are you getting the message out there?

are you getting the message out there?

Last night I gave a presentation to a group of 17 people that are in the process of getting their business ideas off the ground. My talk was about using online media to grow your business.

One of the students asked, “how much time should we spend on marketing?” I think I shattered some dreams when I said about half of your time.

Unless you are a seasoned entrepreneur, most people get into business because

  1. they don’t want to work for someone else
  2. they have a product or service that they love and are passionate about it
  3. they want to make lots of money and
  4. they want time freedom and flexibility

The reality is, to start and build a business is more about getting your message to the right target market than it is producing a great product or delivering a great service. If you are starting a business where you are doing most of the work you have to be the CEO, the financial controller, the salesperson, the marketer, the customer service person as well as delivering the product or service.

If you don’t have the resources to employer or contract a dedicated marketing person then you are going to have to do it yourself and it will take up half of your time.

If you are offering a service then you have to consider

  • employing someone else to provide all of part of that service
  • charge a high enough hourly rate, that you can earn a full income from providing that service half the time
  • add a product to your service to increase your income for your given output

If you are offering a product then you have to consider

  • creating a production team to make the products for you
  • outsourcing the production to another company, but make sure you still have lots of margin to make a product

If you really hate marketing or really don’t want to do it, then consider finding a business partner that is strong in marketing and loves doing it so you can spend the time doing what you love.

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3 Responses to How much time do you spend on marketing?

  1. Andy Hayes | Travel Online Partners says:

    I would have said half as well. Basically, any time I’m not either delivering the services or working on more products, I am marketing.

    Sometimes, yes, it sucks. But better that than homeless I suppose!

  2. Work At Home Business In Australia says:

    Great information thanks for sharing this marketing Information with us. In fact in all posts of this blog. Their are a lot of things to learn. Your work is very good and I appreciate your work and hopping for some more informative posts.

  3. Baby Carseats says:

    Getting online is real tough, learning how to update our website and the putting in the right keywords, I am almost at the point where i feel i should have hired someone when first starting out rather than trying to do everything ourselves. I wish i had see your article before as i would made made the decision to outsource much quicker

    Thanks for the great information

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