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Archive for Marketing – Page 3

Become An Expert In Your Own Industry

Posted by Linnea Blair on
 10/31/2005

Whether you sell to businesses or consumers you can increase your level of success by becoming an industry expert – someone who’s well known and acknowledged as an authority on matters concerning your industry. It takes work to achieve this kind of commercial stardom but once you’re at the top it’s almost self perpetuating.

Get ready for recognition

Prepare a clear definition of the industry you want to represent, whether it’s a broad one such as ‘retailing’, or very specific, such as ‘manufacturing food colorings’. Now imagine that you are being interviewed and have to answer some probing and analytical questions about your industry. You’re the spokesperson and your answers will be very important to the audience:

  • What qualifies you as an expert in the industry? (This will probably be your education and experience.)
  • What have you accomplished within the industry? (Perhaps you have developed new products or been elected President of an industry association.)
  • What are you now doing that’s worthy of recognition? (Your business could be well ahead of industry benchmarks, or you might be on a committee developing new industry standards.)

Make notes of your answers to these questions for future reference in preparing publicity materials and website content.

Build on strengths and remove weaknesses

For some people it’s natural to be on camera and face up to a journalist’s questions. For others it’s best to just write articles, and still others might enjoy public speaking in front of a crowd. Most of us are good at one or maybe two of these but not up to speed on all three. This doesn’t mean giving up on what you’re not good at, but it does mean that to get a ‘quick start’ on becoming an industry spokesperson you have to build on your strengths and find ways to overcome any weaknesses. Media training courses are available that will give you the skills to stand up to an interview, whether it’s on TV, radio or even over the telephone. If you have basic writing skills they can be polished up with a correspondence course or by attending a workshop at your local college. And joining Toastmasters, or a similar organization, is a great way to become better at public speaking.

Update your industry knowledge

As an expert you’re expected to know about developments in your industry. This means keeping up with what’s going on both at home and overseas. You’ll need to join at least one industry association, and subscribe to all relevant industry newsletters and magazines. The Internet will be a good source of knowledge and should be searched regularly for the latest news and advances in your industry. Attending trade shows and exhibitions are good ways of staying informed.

Make your website a source of information

Your business should already have a website, but just in case it doesn’t you’ll need to create one. This is no time to be shy so place your photo and biography on the home page. Give lots of advice from the site and make your business look as impressive, and successful, as possible.

The challenge will be to anticipate what questions people may have that drives them to visit your site in hopes of finding answers. If you can become their source of answers and make it unnecessary for them to look any further you will have fulfilled their need for an expert and be seen as one. You might also want to create an enewsletter that will reinforce your position as being in touch with industry events and developments and can give people who don’t know you an introduction to who you are and what you do.

Market yourself to the world!

Just as if you were launching a new product, you need to prepare a marketing plan to promote yourself and your expertise. Identify speaking opportunities, publications that might accept articles from you, and industry activities like trade shows and seminars where you can network with others that are interested in your industry. You should consider holding your own seminar or trade event, acting as both host and guest speaker for the activity. If your products or services have appeal to a significant number of consumers you can offer to provide a regular column or series of articles to any number of local or ‘free’ newspapers as a way of becoming better known. Your geographic location is irrelevant as long as you have a website where interested persons can obtain further information about you and about what you do. And if you can put together an interesting presentation that suits a wide audience you can offer your speaking services to colleges, libraries, not-for-profit groups, your local chamber of commerce and any other community associations that have regular meetings.

The follow up is important

Always follow up an appearance, event or interview with a media release to all publications and websites that might be interested. Your media list will gradually build up so that you can use it for sending out releases with your comments on industry issues or details of your next appearance. It’s important to keep your contacts, your industry knowledge and your website up-to-date so you’re always at the forefront of your industry. The publicity you receive from being an expert will be invaluable to your business.

Information in this article is sourced from RAN ONE, Inc

Categories : Marketing
Tags : Marketing

Profit From A Niche Market

Posted by Linnea Blair on
 09/09/2005

Operating in a niche can be very cost effective as well as enabling your business to become a leading player in its field. A niche market lets you target your sales messages with greater precision; the more specifically you define your niche the easier it is to cater to the shared interests and needs of the people or businesses in that market. A great example of niche marketing comes from an entrepreneur by the name of Frank Kern. He markets a product for parrot owners that he guarantees will teach their parrots to talk within 30 days. This one product nets him an estimated $20,000 per year and is just one of fifty niche marketing sites he’s in the process of setting up.

