I sat with an exasperated business owner the other day. He
told me that everything he had ever tried to do in marketing was a failure. Now
to be fair, I know he wasn’t telling me the entire truth. His company has a website
from which his customers browse and contact him. He has printed collateral
materials that he hands out to these very same customers. He sponsors customer
appreciation days and golf outings, has a big sign on the front of his headquarters,
yet he is convinced his marketing isn’t working. However, I get what he is
meaning. He means that he is not able to connect the dots between the marketing
methods he has used and the sales he makes. In his thinking, he should be able
to spend marketing dollars and get a return on his investment. You know what?
He is right!
Why would there be a disconnect between marketing dollars
spent and sales? It could be that you are not realizing the impact your
marketing is having on your customers because you never ask them why they are
buying from you. At the same time, there are reasons why your marketing may not
be working. Here are some key questions to help you understand just how much
impact your marketing is having.
Is your brand
distinct?
If there is nothing to separate you from everyone else who
is selling the same products/services as you are, you have a marketing problem.
Whenever consumers cannot make a distinction between you and your competitors,
all you have left to convince them to buy from you is your price point. You
have to be the lowest bidder because you have become a commodity to your target
market. The other day I saw that a nearby gas station had changed brands. When
that change happened, I could not tell you for sure. All I ever look at when I
pass the station is the price placard they have on display out front. If they
are 1¢ lower than their competitor down the street, I will purchase their
gasoline. If not, I will go to the competitor’s gas station. You see, gasoline
has become all the same to me, there is nothing distinct about one brand of gas
over another. You do not want to become a commodity in your industry.
The first question you should ask yourself is this: is there
anything different about our product/services when compared to our competition?
If yes, then you need to ask yourself a second and third question: is it clear
to my customers that there is a difference and, if so, does it make any
significant impact on their thinking during their purchasing processes? If you
can answer all of these questions with a "yes,” then you need to market that
distinction at full tilt. If you said "no” to any of these three questions,
then you need to do some work on your product/service offerings. The reason you
have a brand identity is to help your target market understand the key
difference between your brand and your competition’s brand. That difference
should be the deciding factor that your customers were looking for to make a
purchase.
Does your message
connect with customers?
Another problem you may have with your marketing is how well
your message connects with your customers. You may have a very clever tagline
that you use in all of your advertising. You may think it to be a stroke of genius. But if your message is
meaningless to your target market, it is just a bunch of words that are not
helping you sell a thing.
Here are a couple of questions to ask yourself about how
effectively you are connecting with your customers. Do your customers connect
your marketing message with you?
Take your marketing message, such as your taglines and
campaign slogans, and put your competitors’ logos and names in place of yours.
Does the marketing promotion still make sense with your competition making the
same claims? If yes, you have a connection problem. Second, is your marketing
message memorable? Successful marketing campaigns are going to be simple so
they are easy to remember. They will use simple words that are easy to
pronounce. Any catch phrase should be short and to the point, and captivating
enough that people will remember them.
Are you marketing at
the right time?
Marketing is about selling at the right time. If you are
trying to sell ice in December where I live, you have the right product in the
wrong season. Come back in the middle of summer, when it is hot and people are
eating and drinking outside, then you will be successful in your marketing of
ice. Are there naturally slow times for the sales of your products/services? Is
there a season when most of your sales happen? Build your marketing around
these natural selling seasons.
Is your competition
simply better than you?
If your competition is doing things better than you, you
will have a tough time marketing for a sale. Typically, there are four areas
where consumers make a purchasing decision:
Quality, Price, the Time it takes to deliver the product/service, and
Customer Service. How are you doing in these four areas? If you are ahead of
your competition, you can make key marketing points with your customers by
emphasizing these four areas. If you are getting beat by your competition in
most or all of the Big Four, you need to shore up your business. When you do,
you can then market the changes you have made.