Archive for April, 2009
7 Marketing Mistakes To Avoid
Posted by admin in Slap In the Face!, Wake Up Call!, Web 3.0 on April 29th, 2009
by Jessica Swanson
Oftentimes marketers make simple mistakes in their marketing campaigns that cost them both time and money.
Common marketing mistakes can usually be avoided through planning, attention to detail and ongoing tracking and measuring of marketing efforts.
Before you launch your next marketing campaign, whether online or offline, make sure to avoid some of the most common marketing mistakes. 
1. Failure to Write a Powerful Headline. Whether you are writing a newspaper ad, email message or press release, you will need to create a powerful headline. Research suggests that your headline is the most important part of your ad. It is absolutely essential that you draw your prospective customer or client into your ad and keep them interested in what you have to offer. Spend quality time creating your headline and you will notice much better results.
2. Absence Of An Irresistible Offer. In marketing, 40% of the response that you receive from your prospects is directly related to your offer. In today’s competitive marketplace, you need to present your client or customer with an offer that they can’t resist. Offers can range from discounts to "attending a free webinar", but the fact remains that your marketing should always contain some sort of irresistible offer. If you have an irresistible offer, people will respond.
3. A Weak Or Non-Existent Call To Action. Every single time you create an ad, you want to direct your prospective client or customer to take a specific action. This action can be to call a toll-free number, visit a website or place an order. If you fail to tell your prospect exactly what you want them to do, they will not do anything. Take your prospect by the hand and show them what they need to do next in order to move them smoothly through all parts of the sales process.
4. Not Having A Great List. Even if you have the best product since sliced bread, you will need to have a list of highly targeted and responsive prospects. This can be accomplished by building a list. There are dozens of tools that will allow you to build a list quickly and efficiently. You can either rent or purchase a targeted list or build your own by asking prospects to supply you with their name and email. Most marketers agree that growing a list is perhaps one of the most important jobs for any small business.
5. Relying On One Marketing Message. On average, consumers are exposed to over 3,000 marketing messages every day. Recent research suggests that your clients and customers will need to see your marketing message between seven and twelve times before they even take notice! That means you can never rely on sending one message to your prospects; instead, you will need to send repeated messages to them over and over again. Decide how you will deliver your message and then make sure to develop and continue a relationship with your prospect in an ongoing process.
6. Failure To Measure Campaign Effectiveness. There are literally hundreds of ways to market your small business. Over time, you will most likely tap into dozens of these marketing platforms. However, it is absolutely vital that you take time to measure the effectiveness of your various marketing campaigns. This can be done with simple spreadsheets or fancier CRM systems. No matter how you measure your marketing, it is essential that you understand what is working and what is not working so that you can be extremely effective.
7. Not Communicating With Your Current Customers. It is vital to provide ongoing communication with your current customer base. Most likely you have spent time and money acquiring new customers. Moreover, research solidly suggests that about 20% of your current customers will purchase from you again. Make sure that you communicate with your customers on a regular basis, invite their feedback and provide value to them over the long-term. This will help build your business over time.
Whether you are a brand new marketer or established veteran, it is essential to avoid some of these most common marketing mistakes. To be successful over time, you must continually work to improve your marketing effectiveness. If you do, you will soon find your business growing quicker and easier than you ever imagined!
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Jessica Swanson, "The Shoestring Marketer," has helped entrepreneurs, all over the world, explode their businesses using cutting-edge, proven, NO-COST internet marketing strategies. To receive your FREE Marketing Kit, which has helped thousands of entrepreneurs, just like you, learn the exact techniques for marketing their businesses for NO-COST, visit: http://www.ShoestringMarketingKit.com
Shoestring Marketing: 5 Things Everyday to Grow Your Business
Posted by admin in Slap In the Face!, Wake Up Call! on April 29th, 2009
April 29, 2009
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NOTES FROM JESSICA |
I have a great strategy that I want to share with you. One of the reasons that I was able to grow my small business so quickly and successfully is a little secret called the Power of 5.
When I first started my business, I made a promise to myself that every single day, I would engage in at least five important activities that would move my business forward.
