One of the greatest needs of
managers of small businesses is to understand
and develop marketing programs for their products
and services. Small business success is based
on the ability to build a growing body of satisfied
customers. Modern marketing programs are built
around the "marketing concept" and performance,
which directs managers to focus their efforts
on identifying, satisfying and following up the
customer's needs: all at a profit.
Marketing strategy encompasses
identifying customer groups (Target Markets),
which a small business can serve better than its
competitors, and tailoring its product offerings,
prices, distribution, promotional efforts and
services towards that particular market segment
(Managing the Market Mix). Ideally, the strategy
should try to address customer needs which currently
are not being met in the market place and which
represent adequate potential size and profitability.
A good strategy implies that a small business
cannot be all things to all people and must analyze
its market and its own capabilities so as to focus
on a target market it can serve best.
The SBDC at UNF resource section has a number of sites
you may find helpful in developing your marketing
skills. Marketing professionals in the Small
Business Referral Network are qualified to
help you develop your marketing plan.
The SBDC at UNF offers marketing
workshops throughout the year. Check and see when
the next workshop
is scheduled near you.