Use these six steps to create a simple, efficient and effective construction marketing plan that will help your construction business grow. Developing a construction marketing plan and strategy is critical to the success of your organization. The term “marketing” is often misunderstood and used incorrectly. Marketing is much more than selling or advertising. Marketing is the strategic plan that you develop for your organization that looks at your construction company’s strengths and weaknesses; the areas in which you have a competitive advantage; the market(s) that you will target your sales focus on; the demographics of your chosen market; and the pricing structure that you plan to use. While advertising is often confused with marketing (as is strictly selling), it is just one piece of a…
When business slows down the instinctive reaction of many business owners is to cut cost. This is a great way to help pay the bills and sail in slower times. However, the biggest mistake is to cut advertising. The best approach is to lower and not add fixed expenses.
The past year has been a tumultuous one for the construction industry. Many residential and commercial projects have slowed down considerably or stopped all together and, while these numbers are starting to rebound, contractors should not sit idly by and wait for the economy to right itself. They need to take action to keep their businesses on past clients’ radars and to win new clients for when they’re ready to move forward on projects they’ve tabled until funds became available.