Around 4.62 billion people worldwide use at least one social media platform.
That’s 4.62 billion people you could potentially be marketing your product or service to. Realistically not all of them will be interested in what you sell, but the further your reach is, the more success you will have.
To increase the exposure of your business and people’s interest in it you need to market your product or service effectively. For some business tips to help you do this, keep reading.
Find Your Target Audience
To successfully market a service or product you first need to know who you’re marketing to. This means knowing who they are, what they want, and why they want it.
To do this you need to look at your product or service and think about who will benefit from it. What you’re selling shouldn’t be too niche as that will limit your audience, but also bear in mind you can’t sell to everyone. You should aim for the mid-ground.
Refine Your Products or Service
Before you can market a product or service properly you need to make sure it meets the wants and needs of your audience. Figure out how you can best serve them, then you can market it based on the decisions you’ve made.
This is best done by identifying a problem and determining how you’ll solve it. You also need to make sure your product or service stands out from similar ones available. You have the best chance of succeeding if you’re the best option your customers have.
Seeking client input is great for this as you can use any information your audience gives you to fine-tune your product as needed.
Branding is essential here. Your brand image will help you stand out from the competition and establish yourself as a business. Some things you need to establish include your brand name, your brand’s mission statement, a logo, and branding colors/fonts.
After this, you need to put an effective marketing strategy in place. There are various elements to marketing, with some of the most important being the following:
- Social media pages
- Printed advertisements
- Email marketing
- Local advertising (commercials, signs, billboards, etc.)
The way these all work and the content they feature will depend on the nature of your business. Ensure your marketing is primarily geared towards your target audience. For example, if you have a younger audience, social media marketing is one of the best tools at your disposal.
Make Use of Reviews
As soon as customers have started using your product or service you should be looking for feedback. Reviews will tell you what customers think, both good and bad. You can then use this to further adapt and improve your business.
Going through reviews can be times consuming, so using an automated service such as Arrivala can be a good idea. If you get to a point where you think “I can’t keep track of the google reviews for my business” then Arrivala can help by tracking reviews, filtering through negative reviews, sending automatic follow-ups, and more.
Arrivala also has a free option so you can give it a try before going for their premium version.
The Importance of Marketing Your Product or Service
Properly marketing your product or service is key to business success. No matter how good what you offer is, if people don’t know about it and what makes it special you’ll be missing out on a huge amount of sales.
If you’re interested in more business articles check out some of our other blog posts.