Marketing is a tricky business discipline, especially for inexperienced entrepreneurs who possess more enthusiasm than expertise.
By applying a few common sense tips and marketing fundamentals, you can avoid the pitfalls and set your company on the path to marketing success.
When It's Time to Rebrand
There are many reasons why it might be time to begin a rebranding initiative - but a lack of alternative tactics is not one of them. That's not how rebranding works. Instead, rebranding should be performed for the right reasons. For a water coolers retail business, brands are tied to specific stages in the life of a business. If your company is expanding, you will inevitably outgrow your brand and it will be time to prepare for a comprehensive rebranding effort. With the help of a professional marketing firm, you can give your brand a fresh face while maintaining brand distinctives and brand recognition.
Improving Customer Loyalty
Customer loyalty provides the backbone for business growth. In growth-minded water coolers retail businesses, sorted and updated mailing lists obtained from top-tier providers are effective tools for customer acquisition. However, customer acquisition will only get you so far. To achieve revenue growth, you'll need to combine customer acquisition channels with strategies and mechanisms designed to transform new customers into followers and hopefully, brand advocates.
Interested in promoting your business in the public square? Then consider sponsorships, a time-tested tactic for marketing water coolers retail businesses. Successful sponsorships create connections with customers; ineffective ones alienate customers and drain your marketing budget. It's critical to accurately match your event and team sponsorships to likely water coolers retail business customers. In any sponsorship scenario, be prepared to quickly withdraw your support if the event begins to attract negative publicity.
Given your interest in marketing and in water coolers retail businesses, you might find these additional resources to be of interest.
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