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

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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.

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.

Navigating the arithmetic of economic recovery: A guide for mid-size businesses

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Just as there is arithmetic to recovering in the investment market, there is a logic and arithmetic involved in business recovery. Specifically, it's often easier to lose ground than it is to win it back.

In the investment market, if you lose 40% of your $10,000 investment, you have $6,000 left. When that remaining investment adds 40%, you have... $8,400. What a bother.

Similarly, a recession can create business losses that are challenging to recoup... and they aren't all strictly in the numbers.

For example, a large business customer may pull its business "temporarily" during a recession. Getting that customer buying again can be an uphill battle. Getting the customer back to or above its previous level of purchasing can be even tougher. During the customer's hiatus, it has probably been courted by your competition, with great deals, low prices and - gulp - perhaps a fresher approach.

Many businesses reduced their marketing and hence shrunk their visibility during the last difficult quarters. Now they need to regain what they've lost in terms of being "top of mind" - ramping up marketing will require serious, insightful and ongoing effort now if it's been shelved or minimal in the last year or two.

Were your engineers busily designing the next great thing during the slowdown? Great - you can come out shining. However, if the malaise meant that R&D was stalled and that even the best minds in your company were dulled by lack of sales and incentive, it's time to refresh your approach and your offerings, because your competition will or has done so already.

Has the sales team been keeping in touch with all its customers and prospects, or has it, as in the infamous sales saga of Glengarry Glen Ross been waiting for the "good leads" and better times? There is no time NOT to be selling.

Today... while the past certainly affects your firm, days gone by matter now primarily as a lesson. Starting today, you have the need and you've absorbed the arithmetic. You know that a concentrated, energetic and smart effort distinguishes the companies that will soon regain their momentum and reach new heights from those that will not. This is true even if your revenues are down, your staff is reduced and you've borrowed money. It will take more work and more applied intelligence to gain ground than it took to lose it, just as it does in the investment market.

How is your company addressing the recovery? Please comment or email us privately with your thoughts.

The courageous consultant

Maybe it's because the business climate is hardening, or perhaps it's because vSA as a company has reached the ripe old age (25) when we're much hungrier to do what's right for a client than simply what's expected. But in either case, we're encountering an increasing number of situations in which we feel called upon to give our clients answers to questions they may not have asked.

Typical issues include the continuation of business models as well as sales and marketing programs that have become limp remainders of what they used to be. Very basic examples in the sales and marketing arena have symptoms that include dependence on non-working outreach: large commitments to print industrial directories or yellow pages, networking through local chambers and other organizations that haven't updated their thinking or memberships in years, cold calling for rareified services, and keeping salespeople who cost more than they bring in. More problematic instances involve selling products that have become overly expensive compared to foreign knock-offs, perpetuating processes or technologies that are being washed over by tidal waves of newer ideas, and trying to get more and more work from fewer and less prosperous customers. The most intractable problems are faced by companies struggling to sustain a business service or product line that is – well, today's typewriter. Products are becoming obsolete faster than ever. A glance into the computer graveyard in vSA's storage room (or perhaps your own) is ample testimony to this reality.

The need for tough solutions and big shifts in business practices has altered vSA's work as well, making it harder and yet more rewarding. Marketing is certainly enjoyable when we bring exciting new sales and opportunities. Today, rewarding and fun strategic marketing has married the stern face of business consulting. This partnership has become crucial because when clients call upon us to develop programs to build their sales and market share, we occasionally see that structural changes to their business processes, model or offerings are required before outreach is appropriate. Our work begins further upstream, supporting change to meet the spoken and unspoken needs of the client's prospects, customers and other influentials.

So, that's where the courageous consultant comes in. Just like a physician telling a patient that change must start with quitting drinking, losing weight or controlling his mood swings, vSA professionals do the right thing by helping clients build or rebuild for the wild and crazy future. In those cases, we don't simply put a bandage on the client's offerings and start marketing whatever we've got. Not when the stakes are so high for our client.

Neither here nor there

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Telecommuting, flex time and virtual business models are all the rage. Outsourcing projects rather than committing to long-term staff additions is popular now, too. No surprise there. The current state of the economy (I can barely wait until we're no longer using that phrase quite so often!) demands efficiency, forces uncertainty, and makes available some stellar candidates with whom to work. In other words, a lot of great people are out of their former 9-5 salaried work routines. Even the 2010 census work is moving faster than expected because of the availability of outstanding temporary labor. Oh, that's not much of a silver lining, perhaps, but there it is.

These new ways of working bode well for some businesses, and for some individuals. Streamlined processes, virtual meetings, work from anywhere (okay, let's not text from a moving car - work from almost anywhere) are a boon for the highly motivated, organized and talented. But what about everyone else?

One of the concerns many thought leaders express about the new economy is that it yields work for the best, brightest and most driven (now including all that consulting, flexible positions, telecommuting, and other non-traditional arrangements). It also continues to offer a range of service work that, at least for now, requires a human presence (from health care to fine cooking). And there are still a number of U.S. manufacturing jobs, although that number continues to dwindle.

