22/01/2021
No, Don't! What is the biggest mistake you can make in your business? Ok let’s be honest – there are many contenders. However previous experience has (or hasn’t) taught businesses to NOT turn off lead generation (marketing, vital lifeblood of the business.
In recessions, in depressions, in challenging times our instinct is to protect the business by minimising costs, and amongst the first to go is marketing. Devastating at the very least. Sometimes fatal to the business.
To understand this let’s look at two key principles. Firstly, whether good times or bad, marketing is never a cost it is always an investment; it should generate a greater-than-outlay return.
If it isn’t doing that, or we don’t know whether it is doing that, then we must change/adapt strategy, and measure the impact.
The second principle; marketing is the first essential step in lead generating which through our sales process and products, leads to revenue and profit.
If we aren’t lead generating then it is akin to a care home that is not attracting new residents. There is only one inevitable outcome.
I am going to be exploring this in much more depth in my next workshop. If interested, then details here.
https://bit.ly/MKTIR