Several of my marketing consulting
clients came on board for the same reason. The story goes
something like this. I was so busy before, I could
barely keep up. But, now the phones not ringing as
much and Im getting
concerned.
Usually they had only a few clients often ones that simply fell into their
lap for this reason or that. But, this handful kept them busy. Then something
changed. One of their contacts changed and the new person tapped into their own
designers. Or, their clients business slowed down and they werent
doing as many projects.
They were behind the eight ball before things slowed down for a couple of reasons.
First, its dangerous to have any one client
represent more than 30% of your total business revenues. Second, they figured
the work would keep coming in, so they didnt
take time to promote their practice and now they're scrambling to play catch
up.
Marketing takes time. It carries something of a snowball effect. Over time, various
activities begin to work together to create a synergistic effect that greater
than any individual tactic.
So, they found themselves overwhelmed, trying to make up for lost time and get
the biggest bang for their buck. Theyd try one thing and then another.
Maybe theyd send out a letter or other mail piece, convinced it will bring
in loads of clients, only to find they dont receive a single response.
They ran an ad with the same result. In the back of their head, they knew they
needed to plan their efforts, but they didnt have a clue where to start.
The silent phone only increased their anxiety.
In the immortal words of Glinda, the Good Witch of the North, Its
always best to start at the beginning. At the beginning should be your
goals and your plan to make them a reality. Without a set of goals and a plan
in hand, youll wander aimlessly trying this or that tactic, going from
feast to famine and back
again.
For some, a marketing plan might be just a page or two. For others it might be
a hefty document. Either way, it should contain some core information. The following
is the short form.
Your goals
What are you trying to accomplish with your business? Increase revenue? Build
a better mousetrap? Be tops in your field? All of the above?
Drafting your goals should be a thoughtful task. They should be meaningful, attainable
and measurable. Here are a few examples:
- Add three new clients per month
- Increase market awareness
by securing at least one press mention each quarter
- Create
a press kit by December 31, 2006
Your niche
Its been said that when one tries to be all
things to all people, one ends up being nothing to
everybody. Marketing
becomes a lot easier when you have a
well-defined target to focus in on.
Your niche needs to be big enough to be profitable, yet small enough so youre
not lost in a crowd of competitors. Plus, the prospects within your
niche must need and want what youre selling ... and have the cash to pay for
it. Thats important. You wont be able to sustain your business if
the type of prospects you target arent willing and able to fork over
the dinero.
Once youve found a niche or two, learn all you can about that market,
common challenges, who the movers and shakers are, etc. Being informed about
your prospects businesses and their industry increases your value, your
ability to accurately solve their
problems and your credibility.
Your value proposition
Your value proposition is what you bring to the table that provides
real value and benefits for your clients. It should also be something(s) your
competitors either dont or cant offer. It what differentiates you.
When you think about benefits, dont confuse them with features. Think about
what youre really providing. For instance, a feature might be
a speedy new computer and state-of-the-art software that runs like a jack rabbit
after downing a half dozen espressos. The benefit is fast turnaround
time. At the core of that benefit is saving your client time, less stress meeting
a
deadline and fewer woes from their boss.
Your benefits should focus on the core issues that hit home with people - creating
comfort, safety, reduce worry or anxiety, making them look good to their bosses,
etc. Its important to remember that even if your client is a large company,
you dont market to a company. You market to people. When you make them
look good, help make their job easier and less stressful, youre in like
Flint. Who the heck was Flint, anyway*?
The competition
A competitive analysis can get pretty complicated and time consuming. For an
independent or small business, you should at least have a good idea who your
key competitors are and what theyve been up to. Visit their sites, look
at their ads and other promo material you can get your hands on, read their news
releases, talk to your prospects and clients. Odds are, if your competitors are
any good theyve been in contact with the same folks you have.
Your action plans
With your goals in hand, its time to put together some action plans to
reach them. Your action plans might include creating a brochure or press kit,
writing articles and press releases, cold/warm calls, postcards or other mailings,
speaking engagements, etc.
Its critical that you do a couple of things. First, create a method to
remind yourself of what needs to be done and when. I use a contact manager with
alerts. If you dont have a software calendar/contact manager, at least
jot things down on a traditional calendar and put it up where youll see
it. Another low tech method is to simply write down what needs to be done the
next day on a post-it note. Then, before you end your day, stick it on your monitor.
The thing is, if you dont have a reminder system, youll forget
or put stuff off. The phone rings. The inbox jingles. Life happens.
Second, give a marketing tactic enough time to work. It takes time for things
to build up some speed. If something is obviously not working after a reasonable
amount of time, dump it and try something else. Different activities require
different testing windows. For instance, if you do, say, three mailings over
the course of three months and they havent generated jack, its probably
time to either rethink your message or try something else. On the other hand,
building up media relationships can take quite a while before you start to see
results. With some time, youll find those activities that are a good
fit for you.
Your budget
They say it takes money to make money. Thats true. Youll need to
be prepared to spend a certain amount to promote your practice. That might mean
shelling out some shekels for printing mailers, or printing up some fresh letterheads
and envelopes for a sales letter. If youre cash-strapped, youll
need to focus on low or no cost activities. These can be writing articles to
submit
to websites and/or trade publications, giving talks at business clubs, or simply
making phone calls.
Based on your action plans, set up a spreadsheet for each activity and break
them down into each element. For a mailer, it may include costs for writing,
photography or illustration, renting a list, printing and mailing fees, etc.
When your budget is complete, youll know what you need to spend and when.
Also, remember that you dont need all the dough from the get go. If youre
planning is sound, it will yield results new clients. The revenues from
the work will help fuel your marketing machine.
And there you have it. Pretty simply, eh? Now roll up your sleeves, sharpen
up that pencil and get to planning.
* The phrase originated as, In
like Flynn, a reference to actor, Errol
Flynns, ease in accomplishing cinematic feats. It also referred to his
somewhat colorful
and notorious romantic life, both on screen and off.
The phrase was modified as the title of the 1967 spy-spoof movie, In like
Flint, starring James Coburn. The title was meant to allude to the Flynn phrase.
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