9 Marketing Lessons to Grow Your Business In Any Economy

Let’s get right to the lessons:

FOLLOW UP!!!

FOLLOW UP!!!

  1. Follow up.
  2. Follow up.
  3. Follow up.
  4. Follow up.
  5. Follow up.
  6. Follow up.
  7. Follow up.
  8. Follow up.
  9. Follow up.

Studies of sales practices continue to show that most salespeople don’t follow up more than one or two times after making a presentation or giving a quote.

Marketing is no different.

Most businesses will attempt to deliver one or two marketing messages and rarely follow up afterward. Unfortunately, one or two delivered messages will rarely produce tangible results.

We live in a world where people are bombarded by marketing and sales messages every day. So it’s unrealistic to expect one message — no matter how creative the graphics or how great the sales copy — will make it through that clutter.

Our logical minds would tell us that if our target audience wants the product or service we’re selling, they’ll take us up on the first offer we provide. But that’s not how it works in real life.

The reality is that most people’s busy, scattered lives often get in the way of acting on an offer, even if they had every intention of doing so. Whether we like it or not, the rules of the game have changed. For better or worse is debatable.

So what’s the solution? 

Follow up. How many times? Start with two or three, and build from there.

Customers don’t always go for the lowest price. They buy from whoever they perceive will provide the best option. Businesses that communicate their value proposition regularly capture most of the attention and position themselves as the most obvious choice. By doing so, they make the buying decision easier.

Can you follow up without being a pest or nuisance?

The best salespeople aren’t pushy, but they are persistent. They present their case by providing valuable information so the prospect makes the best decision. That’s how your messages should be presented — useful information without the hype.

To get your messages read by your best prospects and your cherished customers, you must deliver them consistently and across several marketing channels. For most businesses, a combination of print, email, social, and web-based messages works effectively.

So what makes an effective follow-up marketing plan? Start by creating a compelling message that would have value for your audience. Spread that message across the most effective marketing channels for your business. Do it consistently. Rinse and repeat.

Following up on your marketing messages will make you stand out the same way as the salesperson who doesn’t give up after one presentation or quote. In the end, you’ll become the most logical choice when your prospect is ready to make their purchasing decision.

Please Don’t Ignore Me

marketing-budgets

The bulk of marketing budgets is often reserved for acquiring new customers. Much energy, time, and money is spent pursuing prospects that have a marginally small chance of ever becoming a customer. There’s a flaw with this strategy.

The simplest and most effective way to boost your bottom line profits is to remember who brought you where you are today: your existing customers. If you aren’t consistently advertising and staying in touch with current and past clients, you’re missing out on the best way to continually grow your business.

For every month that goes by without making contact with your past and existing customer base, you’ll lose up to ten percent of the clients you’ve worked so hard to acquire. Retaining clients is therefore an extremely important business growth strategy.

Selling your services to new customers means earning their trust. It takes hard work to build this trust. When a prospect becomes a customer, you have only begun to earn their trust. You cannot expect to maintain that trust without consistent, frequent contact that adds some value for the customer.

One of the best ways to maintain and build that trust is to communicate regularly via a newsletter. An effective newsletter has a mix of about 80% infotainment (fun and informative content that may not have anything to do with your particular industry) and 20% information about your business or industry.

The recent trend of companies switching to all digital email newsletters is now reversing with the realization that actually getting the emails opened and read is far more difficult than many were led to believe. Also many survey respondents favor a printed newsletter that they can hold versus one more email that clutters their already overfilled inbox.

Sure, email newsletters are inexpensive and require no postage, but there is a cost involved when the recipients never see or open the messages. By contrast, a printed newsletter is still one of the most powerful and cost-effective ways to stay in front of your customers without overtly selling them.

The Lifetime Value of a Client

Perhaps one of the reasons past clients are ignored is because some business owners don’t really know the lifetime value of a client. An existing client who is treated right, is not ignored, and is communicated with on a regular basis will not only return to do more business themselves but will also refer your company to those around them. Therefore the actual lifetime value is often five, ten, twenty (or even more) times the value of an initial sale.

That’s the power of relationship marketing and the reason why your existing customers should get the bulk of your marketing budget. If you treat your existing customers well and communicate with them on a regular basis, you may not need to chase as many prospects as you have in the past.

To learn more about defining and understanding your lifetime customer value, please visit: http://hbsp.harvard.edu/multimedia/flashtools/cltv/ (requires Flash).

Please Don’t Buy!

