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Adding
Muscle to Your Marketing cont...
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Work for referrals. Word of mouth is the least expensive,
most effective way to get new business. An American
entrepreneur used to make his new customers write
on the back of their business cards why they bought
his products. These become mini-testimonials. Another
businessman calls at least one client a day just
to keep in touch. This builds the relationship by
showing he does not just care about them when he
wants something, allows him to update files, and
generates referrals. Dr Batra of Positive Health
Clinic started off very small and today is one major
homeopathy chain. He uses the referral technique
and word-of-mouth very effectively.
* Use online marketing. You do not have to have
a Web site like Indiainfoline.com to do business
online. You can send personalised e-mail. You can
pay only for the leads generated for you by advertising
on many sites. You can research potential clients
for better presentations. Or you can post free ads
in discussion groups.
* Do not sell; help people buy. When you truly put
the clients interests above your own, you
will become a consultant, a team member, and a partner
for your client. When you have earned trusted advisor
status, doing business is no problem. For instance,
Dell helps its customers make more money by using
computers to help their clients sell more. Of course,
the extra business comes around as the client grows.
A small consultants big client felt they needed
a Big 5 firm to handle their M&A
plan. Instead of resisting, the consultant helped
the client select a Big 5 firm, thus maintaining
and extending the relationship with the client.
When you put the customer first, you earn long-term
loyalty that is more profitable than a larger quick
sale.
* Partner with other companies reaching your market.
This might be other traders in a commercial hub
doing something like a shopping festival, or Intel
associating with computer hardware manufacturers
to better serve the customer. Or it could be something
like Home Trade sponsoring the Experiential Marketing
seminar in India to bring attention to both the
brand and the seminar theme, which is being practised
by them.
* Shift the risk to yourself and you will profit.
A believable guarantee makes it safe for prospects
to give you a try. Very few people will exploit
a generous guarantee compared to the extra business
it generates. Money back guarantee always elicits
trust and confidence from customers. Indica Hair
Dye from Cavin Kare started challenging market leader
Godrej by doing that.
* Be personal. To build relationships you have to
build a personal connection. A handwritten invitation
pulls better than a printed one. One nursing home
in Dubai created a waiting list through great referrals
by greeting visiting relatives by name and filling
them in on their loved ones at the start of each
visit.
* Create free publicity. Large consulting firms
such as McKinsey, KSA Technopack, PWC, etc do surveys
every year on their fields of focus such as IT,
garment industry, retail, etc. Although only parts
of the data would be given out to the media, their
clients in the industry get full access to the data
and this indeed help these clients benchmark their
operations, etc while the consulting firms get free
publicity across media.
* Integrate your marketing. This means that everything
you do should convey the same message and represent
what you stand for. All your literature, and even
your office, should convey the same message.
I am confident that these practical steps would
go a long way in your marketing efforts. Whether
you use high tech or layman approaches to marketing,
the best methods will be comfortable for you and
prospects, build relationships, and support the
setting up of a system that can be done regularly.Muhamed
Muneer is the CEO and Chief Consultant of Innovative
Media, a customer and knowledge management company.
He helps smaller companies gain significant market
share and advises on customer retention strategies.
Feedback may be sent to
muneer@imgyan.com
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