Showing posts with label marketing. Show all posts
Showing posts with label marketing. Show all posts

Thursday, September 11, 2008

Image is everything

Recently on the Marketing Mix blog, Ilise Benun and a few commenters got into the subject of typos in company literature - a subject I've thought about a lot since starting the zen kitchen.

I've actually met people online who are even harsher than this - they'll actively snark people who make even a small typo, or folks whose English isn't quite so good yet (i.e. they're still learning). Even though my English is pretty darn good, I've actually left communities because of this habit.

I do think there's some room for forgiveness on the typo thing - but I think that the more likely cause of Ilise's sketchiness around this person's sign is the lack of care it represents. If this is the way the person presents themselves BEFORE you work with them, how will they be if you do work with them? Why should you care about a company that obviously cares so little about themselves?

Your marketing materials, no matter what form they take, represent your business to people who may or may not know you. While many entrepreneurs do find themselves having to "bootstrap" and do things on the cheap, one of the biggest mistakes I see them making is rushing just to "get something up there," and ending up with something that represents their business in an extremely unflattering light.

Think of it this way: say you're looking for a marketing/branding expert to help you market your business. You have a big vision for this enterprise, and you need someone who's going to get that, and help you succeed. Now let's say someone approaches you saying that they're just the marketing/branding expert you're looking for, and they hand you a card that was obviously ordered from VistaPrint. Would you trust them? If they can't do what they say they do for THEMSELVES, can you really trust them to do it for you?

The same goes for high-end consumer products. Customers in this market (think really good chocolate, wine, fine custom jewelry, organic bath/body care, scented candles etc.) are paying as much for the image of the product as they are the actual product. If your packaging doesn't present that high-end image, the customer is less likely to see the high end nature of the product, and more likely to choose your competitor, over there in the pretty pretty box.

It sucks, yes, but it's the nature of things. When it comes to how you market your business, image is everything. What does your image say about you?

Thursday, August 14, 2008

What should be in your electronic press kit?


So, you've got a great product or service that's just dying to get out there to the public. You know the best way to get noticed is to be featured in magazines, newspapers, etc. You've done your research, made a call to that editor you know will be interested in your product, and the editor says, "great! Just send me your electronic press kit, and I'll take a look at it." Then you realize that you don't have an electronic press kit - and you have no idea where to start putting one together. What the heck do you put in this thing?

The most important things to include in any press kit (digital or physical) are:

• info about your company, you and your products;
• any press coverage you've already received;
• basic contact and where-to-buy information (this should absolutely be separate and easy to find)
• print-quality, professional images of your product, and possibly yourself holding the product. You can also include low-res photos with a note to contact you for high-res photos, since most digital press kits will be e-mailed.

Add to this a sample of the product and a professional photo (8 by 10) of the product for editorial use, and the same thing can go in a snazzy folder to make your physical press kit.

Aside from that, you can also think about things like: what section will this be good for? What makes this product newsworthy? Is there anything unique you can pitch to a specific editor's audience that's different from what everyone else might think of?

For example, most publications already drone on and on about the health benefits of green tea, etc. - but what could you bring to the table that's a new way to think about it? Maybe a recipe for cookies or ice cream that uses green tea? Green tea/honey sorbet (which would, by the way, be amazingly easy to make)? Green tea popsicles with mango juice? What are ways that folks can have green tea without having to drink it as a cup of tea every morning?

Mind you, if you really feel stuck with this, then it's probably time to get in touch with a PR professional to help you get the process going. Public relations is an intense, time-consuming process, and a good PR professional will not only take on that process for you, they'll know outlets you might not have thought of, and can come up with good ideas beyond submitting the product to magazines.

Thursday, July 31, 2008

Trade show materials: know your audience


Over the summer, I've been fortunate enough to check out a couple of different trade shows; first the HOW Conference in May, where a number of stock photo, paper companies and others gathered to show off their wares, and then the Fancy Food Show, where, well, I got to eat some really amazing food and make contact with Makers of Tasty Things. And during both, I got to see a lot of trade show materials - some that worked, and some that really didn't.