What I found was amazing! First of all, it forced me, right off the bat to identify the activities that moved my business forward and the activities that did not. For instance, rearranging the files on my computer doesn’t move my business forward but, writing a press release does. Searching through all the new and cool applications on Facebook does not move my business forward, while sending out Facebook friend requests does.
In addition, the number five seems to be a magical number as well. While some of my activities take a few minutes and others a couple of hours, if I always engage in at least five important business activities every single day, my business continues to flourish!
I urge you to try the same technique. I think that you will be amazed at the results!
To Your Shoestring Success,
Jessica
Giving Mad Props to Jessica, you can read more of here at www.jessicaswanson.com
The Myth of Sunk Costs By Paul Lemberg
Posted by admin in Slap In the Face!, Wake Up Call!, Web 3.0 on April 26th, 2009
I have a great amount of admiration and respect for this man. I consider him my mentor. Listen to his words carefully!
Paul Lemberg’s Extraordinary Results for Business
Have you ever heard the expression, "Throwing good money after bad?"
Have you ever worked on something you knew was a bad idea, yet continued to pour time and energy into it? And every time you tried to stop yourself from going forward, you said, "but I’ve got so much put into it!"
When we make decisions about the future, many of us base a good part of our analysis on the resources we have invested thus far. It’s a natural thing to do; you’ve put time, energy, money, perhaps other things – and perhaps most important, your reputation – on the line, and it’s quite reasonable to consider the totality of that investment when thinking about what you do next.
Actually, it isn’t.
It isn’t reasonable at all.
The only reasonable thing that to consider is the impact of your actions on the future.
Say you’ve spent the last several years and a bunch of money into a venture that simply isn’t performing as you hoped. You haven’t hit any of your success marks, and in fact, you’re not sure the project is worth anything at all. So by and by a new opportunity comes along – one that is filled with potential, and in some ways seems like a perfect match. But you have difficulty letting go and jumping in. Something’s holding you back and that something is the specter of sunk costs.
You feel like you shouldn’t just walk away from all the cash and time you’ve already invested. You feel as if everything you’ve put in should somehow make the venture worth something.
I’ve got bad news for you…
It doesn’t.
The venture may be worth something, but its value has nothing to do with how much you’ve spent to date. It is worth what it is worth, and for good, bad or otherwise, the amount of money, time… whatever… has nothing to do with it.
That’s the fallacy of sunk costs.
Sunk costs are sunk.
They are gone.
They are spent.
The assets you’ve created may have some surplus value, like unused inventory. Or they may have salvage value, and just like the 5-1/2 tons of gold bullion on the HMS Edinburgh, that value might be quite large. You wouldn’t just walk away from assets with salvage value like that. But in many cases the value of your sunk costs is a tiny fraction of the original price.
No matter the value, none of this has anything to do with decisions about actions you will take today, tomorrow and the next day, which must be weighed on the merits of highest and best use.
Ask yourself the question, "What is the highest and best use of my time?" or "What use of my time will make the greatest contribution towards my aims and goals?" Ask this question without regard to what has happened until now.
Perhaps you’ve spent the past three years developing some software that you thought was going to change the world. Three years later, it works, but not brilliantly. In the meantime, a competitor has built a superior solution that runs rings around yours in the lab and in the marketplace and things are looking pretty grim.
But you have just stumbled across a brand new business idea – that has nothing to do with your software business – that you can implement quickly and profitably. What do you do?
Many people, would, quite reasonably say, "I’ve spent so much on this product, and I’m so close – I’ll just keep working on it.
But you know that would be wrong. It would not be the highest and best use of your time; it wouldn’t give you the greatest return on your actions. That would be a decision based solely on your attachment to the past and your attachment to your sunk costs.
Be unreasonable. Make each decision as if there were no past attached. Make each decision based on your highest and best use – your greatest contribution. Evaluate each decision based on how it will impact your ability to get what you want, not on what you’ve spent to get where you are.
© Paul Lemberg. All rights reserved
PO Box 676173, Rancho Santa Fe, CA 92067
Telephone 858.951.3055 | Fax 205.397.5471 |
Seth Godin-Sliced Bread and Other Marketing Delights (damn this is powerful)
Posted by admin in Uncategorized on April 26th, 2009
Good Boogly Woogly!
Posted by admin in Uncategorized on April 25th, 2009