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In this CAS Podcast episode, you will learn how to advertise and market to your niche.
Episode 17 https://customapparelstartups.com/episode-17-know-numbers-value-customer/
LTV spreadsheet is a lead magnet.
First, we'll divide between reaching them locally or online, then we'll discuss ways to reach them in each.
Off-line Marketing and Advertising + Local Customers:
Number 1 Goal of this is that everyone in your niche, in your area, knows who you are and what you do.
Online Advertising
Free:
Paid:
This is Part 1 of ”t-shirt business marketing plan” series and we talk about how to pick a niche that is going to be successful for your custom t-shirt business.
The action steps we share apply for people who are just getting started or are already in business and want to learn how to take advantage of other profitable niches and grow their business.
What is niching down?
Bow Hunting:
Outdoor Life:
Noodling:
How do you know it’s a good niche:
-Passionate community
Where do you find that information:
Exercise: Big to Small Choosing your Niche – follow the logic down from Outdoor themes to Competition fly fishing or something
What to do once you choose:
Determine the vibe of the Group?
Create Stock Designs to test
Top 10 CAS Podcast episodes:
We've got over what the most popular of our previous 99 episodes have been - but here are the ones that we think are the most IMPORTANT. The ones that are most valuable and we wish all of you would listen too.
Mark S.'s most important episodes:
Episode 67 – How to Add $$ to Every Sale
Episode 68 - Re-Upselling | Making the Most of Current Customers
Episode 69 – The Science of Upselling | The Best Ways to Talk to Your Customers
Episode 29 – Make More Money Next Month – Creating Active Word of Mouth
Episode 30 – Make More Money Next Month – Small Business Phone Skills
Episode 31 – Make More Money Next Month – Using Email for Profit
Episode 86 – What Success Looks Like in DTG Printing and More!
Episode 73 – Copyrights and Trademarks in the Custom T-Shirt Business
Episode 96 – Beat The Competition: Evaluating The Competitor
Episode 97 – Beat The Competition: Rebranding, Restructuring or Reinvesting
Episode 98 – Beat The Competition: Turn Competitors To Partners
Episode 82 – Lessons Your Kids Can Teach You About Owning a Business
Episode 78 – 4 Steps to Hiring Your First Salesperson
Episode 72 – Profit FIRST! Interview With Mike Michalowicz
In this CAS Podcast episode, we share 9 important things on how to be an amazing business person. If you follow them it can massively improve your business like never before!
First in – Last out
Relationship building expert
Crisis Management Adept
Financial Acumen
Flexibly Minded
Thirst for new connections
Hunger to learn
Handles Competition
Internally Motivated
After listening to the past two episodes you might find you have a few competitors that are clearly going to be long term struggles for you.
They might have a great formula down for business practice, production, sales, pricing, etc. These competitors might be right in your vertical market or maybe is a market close to yours.
You may sell spirit wear, and they focus on sports uniforms.
Either way, they are here to stay and you might have to go head to head with them on some sales.
What else can you do?
Turn your competitor into a partner
So first why should you? Aren't they the enemy!?
People outlast business
It puts customers #1
Competition becomes a friendly challenge vs a war
What are the things you can do together?
Outsource
Partner up at events
Create an economy of scale
Enter a new market together
How do you get started?
Attend events
Refer them business in an obvious way
Share struggles with them
We surveyed 100 business owners and 80% are currently doing this. There will be times you get burned and times you make out like a bandit. Keep your guard up while also opening up a friendly relationship. The more you do it, the better you will get.
After listening to Episode 96 you should have a great insight on your competition. Chances are there are many custom apparel shops in your area, but only a few seem to be direct competition.
Holding tight to your business structure and running a great business should put you on the path to leading the pack. These include:
The above are essential to leading the pack of your competition. If you are lacking in any of the above, spend the time and effort to take things to the next level. (you can try listening to more podcasts first, as we cover all of these topics)
However, sometimes it's not that simple. What happens when the competition is so much better at all of the above?
For example, imagine you own a small donut shop. You make some delicious glazed donuts and people line up every morning to get their coffee and breakfast.
One day a new donut shop opens up. They:
How do you compete with this? You notice your line is shorter and profits are down. You cant lower pricing, you can't serve customers as fast.
This story can be true of any business, how do you handle if your market seems saturated or the competition in your niche is beating you across the board
What's next?
