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Are You A Dabbler When It Comes To Marketing?

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Manage episode 334294337 series 2908101
内容由Peter Wilson提供。所有播客内容(包括剧集、图形和播客描述)均由 Peter Wilson 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Are you a dabbler when it comes to marketing?

What’s a dabbler? According to Merriam Webster, “some common synonyms of dabbler are amateur, dilettante, and tyro. While all these words mean "a person who follows a pursuit without attaining proficiency or professional status," dabbler suggests desultory [random] habits of work and lack of persistence.”

This concept came to mind again as I was conducting a marketing review with a potential client. I said, “…don’t take this personally, but it sounds like you’re a dabble when it comes to your marketing.” There was a long pause, then I heard laughing and agreement. “Yes, we’re dabblers,” the President of the company admitted.

Is your business relying on “random acts of marketing.” Sending an email newsletter one month, then posting to social media for a few months, then hiring a new SEO person, then firing them in a few months. This is no way to run a professional marketing strategy for a business.

Maybe you're not quite that bad. Here at bizmktg.com we stuck to a few proven strategies for our own marketing but didn’t do them consistently. For example, we didn’t consistently produce blog articles or podcasts nor did we send out weekly email updates to our list. I’ll tell you how we fixed that later in the article.

Here are 6 signs that you're dabbling when it comes to your marketing:

  1. No clear goals for marketing. if there are no expectations or the goals have not been written down then there is no sense of urgency to make sure that the tasks related to marketing strategies get executed.

  2. Jumping from one tactic to another. “the shiny object syndrome.” It’s tempting to do this, searching for the so-called “silver bullet.” Once you focus on a new tactic, the former tactic loses favor and not much effort is put into making it work.

    In baseball a batter can try to hit a homerun each time at the plate. We call that “swinging for the fences.” It’s a batting strategy that leads to a lot of strikeouts.

    Most marketing strategies take time to optimize and produce results. SEO can take 6 months or more to show real results. We tell our clients it takes 60-90 days to optimize an online ad campaign on Google.

  1. Inconsistent activity - Not consistently doing email campaigns. We run into businesses all the time that are sitting on a goldmine of current and previous clients they could be sending relevant, informative emails too on a monthly or weekly basis. You MUST email at least monthly if you want people to take you seriously.

  2. Not Tracking results. I find when folks don't track results then they don't know what is working and what isn't and they are less committed to marketing. So their mentality is well we're not even sure it's working. We use phone call source tracking, website form tracking and other methods to track results.

    Figure out your cost per lead and your close rate per lead so you know the Cost Per Acquisition of each new customer. Ideally you would know the “lifetime value” of each new customer so you can compare the two and see whether or not your marketing is profitable.

  3. No point person in the organization making marketing decisions or being responsible for marketing. sometimes we see companies will assign the marketing tasks to an individual in the organization who is already extremely busy and is now being asked to do yet another thing and of course it's not a priority so it doesn't get done. Going alongside that just not having clearly defined roles within the organization.

  4. Not investing enough consistently to get results - If you are running online ads, you’ll need to be ready to spend at least the amount of money to generate one new lead per day. If new leads are costing $50 each, then you should spend at least that much per day. If you run the ads everyday, that equates to about $1,500/month.

One sure sign of a company that's dabbling in marketing is one that is not investing an amount equal to the cost of getting a new lead. What I mean by that is if you are expecting your marketing to produce say 20 new clients a month that means that depending on your close rate of leads that you receive you may need to get between 40 and a hundred or more leads each month in order to land 20 new clients.

The cost per lead could range between say $5 and more than $200 each. So if you are not investing enough in the marketing that is producing leads then you shouldn't expect to get the results that you are hoping for.

We know businesses are dabbling at their marketing when we see:

  • A company website that is not updated on a regular basis with testimonials and new content.
  • Email newsletters that get sent sporadically at best.
  • Social media being updated sporadically at best.
  • Very few online reviews and or no recent reviews.

I can admit that I am a dabbler in a few areas of my life; one area that recently came to the forefront was crab fishing. I live in the Pacific Northwest and we can catch Dungeness crab by setting traps with bait and you lower it down in the water to say you know lower it down to the bottom and depending on the time of the year it took her you might be fishing in you know 50 to 100 ft of water.

In the past we've taken our crab pots out, thrown in a few pieces of chicken for bait and hoped for the best. The crab harvest was hit or miss, generally more miss than hit.

Recently one of my really good friends, Drew, bought a crab pot puller and that motivated me to want to get hardcore about crab fishing. So rather than just put out a few pots and hope for the best and maybe get two or three crab every time we go out to start it to get super serious about the bait, about the buoys, about the pulling the pots, about how often we pull them about where we set them.

This crab season our focus effort has already paid off. we're going to pull a sit so I went out recently on the Fourth of July weekend and we were able to get 8 Keepers so that was enough to feed a lot of crab to our friends and family. It was really a lot of fun and it is always more fun when you catch something.

I can see how that would relate to marketing as well because in many respects marketing is just like catching customers you're trying to attract with some bait you want them to initiate contact with you crawl into the cage so to speak.

Now the cages are traps we use are the kind of way you can crawl back out now obviously we're not applying that directly to our customers but in terms of how we Market our products and services to our potential customers this one is definitely relate so we stopped we got serious about it and now we're doing well.

Another way that we were dabbling in the business was we were actually dabbling with her marketing as well we were putting out a newsletter periodically and we're not

So we decided to get consistent with our marketing and put out one new piece of content a week and a weekly update newsletter that highlights that piece of content that we create each week. The podcast is one of those items that we put out. We also write blog articles and have other types of content available.

