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08. How to Prepare a Business Plan
How To Prepare A Basic Business Plan For A Small Business Sole Propritor:
There are three most important criteria for measuring success in any venture. Firstly a "Plan" must be conceived followed by objective and clear cut practical steps to achieve that plan. Thirdly it is paramount to blueprint the exact critical path approach to get to your target goal of d...

13. Building Your Online Business Website Part 3
The Mechanics Of Getting Started; Domain Name, Hosting, Getting Built:
The first thing you need to do before you start building your web site is to acquire an appropriate domain name. Your domain name may be the name as your business or the product or service you sell. Here are some tips on deciding on a great domain name. Domain Name Your domain name shoul...

12. Building Your Online Business Website Part 2
Before Starting A Business Web Site You Need To Lay Out A Plan:
Plan Your Website Planning your web site is the most important and interesting stage in the development and creation of a website. This is a time for introspection and for putting your thoughts together. Here are some of the key issues you need to consider and pen down your responses before you m...

14. Building Your Online Business Website Part 4
Do You Want To Know What A Web 2.0 Web Site Is? And Why Should You Build A Web 2.0 Web Site?:
What is Web 2.0? Web 2.0 does not imply technological changes in the World Wide Web but in fact the manner in which it connects people and allows them to play an active role in the development and determination of web content. The Web 2.0 reduces the distinction between the producers and the cons...

Small Biz Tip Category: Marketing
 
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"Incredible Importance Of Marketing Positioning"


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Friday, December 11, 2009

When you're trying to promote your business and its products or services, don't overlook your marketing positioning. You've identified your target market, done your keyword homework, monitored and tweaked your various promotional strategies, so you're off on the right foot. But there are more things to consider to really promote your brand and see your company succeed. Positioning yourself within your market can make a huge difference in sales and your customer base.

Many people new to marketing might not even know what marketing positioning is. It's simply how you are perceived by your customers and potential customers. You might think this is something out of your hands. While it's true that each person sees things through his or her own filter and makes his or her own opinions, there's a lot you can do to position your company in a more favorable light. This is where marketing becomes less about your company specifically and a little more about the entire market in general.

Consider the environment in your particular market right now. What problems does your industry face at the moment? Is there a downturn industry wide, or is business booming? Are customers' needs being met, or is there room for improvement in certain areas? Also think about how your competition uses marketing positioning to improve their business, and how costly and inconvenient it is for customers to switch from one company or one brand to another. If you find that a hindrance, make it easier for customer to come to you.

Now, focus on your business. Think about what sets you apart from your competitor and what advantages your company has over your competitors. Compare your prices, convenience, level of service and even company size. Do you have excellent customer service that's more personal and prompt that the bigger company in your field? Are your prices lower, or your guarantees more iron clad? How does the quality of your product or service compare with your competition?

When it comes to marketing positioning, you have a variety of choices in how you go about it. You can focus on specific products or services and their qualities. You can focus on how the customer benefits from them, or how and when the product or service can be used. Identify your target users and appeal directly to them. You can also position yourself against one of your competitor's in a comparison situation, or conversely, do everything you can to disassociate yourself from them to avoid comparisons.

Your marketing positioning strategy should focus on which of those options stands out to you as the best and obvious choice. If your company is smaller than Corporation X, but you give better, faster, friendlier service that such a huge company could ever hope to give, focus on that. Brand yourself as the small business with heart that listens to customers, and portray larger business as out of touch with customers and suffering under the burden of their own size. That's an example of good marketing positioning.

Provided By: Ray Plumlee
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