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Creating a Postcard Marketing System
No doubt about it, creating nice postcards and sending them out to an appreciative audience is a lot of fun. But treating your postcard marketing efforts that way probably won't grow your business. Your cards will grow your business when you...
Internet Marketing Is Like A Roller Coaster Ride
Personally I don't like roller coasters. I'm afraid while riding on one, I'll discover I have an undiagnosed heart condition. I was brought up Southern and nice Southern ladies DO NOT have heart attacks in public. The only exception might be if ...
Pay-per-Click Marketing Copy: Tactics to Avoid
The marketing message you send will influence who clicks on your PPC ad and why they click. Your goal in writing ad copy should be to put yourself in the mind of the searcher and present an ad that will give them the information they need to make an...
SIX Trade Show Marketing Mistakes and How to Avoid Them
Six Trade Show Marketing Mistakes and How to Avoid Them. Trade Show Marketing has changed a lot in the past few years. As they say, there is the easy way and the hard way. I learned my trade show mistakes the hard (and expensive) way. I didn’t...
The 7 Step Challenge - Does Your Marketing Company Measure Up?
What makes you different? How do I know I will get value from your services? Why should I use your services, as opposed to someone else? These are questions that I get constantly.
I am sure that in your business you get equivalent questions. This...
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What are Your Thoughts on Marketing Re$earch?
I have always been a firm believer that there is never one correct answer to a question. Some call that argumentative, I call it Independent and Creative Thought. I have also come to the conclusion over the years that by feeding answers to a student, they will ultimately starve. On the other hand by posing a question, you teach them to think and in turn feed their own thought and energies.
You will never get the right answers however, if you don't know the right questions. So with this in mind, I from time to time write an article, which is consists of mostly questions! Questions covering a single subject, which I hope will provoke you into independent thought, thus creating productive output. Our topic is what? Marketing Research!
Marketing Research is a very important step in the evolution of your business. Without research, you have no basis on which to answer even the most basic questions; questions that you must answer if you truly desire to successfully market your product or service.
1. Your Market.
A. Do you know whom your target market is?
B. Who are your current customers and do they fall into your target market?
C. Are your current customers loyal to your product? Why or Why not?
D. If not, how can your create a loyalty strategy?
E. What is the current size and geographic spread of your target market?
F. What will it be in the future?
G. Will you be able to maintain a product and company growth rate to match that of the projected growth rate of your target market?
H. Is your product part of a trend market that has a volatile base, which can collapse or increase rapidly?
I. Are you prepared for this? How?
J. Do you have backend products or services?
2. Your Price.
A. Is your market price sensitive?
B. If so, how does
the price of your product or service stack up against your competitors?
C. How are you justifying this price in accordance with the "Price Curve" of your market?
D. Is there an obvious perceived value in having a higher price?
E. How does your product Service and Support Pricing compare to your competitors?
F. Do you offer "credit terms" to aid you in higher pricing strategies?
G. How do you think your competitor(s) will react to your pricing structures?
3. Your Competition.
A. Are you in or entering a market that is already overrun with competition?
B. Have you prepared for this with a well-planned strategy to overcome the over abundance of competition?
C. What kind of companies make up your competition and can you compete with them in this market?
D. Have you diligently analyzed your competitions strengths and weaknesses?
E. Have you honestly analyzed yours?
Obviously these are not all the questions you need to answer to successfully market your product. But if you can answer the questions I've prepared here, you will find that the answers to others will come more easily. I hope that you have given these questions more than a quick thought and haphazard answer. The old saying "more is better" certainly applies here. The more data you compile and apply to each question, the better. Also, being the dyslexic-absent-minded professor type, I have found that putting everything on paper makes it clearer, easier to remember and I have it to look back on when I need to refer to something I have long since forgotten.
Good luck to you in your Marketing Ad-ventures!
About the Author
Wild Bill Montgomery MakingProfit.com: Home of the "InfoZone" Business & Marketing Article Archives and the Hot Newsletter "The InfoZone Weekly Report"!
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KnowThis: For Marketing, Market Research, Internet Marketing ... |
KnowThis.com offers a wealth of information, forums, and resources for professionals, academics and students in traditional and internet marketing, ... |
www.knowthis.com |
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Marketing - Wikipedia, the free encyclopedia |
Marketers depend on marketing research, both formal and informal, ... The next big thing is a concept in marketing that refers to a product or idea that ... |
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Marketing - Marketing Strategy - Marketing Plan - Marketing ... |
Learn about marketing careers, the stages of developing a marketing plan, how to begin marketing research, create a marketing strategy, and how to market ... |
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Marketing.org - Home of the Business Marketing Association |
Serves the professional, educational and career development needs of business-to-business marketers. |
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Welcome - American Marketing Association - www.marketingpower.com |
Dedicated to serving the educational and professional needs of marketing executives. |
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Advertising, Marketing, Media and PR News - Brand Republic |
Find the latest Advertising, Marketing, Media and PR news from Brand Republic, the online resource for up to the minute advertising and marketing news and ... |
www.brandrepublic.com |
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Marketing Magazine - Marketing News - Brand Republic |
Marketing Magazine - Marketing News - Brand Republic. |
www.brandrepublic.com |
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Marketing (Canada) |
Offers a Canadian source of news and articles on marketing, advertising and media. |
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BidVertiser - Pay Per Click Advertising On Sites Of Your Choice. |
Pay per click advertising - online advertising directly on sites of your choice, internet marketing solution for online advertisers. |
www.bidvertiser.com |
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Online Behavioral Contextual Advertising and Marketing. |
Promote your business with today's most effective online advertising technology, contextual advertising at a cost effective metric of CPC, PPC, CPM or CPV. |
www.clicksor.com |
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Sales Jobs / Marketing Jobs / Advertising Jobs - MarketingJobs.com |
Employment site for marketing and sales professionals. |
www.marketingjobs.com |
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The Chartered Institute of Marketing |
The Chartered Institute of Marketing is the world's largest international marketing professional body and helps with career support and information ... |
www.cim.co.uk |
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Marketing: See what people are saying right now on Technorati |
See all blog posts tagged with marketing on Technorati. |
www.technorati.com |
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Marketing Profs - Marketing Concepts and Strategies: Expert ... |
Marketing knowhow from professionals. Newsletter, articles and how-to's. |
www.marketingprofs.com |
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Guerrilla Marketing Online - The Official Site |
Guerrilla Marketing Online is anonline magazine for small business, entrepreneurs, sales people and marketers of all kinds. |
www.gmarketing.com |
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Business Marketing - Small Business Marketing |
Business marketing - Read everything your need to know about small business marketing. |
www.entrepreneur.com |
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All About Marketing |
Adapted from Field Guide to Nonprofit Program Design, Marketing and Evaluation ... Inbound Marketing Includes Market Research to Find Out: ... |
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Pages tagged with "marketing" on del.icio.us |
USA Network Announces a NASHVILLE STAR Marketing Partnership With ... - Yahoo! ... Direct Marketing Association: Telephone, Mail & Internet Marketing ... |
del.icio.us |
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ClickZ Internet Marketing Solutions for Marketers |
Includes columns with commentary and analysis on a wide variety of internet marketing subjects ranging from B2B marketing to search engine marketing. |
www.clickz.com |
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Direct Marketing Association: Telephone, Mail & Internet Marketing |
Trade association for users and suppliers in the direct, database and interactive marketing fields, offering seminars and resources, and lobbying for ... |
www.the-dma.org |
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