Startup Professionals Musings

article thumbnail

Are You Selling Solutions Through The Right Channel?

Startup Professionals Musings

Even the best products and solutions won’t go anywhere unless you sell them through the right channels. They usually get chastised and declined for ignoring the realities of the retail channel. The right channel for marketing and distribution is one of the basic “four Ps” of business (product, promotion, price and placement).

Channel 120
article thumbnail

7 Modern Day Business Strategies For Long-Term Growth

Startup Professionals Musings

In these days of global competition via multiple channels, you need continuous marketing to find more customers. Obviously, you need to promote these events via multiple digital and traditional marketing channels. They won’t find you. Be prepared to give away to participants something memorable that they actually want.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Key Factors Obscure Your Customer Acquisition Costs

Startup Professionals Musings

As I recently watched an episode of “ Shark Tank ,” I realized that the shark investors focus on your responses to these questions is also a credibility test on your business savvy, as it leads to other relevant questions on margins, channels, and your understanding of key customer forces. Outside partners and channel impacts are complex.

article thumbnail

9 Success Principles To Propel Your Next New Venture

Startup Professionals Musings

Products that can be easily produced and sold via multiple channels, including the Internet, are more easily scaled world-wide. Develop a product line and add alternate channels. New channels, such as adding brick-and-mortar distributors to supplement your online sales, also can multiply your rate of growth.

Merger 386
article thumbnail

4 Keys To A Successful Integrity Check With Investors

Startup Professionals Musings

Sales and distribution channel activity will be analyzed, as well as cost of customer acquisition, to make an independent assessment of your financial projections. A smart investor will take an independent final reading in the market on barriers to entry, active competition, demographics, and price sensitivity.

article thumbnail

10 Ways Owners Often Jeopardize Their Business Growth

Startup Professionals Musings

Yet I still see expense budgets based on traditional channels, with no strict metrics on cost of customer acquisition by channel, or lifetime customer value. The most cost-effective marketing approaches have changed; from catalogs to web sites, and from television commercials to social media. Excessive support and return activities.

article thumbnail

8 Priorities When Offering A New Product Or Service

Startup Professionals Musings

This may require you selling exclusivity, doing channel development, or alliances with new partners. Target audience may be limited or new due to price. Premium products may have high feature value, but may push you to a new level of customer, and prevent mass market appeal. Another approach is to expand your scope geographically.

Product 354