» small business marketing

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When I talk with clients about thinking strategically about their marketing, we sit down and talk very specifically about how their product or service solves a problem or frustration.  Let’s face it, for everything we are out there selling, the prospect has to perceive they have some kind of problem that needs solving.

We run into plenty of sales pitches everyday—from the ads on TV or the radio to the annoying guy at the networking event that’s pitching to everyone there.  If I’m not experiencing some kind of pain or frustration, I’m not interested.

always listen first alf acronym 300x222 Listen Carefully… Your Clients Are Telling You How To Market To Them

Take the time to ask your clients some key questions to help you out.

What is Relevant To Your Prospects?

And this is the kind of thinking we need to be focused on to really understand our ideal client.  We want to be able to talk about the problems that your product or service solves because that’s what is relevant to your prospects.  Most organizations don’t say “we need new accounting software.”  Instead, they say things like, “I’m not sure our cost of goods sold is accurate” or “These manual tasks are costing us too much in labor.”

If you can identify the frustrations, that will give you a more relevant story to tell.  And storytelling helps sell.  Think about the stories that your clients are telling you and take those stories and work them into your marketing.  Talk about the problems that you solve by telling real-life stories.  And tell the story so that your prospect understands what they get, not what you do.

It’s All About Timing and The Triggers

Now, let’s take that one step further.  So, let’s say what you’re talking about resonates with me a little.  I get your drift, but right now, the pain is bearable.  I don’t even feel it that much, so I’m not going to put much energy into it yet, never mind spend any money on it.  And this is important.

Now you can figure out what the timing triggers really are. What causes them to decide when to collect more information and what causes them to pull the trigger to buy?  Understanding how much pain they’re willing to endure is important because this helps to identify your ideal client even more specifically and the choice of wording they use is what you might consider using in your marketing communication materials.

Listening is a skill that is critical to master.  Yet, if we listen carefully, our best clients are telling us how to market to them.  Take the time to ask your clients some key questions to help you out.  We’ll share those questions in Part 2 of this post next week.

Until then… practice listening.

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small business saturday  Small Business Saturday

 

This coming Saturday, November 26th is Small Business Saturday. Click here for more information.

We’ve got Black Friday and Cyber Monday to celebrate and kick off the holiday shopping season for the big box stores and online outlets, so Small Business Saturday was created to help us focus on shopping locally and pumping some additional money into the local economy.

This year, my family and I have decided that on Saturday, we will only visit local small businesses to show our support.  We’ll shop local small businesses and we’ll eat at a locally owned independent restaurant.

Where will you stop on Small Business Saturday?

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business services2 150x150 Time & Money, It Takes Both to Market a Small Business

Marketing take a commitment of both time and money.

Regardless of what you’re up to, there’s a certain amount of time and money required if it’s worth doing at all.  Some people think that you can just throw money at it, and that will solve the problem.  And others think that if you put enough time into something you should be able to reap the rewards.

Marketing your business, however, requires a commitment to both.  If you put no time into it, it isn’t likely to produce much in terms of results because there was no real connection on your part.  Without taking the time to plan out your strategy, determine who it is that you work best with and uncover what it is that they need to know about you, you’re probably wasting any money you’re spending on marketing your business.

If you commit time only, without any money, your results are also likely to be somewhat dismal because you’ll still have limited reach.  It takes money to join various professional groups and associations and to attend conferences,  and educational and networking events.  It takes money to reach a more specific audience, but it’s money well spent when you’re speaking to those that actually value what you do.

And don’t forget about the opportunity cost of your time.  If you charge $150 an hour for your services, and you spend several hours on activity that has limited reach or benefit, that hourly fee you’ve forgone needs to be figured into your budget.

It takes time and money to reach the quality people you want to reach.  Even if you’re talking about a networking event, it takes time to go to the event and it takes money to get in to the event.  Frequently, a higher price ticket means a better quality audience to connect with.  Regardless, the point is that you have to look at your investment in both time and money.

You can always make more money, but time will forever be limited.  Is it time for you to sit down and look at your marketing investment?

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