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Thread: How to Market a Small Business?

  1. #1

    How to Market a Small Business?

    Conduct marketing research. Through interviews, questionnaires, surveys and focus groups, analyze the market for your small business. Figure out what demographic group is most interested in your product or service, and focus your initial marketing and advertising efforts on that particular demographic. Also through market research, you will be able to figure out if your pricing model is feasible.
    Market your small business through word of mouth. The cheapest way to promote your business is word of mouth. Tell all your family and friends about your new business venture and encourage each of them to tell their friends. Hang up flyers at local establishments and give out business cards to everyone you know. Attend local events, charity functions and civic meetings to network with potential customers and fellow business people. Getting your name, your face and your business name out to as many people as possible is the best way to start marketing your new company.

  2. #2
    Before you can even get some ruturns on all the marketing tips you posted, you will have a large lag time.

    The key for a small business is enough money to survive the two first years without planning to make a cent. Now it depends on what kind of small business you run.

    I ran both online business and regular service business. The two have different techniques.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire







  3. The essence of marketing is to understand your customers' needs and develop a plan that surrounds those needs. Let's face it anyone that has a business has a desire to grow their business. The most effective way to grow and expand your business is by focusing on organic growth.

  4. #4
    I wouldn't think that many small businesses have the spare resources to be spending so much on marketing research (as you are advising them to do).

  5. #5
    Like mentioned above, this might be quite expensive for small businesses. I'm currently writing up an ebook I'm going to give away for free where I'll be writing up stuff on the longer-term to get yourself more clients, more revenue and much much more!
    |Nico Lawsons

  6. The essence of marketing is to understand your customers' needs and develop a plan that surrounds those needs. Let's face it anyone that has a business has a desire to grow their business. The most effective way to grow and expand your business is by focusing on organic growth.

  7. #7
    Write a press release on a new product or offering and send it to some free press release distribution sites.
    . Send the press release to your local media outlets, or any niche media outlets that may be interested in what you do.
    Update your google maping lists make sure the information is accurate, and then have them verify your ownership via mail or SMS message.
    Find a social media site that pertains to your niche, sign up, make a profile and participate. Don't start off trying to sell your product – you'll be tarred and feathered. Be a helpful part of the community first, mix in brand messages later.
    Join a forum and contribute to your online community. Use indirect messages for sales such as a forum signature or your forum user name.
    Check out your niche on Wikipedia, WikiTravel, and other wiki sites, and see if you can get a link. Don't be "salesy" or try to game the system; the editors will just delete the information. Instead, provide appropriate information and follow the rules for linking on the site.
    THERE AREMANY MORE IDEAS FOR IMPROVING YOUR BUSINESS.

  8. I want to start a new business, the given information is helpful to me.

  9. #9
    Quote Originally Posted by juanpawell View Post
    Conduct marketing research. Through interviews, questionnaires, surveys and focus groups, analyze the market for your small business. Figure out what demographic group is most interested in your product or service, and focus your initial marketing and advertising efforts on that particular demographic. Also through market research, you will be able to figure out if your pricing model is feasible.
    Market your small business through word of mouth. The cheapest way to promote your business is word of mouth. Tell all your family and friends about your new business venture and encourage each of them to tell their friends. Hang up flyers at local establishments and give out business cards to everyone you know. Attend local events, charity functions and civic meetings to network with potential customers and fellow business people. Getting your name, your face and your business name out to as many people as possible is the best way to start marketing your new company.
    The methodology seems to focus on business in general, but for an online business not all of it would be applicable so much and there would be more areas to cover i imagine.

  10. #10
    Marketing is not a one-time event, but an on-going process.The essence of marketing is to understand your customers needs and develop a plan that surrounds those needs.The essence of marketing is to understand your customers needs and develop a plan that surrounds those needs.

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