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Strategies for Success: It's a matter of Marketing

It's December 2009 and we need to be convinced of what we will be doing right in 2010. There are two things we need to concern ourselves with in regards to marketing:

  • Position - How is the product, Service, Company or Individual 'positioned' in the market?
  • Generating Business Leads - Generating enquiries from proactive methods so that people seek you out.

You generate enquiries to create the potential of transforming those enquiries into sales.

Sales has two components which impact upon our business:

  • Process - What are the sequential steps that happen after an enquiry is generated?
  • Conversion - What percentage of those enquiries translate into real business? 

Under each of the four areas above, there are a many techniques, tools and strategies you can employ: 

Positioning

  • Pricing strategies
  • Branding
  • Uniqueness
  • Public relations
  • Newsletters
  • And more ...

Generating Leads

  • Networking
  • Referrals and recommendations
  • Teleseminars & teleconferences
  • Public speaking & seminars
  • Direct mail and email
  • And more ...

Sales Process

  • Managing the database
  • Qualifying leads
  • Using a sales coordinator
  • Pipeline management
  • Following up immediately on leads
  • And more ...

Conversion

  • Purposeful proposals
  • Consultative selling style
  • Focus on the client's wants and needs
  • Follow-up
  • Ask for the business
  • And more ...

What have we done? What needs to be done? Will we do it? When? 

The New Years are known for new, renewed and refreshed agenda, resolutions, strategies etc… and 2009 is not going to be any different from 2010. 

It’s not the New Year that work wonders but our new, renewed and refreshed thinking, where we pause, visualize the positive outlook, and move ahead to hope a brighter future 

Never stop Marketing. No matter how busy or how successful you are at any point in time, systematically market on a consistent basis.

Let me repeat: especially when you're busy

 Top Comment : Nitin M Aras   | 12 14 2009 04:55:35 +0000
Good one...arketing is the heart of the business. Strategies to work out for branding and marketing of the same is most essential part... I agree with you.
 
5 comments on "Strategies for Success: It's a matter of Marketing"
  Commented by  malladi madhukumar, AGM -MKTG, Andhra Cements Ltd    | 12 15 2009 16:06:07 +0000
Rating : +1 
 It is marketing which runs bussiness. As Mr. Nitin .M. aras said it is heart. Mr. veejay has list of important dos for maintaining the health of the heart (MARKETING). So refreshing Thank u Mr.Veejay.   
  Commented by  Balaji Nagarajan, Sr Manager Market Research, GSS America Infotech Ltd    | 12 15 2009 11:13:36 +0000
Rating : +1 
Good One - Marketing has a lot of impact on business decisions which in turn drives revenue streams. A lot of marketing analytics needs to be in place as to understand why and why not factors of business results and then create strategies for the next coming year
  Commented by  kawaljit kaur aka priya, B.Com student, ssic-vikram university    | 12 14 2009 17:55:59 +0000
Rating : +1 
mr.vijay thnx for referring me this insight.as u have mentioned that the fresh year is all about thinking and giving a headstart to fresh prespectives ,which can generate business for emerging businesses.moreover,as an entrepreneur one should be making rquired alterations in the business model or core business processes, through which innovation takes place and at the same point costs can be  brought down drasticllly.   
  Commented by  vanita Srinivasan Iyer, Proprietor, HeadStart Inc    | 12 14 2009 09:16:13 +0000
Rating : +1 
Hi Veejay,
Very well said.This will really help me in my entrepreneurial venture... Though many of these is taught in Management education. However this is like a refresher course.Thanks a ton.
  Commented by  Nitin M Aras, Head/VP/GM-Tech. Support, Wintech Taparia Limited    | 12 14 2009 04:55:35 +0000
Rating : +1 
Good one...arketing is the heart of the business. Strategies to work out for branding and marketing of the same is most essential part... I agree with you.
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