Marketing is essential to the success of any
business. I don’t care what you are selling, whether it be a service or a
product, if it is a necessity of life or a luxury, marketing is the discipline
within any business that attracts customers to you. Then why do well-meaning
business people put off marketing like it was akin to paying taxes? Most of the
time it has to do with risk. Marketing can be a risky proposition with no sure
promise of a return. However, with no risk, there is no return on investment – that’s
the way business operates. And without marketing, you simply cannot operate
successfully.
Here are five common excuses for not moving
forward with a marketing plan. If you are using any of these, I can guarantee
you are stifling growth in your business.
I
cannot afford to market my business
When it is working properly, marketing will
pay for itself over and again. Business icon Peter Drucker was fond of saying
this about marketing: "The business enterprise has two - and only two - basic
functions: marketing and innovation. Marketing and innovation produce results;
all the rest are costs.” Most people I meet have no idea how to measure the
success of their marketing efforts. The big measurement is the bottom line. Are
you making more money, adding new customers, keeping the clients you have
coming back for more? They know money is coming in the business, but they don’t
know exactly how the customer comes to them, how they were initially attracted
to their business. A good marketing plan will help you measure your success in
marketing. Once you see this connection you will see where your marketing
dollars are investments and not costs.
We
did some marketing last year and I think we are good for this year
In a free market, if you are not marketing
your business, you will eventually be overtaken by your competition. Marketing
is not something you do once a year, like buying your wife a birthday gift, and
you are good for another year. Marketing is an ongoing strategy to draw
business inside your doors. A good marketing plan is perpetual.
I
have a sales team, so I don’t need marketing
Marketing is a very broad discipline. I am of
the opinion that marketing is not just the job of the person in your company
with a marketing title on their business card. It is the effort of the entire
company. How the customer is treated from sale to delivery all falls under the
marketing umbrella. How so? One of the tasks of marketing is to put your
business brand in a favorable light. You may have a great logo and great
prices, but if you treat customers like they are something to be scraped from
the bottom of your shoes, you will lose them. What is sometimes lost is that
customer service has as much to do with your brand as anything else you will
do. It all falls under marketing. If you think you don’t need marketing because
you have a sales team, you are fooling yourself because marketing is the job of
everyone in the company. With social media so big and so immediate, today that
fact is truer than ever before in my business experience.
Customers
must be happy, no one ever complains to me
All you need to know to move forward in
business is commonly found in the opinions of your customers. In today’s
environment, people expect that you take their opinions seriously. One of the
reasons that social media has become so big is it gives people a forum to say
whatever they want. People have an opinion of your business. It would be very
smart of you to find out what they think. That may come in the form of a
customer satisfaction survey. It may be getting face-to-face in front of your
clients and asking what they think. But when you get this feedback, what are
you going to do with it? Most companies who do customer surveys compile a
report and proceed to do nothing with the data. A good marketing plan will help
you overcome obstacles that your customers point out. It will also help you
promote the good things about your company. If you ask a customer his opinion,
whether it be good or bad, you should have a marketing plan to take action on
the information you gather.
We’re
just not ready to market ourselves yet
If you are not ready to market your business
products and services, why are you in business? The job of marketing is to
attract business to your company, which is essential to
keeping your doors open. I realize that when a new product or service is being
developed, there is a time when it is not quite ready to come out of the oven.
However, too often this is an excuse to procrastinate. Your products and
services have a life cycle. It is best to get the word out about them as soon
as you can. Marketing is key to all of this.
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Photo illustration by AnsonLu