Marketing Mistakes Clients Make

1. A penny saved is a penny earned:
a. The money boss makes the marketing decisions
b. Believing that not spending on advertising or PR is saving money
c. It seems so expensive so I am going to get the cheapest one OR
d. It seems so expensive so I am going to get the smallest quantity even though the cost per unit is almost double

So many entrepreneurs believe that the mere ingenuity of their idea is what will sell it. Most of them are right, but most of them also do not give any thought to how they are going to get that idea across to their target market. Just because an idea exists does not mean people know about it. Clients spend fortunes on setting up the most advanced operations with the most high-tech equipment and gadgetry and don’t even toss a quarter of an idea at how they are going to give this idea wings, how they are going to carry it across to the people they want to sell it to.
"The person who saves money by not advertising is like the man who stops the clock to save time."- Attributed to A Very Wise Man

2. I am the boss. Therefore I do everything the best
Including writing press releases and marketing material, despite the fact that there is a fully-fledged marketing department at my disposal to do it for me. Yes, you may have put your heart and soul into that new campaign or launch and, while you may have been the fire behind the company for the last twenty years, a press release is not your personal platform for sharing your expertise or thanking everyone you have ever had the pleasure of working with. Give a written or verbal brief and step back.

3. I placed an advert. Advertising doesn’t work
Yes, that is why advertising revenue has reached infinite trillions in terms of revenue generation the world over. Refer to point one. Did you let the money boss decide where to put the ad, how big it should be and where it should go? Did he also decide on a singular placement? Exactly. Advertising is a strange game, sure, but definitely one that has to be played properly. Consult a professional to get the most mileage out of your money when it comes to advertising.

4. The internet is the place to be. If I have a website I will make sales
Yes, you and the 300 billion plus other website owners out there. You have to make a bit more of an effort than that to be singled out. Find out about search engine optimisation, social media marketing and copy writing for the internet.

5. Editorial is not advertising
While great PR can get you good editorial in print, online and broadcast media it cannot get you free advertising. That fabulous package, special or promotion you are running doesn’t count as press release material and can’t be sent out as media release-worthy.

Creating a Successful Marketing Strategy

“Satisfying needs and wants through an exchange process”- Philip Kotler on the phenomenon of marketing.

Here are some essential pointers to keep in mind when creating a successful marketing strategy for any business, regardless of its size, shape or composition.

Define the product / service Make explicitly clear what it is that you are offering, and on what terms that product or service is offered.

Know your target market Learn as much as you can about who you are targeting with your product or service and what their likes and dislikes are.

Know your competition Learn from your competition. Have a look at what they are doing and where they are most active and get some pointers. Most importantly, work out what they are doing and do it better!

Identify a niche The most successful products fulfil a need that nothing else does. Find your niche group and target it effectively.

Generate product awareness Just because your product or service has been born into the marketplace doesn’t give it a right to be known about. Find as many avenues as you can to market your business and do it with aplomb.

Engender credibility Never underestimate the power of word of mouth and make sure that your customers have nothing but the best to say about you, starting from day one. Reputations stick- make sure yours is pretty.

Keep consistent Ensure that everything about your business is consistent, from the messaging to the product you are offering, through to the service you are offering people.

Know when to step back Especially if the business is yours and let marketing professionals do what they do best! You may have conceived, carried and born this business all on your own but there comes a time when you have to let go and listen to good professional advice!