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  • Archive for June, 2007

    Marketing Maxims for Today’s Challenging Times

    Friday, June 1st, 2007

    These are turbulent times for all businesses - necessitating streamlined marketing processes that are finely honed to mesh with today’s sputtering global economy.

    1. Don’t stop advertising because the economy is sluggish - increase it, as many of your competitors are foolishly slowing down and you can grab market share! Look at what Dell has done to Gateway in the last eighteen months - Gateway has lost 10-20% of their market share and are pulling in their horns, while Dell’s slice of the pie has grown bigger.

    2. Negotiate aggressively with media sources - its tough right now for online and offline publishers to generate advertising revenue and they are being forced to consider any and all deals. Note the number of “house ads” being run by major portals like Yahoo and Internet.com, 20-30% of their banner ads or sponsorship buttons are promoting their own businesses.

    3. It’s no secret that many ecommerce sites look like Amazon.com - it pays to mirror existing market leaders’ web site design. People always resist change and familiarity is one of key reasons why they shop on and offline in the same stores.

    4. Niche marketing has almost become a homily - but it enables your company to leverage your marketing expenditures and R&D costs by concentrating on a narrow market segment. ToolLogic, Inc. (www.toollogic.com) is a wonderful example of a company that created/found a niche and then dominated it.

    5. What’s unique about your company, services and/or products? When you understand this you’ve just created “brand uniqueness” - make sure you integrate these themes with all of your marketing; customers need to know what’s different about your company versus your competitors. Ben and Jerry’s Ice Cream (www.benandjerrys.com) did a wonderful job of developing brand uniqueness in a commodity market (ice cream) that enabled them to build a great company.

    6. A key attribute for any successful marketing campaign is repetition - your company may not have the marketing resources of an Intel (their “Intel Inside” campaign far exceeded their marketing goals) but you do need to repeat your message and reinforce the branding and market awareness by touching your market segment via multiple reinforcing marketing processes; i.e. search engine ranking, print, opt-in e-mail, radio/TV, sponsorship buttons, newsletter inserts, etc.

    7. Make it easy to do business with your company by offering pricing and terms of service that fit your client’s needs - Digit-Net technologies (www.digi-net.com) sells software and or ASP services to its customers by offering them terms of services that can be flexed to fit their needs, not the other way around.

    8. Switching costs are high in this challenging market - companies and individuals don’t want to change their habits, as this can cost them more money. So, figure out how you can adapt your products and services to fit their needs to minimize their switching costs. Then, communicate this effectively via all of your marketing processes.

    About The Author

    Lee Traupel has 20 plus years of business development and marketing experience - he is the founder of Intelective Communications, Inc., http://www.intelective.com a results-driven marketing services company providing proprietary services to clients encompassing startups to public companies.
    Lee@intelective.com

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    Voice Mail Can Be Your Buddy

    Friday, June 1st, 2007

    Voice Mail is a classy name for “answer Machine”.
    Problem is, people at home had answer machines
    long before most businesses. When the answer
    machine industry finally figured how work to their
    machines into business systems with more than one
    extension, they called it “Voice Mail”

    This article focuses on what you say TO the voice
    mail, not the welcome greeting you might put on
    your voice mail. You can leave two types of voice
    mail messages. A message to a person you already
    have a business relationship with, and a message
    to a person you hope to establish a business
    relationship with (a cold call).

    Most people don’t answer machines or voice mail.
    If you have an answer machine at home you have
    listened to that recorded silence while the non-
    speaking person breathes, then hangs up, having
    decided not to leave a message. Most answer
    machine message begin with a pause because the
    person on the other end was not prepared to leave
    a message and does not think on their feet like
    you and me. In business, the pause can kill you.
    Voice mail can be your buddy. Be prepared to meet
    it head on without a moment’s hesitation. Just
    like you worked out your one sentence unique
    selling proposition and practiced the quick draw
    of your business cards for networking, you can be
    ready with several canned voice mail message and
    not miss a second when the thing beeps at you.
    Time is money. You took the time to make the call,
    so you should make every effort to make it pay for
    off for you. What you say is what makes the
    difference.

