Business Marketing - Small

In Business Marketing, Small Markets Bring Big Returns

If you want to go big with your business marketing, small markets are the key to big successes. According to the Small Business Administration, 90 percent of the customers for most locally owned businesses live within a 10-mile radius of the business location. Thus, if you own a business in Marine On Saint Croix MN, it makes sense to focus your marketing efforts on the Marine On Saint Croix MN or at most in the Minnesota market because youll be putting the bulk of your marketing money where they'll do the most good.

Of course, when it comes to business marketing, small isnt just a geographic thing. If you sell baby food, you want to market to parents with babies. If you sell luxury homes, you want to market to wealthy people who are looking for an upscale home. In every type of business, marketing small means identifying your most likely customers and targeting your marketing efforts directly to them. Not sure how to do that? These steps can help you take your business marketing small.

Identify Your Ideal Customer

Get as specific as possible when identifying your ideal customer. The more detailed your picture is of your target market, the more tightly you can focus your business marketing. Small demographics are easier to reach.

Shape Your Image to Appeal

Once youve identified your target market, look for ways to shape your image to appeal to that market. Choose images, colors and marketing approaches that will resonate with your ideal customer.

Design Your Marketing Promotions to Attract

Discounts and sales are only one type of promotion, and theyre not always the most effective. Social marketing tactics, such as having a Ladies Night with complimentary wine or offering a special gift when you bring a friend can bring in customers you wouldnt otherwise reach.

Advertise in the Right Venues

Finally, to take your business marketing small in effective ways, advertise in the venues and on the platforms that are popular with your ideal customer. If you sell fishing equipment, for example, place display ads on discussion forums that cater to fishermen. A bonus effect is that the advertising rates on small websites are often less expensive.
In business marketing, small efforts can really pay off big. Follow the steps above and give it a try for your own business.