Wednesday, July 19, 2006

Smart Business Owners Advertise with Two Things in Mind

The marketing field is flooded with sources and experts. How does a business owner weed through these sources - and all their advice - to find someone who can help grow businesses effectively and affordably? Smart business owners always advertise with two things in mind: 1. The Ten Commandments of Marketing; 2. The Ten Commandments of the Bible.

The Ten Commandments of Marketing

1. Get a marketing plan. Even the simplest of plans can help business owners avoid wasting literally thousands of dollars and sometimes years of lost business growth.
2. A business owner’s main focus should be on growing business. Hire consultants to handle accounting, taxes, marketing or any other tasks that may distract from growing business.
3. Business owners should know their customers. Their customer is not they or their spouse or their best friend. They should constantly talk to real customers and test their message on them.
4. Pick a niche. No one is going to believe that one business or product is the best, the fastest and the cheapest. Pick one. And stick with it.
5. Advertise products’ benefits - not their features. Customers don’t care about the 786-megawatt superconductor. They just want to know how it’s going to save them time, make them money or improve their image.
6. Specialized products should be advertised through direct media channels. Products offering something for everyone should be advertised through mass media channels.
7, Keep words to a minimum. Enough said.
8. Generally, prospects need to hear or see a message at least nine times. Generally, prospects need to hear or see a message at least nine times. Generally...
9. Stay ahead of customers. Stick with what works, but watch sales trends.
If trends start changing, products and/or marketing mix may need a change.
10. Free advertising is the best kind. If something is really newsworthy, let the media know.

The Ten Commandments of the Bible

Being aware of the Ten Commandments of the Bible will help business owners select a good marketing specialist. Most marketing specialists probably can’t recite the Commandments. But they should know they frown on stealing, lying, cheating, and a few other things.

A good marketing specialist will ask a lot of questions; they’ll give some free advice; they’ll provide a very close estimate and guarantee to work within the estimated boundaries. In short, they don’t lie, cheat or steal.

Smart business owners listen to their gut instincts to find a good marketing consultant. A good one will ask a lot of questions about the specific business, its history, its successes and failures. They’ll ask where the owner thinks the business should go; they’ll give some free advice; they'll provide a very close estimate for the work they recommend; they’ll guarantee to work within the estimated boundaries. In short, they’ll care about the Client. If they don’t, move on. This sounds like simple advice, but it’s surprising how many business owners throw out these rules and don’t listen to their gut instincts.