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STARTERS FOR START-UPS
FIVE ESSENTIAL STEPS FOR
MARKETING YOUR NEW BUSINESS.
by Dr.
Kevin Nunley
"I know this business inside
out," Laura told me the week she started her new business. "I
just don't have the foggiest idea of how to market it!"
It's a problem that almost everyone starting a new business
faces. You can be the best plumber, tax accountant, or doctor
in the world, but if you don't know how to get the word
out--how to market your product or service--there's no way you
can get the customers you need.
Here are five essential steps to follow to get great marketing
that doesn't cost a fortune.
1. What is your market?
Decide who your main customers are. As a group, how old are
they? Where do they live? How much money do they make? What
kinds of jobs do they have and what are their interests? The
better you can sketch a detailed profile of the kinds of people
who will be your main customers, the better you'll fare in the
next four steps.
2. What kinds of media do
your main customers use?
Each type of media has its own target audience. Each radio
station, newspaper, magazine, or TV program tries to interest a
specific segment of the population. The trick is to match your
main customers with the kinds of media they use.
A Top 40 radio station tries to reach teenagers and 18 to 34
year-old women. The local newspaper may be geared to homeowners
over the age of 35. An industry trade magazine might be read
mostly by senior managers scattered all around the country.
If you aren't sure what group a media outlet is targeting, ask
their sales department. Maybe you have a service business that
will be of interest to people living in a certain neighborhood.
Flyers delivered door-to-door could be the best way to let
prospects know about you.
Remember that media isn't just TV and newspapers. Effective
media can be anything that conveys your message. Media choices
range from million dollar commercials in the Super Bowl to a few
free pens with your name on them.
3. Limit the media you
use to what you can afford to use consistently.
The key to effective marketing is consistency. You have to hit
the audience with your message again, and again, and again.
Marketers use the Rule of Seven. Prospects must see or hear your
message seven times before they consider buying.
Don't blow your entire marketing budget on a one-shot media
blitz. Choose a less expensive type of media that you can afford
to use week after week. That's how you get marketing success.
4. Sell the main benefit
of your product or service. Make your marketing
client-centered.
How does your product or service improve your customer's life?
Talk to your customer from their own perspective. Does your
product or service save them time? Make them richer? Make them
more attractive? Your marketing should drive home this most
important benefit as clearly and directly as possible. Customers
buy benefits! When you advertise the features of your product or
service, connect those features to the benefits they will bring
the customer.
5. And finally, don't
miss out on FREE publicity. Radio, TV, newspapers, newsletters,
and magazines are constantly on the lookout for good stories.
Prospective customers will be impressed if a media outlet
features a story on what you do.
Is there something about you or your business that would
interest other people? Is there something about your business
that is newsworthy? Maybe you have useful information to share
with others. Consider sending a press release to your local
newspaper.
Better yet, make a phone call to the news desk. Radio DJs can
often be persuaded to talk about your business, especially if
you take them a free sample. Consider your cable TV company's
community bulletin board and an article for the trade
publication that covers your industry. (Drop me a note and ask
for my free report on media publicity.)
Last, but certainly not least, remember to promote your
business on-line. The net is open to everyone. It's the only
"big" media that allows the small business person to get their
message out at very low cost. Bulletin boards and newsgroups may
appreciate helpful information that you provide, and most won't
mind if you sign your name along with four to six lines about
your business.
These are the five essential steps to effective marketing. Keep
them in mind as you decide how to market your new business. They
are the single most important reasons why some marketing fails
while other marketing brings loads of new customers and profits.
Kevin Nunley provides marketing advice and copy writing for
businesses and organizations. Read all his money-saving
marketing tips at
http://DrNunley.com/
. Reach him at
kevin@drnunley.com
or (801)-253-4536.
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