You have some choices to make that involve:
Rebranding, Restructuring or Reinvesting
Rebranding - This involves changing the look and feel of your company. It can involve a complete name and style change, or just an overall look to help appeal to your demographic.
Reasons to Rebrand:
Restructuring - This is when you change the way your business operates. It can involve any facet of the business.
Reasons to Restructure:
Reinvesting - Putting more money into your business to revamp it. Taking from profits and putting back into the business for the sake of growth / maintaining business.
Reasons to reinvest:
Obviously, we are a bit biased because we are in the machine business, but we hear about companies reinvesting consistently. The results are amazing. We have embroidery companies who see the value in offering UV prints. We have companies running a 20 year old embroidery business than realize no one local is offering bling.
Reinvesting is one of the ways long standing companies stay on top. Bringing in new technology and new structured for the business to outpace the competition.
Be sure to build a plan and make changes like the mentioned above after you've determined one or all of these are necessary to win.
Another store has opened up or YOU are the new store. Business is slow and you really feel its because of that competition. Their prices are too low, or they seem to draw in all the big accounts. Whatever it is, you suspect it's them and they are holding you back from success.
Here is the catch.. how do you really know? What evidence do you have?
In this episode, we are going to take a dive into your competition to figure out a few things.
Step 1 - Identification
Step 2 - Look at their marketing/branding.
Step 3 - Shop them
Step 4 - Compare and Contrast
What you will do with this data is :
In the next episode, we are going to discuss if you need to work on any rebranding, restructuring or reinvesting. Now that you know about your competition you know a few things.
Wordpress makes up a huge portion of websites... way more than you would expect. About 25% of all websites are built on the WordPress CMS (content management system)
What is Wordpress?
Wordpress is an online website creation tool. It allows you to create and post web pages and blog posts without needing to know any code. AKA a Content Management System
Who should use Wordpress?
-You want to build a website with limitless possibilities that can be altered or changed to your personal preferences at any time.
-You aren't sure if you want an eCommerce store
-You are considering posting articles/blog posts
-You'd like to manage your own pages/blog posts without knowing code.
-You don't want to pay the huge fees and maintenance costs of custom coding an entire site.
What are the downsides?
Wordpress will require some maintenance. You are going to have to update the websites software regularly.
How to build your first website with Wordpress
Step 1 - Pick a place to search and purchase your domain
-There are plenty of places to register and purchase your domain name. It's actually a bit more like leasing it... you have to continue to renew it or you lose it.
-We will focus on two for the podcast for reasons explained later
BlueHost.com
-Once you are here begin to check if the domain you want is available. The #1 you should go for first is yourbusinessname.com
Yourbusinessname.net
-If you have a very common name, you may have to get creative. Just make sure its something that makes sense and your customers can find easily.
-Purchase the rights to the domain now... this should be about $15 a year. (buy more years, save more money)
Step 2 - Get your Hosting set up
-Hosting is essentially where the data for your store will live.
-Godaddy and Bluehost both have 'Wordpress Hosting" - this means its all set up for a WordPress page. You don't have to hire a web developer to set it up for you.
-Choose your plan - monthly or annual fee (usually about $80-150/yr)
-Essentially the lowest cost option is probably enough to get you started.
-Look at the list and see if upgrades make sense to you.
-If you aren't sure call the company and tell them about your site, they will advise the right plan.
-Here's where you also get your business email address - you can get Google suite or Office online with a domain email for $5-$15/month.
Step 3 - Initial Site Set up
-This step will be easy if you used Godaddy or BlueHost. In a few clicks they complete all the steps for you.
Step 4 - Picking a Theme / Template
-The theme is the overall look and design of your site that has been pre-build by a developer. These are going to be from Free up to $100.
-Going with a prebuild theme is one of the benefits of WordPress. A lot of the work to set the site up is done, you just fill in the blanks.
-Under THEMES in your Wordpress Dashboard you will see an option to add new themes. You can search from tens of thousands of themes.
-Free themes are tempting, but they are free for a reason. Paid themes usually come with tech support and have more options.
-You can also check out Themeforest.net - this is a marketplace for themes. They are known for having great themes for a reasonable price. $50 will usually buy you a very good quality theme.
Step 5 - Install and Set up your theme
-Installing is easy, its right under that ad theme area of the WordPress dashboard. There are 100 youtube videos on how to do this.
