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Using Technology to
Drive Innovation &
GROW Your Business
October 17,
2012
Using Technology to Drive Innovation &
         GROW Your Business
         Ramon Ray              Laurie McCabe
         Regional               Co-founder &
         Development            Partner, SMB
         Manager,               Group
         Infusionsoft and       @lauriemccabe
         Editor,
         Smallbiztechonlogy
         .com
         @ramonray

         Grant Wickes         Shashi Bellamkonda
         VP Business          Sr. Director, Social
         Development,         Media, Web.com and
         Wasp Barcode         Adjunct Marketing
         Technologies         Professor Georgetown
         @gwickes             University
                              @shashib
Top Business Challenges for Small
           Businesses
                          Attracting new customers                                                         54%

                                  Growing revenue                                                      50%

                               Improving cash flow                                             39%

                            Maintaining profitability                                         38%

                               Retaining customers                                   25%

              Finding/hiring qualified employees                         15%

                Meeting regulatory requirements                        14%                  What do you
                                                                                            view as the top 3
               Improving employee productivity                         14%
                                                                                            business
                 Improving customer experience                         13%                  challenges for
       Attracting & retaining quality employees                        13%                  your company in
                                                                                            the next fiscal
Reacting quickly to changing market conditions                         13%                  year?
                               Obtaining financing                9%

                                  Other (please list)       3%
      Sample Size = 472
                                                      0%         10%      20%         30%    40%     50%     60%
                                                                                                                3
                                     Source: SMB Group 2011 Routes to Market Study
                                                     © SMB Group
Small Businesses Are Moving to the
                   Cloud
Purchases planned for next 12 months

         Accounting, financial /ERP              13%
                                                                                            87%
Contact and customer management                            29%
                                                                                      71%
      IT infrastructure management                          32%
                                                                                  68%
               Desktop virtualization                         34%
                                                                                  66%
                 Server virtualization                           38%
                                                                                62%
  Business intelligence and analytics                            39%
                                                                                61%
            Web site design/hosting                              39%
                                                                                61%           Cloud-based SW

                      Collaboration                              40%
                                                                                60%
                                                                                              Packaged SW
              Marketing automation                                     49%
                                                                        51%


                                Source: SMB Group 2011 Routes to Market Study
                                                © SMB Group
SMB Use/Plans of Mobile Devices and
                  Services
                                                                                   Improve employee
                                                                                                                  59%
                                                                                      productivity
                                                              Top Drivers
                                                             Mobile Apps              Better access to
                                                                                                                  59%
          Plan to use                                                                   information
                                                            for Employees
            mobile
                                                                                  Work from anywher              57%
          solutions in
          the next 12                                                               Improve customer
            months;                                                                                        28%
                                                                                         service
              24%              Currently
                              use mobile                                                Increase sales    23%
                               solutions;
                                  76%

                                                                                    Be more responsive                 51%


                                                              Top Drivers                Grow revenue             41%
                                                             Mobile Apps
                                                            for Customers         Enable customer self-
                                                                                                                  41%
                                                                                        service

                                                                                     Provide better
                                                                                                                 39%
                                                                                  customer experience

                                                                                       Keep up with the
Which of the following best describes your company's                                                             37%
                                                                                         competition
current use/planned use of mobile devices and services to
support business operations?
                                             Source: SMB Group 2012 Mobile Solutions Study
                                                            © SMB Group
What Mobile Business Apps Are Small
                Businesses Using?
   Top Mobile Business Apps: Employees                             Use and Plans for Mobile Web Sites and
                                                                            Apps for Customers
                                                                         Planning in NTM      Currently using

Currently use   Plan to use in next 12 months    No plans to use

                                                                           Mobile-device                           34%
      Customer relationship/                                              friendly website
                                     27%   24%       49%                                                     25%
       sales management

     Social media marketing 23% 21%                 56%                 Mobile apps. for
                                                                       collaboration with                       29%
                                                                      customers, partners                 23%
      Expense management 21% 20%                    59%               and suppliers, etc.


