Monday, December 24, 2007

Marketing Strategies

Business owners need to use a variety of marketing strategies in order to build a successful business. Many business owners do not use multiple marketing strategies when building a business. This is a key reason most businesses end up failing. Marketing strategies are essential when building a business. Having one marketing strategy is great but in order to make the most out of your business you should employ lots of different marketing strategies . Your marketing strategies do not have to be complicated, in fact the simpler the better. Having a complex marketing strategy does not necessarily mean it will achieve better results. In most cases the most basic marketing strategies have achieved high levels of success for me. There are many ways to market both offline and online. You should use a combination of both to reach the most consumers. Your marketing strategies should also be tailored towards your targeted consumer base.


Your offline marketing strategies should include flyers, letters, business cards, and drop cards.Flyers are great to pass out at large events, depending on what you are selling. For instance conventions are perfect for flyers. Passing out flyers at ball games, malls, and church events is not really effective unless your product is in line with one of those themes. Finding a convention inline with what you are selling is priceless. For instance if you sell computers, passing out flyers at a convention centered around computers would help you increase sales. Setting up a booth would also help. Sending actual letters to your current customers and local community is also a great way to find new and repeat business. Lastly sponsoring events for your local sports teams, youth organizations and churches is a great way to build a relationship with your local community. Free promotional give always are a great way to gain new customers. Take a look at Mc Donald's they do an excellent job of this with the free toy which comes with every happy meal. And their monopoly game brings in huge amounts of business. The key is to offer people something they want, like a free appliance or something. Promotional giveaways can really help bring new business to you.


Some online marketing strategies are writing press releases. Press releases are a great way to get your business out in the open. Another way to get free publicity although it is not online marketing is to build relationships with your local papers. Having a paper write a story about your business will give you instant creditability and lots of exposure. Using Pay Per Click is also a great way to build your business online. With pay per click you must know what you are doing or have someone who knows what they are doing in order to be effective. You will also need at least a budget of 1,000 dollars a month depending on what keywords you are going after.


These are some very basic marketing strategies but they can be very effective if used properly.
 
 
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