Achieving
Breakthrough Sales & Profits
By Gerry Foster
Copyright
2003 by Gerry Foster
The landscape for marketing services has changed
dramatically in recent years.
For one thing, being good is no longer good
enough. The key today is to become as good at marketing what
you do as you are at doing it.
Furthermore, the Internet has changed everything.
Prospects have access to any service, any information, and
any product at the click of a button. It seems that people
are more informed, savvier, and more demanding than ever before
when it comes to hiring service providers.
Lets face it. People only want to work with
service providers they can trust and have confidence in. At
the slightest hint of deceit, trickery, or pressure on your
part to "close" a sale, most prospects will say
"no" and simply walk away. Therefore, it's in your
best interest to be seen as the master in your field - a "cut
above" the rest.
Bottom-line: You must have a written Mastery
Marketing® ® "game" plan and a set of guidelines
to follow that will quickly, inexpensively and painlessly
take you where you want to go. This applies to both the marketing
and selling (i.e. enrollment in) of your services.
Here are 38 suggestions for a mastery marketer:
- Don't be a tightwad. Be willing to
take some risks and spend an adequate amount of money to
market your business (although I feel it should be as little
as possible.) Above all, view marketing as investment and
not an expense. By seeing it as a necessary activity (not
a necessary evil) to ensure business success, it is much
more likely that your marketing efforts will payoff in huge
profits.
- Make sure your marketing and/or sales
plan is "tight"- well put together. Your plan
should spell out exactly how you will achieve your desired
monthly sales and monthly net income - who is to do what,
by when, and where.
- Have patience. Rarely do marketing
strategies (i.e. how your business objectives will be achieved)
and tactics (i.e. the day-to-day actions to implement the
strategies) pay off quickly and dramatically. Usually the
tactics will reinforce each other over time, so that at
some point a certain level of motivation and momentum gets
established. Until this happens, it's important to stick
to your guns: stay with what seems to be working reasonably
well and don't switch tactics in an attempt to force dramatic
results.
- Think long-term and not just short-term.
A brilliantly planned marketing plan becomes an exercise
in futility if it's not set up for long-run momentum and
effect, as well as short-term impact.
- Profitable, efficient marketing requires
consistency, follow-through and keeping score. In sports,
the team with the highest score at the end of the game wins.
While the game doesn't end in business, you can select certain
time periods, like the beginning or end of a given month
or quarter, to review the results of your marketing efforts
and determine if the strategies are working. This entails
monitoring monthly marketing results and evaluating those
results in terms of whether the objectives set in your marketing
plan have been met.
- Be willing to make adjustments. If
your objectives (increases in sales, profits or cash flow)
aren't being met, it doesn't mean you should cut your marketing.
Instead, you should change your strategy. Since that strategy
would be based on your perceived best shot against your
competitors, it would be best to look first at the tactics
you are using to implement the strategy. It's only after
you've tried a number of tactics without success that you
should ever consider changing a strategy. This is important
for wise budget planning in order to optimize the results
of any marketing program you implement.
- Any Mastery Marketing® ® tactics
you implement must be reviewed on an ongoing basis to
determine if they are contributing to the forecasted results.
Tactics that do not achieve expected results should be examined
and, if necessary, replaced by other more promising tactics.
The mantra of a highly successful mastery marketer is always,
Do more of what works and discontinue any tactic that doesn't
produce results.
- Be careful with who you consult with
in your company about your marketing plan. If that person
tends to view marketing as more of an expense than an investment,
you're in trouble. It is imperative that any person who
is enlisted for marketing counsel or advice (inside or outside
your organization) has a thorough grasp of its process and
its pitfalls.
- Enroll don't sell! It's important
that you engage in a style of enrollment (selling) in which
the interactions are based on trust. Trust has to be established
up-front. Make it a point to build relationships with your
prospects based on a foundation of honesty, integrity and
professionalism.
- Apply many of the enrollment skills
in a business relationship that one applies in a personal
relationship. These skills involve building rapport with
others, discovering areas of want where one can be of help,
listening attentively, sufficiently addressing concerns,
and enrolling another individual in being committed to the
relationship.
- Never spend too much time in an enrollment
situation talking about your services. If you are spending
70% of the time talking, you're talking too much. It would
be mush more advantageous for you if you do less than 30%
of the talking. You might also want to learn how to improve
your questioning and listening skills if you feel you are
weak in this area.
- Always focus on fulfilling the unmet wants
of prospective clients. If you, instead, choose to dominate
conversations - despite how much information you provide
to illustrate how you can help them - prospects (and possibly
your existing clients) may get the feeling that you are
more concerned about separating them from their money, instead
of building their pool of money. Not only could this prevent
you from truly bonding with people, you could miss out on
enrolling the folks who have the desire and the money to
use your services now.
