Showing posts with label Marketing Strategy. Show all posts
Showing posts with label Marketing Strategy. Show all posts

20090327

Four Marketing Myths That Steal Sales

. 20090327
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marketing guide
By: Allyn

How many times has bad advice gotten you into trouble? Yeah, everybody's saying and doing it, so you jump on the band wagon... and guess what... you get the same results as they get. Maybe it's a comfort to know that you're not the only one who played the part of the fool, but when it comes to marketing...you may not have enough leeway to count the loss and go on.

Yeah, there sure are a LOT of ideas out there about what will and what won't skyrocket sales numbers and profit margins! And to be truthful, a lot of those ideas are just a bunch of bunk. Yep, you've got to be on your toes and know the truth about marketing tales. Here are a few of the lines of misinformation that you've probably heard before...

You've Got To Have The Cheapest Prices In Town To Be Competitive

Let me ask you this...Do you always buy the cheapest product on the shelf, or always shop at the store that has the lowest prices? No, I don't either. What you and I know that these people don't is, that value counts for a lot. Oh yeah, sure... there are a few people out there who only buy the cheapest things in town, but most of us understand that the cheapest isn't always the best buy for our buck.

How does this apply to you? Here's something you can try...make it a little test to see just how true this myth is. Find a low-cost way to enhance the perceived value of your product or service, then raise the cost a little. See what happens! Don't be surprised if your sales and profits shoot up!

Advertisements Need To Be Changed To Keep The Public From Becoming Bored

This one reminds me of one of my cousins. He's famous for breaking things that are fixed. Yeah, he'll go out and buy a perfectly good running car, but every time you see him, he's under the hood tinkering with something. Before long...you guessed it...the car won't run and has to go to the garage for repairs.

It makes no sense to run a business like Cousin Jim and his cars. Hey, if it's working why try to fix it? Think about it...what's the goal for advertising? Yeah, to attract new customers. Once the new customer comes through the door, the advertisement has effectively done its job. Does that customer need to be affected by the same ad? No, so let the ad do its job for the rest of the people out there who haven't seen it yet.

Now, I'm not saying that you should never change your advertisement... just never abandon a winner midstream. A good rule of thumb is to spend 80 percent of your advertising money on proven methods, and to risk 20 percent on experimental advertisements. Keep the tried and proven working for you, while you test the waters for new ideas that might work even better.

The More Choices A Customer Has, The More Likely He Is To Buy

Yeah, yeah...they say variety is the spice of life and all that, but too many choices can lead to procrastination. We all know what happens when we procrastinate. Yep, we never get back to it!

Do you know what happens when a customer can't decide?... you lose a sale that you already had in your pocket. Yep he came in to get it, saw more options, stopped to make up his mind, then walked out still thinking about it...maybe to never return.

A tip for the wise marketer - limit your customer's decisions to either yes or no. Let them decide either yes I'll buy or no, I won't buy. Don't risk confusing them and losing the sale.

Everybody Needs My Product/Service So I Don't Need To Advertise

Hey, building a business is a lot of hard work! There aren't many free rides along the way. Chances are, your potential customers need to be convinced that they NEED to choose your service/product. Yep, finding the customer, convincing him to use your service/product, then closing the deal is a process that can't be easily bypassed. Don't be fooled into thinking you're any different! It could be hazardous to your profits.

A friend of mine owned the only dog grooming shop in her town. Hey, no competition means you don't need to advertise...right? After an initial anouncement of her grand opening, this lady did no advertising. Business slowly trickled in and barely covered the overhead. Finally in a desperate attempt to get business off the ground she began putting flyers in all of the local veterinarian clinics and ads in the local newspaper. Bingo! Business began pouring in... and most of the people said, "I didn't even know you were here!" or "Fifi's been needing groomed for quite some time. When I saw your ad, I decided to go ahead and get it done."

Let's face it, people are often....well, lazy. They don't always go out of their way to find the phone number to contact you, even when in the back of their mind they know they need to do something. Yeah, advertisements are often the little prod they need to get motivated. Don't shortchange yourself by neglecting to advertise.

How about you? Have you ever driven by a business for a long time without even noticing it? Yep, we all get too busy to pay attention sometimes.

Hey, you've learned a few of the misguided marketing myths that many people are fooled by...now you can apply the REAL marketing concepts to your own advertising campaign and watch the results!

Who is Allyn Cutts, and why should you care?
Allyn has spent over 24 years helping businesses like yours find new customers and increase sales to current customers. Allyn is a marketing and sales fanatic, providing measurable marketing solutions that drive huge results for small-to mid-size business clients. Allyn is the owner of AllynCutts.com www.AllynCutts.com and works personally with clients to design and deliver off-line and on-line direct m

Source : marketingarticlelibrary.com

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20090326

7 Ways to Improve The Stickiness Of Your Website

. 20090326
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marketing guide
Today more than ever, consumers are overwhelmed with choices, and distractions. The cost of attracting users to your website continues to increase and keeping them engaged is more important than ever.

