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Up to Here with Credit Card Processing Limits thought that, more than ever, at a time when the advertising aspect of marketing are under severe questioning as to its effectiveness, that a few, unquestionable research studies proving, once an for all, that advertising works, would be extremely well received!When a merchant signs a contract with a credit card processing provider, said business owner must indicate the anticipated monthly volume, average ticket and highest ticket. Invariably, merchants (especially new ones), have an exceedingly difficult time with this speculation process. It’s not easy forecasting one’s volume of business, let alone how much will be secured through the use of credit cards.Despite the arduous task of predicting limits, it is always best to OVER-estimate the volume. While the merchant needs to use reasonable assumptions in arriving at these figures, an overinflated amount may preclude a problem in the future.Suppose a merchant indicates that the highest anticipated amount will be $1,000 for any given transaction. If But then again, and to the best of my knowledge, there is still not one research study that establishes conclusively that advertising sells prod How To Save Advertising Dollars For Small Businesses This weeks issue of Marketing is, as they proudly announce, their 75th Anniversary Issue.Businesses usually spend about 2 to 5% of their annual gross sales on advertisements. Some companies use the cash method yet others use the task method for determining their advertising budget. Cash method is when they use that 2 to 5% of gross sales for advertisements and task method is determined based on their past experiences.It is imperative that small businesses do not waste the small amount of money they can afford on advertisements by using ineffective marketing and advertising strategies. They have to figure out how to save money yet not compromise on the quality and reach of their advertisements. They will have to do market research, be very clear who their target market is, develop a catchy yet inoffensive way of conveying the right message to So I eagerly grabbed it hoping that it was going to reveal not only the past history of Marketing and Advertising in England but, and to me, more importantly, the exciting future that lays ahead. Was I ever wrong! There was not one mention of the word “communication”, despite the fact that, in my opinion, successful communication is what marketing is all about. Rather there was a self-congratulatory note, like the headline to one article “Changing Times, lasting truths.” Which said, basically, “The advertising industry has changed enormously in 45 years. Or has it? Then it went on to say “…reading an article on choosing an agency in 1962 appearing in Marketing they found many of its recommendations relevant today”! Really! I don’t think so at all, the communications scene has changed so much and advertising agencies are falling by the wayside. As the Magazine says, consumer tastes, technology and media channels have all changed beyond recognition since the 30s, but the industry’s core principles have remained remarkably constant! Best summed up by the words “One trick ponies” There was even an article on the success of BT, this little gem “Understanding and spelling out the importance of connections to our consumers has summed up BT’s marketing efforts of the past 25 years, its strong history of popular advertising is testament to this” Really? And there’s the rub, throughout this little 75th exercise there was not one mention of accountability And one would have thought that, more than ever, at a time when the advertising aspect of marketing are under severe questioning as to its effectiveness, that a few, unquestionable research studies proving, once an for all, that advertising works, would be extremely well received! But then again, and to the best of my knowledge, there is still not one research study that establishes conclusively that advertising sells produ Who Killed Company Loyalty? successful communication is what marketing is all about.Company loyalty is dead. That’s what we continuously hear. This crop of employees is not loyal to their company or to their boss. Have you ever experienced this: a key employee quits out of the blue for a “better” job and you wondered, how could she? Turnover is high in your organization and you thought, what’s wrong with these people?Loyalty is dead and study after study seems to confirm this. Today’s employees will have an average of nine different jobs in their career—nine different jobs! That’s a real change from that older generation of workers who joined the company and stayed long enough to get their pension and their gold watch. Those were the “good ole days.” What happened? Who killed company loyalty?Before we damn this generation of work Rather there was a self-congratulatory note, like the headline to one article “Changing Times, lasting truths.” Which said, basically, “The advertising industry has changed enormously in 45 years. Or has it? Then it went on to say “…reading an article on choosing an agency in 1962 appearing in Marketing they found many of its recommendations relevant today”! Really! I don’t think so at all, the communications scene has changed so much and advertising agencies are falling by the wayside. As the Magazine says, consumer tastes, technology and media channels have all changed beyond recognition since the 30s, but the industry’s core principles have remained remarkably constant! Best summed up by the words “One trick ponies” There was even an article on the success of BT, this little gem “Understanding and spelling out the importance of connections to our consumers has summed up BT’s marketing efforts of the past 25 years, its strong history of popular advertising is testament to this” Really? And there’s the rub, throughout this little 75th exercise there was not one mention of accountability And one would have thought that, more than ever, at a time when the advertising aspect of marketing are under severe questioning as to its effectiveness, that a few, unquestionable research studies proving, once an for all, that advertising works, would be extremely well received! But then again, and to the best of my knowledge, there is still not one research study that establishes conclusively that advertising sells