The Prestige Business Management Self Employed Guide to Marketing – Want to Market your Goods and Services Like a Pro?
You have decided to take the plunge. You want to be your own boss and you think your product or service is good enough for the market but how do you ‘market’ your goods and services? Do you know what ‘branding’ is? This handy guide, devised by Prestige Business Management, will help you get to grips with self-employed marketing by highlighting the basics.
What is Marketing?
According to the Chartered Institute of Marketing, the marketing geniuses who should know, marketing is defined as, “the management process responsible for identifying, anticipating and satisfying customer requirements profitably.” This sounds complex, frightful even. However, in truth, marketing is simply the way businesses plan and execute the advertising of their services and goods.
Whatever business you’re involved in – be it a mobile hairdresser or fitness instructor – you need to understand how your can market your business. This means having a basic understanding of marketing as a process and how it can help drive your business’s success in the longer-term.
What is a Brand?
The first thing you need to know about is branding. Your business brand is the central part of your marketing experience. A brand is name, logo or other feature that “distinguishes” your business from the competition. Think what the big guys do. Apple has its, well, Apple. Nike has its trade marked “swoosh”. This is, in a technical sense, a brand.
However, the way businesses think about brands has changed and you need to think of your business brand as more than just your logo. A brand is, in a way, your entire business. But the way consumers engage with brands are also connected with feelings – which makes ‘defining’ a brand difficult.
In order to make it easy to understand, you should focus on how you want people to engage, and therein connect, with your business’s brand. A strong brand will communicate a thriving and successful business – one that potential clients or service users will want to be a part of.
How to Build a “Brand”
Building a brand requires a lot of work. You need to put uniqueness front and centre. You might be a bit puzzled, how can I, as a fitness instructor or hair dresser, be unique when there are other people with exactly the same skill sets. This is where your brand comes in. You build a unique brand by fostering a unique story. How did you become “you” and how does that impact your business? Did you spend time in the military, study at a prestigious school or work at a famous blue chip company? These narratives will help build your uniqueness.
The Importance of Loyalty – How Marketing is all about understanding Loyalty
The next stage you need to undertake when building a brand is to create a community. You need to focus on improving your users/clients/customers lives by offering a great product or service. This is how trust is garnered and how your brand builds loyalty. Brand loyalty is the central tenet of successful small business marketing.
Finally, build and offer great products or services. Do what you do, but do it better than the competition. You can create a brand, you have a ‘story’, you can build a community and by doing this you need a strong underlying purpose – a good product or service.
Prestige Business Management can help you develop your marketing skills, help you understand the importance of branding and how good marketing can help build a strong business. However, by following these basic steps, you can help nurture a strong foundation for your business marketing endeavours. Why not call our team today to discuss your marketing endeavours further?