What is a niche market?

A niche market is a group of people or businesses that can be described as:

  • Sharing the same interests and requirements
  • Having a need or desire for your products
  • Sharing the same communications channels
  • Large enough to produce a profitable volume for your business
  • Not presently being targeted by a large number of your competitors

You need to find areas where prospective customers’ needs aren’t already fully satisfied. Analyze any other businesses operating in this market area and the quality and features of the products they offer. You then have to create a competitive advantage by offering a value-add that isn’t already available.

Clarify what you’re doing

Estimate just how much time, money and other resources will be required to profit from this niche. Meet with your team and prepare an outline of the project. Identify what is needed to develop the product or service to a marketable stage, what marketing investment it will need, and the timeline for its development and launch.

Create your niche proposition in detail

It would cost a fortune to set up a business that sells all kinds of books online and could compete with Amazon.com. They’ve had ten years to grow into the world’s biggest bookstore and would probably be impossible for a small operator to successfully compete against. But you could profitably cater to a niche of the book retailing market – for example, publications for owners of classic Fords or people interested in the art of silk painting, and succeed because of your specialization. Consider every aspect of the product itself. What’s needed to make it the most attractive option available to your niche and how will it be marketed? Go through everything in detail with your chosen niche in mind; the language you use, the packaging, and how it will be sold are just some of the details that have to be worked through. Be sure that the product is right, the pricing is acceptable and your marketing efforts appeal to your audience before moving ahead.

 Information in this article is sourced from RAN ONE, Inc 
Categories : Marketing
Tags : Marketing, Niche Market

Road Test your Website

Posted by Linnea Blair on
 08/08/2005

Most websites work in the way they were intended to work by their programmers, but does that mean your visitors will have the experience you want them to have? You can’t be sure unless you give it a thorough road test in real life conditions. Road testing a website doesn’t have to be expensive, nor does it need to be conducted by highly specialized researchers. You can do it yourself and find out quickly where any problems exist. Here’s a seven step process that you can use.

1. Identify the functions that visitors want. Ask yourself this question: “Why would someone visit my website?” There are many possible reasons why people might visit your website and you need to prepare a list of every one of them.

2. How will people get what they want? When you know what people want from your website you then have to work out how they’ll get it. Prepare an outline for each kind of function that your site now offers that shows step-by-step how it can be done. Later you’ll compare this with test results and see if this is really the best way to do it.

3. Select your road testers. You will need between five and ten people for your road testing. Although anybody can road test your site for functionality the best results will be obtained if you recruit a group from your current customers who are likely to be representative of those who will visit your website in terms of characteristics like age, product preferences and economic circumstances.

4. Set up your road testing facility. The testing facility doesn’t have to be anything fancy. Most people visiting your site will just have a desk with a PC and Internet access so set these up in a quiet location where the road testers won’t be interrupted. You’ll need enough room for your road tester and yourself. Each test should take no more than an hour or so.

5. Write the scripts for your testing. Prepare a simple script for every activity you want to test, both for those functions your site now offers and those you think visitors might want it to offer. If you want to see how someone makes a purchase from your site ask them to “…select a product you might want to purchase and buy it from the website.” Have a script for each activity that is based on functionality only – don’t give them any how-to instructions.

6. Conduct the road tests. Tell the road testers in brief what the test is all about and what you hope to accomplish. Encourage them to say whatever they want to say about your website, both good and bad. You want to see what works and what doesn’t. Go through all the scripts relating to existing functions first and see how each participant handles each function. Don’t help them do anything; if something isn’t easy to do you need to know about it. Note in detail every step in their actions, even if you know what they’re doing won’t give them the desired result. When the existing functions are completed take them through the functions that you think might be wanted. First find out if they want that function to be available, and then ask them how they think it would be delivered. Get them to take you through a process of using that functionality – how they ‘see’ it being done.

7. Analyze your road test outcomes. Review your notes and analyze the test results function by function. Identify which existing functions worked as intended and which need attention. Evaluate the answers you received on functions you think might be wanted and for those that are in demand which is the best procedure to use for delivering them. You need to do this road testing because the real test of a website is just how usable it is. If your website isn’t easy to use it will be quickly abandoned and your prospective customers will go somewhere else where they feel more comfortable.

Information in this article is sourced from RAN ONE, Inc
Categories : Internet Marketing, Marketing
Tags : Internet Marketing, Marketing, Website
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