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Market SMART Marketing Strategies to GROW Your Business by Debbie Page Presented for U.S. Small Business Administration | Seattle District Office

Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

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Page 1: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Market SMARTMarketing Strategies to

GROW Your Business

by Debbie Page

Presented for U.S. Small Business Administration | Seattle District Office

Page 2: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Hello!

Page 3: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Why is marketing so important?

Page 4: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

In YOUR opinion, what IS marketing?

Page 5: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

It is the process of educating

your ideal customer why she should do

business with you, not your competition.

Page 6: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

What Marketing Is

NOT.

Page 7: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

It is not sales….that comes later.

Page 8: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
Page 9: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
Page 10: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

The art and science of choosing target markets and getting, keeping and growing customers

through creating, delivering and communicating superior customer value.

Marketing Management

Page 11: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

How has marketing changed?

Page 12: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
Page 13: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

So what does this all mean for you today and going

forward?

Page 14: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Being customer centric.

Page 15: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

4 Best Practices to Being a Customer Centric Company

1. Believe the customer comes first2. Focused on customer needs and wants and

creates offerings for them.3. Focused on building relationships not counting

transactions.4. Implement and maintain a formulated strategy

focused on creating and keeping profitable and loyal customers.

Page 16: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

SMART Marketing Tip

● What do you do?

● Why does it matter?

● Who cares?

Page 17: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

3 Niche Markets

“Niche is rich Broad is broke”

SMART Marketing Tip

Page 18: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

You can’t afford to market to

everyone.

SMART Marketing Tip

Page 19: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

SMART Marketing Tip

Create an ideal customer profile a buyer persona or an avatar for each niche.

You must know who you are speaking to in all your messaging with absolute clarity.

Page 20: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

My ideal client persona:

Her name is Beth, she is 43 years old and owns a

service based business.

Page 21: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

My ideal client persona:

She started her business because she has a

PASSION for what she does and a unique way she offers her services.

Page 22: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

My ideal client persona:

She has had her business for at least 2 years.

Page 23: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

My ideal client persona:

She is generating revenue but can’t figure out where

all the money is going.

Page 24: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

My ideal client persona:

She is caught in a cycle of reinventing the wheel with each new idea.

Page 25: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

My ideal client persona:

There are no/few documented systems or

processes.

Page 26: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

My ideal client persona:

She wants to scale her business and does not know what is her next

best step.

Page 27: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

My ideal client persona:

She wakes up at night worried that she doesn’t

have enough cash flow to fund her business.

Page 28: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

My ideal client persona:

Can be heard saying:

“I know I can’t keep doing this alone.”“I need to understand where my money is going.”“I don’t know if I am truly profitable.”“I need to start paying myself.”“There seems to more month than money.”

Page 29: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Ideal Client Persona

Why is this important?

Page 30: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Creates absolute clarity in every marketing decision

and action you take.

Page 31: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
Page 32: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

People don’t care how much you know until they know how much you care.

SMART Marketing Tip

Page 33: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Create a well developed value

proposition.

SMART Marketing Tip

Page 34: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

A well developed value proposition is key to

initiating and maintaining the successful marketing

of your company, products and services.

Page 35: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

● Explains the value of your

product/service to the customer:

● How do you solve their problem.

● Why it’s beneficial.

● For whom it matters.

● How different from the

competition

To The Customer

Page 36: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

● Keeps you focused on target customer.

● Keeps product or service benefits aligned with

customer goals.

● Makes direct connections with your customer goals.

● Develop persuasive marketing that stands apart

from the competition.

To You The Business Owner

Page 37: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
Page 38: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

SMART Marketing Tip

Page 39: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
Page 40: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

SMART Marketing Tip

Page 41: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
Page 42: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
Page 43: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
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Page 45: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

SMART Marketing Tip

Page 46: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

What you measure matters - know

your ROI.

SMART Marketing Tip

Page 47: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

A recent survey by SurveyMonkey asked more

than 400 marketers what they know about their

brands. While 80% of them believed building

brand awareness is “extremely” or “very”

important, 76% admitted that they don’t know

what percentage of their target market is aware

of their brand. And nearly 70% said they weren’t

sure how to measure brand awareness.

Page 48: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

SMART Marketing Tip

Page 49: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Do they know you?Do they like you?

How do your customers feel about your brand?

(Innovative/trustworthy/traditional.)

Ask Yourself

Page 50: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

If they know you, do they think of you

the way you want them to?

If you’re cultivating the right image,

are customers excited about what you

actually deliver?

Page 51: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Who has great brand awareness?

Page 52: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Who has a tarnished

brand?

Page 53: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Who has GREAT brand loyalty?

Page 54: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”
Page 55: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

SMART Marketing Tip

Page 56: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Mistakes to Avoid

Page 57: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Mistakes to Avoid

You are not your audience

Page 58: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Don’t delegate building customer loyalty to your

staff.

Mistakes to Avoid

Page 59: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Don’t view your competitor as the enemy.

Mistakes to Avoid

Page 60: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Don’t get complacent.

Mistakes to Avoid

Page 61: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Don’t waste resources.

Mistakes to Avoid

Page 62: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Don’t move without a plan -and don’t get stuck in the

mud.

Mistakes to Avoid

Page 63: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Don’t do it alone.

Mistakes to Avoid

Page 64: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

What can marketing do for

my business?

Ask Yourself:

Page 65: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”

Effective marketing can determine the winning difference that sets you

apart and makes you the only real choice.

Page 66: Market SMART · Marketing Is NOT. It is not sales ... 3 Niche Markets “Niche is rich Broad is broke”