The point of trade shows, quite often, is not just to introduce yourself to the audience at the show, but to a) find good leads to follow up with, and b) give them something to remember you by once the show is over - preferably something that will encourage them to make a purchase. There are all kinds of ways to do this. At the Fancy Food Show, a number of vendors offered samples of their food (I was stuffed within an hour or two!), but little else aside from maybe a sell sheet or postcard.  At any trade show you're going to run into dozens, perhaps hundreds, of vendors - what's there to help me remember who you were beyond that one moment of trying your food?

Other folks gave out free samples that you could take home - which I think is a great idea. Buywell Coffee gave me a couple of free bags of their Screaming Monkey coffee, which I've been drinking iced for a week. I can't wait to find it now - it's amazing stuff. But if I hadn't gotten that sample, I wouldn't have remembered them beyond meeting them at the show.

Other companies had really well-designed, almost keepsake, materials. Chocolate Company Pacari's postcards, in particular, were so beautiful that I put them up on my office memo board. Information about the chocolate was on the back of the card, but the front was completely covered by a gorgeous illustration related to one of the specific chocolates.

Another tactic, which I saw a lot at the HOW Conference, is to give away branded merchandise - from notebooks to bobbleheads to the much-coveted Masterfile laptop bag (which I was lucky enough to get and I still carry around with me). This tactic is a definite winner to me; it gives me something to hold onto, and something I can use, which will remind me of that business every time I use it. I have, however, also seen this tactic used badly - for example, the too-ubiquitous coffee mug or stress ball. I don't know about you, but I have more than enough coffee mugs. Why give someone something they likely already have plenty of - and if they don't have plenty of them, then they probably won't have any use for it anyway?

The key to any trade show giveaway is to know your audience. What are these people here for? How can you make yourself memorable? What will they respond to? In the case of the folks at the HOW Conference, they knew that their audience (professional designers, and the vendors who love them) love getting well-designed, useful, really cool stuff. And the booths that were the most popular were the ones giving that stuff away. Meanwhile, at the Fancy Food Show, the folks who did well knew that, in order to really understand what made their product great, they had to taste it for themselves. 

Sunday, July 27, 2008

Where are your clients?

I just happened upon this post by Jeff Fisher, one of my creative buddies over at the HOW Forum, who speaks about the geographic boundaries often imposed by creatives upon themselves. In the post, he expresses surprise that so many creatives think they have to restrict themselves to their specific location:

Huh? I don't think I got the memo about the Federal government building walls around local communities to keep designers, writers, photographers and others trapped in their hometown environments.

Admittedly, when my initial Internet presence went live in 1998, my website was intended to primarily serve as a portfolio for a predominantly local clientele. I wasn't expecting email requests for information about my services from potential clients across the United States - and then from around the globe. Suddenly there were no restrictions to the target market for my business. In the decade since, 80-85% of my business has been for clients outside of the State of Oregon.

He makes a great point. I, too, have had great success with clients from around the country as a result of maintaining an active Web presence and being active on forums, e-mail lists and the like. But one thing I'll add is that, in my mind, there's a lot of good to be said for working with local clients. For one thing, it's often easier to make solid connections, since you get instant face-to-face contact. For another, I for one find that collaboration is much easier when you can get face time with a client - as wonderful as the Internet and cell phones are, it's just no match for being in a room with someone hashing out what needs to be done. And for yet another, I just happen to enjoy supporting my local economy.

All this said, I don't think that focusing on either is really the best choice. Currently, I'd guess my clients are about 50% local/50% non-local. The key, in my opinion, is not to rule either out, but to figure out who you want to attract, and then set up your communications to speak to those specific people - and then set out looking for those people.

Wednesday, July 09, 2008

What are your materials really selling?

Yesterday I happened across a great marketing article written by Stacy Karacostas on Biznik (which, by the way, I suggest checking out if you haven't yet). In it, Stacy points out an important mistake that businesses often make in their marketing materials.

“If you were looking for a chiropractor, bookkeeper, massage therapist, or other service provider, what would you need to know in order to choose them over anyone else?”

