Getting it Right
If you are reading this, the chances are that you are likely to be in business or perhaps thinking about creating a business.
Being self employed can be very rewarding, it can also be soul destroying for the unwary or the undisciplined, so how can you make sure that you do the right things to make your business grow and prosper.
Understand your target Audience
Blanket advertising or promotions may attract business, but targeted marketing and advertising will win more than the scattergun approach every time. It is essential to remember that brochure readers will at some point probably read all or most of the brochure that they will have picked up.
Getting the approach right!
On the other hand, visitors to your website will scan the content quickly to find what they are looking for, they will not read word for word everything that is on the page, unless it really interests them and they have actually honed in on something they wanted.
When writing content be prepared for this and cater for the browser rather than the reader by using teaser text which give just enough information and then provide a link which would take the visitor to a page should they want to read the whole of the text on a specific subject
Here are some points to remember: -
- Never Assume that traditional marketing techniques will work on the Internet, chances are they won't!
- Don't Make your website look like your brochure
- Don't Make your brochure look like your website
- Too often business owners are failing to target properly for client types and preferences – on the Internet and when using traditional marketing techniques
- Get to know about and understand the Seven P’s of Marketing (The Marketing Mix)
- Work with people who understand how to market on the Internet, it’s a skill that can take some time to master so use someone who is good at it, it will save you time and money in the long run.
- Work with good marketeers when using traditional marketing methods, they can get you places you would never achieve on you own, if they are good at what they do. Usually a good Internet Marketeer will work with a good traditional marketeer, so use their contacts to your advantage. Bill Gates has said that if he only had two dollars left one of them would be spent on PR!
- Ask advice about costs, if you can’t afford it then look at ways you could be able to afford it, such as grants and loans which spread the cost over one to five years. It could really bring results more quickly. The alternative is to do if from working capital and that could take you some time. Good marketeers will usually have contacts who can help you with costs if you don’t want to use your own bank.
It's Doers not thinkers that make the world go round
You can strategise all you want when planning and starting a new business, the same if you are running an existing business; all the planning in the world will not bring in one jot of profit if you don't DO something about it. Alan Sugar in a recent episode of the Apprentice berated his prodigies and shouted at them "I want Doers not strategists" and he's right.
Now I will go along with that statement most of the way, however where I won't is in the planning. I firmly believe that a little planning goes a long way and can save loads of miss-spent cash so by all means plan and plan well, but don't forget that at some point some one in the business is actually going to have to get out there and make the planning work.
An unbelievable number of business plans lie on floors and in dusty drawers and cabinets because the plan had no one to take the idea and actually "Make It Happen!." Once you know what you are doing the planning is the easy bit. Getting out there and doing the business is the hard bit, so what are the failings that we should all be trying to avoid?
Know your market:
Probably the biggest failing with owner managers is lack of understanding their market and not carrying out market research to establish the potential for success or failure. Modern technology when used properly has removed the lack of foot-fall past a business or lack of buyers locally for the internet turns even the smallest of businesses into International Players. If you don't have any experience in marketing I would suggest that taking a Marketing course would be a sound investment. You can find some useful hints on marketing freely available if you visit the Cumbria Business Portal where tips are freely available.
Here on the Cumbria Business Portal you will be able to view the seven P’s of the Marketing Mix and other marketing tips for using the Internet to promote your business.