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Your Small Company Can Market as Effectively as the Big Boys

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If you're a small business owner, the word “marketing” can be scary. How can you compete with the big companies in your line of business? How can you catch up with competitors who have a head start in the race for customers?

The good news is, you don’t have to compete with them. You can set your own course and outdistance them.

In fact, there is a secret of marketing success that will actually give you an advantage if you are a small, new business. And that secret is focus. If you focus on your customer and focus your marketing efforts, you can market as effectively as the big boys. In fact, you can do an even better job of becoming your customer's company of choice.

To unleash the power of focus . . .

  • Pinpoint and attack your competitors’ weaknesses. Maybe they aren’t open during the hours when customers want them to be. Maybe their premises are dirty. Maybe they don’t offer extra services like delivery or on-site service. Analyze what they do, do better - and you can turn their head start into your advantage.
  • Don’t try to reach everyone with a “one-size-fits-all” ad campaign. Instead, identify your primary customer group - young mothers, homeowners in your town - and start marketing aggressively to them alone.
  • Use low-cost, highly targeted vehicles to deliver your message. Put up flyers in churches, supermarkets, and other places where your customers go. Advertise only in the publications you know they read. You’ll make more money by tight focus than by a scattergun approach.
  • Communicate with your customers one-on-one. Shop where they shop, attend the events they attend and get to know them. You’ll learn just as much as you ever will by spending tens of thousands of dollars on expensive focus groups and market research.

So focus on your customers and think small, not big, while you target your marketing efforts to them. Dr. Donald Sexton, who teaches The Marketing Mastery Program at Trump University, goes so far as to say that your company has to become your customer, not just sell to them. That's the kind of focus that can establish a strong competitive advantage, even in a crowded marketplace. 

Michael Sexton is President of Trump University.

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23 Comments

[-] Posted by Leesa for (c) DB7 International (LLC) on 03/13/2007 12:17 PM
The major plus about operating a small boutique business is about the lower overhead compared to large businesses!
And the key is always about maximizing profit!
[-] Posted by Sherry1 on 03/13/2007 1:40 PM
This is great advice and something I do in my business. I am a Realestate Agent and the market is so crowded with competition, but what the other Agents don't do is what I call account penetration. Rather than sending out hundreds or perhaps thousands of postcards and paying for expensive advertising that reaches the masses, go small. Identify your market and penetrate that market. This is what works best for me.
[-] Posted by member1318698 on 03/13/2007 2:00 PM
Michael, I completely agree with you on this topic. The 'Big Boys' are by far the most beneficial, informative piece of information the small business community has to succeed. Millions have been spent to find out what people like and dislike. Study after study, failure after failure, and success after success, when studied diligently can become your most valuable tool when bringing a fresh, new idea to the market. I personally believe that the more choice and control of that choice we give to the consumer is the key to success. Take real estate for example, since the beginning of the real estate broker, a system was created to list and market your home to ultimately benefit the real estate professional. Yes, the benefit of potentially marketing your home to 1000's of hungry real estate agents who may have a buyer is there, but the cost of utilizing that system will cost you dearly. Someday, I believe the consumer will wake up and realize that the real estate professional works for them and we (The Consumer) are in control of what services we pay for, at what rate, and not based on the value of our asset.

Brett Bourdon
Listit.com
brett@listit.com
[-] Posted by member1501252 on 03/13/2007 3:21 PM
I totally agree. We run a very small business but our marketing is as agressive as any larger company of the same.

The internet is the perfect avenue for cheap or free marketing. You need to spend hours on promoting your company, name and brand on message boards, linking to other websites etc.

Effective marketing for little money can be acheived by using signs on the pavement, on your building, on t.shirts (give them away free to your customers) on your car and run small classified ads in specific magazines if you can't afford larger full colour ads.

Use your name, website or phone number on pens, pencils, rulers and give them away for people to use.Also billboards, noticeboards..the list goes on.