   Field service applications 20% 20%              60%
                                                                         Current                   Planned
  Time management & time
                         19% 21%                   59%             Appt/reservation        Marketing offers – 38%
         capture
                                                                   scheduling – 43%

     Financial management 18% 17%                  65%             Social media            Appt/reservation
                                                                   sharing- 42%            scheduling - 32% ;
                                                                                           Customer & partner
         Payment processing 18% 19%                63%                                     Service- 32%
                                                                   Buy products/           View/add/change
                                                                   services -37%           personal info – 31%
           Source: SMB Group 2012 Mobile Solutions Study
                          © SMB Group
Small Business Use of Social Media is
                 Soaring
                                                             What have you replaced with social
                                                                       media tools?


                                                          Newspapers, business/
              Do not use                                     trade journals,                       15%
                social                                         magazines
                media
                                                         Direct mail (hard copy)                   14%
              and have
               no plans
                do so
                                                                     Yellow Pages            10%
                 26%
                           Currently
                             use                                 Radio/television
                                                                                             10%
                            social                                 advertising
                            media
          Plan to use        52%                                 Email marketing             9%
             social
            media
           within the                                                 Tradeshows        6%
            next 12
            months
              22%                                                     Call Center       5%


                                                                                Email   5%

Sample Size = 431                Source: SMB Group 2012 Social Business Study
                                                © SMB Group
Higher Technology Spending Correlates
              with Higher Performance
                            Increased more than 20%                                              Increased between 10% and 20%
                            Increased between 1% and 10%                                         Remained flat
                            Decreased between 1% and 10%                                         Decreased between 10% and 20%
                            Decreased more than 20%                                              Don't Know



Revenue decrease 3% 6%             7%                      37%                       13%        7%           18%            9%




     Flat Revenue 2% 8%               12%                                      65%                                  2% 6% 2%
                                                                                                                     2%



                                                     50%                                                                              Sample Size = 452



Revenue increase         5%        16%                     29%                               35%                   3% 2% 8%
                                                                                                                     2%




  Which statement best describes your company's business outlook for the next fiscal year?

  By what percentage do you expect your company's spending for software and service technology solutions to increase or decrease in the next fiscal year?

                                                   Source: SMB Group 2011 Routes to Market Study
                                                                   © SMB Group
Social Media Objective:
To create a positive change in
  the mind of the audience


Goals:
   Build awareness
   Create identity
   Enhance Image
   Engage with customers
   Inform public
   Accuracy during crisis




                                 9
Tactics
  Presence

  Conversation      Blog    Reviews      b

  Curation
                            Website
  Creation

                            Mobile



                  Maps      Coupons    Location
Overcoming Challenges

 T ime         Use your
 Tools          Customers

 Budget      Grow your
                 community
 Risk
              Focus on niche

              Use media for
                 efficiency
Closing Thought

  Use new Tools & Tactics to succeed in
  your business
  Measure , Rinse and Repeat

  Tie it to goals

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Final 10 17-12 nyexpo using tech to grow

