Jim's Marketing Blog

Marketing tips and ideas to help you grow your business

What’s your competition like?

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At the recent Olympic Games, every athlete knew exactly what the ‘personal best’ figures for each of their competitors was.  That’s because it’s almost impossible to succeed at anything, unless you know what you are competing against!

Equally, to compete successfully in business, you need to research what you are marketing against!  We call this research Competitor Analysis.  So, I have a question for you:

“How much do you know about your competitors and what they offer?”

In my experience, most small and medium-sized businesses know very little about the quality of their competitor’s services.  They will often believe that their own service is very good, but when you accurately compare it against their competitors, it’s generally no better than average.

I am convinced this lack of Competitor Analysis is why there are so many average services out there!  After all, no one sets out to be ‘just average’.

Businesses then market their services, thinking that what they offer is great value – and wonder why they get very little positive response! It’s not always the quality of a small business’s marketing that’s letting them down, but the ‘attractiveness’ of what they are offering!

In order to motivate someone to switch from one provider to another, there must be a compelling reason for them to do so.  This means you need to know what your competitors offer, so you can make YOUR services more valuable than theirs!

Competitor Analysis explained

Competitor Analysis is where you analyse what your competitors are offering to the marketplace.  This allows you to see how YOUR services stack up against the other services being offered to your potential clients (and existing clients!).  As part of your Competitor Analysis, you will need to find out things like; what kind of guarantees your competitors offer, their payment terms, their prices, the range of services they offer and their opening hours etc.

I spoke recently with the owner of a recruitment company, who told me that his main competitors all offered a very poor service, compared to his.  I asked how he knew.  He replied that whenever a client moved from a competitor to him, they always said what a poor service they had just received!  He was basing his ‘research’ on what these non-typical, disgruntled people said!

You cannot build your competitor research, based on the jaundiced opinions of anyone!  You need to know what the reality of the situation is, because THAT’S what you will be marketing your services against!

I have a friend who sells homes in London, which market for over £2,000,000.  She found her clients were often hesitant about improving their home before marketing it, thinking it was already ‘good enough’ to quickly attract a buyer.

So, she started taking new clients to view a selection of homes in the same price range as their own – so they could clearly see what their home was competing against.  Universally, this totally changes their opinions and they are happy to make any required improvements.

Most businesses are like the home-owners who think that their home is already great value, without knowing what the others are like.  This can prove commercially fatal – especially in today’s challenging economy!

Some ideas to start your competitor analysis

Competitor Analysis on the Internet

Depending on the industry you are in, you can often get a mountain of extremely valuable information by visiting a competitors’ website.  If you are in retail, for example, you will immediately be able to see; their product lines, prices, delivery times, guarantees etc.

No matter what industry you are in, most websites will have an ‘about’ page, which tells you all about the company.  You should also be able to tell very quickly what each company thinks it’s best at – because people sell their services based on their strengths!

You will also be able to tell in seconds, if they have had their website professionally copy written or not.  This is a key indicator as to how seriously they take their marketing.

Conversations with THEIR clients

Whenever you meet someone, who is using the services of one of your competitors, ask them how well they are being looked after.  This is a more accurate measurement of the quality of a competitor’s services, than the earlier example; where people with an axe to grind were relied upon.

An existing client is someone who can generally, be seen as having an ‘average’ or ‘typical’ experience of a service provider.  If they say their service provider is great or awful – ask them; “In what way?”  Then listen!

Avoid conversations with suppliers

I have found conversations with suppliers, who also supply one’s competitors, to be close to worthless!  Also, be extremely careful what you say to anyone who gives you too much information.  As my mother used to tell me; “those who bring news, carry news!”

After your Competitor Analysis – What next?

After your Competitor Analysis, take a good close look at your own business and find ways to beat them!  Don’t just try to match them – look at how you can go one better.  If you cannot offer a better service to someone than they already get – why on earth should they switch to you?

For example, would YOU go through all the hassle of switching from your current; accountant, insurance broker, bank or recruitment provider; for a service that’s no better than you already receive?

Of course not – and NOR WOULD ANYONE ELSE!

Only when you have developed a service that you know, with confidence, is better than your competition, are you ready to market it. When you have a great service, and you get that message in front of potential clients with compelling marketing, the sky’s the limit.  You can achieve anything!

The power of a great marketing statement

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I saw a piece of marketing earlier today, which clearly demonstrated the power of a well-written marketing message. It was an advertisement for an Internet hosting company.  It makes what ‘sounds’ like a very positive statement; regarding the quality of their service – until you think about what they are actually saying!

Here’s what their marketing message said:

“We guarantee that websites hosted on our servers, will be working 99% of the time!”

However, 99% reliability for an Internet hosting company is AWFUL!

The promise of your website being online 99% of the time, if you select them to host your website MIGHT sound like a great deal – but it’s not!  It’s shockingly poor!

What they are ACTUALLY saying, is that if your business has it’s website hosted with them, you can expect it to be down, off-line and unavailable for the equivalent of THREE FULL WORKING DAYS EVERY 100 DAYS! So, over a period of little more than3 months, your potential clients or customers will be unable to find your website for a combined period of 24 hours – (that’s three working days, based on the 8 hour working day model)

There are 2 marketing lessons here

  • Firstly, the power of a well-crafted marketing message is enormous.  You can make something sound irresistible and inspire people to contact you and buy from you in their droves – even if your service actually sucks!
  • Secondly, even with great marketing, unless your service is excellent, you will lose clients just as quickly as you gain them – perhaps even faster!  When I searched for this company’s name on Google; it generated page after page of people complaining about the service they received. If only this company was as devoted to service, as it seems to be with its marketing, it would be massively more successful.

