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What Should A Company Expect From Its Marketing Program?Eight ways to evaluate resultsBy John R. Graham |
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Getting something for nothing seems to be a universal human desire that extends into the business arena. For example, company owners and managers are often heard to ask, What should we expect to get out of our marketing program? How will our dollar investment translate into increased sales? Although the questions seem appropriate, they are dead wrong when it comes to marketing. The job of a company's marketing program is not to increase sales--or even to make sales. Marketing has one objective: to create customers. Marketing has nothing to do with selling, although it has everything to do with creating a proper environment so that making the sale is the logical, appropriate and compelling next step. In other words, the task of marketing is to establish a climate so that the sales force can excel in its efforts. Within this context, then, what kind of results can a company expect from its marketing program? Here are eight tangible, measurable ways to evaluate a marketing program. Differentiate Your Company, Product or Service
from the Competition In far too many instances, companies literally steal from each other when it comes to their marketing efforts. All the brochures look alike, with the same photos, the same words, the same cover designs. In our industry, this is how it's done. This is the denial of differentiation. Looking alike is a killer today. Continuing Flow of Quality Leads Although it may seem elementary or obvious, it's easy to forget that leads precede sales. If a sales force is busy following up on qualified leads, sales will naturally increase. On the other hand, if the company's salespeople must spend their time trying to get through doors and locate prospects, then their time will be used prospecting--and not making sales. Stay in the Customer's Mind A primary role of marketing is to stay in the customer's mind at all times. Developing programs that reinforce awareness is an essential element of good marketing. Lock on the Marketplace Too many firms hold the view that doing a good job is all that's necessary in order to get business. If this were true, then why are so many shoddy, second-class suppliers still getting orders--and taking business away from companies that can do better, more reliable work? Expertise and Knowledge You need to communicate your company's capabilities to customers and prospects. This isn't just listing the equipment it has on the production floor or the number of service representatives. The best way to differentiate a business is through its level of knowledge. This is really what sets it apart from everyone else in the field.
Long-Term Orientation One of the functions of a marketing program is to keep our eyes focused on making sure we're in business for many, many tomorrows. Customer-Focused To illustrate the point, a marketing services firm was asked to review and then comment on a company brochure, which was obviously the centerpiece of the firm's marketing activities. In a report to the managing partner, the report included a comment about the brochure's table of contents and the brochure copy itself. There were just three headings for the brochure: Our goals. Our approach. Our experience. The italics have been added to dramatize the point. Could this brochure be used? Absolutely. In fact, it would make an effective orientation document for new employees of the firm. It tells the firm's story from its own viewpoint, but it fails enormously to communicate the message that it understands its clients and their needs. A marketing brochure must make certain that attention is totally directed to customers and prospects. Customer Retention Although it's not widely discussed, customers leave because they feel ignored, insignificant, forgotten. When this happens, they seek new relationships in order to reignite their value to a vendor. Without even recognizing that it's happening, companies allow customer relationships to become dull, empty and lifeless. A routine sets in that fails to keep the fire alive. The eyes of a professional marketer never leave current customers in an effort to strengthen the relationship and the bond that exists between them. By asking the correct questions, it is relatively easy to determine whether or not a marketing program is on track. If marketing is carefully planned and effectively implemented, then a company can expect a variety of positive, business-building results. But measuring marketing with a sales yardstick is inappropriate. Creating customers is the marketing department's responsibility, while getting those customers to buy is the job of the sales force. |
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Welding & Gases Today Spring 2007 Volume 6, No. 2 Entire contents are Copyright © Data Key Communications, Inc. All rights reserved. Nothing may be reproduced in whole or part without written permission of the publisher.