5Posted by David Beckham, MarketProMBA on March 16, 2010 at 10:23 pm
Today, my wife Sheri came home and was upset about a customer that called her from out of state. She said the lady wanted a baby gift basket that was on our website. The problem was she wanted the exact same gift basket for ten dollars less than the price on the site.
Since we are a custom gift company, we always work with customers at THE original basket boutique to make the perfect gift that fits in their budget. The problem was this lady didn’t want something different; she wanted what she saw online. Sheri tried to explain the details of the gift basket and sell value, but this lad didn’t want to hear any of that. The lady then proceeded to ask the price on every single item in the basket, so Sheri who is the best at customer service that I have ever known, obliged her by giving retail prices of some of the items so she could customize a gift basket.
In a gift basket business there are other costs built in to every single basket we sell. Like any small business owner, you have overhead. We have a building, utilities, advertising, and various other expenses related to running a business and not to mention we are trying to eek out a living as well! This lady couldn’t comprehend why we wouldn’t meet her price demands or why she couldn’t by three items at retail and still get Sheri to build them in a basket. She did not understand there were other costs involved to build a basket.
We wouldn’t ask a plumber to not charge for his time or a mechanic to charge for parts and not the labor, would we? Why is a design fee for gift baskets any different? Now, 3 years ago, when my wife was just starting out as a small business owner, she might have caved and gave in to the customer. Sheri was used to making decisions like this in multi-million dollar stores where it wasn’t really her money. During our first year, we probably under charged half our clients, but we still survived in spite of our generosity. The point is, as business owners, we have to draw the line at some requests. You can’t make everyone happy all the time!
Needless to say, we have one person out of hundreds of clients that was not satisfied. It’s not the end of the world. As small business owners, we have to consider many factors when it comes to customer satisfaction. We don’t want to anger people or turn away business, but at the same time, we can’t afford to give away everything. We have to look at every situation and ask ourselves; “Is this worth resolving with a discount or free item?” Now, I am not saying that we solve all customer complaints this way. If a customer is upset about a purchase or product, then it is our obligation as business owners to resolve the situation. Sometimes that means giving something up.
The recent tough economy has changed small businesses because it has forced many of us to do what ever we can to make the sales, even if it means discounts or giving something away. At the same time, this has trained consumers to never be satisfied with the listed price. As we are coming out of this recession and starting on recovery, small business owners need to set some reasonable boundaries. We can’t discount our way to success. Small businesses that offer quality work, high caliber products and fair prices will surely succeed during this recovery.
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David Beckham, MBA, is a Marketing, Online Marketing, and Small Business Development Consultant. For more information and services offered, please contact me or visit my web site at http://www.marketpromba.com.
0Posted by David Beckham, MarketProMBA on February 28, 2010 at 3:05 pm
Are you a small business owner who is still trying to decide if your business should be on the internet? I came across a video on YouTube yesterday by Jesse Thomas that really makes you stand up and take notice about the internet. We have come a long way since the day that I started messing with the internet back in 1991. Watch this video and form your own opinion.
For as many bad things that come from being on the internet like spam or viruses, there are also some very good things. Many businesses have found great success by marketing online. If you are still thinking about getting your business online, stop thinking and just do it. Don’t do it half way though. If you are not sure how to start, hire a professional. You will save a great deal of frustration by hiring a professional to set up your web presence. Once your site, blog, or social network is up and running, you can let the professionals manage it or get trained to manage it yourself, after all it’s not rocket science.
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David Beckham, MBA Marketing, small business developer, writer, consultant, and advertising specialist.
1Posted by David Beckham, MarketProMBA on January 4, 2010 at 11:42 pm
I guess we have all heard the old saying, “Don’t dwell on the past”, but I think in order to move forward, we sometimes have to look at where we have been. It goes without saying that 2009 presented many challenges both on an individual level and from a business owner’s prospective. The economy seems to be the topic of choice when talking with most people. Whether you own a business or work for one, the economy has had some affect on your year.
As a business owner, we were not untouched by the economic woes of 2009. Sales were soft, vendors were often short of products, and we found ourselves constantly adjusting and readjusting our marketing and business plans. Still, the year proved to be better than 2008. We sold 5 new franchises in the U.S. and many more in Canada. So even with the touch economic times, we still saw growth. We also picked up many new customers and managed to secure more market share in our region.