Marketing success

Marketing success comes only when you are able to win AND retain high quality business.  Looking after your clients and providing them with more than they expect, every step of the way, is not only great customer service; it’s extremely good business practice too!

Is the mailshot dead?

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I have an interesting marketing question for you;
“if someone invented mailshots or ‘marketing letters’ today, would you or your business actually use them?”

Just imagine the sales pitch for a mailshot

“I’m Bob from the Post Office and I want to tell you all about this new invention – mailshots! You know how you can use email to get your marketing messages onto the desk of thousands of people, in minutes, for free? Well, mailshots are unreliable, take days to deliver, are expensive and massively labour intensive!”.

Mailshots are extremely expensive

My newsletter is written on my computer and then I press the send button – that’s it! The only real costs attached are the time it takes to write it, plus the cost of the emailing software; which was £200. To send that same newsletter out to my newsletter subscribers via a mailshot (at maximum bulk mailing discount) would cost me at least £4,000,000 or $8,000,000 a year!

Email marketing

I strongly suggest YOU consider using email to deliver YOUR marketing messages, rather than letters or ‘printed media’. In fact, I list email marketing as one of my essential “Top 10 Marketing Tips!”

You see, even if we forget the environmental impact of using all that paper and then sending it via road, rail and air – the time and money you will save is enormous.

Moreover, because email marketing is so effective, it has the power, when used correctly, to transform your sales results super-fast!

Email marketing & mailshots ‘head to head’

I know two small recruitment companies; one uses email marketing exclusively and the other uses mailshots. The company using mailshots can only send one mailing, to 1000 people each month – because of the cost attached to preparing and sending each mailshot is so great.

The company using email marketing sends a marketing mailing to their list of 5,000 people.  So, they reach five times the number of potential clients!  Also, they mail their list twice a month, because there’s no additional cost!  By mailing that list every fourteen days, the list stays up-to-date too; further increasing its value!  This means they reach five times as many people, twice as often AND it costs close to nothing!

Build your own email marketing database

The recruitment company using email marketing ONLY contact people who actually WANT to be contacted with information on their services.  How can they be so sure?  Because EVERYONE that they email has subscribed to them via a ‘sign-up box’ on their website – this is important.  It means that 100% of the people they email to have a confirmed interest in their business.

It also means their email marketing list didn’t cost them anything!  I recommend you always build your own email marketing list, you can read more about email marketing in my Top 10 Marketing Tips article.

If you own or run a small or medium sized business and you want to reach more people, faster and for a fraction of the cost – give email marketing a go!

Jim’s Marketing Blog Update

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My week old marketing blog!

I just wanted to say a BIG ‘Thank You!’ to those of you who are recommending jimsmarketingblog.com to your friends and contacts. Although I only launched the blog less than a week ago, it has already passed the visitor target I set for it’s first month.

A lot of the traffic we are getting has come from your recommendations and those of you who have linked to the blog from your website or blog.

Thank you!

Increase sales & profits quickly

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Here’s a powerful marketing tip, which will show you how to massively increase your sales very quickly.  It’s also a super-fast way to boost your cash flow and sky-rocket your profits!

In order for us to begin, I need to ask you something:

“What additional, valuable products or services ‘could’ you offer to your existing clients, which they would be happy to pay you for?”

This is a key marketing question; because selling additional services to an existing client is easily, the single fastest way to MASSIVELY increase your sales and profits! It’s an exceptionally high leverage marketing activity, because the return you get is totally disproportionate to the amount of time and effort required.

The reason the results are so amazing, is that you already provide a GREAT service to your clients and they already trust you.  This means that buying an additional product or service from you is a VERY easy decision for them to make. There’s no risk attached because they already know how brilliant you are!

Selling additional services to existing clients

Here’s a recent example, based on a client of my marketing program. This particular client came to me because he needed to quickly and dramatically increase his cash flow and profitability.

His company provides IT maintenance services to around 120 local, small businesses.  I suggested he find another service to offer his existing clients – before thinking about winning new clients.  He said that a few of his clients had asked if he provided an online data back-up service; which he did not.  So, he looked for prices, to see how much it would cost to provide the service and found that he could make an average profit of around £500 a year, per client, by offering this service.

I sent out a well crafted marketing email to his clients and in just 48 hours, we generated £21,000 of pure profit for him! Because this is an annual service, payable in advance, the end result was an immediate, MASSIVE cash flow boost!

Leverage the potential of your existing clients before looking elsewhere

Before you spend a penny seeking to win new business from new clients – make sure you are not missing out on a windfall profit opportunity from within your existing client base!

Selling additional services helps retain clients too

Not only does offering a wider spread of services to your clients make them more profitable to you, they are also far, far less likely to leave you for another provider.  To replace the provider of one service is relatively simple, but to replace a service provider who looks after 3 or 6 or more of your needs is a very different matter.

When you provide more services to a client, you also provide more value and the marketplace ALWAYS rewards value!

Selling additional services to existing clients is easy and extremely profitable, so what’s stopping you?

Premium rate phone numbers KILL sales!

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If you run a business and you want people to call you to enquire about your services or buy from you – NEVER use premium rate numbers for your sales phone line or main phone line!

Here in the UK there are some misguided small businesses who (unbelievably) only offer a premium rate number for people to call them on!

