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Evaluating Marketing
Strategies to Achieve Results
    March 18, 2004
  dawny@aspectx.com
   www.aspectx.com
Getting the Word Out
• Four Basic Food Groups
  –   PR
  –   Marketing
  –   Advertising
  –   Sales
Take Stock: The Questions
• What are the market trends in your industry today?
• What are the demographics of your target
  audience? Buying motives? Consumption
  patterns?
• Are there up sell opportunities not being tapped?
• Where will your core market be in the next six to
  nine months?
• What is the hottest potential market in the next six
  to nine months related to your target audiences?
Public Relations
                                                      •The art of
•   Useful in a Call to Action                        communicating with
                                                      specific groups to
•   Building a Brand                                  inform and educate
•   Expert Status                                     effectively to create
                                                      a positive opinion.
•   Launch of Product or Service

    – Event Planning
       • Trade Shows, Seminars, Special Event Tie-Ins
    – Media Relations
    – Incentive Programs

                       . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
Find a Good Chef
>>>>Assign Resources to Marketing and
   Public Relations.
    •   Internal or external staffing is required to support
        sales efforts.
    •   These are not secretarial duties to be done in-
        between other critical assignments.
    •   Note: Marketing responsibilities are never more
        critical than prior to and during product
        launches.
Marketing
                                                            Defined activities
• ASPectx believes that solid                               designed to support
                                                            specific strategy for
  marketing plans begin with                                an organization or
                                                            corporation with
  defining your target audiences and                        purposeful tactics to
                                                            produce tangible
  reviewing sales objectives.                               results
• Research.
• Strategic Planning.
• Tactics.
• Execution.

                  . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
Advertising
                                                                Advertising is the
• Talk one-to-many and be                                       nonpersonal, paid
                                                                communication of
  persistent in key media of interest                           information. It is
                                                                persuasive in nature,
  to your target                                                referring to
                                                                products, services or
                                                                ideas by identified
   –   Newspaper ads                                            sponsors

   –   Billboards
   –   Radio and TV
   –   Online sponsorships, targeted email


                      . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
Sales
                                                          Activities
• Usually involving                                       involved in selling
                                                          goods or services
  interpersonal exchanges to
  convince or sway for a final
  purchase

  To Get to Closing: Personal
   relationships (PR) and/or a
   combo plate of PR, Marketing,
   and Advertising activities
                . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
Timing of Initiatives
• “That Depends.” Tell Me More.
• Answer basic questions:
  –   Target Market
  –   How Does This Target Market Receive Info
  –   Uniqueness or Value of What You Are Selling
  –   What Business Phase are You In?
       • Startup   New Product   Rebranding
Avoid the “Just Pizza”Approach

• A Mix of Activities
 Can Get You to Revenue & Profits
• Get some of all your
food groups
                                    Delicious,
                                    But Not
                                    Nutritious
Solid Business Growth
• Dream Within Your Known Budget
  – Identify Achievable Results/Set Goals
  – What will be considered success on getting the
    word out? Product awareness, sales leads,
    testimonials, a new distribution channel,
    educated sales reps, internal company
    acceptance
Common Mistakes/Real Stories

