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Does Small Business Marketing Need Much Planning?

admin — Tue, 24 Nov 2009 11:48:32 +0000

Nate Stockard asked:

Small business marketing is small, as noted by the name, but too many times business owners think that small business marketing is too small for planning, budgets, or strategies. Since small businesses usually have little or no marketing budget and are concentrating on just keeping the doors open, owners, more times than not, neglect their marketing planning. No business should exist without marketing planning and strategies!

Actually, small business marketing requires planning and strategy more than major companies.

When the marketing manager of a large corporation has a $20 million marketing budget just for print ads, they have room to make mistakes, produce the wrong ads, and even scrap the marketing plan half-way through completion. Small businesses don’t have such freedom and liberty. Small business marketing should contain a plan before anything else happens in the company in the area of sales and marketing. There should be budgets and strategies created as early as possible and reviewed as often as possible.

Create a marketing plan as soon as you decide to start a business.

My company specializes in helping small businesses with marketing and design, and we encounter many of the same problems, and they all stem from lack of early planning. Once you decide to start a business, start creating a marketing plan.

Who are your customers?

What are their needs and wants?

How will you acquire new customers?

What kind of customer relationship management systems will you use?

What do your customers expect from you?

What are your products’ benefits?

What are your strengths?

What are your weaknesses?

How will you advertise?

How much will you budget for marketing?

This list is actually very small when it comes to creating a marketing plan, but you must answer all of these questions and more. Small business marketing must be precise, have a defined strategy, and contain at least a rough budget. Figure out who your customer is, how you will reach them, and why they will buy from you. Starting with these three areas will give you a plethora of other questions to answer in figuring out the maze of small business marketing.

Get the Most of Your Internet Marketing by Creating Your Own Business Marketing Blog

admin — Sun, 22 Nov 2009 19:52:09 +0000

Tammi Metzler asked:

If you haven’t been hiding under a rock for the last few years, you’ve probably heard people talking about blogging for both business and pleasure. But you may have no idea what blogging is or how to get started. Well, I’m here to tell you.

Keeping a business marketing blog can do wonders for your business, both by driving traffic to your web site and by establishing you as an expert in your field.

I’m getting ahead of myself, so let’s start at the beginning. What is a blog, you ask? According to Wikipedia.com:

A blog (an abridgment of the term web log) is a website, usually maintained by an individual, with regular entries of commentary, descriptions of events, or other material such as graphics or video. Entries are commonly displayed in reverse chronological order. “Blog” can also be used as a verb, meaning to maintain or add content to a blog.

What does this mean for you, the small business owner? Blogging isn’t typically a method to get clients now; it’s more of a branding practice to get your name out there. Search engines love blogs because of the fresh content. With that being the case, a blog can bring new visitors to your site, and your regularly updated blog content can keep interested visitors coming back to your site to check out what’s new. Eventually, those interested prospects will start to see you as an expert, and the next time they need what you’re selling, they’ll remember you.

The hardest part is coming up with fresh content for your blog. You can’t write a blog post once every two months and expect to have any favorable results. There’s nothing worse than a silent blog, so if you think you lack the time to maintain one, you’re better off exploring other options, whether that be looking into other internet marketing methods or hiring a copywriter to take care of the dirty work of actual getting your thoughts down into writing (yes, we do exist, and we can transform your knowledge and experience into interesting content that will attract the attention of your potential customers). If you can commit just a few hours a week to posting at least two blogs (or if you’re ready to hire a copywriter to take on this task for you), read on for more information about this increasingly popular marketing method.

Quite frankly, a small time commitment each week leads to the possibility of greater exposure for your business. Which means more interested customers are stumbling onto your web site, which means a higher chance of sales. It’s really very simple!

But maybe you’re not a writer, so it’s not that simple after all. If you find yourself staring at a blank page when it’s time to write your posts, take a moment to think about the questions your customers regularly ask you. For instance, let’s say you’re a financial consultant and people constantly ask you the easiest way to create a budget so they can pay their bills and still have fun money left over. Jot down the top ten tips that you would give your customers and describe each one in detail in its own blog posts. Just like that, you’ve got your first ten blog posts. If you post twice per week, you’re covered for five weeks!

Don’t let that stop your creative wheels from turning, though, because those five weeks will be gone before you know it. Keep looking for new ideas, and be sure to write them down as they come to you. You don’t want to be stuck scrambling for new material on a moment’s notice – you can bet your creative muse will be on vacation just when you need it the most!

I know what you’re thinking…”Sounds interesting, but how much is this gonna cost me?” Nothing more than your time, my friend. You can set up a new blog in mere moments with no out-of-pocket expense. Check out www.blogger.com or www.wordpress.com for a few free blog options. Yep, that’s right – FREE. Doesn’t get much better than that.

Or maybe you’re concerned about the technological aspect. Have no fear; you don’t have to know HTML code (or even know what that is) to create your own blog. The programs mentioned above do all the behind-the-scenes work for you, so all you have to do is start typing. What are you waiting for?

The next time you find yourself with the desire (or the need) to grow your business, consider the increasingly popular world of blogging to get your name in front of potential clients.

