How to Save Thousands on Your Marketing.
Saving money on your marketing really means don’t waste it. Here’s a couple of tips to keep in mind when you are ‘packaging’ your product or service and taking it to market.
1. The Customer's Golden Rule –
WII-FM, "What’s in it – for me.
While you
are developing your business plan or negotiating
with suppliers, landlords and banks, you focus on
what you need. It’s important not to carry
this perspective with you when you communicate with
your clients and referrers.
I recently reviewed the marketing
material for a potential client who wasn’t happy
with their current agency. They had put out
some innovative material. The goal was to
describe the experience of doing business with their
law firm rather than listing the services they
performed. A good concept, but the execution
completely missed the goal. Virtually every
sentence used ‘we…’ or ‘our…’. The document
should have used ‘you’ and ‘yours’, talking to the
client about ‘what’s in it’ for the client.
Make sure you focus on the benefit to the client. Most busy people (business people) don’t care ‘how’ you get it done, their main concern is the end result, the ‘what’s in it for me’. And what attracts their attention is the ‘what’ not the ‘how’.
What’s your headline,
how’s on second.
Most referrers would like to see
their clients/friends benefit from your product or
service but you must clearly show the benefit to the
referrer in making the referral. Start communicating
with ‘what’s in it for them’ then move on to how
your product or service works for your client.
2 - Know who your Best Customers are
If you sell
food you could say that everyone is your customer
because everyone has to eat. So you could advertise
to everyone. That would be very expensive.
And by expensive I mean a very low return on
investment.
Your Best Customer is the
customer who spends the most amount of money and
requires the least amount of effort. The best
customer is the most profitable. Where do they
live, work, play, what television shows do they
watch, magazines do they read? What is most
important to them, children, work, sports? When you
know your best customer, you’ll know what to say and
where to say it.
If you build the foundation of your campaign on these 2 tips, odds are you’ll raise the roof.
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