I heard this phrase from a business owner recently: We have
always done it this way! I have been involved in marketing for well over three
decades and I have heard that phrase uttered in marketing meetings many times
before. It is typically spoken by managers or C-level executives, but most
commonly from business creators who have been at it for a while. Their success
is built upon their hard work and ingenuity. After a few years of growth, they
all have called in a marketing team from the outside. Why? Because they have
hit a ceiling with their own efforts and want to grow past where they currently
are – and in many cases, they are stuck. This is what happens when the tugboat
becomes an anchor.
Let me tell you about tugboats. Whether you know it or not,
they impact your life every day. Tugboats help much larger ships safely get to
their correct dock in a harbor. They move barges full of goods that we all use,
oil tankers, cargo ships – you name it. I remember being in Boston a few years
ago and watching the tugboats at work.
Tugboats are essential when you are in a harbor. They are to
the seafaring world what forklifts are to a warehouse. They move things to the
correct location and do so efficiently. But what if you are not in a harbor?
What if a large ship is out on the open ocean? Would a tugboat be of any
assistance for such a ship whose captain wants to run their engines at full
speed and get moving? Absolutely not! In fact, at that point, the tugboat is
just in the way. If they are locked up on a big ship, they become an anchor
that hinders the large ship from moving at their potential.
There is a parallel in business, particularly with
marketing. The truth is that marketing has to change over time because we all
sell to people. People are fickle. Their attitudes change with trending
opinions. What worked yesterday might not work as well today. Marketing has to
navigate the waters of change.
How do you do this? First, understand your customers very
well. If you can categorize them into demographic groups, do so. This will help
you get your arms around trending attitudes in various groups. Second,
recognize that any marketing message will grow stale over time. You need to
keep an eye on the reaction you are getting from your customers. When their
enthusiasm starts to wane, change the message. Third, delivery methods have
also changed. This is very true of specific demographic groups. Younger
demographics do not like to read. In fact, if you can deliver your message to
them in a very short video, all the better. This is why social media such as
YouTube and Instagram have been so successful in reaching young people. They
prefer a phone to a laptop. Not so with an older demographic. If you give them
a book to read, they will read it. They trend towards Facebook as their social
medium of choice. They would rather use a computer than a phone. Your marketing
has to adjust to their trends. It is all a matter of understanding and
responding to your target market.
What if you are working for a tugboat and you want to launch
out into deeper waters? It is very hard for the owner of a business –
particularly if they started the business – to let go of what they did to be
successful in the first place. Many of them have so much of their identity tied
up in their company, it is hard to distinguish the characteristics of the
person from the characteristics of the business. But if I could go back to the
tugboat analogy once again, no ship every launches from the dock at full speed.
It needs the tugboat to get it going. That is the role of the owner. They start
the process. It is the job of the tugboat to also let the larger ship go at
some point so they can do what they were designed to do – namely, move great
distances at a higher speed. A good marketing plan can help you with this
concept. It maps out a course for your marketing. It has times of evaluation
and adjustment for those changing trends that are bound to happen. It finds
value for tugboats and larger ships.
If you are finding that the tugboat of your company is
becoming the anchor that is holding your business growth back, it is time to
reevaluate your business strategy. Too many times we build strategy to suit the
owner, not the target market. Keep in mind that the customer is really the
boss. They decide what sells and what does not. So build your strategy around
their needs and find out where the tugboat best fits into that strategy.