5 Most Important Marketing Tips for Startups or Young Entrepreneurs.

Discussion in 'Articles & Tutorials' started by Shivam, May 30, 2013.

  1. Shivam

    Shivam
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    1.Assume a budget of zero
    So you may not have a marketing degree, a marketing department or a marketing budget. Great! This means that you can start from the best possible place in terms of thinking lean and maximising the return from any spend you do undertake. Even if you do have a marketing budget, why not give yourself three months to work on the “zero budget” plan and see how much you can achieve for no cost. Establish yourself on social media with a Facebook page and Twitter presence and start sharing content and networking. Embrace the centuries old barter system and see if you can swap services or products with your new business neighbours or contacts. Offer rewards or discounts to any customers who refers a friend or for repeat purchases. Remember the old saying that your mother probably taught you, it costs nothing to be nice.Treat every paying customer for what they are; someone who is helping you progress your business. Appreciate their business, show them fantastic customer service and a friendly manner and let the word of mouth do the rest. Word of mouth is the biggest form of zero cost advertising and managed well it can be what really sets you up in the early months and years, especially in the digital world we now live in where word travels even further, faster.

    2. ABC – Always Be Closing
    The oldest sales technique in the world is known as ABC – Always Be Closing. This technique has been handed down from generation to generation of sales reps and it’s the first thing every new young, inexperienced sales rep learns on their first day on the job. In essence, it means being always switched on, asking for the sale, looking for the opportunity or creating the need.The ABC principle can also be applied to marketing strategy. ABC -Always Be Converting. Always be converting means you too should be always on, looking for your next customer, next sale, next person through the door or onto your website. And how you do this is by converting them from a passive consumer of your message into an actively engaged state. Every single piece of communication that your company produces and every interaction you have with your target audience and potential customers should be converting them into a paying customer. Every advert should promote your website or phone number, your shop window should have your website/phone number/opening hours clearly displayed.

    3. Look after your star salesperson – your website
    Your website is your hardest working sales person, the only member of your team who works 24 hours a day, 7 days a week. Your website is your shop front and is busy providing information on your company long after the shutters have been pulled down for the day. You need to remember that your website is your window to the world and it needs to represent your brand and reflect the tone of voice, design and look of your offline business so ensure consistency of service.
    Pay per click (PPC) advertising is cost effective and measurable and is also a great tool for targeting the low hanging fruit i.e. the people who are actually searching for information on products or services that you can provide. You can assign a daily budget, no matter how small, and you only pay when someone clicks on your ad and visits your website so there is a guaranteed result from the spend. Google offer a step by step guide to to help you set up an adwords account with them, find out more here.
    Learn the basics such as how to measure site analytics so you can measure the traffic and visits to your site and report on it over time so you can measure seasonality and busy periods. Make sure to keep content updated and fresh, especially references to pricing or stock lists and seasonality.
    Many small businesses adopt the strategy of developing a Facebook business page as their company website while they are in start-up mode as they may not yet have the resources or budget to develop a fully functioning website. This is a low cost option and can work really well but you need to remember to stay active and involved. Update your content, respond promptly to queries, thank customers for feedback and use images to promote your products/stock/offers.

    4. Reward customer loyalty
    Customer relationship management (CRM) is a marketing strategy that has been around for decades and is one which big organisations use very successfully to better understand their customers’ needs and behaviours in order to give them what they want. Advances in technology have made CRM systems even easier to use and more affordable and can really provide endless amounts of data. To bring it back to basics for a small business, the basic ethos of CRM is all about knowing and understanding your customers.From the minute you start your business, you should have a customer loyalty programme in place. In its most basic form, this can take the shape of a coffee shop offering a loyalty card which gets stamped with every coffee you buy, buy six and get the seventh free. This principle should apply to every business, giving something back for a big order or repeat business is a way of showing your customers how much you appreciate their business and justifies why they should come back to you instead of a competitor next time (and there are many competitors out there who will take your customers business only too willingly). Everyone loves getting something for nothing, whether it’s a discount or a free coffee or an upgrade and it will make your customers feel good about spending their money with you.

    5. Collaborate with your customers
    A good idea is always a good idea, even if it isn’t your own. A successful business person will always jump at a good idea and make it happen. This is why it’s so important to listen to your customers and really listen to what they are saying. There is no point having feedback forms or score cards if you have no intentions to ever act on the feedback. That’s why it’s also important to be hands on if you are running a small business, being present during the busy times and being there shoulder to shoulder with your staff and customers on the shop floor so that you can meet and greet and ask for feedback.
    It’s also really important to have a complaints policy, no matter how small your business. You are never going to have 100% of your customers 100% happy 100% of the time so you need to be able to respond quickly and effectively to any complaint and surprise and delight them with your response. This means you can turn the situation right around and they leave with a higher level of satisfaction and a greater respect for you as the business owner/manager for caring about their custom and wanting to keep them as a customer.
     
  2. jeff123

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    Good points mentioned in there

    Trial and error is must

    there are 100 of marketing technique which can be tried but the one which converts will be from trial and error
     
  3. adamcalvert

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    thanks for sharing these points. its realy informative.
    Have any others points to analysing and planning for the markering. And identify the positions of markets about diffrent businesses?
     
  4. Shivam

    Shivam
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    yes i agree with you jeff. I started as a business developer recently with my firm and soon realised that CRM is the best and fastest way of making money and expanding business. You dont need SEO anymore then. People themselves do SEO part on their behalf by telling about your services to others. Thus gaining popularity.
     
  5. Shivam

    Shivam
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    Well i would like to add on a point that may prove real turner in business profit and that is online marketing methods like posting adds on popular websites with relevant traffic according to business need. What all you think?
     
  6. henna

    henna
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    You've shared some of good points. Hope that helps!!
     
  7. yapsody

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    Great Tips !! It will be helpful for start ups like us !!
     
  8. alecgregory

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    Great Post! I agree with most points raised... I just have to give a warning on Number 2 -ABC. Try not to sound to be an annoying salesperson who is always ending a statement with "buy now". Pretty much, everything will workout just fine.
     
  9. carloborja

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    Love these tips.

    Another important aspect that should be integrated in all of these is the significance of constant learning.

    They say that the moment you stop learning, you stop living. The same goes true for marketing. You have to constantly learn or else you will be left behind in this rapidly evolving industry.
     
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  10. TimeRider

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    Nice tips there Shivam. They are probably worth it and handy! :) I like point number 4; "Reward customer loyalty" as we all know without customers there can be no successful business.
     
  11. nijushrestha

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    Really nice tips for the fresher person in the business. I belive your these tips will definetly help to get sucess sucess in business as your tips focese in the customer satisfaction and customer are king in the business.
     

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