Prepare Yourself Properly Before Marketing

November 3, 2009

What does “marketing” really mean for a small business? For you, it might include events, public relations, trade shows or advertising. But for other small businesses, it might mean different things, like electronic newsletters, packaging, postcards—and even the hats, uniforms or nametags that employees wear.

In fact, think of marketing not as a single action but rather a combination of steps your business takes to identify, attract and retain profitable customers.  As such, marketing is of vital importance to your business, so you want to make sure and do it right.  And that means preparing yourself properly before you spend money on marketing.

If you play a sport, you know that preparation is vital for success. The same is true for marketing your business. You must be able to clearly identify what sets you apart from the competition. Without this knowledge, you can’t market yourself properly.

Verify the accuracy of marketing information before you proceed. To prepare yourself for marketing, create a detailed profile of your ideal prospect. As you create your marketing message, aim it at them and list the benefits they will receive. Be certain your marketing message highlights the special knowledge and expertise you offer.

Look for ways to make the buying process easier for your customers. What roadblocks can you remove? Simplify everything; eliminate potential interruptions in the sales process and make decision-making as painless as possible for your customers.

Put your marketing budget in proper perspective. You might, for example, think of marketing as your ace-in-the-hole rather than merely a “cost.” Try to set a budget and a pace that lets you market continuously. Customer memories are short, and they are bombarded with thousands of marketing messages and images daily. Your effort must be ongoing or people will quickly forget.

Match your marketing to your primary market. If it’s a local market, then that’s where your marketing focus should be. Broadly focused newspaper or radio advertising, for example, might be the wrong choice. Instead, consider marketing neighborhood-by-neighborhood.

A good place to find marketing help is www.MarketingPower.com, a free Web site produced by the American Marketing Association. The site offers authoritative information on all marketing topics from advertising, Internet marketing and research, to strategy, public relations and items specific to small business.

To learn more about marketing your small business, contact SCORE by clicking the link on the right to the office nearest you or click here to request free face to face counseling and/or mentoring.

Share on TwitterSubmit to StumbleUponSave on Delicious

Ross Dahlin, St. Paul SCORE
View more posts by

Filed under: Marketing

Tags: , , , , , , , , , ,

1 Comment Leave a Comment

  • 1. Don Creighton  |  November 6, 2009 at 11:24 am

    Ross,
    To me the most important paragraph in your article is the one
    “Match your marketing to your primary market.” Knowing your customer is necessary in doing effective marketing. It is less about having an adequate budget and more in marketing where the customers are.

Leave a Comment

(required)

(required), (Hidden)

 

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

TrackBack URL  |  RSS feed for comments on this post.


Small Business Tax Help

New 2011 Income Tax Webinar

SCORE Minneapolis has just released the 2011 version of “Income Taxes for Small Businesses”.   For new entrepreneurs it will help take the mystery out of taxes!  The webinar covers two broad topics:

First, the Form 1040, Schedule C Profit and Loss for a Business.  It discusses all of the unusual items an entrepreneur may encounter as they prepare for their April 15 tax filing date, including use of personal cars and home office expenses,  expensing capital equipment cost versus depreciation, independent contractors, etc.

Second, it covers the business owner’s personal Form 1040 by integrating the Schedule C.  The business is made aware of their options for Self-Employed Retirement Plans and Health Insurance coverage, plus Self-Employed taxes for Social Security and Medicare.

This sixty-six minute discussion will not make you a tax expert, but will let you approach taxes with a level of knowledge needed to take advantage of deductions available to you.  It also points out areas where your accountant can be of help.

Click Here to view the registration information.

 

Categories

Workshops & Seminars

SCORE Websites

Join Our Group

Small Business Resources

Disclaimer

The views posted on this blog are those of our independent volunteer SCORE counselors and may not necessarily reflect the views of the SCORE Association.

Archives