My focus when marketing is that I don't want anyone to forget my name. It is an investment into my future. You might not of heard of me today, but tomorrow you might get a glimpse of my name, next week another and after awhile you have a feeling that you must know me because my name will feel familiar.

Keeping up with your competition is essential, always stay at least 10 steps ahead. Don't wait till its too late and don't stop. Invest in your future now by starting today.

Diana Moore
New Zealand
http://www.artschoolnz.com
http://www.bowentherapy.homestead.com
[-] Posted by user48908 on 03/13/2007 3:24 PM
What direct marketing techniques do you think work the best?

I'd really enjoy hearing about some of your proven marketing techniques.
[-] Posted by member1171852 on 03/13/2007 3:53 PM
This information is a good start. Also try getting those flyers into the businesses that align with your firm. For example, I own 2 small gift stores that sell gifts for people who love the outdoors.. I have flyers in pet shops, tackle shops, rod & gun clubs, country clubs and yacht clubs.
[-] Posted by member1519926 on 03/13/2007 4:12 PM
Small is the new big. Build the relationship. It takes practice, it is amazing what a strong relationship between customer and business is. It's like friends, which is powerful. Instead of them thinking that they "have" to go to you, they want to go to you because they want to see their friend. It takes focus on who your customer is to be able to do that.
[-] Posted by member1177014 on 03/13/2007 4:44 PM
Dear sirs
We totaly agree,it is not a matter of big muscles only,other factors
can minimize the difference,as you said,such:
1)The extra interest & care your customer is having from you.That focus
is creating a sense of loyality to your product,by this customer.
2)The magic world FOCUS is striking again,when you have a smaller
nomber of customers in confidance is better than scatered bigger
nomber you cannot serve well.
3)The extra mile we go to make a difference it allways pays well.
4)if the company is a small one,its prime target is to grow confidently
and on solid ground,so why act as a larger one.Everybody should
compromise with what in hand,but needs to be more creative,speedy,
developes new apraoch & give his mission more thoughts.
5)In the persuit for success,your love to what you do,dedication,focus,
efforts,control and that extra mile are still basis tools to acomplish
goals,if even some think it is old fashion.
Thank you for your words & your thoughts,we were quite pleased
reading your text.
[-] Posted by lightwayvez on 03/13/2007 5:28 PM
Well first let me say I think the big girls can often out perform the big boys when it comes to marketing techniques.

Take for example the men's shoe. I watched a wee bit of telecast that made a very weak effort to push the men's shoe. Kelsey grammar had the most unique and stood out the most. I don't even know if he realized his shoe's potential.

Men are very private about their clothing and prefer to remain modest. The taylor is often the soul strength in a gentleman's line of clothes but what of my son's slacks !

Have you seen the way boys wear their pants these days !

Men have to step up to the plate and set a better example. Those droopy drawers boys flaunt down to their back side are horrid and they all walk like penguins.

I can't say that this fashion was created by women since I can't find one girl who has found receeding slacks attractive.

What are the men doing to our boys !

Men's fashion needs a come back and what a better way than to re visit the value of an office shoe ...

Churchills anyone ?
[-] Posted by member1467581 on 03/13/2007 5:58 PM
Hi, we have a SME in Brisbane Australia...up until the middle of last year i had a one man band...i managed to make this business into a $million business with passive monthly returns using these principles. I would find a weak point in my competition then i would perfect their faults and offering simple but meaningful solutions to my now clients... We have around 1800 clients nationaly returning us around $100 per month per client...and the best part of doing these principles is our clients absolutely love us....we now have 8 staff and are still growing at around 45 % per year....
[-] Posted by member1244961 on 03/13/2007 7:42 PM
Dear Dr.Sexton
I am a small business owner of an orthopedic physical therapy clinic in Michigan. I have read your post and agree with your suggestions. To market you have to narrowed focus and be oriented toward community. A small marketing investment in a church, community events or senior citizens center could return very well. People like to be known and the small business is the one that can do that, the big one is more interested in big money not the small community. Marketing is what makes or breaks, if it is delivered as promised. To survive we must to have a marketing budget (even a small one). Marketing gives a recognition and stays in people minds if done right.
Peter ( your friend)
[-] Posted by member1191829 on 03/13/2007 7:59 PM
This is so true. Develop a niche market position and focus on success in that area. Then do it again.

