- Know your customer
Market research is always going to be an effective way of streamlining your business. Focusing on you target markets and your target customers lets you know more about their wants and needs and increases your chance of selling more to them and to new customers.
- Use database marketing
Use your database for direct marketing. Database marketing is an easy way to increase your sales to people or businesses that you have already done business with.
- Start an email newsletter
E-newsletters are a fast and effective way to stay connected to your customers, and they cost a lot less than direct marketing.
- Exploit the 80/20 Rule
The 80/20 Rule states that 80% of your business comes from 20% of your customers, and that for maximum results, you should concentrate 80% of your marketing budget, time and energy on getting more business from this 20%.
- Encourage word-of-mouth business
Word of mouth happens when a customer refers other people to your business because you have provided good service or have quality products. For many businesses word of mouth is one of the best sources of new revenue.
- Switch to Social Media
Traditional advertising is expensive and makes it difficult to track ROI. Social networking sites, blogs, and viral marketing, however, allow you to connect with your customers in a more direct way.
- Make Yourself News Worthy
A mention of your company in the right media can help deliver your marketing message for cheap.
Posts Tagged ‘blogs’
Reducing Costs While Increasing Business
Tuesday, August 10th, 2010Tags: 80% of business comes from 20% of your customers, 80/20 rule, already done business with, blogs, challenge, database marketing, effective way of streamlining your business, email newsletter, good service, increase your chances of selling, know your customer, market research, marketing strategies, maximum results, mention of company in media can help deliver marketing message for cheap, new customers, new revenue, newsworthy, quality products, revenue, roi, social media, social networking sites, spending, stay connected to your customers, target customers, target markets, viral marketing, word of mouth business
Posted in Misc Marketing | No Comments »
Social Media: What you might be missing out on
Thursday, August 5th, 2010Tags: access information and services, access to a huge pool of potential customers, access to your business, blogs, communicate, diversity, effective e-marketing, facebook, free market research, global meeting place, huge amount of traffic, increase your revenues, integrated marketing communications plans, internet, low cost and high rewards, online, real time market research, sites are free, social media, twitter, user friendly, videos and photos, who is having those discussions
Posted in Misc Marketing | No Comments »
MRIA Vancouver March 25th Lunch and Learn Event: Privacy Risks in a Web 2.0 World.
Friday, March 19th, 2010Topic:
From Social Engineering to Social Networking: Privacy Risks in a Web 2.0 World.
Speaker:
David W. Stark, CIPP,
President of MRIA, Vice President TNS Canada.
Topic Description:
Social engineering scams trading on the good names of reputable research organizations threaten to undermine the public’s participation in legitimate surveys. Major scams in several countries are duping consumers in the name of research. Online panels that use social networking features need to address potential risks head on lest they or their panelists become victims of fraudsters’ schemes. In addition, Web 2.0 poses other challenges. Blogs, RSS news feeds, and the tell-all mentality of social networks make it increasingly difficult to protect sensitive concepts displayed in online surveys and keep client information confidential. This presentation reveals steps that researchers can take to mitigate all these risks.
Event Details:
Thursday March 25, 2010
Doors Open: 11:30
Lunch & Networking: 11:45 – 12:30
Speaker: 12:30 – 13:30
Q&A & More Networking: 13:30 – 14:00
Location:
Century House Restaurant & Bar
432 Richards Street – Downtown Vancouver
For more event information and to register, visit
Tags: blogs, cipp tns canada, lunch and learn, marketing, marketing consultant, mria, online panels, online surveys, panelists, privacy risks, rss news feeds, scams, social engineering, social networks, tell all mentality of social networks, vancouver, web 2.0 david stark
Posted in Misc Marketing | 10 Comments »