The 7 myths of marketing a service business Business Articles | November 10 Wholesale Darian Thompson Jersey , 2005 Many service business owners have misconceptions about what marketing is and what it does. In this article I debunk 7 of the most popular marketing myths that are causing service business owners to have ineffective marketing which results in missed opportunities, lost sales and lowered profits.
Myth 1: Marketing is a cost, not an investmentWhen you spend time and money randomly on marketing, then it probably is an expense because you're not generating a return on the resources invested in it. Many people make the mistake of emulating the marketing tactics of large companies (such as image advertising) that just don't produce good returns for small businesses. The fact of the matter is that small businesses have to produce BETTER marketing than large businesses because they can't afford to make mistakes by dropping hundreds or even thousands of poundsdollars onto campaigns that don't work. What often happens is that business owners spend lots of money on ineffective campaigns, then erroneously conclude that marketing is an expense Wholesale Wayne Gallman Jersey , or not worth doing at all.
However, the secret to marketing success is to create a marketing system. A system of activities, strategies, tactics and automation that reliably and predictably create measurable results and positive ROI. I call this the "marketing slot machine". It's a slot machine that for every ￡1$1 you put in, you get ￡1.
50 Wholesale Landon Collins Jersey , or ￡2 or ￡5 or more back out. Once you've created this system (which requires a small amount of experimentation and testing), you should be able to turn it on and off at will, and invest as much as you can to gain maximum returns.
Myth 2: Marketing is expensiveMarketing is only expensive (and therefore an expense rather than an investment) when it is either unaccountable or ineffective. There are myriad ways to market you business inexpensively that are highly effective, once you know how. The key is to understand the elements or variables that go into each activity or campaign, and how they affect the ultimate outcome. This is where most people go wrong Wholesale Ereck Flowers Jersey , and that's why their marketing fails to produce the results that they'd hoped for. Often the message is weak or confusing, it's being sent to the wrong people, or they fail to follow up. Get the formula right, and marketing can be very inexpensive - I spend less than ￡100 per month on marketing and I'm getting great results.
Myth 3: Marketing means I have to be pushy and salesyGood marketing, done the right way is neither pushy nor salesy. It's a complete myth that pushy Wholesale Sterling Shepard Jersey , "gift of the gab" people make the best sales people. Why? Because they spend most of the time talking about themselves or their products and then manipulating people into buying from them. Whilst this used to work, and still does occasionally, it often results in buyers remorse and a general sense of uneasiness on the part of the buyer. Much of the time it creates resistance and a feeling of wanting to run for the hills - have you ever felt like that?Ironically, the best marketers and salespeople are those who listen. They listen to what potential clients are saying and see if there's a match between what they offer and what the buyer needs. They build relationships and educate their prospects about how they can help them. The art is to get in front of people who have demonstrated a need or want for what you offer, and who will gladly learn more about what you do and how you can help them.
Myth 4: Marketing produces instant resultsSome people believe that if they keep running their advertscampaigns that they'll "increase their profile" Wholesale Eli Apple Jersey , and somehow, magically one day, a stampede of clients will come rushing to their door. I don't subscribe to that theory, because I believe that all marketing should produce a measurable result that can be observed in a fairly short time frame. If you're marketing efforts are not producing obvious, tangible results then you need to look at the elements that aren't working.
Having said that Wholesale Dalvin Tomlinson Jersey , marketing is not something you can usually achieve overnight success in. It's somewhat like rolling a snowball down a hill - there's a cumulative effect and momentum increases over time. To create the cumulative effect and momentum requires sustained and consistent effort. Marketing isn't something you do occasionally, and then put on the back burner. It's something that you need to do constantly, bit by bit, in the same way that a sportsperson needs to train every day to be good enough for the Olympics.
Myth 5: Once my diary is full, I can stop marketingIt's human nature that once you've got some well-paying work you feel rather pleased with yourself Wholesale Evan Engram Jersey , and focus most of your time on servicing your new clients. However, if you have a sales cycle that's usually more than a couple of weeks long, then you're going to come a cropper once the project finishes. Because if you don't continue to do your marketing whilst you're working on the project, then at the end of the project you may find that your sales pipeline is empty and you have to start up your marketing all over again. It may then be a number of weeks before people start to progress down your sales pipeline towards actually doing business with you. This is what is commonly referred to as the "feast and famine" syndrome.
If you prefer to avoid these peaks and troughs of income producing activity, then you need to think about how you can do a little bit of marketing on a consistent basis. Even better - create a marketing system that easily and reliably entices prospects into your sales pipeline without huge amounts of effort from you.
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