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Saturday, April 12, 2008

How to Market a Small Business

When you are launching a small business, there are many things which could potentially stand in your way. A small business can be a difficult thing to market. There are situations in which you will be competing with people who have a larger monetary base, and who in turn will be able to reach more of the population. However, do not be discouraged, marketing a small business can be difficult but is not impossible, and there are several ways to make sure that your marketing efforts are on the right track.

First off, identify your customer base. The biggest mistake that you can make in marketing a small business is trying to reach everyone at once. Money and resources can be depleted quickly. Focus on your customer base, and expand as needed from that target audience.

There are several ways that you can ensure that you have chosen the best customer base for your company's products or services. Conduct primary and secondary research to determine who your customer base is and where they live. Spend time narrowing down who you should be targeting, and once the research is concluded, you should have a group that is listed by age, gender, and even ethnicity, depending on what your small business is offering. Also, several tests are available that you can run on the products that you sell or the services that you provide

Once you have your target group in mind, the next step towards marketing a small business successfully is to reach that unique group. Don't place ads in places that will not catch their eye. For instance, if your target group is above 65, putting ads on a social networking site for teenagers would not make sense. Determine where your own customer base goes, what publications they read, what websites they frequent, and do what you can to advertise there.

Part of this requires figuring out where your potential customers come from. This is usually an easy thing to discover. Are you providing a service that you can do online – such as an online store or another business where your customers can be from all over? If the answer to this question is yes, then you can focus on doing online advertising and targeting other sites where your customers are going to visit. However, if your customer base is located locally, and you are relying on your local customers to market your small business, then you want to focus your marketing strategies on these local places, in order to make the most of the funds that you have.

The last thing that you want to remember when you are marketing a small business is that even if your competition has much more money than you do and is a much bigger corporation, you have the upper hand in the very fact that you are a small business. There are lots of people out there who are ready and willing to turn away from the larger corporations, and who are ready to focus on the smaller, local business. Stick with the things that make small businesses unique, such as quality customer service. These aspects are what usually set small businesses apart from the larger ones, and so it is there where a differentiation can be illustrated. You can gain customers by focusing on the advantages of working with a smaller company.

No matter what type of business you are providing, or whether you are seeking men, women or children to be your customers, you are going to find that you are up against a lot of competition. However, if you focus on your customer base, and the ways that you can bring your ideas directly to those people, you are going to be able to market your small business and be just as successful as those that are marketing large corporations with bigger budgets. There are many small businesses that are extremely profitable, and, by taking careful steps to market your company correctly, your business can be successful as well.


About the Author: Grant Eckert is a freelance writer who writes about business topics, similar to what consumers read in The Economist

Small business loans: get initial fund for your business

Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business. Since a sapling business face different kind of financial problems, any ordinary loan cannot meet these requirements. For that reason, the borrower needs to find out such a solution that may help small business owners in meeting different requirements of their small businesses. Small business loans are one of those business loans that are specially tailored to meet requirements of a sapling business organization. These loans can meet each and every financial requirement of a going business and can help that business in growing with a faster pace. Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you.

These Small business loans are simple to get but for getting these loans, should have an approved business plan. This business plan must be working and should be approved from the national corporate body. For getting these loans, the borrower also need to estimate how much finance he or she will require for running his or her small business smoothly. Application for small business loans include purpose, amount and type of loan therefore, if you are looking for any such business loan, then evaluate these terms to get a suitable loan.

Usually, small business loans are pledged against any high valued collateral but if in any case you are able to keep any asset as collateral against the loan amount, going for unsecured loans are the best option. However, a business loan requires good credit score for getting approval but if you are a bad credit borrower, then also you can arrange the desired cash with bad credit loans for small business. Usually, a typical business loan requires a written loan proposal and personal and financial details of the borrower. Since processing of these details consumes a lot of time, a business owner can go for online business loans.

In fact, online processing system helps the business owner in saving his or her precious time and allows him or her to redeem loan with a faster pace. With small business loans, the borrower needs to follow a monthly schedule of repayment; however, this schedule can be chosen as per his or her monthly business revenue flow. This facility helps the business owner in achieving his or monthly target without bothering for arrangement of funds and supports the business to grow with faster pace. Therefore if your business is suffering due to the unavailability of funds, then these loans can prove to be the help for you and your business.


About the Author: Barry Jones is a financial expert dealing with business loans, who provides counseling and expert knowledge on business loans UK. To know more about Business loans UK, Unsecured business loans, Small business loans and secured business loans visit http://www.businessloansintheuk.co.uk

2 Major Typies Of Small Business Web Site Design

The global internet is not as global as small business owners may think it is, in fact the global internet can be extremely effective for local markets. Small business web site design is important to how successful your company will be online. Small business web site is one of the largest market sectors in the business. With the revolution of the internet, smaller businesses are able to reach more audiences with their web site. If you are a small business or a home-based business, you can do to have small business web site. Web site hosting is not expensive and finding the right business is easy on the internet.

Starting a small business but don't know where to look? Want some great ideas for generating income online? Here are 2 small business web site design typies that I recommend for small business owners.

1. Blogging
Blog is a term used to describe web sites that maintain an ongoing chronicle of information. A blog is a frequently updated, personal or business website featuring diary-type commentary and links to articles on other web sites. Blogs range from the personal to the business, and can focus on one narrow subject or a whole range of subjects. Many blogs focus on a particular topic, such as web design, home staging, sports, or mobile technology. Most blogs have a method to allow visitors to leave comments. All this ensures that online conversations can be maintained painlessly among various site users and web sites.

