Marketing
With a Lead Generation Sonar
By © Michel Fortin
A common mistake online businesses make
is when they attempt to market their company, web site or product through
institutional marketing methods. Institutional or conventional marketing
is the kind that simply says "I'm open for business." It really doesn't
do much. In essence, it simply advertises the mere existence of a business
or web site -- it does not direct its audience in a clear, specific and
succinct way to take some kind of action.
Using these types of approaches marketers
fail to produce the results that they seek and then usually wonder why.
Institutional marketing is what marketer Dan Kennedy calls "GoodYear Blimp"
marketing -- like the GoodYear blimp, which hovers over a football stadium
filled with cheering fans, the aim is to instill warm, fuzzy feelings about
Good Year into the mind.
Obviously, the marketing executives at
GoodYear are certainly not thinking that people will leave the stands at
half-time and rush out to buy their tires. But, like Dan explains, their
strategy is to have people associate -- likely at a subconscious level
-- warm, fuzzy feelings with Good Year by flying the blimp during an emotional
event. And the next time they are in need of, say, winter tires, Good Year
is hopefully the instinctive choice.
When Internet marketers apply institutional
marketing however, the problem that they often encounter is the fact that
this type of approach tends to generate little or no business because of
the "click-happy," direct response nature of the web. Agreeably, it may
produce some results over time. But more often than not, the response produced
is generally one comprised of curious or unqualified prospects -- or "suspects,"
in other words.
Because of the hypercompetitive nature
of the Internet and the fact that it is constantly bombarding us with information,
trying to catch decent fish (i.e., good, qualified prospects) in an ocean
filled with millions of minnows can sometimes be worse than trying to find
a needle in the haystack. In the end, it can become frustrating and often
self-effacing.
Take It Step By Step
However, what I call directional marketing
is an approach in which people are asked to do something -- anything, be
it to click on a link, subscribe to an ezine or buy a product. However,
this goes beyond simply getting prospects to recognize that the business
exists on the web or even leading them to a favorable outcome. It also
includes the process of finding good quality visitors that isolate themselves
from the curiosity-seekers.
The goal here is to generate what I call
"expects" (i.e., prospects that are qualified, interested and ready to
buy, or in other words prospects that are expecting to do business). But
often, marketers think that by selling themselves right in their advertisements
they will get not only an immediate response but also immediate business.
On the web, this oftentimes backfires and can even take away customers,
which is counterproductive.
A concept that's been around for years
but has recently become very popular is multi-step marketing. It's a process
in which businesses use direct marketing in order to obtain an immediate
response from their efforts. However, they use this technique to isolate
their expects from their suspects -- and not necessarily to sell their
products directly.
They do so by offering a free (or low cost)
report, software, ebook, sample, article or service. However, little do
people know that the product is part of a gradual qualification process.
For example, advertisers will offer a freebie that somehow targets their
perfect customer. In other words, those who respond are likely to fall
within the advertiser's target market, thereby isolating themselves from
the rest of the fish in the ocean.
Often called "lead generation marketing,"
this process helps marketers to define, identify and qualify their market
more clearly. In the end, it is easier and more cost-effective to promote
regular, larger or more pricey offers to an audience that has somehow identified
itself beforehand as being apt to buy. Moreover, the process alone can
help stimulate more profitable sales by increasing a prospect's level of
interest along the way.
Having consulted many cosmetic surgeons,
I've realized that this process is obviously essential if not vital. For
instance, no one can call a person on the phone and outright ask if that
person is bald and wants more hair, especially without knowing if that
person is bald in the first place. However, doctors will first advertise
a free information kit offer, which explains the procedure and the potential
results of hair transplantation.
Naturally, people who respond will fit
into that specific demographic. More importantly, these prospects are not
only demonstrating the fact that they are suffering from hair loss but
also identifying themselves as being in the market for some kind of solution
to their "problem." Doctors are therefore isolating their patients from
the crowd -- people who not only need more hair but also want more hair
(since not all of them do).
Tune In With Your Leads
If you offer a specific product online
that caters to a certain target market, get your market to come forward
before you attempt to sell your product to them. Again, with information
being in high demand, products such as ebooks, articles and free reports
are quite effective in this regard. They don't have to be product-specific
or industry-specific. As long as they target an audience that fits within
your target market, you're OK.
An example I often give of directional
marketing is the piano business. Pianos consist of a row of metal strings
similar to a guitar. When a key is pressed, a piece of felted wood (called
fulcrum) hits a string, which in turn produces a specific note. These strings
are held both in place and in tune by a series of tuning pegs screwed into
a wooden plank. Essentially, the tension applied to a string is what controls
a note's specific pitch.
Like the guitar, in order to tune a particular
note the peg is screwed a little tighter into the wood until the string
itself becomes tighter and creates the desired pitch. Over time however,
pegs eventually strip the wood and older pianos tend to fall out of tune
considerably. Pegs are then replaced with larger ones until, one day, the
piano is too old and broken beyond repair.
Many unscrupulous salespeople will "dope"
pianos so that they remain temporarily in tune until these instruments
are sold to unsuspecting buyers. They do this by spraying water onto the
wooden planks inside, which causes the wood to expand and thus grip the
tuning pegs more firmly. But eventually, the water evaporates as pianos
return to their original state. And once buyers become aware of the problem,
it's already too late.
A piano salesperson ran a small classified
ad. It said:
"Beware parents in the market for a piano!
Many parents buy used pianos for their kids because they don't know if
they'll love music and want to minimize the risk of losing their investment.
However, many used pianos are internally broken and temporarily 'doped'
in order to be sold quickly -- only to become broken again when it's too
late. Before you buy any piano at any price, call for our free, special
report, 'Don't Let Piano Problems Put Your Bank Account Out Of Tune: Six
Ways To Find Commonly Hidden Problems With Used Pianos'."
His report not only explained hidden faults
commonly found in older pianos, but since he was catering to a target market
(i.e., parents) it also went on to explain how used pianos fall out of
tune quickly causing children to learn the piano the wrong way and eventually
to lose interest -- let alone the parents' money. Consequently, parents
who responded to the advertisement were naturally in the market for a piano
for their children.
Of course, what the salesperson really
wanted was to get these parents to buy new or professionally refurbished
pianos from him. But the resulting effect was that the report not only
brought qualified prospects to his door, which made it easy for him to
target his market, but also instilled in his prospects a greater confidence
in the salesperson for supplying such a valuable service. Unlike a blatant
ad, the report gave the salesperson instant credibility.
In essence, look at lead generation as
a form of job search. Like institutional marketing, people often send bulky
resumes to potential employers in an attempt to sell themselves when very
often their attempts get filed away -- into the round file, that is. However,
most career consultants stress the importance of summarizing a resume into
a single page because, simply put, a resume is not meant to land a job
but to land an interview.
In the same way, try to land "interviews"
with your prospects and not just sales. Find ways of magnetizing your site
by offering something for free (or something that can be sold for a minimal
cost) that, when acquired by your interested visitors, helps you to isolate
your expects from your suspects. In other words, think of your lead generator
as a sonar that will help you to find the fish you really want rather than
fishing in the middle of the ocean.
About the Author:
-----------------------
Copyright (c) Michel Fortin is an author,
speaker and Internet marketing consultant dedicated to turning businesses
into powerful magnets. Visit http://SuccessDoctor.com
He is also the editor of the "Internet Marketing Chronicles" ezine delivered
weekly to 100,000 subscribers -- subscribe free at http://SuccessDoctor.com/IMC/
"It's your unlimited
power to care and to love
that can make
the biggest difference in the quality of your life."
Tony Robbins
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