| Digg it UP |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Marketing > Popcorn and Other Marketing Mistakes In a Changing Economy |
|
Digg it UP - Popcorn and Other Marketing Mistakes In a Changing Economy
Multi-Line Small Business Phones e desperate reactive mode characterized by "Popcorn" and into a confident pro-active mode.Multi-line small business phones are ideal for upcoming small businesses. With multi-line operations, one can put the current call on hold to make another call. It becomes possible to use two phone lines with just one phone. This makes the multi line phone an efficient and convenient device to manage business calls. Multi-line small business phones are mainly available in markets as corded business phones and non coded business phones.Most multi-line small business corded phones have a digital answering system, call waiting caller ID, caller ID memory, three-way conferencing and speed dial system.Multi-line speakerphone is another type of corded multi line business phone. Many of these phones have a speakerphone, hold, flash and auto redial, mute keys, 32-number memory and handset volume controller. A two line professional conference Here are seven questions to determine whether you're operating from the "Systems" perspective or the "Popcorn" mind set. 1. Do you have specific, realistic objectives for your sales and marketing efforts? 2. Have you precisely identified your highest potential markets segments? 3. Have you identified the sequence of decisions that a typical prospect goes through to come to a decision to buy your product or service? 4. Have you identified the key activities and processes that must take place on a monthly basis in order for you to reach your sales objectives? 5. Do you have a monthly measurement of the quantity and quality of your key marketing activities? 6. Are you able to track exactly how much it costs to create a customer? 7. Do all of your marketing collateral (brochures, ads, etc.) directly support the purposes and processes of your system? Obviously, a positive answer to those questions indicates that you have a well defined sales and marketing system in place. That means that you have gone from reactive to pro-active marketing, and that you're well on your way to regular, predictable sales. Negative answers mean that you have some work to do to bring your sales and marketing effor Sales Ethics Ten years of competitive hell!He was brilliant. Polished. An asset for the company he represented. In less than an hour, he worked up the crowd to fever pitch. Hundreds of people lined up to sign up for the next step—which involved a no-cost, eight-hour financial investment training day.He was also an author. He told his story of how he met a man who invited him to several investment meetings. And those meetings changed his life forever.He became wealthy from practicing those investment strategies. He turned from amateur to pro. He had finally arrived. And now he wanted to teach those same strategies to investors.He made the audience laugh, repeat "yes" for the umpteenth time, and put everyone at ease with his low-pressure persuasion techniques. He was even crawling on the floor to illustrate a point. There's no doubt he graduated Sales Mastery with honors. That was the title on the seminar brochure I received recently. As I survey some of the forces flowing through our economy, and witness the way in which they effect my clients, I have to agree. The Information Age is certainly one of the most turbulent times business people have ever seen. And the force causing the greatest turbulence is rapid, unrelenting change. Consider this. In 1900, the total amount of knowledge that mankind had was doubling about every 500 years. Today, it doubles about every two years. And the pace continues to increase. One futurist predicts that today's high school seniors will have to absorb more information in their final year alone than their grandparents did in their entire life. At the same time that things are changing rapidly, competition is increasing in almost every industry. Foreign competitors have entered our markets, the wave of corporate downsizing has transformed thousands of displaced executives into reluctant entrepreneurs, and the knowledge explosion continues to evidence itself in new technologies that often provide radically different ways of accomplishing some task. The result? Burgeoning competition in almost every industry. I have yet to meet an executive who has said, "I have fewer competitors today than I did three years ago." Continually growing numbers of competitors seems to be a characteristic of our economy that we are going to have to live with for the foreseeable future. Unfortunately, these forces of rapid change and growing competition have brought a cloud of confusion to CEOs and sales executives trying to grow their businesses. One common response to this cloud of confusion is what I call "Popcorn." Imagine kernels of popcorn simmering in hot oil in the bottom of a popcorn popper. As the heat grows, one of the kernels explodes and rockets off against the side of the popper. A few moments later, another kernel explodes and shoots off in another direction. Before long, the canister is full of careening kernels bouncing in every direction. That's my analogy to the way in which many businesses attempt to