Components of Marketing Plan for Small Business and Entrepreneurs
As I did further research on putting together a Marketing Plan for my business I found a great deal of information on the topic. A point that was immediately evident is that whether you are marketing a service or product one of your biggest challenges is to determine how you will reach your customers.
One publication recommended doing a study of what your competition is doing since they would already have done the research to find out what works best.
This reminds me of a study I did several years ago for a business project, which showed that two of the largest national hardware stores in the United States are often built in close proximity to each other. The major chain built a store in an area only after careful study of the demographics, etc. The other chain took advantage of that research and built a store in the area as well.
The following are some offline and online marketing methods that can create growth in your business:
- Blogging
- Article Marketing
- Social Media
- Affiliate Marketing
- Teleseminars
- Press Releases
- Printed Materials – business cards, brochures, and flyers (more…)