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SIX SIMPLE THINGS YOU CAN DO RIGHT NOW TO MAKE MORE MONEY FROM YOUR MARKETINGAnyone who tells you they're not interested in squeezing more money from the marketing they buy is crazy and ought to be put away. But that's not you of course... YOU want to get all the benefit you can from your investment. Which is why I'm giving you these ten handy suggestions you can start implementing TODAY!#1 Review Your Marketing Program, Scrutinize ResultsToo many businesses are sleepwalking their way through marketing. Why are things done the way they are. Because they've always been that way! Do they work? Do they produce results? Does anyone know? Does anyone care? These key questions are unasked... and as a result hundreds of millions of dollars are wasted because no one is willing to act out the role of the small boy in Hans Christian Anderson's immortal tale and report that the emperor has, indeed, no clothes. Thus, my first, two-part suggestion. Sit down at your computer and list every last marketing thing you do, including:
The next thing you'll need to list is WHAT HAPPENED; that is, who responded and what happened then. Did you get a client? What did the client do? How much money did you make? How much did you lose? By now you're probably groaning. You're trying to tell me you don't have all this information; that the details aren't readily available; that no one kept them in the first place; that you're not even sure what you did in the first place. My friend, out of this chaos comes your new, improved, leaner, meaner, more effective marketing program! Now it's time to do two things:
#2 Maximize What's Effective, Cut Out What's NotYour scrutiny, unless it turns up more holes than Swiss cheese, and your clear arrangement of the necessary marketing data will immediately suggest two courses of action: maximizing what's working and deleting what's not.Take one of my clients, for instance, a community health organization. They launched a program to telephone area physicians' offices to increase their physician referrals. After calling 100 local physicians and tracking results, they were able to see that this systematic contact, with immediate written follow-up, was profitable. Deduction? Given the fact that this 100 physicians represented less than 10% of the physicians in their service area, the obvious deduction was to increase the program and reap further benefit. Note: one knucklehead in the organization didn't agree. Even though she was forced to admit that the program was making money, she opposed any enhanced version of the program. Why? "Because we have such a good program, I'm sure that the docs and their assistants will hear about what we're doing and find their own way to us. We can save all this money!" If life were fair, we could boil this nit-wit in her own limited brain fluids. But it isn't... and so we have to ridicule her here instead, anonymously! One sad insight I've come to after many, many years working with personnel in both the for-profit and not-for-profit sectors is just how many people are averse to productive systemizing. This just doesn't make sense. Everyone... whatever kind of business you're in... has to spend time discussing the profit-making process. That is, discovering those processes that predictably return money on a regular basis. Warning: real marketers are process fanatics. This is why they are constantly at work tinkering with every marketing gambit to find out whether it's working, how well it's working, whether it can be improved... or whether it should be junked. In the final analysis, marketers firmly understand that you can only achieve the most exalted results by adhering to the most rigorously productive systems... and they're willing to do everything that's necessary to both gather and analysis the date to ensure this result. #3 After You See What's Working, Plot Out Rigorous Means For Improving It, Enhancing ResultsTake the illustration above about the community health organization wishing to improve referrals from local physicians offices. Knucklehead aside, most people at that agency involved in the process of improving its marketing understood that their telephoning to currently non-referring physicians made sense and should, therefore, be expanded.But how? Once you know what's working, it's not time to hare off after something entirely new, untried, experimental and, let it be stressed, risky. It's time to maximize the good results and make them better. This means brainstorming productive options. In the illustration above, the following marketing extensions make sense:
#4 Doing What's Necessary When Your Scrutiny Shows You A Marketing Activity That Doesn't WorkI'm putting this here for the slow of uptake. What do you do when your scrutiny reveals an unproductive marketing program, particularly when you have scarce resources and need to be acute about targeting them effectively? Why, m'dear, you KILL IT ROOT AND BRANCH! Marketing is not a sentimental game; that's because markets are rough and unforgiving. Just because you've put out a newsletter every quarter since Grandma Moses rocked doesn't mean it should continue indefinitely. I think, for instance, of one child welfare organization I'm familiar with which sends me a copy of their newsletter four or five times a year because I once gave them $25. The newsletter itself is an embarrassing piece of work. It's full of fine sentiments but from a marketing standpoint is a complete wash-out. And as for sending it to a donor who make a small contribution an eon ago