If you pay attention, you’ll notice a quiet revolution happening in the world of marketing. Mobile is quickly becoming the go-to channel for a variety of strategies designed to reach your customer. If you’re not using mobile yet, you will soon be. Here are 7 trends to take notice of to start developing a strategy to add mobile to your marketing mix in 2018. Mobile Video It’s been predicted that… Read More »7 Mobile Marketing Trends 2018
With the scramble on to get ready for the biggest shopping season of the year, local retailers are understandably looking for ways to stand out. If you want to make sure your local business cashes in big this holiday, it’s time to get your holiday sales and marketing strategy going fast. Try a few these marketing ideas: Participate in Community Events As a local retailer, you’re competing not just with… Read More »Local Retailers Can Win Big This Holiday Season
To be able to grow any business, you have to market the product or service to a particular target audience. Without narrowing your focus to a specific customer, you miss the opportunity to be viewed as a specialist or worse spend marketing dollars trying to reach a huge audience and not make much of an impression. To really connect or engage a loyal customer base, you must have a specific… Read More »Identify Target Market
I’ve always had a keen interest in helping small, diverse and disadvantaged businesses. I’ve found that when given the opportunity to compete in a fair and transparent environment, these companies are very successful at winning new business when going “head-to-head” with larger organizations. And it makes sense that they would. Their very makeup allows them to be much more entrepreneurial and responsive to customer needs. A few years back, I… Read More »Small Business Create Highly Engaged Organization
How can you tell if your company is succeeding? Usually by looking at operating metrics like sales, revenues, and profit margin and then comparing these figures to your annual projections, historical numbers, or competitors in the same industry. But what metrics can you use to determine your company’s success in the long term? One of the most useful calculations is the company’s customer lifetime value or CLV. As the term… Read More »Understanding Customer Lifetime Value
Marketing spending is an organization’s total expenditure on marketing activities. This typically includes advertising and non-price promotion. It sometimes includes sales force spending and may also include price promotions. In a survey of nearly 200 senior marketing managers, 52 percent responded that they found the “marketing spending” metric very useful.To predict how selling costs change with sales, a firm must distinguish between fixed selling costs and variable selling costs. Recognizing… Read More »Marketing spending
Product-based business costs are generally higher than service-based business costs. Product-based businesses need ingredients/components, packaging, workspace, product photos; service-based businesses do not. Product-based businesses are generally more heavily regulated than service-based businesses. Shipping, returns, etc., add expenses that service-based businesses do not generally have. Generally, can get services to market faster than can get physical products to market, so speed to market is a differentiator. HOW DO I KNOW WHETHER I… Read More »Grow a Product-Based Brand
As one of the biggest producers of black entrepreneurs, what’s one of the biggest challenges that your clients face? Figure out where the time is going now! Try tracking your time for a week. You can use an app, a spreadsheet, or a notebook. Without knowing where the time goes, it’s hard to know if you’re changing the right things. Maybe something you think is a problem isn’t.… Read More »6 Principles Happy Entrepreneur
Are you or your company going into strategic partnerships with another company? Entering into a partnership will allow you to reap numerous benefits without having to make large investments such as in acquisitions. But this only works if both companies are willing to share the burdens of the partnership. Advantages of entering into this kind of partnership are to leverage marketing, supply chain, technology, financial resources, or some combination thereof. Such an agreement might exist between… Read More »Small Business Partnerships Fail!
Marketing your own business can be time consuming and costly. As a business owner you have limited time with often a tight budget. Fortunately, you don’t have to spend thousands of dollars to execute a marketing plan. Below are seven low-cost ways to market your company without forfeiting quality. Social Media The three main social platforms you can use to promote your social media for free are Twitter, Facebook, and… Read More »7 Low-Cost Ways Market Company