Working for AT&T Advertising Solutions in 2009 was also filled with challenges. Since many businesses were having a tough year, it goes without saying that we saw a decline in advertising revenues. This decline forced the company to make some very tough choices, which resulted in the loss of hundreds of jobs. Many of these people were personal friends, so it was not an easy to watch this happen.
Last year I made a commitment to become more involved with our Gulf Breeze Chamber of Commerce. I took over as chair of the Small Business Development Committee and was picked for the 2010 – 2013 Board of Directors. I was also nominated for 2009 Emerging Leader of the Year and our business, THE original basket boutique was nominated for 2009 Small Business of the Year. So despite the challenges, I will still look back to 2009 as a good year.
Now that 2009 is behind us, we need to look forward to 2010. I truly believe this year will build on the successes of the past and I expect 2010 to be another year of recovery and growth both personally and professionally. In order to make 2010 a great year, we have to add some structure around our plans. To be honest, it is January 5th and I really hadn’t thought about any plans for 2010 until I read a January 1st post on Chris Brogan’s blog. (A big thanks to my friend Betsy Wuebker of www.passingthru.com for introducing me to Chris Brogan!) I really like Chris’s approach to goal setting. He selects three words to guide his goal setting and keep him on track to his objectives. I think this is a very good way to plan your year and it is easy enough to keep you focused.
As I started to ponder on my three words, I realized that this wasn’t as easy as you might think. I was having trouble with one word, let alone three! Chris describes his three words as something that would take more than one sentence to describe. His word sits upon his actual goals and acts as his guiding principles. These words need to have meaning and life to them and not just be a description. In the past, like many people, I have set resolutions for each new year but like many years previous, they didn’t have any solid goals or structure to back them up. By the 2nd quarter of the year, many of my resolutions were already just a memory because life has a tendency to throw new challenges in your path which takes the focus away from your “new year resolutions”.
After some careful deliberation and a little soul searching late into the night, I came up with a list of words that had some meaning to me, but I still needed to narrow them down to three. Growth. Flexibility. Vision. Bend. Flexible. Change. Stretch. Expand. Teach. Spread. Time. Fix. Course. Tack. Tool. Path. Plan. Gift. All of these words have some meaning to my goals for this year, but when I narrow it down, my three words are: Expand. Tool. Bend.
Expand: This year, my personal growth plan is to expand my horizons and education. I want to become better at online marketing & business strategy. I order to achieve this goal; my strategy will be to become better educated by reading more expert blogs and books. As a business goal, Expand means that I am going to increase our business footprint, regionally and nationally. This goal will be achieved by my increased knowledge of online marketing and business strategy.
Tool: You can’t build a house with out a hammer. In this decade, you can’t build a business with out a website, blog or social marketing. These relatively new marketing tools have become the norm in business. This year, my goal is to build more tools for our business. I plan to develop more sites, better email marketing and increase blog posting. I am also going to start pod casting, twittering and an online video blog. My strategy for “Tool” builds on the “Expand” goal to become better educated on alternative marketing.
Bend: You might have figured this one out. I need to learn to bend, be flexible and embrace change much better. The only constant in this day and age is change. Bend means that I need to be ready to change on a moments notice to capitalize on opportunities. My goal is to be flexible and open minded to new ideas. I will look at challenges as opportunities for growth and development. I will bend, but I won’t break in 2010.
Well, there you have it, My Three Words for 2010. I hope that my three words help you to come up with your own so you can effectively plan your 2010 to be one of the most successful years of your life. Good Luck & Happy New Year!
6Posted by David Beckham, MarketProMBA on December 10, 2009 at 2:35 pm
Around my house on any given night, the television is usually on and just providing background noise to drown out the chaos of a household with 3 dogs, 1 bird, 1 teenager, and my 9 year old. I really don’t watch much TV other than a few select shows, the news and late night television. Last night, while working on my new blog posts, I heard a strange sound that was not a bark, scream or crash that normally goes on in the background. Instead, I hear a Snap, Crackle and a Pop. No, it wasn’t someone pouring a bowl of cereal, it was my 42 inch Sony TV. Needless to say, I was a bit concerned. My TV went black and nothing I could do would bring it back.
