Top 10 Marketing Concepts For Small Business Marketing

Over the past decade more and more people are getting fired, getting downsized, or getting fed up with their corporate jobs and embark on the journey as a small business owner. Unfortunately, most of the new small business owners fail to consider their marketing plans or strategy. There are many marketing concepts for small business marketing to consider and plan for, but here is our list of Top 10 Marketing Concepts For Small Business Marketing.

Marketing Concept # 1: Consistency

Consistency is the number one marketing concept for small business marketing only because it is left out of marketing concepts for so many businesses. I have worked with a long list of clients, big and small, that are extremely inconsistent in all areas of their marketing. Consistency helps lower the cost of marketing and increase the effectiveness of branding.

Marketing Concept # 2: Planning

Once small business owners decide to be consistent with their marketing, planning is the next major concept to engage. Planning is the most vital part of small business marketing or any level of marketing, for that matter, and so many owners, marketing managers, and even CMOs plan poorly. Put the time into planning your marketing strategy, budget, and other concepts presented here to ensure success.

Marketing Concept # 3: Strategy

Strategy immediately follows planning because your strategy is the foundation for the rest of your marketing activities. In the process of planning, you must develop your strategy: who you will target, how you will target them, and how will you keep them as a customer.

Marketing Concept # 4: Target Market

Target market is also another key concept for small business marketing. Defining exactly who you are targeting allows small business owners to focus on specific customers and reduce marketing waste. A well-defined target market will make every other marketing concept so much easier to implement successfully.

Marketing Concept # 5: Budget

Although it is listed at number 5, budgeting is important throughout the entire process. Creating a marketing budget is usually the hardest and most inaccurate part of small business marketing. Most small businesses owners lack a great deal of experience in marketing, so their budgets usually end up skewed. The most important part of this marketing concept is to actually establish a marketing budget. From there, you can worry about how to distribute your available funds.

Marketing Concept # 6: Marketing Mix

The marketing mix is usually defined as product, pricing, place, and promotion. As a small business owner, you must specifically decide on your products (or services), the appropriate pricing, where and how you will distribute your products, and how will you let everyone know about you and your products.

Marketing Concept # 7: Website

In today’s market, a business of any size must have a website. I hate when I see businesses that have a one page website with out-dated information. Customers, be it businesses or consumers, will search the web over 60% of the time before making any purchasing decisions. This marketing concept contains a slew of additional components, but you must at least develop a small web presence of some kind and keep it updated.

Marketing Concept # 8: Branding

Many small businesses owners also neglect this concept. Small business marketing must focus on this marketing concept just as much as large corporations do. Branding consists of the pictures, logo, design scheme, layout, make up, and image of your products and even your company. Branding is how your customers perceive (please place a lot of emphasis on that word!) your products and company. Make sure to pay special attention to what kind of brand you are building through each step of your planning and implementation.

Marketing Concept # 9: Promotion and Advertising

Promotion and advertising is a very complex marketing concept, but must be considered for any type of business and its products and services. Once you engage the previous 8 marketing concepts, you must finally let your target market know about you and your products. Proper promotion and advertising will result in effective brand recognition, and, ultimately, increased sales.

Marketing Concept # 10: Customer Relationship Management (CRM)

The concept of customer relationship management has become a huge industry in the marketing world. There are many types of software and services offered to help businesses of any size handle their customer relationship management. Since there is so much available, usually for a large sum of money, small business owners usually look at this concept as something they are not big enough for or have enough money to implement. Don’t be fooled by the massive industry that has evolved from this concept. Maintaining proper customer relationship management is essential to creating loyal and consistent customers.

This list of marketing concepts should be examined, researched, planned, and implemented, especially by small businesses, in order to be successful. Also, your marketing doesn’t stop here. Each business is unique and will have additional components that must be considered, but this list will jump-start any marketing plan.

Staircase Marketing Concept – A Unique Marketing Strategy

We have all seen staircases, rising up to the next level. Some sweep to one side, elegantly; others are straight and direct; still others turn as individual landings are reached. Which style are you picturing right now? Or are you envisioning you’re sliding down the hand rail?

When I was younger, that is exactly what we did. We slid down the handrail in our older home and landed at the bottom on the floor; a black and white checkerboard floor. Our railing had a slight flattening portion at the end so that we could catch some air prior to the floor. The trick was to nail the landing and of course, the difficulty was dependent on how far up the rail we began.

Online marketing can be looked at as a staircase; a staircase with many landing areas on the way up.

Follow along here; each landing represents a goal needing to be reached for effective marketing strategies to work. The handrail is considered your ‘mentor’; there to assist you so you don’t fall. If your marketing staircase is without a handrail, your climb to the top level will be long, difficult and could be fatal.

Planning Your Staircase Marketing Concept

In planning your marketing strategy, the importance of marketing your business is directly related to your business success. Using the Staircase Marketing Concept strategy, write out your goals, starting from smallest. Listing each one as they come to mind then rearrange them in succession to achievement (easy to get completed to most difficult).

Each of these goals now represents your individual landing areas. Each landing area will have steps necessary to conquer before that landing area can be reached. Looking at one goal at a time, list out the steps that must be completed to reach it.

The more detailed you can get with your steps; the simpler that landing area is reached. You may see where your efforts are required and where you may need to ‘grab a hold of the railing’.

