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Sponsored by


For Growing
Businesses
4 x 4 Plan
•   4   hours   personal development            Sponsored by
•   4   hours   set & review SMART objectives
•   4   hours   mentoring another business
•   4   hours   insource another skill
Marketing for
Marketing for


               Would You?
Invest 15% of annual income as an Amateur
      Know how to get a 400% Return
Be surprised to see your investment shrink?
Marketing for


             The Marketing Plan
                   What is it?

    Marketing is the management process
responsible for, identifying, anticipating, and
satisfying customer requirements, profitably.
                                 Chartered Institute of Marketing
Marketing for


                The Marketing Plan
Strategic marketing can easily double your profits in a year

              Businesses are NOT different
 please be willing to try things that have worked elsewhere

    Losers make excuses - Winners take responsibility

                          or less
Marketing for


             Advanced Marketing for Maximum Profits
                            Relate                                   Create

                                         Determine
             Identify &    Understand                                             Build
Passion




                                         key             Build      Create
             Target Your   buying        customer                                 infrastructure
                                                       relevant     product or
             Customer      behaviour &   value                                    to operate
                                                        brand       service
                           competition   triggers                                 and sell


                           Promote                                  Monetise
Commitment




             Build         Send
                                         Do follow
             promotions    promotions                 Fulfil with
                                         up                         Sell Deeper   Sell Broader
             partners      measure                    Excellence
                                         promotions
             affiliates    responses
Marketing for


                     The Marketing Plan
       Any kind of business success begins with customers
Focus and Pay constant attention to Customers
• Who are they?
• What motivates them?
• Who do you want them to be?
  – This choice will determine the upper limits of your wealth
      • The speed, The ease, The marketing strategy, 6 figure or 7 figure income
Marketing for


                        Who is your customer?
• What interests your customers?
• What is their buying behaviour
   – Have they bought recently, do they buy frequently?
   – Do they have the power to decide?
• What is their wealth
   – Is a £500 pen ten times more difficult to sell than a £50 pen?
   – 5 – 10% of customers are willing to spend 5 times more than the average
• Demographics
   – Your best customers have certain demographics in common
       • Identify them – Profile them
• Geography
   – Is your market, your village, town, city, region, country, world
Marketing for


     Who do you want your customer to be?
• You haven’t asked because…….
• Believe and the only issue is time
    – When will it happen?
• There is no right answer
    – But, there is a more profitable answer
• Customers are the source of your wealth
    – Without customers there is no Joy to multiply

• Source of Joy
    – Who are they?
    – How many of them are there?
    – Where are they?
         •   How do you find them online

         There are multiple customer sources – Exploit them systematically
Marketing for


       Test Multiple Marketing Approaches
• Most businesses are built on just one method of
  business development
   – Often referrals




        There are multiple marketing methods – Test them systematically
Marketing for


       Test Multiple Marketing Approaches
• Most businesses are built on just one method of
  business development
   – Often referrals




        There are multiple marketing methods – Test them systematically
Marketing for


  The Most Dangerous Number in Business
• There are many businesses 100% dependent
  on Google Adwords
  – Google closed 30,000 adwords accounts in December 2009


                                                     Google decided by computer
                                                     algorithm which to close

                                                     The Risk of ‘1’

                                                     Never take huge risks


       There are multiple marketing methods – Test them systematically
Marketing for


         Marketing Techniques are Numerous
Direct Sales, Trade Shows, Joint Ventures, Affiliates, Telemarketing, Internet
Advertising, Display Advertising, Sponsorship, Direct Mail, Pay-Per-
Click, PR, SEO, Social Media…………
• All businesses are unique, and no business is unique
•   Test Small
•   Test often (try something new each month)
•   Failure is good (Just don’t fail at the same thing twice)
•   Fail fast
•   Successful people fail more often and the most successful people fail most
•   When testing, only ever aim to break even
     – You will always improve by split testing in production
     – Upside is all positive
          There are multiple marketing methods – Test them systematically
Marketing for


           Marketing Is Currently Cheap
             Many big businesses are bewildered,
              ‘where did all the customers go?’
           budgets got slashed and deals are cheap.
• Test often (try something new each month)




      There are multiple marketing methods – Test them systematically
Marketing for


               Status and Celebrity Sells
• The age of celebrity is now
   – Chefs (Oliver, Ramsey, et al)
   – Estate Agents (Phil & Kirsty)
   – Gardeners, Builders, Antiques Dealers………..
• People crave leadership
• Natural flow towards the experts
   – Wealth flows naturally to the top

        Celebrity is a ‘land grab’ – Claim it before someone else does
Marketing for


                Status and Celebrity Sells
•   It is there to be claimed, just grab it
•   It allows super premium pricing
•   How to get status
•   Just decide to do it
•   Tag line ‘The leading/top/world’s most…..’
•   Identify yourself as an authority
•   PR
•   Include in all marketing
•   Emails, video, reports, information products
         Celebrity is a ‘land grab’ – Claim it before someone else does
Marketing for


