Niche marketing is finding an empty spot in the marketplace where you can gain a reasonable profit. Niche marketing is one of the greatest advantages to a small enterprise. The niche should be a...
Branding a small business product seems unrealistic because most branding ideas involve large sums of money consistently spent over a long period of time. If your business is small you should think of your marketplace in small terms. Branding requires the high maintenance cost of frequency and consistency. Creative cost controls allow for multi-media campaigns...
When you analyze your customer database, don't be surprised if that reliable 80/20 rule is working. If you haven't been analyzing the ratio of sales to customers, now is a good time to do so...
Separating yourself from the competition is a key for any successful small business. Marketing textbooks call it Product Differential...
Just as you do with an ordinary power switch, if it doesn't work in one direction, you try the other. This same logic can be applied to marketing...
There's a time to brag and a time to be humble. The skillful businessperson will strive to learn the appropriate balance...
If you're looking for the ultimate maxim to describe ultimate aggressiveness - this is it...
If your endeavors became easier to do more people would be doing them. Hence, you would have tougher competition...
It's a no-brainer that profitable customers will result in a profitable operation. Be sure not to overlook the cost of complaint resolutions. Consider having more profit from fewer clients than from a mix of winners and losers by eliminating the losers...
Any good fisherman will tell you how important it is to fish when the fish are biting. The same rule applies to marketing, when the market is hot concentrate on selling...
Contact with customers can teach "inside staff" more about their own contribution to sales than they'd learn any other way. Here are some ways to provide that healthy exposure..
This maxim is sound advice for handling a piece of lumber, it can also be applied to your advertising and marketing...
Whenever someone begins bad-mouthing a competitor remember this mantra...
If you can't bring the mountain to Mohammed then, bring Mohammed to the mountain...
Some of us have a tendency to announce or brag about a pending accomplishment. You can read the bold announcements of new entrepreneurs only to find, later, that most new ventures never produce any chickens...
You are unique. You are something competitors will find almost impossible to duplicate...
Instead of the old phrase "Product Differential", the technique for creating your niche in the marketplace is now called a Unique Selling Position...
Back to Top - Small Business Marketing, Strategies, Plans and Research
Market Research is an important function in marketing. However, most research is costly. Small business operators find it difficult to invest large sums solely to gather information which may not be 100% accurate. There are other options for your small business...
Market surveys indicate a major portion of consumers prefer specific characteristics in a product while a smaller portion favor slightly different characteristics. Big Box retailers and offshore manufacturers restrict many features to the majority market which can leave a large gap for the small business operator to fill...
A successful business person will often remain tight lipped when you try to solicit some sensitive information. More...
This is a good thought to keep in mind whenever you divulge business matters to anyone...
You've heard about promoting your business on a shoestring budget. This is market research for when you don't even have a shoestring...
The farther you keep your enemies at a distance the less you know about them and their activities...
Many entrepreneurs start off on the wrong side of demand. The ones who struggle start by doing what they like or by exploiting certain skills and assets. Any success seems to result from adjusting initial plans to finding a niche...
Back to Top - Small Business Marketing, Strategies, Plans and Research
In marketing, salespersons need to think in terms of the customer's needs, not in terms of their need to sell the product...
Word-of-mouth is fine for an established business but, for a start-up, it is a poor method to rely upon. Word-of-mouth advertising has two pre-requisites...
Be what you say you are in your advertising and other promotions. Conversely, do not advertise you are something you are not...
Before you spend a lot of money on advertising, and throughout the early stages of your enterprise development, sharpen your focus on your target customer...
Disprove the old saying, "You can lead a horse to water but, you can't make it drink," by writing ad copy that makes people act...
Where you deliver your advertising message is as important as what is in the message. Choose your advertising medium with care...
Until your business and your market saturation is mature, aim directly at your target rather than taking shots in the dark...
The two major costs of advertising, copy and media, can be done in-house...
Back to Top - Small Business Marketing, Strategies, Plans and Research
Small businesses are viewed by consumers as having negotiable prices as opposed to the fixed prices of chain store operations. To preserve your sanity and a minimum profit margin, consider a control system for on-the-spot negotiating. ...
Customers can be confused when comparing commodities at different price levels. Give your customer a clearer choice for making comparisons by using price ranges...
There's a joke about a merchant selling an item for $9.95 that cost $12. When asked, "How do you make money?" he replied, "We make it up on the volume!"
Is your product undervalued? Consider raising prices as product credibility and acceptance increases...
It's easier to make money with higher quality products or services than with selling lower-priced and lower-quality products or services in volume...
Back to Top - Small Business Marketing, Strategies, Plans and Research
How do YOU feel when greeted with the standard cliché, "May I help you?" Are you tempted to retort angrily with, "No! You May Not!" The words may be sincere but the tone is often not...
Anti-theft security systems are becoming quite sophisticated. Nevertheless, the more obvious routines do pose a negative influence on shopping comfort...
Back to Top - Small Business Marketing, Strategies, Plans and Research
Some call it enthusiasm, spirit, energy, or charisma. Whatever you call it showing passion in what you do is attractive to others...
One way to develop the art of saying thanks is to prepare cards, templates or other stationary, so that you can quickly take advantage of an opportunity to thank someone...
Back to Top - Small Business Marketing, Strategies, Plans and Research
Improve your prospecting by developing a set of who-do-you-know prompting questions for each of the standard ways for describing a prospect or target...
Exit Interviews are a standard (albeit seldom practiced) procedure when an employee voluntarily resigns, why not apply the same concept to your customers?
Large retailers must employ friendly greeters at their front door to offset their otherwise impersonal self-service and confusing arrays. One of the advantages small businesses have over large corporations is their ability to be closer to the customer...
People are quick to state that Service is an important key in marketing, however, the specifics of service are often missing...
On each day choose a customer to show your appreciation with a note, a phone call, a simple gift or with casual gestures and one-liners...
Back to Top - Small Business Marketing, Strategies, Plans and Research
Notice how some companies solve problems by passing it to the advertising department. More...
Many selling manuals remind the salesperson to listen for the prospect's needs before launching into a litany of your product's features. This is not easy to remember during those first uneasy moments of a sales presentation. Perhaps you should replace that word 'presentation' with 'interview'...
Take advantage of your business networking time by asking questions. Ask, ask, ask all the time you're networking. When your're talking you're not learning...
Want to be recognized as a prominent person in your community? You can be the center of attention even when you're not on the agenda...
In addition to knowing how to network at a gathering, it's equally important to place yourself at appropriate events. Because networking is a marketing function, various marketing principles can be applied...
Your name is your brand recognition. Practice the clear enunciation of your name and the name of your business...
Someone declared, "Modesty has damaged many a liver." Likewise, shyness damages your business and your reputation as a successful business person...
Back to Top - Small Business Marketing, Strategies, Plans and Research
© 2004-2006 UncleMaxSays.com
UncleMaxSays.com is a division of Kamloops International College Inc.
Privacy Policy Terms of ServiceSmall Business - Time Management - Business Plans - Business Plan Coaching