,
A few weeks back, I shared a chilling stat highlighting the challenges of marketing in today’s skeptical business environment ...
The Sales Benchmark Index released data that showed an estimated 71% of companies fell short of their marketing’s revenue targets last year.
The reason (according to the SBI) is that most companies rely on marketing tactics,
instead of strategies.
What’s the difference?
Well, a tactic is typically a random activity that comes with hopes of quick results. Whereas a strategy involves a long-term plan with several steps and desired goals. (A tactic can play a role within a strategy.)
Of the two options, strategies are more effective for establishing trust.
You see, your prospects want to feel like they’re working
with an expert. A long-term approach allows you to repeatedly demonstrate your knowledge and deliver value.
This boosts your status in a potential buyer’s eyes. After all, you’re not seen as a salesperson -- you’re viewed at as a valuable resource.
Remember, too, a mere 3% of a typical market is in buying mode right now. So if you don’t have a long-term plan for marketing, you’re ignoring a huge percentage of potential
buyers.