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Overcoming Start-Up Blues
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 doesn'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! |