Friday, December 17, 2010

Are You A Binge Marketer?

The TV was on the other night and I was really getting into Gordon Ramsay’s Nightmare Kitchens. Now if you’ve never seen this show, don’t worry because it was my first time too! In short, Gordon’s mission is to take an underperforming restaurant and turn it into a kick-butt money making machine. And he does this through sharing his expertise in the area of cooking, managing and most importantly, marketing the business.
In the episode I was watching, he totally turned a business around in just a few days by revamping the menu and attracting a more affluent crowd that spent on average 5 times more money compared to their previous client base. Pretty impressive stuff. The interesting thing though is that after he'd left the restaurant to run on its own for a few months, he gave them a surprise visit only to discover that the number of customers had dropped dramatically and the business was in serious trouble. And when Gordon approached the owner of the business, his reason for the poor performance was that he didn't feel that there was a market out there for what they had to offer. Sound familiar? But it gets even better. Because when the owner was asked, “well have you been sticking to the marketing campaign we set up?”, his reply was a big fat NO!
And this is what I want to talk to you about. There is a big marketing disease going on in businesses which I like to call “Binge Marketing”. And the reason why it’s called this is because businesses have a tendency to market their business for more clients only when they’re in trouble. This is where you see marketing budgets go through the roof because they're doing whatever they can to get more clients in. It’s a really terrible business habit to have because it puts the business’s cash flow under massive pressure, it creates a roller-coaster effect on your income and causes a whole heap of uncertainty. And this is exactly what the restaurant was experiencing. The only anti-dote for “Binge Marketing” is to Always Be Marketing your business.
Now you might be thinking, “oh but I get too busy at times and its impossible for me to do!” I get that. But also know that when you set up marketing systems that work on auto pilot, you don’t need to be doing any hands on work to market your business. And there are plenty of ways of doing this, within both the online and offline arena of marketing with the likes of automated email campaigns, setting up strategic alliances and creating landing pages.  Not to mention, there are now plenty of super cost effective ways to consistently generate leads online, particularly through pay per click marketing such as Google Adwords and Facebook Ads.
The bottom line is that if you do marketing sometimes, you get clients sometimes. But if you do marketing all the time, you get clients all the time. And wouldn’t you prefer to have a consistent stream of clients rather than random amounts only when you’re absolutely desperate? This is why it’s so important to invest your time and effort into creating marketing systems for your business that works for you all the time regardless of any of your extra effort. And the best time to do this is now.
So take the lesson from the restaurant I mentioned earlier and don’t get caught in the disease of “Binge Marketing”. Because as you know, it only works sometimes and if you’re truly in business to make big things happen, you can’t rely on luck to create your business success. Remember, always be marketing your business.

Tuesday, December 7, 2010

What Your Neighbourhood Cat Knows About Marketing


My guess is that you're thinking right now, "hang on, what does a cat have anything to do about marketing?" Well quite a lot actually. I recently moved into my new house with my lovely partner and one thing that we quickly noticed was this golden furred creature roaming around our neighbourhood.

To be totally honest, we weren't the most inviting of guests, often doing whatever we could to scare the little furry thing away from our kitchen window and backyard door. But here's the thing, no matter how many times we tried, or how often we impersonated a scary dog over and over again, the cat would simply come back the next day as if nothing had happened.

Frustrating isn't it?… But it wasn't until just this last week my sister was over to visit and she had noticed the cat. Boy, she jumped with joy and couldn't help playing with the cat despite me advising against it. And that's when I realised that the cat had won. Its persistence had paid off because it just won itself another fan and a nick name, "Tom cat". Tying it back into your business, how often do you find yourself getting excited and totally pumped up about implementing a new marketing strategy and then have it placed on hold because of a few lousy knock backs?… And the next thing to consider is what if you took on Tom cat's approach?…

Persistence works in all levels of business and particularly in marketing, you can't always expect that you'll get it right the first time all the time. So drop trying to be perfect about your marketing and be a bit more of a Tom cat and stick it out to the end. What you're going to notice is that in due course, while you may get feelings of "oh, it's not working out" or "what's the point of all this", the fruit is always there for you if you hang in there. But don't get me wrong, this doesn't mean that I'm a fan of lousy strategies. You have definitely got to know your purpose in marketing and do a bit of adjusting from time to time in your approach to maximise your results and return on investment.

Here's a quick run down on how to get the edge in your marketing so that you make the 
most of your marketing dollars and get big returns:

  • Identify your specific target market 
  • Explore marketing options based on relevance and cost 
  • Plan out your implementation period 
  • Roll-it out 
  • Get feedback and adjust until you get the results that you're after 

Once you've fine tuned your tactic so that it works every time, you now have an effective marketing system that you know will give your business that client boost when you need it. And with the new year just around the corner, maybe it's time for you to reset those marketing goals for business and plan out the implementation for a bigger 2011. And remember, Tom cat never gives up because he's a winner, and so are you.


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