Before you can market, you
need to know who you are marketing to. Who is your customer?
How will you market? Will you cold call, mail, set appointments
or employ a walk in approach? Be careful with the walk in
approach as many businesses do not permit soliciting. You
might just want to drop off information and follow up with
a telephone call.
In order to determine who your market is look at your business
plan. How did you define your average customer? What was
your estimate of total market size? What territory did you
intend to service? You might want to make a table for the
following: Product/Service - list your product(s) or service(s).
If you offer a variety of models or types, list them separately.
This will more clearly define your market. The more specific
the answers to these questions, the easier it will be to
determine a marketing plan. What marketing techniques did
you delineate in your business plan? Are you using them,
and if so, how effectively?
One of the best ways to determine what works best is to
look at your competition.
What is your competition doing.? How are they marketing?
What services do they offer? How do their prices compare
to yours? Some of the ways to determine this information
is to talk to prospects who are now using your competitors
products or service. Ask them, "How can I offer and
deliver the same things my competitors do - or better?"
Obtain and study your competitors literature, for example,
promotional materials that outline price, what services
they offer, products they are selling, etc. Keep all the
materials obtained on your competition and update this information
on a quarterly basis. If there is a industry publication
that contains information on your competition, subscribe
and read it. You may be surprised to find stories that reveal
important information on your competition. Attend trade
shows, exhibits, and conferences for your industry. Read
the local papers and papers in the area your competition
is located. Ask your customers what they like and dislike
about your services or products.
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