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Added for You - The Surprise Inside!
Profitable Marketing Programs Part 2: Figuring Break Even Point t Deal”), along with a business reply card that asked questions tied to the new equipment. The second was a similar box containing a glass jar (engraved with the manufacturer’s logo, of course). Inside was a brochure and note thanking the recipient for responding. Throughout the year, the company sent candy to refill the jars.In Part 1 -- http://www.websitemarketingplan.com/online/profit.htm -- I discussed how to consider both long term and short term profitability in your marketing programs and assumptions that go into conducting a break even analysis. Here in part 2, I will look at three different break even formulas.Figuring Break Even PointTo figure the break even point, you should know the program’s expected response rate, the The best promotional idea I’ve heard recently comes from one of our clients. After learning the post office will deliver just about any shaped item, their highly creative sales associate mailed miniature pumpkins to a targeted list (picture those Acquiring Quality Logos - Logo Design Guru Think about all those Cracker Jacks you ate as a kid. What’s your lasting memory? I’m guessing it’s not the taste, but the surprise inside – that tiny package that contained a simple puzzle, brain teaser or temporary tattoo. Today, I still glance over my kids’ shoulders reliving fond memories every time they open one.Quality logos are the foundation of marketing and promotional techniques for business. Among the characteristics associated with high quality logo design are uncluttered images and text, and minimal colors. The McDonald’s logo, “Golden Arches”, is a great example of an uncluttered logo that is simple, effective and widely recognized. Size is another characteristic which underlines the quality of a logo. Big or small, a quality logo h The goal of promotional marketing for your small business is to put a smile on the face of the recipient, and give them something to remember you by when you call. It goes beyond the traditional postcards and newsletters approach. It’s 3-D, and it provides perceived value, regardless of the cost. Few people will unceremoniously toss out a box without checking first to see what’s inside. Similarly, if the envelope has a lump in it, people are likely to open it and take a look. That hope of hidden treasure makes folks pay attention. Success Handler Action: If you’re thinking about including promotional items in your marketing campaign, here are some things to consider. (If your small business is selling promotional items, use this as a value-add to help your customers define their goals): What do I hope to accomplish and what response am I looking to receive? Where possible, quantify the expected results: “We’ll send this to 150 targeted prospects, follow-up with every one by phone within three weeks, and set sales appointments with 20.” Who am I going to reach? Determine your perfect target audience. Is it your current prospect and/or customer list, members of the Chamber, a purchased mailing list, or some other group? Be specific. With your team, brainstorm some creative ideas that might attract potential customers. Choose a theme that best supports your products and services, and your image. Identify every component of your promotion: action steps, timeline, responsibility assignments and how you’ll follow-up with prospects. Create a budget. Remember to include all costs and when they will be incurred. Let everyone know when the promotion begins so they can track results. Share progress with your entire team. Good Examples: An equipment manufacturer developed a two-part promotion to introduce existing clients to a new product line and upgrades. The first piece was a custom-designed box containing candy (“One Sweet Deal”), along with a business reply card that asked questions tied to the new equipment. The second was a similar box containing a glass jar (engraved with the manufacturer’s logo, of course). Inside was a brochure and note thanking the recipient for responding. Throughout the year, the company sent candy to refill the jars. The best promotional idea I’ve heard recently comes from one of our clients. After learning the post office will deliver just about any shaped item, their highly creative sales associate mailed miniature pumpkins to a targeted list (picture those Create a Culture for Success: How to Win Big Using 4 Small Steps s perceived value, regardless of the cost.What is a culture for success? How do we ensure that we get the best results from the people we work with or for? Many people think of success in organizations as belonging solely to the marketing dept – “we’ve brought in $10million in sales” or finance – “our stock price has doubled in the last six months.” But each of us is responsible for the success of our organizations.No matter what department we work in.Creatin Few people will unceremoniously toss out a box without checking first to see what’s inside. Similarly, if the envelope has a lump in it, people are likely to open it and take a look. That hope of hidden treasure makes folks pay attention. Success Handler Action: If you’re thinking about including promotional items in your marketing campaign, here are some things to consider. (If your small business is selling promotional items, use this as a value-add to help your customers define their goals): What do I hope to accomplish and what response am I looking to receive? Where possible, quantify the expected results: “We’ll send this to 150 targeted prospects, follow-up with every one by phone within three weeks, and set sales appointments with 20.” Who am I going to reach? Determine your perfect target audience. Is it your current prospect and/or customer list, members of the Chamber, a purchased mailing list, or some other group? Be specific. With your team, brainstorm some creative ideas that might attract potential customers. Choose a theme that best supports your products and services, and your image. Identify every component of your promotion: action steps, timeline, responsibility assignments and how you’ll follow-up with prospects. Create a budget. Remember to include all costs and when they will be incurred. Let everyone know when