Is The Slowing Economy Hurting You??26 Jun
As many of you are aware, The global Economy is suffering, Multi Billion dollar corporations are going bankrupt, people are losing ther jobs and there lively hood, but there is light at the end of the tunnel.
Unlike the rest of the globe, Australia was fortunate enough to dodge the looming recession, but that doesn’t mean that we escaped unharmed, we still had many businesses go bankrupt, and many, many people have lost there jobs, and are facing financial ruin, but what should the rest of us do?
The first thing to learn about recessions is that the upward spiral can be a rough one, following a recession you have a boom, and what work needs to be done to capitalize on a boom?
Marketing, Just because you have managed to survive the tough economic times, doesn’t mean that you’ll continue to be in business, the key is to discover, A) who is your target market 7 B) how can you reach this market.
The first one isn’t as hard as you may think, for example, the target market for Invision Signs is business people, so it would be a pointless excercise for us to do a letter drop to every hose in our area, most homes would see the flyer as junk mail and not even look at it before it goes in the bin, Businesses however are statisticly more likely to atleast read the fler first, we may be advertising something that, at that point in time they don’t need, but this may change in the future, so alot of these people, will put the flyer aside and refer to it at a later date. This would be a very affective marketing tool for oue business.
Now how do you reach your market, Once you have established who your market is, next you need to decide how it is that you are going to reach them!
For example, if your target market is families with children, your best time to advertise might be at a local children’s sporting event, so you might like to look into sponsering a local children’s sporting team, that way you get your company logo and contact details in the fixtures book for all the parents to read, or you might negotiate with the club to have you company logo, and myber your catch phrase printed onto all th players shirts, or how about sposering the facility where the sports are played. In most cases there are a number of sporting clubs and types that share a particular sporting facility, so if you where to sponser that facility you cold get a sign made with your company logo and/or catchphrase on it, and have that strategically placed somwhere within the grounds of the facility, where there is going to be a high volume audience that is going to see this sign on a continual basis. So this might be another good way for you to market your business & help out a local sporting team or facility with some times much needed funds.
I hop that the information contained in this post are useful and informative to you all, This post will be updated regularly with more hints and tips for how to successfully market your business.
So please check back often, if you require further help or advice, please use the contact us link on our main page, and we will endevour to repond to you ASAP.
Thankyou
Management

