The Power of a #Hashtag

The Power of a #Hashtag

When it comes to creating and sharing social media content for your business, incorporating hashtags is an excellent way to increase views, likes, and shares. When used properly, hashtags make it easier for others who are interested in your content to find you, hence increasing your influence, and following.

You have probably seen many hashtags by now. They first became popular on Twitter but have since spread to other social media platforms including Facebook, Instagram, and LinkedIn. In June 2014, the word “hashtag” was added to the Oxford English Dictionary and defined as “a word or phrase with the symbol # in front of it, used on social media websites and apps so that you can search for all messages with the same subject” (Source: Wikipedia).

Are you ready to incorporate hashtags into your social media plan? Here are four pointers to keep in mind.

#1. How to make a hashtag

Creating a hashtag for your content is as simple as adding the octothorp symbol (#) in front of the word or words you wish you stand out, such as #Hashtag. To hashtag a phrase, you’ll spell it out completely, without spaces, symbols, or punctuation. You can also use numbers. #MakingaHashtag is an example of a phrase hashtag. The hashtag(s) can be added to the beginning, middle, or end of your social media post or comment.

#2. Designing a hashtag strategy

It may seem easy enough to turn any word or phrase into a hashtag. However, you’ll want to utilize relevant hashtags as much as possible. This is important since the more specific you can be, the more likely you are to reach your preferred audience. Since adding the # symbol automatically makes a word or phrase clickable, you’ll want to carefully choose the ones you use.

Consider the following for your hashtag strategy:

  • Avoid going overboard with your hashtags. The number of hashtags that can be used is determined by the platform (we’ll get into more details about that below). However, in most cases, one to three hashtags can have a greater impact than having too many of them.
  • Instead of trying to fit a lot of words into one tag, keep your hashtags short and memorable.
  • Rather than making up hashtags that are obscure or cryptic, stick with more popular choices. If you choose a tag that no one will search for, it will not benefit your marketing because it will not be found!
  • Focus on using hashtags within your posts when they bring value to your audience and are more likely to spark dialogue and interaction. In other words, you don’t have to pack them into every post.

#3. Finding the right hashtags to get the results you want

Now that you’re ready to start using hashtags, the next step is determining the ones that are best for you and your brand. The key is to find hashtags that complement your content and appealing to your followers. You’ll always want to research a hashtag to get the best, most effective outcomes.

There are various websites that can help you in selecting hashtags for your brand. Here are four sites we like to use:

  1. Hashtagify (https://hashtagify.me)
  2. All Hashtag (https://www.all-hashtag.com/)
  3. Best Hashtags (http://best-hashtags.com/)
  4. BrandMentions (https://brandmentions.com/hashtag-tracker/)

Once you’ve identified the hashtags you want to use, it’s a good idea to scan the social media platforms where you intend to use them to see what comes up when you search for them. Doing this will help you easily identify whether they are popular, as well as if they are appropriate for your brand.

#4. Learn how hashtags work across social media platforms

As we mentioned earlier, the main purpose of using hashtags on social media is to let your followers know that your content falls into a specific topic or category. As such, you will also want to learn how to use hashtags on different platforms.

Twitter

Twitter is fast and furious. Without hashtags, your content will easily become lost in a flood of tweets. According to HubSpot, Tweets from businesses that include hashtags are 33% more likely to get retweeted than tweets without hashtags. (https://blog.hubspot.com/marketing/twitter-statistics). However, if you use too many hashtags in a post your message will lose its value. Although you can use as many hashtags in a tweet as you like, Twitter recommends using no more than two per Tweet. (https://help.twitter.com/en/using-twitter/how-to-use-hashtags)

Facebook

When it comes to gaining greater visibility for your Facebook posts, hashtags can help increase organic reach. Simply type a keyword into the search bar to get hashtags that are relevant to you. It’s usually best to limit yourself to one or two hashtags per post, though. More beyond that can make you appear unprofessional and may even annoy the people who read your posts.