Each step will be necessary to engage. If you do take the time to write out your Staircase Marketing Concept, placing the correct marketing term within the stepping process, it won’t be long before you begin to see your marketing freedom taking shape. Practice with minor goals first and the small steps required to reach that intended goal before tackling the bigger ‘boys’.

Before long using this unique marketing strategy shall be easily incorporated into your daily routine and that ultimate goal may be easily obtained as well; by using the Staircase Marketing Concept.

Video Marketing Concepts on How to Bring Loads of Traffic to Your Website

More and more people are watching videos every day. They are not just watching videos in YouTube, but also in other video websites as well. As an internet marketer, you should take advantage of this opportunity to use videos in bringing in more traffic to your website. The following video marketing concepts are essential to video marketing as it is such a powerful tool in finally getting that highly targeted traffic:

1.      Know Your Target Market

One video marketing concept you should know is that you have to understand what your target market is. You can do some research regarding what type of demographics your target market belongs to. For example, if you are promoting a product or service about video games, they are likely to belong in the teenage to adolescent age group. If your website service is about cell phones then your target market may belong to a wide range of groups since anyone can be buying cell phones these days.

2.      Write Content which is Compelling

After knowing your target market, another video marketing concept to take into mind is that you should write content for your video which is compelling enough for the viewers to stick with it right to the end. You can write effective content to your videos by knowing what appeals to your target market. So this again takes research on what clicks to the people who view similar videos to yours. Videos which are short, yet succinct enough in its message will be viewed the most since it takes easily to load or to download in computers.

3.      Use keywords

Never underestimate the power of keywords in driving more traffic to your website. Keywords are also very applicable while creating content for your video since they are the most probable words or phrases to be searched by people. This video marketing concept is so important that if you don’t use it, your video may remain obscure forever. With keywords, people will easily search to your video and are most likely to go beyond and view your website. This could get you prospective customers to the content, products or services you are promoting.

4.      Using Your Creativity 

The videos that actually appeal to a lot of viewers are not those who follow a strict formula in video marketing, but those who use these tips and strategies effectively to create their own style. By being creative, you may get more traffic that what you ever thought possible. You can also attract more viewers to your videos, thus having a bigger chance to lead prospective customers to your website. This video marketing concept is rarely used, so use your creativity wisely.

By knowing what works and what doesn’t, you can get inspiration to create and post your videos in such a way that it will lead your viewers to click through your website. Videos get a higher ranking in search engines, so use this opportunity to get that traffic you truly want for your website. You can learn more from the one who knows video marketing the best through this intensive course on video marketing concepts.

The Behavioral Marketing Concept Has Revolutionized Online Advertising

In today’s modern world where more and more people are conducting businesses online, the marketing strategies have become crucial to have an edge in the competitive world of online advertising. In a scenario where many similar websites are vying for the attention of limited consumers, it would make business sense for a marketer or advertiser to identify the core group of consumers who are genuinely interested in his products and services. This enables the advertiser to prevent the tremendous wastage of efforts and resources which are incurred while randomly targeting all online visitors irrespective of their needs and interest in the product or service offered by the advertiser’s website. The Behavioral Marketing Concept has managed to bring this advantage of identifying the actual potential consumer within the smart advertiser’s grasp.

The Behavioral Marketing Concept focuses on consumers on the basis of their behaviors on Internet sites, rather than strictly by page contents. Clients who subscribe to the Behavioral Marketing Concept target other clients by aiming advertisements to categories or predefined segments. The advertisements and communication messages are created with information compiled from IP details and click stream data. An Internet user visits various interest pages in a category on a specific website. The user is then targeted by the specially created advertisements via a ROS (run-of-site) placement. Under the Behavioral Marketing Concept, the placement is not the key, but the Internet user’s behavior.

Advertisers and online publishers use the Behavioral Marketing Concept to boost the usefulness of various campaigns. The concept is to examine a consumer’s Internet behavior unobserved and then provide the most significant advertisement based on conduct. Theoretically, Behavioral Marketing Concept aids different advertisers in conveying the advertisement specifically to online users who are probably influenced and interested in the product and service on offer. Tacoda & Revenue Science are two leaders in the markets of Unites States of America, which focus strictly on assisting advertisers and publishers to implement Behavioral Marketing Concept.

Moreover, the big advertisement networks (Microsoft, ValueClick, Advertising.com and BlueLithium) have actually added the implementation of the behavioral marketing concept to their services and are able to incorporate it with demographic and geographic targeting. Google claims it will strictly target the marketing of advertisements based on the details of the particular page where the advertisement is displayed. This particular aspect of the behavioral marketing concept is referred to as Contextual Marketing.

Applying the behavioral marketing concept, in the latter half of 2002, Yahoo initiated its initial version of Behavioral Marketing. The product which also supported European and Asian scoring for visitors was known as “Fusion”. In the year 2003, Yahoo started a redesign initiative for its behavioral marketing profiling technology, known as Behavioral Targeting 2.0. Assorted improvements in visitor scoring, automated categorization, inventory predictions and enhanced reporting were all rolled out over the last several years. When it comes to privacy issues, a number of advocacy groups and online users are strongly concerned around this sort of behavioral marketing. However the advantages offered to advertisers and users will ensure that the concept is around for a long time to come.