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March 2004 · In Like a Lamb, Out Like a Lion
to this month's edition of M45 Momentum, a monthly e-newsletter for the business community featuring tips, trends and trivia from the experts at M45 Marketing Services.
It is said that March "comes in like a lion and goes out like a lamb." Let's see how we can turn this springtime catch phrase around, to help you turn your marketing efforts from timid to aggressive...in 45 seconds.
Having trouble with the formatting? An HTML version of this newsletter is always available at www.m45.biz/resources/momentum/3_2004.asp. |
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Economic indicators, wages, spending, productivity, safety and health—it’s all critical information for running your business and understanding where the remainder of 2004 may head. As an employer or employee, these data are critical for current and future business planning. Here are a couple of free resources with the most definitive statistics you can find:
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“I know that half of my advertising dollars are wasted. I just wish I knew which half.”
If this semi-famous, unattributed quote sounds like something you’d say, you’re not alone! Listening to advertising reps, you could be convinced that every one of them has the best coverage, the best distribution and the best results of any publication in the history of publishing.
So, how do you decide? Well, it starts with the ad itself. What are you selling? To whom? How is it different from what your competitors offer? Why are you doing the ad in the first place?
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Once you have those questions answered—and know how advertising fits into your overall marketing or promotion plan—you can move on to deciding where to advertise. And there are lots of choices there too: Print? Radio? TV? Billboards? Which ones? How often? If this all sounds like more than you’d like to deal with, we’re here to help.
As a full-service marketing agency, we can help you choose what’s really right for you and your circumstances. Since we have no vested interest in steering our clients to any specific media, or even towards advertising over some other promotional tool, we can help you sort through all your options and then—if you decide to do an ad—make sure that it’s doing what it should.
When done right, advertising is an investment (not an expense) that can grow your Share of Voice (the sum of all your marketing efforts and how “loud” they are as compared with competition), which should increase your Share of Mind (how often customers think of you), which should improve your Top of Mind position (how often they think of you first), which should lead to your opportunity for both increased market share as well as customer preference.
Let us help you not only figure out which half of your advertising budget is pulling its weight, but also help make sure that you don’t have to ask that question in the future.
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The following companies may have started out meek with a small customer following, but in less than 20 years they each took an opportunity to become a dominating force in their respective fields:
- eBay—est. 1996
- Christopher and Banks—public in 1992
- Amazon.com—incorporated in 1994
- AOL—1985
- Bed Bath & Beyond—started in 1985, public in 1992
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Measure! Measure! Measure!
In the world of real estate the mantra is "location, location, location." What is it for your business? To calculate your company's return on investment (ROI) for its marketing and promotional campaigns it should be "measure, measure, measure!"
M45 Marketing Services offers a number of processes to capture, respond, report and analyze leads generated by your marketing efforts and measure their effectiveness. Specialized URL and email addresses, for example, not only direct current and prospective customers to specific information, but also help you capture vital information about them. We can ensure that your customers promptly receive the information they are looking for—delivered electronically or via the mail. Distributing leads to the correct salesperson within your organization is vital to the overall success of your marketing programs, as is the reporting mechanism for the status of each sales call. M45 Marketing Services can track all of these data for you, analyze and measure them and help you make an informed decision on your marketing efforts.
Contact us today to see how we can help you "measure up" to expectations! |
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![[In like a lamb, out like a lion? Spring forward, don't swim after eating, 'right foot in, left foot out?’ Those IRS forms get trickier every year.]](http://www.m45.biz/clients/momentum/graphics/liontoon.jpg)
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M45 Marketing Services
524 West Stephenson Street, Suite 100
Freeport, IL 61032
815-232-2121 - Phone
815-297-0166 - Fax
www.m45.biz
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