Archive for April, 2009

What Are You Saying To Your ProspectsTo Boost Marketing ROI?

Wednesday, April 29th, 2009

What is the last thing you said in an ad … an email … a conversation with your prospects that actually got them excited about your business or service? If you can’t remember, it’s time to get to work.

Which of these do you think a prospect is more likely to respond to:

1. Our Services Can Save You Money.

2. Every New Customer Saves At Least 35% When They Use Our Service

Obvious, isn’t it?

Talk It Up

Think about it … If you’re spending money to generate business, the surest way to boost your marketing ROI is to make certain that what you say, and how you say it is compelling and offers the prospect every reason to make you their preferred  choice. It does not matter if you’re selling software, solutions to combat eye wrinkles, engineering services … the same applies.

I know it sounds simple, but simple is often overlooked.

Yesterday’s Business Provides Lessons To Boost Marketing ROI

Wednesday, April 8th, 2009

Have you ever wondered why so many small businesses were successful years ago? The answer is simple. They really knew their customers.

I’m reading a book about Latonia, Kentucky right now. It’s where I grew up.  A couple of chapters are devoted to stories and images of small businesses in the town and how they served their customers.

My grandparents owned and operated a jewelry store in Latonia that my great-grandfather started in the 20’s. old-storeAs I read the book I was reminded by the way my grandparents nurtured their customers. They would (mostly my grandmother) would send handwritten notes to those who made purchases thanking them for their patronage.  They also sent birthday and anniversary greetings. If they saw an engagement announcement in the paper they would cut it out, laminate and mail it to the bride’s family with a congratulatory note. Railroaders needed to have their watches regulated (I guess at some point trains ran on time) and they would mail reminders so that the engineers and yardmen would all be in sync.

Here’s the lesson from those stories that can help you boost your marketing ROI.

It’s critical to fully leverage the customer relationship to maximize lifetime value.  While my grandmother kept a card file of names and addresses, we can utilize data mining and automated delivery systems to stay in front of our customers.  And because my grandparents’ customer universe was small, they could get to know those who traded with them personally.  Today, we have sophisticated profiling tools today that help us know our customers and enable customizing communications based on those understandings.

Occasionally it’s good to look back to see where you can go.