Monthly Archives: September 2014

The Seven Cardinal Virtues…Of Marketing

business angelA few weeks ago I wrote about the Seven Deadly Sins of Marketing and hopefully all of you sinners out there have repented. Given the response, I thought it might be good to talk about the flipside, the Seven Cardinal Virtues of Marketing. To paraphrase Abraham Lincoln, “Vices and virtues: Can’t have one without the other!” Anyway, as individuals responsible for the marketing activities of the organization, it’s worth reminding ourselves that we do have a responsibility to “behave” in a way that allows for the marketing function to perform its responsibilities in a manner that helps the company survive and thrive.

Patience

In today’s world of “needed it yesterday,” too many marketers see patience as something that can’t be accepted by the company because it’s “just not how we roll.”  Well, as a marketers we need to continue to be reminded that patience is a valuable skill and critically important to the growth of the company.  For example, staying the course of what the brand’s strategy is when you know it is the right course, rather than over-reacting to others’ activities. As well, patience guides how long to stick with your marketing message.  It may feel like it is old and stale to you but that’s because you’re exposed to it daily while prospects and customers aren’t nearly as familiar with it. That doesn’t mean you should keep repeating the same thing over and over again, especially if a better approach is required. Be patient with yourself and resist the temptation to compare your progress to that of others.  Hey, it takes some time to set up a lead generation and follow-up machine that will crank out good results month-after-month, right?

Diligence

Sometimes the best course is to apply a little dose of patience and sometimes one needs to persist and push through the challenge at hand. Be diligent in doing something every day to move your marketing and sales programs forward.  You can always do a bit more to optimize the website, create more content, tighten your message or figure out how to better add value to the selling process. Keep learning the new skills necessary to succeed in a changing marketing world.  Since the web is such a powerful awareness and lead generation tool, anything you can learn about how it works is helpful. With social media becoming an increasingly more visible component in your marketing efforts, be determined to write that blog post, send some tweets, utilize LinkedIn, etc., even when you don’t feel like it. You never know when your efforts will pay off.  In short, it’s keeping the brand’s finger on the pulse of the market, and working to respond properly to it.

Fortitude

News Flash! The marketplace is as fluid as water so the watchwords for the day are “Stay Alert and Stay Brave.”  “The Fast and the Furious” isn’t just a name of a movie series, it’s also how the Net moves. It can also describe competitive activities and certainly how your customers think and take action. Keep in close touch with those factors that will either lead you to success or be the things that will keep you up at night.  Do your best to stay up to date by doing the necessary customer and competitive research by seeing what is being written and said about you online from Epinions to Yelp and many more review sites. Remember, “not knowing” is just that and more than one company has been blindsided by bad sales results because they imagined they knew what was going on in the marketplace and what customers and prospects thought of them.  Sure they did.

Honesty/Justice

Customers know when companies are not being upfront or honest with them by what they see, read or hear in the marketing or advertising. They know when you’re trying to hide behind the small legal type or legal mumbo-jumbo.  And guess what?  As people who really dislike honesty, they bail…and they let others know about it as well.  Conversely, think like your customers: If you had a problem with an order and wanted it resolved, you’d want to be treated fairly—and so would they. Make sure that your marketing material and activities reflect a company who respects and values their customers…because we know that they’re not easy to come by.

Faith/Courage

Believe in yourself and what your company is marketing. Know that marketing does work, regardless of the naysayers throughout the organization from C-Suite to the folks in finance and sales. My business partner is quick to point out that marketing is a self- fulfilling prophecy: If you believe in it, you’ll commit to it, invest in it and give it time to work… and it will. Or, if you don’t really believe in it, you’ll hold back, and guess what? It won’t work, and you’ll be right as well. If we’re honest with ourselves, there are times when we’ve wondered if what we’re doing is really achieving the goals we’ve set forth. Realize that success usually comes only after setbacks. View failure as an unavoidable component of success.

Prudence

Planning and acting can be difficult for a lot of marketers who often fear looking indecisive or making a mistake when the firm’s future—or their job—is at stake. Making decisions that are politically expedient, that travel the path of least resistance or avoid confrontation are dangerous and often unproductive without thinking through the ramifications of the decision. And when that happen, like clockwork, a marketing problem raises its ugly head. To help with that, first listen to what others have to say because the right answer might possibly come from them….really. Second, judge with the information in hand. And then, once you judge the right thing to do, the next thing to do is act. Otherwise, what’s the point?

Chastity/Charity

It’s a virtue combination that in our everyday life we think is important….but is rarely acted upon in business.  Yes, as marketers we’re responsible for communicating a meaningful and unique value proposition that the brand alone can own and then making sure that the audience embraces it both emotionally as well as rationally.  But shouldn’t we also make sure that the brand contributes something meaningful to the market – or even better, the society? A brand should stand for something more than just the product or service that comes from a company. A reputation for being a good corporate citizen only comes through actions that don’t have an obvious ROI attached to it, such as sponsorship or participation in causes or activities that benefit the community because it’s a right thing to do. Think about how as a marketer this chastity/charity mindset could feed the soul of the organization.

As marketers, we realize that the marketplace brings with it many trappings and temptations that could lead us astray from doing the job that both we and the company expect. Recalibrating our thinking and actions to embrace the virtuous side of ourselves in a way that also benefits the organization will lead us to a better place. Let’s go and do good.  Your company and customers deserve it.

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Rolf Gutknecht is vice president, director of account services for LA ads. To discuss your thoughts with Rolf on this blog or any marketing matters, email via this link, or visit www.LAadsMarketing.com.  You can also connect with Rolf on LinkedIn.

