Most economists, the government and my optimistic mother in-law all predict that 2010 is going to be better than 20091.
It can’t be worse, right?
Predictions are tricky when it comes to the future, but if you believe there’s an economic recovery coming, you need to prepare now. There’s going to be market share up for grabs in every category of business and the Share Wars of 2010 begin in January!
Today is when you should be planning how you’re going to increase your market share one year from now. Here’s a checklist of things you can work on over the next six months that will put you in a position to reign terror on your competition.
1. Brand Positioning -
Is your company well positioned in this new economy that seems to have changed from über-consumerism to ultra-thriftyism overnight? A better question might be, “How is your competition positioned?” Can you outflank them in the coming Battle of the Brands?
Maybe it’s time to fortify your Brand ID Package? Is your logo a little dated? Do you need a style guide to keep your brand look and feel looking and feeling consistent?
How about a brand manifesto that declares to the world (including your employees) who you are, what you stand for and why you’re better than the other guys.
2. Interactive Strategy -
Once you’re satisfied that your brand is in good shape, it would be wise to review everything that your business touches online.
- Is your website converting visitors to sales leads? Every day?
- Is your web traffic growing?
- Are you capturing email addresses and communicating regularly with your customers and prospects?
- Are you sending web traffic to a landing page instead of your homepage?
- Are you taking advantage of social media opportunities like Facebook, LinkedIn and Twitter?
- When you search for your category on Google, is your company near the top of the listings or an also-ran in the search results?
If you didn’t answer yes to ALL of these questions, you’re leaving money on the table.
3. Advertising and Public Relations -
Once your brand and interactive marketing foundation is sound, it’s time to start inviting customers to check you out. If you haven’t completed steps 1 and 2 above, however, you’re going to be wasting a lot of money on a verrrry expensive entity: MEDIA.
Advertising and PR are still the most economical ways to reach large numbers of consumers, whether you’re targeting Boy Scouts in Boise or soccer moms in Salem. Once you figure out HOW you’re going to reach your audience: radio, TV, print, outdoor, skywriting, etc., you have to figure out WHAT you’re going to say and how you’re going to say it.
This can be tricky because your message is usually competing with some pretty smart advertisers who definitely know what they’re doing and have billions of dollars to spend on creative and production.
You have a limited number of arrows in your quiver so make them count with the right media buy, a well planned public relations strategy and a carefully crafted message.
So far, 2009 has been a year of tremendous opportunities for good marketers, and 2010 could be the Promised Land… but only if you’re prepared.
With Fish Marketing as your partner you will be prepared.
Call us today and let’s get started. Because that foundation won’t be built overnight, and the clock is ticking. Let’s get you ready for the Share Wars of 2010!
1 Economist Predicts Recession Will Soon Be Over