All About Advertising and Promotions

A group of young people sitting together with text advertise written over them

All About Advertising and Promotions

© Copyright Carter McNamara, MBA, PhD, Authenticity Consulting, LLC.

Before you learn more about advertising, you should get a basic impression of what advertising is. See What’s “Advertising, Marketing, Promotion, Public Relations and Publicity, and Sales?”. Advertising is specifically part of the “outbound” marketing activities, or activities geared to communicate out to the market, for example, advertising, promotions and public relations. (“Inbound” marketing activities are geared to communicate in from the market, and includes, for example, market research to learn about customers needs and wants.) Now quickly scan the list of subtopics and their order on this page to understand even more about Advertising.
Then scan the subtopics and their order in the topic Marketing, to better understand the relationship between advertising and marketing.

Sections of This Topic Include

Basics of Advertising and Promotions

Preparing for Advertising and Promotions

Various Methods of Advertising and Promotions

Evaluating Advertising and Promotions

General Resources

Also consider
Related Library Topics

Learn More in the Library’s Blogs Related to Advertising and Promotions

In addition to the articles on this current page, see the following blogs which have posts related to advertising and promotions. Scan down the blog’s page to see various posts. Also see the section “Recent Blog Posts” in the sidebar of the blog or click on “next” near the bottom of a post in the blog.


BASICS OF ADVERTISING AND PROMOTIONS

Advertising Law

Basics and Planning

Introduction

Advertising and promotions is bringing a service to the attention of potential and current customers. Advertising and promotions are best carried out by implementing an advertising and promotions plan. The goals of the plan should depend very much on the overall goals and strategies of the organization, and the results of the marketing analysis, including the positioning statement (these are described more in the topic of Marketing).

The plan usually includes what target markets you want to reach, what features and benefits you want to convey to them, how you will convey it to them (this is often called your advertising campaign), who is responsible to carry the various activities in the plan and how much money is budgeted for this effort. Successful advertising depends very much on knowing the preferred methods and styles of communications of each of the target markets that you want to reach with your ads. A media plan and calendar can be very useful, which specifies what advertising methods are used and when.

For each product or service, carefully consider:

  • What target markets are you trying to reach with your ads?
  • What would you like each target market to think and perceive about your products (this should be in terms of benefits to them, not you)? Realize that each target market might be different.
  • How can you get that target market to think and perceive that, that is, what message do you need to convey?
  • What communications media does that target market see or prefer the most? Consider TV, radio, newsletters, classifieds, displays/signs, posters, word of mouth, press releases, direct mail, special events, brochures, neighborhood newsletters, etc.
  • What media is most practical for you to use in terms of access and affordability for that target market (the amount spent on advertising is often based on the revenue expected from the product or service, that is, the sales forecast)? Use that preferred media to convey the message(s).
  • Who will communicate the messages in the most appropriate media to that target market.

You can often find out a lot about your customers preferences just by conducting some basic market research methods (see the topic Market Research). The following closely related links might be useful in preparation for your planning.

Also consider


PREPARATION FOR ADVERTISING AND PROMOTIONS

Writing Your Ad

Before you write your ad, you should know what you want to say.

Also consider




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MAJOR METHODS OF ADVERTISING AND PROMOTIONS

Using Direct Mail

Mailing Lists

Email Marketing

Using Signs and Displays

Using Classified Ads in Newspapers and Magazines

Advertising on Radio and T.V.

Online Advertising and Promotion

Social Networking (Online) for Marketing, Advertising and Promotions

Social networking involves a variety of online tools that can be used by people and organizations to quickly share a great deal of information at very little cost. Many people are now hearing of some of those tools, e.g., Facebook, Twitter, MySpace and Youtube.

Experts are asserting that social networking is a must for people and organizations wanting to share information with others — after all, that’s what marketing is all about! For more information, see Social Networking (Online)

Measuring Results of Advertising

Also consider


For the Category of Marketing:

To round out your knowledge of this Library topic, you may want to review some related topics, available from the link below. Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been selected for their relevance and highly practical nature.

Related Library Topics

Recommended Books


Basic Definitions: Advertising, Marketing, Promotion, Public Relations, Publicity, and Sales

A corporate workspace with several office spaces

Basic Definitions: Advertising, Marketing, Promotion, Public Relations and Publicity, and Sales

Entered by Carter McNamara, MBA, PhD

Also consider
Related Library Topics

It’s easy to become confused about these terms: advertising, marketing, promotion, public relations and publicity, and sales. The terms are often used interchangeably. However, they refer to different — but similar activities. Some basic definitions are provided below. A short example is also provided hopefully to help make the terms more clear to the reader.

One Definition of Advertising

Advertising is bringing a product (or service) to the attention of potential and current customers. Advertising is focused on one particular product or service. Thus, an advertising plan for one product might be very different than that for another product. Advertising is typically done with signs, brochures, commercials, direct mailings or e-mail messages, personal contact, etc.

One Definition of Promotion

Promotion keeps the product in the minds of the customer and helps stimulate demand for the product. Promotion involves ongoing advertising and publicity (mention in the press). The ongoing activities of advertising, sales and public relations are often considered aspects of promotions.

One Definition of Marketing

Marketing is the wide range of activities involved in making sure that you’re continuing to meet the needs of your customers and getting value in return. Marketing is usually focused on one product or service. Thus, a marketing plan for one product might be very different than that for another product.

Marketing activities include “inbound marketing,” such as market research to find out, for example, what groups of potential customers exist, what their needs are, which of those needs you can meet, how you should meet them, etc. Inbound marketing also includes analyzing the competition, positioning your new product or service (finding your market niche), and pricing your products and services.

“Outbound marketing” includes promoting a product through continued advertising, promotions, public relations and sales.

One Definition of Public relations

Public relations includes ongoing activities to ensure the overall company has a strong public image. Public relations activities include helping the public to understand the company and its products. Often, public relations are conducted through the media, that is, newspapers, television, magazines, etc. As noted above, public relations is often considered as one of the primary activities included in promotions.

One Definition of Publicity

Publicity is mention in the media. Organizations usually have little control over the message in the media, at least, not as they do in advertising. Regarding publicity, reporters and writers decide what will be said.

One Definition of Sales

Sales involves most or many of the following activities, including cultivating prospective buyers (or leads) in a market segment; conveying the features, advantages and benefits of a product or service to the lead; and closing the sale (or coming to agreement on pricing and services). A sales plan for one product might be very different than that for another product.

An Example of the Definitions

The following example may help to make the above five concepts more clear. I recently read that the story comes from the Reader’s Digest, a quote found in “Promoting Issues and Ideas” by M. Booth and Associates, Inc. (Thanks to Jennifer M. Seher, participant in the CONSULTANTS@CHARITYCHANNEL.COM online discussion group.)

“… if the circus is coming to town and you paint a sign saying ‘Circus Coming to the Fairground Saturday’, that’s advertising. If you put the sign on the back of an elephant and walk it into town, that’s promotion. If the elephant walks through the mayor’s flower bed, that’s publicity. And if you get the mayor to laugh about it, that’s public relations.” If the town’s citizens go the circus, you show them the many entertainment booths, explain how much fun they’ll have spending money at the booths, answer their questions and ultimately, they spend a lot at the circus, that’s sales.

Learn More in the Library’s Blogs Related to This Topic

In addition to the articles on this current page, see the following blogs which have posts related to this topic. Scan down the blog’s page to see various posts. Also see the section “Recent Blog Posts” in the sidebar of the blog or click on “next” near the bottom of a post in the blog.


