Marketing doesn't have to be an overwhelming task More about small businesses The Associated Press
June 1, 2004
New York --
Marketing can seem like an overwhelming prospect for a small business
owner -- there's research to do, publicity campaigns to pull together,
mailings to send out, and more.
But small business owners and marketing consultants
say the task can be made easier and less daunting by breaking it
down to some basic elements and keeping the process simple.
Barbara Findlay Schenck, co-author of Small Business
Marketing for Dummies, said the first step toward making marketing
more manageable is for a business owner to determine what his or
her goals are. She suggests owners ask themselves questions like:
"How much business are you trying to gain?" "How many clients do
you want to add?"
Knowing your goals will prevent you from overcomplicating
your marketing efforts and help you target the best prospects for
new business, said Schenck, who is also a marketing consultant.
For example, an accountant looking for clients should figure out
how many he or she needs, and begin having lunch with people likely
to need his or her services.
Public relations executive Rick Frishman said
small business owners can make marketing less bewildering by being
sure they understand the difference between publicity and advertising
-- they are not the same, and not every company needs to be doing
both of them. For some companies, advertising might be a waste of
money, with time better spent getting the company mentioned in a
story in a local newspaper, said Frishman, president of Planned
Television Arts, a division of the public relations firm Ruder-Finn
in New York.
No matter what kind of marketing you opt for,
Frishman said your chances of success will be greater if you keep
your message short and simple. That means really knowing your product
or service, and being able to get a prospective customer interested
in it quickly -- Frishman said owners should be capable of making
a pitch in the amount of time it would take to make a short elevator
ride.
And be ready to market anytime, anywhere, he
said.
"You have to have your product with you," Frishman
said. "You never know who you're going to meet -- a chance meeting
on a plane or in an airport can change your life."
Ed Paulson, a small business owner and author
of The Complete Idiot's Guide to Starting Your Own Business, recommends
business owners learn to make another distinction: between marketing
and sales.
"People need to understand that marketing and
sales are two different things," Paulson said.
"They need to think of selling as the act of going out and actually
getting business. Marketing is what they do to make it easier to
sell."
He also suggested zeroing in on your best prospects:
"Find the group of people who most accurately reflect your most
likely buyer. Marketing helps you do that."
The way to do that is through market research,
perhaps another behemoth of a topic for a small business owner.
But Paulson said that also shouldn't be frightening.
"Market research has a stigma of being incredibly
complicated and something that is the purview of marketing professionals
and not for small business owners," he said. It also has the reputation
of being expensive, another fallacy, Paulson said.
Paulson recommends using the Internet and public
libraries to find Census Bureau and other demographic information
that can help business owners find whether there's likely to be
enough demand for a product or service in their locales.
Trade organizations can also provide information,
not just on consumers, but on businesses that would make potential
customers.
You can also accomplish some marketing research
by networking, relying on the experiences of other business owners
who can tell you about other opportunities.
While you're prospecting for new business, Schenck
suggests there's some marketing to be done close to home -- with
your current customers.
"Are you selling all you can sell to your current
customers?" she asked, reminding business owners that "it's five
times cheaper to keep a customer than to get a new one."