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Small business and ecommerce tools
How to simplify your start up without overlooking fundamentals

Small business and ecommerce tools were made for each other. Trusted and well used ecommerce tools can give you valuable information to make better decisions. This of course is highly valuable when you're starting your business...

If you're new here in the site, please take note this article is part of a section dedicated to learn about how to make extra money as a first action step to improve your personal finances.
For your own benefit, we encourage you to read this article and if you need more information, go to the main page of this section to follow the sequence of articles. You can use the links at the bottom. Thanks and enjoy!

Preparation of a marketing plan

In our last article, we said that a marketing plan can be prepared in three stages and talked about stage 1:

  1. Analyze the market and the competition
  2. Choose your target market
  3. Determine your marketing strategy

If you haven't read or want to review something, please read our last article. We're going to talk about the second stage in this article...

2. Choosing your target market

Nobody has the same needs and therefore your product or service just can't satisfy everybody.

At this stage you choose the group of customers (“customer segment”) whose needs your product or service meets best, and to whom you have a better offer, compared with the competition.

You have to identify those customers who will benefit the most from your product or service, can be reached by your business and are ready to pay for it.

You also define how you want to distinguish yourself from the competition (“positioning through differentiation”).

Perhaps the main reason for a small business or ecommerce project to choose a target market is due to economic reasons. Let me explain it...

Since people have different needs and wants, results economically unviable to adapt your product or service, technology, machines, marketing strategies etc. etc. to satisfy every need and want from each individual.

Instead, you'll have to choose a group of potential customers with similar needs and wants (target market) that your business can serve efficiently. Of course this segment has to be big enough to make reasonable profits.

This fundamental is the same for a big or a small business but ecommerce tools like Brainstorm It! and Niche Choose It! from SBI! can ease this task bringing you data of demand and supply for different sets of keywords and helping you to make a rational and well thought decision based in the pros and cons.

You can find an explanation about how these small business ecommerce tools can help you to choose your target market.

Also, you'll have to identify your potential costumer to understand his/her needs and wants, make a description of their characteristics and therefore deliver what they want or need most.

Therefore, the sale process doesn't begin with your small business or ecommerce site. It begins having your costumer's needs and wants in mind. Here is a tool to help you identify your potential costumer and write to him/her:

toolNetwriting Masters CourseConsidering that you have to deliver value to your costumers before to make any sale, SiteSell (the company behind SBI!) has developed a complete guide to help you create a previous relationship with your costumers and build your reputation: The Netwriting Masters Course

Instructions for download

To access this tool we encourage you to be part of our community by subscribing to our Financial magazine: Planning a Better Future for free. With your subscription we'll send you the password to access resources and tools on the site. For more details about the additional benefits that you get with your subscription click here.

If you are already a member of our community, you can download this free e-book by by going to www.ziddu.com/download/4622679/NetwritingMasters.rar.html.

Feel free to share it with your friends, family and colleagues.

As you saw, small business and ecommerce tools are made one for each other and can simplify your start up process. In our next article we're going to talk about the last stage of this plan.

Now let's back to the main page of this section to learn more about how to make extra money as a first step to improve your personal finances. Just use the links below:

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