Strategic Marketing for Entrepreneurs

Build a Marketing Plan

Draft a marketing plan based on techniques that are proven to work
Draft a marketing plan based on techniques that are proven to work | Source

Develop a Business Strategy

Small business owners are faced with many challenges which includes branding the company and its products and services, which can be done through the development a business strategy for marketing. Strategic marketing for entrepreneurs is always a tough thing to do because it can be costly to get started, however with a solid plan there are many ways a company can get the ball rolling without breaking the bank and reach their target customers. Start ups require utilizing different strategies than established businesses that have large budgets for marketing and a brand identity already, so for an business founder to overcome what they lack in terms of financial resources, they need to be flexible and well aware of the current trends in the industry.

By completing a competitive analysis and understanding the reasons that your product or service may stand out from the rest of the market provides an entrepreneur with the core information needed to develop a solid strategic marketing plan.The it needs to be implemented quickly otherwise can quickly go stale. Taking advantage of both traditional marketing techniques and online strategies that are comprised of both advertising mediums and engaging with the local community and online community through social media sites.

Traditional Marketing

Favorite Traditional Marketing Technique

  • Mail Promotional Informatio
  • Hand Out Promotional Flyer
  • Sales / Marketing Phone Calls
  • Radio Advertising
  • Newpaper / Local Classifieds
See results without voting

Traditional Marketing

Company branded pens, cups, and other items are cheap giveaways to customers and visitors that can spread the brand into the market
Company branded pens, cups, and other items are cheap giveaways to customers and visitors that can spread the brand into the market | Source
Billboard ads can work very well for region based marketing strategies to target local demographics
Billboard ads can work very well for region based marketing strategies to target local demographics | Source
A marketing brochure should be provided to your sales team to make sure they stay on point and are effective.
A marketing brochure should be provided to your sales team to make sure they stay on point and are effective. | Source

Traditional Marketing for Small Businesses

Creative, but affordable marketing for a business is possible and when done right can attract a lot of customers that will boost sales numbers without having to spend a lot on advertising. It is not always easy to come up with the right marketing strategies and content so talk with your friends and family and get others input before moving quickly with a marketing idea. Once you start printing your traditional marketing collateral if you find a mistake or decide to make a change you are losing resources that could have been better spent elsewhere, so take your time to like your marketing material prior to going to print, buying a sign or any other significant marketing expense. Advertising by ads or leaflets can be done in smaller sizes than the usual larger sizes so you can produce more ads for the same cost. Often targeting local or regional papers or newsletters specifically associated to a niche related to your market can be lower cost than larger city papers or a large presence in the yellow pages phone book. Having your advertising methods simple and personal with letters thanking them for your business also keeps your customers coming back for more products.

Marketing calls for creating name recognition and progressive sales along the way. Although your business may be small for now to gain name recognition, it isn’t small for progressive sales. To achieve such sales, it is essential that your business advertising showcases offers that paves the way for potential customers. There would be situations wherein customers would rather pay for a lower price than purchasing quality products. Having an array of packages or offers, aside from your premium product, offered at a lower price will definitely attract these customers right away. Premium products tempts those customers who would rather pay for a higher price to purchase quality products and to keep these customers it would be suggested that these products be made available individually or in a premium package for a higher price but saving money than having the products purchased individually.

Working with another small business that provides another compatible service to your companies offering can be beneficial to your business and you would be helping the other business too. You can offer the other business services in turn that the other business offers your products as well, reaching out to their customers. These types of business to business relationships can help a small business owner build a close ecosystem of partners to gain traction in a local area. Joining a local chamber of commerce or other local business organization and attending business networking events can provide you the ability to meet others that may help you grow your business.

It is always essential to give extra care for your current customers providing them special services such as discounts exclusively for them or inform them about your new products before you launch it to the public. Current customers keep coming back to you and they provide more business than from those who never purchased from you. There would even be chances that they would be talking about you with friends and relatives who never tried your products, giving you an edge with publicity and you can offer referral incentives for those current customers.