LinkedIn

Hashtag use on LinkedIn is still fairly new, but they work on this platform in the same way as on any other network. Using hashtags on LinkedIn can help you reach people who are outside of your network, increasing engagement and trustworthiness. One to three hashtags are suggested for posts on LinkedIn.

Instagram

On Instagram, hashtags can help you reach a wider audience and enhance engagement. So, to reach the largest audience possible, feel free to use up to ten or eleven relevant and popular hashtags per post. You can actually use up to 30 hashtags per post, giving you plenty of options. Use the search box to find out which hashtags influencers and your competitors are using to engage with their followers on Instagram. Because this is the ideal platform for multiple hashtags, try experimenting with a variety of them to use in your own posts and comments.

Over to you

Hashtags are an excellent way to communicate with your followers, increase engagement, and potentially attract new customers through social media. When it comes to which hashtags to use or how to use them, there are no hard and fast rules, but the guide provided above will help point you in the right direction.

Written by: Jennifer Hanford, MYOB Blogger

Using Your Resources

Using Your Resources

When it comes to running a successful business, a little knowledge goes a long way. The effective use of available resources is one way to gain that knowledge. Additionally, businesses can achieve new heights of success by utilizing their resources efficiently.

For many small business owners, however, managing their resources can be challenging. For one thing, there is no “one-size-fits-all” solution for managing all your company’s resources. Here are some recommendations to get you started.

Resources for social media

When it comes to using social media for business, you will want to keep in mind that there are significant differences between professional and personal use. Fortunately, there are many resources available both online and off to help you plan and create the best social media content for your business.

You’ll learn quickly that fact checking should be a top priority when sharing social media content on your company’s social media sites. We all want people to read, enjoy, and share our pages’ posts. However, before you share an enticing, hot-off-the-press piece in the hopes of gaining engagement, make sure it is accurate. As we have mentioned in previous posts, false information abounds on the internet, so verifying your sources when creating and/or sharing content is critically important for building trust and social proof with your audience. For example, if you are checking the validity of a story online (such as a political story, news story or celebrity based story), www.snopes.com can help you verify. When looking to verify statistics, try www.statista.com for accurate information.

The appropriate use of hashtags is another resource that helps businesses manage their social media. In fact, hashtag usage has skyrocketed on social media over the past few years. And, with the right hashtags, potential customers can find your company on social media platforms more easily, and your posts will reach a larger audience. Hashtag tracking tools, such as the one provided by BrandMentions (https://brandmentions.com/hashtag-tracker/#) aid in the discovery of popular and relevant hashtags on Twitter, Facebook, Instagram, and other social platforms.

And lastly, there are the resources that provide you with analytics for your business’ social media platforms. In a nutshell, analytics are important since they uncover insights in social media that can be used to benefit your business. They will assist you in determining where to focus your social efforts, which networks are active, and what type of content has the greatest impact on your audience. Each of the main social platforms provides ways to access and view your pages’ analytics such as the number of followers, reach, impressions, and engagement.

Resources for bookkeeping

Proper bookkeeping for your business is essential for its overall financial health. Having your books neat and in order aids in tax preparation, among other things. Many business owners choose to keep up with their own books, but it’s time-consuming and labor intensive. One resource that is readily accessible to help you learn the ins and outs of small-business bookkeeping along with managing your books is online accounting software. A quick online search will produce several results from which to choose.

Creating and regularly reviewing a Profit and Loss Report (P&L) for your company is another valuable resource. The P&L is a financial report that summarizes a company’s revenues, expenses, and profits/losses over a specified period of time.

The main categories that can be found on the P&L include:

  • Revenue (or Sales)
  • Cost of Goods Sold (or Cost of Sales)
  • Selling, General & Administrative (SG&A) Expenses
  • Marketing and Advertising
  • Technology/Research & Development
  • Interest Expense
  • Taxes
  • Net Income

Another source of online information for bookkeeping and accounting fundamentals can be found on the websites for the Canada Revenue Agency (https://www.canada.ca/en/revenue-agency.html) and Service Canada (https://www.canada.ca/en/employment-social-development/corporate/portfolio/service-canada.html).