NUMBERS THAT BEGIN WITH EITHER 087* OR 084* are a VERY bad idea for your business – as they place a hurdle between your potential clients / customers and your products or services.

Why are premium rate numbers such a bad idea?

Because, no one wants to pay a premium rate to call YOUR business to enquire about your services!  Why should they have to pay you, to be sold something – come on, get real!

I have variously heard it estimated that using any premium rate number for your main phone line or your sales / enquiries line, can lose you between 60% and 80% of ALL enquiries and sales.

Not only will people like myself refuse to use these rip-off numbers, many companies have these numbers barred from their phone system – so their employees can not actually dial these numbers, even if they wanted to spend money with you.

Also, if you call these numbers from a UK mobile phone, it can cost a fortune (hardly likely to encourage people to enquire about your services!  Everything your business does should make it as EASY and attractive as possible for people to call you.  The message you send out by using a premium rate number is 100% negative – it’s a money-grabbing scam.

Some people REALLY HATE premium rate numbers – Look!

There is so much resistance to businesses screwing people with these rip-off numbers that a wonderful website has come to the consumer’s rescue; www.SayNoTo0870.com If you need to dial a company hiding behind one of these awful numbers, check out www.SayNoTo0870.com and see if there is a regular price alternative.

If you are serious about winning business – drop the use of premium rate numbers for your sales line or your main phone number.

Clear marketing sells

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In marketing, clarity is extremely important!  Your marketing messages need to clearly state what you do, what the benefits of your services are and why a potential client should do business with you or buy from you!

Clear marketing

Clear marketing messages command a potential client’s attention with laser-like precision!

Sadly, most small businesses use a foggy, conversational approach to their marketing and as a result, they lose stacks of business unnecessarily!

Most small business websites lack clarity

When you read the wording (or the copy) on the homepage of a typical small business website, it rarely gives you the core information you need!  Instead, you usually find a welcome message and some general ‘blurb’ about the company.  There’s nothing there to motivate the visitor / reader to click anything or do anything. As a result, most people quickly leave these sites and stacks of potential sales and enquiries are lost. This vague, generalised approach to marketing is a complete waste of time and money!

For example

I recently saw a website for a company that had the following headline across its homepage…

“Providing integrated business solutions to SME’s.”

Apart from mentioning that they work with SME’s (Small to medium-sized Enterprises), I have no idea whether they are; business advisers, software developers, accountants, recruitment specialists, hr consultants or anything else!

To make your marketing message stronger- try this!

Take a look at your existing marketing.  Read your website, your sales letters, marketing emails and brochures or flyers etc.  Make sure that each of your marketing messages explains clearly:
1. What you do.
2. How it will directly benefit the reader.
3. Why they absolutely need it (right now if possible).
4. Why they should buy ‘it’ from you (and not someone else).

This simple exercise can produce immediate, measurable results!

Beating the credit crunch!

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Whenever times are hard and the economy heads south, people (and businesses) have to think a lot harder before they spend their money.  This is something we have seen time and time again during past recessions.

However, the ‘credit crunch’ has given us a MUCH BIGGER problem, because our potential clients not only have less money than before – they are finding it hard or impossible to access credit too.  As a direct result, generating sales or winning business is set to become increasingly harder, with potential clients understandably extremely cautious about spending their money.  Perhaps more cautious than ever before.

One thing we know with total certainty, is that the marketplace for YOUR services is about to become more and more competitive.

This means your marketing has never been more important

You must be able to get the attention of your prospective clients and then totally convince them that you offer the best possible option for them.  Any business today, whose marketing is ‘average’, is going to find the coming two years (some say three) increasingly painful. The only solution is to improve the way they sell and market their services.

Why is marketing so much more important now?

During a normal or strong economy, people don’t have to think too hard about making a purchase and are measurably less choosy.  As a result, until recently, even poorly marketed companies were able to generate a level of sales; just by ‘being there’ or contacting prospects at the right time.

However, during a bad economic climate, people think far harder before they buy anything.  As a result, we are seeing people and businesses now shopping around for the best offer before they spend a penny.  Thus, they end up buying from the best marketed businesses, because these are the businesses who know how to grab their attention and make their offer sound the most attractive or compelling.

Today, good timing and hard work is no longer enough. You must learn how to out-market your competitors if you want to survive – let alone thrive!

Marketing provides an answer – Thankfully

Amid the doom and gloom, there’s always a ray of light.  You see, as well as receiving a massive number of emails from readers who are really struggling right now – I have also received a small number of emails from readers who are experiencing their best year EVER.

When you understand why some businesses are doing so well right now, you will have an opportunity to do the same.  But first, you need to know what ‘the average’ business does when faced with an economic slump.  This is really important.

Most businesses do nothing

The ‘average’ business today will continue to sell and market their services as if nothing was happening.  Sure, they will moan about the economy and their lack of trade; but they will just keep on doing the same ineffective marketing they always did.

They pin their hopes on things ‘just getting better’ before they run out of money.

In essence, they will stay inside their comfort zone and refuse to move, as if they were a 60 foot oak tree.

But some businesses take action!

Some businesses realise that there is a real opportunity here!  They know that when times are tough, prospective clients always look for value – and making your services look more valuable is all about GREAT marketing.  So, they decide to get serious about their marketing and thus they reap the rewards.  The rewards are far greater than you might imagine.

Marketing lessons from recessions

We know that during past economic recessions, the businesses that improved their marketing and marketed their services the most successfully, managed to gain a disproportionately large share of their marketplace.

