| Sandra O’Malley
at Bridgend and Cardiff accountancy firm Graham Paul, who provides
training and business development programmes to all sizes of business,
looks at marketing strategies and the need to “sell”.
Marketing, generally, is one of the
most misunderstood business fundamentals. For small to medium size
companies the function of practice marketing can mean many different
things to many people, from the production of a new corporate brochure
through to the embracement of the concept of a marketing driven
business able to maximise every value added sales opportunity. Sadly,
it is the former that is the most common interpretation of marketing.
The primary types of marketing activities
include expensive things such as advertising, direct mail and telemarketing.
For some businesses these often fail because they cost a lot and
don’t show immediate returns, prompting directors to give
up on them. Then there are low cost activities like public relations,
press relations and partnering with introducers of work. Most businesses
are not successful here either, though they are more comfortable
with them, because they are so time intensive. Business owners tend
to conduct the activities once or twice and then give up when the
initial activity doesn’t give immediate results.
The secret to marketing says Sandra,
is to train every director and manager in the company to understand
what marketing will do for them and then engage patiently in a consistent
variety of both types of activity, making sure that the activities
present a professional image of the company and its capabilities.
Graham Paul Financial Services, who
provides training, including marketing and management development
programmes, to many businesses recently undertook a survey with
companies across the area to gain a better understanding of the
importance business owners placed on marketing. Interestingly, the
survey not only demonstrated the different approaches being taken
by firms but also showed a definite divide in opinions as to what
works.
Advertising as a tool for marketing
was given a definite thumbs down by most interviewed, with seminars,
referrals and networking meetings taking the lead as those giving
the best return on investment of time and money. Strangely though,
over 85% of companies still included some form of advertising in
their marketing programmes.
Most business owners interviewed agreed
that there was a definite need to offer specialist services to niche
markets in order to gain a competitive edge. Overall, most companies
agreed that they needed to focus more on marketing and saw training
and outside experts as a way forward in helping them to achieve
this.
This final comment about using outside
experts as a way forward in developing marketing as a core function,
is an interesting one. There are many organisations in the UK, which
promote marketing services and tools to business owners. Services
range from ad-hoc training courses about marketing and practice
development through to organisations that provide a fully outsourced
marketing department able to help firms undertake all elements of
the marketing mix without the need for directors and managers to
get involved in the time consuming nitty gritty. Most suppliers
offering marketing support have something valuable to offer but
the key to supporting successful marketing really lies with those
in the business. Marketing can provide the source of “sales
leads” but it is really down to the directors and managers
within the business, to conduct the networking and convert the interest.
Training in this skill set makes a
big difference. If we look at the training provided as part of any
trade qualification, it is usually technical. No degree process
teaches us how to work a room well to gain the best possible networking
opportunities, what opening lines to use to become part of an open
group in a room full of strangers or how to sit with a client and
ask open questions to spot up sell or cross sell opportunities.
These are the “special problems” that have to be dealt
with when businesses embark on a practice development process.
The “we are not salespeople”
culture is the hardest nut to crack. The thought of being part of
the sales and marketing process strikes fear into the heart of some
employees. What many directors and managers miss here is the fact
that clients are actually quite keen on going through the buying
process, provided they feel they have control and there will be
high, added value outputs. The skill, which can be taught, is to
be able to show a deep and genuine interest and empathy in the client’s
position and issues. The client will then signal (through verbal
and non verbal queries) that the next stage of the buying process
has arrived.
Those businesses that apply themselves
to the sales process are undoubtedly those that are succeeding where
others have failed. So how do they do this? The route to winning
business is a method that is familiar to anyone who has been involved
in a sales team.
The secret to any marketing
or sales activity is the same. Learn the basics of networking and
selling, choose two or three marketing activities, try them for
a long enough period of time and be patient. Consistency, quality
of image and variety combined with an understanding of your client
or prospects needs are the things that make marketing successful.
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