Events & Awards

Live from JA New York: Why it pays to be ‘likeable’

Events & AwardsMar 03, 2014

Live from JA New York: Why it pays to be ‘likeable’

“The ROI (return on investment) of social media is that your business will still exist in five years.” That was the crux of a talk given Monday at the JA New York Winter show by Dave Kerpen, CEO of Likeable Jewelers and a best-selling author. 

New York--Because social media is now the No. 1 activity on the web, it’s a platform that cannot be ignored when it comes to marketing for small businesses, and is a powerful tool to reach targeted consumers when used correctly.

This was the message behind an educational seminar presented Monday at the JA New York show by Dave Kerpen, New York Times best-selling author of Likeable Business and Likeable Social Media and CEO of Likeable Jewelers. He discussed how retailers can leverage social media to build a base and bring in more customers.

To sum up the importance of social media to small businesses , Kerpen shared a quote from Erik Qualman, author of the best-selling Socialnomics: How Social Media Transforms the Way We Live and Do Business, who said: “the ROI (return on investment) of social media is that your business will still exist in five years.”

Since today’s consumers are spending more time on social media and less time surfing the web, more emphasis is put on recommendations that come from friends and family. And since Facebook is just “word of mouth on steroids,” Kerpen said, he predicts that social media will become more important than search engines over the next few years.

What social media will do:
1. Allow businesses to easily reach new clients. Kerpen said that these platforms are more effective than traditional marketing methods in reaching targeted consumers.
2. Help the business stay top of mind with current clients. Appearing in clients’ News Feed or Twitter feed gives a retailer regular exposure, and is the best way to drive ROI, according to Kerpen. It allows retailers to communicate with clients more often in “a way that’s not too sale-sy or spammy.”
3. Build lasting relationships with all clients. Social media is “Word of Mouth 2.0,” Kerpen said, and a presence on these sites can allow for reviews and recommendations that can help jewelers build clients for the long term.

What social media won’t do:
1. It won’t be free. The main cost for a strong social media presence is time, as well as any paid advertising.
2. It won’t bring instant results. Whereas some forms of marketing, such as mailers and emails to clients, may bring in new customers quickly, social media takes time to build up relationships with scale over time.
3. It won’t make up for an unlikeable

business. “If there are fundamental problems with the business, social media will make it worse,” Kerpen said, noting that negative reviews will just compound the issue.

How to use social media to grow your business:
1. Get started. Businesses need to take the time to set up an actual business page, and Kerpen suggested having an individual profile for Facebook as well, which can help users understand the platform better.
2. Personalize the page. Social networks are increasingly focusing on photos, which is where jewelers have an advantage. While there should be, of course, images of jewelry, there could also be pictures of welcoming employees and any nice shots of the storefront. “Authenticity, vulnerability, and transparency are huge benefits for small business,” he said.
3. Get current clients to “like” or follow the business on all chosen social media platforms. According to Kerpen, this is the most important aspect of using social media to build the business. “Word of mouth has to start with somebody, and the people it starts with are current clients,” he said. Everyone that comes into contact with the business is a potential “like” or follower.
4. Advertise to friends of current clients. Facebook’s paid advertising, in addition to featuring the business’s name and other information, also shows users which of their friends have “liked” a business, which means the “word of mouth recommendation is built into the ad.” Advertisers can also narrow down the reach by area, targeting the consumers most relevant to a business.
5. Use content to engage with clients. Retailers should be more concerned with updating regularly rather than spreading themselves too thin over too many social media platforms; jewelers shouldn’t take on more than they can handle well. Posts can provide value with education, teaching followers something they may not know about jewelry, or connect by entertaining with interactive posts like questions and fill-in-the-blank quizzes.
6. Create incentives. Kerpen suggested gifts with purchase for “liking” a page, sweepstakes and contests to get buzz around the social media networks.
7. Easily showcase a business on the page. “Why try to drive customers to your website when they’re already on Facebook?” Kerpen asked. Facebook pages for businesses now offer many of the same services as a web page, including maps, store locator, and looking up an item, among other features.
8. Acquire new clients. Though more posts should feature engaging or educating content, jewelers are still in business to sell, which means it’s OK to pitch products or make an offer every now and then, Kerpen said. For every nine educating, engaging, non-sales posts, it’s acceptable to share one promotional update.
9. Respond. Reviews should be addressed, even if they’re bad, at least once a week. A bad review isn’t necessarily detrimental to the business, unless no one responds and addresses the issue. Respond to direct questions any clients may have immediately as they come, however.

 

Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

The Latest

Jesse Cole Savannah Bananas
EditorsApr 25, 2024
5 Tips for Creating Fans from the Top (Savannah) Banana

Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.

