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Entrepreneur SmartTips Guide Marketing Strategies
Entrepreneur SmartTips Guide Marketing Strategies
w
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T book
Hand
smart
tips
series
Marketing
smart strategies for
beginners guide to
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02
Three all-important
questions that impact positively on
your sales. pg 4
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04
05
06
Finding Allies
07
PUBLISHING CREDITS
publisher Andrew Honey managing editor Nicole Lombard copy editor Lesley Lambert art director Dineo Mokgoasi
Entrepreneur South Africa is published by Smart Business Solutions (Pty) Ltd.
arketing encompasses
everything you do or
say that customers and
prospects see or hear. That includes
the way your proposals look and
how theyre presented, your signs,
your voice-mail messages and
any traditional marketing that you
use. Marketing is made up of many
things all working together and
supporting each other.
The key to your marketing is
to choose the weapons that work
2 sm a rt tips series
i more
online
Need more
advice on
identifying
your niche?
Go to www.
askentrepreneur.
co.za to get
expert advice on
demand.
w w w. e n t r e pr e n eu r m ag. co. z a
low-cost or no-cost
initiatives
Different combinations of
marketing weapons work for
different businesses and different
people. Jay Conrad Levinson,
the father of guerrilla marketing,
states that his top 10 marketing
weapons are:
1. Marketing plan
2. Benefits list
3. Passion
4. Community involvement
5. Fusion marketing through
strategic alliances
6. Follow-up
7. Customer research
8. Online marketing
9. A designated guerrilla
marketer
10. Customer satisfaction
explore other options
Other successful marketers use
different combinations:
S
uccessful marketer A may use
direct mail, a recorded message,
classified ads, testimonials and
display ads.
S
uccessful marketer B might use
PR, networking referral strategies,
direct mail and fusion marketing.
S
uccessful marketer C might
use telemarketing, e-mail autoresponders, special offers and
phone call follow-up.
The key
to your
marketing
is to
choose the
weapons
that work
for you,
that are
applicable
to your
markets
and
customers,
and that
you can
afford
mentally
and
financially.
4 sm a rt tips series
Customers
who read
your ads
and
brochures
or take your
cold calls
have only
one question
in mind:
Whats in it
for me? No
marketing
message
can succeed
unless it
leads with
the benefits
that your
customers
can expect.
more
i online
direct
marketing tips
Visit www.
entrepreneurmag.co.za to
view articles
on how to
build quality,
segmented
customer
databases
and execute
on powerful,
targeted emails.
Consider
how, with
a simple
change of
packaging,
for example,
mainstream
food
products,
are sold
to ethnic
markets.
How can
your
company
apply this
type of
strategy
to attract
a more
targeted
customer?
w w w. e n t r e pr e n eu r m ag. co. z a
re you a consultant or
business owner looking for
the best way to build your
practice? You need to create a
programme that combines sales
and marketing to get the bottomline results you need.
Business consultants thrive
in all fields. Whether youre a
computer, wedding, nursing or
agricultural consultant, it takes a lot
more than a business card and an
accompanying brochure or website
to move your prospects through the
sales cycle. Here are three steps to
grow your practice:
Interpersonal relationships
are at the heart of a successful
company, and sales tactics and
techniques play as strong a role in
building your business practice as
marketing. Its essential to create a
unified group of collateral materials
that support the sales process and
establish your companys image
and marketing themes.
Think through your typical
contact sequence and list the types
Welltargeted
and
planned
marketing
efforts can
reduce the
need for
constant
sales
activity by
producing
leads and
moving
prospects
further
along in the
sales cycle.
Commit to an annual
campaign. Many consultants
8 sm a rt tips series
more
i info
ensure your
brand image
delivers
Learn from
the branding
experts at www.
entrepreneurmag.
co.za All the
advice you need
to launch a new,
or re-brand your
existing
corporate
image.
Marketing
without
implementation is like
trying to
score
profits
without
taking the
necessary
shots. And
implementation is one
of the
largest
challenges
businesses
face today.
Set up a System
A simple accountability system
can consist of a spreadsheet with
the following column headers:
date, action, details, cost, person
responsible, target completion
date, date completed and
resources required.
The heart of the implementation
of a marketing plan is the execution,
the actual doing of the planned
marketing activities. Initiatives
dont get completed by stating them
on paper they require action,
management and follow up.
Accountability is a good
marketing habit. Plans fail because
those responsible for getting things
done arent held accountable for
their assigned tasks. This includes
one-person, entrepreneurial
businesses. The leader or leaders of
sm a rt tips series 9
Implementing
Your Strategy
Remember:
If you have
effective
marketing
implementation and
your
competitor
doesnt,
you have a
competitive
advantage.
Successful marketing
implementation requires:
w w w. e n t r e pr e n eu r m ag. co. z a
If youre marketing to other business owners, you need to offer the seven things
they want most and learn how you can deliver them. By Kim Gordon
more
i info
low-cost, high
impact marketing
tactics
Log onto www.
entrepreneurmag.co.za for
expert advice
on how to plan
and execute
cost-effective
marketing
campaigns that
deliver.
Do-it-yourself solutions.
Time-strapped business owners
12 sm a rt tips series
to motivate
business
owners to
complete
sales, make
reliability
a central
component
of your
marketing
message;
dont
bury this
information
at the bottom
of your
marketing
materials
or website.
more
i info
sales advice
galore
Advice on sales
strategy and
techniques
at www.
entrepreneurmag.
co.za to help you
set and exceed
your revenue
targets.
sm a rt tips series 13
Forming
competitive
alliances
with other
businesses
like yours
can give you
the combined
spending
power you
need to
market
jointly.
w w w. e n t r e pr e n eu r m ag. co. z a
an alliance
with the
right
competitor
can allow
your
small
business
to come
on strong
and market
itself
as a safe,
more
powerful
solution.
Strength in numbers
In a competitive bid situation, marketing to a mid-level manager in a
major corporation can be tough for a
small business owner. Put yourself
in the prospects position; he or she
must make safe decisions in order
to protect their job.
So even when a small and
relatively unknown company
appears to provide the best
solutions, a corporate manager may
shy away from it and make a safer
choice by going with a larger or
better-known company. If you face
this challenge, forming an alliance
with the right competitor can allow
your small business to come on
strong and market itself as a safe,
more powerful solution.
sm a rt tips series 15
Adapt to Change.
If youre on
a limited
budget,
focus the
greatest
percentage
of your
marketing
budget on
maintaining
a strong
campaign
with those
closest to
the bullseye, and
fewer rands
on prospects
& customers
of lesser
financial
value to your
business.
healthier organics.
How have marketplace changes
affected your customers attitudes
toward what you sell? If youre
unsure, use meetings, phone calls,
surveys or informal roundtable
discussions with customers to get
inside their heads. Your survival
may depend on your ability to
adapt your marketing messages
immediately to fit customers newly
minted mind-set.
w w w. e n t r e pr e n eu r m ag. co. z a
Be Strategically Aggressive.
more
i online
direct
marketing
tips
Visit www.
entrepreneurmag.co.za to
view articles
on how to
build quality,
segmented
customer
databases
and execute
on powerful,
targeted
emails.