Marketing Advice By Business Type

Marketing a Speedometers Retail Business

Marketing a speedometers retail business isn't as simple as it seems. To get noticed, you'll need to invest time, energy, and resources in an innovative marketing plan.

Marketing is a tricky business discipline, especially for inexperienced entrepreneurs who possess more enthusiasm than expertise.

Advances in technology and the marketplace itself have made it necessary for businesses to stay on top of the latest trends and strategies. More than ever before, foundational marketing concepts have become the bedrock upon which successful marketing strategies are constructed.

Niche Marketing

A niche marketing approach is a good fit for small businesses, particularly speedometers retail businesses that hope to dominate a geographic of demographic wedge of the marketplace. To be effective, niche marketing requires attention to the kinds of details many businesses overlook. A keen awareness of your company's unique value proposition is a prerequisite for success in this approach.

Furthermore, niche marketing means tailoring resource acquisitions to the needs of your market segment. For example, top providers can focus mailing lists to the specific requirements of your market niche.

Product Knowledge

There is no substitute for being able to speak convincingly about your products in a speedometers retail business. Whether you outsource marketing or handle it in-house, the more familiar marketing personnel are with your products' distinctive characteristics, the easier it will be to devise marketing strategies that differentiate your speedometers retail business from the rest of the field. If necessary, conduct product information meetings before launching a major marketing initiative.

Directories

Directories are a common tool for finding a speedometers retail business. When all of your competitors are listed in a directory, you have no choice in the matter. To keep pace, competitive businesses must include the same directories in their plans for marketing speedometers retail businesses in a region or territory. Premium directories may or may not deliver the ROI you expect to receive from paid marketing vehicles. Regardless of whether it is a premium or free listing opportunity, every directory needs to be evaluated on its own merits. Also, be sure to update your directory listings whenever your contact information changes.

Share this article


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary