Promote Your Business on a Tight Budget
 

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What is product marketing anyway, and how is it different from promotion? Promotion and publicity are not to be confused with marketing. Marketing has to do with how you express your identity. Promotion has to do with how you convey your marketing message to your target audience, and publicity is what you get when people notice your offer and talk about it. That happens when your offer is compelling enough that it will create some serious buzz. If you are not making enough waves in the media, you aren't kicking hard enough!

Publicity and promotion are where you educate someone about your product and they feel inspired to contact you to know more with a view to buying. Publicity and promotion take place once you have fixed your marketing; it just results in a better conversation with your clients. And higher profits for longer periods. Here's how:

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1. Who Are You?

Do you have a business identity and reputation? People feel how they are going to be treated by you in your marketing, promotional efforts, and in what kind of Publicity other people are giving you! What that means is that every time people see your product or the results of your service they form an impression about your business.

You need to consider your business message every minute that you're awake. Make sure everything you do and everything you say reflects a positive image for your business.

2. Identify Your Customer

Building and maintaining a successful business starts with your message being understood by your target audience. That involves identifying who they are and what they have in common. That allows you to communicate with them, and here is what you need to do and why you need to do it.

Identifying your customer starts with listing the attributes they have in common. Take a moment and think about your customers - are they all of a certain age group? Or educational status? Perhaps they share a certain hobby? Writing down what they all have in common will help you see them more clearly. If you can't build a single list, then you can and should create two or more - and understand that this just means that your products appeal to different demographics.

3. Creating & Delivering Your Message

Creating the right message - for example an advertisement - means writing it in the language of your target audience, and then you have to place it where they will see or hear it. That's why it's important to identify your customer as precisely as possible.

By now you have identified your customer, how to communicate with them and where to place your message so they will see it. It's time to consider the mechanism of delivery.

Examples of delivering messages are advertising in traditional media (print, radio and television) or on the internet (via paid or unpaid sites).

And speaking of delivering your message, don't forget online marketing tools. Innovative services like tweet ads and promoted company listings were created for small entrepreneurs to tap into a growing, active network online without spending thousands on pay-per-click ads or traditional advertising.

4. Clearly State Your Value Proposition

Start by describing the individual benefits of your product or service, and establish a value for each of those individual benefits. Once you have established the individual values, describe the overall, compelling value that the combination provides. Sometimes the overall value is even greater than the simple sum of its parts.

Recommended: Seven Winning Market Strategies To Generate Sales

 


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Promote Your Business on a Tight Budget