Archive for April, 2010

April 29th, 2010

Small Business Marketing and the US Census: Economic Trends, Market Research and More

What would you say if I told you there were an online tool that could provide detailed information about the size of your market including trends in your industry and other important information concerning the economy as a whole?
What if I told you that this tool could help take the hit-and-miss out of small business marketing?
And what if I told you it was free?
The US Census site – www. census. gov – is all that and more. That’s why it’s such an essential data destination for market researchers, entrepreneurs, government agencies and anyone who needs accurate information about social and economic trends in the US. The economic portion of the site offers a wide variety of reports – usually in the form of a downloadable . pdf document – covering topics ranging from basic economic indicators to employment statistics and more.
There is, of course, one major drawback to US census data, and that’s how often it’s collected. There are areas of the website’s economic data still based on the 2002 Economic Census, and even the economic indicators updated on a monthly basis do so based on information obtained two months previous.
Even so, there are numerous ways that US Census economic data can be essential to making informed small business marketing decisions, and having a sense of the scope of resources available will get you started in putting that data to work for you.
Does the number of households with children in your county, region or state make a difference in terms of the size of your potential market? How about the number of retirees, or individuals representing a certain minority group? If so, you’ll want to check out the People & Households section of the website which also contains important information concerning household incomes.
These numbers could help to influence how much of your marketing budget you dedicate to reaching certain sectors of your target demographic, and where, geographically, you choose to concentrate your advertising dollars. It may also help you determine baselines for products and pricing.
If your target market is tied to a certain business or industry – the housing market, for example, or the entertainment industry – you’ll want to explore the Business & Industry section of the US Census website. This is where you’ll find general economic indicators for major areas of the economy, as well as more specific information through the North American Industry Classification System (NAICS. ) This type of industry-specific info is also good for surveying exactly how your own business is doing relative to your industry as whole.
There are a number of different ways to use the information available through the Business & Industry section. If you’re wondering, for example, what types of online businesses and e-commerce websites are making the most money – and what areas of online sales appear to be growing the quickest – you might go to the E-Stats section. If your market includes small business owners, you might gain some useful information from the Survey of Business Owners. And, if the local economy is important to the growth and development of your business, the section marked County Business Patterns, under the heading of Economic Indicators, is a great place to start.
By taking US Census information into account, you’ll be able to “look before you leap” when it comes to major business decisions, and develop key strategies to keep pace in a changing world.
For more information about how to put US Census data to work for your business, visit http://www. census. gov/epcd/ec02/uses. htm.

April 27th, 2010

Basic Small Business Marketing Principles

What is marketing?Marketing is defined in many different ways according to who you ask, but all responses usually are part of the same answer: marketing is a combination of all of the activities you implement or participate in which help promote, brand, and sell you product, service, or business. Why is marketing important?Many small business owners feel sales is the most vital part of their business. Sales are very important, but your brand, image, and, ultimately, marketing determines your customer loyalty and growth of your business. Marketing establishes the basis for your sales strategy and how you will close sales. What does marketing cost?Small business owners are confronted ever day with sales pitches for various costly marketing activities. Most small business owners see marketing as an expensive business component they just can’t afford. This is not true. In fact, small businesses can’t afford to overlook marketing, and it doesn’t have to drain the bank account either. One of the best forms of marketing that is very affordable is a consistent and professional image. Elegant business cards, matching letterhead, and an informative and effective website are just a few pieces of a small business’ tool box that can do much more than a high-dollar advertising campaign. How do small business owners create a consistent and professional image?The first thing a company will create is a name. There are many steps before this point, but this is the first product. Next, comes a unique logo that conveys the right image. Once the marketing package has these two pieces, consistency becomes the primary focus. Small business owners usually put off the rest of the basic building blocks until they can put it off no more. At that point, professionalism and consistency goes out the window in favor of a quick answer. The right way to approach this issue is to prepare on the front end. Following the name and logo stage, the small business owner must push on. Create the right business card, elegant letterhead, useful brochure, and quality website. By creating all of these things at the point in the start-up process, all of the basic components of your marketing become consistent, professional, and effective from the start.

April 25th, 2010

How Virtual Assistants Can Amplify Your Business Marketing

Perhaps you’ve got a small business and it’s been thriving with your own marketing and research efforts. But if you want to boost your business marketing, consider the services of a virtual assistant. Virtual assistants who’ve been trained and experienced in marketing research and business marketing — particularly through the Internet — can be invaluable to growing your business. It would take time for you to learn and do everything yourself, time that you could put to better use by focusing on the aspects of your business that you enjoy and are an expert at. For example, not everyone is adept at using Web 2. 0 for business marketing. Besides, it can eat up a lot of your time every day. Wouldn’t you rather use that time to develop your business in other ways or even relax and enjoy your family?Here are a few marketing and research tasks that a virtual assistant can perform for you:* Promote your business in social networking sites, a very time-consuming task* Produce a podcast which will expand your business’ web presence* Look at competitors’ websites and report on what they’re doing – so you can analyze what your competitors’ approaches and come up with strategies to outdo them* Find information you need to grow your business, such as identify affiliate programs that are relevant to your business and could increase your market reach* Look for websites or blogs relevant to your business where it might be profitable for you to advertise your products or servicesCould you do all this yourself and still live the life you want? Probably not. Yet these things could take your business to the next level and ultimately increase your income. You should certainly be familiar with these processes in order to effectively hire and supervise somebody to do them for you. However, you don’t have to do them yourself. Let a virtual assistant declutter your mind of the minute but essential details of business marketing and research. Then you can focus on work that have greater impact on your business, such as monitoring and evaluating your marketing efforts and those of your competitors, formulating strategies, and mapping out growth directions. .

