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As a small business owner, the path to success requires connecting your product or service to the right customers. Whilst it is necessary to promote any new product or service, reaching individuals who will love and identify with your brand can build a solid customer base from the start. Marketing, alongside product development, supply chain, finances, and hiring, can be part of a holistic business strategy that gets people excited and familiar with your brand.

Marketing your small business can be simple to be effective. You will need a strategy and plan intuitive to your product offering. Chances are, you already have some ideas.

Marketing your small business

When marketing your small business, consider the 4 P鈥檚 (product, price, place, and promotion). How will potential customers find your brand? When they do, how will they experience it? Implementing the right marketing strategies for your small business can help you thrive in the future.

Answer the following questions:

• Product:聽What do you sell?

• Price:聽What do you charge?

• Place:聽Where do you sell it?

• Promotion:聽What, if any, messaging have you done to convey its value?

This guide will illustrate each step using the example of Terracotta, a fictional small ceramics business based in Jaipur.

1. Identify your brand needs.

Consider your small business from a stranger鈥檚 perspective. Conduct initial research to determine your core audience, value proposition, and competition. Identify your brand needs by asking the following questions:

• Does your small business offer a product or service?

• Does your business serve consumers (B2C) or businesses (B2B)?

• Do you have a marketing budget?

• How long have you been in business?聽

• Does your current marketing strategy target the right audience?

• What is your brand identity? What colours and designs will you use in your logo?

Terracotta鈥檚 brand needs

As the owner of Terracotta, you offer both a product and a service because you sell handmade bowls and host pottery classes on the weekends. You have recently launched, so your customers have been friends and people who found your shop when passing by. You鈥檝e created a brand logo and website and acquired social media handles but have done no promotion.

2. Define your target market.

Next, identify your target market 鈥� the groups of potential customers with whom your products or services will resonate. Consider segmenting the groups by demographics like age, gender, marital status, education, and income, and psychographics like lifestyle, hobbies, and interests.

You might want to conduct market research through surveys and focus groups to help create buyer personas鈥攆ictional representations of your consumer that elaborate on specific lifestyles and buying habits鈥攖o anticipate your target market鈥檚 needs and desires.

Terracotta鈥檚 brand segmentation

Terracotta鈥檚 target market: Females between 25 and 55 years old who enjoy bonding over an activity, like making pottery or shopping. Salary ranging from 鈧�5 to 30L. Lives in Jaipur. Attended university.

Buyer persona 1: Diya is 27 years old and loves plants. She also enjoys decorating her room with locally made items. She has bought several Terracotta bowls and is considering taking up pottery as a hobby.

Buyer persona 2: Prisha is a 43-year-old mother of three. She lives in Vaishali Nagar with her family. She enjoys having special dishes to serve food for special occasions or visitors. She enjoys picking up a few specialty items for herself or her friends when shopping.

3. Position your product or service.

After defining who you鈥檙e selling to, you can begin to differentiate your product or service from your competitors. As a small business, you may have competitors that range from big companies to start-ups.

Make a list of your five main competitors. What are your strengths and weaknesses compared to these other businesses? What makes yours unique? Identify what makes your business special, whether it is customer service, quality products, location, or price point, and use this to position your brand.

Terracotta鈥檚 brand positioning聽

With Terracotta, your main competitors are a franchise pottery class and a number of local artisans who sell handmade ceramic bowls and offer lessons. The differentiating factor is that your bowls and vases have a natural brown-orange colour and are sold unglazed. The brand鈥檚 ethos relies on these earthy imperfections, so the price point is slightly lower than other craft brands.

4. Devise a strategy.

Now, it鈥檚 time to craft a marketing strategy. You can choose from many marketing types: traditional, digital (including social media), content, and guerrilla. Let鈥檚 take a closer look at what strategies might work for brick-and-mortar, online, or hybrid small businesses:聽

Brick and mortar: Strategies should be location-based for businesses that sell products and services in a physical shop. You might choose from a combination of the following:聽

• Paper flyers at local businesses

• Social media platforms (including Facebook, Instagram, and Google Maps) for promotions, updates, and ads (targeted by location to reach customers passing by)

• Signage and displays

• In-store and local events

• Content marketing (local neighbourhood guides and partnership opportunities)

Online: Online businesses can take advantage of the many types of digital marketing available today to drive traffic and convert them into sales.

• Marketplaces such as Amazon, Etsy, and eBay, in addition to your website

• Social media and sponsored ads (targeted by interest)

• Content marketing (blogs and videos to drive SEO traffic)

Hybrid: Small businesses can select from both strategies, using a tailored combination that works for their offering and audience.

Terracotta鈥檚 strategy

As a brick-and-mortar business, you create a strategy for Terracotta that involves a combination of in-person and online marketing:

鈥� Official launch event, followed by monthly bring-a-friend pottery nights

鈥� Weekly Instagram posts and daily stories featuring new products

鈥� Paid Instagram advertising (sponsored ads)

鈥� Booth at local craft shows, markets, and festivals

鈥� Etsy shop

鈥� Media features from select publications

Read more: Marketing Strategy: What It Is and How to Create One

5. Carry out your plan.

After creating your strategy, map out a marketing plan and timeline. Consider hiring an assistant or outsourcing work to a marketing consultant to execute campaigns. The plan should include deadlines for measuring return on investment (ROI) so that you can assess whether your strategy is successful.

Terracotta鈥檚 marketing plan

You created a Google marketing calendar for Terracotta with different colours for each plan part.

You hired a full-time assistant to help with event planning, digital marketing and help out in the store.

You are in charge of measuring impact and tracking sales. After three months, you compare the percentage of monthly sales to refine the strategy and plan.

When marketing your small business, a strategy and plan can help you stay organised and on budget. Show off what makes your brand unique because this is how you can connect with prospective customers and sustain over time. Building and nurturing a strong customer base can be essential for a small business to succeed.

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