Profit Zing » brand

Basic Small Business Marketing Principles

admin — Tue, 13 Oct 2009 07:58:09 +0000

Nate Stockard asked:

What is marketing?

Marketing is defined in many different ways according to who you ask, but all responses usually are part of the same answer: marketing is a combination of all of the activities you implement or participate in which help promote, brand, and sell you product, service, or business.

Why is marketing important?

Many small business owners feel sales is the most vital part of their business. Sales are very important, but your brand, image, and, ultimately, marketing determines your customer loyalty and growth of your business. Marketing establishes the basis for your sales strategy and how you will close sales.

What does marketing cost?

Small business owners are confronted ever day with sales pitches for various costly marketing activities. Most small business owners see marketing as an expensive business component they just can’t afford. This is not true. In fact, small businesses can’t afford to overlook marketing, and it doesn’t have to drain the bank account either. One of the best forms of marketing that is very affordable is a consistent and professional image. Elegant business cards, matching letterhead, and an informative and effective website are just a few pieces of a small business’ tool box that can do much more than a high-dollar advertising campaign.

How do small business owners create a consistent and professional image?

The first thing a company will create is a name. There are many steps before this point, but this is the first product. Next, comes a unique logo that conveys the right image. Once the marketing package has these two pieces, consistency becomes the primary focus. Small business owners usually put off the rest of the basic building blocks until they can put it off no more. At that point, professionalism and consistency goes out the window in favor of a quick answer.

The right way to approach this issue is to prepare on the front end. Following the name and logo stage, the small business owner must push on. Create the right business card, elegant letterhead, useful brochure, and quality website. By creating all of these things at the point in the start-up process, all of the basic components of your marketing become consistent, professional, and effective from the start.

Would You Use Meat Loaf in Your Targeted Small Business Marketing

admin — Thu, 03 Sep 2009 00:00:15 +0000

Paul Flood asked:

Entrepreneurs know the importance of a targeted small business marketing strategy. Many make the mistake of doing what big advertisers do. Rock icon Meat Loaf is in a great commercial but the product and company selling it are easily forgotten. Learn a lesson on how not to advertise

Remember Meat Loaf (born Michael Lee Aday)? His album Bat Out of Hell, released in 1977, has sold nearly 40,000,000 copies and was on the charts for over 9 years. He is also featured in a new commercial that is running pretty frequently on TV.

The ad features Meat Loaf as a dad whose son is begging him to get him a cell phone. He’s singing about how he won’t run up the minutes. Personally, I am a fan of Meat Loaf and I like the commercial. He includes some lyrics and riffs from Paradise by the Dashboard Light, which I’ve always thought was a cool tune.

The other afternoon, I heard the commercial and started singing the tune in my head and realized I had seen the commercial several times and could not think of the company or brand of the phone! Now, I’m thinking this was a fairly expensive production because in addition to Meat Loaf, Tiffany is in the commercial and they are probably fairly expensive talent to hire.

After all of this expense, I couldn’t relate a brand or a product to the commercial! I kept an eye out for the next airing and saw it was for the AT&T GoPhone. Think of all the money spent on the ad. They did a lot of things right like using celebrity endorsements, a good tune and an entertaining spot. But it really made me wonder, why couldn’t I think of the company or the product?

What could you do differently if were considering a similar TV ad as one of your primary small business marketing tools ? For one thing, a bit more focus on the product instead of the production. You could easily think of special offers that would give prospects a reason to buy soon. I’ll bet a contest to have dinner with Meat Loaf or win a free “Bat Out of Hell” concert DVD would attract buyers. You would have a tracking mechanism to see how many inquiries and sales were generated. What if they had a toll free number, 1-800-MeatLoaf, to call and get a special offer and find out how to download the song to iTunes or even a ring-tone? The marketing folks could track response and the ROI on the ad. What if there were a contest to be in a commercial with Meat Loaf?

But instead, the focus was all on creativity and entertainment. I’ll bet the ad will even win an award but I still think ads should be written to sell the product now, not build a brand or win awards. My guess is that you can’t afford Meat Loaf in your ads but remember, when you do advertise, it’s about making money, not building your brand. Brands don’t put food on the table, sales do. When you spend money on marketing, either do it yourself of find a professional whose goal is to increase your profits and is willing to guarantee results, not just earn a commission.

