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Actual for You - Business Marketing Strategy
So far most wind car designs for modern automobiles are pretty much on the drawing board, yet soon they will be ready for mass production. Wind Cars are the ultimate in alternative energy running on wind power or a combination hybrid running on wind and another type of propulsion such as fuel cells or ethanol blended fuels. Recently the product phase of such a concept came up in an online think tank and one UK reporter asked us;“How are you going to go about getting them made professionally or set up as a business, if at all?”Making the first prototypes are not difficult, except for those requiring laser assist to make vortex suction propulsion. This is one of the most preferred designs so far on the drawing board. For most all the other wind powered and hybrid wind power assisted design
Create your own USP and put it on all your promotional materials, invoices, shipping labels etc.
Use your USP to communicate the benefit of doing business with you and why you are better than any of your competitors.
3. Always Make an Offer
Make sure you ask your prospects and customers to do something when they receive your postcard. By offering them something you know they are likely to want and giving them a smooth path to respond on, you are making it easy and desirable for them to respond.
4. Create and Maintain a Database of The Customer Information You Collect From The Responses To Your Mailings
Most people who re
It's just a general malaise, dissatisfaction, with the status quo. Unfulfilled, not connected, not doing something that really lights that spark. I'm sure you know what I mean.I had a myriad of ideas when my employer laid me off. I've failed at one business already a couple of summers ago. Then I retreated; I retreated from work, from life, into my home, away from responsibility, away from my ideas and placed more importance on me. I felt selfish, irresponsible, guilty, lazy, et al. Again, anyone who has been out of work you know what I mean!My computer died, along with it, so did much material for many of my ideas. Whoa! What's this I noticed, I feel lighter, more able to focus. It may be short-lived but I'll take it while I can. Rebuilding the computer I discovered I can finally play g
Strategy comes from a Greek word “stratagein” meaning “to be a general”. Think of a strategy as an overall plan of action needed to win a war. The smaller, detailed actions are called tactics. You can have tactical plans which help you achieve your strategic marketing plan or overall business marketing strategy. That’s simple enough, isn’t it?
A business marketing strategy or strategic marketing plan is an overall plan of marketing actions you intend to take in order to accomplish a specific goal for your company.
Start with a goal: $2 million in sales this year; expand into new premises by a certain date; double the size of the company in 2 years… whatever the goal may be. Something realistic but challenging. That's the "war" you want to win. Guess who the general is.
Then work out a simple, overall plan of the major marketing steps needed to accomplish that (for example):
1. Publish a newsletter for all existing customers and mail out quarterly.
2. Work out 4 special offers in the year and promote them to all our customers.
3. Set up on-line shopping and expand the web site.
4. Direct mail campaign promoting the web site to all customers.
5. Get mailing lists of (target markets) and do a series of 3 mailings of postcards to them and follow up on and close all leads.
6. Etc.
You get the idea. Don’t rush this. Do your homework. What worked in the past? Read up on successful marketing campaigns. Your business marketing strategy needs to be laid out in the right sequence and you should have some idea of budget when you write it. “Run a series of 30 second TV ads during the Superbowl” might sound like a good thing to do but can you afford it? On the other hand, when you build your business marketing strategy you mustn’t try and cut corners. If you don’t promote heavily, it doesn’t matter how good your product or service is, no one will know about it and you will go broke. What really works when it comes to marketing?
Many business owners don't have a good enough answer to this important question. I learned by a combination of study and trial and error.
From my own hard won experienceI have discovered that a real marketing campaign will take into consideration at least the seven points which are outlined below:
1. Target Your Market
Your marketing will produce the best results for the lowest cost when you target prospects with the greatest need for what you offer.
Identify the best people to send your postcards to. Design your postcards to appeal to their greatest need.
If you are able to break down your target market into sub markets you can then write postcards that specifically speak to the needs of those people (an example is breaking down your own customer list into customers who buy most often, customers who spend the most money with you, customers who have been your customers the longest and then making them special offers based on the category they fit into).
2. Create A USP For Your Business
USP stands for "Unique Selling Proposition".
It is a statement of what is different about your company and its products. Your USP gives the reason people should do business with you. It amplifies the benefit of doing business with you and your company. My USP is POSTCARD MARKETING EXPERTS.
Create your own USP and put it on all your promotional materials, invoices, shipping labels etc.
Use your USP to communicate the benefit of doing business with you and why you are better than any of your competitors.
3. Always Make an Offer
Make sure you ask your prospects and customers to do something when they receive your postcard. By offering them something you know they are likely to want and giving them a smooth path to respond on, you are making it easy and desirable for them to respond.
