Thursday, December 9, 2010

Usage of mass media for small business marketing strategy

From this source, you can find about how mass media will be effective for your small business marketing strategy. It helps to establish your business as well as brand name in all parts of the world with less cost when compared to other types of advertising methods. Internet plays an important role for effective marketing that will reach to many people in just a couple of days.Many small business marketing Companies use these techniques.

1) Online advertisements:

Advertisements should be in such a way that it should make people to react immediately. You should add Logo/ picture in the advertisements so that it attracts people. Try to market your business through popular websites where large number of people visit by placing attractive banner ads.

2) Magazines:

Magazines are another type popular method to target regional level or national level audiences. You need to find out which magazines are bought by more number of people and try to keep your advertisements posted there. This will help to target people that you are looking for your business.

3) Television and radio:

People are crazy about television programs as well as radio programs. Advertisements along with celebrities never fail and it reaches people very quickly.

In short, plan your small business market strategy keeping in mind the above ways.

Sunday, September 12, 2010

Back to the Basics: A Small Business Marketing Strategy

A small business marketing strategy should always start small. Many ventures seem to fall prey to this as they try to follow the steps of big businesses. It is a major mistake that can be both costly and highly ineffective. For one, big businesses advertise like such since their objective is to create name recognition for future sales. Small businesses on the other hand advertise primarily for initial publicity, expanding the business, and sales growth. Most of the time, the latter’s resources are limited which make it hard to keep up with the former’s tactics. It doesn’t mean that the business is less successful that way; it’s just that each has different goals and objectives. Don’t take it as a disadvantage. Accept it as a chance to be more creative about your campaign.


Many suggest that a good small business marketing strategy is to combine sales activities with marketing tactics. As you interact with potential clients and customers, you learn more about their preferences, buying habits, and overall needs. This interaction not only boosts the image of your business but provides you with priceless research at virtually no cost too. Such a strategy allows you to get to the bottom of your customer’s needs and arrange your objectives around that. It’s a cost-efficient manner of realizing marketable possibilities and matching that with your products and services.


To split up advertising costs, you could team up with your vendors, suppliers, or associates to participate in co-op advertising. It’ll strengthen your professional relationship with them and gain good publicity for all parties. A helpful small business marketing strategy is the use of association. Having partnerships with other established or existing industries can boost your reputation. Moreover, allow your best and most powerful business associates and media contacts to introduce you to people who may effectively expand your trading. Building networks and relationships is a non-costly and lasting way to ensure that you’ll be staying in the game for good.


Hit two birds with one stone by taking part in community events. Some advertising experts call this the “piggyback” method, where you ride along with these events. Join public outreach programs, volunteer during a broadcasting corporation’s pledge period, or become an official ticket seller for town concerts; you’ll be able to bring in free publicity just by doing these activities. It means airtime for your commerce – get announced and be mentioned! A small business marketing strategy doesn’t have to be grand; start simple and make your way to the top from there.

Target Your Market

A highly effective small business marketing strategy that is often neglected is the importance of focusing on a target market. Truth be told, only a proportion of the total population will be seeking your products or services. Instead of trying to reach out to each and everyone to no avail, focus on a limited group. This is why it’s advisable to determine who your customers and clients are so that you can concentrate your marketing efforts on them and on their circle only. Doing so allows you to save time, energy, and money. Pitching your sales to the correct niche will prove to be truly productive and will be more efficient.


Discover your audience by doing a bit of research. Clarify what kind of industry your little venture is categorized under then take note of what kind of people you’ll be going after. What demographic category uses your products and services the most? Is there a specific age group or gender that you’re after? Being able to settle this allows you to determine the best small business marketing strategy that will suit your needs. Be direct and you’ll get straightforward results. You won’t end up wasting time and you’ll cut back on any unnecessary expenses.


Once you’ve come across customers and clients who frequently patronize your business, you will realize how invaluable they are to you. Offer them loyalty awards or special discounts. Let them be the first to know about new products and services before announcing them to the general market. Take care of your business relationship with them so that you’ll know they’ll keep coming back. The premise behind this simple small business marketing strategy is that more trade will occur between you and a patron than any other person who has never bought or is yet to transact with you. Regulars already know and trust you, therefore you should give them a reason to keep returning.


A tried and tested method of gaining publicity and increasing sales does not require any conscious measures on your part nor does it come at any cost. Simple word-of-mouth has always been successful over the years. People usually doubt groups from within the company unless someone they trust the one that is giving them the thumbs up. Assuming you take care of your loyal customers and clients, you can be sure of the fact that they’ll give others great reviews about your products and services. This is a basic small business marketing strategy that is often overlooked. Treat your patrons well and they’ll return the favor by unconsciously increasing sales.

Go Online!

A small business marketing strategy that seems to be gaining popularity (as with anything else) is through making the most out of the internet experience. Let’s face it; a big chunk of your target market is most likely online, unless of course your products and services are directed towards the technically challenged. The World Wide Web is by far the most convenient invention man has ever come up with. And in this day and age where we’ve grown accustomed to instant gratification, it has become our best friend. Just imagine the traffic that goes on in the internet, on a daily basis. In effect, it equates to extremely valuable advertising space.


