As our readers know, we thought we'd write some tips to help companies in distress to the current crisis to recover.
There are simple formulas and immediate in order to boost sales, margins and sustain combat fever crisis?
Yes, there are good measures and quick regardless, because they do not act on the intrinsic causes, do not fight the crisis, but still gives relief to the income statement, lower the temperature, reduce pain and symptoms more immediate.
These first aid care, these anti-inflammatory and analgesic business, are so characteristic Aspirin-Marketing :
Aspirin-Marketing define the set of strategies, policies, tactics and tricks trade with effect quick and temporary support for sales and business profits.
Aspirin-Marketing not fighting to end the crisis because no impact on the concepts of product-service, on the implementation of the marketing mix or marketing and sales organization.
And, nevertheless, can be a good marketing because it allows companies to take a breath, reallocate resources, to combat the effects of the disease are.
It is well known tools, which are activated when you feel the first symptoms and the temperature begins to rise.
are useful and necessary, but be careful not to abuse it.
Some suggestions are very powerful but they have drawbacks.
distinguish, first, measures which are aimed at increasing profitability, rather than increasing revenue.
thus intend to rationalize expenditure.
We give a brief overview, referring to insights in our publications and management training courses that we have in Italy.
1. E 'is essential to rationalize the marketing budget, without cutting it drastically, first of all "do marketing" just as other companies cut on this front sends a clear signal of being a business, a company active rather than reactive, and will allow customers to remember your company in comparison to any competitor which effectively cleared the marketing function, and then the various activities in optics, or illusion, that in doing so gain an advantage by reducing the cost / marketing budget.
Marketing must be seen as an investment and not as an expense.
many, if not too many companies cut marketing costs and immediately launch into an irreversible spiral of cuts that lead only to a minor, if not reduced, market presence, reducing turnover and profits, something that puts more pressure on cost cutting and re-enables the spiral cuts.
In particular:
· Continue to invest in training and increase marketing culture. The key to capitalizing on new opportunities and stay abreast of the latest developments, tips and opportunities. Where there is an opportunity there is potential for development;
· explicit and formalized the process in a marketing plan : if a company has is not just at a time of crisis that it must produce;
· outsourced, if possible, some marketing activities, and then rely on experienced consultants who can advise on how to tackle the crisis
· Give priority to activities aimed in terms of target market and ; view cost reduction, they can concentrate on marketing activities of the existing and loyal customers, rather than seeking new customers in order to have a cost-effective strategy. In this way the budget is not cut completely, but he devoted himself to that group of customers through incentives can generate repeat business, or an increase in spending or planning · Focus on your core business and improvement;
will think more how to increase sales with the value to cut costs;
· Look also to the share market, not just the turnover
2. Work with the 80/20 principle, or Pareto Law , try to understand by whom and what is your turnover and above the income (products and customers). Use the curve ABC, cut out the deadwood and get new resources for your business.
3. If possible, work with a view of the cooperative, mutual, with co-marketing . In marketing, it is possible that rivals and competitors to join together to advertise: Sometimes, it is' essential that the big companies, such as small businesses, and advertising strategies are expected to schedule a joint statement to encourage the growth of their field of membership.
4. E ' can improve some aspects of the marketing mix without upsetting ;
in particular:
· Apply sparingly discounts and sales promotions would rather
· Keep the advertising presence in the media
Supports deployment with more efficient logistics
· Give a hand to the sales force with better training programs and greater incentives
streamlining the portfolio products and customers
Reduces the capital and energy costs
Take an hour and then, based on lessons learned, studied all the possible ways to put these tips into action and aspirin directly into the Marketing Vs . company.
soon!
Antonio Ferrandina, Marketing Specialist