Thanks for all the great advice.

Paul. Australia
[-] Posted by topco on 03/13/2007 9:58 PM
Thank you for a great article. It is so easy for anyone with a small business to get discouraged. In my case I have a small t-shirt making business, and at this time I cannot compete with the bigger companies that can do big volume sells. However I continually remind myself that I can do what these businesses cannot or chose not to do, and that is sell to the individual who may only want 1 or 3 shirts, something the big companies would turn their nose up at. I also get a lot of personal satisfaction dealing one on one with the customer in giving them a one of a kind personal product.
I do hope to become a big company someday, however it is my goal to always remember I got there one customer at a time.
PAUL
memorymaker4u.com
[-] Posted by user89187 on 03/14/2007 5:45 AM
Wow!
[-] Posted by user75553 on 03/14/2007 6:01 AM
I have used this method of marketing to build a successful franchise network. Firstly I looked at: what my customers want and then targeted that. Then I looked at my competitors and looked for ways to improve on what they were doing. The greatest advantage a small company has is that it can move and change quicker than a large company (in many cases). I have found for my business that an effective website that is well connected to related websites can give one a huge advantage. Our website www.fun4partyanimals.com has been the key to our growth and success. I also target my flyer's to a very specific time and place where it has the maximum effect. (In our case they are given to our rental customers when the jumping castle is delivered)

Regards
Andrew Edwards
Owner Party Animals Jumping Castles (South Africa)
[-] Posted by u286590 on 03/14/2007 9:54 AM
It is a proven fact that if you reach a highly targeted customer base the results will be much greater than if you try and reach everyone. http://www.onlinecrazydeals.com
[-] Posted by member1446998 on 03/14/2007 11:30 AM
I think the second point is more important than the first. First you need to know who your customers are. Once you know who you are targeting with your marketing, then analyzing competitors has even bigger benefits. You may find a customer niche that is being ignored (riches in niches) as well as potential where your competition is underserving the customers. This leads to a better ROI on your marketing $$ because your efforts are more focused.

An important thing that is often overlooked by small businesses is the marketing value of a good store location. Is the extra rent worth it to be on a highly visible, easily accessible location that generates customers for you without much effort on your part (consider the extra rent as part of your marketing budget) or are you savvy enough with your marketing to develop a customer base using a less visible but less expensive location such as a small strip on a side street? Both can work, but you need to know your strengths.
[-] Posted by Melanie Heywood on 03/14/2007 5:03 PM
I agree that there are many ways to try to market your business, but I personally have found it very difficult to even think about competing with the "big boys" for my particular area.

At www.listasaurus.com, we are completely web-based, and it's not really possible to pare down to one target market, because everyone can use our online classified and business directory services. I have been working diligently for the past year to narrow down inexpensive routes for marketing, because the most challenging thing is the expense for things like mailing flyers, giveaways (even t-shirts cost $700 for only 144), and banner advertising. We even offer free ads, and held a promotional contest to try to increase the interest, but it's slow in coming.

We also have a catch-22--we need traffic to build up our credibility, but we need items on our site. We can't get items on our site without driving people there, but there's not a lot to see yet on our site because we're new. It's a tricky business!

What I have found is, on a very small marketing budget, try the free/low cost options first. I have found meetup.com has some great local networking groups, and I have joined a few other networking groups around town. Guerilla tactics are great, but unfortunately all seem to cost a pretty penny.

I agree for those brick and mortar companies, it may be easier to target a specific narrowed focus group, but it's a tad different for us. Hard to compete with billion dollar companies like ebay who a) have been around and b) have the marketing budget to be everywhere.

