The product is a no-frills, and straight-to-the-point marketing book. This short, 24-hour get-up-and-go product. It is designed to help you start making money on-line and using other methods. Practical marketing only has a few keypoints. We hammer home everything you need to get started – SUCCESSFULLY!
More and more I am incorporating the use of the internet as key component of the business strategies of the companies I do consulting work for. The point that I work to get across to clients is that they should be using their internet presence to act as equity for their business. What do I mean by this ? Well, most companies (small work from home businesses as well as the large corporates !!) may well have a website but it actually serves no purpose in terms of acting as realy equity for the business. In many cases the website actually received no or very little traffic as the business owner’s concern is with having a website as opposed to incorporating the internet presence into the overall company’s business strategy.
We have the world class expertise to create information products (we have many, many of our own) and to drive traffic to the website. Below is an example of one of the products we have created for ourselve in a ever growing and popular market niche :- (for the best clarity watch the video by clicking here [it may well take some time to load])
As I mention business strategy, that leads me on to another point – most of the small businesses I come across have no business plan or marketing strategy. At times company’s may put a basic plan together in order to get money from the banks but this is not the same as having a coherent market focussed business strategy dealing with components such as :-
Ideal Client Profile
…. and the list can go on. I cover this and more when I work with clients and even provide a service where we create information products which are complimentary to their core ‘bricks and mortar’ business and give them the strategies to bring visitors to their main and auxiliary websites. After all, what is the point in having a website if noone ever visits the site to see what you have to offer ?
What are some of the things which seperate business owners from self employed individuals who leave their corporate careers and end up working twice the amount of hours for sometimes less pay. Part of the answer is that they end up working in a job rather than building a company.
My business consultancy now has staff in 4 countries including Europe and the Far East, I now only concentrate on the highest incoming producing activities. More importantly for me, if I am not there in the office – the business will still continue to run. This is by design and all a part of my company’s marketing strategy and something which I strive to instill in my clients.
My “components a marketing strategy” report and audio give a basic introduction into marketing fundamentals and I’d appreciate if you grab yourself a copy. You can also learn some life changing business concepts over at http://www.businessmansencyclopaedia.com/
When considering your product or service it is imperative to consider your survival or preferably dominance in the marketplace as relating to making a profit. Part of the overall process is to gather information or make intense research prior to starting their investment in a particular niche of the market. This research should be based on several aspects which include.
Your best potential customers
Market predisposition towards your product and service
Your ability to attract more people towards your service and products.
This is a starter to get you thinking like a business strategist, to learn more about business and marketing – get my ‘Components Of A Marketing Strategy’ report at :- http://www.businessmansencyclopaedia.com/
..(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.
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/
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.
During a Business Consultation where I normally spend time working on client’s Marketing Strategy I spend time
instructing and coaching clients on Niche Marketing or Market Segmentation. Unfortunately many small businesses and solo preneurs fail to spend time to work on the Market Segmentation strategy which should form a part of their overall marketing strategy. In turn this means they often spend time selling their products or services to the wrong or an inappropriate niche in the market place.
So what does Market Segmentation entail ? To get to grips with Market Segmentation consider various ways we can segment the population i.e. by :-
… and so the list can go on. Do you get the idea ? the point is that the segment of the market that you decide to sell your product or service into will determine your pricing, delivery, packaging and related strategies.
As we live in a diverse world with a global market place market segmentation or niche marketing plays a critical role in our efforts as business people and will continue to do so. In order to take your business forward keep market segmentation in your thoughts and consider this as you discuss where you plan to take your existing or new product. This will help you to make more money and to achieve the success that you have in mind for your business venture.
If you need help with your Market Segmentation or Niche Marketing strategies, get in touch and let me have your comments. You also wish to take a look at http://www.BusinessmansEncyclopaedia.com/ which is a resource I put together to help business people wherever they may be in the world.
To setup and run your business and achieve success it is imperative that the business, no matter what business it is – whether you are a Makeup Artists, Painter & Decorator or Interior Designer; your business must be structured around a flexible marketing strategy plan. You Following the steps below will provide a platform on which to build your business.
I have found that out of the many things one can focus on when determing the company’s marketing strategy is pay to focus on the following four areas :-
Ideal Client Profile
When working on your business focussing in on these key points will serve you will to take your business results to the next level. To learn more about business and strategy visit http://www.businessmansencyclopaedia.com/