Thre
e years ago, when I wrote the article, Common Sense Marketing in a Tough Economy, I had no idea that the information would be so pertinent in 2011. That article is one of the most popular since I launched Words That Work. Today, as in 2008, business owners need to make every marketing dollar count. What marketing strategies work best? While there is no single solution, here are three key marketing strategies that work in a challenging economy — and whenever you want to grow your business.
Strategy 1: Go back to basics. When it feels as if the walls are closing in on you and clients are evaporating, you may be tempted to toss aside your marketing plan and try something new. While there is nothing wrong with new approaches, this is not the time to forsake the basics. Start with a clear marketing message. This succinct statement should immediately engage customers and prospects and help them understand what your company can do for them and why they should do business with you rather than with your competition. Consider it your “logo in words.” Include it in print pieces and proposals. Share your marketing message when networking and then expand on it when you follow up with a new contact after an event or meeting. Instead of using a standard recording, make your marketing message part of your voice mail message.
Strategy 2: Cater to your customers. Your customers are golden and the reason for your business success. Treat them that way. Begin by establishing a process that allows you to stay in touch with customers on a regular basis. If you don’t have an up-to-date database of client contacts, develop one. Plan to “touch” your clients about once a month.
An email newsletter filled with useful information is a great way to stay in touch with clients. Consider profiling customers in your newsletter. This is a win-win situation. Potential customers get a firsthand look at how you have helped an actual business and your customers benefit from added exposure. Handwritten birthday cards, holiday greetings and notes of congratulations and thanks are thoughtful gestures and make you stand out. (When was the last time you received a handwritten note?) Take advantage of social media to tout your clients. Mention their accomplishments in your posts. Respond to their posts. We all know the power of referrals. Whenever possible, refer your clients to potential customers.
Strategy 3: Cultivate your prospects. Prospects are tomorrow’s customers. Treat them as you would a client. Develop a process to stay in touch with them. When you attend a networking event, capture contact information in a database and connect with prospects through social media. Plan to touch prospects at least once a month. When a prospect asks you to call “in three months,” have a system that allows you to follow through on that commitment.
When you meet someone for the first time, ask if you may add him or her to your newsletter database. Prospects will appreciate that you have asked their permission and they also are more likely to read your newsletter rather than hit the “delete” button. Use your marketing message in all of your prospecting tools, including written proposals. Don’t assume that people remember details about your company just because you have shared them in a meeting. Have you worked with a client who faced a similar challenge as your prospect? Share customer profiles so prospects can see your work in action.
©2011 Joan B. Marcus Communications LLC
Words That Work 