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1. Calculate how many customers you need Based on the size of your business and your overhead costs , calculate how many customers you need to break even. Then, figure what you need to generate a healthy net profit margin. The figure should be realistic but the product of positive thinking. The figure you come up will make your marketing tasks more tangible and will serve as the basis to formulate a marketing plan. 2. Write a marketing plan A marketing plan is a strategy. It's one of the keys to getting your profits to flow. If you are the owner of a small business (which is the intended audience of this article), you may also want to think about the size of the client you can handle. Go after small fish before you chase the big ones. In general, smaller clients are more accessible than large ones. This plan will also enable you to grow your business at a sustainable rate without over-extending your capabilities and disappointing your new clients. Smaller clients are also less visible. Your coordinated effort to seek out smaller potential customers can be boiled down to two words: pace and perseverance. 3.Strategy: Planning The Pace Create a marketing calendar. Designate a part of your day that you can devote to researching new business leads ; whether it's on the web or through the yellow pages. Every day you will gain new insights into who your potential clients are and what their interests might be. Through persistent research, you can build client profiles and file them to a database everyday as you prepare to launch a custom-designed campaign that reaches out to your unique customers. 4.Launch the attack All of your efforts at new customer research will begin to pay off as you launch your marketing campaign. This can be an email blast, cold calls, or perhaps even a conventional advertising push (budget allowing) such as print, TV and radio. The key here is making your business stand out. One way this can be achieved is by putting a personal touch on your promotional efforts. As everyone's email In-box gets clogged with SPAM, a nice way to make an impression can simply be a well crafter letter (yes, the old fashioned kind). 5. Perseverance: Maintaining the attack From sending out custom letters to internet promotions, all of these outreach efforts must be maintained. A random mailing and email blast done here and there over the course of a year will not suffice. Though your expectations should be modest, your hopes should be high as you stick to your marketing strategy . A good marketing strategy can guide you through bleak territory to arrive at a prosperous destination.
Article Source: http://www.bharatbhasha.net Article Url: http://www.bharatbhasha.net/finance-and-business.php/137608 Article Added on Thursday, May 21, 2009
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