8 step plan to launch a daily deal business
DESCRIPTION
http://dailydealbuilder.com presents an Easy 8 Step Plan To Successfully Launch a Daily Deal Business. Any questions please contact us at [email protected] or call us at 1-800-794-7192 .Original Video Source: http://www.youtube.com/watch?v=pMdA53TNYwITRANSCRIPT
Daily Deal Builder Presents:
8 Steps to Launch a Daily
Deal Business
Presented by Marc Horne
Step 1: R & D
• Research geographic and niche markets
and search for an area that you could tap
into.
• Develop your site – Recommended to
start with Daily Deal Builder.
Step 2: Organization
• Ducks in row – Merchant acct., LLC, site design
• Google Documents – Partners list, calendar, To-do’s
• What will you insource, outsource, or crowdsource.
• Process Documents – To aid in growth, hiring, and
expansion.
Step 3: SEO Plan
• Map out your top keywords that you intend to target.
• Submit content on a regular basis that targets your
keywords.
• Syndicate videos, articles, press releases, podcasts, etc.
• Strive to always be notified in your Google Alerts
• Continually monitor your Search Engine rankings and
strive to continue moving upward.
• Blog regularly.
Step 4: Social Media Plan
• Facebook – Always post new deals up on FB, hold contests rather
regularly to keep building list and likes. Work on engaging with
your followers – not using spammy marketing techniques.
• Pinterest – Submit your deal images on Pinterest.
• Twitter – Remain active on Twitter. Post relevant and industry
related updates.
• LinkedIn – Continue building up strategic relationships and
potential merchants to run from LinkedIn.
• Be Proactive.
Step 5: Finding Merchants / Locking in deals
• Always be building your prospect document and reaching out to people who
you’d like to feature on your site.
• Strive to be 15 - 30 days ahead of your schedule. Before launching aim to
have at least 7 deals locked in.
• Continue to optimize and streamline your process of locking in deals.
• Potentially hire a sales rep leader. Salary mixed with commission basis or
combination of the two.
• Strive to build and grow a real relationship with your merchants. Don’t just
stop with offering their products.
Once you are in the door…
• Get Contracts signed.
• Negotiate price points. Typically, businesses offer 50%-90% off a
product or service on a daily deal. You may get creative.
• Coupon redemption. Have merchant print out voucher numbers and
empower employees to mark coupons as redeemed – either online or just
physical paper.
• Merchant follow. Help merchant come up with a great plan to squeeze
visitors email addresses and work up a great follow up plan to get them back
in the door. (2nd tier potential)
• Request deliverables. High quality picture(s) of product or service,
original price points, and fine details that will help you formulate the best copy
for the merchant.
Step 6: Writing Deal Copy
• Grow your “Voice”.
• Use humor & high quality images.
• Headlines.
• Hire a copywriter.
• Split test and work to continually optimize.
Remember, you can’t make a
bad business good, all you
can do is market the deal.
i.e. choose quality products and services
Step 7: Strategic Partners
• Find 3 strategic partners who have a list built up of your
target market.
• Continue searching for folks successfully using an optin form with your
keyword credentials (search engines, LinkedIn, Facebook, Forums)
• You can also potentially work out blast or advertising arrangement with
merchants on your potential partner list.
• Looking for an email blast / blog post / advertising arrangement with
them.
• Affiliate percentage / future ad space / future email blast / what can you
do for them in exchange?
Step 8: Traffic Planning
• Social.
• Guerilla
• Organic
• Paid
• Affiliate / Strategic Partners
Getting Live And In Person
• The Walk-in
• Local Events
• Trade Shows – Daily Deal Summit -
http://dailydealbuilder.com/blog/daily-deal-summit-the-
power-of-live-events/
• Meetup.com., LinkedIn
• Project Yourself and ABN (Always Be Networking)
Future Growth
• Outsource, Insource, Crowdsource
• Hiring process and whom to hire.
• Focus on 1. growing your list, 2. Nurturing your merchant
relationships, & 3. Making your customers happy.
• Project Yourself and ABN (Always Be Networking)
• Potentially get financing