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When you have little or no money, it means you have to
outsmart the competition — not outspend them. How do you do that? By
understanding the marketing process, and the psychology that is employed
throughout that process. Once you do, then it’s a matter of applying
the process and psychology to any product or service you wish to sell.
Yes, it is this marketing process that is your formula
for success. It’s not hard. In fact it’s pretty easy. The only
reason you may have struggled with marketing at all, is that no one has
yet explained this simple psychological process. That’s what you’ll
learn in this book.
You’ll find it fast, easy-to-read, and fun, and the
whole thing is focused on the process, not the tools of marketing, as
most books do. (If you want the blow-by-blow, how to, hands-on marketing
stuff, read my first best-seller, Power Marketing for Small Business.
With its 38 worksheets, and step-by-step directions on how to perform
all the tasks necessary to develop and implement a marketing plan, it’s
a perfect compliment to this book.)
The emphasis of Marketing Without Money, is on
what will make you successful, not a blow-by-blow explanation of every
marketing tool or concept. It will also help you eliminate some of the
most common and costly errors most business people experience — some
that trigger their eventual demise. Marketing Without Money gives
you low-cost or no-cost action items throughout the book — things you
can do now to get more sales — without more money. And it's packed
with real-life stories that help you understand the various concepts and
processes better.
But, you know, this whole line of thinking reminds me of
a telephone call I received from a woman the other day. We were
discussing a business opportunity she was investigating. "How much
will I make" she asked. "Well," I responded, "that
depends on how hard and how smart you’re willing to work."
There’s nothing I’ve found in life that just spews
forth money. Hard work, education, and tenacity are all part of a
winning equation for most successful people.
But what happens, is that the entrepreneur, loving the
concept of what he or she does best, starts a business around that love
and knowledge. Most don’t know where to start, nor do they realize the
need for, a detailed marketing or business plan at this point.
So they start by what seems obvious. Advertising is one
of the more visible parts of marketing. The unknowledgeable entrepreneur
may grab some ads in an inexpensive publication thinking that they’ve
got a grasp on this thing called "marketing". But the ads fail
to produce results. And after a couple of tries, they’re abandoned for
what might be more fruitful approaches.
Next, they might get out and knock on some doors. Great
concept, but they really haven’t defined their product or service
well, nor are they prepared for any serious takers!
And then there are those who get a bit lucky. They do
some hustling. They close a few sales. Then they get busy producing the
work or the product, and oops, there’s no time for marketing anymore
— anyhow, we’re doing fine. Then the work gets done. The cash flow
dries up. And low and behold, they’re forced to get out there and
hustle again. The vicious cycle starts over again.
One entrepreneur asked a rather thought provoking
question just yesterday. "Why", he said, "when marketing
processes are so well tested, documented, and outlined for people, does
anyone ever fail?"
The fact is, most people think getting into businesses
is going to be simple. Nothing could be farther from the truth. As a
seasoned entrepreneur of over 20 years, I’m always learning. New
techniques, tools, and processes are always coming along that can make
my business more profitable. And no matter how good I am, I can always
learn from other people's examples, and especially their mistakes. I’m
an active learner. I personally think that’s a key to the
success of any entrepreneur.
I’m constantly amazed at how many business people
acknowledge that they have problems in their business, but are unwilling
to take the steps necessary to correct them — even if they’re free!
Well, it certainly baffles me.
Just last week an associate who operates the adult
education program for a large private university called. She told me
about a wonderful program for business owners in California that her
university was offering. It is a twelve part program of 2 hour sessions
that help business owners develop a comprehensive business plan. It’s
worth thousands of dollars if they were asking for payment, but this was
offered free. The only qualifying criteria was that the business owner
had to sign a contract to show up at all 12 sessions. Amazingly, they
can’t get enough enrollment to run the programs. Incredible! And any of the business owners who don’t take advantage, and
are out of business in the next year or two, deserves exactly that.
Operating a business takes a commitment to learn — day
in and day out. There are dozens of free or low cost education programs
in every market. Check with your local chambers of commerce, Small
Business Development Centers, Community Colleges, and Trade and
Professional organizations.
And don’t make excuses. If you’re reading a book
called Marketing Without Money, this is the first, and one of the
most important things you’ll ever do for yourself, and for your
business. It is your first step toward business success.
Once you’ve gotten some good information and education
on marketing, it’s time to make a plan.
Without a big bank roll, you can’t afford costly
mistakes. Planning takes much of the guesswork out of marketing by
eliminating some of the biggest, and most costly problems novice (and
experienced marketers for that matter) run into.
If you read this book, chapter by chapter, you’ll
learn the marketing "process". Understanding this process is a
vital part of your success as well. Many marketing books talk to you
about the tools you can use like networking, or public relations. But a
tool is only as good as one’s ability to use it at the right time in
the right way.
Understanding the process of marketing will allow you to
make magic with few or no tools. It’ll allow you to understand the
psychological drives of your prospects, so your personal communication
and sales skills work 100 times better. It’ll allow you to get leads,
make sales, and put money in the bank — without spending a dime in
many cases.
But we’ll focus on both no cost, and low cost
marketing in this book. Although I absolutely don’t believe in
spending a dime you don’t have to, when you do have some cash flow and
profits on a regular basis, you may find some wise investments in
marketing that will accelerated your growth.
So get ready. Marketing is fun — but
challenging. It’s complex — but so simple you’ll recognize that
you already use it everyday. It’s powerful — but it doesn’t have
to be pushy or abrasive. It’s dynamic — it’ll keep your mind alive
with ideas. And last but not least, marketing is ... OK, you fill in the
blank. By the time you’re done with this book, you’ll know how much
I love it!
Table of Contents
l Chapter 1
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