increase their sales when the temperature created by growing competition gets hot. As the heat of the situation grows, they know they have to do something. Then along comes a good idea and, pop, like a kernel of exploding popcorn, they lunge at the good idea. The good idea can be anything. Maybe it's a media representative who suggests a new advertisement. That sounds like a good idea. So, "pop" off they go after that. Or it could be a salesperson suggesting that a computer program will solve their problems. That sounds like a good idea, so "pop," off they go after that good idea. Next is an advertising agency suggesting a new brochure. That also sounds good, and "pop," like kernels of corn exploding in every direction, they expend money and energy in short term "good ideas." Like kernels of popcorn, they frantically chase lots of good ideas hoping that one will be the answer to the marketing problems. The problem is that these good ideas rarely have any relationship to one another. And, they generally present superficial solutions to problems which are often deeper. The company's time and energy is diverted toward these superficial "good ideas," and away from the deeper solutions. For example, an advertisement in a trade journal may be a superficial solution for a company that does not have a system for identifying qualified prospects. And a new brochure may be a superficial response for an organization that doesn't have feedback mechanism in place to adequately understand its customers. The unfortunate consequences are often more pressure, more confusion, and more energy expended in the wrong places. Is there a better way? Sure. A far more effective response is to create a powerful sales and marketing system. A sales and marketing system provides an interconnected, measurable set of processes and tools that ultimately result in increased sales. Where would McDonald's be today without a system to consistently produce hot hamburgers? Where would Ford be if they had no system to design and build new automobiles? The keys to success for these businesses has been their ability to create and manage effective systems to accomplish their goals. Sales and marketing can be treated in exactly the same way. The process of acquiring customers and then expanding the business with them can be systematized. If you're successful in creating a working system, you'll be investing your resources in the most effective way, and producing predictable, regular sales results. Your sales and marketing system should start with a thorough understanding of the needs and interests of the prospects. Fold into that an honest awareness of the unique value your company brings to the market, and you have the beginning framework for your system. Your system should focus on the highest potential market segments, and develop segment-specific processes and tools to help you reach your market in the most cost-effective way. When your system is designed, you'll also have a set of criteria in place to help you adequately assess the potential in such things as advertisements, brochures, computer programs, etc. A well-designed system allows you to move out of the desperate reactive mode characterized by "Popcorn" and into a confident pro-active mode. Here are seven questions to determine whether you're operating from the "Systems" perspective or the "Popcorn" mind set. 1. Do you have specific, realistic objectives for your sales and marketing efforts? 2. Have you precisely identified your highest potential markets segments? 3. Have you identified the sequence of decisions that a typical prospect goes through to come to a decision to buy your product or service? 4. Have you identified the key activities and processes that must take place on a monthly basis in order for you to reach your sales objectives? 5. Do you have a monthly measurement of the quantity and quality of your key marketing activities? 6. Are you able to track exactly how much it costs to create a customer? 7. Do all of your marketing collateral (brochures, ads, etc.) directly support the purposes and processes of your system? Obviously, a positive answer to those questions indicates that you have a well defined sales and marketing system in place. That means that you have gone from reactive to pro-active marketing, and that you're well on your way to regular, predictable sales. Negative answers mean that you have some work to do to bring your sales and marketing effort Record Management ago." Continually growing numbers of competitors seems to be a characteristic of our economy that we are going to have to live with for the foreseeable future.Record Management is the practice of identifying, classifying, archiving, preserving, and sometimes destroying records. There is an International Standard on records management, ISO 15489: 2001. This defines record management as, "The field of management responsible for the efficient and systematic control of the creation, receipt, maintenance, use and disposition of records, including the processes for capturing and maintaining evidence of and information about business activities and transactions in the form of records".The ISO defines a record as "information created, received, and maintained as evidence and information by an organization or person, in pursuance of legal obligations or in the transaction of