Portals and directories - vital online marketing tools for your business
Now more than ever, businesses need to make the most out of all possible marketing channels. I was always taught to have a good spread of marketing and PR activity. These days, this includes the increasing number of online business directories and supplier portals that are available on the Internet.
A lot of these services are either free or have an entry-level option that is free, so it makes no sense in these cases not to have your details registered.
Some of the directories, such as hotfrog.co.uk, include your details automatically as a way of attracting you to use their site. Only simple contact details need to be entered, such as your company name, address, telephone number and website, and it takes little time to set up your entry.
The benefit is that they often feature highly in the search engine rankings, so it’s worth having your details registered under search terms relevant to you or your competitors might be getting the work instead of you. Equally, you could be missing out on an opportunity to drive useful traffic to your own website.
Portals are different. You don’t usually get on there by accident and a lot of time and effort is needed to get your profile right. Sites like supply2.gov.uk and competefor.com are a way for the public sector to publish contract opportunities for potential suppliers to view and register their interest. Opportunities are matched by the system to your own products or services, based on a coded list that you have to provide, and a daily alert list of matching opportunities can be sent out automatically by email, if required. Some portals are completely free while others have a free service, e.g. contracts in your area only, but there is an upgrade path to access more opportunities for a fee. A number of detailed questions about your business are asked by these sites as part of your profile setup, and the answers need to be carefully considered, as they are scrutinised by the buyers that use the system, to determine whether you would be a suitable supplier. This setup takes time and effort to do, and some of the questions are not straight-forward. However, these portals all ask similar questions so each one is slightly easier to do than the last, as you begin to have a standard set of answers to the most common questions.
Some of the sites, like supply2.gov.uk, have a further option to provide a profile that gets put directly in front of buyers when they are searching for potential suppliers, before opportunities have even been published, so it is worth completing this area of these sites, as it increases your exposure even more.
A key area is deciding how to map your products or services into the standard list that each site has. Also, some have a restriction on the total number of products/services you can be registered for, which complicates things further. If your offering is fairly simple, e.g. you manufacture bolts, then life is made slightly easier. However if your product or service is complex or varied, then you will have a hard time choosing the relevant areas. It is worth getting this right, however, as it will get the right opportunities in front of you and reduce the number of irrelevant hits you have to ignore.
When registering your interest in an opportunity on these sites, it is possible for the buyers to ask further questions they feel are relevant to the contract. This takes the form of a Pre-Qualification Questionnaire. Some of the questions are merely repeats of questions you should have already answered in your profile. However, the buyer can ask anything, so be prepared to answer some qualifying questions that can be tricky. Once again though, the more of these you do the easier it becomes, as the same questions come up time and again. Also, it’s worth keeping a note of questions asked and what answers you gave to save re-inventing the wheel next time.
Other portals such as supplierbrokerage.co.uk and suppliermatching.co.uk are a way of connecting your business with potential customers belonging to a third-party. In these 2 cases, the third-party is Business Link. Having provided advice to a customer about strategic business direction, Business Link often need to select potential suppliers to help their customer implement the actions discussed. At this point, they use these 2 portals to search for suppliers that offer the relevant product or service, and have appropriate experience.
In addition, some sites have extra questions designed to help the third-party decide what other areas you could help them with. For example, supplierbrokerage.co.uk has a section to express interest in speaking at Business Link events, and a section to indicate a willingness to provide services under the e-voucher scheme set up to provide funding to start-ups. If you aren’t registered then you could be missing out on these other opportunities.
Not all sites will benefit every business. But, it is well worth exploring what is available and relevant to what you do. Whether you decide to spend any of your hard earned marketing budget is totally up to you, but it’s certainly worth at least registering your details on the free sites, and on the paying sites but at the free level, to gauge what sort of opportunities come your way. You can always upgrade later, once you can see the value in it.
If you take no action, you could be missing out on a vital way to bring your business to the attention of potential customers, using the power of the Internet.