Introduction to Public History Interpreting the Past- Engaging Audiences – – Elizabeth M. Nix

Introduction to Public History: Interpreting the Past, Engaging Audiences is a brief foundational public history textbook for use in undergraduate and…

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New Business Shows Power of Having a Really Specific Target Market (Watch)

When starting a business, it’s important to have a specific target market in mind. Some businesses target large groups like millennials or women. But others get even more specific.

The Value of a Specific Target Market

Take the case of ExpressionMed. The company, founded by 19-year-old Meghan Sharkus, makes only one type of product — colorful stickers that hold insulin delivery devices in place. The market for this product is small but clear. She’s aiming to help kids with diabetes change the perception around the disease.

Right now, Sharkus makes all of the stickers by hand. But she recently started a Kickstarter campaign in order to get started with machine manufacturing.

So even though her business only offers one type of product targeted at a very specific group of people, it’s doing well enough for her to consider expanding. And since about 29 million people in the U.S. have diabetes, many of them kids, there’s still a sizeable market for her products.

Other businesses can potentially learn a thing or two from Sharkus. Even though she’s young, she was able to create a product with a very clear purpose and market it to a very specific audience. Whether you sell one product or a hundred, that’s an essential building block of any successful business.

Target Photo via Shutterstock

This article, “New Business Shows Power of Having a Really Specific Target Market (Watch)” was first published on Small Business Trends

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5 Great Tips on Successful Small Business Branding

5 Small Business Branding Tips

We all understand how important brands can be.  There are brands that signify all over the world.  Nike.  Harley Davidson.  Starbucks.  These are companies that are more than just the products they sell.  They’re lifestyles.  They’re statements, both about the company and the consumers who choose them.

If you think bold, memorable branding is only available to big companies with massive marketing budgets, think again!  No matter your industry, you can cultivate a unique brand that resonates with your clients.  Want to know how to do it?

Small Business Branding Tips

1. Clarify Your Company’s Purpose

For a brand to be meaningful, it must connect to your company’s reason for being (which, incidentally, assumes you have a reason for being above and beyond simply earning an income.)  Why did you start your company?  How do you think you’re making the world a better place?  Without a firm grasp of your purpose, you’ll never be able to communicate what’s unique and important about your company.

2. Enlist Your Employees

Along with clarifying your purpose, you must also ensure that every single member of your staff understands that purpose and knows how and why to communicate that purpose with every customer.  In a perfect world, your purpose isn’t something that’s pounded into your staff.  It’s something you hire for.  When you hire an employee who shares your values, then you’re on the right track.  Effective branding isn’t an afterthought.  It infuses everything you do!

3. Create a Rallying Cry

So for my company, Profit First, our purpose, our rallying cry is “We want to eradicate entrepreneurial poverty!”  We say it, and we mean it.  Every morning huddle (our quickie standing meeting) reiterates our purpose and the steps we’re going to take that day to accomplish it.  Our rallying cry lets us communicate our purpose and values quickly … to anyone and everyone.  That’s our brand.

4. Enlist Your Customers

You know your purpose.  Your staff knows your purpose.  But do your customers know your purpose?  Letting your clients know that they’re buying more than just your goods or services is key to enlisting them in your brand building efforts.  Consider the Life is Good brand.  When people don a t-shirt, they’re making a statement about a lifestyle, rather than just getting dressed.  Folding in what makes you unique and worthwhile is a big part of successful branding.

5. Hire a Pro

Sometimes we think we should be able to do it all, but no matter how talented you are, you need help in the areas that aren’t your strength.  If marketing isn’t your thing, consider hiring a consultant or agency to help you crystallize and evangelize your brand.  Professionals can help you avoid spinning your wheels and wasting money on ineffective tactics.

Your brand is more than just your company name and a slogan.  It’s the expression of your values, your quality, and your unique vision.  Branding done right cements you in the minds of your customers.  It makes it easy for people to understand who you are and what you do.  Branding differentiates you from your competitors, and it speaks to your ideal customer, resonating with the people who will most appreciate your work.

Dollar Brand Photo via Shutterstock

This article, “5 Great Tips on Successful Small Business Branding” was first published on Small Business Trends

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