increase market share Archives - Page 2 of 4 by Mark Murnahan

Is Your Marketing Microcosm Too Micro?

This is not just about thinking bigger, but more about thinking outside of what you know … or rather, what you think you know. This is not an attack against you, or it must be attack against me, too. The fact is that we plain and simply do not know how much we do not know. Until we know it, and address those important but unknown issues, we stand to suffer many losses.

Some people will term it “thinking outside the box” but that is not natural for most people, and it can certainly hold its dangers in office politics. Let’s face it, independent and creative thinking is not encouraged enough. Most people think the way they are told to think. After all, that is most of what proper schooling is about. I respect the way Albert Einstein observed it with his statement as follows:

“Great spirits have always encountered violent opposition from mediocre minds.”

–Albert Einstein

It is hard to believe this occurs in a time with such great communication and collaboration tools, but it is quite common. Just consider how many times a creative person is suspected of gunning for the boss’ job and gets kneecapped for having great ideas. Even when this is not the case, it is often feared to be reality, or there are fears of not receiving proper recognition. Most companies hate to admit this, but a lot of great thoughts never make it up the flagpole because of a culture like I describe here, or somebody mediocre shot it down prematurely. Maybe it is because the decision makers do not understand the value, they are threatened, or otherwise just can’t get their head out of that box. Whatever the case, I know that it exists, because I see it all the time. Companies create their own misery, and the same thing happens in companies from one employee to thousands of employees. It is often a case of not knowing what they do not know, and it stunts their growth … often very badly.

The Tragedy of Projecting Your Own Beliefs

The fact that we do not know how much we do not know about our potential customers and their way of thinking can be tragic. It is so simple to think we have a good picture of them, but a very common fact is that we project our own lives and ideas onto them. When we think we know what they want, or what they should want, it gets in the way … badly! For example, I recall roughly 20 years ago selling cars to supplement three companies I was getting off the ground at the same time. I was pouring everything I could into those companies, and thank goodness. Two were pretty big hits for me.

At the time, I did not really relate to buying high dollar cars. Later, as life changed and I started buying nicer cars, I started seeing things differently. I realized signs of mistakes I had made back then by projecting my own thoughts or lifestyle. I have witnessed it from salespeople who were shy to ask for the sale or to ask for their reasonable profit, because they could not see themselves in my position, as the customer. I like buying nice things. I like cars and motorcycles … a lot. I have spent well over half a million on cars in a given year. I recall making a believer of a sales manager when I purchased three Corvettes, and a Cadillac Escalade from him. He learned to ask for the money when I came to buy cars that range from $60-80,000 each, and I admire him for it. I wanted those fine things, and even though it was not something that made a lot of sense in his life, he realized it made perfect sense in my life. You see, he stopped second-guessing the sale by projecting his life onto customers, and he did a lot more business for it.

You Know Your Market, But Could You Know More?

I am a marketing guy. I work with clients every day who think they know their market. To some degree, they do … they must, or they would not be in business at all. Would it surprise you to hear an opinion that the majority of businesses are really far off the mark where it comes to the most valuable resources for growing their business? This is not just something that struck me today. No, not at all. This is something that I have learned in over two decades of marketing experience and studies.

It is astonishingly true for many companies that a more refined look at their own marketplace is simply impossible from within. They need outside eyes, and new ideas. They do not have the means to reach beyond their microcosm … their little box where they are comfortable. I consider the locker scene from “Men in Black” or “Horton Hears a Who” by Dr. Seuss. These are good examples of not seeing beyond a small microcosm and realizing things from the other side.

Unless a company is enjoying a huge burst of market share increase, they can generally make big improvements. Come on, we can agree on this point, right? Even in instances of a dwindling market, if a business is not growing but yet somebody else in the industry getting bigger, there is some reason. Would you like to guess the most common reason? I hope you guessed marketing, because it is true that if a company reaches the right people, at the right time, with the right message, and there is a sufficient value proposition, their business will grow.

Marketing … really good marketing makes a difference, but that often requires an uncomfortable look beyond what a business thinks. It means thinking outside of themselves. It all sounds simple, but I have seen it a squillion times that a whole room of marketers will all turn pale and their mouths get dry when you show them how wrong they were. Although it often feels like lightning just cracked through the room, the reality is that it is often far more subtle differences that make the big difference.

