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 HOME   Looking for GREAT INTERNATIONAL MARKETING IDEAS/STRETEGIES/TECHNIQUES
Looking for GREAT INTERNATIONAL MARKETING IDEAS/STRETEGIES/TECHNIQUES
Published by: wktd 2010-03-14
  • I've to collect a list of international marketing strategies/ideas/techniques that have to be smart, original and concrete. I bring to you three good example of the kind of ideas I'm looking for (I'm wffully sorry about my bad english) 1) Co-Marketing Stretch your marketing dollar, reach new markets, by cooperating with others dozens of possibilities. Your marketing dollar goes a lot farther when you cooperate with others. Look for a good synergy of products, and you'll not only slash your costs, but also provide added value to your customers. There are a thousand possibilities for co-marketing; here are a few: - Include fliers in each other's outbound shipments - Cross-link your web sites - Share space at trade shows (I've organized 18 publishers to share space at the American Library Association annual convention this June. We're dividing the cost of a $650 table, plus we'll have enough on the table to make people stop and look?which would not be true if I just had my two titles) - Share the cost of postage and printing for direct mail campaigns (in my book, I explain how to do this for as little as a nickel per participant) - Gather together products from different companies that complement each other, and market them as a package 2)Boost your business by doing a little shopping?undercover, of course Thomas Stemberg, the CEO and founder of Staples, is addicted to shopping. Despite the fact that he heads an $11 billion store chain, Stemberg continues to shop the competition in person, sometimes even enlisting family members to help?including his mother-in-law, who, he says, "was a regular shopper at Office Depot's delivery business to help me learn how it worked." Shopping the competition is one method of stimulating growth and innovation for your retail operation. It's easy, do-it-yourself research that can help you find your marketing edge by monitoring service from the customer's perspective. Mystery shopping is an early warning system for any business that relies on extensive public contact. Getting the most out of competitive store visits means having clearly defined objectives and knowing what matters most to you and your customers. A clothing store owner, for example, might shop her competitors to compare prices, the variety of sizes and styles in stock, store hours, store clerks' friendliness and the way customers are greeted. With a good shopping program, you experience your competitor's store the way customers do, then apply the best of what you learn to your business. Also shop retailers outside your industry. Laura Livers, president of Shop'n Chek, a mystery shopping firm in Atlanta, recommends finding a company in a noncompeting field that faces similar operational challenges, such as handling phone orders and comparing their tactics and techniques so you can develop ways to improve yours. Stemberg suggests small retailers study the tactics used by leaders outside their industries?"such as the Wal-Mart greeter," he says?and learn to emulate them. The other side of shopping-based research takes place in your own store. Mystery shopping is an early warning system for any business that relies on extensive public contact. Because poor service is most often cited as the reason for loss of sales, consider hiring a mystery shopper to evaluate the experience your store offers. Professional mystery shoppers go to businesses posing as ordinary customers and then provide evaluations of their experiences using written questionnaires and reports. "A successful mystery shopping program can evaluate and measure the product knowledge and skills of salespeople," says Livers, whose company has nearly 30 years' experience and 90,000 shoppers throughout the United States. She says a visit from a mystery shopper is a "snapshot of time, and the more often you shop, the more you fill your photo album and start to identify strengths and weaknesses." Before starting a mystery shopping program, understand what your customers want. Suppose you own a store that sells energy-efficient windows and doors. Mystery shoppers can't help you build sales over the long term if the product quality is poor, and they can't tell you what your target market wants from your business or products. But they can help ensure that people who come in to shop for windows are waited on promptly and courteously and that the sales information is presented consistently. "Identify what the consumer wants and build a training program around meeting their expectations," says Livers. 3) sneaky marketing strategies to help you beat your competition by turning their own strengths against them Traditional marketing classes spend a lot of time talking about market share?and quite frankly, I've never really understood this. In my mind, if you're meeting your sales and income goals, what does it matter if other businesses are also succeeding? But sometimes there's a situation where a competitor comes in determined to drive you out, and brings a huge amount of firepower to bear: massive ad campaigns in the Yellow Pages, local newspapers, and so forth. So what's a small business owner to do? How can you survive an onslaught by a well-funded competitor who doesn't understand that there's enough to go around? Try a little marketing jujitsu. In jujitsu, as in many martial arts, you turn your attacker's strengths to your advantage, and can flip someone much larger than you over your shoulder and onto the mat. Say a large chain store has moved in, and spent aggressively on Yellow Pages advertising that dwarfs your little ad. Figure out a promotion that can harness their muscle to your advantage: such as half off or two-for-one if the customer brings in your competitor's Yellow Pages ad. Voila, you have physically removed the ad from many of the phone books in your area?maybe even all the phone books, if your offer is good enough! And your competitor is still shelling out thousands of dollars a month for an ad that no one sees! (Of course, don't try that strategy if your ad happens to be on the back of theirs!) You may not make much profit on those individual sales, but think of it as a marketing cost. You are actually buying back the competitor's advertising, for pennies on the dollar! By the time they figure out what you're doing, your strategy will be well underway?and when they switch to, say, newspaper advertising, you'll have a trick up your sleeve to neutralize that as well. I need at least 10 more great ideas.


  • Get yourself a consultant who specializes in your business. Try www.virtualceo.com, to name just one.





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