In Regards to Marketing… let Freedom Ring!

“Freedom has its life in the hearts, the actions, the spirit of men and so it must be daily earned and refreshed -- else like a flower cut from its life-giving roots, it will wither and die.” -- Dwight D. Eisenhower (34^th President of the United States from 1953-1961)

Every 4^th of July, with barbeques blazing and skyrockets soaring, here in the states, we sure know how to celebrate our freedom. And fortunately for us, the extent of our freedom goes way beyond that very special day. As Americans, our civil liberties grant us the right to be, do, or have whatever we want, so long as we abide by our laws and no one gets hurt in the process.

Our limits become only the ones we set upon ourselves -- both personally and professionally. So in essence, freedom is not enough; it’s how we exercise our freedoms that make us truly free.

Let me explain.

Whether you are either an independent professional or a small business owner, your freedoms of speech and self-expression allow you to promote and “brand” yourself and your business pretty much however and whenever you choose.

Essentially, you’re the artist. You paint the picture you want your target market to see. Then you show it to them whenever you want.

Now unless you’re playing out a specific game, withholding that picture from those who could clearly benefit from it is simply negligence -- that is, once again, so long as you don’t have a specific reason for doing so.

As a marketing coach and consultant, it amazes me how often I see businesses for whatever reason being stingy with their marketing, yet complaining that business is slow. I’ve heard 1001 excuses why they couldn’t market themselves… “I have no money”… “No time”… “I don’t know how”… etc. etc. etc. I’m sorry but with today’s resources available, especially with the availability of the Internet, there just is no excuse.

I firmly believe that it’s our duty as businesspeople to consistently educate our target market on what we make possible for them through our products and services -- our marketing is simply a vehicle for communicating that.

As a free market society, it’s sometimes easy to forget just how good we’ve got it. Imagine a world where you weren’t free to market your business. How would your target market find you? How would they know to even look for you in the first place? How long do you honestly think your business would last? -- Probably not very long.

Well lack of marketing will most certainly bring the very same result. But what’s worse is you having a choice of either success or failure and choosing failure by opting to not market yourself effectively.

In our free market society, your marketing becomes the sustenance needed to make your business not only survive, but thrive. Stop nurturing your business by not marketing, and it will most certainly wither and die.

In a nutshell, effective marketing builds strong roots, and strong roots bear healthy fruits.

So in closing, I’d like to leave you with some questions to ponder. Are you fully leveraging the freedoms available to you and effectively marketing your business? If so, how and how often? Do you have a marketing plan? If so, does it position you to fully leverage the freedoms bestowed upon you?

© 2007 Online Marketing Muscle -- All Rights Reserved.

Want to use this article in your newsletter, blog or web site? You have my blessing so long as you include the following complete blurb with it (including links).

Liked this article? -- Then you won’t want to miss Long Island-based marketing consultant, coach, and entrepreneur Dean Mercado’s highly acclaimed marketing blog 'The Motivational Marketer’s Journal'. Additionally, for even more small business marketing and success tips, sample the latest edition of his FREE marketing tips newsletter, the 'Marketing Minute' -- a weekly multimedia e-zine designed to give you a jolt of marketing wisdom in less than 5 minutes.

Technorati Tags: marketing articles, Dean Mercado, target market, marketing plans, marketing planning, marketing coach, marketing consultant, small business marketing

5 Factors To Look For When Choosing The Perfect Target Market

As a marketing coach and consultant, one of the biggest and costliest mistakes that I see small businesses make time and time again is that they’re neck deep in their business and they still haven’t clearly defined their target market. They continue to try to be everything to everyone -- that’s just not realistic -- and unfortunately, that usually ends in them being nothing to no one.

As one of my marketing mentors, Dan Kennedy says it, it’s critical that you “find your herd”. Your “herd”, or your “who” as I call it, being your ideal target market -- your perfect prospects and clients so to speak.

It’s critical that you understand that that your “who” is more important than your “what”. In other words, it’s more important to be clear on who you’re serving than what you’re serving them with. The “what” will most definitely change in one way, shape, or form over time as you target market’s wants and needs change.

So how does one go about choosing the ideal target market for their business?

Well here are my 5 factors to look for when choosing the perfect target market.

1. They’re Hungry!
Your target market should already want or need what you offer and the more insatiable the appetite, the better!

The key word here is “already”. If they don’t already want nor need what you offer, it will ultimately cost you much more in marketing dollars to educate them on what it is you do offer and why they should buy it now.

2. They’ve Got Cash!
Simply put, it doesn’t matter how hungry your target market is. If they can’t afford to buy what you’re selling, they may not be a good target market for you – you simply can’t draw blood from a stone.

However, there’s always the possibility of finding someone else who can afford you on their behalf. In other words, look for others who have the cash that would stand to benefit from your shared target market having access to what you offer and market your idea to them.

3. They’re Easily Reachable!
The harder it is to get in front of your target market, the more expensive it gets -- and for small businesses, that typically spells disaster. Unfortunately or fortunately, small businesses just don’t have that bottomless pocket full of cash to spend on marketing themselves -- this forces them to be smarter and more creative marketers.

Bottom line here is you don’t want to make your job any harder, or more expensive, than it has to be, so pick a target market that you can get to easily.