Engagement doesn’t end with an individual browser reading content or clicking on an ad. Rather, engagement is an ongoing process that results in loyal customers who come back again and again, becoming more vested in your web site.

How can you make sure you’re engaging and keeping customers?

In order to create a loyal following, there are some basic principles you need to consider. From first impressions to life-long membership, put yourself in the shoes of your browsers and make their experience a valuable one.

1. Reduce Clutter. How many times have you visited a website only to be overwhelmed and confused? What is this site about you may have asked yourself. Or perhaps you found yourself asking, ‘Where is the information I’m looking for?’

Don’t ask your browsers or potential customers to figure this out. Make your site clutter free and create a visual priority that emphasizes the information, resources, or actions your browsers want. By reducing obstacles you build trust among new web site visitors and allow for simple decision making – which benefits everyone.

2. Make Navigation Intuitive. There are many ways to navigate a web page but intuition rules the day. Don’t try to get fancy with your navigation or overuse java script. Basic navigation that follows current convention is the best way to lead individuals through your web site to the information they’re looking for.

1. Make The Initial Site Interaction Relevant. When a browser reaches your web site, you have less than seven seconds to get them engaged. Making your initial site interaction relevant to what individuals are looking for is essential for keeping them interacting long term.

If you are promoting your web site with Google Adwords, or any pay per click advertising for that matter, be sure to create customer landing pages that are truly relevant to the individual who clicks-through your ad. Once you’ve established relevancy, you can move them deeper into your content, tools, and resources.

2. Ensure That Your Content Is Up-to-date. Web site content that isn’t up to date does not serve your audience and browsers are likely to move on. One way to ensure that information is timely is by providing a feed of relevant news or information. If including static text on your web pages, try not to include specific dates. However, if you must publish dates, be sure to update this information on a regular basis.

3. Start An Interaction With Your Users. Each time a browser views your web page, you have an opportunity to interact with them. Don’t let this opportunity pass you by. One great way to interact is to offer something of value at no cost. This can be a white paper, access to an exclusive list, or simply a 30 day free trial. Be sure to capture an individual’s valid email address and include them on your mailing list. An auto-responder is best if you wish to engage these individuals on an ongoing basis.

4. Provide Plenty Of Support. Don’t hesitate to offer support right from your home page. Prominently display your 800 number, support email address, and additional information for your prospects and customers such as mailing address. This information is viewed favorably by search engines and also creates a sense of legitimacy. Contact information builds trust among prospects and elicits interest in your company.

5. Make Sharing Easy. Once you’ve made your web site easy to use, don’t hesitate to offer browsers the ability to share your web site with others. This can be in the form of a simple widget that allows users to bookmark your page, subscribe to an Rss feed, or submit your content to popular news sites like Digg.com.

Individuals are much more likely to visit a web site based on a friend’s recommendation versus some other type of marketing initiative. Leverage the power of viral marketing with easy sharing tools.

Your web site can be your greatest asset. Unfortunately, many marketers and website owners are so focused on increasing traffic that they lose site of the audience that’s already visiting their web pages but are simply not converting.

Don’t make the same mistake. Improve the quality of you site through relevant content that is up-to-date and easy to find. Once you’ve engaged users, encourage them to share. Doing so will make your site perform better, increase conversions, and deliver value for all involved.

Michael Fleischner,

MarketingScoop.com

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The #1 Low-Cost Marketing Strategy

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marketing guide
Can you start or grow a business without spending a fortune on advertising? Are there any low cost marketing methods that really work?

Whether you're launching a business on a shoestring budget or you want to grow your business without spending more than you need to, this should be a question you've asked yourself at least once. The answer is yes, there is a low cost marketing method that really works, and I used it to make my first million online.

In the late '90s I created a web site that reviewed and ranked the scores of emerging search engines. It took me two weeks of solid work to build the site. Then once a week I wrote a review of a new search engine and added the best of these to the growing directory of available search engines.

Each time I posted a review on my site and shared with the media, I was positioning myself as the expert on the emerging field of search engines.

The result was that within a few months, I got requests for interviews from Success Magazine, National Public Radio and a host of other publications. Traffic to my site soared. Within a year of launching my site I accepted an offer to sell it and my expertise to one of the largest information technology sites on the web for approximately 500 times my initial costs.

How can you too use your web site to position yourself for success?

