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Bulls’ Eye Marketing

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April 14, 2009

Bulls' Eye Marketing

Creating a great product or service is probably the easiest part of entrepreneurship. You've got a great business and have made inroads into building your client base. The real challenge is marketing, and it's a challenge Maximum CRM can help you meet.

There are countless ways to go about it: direct mail, print advertisements in newspapers and trade journals, television and radio spots, billboards, the internet. Each method has some merit, but is it right for you and your product? More importantly, what does it cost? And most importantly, what return on investment does it offer? It's difficult to hit the bulls' eye with a shotgun. A well-aimed rifle is a better approach.

Advertising is certainly necessary, but it can be expensive. It's really expensive and a waste of your money if you aim at the wrong target or use the wrong weapon. You've heard the adage before: "Don't try to sell a drowning man a glass of water." So first things first: know your market.

It would be great if every single person on the planet loved and needed what you offer. No targeted advertising necessary. Everyone would be a potential client! You'll probably admit that there's a slim chance of that, so figuring out who's buying is paramount. Your existing client base will give you clues to that question, if not the outright answer.

Nowhere has technology had a greater impact than in data collection. As a marketer, your data base is your most valuable asset. It contains specific information about each of your clients - the ones who spend money with you or are thinking about doing so. What you know about them can keep them buying or get them to start.

Data collection doesn't need to be difficult. Maximum CRM (customer relationship management) automates the process and helps you keep track of it. After all, collecting all the data in the world is useless if you don't actually put the information to work. What's more, it's never too late to start even if the only data you've collected so far is your clients' addresses. Something as simple as a postal code can indicate where your clients are. Looking at that particular data indicates if they're geocentric to your physical location or not, and shows where you should or shouldn't advertise. It's the simplest first step to mining your data base.

Think about the information you could really put to use in your marketing efforts including things like buying patterns, average sales, responses to special offers, seasonal purchases. With that knowledge, your targeting becomes easier because you've got a sharp focus. If certain clients jump at every special offer, those are the ones to target with email blasts announcing "this month's promotion." Conversely, if ABC Company only buys in July when their new fiscal year starts, you're probably wasting money trying to sell to them in January.

The Maximum CRM system paves the way for you to collect, organize and use this powerful information. Think of us as providing you with a rifle and unlimited ammunition rather than a shotgun with only a handful of shells. With it, you can hit the bulls' eye every time, and every marketing effort will have an ROI and hit your bottom line. Take aim today at www.maximumcrm.com!



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