As your company grows, however, you may discover that you have less time to devote to precise bookkeeping. Hiring an accountant and experienced bookkeeper can assist you in staying organized and current with government filings while saving you from headaches in the long run.

At Mind Your Own Business, for example, we work with our clients and communicate with them regularly as we maintain their books and ensure that all government filings are completed on time. (https://www.myobontario.ca/are-you-ready-if-the-auditor-comes-calling/)

Resources for websites

An invaluable resource for any business website is Google Analytics (https://marketingplatform.google.com/about/analytics/). Installing Google Analytics is a smart option because it is a free website analysis tool that collects data and then produces reports with thorough statistics on who visits your site. As well, Google Analytics assists you in better understanding your site and app users to better evaluate the performance of your marketing, content, products, and other initiatives.

Some of the statistics you may find helpful include users, sessions, pageviews, and bounce rate. The bounce rate is the percentage of visitors who left your site from the home (landing) page (they left the site from the same page they entered it on). A high bounce rate typically indicates that your site’s landing pages are not relevant to your visitors and/or the content isn’t what the user was looking for.

There are numerous advantages to implementing Google Analytics. It is a useful tool for all types of businesses because it provides information on who your website visitors are, if they’re engaging with your content, and how long they stay on your site.

Over to you

Small business owners are fortunate to have access to a wealth of resources to assist them in starting, running, and growing their companies. A good business owner is always learning; acquiring knowledge through various resources enables you to recognize and capitalize on opportunities around you, allowing your business to thrive in the face of competition and ensuring its relevance in your industry.

Written by: Jennifer Hanford, MYOB Blogger

Planning For Your Business

Planning For Your Business

“If You Fail to Plan, You Are Planning to Fail” — Benjamin Franklin

Some business owners draft plans, then file them away to gather dust. Make sure you’re not one of them. Keep in mind that planning ahead will save you time and money down the road. It also provides you with a lot more control over the day-to-day operations of your business.

Remember these three things:

  1. Wishing and hoping is not a plan.
  2. The attitude that you deserve a break eventually if you keep trying different things is not a plan.
  3. Working long hours and working hard while focusing solely on what is on your desk and in front of you is not a plan.

Consider the following benefits of planning:

  • Having a plan assists you in prioritizing your tasks
  • It helps you anticipate changes and how to effectively respond to them
  • A plan will help you manage your time and resources more efficiently
  • Prevents your business from experiencing an avoidable crisis
  • Helps put you ahead of the game as well as ahead of your competition

In a nutshell, creating and embracing a plan allows you to work smarter by focusing on the things that truly matter as opposed to just being busy. A solid business plan establishes boundaries and standards for organizing and running your company. As well, planning brings your team together, resulting in improved performance and efficiency.

Are you ready to start planning? Here’s what works for us.

Planning helps our bookkeeping customers stay prepared.

Adhering to timelines for important Revenue Canada filings and remembering when they are due is an essential component of planning with our bookkeeping clients. It is essential to have the work completed on time and reports in hand to meet those deadlines consistently.

We recently installed new project management software so that our clients can receive notifications about these critical deadlines. This, in turn, enables MYOB to provide better customer service by being proactive.

For our non-profit bookkeeping clients, there are board meetings and organizations that call for financial reports regularly. Most non-profits require a plan for tracking grants and donations, including not only the income but also all expenses associated with each grant or designated donations. Since this is part of the setup, we like to determine what plan to track is best in the initial and ongoing customer meetings. We will then establish check-in points along the way to ensure the plan continues to be helpful.

Planning assists our social media customers in achieving their marketing goals.

For our social media customers, planning includes a strategy and vision for the outcome. We consider the objectives they wish to achieve. For example, is it more important for them to have more traffic to their website or for people to physically visit their location? Are they a new company and looking to build brand awareness?

Once a client has established some broad goals, it’s time to dig deeper and become more specific about them. And finally, for best results, we assist by developing timelines and tracking statistics to determine when to revise the plan.

Planning for our website customers allows them to update and refresh their company’s image on the web.

Determining the purpose of the website is an important first step in creating a solid plan. When developing a website, it is critical to consider the user experience, content, and message in advance.