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One of the most important steps you have to take in order to attract ideal customers and grow your business is to actually know who those ideal customers are. That’s the first step that many understand. But there’s another, less understood and talked about step you should also consider, and it begins with a question:

What kind of customer should you repel?

That’s right. You need to figure out what types of customers you don’t want to attract and do business with. As counter intuitive as that sounds, it can be just as important as knowing who you want to attract.

The 80/20 rule tells us that in most businesses, 20% of the customers provide 80% of the profits. Knowing who you want to attract can help you greatly improve the odds of increasing the ratio.

At the same time, most businesses also have to deal with a percentage of customers who create the most headaches while providing little profit for the business. Knowing who you want to repel should help reduce the impact this group will have on you.

Knowing the types of customers you want to repel will have many side benefits besides simply increasing the bottom line. It will improve employee morale since coworkers will not have to deal with as many problem-causing customers each day. It will also allow you to spend more energy and resources on the customers who actually provide the most value and profits for your company.

Go through your existing customer list. Pick out the customers that provide the most headaches and the least profit for your company. Figuring out how to repel this type of customer could be as simple as raising prices enough to either make them not want to do business with you or, at the very least, make the pain of dealing with them more profitable and bearable.

The benefits of knowing what types of customers you don’t want can prove to be nearly as important as knowing who you would like as a client.

Web@Work Tutorial Series: 01. Your Website and Basic Terminology

by Scott Prindle

Introduction

This is the beginning of an article series that is focused on teaching you how to use the backend of our websites. We’ll be starting out with the simple tasks of editing content and moving to more advanced tasks as the series moves forward as part of the educational process. If you’d like to subscribe to these articles, please sign up for our Web@Work newsletter.

Some of the topics may address newer aspects of our websites such as responsive design layouts and content templates. Not all of our websites are capable of some of the newer fancy features and I’ll make note of this in each article so that you don’t needlessly read something that doesn’t pertain to your website.

If you’ve made a website with us in the past year or so, however, most likely all of these features will be available on your site. If a specific feature isn’t available with your site’s version, we’d love to discuss updating your CMS with the latest and greatest that our platform allows.

Our first article will be focused on introducing you to the basics of our websites and some of the terminology that as a web geeks use.

Your website and gaining access to under the hood

Your website is built on a content management system (CMS for short), a platform that allows non-technical users to manage a website and its content without the needing coding/programming knowledge. It operates much like a program on a computer does, but operates entirely in the browser from your website’s server and has features that make content editing easier for the layman.

When using a content management system, there will be a separation between what the public sees of the website and what you, the website manager, will see. This is what we term as the frontend and backend of a website.

The frontend of your website is any part of the website that is publicly viewable. Your website pages, blog articles, etc are all part of the front end of the website.

The backend of the website is the centralized part of the website where you manage it. It is not a publicly viewable area of the site, and is password protected in almost all cases. This term also refers to more of the backend that most clients don’t see (the server, the database, etc.), but whenever I’m referring to it, I’ll be referring to the behind-the-curtain application of the CMS.

Most of the time the backend can be accessed by going to a specific address in your browser (such as www.yourdomain.com/admin) and logging in using the account access information for your website. This will be specific to your website, and you can refer to your website records for this.

WYSIWYG Editors

Most content creation/editing on our platform will be made in what is called a WYSIWYG editor. WYSIWYG stands for “What You See Is What You Get”, and these editors purpose is to interpret how you interact with its interface and output it as best it can into code that will display as if you’d written the code yourself.

TinyMCE is the specific editor that our sites use and most of our articles will be focused on teaching you how to adequately use this feature, as most of a client’s time will be spent working in it.

Conclusion

On our next lesson, we’ll introduce you a little more on the backend of the websites, what the different sections of the backend are, what they do, and how you can utilize them. This is a beginning series, so if you have any suggestions for things you’d like explained, please feel free to email me, and I’ll make sure to incorporate your feedback into explaining things down the road as this series flourishes.

Thanks for reading and I’ll see you in the next installment.

What’s Your Call to Action?

Call to action conent tips

Every marketing piece should have a call to action that helps direct the reader to the next step.

Whether you want them to click a link, download a file, or contact your business, here are a few tips to ensure your call to action gets noticed and utilized:

  • Keep it short and simple using action verbs, such as call, buy, register, donate, or subscribe.
  • Be specific about what you want readers to do. For example, if you want customers to contact you to set up an appointment, don’t just say “contact us.”
  • Make it easy for readers by using a direct shortcut link to your sign-up page or order form, versus sending them on a wild goose chase through your website.
  • Create urgency with a deadline such as “offer expires May 31″ or “order now and get a free gift!”
  • Include a benefit for contacting you. Instead of saying “Download our whitepaper,” say “Expand your customer base with these 10 tips.”
  • Popularity sells. If your information is high demand, consider including the number of times a document has been downloaded.
  • Build trust by including customer logos or relevant testimonials near your call to action.
  • Provide your call to action multiple times throughout your website or marketing materials.
  • Size and location matter. Make sure your call to action is easily visible and prominently located so readers don’t miss it.

