Every product has to have a sales marketing strategy to support it. You can occasionally promote a couple of things together like a table and chairs, but any item for which you do not have a sales marketing strategy is doomed to failure.
Let me put it simply, if you went out one day and noticed that someone was selling his entire stock of bicycle tyres cheap because they were going bankrupt and you bought them, who would know except you and the person you bought them from? And he is not going to like them back!
You may say: ‘But I would not do that. I would put an advert in the paper’. Well, that is your promoting marketing strategy. I am not saying that it is a decent one, but at least it is something. Something to improve on in fact.
The first thing to consider is who your target market is and how can you best reach them. The answers to these two questions will permit you to decide whether you are going to concentrate on on or off line sales. Never forget that the overwhelming bulk of sales are off line, although the on line market is increasing every day.
If you have a shed load of bicycle tyres, for example, you would almost certainly be better off advertising them in the classifieds section of the local paper. Or you could promote a one-off garage sale of cheap bicycle tyres or you could take them to a car boot sale. In your spare time, you could make a small website, but in this example off line sales are more likely than on line sales.
If however, you link up with a bicycle tyre firm that is willing to drop-ship (ie deliver) from their warehouse for you then a car boot or garage sale is useless to you. In this example, you ought to go straight on line, create an automated sales and payment processing page and advertise it on line by the various methods available.
If you really want to, you could back up the on line sales with a bit of off line advertising. For instance, you could put a postcard in the newsagent’s window promoting that your web site has a stock of cheap bicycle tyres that can be delivered to the customers’ door. Then only add the URL of your web site.
Your sales marketing strategy must be tailored to what you are attempting to sell. In other words, you have to have a lot of marketing tactics so that you can pick the ones that are correct for your product. No one sales marketing strategy is ever going to fit all the products. Therefore, if you rely on just one sales marketing strategy you will not succeed.
In summary, once you have your irresistible deal ready for sale, sit down and think about who will buy it and how you can reach them – ie how you can tell them that you have what they would like. Then draw up a plan – yes, I mean write something down! Write down how you are going to accomplish this and write down when the stages of your sales marketing strategy have to be completed by.
It is merely by having a solid sales marketing strategy that you can cite that you will succeed in marketing. Failing to plan is tantamount to planning to fail.
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Tags: advertising, Business, eCommerce, Home Based Business, Internet Marketing, Marketing, other, PPC advertising, sales, Site Promotion, small business, traffic generation, web site