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Sunday, October 12, 2014

7 Weeks of Business Tips...week 1


7 Weeks of Business Tips, 5 Tips a Week


Week 1:

#1 SLEEPING WITH THE ENEMY

You need to know EVERYTHING about what your competitors are doing. Collect their ads, brochures, print out their website snd STUDY them for their strategy, product or service features, and benefits. We call that sleeping with the enemy.

#2 Q & A WITH YOUR CLIENTS

Do you REALLY know why your customers chose you? Was it price, service, quality, all 3? ASK them: Why did you choose me and how can I serve you even better? Wow, so simple. Talk to your customers!

#3 LESS IS CHEAPER, MORE IS BETTER

OK, this street runs North AND South. Here are 2 choices for you to ponder in your marketing. ONE: Offer a simpler/cheaper/smaller version of your product or service. TWO: Just the opposite: Offer a fancier/bigger/more expensive version. Think about it: Is what you're offering now absolutely the only and best way? This one trick could change your business.

#4 WE CALL THIS INTERNAL MEDICINE

Get a Marketing Intern from an area college to take you on as a client. It will give the intern experience and ptovide you with some very inexpensive marketing help. Check with the Business School of your local universities.

#5 BARTER, BAY, BARTER

So "old school" yet so good. Offer discounts to members of certain clubs/professional groups/organizations in exchange for promotions in their publications.

 

Tune in for more tips next week

 
Marty Kahn, SCORE Mentor


 

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