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5
Secrets to Marketing Magic"...Because
its purpose is to create a customer, business has two—and only two functions:
Marketing and innovation. Marketing and innovation produce results, all the rest
are costs." Peter Drucker 1.
Understand Your ProductIf
you can’t state it, your customers won’t see, understand, or want it - What
are you REALLY selling?
You must be able to articulate this is a way
that makes others want to buy from you. - Features
vs Benefits
Always focus attention on the benefit to your customer as
a result of using your product or service. - Unique
Selling Proposition/Competitive Advantage
What makes you/your product
distinctively different?
2.
Have a Marketing PlanWhatever
marketing plan you intend to roll out, test first to measure your success probability
and to reduce the risk of failure. Test prices. . .Test product. . .Test headlines.
. .Test everything. Have a diversified effort and then continue to test EVERYTHING.
Some areas to consider: - Public
Relations
- Publicity
-
Direct Mail
- Personal
Selling
- Trade Shows/Industry
Participation
- Newsletters
-
Specialty Items
- Articles,
Books, eBooks & eProducts
-
Speeches, Seminars, Workshops
-
Referrals
- Networking
-
Ads – newspapers, signs, flyers, radio, TV, Yellow Pages, etc.
-
Thank you notes & gifts
-
Coupons, Special Offers, etc.
-
Websites, email signatures, etc.
3.
Understand Your Customer How
do you create real value? By understanding what's important to your customer or
client...and then providing it - Who
is your “ideal” client?
Ask yourself: "What do I know
about them, their buying/spending habits?" "Where would my customer look for
me?" Then make sure you put "yourself" (your coupons, advertisements, website
address, etc.) in the places where they can find you. - What
do your clients need? How can you find out?
Ask your clients:
"How can I help you?" "How can I make it easy for you to buy from me?"
And of course: "What else?" (do you want, need, wish to tell me...)
4.
Value Existing Customers - Follow
their needs
You can use a simple data base to track customer buying patterns
as well as the effectiveness of your marketing plan. Determine the "lifetime"
value of your customers and clients, and continue to find ways to keep them loyal
by providing what they want and need. - Special
offers/preferential treatment
Existing customers have already made a commitment
(they've spent money with you), don't reserve your “specials” just for new customers
– reward the loyal (existing) ones, too. It's much easier and more cost effective
to sell to existing customers than to try to find new ones. Surprise and delight
your existing customers by giving them "freebies" or added value from time to
time.
5. Collaborative
Marketing- Networking
Networking is really relationship building. When you want to expand your market,
an effective way to have instant credibility is to use the influence of someone
who is well respected. Remember to provide value, not only in the product or service
you are offering to the "new" network, but also to the person who is introducing
you to their network. - Host/Beneficiary
Relationship
Consider who you know that you could "team up with". People
with complimentary businesses (those who market to similar customers) provide
a great non-competitive way to expand your own customer base. (It works the other
way, too!) By the way, have you ever asked your suppliers or vendors for help
in growing your business? They have an interest in keeping you in business, too. - Referrals
Remind your customers that your business grows through their referrals. And then,
make sure you thank and give value back to those who are willing to share their
satisfaction of your services with others.
What
makes some businesses more successful in the marketplace? They continue to explore
new ways to bring in business. Remember what marketing guru Jay Abraham has to
say about your marketing plan: When
you limit your business to doing things the same way every other competitor of
yours does it, you can only produce modest, incremental gains at best. ©
1998-2001 - Katie Darden, Career Life Institute |
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