AverageJoe’s Marketing Blog

Doing It As If Your Business Depends On It

Archive for the ‘Marketing Start up’ Category

What To Do in a Recession

Posted by averagejoecitizen on May 23, 2009

Companies across the board are scrambling to retain any resemblance of what their enterprise consisted of mere months ago. What your business used to count on for years seems to be as reliable as keeping a full scoop of dry sand in your hand. Those norms once so common have melted away to the point where you are questioning even the very foundations of your business model.

recessionInstead of scrapping the many years of the expense of capturing the market share you had; instead of totally abandoning your focus on your niche that you have been servicing so well, you need to find the way you can salvage all that hard work! Especially for those business owners large and small who have survived the start-up failure time frames of three years.

Keep in mind that those customers you have worked so hard to attain haven’t gone away; they are just spending less in this economy. They are still your champions, they still find value in what you offer them; they just have slowed the frequency in which they buy from you. Important all the more if the niche you service has quick turnarounds in the replenishing need of the product or service.

So, those of us in that boat, what are we to do to even simply maintain the levels that we are currently experiencing? If they are just not enough to sustain our operations for much longer, how do you get it to start sprouting and growing once again?

The answer, however complex on the outside it may seem, on the inside it is the easiest to address. Just ask yourself, with limited funds for the many needs you have, which establishment would you spend your money at? One that has what you need, or a business that has what we need AND we feel welcomed and appreciated? If everything were even-stevens in quality and price, to which one would you go?

It is those businesses, which survive and thrive in times like these, are the ones who stand out, keep their products and services ever in front of the clientele. In all, who are best apt to keep Top-of-the-Mind Awareness in the minds of their customers. It is how you do that vital task that will determine if you survive or fail in this economic climate.

The following are only a few ways you can do just that:

  • Communicate how you value them by offering them real value – This value cannot be ‘chincy’ either. The perceived value is what will represent in their minds how you prize their business. If you give real value that will be reflected in your response to your offer.
  • Go the extra mile, just because! – How does it feel when someone else goes the extra mile for you? Do it, because they are who they are, your bread and butter! When they feel truly valued they will get away from the price factor and get deeply into the loyalty factor.
  • When they are in the office/store give them a compelling reason to come back. – Now it isn’t all about pumpkin cookies and cider, this is giving to your customers’ logical side the mental ammunition when the next decision comes down to using their already stretched dollars with you or your competitors. Make pointing out what they receive by doing business with you, simple, and compelling. Even if it’s the message only that you value them higher than others with which they can do business.
  • Establish methods for feedback. – You always feel more connected when those you do business with asks for your opinion, your customers are the same. This is a great way to gauge your efforts to reach out, and the honest feeling of those who do business with you.

All of this is designed to do three main things. To keep you in the front of the mind when the money spending decision occurs; to deepen the ties that bind us, from proprietor to customer increasing the loyalty to what your business represent; creating additional touch points for you to reach out to those who you depend on for your company.

By successfully accomplishing this with a Customer Appreciation Campaign, you will be able to realize the stabilization of your income and the increase of your bottom line from the lean months you’ve experienced recently.

Find out more about a customized Customer Appreciation Campaign by clicking here!

Posted in Branding Equity, Customer Relations Management, Marketing, Marketing Start up, Millennial Marketing, Product Loyalty, Small Business Marketing | Tagged: , , , , , , , | Leave a Comment »

Getting Your Business Primed

Posted by averagejoecitizen on December 12, 2008

Retooling and Taking Stock

Let’s take a ‘for instance’. You are in business, large or small, you have a product or service that generally is attractive and sold to the greater public. What ever it may be in the retail world, that is not industrial or elemental to the marketplace. Your sales have had continued growth, and that you only can foresee that trend happening in the future. Should you consider retooling for this new Gargantuan Millennial Demographic?

Another ‘for instance’… You are a business in the retail and wholesale industries that’s gone where the money has been for the last 40 years (the Baby Boomers). Your products and services have been wrapped around what ticks on that Money Tree. You are honed into their essence and the profits just keep coming in… should you consider retooling for a Demographic that is not what you are used to?

Yet another ‘for instance’… You are a company concentrating your products and services on the upcoming generation. The ‘Hip’ and ‘Cool’ and the Cutting Edge of what’s hot. Have you properly tuned into those who you target? Could you increase your awareness/mindshare/marketshare?

Sure the money has been for the longest time with the Baby Boomers. And yet still be in a greater number of disposable dollars. But keep in mind the forward part of the wave that changed Retail America is coming up on 70 years of age (65-66 yrs old) They are retiring, getting older. Their needs are changing… switching from the vibrant adventure to the health generating. Some are leaving the mainstream of retail society and getting into the geriatric side of things. How much longer do you have with this particular ‘Cash Cow’?

By no means do I say scrap what has been bringing in the bread and butter. However it will be for the best of your bottom line to create a version that is for this larger Millennial Tsunami. To neglect and allow this to run past your business, is to announce to all that you will be soon closing your doors once the Baby Boomer wave has run it’s course.

For those who are looking to catch this as it starts, as well as those looking to put into development something that will capture the 2 or more trillion dollars available from the Millennials; Do you know how they tick as well as the Baby Boomers? Do you know how to trigger their ‘loyalty button’? Do you know how to craft your message in the way that will be the most psychologically easy for the Millennial to adopt?

Keep posted to the Average Joe Marketing Blog and you will!

Posted in Marketing Start up | Tagged: | Leave a Comment »

 
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