business". It is a distinct piece of recorded information derived, accumulated or received in the preliminary, execution or completio Unfortunately, these forces of rapid change and growing competition have brought a cloud of confusion to CEOs and sales executives trying to grow their businesses. One common response to this cloud of confusion is what I call "Popcorn." Imagine kernels of popcorn simmering in hot oil in the bottom of a popcorn popper. As the heat grows, one of the kernels explodes and rockets off against the side of the popper. A few moments later, another kernel explodes and shoots off in another direction. Before long, the canister is full of careening kernels bouncing in every direction. That's my analogy to the way in which many businesses attempt to increase their sales when the temperature created by growing competition gets hot. As the heat of the situation grows, they know they have to do something. Then along comes a good idea and, pop, like a kernel of exploding popcorn, they lunge at the good idea. The good idea can be anything. Maybe it's a media representative who suggests a new advertisement. That sounds like a good idea. So, "pop" off they go after that. Or it could be a salesperson suggesting that a computer program will solve their problems. That sounds like a good idea, so "pop," off they go after that good idea. Next is an advertising agency suggesting a new brochure. That also sounds good, and "pop," like kernels of corn exploding in every direction, they expend money and energy in short term "good ideas." Like kernels of popcorn, they frantically chase lots of good ideas hoping that one will be the answer to the marketing problems. The problem is that these good ideas rarely have any relationship to one another. And, they generally present superficial solutions to problems which are often deeper. The company's time and energy is diverted toward these superficial "good ideas," and away from the deeper solutions. For example, an advertisement in a trade journal may be a superficial solution for a company that does not have a system for identifying qualified prospects. And a new brochure may be a superficial response for an organization that doesn't have feedback mechanism in place to adequately understand its customers. The unfortunate consequences are often more pressure, more confusion, and more energy expended in the wrong places. Is there a better way? Sure. A far more effective response is to create a powerful sales and marketing system. A sales and marketing system provides an interconnected, measurable set of processes and tools that ultimately result in increased sales. Where would McDonald's be today without a system to consistently produce hot hamburgers? Where would Ford be if they had no system to design and build new automobiles? The keys to success for these businesses has been their ability to create and manage effective systems to accomplish their goals. Sales and marketing can be treated in exactly the same way. The process of acquiring customers and then expanding the business with them can be systematized. If you're successful in creating a working system, you'll be investing your resources in the most effective way, and producing predictable, regular sales results. Your sales and marketing system should start with a thorough understanding of the needs and interests of the prospects. Fold into that an honest awareness of the unique value your company brings to the market, and you have the beginning framework for your system. Your system should focus on the highest potential market segments, and develop segment-specific processes and tools to help you reach your market in the most cost-effective way. When your system is designed, you'll also have a set of criteria in place to help you adequately assess the potential in such things as advertisements, brochures, computer programs, etc. A well-designed system allows you to move out of the desperate reactive mode characterized by "Popcorn" and into a confident pro-active mode. Here are seven questions to determine whether you're operating from the "Systems" perspective or the "Popcorn" mind set. 1. Do you have specific, realistic objectives for your sales and marketing efforts? 2. Have you precisely identified your highest potential markets segments? 3. Have you identified the sequence of decisions that a typical prospect goes through to come to a decision to buy your product or service? 4. Have you identified the key activities and processes that must take place on a monthly basis in order for you to reach your sales objectives? 5. Do you have a monthly measurement of the quantity and quality of your key marketing activities? 6. Are you able to track exactly how much it costs to create a customer? 