With all the possible marketing tools a business can use to bring their service or product out to the public, it is how you manage your marketing that creates more future sales.

Online Marketing

What is your most successful online marketing resource?

  • Google Adwords
  • Facebook Ads
  • Twitter Posts
  • Email Marketing Campaign
  • Other Social Media Sites
See results without voting

Online Marketing for Entrepreneurs

Online Marketing for Small Businesses

Businesses have an edge with marketing through the internet, with many potential customers browsing the internet everyday. But for those who are new to the virtual world of business, it is important that you broadcast your business by setting up websites about your business and placing ads for more exposure. Marketing for such businesses can be achieved in many ways and sometimes for free with the help of many websites that offer their site to post ads or business tools for free in return that you use their name and link in your business website.  Coming up with creative online deals for your product or service can sometimes drive unique brand awareness that can leverage social media channels when your customers begin talking about your deal to their friends online.

Possible ways of marketing your business online would require you to have email addresses of your current customers and referrals. Businesses can request their customers to sign up for their newsletters so they can receive updates or special offers via email. Creating surveys, joining social/business networking sites, customer reviews, business blogs and email blasts and SEO are tools that can make your business known online. Many entrepreneurs have found incorporating Google Adwords for targeted searches for niche products or Facebook Advertising to match a specific target demographic as a key component in a strategic marketing plan especially if your product or service is targeted at a large region or global in nature.

However, strategy is important with online businesses and must also be taken seriously and tested before giving up or moving to another. Internet users notice ad campaigns on the internet if it is updated, catchy, visible and usually found on top of the list after searching for a certain product or service on yahoo and google.

Marketing is ultimately cheaper, efficient and convenient through the internet so businesses wouldn’t need to spend much money and time to do so.

Help with Strategic Marketing for Entrepreneurs and Small Business Owners

Guerrilla Marketing, 4th edition: Easy and Inexpensive Strategies for Making Big Profits from Your SmallBusiness
Guerrilla Marketing, 4th edition: Easy and Inexpensive Strategies for Making Big Profits from Your SmallBusiness

The ultimate guide to guerrilla tactics small business marketing is perfect for the first time business owner that needs a crash course in marketing to make effective business decisions.

 
Small Business Marketing: A Guide for Survival Growth and Success
Small Business Marketing: A Guide for Survival Growth and Success

Details the successful strategies that a small business executive can take in order to find new customers.

 
The Ultimate Marketing Plan: Target Your Audience! Get Out Your Message! Build Your Brand!
The Ultimate Marketing Plan: Target Your Audience! Get Out Your Message! Build Your Brand!

How to write a marketing plan in simple and easy to follow steps for entrepreneurs.

 

Cohesive Strategic Marketing Plan Between Traditional and Online

Businesses can attract potential customers and boost their sales growth by applying both traditional and online marketing to their strategy. A sound strategic marketing plan will incorporate both and will develop a cohesive message for potential customers whether they are exposed to your brand through a traditional sales call or mailed letter or through a promotional tweet on twitter or a google adsense search ad online.

For a fact, not everyone has a computer or internet access, not everyone enjoys browsing the web and at the same time not everyone likes the endless handouts of flyers, print ads and so on. By using both options, businesses can gain a stronger business presence and entice customers on both ends. When a customer drops by the shop and purchases, it would be convenient that the business gets that customers information for newsletters to be emailed or mailed to a physical address. Add a personalized ‘Thank you for your business’ note with a special discount for coming back to shop will surely get that customer to come back. With referrals from current customers, the business can use email campaigns to notify referrals about the business and also offer certain discounts. So many advertising strategies can be accomplished with the various marketing tools the internet can provide. While small businesses tend to be on a budget limit, online marketing itself is very convenient and cheaper creating a single ad that can be seen by thousands of internet users again and again, unlike printing of hundreds of ads that some may throw away, forget and may not even reach the desired number of possible customers. There are also ways to engage with social media sites like twitter to interact with you community of customers and provide them discounts that is entirely free to use besides the time it takes to make a occasional posts and encourage your customers to follow you.

