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Get Business Now: Play by the Marketing Rules
Marketing a business is like any game. If you know the rules you are much more likely to win. All to often small businesses spend their limited time and money on advertising, networking, making calls, mailings, meeting with prospects, yet only achieve ...
How Much Is Your Popcorn Worth?: Powerful Lessons In Marketing And The Psychology Of Selling - Part 6
Additional Lessons from Popcorn MarketingI'm assuming that the movie theatres have tested their price point and figured out what the highest price is that they can charge and get away with - the highest price the market will be willing to pay.And, that's ...
Niche Internet Marketing Tactics Part I
When it comes to marketing online you need to focus like a lazer. If you try to appeal to a large audience it will be hard to generate a high conversion rate (amount of people buy your product/amount of people that view your site). Maximizing your sites ...
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Although he did not disagree with the concept, he re-focused the discussion on the importance of an enterprise establishing their marketing message and objective even BEFORE contemplating their traditional or Internet marketing strategies. What an excellent point! What about you...
* Have you created a clear and concise marketing message?
* Have you defined your customer benefits and integrated them into your message?
* Have you established a measurable objective to determine your success by?
Your Marketing Objective Defines Your Results
Business owners and marketers have a tendency to think in broad terms about their marketing objective by focusing on ones such as "generating traffic" or "designing a website." Instead, the effectiveness of their internet marketing strategies should be driven by specific marketing objectives established from the end result required of the business to be economically sustainable.
For example, "generating traffic" is not directly tied to a financial objective like "generating a cost per sale of $75." The common misperception of "traffic equals sales" has wasted tremendous amounts of business' capital on poor quality website traffic. In addition some businesses have developed negative attitudes towards Internet marketing by falsely associating poor results to it instead of to a lack of an objective.
Recently a new client described his horror story of spending a significant part of his budget on contracting with a paid search service provider. The resulting paid search campaign was a major failure in terms of satisfying the client management's net profit objective. Actually, to be precise, the campaign caused a massive negative net profit.
After asking further questions to understand why the situation occurred, I discovered that the blame could not be attributed to the service provider's failure to perform but instead to the client's failure to define the correct marketing objective.
The client contracted with the service provider under an objective of "generating traffic" versus "generating a positive net profit." The goal of "generating a positive net profit" involves a more strategic performance-centered setup and management of a paid search campaign which this particular service provider was not capable of delivering through their business model.
Unfortunately, directed by the client's defined objective, the service provider delivered massive volumes of paid search "visitor traffic" which failed to satisfy the client's non-communicated but expected
increase in positive net profit.
Your Marketing Objective is the Balance between Determining Success and Failure.
By defining a measurable objective, an internet marketing strategy is regulated by the resulting increase or decrease of it. From this perspective, a simple "yes/no" decision is made as to the success of a particular strategy: "Yes" it achieved the marketing objective and should be maximized; or "No" it fell short of achieving the marketing objective and should be dropped or the message adjusted and tested again. Without a measurable objective, the success of an internet marketing strategy is determined by subjective means versus real data.
A Clear and Concise Marketing Message Ensures Achievement of Your Objective
The marketing message is essential for generating performance from your Internet marketing strategy. Rather on your website, landing page, or paid search ad, the message attracts visitor attention, qualifies the type of visitor and persuades the visitor to complete your defined marketing objective.
An excellent book written by Doug Hall titled, "Jump Start Your Business Brain" outlines three essential components every effective marketing message should include. They are:
1. Overt Benefit: answers the customer-centric question of "what's in it for me?" 2. Reason to Believe: what persuasive credibility shows that you will do as you promise? 3. Dramatic Difference: what is your uniqueness to the customer?
The rudimentary knowledge gained from these three essentials is that you must focus on your visitor and answer their buying questions. By satisfying your visitor's needs in a manner that persuades them to buy, they will correspondingly satisfy your needs.
Are You Satisfying Your Visitor's Needs?
An easy way to assess whether your marketing message is even capable of satisfying your visitor's needs is to count the number of times your website copy states "you or yours" versus "we and us". Although primitive, this exercise will immediately tune you in to where your marketing message is directed. If you're talking more about "we" then about "you" then you're focusing on the wrong message.
Instead of spending more time on developing a traffic generation strategy, re-focus your time and thinking on developing an effective marketing message with a measurable objective. Ultimately your traffic generation strategy will achieve higher returns and stronger results when you attract the most qualified visitors through an effective marketing message and gain "data-driven" insight from a measurable objective.
About the author:
Kevin Gold is CEO of Enhanced Concepts, specializing in turning website visitors into leads or sales, co-editor of WebSalesability.com and published writer. Get a free report, "12 Sure-fire Ways to Increase Your Website Sales" and an exclusive 5-day website conversion email course by visiting www.enhancedconcepts.com.
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