|
Hi Taylor
- I've got a small side hustleraising bees and selling honeyand
I've got no idea how to market myself. Word of mouth does pretty well
and I'm nervous about paying for something that might not pan out,
but I'd love to see things grow. Any ideas?
Hi Lucas - I've got good news and bad news. The good news is that
how you market is entirely up to you and what you find works best
for your business. The bad news is that means you have to figure out
what actually works through some trial and error. People can give
you advice until they're blue in the face, but different approaches
have varied results, especially for small businesses. So, let's try
to figure out what will work for you. |
1. What's
available? As recently as five years ago, every marketing
pro in the world would have touted the importance of email marketing.
It's still an incredibly useful tactic with some of the strongest
returns, but is email what's best for you? Do you have quick access
to a bunch of email addresses? Do you communicate with clients
online or is most of it done in person? I'd never turn my nose
up at an email list, but I'm not going to promise that would be
more effective for you than a booth at the farmers market. If
you were to try to bring in one brand new client tomorrow, would
you email or talk to someone face to face?
2. Who are you selling to? It's an easy question with a complicated
answer. No matter how diverse your clientele, they all want to
buy your honey; that's a known factor, but how you spread the
word is a different matter. We've all seen and heard bad TV and
radio adswe've also seen and heard good ones. The difference
is a clear message directed at the right demographic. Whether
it's a bench poster or a social media campaign, you need to deliver
a message that resonates with your customers. You could spend
a million dollars doing focus groups and trying to come up with
a color scheme that subliminally makes people hungry for honey…
or you could try out some honest, personal messaging and see how
it goes. If the first ad doesn't seem to work, you keep adapting
until something catches on.
3. Use free tools. Big businesses pay a fortune for social
media marketing campaigns. You can spend as much money there as
you likea well-placed ad can be really effectivebut
you can also run your own account and spread the word for free.
If you've got a slogan or a catchphrase you like, splash that
over all your social accounts. Connect with other business owners
to see if you can each do a free promo. If you're still in the
early stages and word-of-mouth has worked so far, see if you can
push that word-of-mouth action into the digital space.
|
There are endless
ways to market a business, and you should pick the route that makes
the most sense for you. Be true to your brand, true to yourself, and
keep trying new tactics until something sticks. Good luck, Lucas!
|
Legal Disclaimer:
Information presented is for educational purposes only and is not
an offer or solicitation for the sale or purchase of any specific
securities, investments, or investment strategies. Investments involve
risk and, unless otherwise stated, are not guaranteed. Be sure to
first consult with a qualified financial adviser and/or tax professional
before implementing any strategy discussed herein. To submit a question
to be answered in this column, please send it via email to Question@GoFarWithKovar.com,
or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.
|
|
|