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Before Going Into Business
The very first question that you must ask yourself before anything else. You got to demand yourself to an answer to this. Why the heck on earth would anybody pay for what you’re selling?
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1. Why should there be anyone who would do business with you?
This could be the very first question that you must ask yourself before anything else.
You got to demand yourself to an answer to this. Why the heck on earth would anybody pay for this “Junk” you’re selling? Yup, “Junk”, as I phrased it.
It doesn’t matter how good your product is to be, to the eye of others, it’s just another piece of product in a sea pool of other similar products.
So, still, be very proud of your product or service? Truly you’re 100% proud of it?
Do you truthfully and deeply believe people would be dumb by NOT buying from you?
Well…you passed the first barrier! You’re ready to start to go to the next stage.
2. The basic business needs 3 things: Lawyer, CPA, and Creative or crazy fellow, which could very well be you.
Almost every business gets themselves for the first two. It’s understandably so. Good creative people is really hard to find, hard to manage, and you’ll never sure of what you’re paying for.
Every established and sizeable business knows the creative side plays a heavier weight than the lawyer and CPA. CPAs and lawyers can help you when you are up there.
But at the early stage when your business is still an infant, your business lives or dies depending on its business branding activities in areas like business identities, logos, marketing campaign, advertising copy, and business slogans.
Now, are you NUTS enough? Have people been calling you NUTS?
If so, you are ready for the next stage! Do give yourself a “Cheers”!
STARTING A BUSINESS ON A SHOE STRING
3. Singing for Your Own? You Got To Promote Yourself In Every Possible Way.
Do all of them. Yes, Do whatever possible to get your business name to be up there! Get your Business Brand being noticed by others. There more the merrier!
Business can just come and go so fast before anybody could hear of them. People are busy, what do they care about? They don’t care about you and your business.
Why should they care? Get serious. Do everything you can possibly and reasonably afford to do. But beware; you must not mislead others because it’ll backfire quickly enough to wipe your business off.
Do you “Sing for your own self”? Then you’ve passed! Move on to the next stage…
4. Big Decision: Could You Win The Competition.
It’s very likely that you’re entering a crowded business market when you first started. Take a hard and closer look at what other fellows are doing; what your competitors are doing right now could affect your business greatly.
At this stage, you got to decide: Are you going for Head to Head fight? Competing on better quality? Crazier pricing strategy? Extra Mile Service Level?
Better Marketing Campaign? or what else? Or you would avoid all that, and create your own niche, where you are the leader?
If you decided to be offering the same or very much similar product at the same price, but your marketing materials don’t look half as good as your competitors…hey, you’re in deep trouble!
If you’re charging half compare to others, then it’s still alright to “Look” cheap, simply because you are the “Cheaper” alternative where people are looking for.
5. Marketing is basically just a matter of Perception.
”Perception” is just another fancy word for thoughts. The thought by the public has in mind all about you and your “Good” or “Bad” business.
Good salesmen control the perception more on a personal level like putting on a neat suit, very nice smile, and sincere voice, firm handshake…etc.
And your business marketing campaign needs to strive to achieve an equivalent level of effects. And it needs to be at a more abstract level by means of having an attractive Business Name, Eye-Catching Business Graphics, Professionally dressed-up staff.
Any things that just might seduce and persuade a potential visitor to become a paying customer.
6. Your Business Identity; Your Business Equity.
The Business Name, the Logo, the projected Business Look, the public’s perception, recognition, or even affection if there is; these are critical to business success.
Big businesses routinely pay big buck like millions of dollars for these aspects for the business.
Your Business Identity must be well organized to target the desired market. It’s what termed as the “Face” side, the side which the public always sees first.
Work on refining it so it works wonders. Improve it to get better and even better, and then protect it, and treasured like your beloved!
Yup, there are so many people who just bought a ready business. But every time they run a new marketing campaign, they tend to fall into trap of projecting a different business image and look. Really, don’t ever make such a mistake like an amateur.
Consistently stick to the business branding strategy that you have chosen at the very early stage. This is your Business Equity.
y keep changing the business look, you’ll get the public confused, and worse still if they see that you don’t even have the basic respect for your business identity.STARTING A BUSINESS WITH LITTLE INCOME
Don’t destroy the business equity; you need to be of utmost concern with your business image to the public. It has its own personality. It has to stand out from the rest.
It has to send a clear signal to the targeted market: “Here We are, Come To Us”, “Get Us Today”.
Do Love Your Business, just like you love yourself.