Retailers Forum Sept. 2014 Sept 2014 | Page 92

FORUM WORKSHOP Forum Workshop 9 9 • S E P T E M B E R 2 0 1 4 BUSINESS SPENDING Not only do small business owners tend to charge too little, they often think they have to spend too much to stay in business. Sometimes finding out what “too much” is, is a matter of trial and error. But you have to pay attention. Spending too much is often necessary as long as it doesnʼt happen for too long a period of time. Advertising is going to cost a lot in the beginning, simply because you need the exposure, unless you want to wait five years for word-of-mouth to build your business. The mistake entrepreneurs often make is they buy too much advertising, all at once, run out of money, then discontinue advertising completely – because “they canʼt afford it.” You Can’t Afford Not To Advertise � You probably canʼt afford not to. But you need to find out what you can afford to do that will be effective. So contact every publication in your area and find out whom they target. If you intend to attract customers from an entire metropolitan area, the newspaper will reach that market. If you want to sell to college students, the school paper or local arts and entertainment tabloids are right. How about the entire state? Perhaps your has a regional magazine? The nation? Define your market more specifically: businesses, households, sports enthusiasts, and do some research. Take your Business to the Next Level continued.. You’re losing business if you’re not accepting credit cards Rates as low as* 1.33% + transaction fees • Compare lowest rates with 7 major banks! • Shop Real Processors • Side-step All Hidden Fees F O R U M www.EXPmerchant.com COMPARE ONLINE FREE! ONE FORM COMPARES TOP PROCESSORS... FREE! Merchant Equipment Store™ is a registered ISO/MSP of Deutsche Bank AG, New York