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The basics of small business marketingSmall business owners often feel that they cannot afford to take and money, to market their business. The reality is that if you are a small business owner, who is interested in growing your company, you can't afford not to market to your potential customers. The desired end result of marketing is the ability to understand your customers' needs, and develop a plan that surrounds those needs. If you want to grow your business, then the most effective way to do that is by focusing on organic growth. You can increase growth in four different ways. They include:
Many small business owners mistakenly assume that they can follow the marketing plan of their larger competitors. This is unrealistic for many reasons. The major reason being if you are like the majority of small business owners, your marketing budget is limited. Studies have shown that the most effective way to market a small business is to create a well rounded program that combines targeted sales activities with your marketing tactics. Keep in mind that your sales activities will not only decrease your out-of-pocket marketing expense, but also adds the value of interacting with your prospective customers and clients. Best of all this interaction will provide you with research that is priceless. Do not let the limitation of a small business marketing budget, keep you from thinking creatively and out of the box. You can launch your marketing campaign by doing one of the following:
Remember that you are only limited by your own creativity. There are not set rules, when trying to decide the best way to reach your target market. As a final not, you should remember that when you do spend money on marketing, do not forget to create a way to track those marketing efforts. You can do this in a variety of ways such as:coding your ads, using multiple toll-free telephone numbers, and asking prospects where they heard about you. This enables you to notice when a marketing tactic stops working, and then quickly replace it, with a better choice or method. |
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