The hardest thing for all of us involved in small business is how to cost effectively find new business. Everything starts and ends with generating new business. Without new business there are no products to make or no services to be delivered.
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Sales and Marketing
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I have seen some debate in the forum on the effectiveness, or lack of it, in press advertising. So here’s my pennyworth.
Advertising, like other marketing instruments is a tool. It doesn’t work on its own and it’s unlikely to work for you if you don’t know how to handle the tool.
So you have the contacts, networking and financing for a great business and want to get going on your new venture but how are you going to come up with a marketing plan? So many business owners and entrepreneurs make the mistake of believing that because their business ideas are great, they won’t have any problems selling their product or service.
A penny saved is a penny earned. The scenarios:
- The money boss makes the marketing decisions
- Believing that not spending on advertising or PR is saving money
- It seems so expensive so I am going to get the cheapest one OR
- It seems so expensive so I am going to get the smallest quantity even though the cost per unit is almost double
So many entrepreneurs believe that the mere ingenuity of their idea is what will sell it. Most of the right are right, but most of them also do not give any thought to how they are going to get that idea across to their target market. So many business owners think that the brilliancy of the idea alone will attract customers.
There’s free and there’s low cost. When you spend a bit of money your capacity to make an impact goes up; it’s something of an investment in your target audience. Here are some easy and cost-effective ways to get your brand out there.
Corporate gifts - unique and free
Branding promotional goods that are unique and eye-catching is a great way to ensure you stay front of mind. The trick is to make them unique and useful.
It’s no secret to career-minded professionals to understand that you must stand out and make a name for yourself to ensure the highest level of success. As an entrepreneur you should be well aware of the power of branding and the role it plays in corporate - as well as individual - success. You have probably mastered personal branding in the real world through regular speaking gigs and writing articles but how are you doing with your online branding?
Aren't you sick and tired of people pulling your email address off the internet and sending you random crap? I am.
This does nothing more than develop a bad reputation for the organisation or email marketer. Unsolicited, or once-off emails (or newsletters) have a very low conversion rate.