Four Marketing Myths That Steal Sales
How
many times has bad advice gotten you into trouble? Yeah,
everybody's saying and doing it, so you jump on the
band wagon... and guess what... you get the same results
as they get. Maybe it's a comfort to know that you're
not the only one who played the part of the fool, but
when it comes to marketing...you may not have enough
leeway to count the loss and go on.
Yeah,
there sure are a LOT of ideas out there about what will
and what won't skyrocket sales numbers and profit margins!
And to be truthful, a lot of those ideas are just a
bunch of bunk. Yep, you've got to be on your toes and
know the truth about marketing tales. Here are a few
of the lines of misinformation that you've probably
heard before...
You've
Got To Have The Cheapest Prices
In Town To Be Competitive
Let
me ask you this...Do you always buy the cheapest product
on the shelf, or always shop at the store that has the
lowest prices? No, I don't either. What you and I know
that these people don't is, that value counts for a
lot. Oh yeah, sure... there are a few people out there
who only buy the cheapest things in town, but most of
us understand that the cheapest isn't always the best
buy for our buck.
How
does this apply to you? Here's something you can try...make
it a little test to see just how true this myth is.
Find a low-cost way to enhance the perceived value of
your product or service, then raise the cost a little.
See what happens! Don't be surprised if your sales and
profits shoot up!
Advertisements
Need To Be Changed
To Keep The Public From Becoming Bored
This
one reminds me of one of my cousins. He's famous for
breaking things that are fixed. Yeah, he'll go out and
buy a perfectly good running car, but every time you
see him, he's under the hood tinkering with something.
Before long...you guessed it...the car won't run and
has to go to the garage for repairs.
It
makes no sense to run a business like Cousin Jim and
his cars. Hey, if it's working why try to fix it? Think
about it...what's the goal for advertising? Yeah, to
attract new customers. Once the new customer comes through
the door, the advertisement has effectively done its
job. Does that customer need to be affected by the same
ad? No, so let the ad do its job for the rest of the
people out there who haven't seen it yet.
Now,
I'm not saying that you should never change your advertisement...
just never abandon a winner midstream. A good rule of
thumb is to spend 80 percent of your advertising money
on proven methods, and to risk 20 percent on experimental
advertisements. Keep the tried and proven working for
you, while you test the waters for new ideas that might
work even better.
The
More Choices A Customer Has
The More Likely He Is To Buy
Yeah,
yeah...they say variety is the spice of life and all
that, but too many choices can lead to procrastination.
We all know what happens when we procrastinate. Yep,
we never get back to it!
Do
you know what happens when a customer can't decide?...
you lose a sale that you already had in your pocket.
Yep he came in to get it, saw more options, stopped
to make up his mind, then walked out still thinking
about it...maybe to never return.
A
tip for the wise marketer - limit your customer's decisions
to either yes or no. Let them decide either yes I'll
buy or no, I won't buy. Don't risk confusing them and
losing the sale.
Everybody
Needs My Product or Service
So I Don't Need To Advertise
Hey,
building a business is a lot of hard work! There aren't
many free rides along the way. Chances are, your potential
customers need to be convinced that they NEED to choose
your service/product. Yep, finding the customer, convincing
him to use your service/product, then closing the deal
is a process that can't be easily bypassed. Don't be
fooled into thinking you're any different! It could
be hazardous to your profits.
A
friend of mine owned the only dog grooming shop in her
town. Hey, no competition means you don't need to advertise...right?
After an initial anouncement of her grand opening, this
lady did no advertising. Business slowly trickled in
and barely covered the overhead. Finally in a desperate
attempt to get business off the ground she began putting
flyers in all of the local veterinarian clinics and
ads in the local newspaper. Bingo! Business began pouring
in... and most of the people said, "I didn't even
know you were here!" or "Fifi's been needing
groomed for quite some time. When I saw your ad, I decided
to go ahead and get it done."
Let's
face it, people are often....well, lazy. They don't
always go out of their way to find the phone number
to contact you, even when in the back of their mind
they know they need to do something. Yeah, advertisements
are often the little prod they need to get motivated.
Don't shortchange yourself by neglecting to advertise.
How
about you? Have you ever driven by a business for a
long time without even noticing it? Yep, we all get
too busy to pay attention sometimes.
Hey,
you've learned a few of the misguided marketing myths
that many people are fooled by...now you can apply the
REAL marketing concepts to your own advertising campaign
and watch the results!
Who
is Allyn Cutts, and why should you care?
Allyn has spent over 24 years helping businesses like
yours find new customers and increase sales to current
customers. Allyn is a marketing and sales fanatic, providing
measurable marketing solutions that drive huge results
for small-to mid-size business clients. Allyn works
personally with clients to design and deliver off-line
and on-line direct marketing strategies that focus on
metrics and measurable results. You can learn more about
Allyn Cutts at www.AllynCutts.com
and you can call 610.437.4106 between 10 AM and 4 PM
Eastern Time Tuesdays and Thursdays.
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