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Write You - Maximising the Marketing Communications Budget
How To Increase Your Online Sales Dramatically >If you’re a small fish then swim upstream or downstream of the big ones Taken from Adam Morgan’s book ‘Eating the Big Fish’ this rule simply says that challenger brands need to do things differently to the competitionDear Friend,People are always asking, “How can you help to increase my internet sales?” And all too often, when I ask them to tell me about their business models I discover they’re selling only one product. So I ask them, “Have you ever considered selling backend products to your customers?”Backend products are simply other products you can offer to your existing customers after they’ve made their initial purchase.In fact, by adding just one more product to your site, you can increase the lifetime value of your customers–and increase your revenue–by 30 to 50 percent.For example, you can:Offer products that complement your initial produ 9 Sponsorship is for laughs If you have many millions of pounds or dollars to spend then sponsor a premiership football club. If your budget is smaller avoid spending too much money on simple brand awareness and make sure your brand values, unique selling points and call to action are built into your marketing communications 10 Integrated communications are impressive Even better than repeating your message to one person in the same medium is getting that message across to that person through different marketing communications. A direct mail piece, an e-shot, a press ad combined with a PR article come together to make your budget look much bigger than it is< Full-time to Freelance: More IT Pros Are Becoming Contractors - Will They Succeed Probably the hardest task that every senior marketing manager regularly faces is planning to maximise budget efficiency. Nowhere is this more challenging than when deciding on where to spend the marketing communications budget.IT pros are leaving the corporate world like traders at the closing bell on Wall Street--fast and en masse. That's the inside scoop from an IT executive friend of mine at a Fortune 500 bank. According to my source, in the last two months 70 percent of his IT employees that quit their corporate jobs are leaving to become consultants.The reasons are typical--consulting simply offers techies more money and personal flexibility than the corporate grind. While the gleam of freedom and riches is still bright in the eyes of newly minted contractors, I decided to ask a simple question: In the long run, will these contractors succeed?Five Best The exponential growth of new media covers every aspect of life from the second your (digital of course) radio alarm goes off in the morning through all the traditional offline media you’re exposed to over the course of the day. Once we go online and explore the huge demands on the budget related to email marketing, search engine optimisation, pay per click, web design and a plethora of other online marketing opportunities, the budget dilemma seems to become impossible. Various studies indicate the average person living in a developed country is exposed to anywhere between 3000 and 7000 differing advertising messages per day. If you’re targeting that person, then how do you choose the one or two messages that are going to grab their attention and generate the right response? Even for highly experienced marketers these are not easy decisions. Some will claim to take a highly scientific approach but in this article we will treat the budgeting exercise as a combination of art and science. The answers can be found in a few key areas: The size of your brand and business, the nature of your target market, the relative size of your competitors, the level of experience you have gained from previous marketing activity and your personal predisposition to believe in a particular approach. I’ve packaged that into Ten golden rules for planning an integrated advertising campaign: 1 Repetition builds awareness builds response Don’t spread your budget too thin. It’s better to repeat your message three or four times to the same person in the same media than to spread your message to a wider audience that may only see it once or twice 2 Online marketing is fashionable but that doesn’t make it right for your business If you know you can build your business by increasing your web visits then online expenditure makes sense. But if your business model is not dependent on your website be careful about throwing all your money online 3 The smaller your budget the more benefit Public Relations can provide Public Relations takes time and effort but the results can be amazing and the monthly fee often equates to just one advertisement 4 The bigger your business the more important brand building As a massive generalisation, small businesses need to focus on building response and every penny they spend on marketing is looking for a short-term return. In the long run it’s the budgets that invest in brand building that win but there’s no point in worrying about that when your budget is small. 5 Direct Mail and e-shots are the starting point for most small businesses You can directly compare costs with return. 6 No more than 50% of your budget online OK that’s not really a golden rule as some businesses can prosper never appearing outside the virtual world. But it’s rare to find a target market that is not responsive to offline communications and on average over 50% of ‘commercial’ web visits are driven by traditional media. 7 Information Is Power Quite simply the more you understand your target market and their media consumption the better you can plan campaigns that connect with them. Also if something has worked before it will probably work again, but not in quite the same way. So learn from your successes as well as your mistakes. 