Archive for May, 2010

May 27 2010

The Reasons why most Marketing Plans fail

Published by Forkids Team under Marketing

Let’s face it, if you’re in business, you’re in marketing. What was true 50 years ago remains true today: nothing happens until something gets sold. And selling begins with effective marketing, but most marketing plans fail for two simple reasons:

1. They fail to capture the customers’ attention. As strange as it may seem, the big task is not simply getting your message out to customers. In fact, that doesn’t count for much. You can see the evidence for it everyday and everywhere.

Look at your mail, read newspaper or email ads. Most of what passes for getting the message out totally misses the mark. We’re flooded with messages – and most of them go right by us. Why? Because they focus too much attention on the advertiser – not the customer.

What purports to be a message is no message at all. It may tell your story but if it fails to capture the customers’ attention, it’s a waste of money.

2. Perhaps the most pervasive marketing problem of all is a lack of consistency. Everyone starts out with a bang. It’s going to be a great ad campaign or product promotion. Time, effort and money go into the projects. And where are they six months or a year later? More often than not, they’re either all but forgotten or already a memory. The success of marketing is not so much in award-winning ads and brochures as it is in keeping the program going.

Business owners have an enormous challenge when it comes to marketing. They almost never have the time to put together and implement a comprehensive marketing program – and, most importantly, to sustain the program consistently over a long period of time. Here are some tips to help you create a lasting marketing effort:

1. A little planning can go a long way. Your calendar is a potent marketing tool. Start with your deadline and work backwards writing down each step required to complete the marketing endeavor.

2. Get others involved. Very often marketing initiatives require coordinating with printers, designers and even your staff. Getting everyone on board ahead of time will save you a tremendous amount of aggravation.

3. Avoid the temptation to waiver from the plan. Results from your effort may take months to manifest so don’t give up too soon. Remember, consistency is an important factor contributing to a successful marketing effort.

   

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May 27 2010

Integrating your Promotional Marketing Campaigns

Published by Forkids Team under Marketing

Marketing companies exist to help you research and identify markets, research and understand competitors, build a plan for reaching consumers, building a strong value offer for customers, create brands, identify branding assets, design web sites and product packaging, establish and manage distribution channels, utilize marketing information systems, and design and manage advertising campaigns.

There was a time where a traditional marketing agency would handle every facet of a company’s marketing communications activities. From planning to implementation, they would be the middleman to make it all happen with outside vendors and publishers.

Today, most marketing companies specialize in these specific roles. While the complexity of marketing communications today requires technical and creative expertise, these often small agencies can?t quite put together an integrated marketing campaign. Marketing success today comes from establishing new markets, increasing sales, and maintaining customer loyalty.

The big shift from traditional marketing systems to the increasing use of Internet marketing is making business very difficult for small to medium-sized manufacturers who want to cut costs and handle their own distribution and promotion. There are providers of various channel services out there but there’s too many for a small company to manage. It?s understandable to try to do it yourself, however major players in the marketing industry, particularly large manufacturers that have opened their own stores along with major retailers favoring their own brands, are pushing small players aside. Major players have the distribution systems and sales information systems to make their marketing campaigns work smoothly and effectively. That efficacy simply drowns out smaller players trying to get retailer’s attention. They know what’s working and what isn’t right away and can respond quickly.

Marketing fulfillment is the process of delivering marketing materials through marketing distribution channels, along with providing sales training, and communicating with channel members to ensure the complete marketing campaign is carried out on time. Without this integration of marketing and promotional materials, and the coordinated timing of their delivery to retail and wholesale locations, the retail advertising campaign won’t achieve the results desired.

Retail marketing in particular is very competitive and each player or member in the marketing channel expects the best benefit they can extract from manufacturers and distributors. If a manufacturer or distributor can’t deliver the right payment or assistance, their products won’t be promoted by retailers as well. Without this paid empowerment of the marketing channel, the manufacturer’s goods may be ignored. Their marketing materials may be left in boxes and sales people will fail to deliver the appropriate information about their products to consumers. Communications is critical and must come from the manufacturer or value added distributor. Communications not supported throughout each stage of the channel will inevitably fail.

So in the realm of fulfillment marketing, it is the marketing company that can deliver all on all aspects of their advertising promotions from premiums and incentives right through to post sales support, will meet with success. It isn’t just a matter of greasing the channel with big money payments. Money can disappear fast without any benefit delivered. Channel members, particularly distributors and retailers must listen and fulfill their promotional agreements. They can’t always be left to do this on their own and there’s a need for clear leadership in this area.

Marketing channels today are shorter than they used to be, but they’re more complex. Even with online and electronic payment systems, marketing materials have to be created and distributed through larger distances and overcome stronger distribution barriers. Retail store networks for instance, may encompass many countries and each country will have its own physical distribution issues, language issues, and customs. Promotional products and incentives will need to be developed for specific geographical areas, different branding strategies will be needed, and even product packaging requirements will be different.