So what did I do? The same thing any modern American would do. I went straight to the Internet. I researched my model of TV and sure enough within minutes I had determined that the likely culprit was a burned out projection bulb. I found instructions on how to remove it and verify that in fact it was dead. Then I researched the best replacement bulb and online retailer and placed my order. In about 2 days, I will have my new bulb and we will be back in business.
It’s easy, right? What on earth did we do before the internet!!? The whole episode really started me thinking about life before the internet and how this modern communication tool has been woven into our lives now. Before the internet, we would have called a TV repairman or taken our set into a repair shop, then waited until a diagnosis was made, then pay the labor and parts and what ever other costs they come up with. Now, it’s with a stroke of the key board, a little bit of research and online purchasing we do in minutes what used to be a lengthy process.
According to Nielsen Online, there are 227,719,000 internet users in the U.S. as of August 2009 which represents 74.1% of the population. Over 69 million of these internet users are also broadband customers. So what’s my point? It is simply that the internet is now used as much as television or likely more than many other forms of media. What does this mean to small business owners? It means everything! As a small business owner, you can not afford not to be on the internet and expect to stay in business.
The internet has opened doors and expanded territories of many small businesses. If you sell a product, you can easily market this over the internet and open up a larger market for sales. Most of this might be old news to many small business owners, but the truth is I still come across business owners who do not have a presence online. Some of them don’t even use email? How do they conduct business? Some of these businesses are actually the ones that have lost business to the internet. Let me explain: In my example, I stated before the internet I would have to call a T.V. repairman or a repair shop to have my T.V. fixed. The internet has most likely reduced the need for a T.V. repairman so what would you do if this was your business?
The simple answer is you get your business on the internet and retool. Use your expertise in the form of a blog to talk about common T.V. problems, then offer solutions on how to fix these issues and instead of making a house call, you sell them the parts they need. Now you have a new door to your business and you still have an opportunity to gain local business. On top of the local business, you also open yourself to market outside of your area. Instead of being beaten by the competition on the internet, you embrace it and use it to change your business and offerings.
Out of the 227 million internet users, how many people do you think were just like me last night trying to figure out how to get their beloved television working again? Imagine how I would have felt to find a local company that offered the parts I need or the know how to fix my problem even quicker than it took me? The internet shouldn’t be looked at as “what killed” the small business owners, but rather it should be looked at as “what saved” the small businesses of today.
In our business, THE original basket boutique, the internet could be considered the 800 pound gorilla in the room. It is both a blessing and a pain for us. We use the internet to expand our sales region and reach out to our customers on a regular basis. We conduct more business over email than we do over the phone. The downside is in our business, we have heavy competition from the internet. There are a lot of very big gift basket companies out there, so how do we compete? Like any small business owner should, we focus on our local business and we go after one client at a time. We use the internet as a tool to find new potential clients, educate our current clients and stay in touch. Our best sales tool is still personal sales and that one-to-one connection you get when you look someone in the eye and demonstrate your products and knowledge.
The bottom line is the internet has changed all of our lives. I can’t imagine what to do without it? Even when I try to “unplug” and get away from the internet, I still have my smart phones, internet appliances, iPods, and now even our cars can be connected. The internet is going to be part of our lives forever more and I believe will be woven even tighter in our lives as technology advances every day. So don’t fight it, embrace it. If you are a small business owner and you are not on the internet, get on the bus. Brainstorm ways to grow your business by using the internet. If you can’t think of any ways, then contact me. I will throw some ideas your way. Make it your 2010 resolution to “rethink” your business and look for new ways to grow your business.
0Posted by David Beckham, MarketProMBA on December 3, 2009 at 10:13 am
I read an article called “Secrets of Success in Daily Practice” on a friend of mine’s blog, www.tamiross.com that got me to thinking about my goals and dreams. I think everyone had dreams when they were kids. Some of us wanted to be a firefighters, others doctors or maybe a sports celebrity. During my teens, I really didn’t have a career in mind, but instead I focused on life goals. I set these goals young and they have been the driving focus in my life today, even though I might have lost a little focus on the overall dream for my life. My goals were simple:
Education – I wanted to have my undergrad before I was 26, my graduate degree before I was 40 and my PhD before I am 50.
Travel the world
Marry my dream girl
Have 2-3 children
Be successful enough to live comfortable.