8 Don’t swim with the big fish If you’re a small fish then swim upstream or downstream of the big ones Taken from Adam Morgan’s book ‘Eating the Big Fish’ this rule simply says that challenger brands need to do things differently to the competition 9 Sponsorship is for laughs If you have many millions of pounds or dollars to spend then sponsor a premiership football club. If your budget is smaller avoid spending too much money on simple brand awareness and make sure your brand values, unique selling points and call to action are built into your marketing communications 10 Integrated communications are impressive Even better than repeating your message to one person in the same medium is getting that message across to that person through different marketing communications. A direct mail piece, an e-shot, a press ad combined with a PR article come together to make your budget look much bigger than it is< Are You Stunting Your Business Growth? (Second Article of 2) e the one or two messages that are going to grab their attention and generate the right response? Even for highly experienced marketers these are not easy decisions. Some will claim to take a highly scientific approach but in this article we will treat the budgeting exercise as a combination of art and science.Getting people into your business does presuppose that you'll take their advice!I've only ever found two companies who didn't want to grow their business! And a recommendation I made to one of the companies would have doubled their turnover, with practically no work on their part!You don't need to let hidden opportunities or threats stunt your company growth. It's simply a matter of having the courage to employ someone who can stand outside your business, whilst understanding its principles and give you an unbiased report.Who Should You Employ To Act As The External Observer? To get the best from your consultant you need someon The answers can be found in a few key areas: The size of your brand and business, the nature of your target market, the relative size of your competitors, the level of experience you have gained from previous marketing activity and your personal predisposition to believe in a particular approach. I’ve packaged that into Ten golden rules for planning an integrated advertising campaign: 1 Repetition builds awareness builds response Don’t spread your budget too thin. It’s better to repeat your message three or four times to the same person in the same media than to spread your message to a wider audience that may only see it once or twice 2 Online marketing is fashionable but that doesn’t make it right for your business If you know you can build your business by increasing your web visits then online expenditure makes sense. But if your business model is not dependent on your website be careful about throwing all your money online 3 The smaller your budget the more benefit Public Relations can provide Public Relations takes time and effort but the results can be amazing and the monthly fee often equates to just one advertisement 4 The bigger your business the more important brand building As a massive generalisation, small businesses need to focus on building response and every penny they spend on marketing is looking for a short-term return. In the long run it’s the budgets that invest in brand building that win but there’s no point in worrying about that when your budget is small. 5 Direct Mail and e-shots are the starting point for most small businesses You can directly compare costs with return. 6 No more than 50% of your budget online OK that’s not really a golden rule as some businesses can prosper never appearing outside the virtual world. But it’s rare to find a target market that is not responsive to offline communications and on average over 50% of ‘commercial’ web visits are driven by traditional media. 7 Information Is Power Quite simply the more you understand your target market and their media consumption the better you can plan campaigns that connect with them. Also if something has worked before it will probably work again, but not in quite the same way. So learn from your successes as well as your mistakes. 8 Don’t swim with the big fish If you’re a small fish then swim upstream or downstream of the big ones Taken from Adam Morgan’s book ‘Eating the Big Fish’ this rule simply says that challenger brands need to do things differently to the competition 9 Sponsorship is for laughs If you have many millions of pounds or dollars to spend then sponsor a premiership football club. If your budget is smaller avoid spending too much money on simple brand awareness and make sure your brand values, unique selling points and call to action are built into your marketing communications 10 Integrated communications are impressive Even better than repeating your message to one person in the same medium is getting that message across to that person through different marketing communications. A direct mail piece, an e-shot, a press ad combined with a PR article come together to make your budget look much bigger than it is< How to Calm Cranky Customers Without Blowing Your Stack r message to a wider audience that may only see it once or twiceThere isn't a day that goes by that I don't hear another small business owners complaining about some of the customers they have to do business with. Some of them REALLY are legitimate complaints, but after listening to 100's of different complaints, I have found the root of most of them is a lack of understanding. Therefore, I hope this article gets you on the road of addressing complaints and customer problems in your home business.The first step is to get past the irritation. It's only human nature to get a little upset when a customer writes to complain about something totally stupid. Complaints like: It's been two whole weeks and I haven't seen my ad on 2 Online marketing is fashionable but that doesn’t make it right for your business If you know you can build your business by increasing your web visits then online expenditure makes sense. But if your business model is not dependent on your website be careful about throwing all your money online 3 The smaller your budget the more benefit Public Relations can provide Public Relations takes time and effort but the results can be amazing and the monthly fee often equates to just one advertisement 4 The bigger your business the more important brand building As a massive generalisation, small businesses need to focus on building response and every penny they spend on marketing is looking for a short-term return. In the long run it’s the budgets that invest in brand building that win but there’s no point in worrying about that when your budget is small. 5 Direct Mail and e-shots are the starting point for most small businesses You can directly compare costs with return. 