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4. Differentiate yourself.
How are you better than your competitors? What is different about your company? Is your product or service a higher quality than your competitors’? Is it less expensive? Do you have better customer service? Does your product last longer? Require fewer repairs? Why do your customers choose you instead of your competitor?
What problems do you solve? Make a list of your product’s features and benefits. Are they different than those of your competitors?
Try to describe your business in one short and succinct “tagline,” or positioning statement. This should be a clear statement of what you do and what you stand for in no more than eight or ten words. Coca-Cola, for instance, says Coke is “The Real Thing.” Once you create this short positioning statement, create your 30-second sound bite, also known as your “elevator speech,” to use when you introduce yourself in public. This is also what you will use to help you focus your marketing efforts.
5. Create a marketing plan and execute it.
Now that you know who you are, who your competitors are and how you are better than them, you can create a roadmap to follow—a marketing plan for your company. Remember to include measurable short- and long-term goals, specific strategies, and appropriate tactics to reach your goals. Then, put your plan into action and evaluate results, making adjustments as required.
(c) 2003 by Lois Carter Fay. All rights reserved.
Lois Carter Fay, APR, is the owner of Strategic Business Partners, a marketing and PR consulting business, and the publisher of "MarketingIdeaShop BRAINY Tidbits," a F*REE weekly ezine featuring brainy ideas and resources for marketers and small businesses. Subscribe to BRAINY Tidbits today at http://www.marketingideashop.com and receive F*REE by email a handy list, "67 Ways to Promote Your Business."