The Seven Deadly Sins…Of Marketing

Not too long ago, I Seven Sins2watching a series on PBS about the Seven Deadly Sins (Wrath, Pride, Envy, Greed, Sloth, Lust and Gluttony) and things started churning in my mind.  So I decided to list my “Seven Deadly Sins of Marketing,” given what I continue to see taking place within marketing and marketing departments across all different industries.

Guessing

In the Dilbert cartoon series, Dilbert says that “marketing is just liquor and guessing.” Funny…but as we know, a bit simplistic. Yet, too many companies assume that there is absolutely no need to substantiate their beliefs about the marketplace, about what their prospects want, about why their customers are buying, about what people think of their brand, about most anything having to do with those whom they want to purchase their products or services.  Generally the thinking is that no one can know the marketplace as well as the company and the market will accept whatever you offer. Guess (pun intended) how that turned out for Kodak, Borders Books, TWA, and certainly some companies in your own industry!  Ask yourself, when was the last time that your company committed the time and resources to do some marketing research…qualitative, quantitative, ethnographic, etc.  And do it right.

Marketing by Committee (Indecisiveness)

I’m not sure why, but when it comes to marketing, everyone seems to have a say. Partners, staff, associates, spouses, and the janitor all want to give their two-cents. How about an accounting committee to help figure out where the credits and debits are posted? Or an office supply committee to pick out the colors of pens you order? Many executives forget that great marketing is not about what they like. Great marketing is about what works.

Committees, by nature, are full of compromises so solutions are usually watered down versions that will wind up doing little or nothing to accomplish your growth goals. Marketing by committee leads to lots of bad ideas and poorly thought out plans. Instead of bold strokes from the marketing brush, you get a sea of beige. And then it doesn’t work. Who would have thunk it! The solution is to decide on objectives and budget, and then write a marketing plan. Once the plan is approved, ONE person gets appointed within the organization to take on the role as “the decider.”  Empower him or her to make all the courageous decisions required to position your company to dominate your category.

Inconsistency

When different aspects of your marketing messages don’t reinforce each other, the inconsistencies alienate prospects and current customers. Inconsistent marketing distorts clear expectations, makes potential customers unsure of the characteristics of your products and creates unhappy customers who don’t get what they expect. These inconsistencies affect businesses by reducing both initial sales to consumers as well as repeat sales from dissatisfied customers. Also, be consistent with your marketing plan. Don’t stop running an ad, for instance, just because the first insertion didn’t ring your phone off the hook. Give your campaign time to work, but you also need to know when a change in direction is a good idea. Remember, people are not paying that much attention to you, but when they do, it helps if the message you’re saying now is similar to the message that they heard the last time.

Complacency

It’s out there right now. Lurking in the shadows of your success. It is the silent business killer that strikes without warning and can bring even the biggest and the brightest companies to their knees. What is this hidden terror? Complacency.  We all know it better as the dreaded “status-quo.” It generally takes the form of “whatever we did last year.” Except, things change. Your competitors are changing things up. Your customer’s needs are changing. The marketplace is changing.  A few things to avoid complacency: Keep looking in your rearview mirror to see what your competitors are doing. Listen to new ideas as the next big idea may not come out of your own mouth. And, strive to always do better even before you are forced to react to a competitor’s challenge.

Lack of Focus

Okay, so after reading articles by “experts” about how you should have a customer engagement program in place (so you can be more “customer-centric”), you’ve put your company on LinkedIn, YouTube, Facebook, Twitter, Google+, and Pinterest. Heck, you’re even ready to go when the next big social media platform launches. You’ve got your product literature online, and your Web site has a blog and videos. Not to mention all the offline activities ranging from tradeshow activities to advertising to PR, etc. But why did you believe you needed to be in ALL of these social media locations in the first place, and, just as importantly, who is making sure that all of these activities work together?

Narcissism
It’s ridiculous that I have to say this but the memo has not reached the desk of many marketers, so here goes: “It’s not about what your company wants to say but rather about what the customer wants to hear.” (I feel better having said it.) Look, if you want to market based on your personal preferences without regard for what works best with your prospects, that’s your prerogative.  But I’d suggest that your company’s marketing not be so self-absorbed. Remember, you don’t buy from you, others buy from you and they don’t care about your business and your troubles nearly as much as you do. Most people are tuned into Radio Station W.I.I.F.M. —“What’s In It For Me!” If your marketing message is all about you, then your customers won’t notice what you’re saying.  Please begin to “tune” into your customers, find out what they really want and focus your message on them.

Confusion

Maybe, just maybe, the deadliest marketing sin of all is not having one over-arching marketing strategy – and insuring its implementation through all your tactics.  Executing marketing tactics without having a well-developed integrated strategy is like leaving your roadmap tools at home and taking off on the drive without considering if you’ve chosen the right road. You wouldn’t haphazardly set off on an important trip in your car so why let it happen with regard to your company’s marketing activities. It’s easy to start with the “how” but if you haven’t identified the “what,” you may find yourself spending a lot of time executing tactics that don’t take you where you want to go and in so doing, you’ll be wasting time, resources and losing out on sales-producing opportunities. What is needed is one single integrated strategy that looks across all delivery platforms whether online or offline, print, broadcast, or mobile. Your customers don’t have an online self and offline self and neither should you. Think holistically about all your marketing initiatives.

Yes, there are more Deadly Sins that I could have talked about, like trying to be a “do-it-yourselfer,” or not measuring your activities, or saving yourself into bankruptcy, but the above are the Seven Marketing Sins I rank topmost.  Now, let us all go out and to the best of our ability, sin no more.

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Rolf Gutknecht is vice president, director of account services for LA ads. To discuss your thoughts with Rolf on this blog or any marketing matters, email via this link, or visit www.LAadsMarketing.com.  You can also connect with Rolf on LinkedIn.

 

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