With the current economic turmoil, many companies are turning inward and holding on to their cash reserves. While it’s always wise to be shrewd with your money—regardless of how the economy is fairing—the old adage “you need to spend money to make money” still holds true.

The good news is that there are tactics you can employ that will have a minimal cost associated with them—but will produce great returns, build your brand and increase your lead generation efforts. In fact, if done right, the ROI from employing all of these tactics will only continue to improve over time. So just what are these tactics?

1. Incorporate search engine optimization (SEO) best practices
Today, more than ever, we’re inundated with so many messages that when people need to search for something, they just Google it. Making sure your company ranks high in organic search results doesn’t happen magically—nor does it happen overnight. But it can happen. The outcome—a flood of new, and possibly returning, visitors to your site—and therefore, more revenue.

These best practices range from keyword research and incorporating the keywords that resonate with your audience across all mediums to confirming your site structure is search-engine friendly and using correct programming code to draw the right attention to keywords on your page.

2. Improve your Web site
Amidst some speculation out there, content is STILL king. Review your site’s content. Does it resonate with your target audience? Is it up to date? Is it Web-friendly? Does it have a call to action on each page? Beef up and revise content as needed, making sure that you incorporate applicable keywords as part of your SEO strategy.

Also, understand the behavior of your Web site visitor by analyzing your site’s traffic. Once you see a trend or a pattern, take steps to remedy any glaring problems so that your visitors will stay on your site longer.

3. Create a blog
Remembering that content is king, producing a blog with targeted posts focused on key industry topics is a guaranteed win-win-win. Your target audience will gain insight and be able to share their comments about that posting.

At the same time, you will be able to leverage its content across multiple marketing mediums. These mediums can range from e-newsletters as part of a Target Account Program (TAP), Facebook and Twitter, to providing you the option of sending clients/prospects a link to a blog posting highlighting the sales point you’re addressing. Your company will also be able to demonstrate its expertise on select topics and, when done right, it will also help you to become a recognized industry resource. The days of long white papers have been replaced with informative blog posts and shorter articles focusing on key business-related topics.

Lastly, the search engines will associate this relevant content to your company when people are searching for topics related to your post—thus helping you increase in the search engine rankings (in other words, appear higher on the list).

4. Implement a linking strategy
People are short on time and new products and information are rolled out every hour. Unless you’re Microsoft or Coca-Cola, not everyone knows about who you are and what you have to offer. Implementing a linking strategy helps dwindle that percentage down—one comment at a time.

This is done by posting comments on various blogs and forums that ultimately directs others back to your site and/or blog. For example, you’re in IT staffing and are looking to recruit potential SAP developers. Locate and join any user groups and communities focused on SAP. Once a member, post comments and reply to other people’s comments (a.k.a. threads). Continue to do this for a couple of posts, and then start to mention in future posts that your company specializes in IT staffing and is in need of SAP developers. Provide a link to your site and/or job posting. Repeat this process across multiple mediums and sites.

5. Invest in social media
People have been connecting to friends, family and colleagues on MySpace, Facebook and Twitter for some time and businesses have discovered how powerful these social networking and social messaging sites are for reaching their target audience.

Like businesses, consumers are also turning inward during this economic situation. They are making more and more purchasing decisions based upon recommendations from friends and colleagues in their network. This trend is expected to only continue—thus promoting the need to not only have a company presence on these social networking and social messaging sites, but also actively post and comment on them.

As with anything online, these tactics should complement each other. This creates a synergy that enables you to maximize your efforts and build your brand, while generating additional revenue. Another benefit to having an online presence is that it enables you to modify your messaging and/or approach at a moment’s notice—helping you stay current with the latest trends and hot topics.

So what are you waiting for? Get out there and get online! Start experiencing firsthand the benefits of implementing these five key methods to help you to generate additional revenue.

Elizabeth Smith
Director of Social Media Marketing
ClearEdge Marketing

This entry was posted on Friday, January 23rd, 2009 at 3:16 pm and is filed under Business & Marketing Strategy, Social Networking. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.