Distribution & Advertising: Keys to Succeeding as a Business
If you own a business, placing it in the right spot and getting the word out about it are arent just key ingredients for success — theyre activities that will define your success. Distribution and advertising are two sides of the same coin — and two skills that any business needs to focus on, to make sure its products are reaching the right people in the right way.
Distribution is, first and foremost, the act of making sure that your product is easy to find, obtain and exchange. Whether its in a physical store or online, its obviously important to make sure that your product is widely available and that people know they can find it when they need it.
But this isnt just a matter of making sure your product is always on the shelves — its a matter of making sure your product is visible in the right place. You need to fully understand your target market, know the size and nature of the area youre interested in,do competition analysis and research, and identify distribution channels that make the most sense for your product. In many cases, this means thinking outside of the box — after all, most consumers are used to certain products being in certain places, so try to put your product somewhere different if you want to stand out.
Advertising is just as important as distribution: its how you make sure potential customers are aware of your product and interested in it. Whether its online banner ads, TV commercial or good old-fashioned print ads, advertising helps you spread the word about your product and get people interested in what you have to offer.
With advertising, its important to think about return on investment. Its easy to pour a lot of money into advertising and then end up with nothing to show for it, so make sure you think carefully about exactly who youre targeting, and make sure you stay within your budget. Of course, its important not to skimp too much here: successful marketing requires good quality and quantity of advertising, so find the right balance for you.
When it comes to distribution and advertising, there simple rules can help guide you to successful results: firstly, make sure your product is available in the right places, and make sure that potential customers are aware of it. That way, your brand will easily stand out, and you can look forward to increased traffic and sales.