What is your marketing focus for the start of 2019? Photo / 123RF
COMMENT:
A brand New Year is now well under way and I trust it's going well for you so far.
If you would like to improve your marketing results this year here is a question you might like to think about: What is your marketing focus for the start of 2019?
As I see it, there are four possible areas in marketing that you could focus your attention and resources on during February and March:
1. Lead generation
2. Sales conversion
3. Repeat and referral sales
4. Competitive advantage
Here's a quick explanation of each of these four areas:
1. Lead generation
Here you do things that produce interested, qualified prospects who are keen to talk with you about the products and services you offer.
For many businesses a useful focus for the start of 2019 is to put into action 2-3 new lead generation systems that produce larger numbers of interested prospects to talk with.
A good example of this is a personal trainer I worked with a number of years ago.
He was very good at what he did but only had a handful of clients.
I showed him how to implement two super simple lead generation systems and within a few weeks he had dozens of highly profitable new clients.
Is lead generation an area that is worth improving for your business in February and March?
2. Sales conversion
Here you do things that convert a certain number of interested prospects into happy paying clients and customers. For many businesses a simple way to improve their business results in 2019 is to do things that will improve their conversion ratios.
A good example is a firm I spoke with recently
The average value of a new client for this firm is $10,000 to $30,000 in sales.
And they currently have around one quote in ten that turns into a paying client.
With a few simple changes to their quoting and sales conversion process this firm could easily convert 1-2 more of their quotes into paying clients each month. Which would result in a handy six figure increase in their sales.
Is sales conversion an area worth improving for your business?
3. Repeat and referral sales
Here you do things to get repeat business and good quality referrals from existing clients.
Plus you do things to get regular referrals from key centres of influence.
Repeat and referral sales are highly profitable. And they are very easy to create if you put into place some very simple referral marketing systems.
Are repeat and referral sales worth looking at improving for your business?
4. Competitive advantage
Whatever business you have there are usually competitors offering similar products and services.
To gain a competitive advantage you do things that give potential clients great reasons to choose your business over your competitors.
There are dozens of ways to gain a competitive advantage.
A good example is a business coach I came across a few years ago.
He was struggling to do well so he changed his marketing.
He decided that instead of being a business coach to a wide range of businesses he was going to specialise in being a business coach to web designers and developers only. (That became his competitive advantage.)
Within 12 months he had increased his revenues 500 per cent and was doing very nicely.
Whatever marketing you do in 2019 will involve one or more of these four areas.
So what will you focus your attention on this month?
"Focus is more important, than intelligence" - Dr Nido R Qubein.
Which marketing area would help you improve your results the most if you got better at it in February and March?
What will you do this week to get better results in this marketing area?
- Graham McGregor is The Added Value Marketing Expert™. Register at his website www.addedvaluemarketing.com and Graham will give you a free copy of his brand new free guide 'Easy Sales with Added Value Marketing'. (This guide contains ten time tested strategies that any business can use right now to create easy sales and delighted clients and is with Graham's compliments.)
The New Zealand sharemarket reached its highest level in a month.