The Best stock market software Articles on WineThou Shalt Market: The Ten Commandments of Marketing
OK these Ten Commandments didnt come from the Mountain. And theyre not carved on clay tablets, but on a high-tensile polyfiber instead. Yet any marketer worth his or her salt must follow these commandments in order to find the Promised Land.
Thou Shalt Not See Marketing as a Department
When you get right down to it, everyone in your company is a marketer. From the receptionist whose voice is the first thing your buyers hear, to the delivery person whose rear-end may be the last thing they see, every one of your employees plays a pivotal role in the orchestration of your marketing efforts. Good companies imbue every employee with healthy reverence for the customer so that the company, from every point of contact it has with its market, knows how to market.
Thou Shalt Follow the Ninety Day Rule
Your customers, prospects and champions (those who refer business your way) should hear from you every 90 days. People are just too busy to remember you otherwise. If you dont follow the 90-day rule, you risk getting shouted down by any competitor of yours who does.
Honor the Concept of Tinkering with All your Heart
If youre a 70s child like me, you remember the hugely successful rock group Fleetwood Mac. But Ill bet you didnt know that their seemingly overnight success came only after years of tinkering. Thats right, before the release of their monster album Rumours, they endured no less than 14 personnel changes across 10 years. In marketing, as in rock and roll, success seldom happens with your original line-up.
Thou Shalt Not Quit
Moses and the Israelites wandered the desert for 40 years without giving up. You owe it to yourself (and maybe Moses too) to try any new marketing initiative at least three times before throwing in the towel. Your prospect could have been out of the country the first time you ran it, and tending to his sick mother the second. Repetition is a marketers best friend.
Thou Shalt Feed Thy Prospecting Funnel
Suspects become prospects, who then become customers. And these customers then generate referrals who create more prospects and the cycle begins anew. For thousands of years, this marketing process (also known as the prospecting funnel) has governed marketing activities for all companies, and I feel safe saying that it will continue this way for another thousand years.
Remember Thine Marketing Time by Keeping it Holy
Successful marketing campaigns dont take the summer off, nor are they created when I have the time. You must make the time. Ive found its helpful to consistently carve out the same day and time each week to work on marketing tasks. For me, its Friday afternoons; for you it may be different. But whatever day and time you choose, honor it with all your heart.
Thou Shalt Jettison One Program Every Year
I cant count the number of stressed out marketers Ive seen over the last 15 years. As task after task is added to their plates , nothing is ever removed. Stop this madness at once, and identify one marketing task each year to eliminate. Too often, someone keeps doing a task (e.g. issuing a report), yet its not adding value. Eliminate one marketing task a year; your health depends upon it.
Thou Shalt Not Cut Marketing Spending During Slow Times
From 1980 to 1985, McGraw-Hill Research analyzed 600 companies and their marketing spending. After 1985, McGraw-Hill concluded that those firms which had maintained or increased their advertising during the recession in 81-82 boasted an average sales growth of 275% over the next five years. But those companies who cut their advertising saw paltry sales growth over the next five years of just 19%.
When is the right time to market your business? All the time.
Thou Shalt Honor Exiting Employees
I once had a travel industry client run a report that showed where their new referrals came from. The second highest category was ex-employees. It turns out vacation shoppers were asking these ex-employees where they could book a Vegas package just like the neighbors theyd heard about, and the ex-employees were referring them back to their old employer. When you treat your departing employees with a dose of good will, they may just turn into your unpaid sales force and refer business your way.
Thou Shalt Thank Often
Sadly, we live in an age of boorishness. But a savvy marketer can do his part to bring civility into an otherwise uncivilized world. Among the countless ways to thank customers are thank you notes, gift certificates and appreciation lunches to name just a few. These thank yous dont have to be showy. Just make sure the thank you is classy and considerate, and the kindness will eventually be repaid.
Sure, we all break these commandments from time to time and end up seeking forgiveness. But if you consistently break these Ten Commandments of Marketing, you risk an exodus-a customer exodus.
OK these Ten Commandments didnt come from the Mountain. And theyre not carved on clay tablets, but on a high-tensile polyfiber instead. Yet any marketer worth his or her salt must follow these commandments in order to find the Promised Land.
Thou Shalt Not See Marketing as a Department
When you get right down to it, everyone in your company is a marketer. From the receptionist whose voice is the first thing your buyers hear, to the delivery person whose rear-end may be the last thing they see, every one of your employees plays a pivotal role in the orchestration of your marketing efforts. Good companies imbue every employee with healthy reverence for the customer so that the company, from every point of contact it has with its market, knows how to market.
Thou Shalt Follow the Ninety Day Rule
Your customers, prospects and champions (those who refer business your way) should hear from you every 90 days. People are just too busy to remember you otherwise. If you dont follow the 90-day rule, you risk getting shouted down by any competitor of yours who does.
Honor the Concept of Tinkering with All your Heart
If youre a 70s child like me, you remember the hugely successful rock group Fleetwood Mac. But Ill bet you didnt know that their seemingly overnight success came only after years of tinkering. Thats right, before the release of their monster album Rumours, they endured no less than 14 personnel changes across 10 years. In marketing, as in rock and roll, success seldom happens with your original line-up.
