What are the key success factors an entrepreneur needs to know to market his or her business? What are the high impact tactics? How do you measure success?
1. Marketing Strategies for Entrepreneurs
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Marketing Strategies
for Entrepreneurs
How to Make the Most of Your Marketing Efforts
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•Essential Elements
•Where To Invest
•What to Expect
•Ensuring Success
•Conclusion
3
Agenda
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Let’s Get Started!
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•Essential Elements
•Where To Invest
•What to Expect
•Ensuring Success
•Conclusion
8
Agenda
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Essential Elements
Calibration
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Essential Elements
•Marketing is an essential element of any
business which wants to be successful
(That probably covers everyone in this room.)
•It has a two‐fold purpose
• Increase awareness
• Generate demand
•How do we best make that happen?
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Essential Elements
•Marketing ≠ Sales
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Product
Price Promotion
Place
Marketing
“Mix”
or
“The 4P’s”
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Essential Elements
•Marketing ≠ Sales
•KSFs
•Identify Target Markets
• Take An Outside‐to‐Inside View Of Your Business
• Identify Opportunities & Threats
• Know Your Target Customer
• Know Your Competition
•Continuously Monitor & Adapt
•Respond To Unmet Needs & Changing Trends
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SWOT Analysis
From the Outside Looking In…
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Opportunities Threats
Strengths
Weakness
Internal
External
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The SWOT analysis will reveal your firm’s
strategic advantages (and disadvantages) and
enable better marketing positioning of your
offerings vis‐à‐vis your competitors’ offerings.
The outcome will include opportunities for
market segmentation and clearer messaging for
your go‐to‐market strategy.
From the Outside Looking In…
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•Essential Elements
•Where To Invest
•What to Expect
•Ensuring Success
•Conclusion
15
Agenda
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•Define/Segment Your Market
•Everybody’s a Marketer
•Messaging
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Where To Invest Your Marketing $
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•Define/Segment Your Market
•Everybody’s a Marketer
•Messaging/Tactics
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Where To Invest Your Marketing $
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What’s Important to Your Prospect?
•Get inside the mind of your customers/prospects
•Find out why they would buy from you
... or why they would not
•Truly analyze/understand their needs
•Solve their problem
•Market the Solution
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Who/What Is Your Target?
• Who Is Most Likely To Buy From You?
• B2B?
• B2C?
• What Does the Decision Maker “Look Like”?
• CEO or other C‐level Executive
• Operations Executive/Manager
• Logistics Executive/Manager
• …
Where To Invest Your Marketing $
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More on Your Customer/Prospect
‐ Demographics
• Demographics are important because they
involve people, and people make up markets
• Demographics may include age, geography,
educational characteristics, and diversity
Where To Invest Your Marketing $
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More on Your Customer/Prospect
‐ Segmentation
• The consumer market can be split into age
groups, ethnic group, or buying habits. Each
group has needs that can be identified.
• The commercial market may be more easily
identified by industry, geography, etc.
Where To Invest Your Marketing $
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Messaging may be different for each.
Determine where your audience “lives”.
Where will you most effectively reach him/her?
Online? Offline?
Where To Invest Your Marketing $
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Decision:
Who needs what kind of advertising for my product?
How do I position my brand?
Tip:
What are your competitors doing?
Where To Invest Your Marketing $
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•Define/Segment Your Market
•Everybody’s a Marketer
•Messaging/Tactics
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Where To Invest Your Marketing $
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•Tap into your resources
•Product knowledge
•Market knowledge
•Demographic knowledge
•They are your eyes, ears and best advocates
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Everybody’s A Marketer
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•Define/Segment Your Market
•Everybody’s a Marketer
•Messaging/Tactics
27
Where To Invest Your Marketing $
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•Messaging is key to your success as a marketer
•What “language” does your audience “speak”?
•How/where will you “connect” with your
customer or prospect?
•Tactics will be different depending on the audience
• Consumer
• Business owner
• Media
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Messaging
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•Branding
•Web
• SEO
• SEM/PPC
• Analytics
•Email – Constant Contact or similar
•Social Media Strategy and Implementation
• Facebook, Twitter, LinkedIn, YouTube, Vimeo, Quora,
Pinterest, Instagram, …
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Tactics
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•Public Relations
• Radio
• Television
• Print
• Electronic
•Advertising
• Internet (Banner, etc.)
• Print
• Radio
• TV
• Outdoor
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Tactics
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•Blog
•PowerPoint Presentation(s)
•Marketing Collateral
• Brochures
• Flyers
• Rack Cards
• Media Folders
•eBooks
•Networking
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Tactics
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•Association Memberships
•Community Involvement
•Testimonials/Feedback
•Awards and Recognition
•Event Marketing
•Trade Shows – traditional, and now online, too
•Webinars
•GoToWebinar, GoToMeeting, Join.me
•Podcasts
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Tactics
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•Essential Elements
•Where To Invest
•What to Expect
•Ensuring Success
•Conclusion
34
Agenda
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•Great marketing is a process, not an event
•Establish a realistic budget
•Establish a timeline
•Editorial calendar
•Tactical execution schedule
•Create metrics
•Allow time for your campaign to “grow legs”
•Measure progress
•Make course corrections where needed
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What To Expect
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•Build and Maintain a Great Website*
•Keep it fresh
•Make it engaging
• Blog content
• Video
•Use SEO
•Social Media*
•Be where your customers (and competitors) are
•Use video*
•Social media is not a “spectator sport”
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High Impact Tactics on a Budget
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•Public Relations
•Let the world know you’re out there
•PR helps your search engine page rank
•Make press releases “keyword rich”
•Tell Everyone Your Story… succinctly!
•Leverage Your Network “to the Max”
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High Impact Tactics on a Budget
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•Essential Elements
•Where To Invest
•What to Expect
•Ensuring Success
•Conclusion
39
Agenda
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•More traffic should arrive at – and stay on –
your website
•Your phone should ring more
•Your inbox should be more active
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What To Expect
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•The market will change
•The tools will change
•You will be busier
•Plan accordingly
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What To Expect
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•Essential Elements
•Where To Invest
•What to Expect
•Ensuring Success
•Conclusion
42
Agenda
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•Most entrepreneurs/startups are strapped for
resources, whether time, money, people, or a
combination of the 3.
•Utilize fractional resources where possible so
you do not miss market opportunities.
•Capitalize on your market opportunity!
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Conclusion
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A Goal is a Dream
with a deadline
Zig Ziglar
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•Most entrepreneurs/startups are strapped for
resources, whether time, money, people, or a
combination of the 3.
•Utilize fractional resources where possible so
you do not miss market opportunities.
•Capitalize on your market opportunity!
45
Conclusion
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Ken Countess
Managing Director
The Countess Group – Marketing & Communications
UCFBIP Partner
kc@thecountessgroup.com
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@CountessGroup
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Thank You!
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