With the anticipation of MarComm budgets coming under even more pressure in the months ahead, now is the time to take a close look at the tactical implementation of your strategic marketing initiatives. It may need adjustment.
Here’s a short list of things to consider when marketing dollars are at their tightest:
- Invest advertising dollars in more product specific, feature/benefit ads instead of broad, awareness campaigns.
- Evaluate trade shows. Unless you have a major new product to introduce, consider skipping a year and sponsor local meetings or events instead. There’s a good chance trade show attendance will be down because of tight budgets anyway. Get a better return on your investment by going directly to the customer with a traveling road exhibit, “Lunch & Learns,” etc.
- Focus on creating those sales tools your field reps really need.
- Create or expand and maintain your prospect database. Then use that valued resource for both research and segmented messages.
- Reevaluate your website. It’s time to refocus it from a passive product and information only site to a more aggressive selling format. Strengthen product and market specifics. Develop vertical audience microsites that speak directly to a refined target.
It’s never too early to start planning. Get the most out of every MarComm dollar next year with a focused, strategicaly-built plan. Questions about your products and markets? I’m here: dshorey@shoreyandassociates.com / 864.242.5407.
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