As with anything, exposure takes time and I'm sure we will come up with new ways to become more well known. One of which is press releases (something I didn't see mentioned here).

I'd love to hear more about the low cost ideas folks have for their small businesses!

Melanie
www.listasaurus.com
[-] Posted by lightwayvez on 03/14/2007 6:00 PM
The house that Fred Built may have looked like this were he a woman,

I made a bid on a larqe property today, I offered one dollar:

Should I loose the bid I suqqested my one dollar be redirected to charity.

The strenqth of my bid lends to the fact the properties mold issues are huqe.

What do you think ?
[-] Posted by user89187 on 03/14/2007 6:34 PM
It's a small world afterall, it's a small world afterall, it's a small world afterall. It's a small world afterall.

the end
[-] Posted by member1389895 on 03/16/2007 12:48 PM
I am also in a very competitive field…Jewelry Sales. I only have a website, no actual brick and mortar store though. I have found that Honesty, Integrity, and Customer Service go along way in establishing a customer’s trust.

Marketing can be very intimidating, particularly for a small business on a tight budget. When I first started my website, I never thought I would spend more time marketing then I did with development. The free advertisement available to you on the web is great, as mentioned the blogs, boards, and directories all have a place in your marketing plan.

I just started my first blog, I swore I would never do it, but I did. As it turns out it has been great for my business, and I have been able to find all types of great information too.

Thank you for this site, the helpful tips, articles and training.

Kathie Bechtel
www.DiamondsandGifts.com
http://blogs.ebay.com/sjb-associates
[-] Posted by member1500449 on 03/18/2007 12:53 PM
Aligning with other high profile 'brands' is a great way to increase the perceived size of your company. For example, some of my clients buy TV sponsorships in high profile TV programs. When you align your small company with a well known brand like "The Apprentice" you can rapidly gain brand awareness. I have clients that run short sponsorships in local news and programs like David Letterman for under $100 per occasions. Look big by standing with big brands!

High profile advertising is more affordable than you think. Your local TV stations sell 'local' inventory and if you can't afford 30sec commercials, 7sec sponsorships are available. Local cable companies local advertising and you can target your coverage area.

Aligning your brand with higher profile brands can be a great way to 'leverage' brand awareness.

Like Mr. Trump always says...."if your going to think...you might as well think big"

Mitch Drew
mitch-tv.blogspot.com
[-] Posted by lightwayvez on 03/18/2007 11:12 PM
Low cost High targeted vehicles:

Yes however my answer involves Mr Trump's cooperation and involvement so that makes it all the more a challenge at the point of 'doing' the passion :)

As for the reference of clothing and attire, that is why I like Oprah's Spanks lol !

But you know for what it is worth I have done [it] here in the blogs. The passion to nominate theworldteam.com with the provision Mr Trump Jumps. I still see it coming to fruitition. Whether I jump or not will not be as important as the rest. I have jumped and I know the passion, I will continue to jump when I can, however this project has been so much more.

Divinci's theory of a triangular parachute worked. A few years of planning and many free jumps in my minds eye, I started to think of a triangle formation, everyone joins in a circular fashion, the pyramid would be more attune to the times. How to achieve that with all level of safety is for the experts to know.

The passion is not to take a powerful man such as Donald Trump and lead him to jump from tall buildings or out of planes in the sky so much as it is to show with evidence just exactly how safe skydiving can be and is I promise you.

My primary function to include Mr Trump is so that when we need to throw a bad guy off the plane we can source to people like Sister Clarice, and many other men and women who have proven the deed humane and safe. More over with Mr Trump's endorsement and the nomination of theworldteam.com the entire proposal comes together and offers a sense of justice long overdue for most countries across the world pardon a few.

If Mr Trump can't Jump then human rights can't say its safe for the bad guy to jump either.

Now someone else can steal my idea, but the passion began a long time ago, when I stepped aboard a plane 2 weeks after Scotland's Lockerbee went down I was on the plane with my newborn baby to insist the world safe.

Isabelle Morgan

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