The commercial may not be on TV too long but you can catch it on www.youtube.com. Search for Meat Loaf AT&T. This version is a 90 second commercial that does a better job of naming the product than the spot on TV but it still could have soooo much more potential as a source of REVENUE instead of a brand. When you think about branding as a strategy, ask yourself if you want to get your name out there or sell as much of you product or service as possible and build a strong and loyal customer list as quickly as possible.

For the small business marketing tools to add to your toolbox, go ahead and think about branding. However, your brand needs to be strong and you should strengthen it with incredible products and service or with your Unique Selling Proposition. Build your brand using marketing that creates prospects and leads. It is just as expensive to get your name out there with a compelling offer and reason for a client to buy from you now as it is to just get your name out there. The difference is the ROI. The Meat Loaf commercial offers no way to measure the ROI and small businesses can’t afford to throw scarce marketing dollars up against the wall and guess at the ROI.

Here is a powerful small business marketing tip when it comes to a brand-building strategy: If your financial planner came to you with an idea to spend $10,000 on marketing as an investment, you’d think, “What will my return be?because she is a trusted advisor. Use the same standards with your marketing, advertising and media reps. Ask the question: “What is my projected return and how does it compare to other marketing investments?When the rep tells you the value of impressions, ask for some statistics from other advertisers regarding the ROI of the ads and spots they are running?

After you watch the YouTube video, see if you can help me out. Why is Tiffany holding a leg of lamb when she enters the commercial set? Maybe there is some reference I don’t remember from Meat Loaf’s earlier days. He was quite a theatrical talent!

Business Marketing – Essential for Survival

admin — Fri, 31 Jul 2009 18:19:24 +0000

Sunil Punjabi asked:

If you are considering an online business or implementing an online side to your business you will need to ensure you have a fully comprehensive online marketing campaign and that it is carried out professionally, efficiently and effectively by quality professional services.

Business Marketing online can create online traffic, customer sales, customer retention, and instil your brand identity into potential customers so you can ensure business longevity. Marketing requires commitment and focus for your business plan and the way in which your business evolves will depend on the effectiveness of your marketing campaign. Business Marketing is not only for brand recognition, it is also required to maintain customer sales, bring in new customers, introduce potential customers to your products or services and create long term customer relations through techniques such as a high quality email marketing campaign.

Business Marketing includes a large variety of techniques, email marketing, SEO content creation, back links, discount vouchers, directory submissions, adverts, banners and leaflets are all part of a comprehensive marketing campaign. Marketing needs to include diversity and long term commitment. If you stop and start your Business Marketing and are not consistent with your marketing developments you will not have an effective marketing campaign and the results will not reach their potential. Many businesses make the mistake of only advertising certain special events or promotions when their business is low, this fails to create a full business presence either offline or online and will not produce the overall business growth the company needs. It is not enough just to create a full marketing campaign, it also needs to be implemented on a regular basis and managed effectively to build online presence and customer relations.

Some key Business Marketing practices you should be using include email marketing and SEO services. Email marketing is only effective when it is a high quality marketing campaign. A poor quality email will produce a negative effect on your business as customers will take a negative view on your marketing and thus the products and services you provide. A good Business Marketing email campaign will include a high quality design, a balanced feature of imagery and textual information and will contain promotional material that relates specifically to the customer as an individual. SEO services will involve not only SEO content creation but also relevant and profitable keyword identification, article submission, a regular and consistent back linking program, website building, advertising and a regular link building strategy in general.

These are just some of the key areas your Business Marketing plan should encompass. Marketing needs to be consistent and regular so the chances are you will not be able to complete thus task on your own. Many companies have enough to deal with as it is with all their time being consumed by meetings, development projects, sales, invoicing, taxes, finances and much, much more. This is why you should consider hiring a Business Marketing professional to manage and direct your marketing plan leaving you free to concentrate on the important day-to-day activities of your job. It can be difficult finding the right professional for you whatever your marketing needs are and again it is time consuming to complete the research to find a company, obtain a quote, investigate their services and the quality of their work as well as find one that is situated in your area.

The easier way to obtain a high-level quality Business Marketing company is to utilise a Business Services finder. All you have to do is submit the project details into one form online and your project will be sent to all marketing professionals in your area. You can then choose the service you prefer and give them a call. This will ensure all your marketing needs are taken care of with none of the hassle.