Most
small business owners who have managed to survive the proverbial
first
2 years in business probably started out thinking mail order was an
easy
business to get into.
Chances
are the experience would have been a fun-filled nightmare they may
not
want to experience again. Sure, it was full of fantasy and hope. But
it
also means a lot of hard work and long hours.
When
trying to figure out where you want to take your business financially,
it
is common for entrepreneurs to extrapolate numbers based on their
advertising
budget.
This
style is perrineal among mail order people who equate advertising as
the
foundation of their operations.
This
approach sounds very logical and statistical, but it doesn't happen
like
that in the "real world" of mail order! Well... maybe once in a blue
moon,
but most of the time _ it just don't happen. It's not always because
your
offer is bad or the price is too high. And it's not always because
your
mailing list was bad. Often times, the reason lies in the fact that
you
and your company are unknown.
But
one of the most important reasons this statistical data only works well
on
paper is that most beginners are not skilled in the area of TARGET
MARKETING.
Yes _ that word is vital to the money your business will make.
Target
marketing is the process of focusing on a select and specific group
of
people you are advertising to. And it has everything to do with the
product
you are selling.
For
example, if you are marketing infant products, it would be very unwise
to
stage a direct mail campaign on a random list.
How
many times have you got a mailing that went in the trash just because
it
was selling a product or service you have no interest in? See what I mean.
If
the company mailing these catalogs and advertisements would have
pre-qualified
you or I and target-marketed their items correctly _ we would
have
never received them. It is wasted money for the company!
But
how can you pre-quality or target market your audience before placing
an
ad? If you are a beginner, it will take some time before you are
experienced
enough to do so. However, you can always get a sample copy
of
the publication first and see what items other people are advertising.
Then,
test your ads in the smaller mail order publication that offer
low-cost
advertising until you refine your ad and hit the right market.
As
soon as you begin generating responses to your ads, keep in contact
with
these customers and grow from there. They will bring you more customers
like
themselves because "birds of a feather flock together."
Therefore
_ take my advice and SLOW DOWN a little. I know this is easier
said
than done _ but if you don't slow down, you could easily get ripped-off
and
lose a lot of money. Just like attending college _ you won't get a
Master's
Degree the same day you begin classes. It takes 3-4 years!
Take
your time to get to know some of the pros and read what they have to
say.
Survey and study the market. Read and educate yourself by investing
time
into study. Start out in mail order like you would start working for
any
company _ at the bottom. Learn the tricks of the trade. Make friends
and
associates with "good" dealers and stick with them. Honor your word
and
work
dealerships to the advantage of yourself as well as others.
Mail
order is only a process by which products are advertised and delivered
to
consumers. It works for any product and works for anybody. You don't have
to
be rich, educated or a certain age, color or heritage. You don't have to
wear
certain kinds of clothes or have your hair styled in the latest craze.
The
only limitations are your own abilities and confidence in yourself.
I
know because I started out really poor and brought my business up to
a
thriving, self-supporting home business!
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