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The Marketing Edge Five Marketing Mistakes New Businesses Make

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Are you a brand new business owner? Sometimes, navigating the marketing waters can be difficult. Maybe you've made some mistakes along the way. Check out this list of common marketing mistakes that new businesses make - and what you can do to fix them.

You decide not to market your business at all. Word of mouth is great. With a dedicated group of friends willing to spread the news about something simply by talking about it, a lot can get done. You can send word about a fun gathering you're having that weekend, or plan a surprise party for a friend.

 

What you shouldn't do is let the success of your business hinge on it.

One of the biggest marketing mistakes you can make as a new business owner is simple, yet obvious: you decide not to market your business at all. Maybe you think that your idea is so incredible that you won't need to market it.

But you should remember that in a world flooded with new ideas and unique concepts, it's easy to get lost in the fray. If you stand out, you can succeed.

You don't have a website. We all know how important using social media is today. On any given day, users post 350 million photos to Facebook. On that same day, Instagram users upload 80 million photos. And in just one minute of that day, 300 hours of video are uploaded to YouTube, according to Brand Watch.

Because of those staggering statistics, it's easy to believe that social media is the only way you should be marketing your business.

But having a website is far more important than a social media presence. In fact, your website is your most important marketing tool.

It may be 2016, but 46 percent of small businesses in the United States still don't have a website for their company, according toa reportreleased by business-to-business research firmClutch.

So why is a website even important to begin with? According to Hubspot, 78 percent of Internet users conduct product research online.That means that someone's first impression of your business (or lack thereof) could be your website.

You're targeting the wrong audience. Figuring out who your business, products or service will appeal to isn't always easy. Your success depends on the people who are purchasing your product or service. So it's important to know how can you reach them. Before you can decide how to market your product or service, you should develop a buyer persona a model or prototype of your ideal buyers.

If you're targeting the wrong audience through your marketing efforts, it can adversely affect your business.

You didn't hold a grand opening. An event offering food, music, and giveaways is always an excellent way to attract attention to your new business and potentially gain some new customers. If you didn't hold a grand opening, you probably missed out on bringing in some customers you haven't connected with yet.

But don't worry it's not too late! Many people wait a month or so after they've opened before holding their grand opening, which allows them to get their feet firmly on the ground before drawing in more business.

A grand opening should feature your business, products, or service. Give out 10% off coupons for a product you sell, offer tours of your establishment, or do a giveaway. Offer snacks and maybe even some live music. Make the event something people will want to attend. If you do a great job, then you'll probably gain some new customers. Getting involved in the community by hosting an event can help build your brand as well.

Investing in a grand opening can pay dividends if done correctly.

You try to do it all by yourself. Marketing isn't easy, especially when you're trying to run the day-to-day operations of your new business. Sometimes you'll have to pick and choose which marketing strategies to use, because keeping dozens of platforms updated and relevant is difficult and time-consuming.

If you're serious about marketing your business, hiring someone to take care of the upkeep of your website, social media channels, traditional advertising and more can help you out in the long run and take some of the burden off your shoulders. Hiring marketing professionals can also help give your business a more polished and professional appearance.

Last modified on Wednesday, 08 March 2017 21:17

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