Is this a brochure site, for information? Is this a member site with a login and chat feature? Is this a site where you intend to send a lead to land a sale? Either way, the plan comes first.

Over to you.

As you can see, planning for your business does require a lot of time and effort on your part. It entails mapping out timeframes and accounting for unexpected events. For successful planning, you will find it advantageous to set aside specific times throughout the year to plan. Plan timelines, goals, and budgets, as well as contingencies and obstacles. Break it down into manageable chunks, weekly goals, daily actions, or whatever helps you stay on track.

A good plan is also a flexible plan. You will want to plan to spend time reviewing your progress often and revising your plan as needed. New opportunities arise all the time, and you must consider them carefully. Remember that to achieve your goals, you must be adaptable and responsive to change. The pandemic has taught us that companies who were able to pivot and adjust quickly faired better than those who didn’t.

And finally, we all get excited about great ideas, but few of us want to get down to the business of actually implementing them. Make sure to put your hard work and new strategy into action and start executing your plan sooner rather than later!

Written by: Jennifer Hanford, MYOB Blogger

Going Viral

Going Viral

Everyone who creates and manages a social media account dreams of having a post (or posts!) go viral. But what does that even mean?

Here’s how Urban Dictionary defines “Go Viral”: As used in reference to Internet content which can be passed through electronic mail and social networking sites (Facebook, etc.): an image, video, or link that spreads rapidly through a population by being frequently shared with a number of individuals has ‘gone viral’. They note that strong political content, celebrity news, news of disasters, among others, are popular topics that have the potential to go viral.

While the concept of “going viral” is straightforward, determining when a post has truly gone viral is more complex. The amounts of views/shares/links, the number of unique people the material has reached, the rate at which the content is consumed, and the content’s longevity are all elements to consider.

What makes a post go viral?

We live in a time where anything may become extremely popular thanks to social media. Even if it’s only for a brief period. Think of a viral post as being like a music hit. You’ll never know what will work unless you try it! However, you will need to spend some time thinking about what type of content will grab people’s attention and appeal to the masses.

Here are a few suggestions to get the ball rolling:

  1. Browse other people’s content to discover what is working for them.
  2. Stay up to date. Keep your eyes open for the latest breaking news online. Every day, you’ll hear folks discussing something in common.
  3. Twitter’s Trending Topics is a wonderful place to discover current hot topics and to find out what people are talking about. Whether you want to focus on local or worldwide trends, Twitter makes it easy for you to personalize your search. (https://help.twitter.com/en/using-twitter/twitter-trending-faqs)
  4. Focus on creating compelling content that solves problems or otherwise provides educational value to others. Think quality over quantity.
  5. Source or create your own attractive, high-quality images and graphics. Stock photos are great in a pinch, but there is a good chance they have already been seen by others. Keep your camera ready for one-of-a-kind photo opportunities!

Ideas for creating a viral post:

  1. Target your audience by location. If your product or service is location-based, being able to target by location can have a significant impact on how your post is shared.
  2. Give your post a boost. If you have a post that is gaining traction on Facebook, consider boosting it or setting up an ads campaign to further increase its reach and engagement.
  3. Conduct a fun, yet relevant online quiz. According to Neil Patel, quizzes are the most engaging type of content on Facebook! (https://neilpatel.com/blog/share-on-social-media/)
  4. Leave them laughing! Humour, especially in today’s world, is a valuable commodity. A creative meme is a fantastic way to make people laugh. Memes also have a strong potential to go viral, especially when they are relatable to large groups of people. When the content includes a joke or a topic that everyone can relate to, more people find it amusing and choose to share it with their friends, who then share it with their friends, and so on. You can easily create your own memes for free through sites such as Meme-Generator.com and imgflip.
  5. Tap into the power of hashtags. Adding relevant and popular hashtags to your social media posts is an effective way to categorize your content so it’s easy to find. It also provides people or other brands, regardless of whether they’re following you, with a direct way to talk about it. Two good sites to help you find popular hashtags are best-hashtags.com and Hashtag Picker.
  6. It’s okay to ask! Regardless of the platform or content, feel free to ask your followers to help share, react, or respond to your post. You can also ask them to tag their friends, increasing the number of people who will see and share your post.

