Dodo Loves Marketing

Once you’ve done your market research and worked out if you can make a profit from the business, the next step is to take advice. This will not only confirm whether your calculations are realistic, but can take a lot of the pain out of setting up. The good news is that there’s lots of advice available - and much of it is free. What’s more, experts on small businesses reckon that over 60 per cent of small business failures could be avoided if only people took advice in three areas - money, management and marketing.

1 TECs/LECs A good place to start is your local Training and Enterprise Council (TEC), or Local Enterprise Council (LEC) . These can also put you in touch with other helpful agencies; such as your local Enterprise Agency and Business Link. You can find them through your telephone book, Yellow Pages or local library. The Department of Trade and Industry also has a hotline. ..more

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‘Every time a friend succeeds, I die a little.’

Promoting the sale

You have provided dynamic, written material, you have had a successful appointment and the potential client seems pleased by what you have to offer. However, he or she is wavering about giving you the business project and, as always, you realise that you have hungry competitors wanting the business, too. In this case, a special offer on your part can make the difference. It says, ‘I really want your business.’

The essence of sales promotion is that it must be easily understood and relevant to your product. It will seem ludicrous to consumers to receive a free embroidery kit if they are buying a puppy! With this principle in mind, let’s look at some examples.

Promotional techniques

In hairdressing you can promote your business using hairdressing products. In fashion, you can use accessories or perfumes. With books you can offer membership to a book club. Your offer must always sound right and be related in some way to your product or service. Here are a few types of special offers you can consider; they represent some of the best promotional vehicles I’ve seen in the past few years, with the exception of competitions, which I have included for discussion only. ..more

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