Many years
ago, when I was in the fourth grade, we had a student teacher at my school
named Miss Sprunger. She was a very attractive blonde and all of the boys had a
crush on her. At my school, they gave the student teachers the big group
oversight jobs like keeping watch over the students while we ate lunch in the
cafeteria. I remember once when it was breaded tenderloin sandwich day. This
was one of my favorite meals served by the cafeteria staff. You may remember
those perfectly round patties with the golden brown breading encrusting a moist
and flattened piece of pork. I liked mine with mustard and lots of it. It just
so happened that on this particular breaded tenderloin day, Miss Sprunger was
walking near my table when I was eating my sandwich. Now Miss Sprunger had
never actually talked to me, and I was kind of nervous with all of her beauty
getting pretty close to me. I was watching her out of the corner of my eye when
I dropped the breaded tenderloin patty right out from between the buns. It hit
the floor and, being perfectly round, started to roll in the direction of Miss
Sprunger. It stopped when it hit her in the ankle. Did I mention that I liked a
lot of mustard on my tenderloins? It was then that Miss Sprunger spoke the only
words I ever remember her saying to me. "Pick it up!" she said in
disgust, and left to clean off the bright yellow stain on her shoe and slacks.
What
happens when things don't turn out the way you planned them? Do you have a
contingency plan? In today's economic environment, it is important to have some
flexibility to your business plan. It seems every day there is some piece of
news that is another drag on any kind of economic recovery. It seems like
making a plan, especially a marketing plan, is simply futile work with all of
the changes that are happening around us. How can you even predict what the
buying trends of your clients will be with all of the uncertainty in the
marketplace? However, I would suggest that making a marketing plan makes all
kinds of sense if you build some flexibility into it and keep your eyes and
ears open.
Let's take
a look at what a strategic marketing plan is. It is a guideline that lays out
your marketing efforts in a timeline leading up to a point where sales will
take place. It defines how you are going to go about making people aware of
your company's offerings, how you will approach a prospective client to make a
sale, how you will follow up with them, and so on. You might be planning for a
trade show, for instance. Your strategic marketing plan would lay out the
activities you will do before the show, during it and after it is over to
attract business to your company. In our trade show example, that might take
the form of finding out who has registered for the show and doing a pre-show
ticket that gives them a chance to win a TV if they stop by your booth. This is
a common tactic that appeals to people's need for pleasure. People love to win
prizes that cost them nothing and they also like games of chance to see how
lucky they can be. The whole idea is to entice prospective clients to spend
some time with your sales staff, who will tout your products and services, give
the prospect a brochure explaining your best features, and gather contact info
on them. The day after the show is over, your marketing plan would instruct the
sales staff to follow up on all of the prospects they had seen and try to close
the deals as quickly as possible. But what would happen if the attendance at this
trade show was drastically downsized the day before it opened? Let's say there
is an announcement that the biggest employer in town is going to lay off up to
half of its workforce. People aren't in the mood to spend money at a tradeshow
any longer. No matter how good your come-by-my-booth-to-win-a-TV gimmick was,
it will not work in this kind of environment. What do you do? If you are
planning some flexibility into your marketing, you will have a contingency plan
to deal with these kinds of roadblocks. First, find out what you do have to get
your product offerings in front of the prospects. For instance, you still have
contact information on the potential clients from the pre-show ticket. You have
an avenue to make contact with them. Plan on using it. Secondly, change your
strategy to flow with the times you are living in at the moment. If a lot of
people are going to lose their jobs, discretionary dollars will be harder to
come by. You won't be able to entice them with a chance to win a free TV any
longer. Can you reposition your product offerings to be necessities of life?
(See my article, The Essential Non-essentials) You might need to let them know how
they can still have your products without paying everything now. Call it a
layaway plan and take payments from them. Extend service offerings at no extra
charge. Change your marketing tactics and the tone of your advertising to be
one of survival rather than one of pleasure.
In reality,
you cannot think of every little thing that might happen to alter your
marketing plans. Granted, but I would suggest you come up with an
"if/then" approach to your strategy. Come up with the best-case
scenario, where everyone is feeling good and there is nothing blocking the way
for your customer to buy from you. Next, ask yourself, "what would I do if
there were some roadblocks for my customer? What would some of their objections
be to making a purchase from me?" What might some of those roadblocks be?
Could you remove them? If not, how could you navigate around them from a
marketing perspective? This is where thinking through your marketing plan will
help you stay afloat when things don't turn out the way you expected.
As far as my love of breaded
tenderloin sandwiches go, I learned my lesson back in fourth grade. I now only
eat the jagged edged tenderloins instead of the round, pre-cut variety.
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Photo by Bora Ucak