    There is some research that says the average
    executive gets over 300 messages (mail, eMail fax
    and more) each day, not to mention the bombardment
    of advertising messages from billboards, TV,
    radio, cable and newspapers. That’s a lot of
    clutter to penetrate. And if your message is ho
    hum, or starts with a pause… fahgettaboutit!
    Your message must attract attention right off or
    you go down with the delete button. Leaving
    messages for friends and family is a snap, a
    spontaneous act. Not so at work. You need to
    prepare your message.Be ready before you dial.

    What do you say? You have to plan this in advance.
    Scripting is not a bad idea. I am not saying you
    should read from a script, but if you write and
    organize what you are going to say and read the
    script out loud enough times, it will sound like a
    natural when you recite it to the machine. Just
    like you rehearsed your Unique Selling Proposition
    (USP) so you don’t have to remember, it just comes
    out naturally when someone asks “What do you do?”

    I know of one eager saleslady who recorded her
    voice mail response on a little cassette machine
    hooked to her phone with a Radio Shack interface.
    When she gets the tone, she pushes the play button
    and sends it down the line. Another sales type,
    (let’s call him “Bif”) had a guy at the radio
    station do up a fancy 30 second commercial
    complete with production effects and music. There
    is a line you cross and Bif may have crossed it.
    Goals Your message should be targeted at building
    credibility, so when you call again and the party
    is in the office, you can get through.

    How can you build credibility with a voice mail
    message? For starts, you don’t leave a lot of
    ahhs, gulps, and uuhs. When you begin without
    hesitation, in a clear, concise, upbeat manner you
    are telegraphing a positive image of knowledge and
    confidence, even when you get the “unexpected”
    voice mail prompt.

    As you deliver your rehearsed script over and
    over, take care not to speed though with little or
    no emotion in your voice. Remember how you feel
    when the place you call is answered by a bored,
    unhappy receptionist who speeds through the spiel
    with the “I don’t care if you can’t comprehend
    what I am saying” attitude. Your Voice mail pitch
    must be warm, and slow enough to sound as if it is
    coming from your heart, not your recorder on high
    speed.

    Here are BIG Mike’s Tips for leaving effective
    Voice Mail

    DON’T BE PREDICTABLE

    Everyone leaves the same tired message.You get
    tuned out the minutes it starts, Example of same
    ol same ol: “Hi this is Bif, we haven’t met but I
    thought I’d call to see if you would be interested
    in hearing about my new…” UGH! Make your
    messages so compelling folks have to call you
    back. And don’t drone on and on, make ‘em short
    enough to entice, but long enough to incite.

    IT’S NOT ABOUT YOU

    This phrase pops up in every aspect of marketing,
    from advertising all the way down to answer
    machine and voice mail messages, Its Not About
    You.

    Take a poll. No one cares about you. No one cares
    that your mug shot is 15 feet high on a billboard
    across town. No one cares if you are doing your
    own radio commercials and sound worse than the
    high school announcer. No one cares if your
    dealership has sold more cars than all the dealers
    in Central Montana. And NO ONE CARES when you
    leave a message about you, or your company. Its
    not about you. WIIFM.

    WIIFM is not a radio station, is the acronym to
    remind you they don’t care about you, instead they
    ask “What’s In It For Me?” WIIFM??

    SELL THE BENEFITS

    The key ingredient for successful sales and
    marketing works for effective voice mail as well.
    What can you say that will lead the listener to
    know and believe that you have something of value
    for them? Prospects return calls if you convince
    them you may have something they want…and, soon.

    ASK FOR THE ORDER

    Voice mails have been asking callers to “Leave a
    message” for years, yet fully three quarters of
    those who do respond to the beep only leave name
    and phone number.

    Your voice mail message gives you a perfect
    opportunity to call for action on the part of your
    listener (Remember you are competing with 300+
    messages and the horrid reputation of telephone
    sales pitches (telemarketers).

