By Debbie LaChusa
What?!? Sabotage your own success? Who would do that? Well, you'd be
surprised how many small business owners think they are effectively
marketing their business, when in fact they are cutting their own throat.
Yes, they may be running ads that are pulling in leads or customers. And
yes, they may be writing a regular column for their local newspaper so they
are perceived as the expert in their industry. And yes, they may even be
doing a pretty good job of marketing on a regular basis to their prospect
list.
So if they are doing all of these things "right," how are they sabotaging
their success? Well there are lots of ways. Following are just a few of the
ways small business owners unknowingly sabotage their own success.
(1) They have not taken the time to develop a marketing plan.
A plan focuses your efforts and allows you to make the most of your
marketing budget. Unfortunately, you can market without a plan. Yes, you
read that right. You can do it, and people do market without marketing plans
everyday.
But that does not mean you should. To make the most of your marketing
efforts and budget, make sure you take the time each year to create a plan.
(2) They don’t have written marketing goals.
Smart business owners have written goals and objectives for what they
want to achieve with their business and for each of their marketing
activities. I know this sounds b-o-r-i-n-g, but it's a fact.
There is proof that people who put their goals into writing have a higher
success rate than those who do not. Plus, how can you develop a plan if you
don't have concrete objectives? You need a clear vision and target to aim
for. You can't possibly determine what marketing or how much marketing you
need if you don't know what you are aiming for.
(3)They have a short-term attitude.
They are reactive in nature, and while on the surface it appears they are
doing a lot of marketing, they are not doing anything consistently or long
enough to make an impact. Running an ad or sending out your newsletter a few
times and giving up when you don't get immediate results is worse than doing
nothing at all.
How so? Because at least when you do nothing it doesn't cost you any
money. Pulling the plug too soon costs you money. And statistics show it
takes somewhere between three and 10 exposures to a message for the average
consumer to notice it and take action. So it is quite possible your audience
was just beginning to take notice right about the time you threw in the
towel!
(4) They don't know their USP.
Probably the worst way business owners sabotage their marketing efforts
without even realizing it, is to NOT have a clear Unique Selling Proposition
(USP).
The greatest marketing plan in the world will not be effective if you
have not clearly defined why someone should buy your product or service
instead of all the other products or services available to them.
If you have not figured out what is unique and better about your product
or service, and found a compelling way to communicate this in everything you
do, you can market 'til the cows come home and you will be wasting your time
and your money
10 Tips to Banish Marketing Sabotage
(1) Develop a marketing plan. Make sure you make it your number one
priority to develop a marketing plan every year.
(2) Write out marketing goals and objectives. Write at least one
objective that states what results you would like to achieve with your
business over the next year. And, write at least one objective for every
marketing activity you undertake, that states what results you would like to
achieve from that activity over the next year.
(3) Stay the course. Check in on your progress toward your objectives
every three to six months, but give your plan a good nine to 12 months to
work.
(4) Determine your unique selling proposition and make sure it is
represented clearly and in a compelling way in everything you do.
(5) Don't try to be "everything to everyone." Focus on a few specific
benefits and a specific audience.
(6) Track all of your marketing activities so you know exactly what is
working and what is not working.
(7) Don't rely on one marketing activity. Employ a mix of several
marketing activities to reach more people more times.
(8) Create a system to help you stay on track with your marketing
activities every month and to help you plan ahead for future activities.
(9) Create a realistic budget based on a percentage of your projected
revenue, or the dollars you have available for marketing and stick to it.
Marketing is an investment in your business. You have to spend enough to
make progress but not more than your business can financially support.
(10) Understand your environment. The economy, competition, the strength
of your particular industry, your prospects' situation. You have to
understand them all so you can create an effective plan to either overcome
obstacles or take advantage of opportunities.
Follow these guidelines and your business stands a much greater chance of
succeeding. All of these activities are part of a good marketing plan. And
no business that wants to succeed should be without one.
(C) Copyright 2005 Debbie LaChusa, 10stepmarketing
About the author:
20-year marketing veteran Debbie LaChusa created The 10stepmarketing
System to help small business owners and solo-preneurs successfully market
their business, themselves without spending a fortune on marketing. To learn
more about this simple, step-by-step program and to sign up for her FREE
audio class and FREE weekly ezine featuring how-to articles, tips and
advice, visit