Dear WW: I’ve been in sales my entire career. Recently I got the opportunity to move into marketing. I’ve complained about our stupid ads for years, but now I’m struggling with how to increase their impact. GOING TO MARKET
Dear MARKET,
Ikea recently tested an innovative approach for finding great employees. They put hand-written job announcements on bathroom walls at upscale restaurants in Malmo, Sweden. According to the company, the bathroom ads generated four times the response they get from classifieds.
Ikea learned the secret of an effective marketing campaign: experimentation. I’m sure the person who proposed the idea of writing ads on bathroom walls was initially told to dump it, but the results speak for themselves. Since you never know what might catch the attention of your customers, a certain amount of experimentation is required. Hopefully, the ideas below will encourage you to experiment more often. For more, check out Jay Abraham’s book, “Getting Everything You Can Out of All You’ve Got” (Truman Talley, 2000).
Do you feel wedded to the status quo? There’s an old saying in business, “everything changes except Barbie.” But even that’s not true: every parent of a girl knows that Barbie is being endlessly reinvented (NEW! WebMaster Barbie! Only $29.99!) Adopt the attitude that no matter how well something is working today, it won’t work forever. Be on the lookout for how to adapt what you’re doing to changing times.
Do you know what’s working and what isn’t? The key to successful experimentation is a system that keeps track of the success rates of your various experiments. Each time you develop a new product, ad, marketing campaign, or marketing device, build in ways to track its response. Asking people to respond to different phone numbers, email addresses or web pages, or using coded coupons are some of the ways you can do that.
Do you test EVERYTHING? Nothing should be exempt from experimentation-and that includes even your most basic customer contacts. Take a look at your customer email program, your phone calls and customer snail mail. Experiment with changes in on-hold music, the outside of envelopes and messages at the bottom of your emails. Redesign your stationery and your boilerplate language. Track the responses and see what has the greatest impact on sales.
Do you watch companies outside of your industry? Sometimes we can fall prey to only paying attention to what’s going on in our industry. Make it a point to steal ideas from others.
Do you test different prices? For many businesses, price is the single biggest marketing tool. So experiment! Test different prices with different promotions. Be careful: don’t give new buyers a better deal than you give your best customers. Explore how various price points affect sales. But be careful to not just lower your prices, see if you can enhance your offerings and raise them.
Ikea’s experience gives a whole new meaning to the concept of a Dear John letter. Follow these tips and the results should keep your revenues flush.
Working Wounded poll:
Based on the marketing that your company is currently doing, would you buy your company’s product?
- I’d consider buying it, 23.9%
- I don’t buy it, 35.2%
- I’d buy it, 40.8%
Working Wounded strategy:
Our winning strategy for developing a marketing campaign comes from Terry B. in London, England. “I’m a big believer that too many marketers spend way too much time sitting in their offices and not enough time with their customers. Not in focus groups, I think it’s more valuable to watch customers in real settings. I’ve learned far more watching them in stores and talking with front line employees than I’ve ever learned from a focus group. Spend enough time with them and your customers will tell you what they need.”
Bob Rosner is a best-selling author, speaker and internationally syndicated columnist. Sherrie Campbell is a relationship and business professional, having applied her counseling background in a variety of challenging organizational settings. They’d love to hear your thoughts on this topic, especially if you have better ideas than they do. Also check out their complete column archive at workmash.org, “The Boss’s Survival Guide” and “Gray Matters: The workplace survival guide.” Send your questions or comments to bob@workmash.org.
Filed under: Sales, Marketing & Customer Service, Strategy & Competition | Tagged: Advertising, Effective marketing, Marketing | 2 Comments »