                  Status and Celebrity Sells
• Be seen with other celebrities and share it with your
  customers
• Get celebrities to your personal celebrations then share the
  pictures with your customers
• Celebrity connection
• Drives up the price
• ‘status pricing’
• Add a super premium offer
• 1-3% of the market in every market will pay 20 to 50 times
  more
• Leader breaks free of price competition
• There is only one market leader and it tough to overtake
         Celebrity is a ‘land grab’ – Claim it before someone else does
Marketing for


           Status and Celebrity Sells
• People are trained to look up to
  authority/celebrity/status
• Ex-prime ministers, footballers, titled gentry
• Leader builds scarcity
• The only thing that sells to the super rich
• Restrict mobile #
• The world’s10 richest people do not own a mobile
• Contrast with typical business owners
• Anonymous, run ragged, in debt, going bust
       Celebrity is a ‘land grab’ – Claim it before someone else does
Marketing for


                              The Key Question
 • Which question should a business owner ask?
      – ‘How much can I afford to spend on
        marketing/advertising?’……….. Or,
      – ‘How many customers can we buy’

 • 3 ways to buying customers
      – Lead generation
      – Self liquidating offers
      – Buying customers at a loss
The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer
Marketing for


                               Lead Generation
 • Immediate sale does not work
      – Advertising response very low or nothing
      – Online never
 • Advertising does not sell – it begins a relationship
      – Entice people with a benefit
      – Offer free information
      – Key word for lead generation is ‘FREE’
           • Reports, videos, samples, consultancy, event

The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer
Marketing for


                         Self Liquidation Offer
 • Buy customers at breakeven
      – If it costs £250 to get 5 customers that earn £50
           • Most, think it not worth repeating
           • Smart, think it is fantastic - they know they will be back
                   Buying Customers at a Loss
 • Giving free trial, selling below cost


The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer
Marketing for


          Understand Customer Lifetime Value
 • Know how long you keep a customer for any
   given product/service
      – How many times will they repeat? How often?
      – What is each sale worth?
 • Marketing Budgets
      – Are Wrong!, Wrong!, Wrong!
      – Plan your cash flow, but invest all you can

The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer
Marketing for


                                    Multiply Joy
 •   Winning and retaining customers
 •   Multiple target customers
 •   Up-selling customers with additional product
 •   Using multiple marketing methods
 •   Continuously improving effectiveness
 •   Investing for fantastic %age returns
 •   Managing cash
 •   Marketing budgets
      – Are Wrong!, Wrong!, Wrong!
      – Plan your cash flow, but invest all you can

The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer
Marketing for

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Marketing for success

  • 2. 4 x 4 Plan • 4 hours personal development Sponsored by • 4 hours set & review SMART objectives • 4 hours mentoring another business • 4 hours insource another skill
  • 3.
  • 5. Marketing for Would You? Invest 15% of annual income as an Amateur Know how to get a 400% Return Be surprised to see your investment shrink?
  • 6. Marketing for The Marketing Plan What is it? Marketing is the management process responsible for, identifying, anticipating, and satisfying customer requirements, profitably. Chartered Institute of Marketing
  • 7. Marketing for The Marketing Plan Strategic marketing can easily double your profits in a year Businesses are NOT different please be willing to try things that have worked elsewhere Losers make excuses - Winners take responsibility or less
  • 8. Marketing for Advanced Marketing for Maximum Profits Relate Create Determine Identify & Understand Build Passion key Build Create Target Your buying customer infrastructure relevant product or Customer behaviour & value to operate brand service competition triggers and sell Promote Monetise Commitment Build Send Do follow promotions promotions Fulfil with up Sell Deeper Sell Broader partners measure Excellence promotions affiliates responses
  • 9. Marketing for The Marketing Plan Any kind of business success begins with customers Focus and Pay constant attention to Customers • Who are they? • What motivates them? • Who do you want them to be? – This choice will determine the upper limits of your wealth • The speed, The ease, The marketing strategy, 6 figure or 7 figure income
  • 10. Marketing for Who is your customer? • What interests your customers? • What is their buying behaviour – Have they bought recently, do they buy frequently? – Do they have the power to decide? • What is their wealth – Is a £500 pen ten times more difficult to sell than a £50 pen? – 5 – 10% of customers are willing to spend 5 times more than the average • Demographics – Your best customers have certain demographics in common • Identify them – Profile them • Geography – Is your market, your village, town, city, region, country, world
  • 11. Marketing for Who do you want your customer to be? • You haven’t asked because……. • Believe and the only issue is time – When will it happen? • There is no right answer – But, there is a more profitable answer • Customers are the source of your wealth – Without customers there is no Joy to multiply • Source of Joy – Who are they? – How many of them are there? – Where are they? • How do you find them online There are multiple customer sources – Exploit them systematically
  • 12. Marketing for Test Multiple Marketing Approaches • Most businesses are built on just one method of business development – Often referrals There are multiple marketing methods – Test them systematically
  • 13. Marketing for Test Multiple Marketing Approaches • Most businesses are built on just one method of business development – Often referrals There are multiple marketing methods – Test them systematically
  • 14. Marketing for The Most Dangerous Number in Business • There are many businesses 100% dependent on Google Adwords – Google closed 30,000 adwords accounts in December 2009 Google decided by computer algorithm which to close The Risk of ‘1’ Never take huge risks There are multiple marketing methods – Test them systematically
  • 15. Marketing for Marketing Techniques are Numerous Direct Sales, Trade Shows, Joint Ventures, Affiliates, Telemarketing, Internet Advertising, Display Advertising, Sponsorship, Direct Mail, Pay-Per- Click, PR, SEO, Social Media………… • All businesses are unique, and no business is unique • Test Small • Test often (try something new each month) • Failure is good (Just don’t fail at the same thing twice) • Fail fast • Successful people fail more often and the most successful people fail most • When testing, only ever aim to break even – You will always improve by split testing in production – Upside is all positive There are multiple marketing methods – Test them systematically
  • 16. Marketing for Marketing Is Currently Cheap Many big businesses are bewildered, ‘where did all the customers go?’ budgets got slashed and deals are cheap. • Test often (try something new each month) There are multiple marketing methods – Test them systematically
  • 17. Marketing for Status and Celebrity Sells • The age of celebrity is now – Chefs (Oliver, Ramsey, et al) – Estate Agents (Phil & Kirsty) – Gardeners, Builders, Antiques Dealers……….. • People crave leadership • Natural flow towards the experts – Wealth flows naturally to the top Celebrity is a ‘land grab’ – Claim it before someone else does
  • 18. Marketing for Status and Celebrity Sells • It is there to be claimed, just grab it • It allows super premium pricing • How to get status • Just decide to do it • Tag line ‘The leading/top/world’s most…..’ • Identify yourself as an authority • PR • Include in all marketing • Emails, video, reports, information products Celebrity is a ‘land grab’ – Claim it before someone else does
  • 19. Marketing for Status and Celebrity Sells • Be seen with other celebrities and share it with your customers • Get celebrities to your personal celebrations then share the pictures with your customers • Celebrity connection • Drives up the price • ‘status pricing’ • Add a super premium offer • 1-3% of the market in every market will pay 20 to 50 times more • Leader breaks free of price competition • There is only one market leader and it tough to overtake Celebrity is a ‘land grab’ – Claim it before someone else does
  • 20. Marketing for Status and Celebrity Sells • People are trained to look up to authority/celebrity/status • Ex-prime ministers, footballers, titled gentry • Leader builds scarcity • The only thing that sells to the super rich • Restrict mobile # • The world’s10 richest people do not own a mobile • Contrast with typical business owners • Anonymous, run ragged, in debt, going bust Celebrity is a ‘land grab’ – Claim it before someone else does
  • 21. Marketing for The Key Question • Which question should a business owner ask? – ‘How much can I afford to spend on marketing/advertising?’……….. Or, – ‘How many customers can we buy’ • 3 ways to buying customers – Lead generation – Self liquidating offers – Buying customers at a loss The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer
  • 22. Marketing for Lead Generation • Immediate sale does not work – Advertising response very low or nothing – Online never • Advertising does not sell – it begins a relationship – Entice people with a benefit – Offer free information – Key word for lead generation is ‘FREE’ • Reports, videos, samples, consultancy, event The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer
  • 23. Marketing for Self Liquidation Offer • Buy customers at breakeven – If it costs £250 to get 5 customers that earn £50 • Most, think it not worth repeating • Smart, think it is fantastic - they know they will be back Buying Customers at a Loss • Giving free trial, selling below cost The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer
  • 24. Marketing for Understand Customer Lifetime Value • Know how long you keep a customer for any given product/service – How many times will they repeat? How often? – What is each sale worth? • Marketing Budgets – Are Wrong!, Wrong!, Wrong! – Plan your cash flow, but invest all you can The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer
  • 25. Marketing for Multiply Joy • Winning and retaining customers • Multiple target customers • Up-selling customers with additional product • Using multiple marketing methods • Continuously improving effectiveness • Investing for fantastic %age returns • Managing cash • Marketing budgets – Are Wrong!, Wrong!, Wrong! – Plan your cash flow, but invest all you can The purpose of a customer is not to get a sale, the purpose of a sale is to get a customer