A Great Brand In 12 Monthly Installments!

It’s the new year, so it’s time to mark your calendar and address your brand in 12 monthly action plans. For each month, develop targets for these initiatives.

This way, you are better able to gage your success each month. If you successfully carry out the entire year’s brand activities, you WILL increase business, so let’s get started!

January

Start your business year off respecting those around you who are most responsible for your success. These stake holders are your employees, suppliers and customers. Treat each of these groups with the level of respect they deserve. A genuine appreciation for those who support you is key in strengthening the foundation of your brand. Your entire reputation starts with these people.

February

Corporate communication is important in keeping your stake holders in the loop. Good communications keep rumors from taking hold and you get information that will help you keep productivity humming. Many businesses waste precious time correcting bad communication instead of getting it right the first time. Put together a process to keep the correct information going to the right people in a timely manner.

March

Your current brand is hinged on your reputation. A great brand allows you to reach beyond commodity and allows you to enjoy pricing freedom. Building relationships with clients will give your brand staying power. Spend March strengthening relationships and identifying issues to shore up your brand.

April

Fast return business has to be return customers. If your brand is strong, use April to re-connect with past customers. Put together a program of connection, allowing time for sales to adequately contact and re-visit people. Use free services as a hook to get back in the door. Every positive response is a warm lead to additional business.

May

With spring in the air, the time is ripe for nurturing your referral potential. Develop a referral program to help stake holders recommend your business. Customers who have a healthy relationship with you will love to be your advocate and appreciate your assistance in telling your story. Another important component in any referral program is your opportunity to send business their way. Referral is a two way street.

June

As entertaining season heats up, take the month of June to get your brand message fine tuned. Events and get-togethers are a great time tell the story of what your business does. Ideally you have a positioning strategy that compels the listener. Stay away from corny cliches like. “our people make the difference!” Statements like this are so much fluff and do nothing to differentiate you.

July

This July, do an inventory of which organizations your business is a member of. Ideally organizations in which customers (existing and targeted) are also members. See what the opportunities are to get your people involved and promote your business.

August

During the dog days of summer, it is a great time to re-visit your marketing plans and see how you are doing so far. Does the advertising statement reflect current culture and address benefits to your customers? Many customers are away during this month, allowing you to focus inward.

September

Use September to analyze the culture of your market. Are there any dark clouds on the horizon you’d be wise to address? Organize a management meeting to get a good feel of what the mood is in your category. Then make a coordinated plan to tackle any challenges and exploit any opprtunities.

October

Get community spirit going during this month. What can you do to give back to your community. What areas are of special interest to you. A good social conscience is great for your brand. It also shows reminds your stake holders they we are all part of a community.

November

Education. Use this month to read, read, read. Upgrade all skill sets within the organization to make sure that your business is on the cutting edge. Customers rely on your business to provide solutions that reflect modern practices. As they say, “a mind is a terrible thing to waste”.

December

December is the perfect month to reflect on the past year and appreciate all the effort that makes your brand as respected as it is. It is also time to slow down and enjoy your family and friends. Another year is around the corner, so this is the month to pat yourself on the back for a brand well done.

Your brand and it’s power are an ongoing work in progress. Nurturing it need not be done in a hurry. Take the time to do it justice. Have a great and profitable year!

How Much Should You Budget For Marketing?

This is one of those questions that business owners wonder about, but aren’t sure who to ask. And yes, you should have marketing in your budget. It’s not a “wait until a good opportunity comes along” sort of thing.

If you budget for marketing and create an actual plan – you are 95% more likely to:

  • Actually market consistently
  • Spend to your budget, rather than impulse shop
  • Track and measure success of marketing efforts
  • Be consistent in your message and delivery

So back to…how much should you spend? A good rule of thumb is at minimum of 4-7% of your gross sales. Some marketers recommend as much as 10%. There are many variables, like the maturity of your business, percentage of repeat business and the lifetime value of a client. (We’ll talk about how to figure that out soon!)

But if you’d like to get some specific, every industry has a typical percentage of sales that is generally used for advertising and marketing expenditure projections.

Why not reach out to your industry trade and professional groups? They should be able to give you the specifics in your field.