Is Your Marketing Strategy Killing Your Profits?

Written by Charlie Cook


Withrepparttar wrong marketing strategy you could be killing your profits and limiting your business. Your marketing strategy is likerepparttar 120551 driver in a car, with marketing tactics being repparttar 120552 engine. If you know where you want to go and how to get there, your marketing tactics will help you attract many more clients, if not you could crash.

Every business uses one or more ofrepparttar 120553 following tactics to attract clients; mailings, advertisements, phone calls, networking, promotional events, a web site and sending email. If you use any of these and aren’t attracting as many new clients as you want or making as much money as you’d like,repparttar 120554 problem may not berepparttar 120555 tactics. It's your marketing strategy that needs attention.

Without an effective marketing strategy you won't achieve repparttar 120556 results you want, no matter how much time and money you spend. A high profile radio ad campaign won’t help you grow your business unless it includes a message that attracts your prospects. An article about your firm in a newspaper can bring in business or just be a conversation piece. Email messages you send can end up in your prospects' delete bin or prompt them to contact you.

Mailings, radio advertisements or web sites are only delivery vehicles for your marketing message. They are repparttar 120557 tactics you use to implement your strategy. Are you usingrepparttar 120558 right strategy to market your business?

What arerepparttar 120559 fundamental principles of your marketing strategy? If you can answer this question, you're among one percent of business owners who can. Most people think only about their marketing tactics or vehicles and wonder why their profits aren't growing as quickly as they would like.

Business-Building Marketing Strategy To grow your business you need to:

- Define Your Goals Identify where you want to take your business and what you want to achieve. Other than making more money than you are now, have you written down a vision of what you want your business to be two years from now? Five years from now?

One-Two-Three Punch Marketing

Written by Catherine Franz


Printed material is just as important today as it was beforerepparttar Internet. With sp*a*m getting out of hand, it’s a wise choice to rev up, update or create printed material, ads, catalogs, direct mail, press releases, letters, templates andrepparttar 120550 like.

You will notice that I didn't add brochures to this list. Brochures are not a good investment for a first piece. When someone asks for a brochure and you don't have one, this doesn't mean you ignore their request. Worse scenario, you may run wildly around using up a large portion of your year’s marketing budget completing one.

If you move or update your materials frequently, it isn't wise to spend thousands of dollars on new material. Here are a few alternatives. You can use a professionally created folding business card as a main document. Another option to expensive letterhead is to print your own in a two-pass process. Use a color printer inrepparttar 120551 first pass for your logo and use a black and white pass through forrepparttar 120552 content. Use Kinko's if you don't have a color printer (http://www.kinkos.com). At Kinko’s you can send them a file via Internet, have them printrepparttar 120553 color portion on high quality paper.

Mailing out a marketing piece weeks after your first contact is too late. When opportunity knocks, be ready. Timing is everything. If you don't,repparttar 120554 extra time allows them to solverepparttar 120555 issue on their own, or change its priority.

It is always preferable to have a serious phone discussion even before an in-person meeting. If they don't show up forrepparttar 120556 call, it is easier to recoup your time, and it indicates they aren't ready to buy. All you need to do is follow-up lightly to remind them to contact you whenrepparttar 120557 time is right. Send them a newsletter, template letter, or flyer and not expensive material. People generally toss items they receive onrepparttar 120558 first punch. Saverepparttar 120559 best for a time whenrepparttar 120560 punch is more effective. Multi-follow-ups show them that you aren't a fly-by-night going-to-fad-in-the- next-few-months provider.

Giving too much information early inrepparttar 120561 marketing process overwhelms customers and jeopardizesrepparttar 120562 sale. It makes them nervous about you. This is, of course, if you are selling services or products worth more than whatever your market considers discretionary.

Instead, create a call to action to get them to visit your web site periodically, send them an "I'm still here for you when you are ready" note, or a printed copy of your latest newsletter or ezine.

Selling a product? Send an oversized post card or direct mail piece. The direct mail piece needs to use an "I'm- following-up" language and not a "you-never-met-us-yet" dialogue.

Have template letters, Word or Act, ready to go with a few clicks. Design them sorepparttar 120563 first or second paragraphs are easy to add a personalized follow-up dialogue.

When you drive alongrepparttar 120564 same route and one day you spot something that seems new, only later discover it’s been there all along you are pleasantly surprised. For even when we seem fully awake, many things pass our radar. .

In marketing, it isrepparttar 120565 same experience. We don't see something that’s been there until something happens and wakes us up. The seven-times rule, a proven marketing principle, isrepparttar 120566 "you have demonstrated credibility" and "I now see you" model. The seven-time rule applies whetherrepparttar 120567 main marketing draw is a web site, networking, direct mail, or a combination. People who don't like to sell stop afterrepparttar 120568 first or second punch.

Printed materials do indicate credibility and quality counts in most cases. If you post your brochures at your State’s visitor’s center, you will see that they stand next to many similar ones. What stands out arerepparttar 120569 one-half page black and white flyers orrepparttar 120570 like. In this situation,repparttar 120571 plain black and whites getrepparttar 120572 attention of many. It is important to know how, when, and where your materials are going to be viewed and be represented.

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