prod Career Change Advice tions relevant today”!Are you struggling in your current job? Have you looked for career change advice in all the traditional places – career counselors, business magazines, trade journals and are still stuck in a job you hate? Below is an easy process to get you moving forward.How Unhappy are You on a Scale of 1-10?Most people need to encounter significant dissatisfaction and pain in order to step outside of their comfort zone and make changes. What is your level of satisfaction? On a scale of 1-10 with 1 being "I can barely get out of bed in the morning" and 10 being "I would do this work for free", what is your level of satisfaction with your current work situation?Do I Hate the Work Itself?If you are doing your right work, you will get energy from you Really! I don’t think so at all, the communications scene has changed so much and advertising agencies are falling by the wayside. As the Magazine says, consumer tastes, technology and media channels have all changed beyond recognition since the 30s, but the industry’s core principles have remained remarkably constant! Best summed up by the words “One trick ponies” There was even an article on the success of BT, this little gem “Understanding and spelling out the importance of connections to our consumers has summed up BT’s marketing efforts of the past 25 years, its strong history of popular advertising is testament to this” Really? And there’s the rub, throughout this little 75th exercise there was not one mention of accountability And one would have thought that, more than ever, at a time when the advertising aspect of marketing are under severe questioning as to its effectiveness, that a few, unquestionable research studies proving, once an for all, that advertising works, would be extremely well received! But then again, and to the best of my knowledge, there is still not one research study that establishes conclusively that advertising sells prod Why Should I Spend my Hard Earned Money in Your Store?
There was even an article on the success of BT, this little gem “Understanding and spelling out the importance of connections to our consumers has summed up BT’s marketing efforts of the past 25 years, its strong history of popular advertising is testament to this”Your prices are similar to your competitor. The service and selection is comparable also. Why should I shop with you?Unfortunately, the previously mentioned statements describe most retail stores. There isn’t much difference in the competition and you. Running a profitable store is difficult. Smart Retail Store Owners look for any advantage. Store Owners have a tendency to think short-term instead of long-term.The key to having a profitable store is to make it stand out for all the right reasons. You can keep your everyday pricing and perform this goal. Just be aggressive with ad pricing, plenty of special events to get a steady stream of customers in your store. Use superior customer service to WOW them and keep the customers coming back.< Really? And there’s the rub, throughout this little 75th exercise there was not one mention of accountability And one would have thought that, more than ever, at a time when the advertising aspect of marketing are under severe questioning as to its effectiveness, that a few, unquestionable research studies proving, once an for all, that advertising works, would be extremely well received! But then again, and to the best of my knowledge, there is still not one research study that establishes conclusively that advertising sells prod Do You Use Sea Gull Management? thought that, more than ever, at a time when the advertising aspect of marketing are under severe questioning as to its effectiveness, that a few, unquestionable research studies proving, once an for all, that advertising works, would be extremely well received!I’ll bet you don’t have a clue as to what I am talking about – Sea Gull Management.Let me give you a scenario. The typical manager flies into the department, rapidly flapping his wings while squawking loudly enough to hear it in the next building. He then squat shakes his butt, craps all over his employees and flies out of the department. For those of you with less vivid imaginations, it is when a manager delivers only bad news, never praise or positive feedback or recognition.Ever worked for someone with this approach to management? De-motivating wasn’t it? Many managers just don’t get it. Most employees would like to be effective, do a good job and get their work done on time and right. Problem is, many organizations sabotage employee performan But then again, and to the best of my knowledge, there is still not one research study that establishes conclusively that advertising sells products! If you accept my thesis that the key to successful marketing is successful communication followed by successful selling. Then allow me to insert here the correct definition of the word “communication” and I would, at the same time, like to suggest that this should have been included in the 75th Anniversary Issue of Marketing. What is communication? After a little thought, most people come up with a definition that is about transmitting and receiving information. A little more thought might produce the word exchange. This is more satisfactory, but still assumes that communication is about moving something about conveying, or sending, or delivering, some commodity called ‘information’. In fact, the word has quite a different root meaning. It derives from the Latin communis, meaning ‘common’. Or ‘shared’. It belongs to the family of words that includes communion, communism and community. Until you have shared information with another person, you haven’t communicated it. And until they have understood it, the way you understand it, you haven’t shared it with them. Communication is the process of creating shared understanding. Never once did this special edition of Marketing mention the fact that we must change in the way we think about media, there must be a major shift away from thinking about media as ‘channels’ down which we tip messages and information. Only in so far as they serve and help advertisers access and harness the power of the social networks that lie behind them. Neither did this issue of Marketing once seriously discuss research, especially focus groups, both of which
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