4. Create and Maintain a Database of The Customer Information You Collect From The Responses To Your Mailings
Most people who rec
Louis Gerstner, chairman of IBM, says, “you can't manage anything that you can't measure.” Obvious, yet profound.As we said before, traditional advertising generally only works by chance. The truth is, all advertising is a guess. What works for one business may not work at yours.What worked last year, may not work today.The key is to constantly run small tests, measure the results, and roll out your system on a larger scale.But if you can't measure the results – as is the case with traditional marketing – you can never know what works and what doesn't – so you have to keep doing everything. That's why the agencies and the media made it this way.So you spend lots of money and never quit.John Wanamaker said, “I know fifty percent of my advertising
Then work out a simple, overall plan of the major marketing steps needed to accomplish that (for example):
1. Publish a newsletter for all existing customers and mail out quarterly.
2. Work out 4 special offers in the year and promote them to all our customers.
3. Set up on-line shopping and expand the web site.
4. Direct mail campaign promoting the web site to all customers.
5. Get mailing lists of (target markets) and do a series of 3 mailings of postcards to them and follow up on and close all leads.
6. Etc.
You get the idea. Don’t rush this. Do your homework. What worked in the past? Read up on successful marketing campaigns. Your business marketing strategy needs to be laid out in the right sequence and you should have some idea of budget when you write it. “Run a series of 30 second TV ads during the Superbowl” might sound like a good thing to do but can you afford it? On the other hand, when you build your business marketing strategy you mustn’t try and cut corners. If you don’t promote heavily, it doesn’t matter how good your product or service is, no one will know about it and you will go broke. What really works when it comes to marketing?
Many business owners don't have a good enough answer to this important question. I learned by a combination of study and trial and error.
From my own hard won experienceI have discovered that a real marketing campaign will take into consideration at least the seven points which are outlined below:
1. Target Your Market
Your marketing will produce the best results for the lowest cost when you target prospects with the greatest need for what you offer.
Identify the best people to send your postcards to. Design your postcards to appeal to their greatest need.
If you are able to break down your target market into sub markets you can then write postcards that specifically speak to the needs of those people (an example is breaking down your own customer list into customers who buy most often, customers who spend the most money with you, customers who have been your customers the longest and then making them special offers based on the category they fit into).
2. Create A USP For Your Business
USP stands for "Unique Selling Proposition".
It is a statement of what is different about your company and its products. Your USP gives the reason people should do business with you. It amplifies the benefit of doing business with you and your company. My USP is POSTCARD MARKETING EXPERTS.
Create your own USP and put it on all your promotional materials, invoices, shipping labels etc.
Use your USP to communicate the benefit of doing business with you and why you are better than any of your competitors.
3. Always Make an Offer
Make sure you ask your prospects and customers to do something when they receive your postcard. By offering them something you know they are likely to want and giving them a smooth path to respond on, you are making it easy and desirable for them to respond.
4. Create and Maintain a Database of The Customer Information You Collect From The Responses To Your Mailings
Most people who re
Whether you are an entrepreneur or an experienced business owner, taking advantage of online business opportunities may fit your needs perfectly. These businesses are typically home based and requires very little to get started. The advantages to owning a home based business are many, and all you really need is a well equipped computer system, a high speed internet connection, adequate work space, and commitment and dedication.There is a lot more out there than stuffing envelopes and joining online affiliate programs, not to say that people cannot be successful in these ventures of course. Any type of home based online business opportunity must be right for the person who chooses to enter into the venture.A huge investment isn’t always required to take advantage of onlin
Many business owners don't have a good enough answer to this important question. I learned by a combination of study and trial and error.
From my own hard won experienceI have discovered that a real marketing campaign will take into consideration at least the seven points which are outlined below:
1. Target Your Market
Your marketing will produce the best results for the lowest cost when you target prospects with the greatest need for what you offer.
Identify the best people to send your postcards to. Design your postcards to appeal to their greatest need.
If you are able to break down your target market into sub markets you can then write postcards that specifically speak to the needs of those people (an example is breaking down your own customer list into customers who buy most often, customers who spend the most money with you, customers who have been your customers the longest and then making them special offers based on the category they fit into).
2. Create A USP For Your Business
USP stands for "Unique Selling Proposition".
It is a statement of what is different about your company and its products. Your USP gives the reason people should do business with you. It amplifies the benefit of doing business with you and your company. My USP is POSTCARD MARKETING EXPERTS.
Create your own USP and put it on all your promotional materials, invoices, shipping labels etc.
Use your USP to communicate the benefit of doing business with you and why you are better than any of your competitors.
