I know I’ve never really learned a whole lot just watching Netflix. Of course, I’m talking about literally watching my favorite shows. However, there are four things Netflix can teach business owners about digital marketing that has nothing to do with Blockbuster.
Have you ever had a friend pull up their Netflix account for you? It’s completely different than yours. In fact, everyone has their own netflix home screen with currated content (albeit automatically currated) based on what they have been watching. You might think that you couldn’t do this as a business owner. You’d be wrong.
Pretty simple. One easy example is a real estate. Often there are two types of opportunities for real estate agents. Home buyers and home sellers. You could change the wording of your email to communicate specifically to those two groups. This will work for almost any business. Change your wording for large fortune 500 corporations vs your wording for your small business client. B2B wording vs B2C. In almost any business you can niche your customers down into separate groups. In those groups change the wording, just like some will love Action while others will love Drama.
Netflix feels like it’s everywhere. That’s because it is. They advertise on Facebook, Instagram, in your email box and more. Too many businesses get focused on one channel when there are a bunch of channels to attack. Don’t let this be your excuse to be scatter brained. The key is to make progress in one, be consistent and then move on to add the next channel. Be like Netflix. Master e-mail. Then decide how you want your business to market itself on each channel. Some ideas:
There aren’t a lot of features on Netflix. There aren’t a lot of options on how to play. It just starts and frankly hasn’t changed in years. Business owners should simplify their message. Donald Miller, author of Storybrand, says, “if you confuse you lose.” This is true of apps, software and business missions.
One good exercise is to work on your elevator pitch. Whether your a corporate conglomerate CEO or a 1 man service business, you should be able to articulate what your company does and what it’s mission is in 90 seconds. This isn’t just great for networking it’s a great clarifying exercise.
We’ve covered Email marketing in another episode, but Netflix has this down. In fact, you can see them using two of these keys we mentioned above in the email marketing. The message is simple, “here’s a show we thought you’d like” and the it’s tailored based on my preferences. Bodybuilding.com is the only other place I’ve seen do this well. They know what I’ve bought and suggest similar products or complimentary products in their mailing.
Don’t have an e-commerce business? You could easily do this as a:
I’m sure we could spend another episode learning from Netflix alone, but these tactics are something that every entrepreneur can do.
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