Ten Commandments for Entrpreneurial Marketing 1.Don't kill yourself trying to change the world Opportunities are simple angles or tactics. NINE ANGLES FOR NEW PRODUCTS Take something out of your product Put something in your products Answer to consumer gripes visible differences Make it simple 2. Often successful products and services are developed by going against the trends Don't chase you competitors, chase your customers by seraching for a different attribue 3. Marketing is a battle of concepts, not products and services - where simple ideas beat complex ones. Be the first to deveolpe a new category. Easier to go down than up. Make it a premium price and product. MAKE MONEY 1. Price More 2. Cost Less 3. Sell More 4. It is human nature to go after the total marker and appeal to everyone A specialist always beats a generalist. 5. Your management team determines your success! You must be good at merketing internally and leveraging realtionships! Your comany and vision mus tbe a people magnet: something that can attract crititally needed talent and funds in a tight market. 6. Learn selling negotiation skills Entrep. have to sell their business plan and make on-the-spot decisions about what features to offer what to charge, and so on. 7. Need a claear long-term vision of the marker niche and a willingness to revise your tactics and execute differenty on a moments notice. 8. Finding the right channel to distribute your product is everything. The million dolar question is how to reach customers. 9. Egos build your business but it is the enemy of successful entrepship. You must always think as the customer thinks. "Pride goeth before destruction and a haughty spirit before destruction." Proverbs 16:18 Who is going to buy th product? What is the bebedit they are buying? When do they make their purchase and decsion? Where do they expect to find this product? Why buy this vs. other brands? How do they buy and use the product? MAKE IS SIMPLE 10. There is no silver bullet. Why do Entrepeneurs succeed? Because they are will to do today what other only dream about.