    Go for the close with a call for action. Ask them
    to do something. To Call You, To be on the lookout
    for a package from FedEx. To check records to see
    if you are not right on target. Ask and you’ll
    get.

    Voice mail response can be an effective sales
    tool. Voice mail is one of many tools the
    professional uses to get the job done, right

    ©2005 BIG Mike McDaniel All Rights Reserved
    Mike@BIGIdeasGroup.com
    BIG Mike is a Professional Speaker and Small
    Business Consultant with over 30 years experience,
    http://BIGIdeasGroup.com

    Subscribe to “BIG Mike’s BIG Ideas” Newsletter
    MailTo:subscribe-956603364@ezinedirector.net

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    Why “Instant Gratification Marketing” Condemns Businesses To Losing 90% Of Their Potential Customers

    Friday, June 1st, 2007

    Most businesses target only people “ready-to-buy”. These hot prospects are “Now Buyers” because they’ve been inching closer to a decision for some period of time. They’re just about ready to spend cash. Advertisers target “Now Buyers” because the pressure is on to make sales immediately. And, they know these prospects are most qualified, from a timing standpoint.

    The selling situation gets more complicated when similar products or services are offered by competitors. Typically, buyers cannot differentiate one provider from another. So, the
    final decision eventually defaults to (lowest) price.

    Two problems are operating concurrently:

    1. The advertiser has failed to convince the buyer exactly why they should buy from them specifically.

    2. The advertiser has failed to understand human nature and the mental process a prospect goes through before making the purchase. Consequently, the marketing approach is too narrowly focused. This results in missed sales opportunities.

    Fortunately, both problems are easily solved by a single strategic approach.

    Any buying decision follows a series of educational events experienced by the buyer. Depending upon the actual product or service, time-frames can perhaps be as short as a day or two for minor purchases to as long as a couple of years for major purchases. Actual time aside, these milestones are reached before any final purchase. I call this series of educational milestones as Points A to Z Along The Educational Spectrum.

    At point A, the prospect gets the first idea to buy what you sell (or to switch vendors). At point Z, the prospect becomes your customer and money changes hands. In between, your prospect goes through an educational process.

    As a vendor, you need to participate and facilitate that process. It’s your job to educate your prospect with enough information on an ongoing basis. And, you do this by incorporating, every step of the way, the Marketing Equation, as outlined in other MYM On-Demand newsletters and programs.

    With each contact point you make, you attract the attention of your prospects, engage them, then provide them with relevant, important information that builds a case for your product, service, and business. The information should be complimentary, fulfilling the prospect’s response to your risk-free offers.

    Education can be presented through letters, post cards, emails, reports, fact sheets, comparisons, newsletters, e-zines, white papers, videos, CDs/DVDs, web sites, seminars, webinars, digital video streaming, personal contact, etc. The important concept to remember is to make these “touch-point contacts” on a periodic basis without fail.

    This does several things. It endears the prospect to you because you’re seen to be extremely adept at helping with the decision-making process. Also, you position yourself as the well-informed expert. Most importantly, you’re perceived as someone who truly understands your prospect’s situation.
    This means you’re best situated to help solve the problem, fill the need, or meet the desire.

    Here’s a question for you. Do you focus on just “Now Buyers”, who account for only 1% to 5% of all prospects, or do you target “All Buyers”?

    Don’t abandon the plum tree just because some of the fruit is still green. Nurture your prospects.

    After they respond to your ad, make the effort to keep in touch with them, for as long as it takes to convert them to a sale.
    Collect their contact information and develop an automated hopper system. Understand that every prospect you meet is somewhere between A and Z along the Educational Spectrum.

    It’s your job, as a strategic marketer, to guide them, I like to say, “until they buy or until they die”. Your available target market is bigger than you think. This process will insure that the huge pipeline of “All Buyers” flows right towards your business so you can monopolize your marketplace.

    Good luck with your marketing efforts.

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