Out of all of my goals, I have achieved all but one. I checked them off as I went through each one.
I finished my undergrad at 30, my MBA at 41 and I have planned on starting my PhD before I am 45. So I feel my education goals are on track or close to completion. Check.
I traveled the world thanks to the Army. I met that goal even though my military career delayed my education, it was still worth it. Check.
I married my dream girl Sheri and I have 2 wonderful children with her. Check. Check.
I have a very good career and business. Plus I can’t complain about our life style. Check.
So, I have achieved all but one of my goals, I’m done, right? No, it isn’t that easy nor should it be. What I have realized is that while I pursued by goals, I lost sight of my dreams. Your dreams may or may not come true, but they are your driving force to get you to the next hurdle. When I was in college, I had big dreams. You could go in my office at my house and see pictures of cars, homes, vacations, and a host of other “lofty” dreams or dream items hanging on my wall and bulletin board. I always kept those dreams in front of me because I knew that if I believed it, I would achieve it. Everything I did in my life was working toward achieving my dreams. I listened to motivational tapes, read books, attended seminars and met with people who I looked up to and aspired to be like. I did all this because I had dreams. You could walk in my house and see what I dreamed of.
Each step of my life from the time I as a teenager was outlined in the goals that I hoped helped me achieve my dreams. Now truthfully, my dreams changed many times as I grew older, but my goals never changed. I adjusted goals on occasion to make them more achievable but I never changed them drastically because I used them as my life’s map. Until yesterday though, I had truly forgotten about my “dreams”. Sure my goals are there and I have achieved all but one, but for some reason I lost sight of the dream. When I lost sight of the dream, I stopped setting goals. For all intents, I was done.
Today, I woke up with this thought on my mind. What are my dreams? What do I really want to do with my life? Where do I want to be in 5 years? All of sudden, I am starting to dream again! As I started to consider my dreams, I began thinking about my goals. I need new steps to guide me toward the dream. At 43, my dreams are a little different from when I was 23, but they all have the same premise and focus.
My plans have changed, but my life’s decisions or dreams really haven’t. My dreams now include my family and our lives together. What I want for them is part of my new and improved dream. Life today is too hard to just go through it on cruise control. Your dreams give you power and hope for a better life or at least a different life than what you have now. Your dreams should be achievable but should be just far enough out of reach to make you stretch and achieve the next goal.
What are you dreams? Write them down, cut out pictures, and then put them in your office or your special book. Look at them often. Ponder or “dream” about them. Now, set your goals. What do you need to do in order to achieve your dreams? Take a good look at your life. Have you lost sight of where you want to be and what you want out of your life? Give this some thought. Sleep on it tonight and tomorrow, write it down. I think it can change your life or at least give you greater purpose than you have today.
Whatever you do, don’t stop dreaming. Where would we be today if people didn’t dream or stretch themselves to go beyond their current situation and reality? Don’t stop dreaming. Reach for the stars and you won’t be disappointed if you only get the moon.
8Posted by David Beckham, MarketProMBA on November 20, 2009 at 7:26 pm
David Beckham, MarketProMBA Consultant
My first and most important tool for our business, THE original basket boutique, is the business card. The business card, while it sounds so common and conventional is actually a very powerful guerrilla marketing tool when it is employed properly. Your business card can be unconventional or conventional. It depends on your business. Ours is unique in that it is a smaller size with rounded corners and has a hole in the center of our “O” in the logo. You can make your card unique by adding full color pictures or logos. Have it printed on glossy, heavy paper as apposed to regular business card stock. Sure it costs a little more, but it’s not so much that it cost prohibitive.
You might also consider a folded card that has traditional information on the outside, but on the inside and back, it might have product information or details about your services. Perhaps you can even put a small map on the fold out so people can find your business. Think outside the box a little with your business cards. Perhaps a magnetic business card would work better for your business. People love magnets and you will find your card on someone’s filing cabinet or refrigerator more often than not.
You could make your business card a design such as your company truck or if you are a painter, have your card created in the shape of a paint can. The only thing I caution you with unconventional size cards are they might not fit in people’s rolodex or through some card scanners. Still, unique shapes are certainly an attention getter and will usually spark a conversation about what you do. I can’t tell you how many conversations I have been in with people about anything other than business and when I flip out one of my business cards, I always get the same reaction, they hold the card up to look through the hole and they say, “Wow, neat card.” Then, inevitably we break into a conversation about what THE original basket boutique does.