For the Category of Marketing:

To round out your knowledge of this Library topic, you may want to review some related topics, available from the link below. Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been selected for their relevance and highly practical nature.


Marketing Committees and Public Relations Committees

Hand working on a marketing strategy on a laptop

Marketing Committees

© Copyright Carter McNamara, MBA, PhD, Authenticity Consulting, LLC.

Vast majority of content in this topic applies to for-profits and nonprofits. This book also covers this topic.

Developing, Operating and Restoring Your Nonprofit Board - Book Cover

Marketing Committees Committees

The purpose of the Board Marketing Committee is to ensure ongoing, high-quality marketing. “Marketing” is the set of activities to cultivate useful relationships among key groups of stakeholders, including to provide sufficient value to – and get sufficient value from – each group. That requires getting information in from those stakeholders (doing inbound marketing) and providing information out (doing outbound marketing) to those stakeholders. Inbound marketing is often done in the form of market research. Typical annual recurring goals of this Committee would be to ensure:

  1. The most suitable and descriptive overall public brand desired by the organization. (This might be done by a Public Relations Committee that is focused on marketing, not a particular product or service, but the entire organization.)
  2. Development and implementation of a Communications Plan regarding all relevant groups of
    stakeholders. For each group, the Plan would specify activities, such as:

    • The desired image and/or influence that the organization wants to have with that group.
    • How that result will be accomplished with that group.
    • Who will work to accomplish it, how and by when.
  3. Development and implementation of a Promotions Plan for each product or service, with activities similar to the above three.
  4. All relevant forms of social media are used to full advantage in public relations and promotions. Progressive Committees are developing and implementing Social Media Plans.

The Committee should have a work plan that itemizes these, or very similar, annual goals and also associated objectives with each goal such that when the objectives are achieved in total, they also will have achieved its respective goal. When committees do not have work plans, they often flounder in finding valuable and focused means to provide value to the Board. Unfortunately, in these situations, many Board mistakenly conclude that “committees do not work”, or they reduce the number of committees, thinking that inactive committees were because there were too many — rather than realizing that committees can be extremely useful when focused on the most important annual recurring goals.

Additional Perspectives on Marketing Committees


Also consider
Related Library Topics

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In addition to the articles on this current page, also see the following blogs that have posts related to this topic. Scan down the blog’s page to see various posts. Also see the section “Recent Blog Posts” in the sidebar of the blog or click on “next” near the bottom of a post in the blog. The blog also links to numerous free related resources.


›Return to All About Boards of Directors



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For the Category of Boards of Directors:

To round out your knowledge of this Library topic, you may want to review some related topics, available from the link below. Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been selected for their relevance and highly practical nature.


Basic Guide and Free Resources for Using Social Media

Hand holding a phone showing the different social networks on its screen

Basic Guide and Free Resources for Using Social Media

Sections of This Topic Include

Introduction
What is Social Networking?
What is Social Media?

How to Get Started With Social Media
Which Social Media Tools Should You Use?
What Are Uses of Social Media?
How to Get Started With Social Media

Communicating on Social Media
Whom Will You Communicate With?
How Will You Communicate It?

Social Media Plans and Policies
Build Your Social Media Plan Right From Scratch
Plan How to Evaluate Your Social Networking
Social Networking Policies

Example Use: Social Media for Marketing
Social Media for Marketing – Part 1 of 2
Social Media for Marketing – Part 2 of 2

Social Media Tools
Categories of Social Media Tools
Major Social Media Tools
Other Popular Social Media Tools
Social Media Management Tools

Online Reputation Management
How to Monitor Your Reputation
How to Fight Back When Needed

Get Help from Experts in Social Media?

Also consider
Computers
Marketing
Marketing On-Line
Networking
Public and Media
Relations

Related Library Topics

Learn More in the Library’s Blogs Related to Social Networking and Social Media

In addition to the articles on this current page, also see the following blogs
that have posts related to Social Networking and Social Media. Scan down the
blog’s page to see various posts. Also see the section “Recent Blog Posts”
in the sidebar of the blog or click on “next” near the bottom of a
post in the blog. The blog also links to numerous free related resources.

Library’s
Career Management Blog

Library’s
Coaching Blog

Library’s
Human Resources Blog


Introduction

What is Social Networking?

MarketingTerms.com
defines social networking simply as “The process of creating, building,
and nurturing virtual communities and relationships between people online.”
So social networking is the broad type of networking that so many of us consider
networking to be; however, it is conducted virtually via tools on the Internet.

Online social networking is viewed by many as the next new paradigm in personal,
professional and organizational networking and marketing. The following link
provides a broad overview of social networking.
Social
Networking (Wikipedia)

The social network is a vital resource for organizations and is accessible
to us all. Organizations can usually control the assets that they use, but who
controls the social network?
Who Owns the Social Network?

What is Social Media?

Whatis.com
defines social media as “the collective of online communications channels
dedicated to community-based input, interaction, content-sharing and collaboration.
Websites and applications dedicated to forums, microblogging, social networking,
social bookmarking, social curation, and wikis are among the different types
of social media.” So essentially social media refers to the tools that
used in social networking.

This article helps you to take a broader — but more conversational
— view of social media.
28
Telling Responses to 27 Things About Working in Social Media

Here are some articles that explain why social media is so important to organizations.
How Social Networking Has Changed Business
Company
Culture: It Cannot Run and It Cannot Hide (from Social Media)

How to Get Started With Social Media

How to Get Started With Social Media

It can seem overwhelming to think about even where to start, especially because
it seems that social media can be used for so many applications — and because
the number of tools seem to expand so rapidly. Fortunately, a lot of the advice
about getting started seems similar to advice about starting other ventures:
start with planning. That is the topic in the next section, but for now, it
will help to read some advice about getting started.
17
Tips For Getting Your Small Business Started With Social Media

Getting Started with Social Media
6 Essential Steps for Executing Your Social Media Strategy
How
To Get Started In Social Media

What Are The Uses Of Social Media?

As with any widely used set of tools, it is sometimes difficult to know where
to start when using the tools. As you can imagine, the uses of social media
are vast. Perhaps the most visible use is for networking with friends and family.
Many of us are also used to thinking about social media as being used for marketing,
public relations, advertising and promotions, and research for a wide variety
of purposes. People also enjoy immediate access to a wide variety of news media
and journalism about current events.

However, more recently, the tools are also used to cultivate citizen participation,
including to enlighten citizenry about various social causes, as well as to
mobilize and organize citizens to have a strong voice in their communities and
nations.
What
Are the Uses of Social Media?
More
Uses of Social Media

As beneficial as social media has been, there have also been a variety of negative
uses and impacts.
The
Negative Impact of Social Networking Sites
How
Social Media is Bad for You
Social
Media Overload: When is Enough Too Much?

Which Social Media Tools Should You Use?

Start by taking a broad view of your most important needs in addressing your
strategic priorities. For example, is it most important now to expand your markets
and products? If so, then use market research to identify new markets and use
product development to produce products and services for those new markets.
In that situation, use social media tools that have has a large number of users
in order to pose your research questions across a broad range of people, for
example, use Facebook and Twitter. If, on the other hand, your most important
priority is to cultivate stronger relationships with your customers, then you
might use Twitter to regularly send short messages to them. So before you start
selecting which tools to use, first you should determine what “success”
even means.
What Does Real Social Media Success Look Like?

So to best identify which tools to use, it is important to:

  1. To do planning to know what are your most important strategic needs now?
  2. Think about “success” means, for example, what goals would be
    achieved.
  3. Consider the categories of social media that most closely match your needs.
  4. Consider some of the most popular tools in that category.
  5. Perhaps get some quick expert advice to narrow down your choices.
  6. Start simple, but start.

The remaining subtopics will help you to select the best tool to use.


Communicating on Social Media

The most important part of using social media is not selecting the right tool.
It’s knowing whom to write to and what to write to them.

Whom Will You Communicate With?

Think about:

  1. The different groups that you want to communicate with, for example, customers,
    suppliers, investors/funders, collaborators, community leaders, researchers,
    etc.
  2. What do you want each group to believe about you and/or your organization?
  3. What messages need to be conveyed to each group in order for them to believe
    that?
  4. How does each group prefer to get their communications, for example, short
    emails or tweets, brochures, research reports, etc.?
  5. Who will communicate to which groups, how and by when?

Put the answers to those questions into an overall communications plan that
you begin to implement.

How Will You Communicate It?

People know that first impressions are extremely important. That is true not
just in in-person communications, but in writing, as well. The following links
are to articles to help you ensure that your writing is high-quality.

Building Blocks of Composition

Vocabulary
Spelling
Grammar

Writing Process

Planning
and Organizing
Writing
for Readability
Formatting
Your Writing
Getting
Starting With Writing
Reviewing
Your Writing

Writing Online

Email
versus Voice
Email
Writing
Netiquette
Styles
of Writing
Writing
for Readability




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Social Media Plans and Policies

Build Your Social Media Plan Right – From Scratch

© Copyright Lisa
Chapman

How to Reach Your Target Audience

In addition to your primary site, social media sites leverage your messages
online. The wonder of social media is that it naturally connects people who
have similar interests. You want to reach your friends, and your friends’
friends.

When you engage in discussions online through social media, your message can
even “go viral”, gaining momentum and reaching well beyond your
friends’ friends. The ultimate goal of an internet marketing campaign
is to create a meaningful message that reaches its target audience and is virally
spread to others who are interested in the topic.

Social Media Plan Fundamentals

Build your social media presence and interaction very deliberately. Certain
basic fundamentals will make your social media efforts most rewarding:

  • Write down your business goals.
  • Find and listen to the conversations that are already taking place online
    about you, your products, your competitors, and your competitors’ products.
  • Find and listen to your ideal customers’ needs. Remember, when you
    offer a solution that solves a pressing problem, fulfills an urgent need,
    or gives them hope and joy, people will eagerly buy it.
  • Choose key social media sites for your target niche and establish your online
    profile.
  • Integrate those sites for maximum exposure, brand-building, and traffic.
  • Engage in conversations.
  • Build your network or following. Build your email database.
  • Track and monitor activity and results.
  • Tweak to continually improve results.
  • Repeat.

Listen, Engage, Add Valuable Content

A site that allows users to interact and add content (comments, links, photos,
video, etc.) is social. Use first person. Make your interaction sound and feel
genuine. The people you meet online will be attracted to you (and what you offer)
when you add helpful, meaningful input. If you’re new to social media,
it is widely recommended that you first LISTEN to the conversation in order
to become familiar with its unique style and flow.

Also see
Gotta
Have A Social Media Strategy
How
To Create a Successful Social Media Campaign

A Worthwhile Social Media Strategy Always BEGINS with Goals
Social
Media Strategies
Want to Lead Corporate Social Strategy? Read This

Getting Social Media Right: A Short Guide for Nonprofit Organizations
21 Ways Non-Profits Can Leverage Social Media
The
Nonprofit Social Network Benchmark Report – Highlights and My Two Cents

When to Stop and When to Keep Going with Your Social Media Strategy
5 Social Media Blunders That Prevent Brands From Showing a ROI

Planning How to Evaluate Your Social Networking

Remember when you first started planning how to use social media, using the
guidelines near the top of this topic? Guidelines suggested that you identify
what “success” really means. Now is when you can evaluate whether
that success is being met or not.
10 Social Media Metrics for Nonprofit Organizations
5 Essential & Easy Social Media Metrics You Should Be Measuring
Measuring Social Networks
The Klout Score, a Way to Measure Online Influence
Evaluating
Online Activities: Online Action Should Create & Support Offline Action

Social Networking Policies

© Copyright Lisa
Chapman

Blogs, comments and social network postings are very important in businesses’
marketing tactics. They attract audiences and begin to build relationships of
trust and engagement. But employee posts can also inadvertently cause PR nightmares
for business, if even ONE errant post goes viral and causes negative word of
mouth.

Legal Risks of Employees’ Social Media Use

When using social media, companies are exposed to many serious risks from multiple
angles, including:

Defamation
Copyright
Anti-trust issues
Inappropriate use by staff
Intellectual property rights
User generated content
Employment practices

Don’t let your marketing and communications teams run ahead without due
diligence and risk management controls.

EXAMPLE Social Media Policies

Let’s take a quick look at a few companies’ policies and guidelines
on employee use of social networking. The policy excerpts below offer highlights
of their own in-house guidelines:

Yahoo’s Blog Policies – Belief Statement

“Yahoo! believes in fostering a thriving online community and supports
blogging as a valuable component of shared media.”

Mayo Clinic’s Employee Social Media Policy

“The main thing Mayo employees need to remember about blogs and social
networking sites is that the same basic policies apply in these spaces as in
other areas of their lives. The purpose of these guidelines is to help employees
understand how Mayo policies apply to these newer technologies for communication,
so you can participate with confidence not only on this blog, but in other social
media platforms.”

City of Seattle

“To address the fast-changing landscape of the Internet and the way residents
communicate and obtain information online, City of Seattle departments may consider
using social media tools to reach a broader audience. The City encourages the
use of social media to further the goals of the City and the missions of its
departments, where appropriate.”

Many companies are quite explicit, with well-defined, formal rules. Others
adopt a more open, lenient culture.

Why You
Need a Social Media Policy

How
Can Companies Craft the Best Social Media Policies?

Global
Study: Business Policy and Risks of Employee Social Media Use

How to Develop a Social Media Content Strategy
Is Your Social Networking Policy Illegal?
Who Owns the Social Network?
How
to Avoid a Social Media Lawsuit

Your
Organization Needs a Social Media Policy


Example Use: Social Media for
Marketing

Back to Basics: Social Media for Marketing
– Part 1 of 2

© Copyright Lisa
Chapman

Simple Steps will Integrate Social Media into Your Traditional Marketing Plan

As a marketing and small business consultant (https://www.linkedin.com/in/golisachapman/
and social media consultant,
I am continually astounded at how SLOW small business managers really are in
understanding, budgeting, and integrating online marketing into their traditional
marketing plans. Lots of lip service, very little action.

I realize that this is old news, but if this post motivates even a just handful
of small businesses to actually START their trek into online marketing, I will
be thrilled.

For those of you who have already started – congratulations, and please
read this in the spirit of checking yourself. Have you covered the basics?

Why is Social Media Marketing Important?

Traditional marketing has changed and will never be the same.

  • Technology allows consumers to mute or skip TV commercials – and
    they do.
  • Newspaper and all print circulation is dying. Ads do not get our attention.
  • One-way “push” messaging is now viewed as offensive and hype-ish.
    Bad for the brand.
  • Consumers are overwhelmingly ‘over-messaged’. We are all OVERLOADED.
  • Consumers do not trust traditional marketers anymore.

Consumers Demand More Attention

Online, consumers have a voice. If a company’s product or service doesn’t
match their marketing claims, WATCH OUT! Disgruntled and disenchanted consumers
now have the power to publish all of their harsh and unedited opinions –
anytime they want to! Once published online, those messages are likely permanent,
and business has no control over the backlash.

Consumers want and demand that:

  • Their voice be heard and ACKNOWLEDGED.
  • Companies be accountable for mismatched promises and actions.
  • Their peers be involved in the most powerful ‘word-of-mouth’
    ever.

Business Can Take Action and Benefit Enormously

Think of it like this: social networks are actually a democratic form of business!
Customers vote with their opinions. Business has a gigantic opportunity to directly
impact their customers online, engage them, and develop a real relationship
of TRUST that will be stronger and longer-lived.

Businesses of all sizes MUST adopt and USE a social networking and social media
marketing strategies NOW – or risk being left in the dust.

Back to Basics: Social Media for Marketing
– Part 2 of 2

© Copyright Lisa
Chapman

Integrate Social Media Marketing – Brand Advocates

When companies engage their audience and develop online relationships with
real authenticity and trust, they have an exciting opportunity to make those
individuals volunteer advocates of their brand!

Business has never had a bigger vehicle for positive word-of-mouth advertising.
Fun campaigns can go ‘viral’ and trigger momentum like never before.
This takes some strategic planning by management, and some genuine understanding
of social networks. It’s a new culture that MUST be embraced by the entire
organization, from the top down.

7 Steps to Start Strategizing – Target and Engage Your Online Audience

  1. Gather together a company team to strategize social media marketing. Include
    a cross-section of top management, sales, marketing, customer service, and
    a knowledgeable social media marketing individual (bring in a consultant if
    you don’t have this expertise on staff.)
  2. Convene this group for a minimum of four hours. Bring the current marketing
    plan. Ask everyone, “Does our (product or service) delivery match our
    marketing message?” If not, STOP. You must solve these problems before
    you can mount a successful social media marketing strategy/plan/campaign.
  3. Discuss and decide on your marketing and advertising goals. Do your current
    marketing and advertising efforts achieve them? If so, challenge the team
    to set higher goals, and brainstorm ways that social media marketing can be
    implemented.
  4. Identify online communities where your ideal customer congregates or searches.
    For example, if you are a local business, Google: “(your city) directories”
    to find local directories in which you should be listed.
  5. Make sure that you have searched and settled on specific keywords and keyword
    phrases that you use consistently in all of your online content.
  6. Establish 2-6 online “properties” (all optimized for your keywords)
    such as; at least one website, blog, social network site, and directory. The
    more places you exist online, the greater your chances of being found!
  7. Brainstorm online campaigns that help you achieve your goals. Remember,
    social media is effective ONLY if you have an end in mind. Otherwise, it’s
    fun, but can be a waste of time and precious resources.

Hundreds of creative possibilities exist, depending on your time, budget and
goals. Have fun with this!

Also see
Building
Your Brand with Social Media
The Social Graph
Small Business Social Media Marketing – 3 Success Stories
10
Laws of Social Media Marketing
Use
Social Media to Increase Sales
Plan
and Build Your Social Media Presence

How
To Make A Social Media Campaign Go Viral
Social
Media, Hot Marketing and Nobody is Listening
Is
Marketing on ALL Social Media Sites Necessary?


Social Media Tools

Categories of Social Media Tools

Before selecting which tools to use, it helps to get some perspective by considering
the different overall types (or categories) of social media tools and what each
is used for.
Seven
Key Categories of Social Media Marketing Tools
Clearing
Clouds of Confusion – the 5 Categories of Social Media Software
Different
Categories of Social Media Tools

Major Social Media Tools

Although there has been a recent explosion of new tools, the following tools
are some of the more popular for you consider.

Blogging

A blog is an online journal of information about a certain topic. The blogger,
or owner of the blog, writes or publishes regular “posts,” or articles,
about the topic. Posts vary in size from 100 words to 1,000 depending on the
nature of the topic. The posts might be published once a month or even once
a day, depending on the blogger’s time and energy for the blog.

A blog is a powerful means for the blogger to establish relationships with
stakeholders by sharing his/her opinions and expertise on a regular basis. Stakeholders
could include, e.g., customers, investors, employees, community leaders, collaborators
and suppliers. The stakeholders read the blog posts to learn more about the
topic and even more about the blogger.

Business Blog FAQ
Advice for New Bloggers
7
Blogging Mistakes That Small Businesses Make

Blogging
for Your Online Business

Blogging:
The Spiders Say It’s Time You Got Started

Use Email Marketing to Grow Your Blog
5 Tips on Business Blogging With Minimal Resources
The Short Post Vs. The Long Post. Who Will Be Victor?
Blog Posting Frequency Overview
Backup
Your Blog

Your
Blog

How
to Find Endless Topics for Blog Posts

Here’s a link to a list of directories, each of which lists many blogs about
various topic.

Directories
of Blogs About Management Topics

LinkedIn

LinkedIn is sometimes described as a “social networking service for adults”.
It’s a very useful tool for quickly informing people about your professional
experiences, skills and interests. You also can use LinkedIn to conveniently
network with others who have similar backgrounds and interests. Compare LinkedIn
to Facebook, below, which tends to be about more informal topics, such as personal
background, interests, family, hobbies, friends, etc.
LinkedIn
LinkedIn (Wikipedia)
LinkedIn
– Social Networking for Professionals

The
Missing Link (myspace for adults)

LinkedIn
Criticism

How to Grow Your LinkedIn Network
5
Tips for Individuals to Help Companies Get More Out of LinkedIn

LinkedIn
Company Pages
Leveraging Social Networking Sites to Generate Business

Facebook

People can join Facebook to share information about themselves or their organization.
Information about themselves tends to be rather informal — more so than LinkedIn.
Organizations increasingly use Facebook as a public relations tool, to inform
the public about the organization.
Facebook
Facebook (Wikipedia)
Criticism
of Facebook

Using
Facebook to Capture Customers

How to Use Facebook to Drive Higher Sales
How
to Create an Effective Company Facebook Page

Facebook
Marketing Q & A – The Essentials for Small Business Social Media Marketing

Facebook:
Convert Personal to Business

What
is a Facebook “Like” Worth? Part 1 of 2

What
is a Facebook “Like” Worth? Part 2 of 2

Instagram

Instagram is a free tool for sharing videos and photographs. Research shows
that a large percentage of people prefer to communicate visually rather than
by reading. Instagram is very useful for people who prefer visual communications,
especially via their smartphones. Research also shows that people are immediately
more affected by images than by words.
Instagram
Why
is Instagram so Popular?
9
Reasons Instagram Will Overtake Facebook
What
is Instagram and Why Is It So Popular?

Twitter

Twitter is a social networking site that allows the author to quickly share
messages, or tweets, of up to 140 characters and with huge numbers of people.
While 140 characters might seem quite limiting, an increasing number of people
and organizations use Twitter to share opinions and even to advertise products
and services. Some news organizations use Twitter to quickly broadcast up-to-the-minute
news items.
Twitter
Twitter (Wikipedia)
Five Ways Twitter Can Help You Conquer Distraction
Five Things Wrong With Twitter When It Comes to Marketing
How to Twitter and Get More Followers
Why Should I Be on Twitter and What Should I Do First?
Twitter
Mistakes to Avoid

Twitter
No-No’s

Emergency
Twitter Tips

Twitter
Wit: Is It Time for Subtle?

Nine
Specific Ways to use Twitter for your Business

YouTube

YouTube provides a forum in which people can show videos about a broad range
of subjects, including about themselves and their organizations. The videos
usually include audio/sound, so YouTube is a very quick, convenient, low-cost
way to broadcast information about yourself and your organization. It’s viewed
by millions of people.
YouTube (Wikipedia)
Mashable (about social networking
tools)

How
to Use YouTube for Marketing Your Business

Other Popular Tools

When determining the most popular tools, it is important to know what type
of tool that you are looking for. For example, in 2019, Facebook has the largest
number of users, followed by YouTube, WhatsApp, Messenger, WeChat and Instagram.