Your post went viral! Now what?

That feeling of having a post go viral, or even semi-viral, is truly addictive! Your hard work has paid off! So go ahead and pat yourself on the back – you deserve it!

Although you may be tempted to ride the wave of that one viral post, it is inevitable the high levels of engagement will eventually drop off. Viral posts also provide the perfect opportunity to grow your audience.

Here are two ways to convert views into new followers:

  1. Respond, respond, respond. Increase your level of engagement and respond to every new person who comments and/or shares your post. People love to be acknowledged and made to feel welcome.
  2. If your viral post is on Facebook, you will be able to directly invite post likes to follow your page:
  • On the post, click where it shows you the number of post likes
  • This should automatically bring up a list of people who reacted to your post
  • You will see a button that allows you to Invite them to like your page, if they haven’t already been invited or like your page
  • Click on ‘invite’ to send them a notification

At the end of the day, you can rest easier by remembering that it is impossible to predict which posts will go viral. Engagement and interaction levels influence whether a post will go viral or not, so focusing on gaining interaction is essential. Remember that your loyal audience is out there, patiently waiting for your next post, and another after that one, and so on. Continue to keep them in mind rather than worrying about whether you’ll impress everyone each and every time.

Written by: Jennifer Hanford, MYOB Blogger

Wellness at Work

Wellness at Work

We have talked about a healthy work-life balance, but what about staying healthy at work? Mental and physical health at work are important factors to staying motivated and engaged with your business, peers and clients. Keeping your employees motivated and engaged with their work is a leader’s responsibility. Here are 8 tips to help you stay healthy at work.

1. Keep the Metaphorical Door Open

When it comes to health, employees may feel uncomfortable sharing their woes at work. By allowing an open-door policy and listening to concerns with empathy and without judgment, you will encourage more honest dialogue.

2. Make a To-Do List

Having a list set out for your day will help you stay focused, reduce stress, and offer a little dopamine boost when you check off that completed task. Smaller, manageable goals will keep you from getting overwhelmed too quickly. Our team uses Trello for our daily to-dos, and we have found it to be a valuable tool. https://bit.ly/30ZrbVk

3. Keep Your Workspace Clean and Organized

Whether you’re in an office or at home, less clutter will result in less stress. Having something small (like a family photo, or favourite mug) that makes you smile will also contribute to keeping your spirits up. Keeping your workspace dust-free and sanitized regularly will reduce your risk of catching viruses – even if you’re not sharing your space.

4. Take Stretch Breaks

Physically, your body is not meant to sit for 7 straight hours. Taking regular breaks to stand up, walk around, and stretch will benefit your heart health, and overall muscle health! Taking a break from your computer will decrease eye strain as well.

5. Set Yourself Up for Success – Ergonomically

Having the proper chair and desk set up will decrease potential for repetitive strains and poor posture resulting in back and neck pain. Occupational Therapists can help you determine which chair is best for your situation, or you can opt for a sit/stand desk which will allow you to adjust the height of your desk.

6. Drink Water

This is a life hack that is always good advice. Drinking water throughout the day will keep you hydrated and productive. According to WebMD, that mid-afternoon slump many feel may be due to dehydration! If you struggle with remembering to drink water at work, keep a water bottle on your desk and set an alarm to remind yourself it’s time to hydrate!

7. Leave Work at Work

We talk a lot about a healthy work-life balance in our previous blog “Tips for a Healthy Work-Life Balance”. As a business owner, leaving work at work may seem impossible. Our work tends to be 24/7. Allow your employees to leave work at work by not contacting them outside of working hours. For yourself, be sure to set out some time that you can just sit and relax. Build in some unplugged time!

8. Consider Adding a Benefits Plan

Finally, if it is feasible for you to do so, consider adding a benefits plan or health fund for your employees. If they’re able to access affordable care (like dental, prescriptions and vision care), this will help them take care of themselves. There are many great plans out there that are available to small businesses.

We all know that money cannot buy good health and wellness!