We’d love to help you create marketing materials that get noticed and increase sales. Check us out online for more creative ideas or to request a printing quote today!

Are You Doing Too Much?

are you doing too much

Once a business is established, it’s common practice to add products and services in the name of diversification and the desire for more profits. It’s a wise business move to choose products and services that will appeal to customers you’re already doing business with.

But what’s the point of diminishing returns? When does adding more products become less profitable or even start losing you money?

Lego is known for its beloved interlocking toy bricks. The company has been around since 1949. You and your children have probably built many fun projects using their colorful, iconic blocks.

As with many other successful brands, Lego decided to diversify. The Denmark-based company added games, movies, clothing lines, and six themed amusement parks (Legoland). Lego added many new colors to the primary colored bricks originally available. Costs were added at a much higher rate than new profits to pay for all this diversification.

The once very profitable company began bleeding red ink. A new CEO (Jorgen Vig Knudstrorp) was brought in to fix the problem. One of the first questions he asked was this: “What do we need to stop doing?”

Beginning in 2005, Lego sold the theme parks and whittled down half of the brick colors. They became more efficient and creative at doing what they were good at by concentrating on less rather than more. By the end of the same year, Lego was profitable again.

Sometimes the answer to doing more is to actually do less. Doing less frees up time and resources to concentrate on the key products and customers that bring you the bulk of your profits. If you have too many services or products, start considering what things you should stop doing, so you can focus instead on what really matters.

If Sales Are Slow…

slow

If Sales Are Slow…

You’ve probably heard the saying, “People like to buy, but they don’t like being sold to.” But you may wonder what it really means.

It means that people are buying what you sell. It means people are spending money. But it also means that people are only willing to open their wallets and part with their money if one condition is met first. That condition is met when you’ve presented a clear value proposition.

Wikipedia defines a value proposition as “a business or marketing statement that describes why a customer should buy a product or use a service. It is a clearly defined statement that is designed to convince customers that one particular product or service will add more value or better solve a problem than others in its competitive set.”

In plain speak, this means a prospect won’t buy from you until the value of your products and services is clearly presented in such a way that the decision to buy is second nature. This value must also be superior to what competitors are offering.

This value proposition doesn’t mean lowering your price or being the cheapest in the marketplace. That’s typically a losing value proposition. A winning value proposition is one where you add benefits that others can’t or won’t match.

Once you’ve defined your winning value proposition, it’s time to clearly communicate that statement with your audience via all of the marketing and sales channels available to you.

Sales will improve dramatically once you’ve articulated a clear and powerful value proposition. You’ll know it’s the right one when your prospects feel like they’re buying from you, not just being sold to.

About Your About Us Page

about us on the website...

About Your About Us Page
One of the primary reasons a prospect comes to a website is to learn more about a business. The prospect wants to learn not only what you do and how you do it but — more importantly — why you do it. There are many competing businesses in your industry and community. Statistics have shown that one of the most visited pages on any company website is the About Us page.

Why is that? Whether you are a B2B or a B2C company, your prospects are people first. So it’s natural for them to want to know more about the people behind the company they’re considering working with. Prospects hire the people in the business, not just a faceless company.

Unfortunate Reality
The sad truth is that most company About Us pages are filled with industry jargon. Or they’re carbon copies of all the other websites in their space. This makes them boring to read and easy to bypass quickly.

Clues

You know you’ve landed on one of these About Us pages when the page is filled with boastful claim after boastful claim. You see words like “industry leading,” “unique solutions,” “award winning,” and “innovative brand.” With eyes glazed over, most visitors can’t exit these pages fast enough.

People want to learn about people. They already know about what you do from the other pages on your website. The About Us page should focus instead on why you do what you do.

How to Fix It

If your About Us page has these issues, the good news is it’s not difficult to fix. You need to get a pen and pad of paper. As you sit to think about re-writing the page, don’t be afraid to let some personality shine through.

Your About Us page is a selling tool. To sell more of what you do, you have to get the visitor to establish a bond with your company and trust you. To establish this bond, you must let the visitor know the people behind the company. A big part of your brand is your company culture. Your About Us page is an opportunity to tell visitors your story and what your culture is about.