4. There Are Enough of Them Around!
A proper target market has to be large enough for you to not only survive, but thrive. Chances are that if there are only a handful of prospects interested in what you offer, unless your product is extremely consumable, it may be difficult to sustain your business -- let alone grow it.

Bottom line; pick a target market that’s sizable enough for you to serve and relentlessly go after its sweet spot.

5. You Like Them!
You know, some people may think this one is silly, however I’m a firm believer that if you generally like those you serve, you’ll serve them better. And the better you serve them, the better you chances of increasing your market share.

Bottom line here is that life is too short to spend your most precious commodity, your time, with people you don’t like. So why do it? Even if the money is good, chances are that eventually you’ll feel unfulfilled -- so play with people you want to play with.

So in closing, don’t make your job any harder than it needs to be. Clearly choose and define your target market, right from the get go. Take the time to find out everything you can about them -- know their demographic and psychographic profiles -- Be able to answer such questions as: What are their interests? Where do they hang out? And what makes them tick? An understanding of the answers to these very simple yet profound questions can make or break your business.

© 2007 Online Marketing Muscle -- All Rights Reserved.

Want to use this article in your newsletter, blog or web site? You have my blessing so long as you include the following complete blurb with it (including links).

Liked this article? -- Then you won’t want to miss Long Island-based marketing consultant, coach, and entrepreneur Dean Mercado’s highly acclaimed marketing blog 'The Motivational Marketer’s Journal'. Additionally, for even more small business marketing and success tips, sample the latest edition of his FREE marketing tips newsletter, the 'Marketing Minute' -- a weekly multimedia e-zine designed to give you a jolt of marketing wisdom in less than 5 minutes.

Technorati Tags: Dean Mercado, target market, marketing plans, marketing planning, marketing coach, marketing consultant, small business marketing

The "5 W’s of Marketing" -- A Simple Technique to Getting Your Marketing Campaigns off on the Right Foot

Being a marketing coach and consultant, as well as a small business owner myself, one thing I clearly understand is that most small businesses simply aren’t fortunate enough to have an unlimited supply of marketing dollars -- money for marketing is typically tight. Therefore, in order to squeeze the most results out of those marketing dollars, a small business must carefully plan, craft, and implement all marketing initiatives.

Now since marketing should never be a one-time thing, I like to batch my marketing into campaigns. Campaigns that have real goals that can be measured -- otherwise how do we know if our marketing efforts have been successful or not.

That being said, I’d like to share with you a portion of my marketing planning process that I revisit at the onset of any marketing campaign I engage in -- whether for my business or for any of my client’s businesses -- it what I call the "5 W’s of Marketing".

The 5 W’s are simply the "who", "what", "when", "where", and "why" of your marketing and they are as follows:

The First "W": The "Who"

In a nutshell, this is your target market -- this is who you intend on selling your products and/or services to. So who are they exactly? Who are you going to market to?

The Second "W": The "What"

What exactly are the product and/or service you are marketing? And what are the benefits they bring? If you’re not crystal clear on what you’re really selling, there’s a good chance your target market won’t be either -- and a confused mind does not buy.

The Third "W": The "When"

When it comes to marketing, both timing and consistency are critical. So when do you intend to start marketing your product and/or service? How long do you intend your marketing campaign to last? A common understanding amongst marketers is that on average it takes at least 4 touches or contacts with your target market to just get on their radar, and at least 7 for them to consider buying from you. Therefore, it probably makes sense to plan at least 7 touches into your marketing campaigns. Now it’s also important here to determine at what intervals you will make each touch. In other words, day 1 you’ll get in front of your target market this way... day 3 you’ll get in front of them that way... day 7 this way... and so on.

Rule of thumb: erratic marketing = erratic results... consistent marketing = consistent results!

The Fourth "W": The "Where"

These are the marketing mediums that you will use for your marketing campaign. Marketing mediums are simply the paths we use to communicate our marketing messages to our target market. So where will you do your marketing? What mediums will you use and why? What mediums does your target market prefer? Knowing how you target market prefers to be communicated with can go a long way here.

The Fifth "W": The "Why"

This is your purpose for marketing. It defines what you expect to accomplish from your marketing efforts. So why are you planning on marketing your product and/or service in the first place? What results do you expect? Do you want to increase sales... establish your credibility... broaden your reach within your target market... or, all of the above? My point is to just be clear on your "why".

So in closing, I’m going to be a bit harsh here so hold on to your seat for a moment. Conducting any marketing without being clear on your 5 W’s is essentially negligence -- it’s a blatant misuse of your company’s time and money. So my challenge to you is to take the necessary 15 minutes to think through, document, and communicate the 5 W’s of each marketing campaign with all those involved with helping you make it happen.

© 2007 Online Marketing Muscle -- All Rights Reserved.

Want to use this article in your e-zine, blog or web site? You have my blessing so long as you include the following complete blurb with it (including links).

Liked this article? – Then you won’t want to miss Long Island-based marketing consultant, coach, and entrepreneur Dean Mercado’s highly acclaimed marketing blog ‘The Motivational Marketer’s Journal’. Additionally, for even more small business marketing and success tips, sample the latest edition of his FREE marketing tips newsletter, the 'Marketing Minute' – a weekly multimedia e-zine designed to give you a jolt of marketing wisdom in less than 5 minutes.

Technorati Tags: Marketing, Marketing Planning