Introduction: Outsmart Your Competition... Don't Outspend Them!
© 2002 - Jody Hornor
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Table of Contents

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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


A few years ago I was asked by the Denver Chamber of Commerce to do a research project. They wanted more information from business owners as to their needs, problems, and educational requirements.

A comprehensive survey was developed. One question was: "In what area of your business do you have the most difficulty?"

First place went to "marketing" and second place went to "finance/accounting."

The next question asked them "What do you intend to do to solve your problems in the above mentioned areas?" They were provided a comprehensive shopping list including, buying books, taking classes, attending seminars, hiring a consultant, etc. The last selection they could make from their 'shopping list' was "Nothing"

An unbelievable 87% said they intended to do "nothing" to gain the knowledge they needed or to get help in solving their problems.

Is it just Denver business people who are apathetic? The study was repeated in Sacramento and got the exact same response.

It pretty much reflects the business failure rate in this country. Pretty scary!

Join your local chapter of the American Marketing Association. Call the national headquarters at (800) 262-1150 to find the closest chapter.

Resources:
Glossary of Terms
Ad Examples with Analysis
Free Analysis of Your Ads or Brochures
AdFacts Tutorial - online
this runs really slow online unless you have a high speed connection. You can download it below.

Downloadable Files 
(right click and save to your hard drive)

AdFacts (download - rt click)

FREE Downloadable Worksheets 
You MUST sign in to have access to these -- once you've signed in, bookmark the page from which you download to avoid having to sign in every time you access them.

Marketing Plan Worksheet 
Demographic Profile Worksheets
Psychographic Profile Worksheets
Marketing Budgeting Worksheets
Ad / Brochure Development Worksheet
Follow-up Worksheets
Sales Reporting Worksheets
Proofing Checklists
Budgeting Worksheets (Excel)

and many more!

       
 

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© 2003 Karen Fraser-Middleton