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Creative Marketing
Studies have shown that those small businesses that develop and use a Creative Marketing plan out-perform those that don’t have a plan by 30%. The one confusion that 95% of all new business owners have that significantly decreases their ability to market their products effectively. You can create a successful plan for your small business yourself and that doesn’t require any special knowledge than a positive attitude and a cup of coffee.
Actually you need to chalk-out Creative Marketing strategies and ideas that unite the forces of marketing communications and technology; ideas that go beyond advertising ideas that lead to brilliant strategy and integrated execution across business itself, nothing else.
The Lifetime Value of Your Customer is perhaps one of the most important numbers in your business. Understanding your lifetime customer value will bring an entire new perspective to your marketing efforts and how much you spend to acquire new customers. This is another great concept in Creative Marketing i.e. understanding your customers and value them!
With so many choices in every market today, you must have something unique to differentiate your business from the next. If you don’t, your venture will be just another “me too” business, destined to end up in the pile of failed businesses. So, understanding your niche is the most important step coupled with Creative Marketing strategies.
It’s great to have a high-quality product or service, but if you can’t communicate how good it is to the public, then you’re no better than the “Joe Blow” down the street who sells junk. You must be able to create a compelling Creative Marketing message in order for people to sit up and take notice of your business.
If you don’t have a systematic referral program you are missing out on one of the simplest, lowest-cost ways to generate your highest-quality customers. Referrals are the lifeblood of small business – if you haven’t yet institutionalized a referral program, you’re making a huge mistake. The difference between word-of-mouth advertising and referrals, the business owner that doesn’t understand this difference will never get the amount of referrals they expect and deserve. You will have to understand the power of referral programs in Creative Marketing.
You’ve probably spent a lot of money acquiring your customers. Not only do you miss out on lost revenue when you ignore them, but you also flush your return on investment in acquiring your customers right down the tube.
Why spend a ton of money and effort chasing new customers when you can get them at a fraction of your normal acquisition cost with a just a simple question? Partnering with other businesses to get new customers is the key to increasing revenues while decreasing marketing costs. How to identify profitable joint venture partners that can flood your business with new customers with little to no cash outlay. How to approach your joint venture partner so that they’ll say “yes” to your proposition nearly every time is another step in Creative Marketing.
Too many entrepreneurs start their businesses with the idea that they’ll gain money, time, and freedom. The truth is that the vast majority of small businesses fail in the first five years and the ones that survive put their owners in either the psychiatric ward or divorce court! Creative Marketing includes the secret to finding the freedom that you intended when you first started your business.
Offering free giveaways to prospects and customers is a powerful business-building strategy in Creative Marketing that can result in a flood of new and repeat customers. It may seem counterintuitive to give away your products and services to build your business, but people can’t resist the lure of receiving something for free. Creative Marketing includes what to give away, when to give it away, and how to do giveaways.
Remember, all profitable and Creative Marketing strategies are based on a complete and thorough knowledge of the customer. Consumer research studies provide powerful information that can help you to create effective marketing strategies. You should understand the secret to knowing how to translate consumer research statistics into great marketing strategies that will make you money.
You don’t have to be an award-winning writer to create effective sales letters, which are one of the most important concepts in Creative Marketing. In fact, writing great sales letters is more science than art. Even the pros use proven “templates” to create sales letters that get results. Most employees make the mistake of answering phone calls as though they were interruptions rather than opportunities. You pay good money to make your phone ring, yet it’s costing your business thousands of dollars in lost revenue. Creative Marketing includes several strategies that will get your customers off the phone and into your business (and build a powerful mailing list at the same time).
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