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Says No To Brazilian Judge
A Brazilian federal court wants Google to hand over data about users of the Brazilian
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The search advertising company turned eight years old, and also dropped updates
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Edits Jumpcut Ownership
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Del.icio.us, the bookmarking service purchased by Yahoo, has registered over one
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Blogging From Space
I'd imagine that until you've blogged from space, you've lost all bragging rights.
Anousheh Ansari, who recently became the first female private space explorer,
takes a break from watching a few of the 32 sunsets...
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09.28.06
Small Business Marketing - The 80 20 Rule
 By
Craig Lutz-Priefert
Small Business Marketers often undervalue and misunderstand the third critical
element of marketing: People. Remember, Brand is who you are to the customer and
Package is how you present yourself to the customer.
But the third basic building block in any business is People. And that's all the
people, not just the prospects. All the people means:
• Customers
• Prospects
• Employees
Every small business marketing plan must focus on gaining new prospects. This is marketing 101--find fresh sources of revenue to support growth for the company. Unfortunately, most marketers focus 80% or more of their time searching out new business, pay lip-service to customer retention and cross-sells, and completely ignore employees as a marketing resource.
This practice of prospect-only focusing is just like injecting an anti-profit toxin into your company's bloodstream. Most companies live on recurring profits pumping in from existing customers. And who speaks with those customers, day-in and day-out? Your employees. So, why is it then that most small business marketing strategies barely include employees at all?
Well, for one thing, who has the time, right? Plus, employees are busy working on their daily tasks, so how in the world can you pull them into your marketing planning?
Actually, the key to success in developing customers, prospects, and employees is to focus on that small percentage of each group that contributes the most to the bottom line. All people may be created equal, but they sure don't perform that way in business.
If you can identify the Crucial Few customers that drive the majority of profits (not merely sales), then you can seek out similar prospects. You won't be searching for nearly as many prospects, but you can intensify your hunt by spending more time and money on the very best candidates to become best, Crucial Few, customers.
But what about employees? The answer here is similar: find the Achievers among
your small business and then use them as core partners as you develop and implement
strategy. These shouldn't all be managers or sales or customer service people.
Rather, they must be drawn from a cross-section of your company. Five is a good
number, but three to seven is a fine range for most small companies.
This team will become your marketing advisory board; since they will help your company profits grow, we like to call this group the Bloom Team.
When you think of People as one of the three critical marketing concepts, think green. Green is the color of growth. Things that don't grow typically die. Only customers are going to fuel that growth, and only employees are going to nurture those customers. Simple, really.
Remember: People (customers and employees) + Package (your Face to the Customer) + Brand (who you are) = Marketing Success.
© 2006 Marketing Hawks
About the Author:
Craig Lutz-Priefert is President of Marketing Hawks, a firm providing essential marketing vision for small business. Marketing Hawks also sponsors the ongoing small business adventures of entrepreneur Crystal Trino at JourneyToday.
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