But before taking the leap into a large marketing campaign, entrepreneurs should research and test a strategic marketing plan they intend to use bearing in mind the limit of their marketing budget. Performing surveys to learn which marketing strategy has been delivering more customers or which one doesn't so adjustments can be made. Moreover, it is important that businesses use target marketing to be able to reach more possible sales, which again is why the online model is so enticing for an entrepreneur on a budget that still wants to control the marketing focus as much as possible.

Implement Your Marketing Strategy

More by this Author

  • How to Fish Jerkbaits
    2

    Learning how to fish jerkbaits is a skill every avid bass fisherman should have for the winter and spring seasons. The fish can be sluggish in cooler water and a jerkbait produces reaction strikes.

  • Small Business Failure
    31

    Small Businesses Fail for a large variety of reasons. These are some of the reasons that a small business owner may end up giving up the business. It is always best to develop a strong company foundation to support...

  • List of Mobile App Builder to Create Apps WYSIWYG
    5

    Building a mobile application by yourself is possible with the "what you see is what you get" mobile app creator tools that are available. Whether you want to make an app for your business, blog, or even just...


Comments 26 comments

Dannie 5 years ago

Great strategic marketing tips to help your business grow!


arcy 5 years ago

I agree with that more business entrepreneur well become more succeed in the future with the helps of this marketing tips.


rcamoro profile image

rcamoro 5 years ago from Phil

Follow this important strategies, stick to it, you can never go wrong!


edmondccastro 5 years ago

Thanks for the brilliant tip! I got some useful techniques. I wish I can learn more.


richwin831 profile image

richwin831 5 years ago from Pagadian City, Philippines

I like their strageties. Thank you for posting this.


wimbly22 5 years ago

Great strategic marketing tips. Thank you!


adrian9177 5 years ago

this tips can boost my business. thank you so much..looking forward for more great tips


gekbel 5 years ago

Great strategic marketing tips. This would help them to be more successful and to strengthen their company. Thanks for sharing.


hazellluch 5 years ago

i learned a lot from this article. Thanks for posting!


jans26 profile image

jans26 5 years ago from New Zealand

Brilliant and useful article for entrepreneurs.


nicolekitch 5 years ago

I just wanted to really thank you for the fantastic posts.

I just wish I had the same talent and then I would be super rich!!!


cococlick 5 years ago

thanks for this tips! it will my business enhance!


cococlick 5 years ago

thanks for this tips! it will my business enhance!


mayanne23 profile image

mayanne23 5 years ago

brilliant strategies! this article would help a lot.


dennise_toledo 5 years ago

Awesome. Very brilliant business strategy.


dennise_toledo 5 years ago

Awesome application. It will make business transaction easier and faster.


dennise_toledo 5 years ago

Very helpful strategy for my business.


shopled 5 years ago

Useful tips for marketing strategy. Now I know how to run a business.


edilynloreno profile image

edilynloreno 5 years ago

Great article for Strategic Marketing for Entrepreneurs!!!more Post...


reynm 5 years ago

Great! Nice article!


mooky9 profile image

mooky9 5 years ago from Manila

Helpful tips!


marie_iyakin 5 years ago

Great ideas! This would really be a big help.


iamjewel1925 profile image

iamjewel1925 5 years ago

Your marketing strategy will reflect your business so make sure you have the best ones. Thanks for these tips!


chamquin 5 years ago

'how you manage your marketing that creates more future sales' keep it in mind.


jheiyah profile image

jheiyah 5 years ago

A solid strategic marketing plan can guide a new business owner into crafting a solid marketing campaign


chloverel 5 years ago

Just follow this strategy and tips to success business.. good advises

    Sign in or sign up and post using a HubPages Network account.

    0 of 8192 characters used
    Post Comment

    No HTML is allowed in comments, but URLs will be hyperlinked. Comments are not for promoting your articles or other sites.


    Click to Rate This Article
    working