Is Your Marketing Strategy Killing Your Profits?

Written by Charlie Cook


Continued from page 1

- Target Your Marketing Most small business owners waste their time and money pitching too broadly. Do you have an effective method for identifyingrepparttar people who want your products and services?

- Use a Problem Solving Approach Over 95 percent of small business owners focus their marketing onrepparttar 120551 reasons people should buy their products and services, not on their clients. Is your marketing focused on client's concerns and problems or on yours?

- Demonstrate Value Getting your name in front of people is a first step in marketing, but if your prospects don’t know what you do or how you can help them, you haven't achieved your goal. Past clients and prospects may have only a limited idea of how you can help them. Do your prospects understandrepparttar 120552 range of problems you solve andrepparttar 120553 solutions you provide?

- Build Relationships Every past client and prospect who has shown an interest can help you grow your business. Most service professionals know this but waste this resource through lapsed or infrequent communication. Do you have a method for staying in touch on a monthly basis with every person who could help you grow you business? Do you have a strategy for growingrepparttar 120554 number of qualified prospects on this list each week?

Many people find that defining their marketing strategy isrepparttar 120555 hardest part of their job. So hard that many small business owners use a tactical approach instead. Don't make this mistake!

Once you have clear marketing goals and a well-defined strategy, your marketing will be more focused and you can make more effective use of appropriate marketing tactics to grow your business. Shift to strategic marketing and you'll turbo charge your marketing and your business. - 2004 © In Mind Communications, LLC. All rights reserved.

- The author, Charlie Cook, helps service professionals and small business owners attract more clients and be more successful. Sign up to receive the Free Marketing Guide, '7 Steps to Grow Your Business' and the 'More Business' newsletter, full of practical tips you can use at http://www.charliecook.net


One-Two-Three Punch Marketing

Written by Catherine Franz


Continued from page 1

For mailings, this doesn't mean sendrepparttar best stuff first and let it dorepparttar 120550 sale for you. No, no, no. Printed material seldom makesrepparttar 120551 sale. It’s just another contact point. First punches are either tossed or buried in some stack.

If your price is under $100, send them to your web site. Over, send them material for added credibility. This also depends onrepparttar 120552 target market value of your price. If your market considers $500 a drop inrepparttar 120553 bucket then credibility perception changes.

Interview past purchasers. Find out when did they first take notice and how many before they took action. Was it when they received a certain number of contacts? Always. When didrepparttar 120554 need make it a priority. Create a list ofrepparttar 120555 triggers and look for those signs in future contacts. Model your follow-up program accordingly.

In several studies, 92% ofrepparttar 120556 purchase makers cited that letterhead, envelopes and business cards whererepparttar 120557 major factors in how they rated creditability.

Credibility can be lost if your material includes careless mistakes or omits vital information. Inrepparttar 120558 buyer’s perspective, allrepparttar 120559 answers need to lead on how they can feel confident about your service or product and how it solves their need.

One of my services is printed material and web site analysis. After reviewing 294 brochures, I found 81.5% ofrepparttar 120560 information dancing around solutions instead of commitment to direct and clear solutions. Non-commitment isrepparttar 120561 biggest sales destroyers. Don't send them material about X when they inquired about Y. If it doesn't answer Y, it’s tossed. And you have 30 seconds to 3 minutes to complete their question. Long sales letters demonstrate commitment in receiver’s minds because ofrepparttar 120562 thought and care it took to create and address their challenge.

Also, don't send Y, withrepparttar 120563 "I think we need to offer this because we've received a few inquires lately even if it’s off our path" feeling. If you are unable to fit inrepparttar 120564 time to write a letter explaining how and why you can provide Y, then pass it up. This may be a "good" opportunity but not berepparttar 120565 "great" opportunity you truly want to attract.

If, onrepparttar 120566 other hand, their issue isn't clearly understood or known, then you're askingrepparttar 120567 horse to jumprepparttar 120568 fence without knowing how height. It’s a wasted effort and you can lamerepparttar 120569 horse. Don't mail it with an "if it works, okay, if it doesn't oh well" energy. This givesrepparttar 120570 impression that you weren't listening. A big strike against you. Usually one too big to overcome.

For service businesses, it is best to complete your first contact verbally and follow-up with printed material once or twice, then verbally, then twice, etc. Give prospectsrepparttar 120571 1-2-3 punches if you haverepparttar 120572 answer. Be honest if you don't provide what they are seeking. Don't adjust and accommodate because sales are down forrepparttar 120573 month. This is a disservice to your customer and your business. This will diminish assets later. Sharerepparttar 120574 wealth; earn a life-long customer, and new collaborator with your referral.

Copyright 2004, Catherine Franz. All rights reserved.

~*~*~ RESOURCE BOX ~*~*~*~*~*

Word count: 1192 words

Catherine Franz, 15 year business coach, specializes in marketing and nonfiction writing, She is available for 1- on-1 and group support. She also instructs teleprograms and workshops. Additional articles, ezines, and blog available at: http://www.AbundanceCenter.com.

~*~*~*~ PUBLISHING GUIDELINES ~*~*~*~*~*

Publishing Guidelines: Permission is granted to publish this article electronically in free-only publications, like a web site or ezine (print requires individual permission) as long asrepparttar 120575 resource box is included without any modifications). You must make all links active withinrepparttar 120576 article and bylines. A courtesy copy is required torepparttar 120577 author immediately after publication.

Catherine Franz, 15 year business coach, specializes in marketing and nonfiction writing, She is available for 1-on-1 and group support. She also instructs teleprograms and workshops. Additional articles, ezines, and blog available at: http://www.AbundanceCenter.com.


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