Larry Brauner

I’ve written about the problem of spam both offline and online at social networking sites in How Do You Like Your SPAM? and Why Do People SPAM?

With this article, I’m delivering on the promise I made last week to discuss marketing channels you can use to promote yourself or your business — without ever resorting to spam.

Legitimate promotion alternatives fall primarily into these basic categories:

  1. Advertising - Expect to pay — unless you prefer getting marginal results, running around town, lurking in parking lots and posing for security cameras, all while schlepping around stacks of flyers and carefully avoiding people you know. Online, free advertising attracts people without money and spammers, although you may get good results with Craigslist. Offline advertising includes newspapers, magazines, direct mail, radio, television, offline directory listings and billboards. Online advertising includes Pay Per Click, e-zines and online directory listings. I do not recommend using banner ads. Advertising ROI will depend on the net lifetime value of each acquisition or conversion and the cost of each acquisition.
  2. Press Releases - If your business is newsworthy, or if you can create a newsworthy event, then you may be able to get some free exposure. Your press release needs to be well written in a suitable format and distributed either offline, online or both.
  3. Speaking and Contributing Articles - It is an accepted practice to establish your reputation and generate leads by speaking at meetings or contributing articles to journals. Don’t expect to get paid anything until you become a recognized expert in your field.
  4. Strategic Alliances and Joint Ventures - A business or list owner promotes your offer to his or her clients or e-mail list based on an agreement through which you both stand to gain. It’s not uncommon to give a joint venture partner all the profit from an initial product offering in exchange for helping you to add new contacts to your list.
  5. E-Mailing Your List - You can send relevant commercial messages to subscribers who previously opted into your database. Try to avoid using purchased lists. If you must, be sure you know with certainty that the subscribers agreed to receive offers from third parties. Be genuinely helpful and careful not to abuse your list.
  6. Search Engine Optimization - You’ll need a web site, and unless you’re an SEO maven, you’ll have to pay for SEO services. There’s more to doing effective search engine optimization than most people realize. However, SEO will be worth the trouble if it gets you ranked high up in the free organic search engine results that most searchers look at and care about.
  7. Social Media - Social marketing is similar in philosophy to speaking and article contribution mentioned above. You share online videos and articles to educate, inform and entertain people, and to build a relationship with them. If they want your product or service, they’ll be inclined to buy it from you, since they know you, and you’ve earned their respect. Your blog on a social networking site, a blogging community such as Blogger.com, or you own hosting, are good places to share your content. For ideal results, create and post new original content on a regular basis. If your content is geared toward your target market, then you’ll attract qualified customers to you and your site.
  8. Business and Social Networking - Networking is meeting new people and developing relationships with them. You can network at your local Small Business Association, Chamber of Commerce or BNI. I can go to Network Plus, a group in my area founded by Ted Fattoross. Online social networking is more convenient. You network from your computer at any of thousands of social networking sites. My favorites are Ning and Facebook. You build relationships by asking questions and getting to know people. Keep in mind that spamming doesn’t work at all, and exchanging business cards is no more than a cordial first step in starting a relationship.

I like the web marketing channels: my e-mail list, search engine optimization, social marketing and business networking. I coordinate them to benefit from the synergies between them.

Now it’s your turn.

Which methods do you use? Which ones are you hoping to use in the future? What challenges do you foresee?

Did you enjoy this article? Subscribe to my RSS feed or by e-mail. Also, visit my About, Services, Media Buzz and Connect pages to learn about Building Your Audience and Brand on the Web.

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Larry Brauner

This post is somewhat longer than usual. Sorry for that, but I put a lot of work into it. I hope you like it.

Last Wednesday during my regular bi-weekly business mentoring tele-conference I revealed several powerful business success secrets.

While I was specifically addressing entrepreneurs, small business owners and sales professionals, these principles apply to all people and to all areas of our lives, not only business success.

Have you noticed? The year 2008 is half over.

Near the end of 2007 I posted Personal Development: 10 Simple Success Strategies to “help turbo charge your personal development in the New Year”. This may be worth re-reading if some of your goals and objectives have lost much of their earlier inertia.

Commitment

What are you committed to?

Mike Hernacki in The Ultimate Secret to Getting Absolutely Everything You Want wrote:

“In order to accomplish something, you must know what you want and be willing to do whatever it takes to accomplish it.”

It sounds too simple, doesn’t it? However, it is your intention and commitment that set The Law of Attraction into motion on your behalf.

Want proof?

Reflect back on your most important accomplishments, such as raising a child, getting a college degree, running a marathon, starting a business, or developing an Internet presence, and you’ll agree that your commitment to your success was absolute.

It wasn’t that you felt obligated. Rather you felt that the goal was extremely important to you, and that you would deal with any obstacle that might arise — without knowing in advance exactly what would be demanded of you on your way to success.

Without total commitment The Law of Attraction would have probably delivered an obstacle that you would not have been willing to handle, and you would have failed.

