1. START SOMEWHERE
If you’ve never built a marketing plan, build one. If you have one, review it to ensure you are following it. Even if you take an hour or two on a weekend or after the kids are asleep-just do it. Not having one will ensure you of one result – failure when it comes to your marketing. For help building a plan, there are several resources available on-line.
Many times when we meet with a client and review their marketing, we typically find they are using at least one type of media that may not even be a real fit for their target. When we ask “why?”, it’s most likely someone “sold” them on the fact, “this magazine is great” or “everyone listens to this show”, etc. Having a plan keeps you from spending money on marketing and media that isn’t going to deliver a true return on investment.
3. KNOW YOUR “BREAK-EVEN” POINT
Speaking of return on investment, it should be a key component of your marketing plan. The math in this process is fairly simple and should be considered for each aspect of your marketing or media. If you can determine how many leads you need to “break even” you can better determine how many leads each marketing component needs to deliver to be profitable. Click HERE to request a free consultation on “Determine Your Marketing ROI”.
Every business has competitors that are either always in front of them or just nipping at their heels. If some of these are having success with their marketing plan, why not look to those elements that seem to be driving leads? Maybe there are some components you can use, but with your own business’ spin to in a way that still lets you have your own approach.