John Mayer Audemars Piguet
WatchesApr 25, 2024
Audemars Piguet and John Mayer Partner on Limited Edition Watch

The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.

Stock image of rough diamonds mined by De Beers
SourcingApr 25, 2024
De Beers Lowers Production Guidance for 2024

The announcement came as the company reported a 23 percent drop in production in Q1.

1-(3.18).JPG
Brought to you by
The Blueprint for Success in Scalable, Personalized Jewelry Retail

With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.

Jared Goff Presents Jared Jewelers’ Donation to Give Merit
MajorsApr 25, 2024
Detroit Lions’ QB Jared Goff Keeps Going to Jared

The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.

Weekly QuizApr 26, 2024
This Week’s Quiz
Test your jewelry news knowledge by answering these seven questions.
Take the Quiz
Stock image of police crime scene tape
CrimeApr 24, 2024
Jewelry Crime Declines Significantly, But Dollar Losses Remain High

A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.

Kirsty Hume models Pippa Small Venus collection
CollectionsApr 24, 2024
Pippa Small Announces ‘Venus’ Collection

Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.

Jewelers of America Fly In Washington, D.C.
Brought to you by
How Jewelers of America Represents Your Business

For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.

Pomellato Pom Pom Dot necklaces
FinancialsApr 24, 2024
Kering’s Jewelry Brands a Bright Spot in Tough Q1

The luxury titan posted declining sales, weighed down by Gucci’s poor performance.

Aerial shot of the Diavik Diamond Mine in Canada’s Northwest Territories
SourcingApr 24, 2024
Rio Tinto’s Q1 Production Drops Amid Pause to Honor Lost Colleagues

The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.

Rolex Oyster Perpetual Deepsea in 18-karat yellow gold
WatchesApr 24, 2024
These Are Rolex’s New Watches for 2024

The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.

National Jeweler columnist Emmanuel Raheb
ColumnistsApr 23, 2024
The Smart Lab: Advanced Email Marketing Strategies for Mother’s Day

Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.

Hannoush Jewelers Queensbury NY location
IndependentsApr 23, 2024
Hannoush Jewelers Opens New Store in New York

Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.

203-carat, 116-carat, and 42-carat diamond
SourcingApr 23, 2024
Lucapa Sells 3 Diamonds for $10.5M in First Lulo Tender of 2024

A 203-carat diamond from the alluvial mine in Angola achieved the highest price.

William Ruser: The Jeweler Who Charmed Hollywood book cover
GradingApr 23, 2024
GIA Has a New Book About William Ruser

Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.

Adam Levine and Behati Prinsloo modeling Jacquie Aiche’s Rebel Heart collection
CollectionsApr 22, 2024
Jacquie Aiche’s New Campaign Stars Adam Levine, Behati Prinsloo

The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.

American Gem Society Conclave logo 2024
EditorsApr 22, 2024
The 22 Best Quotes from AGS Conclave 2024

Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.

Virtual Diamond Boutique
SourcingApr 22, 2024
Virtual Diamond Boutique Rebrands as ‘VDB’

The overhaul includes a new logo and enhanced digital marketplace.

Signet Jewelers employees and St. Jude Children’s Research Hospital
MajorsApr 22, 2024
Signet Raises Nearly $9M for St. Jude Children’s Research Hospital

The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.

Retrouvaí’s Treasure Necklace
CollectionsApr 19, 2024
Piece of the Week: Retrouvaí’s Treasure Necklace

A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.

Stock image crime handcuffs
CrimeApr 19, 2024
Grand Jury to Hear Case Against Jeweler Charged in Fatal Shove Following IJO Show

Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.

China Pearl collage
MajorsApr 19, 2024
Unique Designs Acquires China Pearl

The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.

Printed and digital AGS Ideal grading reports
GradingApr 19, 2024
AGS Ideal Report Now Available in Printed Form

From now through mid-May, GIA will be offering the reports at a 50 percent discount.

Stock image of a polished diamond in tweezers
SourcingApr 18, 2024
Diamond Trade Remains Cautious Amid Economic Uncertainty

De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.

LVAJWS24_carousel_images_1872x1052_1.jpg
Supplier BulletinApr 18, 2024
Discover History’s Hidden Gems at the Las Vegas Antique Jewelry & Watch Show

Sponsored by the Las Vegas Antique Jewelry & Watch Show

Kelly Yoch
WatchesApr 18, 2024
Watch E-tailer Collectability Hires Kelly Yoch

The Patek Philippe expert will serve as personal curator for the brand-focused company.

Interior of TAG Heuer Boutique on Carnival Cruise Ship
WatchesApr 18, 2024
TAG Heuer Opens Its Largest Standalone Boutique at Sea

The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy