5 Tips to choose the best Marketing for YOUR Business
Did something catch your eye in a direct mailing this past week? Have
you recently gone to a website and encountered something entirely new
that you'd like to try out? Did a friend try out a new marketing idea
and generate a few thousand dollars of extra business overnight?
As a small business owner, it's all too easy to get caught up in the
hype of new marketing techniques that promise quick rewards for little
cash.
And especially in certain marketing circles, the marketing materials for
a new whizbang idea are so compelling, you're driven to dump everything
you've been doing in order to start trying the latest, greatest end-all
be-all marketing technique right away. But this can be dangerous to your
bottom line -- or even your entire business.
Whenever you try out a new marketing idea, it's important to proceed
with caution.
Here are 5 quick tips to keep you on track:
1. "If it ain't broke, don't fix it."
If you have been sending out a direct mailing that steadily brings in
business at a rate that you are happy with, don't stop using this technique
just to put new life in your marketing plan.
Instead, test different types of offers/approaches/what have you using
a small portion of your mailing list (10% is a good start), see what works
best and then test some more using that approach as your control. Make
sure that you apply whatever you learn from these tests to your other
campaigns, and then test some more.
2. Measure your results in order to determine what works best.
There's no reason to try something new if you're not able to see what
works.
For example, I recently tested a different approach on a page on my website.
To see if the new copy worked, I sent prospects coming from one online
source to the new page and tested the old version of copy against the
new. I then tweaked the version that worked best until I found a balance
that got the best response from my target audience of small business owners.
3. Marketing isn't just about the numbers.
Sometimes a marketing campaign you've already got rolling doesn't work
its magic right then and there. It has a slower, but longer-lasting effect
that will generate long-term sales for you and build trust in your group
of prospects.
So remember that you're selling to people who need time to warm up to
you and might not respond the first time you try a new marketing tactic.
Give your older marketing idea a little time to work its magic.
4. If it sounds too good to be true, it probably is.
I can't count the number of times I've had clients approach me wanting
to use a new marketing idea because 3 people gave testimonials on a website
stating that they made millions overnight.
I don't doubt the authenticity of many of these testimonials, which often
come from reputable marketers who have built a legitimate business rapidly,
but there is a reason why the vendors selling these sorts of products
use disclaimers stating that the income earned is atypical and may not
work out for you. Their market is not yours, their circumstances are not
yours, and most good things require work to accomplish, regardless of
what is claimed.
But don't let this discourage you. After all ...
It's always OK to try something new; just make sure not to discontinue
the marketing you've been doing that gets results.
The 10% rule works here as well. Spend 90% of your time and money on
marketing that you know has worked before and will work again and again,
and use the other 10% to try new techniques. This way you won't miss out
on a stellar new idea, but you also won't bankrupt your business if your
new marketing idea fails.
5. Wait 3 days to decide.
That's all. Just wait.
Sure, it's tempting to jump right in the moment you read scrumptiously
mouthwatering copy that shows you how countless business people before
you have turned tiny businesses into multimillion-dollar conglomerates
ONLY if you buy today, but that's the point: The copy is designed to get
you to act now.
To ensure that you're making an educated decision, stick a note in your
calendar to revisit the idea after 3 days and see if it still looks as
good as it did the day you first encountered it.
In any case, expanding your marketing horizons to include new marketing
ideas is always helpful if it allows you to learn more about what your
prospects are looking for. Just proceed with caution, use a little moderation
and you'll see which one of your new marketing ideas works and which ones
don't in short order.
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