Happy blogging!

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.

Home Based Business Marketing – 4 Easy Steps To Building A Mailing List

admin — Mon, 07 Sep 2009 22:31:40 +0000

David Ogden asked:

In your home based business marketing efforts, one of the most valuable pieces of real estate an Internet marketer can own is a mailing list. Whether you have your own products, or not, you can still build a mailing list fairly easily on the Internet today. Here are four easy steps to building a mailing list that anyone can do with a little bit of effort.

1. Use your own autoresponder to store names and email addresses. Your autoresponder should also be used to send follow up messages to the people who are subscribed to it.

The autoresponder is the key to developing a mailing list into a valuable piece of real estate. How you use your autoresponder will be of the utmost importance to the future success of your home based business marketing efforts.

2. Develop a pre-sell page with an opt-in form on it. Many affiliate marketers fall into the trap of sending their traffic directly to their affiliate sales page. Even people who are marketing their own products online make the same mistake.

You are much better to use a pre-sell page where you warm your prospect up. You can even put an opt-in form on your pre-sell page and ask your visitors to fill out their name and email address before you send them on to your sales page.

This is a good way to build your list while warming your prospects up at the same time. The key is to make this pre sell page as targeted as possible without causing your website visitor to lose interest and leave before they fill out your opt in form.

3. Your sales page is where you sell your products or affiliate products. This is where your prospects will be sent after they go to your presale page. If you’re utilizing your opt in form correctly then once they fill the form out you will redirect them to the sales page where they now have a chance to purchase a product from you.

Obviously your home based business marketing goal is to sell products to make money on the Internet. You do this on your sales page, but if your visitor chooses not to make a purchase on the first visit, you still have their name and email address that you can follow up with your autoresponder.

Since many people take several exposures to a product before they make a purchase this gives you an excellent chance to still make a sale in the future if they don’t buy from your sales page right away.

4. Market your pre sell page like crazy all over the internet. You need to learn how to promote your pre sell page to get traffic to it. The only way the previous three steps will work is if you are getting visitors to this page.

These are four home based business marketing tips you can use today to start building your own list. If you’re serious about making money in your business, then list building needs to be on the top of your daily priority list… every day.

What you Need to Know About … Small Business Marketing on Line

admin — Mon, 07 Sep 2009 11:12:42 +0000

Dawn Abraham asked:

I’m going to share with you a few important tips to Small Business Marketing on line and making it a success. You have your business idea and you have a business plan, now you want to know the best way to marketing an on line.

If you follow these beginning tools, you will have built a foundation in which you can triple the income you are now making. If you’re in the category of zero income then these tools can start producing income for you soon after you implement them.

Build a list of targeted prospects

You want to start to build a list of targeted people that are interested in your business. All you need is their e-mail address and first name. Growing this list is priceless. Once you have this list you have gathered interested people who have an attraction in your online business.

Here are a few ways to gain this information.

1.Offer a free newsletter

2.Offer a survey that takes their name and e-mail address

3.An opt-in box when they arrive on your site that gives them access to something free if they register their e-mail.

Small Business Marketing on Line … with a Newsletter

Offering a newsletter can be a wonderful way to gather prospects and keep in touch with them on a regular basis. People may go to your web site once like it, not have time to really go through it and have the best of intentions to return and they most likely forget.

With a monthly or weekly newsletter you can remind your visitors of your web site along with letting them know what is new this month. If you have a new product to launch you can include links back to your web site where your products are.

My recommendation is to offer something of value in each newsletter so people will open it and share it with their friends as well. This will also help you to build confidence with your new prospects. They will see what you have to offer by giving them a sample every month or week of your knowledge and information about your topic of expertise.

Make sure your newsletter is offered on your homepage as well as your secondary pages. Give away a free e-book if they sign up. It will pay off in the end to have a large targeted list of customers that you continue to market to on a regular basis.

Small Business Marketing on Line… The Survey Says…

They are many types of surveys that you can generate that will help you gather significant information about your prospects, this way you know what they like and what their needs are. Questions your survey can ask; what is your biggest problem? What would you like more of? What would you like less of? Gather as much information as you can so you know what to market and how. This way you know what to deliver because they told you what they need.

This is a valuable tool that you will want to put to use. It takes all the guess work out of what your prospects want to see from you.

Small Business Marketing on line … with Free Take-A ways

Offering something of value for free to collect a targeted prospects e-mail will be one of the best things you ever did. If you give away some wonderful information you put together in a e-book and include it as a down load when they sign up for your newsletter, you have only taken the time to write the e-book after that your work is done and you have gathered many valuable contacts you may not have had otherwise.

If E-books aren’t your thing then give away a free MP3. You can have an informational MP3 that may offer tips ideas or teach something along the lines of the theme of your web site.

If you offer a service you can give a free day or an extra day or so for signing up for your newsletter. You can offer a 20% discount for signing up. This way you get a new client and their e-mail address.

For more information on small business marketing sign up for my FREE newsletter! I give free tips and information like these that you will love! ?

What we think about expands

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!