simply in the hopes that I might do so again an eon from now, why, THAT MAKES NO SENSE AT ALL.Although a conservative man myself, I tell you this: tradition, things done just because "we've always done them this way", and all the other hollow catch-phrases used by vacant "marketers" thereby indicating that they don't know their trade, are entirely inappropriate in a productive marketing program. That's why you must institute an internal "sunset review process" for every marketing activity you engage in... and be rigorous about weeding out what doesn't work anymore, no matter how long you've done it! #5 Change The Focus Of All Your Marketing CommunicationsBill Clinton made a real improvement in corporate America by holding a gigantic bonfire in the Rose Garden fueled by all the selfish, condescending, pointless "marketing" communications so expensively and pointlessly produced by legions of incompetent "marketers". Chances are your own marketing communications should probably be tossed into the towering inferno first! Take a quick look at your standard brochure... or your last flyer, media release or business proposal. Do you see things like:
They are, whatever your intentions, self-glorifying, pompous, packed with pretentious diction and one unauthenticated assertion after another, laced with jargon and condemned by "me-centered" myopia. Yet you dare to think you are a cool hand in the marketing department! Right now, your entire marketing program could be splendidly improved by basing everything you produce on these four magnificent words YOU GET BENEFIT NOW! The "you" would remind you at all times that the only important person in the marketing equation is the person you're talking to, the prospect, the client, the customer, the patient, however you name this crucial being. You, as marketer, only count to the extent you do what's necessary to motivate another human being to take faster action. In all other ways, you're completely unessential! The word "get" is there to tell you that people want something from you. They want to get, have, enjoy, profit from, experience -- and all the other verbs indicating an enhanced situation. Your job is to be the agent who transfers the bettering thing from yourself to the recipient. The word "benefit" reminds you that this bettering thing, this benefit is what marketing is all about. Your prospects, your clients want to be comparatively better off after being touched, served, assisted, helped by you. They don't want to know who you are or how long you've been in business... or the fact that you can spin out your John Hancock with a dazzling array of alphabet characters after your name. They want to know what BENEFIT they'll be getting from you. And they want to know about it in all the often lurid description you can manage. Finally, the word NOW! should remind you of when your prospect wants the motivating benefit you've fashioned for him. Americans have always been a restless, pushing, joke- cracking, ego-busting, what-have-you-done-for-me-lately kind of people. We want things and we want them NOW! That's why I always write the word in capital letters and increase its force with an insistent exclamation point. In business, you should be doing EVERYTHING POSSIBLE to motivate people today... and you should feel ashamed of yourself if you turn out ads, flyers, cover letters, brochures, proposals and all the rest of your marketing communications with doing what you can to stimulate ACTION NOW. Is this all you need to know about improving your expensive marketing communications? Of course not! But just these four words will help immensely. They'll force you to reorient not only your marketing communications but entirely rewire your brain. You'll be forced to be client-centered, you'll be forced to give up wasteful "me-centered" thinking. You'll be forced to think about whether the words you're using, the graphics you've employed, the colors and layout will either help motivate your clientele... or whether they should be jettisoned as merely pleasing to you, the person who counts for the least in the marketing you do! #6: Get Yourself A Laser Printer, Cut Your Toner Cartridge Costs -- And Put The Money You Save Into More Client- Centered Marketing GambitsOne last thing. Take a look at the printer you're using. Are you still fooling around with a dot matrix printer. That's so 'eighties! The kind of printer you need should be a high- quality, fast-printing laser printer. Every reputable laser printer on the market today enables you to produce both marketing communications, labels and envelopes with a quality that you can't come close to with a traditional dot matrix printer. If you're serious about improving your marketing, you need to be turning out materials that are impeccably professional! You just can't do this with a dot matrix printer.Personally, I use a Hewlett
Packard Laser Jet III -- and
absolutely love it. It has
cut down on the amount of time
required to print all my
marketing communications... and has
vastly increased the
aesthetic quality over the old dot
matrix. However, laser
printers, although not expensive, do
cost more than dot matrix
printer. Don't be penny wise and
pound foolish here! Laser
printers will cost you only a
couple of hundred dollars
more and save you lots of time as
well as increase the
quality. You can get a Hewlett Packard
Laser Jet. ConclusionThe steps that I've provided for you here don't take a lot of money. They don't even take a lot of brains. But to make them work you must...
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