Are you trying to find a client who has never, never, never been born?
Finding clients to sell your services to is not a difficult task. However, many business owners make it difficult on themselves by prospecting to people or companies that have no need of your products or services. How many times have you been called by telemarketers or received a postcard or letter to your company from a competitor asking you to buy from them? We get these calls and direct mail pieces at least once per week. It amazes me that these companies don’t do the slightest research to see if we “qualify” as one of their prospects. They just do a general blast to all companies in a certain geographic area without looking to demographics and excluding competitors. Not taking this easy step is a huge waste of money.
There are also the companies that send to prospects that they think “might” become a customer. This is also bad marketing. With all the lists available you can find prospects that have purchased exact, very similar and complementary products and services. Since this information is available why are companies trying to find the client that has never been born? In addition, don’t fall into the trap of what we call the “everyone is my customer” syndrome. Many seem to think that if you send enough email or direct mail to enough people then some has to stick. While that works sometimes, it is another huge waste of money and shouldn’t be counted on.
Let me give you an example: Lets say you sell scissors. Do you think it would be better to spend your money advertising in a local newspaper or take your money and advertise in a trade publication targeted to Hair Salons and Cosmetologists? What if you’re a gym? Should you advertise in a newspaper wherever they can place you ad or should you insist on the sports section or women’s section, etc?
Targeted email lists are also available for rent enabling you to target market. Everything you do to market your company from Google AdWords to Email, from trade publications to press releases, etc. Everything should be exposed to your targeted demographic and psychographic.
Another misstep is not taking your target market when creating your company website. Never create a website that looks good just to you. You’re not the customer. Always create your website with your customer in mind. How will they benefit by doing business with you? What do they want to see? What are their demographic and psychographic? Are they mostly Male or Female, professional or blue collar? Are they high income? Are they the children of elderly parents looking for research about the products or services you sell before they make a buying decision? When developing your collateral you should also keep this in mind.
I know to many experienced business owners this is basic marketing. But to the new business owner it’s usually an eye opener. With slim budgets and small margins this information could make you more profitable and save you much time.
Targeted marketing is the best and most affordable approach to promoting your company.
Can you guess which song the title of this article is related to?
Your comments are always welcome.
But I just don’t have the time or energy for that.
There are many business owners that are successful but want more. They are currently running their companies and making a living. But when asked if they can devote an extra 20 minutes a day to marketing endeavors they almost always give me the same story about how busy they are and when they get home from work they are exhausted. They can’t do another thing and this is a sad situation.
When you love what you do you should be energized to do it all of the time. You should have to force yourself to do something else. You should feel like your missing something when you are not doing it. The truth is that the most successful people in business love what they do. Your definition of success will vary but you cannot succeed without the love because in the long run, it will turn you bitter and looking for something else. Author Brian Tracy asks in one of his books “If you could win the lottery for 1 million, tax free, would you still do what you are doing? Lets change it to 5 million. Now, would you?
So here is a tip. If you work 10 hours a day change that to 10 hours and 20 minutes. Go home write down the next day’s goals and then relax.
What are some things you do to keep excited about your business? Sign up and post your comments.
