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Market
Your Business on a Shoestring Budget
Researched
& Written by Karen Barnes from IAHBE
Q:
How can I market by home business on a limited budget?
A:
There are many ways that you can market your home based or small business
on a limited budget. You don’t need to have the funds that a large
corporation has in order to get your business seen by millions. This is
the beauty of the Internet.
The
first thing that you will need to do is create a professional corporate
identity. You will want to do this once you have your products and services
in place on your own website or catalog. I will go further into some of
the techniques that you can use and how you can create your own corporate
identity.
Defining
Your Corporate Identity
As
a business owner you will make the decisions about the typeface, colors,
paper, and the overall identity of your business, because these details
will help deliver your image to your constomers.
Your
business identity appears on anything that leaves your home-based business
office. This includes your business cards, direct mail postcards or other
mailings, brochures, Websites, notecards, letterheads, and envelopes.
You will want the logos on any of your marketing and office items to look
as professional as possible.
These
three elements are what your corporate identity will consist of:
Company
Name
Tagline
or Position Statement
Company
logo or the unique mark
Why The Corporate Identity Is Important
Your
corporate identity tells the world that you do mean business and allows
you to enter the business world with a splash and an immediate demand
for your services or products. You want to make sure that you have your
corporate identity right the first time, because if you don’t it
is difficult to go back and correct it later.
Your
corporate image defines the value you set for your customers and a powerful,
unified image of what it stands for.
This
is the overall impression that you want people to see in your company.
You want your image to say that you and your business can project excellence
and that you can deliver on what you promise your consumers.
Your
corporate identity is an investment in your company before it becomes
an expense to your bottom line. This is due to the fact that your identity
is communicating a a sustainable branding image for your targeted market.
Business
Cards, Brochures, Other Marketing Materials
When
it comes to the marketing materials, you will want to leverage every piece
that leaves your office. This includes your invoices, letters and envelopes,
e-mails, business cards, flyers, and any other source that you choose
to use to get the word out that you are open for business.
Make
sure that your logo, address, phone number, e-mail address, and website
are on every piece that leaves your office. With these things on your
marketing materials, your targeted customers will know how they can find
you in the real world as well as the Internet world.
Setting
Up Your Business Cards
When
you set up your business cards, use both sides of the card to maximize
your exposure. Why not, you are paying for the cards anyway, though you
will pay a little more for copy on the back of your card. Do not leave
the reverse side of the card blank because you are missing out on a valuable
part of introducing your company to potential clients.
Here
are a few tips to help you set up your business cards for their fullest
advertising potential:
Your
corporate identity—You want to provide your logo, company name,
and tagline/ position statement. After all, this is why you set up your
corporate identity.
Your
mailing address and e-mail—Many people in the USA use e-mails as
a primary way of communicating. You will want a professional-looking e-mail
address—not one from Yahoo, Hotmail, or any other free e-mail account
as this will show that you are an amateur. For instance, Yourname@yourbusiness.com
is a more professional e-mail over IAMSOCUTE@yahoo.com. You will also
want to include your mailing address. Many still like using the Postal
Service for conducting business and transactions. You may want to consider
renting a postal box to receive your snail mail. If you choose to use
your home mailing address instead, add a suite number to the end of your
mailing address. The postal people will know that it still goes to your
home and not to a commercial area.
Your
phone and fax number—If at all possible get a separate line for
your business and create a voice mail greeting. Some people use their
cell phones as their business lines rather than adding another line to
their home phone lines. If you don’t want to receive phone calls
after business hours, turn off your cell phone and let the voice mail
take your calls. This can be considered a way to “hire” a
virtual assistant in the process.
List
your services—This is where the back of your business card comes
into play. You can list your products or services on the back of your
business card. When a potential customer picks up your business card,
even months after you gave it to them, they will know why they have your
card due to the information on the back of the card. This will give you
the advantage over your competitors.
Your
Company Brochures
In
most cases, creating a company brochure is a great idea. If you feel this
isn’t a task you want to tackle, try a professional looking folder
that you can customize by inserting individual sales sheets, product and
service information, and other marketing materials such as a press release,
newspaper clippings, or a comparison price list into.
For
those who want to take the brochure route, the key to your brochure’s
success is leveraging its use. You will want to choose a format that you
can use to serve a dual purpose.
When
you choose a format that allows you to mail your brochures, you can also
take them to trade shows as a marketing piece and any that you have left
over can be used as a direct mailing piece later.
For
example, in Microsoft Works there is a tri-fold brochure that allows you
to use one section as a mailing section. You can add your return mailing
address in the upper left hand corner of the center back section of the
brochure.
Here
are some elements that you should include in your brochure or folder:
Your
corporate identity—You will want to add this to your company brochure
too. This information is the same as your business card corporate identity.
Your
information on the value you provide—Let your customers know that
they are better off doing business with you rather than your competition.
You do not want to talk ill of your competition though. Prove that what
you are offering is of better value to them.
Company
Information—You will want to have your contact information, hours
you are open, the background of your company, and the products and services
you offer.
A
visually appealing layout—You will want to make sure this is consistent
with your corporate identity.
A
call to action—Make it clear what you want the reader of your brochure
to do once they are finished reading your brochure.
You
will want to follow up with everyone to whom you give any marketing piece.
When you have sent out the mailing pieces to the potential customers and
once they have received it, call them in a few days to check when a good
time to set up an appointment would be. You won’t want to become
too pushy in this area, as that has a tendency to turn people off.
More
Shoestring Marketing Materials
Below
is a list of other marketing material options that home-based businesses
can use with the three marketing vehicles that have been touched upon
so far:
Oversized
postcards—they can be used for announcing a new business or advertising
special offers.
Data
sheets—These can be used for a greater level of detail about your
products or services.
Electronic
Newsletters—These can be used to market to those who want your business
information via the Internet. You can also keep your existing customers,
as well as potentially new customers, up-to-date on the events that are
happening with your business. This can also cut back on your printing
and mailing costs.
Preprinted
clamshells—Clamshells are hinged, fold-over custom contoured double
blisters which allow two-sided product visibility. They are generally
designed so that they may hang or be free standing on a counter display.
These are good tools for a small business to use. These can be printed
with your company’s most up-to-date information and these can be
printed from your own computer while still delivering a professional and
consistent corporate identity.
Once
you have a strong corporate identity, your marketing pieces will far succeed
your expectations. Now you will be able to create professional pieces
that will leverage their use in maximizing your investment.
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