- Be a true "friend." Care
more about the welfare and well being of your prospects
than your own (which is what a true friend does). Let them
know that you have a strong sense of duty and responsibility,
and that you treat each client honestly and fairly. Always
be prepared when meeting with prospects, so you answer all
of their questions.
- Learn how to relate to and enroll different
personalities. Specifically, those who want an all-business
relationship, those who like to socialize, those who like
to talk, those who want to learn, those who want recognition,
those who merely want a trustworthy person they can talk
to, and so on. Up-front, you must figure out what kind of
relationship a client wants and, if at all possible, give
it to them. There is an art to this, however, and it can
be learned.
- It's all in the preparation, not the presentation.
By the time you meet with a prospect, it helps if you know
something about them and/or their business situation. You
should ask yourself two questions before a presentation:
"Why is this person meeting with me? What unmet wants
might this person have that I am able to fulfill?"
Answering these questions will also build your confidence
because you'll see the many possible ways a prospect can
use your services.
- Identify the unique value a prospect
would receive out of working with you. Make this picture
very clear in your mind. You might also want to ask yourself,
"What can I take along to reinforce the messages I'll
give to the prospect?" This might be your company brochure,
but it also might be something related to your enrollment
call - the names and phone numbers of clients with similar
unmet wants who have agreed to act as references, an article
you wrote, or a newsletter. Whatever you decide to take
with you, anticipate what the prospect is interested in.
It should also establish credibility.
- Determine up-front, "What do I want
to achieve during the enrollment call"? What, in
other words, are your objectives? Obviously, you want to
land more clients for your services, but that might require
more than one visit. So, set your optimum objective as generating
an enrollment (closing the deal), but choose another objective
as well. The other objective might be for the prospect to
consider your services seriously enough to ask you to prepare
a proposal, submit a bid or a quote, or to meet with others
involved in their business, and so on.
- Don't let your comfort level guide your
efforts. Mastery marketers know what must be done on
a daily basis to achieve their enrollment goals. Put your
enrollment goals in writing with accomplish by dates. It
will enable you to measure yourself according to some crucial
numbers and become more accountable with your sales activities.
If you, instead, are guided by circumstances, how you are
feeling on a particular day, and which way "the wind
is blowing," you will have a hard time achieving your
goals.
- Do not be derailed by prospects that say
they have to think it over. There is an opportunity
to enroll even more clients, not only if you talk less,
but also by concentrating on establishing more value in
each person's mind. Additional value can be established
if you get into their world and are further in touch with
their pain - the things they want to get rid of, avoid,
or be free from (such as worry, conflict, uncertainty, struggle,
and so on). This pain must be identified by prospects, not
you. Stressing something that the prospect wants no remedy
for wastes valuable presentation time.
- Develop a list of what pain you provide
a remedy for. If you were to zero in on a meaningful
point of differentiation the prospect can relate to; a point
of emotional involvement (pain) that each prospect desperately
wants to treat, you would then be able to link the pain-elimination
virtues of your services with their unmet wants. Just remember,
no pain no appointment
no appointment, no enrollment.
- Find groups of qualified people who sincerely
are interested in your services. You can have more than
one target market. You may want to use your initial client
consultations as an opportunity to discover what traits
your best prospects have in common. Specifically, what their
issues, desires, and concerns are. This must all be incorporated
into your overall Mastery Marketing® ® program.
- See if there are any opportunities to
obtain more business from existing clients. Conduct
a survey to sound them out and get their perspectives. You
could ask about their wants, desires, likes, and dislikes.
What their outside interests, hobbies, and pursuits are.
How they regard your level of service. Use the information
gained in the survey to dangle a carrot or provide an incentive
to work with you. Offer a complimentary 1-hour consultation
or check-up.
- Mastery marketers have a vision and mission
statement for their work. Formulating those statements
(your purpose for being) will help you focus your energy
as you prepare and implement your marketing program. It
would orient prospects to the primary purpose of your work,
and help you make decisions toward accomplishing that purpose.
The clearer your vision, the easier it would be to see marketing
opportunities and respond to them successfully.
- Seek more referrals. Mastery marketers
have discriminating tastes when it comes to selecting the
types of individuals from their existing client base for
referrals. I suggest that you identify those folks you have
frequent access to (in person or via phone); those who have
experienced great benefits in being a client; those who
might refer others on the basis of receiving favors, rewards,
additional services at a reduced fee; those who have influence
with others; and those who feel you are just a great, terrific
person. A solid networking plan also needs to be in place.
