marketing failure Archives - Page 8 of 9 by Mark Murnahan

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.

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.

Have you ever asked yourself what it will take to double your business? Adjust this question to your business however you like, but you should always be able to answer the question. If you operate very small or new business, doubling it is a pretty easy task. If you have been around a while and have a significant market share in your industry, this may be a pretty lofty goal. If you want to be “realistic” (by the way, realism is very subjective), maybe you want to increase your business by 15 percent, 25 percent, or 35 percent. Whatever the number, ask yourself what it will take to achieve it, and set a course to do it. Make a goal and treat it like an egg. Keep it warm, keep it safe from harm, and nurture it every day.

Treat Your Business How You Want it to Hatch

Successful business people ask what it will take to grow their market. Successful companies, even the small ones, treat their business like it is a big one, and like it will eventually hatch into a huge one. This is a pretty important principle that drives many companies to massive success.

Lately it seems that many companies have given up on the hope of growth and just beg to keep the market they have. A shocking truth I often find is that many businesses have a lot more means to grow than they give themselves credit. Many of them are too backed up in bureaucracy and indecision to actually make the efforts it will take to achieve growth. Executives are so afraid of losing their jobs for making a bad decision that they make the worst decision of all, which is indecision.

Don’t Lose your Business in the Marketing Omelette

There is often a simple answer to increase your business, but finding that answer is the tricky part. A truth about businesses today is that as the economy changed quickly in the past couple years, marketing changed even faster. Marketing became more confusing, and companies have to be a lot more creative to reach those elusive customers. It seems insane to me that as competition is stronger, a lot of companies have either tried really hard at doing all the wrong things or just gave up to take a “wait and see” attitude toward their market. They gave up on their egg and are letting the competition come and peck away at it. They ran out of ideas, and stopped seeking that simple but elusive answer of how to keep growing.

Business Growth Requires Defined Efforts

Flight does not happen by accident, and if you ever want that egg to hatch and fly, you must take good care of it. Achieving business growth requires defined efforts and careful attention. Here is that question for you, again. What will it take to double your business? If you cannot answer this with a clearly defined plan for success, there are people who can help. It is my job to make companies successful. Ring me up at *REDACTED DUE TO AGING WEBSITE* (*REDACTED DUE TO AGING WEBSITE*) and I will be happy to help you in the right direction. If I am not the guy to help you, rest assured that I know people who will be delighted to work with you. I am always happy to pass along a referral. Most importantly, don’t give up on your egg and do something to nurture it every day. Success is likely a whole lot more achievable than you give yourself credit.

Fear Affects Success in Marketing More Than Logic

I want to offer a lesson in how and why fear drives your market, and how to better address that fear. It is not only fear, but emotions … many emotions that drive your market. The biggest one to overcome is fear. I will give you examples, but first, I want you to look at your own business motivations. If you look at your own motivations, you will better understand what motivates others. Here are some easy questions to help illustrate the point and get your thoughts moving in a good direction.

Question One: When you think of your marketing, do you think of having your name everywhere so that people will buy more of what you offer, or do you think of how nice it will feel to have a more secure business? (NOTE: They may go hand in hand, but the result is what you are after … not the cause.)

Question Two: Do you think of the money you earn, or do you think about the great neighborhood you live in, or hope to live in one day? (NOTE: Money alone is not a good result … What you do with it is another story.)

Question Three: Do you think of the fancy possessions and the great fortune you will amass, or do you think of the feelings those things will give you? (NOTE: Wanting something without a reason is no better than not wanting it at all.)

Question Four: Do you think of the things you want, or do you think of why you want them and how it will give you opportunities that you do not have today? (NOTE: I suspect there is a hint of what you really want in this question.)

Question Five: Do you really think you have a good idea of why people do business with you, or do you project your own opinions onto them in hopes it will work? (NOTE: If there is some doubt, you may want to consider what happens if you are wrong.)

There will be two categories of answers here, and one creates success, while the other will leave you disappointed. One is visionary, addresses emotions, and overcomes fears. The other will keep you where you are, with what you’ve got. It may shock you to find that you often use logic to override your own good decisions because of fear. The way logic and emotion relate in your life will have a lot to do with success or failure in how you see your business and it is reflected in your marketing.

I see it all the time that scared people do not make successful decisions in their business and in their marketing. On the other side, I find that the people with balls the size of Volkswagens and who can overcome their fear are taking success to a whole new plane. This is reflected in USA, where there was a 16 percent increase in the number of millionaires in 2009 (yes, during recession) and a 17 percent growth in households with a net worth of $5 million or more. This came following a major decline in 2008, and is a high-level look at how recession separated the fearful from the courageous.

I wrote about this on December 24th 2008 in an article titled “Recession Marketing: Choosing Logic Over Emotion” which discusses overcoming fear by using logic to divert bad decisions.

Do You Want Steak or Do you Want Sizzle?

