Today, I would like to discuss a few things about Marketing. The main thing that I would like to accomplish here is to get the spirit of marketing going. But when I say Marketing, I do not mean just any kind of marketing but I am considering really direct marketing, mixed with guerrilla marketing, mixed with bootstrapping.
I feel that this is the kind more suited to small independently owned businesses as opposed to very large corporations. I am sure that there are some who do not know what guerrilla marketing is so I would like to discuss that briefly. Guerrilla marketing is marketing that is of a bootstrapping nature mixed with direct response marketing mixed with a certain mindset which I shall expound on later.
So now we have direct marketing, guerrilla marketing and bootstrapping. These are all very good activities for the small business owner. And these are skill areas of business that owners should definitely seek to master seeing they help to keep cash flowing into the business.
First it is probably best to focus an eye to what direct response marketing is then add to that a word about bootstrapping and then finally add a brief comment about the guerrilla effect to all of that. These all work so wonderfully at promoting a business and of making successful marketing such a doable thing for the small enterprise.
Direct marketing is more accurately, direct response marketing. The main purpose of it is to get a response toward a sell from a prospect or a customer as opposed to say brand awareness or brand building. A large corporation might spend 3 million dollars for a commercial during the Super Bowl and during that spot not even present any special offer or seek to elicit a response to buy. It might only present a funny spot to get the company’s name out in front of the audience.
For example Pepsi Cola has spent millions over the years on brand building so that people will be aware that Pepsi is still alive and kicking. Large amounts of money is spent for it to continue to be a “Brand Name product”. Small operations should not use much of there resources focusing on building a brand at least not at first.
Only three beautiful Terrier pups left, from great breed stock, offering them at a 25% discount, won’t last long, call me fast at 555-will-b-gone-soon”.
Now this is a great ad that seeks to elicit a response and this is how small businesses should advertise. This is one of the principles of direct marketing which will definitely put money in the bank. Now let’s look at what you see many times from small operations, which should really be avoided.
Tim’s Automotive Repair… we provide full car care services..we do brakes, oil changes, Tune-ups, diagnostics..We are located at the corners of “Anytime You Decide to and…” Take your Time To Come On Down”
Now millions and millions of dollars of small business money go to ads just like this one which makes no real offer and elicits no feelings of urgency to respond. Because no directive is given to respond, there is usually very little response. And lots of money is as a result left on the table…. Smaller operations can not afford to do this.
Now good direct response marketing strategies should definitely be incorporated with bootstrapping. And bootstrapping , according to Guru Marketer Seth Godin, is really a mindset more so than a financial condition. It arises from the thought that the business should start out profiting almost immediately and that investments in the business should be basically financed from the revenues from the business. And that business owners should always first ask “how can I get that.. or how can I do this… without having to use money”.
So mixing bootstrapping with direct response marketing turns out to be a beautiful combination in small and even mid-size operations.
And lastly, adding the guerrilla marketing effect produces a three component powerhouse which provides a great foundation upon which to launch and run a business. I say guerrilla marketing Effect because this kind of marketing is really and foremost a certain kind of business ingenuity.
Ingenuity as in the word ingenious and in the word genius. Guerrilla marketing is to market with a real, down to earth.. common sense genius that is closely in touch with the common man. And so this wise common sense approach is able to produce decisions that outwit big business bureaucracies and also other small operations who fail to use such an alert ingenuity. So here you have a few items that bode well for the small businesses who take advantage of them. And they all work really well in the area of customer procurement; which is Marketing.