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James B. Harter President © 2008 Sigma Pi Consulting LLC 1248 Rolling Meadow Rd. Pittsburgh, PA 15241 p) 412-576-2685 f) 954-206-1184 www.sigmapiconsulting.com
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How to market when you don’t have a lot of money. Marketing for Entrepreneurial Companies © 2008 Sigma Pi Consulting LLC
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Introduction Who I am Entrepreneur as Pioneer Strategic vs. Tactical Entrepreneurship © 2008 Sigma Pi Consulting, LLC
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Bootstrapping Marketing Need to get it done No resources to do it SO HOW DO YOU DO IT? © 2008 Sigma Pi Consulting, LLC
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Develop Your Message Elevator Pitch – Value Proposition Write you marketing literature © 2008 Sigma Pi Consulting, LLC
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Elevator Pitch What is your Value Proposition? Who are you? What do you do? Who do you do it for? Who is you competition? Why are you better? SO WHAT? © 2008 Sigma Pi Consulting, LLC
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Write you marketing literature Value oriented Interesting Attractive Congruent BTW – Your business card is the least expensive and most durable marketing document you will ever create. © 2008 Sigma Pi Consulting, LLC
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Get Your 1st Customer Four Steps 1. Pick a Target 2. Close the deal 3. Make them happy 4. Leverage the heck out of them © 2008 Sigma Pi Consulting, LLC
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Step 1 –Pick a Target Heart of your value proposition High profile in their market Early Adopter © 2008 Sigma Pi Consulting, LLC
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Step 2 – Close the deal Whatever it takes! – Discounts – Custom Features – Extra training – Rebates – Equity © 2008 Sigma Pi Consulting, LLC
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Step 3 – Make them happy Whatever it takes! – Make it work – Extra Training – Nights & Weekends – On-site support – Unbilled work © 2008 Sigma Pi Consulting, LLC
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Step 4 – Leverage the heck out of them Ask customer for references Create case studies Leverage outside of geography Go to customer’s competition Identify parallels opportunities © 2008 Sigma Pi Consulting, LLC
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Partnering Present “Total” Solution – Complimentary Product / Service – Become a “leach” Halo Effect – Joint Logo – Cross links for web sites – Press releases © 2008 Sigma Pi Consulting, LLC
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Networking You are your Evangelist! MIT Enterprise Forum TiE Pittsburgh Entrepreneurial Thursday Happy Hour Pittsburgh Technology Council Others: trade / social / religious / charitable / political © 2008 Sigma Pi Consulting, LLC
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Pro-bono Seminars Non-profits Trade organizations © 2008 Sigma Pi Consulting, LLC
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What NOT to do! Avoid expensive giveaways. Don’t get “cute”. Avoid going head-to-head with your competition. Don’t stray too far from your niche. Don’t look chintzy. Don’t STOP working until you get it right.
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What Company is this? © 2008 Sigma Pi Consulting LLC
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Resources Guerrilla Marketing : Secrets for Making Big Profits from Your Small Business by Jay Conrad Levinson Selling the Invisible : A Field Guide to Modern Marketing by Harry Beckwith © 2008 Sigma Pi Consulting, LLC
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Top 10 Self Inflicted Wounds 1. Charlotte’s Web Syndrome 2. Presumption of Profit 3. Poor Record Keeping 4. No Post Mortems 5. Wrong Person – Wrong Job 6. Lack of Accountability 7. Inconsistent Processes 8. Lack of Urgency 9. Lack of Strategic Planning 10. Technology is NOT a Solution
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James B. Harter President p) 412-576-2685 f) 954-206-1184 www.sigmapiconsulting.com Questions? © 2008 Sigma Pi Consulting, LLC
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