When considering marketing strategies for a small business, you will of course be looking for ways to give yourself every possible competitive advantage. In times of economic difficulty it can be a matter of survival, and in better times it is the way to maximize profits. Here are five ways in which you can give your business that vital competitive edge...
1. YOUR COMPANY NAME
If you are just starting out, or willing to go back to basics, then your company name is where it all begins. Make sure it doesn't sound "local", or includes some geographic landmark like "Brooklyn Bridge". That would immediately limit your appeal and make you look small. You need a name that will at least work nationally -- or ideally internationally -- so that you can attract customers from far and wide.
2. YOUR LOGO
Along with your company name, your logo speaks volumes about your business. It is your identity, so don't go cheap. It is worth spending time developing a concept for your logo, thinking carefully about what you want it to communicate. Then, have a professional designer produce it for you -- there are logo designers online who will produce a quality logo for less than $200.
3. YOUR BUSINESS CARD
Yes, even in this digital world the business card still has an important role. It is a powerful sales tool in the hands of your potential clients, and it broadcasts a distinct image of your company. Design it to speak quality and permanence, but without looking bland.
4. YOUR COMPANY ADDRESS
Your business might be focused quite locally to start with, but by getting yourself a "big city" address your image can grow overnight into that of a much bigger player. You could have offices in Los Angeles, New York, Seattle -- all without moving of course.
How? There are several ways including virtual office, mail forwarding, or using an Internet-powered mail service. And it doesn't have to be expensive.
5. THINK GLOBAL
By giving your company the right image you can position yourself to profit from a whole world of potential business as the Internet brings all countries closer together. Products from other countries often have a special appeal, and you should concentrate and capitalize on what you do best.
The Internet can bring overseas markets to your door, and by starting to sell into those you can give your business a buffer against recession or sagging sales at home.
And, of course, that will also give you a stronger base for growth.
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