Tuesday, May 11, 2010

Three reasons you should meet with that marketing consultant who's been calling

[caption id="attachment_809" align="alignleft" width="150" caption="Don't try to manage complexity in a vacuum."][/caption]

I know. You have no time. Your marketing budget is spoken for, or maybe you don't have much of a marketing budget this year. You already have a marketing firm. You don't want to suffer through a high-pressure sales session. It's easy to come up with reasons NOT to meet with that marketing consultant who requests your time.

But there are at least three reasons why you SHOULD meet with a good marketing consultant.

1) Marketing has changed drastically even in the last two years. If you've been trodding more or less the same path for the last couple of years, there's a better-than-even chance you're not up to date on something you ought to know: how to use social media press releases to improve your Web site rankings, how to narrow-cast your updates to immediately support sales efforts, how to cut expenses by leveraging new interactive advertising techniques, how to direct mail to smaller audiences for better results... and lots more.

2) A good consultant will clue you in to very specific programs that are working for other companies. Maybe you'll learn something new about affordable search engine optimization (SEO), advertising on Facebook, targeting top prospects by holding private events during trade shows, customer loyalty-building programs, opt-in email campaigns, company blogs, or who-knows-what. You'll get the inside scoop quickly and painlessly.

3) Networking with people who have services you may someday desire – even if you don't want them today – is forward-thinking. To be an executive or business owner with vision, you need inspiration. Personal relationships provide a source of inspiration you'll get nowhere else.

Remember, you can set the ground rules for this meeting. For example, prior to agreeing to meet, specify: You have 30 minutes. You're not in the market to buy services today. You'd like this to be a discussion rather than a sales session. You name it.

Have a great meeting.

Friday, May 7, 2010

Thinking short-term?

If you're like many US company executives or entrepreneurs in 2010, you bet you are. And for good reasons.


-Shareholders are demanding results after a tumultuous run
-Cash flow is... eh
-You're itching to hire, to grow revenues... in short, to do what companies do best

Even as you focus on the immediate, you're no doubt aware that you mustn't lose sight of the more distant horizon (the cross country drive vs. the drag race). How can you align the two?

-Don't accept today what you don't want to live with tomorrow. Cutting your prices, appealing to a less-desirable customer or client echelon, conducting down-and-dirty marketing and sales campaigns... these choices may allow you to meet short-term goals, but if they harm your firm's market profile or long-term prospects, think twice. In fact, think about Wall Street investment firms and how some of them look to the public today (thanks in some measure to basing bonuses and such on short-term results).
-Even when you're generating the quick buck or the immediate sales, have your five-year game plan not only in mind but also in writing. Where does your company need to be? What is the path from A to B to C? Post Great Recession, it may be time for a new marketing plan, perhaps even a new business plan. Talk with us.
-Get some help. Create an advisory board, talk with a well-reputed business growth consultant, watch what's going on in your industry and similar industries. Remember that 2013 will look as different from 2010 as did 2007. Conditions are changing as we speak.

We welcome your perspective, either as a comment to the blog or through a private email to our offices.