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Cover of 'Getting business to come to you'

Getting business to come to you

Paul Edwards, Sarah Edwards, Laura C. Douglas

Mastering diy advertising and sales strategies

Listen to the podcast excerpt:
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Description

A thriving business hinges on a steady stream of customers purchasing its offerings consistently. Marketing is fundamental to any company's survival. It's possible to keep a business visible without constant travel by employing effective strategies that attract customers independently.

A dynamic, prominent marketing approach is achievable for any business with the correct methods. There isn't a universal marketing solution; it's a perpetual, trial-and-error endeavor judged by its results. Diversifying marketing efforts rather than depending on a singular tactic is crucial.

Table of contents

01

Spreading words organically

Networking is a powerful tool for small businesses to compete with larger companies' advertising budgets. It's about building professional relationships on a personal level, using contacts to forge business associations that lead to growth. Word-of-mouth advertising is at the heart of networking, where mutual assistance in business is the norm. People prefer to do business with those they know and trust, and communities offer both formal and informal networking opportunities. Formal networking groups, or lead groups, allow business people to connect with peers, while informal groups can be found in service organizations, social events, and churches.

Word-of-mouth marketing has been the cornerstone of many successful small businesses, often overshadowed by direct mail and advertising. However, networking provides advantages that advertising alone does not, such as meeting prospective clients and understanding their needs. If no existing networking group feels right, consider starting your own with a few guidelines: form a group with individuals you know and like, decide on meeting conduct, add new members gradually, minimize administrative decisions, commit to making and following up on referrals, and use meetings to share goals and successes.

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02

Building a Solid Reputation

Publicity is a crucial element in the art of reputation building, which in turn attracts business. People generally prefer to engage with those who are well-known or have a commendable reputation. Large corporations often invest heavily in maintaining a high public profile due to the significant value of media exposure. Contrary to what some business people believe, expertise in a field does not automatically attract media attention. It is essential to proactively manage one's public relations program and inform the media about one's company and products.

There are various opportunities for gaining publicity, such as guest speaking at events, sponsoring civic activities, receiving awards, being quoted in publications, and participating in interviews on television or radio. The objective is to leverage public relations to generate business and establish oneself as an expert in a particular field. This endeavor requires time, money, energy, and a commitment to a long-term business strategy. Unlike paid advertising, the outcome of PR efforts is less controllable, and it demands skill, knowledge, creativity. A well-crafted publicity kit is a powerful tool for introducing oneself and one's business. It should include a biographical profile highlighting personal achievements, career milestones, educational background, and future aspirations.

A concise company description should outline the business's history, activities, and future plans, supplemented with past media coverage. A product or service description should provide a clear, technical overview, avoiding jargon. High-quality publicity photos, both headshots and action shots, are essential, as they are often needed on short notice. Including copies of articles, testimonials, or endorsements can validate the interest in one's offerings. A broadcast resume detailing past media appearances can further establish credibility. To spark interest, one can add feature stories, story hooks, and interview questions to the kit, along with a unique sample or novelty item to stand out. The kit should be rounded off with either a news release or a query letter.

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03

Per­son­al­ized marketing strategies

Promotional techniques are the lifeblood of marketing, designed to make your product or service irresistible and to drive sales with urgency. Sampling stands as one of the most effective and time-honored strategies. It operates on a simple premise: if you like it once you try it, you're likely to purchase it. This approach is versatile, allowing businesses to get creative and innovative in how they distribute samples to potential customers.

Incentives are another powerful tool in the promotional arsenal. They serve as that extra push needed to convert interest into purchase. Popular incentives include discounts, giveaways, and contests. These can be tailored to attract new customers or to show appreciation to existing ones. For instance, service businesses might offer free introductory consultations, while others might provide discounts on one product to encourage the purchase of additional items. Seasonal businesses often tie their incentives to the calendar, and there's also room for creativity by offering incentives to those who have been dissatisfied with competitors.

Adding value in the eyes of potential customers can also be achieved through giveaways. Promotional business gifts can leave a lasting impression and foster goodwill. Similarly, creating a company newsletter is a cost-effective promotional technique that keeps you connected with current clients while also offering promotional opportunities. Newsletters can cover a range of topics from industry trends to after-sales service information, and they can be formatted in various ways. The key is to produce content that is informative, interesting, and entertaining, which encourages readership. Advertising space can also be sold to non-competing products to help offset the costs.

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04

Memorable incentive promotions

Advertising, when tailored, personalized, and innovative, can be a powerful tool for businesses. It's important to recognize that advertising is essentially an experiment; the outcomes are unpredictable until the strategy is implemented and given time to work. Companies, especially those with limited promotional budgets, should diversify their advertising efforts across various platforms rather than investing all their resources in one area.

Advertising should be viewed as an investment that requires time and repetition to bear fruit. Research indicates that a potential client needs to see an advertisement approximately seven times before they decide to act on it. This underscores the importance of not relying solely on advertising but also being proactive in other promotional activities.

The core objectives of advertising include creating awareness of your business and offerings, differentiating your products or services from competitors, eliciting a positive emotional response, reminding customers to make a purchase, and stimulating impulse buying. The timing of advertising is also crucial. It is most effective when targeting a mass market that can be reached through specific media, when competitors are also advertising, or when the budget allows for it.

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05

Crafting marketing content

In the realm of marketing, the ultimate goal is to connect with the largest audience possible who are not just potential customers but are willing and able to purchase your product or service, and to do so at the lowest cost. Crafting marketing materials that sell is an art that requires adherence to several key guidelines. It's crucial to view marketing efforts as part of a comprehensive campaign rather than isolated advertisements. Targeting your marketing efforts towards a specific audience, your ideal customers, is more effective than trying to appeal to everyone. When designing marketing materials, it's essential to focus on the benefits from the perspective of the potential customer, as this is what they care about most. The primary aim of these materials should be to motivate the prospect to make a purchase, steering clear of purely entertaining content which might not lead to conversions.

Being too clever or witty in your advertisements can sometimes backfire, so it's important to make an immediate impact. You have a very short window to grab the reader's attention, often just a couple of seconds. To maximize impact, it's advisable to keep ads uncluttered, highlighting the most important points in a way that they stand out. A clear call to action is crucial, guiding the prospect on what to do next. There are four basic promotional approaches to consider. Comparing your product or service with others requires honesty to avoid potential issues. Demonstrating your product in action, through client testimonials or case studies, can be very effective. Focusing on key advantages such as low prices or superior service can evoke both positive and negative emotions. Fear-based promotion, though more common than realized, is effective for products or services that might not be inherently attractive but have dire consequences if not purchased.

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