4 Crazy Myths about Marketing

Before I will work with a company on their marketing strategy, I need to make sure that they are of the right mindset.  Unfortunately too many business owners have taken to believing certain crazy myths about marketing.  Sorry, but I’m here to debunk those myths.  Here’s the top 4.

I once walked into a retail store to meet with a new prospect.   I was shocked and appalled by what I walked into.  The store was a large showroom located in a very bad part of Phoenix.  In front of the store, on the sidewalk, right next to the street, they put two sample products.  The products had obviously been out in the hot Phoenix sun for months, if not years.  They were faded, warped, dirty, and even broken.  They looked like they belonged in the junkyard.    The inside of the showroom was no different; however,  was filled to the brim with this product.   It was obviously hundreds of thousands of dollars of inventory, if not a million.  And the products on display were dusty and in disrepair.    I could go on and on.  But the fact is that the prospect needed more than marketing.  They needed to get a clue.  If you market crap, it’s still crap.  And no one wants to buy your crap.

The truth is that marketing takes time to obtain the results that you are looking for.  And if you’re looking to marketing as some sort of miracle cure for your failing business, it’s too late.  Better get out while you can.    The most successful marketing strategies are implemented consistently over time.  The marketing you do today may not pay off until tomorrow or even next year.  That’s why you should always be marketing.

While social media and publicity are much talked about marketing mediums, rarely do they produce instant results.  Both of these require consistent exposure over time. While social media does bring in new customers, you have to build a following first and that takes time.  And the only exception to the publicity rule is that you could get tons of new customers by being endorsed on a television show like Oprah.  But that situation is rare.

As an owner of a marketing firm I can guarantee you that the methods we use will get people in the door.  But nothing else.  Marketing is all about getting the word out about your business, but it isn’t directly correlated to sales.  Marketing can get people in the door, or to your website, or even on the phone.  But what happens after that is called sales and sales is up to you, your staff, or whoever is interacting with the customer.    If you don’t know how to follow up, service customers, give them what they want, close a sale, etc, all the marketing in the world won’t help.    You can’t just sit back and think that customers will do all the work themselves.  Marketing can get them there for you, what happens after that is up to you.

To be successful, marketing needs to be strategically and consistently implemented over the lifetime of a business.  On top of that, marketing can bring in new customers, but what happens after that is up to you.  Make sure that you give them reasons to buy, and give them reasons to come back.  It’s not just about the product, the price, or the promotion.  It’s about the experience, the environment, and the attitude.

Wendy Kenney is the internationally bestselling author of How to Build Buzz for Your Business available on Amazon.com, and has been featured in the Wall Street Journal, USA Today, and Newsday.

Wendy owns the company 23 Kazoos, a marketing and publicity firm in Phoenix, Arizona, that has helped companies like Culver’s Restaurants, The Arizona Farm Bureau and Tom Chambers Commercial increase their visibility through social media, publicity, and creative marketing strategies.  Wendy honed her marketing skills while working for organizations such as MetLife, WebMd, and PacifiCare.

As a Marketing Expert, Wendy speaks internationally to corporations and organizations about marketing strategy, branding, and low cost, no cost marketing.

Wendy lives in Phoenix, Arizona, with her husband Mike, and three teenage sons.   Her personal goal is to visit all of the Major League Ballparks in the US before she turns 49. So far she has been to 13.

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About Online Trading

The invention of the Internet has brought about many changes in the way that we conduct our lives and our personal business. We can pay our bills online, shop online, bank online, and even dates online!

We can even buy and sell stocks online.Traders love having the ability to look at their accounts whenever they want to, and brokers like having the ability to take orders over the Internet, as opposed to the telephone.

Most brokers and brokerage houses now offer online trading to their clients.Another great thing about trading online is that fees and commissions are often lower. While online trading is great, there are some drawbacks.

If you are new to investing, having the ability to actually speak with a broker can be quite beneficial. If you aren't stock market savvy, online trading may be a dangerous thing for you. If this is the case, make sure that you learn as much as you can about trading stocks before you start trading online.

You should also be aware that you don't have a computer with Internet access attached to you. You won't always have the ability to get online to make a trade.You need to be sure that you can call and speak with a broker if this is the case, using the online broker. This is true whether you are an advanced trader or a beginner.

It is also a good idea to go with an online brokerage company that has been around for a while.You won't find one that has been in business for fifty years of course, but you can find a company that has been in business that long and now offers online trading.

Again, online trading is a beautiful thing – but it isn't for everyone.Think carefully before you decide to do your trading online, and make sure that you really know what you are doing!

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