6 Marketing
Advertising and Promotion= Marketing
Peter Drucker (Management Scholar and Writer)
“The only valid definition of business purpose is to create a customer.”
Ask Yourself “What business am I in?”
- Service
- Production
- Entertainment
- Dining
Whatever it is, you need to be making a profit. Always consider the 4 P’s of marketing: product, price, place, and promotion. You will need to brand your business to communicate your brand through a unified message.
What Marketing Is Not….
- A magic bullet
- Difficult
- Always expensive
- Only be done when the business is good or bad
Methods
- What is #1 ?
- Word of Mouth
- Advertising and Promotion
- Know who you are before you start your marketing plan!
- Define Your Niche
Choose what kind of catering you want to be known for:
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Corporate events
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Weddings
- Funerals
- Private parties
- Food Truck
- Onsite vs. Offsite
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Specialty (vegan, gourmet, BBQ, etc.)
Public Relations (P.R.)
Know your budget
Approximately 2.1% of Sales (WI Average)
- Purchase brochures, business cards, and stationery with your logo
The Marketing Plan
- Set objectives for identifying target customers and their needs
- What do your customers want and/or need?
- Creates ways to meet sales objectives/needs
- Develop an interest in your services in a variety of ways
- Measure the success of your advertising
- Changes are necessary over time
- Innovation is necessary to stay on top.
- What promotions will you run?
- What are you trying to achieve?
- Increase customer awareness
- Entice first-time buyers
- Create brand loyalty
- Create repeat customers by having successful events.
- Increase sales
- Target a particular day or month; when are sales needed most?
- Use a variety of ideas:
- Target Market
- Market Research
- Clearly identify your audience
- Develop an appropriate Logo
- Collect other caterers’ brochures
Build a Strong Brand
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Name, logo, colors, and tagline should reflect your vibe (e.g., elegant, fun, picnic, health-conscious).
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Have professional photos of your food, staff, and events.
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Keep your messaging consistent on all platforms.
How will you reach your market:
- Newspaper
- Relationship with schools and Chamber of Commerce
- Outdoor Banners/Billboards
- Yellow Pages or Mailing Targeted Flyers
- Radio and TV
- Cards at events
- Computer (Social Media, website, etc)
- Mailings or Tie Ins with other businesses (rental center, florist, bakery, dress shops, musicians)
- Specialty Papers (Wedding Guide or Church Bulletin)
- Word of Mouth-#1
- Social Media
You don’t need to be present on every platform; but do a good job on the platforms you choose.
Create marketing policies:
- Be clear on who is responsible for managing the platform?
- How often?
- What is our voice?
- How will we react to certain scenarios? (questions/concerns/criticisms)
- Create attractive and current brochures
- Save customers time
- Image is important
- Evaluated your printed materials
- Good Copy Sells
- Highlight what you CAN provide
- Encourage a meeting to discuss options
- Put brochures where your customers are
- Keep Current