Chances are it would be things like:
  • A bit about the types of services they offer
  • If there is anything unique or different about what they do
  • Whether or not the specialize in, or have experience with, your particular issue
  • Who else uses them and have they been satisfied
  • What you can expect and how long it will take
  • How they are better or different than the competition
  • Where they are located, their hours and how soon you can get in
  • If they accept credit cards or your insurance
  • What to do to make an appointment
What you probably don’t want—or need—to know are the basics like:
  • What is massage or chiropractic or bookkeeping
  • The history of massage (or chiropractic, or bookkeeping)
  • Why you need a massage therapist, chiropractor or bookkeeper
Yet time and again this is exactly the type of info service providers focus on in their marketing.

The result is that they end up spending all their time and money trying to convince people they need a particular service. What they should be doing is trying to convince prospects to hire them in particular.
Interestingly, how many designers (or coaches, or green retailers/manufacturers) make the same mistake? How much time do we spend trying to convince people of our basic worthiness to people who don't get it instead of looking for the folks who DO get it, and convincing them that we're the best person for the job?

The way I see it is this: the more you try to convince people that what you do is actually worth paying for, the more it seems that you feel people need convincing. And this raises the question: do YOU believe in what you're doing? And if you do, why do you seem so convinced that other people won't believe in it? 

In my experience, half of success in selling comes from confidence in your product - and that means knowing what you're worth, and sticking by that. Your job is not to convince the non-believers. Your job is to find the folks who already believe in what you do, and convince them that you're better than the others.

Tuesday, April 08, 2008

Why a great website isn't enough

Recently, someone on one of my lists posed the question: "How many of you get business from your website?" In my mind, this is the wrong question to ask. Rather than posing it this way, what I think you really want to ask is "how do I get people to my website so they can learn about my business?" and "how do I set up my website so that, once people end up on it, they'll be inspired to work with me?"

A website isn't a magic bullet that will make all your business dreams come true; it has to work in concert with all the other things you do to promote yourself. For example, many of my customers (almost all, in fact), have seen my website by the time they hire me, but they don't just randomly happen upon it. They find me through one of my various online communities, or meet me at a networking event, or find this blog. They connect with something I've said on a forum, or taught in a class. That intrigues them to look at my site, and since it's well-built and the work is good, I get business.

But if I didn't do all these different things to promote my site, people wouldn't find it, and I wouldn't get business from it.

If you want to get business from your website, you need to put in the effort to build it well, to create a professional presence with engaging content, and to promote it - otherwise, it just becomes another bit of noise in an already-polluted Internet.

Wednesday, March 12, 2008

Marketing takes time

One of the more interesting comments I hear from entrepreneurs often involves some marketing effort that they undertook - whether it's a direct mailer, an advertisement in a magazine, or even a networking group that they belong to. Whenever they mention it, it's always in terms of results gained in a short period of time.

"I sent out a mailer last year and only got three calls from it. I'll never do that again."

"We placed an ad in this magazine and only got one call from it. We'll never do that again."

The challenge with any marketing activity - no matter what it is - is that it takes time and repetition to work. If you have a blog, you have to update it (no comments from the peanut gallery, please). If you do a mailing, you have to repeat it. If you run an ad, you have to run it again - and again - and again - to get the results you want. If you join a networking group, you have to go a few times; be noticed, be engaging.

This is one of the reasons that, as entrepreneurs with (sometimes) limited funds, techniques like blogging, e-mail newsletters and online/in-person networking can be so valuable. Any marketing activity has to be done again and again to work; but these techniques have the advantage of a significantly lower cash outlay - and often, they're significantly more effective.

Thursday, February 21, 2008

Where are your referrals going?

Today I had the pleasure of coming across a terrific article by Biznik member Mark Silver (who, interestingly enough, calls himself a Business Tenderizer) about what he deems "the Bermuda Triangle of Business Referrals."

I'm sure you've experienced this - I certainly have. Your clients adore you, and send you this lovely e-mail about how they've referred so-and-so to your business because they think you're the bees' knees (really - do bees have knees? Am I spelling it wrong, or is that really how it's spelled? Anyhoo...), but nothing ever comes out of it. No calls. No e-mails. Or worse, the people who DO call or e-mail are The Wrong Sort - those folks who have a great idea, but not enough money to actually afford what you could do for them.

So what do you do? You make it easy for your clients to refer The Right Sort to you, and make it easy for The Right Sort to get over the fear, uncertainty, or other things that might be preventing them from actually calling.

