Ten Tips to Recessions Blues

2010 August 24
by Paul Harvey
Paul Harvey

Paul Harvey

Good times breed bad habits, it is one of those saying that marketing guys throw around during tough economics. Truth is when sales are easy any advert will do, when the phone keeps ringing adverts do not get tested.

Here are some of my thoughts and below that are further comments from another marketing professional Sonja Mishek.

It has always been important to, make every advertising pound count and really focus the business on the marketing channels that works for you. In recession you must work out the return on investment for each channel. Look at testing and do not be persuaded to take out advertising in newspapers or magazine with out checking if the readership is a good fit for your business. Consider online techniques to test content before investing in printed material. Build a customer database and communicate with them

Above all it is important to keep spending and promoting the business, here are 10 tips from Sonja Mishek with her view on dealing with recession. It was written a year back but is still current.

All the best to you are you business.

 

Top 10 Small Business Tips During a Recession

Whether you believe we’re in a recession or not, the economy is on shaky ground right now. And if things continue to spiral downward, is your business ready to weather a recession?

Here are 10 tips on dealing with a recession for your business:

1) Cut costs cautiously. As soon as the economy starts slowing down, many business owners think they must cut costs. But this is a short-term solution. Only cut costs or decrease your prices if it won’t harm your business later. You can always lower your price - but you can’t always raise your price.

2) Think Sub- contractors - especially if health care costs are putting a strain on your budget. If you have employees, consider turning them into sub-contractors. There are very affordable, month-to-month video web conferencing services that allow you to still be in close daily contact.

3) Advertise, Advertise, & Advertise! During the last recession, McDonald’s almost tripled their advertising campaign at a time when their competitors, namely Burger King, were cutting back. So even though this may seem counter-intuitive, a recession may be the time to increase your marketing. Hard economic times weeds out your competition, leaving the field wide open for you.

4) Plan Long term: The Japanese are famous for planning out their strategy 15 to 20 years in advance. They follow the way of the turtle to win the race. And it works! Remember, marketing is a marathon, not a sprint. Keep marketing every month, month in and month out, not stopping and starting on a whim.

5)Choose your marketing techniques wisely. You should be keeping track of which marketing venues brings you the most business. Reduce or eliminate those marketing techniques that aren’t paying off for you, or fix them so that they do increase leads and sales. And consider a form of direct marketing where you can specifically test target markets without blowing your hard earned budget.

6) Revamp your marketing tools. For those marketing techniques that are working for you, this might be the time to revamp your marketing tools. Could your sales people use more training to close the deal? Online training cuts costs and time.

7) Automate wherever you can. Find ways to automate any tasks to reduce the workload on yourself and your staff. What have you been doing manually that a computer system can do for you? Take a look at all your daily tasks and see if there is a computer solution to these time-wasters.

8) Spend your time on what really matters. Have you ever heard of the 80/20 rule? It’s a proven fact that 80% of your business comes from 20% of your customers. So treat your best customers like royalty. Spend 80% of your time focusing on marketing and delivering your product or service.

9) Make do and mend. Because raw materials were in short supply during World War II, people were encouraged to “make do and mend” an item instead of simply replacing it. Consider your own expenditures: do you really need a new computer, or could you somehow upgrade your existing one for less money? Do you need a new telephone or can you get by with the old one for a while longer?

10) Reduce inventories. If you sell a product, and you believe your sales are going to decrease, this might be a good idea to reduce inventories and not restock to the same level. This is a risky strategy (what if the recession only lasts 6 months?), so be sure you know exactly how long it will take to replenish inventories once the economy picks back up.

Now is the time to have a plan for dealing with a recession. It doesn’t matter if we are in a recession now or not. These 10 tips will prepare your business for both good times and not so good times.

 

Article Source: http://EzineArticles.com/?expert=Sonja_Mishek

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Is it about Getting or Give and Receiving?

2010 June 21
by Paul Harvey

I have become aware recently that much of the sales processes and marketing material that hits us every day is more about getting. Most cases the get comes before the give.

It’s the “Getting” that seems to be the problem and it has put the world into this financial mess.

Let me explain a little, every day we talk about

Getting more customers

Getting more business

Getting  a better job

The bankers and big business of the world have put us in a strange position because they were out to GET more business at whatever the cost. They dress it up in the word service. In many cases the service was not given. How many poor customers’ service or bad follow up stories do you know.