Now that you have the “perfect” business card, what are the best ways to use it? I like to think of my business cards as bait. I know that sounds funny, but let me explain. Your business card is your mini-billboard. It gives your business name, contact information and other information, but most importantly it builds your brand. You might think that you don’t have a brand but even if your business is just called “David Beckham, Consultant”; your brand is your name. So my card is my bait and I am a fisherman. Does a fisherman catch a fish every time he casts out his bait? Not likely. If you fish like I do, you drown a lot of worms before you catch something. Using your business card works the same way.
When I am out and about in town, I leave a trail of business cards everywhere I go. Remember, you have to cast a lot of bait to catch a good mess of fish. It’s the same with our business cards. I have left my cards in Lowe’s, Home Depot, Ace Hardware, Publics and even Wal-Mart. These places seem like an unlikely place for anyone looking to buy gift baskets, but remember you are fishing. Almost everyone at one point frequents a hardware store or a grocery store. Perhaps the person visiting the store isn’t our “perfect” client, but what if their wife or husband with them is? See where I am going? What’s the best way to catch fish? You fish where the fish are.
If you are at your doctors, perhaps you leave a card in the waiting room. When you are at a restaurant, leave a card with your tip. Write a little note on your card to thank them for their service. You can bet that card won’t be tossed. You can leave your card just about anywhere that people frequent. Your business card does not cost as much as a billboard, so leave them everywhere.
Be creative and think out of the box. Remember, this is guerrilla marketing! You are building your brand, even if people don’t use your service they are still being exposed to your brand so hopefully, one day when they do need your service, they will remember your business brand. Your business card is the first tool in your tackle box. Use it and catch some fish, or I should say customers!
What are some creative ways you have used your business card? Leave us a comment and give us a few of your guerrilla ideas! Happy Fishing!
4Posted by David Beckham, MarketProMBA on November 20, 2009 at 7:17 pm
In our last segment, Marketing in a Tough Economy – Revisited, we talked about an important business success factor, Customer Retention. As a recap, we know your current customers are one of your most valuable assets. Small business owners need to focus energies and resources on keeping these customers happy. Over time, not only do these customers support your business, but inevitably, the hope is they help you gain more customers through their referrals and testimonials. So, besides your current customers referring business to you, how else do you get your name out to the world? How are you going to get new customers and build your brand?
Many businesses think that getting new customers is a costly venture. When times get tough, businesses will too many times cut their marketing budget when in fact they should be expanding it or at least refining where their marketing money is going. During tough economic times, your competitors are doing one of three things:
They are closing their doors
They are scaling back operations or standing still
They are increasing their marketing budget & growing market share
There is no doubt that t the economy is going to drive some of your competitors out of business. In my town, I can drive down the road and I see one out of every three businesses that have closed their doors. It may be more or less where you live, but the reality is they were there one day and gone the next. Yet, there are some businesses that are holding their own. I have talked to some of these owners and they give me all kinds of stories about how they are cutting budgets, laying off people or taking loans (if they can get them) to stay afloat. Still, there are other businesses that seem to be growing and thriving no matter what the economy looks like. Are they harboring some sort of a secret about marketing that other businesses don’t know about?
The truth is the businesses that are thriving in a downturned economy do know a secret. The secret is simple. Don’t cut your marketing budget. During downturns, some of your competitors could go out of business. Who is going to pick up their market share? If the economy is affecting your business, then isn’t it most likely affecting consumers as well? Current, new and your competitor’s customers could be price shopping or looking for alternatives to your product or service. How are you attracting these switching customers? It is easy to see why cutting your marketing budget or standing still could hurt your business. You could be limiting your opportunity to gain new market share.
So, what can a small business owner do to increase their market share during a down economy? Marketing your business doesn’t have to expensive or cost prohibitive. You can actually market your business on less money than you think. When most people think of marketing, they assume we are talking about advertising. Well, you are partially right. Advertising is part of marketing but it isn’t the only thing. I am a firm believer in low budget / no budget marketing for small businesses. You have probably heard it referred to as Grass Roots marketing or the most familiar term made popular by marketer Jay Conrad Levinson, Guerrilla Marketing.