It means taking the uncomfortable look outside of what you know. It means knowing that if you do not know it, you had better find somebody who does, and is willing to share it with you. It means finding that lightning and bottling it.

In the end, it often means getting a clean set of untarnished eyes to stand outside the box and help drag you out to see what you could not see before. It should not be a surprise to learn that one of the distinct advantages of a marketing consultant it that they are not already contaminated by what cannot be done, or what a client thinks cannot be done.

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Imitation Marketing Means Imitating Marketing Failure

Trend, fad, popular, meme, hot, new, fashionable … word it however you like. Everybody wants that piece of whatever it is that works in marketing today. Companies and individuals frantically try to be on the leading edge of a wave that promises to be the “next big thing” that will bring them success. They hear how well it worked for this company or that company, and then make carefully calculated efforts to imitate that success. Perhaps they always heard it is best to imitate success, but on the flip-side of that coin is the far more likely outcome of imitating failure. I call it “imitation marketing” when people strive to imitate success, and it comes with a good side and a bad side.

Anybody who has used popular social media sites like Twitter, Facebook, and the rest, has surely watched the imitation that happens every day. Somebody tweets, facebooks, or blogs about something “hot” and all of the sudden every other blogger scurries to their keyboard to blog about the same thing. If you catch on with things that are “hot” in a market, you have a greater chance of catching your 15 minutes of fame that was promised. Let’s face it, a lot of what we see each day on the internet is just the same thing, regurgitated with an alternate slant, and worded slightly different. If you look at any industry, you can see all the competitors mocking each other while only a few really stand out. Is that imitation really going to produce the results they are seeking? The odds are against it. There is a near infinitely greater chance of wasting time, energy, and money!

The Imitation Marketing Monster Eats Its Young

In this Internet age of vast information and lightening fast social media reach, we have collectively created a monster of sorts. What many people do not understand is that it is a monster that eats its young and as the cycle goes on, it eats itself.

Along with economic insecurity over the past couple years, it has become easy for people to believe they can save money by handling their own marketing. The Internet is the obvious place for this to happen, because it is easy. Anybody can put their name out there on the Internet and cross their fingers. The craze for do-it-yourself marketing on the Internet has created “marketers” out of about every living being that has a pulse, and a mouse to click with. Standing out from the crowd will take something unique, and not just “imitation marketing”. If you are up to the task, I am here to try and help you with my experience.

Whether you like this or not, you are right there in the thick of it. There is no other reason for you to read my blog than to try and know a better way to market what you offer and to become more profitable. Face it, you are here because you want more money, and you think you may pick up a tip to make that happen faster and cheaper than your competition. It is either that, or you have it in the back of your mind that you may pick up the phone and hire me to produce and implement a plan for your marketing … but that is only a tiny fraction of the people reading this. I am here to try and help you in either case, because it is what I do. I want to see you be successful.

Pay attention as I give you a surfing analogy: The waves of popular methods of Internet marketing exposure come a lot faster than ever before. By the time you see the wave, your window of opportunity to surf it to the beach has already closed. The riders of that wave were on it way out at sea, and it is moving far too fast to jump on now. If you want to surf in today’s marketing ocean, you are better off making some waves of your own.

I do not want to discourage you, and if I do, I will make it up to you with some encouragement. I am going to tell you what you are up against in your marketing, in order that you can prepare for the challenge.

Meeting the Creative Marketing Challenge

I just have to share a piece of reality in order to emphasize my point. Most of my readers are still swimming along in the vast open water and trying to stay afloat by imitating success. What they seldom realize is that by doing so they carry a higher risk of failure than hiring it out to experienced people like myself who do this all day long … for decades. They will soak up every bit of useful knowledge the vast Internet has to offer, and then try to create something more inspired and genius than all of the trained marketers who have facts, figures, creativity, and experience on their side.

Just as a simple example, consider how creative you are feeling today. Do you have it in you to write three, four, or five blog articles and marketing copy to promote your brand … or even one article? Do you have it in you to be sure what you produce is in front of hundreds of thousands of people … or even a thousand people? The right people? Can you write three books in three months (and actually have them sell) … or even one book? Can you write something and be assured that it will be listed within the top five results for the keywords you targeted less than ten minutes after you publish it … top 2,000 results? Do you have these things on your side? Well, I do, and there are others out there like me. That is what you are up against. When you get busy with your marketing, be aware that a lot of us make it a full time job, and some of us are damn good at what we do. To get ahead, you will have to be damn better.

