Small
Business Marketing: Are You Using a Net or a Spear
When I was back in college,
over a decade ago, I decided that when I was done I would run off
to Alaska and work in the fishing industry. The lure of hard menial
labor and the outdoorsmans life seemed so tantalizing to me after
having toiled away in academia, not just for the past four years,
but for most of my life.
I learned as much as I could about the fishing industry: working on
boats, at the docks and in canneries. I learned that one of the
popular techniques used by commercial fishing companies is to cast
huge nets between ships miles
apart and drag them through the sea capturing anything unfortunate
enough to get snarled. While this technique netted prolific amounts
of fish, the vast majority of the catchcould not be sold at the
market.
What a waste! Not only do these companies unnecessarily deplete a
precious natural resource they also waste their valuable time and
energy setting and hauling in nets and then sorting through their
catch to identify and pluck marketable fish from the masses.
While large fishing companies can afford to expend their resources
in such a manner, as a small business owner, you would be ill
advised to follow such a path when fishing for new clients. Small
business marketing tactics must be much more precise and efficient
to be viable.
To continue our fishing example, consider a tribesman from a
pacific island. Instead of employing large nets a tribal fisherman
will stand and wait, knee deep in water known to be plentiful with
the type of fish he seeks with only a
spear in hand. When a fish swims by he lunges with his spear and
voila! Dinner is served, or at least caught. The tribesmans method
is highly efficient and effective.
The methods you employ when marketing your small business or
professional service firm should minimize waste and maximize
sales.
Are you using a marketing net or a marketing spear to find new
customers?
Size Matters
A marketing net can take many forms. One of the most common forms
of marketing with a net is investing in the belief that the larger
the group you market to the better the chance of developing new
business. This type of thinking
could not be farther removed from reality. You can much more
effectively generate quality leads and sales by focusing your
marketing efforts on a smaller yet highly specific audience.
If youve ever placed a display ad in your local newspaper, paid for
banner advertising on a popular web site or paid for a radio or TV
commercial only to be disappointed by a meager response there is
good reason dissatisfaction.
While there were likely a few
potential clients who saw or heard your ad the vast majority of
those you reached simply had no need for your products or services.
Whats more, those who might indeed have a need for your product or
service were likely not actively seeking what you sell at the
moment they saw your ad.
You can improve the response to your advertising by marketing to a
smaller but more focused audience. Your ad will not only appear in
front of those who have a need for what you sell, it will be seen
by more people who are
actively seeking what you provide.
Take some time to identify periodicals and other ad vehicles that
serve your market and fit your budget and then place your ads in
front of a smaller but more specialized audience. You will sell
more and get more for your advertising dollar.
Its amazing what a spear can do.
Sharpness Matters Too
Even if you trade in your marketing net for a spear (focus your
market) your marketing results may still be disappointing if your
spear is dull - you may squarely hit a fish with the tip of your
spear but if it is not sharp the fish may squirm away.
You can perpetually keep your spear sharp with an outstanding
marketing message. Your marketing message should speak directly to
your buyers and clearly communicate why they should buy from you.
If it does not your future
customers wont ever take notice of you, even if you are the ideal
solution for their needs.
Many small business owners use a poor and ineffective marketing
message because they do not fully appreciate the value of a good
one. A strong marketing message will be noticed by those most
likely to become your clients and will work to get your prospects
to take the action you want them to take: visit your store or web
site, contact you for more information and ultimately, buy from
you.
Take some time to examine your marketing message. If you get the
sense that it isnt very focused, it probably isnt. What words and
phrases can you use to sharpen it up?
Move Your Marketing Forward
Get rid of your net and sharpen you spear. Even if you hate to fish
or have never gone fishing, youll find yourself looking forward to
every opportunity to wade into knee deep water.
About the Author
Copyright Jeremy Cohen, Better
Marketing Results. All rights reserved.
Marketing Coach, Jeremy Cohen, helps small business owners and
professional service providers attract more clients, grow their
business and be more successful with his coaching services and free
marketing guide: Jumpstart Marketing: More Profits, Clients and
Success.
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