dinkylist.com dinkylist.com dinkylist.com
   Index Page -> About Us -> Privacy of Info -> Terms of Use -> Add Url -> Add Your Article
Search:   
Add Url
 
 

Children & Teens

 

Jobs & Careers

 

Society & Issues

 

Home & Garden

 

Automobiles

 

Online & Board Games

 

Property & Estate

 

Recreation & Entertainment

 

Politics & Government

 

Internet & Computers

 

Health & Hygiene

 

Malls & Shopping

 

Medical Care

 

Academics & Learning

 

Lifestyle & Fashion

 

Cooking & Drinking

 

Hotels & Travel

 

Adventure & Sports

 

News & Media

 

Self Management

 

Companies & Business

 

Investment & Finance

 

Research & Science

 

Creative Arts

 

Index Page › Companies & Business › Marketing
 

Five Deadly Small Business Marketing Mistakes

 
Author: Rick Weaver
 

Here are some marketing mistakes that take a heavy toll on small businesses. They have been very harmful to businesses at any stage, but especially harmful for new businesses.

1. Not having a marketing plan.

Studies show that having a marketing plan equates to a 24 to 30% improvement in sales over those without a marketing plan. Writing a comprehensive marketing plan takes time, thought, and rethought, they help a business owner to focus on new products and services. A marketing plan will help someone to determine if the product or service will take too much time, energy, or resources to make it a proper addition to the existing array of products and services.

2. Executing "Hit or Miss" marketing techniques.

Many entrepreneurs and small business owners buy advertising without exploring whether or not the venue is appropriate for them, or if it will appear in a place or manner that potential customers will respond to - or even see. Marketing dollars spent correctly will bring you sales. Marketing dollars spent incorrectly will not only cost you money, but will cost you your business-esteem. All marketing needs to have a "fit" with an overall initiative. They must convey a consistent message. Using advertising for name recognition is felt to be a good move by inexperienced business people. Experience dictates that success is best when even your "name recognition advertising" relates to a common theme.

3. Negative networking.

Networking is one of the most important parts of marketing for the small business person. Many entrepreneurs look to groups such as Chamber of Commerces, Business Network International, and Local Business Network to build business through networking. They attend networking functions and seem to feel that the more business cards they give out, the more business they will get. They are generally disappointed and reject networking as a false prophet. Positive networking takes a different approach. Networking events are an opportunity to find synergies upon which relationships can be built. Successful networking is not how many business cards you give out, it is how many quality business cards you gather. Opportunities such as Catapult allow individuals a networking opportunity to find those synergies while learning business skills.

4. Not seeking appropriate support.

Most entrepreneurs are people that have decided to leave corporate America in search of a better lifestyle with less stress. They find a great product or service and think they have it made. Unfortunately they do not have the focus and motivation they need to survive. In the corporate world they had a boss to continually set deadlines and goals, and to hold them accountable for hitting the deadlines and goals. They also had a boss to mentor and coach them. In the small business and entrepreneurial world, this important need is overlooked. People need accountability partners and/or mentors to keep them on track.

5. Inability to distinguish between being talented and being business savvy.

Too many small business owners and entrepreneurs feel that having talent is sufficient to attain success. They feel that if they are good at what they do, word of mouth advertising will supply a constant stream of customers. Talent may help you find excellent investments, glean out the best mortgage rate, repair the most difficult automotive challenge, or any of numerous other potential examples. However without business savvy in the form of a marketing system, the endless stream of customers will never materialize. You must wrap a marketing program around it to encourage or solicit additional referrals.

To be a success in your business, it is essential to focus on preventing these marketing mistakes. Be sure to make a plan and get the support to validate the plan and help you bring it to fruition.

 
 
 

Related Articles

 
Who Makes the BEST Business Partner
 
Business Profitability - 10 Ways To Boost
 
How to Win Federal Contracts by Selling to SmartPay Cardholders
 
Let Them See It To Sell It
 
Delphi Gives Workers Choice of Pay Cuts or Shutdowns
 
Creating Cash Flow with Old Inventory
 
Starting Your First Home Based Business
 
Which Sales Strategy Wins the Game of Sales - Offense or Defensive?
 
Being Politically Correct When Selling Can Cost You Sales
 
Annuity Appointment Setting: Super Sales Techniques
 
 
 
Index Page -> Privacy of Info -> Terms of Use  
Copyright © 2008 www.dinkylist.com