The rampant drive for do-it-yourself marketing is one of those crazes that, like all other fads, has seen its time and is a wave that already crashed on the beach. It was a great idea, but when you are one of millions of people attempting to be the loudest, smartest, and overall best at what you do, your voice is squelched by the static. So, is there a fix? Yes! This is where I make it up to you if I discouraged you.

Stop Seeking Marketing Waves and Start Making your Own

Stop doing what they are doing. Stop trying to play follow the leader. Do something genius. If you spend your time making more waves and less time trying to catch one that is over your head, you have a lot better chance of surfing all the way to the beach. It may be easy to look at successful marketing and say “I can do that, too” but the odds are overwhelmingly against you. We trained and experienced marketers stacked the cards a long time ago as we earned our battle scars. We have been there, and we have done that. There are a lot of guys like me who spent 100 hours per week for years of our lives studying, practicing, learning, and tapping into every resource available to crush the competition of our clients. There is simply no way to beat us at our own game, so instead, you must create your own rules. Make your own waves. If you want to do it yourself, do not even try to do what everybody else is doing. You do not have the same resources as the competition, so don’t try to market as if you do. Take a serious inventory of your strategy and what resources you have at your disposal to implement that strategy. Stop trying to figure out how to do what the others are doing and get serious about what makes you different and better.

Tips for Overcoming Imitation Marketing

Try sitting in a quiet and dark room for an hour and think about what makes you different. Bring a voice recorder to take notes. Repeat this as often as you can. Read more books, blogs, and do everything you can to exercise your brain. The more you use it the more creative you will become. Read my blog. It really has a lot of great brain food to boost up your creativity. Start blogging! Read these really good reasons to blog and also read about how blogging improves intelligence. Seriously … go do it and stop trying to make excuses. This is for your benefit, after all. This is intended to help you increase your marketing talent.

Get really serious about what you are doing and stop letting yourself become comfortable. If you are going up against professional marketers, you are going to have to get serious with your marketing creativity, and it just doesn’t come naturally … it takes a lot of hard work. I get paid to make my clients successful, and if you want a piece of any market I am in, you had better brew another pot of coffee and plan to stay up all night.

Go sit in that quiet place and think really hard about how you are going to do something that nobody else is doing, and start figuring out how to make some waves. If you are not up to it, you should start getting settled with the lackluster results of “imitation marketing”, and be ready to take some heavy risks of failure. My hope for you is that you will try harder than ever, and take some of my tips. Otherwise, hire me to do the work for you and go get some rest … this marketing stuff is exhausting!

Marketing as Usual: More Money and Less Exposure

I work with marketing numbers every day in my business, but sometimes I like to break it down to an individual level and gather more specific opinions. I can’t be brilliant every day so some days I rely on my dear Mother. I did that today, and I asked her about marketing. Ironic, isn’t it?

Since my mother remembers the days before television, and when telephone lines were shared across multiple households, I figured she could provide a good representation of “old school” thinking about marketing. I asked her a very specific question as follows: “If you were going to market a business, where would you focus your efforts?” She did not even ask me what kind of business before she replied “On the Internet.” I asked her, “Why do you think that some businesses still don’t think that way?” She said “I think they do, don’t they?” I told her that overall market spending spend says yes, but that I still find some companies marketing as “usual” … as if it is 2007. I wanted her opinion of why this could be the case. She said something that I have thought many times, and her reply was “It is foreign to them, and they probably just don’t understand how it can work for them.”

Thanks Mom!

The Monsters Disappear When You Turn on the Lights

Now do you agree with my Baby Boomer age mother? Nod yes. Most people agree that the Internet is the way to go for marketing. It is the most measurable venue for marketing of all, but I sometimes wonder if people realize that fact. The Internet provides enough data that marketing efforts can be accounted for down to every “click” and every dollar. You simply must look at enough data to create statistical significance. Anybody who does not grasp the value of measurements in marketing probably just does not understand it, and may be just a little bit scared. It seems that Internet marketing comes with a fear that many people have a hard time overcoming. The fear can be proven irrational using facts, but some people are just too stubborn to pay attention long enough to learn. They hear it, and they think it, but until they take the time to know the facts, they don’t fully believe it. I think of it like a kid with a bad dream when you turn on the lights, all the monsters disappear.

