When you started your business–think back, did you put up a tent and a hand-painted sign and wait for the customers to flock to you? Probably not. Every business plan should have a marketing strategy, but many do not. Owners think through location, build-out, signage, phone systems, compensation, and a host of other things that make a business successful. If you are a business owner, you know how much work it is to get everything working, and yet asking customers to come to you and telling them why often takes a backseat to all these other concerns.
Marketing is often the first expense to be cut. Please note that I said “expense” instead of “investment.” If your marketing is simply an expense–Cut it! If it is a clear plan working consistently on several levels that brings you business and builds your brand (Business reputation) then it is a true investment. It doesn’t matter is your business is brand new or has been around for generations. All businesses need marketing. All businesses need a marketing plan, especially one that reaches today’s participatory consumers.
The newspaper mentality has always been, you must be in the paper. Really? Not so! Today’s consumers have changed their media habits and advertising must change in order to reach your customers. Are there some that still read the paper, yes, but only some.
The same thing was true of Yellow Pages listings…You must be in the Yellow Pages! It’s a huge monthly investment, but consumers used to go there to look at your business, often overshadowed by your competitor’s ads stacked right together. Some people use the directories still, but the percentage is waning. Today’s directory is more likely to be Google or Bing–and it’s free to list there! True!
The point is, make your marketing count! It’s your money. It’s your business. It’s your reputation. You aren’t in business just to see if it might work for a few weeks. Invest some time with a marketer who understands what your vision for the business is. Invest a percentage of your gross toward advertising because it can become the life-blood of your business. (Another topic for another day.) Don’t overlook the impact your business can have from simple online platforms or shy away because you don’t understand it. A good full-service marketer will teach you the basics and do the rest for you. Know that your negotiation power has never been greater that it is in marketing right now. Online platforms can be purchased by geographic slices (Williamson County businesses can target Williamson County residents.) Working with online can be incredibly inexpensive and trackable. Tradional media is aware of online, but to date have not been able to tap online to deliver results. Traditional media is simply what we’ve always known: radio, television, billboard, newspaper. The new media is everything else that people interact with each and every day. At To the Hilt Marketing we call it “participatory media,” and there are hundreds of ways to market to both the traditional market and the participatory market. Managing your online presense and your mass media presense together will show your customers that you are a strong business with a vision for the future.
To schedule a consultation that will help you examine both just send us an email to: info@TotheHiltOnline.com