6 No more than 50% of your budget online OK that’s not really a golden rule as some businesses can prosper never appearing outside the virtual world. But it’s rare to find a target market that is not responsive to offline communications and on average over 50% of ‘commercial’ web visits are driven by traditional media. 7 Information Is Power Quite simply the more you understand your target market and their media consumption the better you can plan campaigns that connect with them. Also if something has worked before it will probably work again, but not in quite the same way. So learn from your successes as well as your mistakes. 8 Don’t swim with the big fish If you’re a small fish then swim upstream or downstream of the big ones Taken from Adam Morgan’s book ‘Eating the Big Fish’ this rule simply says that challenger brands need to do things differently to the competition 9 Sponsorship is for laughs If you have many millions of pounds or dollars to spend then sponsor a premiership football club. If your budget is smaller avoid spending too much money on simple brand awareness and make sure your brand values, unique selling points and call to action are built into your marketing communications 10 Integrated communications are impressive Even better than repeating your message to one person in the same medium is getting that message across to that person through different marketing communications. A direct mail piece, an e-shot, a press ad combined with a PR article come together to make your budget look much bigger than it is< Using Charity Credit Cards to Help those Who Need It s no point in worrying about that when your budget is small.Charity credit cards are a great way to show support for a certain charity. Many credit card companies offer a wide variety of reward programs, but many people find they really do not need those types of rewards. So credit card companies began teaming up with charities to offer people an easy way to support the charity of their choice. When a person uses a charity credit card a percentage of the amount charged to their credit card goes to the charity.Charity credit cards make a person feel good every time they use their credit card. While it is nice to donate to charity, this can be a problem. Most people get carried away and think that they are doing go 5 Direct Mail and e-shots are the starting point for most small businesses You can directly compare costs with return. 6 No more than 50% of your budget online OK that’s not really a golden rule as some businesses can prosper never appearing outside the virtual world. But it’s rare to find a target market that is not responsive to offline communications and on average over 50% of ‘commercial’ web visits are driven by traditional media. 7 Information Is Power Quite simply the more you understand your target market and their media consumption the better you can plan campaigns that connect with them. Also if something has worked before it will probably work again, but not in quite the same way. So learn from your successes as well as your mistakes. 8 Don’t swim with the big fish If you’re a small fish then swim upstream or downstream of the big ones Taken from Adam Morgan’s book ‘Eating the Big Fish’ this rule simply says that challenger brands need to do things differently to the competition 9 Sponsorship is for laughs If you have many millions of pounds or dollars to spend then sponsor a premiership football club. If your budget is smaller avoid spending too much money on simple brand awareness and make sure your brand values, unique selling points and call to action are built into your marketing communications 10 Integrated communications are impressive Even better than repeating your message to one person in the same medium is getting that message across to that person through different marketing communications. A direct mail piece, an e-shot, a press ad combined with a PR article come together to make your budget look much bigger than it is< Mastermind Blogs - Advantages, Tips and How To Start >If you’re a small fish then swim upstream or downstream of the big ones Taken from Adam Morgan’s book ‘Eating the Big Fish’ this rule simply says that challenger brands need to do things differently to the competitionI have been in mastermind groups for a couple of years. I find them extremely helpful and now an essential part of doing business. I' have read a lot of articles and books about how to have a successful mastermind group. My groups have gotten better over time because the ideas I read about. An idea of mine that my second mastermind group has started using is a mastermind blog.We use our private mastermind blog to keep accountable in between meetings. This has been extremely beneficial. We can post what action items we worked on that day, or a resource that we found helpful.For me, this has really spurred me on to get my items done on a more cons 9 Sponsorship is for laughs If you have many millions of pounds or dollars to spend then sponsor a premiership football club. If your budget is smaller avoid spending too much money on simple brand awareness and make sure your brand values, unique selling points and call to action are built into your marketing communications 10 Integrated communications are impressive Even better than repeating your message to one person in the same medium is getting that message across to that person through different marketing communications. A direct mail piece, an e-shot, a press ad combined with a PR article come together to make your budget look much bigger than it is Finally, there’s an 11th rule too! If you can’t afford it then that rules it out. It seems obvious but a lot of highly experienced marketers make the mistake of wanting to try media they perceive to be prestigious such as National TV that soak up more than 50% of their budget and leave a lot of the more hard working, cost effective, demand driving media unaffordable. To summarise, it’s art and science coming together, there are no definite right answers but there are a lot of obviously bad ones. If in doubt get an integrated marketing agencyto help you decide. Specialist agencies will always try to get as much of your budget as they can. An integrated agency might want almost your entire budget but it will work with you to maximise its effectiveness!
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