Ideas that can help you build your business and make a success
Monday, November 30, 2009
Facebook Marketing
Thursday, November 26, 2009
How to write a Marketing Plan
Successful companies have marketing plans. Large companies have plans with hundreds of pages; small ones can get by with a half-dozen sheets.
The Marketing Plan - A marketing plan is basically an outline of a company's plan and strategy to market its goods or services.
Company vision or executive overview - The overall vision of your company.
Market review - Details of the market environment, including competitors, market trends, future trends and barriers to entry.
Strategies - Outline the four P's of marketing: Product, Price, Place (distribution), and Promotion. How are you going to define these aspects of marketing in your business and how will you approach them?
Action plan and implementation - Now how are you going to solve the four P’s? What are the exact plans and steps you are going to follow to make the four P's work for you?
Future Evaluation - Explain how you plan to evaluate and measure your marketing plan's success. What tools and measurements will you utilize?
Monday, November 23, 2009
Success
Monday, November 9, 2009
Growing your business
Growing your business is a necessity for your business’s survival and your economic well-being. What can you do to get your business beyond the bare sustenance level? All of these ways of growing your business have been successfully used by other businesses and, with some planning and investment, will work for you.
You existing market
The first thing that comes to mind when thinking of growing your business is getting new customers. But the customers you already have are your best bet for increasing your sales; it’s easier and more cost-effective to get people who are already buying from you to buy more than to find new customers and persuade them to buy from you.
Ask for referrals
One of the easiest way to get new customers is to ask your current customers for referrals. Doing a great job and just assuming that your customers are passing the word about your business isn’t going to do much to increase your customer base; you have to actively seek referrals. During or after every job or sale, ask your satisfied customer if he knows anyone else who would be interested in your products or services.
Innovate your product or service
Discovering and promoting new uses for your products or services is a great way to both get existing customers to buy more and attract new customers.
Extend your market reach
There are several ways of growing your business by making your product or service available to a new pool of customers. The most obvious is to open stores in new locations, such as opening a store or kiosk in a new town. New locations can also be virtual, such as a website with an online store. Another approach is to extend your reach through advertising. Once you’ve identified a new market, you might advertise in select media that targets that market.
Participate in trade shows
Trade shows can be a great way of growing your business. Because trade shows draw people who are already interested in the type of product or service you offer, they can powerfully improve your bottom line. The trick is to select the trade shows you participate in carefully, seeking the right match for your product or service.
Niche markets
A big fish in the small pond. That’s essentially how this strategy for growing your business works. A niche market is the pond; a narrowly defined group of customers. Think of them as a subset whose needs are not being met and concentrate on meeting those unmet needs.
Contain your costs
When we’re talking about growing your business, we’re actually talking about growing your business’s bottom line. And the difference between pre-tax and post-tax money can make this a very effective growth strategy. There are two main approaches to increasing profit; improving your turnover and cutting your costs.
Diversify your products or services
The key to successfully growing your business through diversification is similarity. Focus on the related needs of your already established market or on market segments with similar needs and characteristics.
Franchising
There are many success stories due to franchising. If you have a successful business and can develop a system that ensures that others can duplicate your success, franchising may be the fast track for growing your business.
Exporting
Expanding into international markets can also be a powerful boost to your business’s bottom line. Like franchising, this is a way of growing your business that requires quite a commitment of time and resources, but can be extremely rewarding.
Sunday, November 8, 2009
How to promote your business online for free
Most businesses can benefit from free online promotion. If you have a limited budget and want drive traffic to your site here are a few simple ways you can promote your business online for free.
Register your site
Make sure you register your site with directories such as Google, Yahoo and the Open Directory Project (dmoz.org). All top SEO and SEM practitioners know that being listed in web directories is critical towards increased site traffic and overall success for your website.
Google Local
It integrates with Google Maps so, Google Local is a great way to get your business to show up on Google searches.
Yahoo Local
Yahoo local is a directory organized by category and geographic location. You can get a basic listing for free. People searching for your business or industry can find your listing.
Links from other sites
Search engine spiders move from site to site across the internet by following hyperlinks. The more high quality and high trafficked sites you have pointing to your site, the more important the search engine will think you are.
Meta tags
Meta tags are hidden HTML directions for Web browsers or search engines. They include important information such as the title of each page, relevant keywords describing site content, and the description of the site that shows up when a search engine returns a search.
Keywords
Consider likely words or phrases that users might type into search engines to find your site. Make sure your content contains those words or phrases, and include them in your title portions of your site and in relevant content.
YellowPages.com
Yellow Pages have a strong brand name and recognition, and are still used by many people today. They offer a few levels of listings, the most basic is free.
Hotfrog
A multi-list building site, active in several countries around the world and you can list your business for free.
Join LinkedIn and get connected with people you know and make connections with people you don’t through introductions.
Free Classifieds
Placing classified ads does work, but this method of advertising will take some time before you start to see results. You need to continually submit your ad to these sites, so it stays near the top of the pages of these sites.
Writing articles
Writing articles in ezines, newsletters and blogs, is a great free method for sending traffic to your site.
Email Signatures
Add your URL to all of your outgoing email. Give it a mission statement or a strapline, it will help people understand what you do.