  • 1. Using Technology to Drive Innovation & GROW Your Business October 17, 2012
  • 2. Using Technology to Drive Innovation & GROW Your Business Ramon Ray Laurie McCabe Regional Co-founder & Development Partner, SMB Manager, Group Infusionsoft and @lauriemccabe Editor, Smallbiztechonlogy .com @ramonray Grant Wickes Shashi Bellamkonda VP Business Sr. Director, Social Development, Media, Web.com and Wasp Barcode Adjunct Marketing Technologies Professor Georgetown @gwickes University @shashib
  • 3. Top Business Challenges for Small Businesses Attracting new customers 54% Growing revenue 50% Improving cash flow 39% Maintaining profitability 38% Retaining customers 25% Finding/hiring qualified employees 15% Meeting regulatory requirements 14% What do you view as the top 3 Improving employee productivity 14% business Improving customer experience 13% challenges for Attracting & retaining quality employees 13% your company in the next fiscal Reacting quickly to changing market conditions 13% year? Obtaining financing 9% Other (please list) 3% Sample Size = 472 0% 10% 20% 30% 40% 50% 60% 3 Source: SMB Group 2011 Routes to Market Study © SMB Group
  • 4. Small Businesses Are Moving to the Cloud Purchases planned for next 12 months Accounting, financial /ERP 13% 87% Contact and customer management 29% 71% IT infrastructure management 32% 68% Desktop virtualization 34% 66% Server virtualization 38% 62% Business intelligence and analytics 39% 61% Web site design/hosting 39% 61% Cloud-based SW Collaboration 40% 60% Packaged SW Marketing automation 49% 51% Source: SMB Group 2011 Routes to Market Study © SMB Group
  • 5. SMB Use/Plans of Mobile Devices and Services Improve employee 59% productivity Top Drivers Mobile Apps Better access to 59% Plan to use information for Employees mobile Work from anywher 57% solutions in the next 12 Improve customer months; 28% service 24% Currently use mobile Increase sales 23% solutions; 76% Be more responsive 51% Top Drivers Grow revenue 41% Mobile Apps for Customers Enable customer self- 41% service Provide better 39% customer experience Keep up with the Which of the following best describes your company's 37% competition current use/planned use of mobile devices and services to support business operations? Source: SMB Group 2012 Mobile Solutions Study © SMB Group
  • 6. What Mobile Business Apps Are Small Businesses Using? Top Mobile Business Apps: Employees Use and Plans for Mobile Web Sites and Apps for Customers Planning in NTM Currently using Currently use Plan to use in next 12 months No plans to use Mobile-device 34% Customer relationship/ friendly website 27% 24% 49% 25% sales management Social media marketing 23% 21% 56% Mobile apps. for collaboration with 29% customers, partners 23% Expense management 21% 20% 59% and suppliers, etc. Field service applications 20% 20% 60% Current Planned Time management & time 19% 21% 59% Appt/reservation Marketing offers – 38% capture scheduling – 43% Financial management 18% 17% 65% Social media Appt/reservation sharing- 42% scheduling - 32% ; Customer & partner Payment processing 18% 19% 63% Service- 32% Buy products/ View/add/change services -37% personal info – 31% Source: SMB Group 2012 Mobile Solutions Study © SMB Group
  • 7. Small Business Use of Social Media is Soaring What have you replaced with social media tools? Newspapers, business/ Do not use trade journals, 15% social magazines media Direct mail (hard copy) 14% and have no plans do so Yellow Pages 10% 26% Currently use Radio/television 10% social advertising media Plan to use 52% Email marketing 9% social media within the Tradeshows 6% next 12 months 22% Call Center 5% Email 5% Sample Size = 431 Source: SMB Group 2012 Social Business Study © SMB Group
  • 8. Higher Technology Spending Correlates with Higher Performance Increased more than 20% Increased between 10% and 20% Increased between 1% and 10% Remained flat Decreased between 1% and 10% Decreased between 10% and 20% Decreased more than 20% Don't Know Revenue decrease 3% 6% 7% 37% 13% 7% 18% 9% Flat Revenue 2% 8% 12% 65% 2% 6% 2% 2% 50% Sample Size = 452 Revenue increase 5% 16% 29% 35% 3% 2% 8% 2% Which statement best describes your company's business outlook for the next fiscal year? By what percentage do you expect your company's spending for software and service technology solutions to increase or decrease in the next fiscal year? Source: SMB Group 2011 Routes to Market Study © SMB Group
  • 9. Social Media Objective: To create a positive change in the mind of the audience Goals:   Build awareness   Create identity   Enhance Image   Engage with customers   Inform public   Accuracy during crisis 9
  • 10. Tactics   Presence   Conversation Blog Reviews b   Curation Website   Creation Mobile Maps Coupons Location
  • 11. Overcoming Challenges  T ime   Use your  Tools Customers  Budget   Grow your community  Risk   Focus on niche   Use media for efficiency
  • 12. Closing Thought   Use new Tools & Tactics to succeed in your business   Measure , Rinse and Repeat   Tie it to goals