Industry Specific Marketing Advice

Marketing a Gas Burner Parts and Supplies Business

Marketing plays a central role in any company. But when it comes to a gas burner parts and supplies business, your ability to market your brand can be the deciding factor between barely making it and achieving stellar industry success.

The marketing model for a gas burner parts and supplies business has changed dramatically over the past twenty years.

As a business owner, you probably already have a firm grasp of basic marketing concepts. However, the most visible brands are always on the lookout for the marketing tactics competitive gas burner parts and supplies businesses have used to achieve success.

Staffing Expertise

Assigning responsibility for the execution of a marketing strategy can be more difficult than creating it. For many business owners, in-house staffing is attractive because it can (theoretically) be performed by current employees and can give the owner more control over the process. As a way to improve performance and time management, owners of gas burner parts and supplies businesses it makes sense to hire a firm to handle the creation and execution of your marketing strategy. Outsourcing is less expensive than maintaining an internal marketing unit and it ensures that your company's marketing plan receives the attention it deserves.

Market Segmentation

In today's environment, it's impossible to market a gas burner parts and supplies business without a market segmentation strategy. Although segmentation can be based on a variety of criteria, it's most commonly used to identify geographic or demographic groups within the marketplace.

Consumer and B2B lead list providers specialize in helping businesses segment diverse markets. By sorting and filtering current databases, your list vendor provides lists containing the names and contact information of likely buyers that fall within the parameters of your gas burner parts and supplies business market agenda.

Price Matching

In a difficult economy, consumers expect businesses to engage in a certain amount of price matching. The principle is simple: Since pricing is a primary factor in product selection, your business agrees to match advertised competitor pricing. Without price matching, if they can locate lower pricing from a competing gas burner parts and supplies business, buyers will jump on it. So whether you like it or not, pricing is a necessary element of your overall marketing strategy. If your business isn't prepared to match standard price points, you'll need to adjust your business model and pricing structure to accommodate the rates that are being charged by other gas burner parts and supplies businesses in your area.

Share this article


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary