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Every business or non-profit organization needs to develop an advantage over
other similar businesses—a "competitive edge"—in order to be
successful. Here are 7 steps to help you develop this "edge" that will
produce and retain more of what keeps your business or organization
afloat—loyal customers or donors!
1. Analyze Your Business or Organization
The first step is to analyze your business and your customers by answering the
following questions: a. What business am I really in? b. What image do I want to
project to my market? c. Who is my target market and what are they like? d.
Where can they be reached the best? e. What do my customers really buy from me?
(E.g. Are they buying widgets or the customer service that comes with widgets?)
f. What are the benefits that people derive from my products and services? What
problems do they solve for people?
Answering these questions thoughtfully can help you understand your marketing
issues. For example, you may discover that you aren't selling a product but the
convenience that comes with the product. You may begin to clearly see the type
of people who really need this convenience.
2. Develop Distinctive, Superior Benefits for Customers
Ask yourself these questions: "What benefits can a customer, client,
beneficiary, or donor, derive from our goods and services?" and "What
makes our enterprise distinctive from others?" You need to develop
distinctive benefits for potential customers that are superior to your
competition. If you don't, there's no good reason for a consumer to come to you
for business or a donor to support your organization.
3. Focus on a Particular Target Market
You've analyzed your business. You've developed superior distinctives. Now,
answer this question: Who most needs the distinctives your enterprise offers?
Understand the type of people these are and how they think and live and begin
focusing on marketing to them.
4. Define the Purpose for Your Advertising Plan
Once a competitive edge, or superior distinctive over other businesses is
established, it needs to be strategically communicated to the target market
you've identified. This communication is your advertising plan. The first step
in creating one is to define the purpose of the plan through listing measurable
objectives. "What do you want to accomplish through advertising?"
There are a few worthy options. First there's (1) stimulating a purchase
decision - get someone in your target market to decide to buy your product or
service. Then there's (2) build a company image - this is creating goodwill
among the public so they remember it when they come to a point of deciding on a
purchase. Others are (3) draw in new customers, (4) build a mailing list, (5)
increase foot traffic in a store, and (6) introduce a completely new company or
product/service into a new area. Decide which of these are your objectives for
your plan.
5. Develop a Unique Selling Proposition (USP)
Once these are answered, you're ready to focus a message on a particular target
market. Any advertisement or communication piece should be built around your
unique selling proposition (USP). This is the offer of that distinctive about
your product or service that gives you the competitive edge over other
companies. The offer must be truly unique—something people can't get unless
they come to you. When customers see or hear your USP they can answer their
question of "What's in it for me?" or "How can I solve my
problem?"
The uniqueness could take several perspectives. Is it low price, friendly,
helpful service, personal attention, a superior product, and/or long-term
support? This can be broken down. If you focus on customer satisfaction there
are typically six important sources that can provide that. Are you better than
your competition in providing (1) quality relationships with customers, (2)
quality products, (3) dedication to service, (4) convenience, (5) innovation, or
(6) emphasis on speed?
6. Select and Produce a Communication Media
When these are determined you're ready to select a communication or advertising
media. Media options include newspapers, magazines, direct mail, internet, point
of purchase ads, outdoor ads, special events or promotions, radio or TV. Most of
these need some kind of strategic design and copywriting to produce print or
web-based material like print ads, brochures, promotional sheets, letters of
appeal, web sites, posters or displays. Then the item, ad or piece is
distributed to potential customers through various means—direct mail to a
mailing list you develop, posting on your web site, publishing an advertisement,
or whatever is necessary to get the word out.
7. Evaluate the Effectiveness of the Communication
Finally, after the plan has been implemented, it needs to be evaluated on how
effective it's been. Did it accomplish your objectives? There are ways to do
this creatively. For example, coupons in an ad or direct mail that are redeemed
can be tracked. Dated coupons and coded response cards identify the time and ad
source. Also measuring store traffic or inquirers over a period of time after
advertising can be done. Or, simply asking clients who contact you how they
heard about your services. If your efforts bring in more customers and increase
sales, you're on the right track. If not, then it's time to go through the steps
again and make adjustments to your advertising plan.
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