Posted from a blog on B2B
We’ve all gone through those boring English classes in
school. While some grammar lessons stick with us and others don’t, it’s important for businesses to remember that all it takes is one wrong letter or word to step into a public relations gaffe. Consider the two following statements.
The word “enormity” in the second sentence is in no way related to the word “enormous” despite the syllabic similarities. Instead, “enormity” refers to “extreme evil.”In other words, the second sentence reads: Our business is proud of the extreme evil of our community service efforts. Ouch. Innocent mistake? Yes, but it’s still a public relations gaffe nonetheless. To avoid both internal and external embarrassment with your business, keep these
grammar tips in mind:
I recently read this and thought I would pass it along... As the new year starts, it always good to stop and evaluate where you are and where you are going.
7-Step Easy Marketing Strategy Process Having a strong marketing strategy process
in place helps to ensure that your marketing activities remain aligned with your
business goals, maximizing the business return from your marketing efforts.
I follow a 7-step process for developing and aligning marketing strategy.
These steps are easy to follow, and form a logical sequence from thinking about
the needs of your target customer to defining and executing your marketing
activities. These are the seven steps you should follow to create and execute a
winning marketing strategy:
Step 1: Understand Your Target Customer
Develop a clear picture of your target customer using market research and
analysis. Understand their pain points and the benefits of your solution.
Step 2: Research Your Target Market
Some basic market research should allow you to find market data such as total
available market, market growth (historical numbers and projections), market
Step 3: Analyze Your Competition & Define Your USP
Ask yourself what other choices your target customers have to solve their
pain point. Research and assess the strengths and weaknesses of each. Use the
competitive analysis to identify what is unique about your product or service
and define your unique selling proposition (USP).
Step 4: Research Distribution Channels
What is the best way to deliver your product or service to your target
customers? This will impact your sales strategy and your financials, as well as
your marketing mix.
Step 5: Define Your Marketing Mix
Defining your marketing mix means four key aspects (the four P’s) of your
solution: Product, Price, Place and Promotion. Once you have defined the
marketing mix, you will have marketing activities that you can execute to
deliver real business results.
Step 6: Analyze the Budget & Effectiveness of Your Marketing
Put together your marketing budget and evaluate the marketing ROI, customer
acquisition costs, etc. This data will be used in the final step, Step 7, to
reassess and refine your marketing on an ongoing basis.
Step 7: Constantly Review & Revise Your Marketing
It is important to continuously evaluate the effectiveness of your marketing
strategy, and revise or extend as needed.
1) Set your goals
2) Who is your target market?
3) Determine your budget
4) Select promotional items related to your business, organization, or branding
5) Give useful, quality driven items. Items that the ‘end user’ will actually use.
Step 1 Set your goals. It seems that many businesses go into buying
promotional items with little thought or planning. This is fine, if you have an
unlimited budget for marketing and you do not have to show that your marketing
was effective. Most businesses do not have unlimited budgets and the money spent
on marketing and promotion, needs to do SOMETHING.
The SOMETHING is the goal you set for your marketing. Maybe your financial
status indicates you are behind in sales from the same time the previous year
so, you set a marketing goal to increase sales to last years level. A goal
can also be to increase revenues from the previous year or quarter. Your goal
can be anything you want. You need one though to tell if your promotional
giveaway was successful.
Step 2 Who is your target market? This is a critical step because 95
year old men are not interested in the same things as 30 year old men. So, it is
important that you take your customer files and divide customers into
categories. The categories can be whatever you want but, a sample of a category
is related to money spent such as: one time purchaser, loyal customer, high
dollar spender. You could also set your category related to money spent and age.
The categories are limitless.
Step 3 -Determine your budget. Now that you have all of your
customers divided into categories, you might want to consider selecting a
different promotional item for each category. The high dollar spenders are not
going to be excited about a $3 item while the one time purchaser might be really
OK with it. To decide how to distribute your budget, put a dollar figure with
each level in your category until they total your budget. Give the highest group
the most money and then work down through the other levels.
Step 4 Select promotional items related to your business, organization,
or branding. Given the figures you have estimated for each level of customer,
look for promotional items within that budget range. If you find you can not
give high enough quality to pens to the highest group, with the money you
budgeted that category, then think about either going through and lowering the
other categories. Another option is to decide to only target one or two of the
levels at this time and pick up the other level when the marketing budget has
Step 5 - Give useful and quality driven items. The promotional items you
giveaway will be a reflection of your business integrity so - you want to buy
the highest quality your budget will allow. Giving away fewer items is
better than giving away more and looking like quality is not important to you.