Definition: An unconventional way of performing marketing activities on a very
low budget
Guerrilla marketing is quite different from traditional marketing
efforts. Guerrilla marketing means going after the conventional
goals of profits, sales and growth but doing it by using
unconventional means, such as expanding offerings during gloomy
economic days to inspire customers to increase the size of each
purchase.
Instead of asking that you invest money, guerrilla marketing
suggests you invest time, energy, imagination and knowledge
instead. It puts profits, not sales, as the main yardstick. It
urges that you grow geometrically by enlarging the size of each
transaction, having more transactions per year with each customer,
and tapping the enormous referral power of current customers. And,
it does it through one of the most powerful marketing weapons
around--the telephone.
The telephone is a remarkably effective follow-up weapon. Don't
use the phone to follow up all your mailings to customers, but
research has proved that it will always boost your sales and
profits. Sure, telephone follow-up is a tough task. But it works.
Anyhow, no one ever said that guerrilla marketing is a piece of
cake.
E-mail ranks up there with the telephone, possibly even out
outranking it. It's inexpensive. It's fast. It lets you prove that
you really care. It helps strengthen your relationship.
Lean upon your website as well. Instead of telling your whole
story with other marketing, use that other marketing to direct
people to your site. Then, use the site to give a lot of
information and advance the sale to consummation. A key to online
success is creating a brief and enticing e-mail that directs
readers to a website that give enough information for a person to
make an intelligent purchase decision.
Guerrilla marketing preaches fervent follow-up, cooperation
instead of competition, "you" marketing rather than "me" marketing,
dialogues instead of monologues, counting relationships instead of
counting sales, and aiming at individuals instead of groups.
All guerrillas realize that the process of marketing is very
much akin to the process of agriculture. Their marketing plans are
the seeds they plant. Their marketing activities are the
nourishment they give to each plant. Their profits are the harvest
they reap. They know those profits don't come in a short time. But
come they do if you start with a plan and commit to it.
Guerrillas know they must seek profits from their current
customers. They worship at the shrine of customer follow-up. They
are world-class experts at getting their customers to expand the
size of their purchases. Because the cost of selling to a brand-new
customer is six times higher than selling to an existing customer,
guerrilla marketers turn their gaze from strangers to friends. This
reduces the cost of marketing while reinforcing the customer
relationship.
When your customers are confronted with their daily blizzard of
junk mail and unwanted e-mail, your mailing piece won't be scrapped
with the others and your e-mail won't be instantly deleted. After
all, these folks know you, identify with you, trust you. So they'll
be delighted to purchase--or at least check out--that new product
or service you're offering. They'll always be inclined to buy from
a company they've patronized.
Guerrillas are able to think of additional products and services
that can establish new sources of profits to them. They're
constantly on the alert for strategic alliances--fusing marketing
efforts with others in order to market aggressively while reducing
marketing investment.
The internet and your bookstore are teeming with a treasure
trove of marketing tactics that can help you discover smart
guerrilla marketing tactics. But learning about them is only half
the battle. If you don't begin putting them into practice, you
won't see the results these type of marketing efforts can have on
your bottom line.
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