Also, when the economy improved, they were in the perfect position to continue growing at a super-accelerated rate!  If you choose, you can turn the credit crunch into a springboard for your business. You can grow at the same time as your competitors shrink.  You can use the coming months to transform the future of your business and your life – but only if you take action and do the right things in the right way.

So – what next?

First of all – STOP!

If your business is currently finding it a struggle to generate the volume and quality of sales it needs – Stop whatever marketing you are doing immediately.

Because…

If you keep using the same kind of marketing, you will keep getting the same results.  Your sales, profits and turnover will not ‘just get better’.  In fact, as the credit crunch continues, your sales, turnover and profits will drop unless you improve things.

Five steps to beat the credit crunch

Step one

OK – as I mentioned above, the first step is to stop all marketing activities that are not making you money.  No matter how ‘comfortable’ you are with whatever you are doing, if it’s not working STOP doing it.  Either find a way to leverage better results from it or discontinue it completely.

Step two

Start getting tons of business through your website. It’s a fact; a fully-optimised website is both the most effective and the least expensive way to generate sales, leads and enquiries. Your website can (and should) generate leads and enquiries for you all day every day.

I know people in just about every industry who now get the vast majority of their leads and enquiries via their website.

You can reduce your annual marketing costs by 90% and increase your sales by 100’s% (or more) at the same time!  Almost all of all MY marketing is now done online.  However, before you start enjoying all those leads and enquiries from red-hot prospective clients, your website needs to tick two important boxes:

  • Firstly, it needs to look professional and have all the functions you need in order to collect enquiries, collect email addresses and make sales etc.  If you want to know why some businesses get leads from their websites on an hourly basis (or better), whilst most websites generate almost nothing, you need the second and most important element…
    .
  • Secondly, your website MUST MUST MUST be Search Engine Optimised.   The reason most small and medium sized business websites fail, is because no one can find them!  So, you will need to get an SEO expert to make your site the one that people find when looking for whatever type of services you offer.

This is the most important step, yet hardly any small business websites are professionally optimised.  Interestingly, 100% of all large company websites are optimised.

Getting a website optimised, is like picking up a shop, that’s located down an old dusty road with no passing trade – and placing it BANG in the centre of Oxford Street or 5th Avenue!

Step three

Read the sales and marketing posts and articles here on the blog.  Everything is written by me, based on what’s proven to work.  I put the blog together because most small and medium-sized businesses rely heavily on free marketing advice – and as a marketing professional, the marketing advice I found online was often pretty awful.  I found that much of it was either shockingly poor , or very out of date. Look at this.

Step four

Download and listen to this FREE audio program.  It will tell you how to get regular referrals, recommendations & leads.

Step five

There are some superb ideas waiting for you right now at TheIdeasBlog.com.  It has often been said that you are never more than one good idea away from achieving a massive breakthrough – so take a look.

The credit crunch is really hurting a lot of businesses right now.  If you have found this credit crunch marketing report useful, please forward it to as many people as possible.

The power of attraction marketing

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I am going to show you how to use attraction marketing to attract leads and sales!  Please do not confuse this with the so-called ‘law of attraction!’

In fact, if you use the ideas I am about to share with you, you will never have to chase; business, income, sales, clients or leads ever again.

The power of attraction on people

Have you ever noticed what happens when a beautiful woman or a handsome man walks into a bar? That’s right – people look at them. In fact, people will often walk over and offer them a drink or simply strike up a conversation with them. The reason we call these people ‘attractive’ is because they (literally) ‘attract’ the attention and interest of other people.

What does this have to do with you and your business?

The most effective businesses use the power of attraction in order to attract sales, clients, readers and customers! Just like the attractive person who walks into a room and gets everyone’s attention, these businesses gain the attention and interest of potential clients by being attractive.

If you decide to use attraction marketing, you can quickly sky-rocket your results without having to make cold calls or ‘sell’ anything to anyone. It’s a wonderful, zero-stress way to grow your business.

Attraction marketing in action

For example, I use the power of attraction for 100% of my marketing! People find my blog and my marketing newsletter ‘attractive’, so they forward them to their contacts, colleagues and friends – helping me attract more people. These new people then do the same etc, etc…

Without me spending a penny on ANY form of advertising, (pay-per-click, affiliates or anything else), there are now millions of people who know all about my ability to help them produce great sales results. So, when my readers decide they want someone to look after their marketing, they give me a call.

Clients should be attracted NOT pursued!

Most businesses get it the wrong way around. They choose to ‘pursue’ new clients and customers; unaware of just how much they are damaging their chances of success and their reputation. Even though people are not responding to their mail shots, email marketing or calls; they just keep on grinding away regardless.

This approach costs a fortune and the results are dire!

That’s because people universally HATE being; pursued, pestered, hassled or chased.

  • This is why people are so rude when you cold call them!
  • It’s also why people hate being sent spam email!
  • AND why we all avoid over-eager salespeople!

Using attraction marketing in your business

Here’s an example, from one of the most competitive industries on the planet; the recruitment business. A client of mine used to call people and was often the 4th or 5th recruitment company to call that same person that same day!  He knew something needed to change, and quickly, because it was getting harder and harder to reach potential clients.

I suggested he set up a simple, low-cost website, aimed at candidates (people looking for work). The website was then packed with hints, tips and ideas that were designed to help people find the perfect job. He then wrote to the top 100 HR people in his target market – Not asking for business, but asking if he could interview them for his new website.