My friend Joanna Scaparotti of My Solutions for Stress was a great example of this. She does Reiki and wellness coaching for busy professonials, and I'd been getting fairly frequent Reiki sessions with her for a few months, after which I got an e-mail titled: "Where can I find more people like YOU?"

The e-mail went on to not only tell me how fabulous I was as a client, but it also shared the specific traits that she was looking for in potential referrals, and gave me an easy way to get folks in contact with her so I could share referrals.

Even though this was an e-mail sent to multiple clients of hers and not just me, Joanna's tone in the e-mail was professional, it was personal, and it made me happy to offer her services to anyone I came across who fit her profile.

To read the full article, click here. To learn more about Joanna, click here.

As for me, yeah - I know I've been a bit lax on the blogging thing, and I promise that I'll get better soon. Fortunately, I've had a ton of work in, and I'm working on getting deadlines out the door for a while. But no worries - there's more in the pipe for the blog.

Monday, January 07, 2008

tzk news: Marketing on a Shoestring class

Just a quick note to mention that, on January 25th, 2008, I'm going to be teaching a class in Marketing on a Shoestring for the Center for Women and Enterprise in Providence. As it's a subject close to my heart, the class will likely turn into a series of blog posts and/or an e-book somewhere down the line. For now, though, I'll let you know how things go. Ta!

Thursday, January 03, 2008

Some Marketing Resolutions to help you build your business in 2008

My friend Jess Sand over at Roughstock Studios posted a terrific list on her blog about marketing resolutions that you can make to help you grow your business. It's a great list, and even if you implement just a few of them this year (along with the right professional to help, in some cases), you can see pretty tremendous results.

For the zen kitchen, I've been taking a lot of downtime the last couple of weeks to figure out and redefine Who I Am, What I Do, and Why People Care - and it's been an interesting experience. Impending New Years are great times to sit down and evaluate; what works and what needs to be dropped, which direction needs to take precedence now.

Given that, I thought I'd share my goals/focus for 2008:

  1. Spend more time on the blog, and on writing in general, including a personal book project in development;
  2. Have more focused content on the blog, especially in the area of self-promotion and branding;
  3. Focus the zen kitchen's work on branding and helping entrepreneurs learn how to promote themselves, a focus that's been a long time in coming;
  4. Clarify and document systems that I've developed within the business, so I can delegate work as needed.


I'm pretty excited about this, since I've come a long way since I opened the studio back in 2005, and this new focus is the first time since I started the studio that things just felt like they were clicking into place. Let me know what your resolutions are - any goals you want to achieve by year's end?

Wednesday, December 19, 2007

How you're remembered after you leave the room

At a recent Ladies Who Launch event, I was chatting away with a couple of fellow attendees about What I Do (you know, like I do), and we got to the subject of business cards and logos, which is one of my pet subjects here at the zen kitchen. As we got to chatting about the importance of having a logo that effectively represents you and your business, I said "after all, your business card is how people remember you when you leave the room."

I got a great reaction to that testament (including notes that I should trademark it), but I can't help thinking: is this true? I think it is, but I have to qualify it a bit.

Your logo, business card and associated materials are part of your professional "package," so to speak. Working together, they create the image that you present to the world, whether or not you're physically in the room. While networking is certainly an important way to build your business (it's certainly done wonders for the zen kitchen's numbers), if you've ever been to a networking event, you know that you can meet a LOT of people in one night. You're not going to remember them all. So really, your business card is going to be what folks remember about you after that night is over, along with maybe a couple of quick thoughts depending on what you talked about. It's an invitation to learn more about you, to keep in touch - and your website is a way for them to learn still more about your business after they've gotten home that night.

So what does your business card say about you?

Monday, December 03, 2007

Can a blog replace a promo site?

Recently, someone on one of my lists had a question. While he knew that it was important to have a website and he'd heard a lot about the SEO goodness and other associated benefits of having a blog, he wanted to know which was more important - the blog or the promo site? Could you just go with a blog instead of a more static promo site and still get the same results?

The answer is a bit complicated, but I'm a firm believer in having both - for a variety of reasons.

