ten tips for marketing your business to grow in a shrinking economy

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TEN TIPS for Marketing Your Business to Grow Nancy Wilhelms May 14, 2009

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Learn simple and inexpensive things you can do, plus tips and creative ideas from the pros to better market you and your business in today's economy.

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Page 1: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

TEN TIPSfor Marketing Your Business to Grow

Nancy WilhelmsMay 14, 2009

Page 2: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Why it’s important:

We’re in a brand new ballgame!

Page 3: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Getting Started

• Introductions - Name and business

• What questions would you like answered or discussed today?

Page 4: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Goal

• Make you think about

• Marketing your business

• Marketing yourself

Page 5: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

The same dilemma

• When there’s little business out there...how do we get the customers to come to us?

Page 6: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#1 Communicate BENEFITS of what you do!

Page 7: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

What is the RESULT?

• Granite installer: “I make homes more beautiful with granite.”

• Bedding store owner: “I help people get a good night’s sleep.”

• Realtor: “I help families achieve the lifestyle they dream of.”

• Chamber Exec: “I help local businesses succeed.”

Page 8: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Exercise

• Let’s take a minute to write out the benefit(s) of what you do.

Page 9: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#2 Know your customers

Page 10: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

They are your best asset

• Your best source of repeat business

• Your best source of new business

• Your best source of referral business

Page 11: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Market to, in this order

• Current customers

• Friends and family of current customers

Page 12: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

and very last...

• Tall dark strangers

Page 13: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#3 Target your customer

Page 14: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Go where he/she goes

• In media

• In habit

• For fun

Page 15: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#4 Ask for Referrals!

Page 16: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Don’t Be Afraid of This!

• Your current customers are the best source of new customers.

• If you don’t ask, they won’t share!

Page 17: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

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Page 18: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Expose Yourself to NEW

• New “social media”

• Facebook

• My Space

• Linked In

• Twitter

• More

Page 19: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#6 Go where others aren’t

Page 20: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

You can do it, too!• If no one is advertising/promoting and you are, you stand out!

• If no one is advertising/promoting and you are, you get the business!

• This economy is full of customers and opportunities, and they will go the the companies that are VISIBLE!

• Opportunities can be VERY affordable.

Page 21: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Whatever you do

• GET YOUR CUSTOMERS’ EMAIL ADDRESSES!!!

Page 22: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#7 Go Outside the BOX

Page 23: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Try Something New• Web-newsletter to your clients with

links back to your site - Constant Contact.com

• Add a blog to your website

• Sponsor a program on NPR - KAJX or KDNK

• Sponsor an event (join with others) - get your name and logo out there - esp. with “benefits”

• Sponsor a contest or a giveaway

• Create traffic - like Las Vegas

• Be an expert - take a reporter to lunch! Give a talk…like this one!

Page 24: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#8 Fly your sail!

Page 25: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Get out there!• Network

• Volunteer for something you care about

• Partner

• Attend Chamber events!

• Don’t stay “in”

Page 26: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#9 Change Your Environment

Page 27: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Make Same-Old NEW• Landscape - ColoradoBiz says landscape architecture can boost real estate sales

• Clean up a retail or professional environment

• Make the same thing look different - for both you and your customers - paint, re-arrange, re-do for FRESH!

Page 28: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

60-Second Exercise:

• Quick thoughts - What can you do that you’re not doing now?

• Five quick thoughts!

Page 29: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#10 Be CREATIVE

Page 30: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Have some fun!• Ellie the dog sells real estate

• Ski jumpers sell high end menswear

• Gay ski week sells bodywaxing

• 10 deer sell a magazine

• A refrigerator magnet sells a health club

Page 31: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

#11 Be Contrary!

Page 32: Ten Tips for Marketing Your Business to Grow in a Shrinking Economy

Be colorful. Be yourself.

• Don’t buy in to gloom.

• Take a break from things that aren’t moving forward.

• Envision what you want to make happen and make it happen!