Guess what?

Not only did he manage to meet with stacks of powerful decision makers, many of them went on to become clients! The interview was an attractive proposition, which attracted a great deal of interest.  These powerful people actually CALLED HIM to arrange a time for their interview! It totally changed the way they positioned him and his company in their mind, compared to his competitors, who were hounding them for business in desperation.

A low cost website and the marketing power of attraction was all he needed, in order to achieve stunning sales results.

So, stop chasing new business

If people are not replying to your mail shots, marketing emails or returning your calls, they are telling you something.  They are telling you that your offer or marketing is NOT attractive to them!

Like my example of the recruitment company earlier, you must find a way to market your services so that you become irresistible.  You see, when you use the power of attraction to generate sales, you spend 100% of your time speaking with people who are:

  • Already interested in you and your services.
  • Already aware of the value you offer.
  • Ready to proceed.

Conclusion

No matter what industry or profession you are in, the power of attraction can slash your marketing costs, take the stress away from selling and transform the way your future clients think of you and your business.

Welcome!

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Welcome to my brand new marketing blog!

So, why a marketing blog Jim?

Unlike my website, when you read something HERE, you can share your thoughts, ideas and opinions with your fellow readers and myself.  Blogging is about communicating not broadcasting. It’s about 2-way or multi-way communication.  It’s about community and connecting with like-minded people.

When you see something here and want to get involved, your fellow readers and myself can respond to your comments and get a conversation going – something that’s just not possible via a traditional broadcast website.

As well as marketing tips and ideas, I will ALSO be using this blog to give you an insight into my day-to-day work.  The idea is to pass on anything I think you might find either useful, interesting or both!

So, why not say hello?

I would love to get as many of my website and newsletter readers as possible to leave a comment here in my ‘welcome post’, so please say hello.  Let us know your company name and where you are!

To leave a comment, just click the comment link below.

How to leverage a million in sales!

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I am going to show you a simple, high leverage way to generate stacks more sales super-fast; WITHOUT you having to invest a penny more on marketing! This is a step by step guide that anyone can follow, which can generate an almost unlimited amount of sales for you; with very little effort on your part.

Leverage leverage leverage…

When you study the the world’s most successful businesspeople and salespeople, you will see a word popping up again and again. That word is leverage.  Leverage, when referred to in marketing or business development terms, is all about getting the maximum return on everything you do.

I use leverage to get results in every area of my business and I want you to start doing the same from now on because the rewards are stunning!

Leverage an extra £500,000 in sales – for free!

Allow me to introduce you to a few people who can easily help you leverage your best sales, profits and turnover figures ever. These people have the attention of hundreds or thousands of new potential clients for your services – possibly even more!

You already know these people. . . they are your Accountant, Business Bank Manager and Company Solicitor.  How many local businesses does your Accountant work with 500 or 5,000?  And what about your Solicitor – another 1,000 or so?  Ok, what about your Company’s Bank Manager – 5,000 or 10,000 local businesses?

Of these thousands of local businesses, how many have a potential need for your services? If you are in a service industry; Recruitment, Insurance, Internet, IT or Training – there is potential for you to supply your services to almost ALL of these thousands of local businesses!  If you provide a product or a range of products, you will quickly know roughly what percentage of these local businesses are likely to have a need for your offering.  In either case, the potential here is massive!

Getting referrals and recommendations!

Speak with any group of businesspeople or salespeople and you will quickly learn that one of their most pressing marketing problems is winning new, high quality clients or customers on a regular basis.

Despite this, very few of them have actually held a meeting with their Accountant, Solicitor or Bank Manager to specifically request leads from their massive client base!

Business owners and entrepreneurs usually make the costly mistake of assuming that their Accountant, Solicitor and Bank Manager will ‘automatically’ recommend them and their services to their masses of clients and contacts. This is seldom, if ever, the case!  Accountants, Lawyers and Bank Managers are extremely busy professional people and unless there is some motivation for them to proactively pass leads to you – they won’t!

Leverage in action

What you need is a strategy that leverages the motivation of these professionals; making it easier for them to provide you with referrals than NOT to – and here it is!  These three great questions should be asked, preferably face-to-face, in the exact order they are given:

Question 1: How many clients do you have?
Question 2: How many of them do you think use (whatever you offer)?
Question 3: So, how many leads do you think you can pass to me over the next 30 days?

What these three questions do is extremely clever. Here’s the science behind each one:

Question 1: How many clients do you have?

This is what I refer to as the ‘foundation’ question. It forms the foundation upon which the rest of the questions stack.  People are proud of the size of their client base and are only too eager to show you just how hard they work and how successful their bank or practice is.

Question 2: How many of your clients do you think use (whatever kind of service/product you provide)?

This is what I refer to as the ‘focus’ question.  It causes the listener to focus on the profile of his or her client base and the nature of your product or service, before joining the two together. They know that you will have a very good idea of how many businesses, on average, have a requirement for your services or products – so their answer to you has to be realistic.

Question 3: So, how many leads do you think you can pass to me over the next 30 days?

This is what I refer to as the leverage question.  It causes the listener to review the two answers they have just given you and then give you a number.  It also sets up a time-scale and as the old saying goes; “what gets measured gets done!”

At this point you have just leveraged their motivation – making it far easier to pass you leads and far harder not to. Even if they fail to give you a definitive number, it is no longer easy for them NOT to provide you with regular introductions, referrals or leads. Now that there is a time-scale for when you will be expecting to have received some leads, they will find it easier to help you than ignore you.

