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Why
Marketing Fails; Why Marketing Works
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Each week, I hear from at least
one organization that tells me, "We don't do marketing, it doesn't
work." Probing, I learn the organization either placed a display
ad in the Yellow Pages that resulted in hundreds of unwanted calls or
it sent out a large direct mail piece that resulted in no inquiries whatsoever.
In some instances, the organization just hosted an extravagant open house
and the attendance was less than There are many reasons that the results of marketing efforts fall short of expectation. Quality Call to Action Market Segment The target market should be defined in your business plan. If a business plan has not been prepared, completing one should be priority No.1. Without a business plan, marketing programs (and the efforts of other disciplines like sales, product development, production, and recruiting) are destined to fail. For enterprises with a large target market, a specially designed marketing plan can help identify market niches and define focused marketing programs to reach each niche audience. Timing You also need to know and consider what concurrent events will be competing for the attention of your target audience at that time. If the competition is high, consider changing the date of your event. If that's not an option, you may consider additional contact to increase the visibility of your event. Contact with your audience can take several forms including direct mail, advertising and telemarketing. The elapsed time between contacts depends on what form your contact takes, the message and your objective. If the objective is to build awareness, many companies choose quarterly direct mail programs. If the objective is to draw the audience to attend an event, the marketing program is generally structured for three contacts during the two or three months prior to the event including a final phone call a few days before the event. If the objective is sales of products or services, the marketing program would include interval contacts until the sales objective is satisfied. For example, if the sales objective is to sell a discontinued product, the marketing program might include weekly or biweekly direct mailings notifying qualified prospects of closeout discounts on the merchandise. If the sales objective is business development, the marketing program might include monthly seminars and quarterly direct mail. Don't drop the ball at the fulfillment stage of your marketing program, the point at which you respond to inquiries from your target audience. If your "call to action" promises a promotional item like a mug, pen or a sample, be sure to ship it within 48 hours of receiving the inquiry. If your response is a phone call or Email, respond within 24 hours. Otherwise successful marketing programs can fail at this point simply because too much time lapses between the receipt of the inquiry and your follow-up. Audiences are bombarded with information and quickly forget you. Why Marketing Works Effective marketing plans are based on thorough research and strategic analysis of your marketplace and business objectives. Used skillfully, marketing and business plans are dynamic, offering the flexibility to respond to business and marketplace trends. Aggressive organizations review their plans quarterly, adjusting strategies and tactics in response to current trends. In other organizations, an annual review is sufficient. Under no circumstances should business and marketing plans lay dormant— they’re working documents and by definition are subject to change. If you haven't done a strategic analysis and business plan, your marketing plan could fail. In addition, marketing plans must be based on your company's clearly stated goals, vision and mission statement. If you don't have a clear vision, your marketing plan could take you in a different direction from your intent and will most certainly fail. The more time you spend on planning your marketing and managing your plan, the higher the return will be in terms of greater growth, lower marketing expenditure and a more proactive, successful business environment. Sandra Brooks
is president of INCOMM International, Inc., |
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