Question

Topic: Strategy

How Do I Reach New Businesses?

Posted by Anonymous on 250 Points
I am looking for more ways to get to my target.

My product is aimed at new businesses, or established SMEs going through a transitional phase. My activities so far have involved me exploring the business support agencies and volunteering to hold seminars to new businesses, using my contacts at universities, networking events, and chasing some local press coverage. Now I seem to have hit a wall. How else can I get to these guys?

The more innovative the better, but all suggestions are welcomed. Oh, one more thing I don't want to spend a dime.
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RESPONSES

  • Posted by ReadCopy on Member
    Heres a 'almost' complete list of media that you can use, this may help stimulate the grey cells.

    EXTERNAL MEDIA:
    Aerial advertising
    Audio/Visual material
    Books
    Business Gifts
    Case Studies
    CD-Rom
    Cinema
    Competitions
    Corporate Hospitality
    Customer Training
    Customer user panels
    Dealer panels
    Direct marketing
    Directories and yearbooks
    Editorial publicity
    Email
    Events
    Helplines
    House Magazine
    Internet
    Letters
    Literature
    Magazine ads
    Mailings - ads and press releases
    Newsletters
    Newspaper ads
    Outdoor posters
    Packaging
    Private exhibitions and receptions
    Point of purchase
    Public Exhibitions and Tradeshows
    Radio
    Roadshows
    Sales aids
    Samples
    Seminars and Conferences
    Social events
    Sponsorship
    Telephone
    Television
    Video Conferencing

    PEOPLE AS MEDIA:
    Academics
    Agents
    Business partners
    Consultants
    Customers
    Employees
    Journalists
    Other outside influences
    Retailers
    Trade associations

    INTERNAL MEDIA:
    Annual reports
    Attitude surveys
    Award ceremonies
    Campaign presentations
    Company magazines
    Information on PCs
    Intranet
    Literature
    Local newspaper articles
    Manager/employee team talks
    Mass meetings
    Notice boards
    Pat packet inserts
    Posters
    Senior management presentations
    Special competitions
    Sports and social events
    Static displays
    Training sessions
    Videos
  • Posted by ReadCopy on Accepted
    To be honest, if you don't want to spend anything, you'll get very little business ... your key tactics are around PR, DM, Face 2 Face and Online.

    My "Opening Plays" can do well to encourage more business, and needn't cost too much, and provides impact.

    PROPOSED ACTIVITY:
    - Cross/Up Sell, highly targeted, serial campaign
    - Pin-point, high value prospects
    - Weekly mail drop of innovative teaser item with key product/business message that captures attention
    - Makes the recipient more receptive to follow up activity
    - Each mail drop consists of teaser item that has a perceived value accompanied by a inspirational business message

    SUGGESTED MAILING SCHEDULE AND TACTICS:
    Week 1 - send branded mug and biscuits with message, something about "taking things easy", "putting their feet up", "leave it to you" etc

    Week 2 - send copy of a case study or letter emphasising your capabilities, experience and credibility.

    Week 2 - follow up call from yourselves:
    Ask if they recieved the items you sent.
    Explore opportunities and areas of interest finish conversation by seeking permission to forward information on latest offers and further information on products prospect expressed interest in

    Week 3 - mail current offers/literature relevant to prospect based on needs identified in call.

    Week 4 - Follow up call again
    This time seek interest in offers / services and book appointment to visit

    Hope this helps, its extremely cost efffective and works incredibly well in the SME market.

    Good Luck
  • Posted by Blaine Wilkerson on Accepted
    This is the strategy I used and still utilize for for my clients in the same predicament.

    I wanted to start my own marketing/distribution company. My start-up capital: ZERO. Partners?: ZERO. Industry/Networking Contacts and Colleagues? MANY!

    Knowing what and who my target demographic was, I simply started scouring the Internet for company sites and sites with lists of companies within my demographic. After making a list, I created a brief, creative summary of my services along with a "vague" indication of who my contacts are and a "specific" explainantion on how they can benefit. It was created in the form of an email. Targeting the email addresses of the highest level contacts I could find, I blasted my proposal with the header "PLEASE FORWARD TO PRESIDENT/CEO! THANK YOU!".

    In my proposal, I figured what better way to beat the competition than by initially offering my services for free ( on a contingency of a commission or compensation package should I prove my performance). The response was mind boggling! Within a week, my Inbox was full of responses. Now I have so much business I can hardly keep up!

    How much did I spend (other than internet access): ZERO! The only thing I did spend was my TIME...which is arguable due to the popular cliche "Time is Money".

    My rebuttal? "I agree!, I turned my Time into Money".

    Of course, I was forturnate to have an "intellectual" product: services and creativity.

    This strategy can be applied to a tangible product as well, although logically, a tangible product has to be manufactured and that is not free, but reaching out to your demographic can be.

    Shoot me an email with more details on your product and perhaps I can assist you!

    Good Luck!
  • Posted by Pepper Blue on Member
    Save yourself a lot of time: If you can spend $9.68 (used) or $11.20 (new) you can go to Amazon right now and buy "Guerrilla Marketing for Free" : Dozens of No-Cost Tactics to Promote Your Business and Energize Your Profits. By Jay Conrad Levinson. ISBN: 0618276793

    Then, when you finish it go buy everything else he has published (used of course on Amazona or half.com).

    Sure, some of it is getting dated, but the principles still apply.

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