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.

Why Business Analytics Is Essential for Running a Successful Business

WHY IS BUSINESS ANALYTICS IMPORTANT?
The foremost goal of any organization is profitability, and customer satisfaction is a huge component of the success of a business. When an organization innovates and stays ahead of its competition, it fulfills and goes beyond customer expectations. Many businesses still rely on ineffective, time-consuming traditional techniques for decision making processes that cannot keep pace with the competition.

The use of “Gut feel” in taking strategic decisions still plays an important role among business leaders. But does reliance on “Gut feeling” and “Traditional techniques” make for smart decision-making? What’s the best approach?

The technology boom has given rise to innovations in how data is used. Business analytics is the solution and the best move to ensure competitiveness in today’s era. To define the term: “Business analytics, one of the emerging fields in the data science, refers to the methods and various statistical and quantitative techniques used by an organization for informed decision making and business modeling”.

Analytics is the change that helps you to get your business on track. It assists the businesses to convert the humongous amount of generalized data into observation, patterning and vision.

BENEFITS OF BUSINESS ANALYTICS
What was discussed above is just an academic definition. Now let’s discuss why one needs to adopt it in business operations:

Fast decisions are easily taken, but what matters is smart decisions taken in a short period. It helps to inculcate faster and smarter decision making into business culture of your organization. With the help of business analytics, the company can empower a team for data analysis to extract targeted information. When a company accesses accurate and essential data, undoubtedly, it will take the right decisions.
Analytics helps in quantifying business values.
Most businesses provide training programs for fresh recruits or older employees where the core business values are imparted or refreshed. Instead, companies should go a step further and undertake the help of business analytics to translate business values into numbers. This is a more cost and time efficient undertaking.

CAREER PATH OF A BUSINESS ANALYST
A business analyst is one who assists organizations in the process of business analytics. The career path of a business analyst is not strictly defined as there are several options based on industry, qualifications, interests, preferences etc.

Training provides trainees with the skills and knowledge needed for a proper understanding and interpretation of data.
Training courses help students in getting exposed to data systems and tools like R, SAS, Python etc. making them eligible for various analytical jobs.
The best incentive for undergoing a course is that the industry-best average salary of a business analyst is Rs 491,522 a year. There are various skills that can increase the pay scale of a business analyst like project management, SAS etc.

CONCLUSION

The role of a business analyst is often seen as one that bridges the gap between different departments in an organization. There are various business analytics courses which can help you achieve all the benefits mentioned above. Candidates with these skills can help an organization to strategically improve operational efficiency.

Mobile Broadband is the Next Solution For People on the Move

Mobile telephones have become mere toys for our coming generations. We stay in contact with our family members, business and social activities through the web. in these demanding conditions, it’s become a requirement for companies to not only go browsing, but also mobile. Business mobility has massive outcomes and probabilities. Mobile Broadband gives your business the edge to excel and succeed in your field of experience. To make effective use of something, you have to know about it inside out.

Mobile Business Broadband is the term described to use the web at high use speeds, through devices,e.g. wireless modems, mobile telephones and laptops. Various network technologies are used for this process including GPRS, 3G, WiMax, LTE UTMS / HSPA, EV-DO and some satellite based systems. Mobile Business Broadband is beginning to become a more urgent way for us to use the web. the technology is still in an early enlargement period and characterized by seriously uneven offers from web service suppliers with mixed pricing structures, as well as chalk and cheese degrees of service performance.

In this highly patchy eventuality, service suppliers face a major test in developing interesting mobile broadband offers, which can drive market saturation while delivering a good level of purchaser service. Wireless advancements of today assure multiple reimbursements for business. Regardless of where on earth you are found or where you move to; if you need immediate access to the net, mobile business broadband is the solution. Across the world, in major urban towns, airfields, shopping centers and cafes, high speed services are available, which let you connect remotely.

By benefiting to 3G cellular technologies, workers and entrepreneurs can access their email accounts, surf the web and stay hooked up to their commercial networks while on a tight schedule, anywhere around the globe, twenty-four hours per day and 365 days a year. To make effective use of mobile broadband for your business, you want to speculate in a couple of things. First purchase a good 3G mobile telephone. Glaringly, Blackberry is the most fave choice; however if you’re into cost efficacy, you can select from Nokia or the Apple iPhone. Get the telephone on a good business plan and make efforts to do a market comparison before you purchase.

Second, invest in a computer, which should have Bluetooth and WiFi connectivity. You don’t have to go for something costly from Sony or Apple, even a second hand laptop with those discussed features, would get the job finished. 3rd and most significantly, you’d need a wireless modem or a wireless USB modem from a service supplier on a business contract. This will permit you to attach to the Net on the move and from anywhere, even if a WiFi hotspot isn’t available. Hopefully, all this info will help you in development of better decisions for your business and for you to go worldwide mobile.

High Income Through the Internet – Free Business Opportunities

Anyone who uses the internet surely is aware about what the internet can offer. High income business opportunities is just one thing the internet can offer. Many would think it’s a scam, some would think it’s their destiny. Many of us have tried these “get rich quick” schemes doing nothing. Well how do you expect to get rich if you don’t give any effort at all. No pain no gain the saying goes. And it’s true. You could be either extremely luck or took a life or death risk to be rich overnight. However, high income through the internet isn’t impossible.

Many have tried these high income business opportunities thinking they would just sit there and watch the cash roll in. That’s not what happens. Even if you earn money through the internet, you still need to do work and you should be really dedicated and hardworking when you work. Like a typical job at the office you would start to earn low, but little by little your income grows. It is business after all and not a game show where you earn money for playing games.

There are a lot of these opportunities found in the internet, both part-time and full-time. You only have to search for them and be patient. But of course some are nothing but scams who just want your money. They ask you to do some work for them and when it’s time to pay you they just vanish. The way to distinguish fraud from not is by researching the company’s reputation.

In the internet you can do what you enjoy doing. You won’t be stuck in the office day by day feeling bored and empty. You could be your own boss and earn more than what you use to earn through these opportunities. But of course as the saying goes “What you sow you reap” meaning how much effort you put in it that’s how much you get in return.

Here are a few Opportunities you could take advantage of through the internet:

1. Affiliate Marketing. Affiliate marketing is a form of marketing where companies pay you to advertise and post links on your website. When purchases are made in their company and the buyer found the company through your site then you get paid. The bigger the company the higher the amount they pay. It could be also through referrals and whatsoever.

2. Freelance writing. If you love to write and you’re quite good at it, many companies will pay for the articles you write. Usually they pay for each article you write and they usually give quotas. It is quite a good part-time job.

3. Web and graphic designer. If you have a skill on graphic and web designing, then this is your calling. Many companies would pay lots of money for you to build and maintain there website. Plus you get to design their websites too. Not only is it promising, it also is a very fun job.

4. Selling through eBay. What is eBay you ask? Well, eBay is a website where buyers and sellers worldwide do business transactions. You could be the entrepreneur you’ve always wanted to be in eBay. Do business with other countries and extend your business worldwide.

High-income business opportunities aren’t as rare as you think. You only have to look for them and remember that patience is the key to success.