For small business owners without the time to learn both html web and php web, blogging offers an inexpensive method to get the business's name out on the internet. Business blogs provide a small business with a chance to share some expertises and knowledges with a larger audience. A powerful benefit for consultants and knowledge workers.

As with most things in life, blog platforms come with a variety of price points ranging from free through to more expensive options. There are three main things that you might pay for: the blog platform itself, hosting for your blog and domain name. Here are 2 biggest blog platforms:

  • Wordpress - This is an open source, community supported tool available 2 flavors, the free, fully hosted version with limited control (Wordpress.com) and the free, unhosted version with unlimited control (Wordpress.org)
  • Blogger - This is the granddaddy of platforms. Blogger helped launch the blogosphere and was later snapped up by Google.
2. Ecommerce
Owning and operating an online store is now easier then ever. Thank you to the developers of many ecommerce web site, just about anyone with some basic computer knowledge can manage a busy online shopping web site and still have time for the important things in main business.

Most stores use an online catalog type of format organized by category. An ecommerce web site must not only present the merchandise effectively, it must provide a safe and easy way for customers to order. Your customers will browse at your web site, select some items, and then pay for them. When you set up an e-commerce shopping cart, you’re providing a way for your customers to bring their purchases to the cash register. The program you choose will allow you to enter your products in the database and allow shoppers to choose products when they click on 'Add to cart'.

Store owners can set up their online stores using ecommerce tools. For small stores, it has all the features you need for an online store. For example: OScommerce, Zen Cart, PHP Auction, Cube Cart, Open Realty, Miva Merchant, etc.

About the Author: RT Design Group is providing small business web site design and web marketing services in Florida, US. Or call 239 - 913 - 0279.

Staying Sane Survival Tips for Small Business Owners

Your lunchtime thoughts are comprised of brilliant marketing strategies and anxiety over bill payments. You’re the CEO, human resources director, janitor, and administrative assistant all wrapped up into one. You open the doors at dawn and lockup when it’s time to wrap up for the day.

Welcome to the world of small business ownership. Lovely, isn’t it?

Of course, the rewards of small business ownership are quite high. Your focus determines your reality and your success, you never have to answer to an angry boss, and (for most owners) you get to work in an industry of your choice. There’s an obvious trade-off with the long hours, multiple responsibilities, and occasional panic attacks of “how am I going to get this done?”

Not to worry. You’re not alone. In fact, almost all small business owners face the same issues you do. And many have survived and lived on to tell the tale (in small business seminars, in fact!), so don’t get discouraged. Here are several easy tips to get your business head out of the clouds.

Become an expert at time management: If you went to college, chances are you learned how to balance midterm studying, paper writing, socializing, and plain old partying into a somewhat successful formula. Dust off those time management skills, because they’ll get your small business running in an efficient fashion. A great way to do this is to use the tools that come with modern office software. Any sort of email program that features a calendar, such as Outlook, will allow you to track appointments, follow-up emails/phone calls, and important dates. It will also allow you to create daily to-do lists while maintaining an organized list of your contacts. You can also use spreadsheet software, such as Excel, to keep track of the progress of multiple tasks, calculate and crunch numbers, and store tables upon tables of information. Get this software, load it on to your office computer or laptop and use it religiously. It will organize your life and allow you to attend to the important things for your business.

Contracts are good things: Here’s a hint – if you’re not an expert at something, don’t do it yourself. Your budgets are stretched and your time and sanity are running low. How about a hired hand? From virtual administrative assistants to business planners to copywriters, hiring out help on a contract basis can free you from the logistics of running a business and allow you to stay focused on what your business really does. Obviously, hiring professional costs money, but it also means a separate set of eyes specializing in something that you’re not the most adept at. The process could even pay for itself. If the quality of work these contract professionals bring in generate revenue by allowing you to work harder at what you do best.

Seize every opportunity: When you’re a small business, you’ve got to get creative with your marketing. Fortunately, every single moment and action presents itself as a time to sell your business. Writing an email? Then attach your business description to your signature and casually mention your business. Going to the library? Bring some flyers and tack them on the bulletin board. Going to get office supplies? Ask the supply store manager how you can place your business cards on the counter. Every scenario grants you the opportunity to reach another person. And even if it’s just one person, that someone can tell a friend, who may tell two friends, and so on. Word-of-mouth and grass-roots marketing can be a powerful tool, and it’s cheap – so use it!

Keep your chin up: It might be a cliché, but it’s true – the best way to have run a successful business is to stay positive. Keeping a positive mindset affects you, the ones you work with, and your customers. No one likes to work when they’re down in the dumps. But if you’re chipper, motivated, and ready to go, you’ll inspire yourself and the ones around you. It may sound trite, but it’s the truth. Maintain a positive attitude and work hard and the results will present themselves!

While running a small business is consuming and exhausting, don’t forget that you also need to stay mentally and physically healthy. These tricks will help you run your business more efficiently, but it doesn’t excuse you from running yourself into the ground. Remember to find an outlet for the physical and emotional stress that come with running a small business. You’ll feel refreshed and energized and ready to work hard and efficiently – and that means more business and more profits!


About the Author: For More Free Resources visit www.start-ownbiz.com