Here are eight ideas to think about as you create the content for your About Us page. Weave them into your brand story.

  1. How did the company start?
  2. Why are you in this business?
  3. Avoid all hype and jargon.
  4. Say what you want to say in as few words as possible.
  5. Include a few testimonials from happy clients. It won’t seem boastful if others do the advocating on your behalf.
  6. Make it personable and interesting. Don’t be afraid to show the human and vulnerable side of your company. Your visitors aren’t perfect people either. So showing this side of your business allows your brand to connect and build a bond.
  7. Invite visitors to connect with you in other online places where you’re active (LinkedIn, Facebook, blog).
  8. Tell them where to go and what to do next. This is the “call to action” part of the page.

Tell them not just what you do and how you do it. Instead, tell the visitor why you do what you do. Your About Us page is the perfect place to share that message with the world.

Email versus Direct Mail Marketing: Which Works Better?

Email or Direct Mail?

Email or Direct Mail?

As more businesses and marketers have turned to email marketing, it is fair to wonder if direct mail marketing still works as effectively as it once did.

Email marketing is a good way to stay in touch with customers and prospects. Just like social media marketing, it has its place in the marketing mix. However, a downside to the massive increase in marketing emails is that only an estimated 19% are even being opened (according to the Direct Marketing Association).

Direct mail marketing still works, and it works very well. However, marketers cannot just create any type of campaign and expect it to be successful. Here are some tips and suggestions from the pros:

  • Keep specialized lists, and target each with the right message. That means no mass-mailing everyone the same message and offers. This requires a bit more preparation but will generate the best responses because you are offering the right message to the right audience.
  • Instead of mass quantity, think quality first. Fewer, better-targeted and better-crafted mailing pieces are more effective than regular, lesser-quality pieces. Print & Copy Factory offers Variable Data Printing, which is very smart and effective way to target your key prospects.
  • Think lumpy mailings. People still enjoy receiving freebies, so include a logo pen, pencil, tiny Frisbee, mini-DVD, or mini-CD card with your contact info on it. Although these types of mailings can be more pricey, the retention and response rates can pay a handsome ROI on the investment. Check out our promotional products website, with over 800,000 items you can imprint your logo on!! www.YourMarketingResourceCenter.com
  • Be creative. People still enjoy programs that offer discounts or a gift with repeat purchases. Set up a loyalty rewards program that ties a buyer’s repeat purchases with discounts and rewards. Then announce it with a direct mail campaign.

Head to the link below to learn more information from the Small Business Administration (SBA), or sign up for a free direct mail class that we offer every month… Then start setting up your next direct mail print campaign with Print & Copy Factory today!

3 “Old School” Marketing Tactics that Still Matter

Content Marketing: An Age-Old Strategy that Still Works Today

Content Marketing

Content Marketing

Content marketing has become one of the buzzwords in the business marketing world. Many claim this is a new way to market. That is not correct. Providing valuable content to lure prospects and visitors has been around for a while. The distribution channels for this content may have expanded recently, but the strategy has been around for many years.

One case in point involves a tiny electronics firm in Seattle. The company opened in 1954 as Magnolia Stationers and Camera Shop in the Magnolia Village shopping district of Seattle. The owner, Len Tweten, loved music, which eventually led him to move the business into the world of high-fidelity audio. This transition over time also prompted a business name change to Magnolia Hi-Fi.

High-quality products and commitment to service were just a part of the overall plan to grow the business. Being a small business with no real marketing plan or budget, Magnolia Hi-Fi decided the best way to differentiate itself was to educate prospects with valuable information about the Hi-Fi world. To do this, the company introduced stereo buyer’s guides (over 30 years ago), which provided educational content and answers to commonly asked questions on buying audio equipment.

The buyer’s guides set Magnolia Hi-Fi apart from the competition. They also positioned the company as leaders and experts in their field in the eyes of their audience.

Did this content marketing plan work?

The tiny store grew into a small chain, which was acquired by Best Buy in December of 2000… for $87 million! In 2004, the Magnolia brand was incorporated into Best Buy as a store-within-a-store, known as Magnolia Home Theatre.

Content marketing works. It works best when you use multiple channels to distribute and share your content (print and digital work in perfect tandem for this strategy). Creating valuable content your prospects are looking for takes some work and resources. But don’t overlook the rewards that can come from that work. It may not net you $87 million, but it can prove to be nearly as valuable.

You can read more of the details behind this remarkable story here.

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