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Muhamed
Muneer
CEO and Chief Consultant, Innovative Media
Adding Muscle to Your Marketing
- It
has been my experience that many executives find
it very difficult to commit any marketing activities
and plans on paper - especially at junior levels
and in small and medium companies. This is partly
because they think they do not need elaborate
plans like big companies and all their plans are
in their minds. This is typically the case with
most owner- managers. There is another reason
as well: They find it very difficult to put ideas
clearly in a structured manner in writing. In
this piece, I intend to address issues related
to this key area.
By answering the following seven questions one
can go far in creating a preliminary marketing
plan:
*What is your objective for doing marketing?
* How will you meet your goals? (Tip: Stress your
benefits)
* Who are your customers and what is your target
market?
* How will you reach your target customers?
* How are you different from your competitors?
* Who are you to your customers? (Whats
your identity?)
* How are you going to implement your plans?
Once these questions are answered, put it on paper
and make a document. Keep it where you can see
it. It will help you stay on track.
Planning is critical to the success of any marketing
campaign. Write down your vision of where you
are going, when you want to get there, and how
you will do it. Keep this vision statement posted
in a visible place that both you and your employees
will see every day. Every day, repeat your vision
out loud. Those clients of mine who start with
a written plan see faster and stronger growth
than those who just start marketing because business
is slow for them. For example, a training company
I associate with has been growing steadily since
they implemented a written marketing plan. Their
planned, constant promotions have helped to keep
a steady stream of customers coming through their
doors.
A plan should include a good look at your company,
what services you offer, your goals, and explicit
activities that will accomplish your marketing
goals. You should look at whom you are going after:
choose two or three categories of clients (target
markets) - be specific. If it is system integrators
you are look at, then what size company? What
is their location? What is their area of expertise?
- Again, be specific. Why should your prospects
choose your company and buy from you? There is
probably stiff competition in your area. What
makes you different? What sets you apart; makes
you unique?
How will you reach your prospects? Would they
read written marketing messages? Would they like
to receive information by fax? Or will you have
to plan a telemarketing programme? Examine all
these issues; it never hurts to ask a prospect
how they would like you to contact them. Maybe
you will find that none of them will work. Then
keep digging, find what will work. They are buying
now...figure out what will get them to buy from
you.
Once you have any type of plan ready, you need
to test what you have accomplished through a limited
direct mail or telemarketing campaign (or both),
examine the results, and then adjust your marketing
as necessary so you can more effectively reach
a wider audience. In order to test your market,
you will need to gather the right
prospect list compiled from your best assumptions
about your particular market. Next, you will need
to compose an effective letter or postcard for
direct mail, or an effective telemarketing script
if you test by telephone (now that lots of housewives
are trained to do such things).
Also, determine what the normal success ratio
for your direct mail or telemarketing approach
is, and then choose a sample size that will give
you accurate results. Whether you reach your sampling
by mail or phone, make sure you or your staff
records where the new customers come from. Make
a log of exactly how the programme was implemented.
Without this kind of tracking, you will not be
able to determine the effectiveness of your marketing
campaign or where to make changes.
Once you are ready with the test campaign send
out that direct mail or dial up those sample prospects.
Then
Wait. Wait. Wait. And wait some more.
Normally, a typical and logical time period to
test a marketing campaign is between three to
four months. That gives your marketers enough
time to contact your sample prospects several
times. That way, your message gets the exposure
it needs to have an impact on your prospects and
you can accurately measure the response. Just
be sure not to change your test programme in midstream.
Changing the limited campaign could skew the results
and make it difficult for you to accurately track
the changes you implemented or measure its effectiveness.
You are only working on a partial assumption.
Once you launch your overall campaign, you could
find yourself devoting too much of your marketing
budget to a less productive part of your marketing
campaign. It is more cost effective to see the
test-marketing programme through to its planned
end. With an accurate track record of the test
campaign before you, you can scrutinise your marketing
with a critical eye and make whatever changes
are necessary. The full-scale programme you launch
after that will have more impact, will be more
effective, and make all your preparation and testing
time worth the effort.
Over the last few weeks, I have been asking some
of the best marketing heads in India and Middle
East to name the ten best tips for marketing.
What I find is that one cannot pinpoint the best
methods since these differ depending on personal
style, industry, and budget. Interestingly, despite
the increasing impact of technology on marketing,
most of the key things you can do are still aimed
at standing out in your market and building relationships.
If I had to pick the top ten approaches they would
be the following: I am sure this would give you
the muscle for your marketing efforts as promised
at the beginning.
* Make your advantages easy to understand. For
instance, a software firm I know originally sold
CRM consulting, for which they used proprietary
software. Only when they started selling the software
first, and then customisation and consulting as
extras, did their business take off. Buying software
was easier to understand than the more intangible
consulting. Many businesses focus on speed in
every aspect of their business. They make fun
of the slower industry standards and provide a
simple advantage clients understand. Other ways
to set yourself apart are through great service
or association with worthy causes.
* Do not try to be everything to everyone. Just
as customers screen you, you should decide who
you want to serve. I have discussed this point
before in one of the columns earlier. This is
true for brands as well as companies. For example,
can you tell me what Indya.com or Satyam stand
for? A creative design studio in Bangalore used
to take any business that walked in the door.
When they realised which kinds of customers they
worked with best, they were able to cut down their
costs and make more money. Some software firms
only work with one customer per industry so they
will have no conflicts of interest. You can bet
they select customers carefully, and that customers
are flattered by the partnership approach. Consider
creating a checklist of who shouldnt hire
you! It will help you focus, and may impress the
right customers if you share it with them.
Cont...
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