The
7 Biggest Social Media Sites in 2019
Top
15 Most Popular Social Networking Sites and Apps [2019]

21 Top Social Media
Sites to Consider for Your Brand

65+ Social Networking
Sites You Need to Know About

Social Media Management Tools

There are so many tools that there now are social media management tools for
managing the many tools that you might use.

The
7 Best Free Social Media Management Tools in 2019

The 9
Best Social Media Management Apps in 2019
13 of
the Best Social Media Management Tools

The 25
Top Social Media Management Tools for Businesses of All Sizes


Online Reputation Management

Social media permits you to expose your values, opinions and activities to
a much wider audience than ever before. While that comes with many benefits,
it also comes with a price. You have to be more diligent than ever before in
monitoring how others are perceiving you and what they are saying about you.

How to Monitor Your Reputation

In effect, your online activities create a reputation about you as much as,
or more, than your in-person activities. That has spawned a new field of practitioners
who help you manage your online reputation.
What
is Online Reputation Management?
Free
Social Media Monitoring

Why
is Social Media Listening Important?

Reputation
Management (vast resources)

How to Fight Back When Needed

When something negative is said about you, it can seem impossible to “un-ring
that bell” because that information can spread like a wild fire. However,
as more people have suffered from negative publicity, more tools and methods
have sprung up to deal with these situations.
Protecting
and Repairing Your Online Reputation
Fight
Back with Social Media

Reputation
Management (vast resources)


Get Help from an Expert in Social Media?

You might consider getting the advice of an expert in social media. If you
have followed the guidelines in this overall topic, then you can already provide
a great deal of very useful information to the expert, which will likely decrease
the amount of time needed from that person, as well as decreasing the fees that
you would pay.

How
to Hire The Perfect Person To Run Your Social Media
Read
This Before You Hire A Social Media Expert
5
Musts Before Hiring a Social Media Specialist

Also see
How
to Successfully Hire and Work With an Excellent Consultant


For the Category of Social Networking:

To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.

Related Library Topics

Recommended Books


All About Sales

Sale spelt out with 3D letters

All About Sales

Sections in This Topic Include


Foundations for Successful Sales

Sales Process and Sales Pipeline

Planning Your Sales Strategy

1. Generating Leads – Using Sales Channels

2. Qualifying the Client — Is Client a Prospect?

3. Sales Interviews and Presentations With Prospects

4. Sales Proposals and Negotiations

5. Closing the Sale

6. Account Maintenance and Management

Miscellaneous Perspectives — and Challenges and Pitfalls

Managing Yourself for Successful Sales

Managing Sales Activities and Sales Force

General Resources

Also consider
Related Library Topics

Learn More in the Library’s Blogs Related to Sales

In addition to the articles on this current page, also see the following blogs that have posts related to Sales. Scan down the blog’s page to see various posts. Also see the section “Recent Blog Posts” in the sidebar of the blog or click on “next” near the bottom of a post in the blog. The blog also links to numerous free related resources.


Foundations for Successful Sales

What is Sales?

Before learning more about how to do successful sales and selling, it’s important first to get a sense of what sales is, so you can more accurately understand the guidelines, tips and tools provided throughout this topic. Also, it’s useful to understand different viewpoints about sales, especially so you can more accurately understand how your clients talk about sales.

Also consider
Marketing (scan the subtopics to understand Marketing)

Understanding the Sales Process (Sales Pipeline)

There is a general, overall process that successful sales people follow, although there are different perspectives on that process, including names for the various steps along the way. The next major section in this topic includes more detailed guidelines, tips and tools for each stage of one perspective on the sales process, or sales pipeline as some people refer to it.

Understanding the Sales Cycle

The sales cycle is often referred to as the time it takes to do the sales process mentioned above. Timing is critical because the faster and shorter the sales cycle, the faster that more revenue is generated, customers are satisfied and more customers can be gotten by the organization.

Value of Product Knowledge

There’s an old saying that a “good salesman can sell anything.” That’s not so true today when the nature of products and services can be highly complex and the nature of customers and clients can be highly demanding. Yet there’s an ongoing argument about which is best — product knowledge or sales skills.

Also consider
Product Development

Useful Knowledge and Skills to Have in Sales

You don’t have to read all of the resources referenced from the following links. Rather, a quick scan will give you an impression of the different types of knowledge and skills to start learning over time. Perhaps for now, realize that there’s more to being a good salesperson than learning the sales process and sales cycle. Many of the following are also more directly associated with other subtopics in this overall topic of Sales.

Useful Business Skills for Salespeople

Useful People Skills for Salespeople

Understanding Types of Clients and How to Engage Them

Also consider

Types of Clients

Multi-cultural Customers and Sales

Also consider
Diversity and Inclusion




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Planning Your Sales Strategy

Your sales strategy is the approach you have designed to powerfully describe your products and services to your current and potential customers, so that they appreciate their benefits to them and thus, are more inclined to purchase them from you.

Your sales strategy should be associated with a variety of methods to guide current and potential customers through the typical sales pipeline (described below). Methods might include, for example:

  1. Qualifying prospects, that is, deciding which prospects are most likely to become customers
  2. Contacting them via communication channels that are most suitable to them
  3. Effectively describing, or pitching, the product or service to them
  4. Closing the sale, that is, getting formal agreement from each customer to buy the product or service
  5. Ensuring follow-up activities, for example, strong customer service to ensure strong customer satisfaction

Sales Process and Sales Pipeline

1. Generating Leads — Using Sales Channels

A lead is a potential customer. (Later, in the sales process, you will qualify the lead to determine if he/she is a prospect, that is, is someone who is very likely to buy from you.) Sales channels are the methods by which salespeople and customers communicate with each other. The resources that are referenced in this subtopic usually give advice about how best to use a particular channel in sales, but don’t go primarily with that advice — also follow the guidelines in each phase of a sales process, so that you’re following guidelines in a systematic manner.

Direct Postal Mail (Sales Letters)

Also consider

Email

Also consider

Face-to-face

Also consider

Internet and Web

Also consider

Social Networking

Also consider

Telemarketing (Phone)

Also consider

Trade Shows

2. Qualifying the Client — Is Client a Prospect?

Once you have a list of leads, you need to qualify them, that is, you need to assess whether they are likely to buy your product or service based on, for example, their needs and wants, match between their needs and wants and the nature of your products and services, key decisions by the decision makers, ability to pay and preferences for the timing to buy. A qualified lead is a prospect. (Depending on the nature of your product or service, you might be asked to provide a proposal, even without having an opportunity to more carefully qualify the lead. In that situation, you can skip to the section Proposals.)

First Impressions and Establishing Rapport With Leads

Also consider

Understand the Needs and Wants of Each Lead — Ask the Right Questions

One of the worst approaches now is to start “pitching” or pushing your product or service. Instead, learn more about the lead, especially by asking useful questions. Here’s where the guidelines in the previous topic Understanding Types of Clients and How to Engage Them are especially useful because you’ll need to really understand more about the lead in order to discern if they are a prospect, if they are likely to buy from you.

Also consider
Skills in Questioning

Getting to Decision-Makers

Often, the person you first contact is not the person who ultimately will decide whether to buy from you. So even if the first person really likes your product or service, it’s as important that you influence the real decision maker. Many times, that person is a very busy upper manager who does not want to be bothered by someone trying to sell something to him or her.