But what else? There's a gap, likely to continue broadening, where there used to be more jobs for the rest of the workforce. As the economy continues to shift, what happens to the worker who needs the structure of an office to maintain motivation? The person who shows up for the assembly line? Where are the jobs for the capable person willing to work steadily all day or night but simply not constituted to come up with lots of big ideas, manage time completely independently or work alone? If you've ever been an employer or a manager, you know that these people make up the majority of many a workplace – that's the way the world is and probably always has been.

This week, Time magazine's article The Workforce: Where Will the New Jobs Come From? provides hope that there will be new jobs. That's good. But for any leader or citizen who hopes to see the economy truly thrive again, there's that other question, not so easy to answer. Will there be enough jobs for the great majority of working class and middle class Americans who do well working for a company, who respond to expectations set by management and who would like to put in a good day's work for decent pay, then head home to their real lives? That's a lot of people, and we all need to put our imaginations to work to make sure our economy continues to fully employ and value what continues to be the majority of the population.

Continued funding programs for better roads and bridges? Encouraging young people to go into trades such as plumbing or electrical work, in which shortages are predicted? Putting more adults in the schools to work with the kids? Opening more child care centers, which require staffing? Offering real live tech support? Human cashiers at the supermarket?

What could work and be valuable? What do you think?

Fortune worried about reading...

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... and I'd like not to be worried. After all, for me, the smell of a Barnes & Noble is nearly aphrodisiac, and I consider the buying, reading and piling up of books and magazines my birthright. I confess to not having a Kindle or similar device yet, but I know that's coming. To me, format matters, but content matters more. That's why I found Fortune's cover story The Future of Reading particularly thought-provoking. I can't believe it... could it even be possible... that people will ever lose interest completely in reading? Let it not be so.

Fortune, of course, is speaking largely from a business perspective, especially regarding journalistic concerns. I noticed that I couldn't find the text of that March 1 lead article, which I first devoured in print while waiting at my allergist's office, online as I wrote this – since it's this week's issue, Fortune would no doubt like us to buy the magazine and thus support the advertising. I certainly understand this. After all, a great deal of vSA's work is in public relations, media relations in particular. If there is no revenue, there will be no publications. Plain and simple. Fortune, and even Broom, Brush & Mop magazine - difficult as it is to believe – are not mere labors of love.

Here's my educated guess, based on the cosmic and not-so-cosmic shifts I've seen in my decades on this earth and at my desk (including the door-on-file-cabinets that served as my vSA desk in those first daring years of entrepreneurship): Reading will not die. The stature of Amazon and my beloved Barnes & Noble are evidence to that. Sadly, small bookstores and publications large and small have suffered and will continue to do so. The media will continue to adapt, with false starts and many casualties, to new models for advertising and other revenue generation. More and more of our reading will be done on notepads and online. People will continue to love video in all its forms, and many – okay, most – will prefer it to the written word.

But there is a magnetism to writing and to reading, and, despite the challenges of doing it well, there is a certain simplicity and joy to creating stories – just think, most children compose tales and essays as soon as they can wield a crayon or navigate a keyboard. We love our news (both the important and the supremely trivial) and we relish our rehashing of information, much of which will continue to be in the form of articles, opinions and other text.

Fortune, by the way, agrees, by and large: Reading – somehow, someway – will live on. What's your take?

Sent box: Important client emails. In box: Salmonella, it's what's for dinner.

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So much work, so little time. On a good day, we'll reach out or get back to five or ten clients and prospects with consulting documents, articles, interactive marketing efforts, design comps, and estimates. Plus, we'll respond to several dozen more clients and associates about business-related matters, and initiate contact with a few companies we'd like to get to know. Much of this happens by email.

Some days, what we get back bears so little resemblance to what we send out that we must naturally assume that our emails got scrambled and sent to the wrong recipients, and that in return, we're getting emails meant for someone (who???) who wants to know:

I See Website You Need to Meet

Work from Home for $10000/month!

Start Your Heart Automatically

There are only a few reasons I can fathom for this disconnect, the first being a technical glitch so mysterious that even the most universally admired computer wonks (and you know who you are, don't you?) can't figure it out.

The second is that vSA works at a pace so much faster than ordinary humans that our missives shoot out almost as if into the future, and it therefore takes some time for our recipients even to receive them. Asynchrony of time, we'll call it.

The third, less likely, is that our clients and prospects are variously busy; occupied with other, even more urgent projects; or, in rare cases, disinterested in what we've sent. While this is difficult for us to imagine, we've heard from other professionals that they've had the same impression.

It's sort of like parallel play among small children - I email you what I'm thinking about. You email me what you're thinking about. The emails are like two ships passing in the night. This year, some of our marketing programs are fun - really fun. We're hoping this transitions the ships passing in the night to ships honking, waving and shouting words of affirmation to and fro: "This is great! Gotta do it again!"

I'll be waiting at my in box, smiling.