Whenever I speak with small businesses about marketing, the conversations usually revolve around the best method of marketing, response rates, creative ideas, etc.
I’ve yet to hear anyone discuss the need for process and execution assistance. BORING! Right? Wrong. Based on various studies, marketing overhead can cost as much as 30% of a marketing budget.
Poor processes and execution aids make everything harder to get out and in turn - it’s less likely you’ll be consistent with your messaging and delivery.
Do you have a process or execution issue in your firm? Think about this:
1. Do you have a library of letters centralized or on the desktop that are used for every marketing touch (new prospects, follow-ups, etc.) or are you searching through a server for a letter you used last month? (Helpful tip — Microsoft has an Office toolbar posted on their template site: http://office.microsoft.com/en-us/templates/results.aspx?qu=sales+toolbar&av=TPL000
Please let me know if you use this or other tools.
2. Is there a central list of all offers and promotions in market (for you and your vendors?) And is it updated monthly?? Firms are usually not aware of how many offers they are their parnters have floating around. Keeping a list of offers in market can save you time when putting together new campaigns or when you’re on the phone with a prospect.
3. Do you do regular materials audits? Keep a list of all materials you need / have already and their locations. Do a materials audit twice a year and refresh your materials and decide what else you need. (Check out the materials checklist posted on my resources section.)
4. Have a new customer willing to do press for you?? How many of those opportunities have you wasted while you figure out how to engage? Make sure you have a case study template, writers selected, a checklist for how quotes are used, etc.
So - the advice I give all my clients — before you start a new campaign, plan, idea of the day –take the time and step back to make sure you have the foundation in place to make your plan effective. Review all your existing materials, the processes you go through (from letters to newsletters and web changes) and streamline those processes first.
I guarantee you’ll have smoother and more successful marketing in the future. Build your foundation now and spend your time with the Glitzy part of marketing down the road.