In sales and marketing, the topic of emotion vs. logic has often been referred to as selling the sizzle and not the steak. The steak is an object. The steak represents the simple logic that people must eat to stay alive. The sizzle is an exciting representation of how that steak smells, tastes, and how satisfying it will be to sink your teeth in and enjoy.

If you want steak and the logic it represents, you are seeking the wrong thing. If you find that you want sizzle, and the things that come along with that steak, you are on a lot better path to getting things right, and getting what you want.

The list of questions and analogies can go on forever. Whatever your answers, I can tell you that success in marketing is strongly based in emotion and not logic. People do not choose their careers with an emphasis on logic, and when they do, they often end up making a career change when they realize it does not make them happy. People do not make purchasing decisions based solely on logic, either. They try very hard, but if there is an awkward feeling along with the purchase, they are gone and not coming back.

Logic Fails in Motivating a Market … Yes, Your Market!

Logic can help people to be creative with overcoming their own fears of buying what you offer, but the logic alone is only a tool. Logic is a tool to help people make good decisions, but it actually ranks pretty low in decision making when compared to emotions … namely fear.

Do you remember the last time you went to buy a car? This is something that drives fear through the roof for a lot of people. Cars cost a lot of money, and something has to help you overcome the fear of loss. You replace the fear of loss with the huge gains you receive by driving that new car. You replace the fear of loss with the fear of not getting what you want.

You may try to use the logic that you “need” a new car, or that it will “save” you money by not breaking down as often. That is bologna and we all know it. You want that car, and the sooner you overcome the fear of all that money you lose, the sooner you can sport around in that nice smelling head-turning new car. Won’t it feel good to show it to all of your friends and family? It will be so nice that everything works just right and it is nice and clean. Wow … This new car will be great!

Just believe me for a moment when I say that emotion is what drives these decisions. Sure, you may like to deny it, but go look at your car while you think about this. Just don’t get too emotional or you may end up visiting a car salesman today!

A Drive Down Logic Street

As I drove down my street on the way home from visiting a friend this weekend, I saw a lot of interesting answers all around me. I was thinking, as I often do, about my work in the field of marketing. I thought of all those lovely homes, nice cars, and best-dressed people. I thought of what motivates them. I thought of what it means to them that they drive this or that, that their postal code is this or that, how they got there, and how emotion is what made it all possible. Emotion is what drove their decisions, and emotion is what drove the decisions of the people who helped them get there.

I arrived home and looked at my blog’s visitor statistics. It shows me that many people search the Internet seeking logic to make decisions. They search (and find me) for things like SEO hourly rates, rates for web developers, and a squillion other terms that reflect fears. This reminded me how many people get the questions all wrong. Let me put it to you this way: You cannot get the right answers if the questions are wrong!

These readers in my statistics logs are not really looking for success, but rather seeking something logical to magically tell them how to achieve success. It reminded me that the majority of people get this totally backward by trying to find logical ways to get over their fear. After all, the logic may tell them that less money involved will mean less risk. This is their fear speaking to them, and they miss the elephants walking by while they are looking at all the ants around them. Their fears are telling them to seek something that completely diverts them from what will actually give them the success they want. This is a common fear mechanism that kicks in and keeps them from seeking the scary truth of what will bring them success.

Seeking what seems safe should be what really scares people. Most people want safety, which means that most people are doing the same things. This leaves little room for anything spectacular … just average. Average does not make it very far in a competitive market.

The reality is that overcoming fear of loss by replacing it with another fear such as “what if I get this wrong”, is what will deliver you that sizzling steak. You can probably find instances of this in your own life, but I can provide logic to support this if it alleviates some fear for you.

Begging for Logic in Marketing

People come to me every day hoping to find the perfect logic that will help them to make good decisions. I often point out logic in my work, and I can quantify everything from A to Z. Read my blog for about an hour or so and you will have enough logic about marketing to last you a century. Marketing is a very mathematical and logic-oriented field, but that logic and math is only a tool. I am an uncanny good marketing guy with a lot of facts and figures to prove it. My clients want that logic to help them overcome their fears. The truth of the matter is that what they really want is the sizzle, but they are still hung up on the fears that hold them back.

Proof of Emotion in Marketing

In a recent article titled “Polarize Your Audience and Stop Making Everybody Happy“, I explained that a word I made up went kind of crazy online. The word had ZERO representation in a Google search on February 23rd. Today, just a few weeks later, the word “dubeshag” returns nearly 14,000 results (click it if you need some logical proof).

This did not happen because of logic. It happened because of emotion. I wrote something funny and people became attached to it in some small way. They passed it around, they told others, and they linked to the article.

Here is a little more proof of emotion in marketing. In the photo you see above, there is about a half million dollars worth of toys. I purchased every last one of these vehicles (and more) within about one year, but I never bought one with logic in mind. I wanted the sizzle! The same is true of the clients who afforded me the ability to buy them. They wanted the sizzle, too! Fortunately for them, and me, they discovered their real motivations and overcame their fears enough to pick up the phone and call me (at toll free *REDACTED DUE TO AGING WEBSITE*).