At the end of my bank telephone transaction, I get the question.  “Is there anything else I can help you with today. ” This is code word for when is your house insurance due.  If you were to ask a serious question would you get an answer that was not based on your payment for an additional service. 

What many have lost sight of is that our customers are an opportunity for us, to give service, to help and make their life better. They are not golden geese to be pounced on and squeezed.

 I have had this on the phone or seen it in shops where the attitude of the transaction is grabby.

 1 A shop experience.

  ”No! its not our policy to give refunds only credit notes”.

This is stolen money, Ok you did not like the product tough, now buy something else.

2 In a café/shop just before the café opens.

 ”We are not open yet!   

“Can I just sit at the table for 5 minutes until you do?”

“No its only 5 minutes wait outside!!”

There may have been a good reason, like washing the floor. However, the delivery comes over as you can sit in my chair when you pay me for it. These are shocking examples of policy over service.

Looking at my get examples from the beginning of this post 

Getting more Customers or more Business

The question goes away if I give more to my existing customers in terms of service and value. They will tell others, in a way I will receive more customers; the world is balanced like this.

When looking to Get a better Job

You get a better job by give more in your present job, because once you are in that place of giving the old job might be better than you think. When in the place of giving, the way is open for opportunity and a new job will arrive.

It may not always look like it and the returns do not always come back in the form you envisaged. What is most important is that it feels better and the world is a better place for it.

I am not trying to get all-spiritual on you, but the notion that it is better to give than to receive is in every religious text. It is possibly there because it works.

In the spirit of giving this week, there are 5 free one-hour coaching slots available and I give it as my gift of service.

 All the best to you in your business.

 Paul Harvey

 Marketing Coach

PS what can you give to your customers this week.

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Despite Stuart MacLennan twitter is still good for business

2010 April 10
by Paul Harvey

The event of this week for Stuart MacLennan clearly demonstrated the power of social media and its ability to create impact in the world

A quick scan of the Twitter sphere or other open comment sites would pull up a range of similar derogatory comments. In Mr Maclennans case he clearly did not appreciate the power of the media that he was engaging with. Tweets have a unique web address and leave a permanent mark in cyberspace even if deleted that will still exist somewhere for up to a month after they are gone.

Saying that I have tried to find a few of his tweets and not come up with any only the quotes from the news papers.

 What does it all mean for the those of us not engaged in political ambition

This news event just goes to show the power of social media and how important is has become as a marketing tool with potential for business.

Many of my clients can see the benefits of Facebook, Blogs and possible Utube “for watching funny video.” But each of the platforms has a clear application. Twitter does elude them as the benefits seem obscure.

I have had a twitter account for 18 month and have a reasonable following I come and go as the notion takes me. Where twitter scores over other forms of communication is its ability to get to people that it would be impossible to approach from any other means. It is also a fantastic low cost research tool.

If you are on twitter, use the simple rules.

  1.  Be polite treat it as a cocktail party
  2.  Engage with people and their conversations
  3.  If you are there for fun that’s fine, if you are there for business then develop a strategy for its use.

If you want to see how it is done follow some the clever people that use it to power their business.

Twitter: twitter.com/markshaw

Twitter: twitter.com/CarlaYoung

Twitter: twitter.com/SalesDiva

What ever don’t do a Stuart MacLennan and underestimate Twitter power

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Inspired with humour from Geoff Burch

2010 March 12
by Paul Harvey

I love to be at networking events, even better when they are easy. Having a good speaker makes that happen, they inspire the audience, we all share a common experiece and it breaks down the barriers, people can speak to each other from a point of common interest.

The use of humour to pass on a message is a skill I aspire to and want to cultivate. I was at a meeting last night with Geoff Burch a business speaker and leadership guru. There were lots of business owner and Face book friends at the event, Jane Duncan Rogers, Claire Hayes, Jock Gibson, Tez Watson and many more. 

Paul Harvey Geoff Burch and Jane Duncan Rogers

Paul Harvey Geoff Burch and Jane Duncan Rogers

“Geoff Burch is hailed as the alternative business guru. With characteristic irreverence and humour, Geoff tears apart many business taboos. …”

 The event was the last formal meeting for the Moray Small Business Club. An enterprise-funded group meeting 6 times a year to network and share stories. Each month there would be a speaker on a subject relevant to the audience of start-ups and new business owners.

 Geoff has a strong stage presence, and conveyed with humour and story a great message for these modern times. The word “SALES” is now back in plain language.

