December 30, 2008
Building our Business with a Plan
How we are creating and implementing a marketing plan for our online contact lens business during these challenging and uncertain times?
These are indeed crazy times but businesses are growing while others are dying. How can your business be one that is moving in the right direction?
Let me answer a question with another question and go from there…. are you actively trying to grow your business right now? If not, your business is dying!
In an earlier blog post we talked about growing a business through education. Marketing by using educational seminars is not right for every business. A business we are actively trying to grow is http://clecontactlenses.com. As you probably know, this is an online retailer of contact lenses, accessories and supplies. We are a well respected site that was founded more than ten years ago and run by two prominent NYC eye doctors. With tens of thousands of customers, we pride ourselves on outstanding customer service and great prices for brand name contact lenses, solutions and supplies.
So what are we doing to grow a niche business like http://clecontactlenses.com?
A) We started with a plan. We’ve put together a marketing plan. This plan is born from a basic analysis and discussion about the industry http://clecontactlenses.com is in and where our customers come from. The plan includes not only who our clients are but an out of the box discussion about where new clients might come from
B) We identify different marketing strategies:
a. Space advertising
b. Direct mail
c. Telemarketing
d. Seminars
e. Web marketing
i. SEO
ii. Adwords
iii. Viral marketing
iv. Outbound email marketing
v. Affiliate marketing
f. Video marketing
C) We allocate a budget to each item that make sense and if a particular strategy does not make sense for a particular business (i.e.: trade shows for an online contact lens company) we assign zero dollars to that line item in the budget.
D) We test, test and test some more. We quantify what our expected results are vs. what our actual results are before during and after various stages of a marketing campaign. This is easy to do when it comes to direct mail and web advertising as you can set up special landing pages or phone numbers that let you know that a client or prospect is responding to a particular campaign. It’s not as easy to measure results for intangible marketing strategies like seminars.
E) We tweak & adjust. We will fund elements of the marketing plan that work well and cut back on areas that don’t.
F) We keep it up. Many businesses are committing a cardinal sin right now. They are freezing up their marketing spend because of uncertain times. When others are pulling back successful businesses are pushing forward.
While there is really no secret recipe for success that can be generally applied across the board to every business, what can be said is this: a business that continues to promote, adapt and change in the face of adversity is a business that will be stronger because of it.
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