If you’re ready to greenlight a business idea that you feel has money-making potential, then it’s time to create your road map to entrepreneurial success! Learn to build a Business Plan that will become both the foundation and launching pad for your exciting new venture. We’ll take a deep dive into all the ingredients of a basic Business Plan, including how to evaluate the profit-making potential of your business idea; define your ideal customer groups; evaluate competitors; develop a savvy marketing and social media plan; and build a solid financial strategy that will sustain your dream. Thursdays March 28 & April 4 6:00 PM – 9:00 PM. Register here .
In his 1984 book Guerilla Marketing, Jay Conrad Levinson (1933 – 2013), whose studies in psychology led him to advertising agencies, brought to the forefront a marketing strategy that has a long history in American business. Levinson borrowed the term guerilla, “little war” in Spanish, that is, warfare waged in unexpected ways and usually using low-budget weapons, to describe disruptive marketing campaign tactics (that can be humorous as well).
Ho Chi Minh, the revolutionary leader who successfully fought superpowers France and America and who eventually became Prime Minister of Viet Nam, demonstrated that guerilla tactics can win a war. Might you, Freelancer friend, be able to incorporate a guerilla tactic or two in your marketing mix?
When done correctly, Guerrilla Marketing associates your product or service (brand) with innovation and authenticity. But to make your Guerrilla Marketing strategy effective, conduct thoughtful and comprehensive market research and confirm that you understand what is likely to resonate with, and not offend, your target customers. Ask yourself these questions:
1. Who are my customers, i.e. my target audience, and what do they respond to?
Not knowing your target audience will result in misguided efforts that only serve to confuse. Marketing is all about communicating with an audience you understand. Your current and potential consumers will know when you’ve failed to do your research.
2. Can we deliver this strategy as well as it needs to be delivered?
In other words, do we have the physical resources to make this happen the right way?
3. Is my brand right for this type of campaign (Guerilla Marketing or otherwise)?
It is important to consider how your unusual marketing tactics might be perceived. If it seems possible that a Guerilla Marketing campaign might seem irritating to the planned targets, it will create a negative impression for you and your company. Take into account the opinions of those who matter most to your business. For example, those under age 40 may love a Guerilla marketing campaign, but if they’re not your buyers, then don’t go there.
Finally, bear in mind that Guerrilla campaigns can’t be duplicated. If they are repeated too many times, they lose their effectiveness. So you must structure a strong follow up to your marketing efforts including more promotional acts and ways to convert the traction and interest into buyers. Leverage traction and convert to sales revenue.
Viral Uses social media platforms to promote a product, service, or an event. Viral means the message is shared among users of the platform and the info spreads to many thousands online.
Undercover Stealth marketing pitch that sometimes will feature a celebrity using the product in a public place while expressing his/her confidence in the product. The expectation is that fans will buy the product or use the service, since viewers may not realize that they’re getting a sales pitch.
Alternative Low-cost methods to target specific neighborhoods, usually by leafletting flyers and postcards on parked cars and doorways.
Presence Keeps your product or service constantly visible, to raise and sustain public awareness of the company and its products. Sponsorship of a popular drive-time radio show, billboards in key locations, sponsorship of major festivals or concerts. Whatever it takes to keep the company and its products and services at top-of-mind.
Ambush Promoting a product or service, often at a big event, where the company hasn’t paid to be an official sponsor. A surprise attack on a competitor’s marketing campaign. Guerrilla brand war. The ambusher uses creative methods to grab attention and steal the spotlight from a competitor.
Ambient Think of the Red Bull car and marketing messages placed in other unexpected places. On staircase steps, wrapped on a bus, banners on street light poles and ads for Broadway shows on the tops of taxi cabs.
Presume Often used for products sold online. Attention-getting visuals on high-traffic websites and also social media platforms direct prospective customers to the website, where the sales process begins. The purpose is to make prospective customers aware of the product or service. Product placement in films and TV is another form of this tactic.
Wild posting Urban street marketing, usually consisting of many posters for a rock band, hip-hop singer, or products used by the young and urban posted on the exterior of abandoned buildings and near bus or subway stops.
Experiential Grocery stores, malls, high foot traffic streets and special events are the usual venues. Prospective customers interact with the product or service directly and will associate their immediate reactions with the featured brand. Invite people to sample product after they’ve receive a pitch on why the product is beneficial and should be valued. Often a coupon is given to encourage a purchase.
Buzz Uses high profile media (traditional and social) to stimulate talk about the product or service. Buzz marketing works best when customer responses and eventual endorsement of the product or service are genuine. The ROI is amplified positive word of mouth.
Thanks for reading,
Photograph: Viet Cong soldiers in North Viet Nam in the 1960s. #Metoo!