Your Bank Manager, Accountant and Solicitor are trusted professionals and their recommendation is extremely valuable.  They will also know all about you and your business and they will know that you offer a great product or service – so there’s no barrier to them recommending you.

Each of these hard working professionals will be keen to help their other clients, and if they believe that your service will benefit their other clients, it’s only natural that they would introduce your services to them!

If you find it a little ‘awkward’ asking these questions, ask them in a playful way!

Amazingly, even if you ask these questions with a big smile on your face, as I always do, the impact is exactly the same!

Some numbers you will find interesting

If only one business in ten, on average, has a need for your type of product or service, it’s likely that your; Bank Manager, Company Solicitor and Accountant combined will have access RIGHT NOW to A THOUSAND new clients for you and your business.

If you only sold £500 worth of goods to these people each year, that’s a half a million pounds a year increase in YOUR turnover!

A quick million

If you work in any of the industries I have already mentioned in this free guide; that figure will be closer to a million pounds a year in new business for you and your business!

The great networking lie!

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In my opinion, when it comes to winning business, ‘chamber of commerce style’ networking events offer extremely poor value.  Small businesses lose a fortune each year attending these networking events – when they could be getting far better results, for a fraction of the time and money they wasted on networking!

Business owners and salespeople regularly tell me that they get little (if anything) tangible from these dead-end events; often believing they are at fault because they are doing something wrong. Many then waste even more time learning ‘how to work the room’ – then finally realise, after being screwed out of their money, that it’s the actual networking events that are the problem – NOT them!

I have run a successful marketing business for over 14 years and have clients all over the world.  In my experience, I can think of no business gathering where you are LESS likely to make a sale or win some business than a typical ‘chamber of commerce style’ networking event.

Why?

  1. Firstly, very few people attend networking events to buy!  Just like you, EVERYONE in that room is there to SELL.
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  2. Secondly, because networking events are regarded as a sales and marketing activity, companies send their SALESPEOPLE along and not their BUYERS!  This is why all those dreadful “how to work a room” books and seminars are sold exclusively to salespeople and delivered by sales trainers.

In other words, you will be speaking to salespeople and not buyers at these events; people with not only no interest in buying from you BUT with no authority to buy from you either!

If you enjoy meeting people and want to find new potential suppliers, a traditional networking event’s worth considering. However, as a marketing activity I genuinely believe there are man, many better alternatives.

Marketing doesn’t work!

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Marketing has no favourites! If you market your business correctly you will thrive and if you market that same business ineffectively you will struggle.  That’s because marketing is based on cause and effect.

I received an email yesterday from one of my readers. He explained that he had been trying to generate meetings with prospective clients – but that his marketing had let him down.

I later received an email from a reader of my free marketing newsletter, who told me, point-blank that; “advertising doesn’t work!”

Stop blaming your tools

In both of these examples, the suggestion was that the failure of these people to generate business was not THEIR fault, but simply that marketing and advertising ‘don’t work.‘  Their problem was not, as they suggested, that marketing only works for some people – Their problem was simply that they were doing it wrong!  For example, a poorly written advertisement, placed in the wrong publication, is unlikely to generate a stack of enquiries or sales!  This does NOT mean that advertising doesn’t work!
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A pile of wood and some nails

Give my friend Tom a pile of wood and some tools and he will turn it into a beautiful piece of furniture.

Give that same equipment to me and I would end up with splinters and a couple of bruised thumbs!  That’s because Tom

is a master furniture maker, with over 40 years worth of experience and I’m a marketing professional with no furniture making experience or skills. However, when it comes to SELLING that beautiful furniture….

Some marketing advice worth taking

Most small and medium-sized businesses rely heavily on free marketing tips and advice from the Internet; at least in the early years of their business.  If you are going to market your business without specialist, expert marketing assistance, please make sure that:

  1. You only take marketing advice from proven, trusted sources.
  2. Take time to study marketing and make sure you don’t start until you understand each step you need to take.

First impressions count – even online!

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How many times have you heard that; “first impressions count”?  Well, it’s true – first impressions count for a great deal – especially in marketing.  This is because, the first impression a business or a person creates with a potential client, is what forms the foundation of their relationship with them.

If that relationship is built on a bad foundation, it will fail.  After all, no one buys from a person or business that they have a ‘bad feeling’ about.

For example

I was contacted online last week by a total stranger via my Twitter account.  This person’s initial message to me wasn’t an introduction or even a simple hello – it was a full on sales pitch!  What was this person trying to sell?  I have no idea!  I just deleted his message as soon as it was clear what he was doing.

Approaching a total stranger with a sales pitch, instead of a friendly introduction, demonstrates a complete misunderstanding of how sales and marketing works!

Affiliates beware

Sadly, this kind of shoddy marketing is used by the huge majority of small, online businesses.  I get emails on a daily basis from strangers who want me to become ‘an affiliate’ of their latest ‘wonder product.’  Even though these people have not bothered to call me or build a relationship with me, they expect me to attach my good name to their business and product – neither of which I know anything about!

If you want to make a stack of sales online or offline, make sure YOU focus on creating a great initial impression in the mind of your target market!  Then, ensure that everything you do builds positively upon that strong foundation.

By the way, you can contact me on Twitter any time.  My username is @jimconnolly

Get YOUR mailshot letters opened!

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This post is all about how to get YOUR marketing letters opened.