Blogs are great for SEO and getting recognition for your business (especially establishing you as an expert in your field, which is marketing gold). The challenge with using blogs instead of a more basic promo site is the fact that a blog, while it can give lots of great information about your field and things you do within it, doesn't accomplish the main goal of a company's website - to outline their offerings and show a potential customer why they should choose them over the competition.

While you can use a blog to provide information that enforces the points made on your company site (as I do with this blog and the zen kitchen's site), the promotional site, to which the customer can turn for basic information about the company, its mission, contact info, etc. is still an important piece of the puzzle that shouldn't be overlooked.

The goal of a promotional site is to make it extremely easy for the customer to get the information they need to know whether they want to work with your company - that means contact info, client case studies/testimonials, a breakdown of what you do and why you do it better than the competition is right there in front of the customer, and extremely easy to find (preferably in the top navigation, which is where the average user will look). Traditional blogs, with their emphasis on throwing all the most recent posts on the first page, make it harder for folks to answer the key question a user will ask when they visit your site: what is this company, and why should I work with them?

Given this, you can use most blog software to create a site that accomplishes both goals, and updating content regularly (for example, posting to the attached blog) will enhance the SEO of the site, as will being active on other blogs and social networks. So, unless you're looking for special advanced functionality (which would require custom programming and can drive costs up), a talented designer can create a site that maintains the structure of a promotional site while having the SEO benefits and (relatively) easy updating of a blog.

Friday, November 30, 2007

Here's a thought

inspired by this post from new acquaintance and fellow cat-lover Kelly Parkinson of Copylicious:

What if each day, for about 5 minutes, you wrote a "love letter" to a client or friend telling them how much you cared about them, how much you appreciate the way they've touched your life - and then you sent it to them? What if, rather than trying to figure out five things to be grateful for about today, you thought of five things to be grateful about in regards to a specific person? It's like a lovely double-duty bit of grateful; you feel good, you make them feel good, which makes you feel double-good - it's a veritable orgy of goodness. And we all love orgies, right?

I might try this for a while.

Ads that clean the streets? Cool!

My buddy Colleen Wainwright, a.k.a. the Communicatrix, just sent me this super-cool link. Full-service guerilla ad campaigns that not only use only water, but they actually clean up dirty streets. Too cool!

An excerpt:

The idea for the [Street Advertising Services], which launched last year, came to founder Kristian Jeffrey out of sheer frustration. Jeffrey explains: "I run several small online businesses, and was searching for cost-effective advertising to attract consumers to my sites. My potential customers were walking around me every day, and it was when I was walking through the dirty streets of London that the idea came to me: why not take advertising literally to the street? Having experimented with several different methods, we wanted to apply a technique that was not just eye-catching and effective but also friendly to the environment. What could be more natural than water?"


The full post is here. Now how cool is that?

Wednesday, November 28, 2007

When Sustainable Isn't - a Green Marketing Dilemma

David Baker from ReCourses had a great newsletter this month about the ubiquitousness of terms like "sustainability" and "branding" in marketing speak today, and why in order for a business to truly be sustainable, it needs to do more than just employ green practices; it needs to run itself in such a way that your financial health, corporate culture, and all the things that keep a business going aren't being ignored in favor of being seen as "green".

An excerpt:


Acting in more sustainable ways is a very good thing indeed, but if we are not authentic (and aligned internally as we pursue it), the brief moments we get on stage will turn open consumers into skeptical critics. Here are some suggestions about having a deeper impact on the world around you.

First, start internally before you preach externally. Assess and then embrace the true cost of following your conscience and lead by example. It's very popular but entirely too easy to suggest how other people should spend their money. Start with your own.

Second, don't ignore the broader definition of sustainability. Your carbon footprint matters, but I'm not sure it should matter more than running a genuinely "sustainable" business. That would be one that cares about financial health, management culture, work/life boundaries, doing effective work for clients, and even the sustainability of your own role. Taming chaos today by solving the same problems you fixed yesterday doesn't ooze sustainability. The best way I could synthesize this point is as follows: control follows viability, and impact follows control. Be the right sort of firm in order to give you the sort of control that can be wielded on behalf of clients that need it (even if they don't know they need it).

