I packed a yogurt cup with me as I left the house this
morning. I love yogurt. It is a good pick me up late in the afternoon. I like
the chunkier, fruit flavored yogurts. They tell me it is good for me too. So I
was off to a good day, that is, until I got ready to eat my yogurt this
afternoon and realized I had not picked up the one key tool I needed: a spoon.
Have you ever tried to eat from a yogurt cup without a spoon? Let me explain
that no other method or no other utensil compensates for a spoon. You cannot
effectively fork eat yogurt. Neither can you drink it from a straw. It will not
shake out of the container into your mouth. If you are going to eat yogurt, a
spoon is an essential tool.
In marketing, we also have tools that we use. They are key
to the way we do business. For instance, you may have printed materials that
you use, such as brochures and business cards. You probably have internet based
tools like a web site, an eblaster, social media, perhaps even an app or two
for mobile customers. You may have trade show displays, outdoor signage,
videos, wrapped company vehicles, and company logo wear. How effective are you
in using these tools? The answer to that is really based upon your
understanding of two concepts which are vital to successfully marketing your
company’s products and services.
All marketing is leading to a sale
The purpose of all marketing is to lead to a sale. That sale
may not happen for a very long time or it may happen shortly after a marketing
tool is used. In order to understand which tool to use, you have to understand
what phase of marketing you are using. We break marketing into three phases
(see my article The Three Buckets of Marketing.) One phase is designed to lead to another.
Awareness Marketing helps a customer understand who you are and what you are
selling. First Time Sales Marketing is geared towards making an offer so that
the customer has to make a decision about making a purchase from you. Retention
Marketing is about keeping a customer past the initial sale. These phases then
recycle as you make your retained customer aware of new products, get them to
buy it for the first time, and retain them once again. Specific tools are
designed to work well with Awareness, but do not work well with First Time
Sales or Retention Marketing. For instance, putting your logo on a shirt and handing
them out to potential customers in your target market will make them aware of
your brand. If you are effective in your message and design of the shirt, they
will become aware of you. However, logo wear is not going to make them sign a
contract with you. When you are building a marketing campaign, you need to
understand that you need tools to effectively reach customers in each phase of
marketing.
What are you promoting?
The second concept you need to understand comes from a clear
focus on what you are promoting. Marketing is tasked with the promotion of
whatever your company is selling – either a product or a service. (Even if you
are a not-for-profit organization, you are promoting something that is
important to your corporation surviving, even if it is goodwill towards
people.) We have web sites and brochures that describe these products and
services. Marketing is also given the task of promoting and guarding the
reputation of the company’s brand. We have all known companies where their
products were good, but they fell victim to a bad corporate reputation and
everything collapsed around them. It is the job of marketing to promote the
company name in a positive light. Again, there are tools that work better for
promotion of the products and services and others that are better for promoting
the good name of the company. For instance, you may sponsor a charitable event.
This is a great way to promote the company so that the community has good
feelings about you. Some may argue that there is no connection between the
marketing dollars spent on such an event and sales. But if you understand that
you are promoting the company brand in your goodwill spending, it does help
with sales in the long run. If it works the correct way, promotion of the
company leaves a potential customer with good feelings about your company and
they are more inclined to do business with you – a good corporate citizen –
then some other company they have never heard of before. Which tools do you use
in each case?
Too many times I see clients of ours fall in love with one
tool or the other. The method becomes more important to them than the thought
of using the correct tool for the situation. When you are making your marketing
plans, understand what you are promoting – the product or the company brand –
and the correct tool for each of the three phases you will encounter in those
promotions. If you can make your plans in this order, you will keep yourself
from being ineffective in your use of your marketing tools.
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Photo by De-kay