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Methods of the Marketing Mix

<p>When you run a small business&comma; particular attention has to be given to properly managing and allocating your resources&period; You must understand who your customers are and how you can attract them to your business&period; In the retail sector&comma; small businesses do not have the budget to try to compete against the Walmarts and Home Depots of the world&period; Those corporate giants can have multi-million dollar websites and a huge marketing budget&period; If you cannot afford expensive television advertising or a high-tech online marketing campaign&comma; a good alternative is to turn your attention to print media&period;<&sol;p>&NewLine;<p><strong>Direct Mail<&sol;strong><&sol;p>&NewLine;<p>Yes&comma; that&&num;8217&semi;s right&period; Contrary to what many people think&comma; <span style&equals;"text-decoration&colon; underline">direct mail<&sol;span> is still a very affordable and effective means of reaching people who fit into a specific demographic group&period; Nearly 20 percent of every dollar spent on advertising in the United States is direct mail&period; When you open your mailbox and see an offer from a local restaurant or a flyer for specials at the grocery store&comma; you are more apt to read it than if you saw that same ad on the internet&period;<&sol;p>&NewLine;<p>Direct mail has the highest response rate of all media forms&period; You can control the cost by limiting the number of pieces mailed and by developing a very focused mailing list that pinpoints those who are most likely to respond&period; A properly conducted direct mail campaign works&period;<&sol;p>&NewLine;<p><strong>Five Reasons Why Direct Mail Works<&sol;strong><&sol;p>&NewLine;<ul>&NewLine;<li>You can personalize each piece to the recipient&period;<&sol;li>&NewLine;<li>You can save money by only targeting those most likely to respond positively&period;<&sol;li>&NewLine;<li>You can avoid getting lost in the clutter of all other marketing channels&period;<&sol;li>&NewLine;<li>You can see your results and use them to make adjustments on future mailings&period;<&sol;li>&NewLine;<li>Your printed material is more permanent than an online ad or email&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p><strong>Cost of Direct Mail<&sol;strong><&sol;p>&NewLine;<p>The U&period;S&period; Postal Service is actually a very good resource for small businesses who want to conduct a direct mail campaign&period; You can take advantage of the special business rate on first-class mail&period; If you want to target people living in your local zipcode&comma; you can send direct mail weighing up to two ounces for just &dollar;0&period;36 per piece&period; That compares favorably to the standard &dollar;0&period;46 per piece for just one ounce of first class mail&period;<&sol;p>&NewLine;<p>As an example of how direct mail can be the best way to attract the right customers to your store&comma; consider the following scenario&period; You run a small business that sells cribs&comma; diapers and other items for infants&period; If you develop a list of new or expectant mothers in a ten-mile radius of your location&comma; you can send each of those households an attractive invitation to visit your store&period; You can include an incentive &lpar;coupon&rpar; on the mailing to increase the response rate&period;<&sol;p>&NewLine;<p><strong>Distributing Flyers<&sol;strong><&sol;p>&NewLine;<p>Another very affordable way to get your message out is to design and print flyers&period; You can do this on your own computer or bring it to a local printing services shop&period; You can post the flyers in public places&comma; hire someone to stick them on the windshields of cars in parking lots near your location&comma; or distribute them right inside your store&period;<&sol;p>&NewLine;<p><strong>Doorknob Hangars<&sol;strong><&sol;p>&NewLine;<p>A small cardboard placard that hangs from a doorknob can be a real attention-getter&period; When someone arrives home from work and sees a cardboard hangar or bright orange plastic bag on their front door&comma; they are always curious about what it is and who it is from&period; This is an effective way to get people interested in what you have to sell&period; You can use these printed ads to announce a big sale&comma; special event or anything else that you want to say&period;<&sol;p>&NewLine;<p>Whether you are forced to operate on a shoestring budget or you have set aside a sizeable sum for marketing&comma; print media is a good option for many small businesses&period; If your target audience is only the local community&comma; it does not make sense to try to get your message out on the internet to people living 500 miles away&period; There is always the opportunity to combine print advertising with other forms of advertising as your company grows and has more money to spend&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

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