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Along with your business plan, your small business marketing plan is one of the most important long-term plans you’ll make for your small business. Some small business owners choose to ignore that advice, instead preferring to fly by the seat of their pants, so to speak, to “wing it.” While some of those small business owners are successful, they’re not nearly as successful as they could be had they laid out a well-defined small business marketing plan. Brandt Stohr advises business owners to create a well laid out marketing plan

Small business marketing strategy step 1: Know your market

The first step Brandt Stohr advises in developing a successful small business marketing strategy is to make sure that you have a really solid handle on your target market. Ask yourself: Who are my customers? Once you’ve identified who they are, ask yourself: What are my customers’ problems? What are their dreams and aspirations? The surest way to answer those questions, of course, is to ask your customers themselves. Even if you can’t afford to hire a small business marketing firm that will conduct focus group tests for you, you can do your own simple survey by hitting the streets and talking to those people you plan to sell to (and make contacts at the same time!). You’d be surprised how powerful that simple task is yet how few businesses do it. Brandt Stohr advises to find a starving market first and then feed it!

Small business marketing strategy step 2: Know yourself

The second step in developing your small business marketing strategy is to get to know yourself (your business), once you’ve gotten to know your customers. Ask yourself: What does my business do? How is my business different than my competitors’? How does my business help solve my customers’ problems or help them achieve their dreams? Brandt Stohr advises answering these questions will help you to define your unique selling proposition – those aspects that set you apart from your competitors.

That unique selling proposition should become your brand – your business’s identity. Your brand is what will pervade all of your marketing materials and what your customers will use to identify you. Brandt Stohr advises his clients on the importance of diligently developing your brand as part of a successful small business marketing strategy can’t be overstated.

Small business marketing strategy step 3: Analyze your competitors’ small business marketing strategies

Once you’ve developed your brand – that unique identity that tells your customers who you are and how you’re different – you can begin thinking about how you’re going to actually market your business. First, look at your competitors’ small business marketing strategies. Are there obvious gaps that you could fill (and thereby stand out among the competition)? For example, if you see that none of your competitors have websites, you could stand out with a small business marketing strategy online.

Wherever you market your business, it must be where your customers are. For example, small business marketing online will be a waste if none of your potential customers use the Internet. Likewise, you may think that writing a monthly column in your local newspaper would be a great way to advertise your services and establish yourself as an expert; but if none of your potential customers read that paper, that small business marketing strategy will fail. Brandt Stohr teaches his clients to get to completely know your clients lifestyles, hobbies, habits, attitudes intimately.

At this point, your small business marketing strategy will not only be defined by where your customers are and what your competitors are doing, but it will also depend on your small business marketing budget. A full-page spread in a national magazine may be the best way to reach your target audience, but if you can’t afford to shell out tens of thousands of dollars, it’s not the small business marketing strategy for you.

Wherever your small business marketing plan takes you, the careful development of your small business marketing strategy – by knowing your market, knowing your business, and analyzing your competitors’ strategies – will be a critical determinant of your long-term business success.

There are two kinds of entrepreneurs. First, there is the entrepreneur that is commonly associated with the noun; this person is the start-up business expert. They are the ones that take dirt and make a castle out of it. However, there is another type of entrepreneur and he or she comes in the form of a corporate business starter. That means that he or she has an expertise in growing and starting up different sections within a corporation. For any company, having an effective entrepreneurial thinker can prove to be an immense asset.

Despite the platform that these entrepreneurs utilize to make money, they are all similar in personality and nature. Conversely, the process is a little different when it comes to being an entrepreneur in a corporation. The upsides and downsides of starting up a project also vary. Here are a few benefits and setbacks that the corporate entrepreneur sees upon starting up a new division within an established entity:

Pros:

The Corporate Entrepreneur Has More Resources Readily Available 
The thing that many start-ups lack is, of course, money, capital, whatever you want to call it. In the majority of cases, when starting a business within a business, a corporate entrepreneur has a lot more monetary resources available to him or her.

The Corporate Entrepreneur Has A Website Set-up 
For many entrepreneurs, the website is a big expense. Also, many website development companies will tend to take advantage of their clients; they take advantage in a major way. The small start-up clients, not having the time to study other alternatives, become easy prey for those selling unnecessary services such as website hosting, search engine optimization, PPC as well as a slew of other ineffective, costly marketing add-ons.

This is a huge advantage for the corporate entrepreneur as dealing with these individuals can be tiresome and costly with no return on investment in site.

The Corporate Entrepreneur Has Name Recognition 
Anyone, large or small business, will tell you just how important name recognition is in any industry. For the corporate business starter, this is fed to them on a platter that, if utilized correctly, can be an advantage which typically takes others years of hard work to successfully acquire.

The Corporate Entrepreneur Has A Sales Force 
In conjunction with the aforementioned name recognition that will lead to sales right off the bat (a.k.a. a quick ramp-up period), the corporate business starter will have a team of business development professionals to add to their already sitting arsenal. This means all types of outbound business calls going around the clock. Additionally, the more senior sales force will probably have contacts within targeted companies thus shortening the sales cycle for the new initiative. On a third note, the corporate entrepreneur will usually have sales support, a luxury the small start-up cannot afford nor provide for their clients. This is a huge selling point.

Cons:

The Corporate Entrepreneur Typically Has Only So Much Time 
Prior to starting any new business initiative, the company entrepreneur has to present a solid, compelling business plan to the CEO and possibly some other heads of the company. This means that the corporate entrepreneur has to ask for resources that could be put towards business models that are already working, thus persuading a group to have those monetary and personnel resources diverted to their business plan.

