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Posts Tagged ‘Market Segment’

Marketing Your Meeting Planning Business

February 15th, 2010
Since different meeting planning market segment have different needs, your marketing strategy will need to vary depending on the market segment to which you want to cater.
 
When marketing to public or private organizations, your main selling proposition should be greater efficiency for the money and a professional meeting event. Groups, especially large ones or corporate groups, do not want to deal with problems that arise due to oversight on their part. If the guarantee of a worry-free, flawlessly executed meeting is available at a cost advantage to them, there is really no better choice.
 
The two most effective marketing techniques used by many meeting and event planners include:
 
Networking.
Meeting planning is a business where networking counts tremendously. Networking allows you to meet and get to know people who may refer business to you or use your service themselves. In addition, networking with vendors such as hotels, caterers and so on will give you a chance to meet some of the people whose services you may need as you plan events. Active participation in industry meetings, chamber of commerce activities, professional organizations, among others are especially important if you are focusing on the corporate market. Community and social gatherings can expose you to potential customers who may need assistance in the planning of parties, reunions or other social events. Read more…
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What Does Market Segment Mean?

November 20th, 2009

If you are considering a career in meeting and event planning, you will need to understand how the profession is divided up. This means your market segment, or broad-spectrum specialty. For instance, if you want to plan events for businesses and other organizations, then your market segment will be corporate.

Why should you be concerned with this? Because it will determine how you market yourself, how you market your company if you go it alone, and how you network. This means that if you work solely for non-profits your networking sphere will likely encompass a good deal of the political world, grant writers, public relations personnel, event facilities, caterers, and hotels and motels. If you go for-profit, your sphere needs to include the properties and caterers, but you may have less interaction with politics and grants.

Make sure when you choose your event planning specialty that you understand the market segment it falls into. Talk to your business professors to see how they can help, and join a professional organization as well. Ask a lot of questions; people who are truly inclined to teach and to help others will be patient with your answers, but also make sure you do a good amount of your own research.

The end result will be a better understanding of your job and target areas. This could translate into a more secure position at a company or a more stable customer base, and less time spent creating it.

 

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