When a company sends out a mailshot, it does so in order to generate enquiries or sales.  Of course, in order for these marketing letters to work, they must first be opened and read!  After all, you can have the strongest, most compelling and motivating marketing letter imaginable inside that envelope, but in order for it to generate business for you, the envelope must be opened.

Amazingly, although there’s stacks of information ‘out there’ about writing a marketing letter, there’s very little written about how to get someone to actually open the envelope (what some trendy marketing people call ‘the carrier’!)

Get your marketing letters in the right pile!

I was reminded of how poorly most companies deliver their mail shots earlier today, when the post arrived at my home.  My wife Sharon divided the letters into two, unopened piles.  I asked her what the piles represented and she said;

“The letters in the left pile are junk mail – the letters in the right hand pile are going to be opened”

Now, my wife has no marketing experience, yet she was able to spot junk mail without even opening the envelopes, with 100% accuracy!

Get YOUR marketing letters opened!

If you want to make sure your mailshot letters get opened, here are a few simple guidelines:

  • Make sure the name and address of the person you are writing to is displayed clearly.
  • Use ‘window envelopes’ with the name and address of the recipient printed onto the enclosed letter.
  • Don’t address letters to a job title or ‘the occupier.’
  • Be extremely careful about printing any kind of message on the envelope.  If you really must have a message on the envelope, make sure it is written by a professional copy writer.  If in doubt, leave it!  Get the message even slightly wrong and you could find 100% of your letters remain unopened!
  • Don’t address the letter IN CAPITAL LETTERS.
  • Never, ever, ever use printed labels for the name and address.  These tend to be mainly used for mass-mailings, so people tend NOT to open them.
  • Don’t use highly decorated envelopes unless you want people to know that there’s a sales pitch inside that letter.

Finally, here’s a quick marketing tip: Take a look at the mail you receive, which you instinctively think is either junk mail or a sales pitch. Ask yourself what it was that made you feel that way, before even opening the envelope.  Then, make sure you avoid the same mistakes. Then, check out the letters that you DO OPEN and ask yourself, what it was that motivated you to open those particular letters.

The bottom line here, is that you need to make sure that recipients of YOUR mailings are not thinking negatively about what might be inside your envelopes!

In written marketing – LESS is MORE

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Here’s a quick marketing tip for you, which will help you get a better response rate from all your written marketing.  To increase the success of your mailshots, advertising, email marketing and the number of leads you get from your website:

Use as few words as you can to get your message across!

Two powerful reasons why, with written marketing, LESS is MORE:

ONE: By using as few words as possible, you remove all the dross and keep only the key points of your marketing message.  This makes your message clearer, more focused and easier for the reader to understand.

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TWO: Just like you, the people reading your marketing have NEVER been busier!  When someone opens a marketing letter, or sees an advertisement, they do a quick scan of it.  If it looks too long, many people will decide not to invest the time required to plough through it!Most of the marketing letters, email marketing and advertising I see is AT LEAST 50% too long!

When your written marketing becomes clearer, more focused AND more people actually read the whole message – you significantly increase its potential!  This is a great way to leverage your results.

Your marketing mix part 2 of 2

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I am going to show you how to make your marketing more successful and more reliable, with something called your marketing mix. I am also going to give you a list and explanation of some of the most popular types of marketing, used by small and medium sized businesses.  I strongly suggest you read part one of this before proceeding.

This is a BIG marketing guide, with lots of great ideas, so please share it on your favourite social network or social bookmarking site.

In part one of this guide I shared one of the most common errors small businesses make with their marketing. The error is that they rely on just one or two different marketing activities in order to generate their sales.

This is a REALLY bad idea!

Firstly, if you rely on just one or two different forms of marketing, you are missing out on STACKS of new business and opportunities! No matter how good you are at getting the full leverage from a couple of marketing activities, you will be placing a very low ceiling on your business’s potential, if you limit yourself in this way. The most successful small businesses all use at least four or five different kinds of marketing – often 8 or 10 or more!

Secondly, by relying on just one or two marketing activities, you leave yourself extremely vulnerable when one of them stops working! A business owner emailed me to say that she relied on an advertisement in a business publication for over 90% of her sales leads. One of her competitors started advertising in the same publication and her number of leads (and sales) dropped by 40% overnight – That hurts.

So, your marketing mix should combine at least four or five different marketing activities, which compound and create a regular supply of sales for you. Here are some of the marketing options you should consider adding to YOUR marketing mix.

Advertising

A targeted message delivered through a great ad, which is read, listened to or watched by your core target client group is REALLY powerful! For a free advertising guide, click here.

Online networking or ‘social networks’

Online networking has great marketing potential. The key is to join a network that is best suited to your needs and to be selective with whom you network! Focus on the quality of people in your network and NOT just the quantity. If you develop a network of 30 well-connected, motivated, professional people and I develop a network of 3000 people who ‘just wanted to join my network’ – your network will be massively more valuable then mine.

A couple of the more popular business networks are www.ecademy.com and www.linkedin.com.  Other’s now use Facebook exclusively as a business networking tool.  I personally use Twitter and have found, like many others, that it is perhaps the most powerful of all.  Whatever network you choose, you are likely to see FAR BETTER results than through wasting your time at traditional ‘networking events’ (Click here to see why traditionasl networking is a waste of your time!)

Exhibitions

As an exhibitor at, (or visitor to), a well-attended exhibition aimed at your target client base – you can easily get to meet people face-to-face, who are almost impossible to reach using other forms of marketing. Depending on your industry or profession and the average lifetime value to your business of a client, you could find exhibiting at well-attended exhibitions an extremely valuable part of your marketing mix. I know companies who win most of their high quality work via exhibitions.

