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You are here: Home / Archives for target market segment

target market segment

The 4 M’s of Social Media

By writeminded on March 1, 2012

Success in Social Media is having a well-defined tactical plan of attack but rarely can you succeed based on this alone. Strategy is the tip of the sword and without it your tactics will probably fail. With that being said there are four important areas you should focus on when implementing any social media tactical campaign.

First – What is your Message? What is the purpose of the message? What is the reader supposed to do once they see your message? Is it simple and easy to understand? Does it take a long time to figure out what to do once the reader decides they want to act on it? Does it further your current marketing or sales cycle? What part of the overall cycle does this message address and satisfy? It needs to be clear and concise and to the point. It needs to cause an emotional response that gets the reader to perform an action. What is the response you are looking for from the message?

Second – What are the mediums you intend to use to convey the message? Social Media Geography is growing larger every day with new places and spaces to claim your real estate. My advice is to be careful here. Choose wisely. Realistically you can’t dedicate too many resources when starting out. You can always expand to other sites and places once the Monetize (# 4) portion is in place and giving you the expected return. Stick with the basics and those that may be specific to the types of customers you serve. The idea is to use the same message and spread it out across multiple mediums for maximum exposure and hopefully inbound capture and conversion. People will buy when they are ready to buy and having them know, like and trust you is how they try, buy, repeat and refer you. This is the goal of marketing and the hourglass philosophy of John Jantsch and Duct Tape Marketing.

Third – The importance of measurement. Measure everything. Social media is another tactic and should be measured and analyzed constantly. Use tools and analytics available from your vendors and providers or services like web trends, Google analytics. Etc. (some are pay others are free). Split your message and test it and don’t forget that just because its social media you shouldn’t ignore traditional marketing methods that have been successful since marketing became a discipline.

Fourth – Monetize. What is your definition of how it monetizes? For some it may be the sale for others it may be a goal like contributions or a certain level of social awareness. At the end of the day how does the message eventually convert to a sale? If not does it increase transaction velocity (quicker sales close cycle) or improve your social following and reputation? The definition of the sale has also changed with social media. It can now be defined as any transaction that creates a ripple economic effect for the institution involved in the message.

Some great tips and ideas to think about as you roll out your marketing plans for 2012

By writeminded on February 22, 2012

Do you ever ask your customers how they would best like to be contacted by you? How frequently? Have you ever asked what types of information can you provide to them that gives value to your relationship? Offer them an incentive to respond to a survey for a free prize and you may show your customers you respect the value of their tie and promise not to bother them with information that is not relevant. The customer now dictates the relationship and when they are ready to buy. If you provide too much information and marketing at too high of a frequency they will shut down. If you don’t give them enough they will not “know” you which will never lead to like and trust and eventually try and buy which is what marketing is all about.

Do you send text messages to your customers? People value the email but the text message can be very powerful as well, appear personalized and will usually evoke a response. Ask them a question and see if they respond, they will. Ask them to tell you their greatest concern when using your product or service or how can you improve your product or service – you may be surprised but you will get responses and valuable feedback that should help you refocus your marketing initiatives and messages. Offer them a 10% discount when they do respond or a thank you for responding. Younger generations are using the phone and use email less and less. They are a mobile culture and work better within a mobile framework.

How many times do you Google your competition? Do you look to see where they are weak? Is there any internet geography they are missing from (no YouTube Videos but heavy presence in Facebook) where you can fill the void and create content that fills that void?

Do you attend many network events? How is that working for you? Have you ever thought of creating an event that centers on you and the types of people you want to do business with? It’s a great idea. You are the host. Everyone talks to the host. Give and you shall receive. Being known as a “Connector” is a sure sign of networking success and part of the Duct Tape Marketing System of people getting to know, like and trust you. If you have it in your place of business people get to know you and your operation. Donate the proceeds to charity and also gain the reputation of Philanthropy.

Do you give referrals? Everyone talks about it but it really is the least used tactic to gain warm referrals and easier to convert business. Why is it so hard to reward employees who can actively seek these? They become an extension of your sales force. Create contests – the winner of the most referrals gets a trip to Hawaii. It may be the best money you ever spent and cost a lot less than commissions would. Contest get everyone involved and it becomes fun yet at the same time look at how it’s helping the pipeline!

When was the last time you asked a satisfied customer for a testimonial? If you did where is it now – hanging on your wall? It serves a much better purpose if it’s emailed to your clients and prospects – look what people are saying about us! or even posted on your website. Video testimony is powerful and generates more unique content for your company. Content is king – the more you have the more the search engines like it and move you higher in the organic rankings.

Finally your marketing message – is it focused? Is it clear? Does it communicate your strategy? What makes you different from your competitors? Does your ideal client see it and does it resonate with them? The fact is simple is still best. One message across multiple mediums is how the social media space is leveraged and should be used as any good set of tools should be.

Group Catalyst Program – 1: Leverage Your Existing Marketing Assets

By marketsimplicity on May 11, 2011

Have you been floundering with the right way to approach your marketing plan? Not sure how to pinpoint the Who, What, Where, When and Why of your next business marketing campaign? Waste not, want not, I always say. The first step in our powerful 12-part Group Catalyst Program will help you to identify your existing marketing assets, and help you facilitate a plan of action to make use of what you already have in your marketing arsenal.

Customer Relationship Management Database

Do you have a compilation of your existing client and prospects recorded in a CRM database? If you do, you have one of the most powerful tools for your small business marketing plan. With records like names, emails, phone numbers, addresses, buying history and personal notes from your sales team, you already have the answers to the WHO and WHY of your small business marketing plan.

Your Product/Services Line and Current Deals

Your products and services are assets that you market to your clients and prospects with each email, call or proposal. Take a look at your target market segment and follow their buying history to a product line that you can promote with your next marketing push.

It’s all about Timing

Like any marketing plan, the Duct Tape Marketing Catalyst Program will note that timing is as vital as the promotion itself to ensure success. Therefore, you can use your CRM database YET AGAIN to check out any potential trends you may see based on the buying history within your selected target market to install a timetable to your small business marketing plan.

Want to learn more about the Duct Tape Marketing Catalyst Program? Reach out today for the info you need to drive your marketing plan from inconsistency to bankable results!


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