Following-Up With Potential Prospects

Effective follow-up shows you are thorough in your work and are sincerely committed to working with the prospect. Also, your follow-up often reminds the prospect of your initial contact– a contact that they might have forgotten in their busy work lives.

3. Sales Interviews and Presentations With Prospects

Effective Sales Presentations

Also consider
Presenting

Convincing the Customer and Dealing With Objections

Also consider
Power and Influence

4. Sales Proposals and Negotiations

Proposals and Sales Letters

If you have been successful in prospecting the lead and the prospect indeed is interested in your product or service, then you might be asked to provide a proposal that provides more information about your organization, its products and services, and how you would work with the potential client. The client also might be asking several vendors to provide proposals, so that the client can have more choices from which to choose.

Negotiations

Often, your proposal or sales letter is the first time that the client really absorbs the details of the opportunity that you’re bring to him or her. It’s not uncommon that the client wants to modify certain terms or pricing. Thus, it’s useful for you to have at least some basic skills in negotiating.

Also consider

5. Closing the Sale

The closing process is getting the commitment of the prospect to buy your product or service. The close is when the client has committed. It represents the close, or ending, of the sale process. However, many would assert that the sales process really doesn’t end there, rather the sales process continues to ensure a strong, successful relationship with the client even after a contrast has been signed.

Techniques for Closing

Sales Contracts

Also consider
Business Contracts

6. Account Maintenance and Management

What’s Account Maintenance and Management?

Also consider
Management

Customer Service

One of the main responsibilities in this phase of the sales process is responding to the needs and questions from customers. This phase also is where you can learn a lot about how well your product or service is meeting the needs of customers, and about any changes that you might want to make to those products and services. The following link is to many other links about customer service.
Customer Service

Customer Satisfaction

The ultimate goals of a sales process should be customer satisfaction. Without that, the revenue won’t follow. The necessary learning won’t follow about how to continue to improve products and services,
about how to innovate to produce new products and services. The following link is to many other links about customer satisfaction.

Also consider
Customer Satisfaction




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Miscellaneous Perspectives — Challenges and Pitfalls

Various Philosophies of Marketing and Sales

Before reading the following links, the reader is encouraged (if he or she has not yet) to scan the subtopics in this overall topic to get a sense of the activities required in sales and the order of those activities. This is in lieu of trying to learn about sales primarily be reading numerous different perspectives
and opinions. Do come back to read some of the following after getting an overall impression of sales.

Challenges and Pitfalls


Managing Yourself for Successful Sales

Staying Motivated

Also consider
Motivation

Keeping Positive Attitude

Also consider
Attitude

Organizing Yourself

Also consider
Organizing Yourself

Managing Your Time and Stress

Also consider


Managing Sales Activities and Sales Forces

Sales Staffing and Training

Also consider

Sales Forecasting and Goals

Also consider

Motivating Sales Force

Also consider

Measuring and Evaluating Sales Effectiveness

Also consider

Compensating Sales Force

Also consider
Benefits and Compensation


General Resources

Resources Providing Many Resources

Glossary and Dictionaries About Sales

Free Tools and Templates


For the Category of Sales:

To round out your knowledge of this Library topic, you may want to review some related topics, available from the link below. Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been selected for their relevance and highly practical nature.


Public Relations, Media Relations and Reputation Management

Team members brainstorming for business ideas

Public Relations, Media Relations and Reputation Management

© Copyright Carter McNamara, MBA, PhD, Authenticity Consulting, LLC.

Public relations activities aim to cultivate a strong, positive image of the organization among its stakeholders. Similar to effective advertising and promotions, effective public relations often depends
on designing and implementing a well-designed public relations plan.

The plan often includes description of what you want to convey to whom, how you plan to convey it, who is responsible to convey it and by when, and how much money is budgeted to fund these activities. Similar to advertising and promotions, a media plan and calendar can be very useful, which specifies what media methods to be used and when. One of the more recent, important public relations activities is maintaining — and sometimes restoring — a strong public image on the Web.

Sections of This Topic Include

Also consider
Related Library Topics

Learn More in the Library’s Blogs Related to Public Relations, Media Relations and Reputation Management

In addition to the articles on this current page, also see the following blogs that have posts related to Public Relations, Media Relations and Reputation Management. Scan down the blog’s page to see various posts. Also see the section “Recent Blog Posts” in the sidebar of the blog or click on “next” near the bottom of a post in the blog. The blog also links to numerous free related resources.


General Resources


For the Category of Public Relations:

To round out your knowledge of this Library topic, you may want to review some related topics, available from the link below. Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been selected for their relevance and highly practical nature.


Telemarketing

A smiling customer service worker on a call

Telemarketing

Sections of This Topic Include

Various Perspectives on Telemarketing
Telemarketing Problems

Also consider
Related Library Topics

Learn More in the Library’s Blogs Related to Telemarketing

In addition to the articles on this current page, see the following blogs which
have posts related to Telemarketing. Scan down the blog’s page to see various
posts. Also see the section “Recent Blog Posts” in the sidebar of the blog or
click on “next” near the bottom of a post in the blog.

Library’s Marketing Blog
Library’s Public and Media Relations Blog


Various Perspectives on Telemarketing

Basics and Future

Telemarketing Etiquette
also see “Selling Over
the Telephone”

Dialing for Dollars: Telephone Skills that Matter

Also consider
Advertising
and Marketing laws

Appreciative
Inquiry

Customer
Satisfaction

Customer
Service

Feedback
Interviews
(exit interviews, by media, for a job, selecting job candidate
and research method)

Listening
Presenting
Non-Verbal Communications
Questioning
Sales

Telemarketing Problems to Avoid

Telemarketing Fraud
(Wikipedia)

Do Not Call Registry
Telemarketing
(advice from the FBI)

General Resources

Standards
for the Teleservices Industry: The Time is NOW

American Teleservices Association,
with another extensive list of information

Continue to Learn in the Library’s Marketing Blog

The Marketing blog is hosted by an expert in marketing who writes two posts
per week, including from guest writers. Learn from those posts — even consider
writing an article yourself!

Free Management Library’s
Marketing Blog


For the Category of Marketing:

To round out your knowledge of this Library topic, you may want to review some related topics, available from the link below. Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been selected for their relevance and highly practical nature.

Related Library Topics

Recommended Books


Market Pricing — What Price Should You Charge?

Hand holding a signage on a yellow background

Market Pricing — What Price Should You Charge?

Sections of This Topic Include

What is a Pricing Analysis?
Pricing Strategies
Additional Perspectives on Determining What Price You Should
Charge

Also consider
Related Library Topics

Learn More in the Library’s Blogs Related to Market Pricing

In addition to the articles on this current page, also see the following blogs
that have posts related to Market Pricing. Scan down the blog’s page to see
various posts. Also see the section “Recent Blog Posts” in the sidebar
of the blog or click on “next” near the bottom of a post in the blog.
The blog also links to numerous free related resources.

Library’s Marketing Blog
Library’s Public
and Media Relations Blog


What is a Pricing Analysis?

© Copyright Carter McNamara, MBA, PhD

Marketing should include pricing analysis to decide how much to charge customers
for a product or service and how that charge should be done, for example, as
a fixed fee, sliding-fee scale, discounts or monthly payments.

Several major factors influence the pricing for a product or service. Strategic
goals greatly influence pricing. For example, if the business really wants to
get into a new market, then it might charge lower than usual prices in order
to generate more customers who buy the service. The business might consider
changing pricing if the demand for its products are very high or low. Competitor
pricing also has a great effect. If competitors are charging much less, then
the business might do well to lower prices. Similarly, if the competitor is
charging much more, then the business might consider increasing its own prices.

