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When most people think of marketing, they think of advertising, brochures, websites or newsletters. In fact, many people have a negative impression of marketing - they think it boils down to convincing (perhaps even manipulating) people to buy something they don’t want or need. When they think of selling, they think of the proverbial used car salesman who won’t let them walk away from the lot without a car with all the bells and whistles at an inflated price.
To many small-business owners, it means “networking” (i.e. trying to meet as many people as possible), “advertising” (i.e. running ads in newspapers/radio/tv, mailing fliers/postcards/letters), “internet marketing” (i.e. putting up a website and running an online ad campaign to get traffic to your site) or “sales” (i.e. pitching everyone you know on the benefit of your services).
Many small-business owners start off with one type of marketing but soon become frustrated with how ineffective and time consuming the process is. If they run ads, they wonder why no one is calling. If they set up a website, they wonder why no one is visiting their site. If they cold call prospects, they wonder how many calls it takes before they find an interested buyer (many times, it’s 1-2 out of 100 calls!)
Feeling disillusioned, they turn their attention to another type of marketing, hoping it will work better for them. A few months later, they turn to something else. And so this “marketing” cycle continues until the small-business owner gives up or reverts back to other ineffective methods in the cycle.
“Marketing” is an umbrella term that involves everything you do to attract clients and help them solve their problems. It includes:
As you can see, marketing is not just a set of tools to communicate with prospects and clients. Marketing is a mindset. It is more than the casual philosophy of “just do it” - just send out those postcards or catalogs or newsletters and wait for the phone to start ringing. It’s about everything you do or say to customers and prospects through any type of medium - phone, email, brochure, website, etc.
Marketing’s job is to find you good prospects who need your products and services, will willingly pay for them and will do so in a cost-effective manner so that you make more money than you spend.
Marketing involves everything you do to get and keep clients. That includes:
As management guru Peter Drucker has written, “Business has only two basic functions: marketing and innovation. Marketing and innovation produce results. All the rest are costs.” Innovation is about tailoring your services creatively to fit your clients’ needs while marketing is about promoting your services to the people who need them most for a reasonable fee.
Read more articles on creating your marketing strategy or download our free marketing plan guide.
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