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Market Your Business Differently - Think Outside of The Box
- By Emily Yung
- Published 09/21/2008
- Business Management
- Unrated
Emily Yung
Emily Yung is the marketing consulting in Astreem Corporation. Astreem Corporation is a business and franchise consulting company that specializes in helping business owners to grow their business through franchise development and business matching locally and internationally. Astreem offers management consultancy, business development and marketing services.
View all articles by Emily YungMarket Your Business Differently - Think Outside of The Box
Even marketing veterans have clichéd moments when
the feel they have ‘been there done that’ on just about every marketing idea in
their industry. When marketing professionals spend all day focusing on what
they do, what their competitors do and what their customers want them to do, it
is very easy to become micro manage marketing ideas and insular from the market
place as a whole. Sometimes, a simple gear shift can land you a gold mine of
ideas.
Looking at the business from outside in instead of
from inside out can make the world of difference. I once met a very hardworking
gentleman who produced a very respectable dive magazine. Issue after issue, he
and his passionate team slaved to produce excellent articles. Issue after issue,
it was always difficult to find long term advertising partners. It was a
struggle to make ends meet. One day he told me it was so hard to get
advertisers because whilst the readers have high spending power, Dive shops
typically had very little margin to invest in advertising and as such, the
magazine, despite its quality, had difficulties making ends meet. In the
process of uncovering his business pain points to me, it suddenly seemed
apparent to him that he had been targeting the wrong advertising clients.
Perhaps it was in the larger brands that supplied underwater cameras, financial
companies offering quality protection and other complementary services that
would have the financial muscle to place long term advertisements in his
magazine.
Armed with a few backdated issues of his magazine,
he immediately went off and met with the marketing executives and eventually,
his struggle paid off. The companies not only advertised, they eventually used
the magazine as an avenue for reaching very target clients with customised
products and events.
“Marketing always involves the end objective in
mind,” says Hsien Naidu, founder and director of the business consulting firm,
Astreem Corporation. “When our marketing consultants constantly set the end
objectives in mind, they see what is outside of the box that eventually leads
to their marketing achievements.”