3. Always Make an Offer
Make sure you ask your prospects and customers to do something when they receive your postcard. By offering them something you know they are likely to want and giving them a smooth path to respond on, you are making it easy and desirable for them to respond.
4. Create and Maintain a Database of The Customer Information You Collect From The Responses To Your Mailings
Most people who re
What comes to your mind when you hear the word leverage? For most people it means borrowing money or taking in investors. The term has even been popularized to the degree that it is often referred to by initials -- OPM -- other people's money.Yes, that is the most common definition and certainly one everybody understands. Using other people's money is also something most successful entrepreneurs practice. They understand how much more they can do if they can hold onto their own money and spread it wisely over several opportunities or keep it for those situations that require immediate cash. Smart entrepreneurs also know that if they have the credentials, they can bring in investors for relatively small percentages of the profits and keep the large percentages of the profits for themselves.<
1. Target Your Market
Your marketing will produce the best results for the lowest cost when you target prospects with the greatest need for what you offer.
Identify the best people to send your postcards to. Design your postcards to appeal to their greatest need.
If you are able to break down your target market into sub markets you can then write postcards that specifically speak to the needs of those people (an example is breaking down your own customer list into customers who buy most often, customers who spend the most money with you, customers who have been your customers the longest and then making them special offers based on the category they fit into).
2. Create A USP For Your Business
USP stands for "Unique Selling Proposition".
It is a statement of what is different about your company and its products. Your USP gives the reason people should do business with you. It amplifies the benefit of doing business with you and your company. My USP is POSTCARD MARKETING EXPERTS.
Create your own USP and put it on all your promotional materials, invoices, shipping labels etc.
Use your USP to communicate the benefit of doing business with you and why you are better than any of your competitors.
3. Always Make an Offer
Make sure you ask your prospects and customers to do something when they receive your postcard. By offering them something you know they are likely to want and giving them a smooth path to respond on, you are making it easy and desirable for them to respond.
4. Create and Maintain a Database of The Customer Information You Collect From The Responses To Your Mailings
Most people who re
According to the Mortgage Bankers Association (MBA), more than two thirds of the mortgages generated during the past several years are ARMs.Adjustable rate mortgages (ARMs) are home loans with a rate that varies. As interest rates rise and fall in general, rates on adjustable rate mortgages follow.Approximately 2 trillion dollars worth of these loans are scheduled for payment adjustment within the next two years. Based on current market conditions, many of these payments will increase.“ARM holders face the possibility of enormous hardship,” states Howard Voyles, CEO of Focus Publications, a provider of marketing tools to mortgage professionals. “Income hasn’t kept pace with the projected monthly payment increases,” he continues.The Federal Reserve Board agrees. ARMs may sta
Create your own USP and put it on all your promotional materials, invoices, shipping labels etc.
Use your USP to communicate the benefit of doing business with you and why you are better than any of your competitors.
3. Always Make an Offer
Make sure you ask your prospects and customers to do something when they receive your postcard. By offering them something you know they are likely to want and giving them a smooth path to respond on, you are making it easy and desirable for them to respond.
4. Create and Maintain a Database of The Customer Information You Collect From The Responses To Your Mailings
Most people who receive a postcard from you won't contact you the first time they receive one.
But once they contact you, you must create and maintain a database which allows you to repeatedly contact them with offers to respond to.
Fifty percent or more of many businesses' sales come as a result of following up with people who were previously contacted, but didn't buy right away.
No kidding, repeat contact does drive sales. One-time mailings can get response, but are bound to leave sales on the table. Those sales can be picked up with repeated mailings.
5. Take Away the Fear of Loss
People don't want to be fooled, plain and simple. Unfortunately trust does not run high today between customers and businesses in general. People have been disappointed too many times by being sold one thing and getting another.
A guarantee or warranty is a good way to reduce or eliminate the customers’ risk of getting something other than what they bargained for.
Guarantees and warranties increase response and sales by reducing customer risk.
6. Expand Your Product Line
Getting new customers is more expensive than selling to existing ones. By regularly developing new products and services to sell to your customers and offering these new products and services to them, you can expand your business efficiently and easily.
7. Test Your Postcard Promotions
Track the effectiveness of your postcard mailings. How many people responded to your mailing? What dollar amount of sales resulted from those responses?
Is the money you are spending to attract new business giving you a good return? What can you do to make your marketing more effective? Change your offer, headline, price, the timing of your offer. When you do track the results and improve your response.
These are the points to follow when designing your own marketing strategy. When you are done, you will have laid out the steps needed to accomplish your goal using existing resources to achieve a great marketing ROI (return on investment).
After that, you simply have to get those steps executed and that might require further planning but it is all in the context of your main business marketing strategy.
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