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Night 2 Next Level series in Batesville, AR by the ASU Small Business and Technol

Night 2 Next Level series in Batesville, AR by the ASU Small Business and Technol

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  • Purpose – is it to get people to visit your website or store? Send for your free video? Call your toll-free number? Emphasize here the main benefit you offer to motivate people to take action. This benefit is also a competitive advantage that you offer. This sentence will describe your target audience (s). You may have more than one target. Don’t limit yourself. With several targets to aim at, you will have a better chance of hitting a bull’s-eye. McDonalds targets adults, mothers and kids. The marketing weapons sentence will be the longest sentence in your plan. The longer the better. Your niche is what you stand for. Is it quality, economy, selections? Your niche must shine through all your marketing materials. Your identity should be based on truth and honesty. It is your company’s personality and should reflect who you really are. Your budget is usually stated as a percentage of your projected gross sales. However, we are focusing on tactics you can use without investing any money. Activity: Split attendees into groups. Give each group a business (video store, florist, landscaper, dry cleaner, beauty/barber shop, clothing store, convenience store, family-owned restaurant, donut shop, 60-unit motel, bed & breakfast, etc..) Each group will take the business and list the guerrilla marketing weapons they think will work well for that business using the 133 plus list in their booklet.

Night 2 Next Level marketing Night 2 Next Level marketing Presentation Transcript

  • Arkansas State University Small Business and Technology Development Center
  •  ALL of the contact that anyone in your company has with anyone outside your company Marketing is NOT Advertising Marketing IS Motivation
  •  Complicated A Miracle Worker A Stage for Humor
  •  Helping Customers Achieve THEIR Goals A Process Not An Event Process of Building Lasting Relationships Repetition Focus on impact of the message rather than volume. Obsessed with benefits. Understand positioning and niches markets.
  • 1. Segmenting Your Market2. Know Your other Story Tellers3. Develop Target Groups4. Information Channels5. Target Needs/Wants6. Craft a Compelling Message7. Analyze Results8. Time Management Business Advantage: Marketing Your Business
  •  Be Customer Oriented NOT Self Focused People Care About Themselves (not you) Focus on Giving Not Taking
  •  Customers Make Most Purchase Decisions in their Unconscious Mind Repetition is Critical Right-Brained vs. Left-Brained
  •  Features – Characteristics that physically describe your product or service.  Benefits – Describes how the product or service will help the customer solve his/her problem.*REMEMBER—It’s the benefits that will sell the product, not the feature Business Advantage: Marketing Your Business
  •  TO SAVE  TO REDUCE ◦ Money ◦ Expenses ◦ Time ◦ Taxes ◦ Effort ◦ Liabilities ◦ Resurces ◦ Trouble TO INCREASE  TO IMPROVE ◦ Income ◦ Productivity ◦ Investment ◦ Confidence ◦ Future ◦ Appearance ◦ Personal relationships ◦ Peace of mindUnderstand the REAL MOTIVATION!
  •  Branded “Look” Be Consistent Your Location On the Phone On the Web
  •  Don’t Start by Focusing on the Sale Create Soft Steps to Purchase Begin by Focusing on Consent to Hear from You ◦ Offer Free Information ◦ Most Will Say “No” ◦ Cherish Those Who Say “Yes” Helps Build Relationships
  •  Your Most Valuable Asset Hold a Contest Ask for Referrals Don’t Abuse It
  •  What is a Call to Action? ◦ Subscribe ◦ Buy Now ◦ Go to Our Web Site Make it Obvious
  •  Understand WHY Customers Should Do Business with You Develop Your Follow Up Process ◦ Start with Your Current Customers Build a Customer Database You Can Use Look for Ways to Create Added Value Evaluate Your Attention to Detail ◦ Identify Problems and Opportunities for Improvement ◦ Fix Them Use and Refine Your Elevator Pitch Build Consent from New Prospects Identify Ways to Make Technology Work for You
  •  What product or service will you offer? List the features that are different or better than your competitor’s. What are the benefits of this product?Your benefits should be better than your competition, if not, how will you compel consumers to switch. Business Advantage: Marketing Your Business
  •  Who wants/needs what you are offering? Factors to consider—age, sex, income, race, musical taste, etc. Market is never “everyone.” Test your product/service using focus groups, on-line surveys, etc. Turn the results into a one- or two- sentence benefits statement.
  •  Geographics – ◦ Location, size of area, density, Demographics ◦ Age, gender, income, education, etc. Psychographics ◦ Lifestyle, rate of use, repetition of need, benefits Behaviors ◦ Need for fulfillment, level of knowledge, information sources, attitude,
  • BOTTOM LINE: KNOW YOUR CUSTOMERS WHO ARE THEY? WHERE ARE THEY? WHAT DO THEY NEED? HOW DO THEY MAKE BUYING DECISIONS? WHERE DO THEY BUY? HOW DO YOU REACH THEM WITH YOUR MESSAGE?
  •  Who is your competition? (List) ◦ Direct Competition ◦ Indirect Competition How do Customers Choose? ◦ Price or billing rates ◦ Reputation or image ◦ Visibility? Are brand names important
  •  Describe each of your main competitors by ◦ Size ◦ Market Share ◦ Comparative product quality ◦ Their apparent target market ◦ Availability of capital and resources ◦ Their marketing strategy
  •  Strengths and Weaknesses Compared to Yours Consider: ◦ Service ◦ Pricing ◦ Reputation ◦ Management ◦ Financial position ◦ Brand Awareness ◦ Technology ◦ Other that is important in your industry WHAT SEEMS TO BE THEIR STRATEGY?
  •  Fusion Partners What are they?
  •  Message and Channels Social Media Revolution 2012