For
most people there are many things they love about a winning business, but what
they don't like is creating the business strategy to make their business a
success. Vladimir Tingue says the
trick to creating a business strategy is just knowing that without a winning
business strategy you will have a tough time getting you business off the
ground.
When
it comes to a winning business strategy you need to first make sure you
understand the key parts of creating one. A business strategy is much like a
business plan but you put more thought and detail into the actual marketing,
targeting, and product planning than you do in a business plan. A business plan
is all about profit and showing expenses, but a business plan is all about
getting customers and later making profits.
Business strategy:
Target market - The target market is very
important to know because without it you won't know who to spend the most time
chasing and spending advertising dollars for.
Vladimir Tingue want to
target business strategy because the wrong market could waste a lot of money
and time.
Marketing plan - When it comes to marketing
you can't leave anything out. The best way to market is to do anything and
everything as long as it works. For most businesses the best way to get people
to know about your product is newspaper ads, internet ads, word or mouth and
often times radio advertisements. All you have to do is do all those and more
and see what works the best and stick to that.
Product - If you have a business then
you must know what you want to sell. You could sell services, products or maybe
just be the middleman, but whatever it is you are you need to know your product
inside and out. The best thing to do is use your product or service over and
over again so that you are an expert with your product.
Start - I have created and applied
many business plans and the one thing they all have in common is that I did the
upfront work and after looking over the plans and numbers I could see the
business would be a success, and when you find a business that is already setup
for success you need to start it right away. The biggest thing I know about how
to make money quickly is that the world changes so you need to start while your
plans are fresh.
No comments:
Post a Comment