(And How Small Businesses Can Mimic Their Success)
1. M&M’s “They Do Exist!”
Takeaway: Use relevant and appropriate Christmas icons. There are a multitude out there – Santa, reindeer, Christmas trees, wreaths, gingerbread men . . . and the list continues (oh hey, Santa’s list is another). Find one(s) that work with your business in order to associate your brand with the joy people get from Christmas time.
Cidewalk can certainly help with that. In fact, many taxi, limo, and transportation companies across the US are already growing their business with Cidewalk. Here are a few ideas you can use for your next campaign:
Making sure you stand out from new competition
They made a documentary of this game and called it . . . . . . Space Jam. Bill Murray entering the game at the last moment saved Tune Squad. Had he not been there, the Monstars would have faced less competition and probably won. In a similar manner, the less competition you face in your business marketplace, the better you’ll do. There are many ways for new competition to enter the market; it could be a new company, a company diversifying their product, a company moving into your town, etc. You have to make sure that you can withstand this threat in both your product offering and your marketing. Here are a few ways to do so:
Tips for segmenting the market by price
Another great example of price influencing our purchasing decisions is the "supersize" option. One of the best real life scenarios is movie theater popcorn. How many times have you gone to see [an absolutely terrible] movie and ended up buying the largest popcorn because it was 50 cents more? Whether we like to admit it or not, price and quality are large drivers of our purchasing decisions. Knowing this, we can create 4 classifications of price market segments - and advertise to each of them differently:
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