The
3 Things Businesses Must Do
During A Recession!
(Continued
from previous page)
Therefore,
while the mailings were beginning to take effect, we started retail
marketing to local residents. First we had to survey customers and
local residents. We found out what they needed and wanted in the
way of art and what we would have to do to make them our customers.
Then we did a "positioning" survey to work out how to
position our retail activities in the mind of the public so that
we would be well accepted and instantly popular. We found that what
they wanted was an "Art Warehouse." This was very fortunate,
since being a major art wholesaler they already had a huge warehouse.
So we added all we discovered into the existing promotion they were
doing, which really boosted the results.
Now
we are working on a TV commercial to let people know that we are
"The Art Warehouse" and give them an incentive based on
what has proven well in other promotions to come in and buy now.
Many of this company's competitors are going out of business at
a time when this company is suddenly doing great."
Keith
Legg: "The first and foremost thing that must be
done in a changing market is to know before you go. In other words
you must survey. Whom do you survey? Those people who will buy your
products and or services, in other words, your publics.
Unfortunately
surveying is not just 'knowing your customers' or even asking people
questions and getting answers. It is asking specifically designed
questions and listening and noting down the responses. Then tabulating
the responses, and from the tabulation results creating promotional
pieces that will grab that particular public's attention and get
them to pick up the phone, walk in the store, etc. ordering your
product or services.
If
you try it and still don't get a good response, then it's usually
the surveys or the promotional pieces themselves that were not done
correctly.
Unfortunately,
how to survey is little understood. You surely don't want to feed
people the answers when surveying. Surveying
is a very exact technology. You ask, listen, tabulate
and then from there you need someone sharp to put it all together
in a piece that works and gets sales.
So,
during tough times should one cutback on his marketing dollars and
activity? This all depends how you want to survive. If you are smart
you will pour on the coals to the marketing area when things get
tough. This is the smart thing to do--even when it is very tight
financially.
Initially
you reinstate formerly successful campaigns to keep business going
and the doors open but then you must finally survey your publics
or otherwise spend a whole lot more on marketing activities than
you would otherwise.
There
is a technology of surveying and it can be learned quite straight
forwardly with study and practice. Unfortunately it is too involved
to be taught in a single writing. There are books and inexpensive,
quick courses available to learn how to do marketing surveys (contact
us for specifics).
Any
promotion is better than no promotion but surveyed promotion wins
big, time and time again.
You
need to market your business during these tough times more than
ever. Don't cut back on your marketing activities. Strengthen them
with surveys. You will also find if you do surveys that your promotional
pieces will work better and you have to spend less to get more and
that is the best of all.
So
market your business out of a recession or a tough time to a point
of many happy successes.
David
Sanders
and Keith Legg are National Business Consultants
with offices in the Glendale, CA area.
Click
here for more on our services
and how we can help you implement successful business expansion
strategies - regardless of the economy.
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