Posts belonging to Category 'Business Marketing'

Easily Find Investors and Financing For Your Business, Guaranteed!

Easily Find And Secure: Angel Investors, Private Investors, Institutional Investors And More! Raising capital for a start-up, corporation in expansion mode or a company in virtually any position presents it’s challenges and roadblocks. There has been no period in recent history that can simulate the difficulties that current entrepreneurs and executives are having when trying to achieve the procurement of venture capital. The standards have become more stringent and the cross-collateralization of personal and corporate assets as security for loans has virtually become a mandatory prerequisite for any type of funding, equity or loan based.


When initiating the process of raising capital one should take into consideration the use of a combination of funding options such as but not limited to: traditional venture capital, bank institutional, institutional equity investment, hedge fund lenders, private money lending, angel equity and loan investment, a private placement memorandum as the mechanism for raising capital distributed in shares, international equity based funding, the reality of taking your small business public on the OTCBB and many other concepts of capital raising that can be placed into a simultaneous strategy.

It’s a common mistake among entrepreneurs and executives to place all of their attention and time into one singular aspect of the above funding concepts. Instead, you should pick a multi pronged approach and go after multiple genres of financing for your business. Some avenues will yield success, some will not but you are more likely to achieve incremental funding successes as oppose to one gargantuan, be all and end all finance victory.

To achieve funding you’ll need to be able to contact multiple finance sources to start the ball rolling. Find online membership database sites that are owned and operated by professionals in the venture capital industry.

There is a big difference between a generalized database of possible lenders and a strategic database of success driven finance solutions. Find the most cutting edge, full range database on the web and join them.

Do You Need Financing For Your Business? Do You Need Angel Investors, Private Investors or Venture Capital, then visit Angel Funding Project’s site and find the best Business Funding Sources In The Industry.

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Does Multi Level Marketing Really Work?

Many people who spend their time signing up for affiliate offers and then seeing no swift earnings frequently begin to feel as if any MLM company is just a scam that may never help them gain fiscal success. Although it is right that there are some trick operations out there, the reality is that there are really quite a few MLM opportunities that may help you build a profit to store away or give up your real job from, actually you will have already tried a few.


The difficulty is that affiliate marketing opportunities take a giant time investment to get off the ground. Most will not pay out significantly at first and many take a massive amount of time to truly get to the point where you can nicely retire early.

However, simply because you do not witness the results or the million that you want right away doesn’t mean that you must give up, because when you do you’re selling yourself short on an opportunity that might make you a millionaire. If you are working with what seem to be valid MLM companies on the internet there is a good chance that the issue has to do with your resolution and not the company.

Marketing isn’t for the weak, and affiliate marketing is definitely not for those that are scared to get out there and network and socialise with others both on and off the net world. In order to truly begin to make a dent in the world of promoting you have to be ready to place yourself out there and network with everybody and anything that you can because the more connections that you make the more money you will earn.

The reality is that MLM is based entirely on how much you are willing to put into it, and although it’d be nice it’ll never be an income based job. So, if you want to start making a reasonable salary from your work you must be putting in a reasonable amount of effort. If you’re not seeing the profits you want, then it’s time to stop and guage your own work and not the company.

J David Moffitt is a Marketing Coach since several years. He provides valuable coacting about how to run a networking business.

Marketing demographics

The Marketing Plan -  Define your business :

  • Your product or service
  • Your geographic marketing area, neighbourhood, regional or national
  • Your competition
  • How you differ from the competition
  • What makes you unique
  • Your price
  • The competition’s promotional methods
  • Your promotion methods
  • Your distribution methods or business location



Target Marketing:

For smaller businesses, the 2 methods used to segment a market usually are:

Geographical segmentation -

This Specialise in serving the needs of customers in a particular geographical location or neighbourhood. E.g. a local convenient store on a housing estate.

Customer segmentation –

This identifies the people who are most likely to buy your goods or service and targeting those groups through the most suitable advertising means available.

Customer analysis:

Who are my customers and my potential customers? (age, male/female, single/married)

* Where do they live? (which cities, counties, countries)

* What kind of people are they? (high earner or pensioner A, B, C1, C2, D, E), athletic, businessman)

* Can they and will they buy?

* How often do they buy my product?

* Am I offering the products they want at the best location, the best time and in the right volumes?

* Do my prices match the customers perception of the product’s value?

* Are my promotional campaigns working?

* What do customers think of the business?

Define your customers habits :

* How your customers learn about your product or service advertising, direct mail, word of mouth, Yellow Pages.

* Patterns or habits your customers and potential customers share where they shop, what they read, watch, listen to

* Qualities your customers value most about your product – e.g. convenience, service, reliability, availability, price, location

* Qualities your customers like least about your product and how can this be rectified?

* Prospective customers who are not aware of your business

Type of Market Segment -  Shared Group Characteristics :

Demographic Segment

Measurable statistics such as age, income, occupation, etc. For Example: Women business owners between 25 and 55 who earn more than £30k form a demographic segment.

