This year we've received a handful of consulting request from business owners that are thinking about their marketing and so often the questions I get are:
Most tactical challenges can most often be solved with strategy planning and focus so before you determine whether LinkedIn is better for your organization than Instagram or if digital advertising is an effective way to generate leads, start at the point where you will ultimately create the greatest possible impact – strategy!
After spending considerable time reviewing these request, I’ve compiled a list of questions every business owner must think about before choosing LinkedIn, Instagram, Tiktok, Facebook, Google Ads or any tactic to increase visibility or lift sales.
It’s simple: “If your product or service is for everyone then it’s a product or service for no one.” You must determine, exactly who wants and needs what you have to offer? The best thing about this question is there’s only one wrong answer, and that’s everyone.
I believe that most organizations are uniquely suited to serve a narrowly defined market or ideal customer. Successful marketing is almost always specific, not general. And that “almost” is close to absolute because you can no longer run a traditional ad that reaches everyone.
Now, instead of interrupting everyone you meet, you have no choice but to choose your target market and from that market choose ideal customers.
Here’s a tip: Begin by segmenting and then building a detailed profile of your most successful accounts (profitable + refer your organization). Your best customers have the following two key characteristics: they are profitable and also refer business to you.
After developing a profile of an ideal customer, it’s time to find a way to attract this group. This is achieved by discovering some aspect of your business that this ideal customer clearly values from the rest of the market.
You need to dig in and find that one special way of doing things that your customers truly value - even if that value is outside of what you're selling them.
By defining the thing that your ideal customer values, you can change the context of how the market sees what you offer and in doing so eliminate your competition.
Here’s my advice: Go talk to 5-10 of your best customers, they know what you do that’s of value to them. Listen carefully and don’t be afraid to embrace the little things you do, that’s where you are different in a way that matters.
Sales and marketing 101 says that you focus on the problems and desires of the prospect, and match those up with your product or service.
Doing this online with information is no different, except you're delivering independent value with content before you attempt to make the sale.
The Internet has disrupted the traditional sales process, allowing the prospective customer or client to begin on their own terms the information-seeking process via search and social media. This means savvy business owners must adapt to the information empowered prospect in a fashion that more resembles educating than it does hard selling.
Here’s my advice: Look at these three simple information structures and determine which one fits your ideal customer. It may be all three.
The last piece of the puzzle is about your strengths, personality, and values. But, it’s not simply about those three things. What's more important is to find the type of content that communicates and showcases those important characteristics, in a way that allows you to stand apart from everyone else that says they are in the same business as you.
Here's my tip: Carefully choose the formats you can employ with excellence.
We have an engagement called Marketing Strategy Consulting, where we answer all these questions for our clients. As a part of this engagement, we interview your existing customers and analyze your competitors. We build ideal client personas and establish a marketing message that will speak to them. We map out your editorial calendar and determine how to make content a relationship-workhorse. And we go through the customer journey exercise and identify the gaps in your current marketing approach. This gives you a firm foundation on which to build your tactics and move your marketing forward based on a solid strategy.
Want to learn more? Schedule a consultation with us so we can talk about how to do this for your business.
Indispensable Marketing takes a process approach to developing and installing your small business marketing.