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You are here:   Home > Small Business & Home Based Income Magazine Articles > SBHBI Back Issue Collection > Issue 01 - J-A-S - V1N1 - 1998

Marketing Your Business .


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Marketing Your Business .
by Lance Spicer | Page Views: 1873 |
Published: 01/07/1998 | Updated: 01/07/1998 |


Marketing and promo tion is critical to all businesses regardless of whether they have just started up or they have been running for many years. Without marketing, nobody will no about your service or products and therefore you won't make any money. So marketing is vital and should be one of your priorities when establishing your own business.

Planning

Planning is the first step in establishing a marketing and sales promotion campaign. Look at your service or products as objectively as you can and answer these questions (tick one or more answers and also ask some of your friends to answer the questions as they can be far more objective than yourself):

1) If you wanted to buy your service or products, where would you begin looking?

• Yellow Pages

• At the local shopping centre Daily Newspapers

• Local newspaper

• Subject specific magazines or publications Trade outlets

• Junk Mail Television and Radio

2) If you were going to buy your service or product, what would prompt you to buy?

• Price

• Quality

• The ability to purchase a wide range of services or products in one place

• Service

Uniqueness of the product or service

• Convenience

3) Is your product or service essential to daily life?

What I mean is if a recession hits, will your sales remain constant or increase? (A donut shop is not essential, but a tyre outlet is. People can live without donuts but they can't get to work without tyres.)

• Absolutely essential

• Moderately essential

• Useful, but there are alternatives

• A luxury that is generally an impulse buy

4) Who is most likely to use my service or products?

• Children

• Men

• Women

• Families

• The handyman

• Trades people

• Other small businesses

• Medium and large business

• Service organisations

• Government departments

Now if you have been honest wi.....

Click here for access to the rest of this article ->

Authors Bio Details:
Lance Spicer is an accountant, professional investor and author with 20 books published (5 best sellers) as well as several reports on offshore investing and tax minimisation. Lance has appeared as a key speaker at international investment seminars and has appeared on TV and radio in Australia and the US discussing issues from his books. A recent inductee in Who's Who in the World. Website: http://www.tridentpress.com.au

See the advertisements on pages 34 and 35 of this issue for more details.

Visitors Reviews | Add to Favorites | Refer Article to Friends | Articles by Lance Spicer
This article has appeared in either Small Business & Home-Based Income Magazine or Australian Business & Money Making Opportunities Magazine which are available from all good newsagents across Australia or the article may have been received as a freelance online submission to the Home Based Business and Work From Home Articles Directory.


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