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Starting A New Business In San Diego?

As Featured On EzineArticles

If you are starting a new business, the single most important thing that will determine your long-term success, is a driving commitment to a meaningful cause.

Most people start their business as a “means to an end.” For example, they start their business to make money (the “means”), so they can purchase nice things (the “end”). Or they start their business so they can have more personal independence (the “means”), which in turn gives them the ability to go where they want, when they want (the “end”). But I must say that money, personal independence, or prestige should NOT be the reason for starting a business.

I would even go so far to say that starting a business because you would enjoy doing that type of work, or you want to fill a need in the marketplace, are both not good enough reasons. Those need to be part of the reason, but there’s a more important reason. One of every four small businesses fail within the first year, and fifty percent of them don’t make it past the fifth year. This failure rate can be attributed to many factors like mismanagement, being under-capitalized, outside influences, etc., but I would argue that behind almost all of the reasons why a business fails, is the hollow philosophy from which it was built on.

If your business’ goals are not a “means to an end,” but are the “end” itself, then your business should persevere through the tough times. Here is why...
 

Marketing On A Budget In San Diego

As Featured On EzineArticles

Small Business Marketing in San Diego doesn't have to be expensive. However, like most things in life, you have to substitute one or two things to get something else in return. So what you have to substitute for marketing on a budget is "creativity" and the time it takes to implement your creative ideas. Before I give you resources that are budget-conscious, here are a few pointers that will save you time and be effective even on a marketing budget:

1.) Market from the point-of-view of the consumer. What would really benefit the consumer most? What would attract the consumer? And what would make them trust you more than your competitors? Remember you are not marketing to yourself. You're marketing to

 

The Big Mistake Small Businesses Make

Most small business owners are doers and go-getters, but spend less time planning than they should. This is why most small business owners don’t have systematic schedules for marketing their products, services and brand image. These systematic schedules are called marketing plans. Yes it does sound very corporate, and you may think your business is too small to have a marketing plan, but every business needs one. Why? Because it forces you to set goals with benchmarks, timetables, and methods to attaining them. Imagine a building being built without a detailed architectural plan—a just build-as-you-go formula. Well unfortunately most small businesses do that. They have a financial goal, but no architected plan to get to that goal.

   

Defining Your Unique Selling Proposition

Your Unique Selling Proposition (USP) is a statement that defines your uniqueness—it sets you apart from all of your competitors. It is a distinguishing statement that only you can lay claim to, and expresses the benefits of doing business with you over your competitors. It should be the nucleus around which you build all communications, and should be integrated throughout all of your promotional, marketing and advertising operations. It tells your customers what really makes your company different, better and special.

Make your unique selling proposition one sentence long if possible. We take this approach because

 

Determining Your Marketing Budget

Often business owners determine marketing budgets by calculating a percentage of revenue their company made the previous year—typically between 6% and 14% of gross sales. What we recommend is to first align your budget with your marketing goals and roughly calculate what those costs would be to achieve those goals. Then, calculate what the average lifetime worth of each client to your business. For example,

   

6 Steps To A Powerful Guarantee

Most business owners are affraid to offer a powerful guarantee to their customers. The two biggest reasons are that they are worried that they can't deliver on what they guarantee, and also, that everyone will take them up on their guarantee. But studies have shown that only about 1-2% of your customers will take you up on your guarantee. However, the benefits of a strong guarantee can be very lucrative if done right. Here is the reason: If you have a good product or service but your customers

 

7 Things Every Home Page Should Have

Your website home page is like your storefront. It is the face of your business that either invites you to come in or not. The difference with a website home page is that you only have 15 seconds to generate interest in your business or you may never see that visitor again. So in order to attract more visitors deeper into your website, your home page should have these key elements:

 

   

10 Elements Needed To Make An Effective Ad

To give your ad the best chance of getting the results you want, there are a some important things you must do:

1. State what your unique competitive advantage is
2. Create a compelling, attention-grabbing headline
3. Offer an irresistible bargain
4. Explain the benefits of your product or service—listing benefits is more important than listing features
5. Make your ad an advertorial—people read news articles 7 times more than advertisements

 

12 Benefits Of A Marketing Consultant...

Small businesses usually don't have the budgets for marketing directors or marketing managers. And most importantly, they don't have the budgets for marketing mistakes or advertising that doesn't pay off. Yet many small business owners attempt to do their own marketing which most often is insuffiicient, misdirected and doesn't usually pay for the investment.

On the contrary though, most small businesses do have the budgets for marketing consultants that offer hourly sessions. And often, just a few hours of marketing advice from a good marketing consultant can be very lucrative for a business.

   

Marketing Companies Vs Advertising Agencies

How do you choose between a marketing company and an advertising agency? What is the difference? Well by definition, "an advertising agency or ad agency is a service business dedicated to creating, planning and handling advertising (and sometimes other forms of promotion) for its clients"—wikipedia. A marketing company "is used to create the customer, to keep the customer and to satisfy the customer"—wikipedia. Though both advertising agencies and marketing companies offer similar services, marketing companies tend to focus more on anticipating the needs and wants of consumers.