|
Here are points to be addressed by a marketing strategy.
- Goals. You need measurable goals in
order to know whether you're effective. (How many new
customers? How many new inquiries? By when?)
- Information flow. Distribution of
information necessary for marketing must avoid
bottlenecks and points of failure.
- Budget. (Is there a budget for
marketing efforts? With how much advance notice
is it decided? Where does it go?) Marketing
should have a small pot to work with directly to
go to lunch with a media rep or prepare business
cards. But more important than that is a budget
policy. For instance, do you track customer response
to marketing initiative? And compare response to cost?
- Product pricing. How do you do it?
- Trade shows. There must be
sufficient notice to prepare press releases and
schedule media events.
- Press releases. Have you
established relationships with any press contacts?
Such relationships can lead to priority treatment
for your press releases.
- Customer satisfaction and fulfillment.
If you have repeat or scale-up customers, do you know
why? Do you maintain testimonials? Do you offer
customers an incentive for referrals or testimonials?
- Reseller involvement. What sort
of marketing are resellers doing? What incentives do
you offer them? Are you actively seeking other
resellers? If so, where are you looking? Do you
invite them to participate with you in trade shows?
- Web site traffic. Do you have
the tools to monitor it? Do you know what to do
with that information?
- Industry trends. Is everybody
monitoring the trades to find out what's going on?
You could assign individuals certain trades, to
prevent "reinventing the wheel," and summarize
for everyone.
- Authority suited to responsibility.
Those responsible for the marketing strategy must
be allowed some freedom to pursue it, and must be
given the tools (especially information and budget)
to do so.
A good marketing plan, like a business plan, maps out
strategy, using plenty of numbers (in graphs and tables,
of course) to establish the advertising budget. It
includes the publications you'll use, with contacts
in an appendix.
Inexpensive marketing tools include
- business cards
- stationery
- brochures prepared on your PC
- a customer database
- local newspapers, if your customers are local
- trade magazines (though you will often find that one
large, expensive ad in a good magazine is more
cost-effective than several smaller ads in less
expensive ones)
- professional and business organizations and
business networking groups
- joint ventures with vendors and resellers
- hosting seminars and workshops
Using your Web site as a primary marketing tool
means you must
- make sure the site is working
- select appropriate keywords and use with a META tag
- list the site on search engines and indexes
- write a GOOD description for Yahoo
- consider joining a "pay for hits" service if your
customers are highly specialized
- list your Web address on all other materials
- assign a "Web gardener" to update content and weed
out everything that's out of date
References
The Womens' Online Business
Center has a wonderful tutorial on marketing plans.
selfpromotion.com
is the best tool I've seen for moving Web sites into
marketing tools.
What You Can Do
- Study your competitors. Your
marketing should stand out from the competition.
Ask yourself
- Why did they pick THIS journal over another?
- What did they emphasize? (e.g. price, performance,
humor, applications, etc.)
- Would their ads appeal to our customers?
- How much are they spending on advertising?
- Are their ads well-placed?
- Spend your money carefully. Large
ads in better trades, for instance, will be noticed
more frequently than a greater number of smaller ads
in smaller publications. Press releases get higher
priority from advertisers as well.
- Take advantage of "beta testing."
The First Law of New Technology is "nobody wants to
be the first to buy it." You can get them to take
it free now and buy more later.
- The product must be pretty much bug-free.
- You must make sure the customers actually use it.
|