- Add referral partners to your network
of referrers (i.e. clients, centers of influence, friends,
etc.). A referral partner is a referrer who could refer
to you often and effectively because they have contact with
people who are prospects for you and they have influence
with them. They are people (i.e. strategic marketing alliances)
you can and would want to refer. You and these partners
would agree together to define the relationship and invest
equal time in learning to refer one another and then working
to refer one another.
- Launch a direct response-marketing program.
The objective with this strategy would be to find qualified
leads. It involves providing an enticing offer that would
be designed to find people in pain by giving potential clients
an inducement to contact you. This could be implemented
via snail mail or by running advertisements in specialized
publications that appeal to specific, targeted audiences.
- Establish yourself as a respected authority.
The one issue that has to be settled in some prospect's
mind before committing to use your services is the "never
heard of you fear." They may also fear that your qualifications
are lacking, or that your company is too small, or that
a service provider in your field burned them in the past,
or any number of reasons. Prospects must perceive you as
an authority - the master - second to none. Therefore, be
a fountain or resource of information - write articles,
offer a newsletter, conduct seminars, provide special reports
- whatever advice you can offer for free without obligation,
pressure or hassle.
- Develop an effective, compelling Statement
of Mastery (SOM). You have to express that statement
by explaining the services you can provide to a specific
target group you want to serve in a manner that is simple,
specific, concise, memorable and unique. This is essential
if prospects have a difficult time determining how you are
different from your competition. On top of that, they are
probably confused as to whom to trust the most. Any good
service provider should be able to do good work. In order
to stake a claim in the minds of prospects, you must develop
a SOM that fits your personality, your target market, as
well as one you can truly deliver.
- Mastery marketers have a brochure
and/or website that highlights a direct and significant
core value - singling out the most important advantage your
clients will gain by working with you. It must capture what
makes you special, and not make you come across as a generic
entity. It has to distinguish your services from the competition.
Crystal-clear differentiation is one of the most powerful
elements of all effective marketing communications. It's
critical that your marketing materials portray you as the
standard of excellence in your field.
- Formulate a unique core Mastery Marketing®
® message. No one wants a confused client - they
could be if they are unclear about the unique value you
provide. It also is a great way to unite employees - without
a consistent understanding and "buy in" of a core
message and what your firm stands for, you will have a hard
time pulling everyone together.
- Mastery marketers take responsibility
for honing their marketing and selling skills. Be committed
to maximizing the growth and success of your organization.
And remember: It is always better to do some marketing than
none.
- Do everything you can to be seen as a
highly trusted advisor. Hold symposiums (a conference
for the purpose of discussing key issues), give speeches
or conduct seminars. Individuals want to hire a master.
These serve as a platform for you to provide proof of who
is real and who isn't. Also, write articles based on your
unique expertise and/or publish a newsletter. Trade shows
should also be considered.
- Consider appearing on local radio or cable
TV talk shows. This would be another way to establish
yourself as a master in your field. All other things being
equal, media appearances and written articles will weigh
more heavily than your self-acclamation. Or, if it fits,
how about hosting your own talk shows for radio or TV? Become
a celebrity!
- Mastery marketers know how to create more
opportunities to enroll. I'm talking about getting more
face to face appointments, bid opportunities, proposals
submitted, or quotes given to prime, non-referred prospects.
How? Do most if not everything I suggest in this article
and the other articles that appear on my website at masterymarketing.com
(smile).
- The operating word is focus. Focus
on market segments (client groups), target markets (client
groups with commonalties), and niches (unmet wants). In
other words, identify those markets in which there is a
set of clients with a common unmet want, whereby you have
the best chance for success in matching your skills with
those wants. By finding a market you can serve well and
target, you can then focus on offering services that meet
the special requirements of that particular target market.
- Differentiate, differentiate, and differentiate.
Especially when a lot of people are seeking out alternative
services. Differentiating isn't just about offering great
service, although falling down in that category would undoubtedly
cost you business. Rather, it means offering something or
stressing something of value that sets you apart from the
crowd.
- Review your time management skills.
Do not spread yourself too thin and get frustrated when
things don't go according to plan. This can severely damage
a marketing program. Learn to master the ability to constantly
juggle getting the work, doing the work, and holding down
the fort. Marketing that is not done consistently creates
peaks and valleys of work.
- Mastery marketers realize that business
building is a team effort. Going it alone, taking the
lone wolf approach, isn't in the best interest of the client
or your company. No matter how good you are, or how smart
you are, there are times when you need support from others
so you can concentrate on attracting big clients with plenty
of money to spend on your services. Your primary role should
be to continue being the master service provider you can
while developing and implementing a moneymaking marketing
program for your company.
Please contact me directly by phone at
949.499.1174 or by email at gerry@masterymarketing.com
if you wish to discuss developing a marketing or sales plan
for your organization, or applying any of these 38 suggestions.
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