High Streets Initiative Hunter Ruthven · 10 April 2017
Yell and Facebook forge local advertising product
Small businesses throughout the UK will have access to a highly targeted? local advertising product after social media platform Facebook and digital marketing company Yell partnered. Based on research suggesting eight times a month is the optimum number of times to see a Facebook, the Yell and Facebook local advertising offering is aimed at helping small businesses harness the power of social. Speaking exclusively to Business Advice, Yell CEO Richard Hanscott said the development is a natural extension of the work it has done on the adword side of things with Google. the use of social is growing rapidly, and we felt it was important for small businesses to have this opportunity, he explained. We can now allow a business of any shape or size to determine an audience it wants to talk to and that could be gender, age or geographical and we can put together a creative and get it in front of that audience eight times in a month. Looking at the pressures faced by small retailer today, many of which are being showcased in the new Business Advice High Streets Initiative, Hanscott pointed towards finding new sources of customers as a particularly big one. Firstly, he advises making sure your business has the right digital presence a website with the right listing details that is updated regularly. Then it is about performance local advertising to drive new business. Without it, he compared it to running an ice cream shop in the desert it makes sense but no customers know where you are. ‘small businesses which are immature? don’t realise how much competitors are investing digitally, he warned. He was also quick to point out the importance of reputation management, which comes in the form of managing reviews and having an open dialogue with customers. Quite a lot of small businesses are frightened with using review systems, scared of that one bad review. But you need to know how to deal with it. For most of us, if you see a bad review and it’s handled well it’s not such a bad thing. Like Business Advice, Hanscott believes there are some big issues affecting high street retailers ones which reflect the changing nature of the British consumer.
ABOUT THE EXPERTHunter Ruthven
Hunter Ruthven was previously editor of Business Advice. He was also the editor of Real Business, the UK's most-read website for entrepreneurs and business leaders at the helm of growing SMEs.