Wednesday, July 25, 2012

Why Marketing and Branding can Make or Break any Business ...

Every since I stumbled across this little skill called SEO, I?witnessed?the growth of the Internet from a side most still have no clue about. I was also able to expand my knowledge beyond just an SEO and stepped into the world of Internet Marketing. A whole different ball game that my SEO skills meshed with well. Upon arriving to the dance, I began to notice the change from traditional marketing channels used to inform the masses to new age ones that placed businesses at the fingertips of those searching for a particular business or product. And it started to hit me - Marketing and Branding make all the difference in your businesses survival.

Why Marketing Keeps Your Business Alive

The old saying of "if you build it, they will come" has just about met the end of its road. The average business in the U.S. closes in the first 2 to 5 years of opening their doors, and the majority closed due to lack of marketing. Even if your business is in a busy area with tons of foot traffic, you just can't rely on people floating in on a whim. Creating a marketing plan allows your business to gain the attention it needs as long as it can be found by those seeking your brand or product.

  • Over 300 million daily searches are performed in the U.S.
  • 66% of those searches seeking a certain business, product or service contact or visit the business 82% of the time.

So when someone is searching for your product or brand, do they find you or your competition?

Branding is What It's All About

Marketing and Branding can actually be kissing cousins. Once you begin marketing your business, you've started to push your brand as well. A brand could be:

  • A product or service you offer
  • A certain type of business

Branding your business, product or service while Marketing is one thing, but building a solid reputation for it is what makes it stick. Growing your brand is all about its trust and reputation it builds in the eyes of its consumers. This means that what ever brand you offer the public of your network for sale, it has to be trust worthy enough to come back for more. If it doesn't accomplish this, then even your marketing is dead in the water because no one believes in your brand.

Market and Brand the Right Way

What do I mean by the right way? What I mean is make sure your marketing plan places your brand where people are searching for it. The number one issue with businesses opening is that they NEVER take the time to create a marketing plan or use old outdated marketing tactics expecting success. There lack of marketing knowledge and information doomed them from the start. Remember that your marketing Budget is ALWAYS a priority for your business. Without it, there is no real need to even open your business.

Source: http://smallbizbonfire.com/xn/detail/6460578%3ABlogPost%3A14106?xg_source=activity

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