The 7 Most Common Marketing Mistakes
When marketing your product or service, you need to have a firm
understanding of your audience, the message you want to deliver,
the offer you're willing to make, and the optimal timing for
your marketing campaign.
Too often novice marketers, even marketing veterans, make costly
mistakes that result in poor performance of their marketing
campaign. Common marketing mistakes can be avoided with adequate
planning, attention to detail, and ongoing measurement and
evaluation.
If you're considering a traditional marketing campaign, an
Internet marketing campaign, or something that's never been
tried before, be sure to avoid these common marketing mistakes.
1. Timing. You may have a great list, a fantastic offer,
and even a well designed marketing piece, but if your timing is
off, so too will be your results. As an experienced marketer, I
have seen some very expensive marketing campaigns that were very
compelling but failed to produce results. This is because the
campaign reached consumers at a time in which they had no
interest in buying the product. For example, trying to sell snow
shovels in July would not be considered good timing.
2. Failure to Test Your Headline. As the first thing your
prospect usually reads, the headline is essential for luring
your prospective buyer into the message, your offer, and the
action you want them to take. Regardless of the medium, you
should continually test your headlines (or subject lines) by
running split tests and evaluating response. This ensures that
your marketing message attracts the largest number of
prospective buyers.
3. Failure to Test Your Offer. In direct marketing, the
offer is directly correlated to 40% of your response. If you
have the right offer, people respond. There are other factors to
consider as well, but providing a compelling offer is required
in most instances. Offers can range from discounts to "hurry
while supplies last", but the commonality remains. Test your
offers for optimizing response.
4. Having a Good List. Having the best offer and
award-winning design is not enough. For many types of marketing
campaigns, success is directly tied to having a targeted list.
With today's sophisticated list generation tools, you can
acquire lists that are highly segmented based on demographics,
psychographics, buying behavior, and many other characteristics.
The key here is not to be penny wise and pound foolish. If
you're wondering where to invest your marketing dollars, spend
them on developing a good house list (names you acquire on your
own) or by renting/purchasing a well segmented marketing list.
5. Relying on a Single Communication. On average,
consumers are hit with over 2,000 marketing messages everyday.
In fact, recent studies have indicated that consumers need to
see your marketing message an average of 12 times before they
take notice. If there is any truth to the claim in part or in
whole, it means that you must communicate to prospects on a
regular basis. Placing a single ad in the newspaper or sending a
single email cannot deliver effective results. Determine the
media that prospects use to gather information and develop an
ongoing campaign that works within your budget.
6. Not Measuring Campaign Effectiveness. Over time, your
business is going to do a lot of marketing. Even if you are a
small business wondering how you're going to communicate to a
prospective audience, you're going to eventually have some type
of communication. Regardless of the marketing campaign size or
expense, you need to track your results. This can be done with a
simple spreadsheet or a multi-million dollar CRM system. The
bottom line is you need to record what works and what doesn't so
that you can improve your results in the future.
7. Failure to Continue the Dialogue. After consulting for
a number of large companies, I'm still amazed at how many fail
to communicate to customers on an ongoing basis. Often times,
consumers or businesses only hear from the seller when its time
to buy again. If you have an established customer base, chances
are you've worked hard to acquire them. You should be spending
some of your marketing budget to retain them. Be sure to open a
dialogue with customers, solicit their feedback, and communicate
with them regularly. This will help to build your business over
the long-term.
If you're new to marketing, have experience as a marketing
professional, or simply want to improve your current marketing
results, be sure to learn from the mistakes of others. To be
successful, continually work towards improving your marketing
effectiveness. Avoid the 7 most common marketing mistakes, and
you're on your way to delivering tangible results.