Top 3 Principles of Marketing
The Top 3 Principles of Marketing
- KNOW YOUR AUDIENCE
- BUILD YOUR NETWORK
- ADVERTISE EFFICIENTLY
KNOW YOUR AUDIENCE
For any business to be successful, you must know who your audience is and what their specific needs may be prior to beginning your marketing efforts. Narrow down your key audience and focus on those products and/or services that will capture their attention. This is a good head start for any business strategy. Starting out too broad or starting with a niche that is highly competitive are frequent reasons that small businesses fail. Find your niche and exploit it! And furthermore, don’t try to sell your audience something that they are not interested in. You will come across as being a pushy salesman and you will lose credibility and trust with your audience immediately.
BUILD YOUR NETWORK
In order to build your network, begin with current contacts and expand upon those. Network with old friends and colleagues and build relationships through those with others. There are several ways to do this: attend local and national events, host an event yourself, and utilize internet web sites to build your current network such as facebook.com, myspace.com, etc. These sites are usually free to join and very helpful in building a network of contacts.
ADVERTISE EFFICIENTLY
Advertising is a key factor for any business. Without appropriate advertising, you are limiting your business potential. Depending on what type of business you have, you may want to advertise in local or national newspapers and magazines to target all audiences or travel to local areas and pass out flyers, business cards, etc. for more local prospects. Billboards are another option, but can be quite costly. Another, more economical avenue would be the internet to market your business. There are free web sites such as craigslist.org, backpage.com, local classified websites, etc. that can be a very effective tool. Whatever you choose, know what you want to advertise to get the most bank for your buck!