Google is by far the most used and trusted search engine in the world wide web, with services that are consistently reliable. If you want to advertise with costs that are almost next to nothing, try Google ads. Whenever users type in a search word that’s related to your trade, an ad about your products and services will appear alongside the usual search results. These ads will continue to be visible in websites and pages where Google ads are activated. This small business marketing strategy doesn’t require much time, effort or money to be spent since Google does everything for you.


This next online small business marketing strategy will need a bit of your time and creativity. If your business already has a website of its own, try making full use of its potential by creating relevant content. Promote your brand as a source of valuable knowledge; a place where consumers of the industry you’re in can seek answers from. If for example you own a crafts shop, you can create a page that’s dedicated solely to project ideas. Or if you’re a food dealer, you can have pages on healthy eating and the like. It attracts people to the site, does not require an additional budget, and allows you to freely showcase your products and services.


Social networking sites have opened their doors to interested advertisers in exchange for minimal fees or sometimes even none. Facebook, for example, let’s anyone use their ad pages for free. Just upload your company logo or a photo of your products and services, type in a brief description, and then save it. Tons of visitors come to the site every day, so that means you’ll get a big deal of traffic passing by and viewing your ads. An online small business marketing strategy can range from pin pointing to interruptive marketing. It all depends on your preference and style of how you want your business to be exposed.

A Little Goes a Long Way

Who would’ve thought that being nice could be used as a small business marketing strategy? Of course one should be two-faced, and must not use it simply to generate more income; think of it instead as hitting two birds with one stone. Taking care of your loyal customers and clients will prove to be extremely beneficial in the long run. You’ll get more referrals and a boost in sales with all the positive word-of-mouth you’ll be receiving. Give them what they want, assist them with their needs, and make them always feel welcome. These little blessings you give out shall return to you in tenfold or more.


Not too keen about this idea? Doubt its effectiveness? Take your cue from big businesses. Why else would they offer discounts for long time patrons or loyalty awards for regulars? They realize the potential of building long-term relationships with customers and clients, and you should too. It may be far from the first small business marketing strategy that comes to mind, but put yourself in their shoes: wouldn’t you want to make more purchases at a shop that’s always warm and accommodating? Make consumers feel like they’re needed and wanted and they’re bound to return. The reason for doing this is simply so that customers and clients that you hold on to will bring you more business rather than those who are yet to transact with you.


When you give out discount coupons, little thank you gifts, or special sales for your customers and clients, allow them to bring or share it with a friend or relative. In that way, new individuals are introduced to your products and services. This small business marketing strategy allows you to hold on to existing clientele and to reel in new ones.


People care for those who care for others. Allow your business to take part in fundraising campaigns, community event sponsorships, or charity donations. If your budget’s limited, split the costs by partnering up with associates or other small businesses that complement yours. Synonymous to corporate social responsibility, it sends out the message that money’s not the only thing you care about. It’s a far cry from the usual bashing that goes on in the field of marketing and advertising, but this small business marketing strategy has its strength in the fact that it builds reputation, credibility, and is good publicity. People will show their approval of your deeds by supporting your business. Random acts of kindness really do go a long way.

Personal Touch as a Small Business Marketing Strategy

Today’s small business marketing strategy options are often indirect and impersonal. There’s usually a medium that separates the customer and the client from the trade owner. Computerized messages have replaced telephone calls, and the internet has taken over in-person interaction. It is true that these methods are convenient when both parties don’t have the time or opportunity to do so, but adding a bit of a personal touch to your transactions can do wonders. Not to mention, it’ll make you stand out amongst the sea of formal and seemingly distant businesses.


You can start off by answering your shop phone differently. Instead of having recorded messages play when a call has been answered, why not try a live message? Who doesn’t prefer talking to a real person over a robot or synthesized voice? Furthermore, you can throw in a few marketing schemes as you or your employees speak to the customer. Maybe tell them about offers or upcoming sales. As a good small business marketing strategy, sound friendly but aggressive, and give them a sense of urgency about your offers. It’ll give them an excuse to come rushing by your shop to check these out.


Another old-fashioned trick that always impresses the clients is by sending out handwritten follow up cards. It can be a simple “thank you” or “it was a pleasure meeting you, and I’m looking forward to a future business relationship.” The content of the card is all up to you; just make sure that it’s heartfelt. Regardless, personal effort is a useful small business marketing strategy in trying to remain memorable in customers and clients’ minds. It makes them feel special and cared for. Handwritten notes, stickers, and stamps can also be utilized for direct mail efforts and day-to-day business mail. Simply stick these onto the outside of an envelope, and make sure that the messages are short and concise. These may serve as miniature billboards of sorts.


Lastly, another great small business marketing strategy that’ll get you noticed is to inject a bit of the human factor into your ads and promotional gigs. Tell potential customers and clients of how your business started out; the hardships and the successes of the business, or what it took you to get where you are. It’s an instant attention-grabber, especially with people’s TV drama mindsets. What more is that the media will pick up on it when they deem it to be interesting material. A story for the media, entertainment for potential customers, and free publicity for you – everyone wins!