MARKETING - 7 Key Marketing Principles

7 Key Marketing Principles

Here are 7 Key Principles to Answer Questions like “How Do I Get More Customers?” and “What Can I Do to Grow My Business?”

1) Strategy before tactics - Create a marketing strategy first, and THEN build your marketing activities around this core strategy. Your marketing strategy must begin with a narrow definition of your perfect client and then communicating your key points of difference from your competitors. Stop trying to be all things to everyone. Concentrate your efforts on a small, niche market and with a focus on becoming the dominant player.  

2) Narrow market focus – Stop trying to be all things to everyone. Focus your marketing strategy and tactics on a small, niche market and become the dominant player.

3) Differentiate - Find and communicate a hook that allows your prospects to easily see how your firm is different from everyone else in the industry.  

4) Marketing materials should educate - No one likes to be sold to. Create information products, websites and other forms of communications that allow your prospects to fully appreciate your expertise.

5) Orchestrate the lead generation trio - A comprehensive business marketing strategy will have a fully functioning lead generation system in place. A large portion of your leads can originate as referrals, but by adding advertising and public relations to your system, you amplify your efforts in each. When a prospect comes into contact with your advertising message, reads about your new product in a trade journal, and then gets invited to your educational workshop by their accountant, they’ve practically sold themselves.

6) Create a total online presence - Since the majority of purchase decisions made today involve some amount of research online, it’s simply not enough to have just a website. Today’s business must be easily found online, easily engaged, and easy to communicate with. This requires a major focus on search engine optimization and social media participation.  

7) Live by a business marketing calendar - The best way to move your marketing strategy forward is to create a calendar and schedule marketing activities every single day, week, and month.

Source: http://strategypeak.com