You’ve decided its time to step bravely into the world of marketing your business. You don’t have the budget some of those big guys do so you can’t get the professional firms to do all the work. How do I know where to go? Who is my target? What works? How do I minimalize risk?
Strap yourself in for a wild ride. The short answer is you’ll learn as you go. That’s not going to help you in the short term so here are some answers and some tried and true ideas to get you started.
How do I know where to go? Well, you want to get the best value for your dollar. That means not only do you want to spend less money but you want to be sure that you’re getting what you thought, you have a contact person who is willing and ready to work with you, that will share their experiences with you and invest themself in your success. You look for someone that has a good Better Business Bureau rating or someone that you’ve been referred to by friends, family or colleagues. Also, joining a local chamber of commerce can be a great resource for business contacts, customers and networking! There is usually a fee associated but the benefits of a well run chamber make it a good value.
Who is my target? That could take some time to discover. It comes with the short answer of you’ll learn as you progress. Many smaller businesses cater to a specific demographic because its obvious and easy. There are fingers that reach further than the obvious. I watched a reality show about a hair salon that caters to New Jerseys middle class, nice normal Jersey girls…but one of the employees thought it would be a fantastic idea to bring in a less middle of the clientele by doing a Glam Make up Class. It introduced a whole new group of young, hip club kids to the salon. Those kids also have moms, aunts, sisters, etc. Its always a good idea to venture into new territy to increase business!
What works may change with the target audience, the economy and the product. Teach a class like the salon. It helps consumers feel confident in your skills. It makes you an expert. People will have questions and KNOW they can turn to you for answers. Becoming an expert can also be blogging or contributing to the local newspaper. Just remember you must have effective skills and outstanding customer service to be the expert; a willingness to follow through once the questions (and business start rolling in). If you have the budget you can place an ad in the local paper or on a local station. You will reach a very broad audience. You can track who’s seen the ad by including a special coupon code and asking customers where they heard about you to gauge the success/value of your ad. Remember the key to an effective campaign is impressions. Most customers won’t even recognize your name until they’ve seen it at least 17 times. Promotional products are effective at increasing the impressions to a broad range of consumers, often times for just pennies on the dollar! Contacting a company like EBSpromo.com and let them know what you need or ask if they can help you find something to match your goals, budget and style!
How do I minimalize risk? Well at least understanding that risk can’t be eliminated is a good start. Make a plan. Research your questions, study your market, whether you are a local business or working with a much larger area. Focus on your service levels. Today, so many businesses have shut their doors that consumers are scrambling to find new salons, auto repair shops and accountants. Though the market is thinner, you still need to stand out among the competition. Handing out promotional products will help get them in the door but your level of commitment to their satisfaction will keep them coming back for years. Track your marketing plan. Assess what works and what doesn’t. Because a tool in your arsenal doesn’t work immediately do not discount it all together. All industries have ebb and flow. There will always be slow times and busy times so don’t give up because things seem to have dropped below usual. Track and adjust accordingly. The more complete your tracking records the better your ability to adapt to the flow of the market!
Finally and it bears repeating…customer service should always be your key marketing tool. Always assume people you meet in the grocery store, library or DMV could be customers. Have business cards with you at all times and always be a representative of your business.
Now, make that marketing plan for 2011. Join the Chamber of Commerce for the New Year. Contact that promotional products company and find cost effective advertising specialties that will get your name noticed. Track your promotions and constantly hone customer service skills and you’ll be looking at a prosperous New Year!