Tuesday, March 4, 2008

SMALL BUSINESS MARKETING

In this age of economic boom there are many small businesses being set up and offering their services. The competetion is immense hence there is a special emphasize on marketing.


Small business marketing is all about getting the most from your investment. Most small businesses are on a knifes edge when it comes to finances and resources hence a successful marketing strategy is a must for a small business to be kept afloat.


So, how to successfully go about marketing your small business? There are many ways but the most common of them all is web marketing. Most small businesses bulk mail their prospective customers offering their products and services. This may or may not have a desired effect. What one should know that not all of the customers have the same need. Hence it is important to first target the customer which is in need of the service the most. The biggest benifit of web marketing is that not only it is cost effective and cheap, if one gets his demographic and geographic placing right the chance of growth is unlimited.

Another important aspect of Small business marketing is knowing your strengths and limits. It is extremely important to find the traits of the business and differentiate them from the competition. Your target market wants to know why should they choose you if they have other alternatives. One should learn to segment the market and focus on that segment which requires or will most likely go for your services. This is also called target marketing.

In short, for a small business to market its product and services successfully, emphasize should be given on demographic and geographic segmentation and focusing on customers most likely to buy and use the service.

2 comments:

Unknown said...

very informative and well written

Unknown said...

I fully endorse your point of view only in addition that what ever the venture is, alwaays beleive in your self.Well done God bless you