A Position of Strength
If you?re a marketing manager of a small to medium manufacturer and you?re currently distributing your products and promotional products through the same channels and you?re expecting your distributors to do your marketing for you, you probably know how ineffective it is. Things won?t get better. There’s no way to control such distant channel members and gain their continued cooperation. Competitors will be sure to analyze your distribution strategy and systems and find a way to crowd you out. By taking up your channel member’s time and energy, they can draw them away from doing a good job of promoting your products and brands.

The solution is to hire a promotional marketing company that has complete systems in place for designing your promotional campaigns and managing distribution and communications. These companies have strengths, capabilities and networks of distribution partners that can open up markets to your products. If new markets are not what you’re looking for, they can help better integrate your marketing efforts. That might be in the form of integrating and synthesizing traditional and new electronic promotions, or it may in the coordinated and timed distribution of your marketing materials from strategically placed warehouses. Their expertise in advertising promotions and after sales support can take your marketing to a new level of capability.

Expanding to new markets may scare you. One of the biggest impediments to growth in markets is marketing distribution. Effective marketers have this down pat and that integrated effort can eliminate regional brands trying to get a hold in new markets. They can shift resources at just the right time to make your promotions ineffective. If you?re coming from a weak distribution position, they can easily take advantage of it.

What you’ll need is a powerful ally to help you integrate your promotional marketing campaigns.

   

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May 27 2010

A little exercise that will help you find your Unique Selling Proposition

Published by Forkids Team under Marketing

Here’s a little exercise that will help you find your unique selling proposition.

1. First, you need to size up your competition. Who are they? What are they selling?

2. Now, let’s move on to your business. What are the features and the benefits of your product or service? List every last one you can think of. Remember, you are looking for benefits, not just features. A benefit is something your customers would find appealing about a feature of your product or service.

Let’s say you are selling a computer hard-drive with a 1 gigabyte storage capacity. That’s nice, and some people will understand what that’s all about. Others will not have a clue. So spell out exactly what that means to them. For example, “Our hard-drive has 1gigabyte of storage capacity, which means you can be as productive as you want with virtually no fear of filling it up. In addition, your computer will run at a lightening fast speed.”

I’m sure you can do even better. The point is, you need to translate the features of your product or service into benefits. Now this may seem obvious to you, but the best advertising spells everything out for its prospects.

So make sure to spell out exactly what your clients will get if they use your product or service. Will they make more money, take a step forward with their career, or lose weight?

What is the ultimate end goal a prospect interested in your product or service would probably like to achieve? Make sure you spell out how your product or service will help them achieve that. If there is more than one end goal, list each of them out. Different benefits will appeal to different prospects. And of course, you want to appeal to as many of your prospects as possible (however, you ultimately pick one or two for the USP – the rest of will be expanded on in your sales copy).

If you are having trouble coming up with benefits, try writing out all the features of your product or service. Then, next to each feature, write out why it is important. What does that feature mean to your prospect? These are your product’s benefits.

3. Next, let’s determine what unique qualities your product or service possesses. Circle all the benefits from the table above that separate your product or service from your competition. One thing you should realize is even if your product is virtually the same as your competition; you can still come up with a USP. Simply offer a guarantee, better service, better value, or faster delivery. Dig deep to find something that makes you stand apart.

Or create that special something right now!

4. Somewhere within the list of your benefits and features is the beginning of your USP. Write out 5 complete USP possibilities below. Eventually, select one of them (remember, you may always test it and change it later if it isn’t working).

   

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May 21 2010

Debt Relief Help questions you may have

Published by Forkids Team under Debt

This article will attempt to answer some debt relief help questions you may have. If you are like the typical American family, you have about $20,000-$30,000 worth of credit card or other unsecured debt. You have been paying the minimum monthly payments and watching your balance go nowhere. But you do have a good payment history, right? Then you hit a bump in the road. Your spouse loses a job, you get hurt and can’t work, or you get divorced. Face it, life is not perfect and everyone is bound to fall upon some hard times at least once in their lifetime. So, now you have all of this debt hanging over your head. Payments have fallen behind and you have quit answering your phone because it’s always another bill collector. So now what do you do?

The above scenario happens everyday to people of all walks of life. In fact, the credit card companies depend on it. High interest rates, over the limit fees and late fees are where they make all of their money. But regardless of what that rude bill collector has told you over the phone, you are not a bad person just because you can’t pay your debts.

It’s time to pick yourself up and find some debt relief help. The only way of solving your debt problems is to take action. I can 100% guarantee to you that sitting around worrying about how you will pay your debts, will not get them paid.

The first step in debt elimination is to get a clear picture of your debts. Get a piece of paper and write down all of your debts with the total amount owed. Next to that, write the monthly payment for each one. This may be the scariest thing you will ever do. Sometimes reality is not a pretty picture. But it is vital that you know where you stand so you can come up with a plan to get your debt under control.

Now that you have an idea of how much you owe, do some research. Get on the computer and research all of your options for debt elimination. Stay away from the bogus claims that you can erase your debt legally without having to pay a penny and there will be no repercussion taken against you. Scam artists use this tactic to prey on people who are in desperate situations and are looking for a fast and easy way out.

