Labor Day is
upon us. This upcoming Monday marks the unofficial end of summer. Fall colors
are in, white shoes are out. Weekend football games and tailgating are back,
swimming pools will be closing for the year. However, Labor Day is more than a
marker at the end of the summer. It is also the start of planning season for
businesses looking to forecast what will be happening in the next year. That
includes setting sales goals and building a budget off of those projections.
All of that is centered around marketing doing its best to draw customers to
your products and services. For that reason, it may be time to re-evaluate how
you are marketing your brand and make some changes. Here are some tips to help
you with your planning.
Try
something new
Don’t
just base your future marketing activities on the success of your past efforts,
but on what your customers want from you. The old thing is the old thing. There
is a tendency in marketing to keep playing the same record again and again… and
customers get tired of dancing to the same song. Marketing should keep things
fresh for your customers. Before you plan anything else, listen to what your
customers are saying they want from you. Don’t just give them what you think
they need: that typically becomes a guessing game that may work or could flop
miserably. Take the guessing out of it! Make asking your customers for feedback
a key part of your future marketing plans. If you get a sense of what they
want, build on it.
Budget
for all three phases of marketing
Here
is where many marketing plans fall down: they spend all their marketing budget
on making their target market aware of their brand, but nothing on getting the
target to actually buy anything. Big mistake! If marketing is not enticing
people to buy what you are selling, you are missing the mark. Brand awareness
is very important. No one will buy what they don’t understand. However, they
typically won’t buy anything that they are not prompted to buy for the first
time. Make sure you are not only putting a portion of your budget towards
Awareness and First Time Sales, but don’t forget your current customers. You
need to budget for Retention Marketing as well. If you strike a balance with
all three of these phases, you will be working from a well-rounded marketing
strategy.
Should
you budget for little Johnny’s soccer club?
What
about all the little asks during the year, especially those that align more
with your local community or one of your employee’s kids rather than your
target market? There is a long list of charities and non-profit organizations
that would love to get a donation from you next year. They will eventually come
knocking on your door. There are two things I will say here. First, goodwill is
very marketable. If you decide to support the local troupe of campfire girls (or
some other group), make sure you take advantage of social media posts, the use
of your logo on sponsorship signs and any involvement with these groups.
Today’s consumer is more aware than ever of corporate involvement with
charities. As a marketer, you are in charge of your brand’s reputation. Make
the most of it by getting the word out about your sponsorship. Secondly, I
would encourage you to come up with a plan for who you are going to support.
Let me explain. I have worked with companies that let their employees drive
where charitable marketing dollars go. This is usually a joint effort between the
HR and Marketing departments. It is best when you have some parameters, such as
an employee of the company has to be involved in the charity before you will
give them money, or you decide what types of charities fit your employees the
best. For instance, we have a current customer that is very involved in the
prevention of child abuse. They support charities that are advocates for
children in this area. That means they don’t give to a whole host of other
worthy causes because they have focused their efforts as a company on one
issue.
There
is one other consideration with your charitable giving: what is the involvement
of your current customers? You can score points with them if you find a charity
to which they also feel strongly.
One
more thing
One
other consideration you should plan on in your marketing: find a way to touch
people. We are living in a time where so much of our communication lacks a
personal touch. But the need for interaction between your employees and your
customers is crucial to your marketing. One of the big reasons people leave
vendors is they don’t have a personal connection with them. It is easy for a
consumer to feel like they are not valued by a company. If you want to be
successful in marketing, you have to touch people. Plan on it.
Labor
Day is the unofficial start of the business planning season. Make sure you are
planning from an informed position this year. Your marketing success is crucial
for your business success.