Marketing Mistake 1: Not Knowing the Audience
Companies waste millions of dollars on ineffective marketing and communications efforts. While I cannot back this up with a study, anecdotal evidence and firsthand observation are on my side.
To stop the nonsense, I offer my list of the top five biggest marketing mistakes I’ve seen. Enjoy!
Biggest Mistake #1: Not knowing the audience and their needs well enough.
To reach your targeted audiences, you have to know them. Do you?
One of my clients thought they knew. My research, however, revealed that the company’s client needs vary by circumstance (such as company size, corporate philosophy and outsourcing appetite). I suggested tailoring services and product offerings not just by category, but by situation. Developing customer profiles helps assure you are reaching the right audience with the appropriate message.
Do your materials help your prospective and current clients see why
they must have your products and/or services?
I interviewed another client’s customers to discover their perception of its products and services. The customers were indeed very satisfied with the product and customer service. But, due to a merger, they were confused about the client’s name. The customers did not care. They were happy to know who to call to get what they need. Such results still call for a branding effort.
What do your clients need? What are they worried about? Of course they are looking to save money and time while boosting the bottom line. Who isn’t? But what particular challenges do they face? Does your message and supporting material clearly show — not just tell— the value you add?
Can you explain the value-added of your wares in a clear, succinct and specific manner that transcends empty buzzwords and promises?
Too often, marketing and communications materials are written from a general and corporate point of view. Do your materials help your prospective and current clients see why they must have your products and/or services? Have you actually satisfied the questions your customers want answered?
As an outsider looking in at my customers’ operations, I have the fresh look of their customers’ perspective. I write material that aims to give satisfactory answers. What is more customer-focused than that?
These basic customer questions are:
1) What in heck is it?
2) Why is this a must-have for my business?
3) What is so great and special about it?
4) How will it make my job easier?
5) How will it improve or support a better bottom line?
I often suggest graphic representations as another way to get your point across. People with high spatial intelligence are likely to get the point more quickly with effective graphic representation near the text.
For example, consider the insurance agent who is trying to sell more umbrella coverage. First, of course, he must describe what umbrella coverage does and why many people need it. But he can communicate the need more effectively with a graphic that shows the limits of auto and home insurance and the more comprehensive coverage that results from an umbrella policy placed over the others. (Here I refer you to Aartrijk, www.Aartrijk.com, which specializes in branding and public relations for insurance agents.)
(To learn more about thinking like your customer, check out my blog on customer empathy http://annmariecommunicatesinsurance.wordpress.com/2011/12/28/concerning-customer-empathy/.)
Next week, I will cover Top Marketing Mistake # 2: Spending Too Much Money.
In the meantime, have fun!