This success secret is so important that I’ve read Mike Hernacki’s timeless book about a dozen times over the past decade.

Acquiring New Skills

I am commited to ongoing personal development and acquisition of new knowledge and skills. I read mind expanding books, blogs and e-books.

Your objective may require the mastery of new skills – or it may not. Your willingness to do what it takes is what really matters. If new skills are required, then you must be ready and willing to learn them.

Working Hard

You may be required to apply a great amount of effort. When I wanted to run the New York Marathon in 1984, strenuous preparation was absolutely necessary. In 1985 that was still true but to a lesser extent, since I had maintained a high level of fitness in the interim.

Tenacity and Persistence

Let’s bring this home.

You want to develop a presence at one of your favorite social networking sites – or you want to write a blog – or you want to build an Internet presence. These objectives usually require a high degree of tenacity.

So often people abandon online social networking, blogging or social media optimization without realizing their objectives. They weren’t willing to persist. Perhaps their belief system was weak.

I have been social networking online for many years. I have continuously posted to this blog for nearly eight months.

Why?

I know what I want, and I’m willing to persist until I achieve it.

Belief

As I stated in Personal Development: The Law of Belief, “Our motivation and how we act is determined by our underlying beliefs.

“If we don’t believe that something is possible, we won’t even try to make it happen. Please listen to a conference call I recorded on 8/22/07 that illustrates this concept.”

A healthy belief system is critical to success in business and life.

Treat Your Business Like a Business

Production

Showing up counts for something, but it doesn’t count for enough.

Success in business and life depends on producing value either directly or indirectly through people you influence.

If you have a job and don’t produce, you won’t get very far, and sooner or later you won’t have a job.

If you have a business and don’t produce, you won’t have money in the bank.

If you don’t come through for people, you won’t have their friendship.

You must make a positive contribution in order to be successful.

One way to ensure that you’re productive is to set daily or weekly goals or benchmarks.

For example, let’s suppose you’re in sales. You need to make six product sales per month to meet your business objectives. In order to make six sales, you need to make 15 presentations. To get 15 appointments, you’ll need to speak to 60 people.

You work about 20 days per month. On average you will have to speak to three people per day in order to speak to 60 per month.

Your benchmark or goal becomes three a day. If you focus on 3+ per day with consistency, you will likely make your six product sales per month.

You’ve succeeded at breaking down your abstract monthly goal into concrete daily actions.

Diversification

Big corporations employ a wide variety of media and messages to bring their product to market. They advertise on television, radio, in print and through direct mail. They experiment with many versions of their ad copy.

You cannot do everything a giant company can do, but why not learn from their example?

If you use half a dozen methods to reach out to your potential clients, you’ll enjoy these benefits:

  • You’ll achieve success with some approaches, even if others fail.
  • You’ll attract a wider variety of clients than using a single method.
  • You’ll be able to see which methods perform better relative to each other, so that you can refine your marketing plan.
  • You’ll lower your overall risk through diversification.

Here are some of my favorite marketing channels:

Over time you’ll develop your own favorite marketing channels if you haven’t already done so.

Tracking and Analysis

If you want to make informed business decisions, you must track your results and analyze your data. If you can’t do it yourself, then you must get an expert to do it for you or show you how to do it.

Tracking and analysis are not something optional.

Let me ask you, would you even consider driving your car with your eyes shut?

You can’t afford to run your business with your eyes shut or even partially covered.

Cost per Acquisition

One of the most basic marketing measurements is cost per acquisition, the amount that you’re spending on average to complete a sale using each marketing method. Simply put, it’s the total spend divided by the total number of sales.

It is important to consider your staff costs including your own time, not just the out-of-pocket expenditures for design and media.

Cost per acquisition is an excellent way to compare marketing channels, but there is one very important caveat. Customers from one marketing channel may be more valuable than from another. Therefore marketers must take into account customer long term value, the other side of the equation.

Customer Long Term Value

Customer long term value can be difficult to calculate, but it is generally approximated as the income you expect to earn from a customer over a 12 to 24 month period. If your business is on the risky side, lean towards 12 months. If it is very stable, then 24 months may be appropriate.

To be successful, cost per acquisition cannot exceed customer long term value. It ought to be less.

Trend Data

You can also track your performance or the performance of your staff. Trending performance data and marketing data over time will help you see the bigger picture.

Masterminding and Mentoring

As stated in my post Even Mentors Need Mentors, “I learn from reading many books, e-books and blogs, and from speaking frequently with friends and mentors. Having mentors has greatly shortened my learning curve.”

Masterminding with your peers and seeking out mentors will help you as much or more than any other single strategy mentioned in this article.

Please feel free to comment and share those strategies that have made the biggest difference in your business and personal endeavors.

Did you enjoy this article? Subscribe to my RSS feed or by e-mail. Also, visit my About, Services, Media Buzz and Connect pages to learn about me and my social media and web marketing services.

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