If you are an entrepreneur,
marketing is something that is in your blood; at least it should be there if
you plan to have customers at all.
Yet, do you market your
business for true success and long term benefits?
If you think that you do, you may not truly understand the true potential of the right marketing tools.
What is marketing? Marketing is what draws a customer to your
business. You need to let others out
there know that you are there and ready and willing to provide a service to
them.
That basic definition is not
nearly enough to pull you through the entire process of marketing for your
business success, though.
If you want long term success,
take marketing much more seriously and follow these tips for various aspects of
marketing.
Determine
Your Products Potential
Before you can be successful
at marketing your business, you must take a good amount of time to determine
what it is about what you have, that others do want.
In other words, what is it
that your product provides? A successful
business will offer some type of immediate satisfaction for a need that someone
has. You should consider this even
before you get into business. What is it
that your product has the potential of solving or filling the need of?
In addition to this, you need
to determine how it can offer these things to your customer in such a way as to
better their life. Perhaps you can offer
them something that solves a problem that they have but it still is something
that is affordable to remedy that solution.
Having a clearly defined
benefit to market is quite essential to getting the most from your
product. People want to know, “What will
it do for me?” and “Why should I purchase this over something else?”
When you can find out how this plays a role in your product’s abilities, you can see the right course of marketing that product. Answering those questions is what you must do to find defined success here.
Pricing
Matters Too
The next objective to take
into consideration is that of pricing.
When it comes to marketing, you may not think of the price that you put
onto your product, but this does matter too.
People are driven by sales and deals.
They like a product that can provide them with the ability to solve
their need but to do so in a cost effective manner.
Without the right pricing, it
makes no difference how you market the product in the end.
What are people looking for
when it comes to pricing of a product or service? They want something that is fair, not
something that will cause them to go broke.
In addition, most people understand full well that there is a need for
the business to turn a profit. The problem
comes when they are being taken advantage of.
In addition, competition
matters here too. If your product is
better than another, perhaps it should be more, but it shouldn’t be outrageous
because, if it is, no one will bother with it.
Take into consideration its ability to be called a Unique Selling Proposition. This means that it will have similar but at least some unique features that will allow it to be priced in competition to other products.
Of course, as we mentioned,
your product must fill the need of someone out there. But, if there are five different products
doing that, it can be hard for you to find your niche. Therefore, you must create for yourself a
unique quality that will propel your marketing and your pricing.
What
makes your product better, in other words?
If you are a new business
owner, for example, and are looking for a new product to invest in, you may not
want to try to come up with your own product, own service or other
component. Rather, you may just decide
that taking something that is already on the market and finding a way to make
it even better, or better priced, is the right way to go.
Marketing
Effectively
Throughout this chapter we
have talked about ways that you can market your business successfully. Now, take into consideration your sales
benefits.
Can you say that when each and
every one of your employees (or just yourself) walks in the door their goal is
to satisfy a customer?
Not just to serve a customer
but to satisfy them as well. If you can
not say that, then perhaps your marketing in sales terms is not working as
effectively as it should.
Here’s what we mean.
If you plan to set out and make a profit, then your goal is to just make
the most of the business you get.
But, what if you set out to please every customer? Then, you would not only be getting that
sale, but you are also getting to keep that customer coming back time and time
again.
Since we are talking about
long term goals and success, it makes sense to insure that your goal in sales
is to be the very best at what you to in order to please your customer so much
so that he does not even consider going elsewhere for his needs.
In your business, you need to
keep your marketing and sales techniques focused on creating as well as keeping
your customer.
Sales
For Success
Taking this one step further,
you also need to take into consideration your sales abilities. As a successful entrepreneur, you need to
carefully consider how you are selling, how effective it is as well as how you
can improve it in the short and long term.
If you can not sell, you can
not be successful in your business.
Point blank, you are done.
First, as the business owner,
you must be able to sell yourself. Are
you the business person that is:
- Approachable
- Likeable
- Friendly
- Educated
- Dedicated?
Or are you the guy they all
run away from when they walk into your door?
Selling yourself as a trusted resource for information and product is
the best way to become the go to guy.
In addition to this, you also
need to effectively sell your product to your customer. This too goes along with marketing your
business for success.
In short, if you can not sell
your business successfully, then you have no business in business. Learn how to be excited with your own
product. Then, learn how to successfully
sell it to those around you.
You need to do this first
before you encourage or train someone else to do it for you. Being eager, excited, positive and surely
invigorating is the way to go in this case.
If you do not feel comfortable talking about your product or business to
your closest friends, how in the world can you sell it to a complete stranger?
Here’s the bottom line of
marketing and sales. If you can not be
successful at getting your product out there and getting others to see it the
way that you do, then you can not possibly find success with it.
Sales expertise is essential
to sales happening. Having sales; means having customers that will come back to
you. That equals long term success for
you, as a business owner.
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