Do searches for debt elimination, debt consolidation and credit counseling agencies. Choose a credit counseling agency that is non-profit. Compare the services offered for debt elimination to find the one that fits your needs. Make sure you run them through the Better Business Bureau web site to see how many complaints, if any, they may have against them.

Find a good debt elimination program and stick to it. Everyone has tough times in their lives. But with a little bit of research and a lot of determination you can find debt relief help.

   

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May 21 2010

Having good Credit Rating Score

Published by Forkids Team under credit

Having a bad credit score rating means everything in today’s world. It is something that you don’t want if you plan to live life comfortable and as easily as possible. This is why many people work hard in order to have good credit rating score and prevent them from plunging in to a bad credit rating score.

You now ask what kind of things that you can benefit from by having a good credit score. First of all, a good credit score can increase your chances of getting the loan you apply for and secondly, it will help you get certain jobs and programs that will require good credit score. These are the two main reasons why you need a good credit score.

However, if you are plagued with bad credit score in the past, you now ask how you can get good credit score again or how you can repair your credit score. It is important to realize the fact that if you have a bad credit score, you will need to repair it as soon as possible before your credit score becomes much worse.

Repairing bad credit score will require you to have patience and also a little luck. It is something that you should do in order for you to live life comfortably and also a little easier for you and your family. By repairing your bad credit score as soon as possible, you will never miss out on any more great opportunities that will cross your path in the future.

Before you go on and start repairing your bad credit score, you first need to understand what credit is all about. You have to know how it can affect your life. For example, if you are in need of a loan, lenders will take a look at your credit rating to determine if you can be approved for the loan. A good credit rating will ensure the lenders that you pay your loans on or before the deadline and thus, will ensure them that you will be able to pay the loan you will apply for. The same applies when you are applying for a credit card.

Now that you know what it means to have a good credit rating, the next thing you need to do is to determine if you have a good credit rating or not. Surprisingly, not many people know if they have a good credit rating or if they have a bad credit rating. To know about your credit score, you can simply ask for it in several credit reporting agencies. They will be able to provide you with a numerical indicator of how much your credit rating rates and how much credit risk you are.

If the indicator says that you have a high score, this means that you have a good credit score, if you have a lower score, then it will indicate that you have a bad credit score and will be far more risky to get approved for loans.

So, if you have a bad credit rating, the first thing you need to do to improve your credit rating is to take care of old debts. By paying all your old debts, this will stop the creditors to stop making negative reports to credit reporting agencies.

This is the first thing you have to do in order to stop your credit score from getting much worse than it already is. By cutting the source of negative credit reports, you will be well on your way to getting a good credit score.

However, paying all your debts doesn’t necessarily mean that you will instantly get good credit rating. You have to remember that this will just stop it from getting any worse. Your old bad credit score will still be there. So, obviously the next step would be to start looking for ways to make some positive reports on your credit rating.

You can do this by applying for a credit card that is designed for people who have bad credit rating, such as a secured credit card. You should also start opening a new savings account or checking account. Always remember that you should pay your balance on time in order for you to establish a positive credit report.

Eventually, your old bad credit score will expire in time. Always keep paying your debts on time and your credit history will look better than in the past. However, it will usually take around 5 to 7 years for your old credit report with negative reports to expire. This is why patience is very important.

With patience, you will see that in time, your bad credit score will decrease and get rid of those negative reports that you had in the past. Always remember to keep paying your debts on time in order to continue have a good credit score.

   

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May 15 2010

Change the Look of Your Home Quick with Area Rugs

Published by Forkids Team under Product Reviews

No matter how much time we put into decorating our homes, one thing is clear: a house always seems to need a little updating in order to really make it interesting. One of the biggest worries that seem to come up when it comes to decorating is trying to find a way to do so quickly and by spending as little as possible. If you’re currently in that situation, you don’t have to feel like there’s no way to accomplish there goal. On the contrary, there is a quick solution that even the professional interior decorators start out with: area rugs. Indeed, you can really change the look of your home very quickly just by using area rugs.

There’s a reason why area rugs are so powerful — their design usually pulls the eye into the room, and since the rugs are so large, it’s hard to ignore them. The best part of all is that you can find plenty of cheap rugs if you know where to look — the Internet is a great source of cheap rugs from all over the world, with plenty of designs to keep you busy. Since the lower overhead allows for cheaper prices, you can get multiple area rugs for each zone of the house. The possibilities are truly endless!

Once you’ve selected the area rugs that you want, all you have to do after that is get them placed properly in your home. In order to prevent slip and fall accidents, you will need to make sure that your new area rugs are secured with double sided carpet tape and rug pads. Aside from addressing safety concerns, installing your new rugs won’t take you very long at all.

Indeed, changing the look of the rooms in your home quickly with area rugs really isn’t difficult at all. If you take the time to put these tips into action, you should have no problem getting exactly what you need for your home in virtually no time at all — get started today!

   

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