A marketing audit enables you to review your company's strengths and weaknesses, priorities and market segments, internal make up and personality as a basis for developing a successful marketing strategy for the future.
Brand building can be a powerful growth strategy for businesses of any size - large, medium, or small. The key is to understand what it is you do best and to use brand awareness to communicate that message repeatedly across your target market.
Direct marketing involves targeting individuals, preferably by name, with information about your product or service. This can be achieved through mail shots (conventional and e-mail), telephone calls, door-to-door sales or face-to-face contact.
It is one thing to be aware of all the things you should be doing; it is another to find the time to do them!
Before selling your product or service you need to establish what makes it sellable and unique.
Small businesses often do not know how much to spend on marketing. Decisions on expenditure are made on a 'whatever we can afford at the moment' basis, which among other things means that the marketing budget is the first to be squeezed when times are hard.
Do you know what products or services your competitors are selling, how they are promoting them, what prices they are asking, how customers or clients are relating to them, and what they have planned for the future?
For marketing to be effective, whatever the size of the business, it is important to work to a plan.
With more and more businesses now selling online, it is important that they bear in mind the rules that govern what is known as distance selling.
As from May 2008, a set of new rules, aimed at protecting people from unscrupulous businesses, came into effect in the biggest overhaul of consumer law for 40 years.
From the point of view of business, the media’s insatiable quest for the new and newsworthy represents something of an opportunity; an opportunity for free and extensive publicity.
We are surrounded by advertising in our every day lives. Viral online campaigns infiltrate the internet.
Marketing, simply put, is the action of persuading customers to identify with and then to buy a firm’s goods or services.
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