Dear Amanda:
You have great enthusiasm. This quality provides strength to an
entrepreneurial group such as yours. To capitalize on that strength,
however, you need a battle plan. Your friend's business seems to be very
widely spread out. When you try to be everything to everyone, you are
fighting a losing battle. Here are some first steps you should take:
1. Define what you will offer.
Can you define your core product (this is the one your business does best
that has a strong market need and is profitable to do)?
2. Define who you will offer this to.
Can you define your ideal customer? You can define this customer in any
number of ways: by industry type, size of business, length of time in
business, etc. Who are your existing customers, and where did you find them?
Are they sole proprietors? Corporate customers? Why did they purchase your
friend's services? Based on cost, relationship, quality? The answers to
these questions may offer a clue as to your ideal customer.
3. Locate your market geographically.
Where is your market, geographically speaking? Do you want to serve local
clients, national, global? This will determine where to do your marketing.
4. Create and marketing and sales plan based on the above.
Your next steps should be creating a marketing and sales plan directed at
your target customer. When creating your marketing and sales plan, determine
your Unique Selling Proposition (USP). This is the "aura" you want
to convey with every product or service. Make certain you provide a benefit
message in your ads, PR, direct marketing, web site (if any), etc. By way of
example, Lands End conveys old time values of quality, reliability and
origin. McDonalds: speed and consistency. Victoria Secret: sexy, pampered.
Ford: tough. Disney: family entertainment.
A typical marketing and sales plan will be one year into the future. You
may want to plan 3-4 promotion cycles within a 12-month period to test and
modify your efforts as needed.
5. Seek help from an informal board of advisors.
If you haven't already done so, create and informal group of advisors --
professionals in marketing and sales of your type of products and services,
who would assist you in some manner (at little or no cost initially). Strive
to find four to seven quality individuals who will mentor and nurture your
young group.
It can be difficult at first getting your market to recognize you. When
youk have completed steps 1-3 above, develop a portfolio based on your core
product and targeted to your ideal customer. Use this when meeting with
potential new clients. If you do not have enough items for this portfolio,
consider offering these services for free or at-cost to high-profile
charities in your geographic market. This will bulk up your portfolio while
beginning to make a name for your business in the community.
Best wishes to you, Amanda. Let us know how it goes.
About the PowerHomeBiz.com Guide:
Yvonne
Buchanan is a 20-year veteran of public relations, marketing and advertising.
She teaches public relations courses online for career changers, freelancers
and students through The PR Academy www.learnpr.com
and is co-founder of Real-World PR www.realworldpr.com
, a public relations information provider for small businesses. Real-World PR
offers public relations toolkits (manual/CD combinations) that allow small
business owners to create and maintain their own public relations programs.
The opinions expressed in this column are those of the
author, not of PowerHomeBiz.com. Users should not treat the Guide's response as
legal, accounting, or professional advice as all answers are intended to be
general in nature. Such advice can only be properly given by qualified
professionals who are fully aware of a user's specific geographical areas or
circumstances, such as an attorney or accountant.