The question it begs is this: What fears will stand between you and the sizzle you want?

Creative Marketing: How Important is Creativity in Marketing?

There is a lot of math and science in marketing, but just how important is creativity in marketing? Regardless what you may believe, creativity still holds much emphasis in successful marketing. If you look around the huge marketing arena of the Internet, you can see what I mean, illustrated in a squillion different ways.

You will see companies who believe that simply being listed at the top of a search engine result is all that matters. It matters, a lot, but without giving people something to rave about once they find you, and converting them into customers, fans, or something other than a ten second click, it is worthless.

If you doubt me, just question why you have heard of Nike, and not that other shoe and athletic apparel company who tried so hard to make you a customer. If you think it just comes down to massive amounts of money to spend, you surely forgot that Microsoft started in a garage. The founders knew what it meant to be creative, and they made that creativity clear in their market outreach. This can mean consumer marketing as well as marketing to investors, so make no mistake on that.

Marketing creativity is what makes things popular, and takes ideas to the next level. An example is the way Roche Applied Science, a company dealing in genome sequencing made something so geeky and scientific as apoptosis a fun topic. They knew who their market was, and reached them with their massively successful “Cell Death Tour” marketing campaign.

Marketing creativity is also what Matt Harding did for Stride Gum when he produced a video with 27,267,455 views and counting. It was creative enough that millions of people passed it along to their friends.

The list of examples is long, but I will try to keep this short by explaining that creative marketing often makes the difference between a ten second click and a massively successful market reach.

Creative Marketing Drags You by the Nose

You can try to ignore it, but what drags you by the nose to embrace a brand is the work of the creative marketer. Some may say that their market is more logic-based and that people are just looking at the numbers. Even if that is the case, they should really be looking at the explosion of numbers that happens with creative marketing that is perfectly crafted to reach the target.

Sure, marketing is a numbers game, and with enough numbers, anything can be a success. While many Internet marketers fight to be more visible, and with high-traffic to Websites being rewarded with unrealistic hopes, creative marketing is often neglected. I sometimes think that this is one of the top reasons so many people are getting the shaft from Internet marketers who make big promises about traffic, while having little idea what actually motivates a market.

Creative Marketing Does Not Just Mean Cute

When I say creative marketing, I do not just mean delivering a creative message, but also how to reach the right audience, and not just any audience. Reaching a lot of people is great. It allows the opportunity for people to share the message with the audience you seek. However, it also leaves a lot of chances that your marketing wheels are left spinning and stuck in the mud.

A Creative Marketing Proposal

As I was preparing a marketing proposal just yesterday, I was thinking about how to provide the best reach into the client’s target market. I had discussed the client’s marketing objectives enough to create a nine page well considered proposal. It dealt with many areas of math, geography, and demographics, but there was something more. While I was proofreading the proposal, I got to thinking about what makes marketers different. What is that key element that sets the great apart from the good in marketing? When I reached the portion of my marketing proposal dealing with cost where it explained that we do not breed elves, it struck me. Creative thinking is one area that truly sets marketers apart more than any other. I already knew this, but the tricky part is in expressing it.

Here is a portion of the marketing proposal, but I offer you this preface: Call me crazy if you like, but I am not a salesman. I give the facts, and I try to deliver it in a unique way. I will also add, as you may find here, that I do not seek everybody willing to drop a few dollars and dip their toe into the marketing pool to test the water. There are sharks in there, and I never want to see a client’s leg bit off by dipping their toe in. I want that diamond client that I was able to carefully carve out of the rough and polish with care. I want the one who is not afraid to be successful. I want the one who understands marketing creativity and the huge value it offers. When the client “gets it” I am ready to get to work. When they just want to follow the flock of sheep off the edge of the cliff, they call somebody else.

INVESTMENT IN YOUR BUSINESS

We see it all too often that price is the concern rather than wise investment in a company’s success. Our job is to increase the bottom line of your company. We don’t chase unicorns or offer elf breeding. Our work is based on real data, using real science that really works. This is not myth, and the return you receive will reflect the investment you make. In order to create massive success, you simply cannot do it with minimal investment, or with marginal marketing providers, as you have already witnessed.

In order to achieve both short-term and long-term results for your brand, we seek an initial budget of $25,000 with ongoing services to be recommended only following 30 day, 60 day, and 90 day benchmarking. We will not come back and ask for more money without a very good reason, and if we do, it is best that you spend it.

This initial budget will allow us to focus on the quality and quantity of your reach, and the creativity to achieve high conversion of your prospects into active customers and money in your pocket. It also provides the opportunity for proper benchmarking in order to make determinations of a performance-based opportunity between our companies.

The question of high quality and sustainable marketing should not include any questions of whether it is worth it. We will be pleased to provide enough quantitative data to show the value. The only question we allow room for is whether our clients care about their business enough to make a wise investment in its future.