The definition of guerrilla marketing is loosely defined as; “unconventional methods of marketing that require a relatively low budget or no money at all”. There are hundreds of ideas you can use to market your business and when we are dealing with a downturned economy and budgets are cut, guerrilla marketing may be your saving grace!
Over the next several weeks, we are going to dive into some guerrilla marketing tactics and ideas. As you are reading some of these ideas, jot down your own thoughts and share them with the readers. Who knows, you may be harboring the next great marketing secret and you didn’t even know it! By no means will I be able to teach you all there is to know about guerrilla marketing. As a matter of fact, I highly recommend getting your hands on some of Levinson’s books or do further research on the internet. There are so many great ideas that it will seem a little overwhelming at first, but in time you will find the right marketing tools that work for your business. So let’s look at some tools and get started marketing your business!
0Posted by David Beckham, MarketProMBA on October 30, 2009 at 9:33 am
David Beckham, MarketProMBA Consultant
Let’s face it; your current customers are your business life’s blood. They are generally your primary source of revenue you should be spending a good percentage of your marketing budget focusing on them. A good rule of thumb is that 60% of your marketing budget should be spent on your current customers or marketing directly to them. Remember, it costs far more to gain a new customer more often that it does to keep a current one.
Take the time to get to know your current customer’s better. Phone calls, visits or emails that just check on them and get to know them better will do wonders for your relationship. Do you have a newsletter for your company? Let your customer’s know what is going on with you as well. Of course, you want to get permission from your customer’s to be put on your email list, but most of them will do this without issue.
Newsletters can also be used to let customers know about upcoming promotions and specials within your company. Online eNewsletter programs like Constant Contact, Mail Chimp or iContact are excellent marketing tools because they give you important measurements like open rates and click-through patterns. During tough times, marketing efforts have to be scrutinized to ensure they are returning results. The analytics from eNewsletter programs helps you justify your marketing expense and gives you data to help you change and adapt your message to ensure maximum impact and sales. If you aren’t using one, you need to seriously consider doing so.
Recognize special events with your customers. Send them a gift basket on their business anniversary date and just say “thanks for being a customer!” Is there a significant date in your customer’s life or an event that is important to them? If you are getting to know your customers you will learn this information, then you can simply send a card or a small gift to congratulate or let them know you are thinking about them.
Holidays are always a great time to recognize your clients. Be careful though about what you send. Don’t just get something off a shelf and think it will make an impact. Remember, other businesses might have them as clients too and how embarrassing would it be to give them the same gift basket from a “big box store” that some other business gave them. Your gift needs to be unique, original and stand out from others to get you noticed. This will help keep your business top of mind with your customers. Also, brand your gift with your colors and logo whenever possible. This also keeps your business top of mind and extends your brand. Remember, your gift could be seen by other potential clients that may be in your client’s office so make sure you are always branding anything you send. (For more information on gifts that stand out, see THE original basket boutique)
Hold a special event or meeting for your current customers. An open house for your customers will give you a chance to know your customers better and offer an opportunity for them to introduce you to more potential clients. Get with your local chamber of commerce and offer to hold their monthly business afterhours meeting. If you are not a member of your local chamber or commerce, then you should certainly rethink that decision. Local chambers are normally very good opportunities for networking and typically have low annual costs. Larger metropolitan areas might have several chambers. Don’t feel like you need to join all of them. Find out which ones are the most active by asking around and talking directly to the chambers. Then you can make a decision that will give you maximum return for your investment.
Referral business is critical to your clients businesses and yours. Initiate a referral program for your clients. When you refer a client, make sure your client knows you sent them a customer. If one of our customers sends you a new client, reward them with some kind of a thank you. This will help reinforce their actions and let them know how much you appreciate the new business.
These were just a few ideas on customer loyalty. There are many more that you might come up with. Put yourself in your customer’s shoes. How do they think? If you were your own customer, how would you want to be treated? Sounds easy enough but you would be surprised at how many small business owners lose track of this. As small business owners, we tend to get wrapped up in the management of our day-to-day activities that we sometimes overlook the simple things that help build our business and keep our customers engaged with us.
In our next segment, we will talk more about marketing ideas that are not going to break your budget and help you generate more sales and build brand awareness.