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8 Common
Marketing Mistakes to Avoid | |
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Advertising can be one of the fastest ways to market and grow your business
or it can be one of the quickest ways to go out of business. With the right
ad you can attract clients to your business and increase your profits. With
the wrong ad you can spend your way into bankruptcy.
By Charlie Cook
Contributing Author
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Advertising can be one of the fastest ways to market and grow
your business or it can be one of the quickest ways to go out of
business. With the right ad you can attract clients to your
business and increase your profits. With the wrong ad you can
spend your way into bankruptcy.
To grow your business you need to attract the attention of
your prospects, advertising can help you do so if used
correctly. Unfortunately, many small businesses owners waste
thousands of dollars on advertising efforts that only achieve
minimal results.
If you want to get the most from the money you spend to
promote your products and services, make sure to avoid these
common mistakes.
Focusing on Your Products and
Services.
If you want to get the attention of your prospects, speak to
their needs and wants. Your prospects' primary concern isn't
that you've been in business for 25 years; it is do you know the
problem they want to solve. Use your ad to identify at least one
common problem of your prospects and the benefit of using your
product or service.
Having a Weak Marketing Message .
All to often you hear ads and it takes some thought to figure
out what they are even promoting. Make sure your advertisement
includes a 7-10 word description of whom you serve and the
problems you solve so people who read or hear your ad know how
you can help them.
Using the Wrong Words.
A word here, a phrase there can change your response rate by
hundreds of percent. When you spend money on advertising, first
test a number of versions of your copy to identify the one that
works best. Just by revising her ad copy so it was client and
problem centered, I helped one small business owner achieve her
best month in sales ever.
Missing Motivation.
Most ads miss the mark in moving prospects to action. If you
want to prompt prospects to visit your web site or your store or
to contact you, include an offer that motivates them to do so.
Lacking in Frequency.
Some people make spur of the moment buying decisions, but most
need to become familiar with your services and products, and
this takes time. If you want your advertising to work, you need
to ensure that your prospects see or hear it regularly.
Web Sites that Don't Move Prospects
to Action.
Many small business owners direct prospects to a web site where
they have more extensive content covering available services and
products. I constantly get calls from people who have been
successful at attracting prospects to their web site, but
generate few sales.
Once prospects get to your web site make sure the content and
visual organization moves them to take the action you want them
to. Whether it is providing them with ample opportunities to
fill in your service inquiry form, or including a subset of your
product catalog in your web page navigation bars, help prospects
move to client and customer status.
Lack of Follow Up .
Sometimes making a sale requires sending a note or picking up
the phone and calling your prospects. If you have an effective
lead generation strategy, prospects will provide you with their
contact information and the problem they want solved. Use the
web, email, and the phone to follow up and close the sale.
Lack of Tracking .
If you are making more from your advertising than you are
spending, you're ahead. Frequently small business owners can't
tell you which of their efforts helped bring in the business.
Track each of your ad campaigns and you'll know where to spend
your money in the future, what to modify and what to eliminate.
- Do you know how many sales and how much money you made
as a result of each of your advertising campaigns?
- Are you making any of the above common marketing
mistakes?
- What elements of your marketing should you change?
Put your marketing house in order .
Fix your strategy and your materials. If you don't know what to
change or how to change it, use experts to help you with
strategy, copyrighting, design, PR, and media placement.
Avoid these common marketing mistakes and you'll find ore
people contacting you about your products and services and that
your making more than your spending on your advertising.
About the Author:
Charlie Cook helps independent professionals and small
business owners attract more clients and be more successful.
Sign up to receive the F*ree Marketing Guide and the 'More
Business' newsletter, full of practical tips you can use at
http://www.charliecook.net
March 2, 2004
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