April 23rd, 2010

How You Can Boost Your Profits With Business-To-Business Marketing Online

Business to business marketing online Internet style. This is not a new marketing technique. In fact, the design of having two or even more businesses help to endorse one another products and services is a tried and true method that has provided profitable results for most entities involved. Knowledgeable business owners and webmasters recognize the enormous value brought to their company by business-to-business marketing. Marketing online offers another dimension with enormous reach that will allow businesses to continue their networking efforts in the virtual and viral world that the Internet provides.
Lets say for example that a brick and mortar company like a dog grooming business will benefit and gain customers from displaying advertisements at the local veterinarian offices. Dog owners, who trust these veterinarians are more likely to take their pets for a professional grooming to a business recommended by an already trusted establishment, like their local vet. On the other hand, the clients of the dog grooming business will be most likely those who need a veterinarian for their pets, and they will most likely trust the vet suggested by the professional grooming business who already has an reputable relationship with them. The same concept applies to business-to-business marketing; The Internet simply adds a new aspect to this method.
If the local pet grooming business and the veterinarian both have a website it will permit for further business-to-business marketing, Internet style. Since the services provided by the pet grooming business and veterinarian only tangentially overlap, they are not in direct competition with one another, but instead will be able to do business-to-business marketing online in the truest sense of the term.
These businesses could then continue with this business-to-business marketing method with other related businesses. For example the Pet grooming business could establish a relationship with pet magazines, animal shelters and other groups that are not in direct competition with each other.
This form of business-to-business marketing has become commonplace online and savvy webmasters and business owners have been taking advantage of this viral marketing method in many different forms. Website owners will cross promote each other’s products, services and business opportunities to each others subscribers lists in an email marketing campaign. Or just place ads on each other’s websites.
Finding these business-to-business marketing opportunities are not as hard as you would think. Perhaps you are starting a new website promoting your own type of network marketing opportunity and need a professionally designed website. The design company you hire to design your website could benefit from new people you recruit into your new business. Just as you could benefit from people looking for website design that need a business to promote on their new website.
So now you have your new network marketing website designed and need to add content to it. You then hire a ghost writer, establish a relationship and before you know it they are sending you prospects and you in turn send them back to first the website design company and then to the ghost writer. All of related but non-competing businesses start benefiting from the viral nature of business-to-business marketing online. Next you need your site optimized for the search engines, OK, OK, I’ll stop now, but you get the picture right?
These are highly viral and lucrative methods that all involved can benefit from. The next time that you do business with another business remember to look for the business-to-business marketing opportunity.

April 23rd, 2010

Small Business Marketing: – Enjoy Clear Direction & Peace of Mind

 
The return on investment for the engagement of MJH Group for Small business marketing is based on the following;
Business Growth

• Increased sales and profit from effective strategy and campaign outcomes


Marketing Strategy
• The insight and direction provided by our strategic recommendations
• Provision of a documented strategic marketing plan which acts as the blue print for the successful marketing of your business
• Allowing you to proceed with confidence
• A planned and structured approach to marketing success


Campaign Outcomes
• Effective communication of your brand and offer
• Generate awareness in the market to achieve
• New customer acquisition
• A greater share of wallet from existing customers
• Increased sales and business growth


Commercialisation
• Assess the viability of new products or services
• Develop and implement strategies for the introduction or relaunch of products and services to provide commercial success


Direct Bottom Line Savings
• Direct Bottom Line Savings due to effective marketing management
• Measuring the ROI of promotions and campaigns to determine effectiveness
• Customer focus reducing the risk of ineffective promotion or campaigns
• Redirection of marketing investment into areas with the greatest return


Effective Brand Management
• Long term business growth through the ongoing and positive development of your brand in the marketplace


Effective Positioning
• Identifying the positioning strategy and building a strong market position to insulate against competition and the threat of new entrants
• Maintaining the desired position of your business in the market place


Communication
• Effective communication via regular meetings and easy to follow project plans to ensure you are kept informed and up to date on the progress of activities throughout the life of the program


Peace of Mind
• Experienced marketing professionals providing peace of mind that the marketing program is taken care of: you have one less thing to worry about
• MJH Group is transparent in our selection of clients to ensure no conflict of interest during engagements
• A marketing resource dedicated to the growth and development of your business.

For more details visit our site:
http://www. marketinganswers. com. au/