BusinessDevelopmentStrategies

Development Strategies to Grow Your Business

By Nancy Michaels, President, ImpressionImpact

I'm often asked, “What is the one thing you would do to grow your business – assuming you could only pick one sales or marketing practice?” My response is always:  “If only it were that easy."

Unfortunately, there is no one magic bullet in terms of how to succeed in business. Instead, it is a matter of employing many sales and marketing tactics in a visible, consistent and repetitious way that attracts more clients to your business.

  1. Identify your ideal target market. Who, specifically, do you want to have as a client? Not everyone will be a perfect match.
  2. Attend and get involved at the events and meetings that your prospects and clients attend.
  3. Establish yourself as an expert and a valued resource at these meetings by speaking at them and writing for their trade publications.
  4. Promote your expertise by getting published.
  5. Leverage past and current successes by re-printing articles written by or about you and distributing announcements.
  6. Cultivate a great database of prospects, vendors, past customers, media contacts, etc. Remember, you are only as good as your list.
  7. Create an impressive web presence. It's the minimum required to have a local, national or global presence.
  8. Distinguish yourself from the competition. Extend exceptional customer service, celebrate unusual holidays and events, under-promise and over-deliver, and communicate with your target market on a consistent basis. Don't forget to know the competition and be able to articulate how you are different. Thank everyone who refers business to you and never forget to thank your clients . I continue to be amazed at the good will generated by a thoughtful, kind gesture.
  9. Commit to a plan. Make a date with yourself every October to revisit the marketing and sales items you implemented in the past that were successful and plot those activities on a calendar for the upcoming year. Work backwards to determine what small steps need to be taken on a regular basis to be sure your marketing plan is completed.

Marketing, simply put is VCR – Visibility, Consistency and Repetition in the marketplace. In order to establish name recognition among your target market, you need to be consistenly visible iand repeat your message over time. Because we all learn in different ways, employing a media mix is an ideal way to grow your business.

 

Nancy Michaels is a business development coach, author and consultant. She can be reached at nmichaels@growyourbusinessnetwork.com