In this pricing analysis, consider: Is your business recouping your costs (time,
money, materials, etc.) to provide it? Is it affordable to customers? What about
volume or other forms of discounts? What should be the new prices, if any? How
do you know?

Pricing Strategies

© Copyright Rolfe Larson

Figuring out how to price your products or services is often very challenging,
especially for a new venture. Yet you need a pricing strategy for your business
plan, to determine your break-even point and profitability, and of course to
launch your business. Here are some tips on how to make that decision:

Ultimately, the right price is usually the highest price customers will find
attractive — that is to say, that they will find meets or exceeds their
value expectations for the product or service you’re offering to them.
That’s much easier said than done, so let’s start with some steps
for getting there.

First, Determine Your Unit Costs

Generally this should be relatively easy. What will it cost you to purchase,
produce and sell your products? You may not know the precise figure, but you
should have a pretty good idea by the time you write your business plan. Generally
speaking, that represents your price floor; sell below that and you lose money.
Next, determine how customers value your products

This is where market research is needed. The good news is that customers will
tell you how much they’ll pay — if you can find the right way to
ask. You can’t just ask them directly, for tons of research show that
what they say and what they’ll do are two completely different realities.
But what you can do is find out what they pay for more or less comparable things,
and how they value various attributes of your product or service, particularly
those different from your competitors. Be sure to study the pricing strategies
of your competitors. Not necessarily to imitate but to recognize that your customers
will be comparing what you offer (product, price, service) with what they offer.

Here are several of the most common pricing strategies:

Penetration Pricing

This is the low-cost approach, where you initially offer a price lower than
your competitor’s for the purpose of attracting price-sensitive customers
quickly. The downside of course is that you squeeze your profits; indeed in
many cases new ventures choose to price below cost to bring in those early customers.
The logic is that over time you become more efficient and can take advantage
of bulk purchasing of raw materials, such that you begin to achieve profitability
at that low price. The other downside is that your competitors might just match
your price.

Premium Pricing

This kind of pricing is coupled with providing superior benefits or service
compared to your competitors, to justify that higher price. Sometimes a premium
price will be charged for some products to attract customers who want that premium
quality, with other products are priced lower to attract those who are more
value-focused. A related pricing strategy is called Complementary Pricing, or
Loss Leader Pricing, where you charge and promote a super low price for one
product to bring folks “in the door,” but then “upsell”
them for something else more expensive at the point of sale.

Price Bundling

This is a common strategy for getting customers to buy more of your products,
by offering a deal for buying a package. Purchase internet access along with
your phone service for a discounted price. This strategy can be very effective
in that the customer perceives value, while the provider increases sales and,
ideally, a long term customer who spends more for each purchase.

New Customer Pricing

Sometimes called experience pricing, this involves offering a low initial price
for new customers, occasionally below cost, to get customers to “try”
your product. It’s a one-time price, offered in hopes that while they’ll
come in for the low price, they’ll come back for the high quality. This
is sometimes done with special coupons, and, in today’s world, is often
facilitated by group purchasing services such as Groupon.

Additional Perspectives on What Price You Should
Charge

Pricing
Products and Services Accurately

Selling
a Price Increase: 9 Things Not To Do

Market
Price (Wikipedia)

Top 10 Pricing Mistakes
Case Study: How to Raise Prices

The ABCs of Pricing
Pricing Strategies (Part 1)
Pricing Strategies (Part 2)

Learn More in the Library’s Blogs Related to This Topic

In addition to the articles on this current page, also see
the following blogs that have posts related to this topic. Scan
down the blog’s page to see various posts. Also see the section
“Recent Blog Posts” in the sidebar of the blog or click
on “next” near the bottom of a post in the blog. The
blog also links to numerous free related resources.

Library’s
Marketing Blog

Library’s
Public and Media Relations Blog


For the Category of Marketing:

To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.

Related Library Topics

Recommended Books


Positioning: Deciding and Conveying Your Unique Selling Position

A business man making a sales presentation

Clarifying Your Unique Selling Position — Your Best “Elevator”
Pitch

Sections of This Topic Include

What is a Unique Value Proposition (and Unique Selling Proposition)?
Your Best Elevator Pitch
Various Perspectives on Unique Selling Propositions

Also consider
Related Library Topics

Learn More in the Library’s Blogs Related to Unique Selling Position

In addition to the articles on this current page, see the following blogs which
have posts related to Unique Selling Position. Scan down the blog’s page to
see various posts. Also see the section “Recent Blog Posts” in the
sidebar of the blog or click on “next” near the bottom of a post in
the blog.

Library’s Marketing Blog
Library’s Public
and Media Relations Blog


What is a Unique Value Proposition (and Unique
Selling Proposition)?

Positioning includes identifying the unique market position, or “niche”,
for your organization. Positioning is accomplished through market analysis.
Market analysis includes finding out what groups of potential customers (or
markets) exist, what groups of customers you prefer to serve (target markets),
what their needs are, what products or services you might develop to meet their
needs, how the customers might prefer to use the products and services, what
your competitors are doing, what pricing you should use and how you should distribute
products and services to your target markets.

Various methods of market research are used to find out information about markets,
target markets and their needs, competitors, etc. It’s very useful to articulate
a “positioning statement” or “unique selling position,”
which articulates what is unique about your organization and why people should
buy from you, rather than from your competitors.

Some people differentiate between the unique selling proposition and the unique
value proposition. They assert that the former is focused on the value to the
seller (it’s to sell a product or service). They assert that the latter unique
is focused on the value to the customer — to the benefits or value that he
or she will gain from using the product or service. They assert that the latter
cultivates a more

Your Best Elevator Pitch

© Copyright Lisa
Chapman

How do you cut through the sheer marketing clutter and make your mark on your
prospects’ minds? Create one distinct, memorable message that you use at every
opportunity.

Core Marketing Message

Every business needs to distill their message down to an effective core marketing
message that each employee can deliver comfortably at a cocktail party, and
becomes the foundational message in company literature, videos; essentially,
all advertising or promotion. It is also called your elevator pitch, and it
focuses on solving your customers’ pain or problem.

Info You Need to Prepare to Develop Your Elevator Pitch

You can spend days or even weeks in this process, but we’re going to make it
really easy for you. To get right down to the point, first answer these questions
– IN WRITING:

  1. Profile your ideal target customer/customer. Include demographics and lifestyle
    choices.
  2. What PROBLEM, PAIN, or challenge does this target customer face?
  3. What SOLUTION does your product or service deliver for this problem or pain?
  4. What PROOF do you have, such as a customer success story?
  5. What makes you different from your competition? (It MUST be a difference
    that matters to your customer.

How to Develop Your Elevator Pitch

REMEMBER THIS: DO NOT start talking about your product or service and what
you do. Read that sentence again. INSTEAD, start talking about your customers
and how you help solve their problem and ease their pain.

Imagine that you’re asked, “What do you do?” Here’s how to respond:

  1. Start with who you work with; “I work with small business owners and entrepreneurs…”
  2. Continue by telling about their pain or problem; “…who need help taking
    their business to the next level…”
  3. PAUSE. WAIT FOR A QUESTION OR RESPONSE.
  4. Tell them about a customer you’ve worked with and the results you achieved;
    “…For example, I’ve worked with a 5 year old family business that needed a
    business plan to raise money for expansion…”
  5. This could lead to more conversation about problems & solutions.
  6. Tell them your solution and what makes you different; “…we get very good
    results, and have been told by venture capital investors that our plans are
    among the best they’ve ever seen.”

