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7 COMMON MARKETING MISTAKES
THAT WILL HURT YOUR BUSINESS
J.G. Wolfe
July 25, 2016
COMMON MISTAKE #1:
THINKING MARKETING IS ONLY ADVERTISING
MARKETING IS ALL ENCOMPASSING
Anything a customer sees or hears representing
your company is marketing
Packaging, email, on-hold messaging, etc. can all
incorporate marketing messages
Social media is a free marketing channel – utilize it!
MISTAKE #2:
TRYING TO DO IT ALL YOURSELF
DIY ISN’T ALWAYS IYBI
When it matters, use a professional
• Logo, website, advertising
You only get one chance to make a first impression
Professionals can often help get better rates when
buying media, printing, etc. on your behalf
MISTAKE #3:
NOT HAVING A MARKETING PLAN
PLANNING IS CRITICAL
Before effectively marketing, you need to capture:
• A realistic situation assessment of your business
• Specific marketing objectives that align with business goals
• Target audiences and how to reach them
• Unique differentiators
• Strategies and tactics for
meeting objectives
PLANNING IS CRITICAL
Keep in mind…marketing planning takes time
Plan must be flexible and able to adapt to changing
conditions
MISTAKE #4:
IGNORING TRADEMARKS
BRAND IP IS SERIOUS BUSINESS
Assess names/marks before jumping in
Secure your brand via a trademark
Avoid a testy situation down the road, especially
with a larger competitor
Work with an attorney with trademark experience
MISTAKE #5:
NOT SELECTING THE RIGHT CHANNELS
BE SELECTIVE
Consider the medium carefully
• Car Wrap…will be seen by the right people?
• Groupon…are you giving up profits unnecessarily?
• Social Media Advertising…do you have an effective
online presence?
• Aggressive Telemarketing…will it just turn people off?
• Billboard…can your business or offer be explained in 8
words or less?
• Newspaper…is your target audience over 45?
BE SELECTIVE
There is no silver bullet
A mix of channels is always best
MISTAKE #6:
OVERLOOKING A CALL TO ACTION
CLOSE WITH ACTION STEP
You can’t expect an outcome when you don’t
make an ask
Must be clear, concise & easy
Create a sense of urgency when appropriate
 “Call Now,” “Today Only,” “Only 6 Left”
CTAs can provide a way to track effectiveness
MISTAKE #7:
DELIVERING ONLY PROMOTIONAL MESSAGING
INCLUDE CONTENT OF VALUE
Use content to pull in customers as well
Attract consumers and business professionals
with information of value
Shareable; peer influence factor
Mix in your message in a subtle way – not
promotionally
J.G. Wolfe
jg@reubenrink.com
reubenrink.com
Thank You!

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7 Common Marketing Mistakes That Will Hurt Your Business

  • 1. 7 COMMON MARKETING MISTAKES THAT WILL HURT YOUR BUSINESS J.G. Wolfe July 25, 2016
  • 2. COMMON MISTAKE #1: THINKING MARKETING IS ONLY ADVERTISING
  • 3. MARKETING IS ALL ENCOMPASSING Anything a customer sees or hears representing your company is marketing Packaging, email, on-hold messaging, etc. can all incorporate marketing messages Social media is a free marketing channel – utilize it!
  • 4. MISTAKE #2: TRYING TO DO IT ALL YOURSELF
  • 5. DIY ISN’T ALWAYS IYBI When it matters, use a professional • Logo, website, advertising You only get one chance to make a first impression Professionals can often help get better rates when buying media, printing, etc. on your behalf
  • 6. MISTAKE #3: NOT HAVING A MARKETING PLAN
  • 7. PLANNING IS CRITICAL Before effectively marketing, you need to capture: • A realistic situation assessment of your business • Specific marketing objectives that align with business goals • Target audiences and how to reach them • Unique differentiators • Strategies and tactics for meeting objectives
  • 8. PLANNING IS CRITICAL Keep in mind…marketing planning takes time Plan must be flexible and able to adapt to changing conditions
  • 10. BRAND IP IS SERIOUS BUSINESS Assess names/marks before jumping in Secure your brand via a trademark Avoid a testy situation down the road, especially with a larger competitor Work with an attorney with trademark experience
  • 11. MISTAKE #5: NOT SELECTING THE RIGHT CHANNELS
  • 12. BE SELECTIVE Consider the medium carefully • Car Wrap…will be seen by the right people? • Groupon…are you giving up profits unnecessarily? • Social Media Advertising…do you have an effective online presence? • Aggressive Telemarketing…will it just turn people off? • Billboard…can your business or offer be explained in 8 words or less? • Newspaper…is your target audience over 45?
  • 13. BE SELECTIVE There is no silver bullet A mix of channels is always best
  • 14. MISTAKE #6: OVERLOOKING A CALL TO ACTION
  • 15. CLOSE WITH ACTION STEP You can’t expect an outcome when you don’t make an ask Must be clear, concise & easy Create a sense of urgency when appropriate  “Call Now,” “Today Only,” “Only 6 Left” CTAs can provide a way to track effectiveness
  • 16. MISTAKE #7: DELIVERING ONLY PROMOTIONAL MESSAGING
  • 17. INCLUDE CONTENT OF VALUE Use content to pull in customers as well Attract consumers and business professionals with information of value Shareable; peer influence factor Mix in your message in a subtle way – not promotionally

Editor's Notes

  1. TEMPTING IN A SMALL BUSINESS TO TAKE ON THINGS, SELF-EDUCATE, ETC. – AS WITH FUNCTIONS LIKE LEGAL & FINANCIAL, RELY ON A PROFESSIONAL IF YOU WANT TO REPRESENT YOUR BUSINESS IN THE RIGHT WAY. IMPRESSIONS ARE EVERYTHING, ESPECIALLY WHEN IT COMES TO YOUR BRAND IDENTITY AND YOUR WEB PRESENCE WHEN YOU DON’T HAVE THE OPPORTUNITY TO PRESENT YOURSELF IN PERSON
  2. Correctly chosen channel must be based on audience definition, desired messaging & budget
  3. Correctly chosen channel must be based on audience definition, desired messaging & budget