The 12 Marketing Days of Christmas
With the coming of Christmas many businesses usually stop, or at least slow down, around the 20th December. Very handily that gives us 12 days of Christmas before everyone returns on the 2nd January (although that may extend to the 6th – but there isn’t a 16 of anything around the festive season!). So for your delectation, here are our 12 marketing days of Christmas…
On the first day of Christmas my Marketing said to me: Thank you for the bus-iness
Thank your clients for the business they’ve given you this year. Whilst some of them may never use your product or services again, it doesn’t mean they won’t tell others who can. For those who continue to work with you, they will certainly appreciate the gesture.
One the second day of Christmas my Marketing said to me : How did you do?
If you don’t know how 2019 went business-wise, how can you set targets and make plans for next year? Review your 2019 performance to see what went well and what didn’t. What didn’t work is the most important piece here, as that is the current drain on time and money. It needs to be improved or it needs to be stopped. Either way, you have to know what needs to be worked on before you can fix it.
On the third day of Christmas my Marketing said to me: what can you do?
To implement a marketing plan that will hit your 2020 targets, you need to ensure those skills are available to you. That means:
1. Find out who has marketing skills within your business
2. Assess whether they have time to use them
After all, it they don’t have time, their normal work will take priority and your marketing won’t get done.
On the fourth day of Christmas my Marketing said to me: What do you want?
On the 2nd day or Christmas, you worked out how you did in 2019. Now, what do you want to achieve in 2020? If 2019 was a good year, compared to 2018, do you want the same level of growth or was that an exceptional year? Remember that continually achieving the same %age growth rate becomes harder and harder as the numbers get bigger.
If you don’t set targets for the business, you won’t achieve them.
On the fifth day of Christmas, my Marketing said to me: Show me money
It doesn’t matter how you slice it, you have to spend on marketing. That spend may be in the form of your time, but as time is money, it amounts to the same thing. You then need to take skills and opportunity costs into account. Whether you have the marketing skills available (the 3rd day) or not, can you earn more by working than it will cost you to pay someone to do your marketing? If yes, then outsource it and keep working.
On the sixth day of Christmas, my Marketing said to me: Can Cli-ents buy more?
Not many companies only sell one product or service. How many do you sell and which clients buy what from you? As your clients already trust you, it is far easier to sell to them than to prospects who don’t know you any better than they know your competitors.
Map your products and clients and see what opportunities there are to sell more to them. The bigger your share of their wallet, the harder it becomes for them to stop using your services – and assuming you’re doing a great job, they aren’t likely to anyway.
On the seventh day of Christmas, my Marketing said to me: Who’s your Ideal Client?
There isn’t a company on the planet who sells one product to everyone in the world. There are plenty of companies who sell lots of different products to lots of different people, but each product has a difference set of benefits and a different set of customers who need that product.
Heinz Baked Beans may be the only exception – selling over 540 million tins a year in the UK!
Having a clear picture of who your Ideal Client is will help improve your marketing in 2020.
On the eighth day of Christmas, my Marketing said to me: Put More Time A – Side
Working in the business, without regular time spent working on the business, will deliver what you’ve sold a little quicker, but will not help you achieve the targets you have for the business. You have to put time aside to review, assess and adapt your marketing plan if you are to achieve your business goals.
On the ninth day of Christmas, my Marketing said to me: Where’d you get your Leads?
Too many companies measure the wrong things when looking at their marketing. Do you, for example worry about the number of Likes and Followers you have or the number of people on your mailing list? If you do we’re sorry to say that they aren’t the most important numbers. Whilst a big mailing list can be good, you’re far better off with a small, but highly engaged, list. The number of Likes you have is superseded by the revenue generated from social media in the vast majority of cases.
Your marketing budget should be concentrated on what is driving new business and growth. To know what is working, you need to know where your leads came from. In the B2B sector, the easiest way to find out is to ask them. Then make sure you record this somewhere. If you would like a lead tracking spreadsheet, click here.
On the tenth day of Christmas, my Marketing said to me: Do you Have a Plan?
If you don’t have a plan, you cannot deliver that plan and it’s highly unlikely you will hit your business goals for the year. You are, broadly speaking, simply hoping you will hit your targets for the year. Does that sound like a good idea?
Developing a plan doesn’t mean spending days working out what to do, or committing huge amounts of money to marketing. A good marketing consultant will work with you to develop the right plan for your business. One that, as much as possible, fits your targets, your budgets and the skills/resources you have within the business. Of course a tiny budget and a large growth target rarely go together, so you may not get everything…
On the eleventh day of Christmas, my Marketing said to me: Who can Really Help?
If your marketing plan includes marketing channels you have little, or no, experience of, you need to find a supplier who can help. You want one with a great track record, one with experience in your sector and one you trust to deliver on their promises. As a Virtual Marketing Director, we help you manage third party suppliers to ensure they deliver on their promises. We have a good network of suppliers we know and trust and we can work with people you know and trust to. Using someone like us to help you manage your marketing means you have more time to concentrate on what you are good at.
On the twelfth day of Christmas, my Marketing said to me: Really get a-going
All the planning in the world won’t deliver a single new client unless you implement the plan. It is only by carrying out what you have agreed is your marketing plan for 2020 that will you achieve the goals you’ve set for the business. If you need more help than you originally thought (perhaps your marketing has been really successful and you have less time than you thought), better to spend a bit more of getting the assistance you need, than for your plan not to be implemented.