-Once installed follow their instructions/documentation to the T! Start at step one and finish at the end. The theme has this set up for a reason.
Step 6 - Begin customizing
-Now that your site and theme are set up, you can begin to add your own text, images, menus and posts.
TIPS:
-Small image within text / Logo 150-300 pixels wide
-Large featured image - 500 - 1000 pixels wide
-Background image - 1500 - 3000 pixels wide
-If the page/post doesn't look like it should in the theme, contact support for the theme. Include screenshots and they can tell you if you missed a step.
-Work on one thing at a time - don't try to build the entire site in a night.
Should you hire help?
-If you are struggling with some of the above steps, you might want to hire some help to get the job done. You can find WordPress experts for a fairly low price on places like upwork.com or fivrr.com.
-Hire someone to help you with customizing, designing and getting things right. Since you are working with a WordPress theme, you likely aren't going to have to pay a ton.
-When hiring someone go to USERS in your WordPress dashboard. There you can give them a login, that you can later revoke if you no longer need their help.
-If you aren't a good artist yet, get some help with the images are your site.
-You don't always need custom images, check out places like Shutterstock, or istockphoto and you may be able to purchase some nice images for a professional looking site.
The next step is to continue watching videos online and reading about WordPress. You can get pretty proficient at updating and designing your site with practice.
Eventually you will figure out what parts you like, and which parts you want to always hire out.
You can create amazing marketing content. Creating an effective marketing plan is the goal of all entrepreneurs, but the execution is often lacking.
In this episode of the CAS podcast, we are helping you get set up to create a successful marketing campaign. As a custom apparel business owner, your success in marketing not only depends on having good ideas, but also executing those ideas to make sure you have measurable success.
Stage 1: Make a Plan
Define your Brand - what is your business personality? One exercise would be selecting 3 words that describe how you want to be seen to your customers.
Examples:
Do you have a plan/strategy for what this marketing will do? Specifically.
Where do you want to deliver your message?
What will the message be?
Does this align with your brand?
Be sure your marketing aligns with your business personality. Is your message and delivery method lined up?
What is your Goal?
Set a number of sales, revenue earned, number of new customers. Essentially answer the question.. "If i can earn $X then I would do this marketing again"
Stage 2: Set Up
Creative
Do you need art? Images? pictures? Video? How will they get done? What are the specs?
CTA
What do you want your prospect to do? Visit website, call you, attend an event.
Offer
What is the specific offer? Why are they going to follow through with your CTA? Coupon, deal, special, freebie
Shareable
Get the best bang for your buck. Make it shareable... website, social, email sign up, Facebook page like, etc.
Stage 3: Create
Sketch it out
Briefly sketch it out on paper/computer. What will it look like? is it just text? Have an idea of what your marketing content will look like. a concept.
Well Designed
Your art should meet requirements of ad needs. Always overshoot on quality, you don't want poor quality in your design, art, pics, etc. Don't DIY if not in your skillset
Matching pieces
Be sure your images, colors, fonts and word styling all match. If your images look casual, be sure your wording/brand is. If it feels corporate, don't wear flip flops in the video
Free of Typos and poor grammar
Stage 4: Execute / Test
Usually this is a stage where you take your first shot (or shots) and see how it works out. You aren't always looking for a massive win, but signs that this is the right direction.
If you plan to advertise in every local park for sports apparel, start with one and see how it works.
If you plan to advertise on Facebook, start with a couple of ads with different offers or images and a small budget. Once you see its working, bump up the budget.
Step 5: Revamp or Scale Up
Two things may have happened here:
Marketing landed somewhere between terrible failure and below your goal. If this is the case, revamp your ideas. Try something different. Try a different offer or goal.
SUCCESS - if this happened don't mess with it! Spend more, scale it up, and keep an eye on it until it reaches max potential.
Small business owners ask a ton of questions, a lot of great ones too. Yet, there are a handful of really important questions that rarely get asked about marketing. We have put together the most important marketing questions you should be asking to help drive your business towards your dreams.
Here are the questions you should be asking:
Types of marketing we discuss:
Having a plan for marketing and knowing what you are talking about sets your business up for success.
Be sure to listen to the rest of the episodes to learn all you can about marketing and setting your business up for success.
From the publisher's feed