Small Business Marketing Advice
Are You Throwing Away Your Most Valuable Asset?
Here is some of the best marketing advice I can offer to small business owners. Make the most of your advertising and marketing dollars. Specifically, I’m referring to utilizing your existing customer base to its greatest potential, which can significantly reduce your marketing costs.
Three Ways to Increase Your Small Business Profits
1. You can increase the average dollar amount per sale.
2. You can increase the number of sales.
3. You can decrease your average marketing/advertising cost per sale.
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One of the best business marketing tips I can give small business owners is you need to create a brand for yourself so that you stand out from the crowd and rise above your competitors. It can even be something silly or outrageous as long as people automatically associate that particular item with your business. Start paying attention to the local advertisements on TV, radio or in print. I’m sure you’ll notice that certain businesses use a particular logo, jingle, color scheme, slogan or anything like that that helps create a brand. It could be your face on all the ads or anything else that’s recognizable that will brand your business.
As a small business owner, you are also a consumer, so you’ll be able to completely relate to how advertising your business affects consumers. Whether you are advertising at the current moment or not, you’re sending out messages to your prospects and customers about your company, some of which you may not want to be sending. It’s important to understand what your customers think of your business so when they talk about your company, they can send out positive messages that will help your company prosper. If you’re wondering, “Should I advertise my business?“, consider how it will make you look to your prospects for years to come.
Using the correct business online marketing strategy can help differentiate yourself from your competitors and help you maintain your market position, especially in the tough economic times we are experiencing.