Third, be yourself even if it isn't all that sexy. Generally ignore what others are doing and craft something that's real, authentic, and substantive, so much so that you'll still be energized by it a decade from now. That's the sort of real differentiation that accompanies genuine branding. If you've done it right, the message on your web site can remain virtually unchanged for years and years. That, my friends, is a component of sustainability, and throwing my Venti Latte into the recycling container is more lip service than substance.

It's time to broaden our perspectives and be more balanced and authentic marketing partners who tell the truth, regardless of where it leads. It's time to drop flippant uses of the word branding, and it's time to take a more sustainable approach to sustainability. Seldom have larger businesses embraced a message as significant as this to marketing firms, and whether genuine or not, we have an opportunity to engage in meaningful conversation and move from the transactional work we've been doing to the consultative role we've longed for. Just keep in mind that good consultants aren't always popular, but they do have a point of view and they are honest.


The full text is here, but I'm not sure how much longer it'll be up there.

Monday, November 26, 2007

Word of Mouth Marketing is Big Business

According to a recent article in the Boston Business Journal, word of mouth marketing is the Next Big Thing - so much so that companies are investing over a billion dollars collectively on word-of-mouth campaigns, in a trend that's only expected to increase soon.

But you already knew that.

Let's face it: what makes you buy? Certainly, commercials and ads have their place, but people are more likely to buy something if they hear its praises from someone they know and trust. Your friends, current clients, colleagues - all of them can provide great word of mouth for your business (and much cheaper than paying an ad agency to get it for you) - as long as you give them some guidance about a) what to say, and b) who to say it to.

Now, the basic idea behind this isn't about creating some puppet orchestra amongst your friends; it's about helping folks understand what you really do and what kind of folks you want to be doing it for. It's marketing 101 - know your audience.

For example, let's say that I have a client that I do some basic production for, but not much creative. I love working with her, and would love to get some referrals to grow my business. But she doesn't really know what I do - the zen kitchen specializes in identity and marketing design, not in production - so, in order to get the most qualified referrals from my client, I need to let her know the range of services I offer, and the average pricing for those services, so that she can refer me to clients who need the specific services I want to offer my clients.

So what do I do? I take her to lunch, talk about what I do, and ask her if she knows any business owners who are looking to invest in quality identity design and marketing to grow their business. If I get referrals, that's great. If I don't, I had a nice lunch. But, now she knows what I really do, and she can more likely spot a good potential client, which works well for both of us.

The same idea, by the way, goes for family and friends - while we love them, they don't always understand what it is you really do. One friend of mine consistently calls me a "webbie" and keeps referring anything and everything Web-related my way, even though I have to outsource Flash and any type of programming applications. By letting folks know the TYPE of leads you're looking for, you get much better leads.

Wednesday, October 03, 2007

marketing: what makes you so special?

So, you make a great product, or provide a terrific service. And you think that your product or service is just the best thing ever. Wonderful!

But what's so special about it?

This is something I run into all the time - even with my own business. I love what I do, my clients love what I do, but what makes me so special compared to the hundreds of others that do comparable work, sometimes for significantly lower prices?

For me, it's the passion I put into it - and the fact that I don't stop at just design. Never have, in over six years of doing design professionally. My mission is to make sure you succeed, and sometimes that means helping you out with some hard truth about what you really want to be doing with your life, sometimes it means helping you figure out what you want to CALL this thing you're doing or how you need to talk about it, and sometimes - and this is happening more and more often - it means being your biggest cheerleader when you're starting to doubt that you can really do this.

Great marketing isn't just about saying, "my product is great because it has all natural ingredients and it's good for the environment" or "we really care about our customers." It's also about saying, "my product or service will help improve your life, and here's how." And, it's about saying, "yes, we ARE different from the rest, and here's why."

So, what makes YOU special?

Monday, September 17, 2007

Figuring out your marketing budget

As a nod to the marketing budget craze I've been on lately, I've been in a number of conversations with folks on my various lists the last couple of weeks about marketing budgets - what to spend on, what to save on, what works, what doesn't - and it occurred to me that a number of folks taking the entrepreneurial track, at least in the smaller sense, find themselves stuck in one of two modes:

1) they get overwhelmed the moment you start talking figures and refuse to set a marketing budget; thus, they end up spending either too much or too little money on things that they guess MIGHT work, and often end up jaded and losing profit;

2) they get caught in this self-doubting cycle of "I can't afford to market my business," which results in a further cycle of either NOT marketing their business, or marketing ineffectively, which keeps them in the cycle of "I can't afford to..."

