Marketing and media exposure is an interesting aspect of our business. An article in a paper is a good thing Mercury, dont sweat it. It's a great feeling of accomplishment to know your work is going to be written about.
I just went through that with Bass West magazine. At first I was thrilled that they called me. Then I started to worry. How would my baits stack up against others? Would they treat me fairly? Are my baits as good as I think they are? Stuff like that. What finally made me relax is that I remembered that each bait I pour is the best that I can make. There will always be someone more talented out there that can do more than I, so I quit worrying. As long as my customers are happy then so am I.
And dont forget that alot of our competitors have vastly greater resources than we do. Money and equipment.
What I found important for me personally was to decide where and what I wanted my business to be. I'm not looking to become a big company. I'm not even looking to become a medium company. I have two main points to my business plan. I want to help guys catch more fish and make enough money to pay my bills. End of story.
With regards to marketing, you ever notice that the really good products are never really marketed all that much? They dont need to be. They sell themselves. They are usually made by little guys like us with a passion for what they are doing. The products are made to work, not to sell.
So enjoy the exposure Mercury. If it helps you sell more product, great. If it doesn't, so what. You are still doing what you want to do. So what has changed?
Product pricing. This is another interesting topic. Chris mentioned raising his prices and getting more business. I did the same thing about six months ago with the same result. More sales. I dont know much about marketing but this is how I figured out to do that. I look at a Kia car that costs 9,000.00 and a Corvette that costs 65,000.00. Which one is a quality car? My brain says the 'vette. If it costs more then it must be better. So I would buy the 'vette. (Actually I would buy a Viper. Hey, it's my dream ). Now there is an upper wall that you reach where the public perceives that it costs too much. (Think Testarossa). Sales will suffer if you exceed that level.
Decide on your target customer and what that person would be willing to pay for your product. I target competitive fisherman. For example, if you have 15lbs in the livewell and you know you need 17.5, how much are you willing to pay to get that extra 2.5lbs ? If you get it, you win an extra grand. So how much is a bait worth that will get you that extra weight? Is it worth paying an extra dollar a pack over Walmart worms? My customers seem to think so. I know there have been times during tournaments I would have payed a grand for another 2.5 lbs.
Anyway, my mouth runneth over this morning. Sorry for being so long winded. I figured I better quit before you all start thinkin I'm gonna be passin around the offering plate soon.
Good job Mercury and congratulations.