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By Nigel Temple
If you don't have huge bundles of cash to spend on marketing, here are some ideas to make the money go further.
HAPPY CUSTOMERS provide the best foundation for any marketing campaign. Do whatever it takes to make sure that they love you to bits. In turn, this will of course generate repeat business, referrals, goodwill and a warm comfortable feeling in your bank manager's tummy.
Beat the recession - keep customers happy
Spread awareness through strong WORD OF MOUTH marketing.
NETWORK like crazy. After all, if this system works for leading politicians, bankers, entrepreneurs and scientists, it will work for you.
Your networking questions answered
Use PRESS RELATIONS to generate wider awareness for your enterprise. The smallest business (or business unit) can do this - if you focus on News Value, niche media and a few journalistic contacts. If you don't have PR experience, sign up for a seminar read a few books and/or hire a PR consultant to get you started. There are zillions of self employed PR consultants out there who offer a great service.
Writing an effective press release
A smart strategy is not to try to sell to everybody; even Coke™ doesn't do this (they don't sell to infants). Everybody has head of segmentation: very few companies and organisations follow this idea through. However - those that segment, steam ahead. This is worth really thinking about: why not have a half day brainstorming session focused on Who Are We Really Selling To?
How segmentation can help you win more business
Other smart moves include TESTING (make this part of your philosophy). Don't bet the farm on any strategy, until you have proof of what the market thinks of it. You may be the smartest person on the planet, offering a fantastic product or service. However, what matters in marketing is the individuals who comprise your marketplace. If they like your proposition, product, price, distribution and promotion - they will buy your stuff. This is why you've got to keep going back to them and finding out what they think.
At the end of the day, however, it is PERSISTENCE which counts. You've got to have the patience to build your business a step at a time; wait for your consistent marketing to sink into people's minds and to find out what works and what doesn't work.
Copyright © Nigel R. Temple, marketing consultant, trainer, speaker and author.