• Name Change Issues—Signature Insurance
  Group
“The Case of the Missing Newsletter”
          Existing Clients Count
Bell Ceramics
• Case of a similar logo from a competitor
  (Clermont, Florida)
  – The Public Relations Question
         “The Case of a Better Plan”
  Improve Your Distribution Channel/Template It
Microdyne
• Reverse Merger Issue and Software solution
  vs. Hardware
• “The Case of Replacing Jargon with
  Meaningful Assertions”
      Just Because It’s in a Trade Mag
  Doesn’t Mean Anyone Understands You
NKL Cash Handling
• Presumed clients wouldn’t share data from
  their installations for PR
     “The Case for the Case Study”
  Ask your clients to support your company
  through telling their story—testimonials
  work
No Comment/No Good
• In a crisis situation—Prepare your
  statements with a dose of reality and truth
Example: Ocala/Marion County Tourism
  Development Council, Enron, Gov. Patton
“The Case of Deciding
What Is the Company Line”
Pre-Launch Planning
• Make Sure You are Ready to Talk
  – Map out what you see as the sales cycle
  – Do you know your company’s
    “story?”>>(make sure all team players do)
  – Standardize materials or be prepared to look
    like you represent 3 different companies
Putting It All Together
• "Oh no, I haven't failed 5,000 times. I've
  succeeded in finding 5,000 different ways that you
  cannot possibly build a light bulb."
   – - Thomas A. Edison, on his progress during the quest
     for the incandescent electric lamp
• Take the attitude of Mr. Edison:
  Instead of becoming frustrated with selling and
  thinking you've failed to do what works, realize
  that you've been successful in finding things that
  don't work. That leaves what does work.
Cliff Notes
• Page 3 Section 10.2 Marketing Program
• Page 7 Section 10.5 Marketing Budget
• Page 11 Section 10.8 Evaluation Process
Tech to Support Efforts
•   Email campaigns: Exacttarget.com
•   Surveymonkey.com and Evite.com
•   Spam filtering—ipop and Virusgard
•   Search engines: Copernic
•   Webcasts: MShow
Marketing Campaigns, Web
          Content, and/or Collateral
• Representative Clients:
  GE Appliance and Industrial Group;
  Greenebaum, Doll & McDonald; Belcan Corp.;
  TransDigital Solutions; KAIRE; iPop
  As A Consultant’s Consultant: Subcontract to
  local ad agencies on marketing plans, web
  content, and public relations for their clients,
  including Price-Weber, Current Marketing, Paul
  Schultz Advertising etc.
                  . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
Typical Projects
• Short-term or Long-Term PR—local, regional,
  trade press, international targets
• Case studies, white papers, web content
• Marketing Plans-3, 6 or 12 mth programs
• Seminars and Speaking Circuits
• Research/Defining Competitive Advantage
• Sales Development Tactics
• Sales Introductions and Material Development
• Business Plan Updates and Rewrites
Technology Solutions
• Technology Assessment—Qualified Team
  Approach
• Web Consulting for clients of all levels
• Internal Briefings on Technology Options
Representative Projects: Orr Safety, ACBL,
  Kentucky Society of CPAs, Directec, Nutech
  Solutions
               . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
Miscellaneous
• Freelance Writing: Louisville magazine,
  Snitch, Sap.com; FairCount International,
  Electronic House, Information Today,
  Executive Magazine etc…
• Organizer of Conferences and Seminar
  Programs


                . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364

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Strategies

  • 1. Evaluating Marketing Strategies to Achieve Results March 18, 2004 dawny@aspectx.com www.aspectx.com
  • 2. Getting the Word Out • Four Basic Food Groups – PR – Marketing – Advertising – Sales
  • 3. Take Stock: The Questions • What are the market trends in your industry today? • What are the demographics of your target audience? Buying motives? Consumption patterns? • Are there up sell opportunities not being tapped? • Where will your core market be in the next six to nine months? • What is the hottest potential market in the next six to nine months related to your target audiences?
  • 4. Public Relations •The art of • Useful in a Call to Action communicating with specific groups to • Building a Brand inform and educate • Expert Status effectively to create a positive opinion. • Launch of Product or Service – Event Planning • Trade Shows, Seminars, Special Event Tie-Ins – Media Relations – Incentive Programs . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
  • 5. Find a Good Chef >>>>Assign Resources to Marketing and Public Relations. • Internal or external staffing is required to support sales efforts. • These are not secretarial duties to be done in- between other critical assignments. • Note: Marketing responsibilities are never more critical than prior to and during product launches.
  • 6. Marketing Defined activities • ASPectx believes that solid designed to support specific strategy for marketing plans begin with an organization or corporation with defining your target audiences and purposeful tactics to produce tangible reviewing sales objectives. results • Research. • Strategic Planning. • Tactics. • Execution. . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
  • 7. Advertising Advertising is the • Talk one-to-many and be nonpersonal, paid communication of persistent in key media of interest information. It is persuasive in nature, to your target referring to products, services or ideas by identified – Newspaper ads sponsors – Billboards – Radio and TV – Online sponsorships, targeted email . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
  • 8. Sales Activities • Usually involving involved in selling goods or services interpersonal exchanges to convince or sway for a final purchase To Get to Closing: Personal relationships (PR) and/or a combo plate of PR, Marketing, and Advertising activities . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
  • 9. Timing of Initiatives • “That Depends.” Tell Me More. • Answer basic questions: – Target Market – How Does This Target Market Receive Info – Uniqueness or Value of What You Are Selling – What Business Phase are You In? • Startup New Product Rebranding
  • 10. Avoid the “Just Pizza”Approach • A Mix of Activities Can Get You to Revenue & Profits • Get some of all your food groups Delicious, But Not Nutritious
  • 11. Solid Business Growth • Dream Within Your Known Budget – Identify Achievable Results/Set Goals – What will be considered success on getting the word out? Product awareness, sales leads, testimonials, a new distribution channel, educated sales reps, internal company acceptance
  • 12. Common Mistakes/Real Stories • Name Change Issues—Signature Insurance Group “The Case of the Missing Newsletter” Existing Clients Count
  • 13. Bell Ceramics • Case of a similar logo from a competitor (Clermont, Florida) – The Public Relations Question “The Case of a Better Plan” Improve Your Distribution Channel/Template It
  • 14. Microdyne • Reverse Merger Issue and Software solution vs. Hardware • “The Case of Replacing Jargon with Meaningful Assertions” Just Because It’s in a Trade Mag Doesn’t Mean Anyone Understands You
  • 15. NKL Cash Handling • Presumed clients wouldn’t share data from their installations for PR “The Case for the Case Study” Ask your clients to support your company through telling their story—testimonials work
  • 16. No Comment/No Good • In a crisis situation—Prepare your statements with a dose of reality and truth Example: Ocala/Marion County Tourism Development Council, Enron, Gov. Patton “The Case of Deciding What Is the Company Line”
  • 17. Pre-Launch Planning • Make Sure You are Ready to Talk – Map out what you see as the sales cycle – Do you know your company’s “story?”>>(make sure all team players do) – Standardize materials or be prepared to look like you represent 3 different companies
  • 18. Putting It All Together • "Oh no, I haven't failed 5,000 times. I've succeeded in finding 5,000 different ways that you cannot possibly build a light bulb." – - Thomas A. Edison, on his progress during the quest for the incandescent electric lamp • Take the attitude of Mr. Edison: Instead of becoming frustrated with selling and thinking you've failed to do what works, realize that you've been successful in finding things that don't work. That leaves what does work.
  • 19. Cliff Notes • Page 3 Section 10.2 Marketing Program • Page 7 Section 10.5 Marketing Budget • Page 11 Section 10.8 Evaluation Process
  • 20. Tech to Support Efforts • Email campaigns: Exacttarget.com • Surveymonkey.com and Evite.com • Spam filtering—ipop and Virusgard • Search engines: Copernic • Webcasts: MShow
  • 21. Marketing Campaigns, Web Content, and/or Collateral • Representative Clients: GE Appliance and Industrial Group; Greenebaum, Doll & McDonald; Belcan Corp.; TransDigital Solutions; KAIRE; iPop As A Consultant’s Consultant: Subcontract to local ad agencies on marketing plans, web content, and public relations for their clients, including Price-Weber, Current Marketing, Paul Schultz Advertising etc. . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
  • 22. Typical Projects • Short-term or Long-Term PR—local, regional, trade press, international targets • Case studies, white papers, web content • Marketing Plans-3, 6 or 12 mth programs • Seminars and Speaking Circuits • Research/Defining Competitive Advantage • Sales Development Tactics • Sales Introductions and Material Development • Business Plan Updates and Rewrites
  • 23. Technology Solutions • Technology Assessment—Qualified Team Approach • Web Consulting for clients of all levels • Internal Briefings on Technology Options Representative Projects: Orr Safety, ACBL, Kentucky Society of CPAs, Directec, Nutech Solutions . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364
  • 24. Miscellaneous • Freelance Writing: Louisville magazine, Snitch, Sap.com; FairCount International, Electronic House, Information Today, Executive Magazine etc… • Organizer of Conferences and Seminar Programs . Direct: 502-292-2351 . Cell: 502-548-1304 . Fax: 502-292-2364