Many people want to achieve huge success before they actually make a reasonable and well calculated effort toward online marketing. They can read case studies of how others have done it, even in their industry, but as soon as the lights go out, they see monsters again.

Marketing Like a Goldfish in a Shark Tank

Fear and disbelief are big reasons that most companies using the Internet for marketing are doing it terribly unsuccessfully. They want to dip their toe in the water and test it out with a goldfish sized budget. What nobody tells them is that there are sharks in that water. If you don’t swim like a shark, you are likely to be “bitten” and fail miserably. The sad result for many business people is that once they are bitten, they will blame the water or the sharks, but they seldom ever blame the real culprit … themselves!

The alternative to having a shark budget is to shrink the tank using a more focused and creative marketing approach. It requires significant marketing talent to create success, even with a shark budget, but talent is even more important with a goldfish budget. In every case, it still requires more than a toe in the water to avoid the shark bite of an unsuccessful marketing attempt.

If you want your marketing to be successful, you can be one of the sharks or you can shrink the tank with focused marketing enough to take away the sharks’ advantage. Either way, you will have to address the sharks!

Bolstering the fears associated with Internet marketing is the fact that most Internet marketers (SEO, SEM, SMM, Guru, Expert, Maven, Evangelist, et. Al.) really stink at their job. It should also be noted that even the good ones will suffer if they have a client who bucks them at every turn, already knows it all, or asks them to jump through flaming hoops with a goldfish budget in a shark tank. Of course, successful marketers will usually not put themselves in this position. We understand the numbers, and we know that the chance of failure due to under-marketing is statistically significant.

We have surely all seen the overwhelming data, or at least heard a huge frenzy about newspapers, television, radio, and telephone book advertising sales each dropping like lead balloons. There is a reason for this, and the reason is that the Internet is far more effective. Still, I find it shocking to witness companies that have not shifted their efforts and their budget where it can make an impact.

I went on talking with my mother and we discussed business marketing budgets. I was curious why a company spending “x” dollars on ineffective marketing will often try to take a small fraction of that same amount of money to market on the Internet. I asked whether, as they shift their efforts, if it made sense for them to plan to spend less money and effort in the place it could really work. I asked her “If you were going to budget efforts between television, newspapers, phone books, and Internet, which one would get the biggest portion?” Without regard for industry, she said “the Internet, because you can reach anybody there”, and she was right. Of course, she did not have the fear that I was going to sell her something. She could be honest with me about what most people already know, but are afraid to address.

What Do People Want and Where Do You Fit In?

Knowing what people want is an important part of effective marketing. Knowing where you fit into the customer’s plan is critical to success. It is not a simple one-answer question and it requires a close look at what people want, why they want it, and how you can help them get more of those things they want. Knowing where you are in this big picture is often difficult, because you are on the inside and trying to find a view from the outside. I want to offer you some help.

Note that this is not a matter of fitting your product or service into what you think people want, but what they actually want.

Humans Are Highly Evolved and Sophisticated Creatures

We humans are highly evolved. We think differently than most animals. We think differently enough that we have sometimes even become arrogant about it. We think we can fight what is in our nature, and that we are totally in control. We even came up with a word to make instinct seem more evolved, and we called it “emotion”. Emotion is what drives us to many of the choices we make, whether we like it or not. Emotions bring us closer to our friends, emotions cause us to argue with our friends, and emotions help us to find the right mate. Wait, but couldn’t the same things be said of instinct? Instincts drive us to be with others like us, instincts cause us to compete and fight within our packs, instincts are what make this mate or that mate right for us, and instincts are what drive us to buy things. Seriously, emotions are synonymous with instincts, and I make this point because we cannot fight our instincts. If I tell you that you cannot fight your emotions, I may reach some of you, but when I put it in terms of the lion with the biggest mane, it is because I want you guys to hear me, too.

