3% of all business owners make 84% of all private biz income. Why? They’re not covering for unknown weaknesseses.
3% of all business owners make 84% of all private biz income. Why? They’re not covering for unknown weaknesseses.
This article was published on November 25, 2009. So far, 2 people have left their thoughts. Share your own thoughts.
The most important marketing tactic ever devised is also the simplest. And it wasn’t invented by marketing people, but by business owners and sales people looking to grow their business the best, fastest, least expensive way possible.
Unfortunately it doesn’t get much traction because it doesn’t have enough complexity, bells and whistles or cost to make people pay attention to it. It’s just too simple to be that effective. The profound things are always simple, but we don’t believe that either. Yet people who have done it are almost always successful.
What is the single most important marketing tactic ever devised?
Make a list of everyone you know.
I mean your dentist, your mother, your sister, your clients, the bar keep – everybody.
Yep, boring, dull, simple, can’t be that helpful. Wrong. It’s the first thing every business owner and every sales person should do to before they open the doors. I could tell you a few dozen success stories of people who believed and did this, even a restaurant owner who did it, gave away four free nights of food to people on their list to open their restaurant and never looked back (or did much traditional advertising either).
Once you have your list made, divide it into two categories – potential clients and potential gate openers (people who can refer to me). Potential clients got a 1, 2 or 3 (most to least likely to become a client, and potential gate openers get an A, B, C (most to least likely to refer someone to me). I did this on Excel so I could then sort the two and all the 1’s and A’s floated to the top. Some people were 1-A (great potential client and also great potential referral partner). Others were 3-C (and some of them became great clients – our guesses are many times pretty bad).
Once you’ve got the list, figure out what to do with it.
I put that one last because things like it (frequent, personal, relational contact) are the best way to use that list to build your business. And serve, don’t sell. Find out what they need, meet them where they are at, and watch your business grow.
If you have lots of money and no time, than just do advertising. But if you’re like most small business owners, you’ve got a lot more time than money, and you can reach people you already know a lot easier than going out cold-calling.
I’ve never done a cold call in my life and was the top sales person in every corporation I was in, with annual sales of up to $10 million. Make a list of everyone you know and build relationships with them. It’s the best-kept non-secret in marketing.
You’re too busy making money; no business can survive that. Your business should give you both time and money. Not just money.
I started Crankset Group out of a desire to help small businesses in the Denver, Colorado area grow and mature. It continues to mature itself as we bring a lot of the tools and practices that I’ve created working one-on-one with business owners over the years online. Now these tools and resources are available to you.
Twitter is a great way to get ahold of me or interact with me.
I’d love to let you know what I’m up to from time-to-time.
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CoCreatr
12/01/09
“Serve, dont sell.” Thanks, Chuck, that sits well.
Great to-do list to complement a book I recently finished reading: “Listen first – sell later” by Bob Poole. Meet him at his watercooler…
Chuck
12/05/09
Bernd,
Thanks for the tip on Poole’s book. I’ll pick it up!