 I have heard it said that “Good times breed bad habits.” Two years ago people would buy anything with out being asked. This was true no matter how it was promoted or if the service behind it was poor.

 Times are different and getting sales means asking for the business and delivering the service.

 Here is a video from the London Business Forum

 

 In Geoff’s presentation, he covered so much it would be impossible to put in a blog post that you would want to read.

 The point that stood out for me was the marketing and the bit before you start.

 “Marketing creates the opportunity for you to prove how brilliant you are at doing your business.”

 This is so important marketing is the fuel for the engine that is your business. If you cannot do it, then do not promote it.

 Putting this in plan terms if the machine for sprocket making tends to break down get it fixed before you advertise more sprockets for sale.

 I see this often and like to work with people to fix the problem before we market the business.

 How is you business engine running does it need any tuning, this gets us back to the point that word “SALES” in the pre crunch world if your business was not well tuned it did not really matter there was always another customer.

 Now that might not be quite so true. Any thoughts

 All the best with you day

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How do you manage in troubled times?

2010 February 27
by Paul Harvey

How do you manage in trouble times??

This was a teleconference with Jane Duncan Rogers on Thursday 25th February 2010

Jane Rogers Richthinkers

Jane Rogers Richthinkers

Jane has had a full career starting in HR management she took redundancy and moved to Greece. Became a personal student with Louise Hay and returned to England to run study groups.

She became a published author, Started a complementary health business with her Husband Philip Rogers, and sold it in 2003. 

They move to Scotland with the richthikers project in 2007 and coaches numerous people all over Europe on how to manage money and have a rich life which is about more than money.

This was my first conference call that I had organised and it such a pleasure to do this with Jane.

What was so interesting for me, and I know this, we all know this,  ”Success in anything is about controlling your thinking.”

 

On the call she gave us tips and suggestion on how cope when it is difficult and the urge to shout at everyone or make that snap decision is there.  She has strategies to deal with tough times and confirmed that this kind of mental work takes effort.

Why is it we value this process so little. In our conversation I referred to the athletes in the winter games. Those down hill racers are working the course in their head just before the leap out the gate down the hill.

From Yahoo Sports

Sweden’s Anja Paerson, a former downhill world champion, seemed headed for a silver medal behind Lindsey Vonnbut flew 60 meters through the air before landing badly and sliding head first over the finish line. Paerson bruised her left calf and was shaken up, but otherwise appeared OK, said Sweden team official Ulf Lars Emilsson.

I watched Anja Paerson do this flying leap, she must have been moving at 90km/h when she took off, after landing she slid down the hill on her face.  The following day she went down the same hill and won a Bronze Medal. What type of mental preparation did she go through to get up and do that again.

We think nothing of this in terms of sports but do you apply the same attention to your thoughts in your business?

The teleconference with Jane reinforced how important it is for all of us, in life or business to look after our thinking.

It is our thinking that controls the journey we are on and what kind of journey that will be. Here is the sting in the tail, this it is happening all of the time every moment of your life even if you are not continuously in control of it, your mind will give you what ever you think about.

If you did not make the call the replay is here, I hope you find it useful please post some comments below.  

Right click the link below to play or left click and save target as to download  

http://www.market-that.com/Audios/JaneDuncanRogers.mp3

 All the best with your thinking

Paul Harvey

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The blog is fixed

2010 February 25
by admin

This has been a busy few weeks as we move into the spring and just when I was getting into my blog plan I broke the blog. It just would not let me in the back end to move the furniture.

Thankfully with some time on side and few support question I was able to find the conflicting piece of script and remove it.

So we are back in business and I have some posts to catch up with, stay with me on this.

New post over the weekend

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Where is your Promotions Calender?

2010 January 20
by Paul Harvey

Forres Gazette Picture and link

  

The new year finally started once we had got over the shock of the snow and worked out how to drive on it. This weather for many has created a tough start with footfalls and turnover down for those companies that require customers to visit. It is a natural hibernation time and getting customers to respond to our messages can be tough. The traditional “sale” has lost much of its magic as consumers have grown suspicious of the standard sales message.

The trick here is to look to the future engauge them with events in the calender. Every business needs a promotion Calender or Diary if you have not looked at this then now is the time to start.

What are the main events of the year for your industry, look to tie a promotion to them, for my resturant clients in Scotland it will be burns night  followed by Valentines day then Mothers day Easter and so on 

Look to each event and see how you can structure and offer that fits in with the values of that event

Think about how you will structure it will it be exclusive or restricted.

