Your, I Mean YOUR Marketing Concept

Let’s start with a definition:

Management philosophy according to which a firm’s goals can be best achieved through identification and satisfaction of the customers’ stated and unstated needs and wants.

OK, it sounds rather clinical but it’s a pretty simple concept. Easy to understand but not so easy to implement. Every business is different and needs it’s own marketing concept. My marketing concept will not work for you because of many factors. Considerations to be made in every business include:

  • Your location.
  • Your products.
  • Your customers.
  • The time of year. (or month, or season)
  • Your competition.
  • If you are a physical location or an internet business.
  • Your budget for marketing.

Your marketing concept must take these points into consideration. Answer these questions and you’ll have a good grasp on what you need to do.

  • Your Location.

Particularly if you have a brick and mortar location, you need to know your area. Are you in an urban or rural location? What is the population of the area you want to serve? Are your potential customers willing to travel to where you are to buy what you offer?

  • Your Products.

What a your products and/or services? What sells best? What has the biggest profit margin? What is your “signature” product? What product or service is unique to you and your business?

  • Your Customers.

This is the most important item to consider for your marketing concept. We could spend hours talking about knowing your customers but for our purpose, let’s consider a few questions to answer. Are they mostly male or female? What is the average age of your best customer? Where do they live? What is the average income of your ideal customer? Write a paragraph or 2 describing your ideal customer. Do people shop online for the products that you sell? Are your products and/or services considered a luxury or a necessity? If you live in an area that is experiencing high unemployment, will people still be interested in your offer at the price you are asking? These are just a few questions to be answered. Given your particular situation, I’m sure you will come up with more.

  • The Time Of Year. (or month or season)

Many business marketing concepts have to take into consideration what time of year it is. Take for instance where I live. Here in Northern Michigan we live in an area that depends on tourism. In the summer we see a great increase in population and many businesses rely on good summer sales to make them profitable for the entire year. In another town, Frankenmuth, Michigan, much of business there is related to the Christmas season. (If you’ve never been to Frankenmuth, you owe it to yourself and family to make the trip. Especially to see my old buddies Kevin and Ron Kern at Kern’s Market!).

  • Your Competition

Knowing your competition is key to your success. What are your differences? Are your prices in line with the others? (Not that price is the most important factor, but it puts you in the game to be competitive.) Is your customer service better than theirs? If not, what changes do you need to make? How close are they to you? Do you compete with them or do they compete with you??? Think about it!

  • Physical store location or an internet business.

Depending on your focus, either or both can be very successful if you plan it out. Here are some questions. Is you store location easy access to walk by traffic. Does what you sell rely on impulse buying? What is your parking situation? Is it easy to get in and out of your store and does it have good handicap access? Do your hours of operation match with your customers shopping habits? Does your store have a public bathroom? Is the lighting good?

If you run an Internet business, how are your skills at SEM and SEO? Do you use WordPress for your website? How are your writing skills?

  • Your Marketing Budget.

Important here is, make a plan and follow it. Nothing will kill a great business quicker than poor funding. One of the great things about an Internet business is that it can be started and run on a shoestring, this isn’t meant to discourage you from a brick and mortar business, but it is the truth. Anyway, Questions: What is your largest funding source? Who do you have to answer to, if anyone, before spending money on marketing? How much does it cost for a Yellow Page ad? Is that where your customers find your products? Other places to advertise can be: local newspapers, Craigslist, Google AdWords, radio (can be a great source), TV, word of mouth (the BEST if your existing customers love you!) and some other things coming up that can really change the marketing game and give you the advantage you deserve.

This article is meant to get the old inventive juices flowing and I’m sure you can come up with many more questions to answer. As always, the more you learn, the better chances for the success you want. America is still the BEST place to be when it comes to business start up (and for everything else). Time to build your dreams. YOU CAN DO IT!

Six Video Marketing Concepts on Driving More Traffic to Your Website

Video marketing is one powerful tool that you can’t miss adding to your Internet marketing arsenal. It is because search views in YouTube and other video websites increase in thousands each day that you should take advantage of this opportunity. Video is a sure fire way to get your website, products or services the attention they deserve in the World Wide Web. Here are a few video marketing concepts that you need to know before embarking on this type of Internet marketing campaign: 

1.      The Basics Involved in Video Marketing

Before getting too excited regarding how to use videos in driving more traffic to your website, you first have to know some basics which will form the foundation of your Internet marketing campaign. Video marketing concepts such as creating your own account in video websites such as YouTube is a must long before you can create a heyday of website traffic.

2.      Creating Your Own Video

Most people think that the video marketing concept such as making videos is rocket science, but actually it isn’t. There are many easy ways to record your own video, make a PowerPoint presentation, and using any movie maker software available to finally create your own video masterpiece in a jiffy. Never forget to write your brand or website on your own videos so as to avoid it being stolen. This is also to ensure that more and more people recognize your brand so as to drive more traffic to your website.

3.      Writing Content For Your Video

Writing effective content for your video is another indispensable video marketing concept to take note of. This creates an edge to your Internet marketing campaign as you will help more and more people understand what you are trying to deliver. Content in videos is also highly subscribed by people than the usual written article. Another thing to take note of in writing content is that you should include keywords to make your video highly searchable.

4.      Posting Your Video

If you are already confident with the video that you have created plus the content you have written on it, then it is about time that you release it to the World Wide Web through free video posting websites such as YouTube, Metacafe, DailyMotion and more. Remember that you must post it in as many video websites as you can to gain more coverage in traffic, if you are posting to only You Tube, you are missing 25% of the market and it can be done with less work then posting on You Tube. This may seem like the last video marketing concept that you should know, but actually there is more.

5.      What to Do After Posting Your Video

After posting your video, another video marketing concept to take note of is that you should track the progress of your videos. All of your hard work will go to waste if you don’t update yourself on how your videos are doing.  

6.      Learning From the Experts

There are still so much more that you need to understand about video marketing concepts. You no longer need to guess in the dark anymore as all of the dirty work has been done for you already. You need an expert who knows video marketing the best. So go grab your very own intensive course on video marketing concepts as this reveals the secrets to truly becoming a successful video marketer.