Monday 24 October 2016

How to Generate New Business for Your Start-Up

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Our next event will be at Indigo Blue on 9th November. The topic will be 'Having established demand and support for our product what else should we do to ensure commercial viability?" We hope to see you there!


People won’t buy something that they don’t know that they want yet. So don’t start by selling your product; start by marketing it.

Most successful brands, from Apple to Nike, aren’t selling a product, they’re selling a lifestyle. One pair of trainers doesn’t really differ that greatly from the next and yet Nike manage to convince their customers that a new pair of kicks will change their lives. The same goes for the latest iPhone. It’s not that different from the one that came before but everybody wants it, just the same.

People need to want to live the kind of lifestyle that your product offers. And when they do, you don’t need to directly sell to them anymore. Start as you mean to go on and create an effective communications campaign to drive sales without direct marketing.

Start with Your Customers

Communications is all about storytelling and there’s no point in telling stories that your audience can’t relate to. Make sure you know who your target market is. Think about age, gender, location, etc. What music are they into? Where do they socialise? What are their favourite brands? Look at on demographic at a time – never try to be something to everyone all at once.

Now You Know Who You Want to Talk to, Decide Where to Talk to Them

The next step is to decide which channels you want to use to connect with your prospective customers. Will your target demographic respond best to social media or more traditional channels? Do you want to talk to them directly or via journalists? Or is it your existing customers who will introduce new business?

There are more channels open to you than ever before so be smart about making choices. Don’t try to use as many as possible; decide which ones will be most effective when communicating with your customers and focus on those.

For example, platforms such as Snapchat and Instagram Stories are very effective for energy drink brands, like Rockstar or Relentless, who market to young, active customers who enjoy high-energy and easy access content. However, older, more experienced customers might prefer platform such as LinkedIn or advertorials in magazines and newspapers.

Think About Your Content

With the advent of the internet and smart phones, you have all you need to create quality content in your pocket. All Macbooks have free video editing software as standard and your phone provides a decent quality video camera. There are hundreds of apps offering free photo editing software and we all have word processors coming out of our ears, on our phones, laptops and tablets.

People love to have things and knowledge that they can share and pass on. Ask yourself whether the content you’re putting out has value to others? Does it tell them something that they don’t already know? Why should they share it with their friends?

It’s also worth thinking about what makes your content unique but balancing that with making sure that you stay topical. No one wants to read about Christmas in July but equally, no one wants to read the same information over and over again in different words. Choose something relevant that no one else is talking about – what makes your product unique and why?

Don’t Be Afraid of Change

If what you’re doing isn’t working, then change it up. Another advantage of the internet age is that we all have instant access to metrics telling us exactly what works and what doesn’t. Identify what your customers engage with and interact with the most and do more of that. Then look at what they don’t like and either scrap it completely or change it. There’s no shame in being wrong about something as long as you are able to move on and find the right thing for both you and your customers.

Please comment below with your thoughts on generating custom for small business and effective communications campaigns. We always love hearing from you!

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