Email marketing

It’s a fact; email marketing is extremely cost effective and certainly one of the most powerful marketing tools available to small businesses. It works incredibly well – and costs little or nothing.

Here are a few things to consider before adding email marketing to your marketing mix. I recommend you build your own email database (mailing list) rather than buy one from a list broker. The best way to get started is to ask your existing clients and contacts if you can have their email address and if it’s ok for you to email them occasionally with news or special offers.

You also need to get people joining your email list from your website! To do this, make it as easy as possible, and offer something of value as an incentive for them to join your mailing list, like a free ebook. Also, only ask for their email address – not their life history, and let them know that you will never, ever pass on their details to ANYONE!

ONLY send people valuable information (like this free guide) or a genuinely special offer. I also strongly recommend that you don’t bombard people with email; just one message every week or 14 days is more than enough. I send my Newsletter out once every seven to 14 days, because people hate being bombarded with information; even great information! As a result, very few people ask to be removed from my subscriber list.

Finally, to grow your list, ask readers to forward your emails on. Obviously, making sure all the while, that you abide by the rules governing email marketing in your country.

Telephone marketing – Tele sales

Telephone marketing works – but it’s less effective than it used to be. Not that long ago, you could call someone’s direct ‘phone line and know that if they were in, they would pick up the phone. Today, people from even the smallest of companies screen all their inbound calls with voice mail; to eliminate unwanted interruptions and sales calls. This means you now need to make massively more calls to reach a smaller number of people!

I used to tell the owners of small businesses to learn how to make telemarketing calls and then set some time aside and make those calls! Today, I suggest you outsource the whole process to a proven telephone marketing company. Doing it yourself is now a low-leverage marketing activity, because it requires so much time.

Outsourced telephone marketing is still a high leverage activity, because you will usually only pay per lead or sale.

Traditional networking

Traditional networking is a total waste of your time – avoid it!

Your website

It’s not enough to simply ‘have a website’! Your website needs to work for your business 24 hours a day, 7 days a week; generating leads, making sales or collecting the email addresses of potential clients. If your website is simply an online brochure, it’s costing you a fortune in lost sales, lost profits and lost opportunities!

When your website is supported by a newsletter and some Internet marketing, the results can be transformational. Still not convinced? Without spending a penny on advertising, my Internet marketing often reaches over 2 million people in a week! I will be writing separate guides all about forum marketing, article marketing, pay-per-click and blogging shortly.

Joint ventures

Sometimes known as a J.V, a ‘Joint Venture’ is where you and another business or person get together to (usually) cross-market your services. The key to JV success, is to find someone credible, who offers a non-conflicting product or service to the exact same profile of person or business as you do.

So, if you sell recruitment services to the hospitality industry and they sell employee benefits packages to the hospitality industry – BINGO! They can include one of your flyers or letters in one of their mailings and you can do the same for them; everybody wins. Avoid doing a JV with ANYONE you contacts you via email – unless you know them or can check them out. If in doubt – leave it.

Endorsed relationships

An ‘Endorsed Relationship’ is similar to a Joint Venture – BUT with one BIG and POWERFUL difference! The person you do the venture with actually gives you their professional or personal endorsement. This is marketing gold dust.

For example: Rather than just slipping one of YOUR marketing flyers in with one of THEIR client mailings (as they would in a Joint Venture), they actually write to their clients and give you their full endorsement. This is easily the single most powerful form of referral and one of the most powerful marketing tools on the planet.

I have seen endorsed mailings return a 90% positive response rate!

Conclusion

Obviously, the above list does not cover every marketing option open to you, but I hope it gives you a few ideas.

No matter how good your service is, your future success will be determined by how good you are at winning and retaining good quality clients. As Robert Kiyosaki says, lots of people can make a better hamburger than McDonalds; but very few can sell hamburgers more successfully. In today’s super-competitive economy, your marketing is more important than ever before, so make sure you give it the time and investment it needs!

Your marketing mix part 1

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There’s a common marketing myth, which is REALLY hurting a lot of salespeople and business owners!  The myth is that there is a single, all-powerful marketing technique that they need to find; which will be the answer to their marketing woes.

Your marketing mix

However, successful marketing requires a multi-pronged approach – not a single ‘magic bullet’!  This multi-pronged approach is what we call your marketing mix.

Your marketing mix should consist of numerous different marketing activities (at least 4 or 5), which will combine to provide the leverage required to generate all the sales and leads you or your business need.  Most businesses rely on a single marketing activity or perhaps two.  Yet, when I speak with the owners of successful businesses, I always find they are using at least 8 or 10 high leverage marketing activities – often more!

By the way, when you hear the term ‘high leverage marketing activities’, it simply means activities that produce the ‘highest or best’ results for the least amount of effort and risk.

For example

Obviously, it costs you the same amount of time and money to send a mail shot or marketing email; whether or not it generates new business for you.  You leverage the mail shot or marketing email by making sure you it contains a compelling offer and that is is sent to a targeted audience, with an endorsement from one of their trusted contacts.

Compare this to the typical small business mailshot, which goes straight into the bin or is deleted; because it has a generic offer, sent to a group of people who do not know you and without any trusted endorsement!

Designing YOUR marketing mix

In the second and final part of this article, I am going to show you how to design a marketing mix for YOUR business.