To both of these categories of folk, a marketing budget is a big, scary thing. It's money not in their pocket. It's also the fear of the unknown - what if I spend the money, and don't get results? What do I do then? How much am I supposed to spend on this anyway?

Well, I gotta tell you: marketing requires two things - time and money. The less money you're willing to spend, the more time you're going to have to put in. And both, unfortunately, are necessary expenses.

So how do you figure out what's right for your business? While every business is different (and I can't claim to speak for every single business out there), there are a few things that you should never, EVER skimp on:

1) your logo,
2) your website,
3) your business card and associated marketing materials (especially brochures).

These are your visual identity. This is how your audience - the people who will ultimately put the roof over your head and keep clothes on your back - witness and form impressions of you and your business. You can't afford NOT to spend some money on these things.

But how much? The answer depends on a number of things - the size of the business, how much income you expect/need, what type of things you absolutely need in terms of marketing materials, website, etc. An e-store or a rich Flash-based site with widgets and gadgets all around, for example, will cost significantly more than a simple "here I am!" site.

But give yourself some money, and be generous with it - the rule of thumb I often hear is 10-20% of your annual income should be spent on marketing. And I agree with this - especially in the first year, when you're just starting out and getting all your initial work developed. Let yourself spend that money - but do some research and find the right people to spend it with. In the years after, you can modify it a bit, as you figure out the methods that work for you, and you discover easier, lower cost methods.

Thursday, September 13, 2007

Why you need a marketing budget

One of the things I love about working with entrepreneurs is that they are, very often, incredibly passionate about what they're doing - whether it's creative writing, or personal/business coaching, or making handcrafted organic soaps (you'd be AMAZED how many people make handcrafted organic soaps!). They start their businesses because they think they've stumbled on something great - and they want to share that with the world. This is a beautiful thing.

One of the areas, however, where I constantly notice entrepreneurs getting stuck is that, because they are so passionate about what they do, they pour everything they have into the product or service that they're trying to build a business around, and they scrimp on their marketing efforts, hiring the cheapest designer for their identity and website or - even worse - deciding that they "can't afford" to hire somebody and try to take on the whole shebang themselves. In rare cases, this works out just fine - I was lucky enough when I started the zen kitchen that I was a very capable designer (after all, it's a design studio), and was able to learn a number of things myself fairly quickly. All too often, however, the DIY route doesn't go so well. Oh, sure, the company will do okay - maybe even succeed for several years - but at a certain point, the DIY route proves to be too much work for too few results.

Here's the thing: if you're a designer, your business is design. You've likely spent years learning design, and you know yourself and your intended business well enough (quite often) to do your own marketing and design; and indeed, you should - since it's the best way to show potential clients what you do. But what if you're NOT a designer - what if you're a coach, or a soapmaker, or a writer? Which would you rather be doing - the stuff you're good at and you truly love to do, or learning how to code websites, or use templates, or design logos? And if you've spent the time learning all this, are you satisfied with the result? Does it speak to you and what you do, and does it convey this message clearly to the people who need to hear it?

It's altogether possible that it does. But it's much more likely that it won't. This is why it's important to figure out a marketing budget and spend it on getting the right people to help you market your business - because not only will you get better results, you can take the time you save and spend it on more important things - like, say, running your business and living your dream.

Wednesday, September 12, 2007

What should you spend on marketing?

Marketing Profs had a great newsletter recently about budgeting for marketing. The basic point was that every business is different, but you should be able to figure out not only your marketing objectives (how much do you want to make this year? how do you want to reach your market?) but costs for three distinct areas:

  • The one-time start-up expenses (my note: this should include properly positioning and branding your business, as well as creating a website and the basic marketing materials you'll need)

  • Amount needed to successfully market the product (my note: this should include things like monthly advertising, e-mail newsletters, trade shows, etc.)

  • Fixed costs that will be incurred while achieving the objectives. (my note: this should include things like web hosting, e-newsletter services, marketing/salesperson salaries, etc.)

The full newsletter is here.