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1 Marketing & Selling in Tough Economic Times Presented by Howard London, President, Silver Fox Advisors. Rick Schissler, Vice President, Silver Fox Advisors. Phil Morabito, CEO, Pierpont Communications. Mark Miller, CEO, Strategies For Success, Inc. ®
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2 Become Marketing Driven “Marketing is a Contact Sport” Internally (If you can’t serve the customer, serve the one that does) Touch All of Your Stakeholders Produce a Marketing Action Plan
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3 Marketing Action Plan Vision & Mission for Tough Times Near & Long Term Objectives Assess Your Organization Assess & Research Your Market Determine Company Advantages SWOT Analysis Low Cost Strategies, Tactics, Timing & Budget Selling in a Down Economy Implementation & Evaluation
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4 Assess Your Organization Business Description Financial – Cash & Credit Operations & Personnel Proprietary Positions Marketing Team
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5 Assess & Research Your Market Clients, Market Segments & Targets Market Size, Market Share & Trends Market “Niche” Opportunities Vendors, Competition
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6 Company Advantages Differentiation What can you say, others can’t? Marketing Messages
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7 SWOT Analysis Strengths Weaknesses Opportunities Threats
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Phil Morabito February 26, 2009 Marketing and PR in Times of Turmoil
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Situation Analysis Everything has changed Nothing is easy You must be visible — not invisible Time to rethink your strategy
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Target / Focus Get crystal clear on your target customer (do research) The more specific the better Narrow your activities High frequency / high impact You must work harder and smarter
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Messaging Sharpen your messages Be certain all employees understand Implement them in all your tactics
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High Impact / Low Cost Tactics Networking Power mapping Media relations / reprints / digital Speaking / seminars E-mail marketing Engage / entertain/ enlighten your customers Stage targeted events Partner with others
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Reach Out and Touch Early / often / deep Reinforce relationships Take no one for granted Fill your breakfasts / lunches / drinks / dinners Develop new influencers
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Do Something Different Monthly lunch Tasteful PR series Musical night (TUTS) C-level dinner Unique gifts for clients
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Sales Ask for referrals Be bold Have a unique approach Develop a value strategy
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Measure and Hold Accountable Give things time, then measure Hold all employees accountable Spend and invest your dollars
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The Beauty of a Recession You sharpen your sword You do things you’ve never done You are forced to be innovative Your successes are sweeter You come back stronger...if you do the right thing
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18 Selling in a Down Economy IF YOUR COMPETION IS DOING IT, STOP DOING IT RIGHT AWAY!!
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19 Selling in a Down Economy 1. Interests 2. Needs 3. Features & Benefits 4. Close 5. Objection 6. Features & Benefits 7. Close
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20 Selling in a Down Economy 1.Interests 2.Needs 3.Features & Benefits 4.Close 5.Objection 6.Features & Benefits 7.Close BUYERS HAVE A PROCESS 1.MISLEAD 2.Steal 3.Lie 4.Chase
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21 Charles Dickens, “It is the best of times, it is the worst of times” Selling in a Down Economy
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YOU & YOUR COMPETITION _______________ MAKE PRE & POST CALL AGREEMENTS 22 STRUCTURECONTENT CLIENTSALESPERSON CLIENT
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23 Implementation & Evaluation
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24 Implementation & Evaluation
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25 Implementation & Evaluation
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26 Implementation & Evaluation 90-Day Marketing Action Plan Evaluate The Marketing Campaigns From The Previous Quarter #Marketing CampaignList or Segment TargetedCost Number of Clients/Sales ROIWhat Changes or Improvements Before Repeating? 1 2 3 4 5 6 90-Day Marketing Action Plan
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