Marketing your home based business is vital to its success. So one
of the first things you should do when starting your home based business
is to develop a marketing plan.
For
your home based business marketing plan, you need to know what your
business is really about and what separates you from the other guys in
the same type of business. When you have an idea about this, you want
to develop an unique selling proposition statement (USP). This is
different from an advertising tagline, although you may end up using it
as one. A USP, however, is usually a one-sentence statement that sums
up who you are and what the purpose and mission of your home based
business are.
After you develop your home based business USP, you
want to think seriously about your target market. Who are they? Where
do they live? How much education do they have? What are their buying
habits? What's their gender? Asking questions like these help you know
your customers inside and out, which will be of tremendous benefit in
allowing you to talk to them in their own language and in understanding
the best way to get the message about your home based business across to
them.
Once you know these things, it's time to think about
advertising. You will, of course, want to have business cards,
letterhead and envelopes for your home based business. You may want to
hire a graphic designer to develop a special logo just for your home
based business and have it printed on all your business and marketing
materials, from envelopes to television commercials, if you decide to
run some to advertise your home based business. A logo is an excellent
way to brand your business so that the minute people see it, they
automatically think of you. If you don't think this is true, consider
Nike. Without the swoosh, Nike just wouldn't be Nike.
You will
definitely want to have a website for your home based business, whether
you're doing business online or off. Even if you're not marketing your
product or service to the online community, a website gives your home
based business more substance and credibility. Web developers and
writers can have your website up and running in a day, but it's better
to take some time and plan the look and feel you want your website to
have before going live with it.
Some other ways to market your
home based business offline that are quite inexpensive are flyers,
circulars and posters. You can make these types of marketing materials
on your own computer, then post them around town and leave them in
places where there are likely to be people who want your product and/or
service. Marketing materials like these are much more effective than
you might think and are a great way to reach an untapped market for your
home based business. However, if you're leaving flyers in a business
or office be sure to get permission first. You don't want them to just
get chunked in the trash!
Other home based business marketing
materials that tend to be a bit more costly are brochures, radio
commercials, billboards and television commercials. But they might not
be as expensive as you think, especially if you're focused on a
particular small area. For brochures and billboards, you will want to
hire a good graphic artist to create them, and you'll also need to buy
media placement for the billboards. For commercials for your home based
business, both radio and television, you'll need a copywriter to write a
script unless you plan on writing it yourself. You'll also need a
producer to record or shoot your commercial. You'll also have to buy
the media placement for it. Many small local advertising agencies in
your area can do all of this for you at a moderate charge. Some
agencies that are just starting out themselves may be willing to give
you a discount to help advertise their own service. Just make sure
their agency has a reputation for quality--like the one you're
developing for your own home based business!
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