Kim T. Gordon: Marketing
Turn Up the Heat
Increase sales this summer with an integrated marketing program.
By Kim T. Gordon
| July 15, 2004
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Recent Articles By Kim T. Gordon
How's business these days? If the simple answer to that
question is anything but "fantastic" or
"great," it's time to take a serious look at your
marketing program. Here we are halfway through the calendar year,
well into the dog days of summer. And if your business has posted
nearly flat or just slightly increased sales in the first two
quarters, making some swift changes now can help you see dramatic
improvement before year's end. Even if you own a seasonal
retail business and earn a large percentage of your income during
the holiday season, can you really afford to sit by and pin all
your hopes on blockbuster holiday sales? In the more than 25 years I've been helping businesses grow,
I've found one truth to be absolute: The most successful
companies create and diligently pursue an integrated year-round
program that addresses all their prospects and customers. How
does this result in increased sales? - An "integrated" program marries sales with
marketing. In fact, all marketing functions-from advertising
and public relations through direct marketing and production of
collateral materials-exist to support the sales effort. Your sales
team must rely on strategies and tactics that increase awareness of
your brand or company and its products and services as well as
tools and materials that motivate prospects. For this support to be
at its most valuable, and to minimize financial losses due to
off-target campaigns and leads, there must be a continual exchange
of information and ideas between sales and marketing. Salespeople
should keep the marketing team current on the quality of leads,
customer feedback and competitive information. And it's
marketing's job to take this information and create tools that
work, as well as integrated marketing messages that function across
a variety of sales channels.
Customers who shop through more than one channel, such as by
catalog, online and in-store, shop more frequently and spend
more-as much as three times more-than customers who shop via a
single channel alone. The key is to provide the same high-quality
merchandise, customer support, pricing and special promotions
across all channels. So you can increase sales by offering
customers the convenience of more than one sales channel and build
repeat sales by integrating your marketing messages to ensure
customers enjoy a consistently positive experience with your
company or brand. - Marketing in fits and starts is guaranteed to torpedo your
company's efforts. For one thing, it causes financial peaks
and valleys, which can be difficult to struggle through. Meanwhile,
customers and prospects have very short memories and will choose to
buy from or work with the companies-your competitors-that
consistently ask for their business.
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A continuous, year-round marketing program that reaches out to a
full range of prospects is essential to long-term success. At any
given time, you have prospects in all stages of your sales cycle,
from some who are barely familiar with your products and services
to others who are ready to buy. An effective ongoing program
employs tactics that reach out to prospects at all these stages and
helps move them to the next level in the sales process. Choosing just the right group of tactics can be challenging.
When coaching small-business clients, we begin by looking at two
basic elements: the available budget and the amount of time they or
their staffs have to spend on marketing. You don't have to
sacrifice using a range of tactics to reach your prospects just
because your budget may be small. Instead, the trick is to choose
tactics that allow you to attain your sales goals within the budget
that's affordable and appropriate for your company-even if
those tactics take longer or more staff time to implement. - If you truly want to increase sales in the next six months,
create a dedicated program to upsell current customers. In the
rush to win new prospects, entrepreneurs often overlook the current
customer or client base, yet it can cost businesses as much as five
times more to win a new customer than to keep an old one. Do you
have a customer loyalty program? The ones that work best motivate
customers who attain the highest levels-through multiple or
high-ticket purchases-with in-kind rewards.
An regularly scheduled e-mail to your opt-in list of customers
is another way to consistently "touch" them in a positive
way. You can alternate informative and entertaining materials, such
as e-newsletters, with e-mail solicitations. And for a quick,
low-cost method to stimulate sales this summer, combine e-mail with
sales calls to customers. It's just one easy way you can
integrate sales and marketing to turn up the heat.
Kim T. Gordon is an author, marketing coach and media
spokesperson. Her newest book, Bringing Home The Business, identifies the
30 truths that can make the difference between success and failure
in a homebased business. To receive free how-to articles and advice
and get information on coaching and appearances, visit Small Business
Now, a site devoted exclusively to marketing your small
business.
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