Saturday 27 October 2012

How to market a small business?

Marketing forms the crucial aspect of any type of business. Now, if your business is small then you need to have classic marketing strategies to publicize it. It all depends on the domain your business operates in, the amount of marketing revenue you can spend and your target consumer.

Let’s imagine your business is all about providing some different types of raw material required for the shipping business. The cost of your entire business is around $10000 and you typically supply raw materials based on demand. The shipping sector operates mainly in the coastal areas. The primary mode of marketing to this sector is through word of mouth publicity and advertisement through newspapers. Now internet marketing is just an overhead. If you know your audience and your mission is to only operate in a specific area then you really don’t need web marketing. Do you?

What you can do though is to publicise yourself by more manual means. Get an advertisement of yourself on some popular local newspapers. Keep on doing it for 4-5 weeks and make sure that it always appears in the middle section of the newspaper. It would be great if you keep your inflow of ads on the weekends. That’s when typically people will catch hold you. Make sure that you create rapport with highly influential people in your area. This will do wonders. You need a sound political support if you need to grow in a small business in a very concentrated region.

While I just said that web marketing is not for you. You might need to validate the same. Now it all depends on the consumer that you are targeting. Imagine that your consumer has great web presence. In this scenario, you would need to be intelligent enough to create a wave of web marketing for your own business as well. But make sure that you don’t spend like anything for the heck of getting a business and run out of cash.

The idea is to slowly and cautiously use the web marketing channel. It’s not really suitable for all small businesses. Build your customer relationship first. Without a powerful bond with your users you will never succeed in a small business. Web marketing must take the least priority.

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