The strategy is to position yourself as the go-to expert in your field. It costs next to nothing and is the key to your success. My marketing articles are regularly picked up by hundreds of publications and distributed worldwide, generating sales at no cost and giving me more publicity than I could ever buy with advertising.

Why does expert positioning work?

If you are looking for ideas to grow your business, or cut your taxes, or for legal advice, whom are you going to turn to? Your neighbor, someone listed in the yellow pages, or to the person who regularly shares ideas and knows what they are talking about?

Imagine two accountants, Sarah and Bob. Both are the best in the business and have exactly the same training, experience, knowledge and charge the same. The only difference is that each month Sarah sends you an idea about how to manage your finances or cut your taxes.

When it comes time to pick an accountant, whom are you going to hire? The one whose name you remember and whose opinions you've come to trust. You're going to hire Sarah, who has positioned herself as the expert. While Bob may have the same knowledge and expertise, you aren't certain of that and, in fact, have forgotten who he is.

Expert positioning works to help your prospects get to know you, remember you and see you as the person to go to when they have a question and a need. Do this and they'll be much more likely to buy from you than from your competitors.


Who can use expert positioning to grow their business?

Positioning yourself as the expert can help you no matter what you sell. You don't have to have an advanced academic degree to use expert positioning to grow your business. You do need to be an expert in an area relevant to your business.

Here's how one taxi driver used expert positioning to triple his sales.

A couple of weeks ago, my family flew down to sunny Nassau in the Bahamas for my nephew's wedding. At the airport we climbed into a cab for the thirty-minute ride to our hotel. As soon as we were under way, the cab driver started sharing information about the island's history, places to see, the best restaurants, when and where to view the local Junkanoo festival that was happening that night, etc.

By the time we reached the hotel, our taxi driver had positioned himself as the go-to expert on Nassau. I'm sure every other Bahamian taxi driver knew the same information, but by sharing it with us our driver had won our confidence and gained a competitive advantage over the other drivers. As we paid him for the ride, we asked him for his card so we could hire him for additional trips and for the return ride to the airport.

To your success,

Charlie

marketingforsuccess.com

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Do Free Consultations Work?

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marketing guide
It's not unusual for someone setting up a service business to be advised to give a free consultation as a way of winning business. In the coaching world in particular (and many other service businesses) this is recommended as the main way of winning clients. Many coaches are assured (often by the people selling them their coaching training) that all they will need to do to have a full practice is offer free taster sessions, and somehow those people will magically transform into paying clients.

This in my view is one of the Big Fat Myths Of Building A Coaching Practice, and it really annoys me to see would-be coaches being duped and misled in this way. The fact is, with any buying decision, the buyer has questions and concerns that need to be addressed, and not all of them will be handled in the free consultation.

Over the years I've encountered people who are frustrated and demoralized by their conversion of free consultations into paying business. So what's the answer? Are we for or against free consultations? My take on this is that free consultations might work, but you need to use them in the right way, and that means asking the prospect to take the next step at the end of the session.

The Free Consultation Won't Do The Selling For You!

The trouble is, many people use free consultations in the hope that the consultation will do the selling for them, and they won't have to engage in the 'dirty' business of asking for the order. So the consultation comes to an end, the service provider says, "I hope you enjoyed that/found it useful", and then waits for the client to initiate the next step, because they don't want to be 'pushy'. Meanwhile the prospect is actually waiting for some direction from the service provider, yet when none is forthcoming, leaves, or ends the phone call, confused. So if you are going to offer free consultations, make sure that at the very least you invite the prospect to take the next step, and find out what questions and concerns they have about proceeding.

The free consultation should pave the way for a sales conversation to take place, not replace it. They Take Up Your Time The main objection I have to 'free consultations' as a selling tool is how much time they take. When you're running your own business, time is the most valuable resource you have. You can always make more money, but none of us, not even Bill Gates or Oprah Winfrey, can manufacture more time. Most people, especially when they are starting out, think that they are cash-poor, but time rich, and therefore happily offer free sessions in the hope that it will win them some business. The trouble is, if you're even half way good at what you do, it won't take long for word to get round, and your calendar will be full with free consultations, but no paying clients.

I suggest that instead of offering free consultations 'one-to-one' you offer group tele-coaching preview calls. That way you will leverage your time and can simultaneously reach a number of prospects.

What Type Of Prospects Do You Attract With Free Offers?

I hate to say it, but in my experience it's true, when you offer anything for free, you will attract a percentage of people who will never, ever buy from you no matter what you do for them. I have had many successful coaches admit to me privately that it was only when they found the confidence to charge for andintroductory' session that they attracted a better caliber of client. I'm not saying don't offer free stuff - but offer things that are low cost for you to deliver and high perceived value to the prospect e.g. special report, e-book, free teleseminar. Things that take your time on a one-to-one basis are a HIGH cost to deliver, because it's time you can't sell to anyone else, or time you could be spending on other projects.