Let us just consider, for a moment, that we are each hunters and gatherers. Like it or not, that’s where I am going with this. If I am a better hunter and gatherer, I will be rewarded. OK lions, that means I will have the best den, the best mate, and the best and most delicious gazelle. If you do not believe me on this, take a look at statistics on divorce. When a lion has a broken ankle, (not providing well) the mate (male or female … because ladies, you really are the ones who rock my blog) is far more likely to kick you out of the den or at very least to the other side of the den until you can show them the gazelle. I hope we are clear on this, because I want to tell you a little more about instincts and why some things sell so much better than others.

We have all heard that “sex sells”, but have you really looked deeper into why sex sells?

Why Does Sex Sell? Because People Instinctively Want Sex!

There are very basic non-sexy reasons that sex sells, and the sooner you realize it, the better. Aside from finding something to eat, there is not a single more instinct-driven action in our world than to pass along our genetics and keep our species alive. Without sex, nobody would be here and reading my blog. Yes, like it or not, your mother and father had sex … probably a lot.

People beat around the bush about the topic, and it is taboo for some people which makes it even more desirable. We avoid talking to grandmother about it, but let’s face it: sex sells. It sells news, it sells products, and it sells hope … in numbers that nothing else can compete with … not even close! There is no need for you to be shy when I tell you that sex sells, because grandmother is not watching. Even if grandmother was watching, she could probably tell you a good thing or two about sex. I know, it seems impossible, right?

In case you have any doubts on this topic, let us consider how you feel about the words mastectomy, castration, hormone disorder, or erectile dysfunction. I don’t mean just clinically, but how they affect people. These are some of the most frightening things that can happen to a human being. Castration is often considered one of the most cruel and unusual punishments possible, and in case you have not noticed, plastic surgery (namely fake boobs) is a pretty profitable field. On top of that, “erectile dysfunction” could easily be the overriding view of our life and time if we were dug up by anthropologists in a couple thousand years.

When a company embraces a market directive of not only the fact that sex sells, but how they can position themselves such that others are instinctively driven to their product, they win! They have the biggest profit margins and they have the biggest market, and all because they give us what we want. Just look at Calvin Klein as an example of this. Have you ever purchased one of their products or had sex with somebody who did? They offer jeans to make butts look better, scents to make people smell sexier, but really, above all, they market to instincts. They are not conning you, but rather simply understand what people want and they know how to deliver it.

So you may ask “what of other markets”. Instinct holds answers there, too. If you are a successful plumber, instincts tell us that backed up sewage is not healthy and that we should call you. If you are a successful restaurant, instincts tell us that your food will make us more satisfied than the others. If you are a successful car dealer, instincts tell us that you have a better way for us to go out to hunt and gather. As crazy as it may seem to you, even the seemingly least desirable or ridiculous things you may ever purchase are there because somebody had a better way to appeal to your instincts (emotions).

How Can I Harness Instincts?

Since you read this far, you are probably wondering just how you can harness instincts to explain how very valuable and useful your products or services are. The good news is that it is not as ugly or difficult as you have probably imagined. It takes a careful look at what you do and how it really fits into things that people want and need. Knowing where you are in this big picture is usually pretty hard, because you are on the inside and seeking a view from the outside.

My tip is to realize where and what you are. Be aware of yourself and why you do the things you do. It is a huge step to understanding where you fit in the pack and how you can help the rest of the pack survive stronger than without you. When the pack is stronger because of what you do, you become a success.

From my standpoint, I realized a long time ago that I do things because I am a lion with huge claws and teeth, and I know why I do things. There are instinctual reasons that I ride a motorcycle that is ten feet long and why I purchase amazing items. In my case, I want sex … just like nearly everybody else.

How this works into the pack and makes my pack stronger is that I help them to do the same. I help people to earn more money, which helps them to have more of the things that they want. I help people to find where they fit into the pack. I hope that I have helped you. If you need more help and want to grow your pack, just ask me.

Will Exposure to Thousands More People Help Your Business?

The answer to this question is not always yes. Here is an even better question for you to consider. Will presenting an appealing message to thousands more of the right people who are interested in your products or services be beneficial to your business? Maybe your answer is “no”, but I really doubt that.

There are a lot of questions to be answered about reaching a targeted audience that is important to your business. There is a lot of fear of failure and loss. Sometimes I think the people who doubt potential for increasing business using the Internet the most are often convinced that it only happens for the lucky ones. I have good news for you. You have the luck of the Irish on your side today, and they don’t call me “Murnahan” for being French.

