Based on your definition of your strategies for …..
..(see other posts for clarifation of the above if you need to) you should be able to develop an ideal client profile.
Your Ideal Client Profile will tell you the type of person who is most likely to buy from you and with whom you are able to develop a long term relationship. The client profile will show which segment(s) of the market your client falls into along with the category of product that they prefer to purchase from you. Along with this you will understand through which marketing channel they prefer to purchase through from you.
For more informtion on business and marketing strategies visit :- http://www.businessmansencyclopaedia.com/ right now before you move onto something else.
Stephen C Campbell
What does your company mean or stand for ? when I ask this question – I don’t mean to you, I mean what does it mean to your current and future or potential customers.
The process of branding means that the spotlight is turned on us as the provider of the product or service whether we are a small or home business. There is a reason why consumers pay multiples of the base cost for water to buy certain brands of water, in terms of beverages consider Coke or Cola and the situation where an individual goes into a bar and asks for a Coke, the bar person replies ‘we only have pepsi and in nine times out of ten the customer nods their head and says ok.
The customer uses Coke as a generic term for any Cola drink. This can be used in contrast to when one goes to the corner store to purchase bread or milk both of which are considered and known as commodity purchases. When building the brand of our companies we must aim to be known as the ‘Coke’ of our industries. When we operate with this mindset this will ensure that the tactics which we work towards daily are based around building our brand to be the best in class in our market category.
Unfortunately the majority of small businesses and home businesses fail to work on this particular component of their business and marketing strategy – hope you find this useful. For more information on business and business strategies visit :- http://www.businessmansencyclopaedia.com/
Stephen C Campbell
Every product or service must pass through a Marketing Channel in order to reach the end user. Most successful businesses today use multiple channels through which to reach their target market and your business should be the same. Examples of marketing channels are the Retail Store, Networking Events, Distribution Warehouses, Shopping Malls, Telephone, Mail and the Internet.
You should consider what you wish your primary channel to market to be and focus in on this and then work on having a few secondary channels to market. Develop most of your sales and communication tools for your primary market which will be in line with the Category of product and the particular Market Segment which you are looking to address. I consider the internet to be one of the most important Marketing Channels no matter what business you are in and I find the vast majority of my clients on a worldwide basis this way as I have developed significant expertise in this field over the years.
For more information on the development of marketing strategies in your business simply contact us via this link.