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Sergio
Zyman, former chief marketing officer at the Coca-Cola Company,
once said the purpose of marketing is to sell more of your
product [or service] to more people. You cannot argue with
Mr. Zyman. Regardless of what you sell or to whom you are
selling, you have no business if you don't make sales. And
without good marketing, you cannot have sustainable sales.
The two disciplines go hand in hand and it all starts with
marketing.
Too
many business people, especially small businesses, ignore
basic principles of marketing. They view marketing as an unaffordable
luxury - something that when there are a few extra dollars
lying around, they spend on sporadic marketing communications
and tactics that are often inconsistent and ineffective.
Whether
you work for a large multinational employee benefits firm
or you are an independent recruiter,
the principles of marketing are the same. What is different
are the complexities of your campaigns and the resources available
for these campaigns. And while there is some truth to the
saying "you have to spend money to make money",
you'll be happy to hear that it doesn't necessarily have to
be a lot of money. What is important is that you (a) allocate
some funds for marketing and (b) take the time to develop
a well thought out tactical marketing plan.
Before
embarking on the creation of a tactical marketing plan you'll
need a corporate identity and a clearly stated value proposition.
Your
Corporate Identity and Value Proposition
- The Precursor To Any Effective Marketing Initiative
Before engaging in any marketing or sales, you need to establish
your company's corporate identity and value proposition (positioning
strategy). There is no excuse for having an unprofessional
and inconsistent corporate identity. With services like eLance
(www.elance.com), it is easy and affordable to locate a talented
graphic artist who can help create your logo and identity.
Once created, your identity should be consistently applied
to all your marketing and sales communications (collateral,
sales presentations, web site, etc.). These same communications
must clearly and consistently state your value proposition.
In other words, what makes you different? This is different
from simply stating the generic benefits of the product or
service "category". It is assumed the buyer has
already determined they need the service your company is selling.
Now, explain why the customer should purchase YOUR company's
product or service versus that of a competitor?
When
determining your value proposition and positioning strategy
consider:
· Key customer purchasing drivers: what's important
to your buyers?
· Competitive analysis: what are your competitors offering
and how can you improve on these offerings?
It
may also help to perform an industry structure analysis or
SWOT analysis. And remember, your value proposition may slightly
change for each buying group. For example, the value propositions
for a distributor (i.e., employee benefit broker) and human
resource professional may be slightly different.
Marketing
Communications - The Basics
Now that you have your corporate identity and value proposition,
you'll need some marketing communications that effectively
communicate your message. These communication materials will
be used throughout the "buying process" - to generate
awareness of and interest in your services, to follow-up with
sales leads and to present your products and services to prospects.
Some basic marketing communications you should invest in include:
1.
Marketing web site
The
first impression a potential customer has of your company
is often formed after viewing your company's web site. At
a minimum, your web site should be easy to navigate, clearly
state your value proposition and provide your contact information
- including a phone number. Other things to consider are an
eNewsleter (great way to collect emails of potential sales
leads), downloadable sales brochures and useful information
(industry statistics, articles, etc.) that improves the chances
of your site showing up in search results. And keep the site
current. For example, if the last press release your company
released was in 1998, it's probably not a good idea to list
"press releases" on your web site.
2.
Marketing collateral (brochure)
You'll
need an eye-catching brochure that differentiates and effectively
communicates your company and the value proposition of your
products and services. Consider developing a brochure that
can also be used as a self mailer for your direct marketing
campaigns. This will reduce the need for envelopes and cut
your distribution costs considerably.
3.
Company Stationery
Your
company's stationary will leave a lasting impression with
contacts, prospects and customers. Your stationary should
have a consistent look and reinforce your company's value
proposition.
4.
Proposal
Whether
sent to a prospect in print or via email in PDF format, a
well-written proposal can be a very effective sales tool.
And even if a prospect requests a print proposal, always send
an electronic version - they are easier to share which increases
the chances of multiple parties seeing it.
5.
PowerPoint Presentation
In
addition to your face-to-face sales presentations, a well-designed
PowerPoint presentation is an effective presentation tool
for online presentations (i.e., using services like www.placeware.com)
and can be integrated into your web site as an additional
communication tool.
Developing
a Tactical Marketing Plan
OK. You have a creative design, a powerful value proposition
and both have been effectively applied to your marketing communications.
