How many times has bad advice gotten you into
trouble? Yeah, everybody's saying and doing it,
so you jump on the band wagon... and guess what...
you get the same results as they get. Maybe it's
a comfort to know that you're not the only one
who played the part of the fool, but when it comes
to marketing...you may not have enough leeway
to count the loss and go on.
Yeah, there sure are a LOT of ideas out there
about what will and what won't skyrocket sales
numbers and profit margins! And to be truthful,
a lot of those ideas are just a bunch of bunk.
Yep, you've got to be on your toes and know the
truth about marketing tales. Here are a few of
the lines of misinformation that you've probably
heard before...
You've
Got To Have The Cheapest Prices
In Town To Be Competitive
Let me ask you this...Do you always buy the cheapest
product on the shelf, or always shop at the store
that has the lowest prices? No, I don't either.
What you and I know that these people don't is,
that value counts for a lot. Oh yeah, sure...
there are a few people out there who only buy
the cheapest things in town, but most of us understand
that the cheapest isn't always the best buy for
our buck.
How does this apply to you? Here's something
you can try...make it a little test to see just
how true this myth is. Find a low-cost way to
enhance the perceived value of your product or
service, then raise the cost a little. See what
happens! Don't be surprised if your sales and
profits shoot up!
Advertisements
Need To Be Changed
To Keep The Public From Becoming Bored
This one reminds me of one of my cousins. He's
famous for breaking things that are fixed. Yeah,
he'll go out and buy a perfectly good running
car, but every time you see him, he's under the
hood tinkering with something. Before long...you
guessed it...the car won't run and has to go to
the garage for repairs.
It makes no sense to run a business like Cousin
Jim and his cars. Hey, if it's working why try
to fix it? Think about it...what's the goal for
advertising? Yeah, to attract new customers. Once
the new customer comes through the door, the advertisement
has effectively done its job. Does that customer
need to be affected by the same ad? No, so let
the ad do its job for the rest of the people out
there who haven't seen it yet.
Now, I'm not saying that you should never change
your advertisement... just never abandon a winner
midstream. A good rule of thumb is to spend 80
percent of your advertising money on proven methods,
and to risk 20 percent on experimental advertisements.
Keep the tried and proven working for you, while
you test the waters for new ideas that might work
even better.
The More
Choices A Customer Has
The More Likely He Is To Buy
Yeah, yeah...they say variety is the spice of
life and all that, but too many choices can lead
to procrastination. We all know what happens when
we procrastinate. Yep, we never get back to it!
Do you know what happens when a customer can't
decide?... you lose a sale that you already had
in your pocket. Yep he came in to get it, saw
more options, stopped to make up his mind, then
walked out still thinking about it...maybe to
never return.
A tip for the wise marketer - limit your customer's
decisions to either yes or no. Let them decide
either yes I'll buy or no, I won't buy. Don't
risk confusing them and losing the sale.
Everybody
Needs My Product or Service
So I Don't Need To Advertise
Hey, building a business is a lot of hard work!
There aren't many free rides along the way. Chances
are, your potential customers need to be convinced
that they NEED to choose your service/product.
Yep, finding the customer, convincing him to use
your service/product, then closing the deal is
a process that can't be easily bypassed. Don't
be fooled into thinking you're any different!
It could be hazardous to your profits.
A friend of mine owned the only dog grooming
shop in her town. Hey, no competition means you
don't need to advertise...right? After an initial
anouncement of her grand opening, this lady did
no advertising. Business slowly trickled in and
barely covered the overhead. Finally in a desperate
attempt to get business off the ground she began
putting flyers in all of the local veterinarian
clinics and ads in the local newspaper. Bingo!
Business began pouring in... and most of the people
said, "I didn't even know you were here!"
or "Fifi's been needing groomed for quite
some time. When I saw your ad, I decided to go
ahead and get it done."
Let's face it, people are often....well, lazy.
They don't always go out of their way to find
the phone number to contact you, even when in
the back of their mind they know they need to
do something. Yeah, advertisements are often the
little prod they need to get motivated. Don't
shortchange yourself by neglecting to advertise.
How about you? Have you ever driven by a business
for a long time without even noticing it? Yep,
we all get too busy to pay attention sometimes.
Hey, you've learned a few of the misguided marketing
myths that many people are fooled by...now you
can apply the REAL marketing concepts to your
own advertising campaign and watch the results!
Who is Allyn Cutts,
and why should you care?
Allyn has spent over 24 years helping businesses
like yours find new customers and increase sales
to current customers. Allyn is a marketing and
sales fanatic, providing measurable marketing
solutions that drive huge results for small-to
mid-size business clients. Allyn works personally
with clients to design and deliver off-line and
on-line direct marketing strategies that focus
on metrics and measurable results. You can learn
more about Allyn Cutts at www.AllynCutts.com
and you can call 610.437.4106 between 10 AM and
4 PM Eastern Time Tuesdays and Thursdays.