Which Marketing Solution is Right for You?
Attractioneering
If you're running a small business, then at some point you may be
faced with the problem that you want to gear up your marketing in
order to grow the business, but at the same time you're afraid of
getting it wrong and losing whatever you invest in it.
Whilst
large businesses can afford to throw large amounts of money at
campaigns, and absorb the losses if their marketing doesn't work,
small businesses need a return on every pound they spend. They need
some level of certainty that the money and effort they invest is
going to produce good results. Otherwise, what can happen is that
they keep doing what they're already doing (which probably isn't
working that well), or they blow a load of money on advertising or
marketing solutions that don't work, and then lose faith in outside
help or marketing altogether.
If you want to avoid wasting
money on marketing and advertising, or getting burnt by marketing
consultants then you'll want to minimise your risks and invest your
money in solutions that work for you.
As you read this
article you'll discover 5 options for learning how to do your own
marketing or recruiting outside help, and the advantages and
disadvantages of each option.
5 Options for Learning
Marketing Skills or Getting Help with Marketing
1) Learn how
to do it yourself through reading books, attending workshops, using
audio programmes etc.
The obvious advantage of this is that it's
the cheapest option, plus as you learn to do things for yourself,
you retain control of your marketing programme. However, the major
drawbacks are that the learning curve is very steep and it may take
a long time to learn what works, plus you may end up learning a lot
of generic information that doesn't directly apply to your business
or that doesn't give you an actual step by step plan. You may learn
what to do, but not how to do it or the exact steps you need to take
to implement what you've learnt.
2) Use a marketing
consultant/agency
The advantage of this is that you effectively
hand over the problem to someone else who deals with it on your
behalf, leaving you to get on with what you do best. The
disadvantages of this option are that you don't learn what works for
your business and you are no longer fully in control of your
marketing function - so you won't know why some things work and
others don't.
Also, this is probably the most expensive
option, and some marketing consultants have got a tendency to
prescribe their pet solution, before even diagnosing the actual
problem and the situation. Not only that, but if your problem is,
for example, lack of sales, and you decide the solution is PR, and
then hire a PR consultant, they will work to your brief. In other
words, you've diagnosed the problem and precribed the solution.
However, PR may not be the best solution to your problem, and a
proper analysis of your target market and your current activities,
budget and opportunities is required before forming the conclusion
that a PR consultant is the answer.
3) Group
coaching/training programmes
The advantage of this is the lower
cost plus regular classes and fieldwork that keep you on track. Some
people will benefit from working in a group, especially as they
learn from the experiences of others, and particularly if there is a
"buddying" system in place.
The disadvantage is the lack of
personal coaching/consulting or significant input from the expert in
examining your particular situation. Not only that, but you'll be
going at a pace as dictated by the course outline, when you might
want to move considerably faster or even slower. Also, most
programmes go through a range of strategies as decided by the
programme creator, some (or many) of which are not applicable to
your particular situation. This is especially true if the programme
is designed for the generic "small business" - what works for a dry
cleaning business may not work for a consultant, coach or
professional.
The result is that you may be learning 10 or 12
strategies at a rather superficial level, rather than homing in on
the 2 or 3 strategies that are really going to deliver results into
your business, and which are manageable.
4) One to one
business/marketing coaching
The advantage of this is the personal
attention, and the ability to address your specific issues. This
works out a little more expensive than a group training programme,
but less expensive than hiring a consultant.
How this works
varies widely and a lot depends on whether the coach is using a
coaching model (i.e. they guide you in working out your own
solutions) or a marketing model (they take on a role more similar to
a consultant than a coach, and tell you what will work for your
situation). Most do not seem to offer any structure, specific
outcomes, or programme of activities so it can be hard to tell what
you're getting for your money.
5) A Structured Programme of
consulting, training and mentoring delivered one to one
In this
scenario the consultant uses a structured series of exercises to
analyse the client's situation, help them build their marketing
foundation, overcome problems and obstacles standing in their way
and works with them to create a series of marketing actions that
will work best for them.
This typically costs about the same
as marketing coaching, but has more tangible outcomes and the
consultant will also be doing things on the client's behalf in
between sessions.
The advantages are that the client is fully in
control of their own situation and is being guided and taught how to
do things for themselves. The consultant will also use their
expertise to steer the client towards solutions that will work for
their situation, their market and their type of business, and filter
out approaches that are irrelevant or less likely to produce good
results.
The disadvantages are that you still have to do the
work yourself (unless you pay for help with implementation), and if
the consultant is helping you to craft your message and build your
foundation, then there may be a delay before any strategies get
fully implemented. This is really the
approach that is analogous
to building your house on rock rather than on sand - it takes a
little longer to lay the foundations, but it's a sturdier, stronger
solution in the end.
Jane Hendry helps professionals, consultants and coaches to create
marketing systems that easily and consistently attract their ideal
clients. To get your f*ree Attraction Marketing Starter Kit please
visit http://www.attractioneers.com . You will also find a F*REE
marketing plan template and a F*REE marketing evaluation.
Prev
Next
▪
Trade and Marketing Articles
▪
Articles Guide