Marketing Information

Focus...a Marketing Strategy


The secret to increasing sales doesn't lie in choosing just the right marketing tactic for each of your businesses. The real problem that's experienced by many entrepreneurs--a damaging lack of focus.


Plenty of entrepreneurs make this dangerous mistake. They try to market more than one business at once, or they tackle too many targets for a single business. Suddenly, they discover that their time and budgets are fragmented beyond their ability to produce positive results. The solution is to get--and stay--focused. This single alteration can actually reduce your marketing costs and increase sales.


The trouble with trying to market several businesses at once is that you end up with many different target audiences--each requiring its own set of sales and marketing tactics. To reach them, your sales tactics may include creating an in-house prospect list, making cold calls to set up appointments and handling one-on-one meetings with prospects.


Instead of trying to gain small profits from a variety of individual ventures, for best results, the key is to pick one of your businesses (preferably the most profitable and enjoyable) and focus all your marketing energies in that direction.


I inevitably get calls from business owners who say, " I have the greatest product on earth. Anyone can use it--kids, parents, businesses." And then I'm forced to reply, "Do you have unlimited funds to launch this product? Can you start off with $10 million, or how about $20 million or more?" Because no one can market to everyone. The cost would be astronomical. Even the world's largest companies, with seemingly unlimited marketing funds, typically focus their efforts on a single type of product or service for individual niche markets. And the actual campaign messages they employ differ depending on the hot buttons for each niche.


As an entrepreneur who has limited time and money to waste chasing after unqualified prospects, it's vital to narrowly focus on your best, most profitable target audience groups. This will reduce your media costs--since you won't be advertising to reach marginal groups--and free up the time you would otherwise lose meeting with low-quality prospects.


For entrepreneurs who operate several businesses at once, choosing just one can seem like an overwhelming task. The secret lies in following both your head and your heart. Start by examining the business potential and the corresponding costs of each of your ideas. For example, consider which business has the greatest chance for success based on your ability to fund and manage the operation. Then, review the ideas that look best on paper and decide which you feel most passionate about.

When you're passionate about what you do, it shines through to customers--and can make all the difference between lackluster sales and a stunning success.

Ann Marie Rubertone owner of Check It Out, author of "The One Page Marketing Plan" and "13 Household Items You Can Use To Market Your Business" tips for marketing on a shoestring budget that can make the difference between success and failure. Check It Out is a customer-driven marketing firm providing design, writing, editing, desktop publishing services, and hands-on marketing workshops for independent professionals and small businesses. For more information, contact Check It Out (772) 335-0073, www.checkitoutinc.com cio@adelphia.net


MORE RESOURCES:

The ROI of Marketing Events: How to Get the Most from Your Marketing Budget
TechRepublic
If getting more high-quality leads from your marketing events spend is a top priority, then it pays to know the return on investment of your marketing ...

and more »


Reuters

Burger King's Marketing Plan Bad For Diversity?
The Atlanta Post
According to the New York Times, The King's plans are in response to new marketing trends suggesting that young consumers, one of BK's target markets, ...
Under New Owner, Burger King May Spend More on MarketingAdAge.com (subscription)
Business digest: Marketing firm earns four state awardsThe News-Press

all 1,679 news articles »


Kansas City Star

Tim Allen to be voice of crucial GM ads
Detroit Free Press
Chevrolet has lacked marketing consistency for about a year. The brand's marketing turmoil started last summer, when the brand began publicly looking to ...
Tim Allen is new voice of ChevroletOne News Page
Chevy Cruze ads get BuzzDetroit Free Press
Movie Star, Car Buff Tim Allen New Voice for ChevyWard's Auto (subscription)
The Detroit News
all 281 news articles »


Martinton: Stirling elected chairman of corn marketing board
Kankakee Daily Journal
Scott Stirling, of rural Martinton, has a pretty unusual background for someone just elected chairman of the Illinois Corn Marketing Board, ...
Business: CornBelters a hit for agKankakee Daily Journal

all 3 news articles »


San Francisco Chronicle (blog)

Sex tape snafu causes lost Reebok marketing deal for Patriots' Brandon Spikes
USA Today
Terry Watson, the agent for the rookie from Florida, confirmed to the Boston Globe that Reebok had yanked an offer for a marketing deal. ...
Reebok yanks offer to Brandon SpikesBoston Globe

all 169 news articles »



Wicked Samsung Galaxy Tab advert gives Apple's marketing machine a run for its ...
Geek.com
The Galaxy Tab slate is finally a reality. A new advert Samsung created to push the device into mainstream gives Apple's iPad commercials a run for their ...

and more »


Web ads that follow you are the latest marketing technique
Denver Post
"It is a pretty clever marketing tool. But it's a little creepy, especially if you don't know what's going on." People have grown accustomed to being ...
Web advertisers track consumers from site to siteMemphis Commercial Appeal

all 2 news articles »


Kansas City Star

Symantec's “Hack Is Wack,” And Cybersecurity's Most Embarassing Marketing ...
Forbes (blog)
This is just sad,” ”#nortonantivirusstillsucks” and ”sounds like a clueless government marketing dept from 1982 made up that slogan.” Forgive Symantec. ...
Symantec Can Blame Apple For Snoop DogForbes (blog)

all 378 news articles »


Google News

home | site map
© 2006