Now you're ready to develop a lead-generating tactical marketing
plan. The key word is lead generating. Marketing is all about
getting your company's name and message in front of buyers
and generating leads.
The first step is to identify all your potential customer
"contact points". In other words, what are the opportunities
to get your message in front of your prospects? Virtually
all your possible customer contact points will originate from
three sources: (1) publications, (2) conferences and tradeshows
and (3) professional membership associations.
Publications
Publications provide you with direct mail lists for your direct
mail campaigns (assuming the publication rents their subscription
list), advertising opportunities, bylined article submission
opportunities and key editors that you can submit relevant
press releases to. Many publications also have editorial calendars
that present additional opportunities for editorial coverage.
Conferences
ad Tradeshows
Conferences and tradeshows provide you with exhibiting and/or
networking opportunities (sometimes just attending these events
can generate valuable sales leads), speaking opportunities,
sponsorship and advertising opportunities and attendee lists
for direct marketing purposes.
Professional
Membership Associations
In addition to often sponsoring their own membership publications
and tradeshows (see above), joining membership associations
provides you with networking opportunities and the ability
to better understand the needs of your buyers.
Now
that you have identified your potential customer contact points,
it's time to build a twelve-month tactical marketing plan.
At a minimum, consider the following marketing tactics over
a one-year period:
Press
releases
Try to generate at least one press release per quarter and
distribute it over the wire services to key editors and writers
covering your industry and place it on your web site. Chances
are a few of these will make it into key industry publications
and be viewed by your target audience.
Direct
marketing campaigns
Consider at least one direct marketing campaign per quarter.
In addition to always including your own prospect list (i.e.,
from ACT) you should experiment with renting mail lists from
key industry publications.
Advertising
Just because you may not be able to afford full-page 4 color
ads doesn't mean you can't benefit from advertising. Consider
sponsoring a targeted eNewsletter or purchasing a product
listing advertisement in a popular industry publication.
Tradeshow
Attendance
Many vendors only attend the tradeshows that they exhibit
at without realizing that equal value can be obtained by just
attending a conference or tradeshow. Exhibiting at a few major
tradeshows a year is great if your budget permits it, but
you should also consider attending (not exhibiting) at least
four other regional events per year - especially if you have
sales personnel in these regions - in order to conduct competitive
intelligence and network. If you do exhibit, consider implementing
other marketing tactics around the event. For example, you
may do a direct mail campaign prior to the event inviting
attendees to your exhibit, advertise in the conference program
guide, sponsor's magazine or other industry magazine that
has increased distribution at the event, place a promotional
"door drop" in attendees rooms (if permitted) at
the hotel during the show and do a follow-up direct mail campaign
using the attendee list.
Speaking
opportunities
Most major conference organizers accept speaking proposals
from HR practitioners and vendors - so long as they are not
promotional. Keep your eye out for these opportunities and
apply - it's a great way to promote yourself as a trusted
opinion leader and indirectly generate leads.
Conclusion
Locating
all the industry publications, conferences and tradeshows
and then identifying and maintaining key editor lists, editorial
calendars, advertising rates, bylined article opportunities,
list rental policies and fees, exhibiting costs, speaking
opportunities, etc. is a time consuming task but critical.
If you are fortunate to have a pr firm under retainer, they
will do most of this for you. If not, there are services available
to help you. One is HR Marketer (www.hrmarketer.com), a web-based
marketing and pr service for companies who sell to hr professionals.
And finally, it's all about execution. Once your tactical
marketing plan is developed, put your tactics on a calendar
and execute, execute and execute.
About
the Author
Mark
Willaman is founder and president of Fisher Vista,
a marketing and pr firm focusing on the human resource industry.
Fisher Vista's services include public relations, marketing
strategy consulting, market research and creative services.
The company's flagship product, HR Marketer (http://www.hrmarketer.com)
is an ASP that saves marketing and public relations professionals
untold hours of valuable time by aggregating all the information
necessary to implement and manage effective marketing and
public relations initiatives. Specifically designed for those
who sell to human resource professionals, HR Marketer tracks
and maintains information on hundreds of human capital conferences,
trade shows, associations and publications - sourcing key
editors/writers, editorial calendars, speaking opportunities,
advertising and promotional information, exhibiting fees,
list rentals, award competitions, online product directories
and breaking news.
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