Are You Playing Checkers or Chess?

Posted by admin | Posted in Marketing Strategy | Posted on 26-02-2010

0

* Attend a networking event and expect it to generate business

* Invest thousands of dollars in direct mail and expect prospects to eagerly call about your services

* Treat your vendors poorly by not paying them on time or not communicating with them in a timely manner

* Misunderstand the differences between advertising, PR, and promotion – and what they can and cannot do for your professional service firm

* Underestimate how important it is for your to address your clients’ PERCEIVED need (i.e., what THEY think they need) vs. what you know they need

You’re playing chess when you…

* Understand that there are right clients and wrong clients for your firm, based on where you want your firm to be in one year, two years, five years – and that your definition of “right” will change over time

* Consider what the right kinds of clients look like for your firm and then carefully develop a roadmap for all marketing activities that align with your definition of “right”

* Use a combination of carefully crafted “touches” to move prospects through your relationship pipeline from Stranger, to Acquaintance, to Friend, to Lover, to Loyal Partner. Are looking six moves ahead, instead of at the next move. Whether it’s developing your website, deciding what committees or networking groups to join, if you should invest in a particular piece of marketing collateral, or where to publish your next article…chess players see the connections between today’s marketing decisions and their impact months and years ahead.For a game plan to avoid checkmate, try these things:

* Consider where you want to be in 6 months, 12 months, 18 months and 36 months. Identify the big steps to get you there. I organize my actions by “theme of the month.” For example, within 6 months, I want to be well into developing an online platform to launch subscription-based marketing tools. So January and February are Research Months. I’m attending two related conferences to quickly assess the latest approaches, make some good contacts, and scope the competition.

Are You Flirting With Me?

Posted by admin | Posted in Marketing Strategy | Posted on 19-02-2010

0

Whether you love it or hate it, marketing and sales are critical to the life blood of any business. You can make it more fun, if you take the approach that you want to seriously flirt with a growing list of prospects.

Marketing attraction. It sounds like flirting doesn’t it? And in a way, that’s exactly right. You do want to flirt with your prospects, to allow them to get to know, like, and trust you. Since it takes upwards of 7 touches to make a sale today, you need to attract them to your product, service, or program in many different ways.

One critical element you must have in your basket of attraction tools today is a fully developed web presence. People are most likely to google for you or your service or the benefit/solution they seek first. They are less likely to open the telephone book and flip through the yellow pages. The future of your marketing reach is the internet.

Even with the internet, you need an arsenal of marketing strategies to reach your prospects and attract them to your product and services. You can’t flirt with them, if they can’t find you.

Here are a few ideas which you can do quickly and on a budget. They are culled from the likes of Mitch Meyerson, Jay Conrad Levinson, Seth Godin, and Bea Fields.

A Reality Check On Your Marketing Strategy

Posted by admin | Posted in Marketing Strategy | Posted on 16-01-2010

0

The ‘Marketing Strategy’ is the way we have come up with for achieving our marketing goals and it should include two mandatory elements:

- Which target consumers whom we can reach, hold a viable potential to buy whatever we intend to sell?

- What is the offer (the entire marketing mix) we will be presenting to these consumers in order to appeal to them and thus realize the said potential, given their alternatives?

You must not think of these as two separate questions but rather as two parts of the same idea. Let me clarify. What are “target consumers with a potential to buy”? These are consumers (a sizeable enough group with buying power) likely to desire what you are offering. Why would they want it? That is the potential that you are supposed to identify. There may be several reasons. For example, maybe they are not consumers of your kind of product yet, however, they might be if something happens, or if they are exposed to a certain message. It could be that they have special needs or preferences, which up until today were not catered to by any of your competitors’ offers (and don’t forget that psychological, social, aesthetic needs are real needs). Maybe they are bored with what they routinely buy. When you identify such a situation, you know that the potential is there.

Identifying potential is only the initial stage of your mission, of course. Your strategy would also have to include something that you are going to offer these consumers that might improve their situation in a certain way, solve a problem, give them more than what they already get for the same price, or open new opportunities for them. In short, something that will motivate them to buy from you and thus materialize the potential.

The ‘Marketing Scenario’ is a synopsis of the logic of your marketing strategy. In the same breath, it also enables you to make sure that that logic really works. The ‘Marketing Scenario’ translates the ‘Marketing Strategy’ to simple everyday language. How will it happen in reality? How will the materialization of marketing goals occur? I don’t know whether or not you have already sunk in this fact, but marketing goals are achieved through customer acts. So, let’s assume that we install a webcam with enhanced psychological insight capabilities inside the market and that it captures the materialization of our marketing plan, one purchase after another.

A Great Logo Is A Marketing Must-Have. But Is It Affordable For Small Business?

Posted by admin | Posted in Marketing Strategy | Posted on 12-01-2010

0

And is having a logo really that important? My answer to both of these questions is an emphatic YES!

A logo is a graphic or visual representation of your brand. Your brand is your business, product or service and what it stands for. It’s whatever you are out in the marketplace selling.

Why do small businesses need a logo?

Why can’t they just market using their company name? Logos are expensive, right? Can a small business owner really afford to get a logo? Or at least a good logo? Lots of questions. Some I’m sure you’ve pondered yourself at one time or another.

I believe ALL businesses should have a logo

You need a graphic element that captures the essence of your business and communicates an idea to your prospects and customers. A mark that can lead the look and feel of all of your marketing materials.