Tough Marketing Questions for Many People

Marketing is a scary thing to a lot of people. I mean, it all seems so speculative, right? Maybe you think it seems like a bunch of guesswork, and some people just get lucky.

Marketing is not so speculative at all. This is not like rolling dice on a craps table and gambling with your company’s money, except for the newcomers to the marketing industry who are trying to earn as they learn. There is a lot of math and science at work. Doing it right sometimes just means making proper calculations. On the other hand, the message you deliver requires marketing creativity, but even creativity is not as speculative as you may imagine. There really are a lot of safeguards in proper marketing, and it does not need to be risky.

The truth is that there are a lot of people who just don’t hit the mark. They don’t get the marketing right the first time, and that opens a floodgate of fears and apprehension. It begs some tough marketing questions for many people. Some of the hardest questions running through people’s minds are as follows:

“Is it really likely that I can reach thousands more people interested in what I offer”
“How much will it really help my business?”
“How much it will cost?”

These are troubling questions that hold a lot of people back from the much more important considerations of what happens if you do nothing, or keep doing the things that do not work. I will offer you some answers to each of these. Please pay attention.

Now Seriously, Would Exposure to Thousands More People Help Your Business?

When you hear something like this it is really easy to assume that it is just hype, or that it will not be worth the expense, right? Often, it truly is just hype, but it is true that there really are thousands of potential customers out there. If you have the right message, at the right time, and deliver it properly, those can be your customers. This is not a myth, and it is not a unicorn hunting expedition. It takes some well crafted effort to achieve, but it really is not all that hard to gain huge amounts of new business with proper Internet marketing.

Is it really likely that I can reach thousands more people interested in what I offer?

Are there really thousands more people out there on the Internet who are interested in what you have to offer? Yes, people have actually even been successful selling dog poop online! Is it likely to reach the right audience with a proper marketing plan? Yes, but a weak plan with little effort will just disappoint you, again.

You can rest assured that there are not very many of the tens of thousands of readers that come to my blog each month who are seeking tips for knitting pajamas. They come because they want ideas, and they want to know what I know about SEO, social media, and other Internet marketing topics. Now what percentage of Internet users do you think are really interested in marketing? Seriously, this isn’t the most fun you ever had. Most people try to ignore marketing until the competition destroys their business. Don’t you think some people will be interested in what you have to offer, too?

How much will it really help my business?

Here is one of those easy questions to answer with math. You know how much each customer is worth to your business, right? You know how much you spend to acquire each customer, right? With this information and other vital data, it is pretty easy to calculate the actual gain to your business. If you do not have solid numbers, you really need marketing help more than you realize.

I understand that you hear all of the talk about the Internet being like the big California Gold Rush of 1848. You are surely hit by hundreds of Internet marketers trying to sell you SEO snake oil or proposing that you will make millions of dollars using nothing but Twitter or Facebook. Yes, most of these offers are crap, and easy to see through.

Now let’s stop being silly and answer this serious question. If it is true that you can realistically reach a targeted audience of thousands more people with an interest in what you offer, wouldn’t it be absolutely absurd to ignore it? Here is the answer: Yes, it would be absolutely absurd, and the scary cost is that your competitor will probably reach the people you missed. Question answered? Yes, I think so.

How much will it cost?

If you see marketing as a net loss, you are really not getting the point of it at all. Perhaps you have just tried all the wrong things and you are tired of trying.

If you think of Internet marketing as an investment in your business, you are on the right track. Like an investment, you must consider how much you want to gain. The consideration of a well thought out and effective marketing plan should be more along the lines of how much money you can get your hands on to do the one thing that will grow your business more than anything else. When people ask me the question of cost before any considerations of the objectives and directives involved, I tell them “You had better bring your lunch money.” This is for two reasons. First, because the more you put into marketing, the more you get out of it. Second, because I have a whole lot to teach this person about how marketing really works.

I have written many articles on the topic of Internet marketing and development cost. Here are a couple of them that you may find interesting:

One More Question!

Oh yes, I already asked you this one, but now it is time for your answer. Will presenting an appealing message to thousands more of the right people who are interested in your products or services be beneficial to your business? I ask this, because it is what makes my telephones ring. It is what I do for my clients. This is not a rhetorical question. Find me here if you want more answers.