When this happens, and money doesn’t come in right away, the investors (business heads of the organization in this case) get jittery. When corporate heads get jittery, money begins to get pulled from the new business initiative. At this phase in the game, the entrepreneur will begin to feel a lot of pressure which could lead to the entire plan blowing up. After this, the employee will probably never get a chance at an endeavor such as this again.

The Corporate Entrepreneur Can Be Quickly Fired 
When an employee steps forward within an organization and heavily pitches a business idea that fails, the CFO is very likely to make a case to get that individual out of the company, quickly. When this happens, the entrepreneur has to find a new job and, upon interviewing explain as to the reasons why he or she could not execute. To say the least, this could be quite embarrassing.

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Wishing you a successful marketing campaign with NOC.

A Boadu

What is email marketing?

Basically, in plain English, email marketing is a targeted mass mailing done via email. The purpose of email marketing could be advertising in order to recruit new clients, introducing a new set of products or services to an existing client base, keeping your clients informed by means of a newsletter, etc. All of the before mentioned activities are very legitimate business efforts, as long as you respect some unwritten rules and as long as the list of emails you use is what is called ‘targeted’, in other words the names came from a database generated by your marketing division and represents your existing client base, a carefully selected list of potential prospects or a list of people who opted in to receive your messages.

If instead of the above you use a list that you bought (you know, “25 million guaranteed AOL email addresses for only 19.95 – plus shipping”), or are doing it without warning the people on your list, or using other shady methods, then you are considered a spammer and what you are sending is spam, bulk mail, unsolicited email, basically, the main enemy of all things virtue and life in general. Yes folks, it is that easy to be labeled as a spammer, and very hard to get out of it.
Once your message is considered unsolicited, you will immediately be put on zillions of black lists, side by side with those who promise inches and inches of extra extremities and hours and hours of ecstatic pleasures (for only 3 easy payments and some handling fees).

Sound pretty risky, so why bother?

Obviously, opt-in email advertising is far more cost effective than direct marketing via regular mail, door-to-door sales, or telemarketing. Paper, printing, envelopes, and postage can add up quickly. Door to door sales require paying out commissions. Telemarketing results in high long distance bills, often without great results, as people become more and more blood thirsty toward the people on the other end of the so called cold call.

So why not just use my personal email or my company’s mail server and some mailing software?

In the early days of email marketing. They would gather all their emails into some primitive version of a spreadsheet, fire up some mail merging program, hook it up to their corporate mail system and voila, thousands of emails were flying away.

Today, the scenario is certainly possible, but let me tell you in a simple set of scenarios what can happen:

One of the many not-for-profit groups that decided to police the internet will intercept that a large number of emails were generated and sent by a server near you (yep, they can do that). In order to protect the civilized world from those who spread spam, viruses and other vermin, they will put you on a list of threats to humanity. Those other nice corporate folks who were your indented recipients, have an IT department that gets constantly yelled at by angry users who get emails with naked people. Well – Mel, their IT guy decides to put up an anti-spam system that links to that not-for-profit’s database of known spammers (oh yeah, did I mention you are now a ‘known spammer’?) and block your emails. Your emails might actually be blocked so well that your company will have a real trouble communicating via email and your IT folks will all go nuts and/or get fired.

Basically, not so good. Other things that can happen are: you’ll have to build some opt-in / opt-out system, in some states there are laws that require that you make it very easy for your audience to unsubscribe, you’ll have a hard time formatting your emails in a decent, eye pleasing way, etc.

Lastly, the process of sending thousands of emails and managing lists, subscribing and unsubscribing people is tedious and just plain annoying. The only way to do it is with a maximum degree of automation, or, the better solution – to outsource to a company that does it professionally.

Folks, I am known for promoting the “do it in house” concept, and am not that big on outsourcing. But when it comes to mass mailing… I say stay away from it and let the professionals do what they do.

If you are worried about cost, know that the fee you pay for email marketing services, will still cost less than the continued overhead and expenses of the traditional options, not to mention the great possibilities of reaching a much larger audience, much faster (practically instantly).

What to look for in an email marketing company?

1. Automating Your Subscribe and Unsubscribe Requests

Many email marketing companies will provide you with exact HTML code you need to paste to your site to have a subscription form on your web site. The better services also provide a link at the bottom of each email that enables subscribers to update their information or unsubscribe from a list, automating everything for you.

2. Personalization of Emails

Another powerful feature of many email marketing services is the ability to use mail merge capabilities to personalize each email that you send. The better services allow to have custom fields, additional to the standard first name and last name.

3. Bounceback email handling

Bouncebacks are emails that are sent to email accounts that no longer exist or are full, blocked, etc. Essentially, you’ll get a response stating that your message did not make it. All email list management software programs are able to manage subscribe and unsubscribe requests and send out messages, however without integrated bounceback email handling all the non-deliverable emails will be sent back to you, a rather big nuisance if your list is large. Ideally, the email software you use will be able to manage your bouncebacks for you. Whenever a bounceback is received, the software makes a note of the address and if another bounceback is received the email address will be sent to a list of dead addresses.

This remove capability is extremely important since if you continuously send out emails with many bouncebacks you may be blacklisted as a spammer. This is something you really want to avoid at all cost.

4. HTML email

The ability to send out HTML emails has been around for quite some time. Most email marketing companies support the ability to send out messages that include graphics and formatted text. This is surely something you’ll want to look for.

However, not all of your users have the ability to view email messages in HTML format. This percentage is usually between 10-20%. Instead of seeing your aesthetically pleasing email they might see a string of meaningless code. Using most email list management programs, these 10-20% of users will open up emails from you and be very inclined to call you a spammer.

To avoid this, look for companies that use multi-part MIME to send out messages. When you send an HTML email in multi-part MIME, users who do not have the ability to view HTML messages will receive the email in the usual text format.