So you left your J-O-B
without a plan and without a single dime?
Now what?
Technically, 85% of new
businesses are bankrupt before they even get started. Why do you think that is?
There are three key reasons
for this.
1. There is no plan of any
kind...no marketing plan...no business plan.
People get laid off their
jobs, cannot find a job right away, and so they decide that they can just go
out and get clients of their own doing what they did before, or they can start
a small business with a "bright idea". They have a big dream and have
absolutely no idea what they are going to do to reach that dream.
2. There is NO marketing
budget.
With all the free online
marketing that can be done today, people tend to think that they can just do
social media and email marketing and make a million dollars. They have no
training, no coach, and are simply wandering in the dark.
Here's the secret: You NEED
a marketing budget.
3. There are no clients.
These new business owners in
starting their business have no idea where to find clients. They think that if
they just broadcast on the internet through their social media, they will
attract clients and make a million dollars. NOT!
Think about it for a minute.
If you have a plan, then you
have a way to get clients and once you get clients, you have money, and then
you can have a marketing budget. NOT!
How are you going to target
your market? Who is your market? Will they buy what you offer? How much are you
going to charge for your "stuff"? What can you do to be successful in
your business?
These are questions that I
hear on a daily basis.
It is kind of like "which
comes first, the chicken or the egg?"
First comes the business
plan or a good marketing plan.
Second comes the budget that
includes a marketing budget.
To get started, the money
must be in place. You will need at least six months of cash on hand to keep you
afloat in order to make your business a success. The first thing I do with my
business clients is ask them about their money. Then we set up a simple 12
month cash flow projection for them. It is amazing how revealing this simple
task is. The business owners are always astounded when they see all the things
they didn't think of for their marketing plan.
Third comes your target
market.
If you have put hard work
into your research and know your potential market, what they want, what they
will pay money for, and how much they will pay for it, you have the basics in
place.
Having all these things in
place will be even more powerful with a Business Coach. Don't try to be a lone
wolf and go it alone. You cannot go it alone and be as successful as you can be
with the assistance you receive from a coach.
These are the things that
have inspired us to launch our Marketing series dealing with marketing from the
inside out, and how to develop your own unique brand.
The series begins on March
8th and the last episode is June 14th.
Sign up today!
https://siftingthroughthenoise.eventbrite.ca
(Registration ends Tuesday, March 8th
at NOON)
Christine Till
The Marketing Mentress
https://ca.linkedin.com/in/marketingmentress
www.2csuccess.com