7. Do all of your marketing collateral (brochures, ads, etc.) directly support the purposes and processes of your system? Obviously, a positive answer to those questions indicates that you have a well defined sales and marketing system in place. That means that you have gone from reactive to pro-active marketing, and that you're well on your way to regular, predictable sales. Negative answers mean that you have some work to do to bring your sales and marketing effor Modern Trends of Drop Shipping and Wholesaling unds like a good idea, so "pop," off they go after that good idea. Next is an advertising agency suggesting a new brochure. That also sounds good, and "pop," like kernels of corn exploding in every direction, they expend money and energy in short term "good ideas."Drop shipping refers to the process that enables a retailer to bypass stocking of inventory. A retailer will take customer orders and pass the delivery details to the drop shipper, who carries the stock of goods and who will be responsible for shipping the goods out to the customer. The retailer will pay the drop shipper and in turn receive payment from the customer. The retailer will earn the difference between the wholesale price he pays and the retail price he receives. The retailer may himself be either a retailer or wholesaler of goods – i.e. he may choose to offer this service to bulk customers only or may offer it to all customers.Drop shipping clearly has its advantages in terms of passing on the cost of carrying inventory onto a third party and low cost of entry into the business. This makes the business of drop shipping a very popu Like kernels of popcorn, they frantically chase lots of good ideas hoping that one will be the answer to the marketing problems. The problem is that these good ideas rarely have any relationship to one another. And, they generally present superficial solutions to problems which are often deeper. The company's time and energy is diverted toward these superficial "good ideas," and away from the deeper solutions. For example, an advertisement in a trade journal may be a superficial solution for a company that does not have a system for identifying qualified prospects. And a new brochure may be a superficial response for an organization that doesn't have feedback mechanism in place to adequately understand its customers. The unfortunate consequences are often more pressure, more confusion, and more energy expended in the wrong places. Is there a better way? Sure. A far more effective response is to create a powerful sales and marketing system. A sales and marketing system provides an interconnected, measurable set of processes and tools that ultimately result in increased sales. Where would McDonald's be today without a system to consistently produce hot hamburgers? Where would Ford be if they had no system to design and build new automobiles? The keys to success for these businesses has been their ability to create and manage effective systems to accomplish their goals. Sales and marketing can be treated in exactly the same way. The process of acquiring customers and then expanding the business with them can be systematized. If you're successful in creating a working system, you'll be investing your resources in the most effective way, and producing predictable, regular sales results. Your sales and marketing system should start with a thorough understanding of the needs and interests of the prospects. Fold into that an honest awareness of the unique value your company brings to the market, and you have the beginning framework for your system. Your system should focus on the highest potential market segments, and develop segment-specific processes and tools to help you reach your market in the most cost-effective way. When your system is designed, you'll also have a set of criteria in place to help you adequately assess the potential in such things as advertisements, brochures, computer programs, etc. A well-designed system allows you to move out of the desperate reactive mode characterized by "Popcorn" and into a confident pro-active mode. Here are seven questions to determine whether you're operating from the "Systems" perspective or the "Popcorn" mind set. 1. Do you have specific, realistic objectives for your sales and marketing efforts? 2. Have you precisely identified your highest potential markets segments? 3. Have you identified the sequence of decisions that a typical prospect goes through to come to a decision to buy your product or service? 4. Have you identified the key activities and processes that must take place on a monthly basis in order for you to reach your sales objectives? 5. Do you have a monthly measurement of the quantity and quality of your key marketing activities? 6. Are you able to track exactly how much it costs to create a customer? 7. Do all of your marketing collateral (brochures, ads, etc.) directly support the purposes and processes of your system? Obviously, a positive answer to those questions indicates that you have a well defined sales and marketing system in place. That means that you have gone from reactive to pro-active marketing, and that you're well on your way to regular, predictable sales. Negative answers mean that you have some work to do to bring your sales and marketing effor The Importance of Press Releases y result in increased sales. Where would McDonald's be today without a system to consistently produce hot hamburgers? Where would Ford be if they had no system to design and build new automobiles? The keys to success for these businesses has been their ability to create and manage effective systems to accomplish their goals.You might be asking, what’s the importance of press releases? After all, you advertise your business and spend good money to get the word out about the invaluable services you are providing your customers. You might be thinking that you have no need for press releases or the