Now you have opened the conversation to focus on problems, and even if they
can’t benefit, they may know someone who can!

This approach is a natural to develop the company’s core marketing message
for all advertising and promotion.

Various Perspectives on Unique Selling
Propositions

Positioning
Unique Selling
Proposition

A Complete Guide to Product Positioning
Unique Selling Proposition

Small Business Marketing
The
Luxury Brand Effect: Should BMW Sell Ketchup?

Your
Best Elevator Pitch

The key to your introductions is a Unique Value Proposition
Setting
Yourself Apart — Unique Selling Proposition

 


For the Category of Marketing:

To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.

Related Library Topics

Recommended Books


Marketing: Planning and Strategizing

Marketing strategy book on a desk

Marketing: Planning and Strategizing

Sections of This Topic Include

Rules of Marketing: Old Vs. New
Makin’ the Marketing Strategy Happen!
Additional Perspectives on Market Planning

Also consider
Related Library Topics

Learn More in the Library’s Blogs Related to Market Planning

In addition to the articles on this current page, also see the following blogs
that have posts related to Market Planning. Scan down the blog’s page to see
various posts. Also see the section “Recent Blog Posts” in the sidebar
of the blog or click on “next” near the bottom of a post in the blog.
The blog also links to numerous free related resources.

Library’s Marketing Blog
Library’s Public
and Media Relations Blog


Rules of Marketing: Old Vs. New

(The following article also addresses public relations — the opinions in the
article apply to both marketing and public relations. Note that many people
would assert that public relations is a form of outbound marketing.)

© Copyright Lisa
Chapman

What is Marketing? What is PR?

You’ve likely heard it before – in the digital world, “The
lines have blurred between Marketing and PR.”

What does that mean? How have the lines blurred? In order to answer these questions,
let’s take a look at the OLD versus the NEW rules of Marketing, as proposed
by David Meerman Scott in his bestselling
book, The New Rules of Marketing and PR.

The OLD Rules of Marketing

The message was delivered ONE-WAY, and CREATIVITY was the secret sauce that
commanded the audience’s attention. Among the fundamental concepts of
the OLD marketing paradigm:

  • Advertising was the core tool
  • The advertising message was generally crafted to appeal to the masses
  • Advertising INTERRUPTED the audience with a one-way message
  • Advertising engaged campaigns for a defined time period
  • Creators focused on creativity – and award-winning campaigns
  • Advertising and PR were different specialties, run by different people

The OLD Rules of PR

The ultimate goal: Spin a press release to capture reporters’ attention,
then get a clip of the story, to show that the message was viewed by the audience.

  • Media comprised the toolbox, in order to get the message out
  • A press release was the core tool
  • Only significant news commanded the attention of the media
  • It was all in “the spin” (or HYPE!)
  • Quotes from third parties were an important element of a press release
  • Press releases were meaningless unless a reporter decided that it was worthy
    of a story

The NEW Rules of Marketing and PR

Since the internet is now one huge publisher, ANYONE can learn how to create
compelling messages and publish them. Getting found online is the science and
art. A few of the new rules include:

  • People don’t want “spin” – they want authenticity
  • People don’t want to be interrupted anymore (it’s now called
    SPAM)
  • People don’t want to be ‘told’ (push marketing), they
    want to be heard
  • People want VALUE (content), which develops relationship and trust
  • Marketing and PR can reach niche audiences online in a wider variety of
    ways
  • Content is KING, and stays online, with no end to the campaign

The New TOOLS of Marketing and PR

It’s no longer TV, radio, newspapers, magazines, direct mail, etc. Meaningful,
valuable CONTENT is the vehicle that captures audiences’ attention. It
is now found on:

  • Websites
  • Blogs
  • Microblogs (Tweets)
  • Social Media platforms (Facebook.com, Myspace.com, etc)
  • Article Directories
  • Videos
  • Podcasts
  • Etc, etc etc!

Makin’ the Marketing Strategy Happen!

© Copyright Tove Rasmussen

Implementing a marketing strategy is a multi-faceted activity. A good marketing
strategy is driven by a clear, simple positioning statement. This makes it clear
to your employees and market, where the company is superior to the competition.
The marketing strategy encompasses the product or service offering, pricing,
promotion and distribution – or delivery of the product or service to
your customers.

So, the marketing strategy is all-encompassing. It drives product features,
time from order to delivery, logistics, research and development, customer services
— in short, it drives what is key for all facets of the business.

Consequently, implementing a marketing strategy involves so much more than
marketing. It involves the whole company.

How you implement the marketing strategy depends who you are in the organization.
Are you the president or the marketing director? If the organization has developed
a marketing strategy, both need to be aligned with the strategy, on-board and
enthusiastic.

The implementation of the marketing strategy can begin with the development
of the marketing strategy. The organization can be involved or informed of the
status of the development of the strategy. The input of operations, regulatory
and sales can be part of the information that is used to develop the strategy.

Or the strategy can be developed by the management team, and rolled out to
the company once it is completed. The extent to which each approach works, depends
a lot on the issues involved with the strategy development, the culture of the
company, and the buy-in to the plan by the company as a whole.

If, for example, operations was asked for an opinion, it is very important
to close the loop, and let operations know what happened to the input. How it
was used in developing the plan and, if possible, how the input affected the
final strategy that was developed.

If the plan is being rolled out with no input, then it is critical for the
department heads to consider the expected response from their teams, and to
ensure the potential issues will be addressed. If unexpected issues are raised,
it is critical to research these issues and respond to them. However, the key
is to effectively demonstrate how the plan is in the interest of each department,
in particular, the growth of the company. Information that provides confidence
in this result is essential to provide, and an inclusive, enthusiastic, confident
tenor of the meeting is important.

However, it is much more than one roll out meeting, or several roll out meetings.
Implementation includes the informal discussions in the hall, during chance
encounters, in regular meetings. People will absorb the information, and come
up with excellent questions that need to be taken into account.

There is, of course, the formal implementation of the strategy as well. It
will translate into objectives for performance evaluations, possibly organization
shifts and changes.

As the company moves through the changes, focus on gaining some small wins
first. This increases confidence in the new strategy and increases momentum.
Keep it forefront in the company, stay positive and flexible.

Additional Perspectives on Market Planning

Definition of Strategic Market Planning
Planning Your Market Strategy
How to Write a Marketing Plan
Market Planning Worksheet
Sample Marketing Plan
Target
and Market to Your Audience

Makin’
the Marketing Strategy Happen!

Understand
your Buyers’ Behavior: The Key to Effective Promotion

Products and Market Planning
Revisiting and Revamping Your E-Marketing Plan
First Steps to Marketing a Small Business
Learning How to Make Market Segmentation Work Again
What
Gandhi taught us about business planning

Steve
Harrison: Publicity Power

Sample
Marketing Plan

Strategic
Marketing

Marketing Ideas

Inexpensive Marketing Ideas For Small Businesses
100 Awesome Marketing Ideas You Can Use Right Now
Why Nonprofits Need a Digital Marketing Plan (applies to for-profits, as well)

10 Best Digital Marketing Ideas And Strategies To Grow Your Business
Top 25 Digital Marketing Tips & Ideas From The Pros


For the Category of Marketing:

To round out your knowledge of this Library topic, you may
want to review some related topics, available from the link below.
Each of the related topics includes free, online resources.

Also, scan the Recommended Books listed below. They have been
selected for their relevance and highly practical nature.

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