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Become an Internet Marketing "GURU"
Become one of Internets Marketing Guru’s by using Virgil’s Tips, Tools, and Opportunities. These tools, Tips, and Opportunities will supply the information necessary to make you wealthy by marketing via the internet. To market any product or...
Improved Pay-per-Click Marketing Performance from Time-Tested 80/20 Principle
As marketers and business owners, we're always looking for "the
next big idea or strategy" to maximize our business performance.
Yet, the application of time-tested principles consistently
achieve greater results over efforts to create newer...
Internet Marketing Success the Easy Way
Are you tired of site after site that promises the moon and delivers ... well, let's just say they under-deliver. If so, I've got very good news for you today. It's not a secret formula. It's not something I discovered and keep locked in a vault in...
The Mighty Marketing Newsletter
For many companies and organizations, it's a powerful marketing
tool that attracts and retains customers. I'm referring to the
dependable, hard-working newsletter.
On the subject of newsletters, guerilla marketing guru Jay
Conrad Levinson...
The Truth About Internet Marketing Tools...Revealed!
The Beginners Guide To An Internet Business! I believe many of you probably have the same problems I had when I first started my internet business. These problems are difficult to identify and correct because at the early stages of our careers we...
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Technology's unrelenting assault on Marketing
"Change, you know, has subtle quality. It comes upon you quietly. It creeps and you continue to pleasantly operate on the basis of old and comfortable assumptions and premises until suddenly, change explodes opportunity in front of you. And you are totally unequipped to deal with it because your ways of thinking, your concepts, your techniques, are all geared to an age that is no more!"
Source: unknown
Today's marketing leader and savvy CEO's better recognize that change is constant, even more so than last year, last month and perhaps even last week!
Time-to-market issues are more acute than ever, in some cases, causing the demise of once mighty companies. Product life cycles are measured in months, with some in weeks. Globalization is in full swing. The ubiquitous WWW continues to level the competitive playing field providing smaller firms cheaper and easier access to global markets. New markets are harder to segment causing competitors, big and small, to lurk behind every account and around each order. Outsourcing skill-sets such as manufacturing, engineering and even marketing tare at the fabric of established firms, yet must be required strategy for companies wishing to not only survive, but thrive in the business environment of the 21st century.
Technology is assaulting every aspect of your marketing mix - price, promotion, product, and place. Thinking otherwise is simply not thinking. Creative marketing groups must focus on understanding, trending, and innovating ways to use technology as a significant competitive advantage.
Innovation is key and must be applied to these emerging trends:
Techno-edge: Technology is advancing rapidly - embrace it! Market winners will be those that most effectively understand and utilize technology to their customers' advantage. Find ways to insert technology in all phases of your marketing mix - automate your sales force with CRM and SFA productivity tools but always make sure your customer benefits; look for systems that provide easier, and more comprehensive pre/post sales support through WWW techniques; make sure your R&D group is cutting-edge and understands how technology can solve your customers' problems - not just add low-value, "techie-type" features; innovate your distribution methods driving more channels-to-market with least cross-channel conflict.
Speed: Speed in everything your firm does - from new product development, to how many rings it takes to answer your business phone. Speed wins and technology is pushing things to get faster while raising consumer expectations on how long they should wait. I'll bet if you critically reviewed every step of your organization, you would find useless queue times and non-value add steps that don't help your customer. Look for ways to create a business that thrives on ‘speed-of-customer satisfaction'.
Convenience: Whether you like it or not, your thinking competitors are building an edge on convenience. Don't be left behind - find ways in your business to provide unparalleled convenience to your customer. Purchasing your product via the
web or gaining access to product support or the ability to download software tools 24/7 should be your norm. Many companies are allowing demo's (well done videos or actual software use if appropriate) of their product to be available 24/7 so the customer can pick their time to review the product. Can you create an advantage in your customer billing system? What other areas can you automate to benefit your customers? Look through your entire organization and find ways to make it more accessible, and portable. Consistently add ways to make it easier for your customer to do business with your firm otherwise they will with your waiting competitor.
Choice: Customers are beginning to realize that they don't have to be ‘stuck' with standardly offered products or service if it only meets part of their need. Choice is becoming more of a market differentiation resulting in a competitive edge. Marketing leaders must realize that company growth through targeted niche markets includes finding ways to provide customized choices. And do so to a variety of customer demographics in a cost effective and highly competitive manner. Technology can greatly assist this issue.
Value-adding: Price pressures will continue to mount for your company's products and service. Reject becoming the low price quote through aggressive discounting unless you can really be the low-cost producer such as Dell or Wal-Mart. Use advances in technology to add value to your product or service. Intelligently adding features and value (which could be as easy as changing delivery pricing policies or inserting programs that make customer order status more real-time ) will keep margins in tact, while retaining accounts. Your customer is assaulted with competitors daily that claim richer product features, with better prices and faster delivery. Know your customer well. CRM (customer-relations-management) or SFA (Sales-Force-Automation) tools help skilled sales force to more quickly adopt and respond to changes in customer accounts. Seek ‘value-added' features in your new product development. Don't allow R&D to add features without a customer verified value given to that feature.
Yes, a significant paradigm shift occurred and continues to assault the way most companies operate. Capitalism has a brutal way to deal with those who miss the change and therefore are ill prepared to take advantage of opportunity - they go out of business! Creating shareholder wealth is trickier than ever, but not impossible for the marketing ‘dude' with visions, flexibility, risk orientation and the ability to execute in the market place.
About the Author
Frank Williams is a marketer. With many post graduate courses in management, leadership, marketing and technology to his credit, Williams is a widely respected speaker, author and technologist. He has significant knowledge in marketing strategies and is the founder and CEO of Global Marketing, Inc. - a leader in business, marketing and sales consulting
Other valuable articles can be found at: http://members.cox.net/glmarketing/glmarketing/index.htm
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KnowThis: For Marketing, Market Research, Internet Marketing ... |
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Marketing - Wikipedia, the free encyclopedia |
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Welcome - American Marketing Association - www.marketingpower.com |
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Advertising, Marketing, Media and PR News - Brand Republic |
Find the latest Advertising, Marketing, Media and PR news from Brand Republic, the online resource for up to the minute advertising and marketing news and ... |
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Marketing Magazine - Marketing News - Brand Republic |
Marketing Magazine - Marketing News - Brand Republic. |
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Offers a Canadian source of news and articles on marketing, advertising and media. |
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BidVertiser - Pay Per Click Advertising On Sites Of Your Choice. |
Pay per click advertising - online advertising directly on sites of your choice, internet marketing solution for online advertisers. |
www.bidvertiser.com |
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Online Behavioral Contextual Advertising and Marketing. |
Promote your business with today's most effective online advertising technology, contextual advertising at a cost effective metric of CPC, PPC, CPM or CPV. |
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Sales Jobs / Marketing Jobs / Advertising Jobs - MarketingJobs.com |
Employment site for marketing and sales professionals. |
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The Chartered Institute of Marketing |
The Chartered Institute of Marketing is the world's largest international marketing professional body and helps with career support and information ... |
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Marketing: See what people are saying right now on Technorati |
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Marketing Profs - Marketing Concepts and Strategies: Expert ... |
Marketing knowhow from professionals. Newsletter, articles and how-to's. |
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Guerrilla Marketing Online - The Official Site |
Guerrilla Marketing Online is anonline magazine for small business, entrepreneurs, sales people and marketers of all kinds. |
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Business Marketing - Small Business Marketing |
Business marketing - Read everything your need to know about small business marketing. |
www.entrepreneur.com |
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All About Marketing |
Adapted from Field Guide to Nonprofit Program Design, Marketing and Evaluation ... Inbound Marketing Includes Market Research to Find Out: ... |
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Pages tagged with "marketing" on del.icio.us |
USA Network Announces a NASHVILLE STAR Marketing Partnership With ... - Yahoo! ... Direct Marketing Association: Telephone, Mail & Internet Marketing ... |
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ClickZ Internet Marketing Solutions for Marketers |
Includes columns with commentary and analysis on a wide variety of internet marketing subjects ranging from B2B marketing to search engine marketing. |
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Direct Marketing Association: Telephone, Mail & Internet Marketing |
Trade association for users and suppliers in the direct, database and interactive marketing fields, offering seminars and resources, and lobbying for ... |
www.the-dma.org |
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