Psycho-graphic Segment

Lifestyle preferences such as music fans, people living in a city.

Use-based Segment

Frequency of usage for the product/market e.g travelling, recreational drinking, visiting the cinema etc.

Benefit Segment

Desire for the same benefits e.g. luxury, saving, efficiency, comfort eating, etc. E.g. People who drive compact cars due to their fuel efficiency and environmental benefits form a benefit segment.

Geographic Segment

Location such as home address, business address, etc.

Competitor Analysis :

Business takes place in a highly competitive environment and understanding the competition is crucial:

  • Who are the five biggest competitors in the market?
  • Who are your five nearest competitors?
  • Who are your indirect competitors?
  • Is their business growing, stable or declining?
  • What can you learn from their operations and their advertising?
  • What are their strengths and weaknesses?
  • How do they differ from your business?
  • Review their promotional materials, sales promotions and pricing strategies.
  • How does the business compare with competitors?
  • Who, where and what are your competitors?

(yellow pages is a good start, Where are they going wrong? , What stage is the market at? (infantcy,mature,extinct)?

Where are your suppliers?

  • Local
  • National
  • International

The location of your suppliers could have implications regarding shipping costs if they are not local to you, as well as delivery times (you will need to re-order stock earlier if they are not relatively local, since you will have to allow for transportation time).

Overseas suppliers (if they are outside the EU) may also have import customs & duty implications on top of the costs you are already aware of).

Marketing

Market Research:

What stage of development is the market? (mature, infancy, obsolete?) – different market stages allow different size businesses to start up, i.e. in a new market, lots of small businesses are created and get bought out as the industry develops, whereas in a mature market (such as banking), monopolies prevail and start ups are extremely hard – what stage is your target market at?


How to start your Market Research:

Successful marketing requires accurate market information at the relevant time.  Market research can show up trends affecting sales and profitability.

Population movements, legal developments in the country and industry, along with the local economic situation should be closely monitored to identify opportunities and threats to your business.

Your weaknesses will include competitor activity – this should be closely watched since changes here (i.e. price cuts, mass expansion in the area etc) can severely impact upon your success.

Market research reports:

such as Mintel, Keynote and others will provide a good starting point when you analyse the market you are looking to step into.

Areas to consider in order to achieve this include:

1. price – be more cost effective/competitive

2. product knowledge – sell your expertise

3. customer service (need I say more!)

4. location – who else is offering your product/service in a 40 mile radius?

5. demand – is there a demand for your product/idea?

Marketing Strategy:

A marketing strategy should show the customer groups your particular business can offer a better service than your competitors. This may be down to price, distribution or location, promotional opportunities you have identified, or the way your business differentiates and serves those market segments. Ideally, it should emphasise unmet customer needs and offering potential profitability. It should help your business focus on the target market you are most suited to.
Target Marketing:

For smaller businesses, the 2 methods used to segment a market usually are:

Geographical segmentation -  This Specialise in serving the needs of customers in a particular geographical location or neighbourhood. E.g. a local convenient store on a housing estate.

Customer segmentation – This identifies the people who are most likely to buy your goods or service and targeting those groups through the most suitable advertising means available.

Every marketing program contains four key components:

Products and Services :

This could include concentrating on a narrow and targeted product line, providing a product containing unusually high quality of service  or developing a very niche product or service.

Promotion :

These strategies include advertising and direct response from potential customers. Use all available methods to gain exposure of your company where possible. Good salesman are essential for small businesses because of the limited funds available for advertising. Good phone directory listings and Yellow pages advertising is important. Direct mail is an effective, low-cost medium available to small business – this can be used to target geographically and by demographic type – e.g. you are providing a loan referrals to banks for customers aged 18 – 30 who are C1 C2 D and E, these can be found geographically in areas around Universities etc as well as by finding which counties or cities in the country are less wealthy on average than others….

Distribution :

If you are manufacturing your product, working through established distributors or manufacturer’s agents is usually the easiest means for small manufacturers.  Small retailers should consider cost and traffic flow when choosing a location, especially since advertising and the cost of rent can be reciprocal: A low-cost, low-traffic premises usually means spending more on advertising to build a presence and customers. The nature of the product or service should also determine location decisions. If purchases are usually based largely on impulse, then high volume of people and a prominent location are critical to your success. If customers are willing to go out of their way to find a supplier of niche products, then location isn’t such a big deal. The recent availability of highly segmented email and direct mail lists, has opened many market enabled certain small businesses to operate from any location and serve national or international markets.

Price :

Selling at the price is crucial for maximising your total revenue. In general, higher prices mean lower sales volume and vice-versa; however, small businesses can often command higher prices because of their personalised service and because the niche market only has select customers who will pay whatever price to buy these goods.

Once you have chosen and implemented a marketing program, you must evaluate its performance. Comparing anticipated performance standards with actual results. Researching your industry norms should help provide a benchmark.

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