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Marketing Your Business
The reason we promote our business locally is to increase PROFITS
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Two Methods Blanket Marketing Target Marketing
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Customer Contacts 2% of sales made on the First Customer Contact
3% of sales made on the Second Customer Contact 5% of sales made on the Fourth Customer Contact 10% of sales made on the Third Customer Contact 80% of sales made on the Fifth Customer Contact
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What is a Customer Contact?
Customer Contacts What is a Customer Contact?
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Every 100 cards expect up to 2 Enquiries not Orders
Customer Contacts Every 100 cards expect up to 2 Enquiries not Orders
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Local Promotional Plan
Last produced in 2010 updated for 2015
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Financial Changes in Circumstances
Customers Who Stop Our Service Customers Die Customers Move Customers Retire Financial Changes in Circumstances
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Case Study
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1960’s Had 88% Market Share of Stout Market in UK
Guinness in UK 1960’s Had 88% Market Share of Stout Market in UK In First Year lost 31% market Share
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Guinness in UK Doubled Marketing Budget in third year
Increased Market Share by 1%
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Guinness in UK Did not recover their original Market Position until early 80’s Cost over 20 years Equivalent to 5 times original budget each year
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Pick what you want from the program
2015 Promotional Campaign Pick what you want from the program BUT Do IT Well!
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2.5% of Projected Turnover to Maintain Status Quo
How Much Should I Spend? 2.5% of Projected Turnover to Maintain Status Quo 4.0% of Projected Turnover to Increase Turnover if profitable last year 10.% of Last Year's Turnover to Increase Turnover if Unprofitable last year
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Target 10,000 Telephone Calls
An Increase of 87% on 2014
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