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Marketing Basics for the Small Business
Post 1 of 11
SS INTERNATIONAL
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Overall Ranking MVP:8,088 Rank:105
The essence of marketing is to understand your customers' needs and develop a plan that surrounds those needs. Let's face it anyone that has a business has a desire to grow their business. The most effective way to grow and expand your business is by focusing on organic growth.

You can increase organic growth in four different ways. They include:

  • Acquiring more customers
  • Persuading each customer to buy more products
  • Persuading each customer to buy more expensive products or up selling each customer
  • Persuading each customer to buy more profitable products

All four of these increase your revenue and profit. Let me encourage you to focus on the first which is to acquire more customers. Why? Because by acquiring more customers you increase your customer base and your revenues then come from a larger base.

How can you use marketing to acquire more customers?

  • Spend time researching and create a strategic marketing plan.
  • Guide your product development to reach out to customers you aren't currently attracting.
  • Price your products and services competitively.
  • Develop your message and materials based on solution marketing.

The Importance of a Target Market in Small Business

When it comes to your customers keep in mind the importance of target marketing. The reason this is important is that only a proportion of the population is likely to purchase any products or service. By taking time pitch your sales and marketing efforts to the correct niche market you will be more productive and not waste your efforts or time.

It's important to consider your virtual segmentation by selecting particular verticals to present your offerings to. Those verticals will have the particular likelihood of purchasing your products and services. Again, this saves you from wasting valuable time and money.

Small Business Marketing and Large Business Marketing are Different

If you are like the majority of small business owners your marketing budget is limited. The most effective way to market a small business is to create a well rounded program that combines sales activities with your marketing tactics. Your sales activities will not only decrease your out-of-pocket marketing expense but it also adds the value of interacting with your prospective customers and clients. This interaction will provide you with research that is priceless.

Small businesses typically have a limited marketing budget if any at all. Does that mean you can't run with the big dogs? Absolutely not. It just means you have to think a little more creatively. How about launching your marketing campaign by doing one of the following:

  • Call your vendors or associates and ask them to participate with you in co-op advertising.
  • Take some time to send your existing customers' referrals and buying incentives.
  • Have you thought about introducing yourself to the media? Free publicity has the potential to boost your business. By doing this you position yourself as an expert in your field.
  • Invite people into your place of business by piggybacking onto an event. Is there a concert coming to town, are you willing to sell those tickets? It could mean free radio publicity. If that is not your cup of tea, how about a walkathon that is taking place in your area, why not be a public outreach and distribute their material?

When you do spend money on marketing, do not forget to create a way to track those marketing efforts. You can do this by coding your ads, using multiple toll-free telephone numbers, and asking prospects where they heard about you. This enables you to notice when a marketing tactic stops working. You can then quickly replace it with a better choice or method.

Getting Started with Small Business Marketing


By being diligent in your marketing and creating an easy strategy such as holding yourself accountable to contact ten customers or potential customers daily five days a week you will see your business grow at an exceptional rate. The great thing is it will not take a large marketing budget to make it happen.
14 Jan 2009 16:24
Post 2 of 11
aq_world
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Overall Ranking MVP:86 Rank:57,250
[em19]
29 Mar 2009 10:57
Post 3 of 11
[em16][em19][em21]
11 Apr 2009 01:25
Post 4 of 11
Somehow I found your posts are brilliant.Thanks SS INTERNATIONAL
13 Apr 2009 21:59
Post 5 of 11
i think we should persist on doing the repeated job!
20 Apr 2009 01:20
Post 6 of 11

[em2]

Thanks for sharing!  Reply is also markrting.

Zhejiang Yufeng Building Material Co.,Ltd

www.yufengbuilding.cn

E-Mail:gyyhot@yahoo.com.cn

MSN:hiwellkevin@hotmail.com

Skype:hiwellkevin

Tel/Fax:86-571-64679662

20 Apr 2009 19:59
Post 7 of 11
Lindy

-----------------------------------------------------------------
Topwell Industrial & Trading Co.,Ltd
Direct line: 0086-662-6286 801
Tel: 0086-662-6283 222 Ext.31
Fax: 0086-662-6283 283
M.B.: 0086-13025647171
Email:lindy@topwelltools.com
Msn:topwell002@msn.cn
Skype:lindy2995911
Trademanager:cn200059351
Web: Http://topwelltools.cn
Add.: Tangwei Industrial District, Yangjiang, Guangdong, China P.R.
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03 Jun 2009 02:26
Post 8 of 11

hello Atiq, yours is great. and i am learning.

but could you pls guide me how to persuade you to buy our products. thank you very much. not more, not more expensive, i think we will give you our best transfer heat stikcer at the best price to add value on your sportwear and any of your ohter procucts. interested in our stickers. pls let me know. thanks. ryan hstransfer@gmail.com

05 Jun 2009 19:43
Post 9 of 11
lillianchang87
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Perfect.
If possible,we would like to chat with more friends.
Email:lillianchang@xcreative.cn
MSN:zhangyanmety@hotmail.com
SKYPE:lillianchang0709

Looking forward to seeing you in other place.
11 Jun 2009 17:33
Post 10 of 11
Some good ideas here, some I can actually use.


Some ideas that are nearly impossible for a small business... co-op advertising...yes if you are in the top 1% customers for that vendor...if not, then good luck getting them to work with you.


Emails and customer referrals and buying incentive programs are a great way to keep your customers coming back and introduce you to new potential customers.


I wish I had the time to do community outreach, sponsorships and such. 12 hour days leave for little else when running a business. I wish I had the resources to hire someone to track my advertising or could afford multiple toll-free telephone numbers.


The best advise was the going out and meeting 10 customers or potential customers 5 days a week. Surprising what face-to-face meetings can accomplish.


Well said!
10 Jul 2009 08:21
Post 11 of 11

wow ![em1]There are so many uesful knowleges ,thanks very much .

My skype is huanghaiyan929

Nice to make new friens!

We sell adapters for charge or for led light and the foutain,and so on.

 

03 Aug 2009 18:55
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