
Originally Posted by
Christine Sutherland
In tough times we have to get smart about wastage in marketing and eliminate as much as possible. The old scatter-shot approach to marketing is completely inefficient and unaffordable if we're to be competitive and survive, let alone thrive.
The most important thing we must do right now is check whether we are equipped to survive. For those in traditional retail for example, the answer is a resounding "no".
The question "do I offer a highly-differentiated product or service that there is a proven market demand for, at a price which is competitive, using purchase methods that suit changing consumer buying patterns" is one that must be answered truthfully and courageously.
There are so many companies and consultancies that cannot truthfully say yes to that question and are therefore becoming more and more obsolete by the day.
Once you've established the validity and viability of your business, you can market with confidence, however you must realise that there is only 1 form of marketing which actually works and that is relationship building. This is not selling. If you have a value proposition all you need do is engage one-on-one with your audience and allow them to get to know you. You'll have all the clients you need and word of mouth will take care of the rest. Word of mouth remains the speediest and most exponentially effective marketing strategy on the planet.
Remember, blockbuster movies that do over a $billion do that on word of mouth, despite what critics may say about them. The average person influences 6-10 others - do the maths on that and you can see why.
Once you really get this secret your marketing will be more like party time than work :-)
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