media; you’re not in the business of making news, but of making money.Well, you might be surprised to discover that there’s a simple answer to why press releases for your business are so important. Most people never think about it, they are more concerned with creating a successful company, but once they do, and follow through, in just a short period of time -- weeks or just a few months -- they may begin to see a major change in the way the media, and most importantly, their clients, see them.Advertising and publicity are two completely separate tools that busine Sales and marketing can be treated in exactly the same way. The process of acquiring customers and then expanding the business with them can be systematized. If you're successful in creating a working system, you'll be investing your resources in the most effective way, and producing predictable, regular sales results. Your sales and marketing system should start with a thorough understanding of the needs and interests of the prospects. Fold into that an honest awareness of the unique value your company brings to the market, and you have the beginning framework for your system. Your system should focus on the highest potential market segments, and develop segment-specific processes and tools to help you reach your market in the most cost-effective way. When your system is designed, you'll also have a set of criteria in place to help you adequately assess the potential in such things as advertisements, brochures, computer programs, etc. A well-designed system allows you to move out of the desperate reactive mode characterized by "Popcorn" and into a confident pro-active mode. Here are seven questions to determine whether you're operating from the "Systems" perspective or the "Popcorn" mind set. 1. Do you have specific, realistic objectives for your sales and marketing efforts? 2. Have you precisely identified your highest potential markets segments? 3. Have you identified the sequence of decisions that a typical prospect goes through to come to a decision to buy your product or service? 4. Have you identified the key activities and processes that must take place on a monthly basis in order for you to reach your sales objectives? 5. Do you have a monthly measurement of the quantity and quality of your key marketing activities? 6. Are you able to track exactly how much it costs to create a customer? 7. Do all of your marketing collateral (brochures, ads, etc.) directly support the purposes and processes of your system? Obviously, a positive answer to those questions indicates that you have a well defined sales and marketing system in place. That means that you have gone from reactive to pro-active marketing, and that you're well on your way to regular, predictable sales. Negative answers mean that you have some work to do to bring your sales and marketing effor Causes Of Business Globalization e desperate reactive mode characterized by "Popcorn" and into a confident pro-active mode.It means businesses are shifting their boundaries from domestic to international ones. The rapid growth of business globalization rises some questions to research. One of them is why business is becoming global? The main and important causes for the recent business globalization are: increase in global competition, rapid increase and expansion of technology, liberalization of cross border movement and development of supporting services. The pressure of increased foreign competition can force a company to expand its business into international market. Now day’s companies can respond rapidly to many foreign sales opportunities. They can exchange production quickly among countries if they are experienced in foreign market and because they can transport goods efficiently from one place to other.The pace of the technology advances has accelerated Here are seven questions to determine whether you're operating from the "Systems" perspective or the "Popcorn" mind set. 1. Do you have specific, realistic objectives for your sales and marketing efforts? 2. Have you precisely identified your highest potential markets segments? 3. Have you identified the sequence of decisions that a typical prospect goes through to come to a decision to buy your product or service? 4. Have you identified the key activities and processes that must take place on a monthly basis in order for you to reach your sales objectives? 5. Do you have a monthly measurement of the quantity and quality of your key marketing activities? 6. Are you able to track exactly how much it costs to create a customer? 7. Do all of your marketing collateral (brochures, ads, etc.) directly support the purposes and processes of your system? Obviously, a positive answer to those questions indicates that you have a well defined sales and marketing system in place. That means that you have gone from reactive to pro-active marketing, and that you're well on your way to regular, predictable sales. Negative answers mean that you have some work to do to bring your sales and marketing efforts into a proactive mode to allow you to successfully compete in the turbulent 21st Century. Copyright 2006 Dave Kahle
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Learn More About Where to Look for Real Online Jobs Help Your Way to Millions-Hard Principles On Making Money Could Franchising Be The Business For Me?
|