Are there time limits or incentives

With a well planned Promotions Calender you can set about decideing channels to the market creating, materials booking, advertising and generally planning the year.

Once you have them tweeked, promotions will work year on year with minimal change to the formular.

If you want help with you promotions calender for 2010 drop me line or have a look at this

Marketing Boosters 2010

All the best to you success

Paul Harvey

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Is it Sales or Marketing

2009 November 30
by admin
Paul Harvey Marketing Coach

Paul Harvey Marketing Coach

I think I am in both although more relationship marketing than sales. What I find exiting about marketing is that it can be found in every part of the business, it is something that touches everything from the answering of the telephone to the deliver driver placing the parcel at the door.

 

Many of my clients have started their business because of a passion for a product or because they enjoyed making something or simply because they wanted to get out of employment and run their own train set.

 

They soon found out the reality of sales and its definition.

 

The definition of Sales: Find a great product that people might or might not want or need. Bang on any door, Speak to any one who will listen.

 

This can be hard work and needs a thick skin.

 

When sales is approached from the position of marketing there is a grace to the process, I like this definition as marketing is more like this.

 

Definition of marketing: Find people that have a need or a problem that they want to solve.  Find a product or solution to the problem and offer it to them.

 

The second is much easier than the first as when people want what you have it is the start of a journey you make together. It is building a relationship where the customer completes a sale with a true sense of satisfaction and gratitude towards you or your business.

 

There is an aspect of sale involved even when people want something they sometimes need to given all of the information for the coin to fall in your favour. 

It is not about heavy lifting, attrition or fighting objections, if it is then they are the wrong customer.

 

All the best in your marketing

Paul Harvey

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Bottle the Message

2009 October 21
by Paul Harvey

I have been neglecting my blog of late partly other work and clients. I am writing after reading a regional newspaper and seeing the same kind of ads everywhere.  It saddens me when I see a paper, events flyer or product brochure with a message that is so broad and uninspiring that it just misses the point.

Every business course book or presentation talks about getting a unique selling point and targeting the message.

Are you using a key message a unique selling point or sales proposition?

I have though a lot about this and have concluded that is to do with the fear of missing some thing a not having confidence in the process.

We want to spread the messages about our products and service but fear we will miss something. The reality is when we do not take the time to focus the offer on a tight target group, and then we are just throwing mud at the wall and hoping it will stick, in a sense missing everything.

Living in a rural area as I do, local business face a difficult challenge, with a low populace, it can be hard to find a target big enough to make a response cover the cost of the promotion.

Having said this targeting will produce a better response than a broad advert, this is because the message is relevant to the reader.

There is a bonus to targeted advertising, once the market becomes aware of your tight selling position you become the authority in that segment and the business builds. The response to the advertisement goes up and the cost of customer acquisition will fall. Therefore, in real terms the cost of targeted advertising is less that the cost of broad advertising.

That is the key find a tight message that is relevant to a small group and build from there. Easy you can have this done by lunchtime, give it a test bottle it.

If you think this might be a bit harder that that then let’s talk

 

All the best in you business

 

Paul  Harvey

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It’s All About Branding

2009 September 20

This past week has been project based, a new product launch and a Direct Marketing campaign, I love it when I get my hand dirty.

One thing that came up on both projects is the importance of having something to hang the promotion from to give it credibility. What is it that establishes this credibility for a business or person? As ever it will be the good services and value that the business provides. These values get hung onto a thing that can be the name of the business or the person. It becomes the brand an image that reminds the customers and prospects what you are about.

In my case it is me Paul Harvey and my trading name Market-that. 

Last week I met with a company where the quality of the product was out performing the brand, it just did not fit the name. I am supporting them in the re-branding project, its a great opportunity to refocus the business and develop new customers.

For anyone looking to understand the importance of branding here us a great post from BNET , I do like these quotes taken from that post

“Marketing is a tricky discipline. Science, art form, or both, it’s critical to your company’s success.

David Packard, of Hewlett-Packard, once said, “Marketing is too important to leave to the marketing department.” The more you understand and participate in your company’s marketing strategy, the better the odds of success.

I’d like to leave you with my favorite quote on branding by Bob Pittman, President of AOL back in the day: “Coca Cola does not win the taste test. Microsoft does not have the best operating system. Brands win.”

The full post is here

 http://blogs.bnet.com/ceo/?p=1416

 

All the best to your success

Paul Harvey

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