The Marketing Plan: Your GPS to Success

It  always amazes me how many start up companies and entrepreneurs operate without a marketing plan.  You wouldn’t head out to a destination without at least which direction you are heading or more to the point, input the address on a GPS so you can get there in the most timely way. The purpose of a marketing plan is to articulate where you need to be and define the measurement of success for your business. It provides you with the forum to focus on your business, on your competition, on the current market trends. In short, it makes you do the homework you need to do to get a clear and concise understanding of all the roads and road blocks that will lead to your business’ success…. before you start your engine and put your car into drive.

No matter what size, or type, or whether you are offering a product or a service this “road map” will prove to be invaluable when decisions need to be made. You have a great product or service and you are anxious for everyone to know about it and you want to just get out there and start selling. STOP. Do you have a plan? Do you know when you get there?   It always amazes me how many start up companies and entrepreneurs operate without a marketing plan.

In the not so recent past many businesses, start ups, retailers and b2b companies felt that any marketing initiatives were well beyond their reach. To have any impact on their audience, a lot of dollars were needed.  Enter Social Media, and businesses everywhere are getting into the “marketing” of their businesses. Which is absolutely wonderful! In today’s business landscape, businesses are all embarking on the Social Media… some with little or no understanding of the true time cost of doing it properly. But I digress,that’s another blog for another time.

Jumping on the band wagon without a clear definition of your value proposition and your unique selling point is dangerous. Equally dangerous is not defining your businesses brand voice, brand tone and brand personality. This is where a marketing plan comes in. The purpose of a marketing plan is to map out the direction of where you need to be… and define the measurement of success for your business… it is essentially this  “destination point” which will prove to be invaluable when decisions need to be made.

In this “road map” you need to determine your strategy, identify your priorities and then build out your tactics from there. Start by identifying who your target market is. Define as much as you can: age, sex, profession or career, income level, level of educational attainment and geographic location…. and go farther. Define your target markets likes and dislikes, habits, hobbies. This is the age of niche marketing!

Clearly define your business and set reasonable quantifiable objectives. It’s important to be honest. Don’t set yourself up for failure…be aware of the potential hazards before you start…and when detours happen along the way, your marketing plan will provide you with a solid  base to switch gears and turn to an alternative road to get you where you are going… to success!

Networking: Be Minty Fresh

Networking: Where Business Meets Social

Networking should be an important part of your Marketing mix.  It provides a great opportunity for relationship building, brand awareness and lead generation.  Networking in itself can be a full-time job if you let it.  Time is a scarce commodity these days.  People are so busy these days that they are looking for ways to combine their business with socializing, and looking to attend networking events that will help them achieve their business goals while building effective relationships at the same time. So how do you choose which events to go to?    It is important to attend the events that will provide you with the best value for your time.   Effective networking demands that you know who you are and what you want before you can effectively communicate and establish a mutually rewarding, sustainable relationship with someone.

I am constantly amazed by some people that lack common sense, so here are some tips (in no particular order) that will help you with successful networking.

Be Minty Fresh
Have you ever talked to someone after they’ve had a tuna fish sandwich and raw onions?  It’s not pleasant!  Brush your teeth.  Suck on a mint. Chew gum.  Just don’t be that stinky breath dude.

Listen
When you’re in a networking situation it is not all about you.  Focus your attention on the speaker and concentrate on what is being said.

Don’t Sell
You know how it drives you crazy when you walk into a store and the clerk immediately jumps on you and tries to sell you on something when you don’t even know what you’re looking for yet?   Don’t be like that crazy clerk and start pitching right off the bat.

Ask Questions
Find common ground and see how you can be of value to the person you are talking to.  Ask people what they do, who they know,  where they’ve been, how can you help them.  They may not be in the market for your particular product or service at this time but you may be able to connect them with someone that can help them with what they are looking for and vice versa.

Mingle
It is great catching up with old friends and acquaintances; but if you really want to maximize your result see out someone that you have never met before and introduce yourself.

Be Yourself
People like to do business with people that they like, so be genuine.

Be Prepared
Make sure you have enough business cards for everyone in the room. There is nothing worse than making a great connection and not having a single business card left to give them.

Take Notes
Jot a note on the back of the business card about your conversation.  This will make the follow up process much easier!

Follow Up
Send a follow up email, or pick up the phone and call, within 48 hours of meeting.  Remind them of where you met, what you discussed and set up a time to have a more in depth conversation of you can be of assistance to them.  So many people forget this step.  Don’t be that guy!

Connect
Follow them on Twitter and/or Facebook.  Send them a request to connect on LinkedIn. You never know what kind of opportunities that you may attract through a networking event!