketing that not only appeals to the search engines
but captures the attention of the potential franchisee while they’re doing research.
Brands can become subject matter experts in their own space instead of relying on
being one of dozens of options on portals.
Simple and Easy To Implement Tactics to Build a Content Marketing
Powerhouse within Your Franchise System
4. All this talk about content marketing is great but how do I actually start
implementing it into my franchise system?
Bottom line, you need someone internally that OWNS IT.
Without this internal person, whether it be your VP of Marketing, Middle Manager
or CEO, your content marketing efforts will never be as effective as a franchise
system that has someone on the inside.
The next step after you’ve found someone internally that understands content
marketing is to start determining your goals.
Do we want to…
Generate more leads
Help generate traffic to our franchisees
Retain customers
Build your brand, etc
Once you figure this out, you can start getting a good idea of what to start
measuring.
Take Inventory
Another step after this is to take inventory of what you already have access to. Many
franchise companies are sitting on mounds of content and they have no idea. A lot of
the time you’ll have 2-3 people internally that already blog or would be more than
willing to contribute the vast knowledge that’s in their head. LinkedIn published a
case study on franchisor, Service Brands International showcasing how they used
re-purposed content to grow their franchise opportunities and SEO ranking with
LinkedIn company pages.
Determine Your Resources
If you have limited resources on your marketing team, you have to be smart as to
where you’re spending you time. Many of our clients reach out to us because their
bandwidth is very short, so we’ll come in to help with the strategy and tactic
implementation.
Before you decide to reach out to an agency, ask yourself….
How many people are on your team? How many can be dedicated (or almost
dedicated) to franchise content and how many can pitch in at various
intervals?
5.
What are their strengths? Words? Video? Speaking? Technical writing?
Illustration?
How much of an investment do you need?
How many times do you want to blog? (we recommend 2 x per week)
How many newsletters do you want to create, at what intervals?
What else is in on your plate of things to do?
If you’re figuring out that it’s going to be overwhelming to accomplish a full content
marketing plan, we highly recommend reaching out to a team in the franchise space
that has experience in working with other franchise organizations on the content
marketing front.
If you’re going to tackle this yourself, create a list of your must haves and find the
middle ground between what you want to create and what you can actually create
without straining your franchise resources. It’s all about setting expectations for
both you and your superiors (both in content and budget).
Understand Who You Want to Attract
Most people in marketing call these your buyer personas. Make sure that you know
what they like to eat, where they get their information, who they regard as thought
leads in your space and how you can best serve them.
Take a look at your analytics, speak to your current customers and create different
segmented stories surrounding from where you need to base much of your content
from.
Without developing your personas, you’re basically throwing content into a dark
room and hoping someone comes across it.
Create a Content Calendar
After you’ve developed your goals, taken inventory, created resources and defined
personas, now’s the time to start putting it all together in a Content Calendar.
Create a list of what you have and implement those stories and personas to find out
what’s missing.
What stories will you be telling?
What persona pain points are you touching on?
What parts of your sales funnel are you missing?
6. Once you’ve created it, chart it out for the next year. One easy way is to assign each
month a major topic that you can drill down from there. Don’t forget to take into
consideration your team’s strengths and your marketing resources.
Make the calendar accessible to everyone on your team that will be contributing.
List out the deadlines when drafts and final versions are due, themes, format etc.
Integrated Social Media Channels and Distribution Strategy
High-quality and engaging pieces of content are the heart and soul of your content
strategy, but your distribution channels are the glue that holds it all together. Nicole
Hudson, President of Inbound Lead Solutions and our franchise and social media
consultant here at IDS provides these insights.
“Consumer marketing and franchise development departments will have to work
together in this medium. Providing conversion points and integrated content in
existing consumer social media channels is key. However, more importantly, the
Franchise Development teams are going to need to start creating their own social
media channels and blogs that showcase and speak to the unique needs of the
franchise candidate and align with future social selling strategies.”
“Now that your team has established your channels and created the content, the
right prospect needs to find it! You might have an incredibly valuable piece of
content, but it has to have means of distribution to live up to its fullest potential. Of
course, general social media practices (such as tweeting, posting on Facebook, etc.)
are always helpful and are bound to gain organic traction, but paid promotion gives
the organic momentum a little boost — an integrated digital strategy works best as
you ramp up your reach and engagement.”
Measure Your Results
Doing content marketing is fun but we all need to improve the bottom line. You
should be monitoring your traffic levels, lead attribution by channel and connected
to your CRM so you can track deals that come from all of your efforts. At IDS, we use
Hubspot for our clients since it comes with a robust set of tools and hosts everything
you need all in one spot. You can surely mix and match a host of services that may fit
the way your organization is set up.
Want a Deeper Dive into Content Marketing and Social Media Lead
Generation?
7. If you’re attending the 54th Annual IFA Convention in New Orleans this weekend
don’t forget to attend the Digital Marketing and Technology summit on Sunday from
9am to 12pm. This session includes a powerhouse panel and multiple roundtables
that will help your franchise brand achieve the next level in content marketing and
lead generation.
Nicole Hudson: President, Inbound Lead Solutions
Inbound Lead Solutions is a Marketing Technology firm focused on Social Media,
Content Marketing, SEO & Lead Generation for franchising. Hudson is certified in Hub
Spot inbound marketing and chairs the Detroit Hub Spot User Group (HUG). Her
specialization in social media, franchising and multi-unit location marketing strategies
has been recognized by Franchise Update Media Group with a Star Award, a recently
published LinkedIn case study on Franchising Search Engine Optimization and Lead
Generation. Nicole is a member of the International Franchise Association, sits on the
Marketing & Technology Committee, FranTech Conference Committee, a contributor to Franchising World
Magazine and regular speaker on LinkedIn social selling and lead generation. Connect with her on LinkedIn, via
email nhudson@inboundleadsolutions.com, @getinboundleads, or text/call 248.808.9922.
8. Dustin DeTorres: Director of Inbound Marketing, Integrated Digital Strategies
With over a decade of marketing experience and 6 years of hands on Hubspot Marketing Automation
experience across 4 start-up companies and consulting with dozens of different types of verticals, Dustin
brings a unique blend of Inbound Marketing experience to the table. He's a certified Hubspot Partner and
the leader of the Hubspot User Group of Central Florida.