the promotion begins so they can track results. Share progress with your entire team. Good Examples: An equipment manufacturer developed a two-part promotion to introduce existing clients to a new product line and upgrades. The first piece was a custom-designed box containing candy (“One Sweet Deal”), along with a business reply card that asked questions tied to the new equipment. The second was a similar box containing a glass jar (engraved with the manufacturer’s logo, of course). Inside was a brochure and note thanking the recipient for responding. Throughout the year, the company sent candy to refill the jars. The best promotional idea I’ve heard recently comes from one of our clients. After learning the post office will deliver just about any shaped item, their highly creative sales associate mailed miniature pumpkins to a targeted list (picture those Marketing: Your Brand Is About More Than Just Good Looks omplish and what response am I looking to receive? Where possible, quantify the expected results: “We’ll send this to 150 targeted prospects, follow-up with every one by phone within three weeks, and set sales appointments with 20.”First let’s clear up a common misconception of what a “Brand” really is. A brand is more than just your company’s name or logo. It’s more than just a particular type of product you offer such as Q-tips brand of cotton swabs. It’s more than just the look of the packaging of your product. In a nutshell your ”Brand” is the culmination of everything your prospect’s 5 senses can pick up on about you.It’s the image you present a Who am I going to reach? Determine your perfect target audience. Is it your current prospect and/or customer list, members of the Chamber, a purchased mailing list, or some other group? Be specific. With your team, brainstorm some creative ideas that might attract potential customers. Choose a theme that best supports your products and services, and your image. Identify every component of your promotion: action steps, timeline, responsibility assignments and how you’ll follow-up with prospects. Create a budget. Remember to include all costs and when they will be incurred. Let everyone know when the promotion begins so they can track results. Share progress with your entire team. Good Examples: An equipment manufacturer developed a two-part promotion to introduce existing clients to a new product line and upgrades. The first piece was a custom-designed box containing candy (“One Sweet Deal”), along with a business reply card that asked questions tied to the new equipment. The second was a similar box containing a glass jar (engraved with the manufacturer’s logo, of course). Inside was a brochure and note thanking the recipient for responding. Throughout the year, the company sent candy to refill the jars. The best promotional idea I’ve heard recently comes from one of our clients. After learning the post office will deliver just about any shaped item, their highly creative sales associate mailed miniature pumpkins to a targeted list (picture those Position Yourself In the Market and Cut Down on Unnecessary Advertising services, and your image.Everyday I meet small business owners who delegate their marketing responsibilities to a third party and tell me “oh, our marketing guy handles that.”“Handle what?” I ask, then they usually tell me “oh our advertising and other stuff”.Whether you like it or not, whether you perform actively or passively, your business is always marketing.That’s not to say that you should “advertise” everyday. But it means Identify every component of your promotion: action steps, timeline, responsibility assignments and how you’ll follow-up with prospects. Create a budget. Remember to include all costs and when they will be incurred. Let everyone know when the promotion begins so they can track results. Share progress with your entire team. Good Examples: An equipment manufacturer developed a two-part promotion to introduce existing clients to a new product line and upgrades. The first piece was a custom-designed box containing candy (“One Sweet Deal”), along with a business reply card that asked questions tied to the new equipment. The second was a similar box containing a glass jar (engraved with the manufacturer’s logo, of course). Inside was a brochure and note thanking the recipient for responding. Throughout the year, the company sent candy to refill the jars. The best promotional idea I’ve heard recently comes from one of our clients. After learning the post office will deliver just about any shaped item, their highly creative sales associate mailed miniature pumpkins to a targeted list (picture those Restaurant and Bar Lucrative Business Secret Revealed! t Deal”), along with a business reply card that asked questions tied to the new equipment. The second was a similar box containing a glass jar (engraved with the manufacturer’s logo, of course). Inside was a brochure and note thanking the recipient for responding. Throughout the year, the company sent candy to refill the jars.I love foreign delicasies. Those oriental delights are some of the tastiest snacks I have ever eaten here in North America.Imagine the peanuts and chips you find at restaurant and bar scenes. Now what if you discover the joys of your local restaurant and bar are no longer restricted to the consumption of alcohol.North America is growing and so too are the ethnic communities within it. Visit any Chinatown, Little Italy o The best promotional idea I’ve heard recently comes from one of our clients. After learning the post office will deliver just about any shaped item, their highly creative sales associate mailed miniature pumpkins to a targeted list (picture those orange gourds that fit in the palm of your hand). They slapped a mailing label and postage right on the pumpkins and took them to the post office. In follow-up calls, they received an over-the-top recognition response, and, more importantly, made several new customers. With so many offers arriving in the mail these days, it takes creativity for your small business to stand out from the crowd and grab someone’s attention. Come up with the right promotional idea, and you may surprise your prospects and yourself. Copyright © 2004 by Success Handler, LLC. All rights reserved.
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