Thou Shalt Not Quit
Moses and the Israelites wandered the desert for 40 years without giving up. You owe it to yourself (and maybe Moses too) to try any new marketing initiative at least three times before throwing in the towel. Your prospect could have been out of the country the first time you ran it, and tending to his sick mother the second. Repetition is a marketers best friend.
Thou Shalt Feed Thy Prospecting Funnel
Suspects become prospects, who then become customers. And these customers then generate referrals who create more prospects and the cycle begins anew. For thousands of years, this marketing process (also known as the prospecting funnel) has governed marketing activities for all companies, and I feel safe saying that it will continue this way for another thousand years.
Remember Thine Marketing Time by Keeping it Holy
Successful marketing campaigns dont take the summer off, nor are they created when I have the time. You must make the time. Ive found its helpful to consistently carve out the same day and time each week to work on marketing tasks. For me, its Friday afternoons; for you it may be different. But whatever day and time you choose, honor it with all your heart.
Thou Shalt Jettison One Program Every Year
I cant count the number of stressed out marketers Ive seen over the last 15 years. As task after task is added to their plates , nothing is ever removed. Stop this madness at once, and identify one marketing task each year to eliminate. Too often, someone keeps doing a task (e.g. issuing a report), yet its not adding value. Eliminate one marketing task a year; your health depends upon it.
Thou Shalt Not Cut Marketing Spending During Slow Times
From 1980 to 1985, McGraw-Hill Research analyzed 600 companies and their marketing spending. After 1985, McGraw-Hill concluded that those firms which had maintained or increased their advertising during the recession in 81-82 boasted an average sales growth of 275% over the next five years. But those companies who cut their advertising saw paltry sales growth over the next five years of just 19%.
When is the right time to market your business? All the time.
Thou Shalt Honor Exiting Employees
I once had a travel industry client run a report that showed where their new referrals came from. The second highest category was ex-employees. It turns out vacation shoppers were asking these ex-employees where they could book a Vegas package just like the neighbors theyd heard about, and the ex-employees were referring them back to their old employer. When you treat your departing employees with a dose of good will, they may just turn into your unpaid sales force and refer business your way.
Thou Shalt Thank Often
Sadly, we live in an age of boorishness. But a savvy marketer can do his part to bring civility into an otherwise uncivilized world. Among the countless ways to thank customers are thank you notes, gift certificates and appreciation lunches to name just a few. These thank yous dont have to be showy. Just make sure the thank you is classy and considerate, and the kindness will eventually be repaid.
Sure, we all break these commandments from time to time and end up seeking forgiveness. But if you consistently break these Ten Commandments of Marketing, you risk an exodus-a customer exodus.
ABOUT THE AUTHOR
About the author
Jay Lipe, CEO of EmergeMarketing.com and the author of The Marketing Toolkit for Growing Businesses (Chammerson Press), is a small business marketing expert who helps companies grow faster. He can be reached at lipe@emergemarketing.com or (612) 824-4833.
Featured stock market software ItemsNew Jersey Devils Stanley Cup 2002-2003 Champions (NHL)
New Jersey Devils Stanley Cup 2002-2003 Champions (NHL)
Own the most watched NHL event of the year. Complete with highlights from the regular season, playoffs and the final series. Watch as your team fights for, and eventually hoists the Cup! The 2003 release will contain full coverage of the Champ's winning season, including exclusive interviews, key insights and behind the scenes action. Reference ID:TC01-DVD-0965
Customer Review: Nice way to remember
Being a pretty big Devils fan, I was going to buy this even if the DVD was actually made from bubble gum, but the added bonus was the fact that the footage was pretty good. Basically Whoopie Goldberg takes you on a nice tour of the entire trip to the Stanley Cup Championships, starting with their loss in 2002 and ending with the game 7 win in 2003. The DVD doesn't really have a whole ton of extra features, but it does have enough to keep any die-hard fan happy enough until next time the boys raise the cup in glory.
Customer Review: Great all-round coverage
For someone who's living in a tropical climate a zillion miles (or so it seems) from anywhere an NHL game is played, this is an amazing DVD. I bought this for my sister's birthday, and it does not disappoint. ESPN Asia decided to ditch NHL for EPL (football/soccer) matches and we've been deprived of hockey for about 2 years, so we missed the 2002 - 2003 season completely.
I've not fully explored the whole DVD but have watched about 70% of it. There's quite a lot of content in it. If you're a Devil's fan, you must get this. I'm not but loved it all the same. Some highlights were the full 3rd period of Devils vs. Senators, walking around with Brodeur after the final game (that was funny and cute) and the interview with the players (interspersed with highlights of each match, in the run up to the finals). Out of the other 2 DVDs I ordered at the same time (NHL All-Access, NHL: Lord Stanley's Cup) this was the most enjoyable to watch, and had the most content.
Although I would definitely prefer watching each individual game live, I'll have to settle for this. I'll be getting the 2003 - 2004 season, whenever it comes out.
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