Why People Say No To Free Consultations

Some people are mystified that even when they offer something free - people don't want it. I'm reminded of the man in Hyde Park who, as an experiment, started offering £5 notes to passers by, only to be refused! There are a whole host of reasons why someone might be reluctant to take up your free consultation.

First, they might be worried about what they are getting into, secondly it's wrong to assume that the financial risk is the only barrier preventing someone from doing business with you. They might be worried about being vulnerable or looking foolish. In these circumstances the prospect will take the safest option i.e. do nothing!

So should you offer free consultations? Well, at the risk of sounding like a politician, it depends. What I've done in this article is give you some things to take into consideration. At the end of the day, you have to consider all the options and make the decision that is best for your business right now. (You can always change your mind later).

About the Author
Bernadette Doyle publishes her weekly Client Magnets newsletter for trainers, coaches, consultants, complementary therapists and solo professionals. If you want to get clients calling you instead of you calling them, then get your free tips now at http://www.clientmagnets.com.

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Bringing New Products to Market

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self product promotion
Otherwise known as the idea train, an entrepreneurs' way if thinking is her biggest strength and, if not carefully managed, could be her biggest curse.

I probably have a new idea every day. And at the time I have it, I usually get so excited that I think it's the next best thing. In mind, at that time, I have just made Steve Jobs look like an amateur.
Ok Dave - whatever...

But, at the same time, some of my ideas are pretty good. I wouldn't have a successful business if they weren't. And of course, some of my ideas are....let's say, put on hold.

If I actually acted on all my ideas, my company would have imploded a long time ago. One can stretch a company too thin where it begins to lose focus. I started in this direction a few years ago. A member of my team made a comment to me that was very enlightening. She said, "I feel as though lately we are growing like a shrub instead of a tree."

It was a very powerful statement and made me think about pruning the shrub so we can grow like a tree again. And we have.

Now when I have ideas, I present them to my managers first to flesh them out. This can be a frustrating experience because entrepreneurs and managers think differently, thank God. If he's smart, the entrepreneur has surrounded himself with detailed managers who can say no to him when appropriate. Most entrepreneurs don't like their ideas to be grilled and possibly put on hold or nixed for the benefit of the company. So, he will give his managers the right to set him straight if the idea is not the best for the company at that time; or needs to be altered/killed.

Of course, I can do whatever I want within my own company. But in my mind, it's not my own company. If I don't have the buy in from management and the rest of the team the idea will never take shape.

So here is my 10 step plan on how to entrepreneurs can deal with their ideas:

1) Marry well. Your spouse should be the first one to tell you if the idea has merit or if you're smoking something. You can save your team a lot of time if your spouse can nix the idea first. My wife has a special talent to see through my special"forest" and if I am in "DaveLand" with one of my ideas, she'll let me know. "DaveLand" is actually a great place! The sky is red and there is fun everywhere (and great food), but it's not for everybody...

2) Hire well. It's obvious, but some ego maniacs surround themselves with minion-like people. I have empowered my team to challenge me and let me know when I am getting off course. If I did not do this years ago, my idea train could have derailed the company.

3) Develop a process to discuss ideas with your management team. Form a R&D committee or just have a discussion at your weekly manager meeting

4) Explain the opportunity or problem to solve and see what they come up with first.

5) Present your thoughts at a very high level. Don't get tactical yet. Just the 50,000 foot view.

6) Be calm. Don't try to "sell" your idea. Stick to discussing the opportunity in a calm, rational way and let the conversation flow. If your managers feel they are being sold an idea, their BS meter may go off. This could really change the direction of the discussion.

7) Ask them to pitch the idea back to you. Then ask, "What does it look like when we, as a company, execute this idea really well and so that it doesn't strain the company?"

8) On a white board, brainstorm all the reasons why you shouldn't move forward with the idea. Then, list all the reason why it's a good idea.

9) Listen half as much as you talk.

10) Be ready to walk away from the idea, or alter it.

It seems like a lot to go though, I know. Many entrepreneurs might be reading this and saying, "Bull! The reason I started a business is to do whatever I want, whenever I want!" That may work if you are a one man show. But if you have people working for you, you'd be smart to rely on their intelligence to guide you. Hopefully, that's a big reason why you hired them.

Another big reason to go through this process is the actual execution of the idea. Traditionally, entrepreneurs are builders of ideas but not always great at seeing them through. You'll need your team to embrace the idea if you expect them to execute it well.

David Mammano,

marketingscoop.com

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