#9 Create A Marketing Plan – Start A Small Business Series…

Marketing is a key component in the success of every small business. Before you open the door to your new business, you need to build up your brand and get a following of customers ready to arrive when the doors to your business are open.

  • State your brand position for your target customers: Ultimately, your brand – and what it symbolizes for customers – is your strongest advantage. You should be able to write a simple declarative sentence of how you will meet customer needs and beat the competition. The best positioning statements focus on solving a problem for the customer in a way that promotes the best value.
  • Create a website: A website is digital proof that your business exists and is a great way to interact with customers. Your website can help establish your business, communicate your brand value proposition, and it can convey professionalism. It also extends your reach to anyone in the world and helps build trust.
  • Social media: Because every type of customer is on some type of platform (Facebook, Twitter or LinkedIn), social media is an essential part of businesses’ marketing plans. It is advisable for companies starting out in social media to get to know their customers and the platforms they use. Figure out where your customers are spending their time and set up shop on those platforms. The best social media platforms to utilize will depend on your target audience.
  • Customer relationship management (CRM): Everyone wants to grow their small business. But getting more customers, scaling operations, and building your bottom line all require investment in just the right areas. That’s why CRM software is so important for small businesses. CRM allows businesses both large and small to organize, automate, and synchronize every facet of customer interaction.
  • Logo: One of the goals of a catchy logo is simplicity. The color, typeface, design and other features very much matter and often appear similar to other logos. Most successful brands don’t have more than two colors in their design to keep from too much complexity. Your logo can help people easily identify your brand so be consistent in using it across all your platforms.

Your marketing strategy needs to focus on discovering a workable strategy and then building on that strategy to create an impactful advertising campaign. Today’s consumer wants to relate to a product or service in a meaningful way. Marketing strategies should focus on the target market and how better to create value for them.

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Constantly monitoring and adjusting a market plan is an important part of running a business as it shows what are the best and worst ways to generate sales. Without a successful marketing plan, a business may not be able to continue operating for very long.

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