So it was ove...

  continue reading

110集单集

Artwork
icon分享
 
Manage episode 334294337 series 2908101
内容由Peter Wilson提供。所有播客内容(包括剧集、图形和播客描述)均由 Peter Wilson 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Are you a dabbler when it comes to marketing?

What’s a dabbler? According to Merriam Webster, “some common synonyms of dabbler are amateur, dilettante, and tyro. While all these words mean "a person who follows a pursuit without attaining proficiency or professional status," dabbler suggests desultory [random] habits of work and lack of persistence.”

This concept came to mind again as I was conducting a marketing review with a potential client. I said, “…don’t take this personally, but it sounds like you’re a dabble when it comes to your marketing.” There was a long pause, then I heard laughing and agreement. “Yes, we’re dabblers,” the President of the company admitted.

Is your business relying on “random acts of marketing.” Sending an email newsletter one month, then posting to social media for a few months, then hiring a new SEO person, then firing them in a few months. This is no way to run a professional marketing strategy for a business.

Maybe you're not quite that bad. Here at bizmktg.com we stuck to a few proven strategies for our own marketing but didn’t do them consistently. For example, we didn’t consistently produce blog articles or podcasts nor did we send out weekly email updates to our list. I’ll tell you how we fixed that later in the article.

Here are 6 signs that you're dabbling when it comes to your marketing:

  1. No clear goals for marketing. if there are no expectations or the goals have not been written down then there is no sense of urgency to make sure that the tasks related to marketing strategies get executed.

  2. Jumping from one tactic to another. “the shiny object syndrome.” It’s tempting to do this, searching for the so-called “silver bullet.” Once you focus on a new tactic, the former tactic loses favor and not much effort is put into making it work.

    In baseball a batter can try to hit a homerun each time at the plate. We call that “swinging for the fences.” It’s a batting strategy that leads to a lot of strikeouts.

    Most marketing strategies take time to optimize and produce results. SEO can take 6 months or more to show real results. We tell our clients it takes 60-90 days to optimize an online ad campaign on Google.

  1. Inconsistent activity - Not consistently doing email campaigns. We run into businesses all the time that are sitting on a goldmine of current and previous clients they could be sending relevant, informative emails too on a monthly or weekly basis. You MUST email at least monthly if you want people to take you seriously.

  2. Not Tracking results. I find when folks don't track results then they don't know what is working and what isn't and they are less committed to marketing. So their mentality is well we're not even sure it's working. We use phone call source tracking, website form tracking and other methods to track results.

    Figure out your cost per lead and your close rate per lead so you know the Cost Per Acquisition of each new customer. Ideally you would know the “lifetime value” of each new customer so you can compare the two and see whether or not your marketing is profitable.

  3. No point person in the organization making marketing decisions or being responsible for marketing. sometimes we see companies will assign the marketing tasks to an individual in the organization who is already extremely busy and is now being asked to do yet another thing and of course it's not a priority so it doesn't get done. Going alongside that just not having clearly defined roles within the organization.

  4. Not investing enough consistently to get results - If you are running online ads, you’ll need to be ready to spend at least the amount of money to generate one new lead per day. If new leads are costing $50 each, then you should spend at least that much per day. If you run the ads everyday, that equates to about $1,500/month.

One sure sign of a company that's dabbling in marketing is one that is not investing an amount equal to the cost of getting a new lead. What I mean by that is if you are expecting your marketing to produce say 20 new clients a month that means that depending on your close rate of leads that you receive you may need to get between 40 and a hundred or more leads each month in order to land 20 new clients.

The cost per lead could range between say $5 and more than $200 each. So if you are not investing enough in the marketing that is producing leads then you shouldn't expect to get the results that you are hoping for.

We know businesses are dabbling at their marketing when we see:

  • A company website that is not updated on a regular basis with testimonials and new content.
  • Email newsletters that get sent sporadically at best.
  • Social media being updated sporadically at best.
  • Very few online reviews and or no recent reviews.

I can admit that I am a dabbler in a few areas of my life; one area that recently came to the forefront was crab fishing. I live in the Pacific Northwest and we can catch Dungeness crab by setting traps with bait and you lower it down in the water to say you know lower it down to the bottom and depending on the time of the year it took her you might be fishing in you know 50 to 100 ft of water.

In the past we've taken our crab pots out, thrown in a few pieces of chicken for bait and hoped for the best. The crab harvest was hit or miss, generally more miss than hit.

Recently one of my really good friends, Drew, bought a crab pot puller and that motivated me to want to get hardcore about crab fishing. So rather than just put out a few pots and hope for the best and maybe get two or three crab every time we go out to start it to get super serious about the bait, about the buoys, about the pulling the pots, about how often we pull them about where we set them.

This crab season our focus effort has already paid off. we're going to pull a sit so I went out recently on the Fourth of July weekend and we were able to get 8 Keepers so that was enough to feed a lot of crab to our friends and family. It was really a lot of fun and it is always more fun when you catch something.

I can see how that would relate to marketing as well because in many respects marketing is just like catching customers you're trying to attract with some bait you want them to initiate contact with you crawl into the cage so to speak.

Now the cages are traps we use are the kind of way you can crawl back out now obviously we're not applying that directly to our customers but in terms of how we Market our products and services to our potential customers this one is definitely relate so we stopped we got serious about it and now we're doing well.

Another way that we were dabbling in the business was we were actually dabbling with her marketing as well we were putting out a newsletter periodically and we're not

So we decided to get consistent with our marketing and put out one new piece of content a week and a weekly update newsletter that highlights that piece of content that we create each week. The podcast is one of those items that we put out. We also write blog articles and have other types of content available.

So it was ove...

  continue reading

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