Shoestring
Marketing Secrets
by © Cheryl Lawson
Marketing is like going on a trip.
To reach your goal or destination, you need to know where you are going
and how will get there. In other words, you need a plan. Before
you embark on any marketing effort, take the time to consider these questions:
Who will buy your product or service
Why do you need it
How will they hear about and buy this product
or service
Why should they buy it from you instead
of your competitors
How many customers can you reasonably expect
to serve
What are you trying to accomplish
What will it cost in time and money
What materials will you use in your marketing
efforts
The first place to start with your marketing
efforts are with friends and family. Get the word out that you are
in business. As long as the business provides a needed or desirable
product or service, most people will be happy to pass on suggestions they
can to help you get started.
Avoid marketing to the wrong prospects,
which is a common mistake start up businesses make. To avoid making
the wrong assumptions about the desirability of products or services, talk
to your potential customers before you start a business or introduce a
product.
Target businesses that can afford your
services. Focus on high- income professionals who have been in business
for a year or more. Emphasize your experience, professionalism and
ability to deliver quality products and services in a time efficient manner.
To close sales, remind top earners that based on their hourly billing rate,
it is cheaper to hire you than to do the work themselves.
Don't try to tackle a large diverse market
on a shoestring budget. To build sales and grow your business, you
have to get your name in front of prospects repeatedly. The way to
profit when there are many customers and many competitors is to break down
the big market into small, manageable segments. Concentrate your
marketing efforts on one or two of these segments.
Become an active member of Business Associations
and Civic Groups. Personal contact is the least expensive and most
reliable way of finding customers for your business. Ease your way
gently into these groups. IF you join an organization and seem over-bearing
or try too hard to impress members with your expertise, you may make more
enemies than business contact. Get listed in member directories,
which is included as part of your membership.
Cross-promote your business with others
in the same targeting market. You will gain valuable new business
by linking up with other non-competing businesses to cross-promote each
other's products and services. If you are a resume writer, for instance,
you might want to work out a deal with a print shop. Cross promotional
and cross-referral opportunities are all around if you look.
Turn your fax machine into a sales tool.
The text on most fax cover sheets take up only about half of the available
space on a page. You can get more mileage out of every fax transmission
you send by including promotional material on every cover sheet.
If you sell products, design your cover
sheet so you can include ads for products you want to feature. Your
ad will ride free every time you send an outgoing fax to your existing
customers, suppliers, or others with whom you do business.
Teach a class on a subject related to your
business. Teachers are expected to be experts so this is yet another way
to gain prestige in the eyes of your targeted customers. Depending
on where the class is held and who is sponsoring it, this can also be a
good way to sell products related to your subject matter.
Keep your name in front of customers and
prospects with a Newsletter or Ezine. Newsletters are one of the
most widely used and effective ways to communicate with your customers.
Include information in your newsletter that the recipients will want to
read. Present it in an appropriate format. Send it to a very
targeted mailing list and be sure to send out new issues on a regular basis
so your name is fresh in the customer's mind when they do need your services
or products.
Use every opportunity to distribute your
business card. Don't wait to meet contacts in person to give them your
business card. Drop your business card in letters to new contacts,
include one or two in presentation folders and attach them to brochures
or catalogs. It is not unusual for contacts to throw away the sales
literature, but save the business card for future reference. If you
sell consumer services, tack your business cards to bulletin boards at
beauty parlors, supermarkets, colleges, or other bulletin boards.
If your marketing funds are limited, don't
gamble them all on one big ad or one mass mailing. Most one-shot marketing
methods don't work.
Instead, use the low-cost and no-cost marketing
techniques discussed to gradually establish a client base and positive
cash flow. Wait to spend the big marketing bucks until you have the
business infrastructure in place, have tested yoru marketing ideas and
have a cushion of profits and satisfied customers on which you can rely
for steady profits.
Cheryline Lawson dedicates her life to
searching for ways to find legitimate home-based business opportunities
and home employment on and off the Internet. Use her powerful and
easy methods for success and learn why her practical tips and secrets are
helping others find real home-based opportunities. Read her exciting
and personal story and success info at http://internet-home-employment.net
and visit her new website at http://www.choice-jewelers.com
"Failure
is the opportunity to begin again more intelligently."
*Henry Ford
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