Wednesday, 10 March 2010
 
Marketing Matters
Your Year-End Measuring Stick

- 10 Questions That Will Lead You to More Success This Year

 

Now that the holidays are over, it is time to jump start the new year. It is an important time of year for business. Now is when you should be reviewing everything you've done over the past year so you can apply it to help you be more successful next year.

That means looking at your marketing and your products and services so you can determine what you're going to continue over the next year, and what you're going to lay to rest.

After all, running a successful business is a fluid process that requires you to constantly react and adjust to changing market conditions and customer demands.

In case you need a little help assessing the past year, here are 10 questions you can start with.

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How To Create The Ultimate Small Business Marketing System In 7 Simple Steps

 

Let me get right to the point. The single most powerful small business marketing tool on the planet is a marketing system.

But, when I talk about a marketing system I am not referring to those academic exercises found in college marketing books.

A marketing system by my way of thinking is a simple (in many cases one page) document that specifically answers who you are, what you do, who needs it, how you plan to grab them by the throat, when you plan to do it and how you plan to pay for it.in a way that everyone in your organization, network, and client base can clearly understand.

So, let's break it down into some simple steps.

1) Narrow Your Focus - create a description of your ideal client. Describe them as though they are sitting across the desk from your at this moment. Define only the market that you know needs what you offer and values what you have to offer. It is just as important to understand who you don't want as a client.

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How Can You Lure Consumers Into Loving Your Brand?


Our starting point is to be clear as to what we mean by "love for a brand". The love of a brand is more similar to the love of ice-cream than the love for a spouse. Love for a brand is actually a strong feeling of anticipation for something good, pleasant or beneficial that we believe with great certainty that we will get from the brand. It is the anticipation for good experiences, pleasant sensations or positive emotions. Consumers love the M&M chocolate candies, buying at IKEA, driving a BMW, using a Nokia telephone or searching for information in Google, exactly because of the focused and intensive anticipation which they enthusiastically describe as "love". But we, as professionals, need to understand what is behind the verbal descriptions of consumers, so that we will be able to stimulate such feelings. To stimulate anticipation for benefit is a more approachable task than to "stimulate love".

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The Power of Branding

A very famous proverb goes: What is in a name? A rose will still smell the same, even if it is called by another name!

However, with the advent of latest technology and changing trends, the time has come when we need to do some rethinking. Today, everything is online and virtual: virtual money, online business and so name or rather Branding is the most important facet for anything. Not just any business, but for any particular entity, branding is the key word. A brand is the identity of an entity. Just think of Marilyn Monroe and the first thing that comes in your mind is flying skirt. When we talk about online business, the brand identity is the foundation for building a relationship with your customer beyond product, distribution, pricing, or location of your business. It plays an integral part behind the success of any product. Brand is the relationship that secures future earnings by securing customer loyalty.

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Target Market and Segmentation

There is so much importance in your target market. Out of all the people within the area of your business there is a percentage of the whole that will be purchasing your products or requesting your services. Ensuring you know who these people are will help in your efforts to advertise to them and get your message across to them.

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