book

Marketing For Dummies, 5th Edition

by Jeanette McMurtry

June 2017

Beginner

408 pages

10h 55m

English

For Dummies

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About This BookFoolish AssumptionsIcons Used in This BookBeyond the BookWhere to Go from Here
Coming to Terms with the State of the Consumer MindAddressing the Generation GapsCreating Trust Equity among Today’s ConsumersImproving Customer Experiences for SustainabilityPushing Boundaries with Guerilla Marketing
The Unconscious Mind: The Real Driver of Consumer ChoicePsychological Drivers That Drive SalesAligning with Powerful Social InfluencersAppealing to Consumers’ Happiness and PurposePutting It All Together
Measuring the Growth Rate of Your MarketResponding to a Flat or Shrinking MarketFinding Your Best Growth StrategiesGrowing a Market Segmentation StrategyDeveloping a Market Share StrategyDesigning a Positioning StrategyGrowth Hacking to Build Leads and Market ShareSelling Innovative Products
Knowing When and Why to Do ResearchChecking Out Net Promoter Scores and How to Find YoursAsking Really Good Questions on SurveysWriting ESP SurveysPaying Wisely for Market ResearchDiscovering Low‐Cost and Even Free Ways to Find Out What Matters MostRiding a Rising Tide with Demographics
The Marketing Plan Components You NeedAddressing the Four PsConducting a SWOT AnalysisFocusing on Functional AlternativesWhy Collaboration Matters So MuchExpanding Your TargetCreating a Working Marketing PlanMapping Out Your Action StepsKeeping It Real: Do’s and Don’ts of PlanningPreparing for Economic InfluencesBudgeting Your GameManaging Your Marketing ProgramProjecting Expenses and RevenuesCreating Your Controls
An Overview of Content MarketingCreating a Credible Content Marketing PlanTaking Advantage of User‐Generated ContentFlipping to Marketing ContentContent Marketing Writing Tips for Better Results

Creating Compelling CreativeApplying Your CreativityWriting a Creative BriefApplying Creativity to Branding and Much More
Exploring Digital Channels You Can’t IgnoreUsing Facebook for Engagement That Builds SalesBuilding Your Twitter PresenceIgniting Your Social Presence on InstagramExpanding Your Network through LinkedInPromoting Your Brand with PinterestDiscovering Digital Tools That Drive BrandsAdvertising on the WebUsing Automated Customization to Work Smarter and Faster
Creating Printed Marketing MaterialsProducing Effective and Efficient Print CollateralPlacing Print Ads That Generate Leads
Understanding the Metrics of Direct MarketingThe Basics of Direct MarketingDigging Deeper into DataCreating Direct Campaigns for Direct ProfitabilityGoing Direct with EmailIntegrating Call and Chat Centers
Creating and Managing a Web IdentityCreating an Engaging WebsiteIntegrating Key Design ElementsDriving Traffic via SEM and SEOCreating Landing Pages, Blogs, and MoreMonetizing Your Web Traffic
Harnessing the Power of Social HivesLaunching Your Own Public EventSponsoring a Special EventMaximizing Trade Show ROI
Building Sustainable Brand EquityTelling Your Brand’s StoryBranding Your IdentityDesigning a Product LineStrengthening an Existing ProductIntroducing New and Successful ProductsUpgrading or Expanding an Existing Product
Pricing Opportunities and ObstaclesSetting or Changing Your List PriceDesigning Special OffersStaying on Top of U.S. Regulations
Considering Distribution StrategiesTracking Down Ideal DistributorsUnderstanding Channel StructureReviewing Retail Strategies and Tactics
Selling for a LifetimeSelling for SustainabilityGetting to Yes via ESP SellingOrganizing Your Sales ForceRetaining Customers with Great Service
Making AssumptionsIgnoring Customer ComplaintsFaking PopularityUsing Dirty DataCompeting on PriceIgnoring the Emotional Drivers of ChoiceForgetting to EditOffering What You Can’t DeliverTreating Customers ImpersonallyBlaming the Customer
Establish Clear ObjectivesTie Your Metrics to Your ObjectivesSet Learning PrioritiesEstablish a Target ROIKnow Your Customer Lifetime ValueKnow Your Allowable Customer Acquisition CostEstablish BenchmarksTurn the Funnel Upside DownAdjust Your Funnel Benchmark Assumptions When You Have Real DataAvoid the Dashboard Trap

Content preview from Marketing For Dummies, 5th Edition

Chapter 17

Ten Common Marketing Mistakes (And How to Avoid Them)

IN THIS CHAPTER

Discovering how trying to market to everyone and relying on discounts hurts profits

Recognizing the importance of treating all customers (even angry ones) with respect

Learning from others’ mistakes is always better than making your own. This chapter presents ten all‐too‐common marketing mistakes businesses of all sizes make and how to avoid them so you can keep your sales and marketing efforts on track.

Making Assumptions

Assuming that you know your customers, their preferences, their loyalty to you, and the competitive environment in which you operate is one of the most costly mistakes you can make. In most cases, you’re likely wrong.

With all the research and feedback tools available today to help you monitor the voice of your customers and their real needs and attitudes, there’s no reason to ever assume anything. Regularly survey your customers to see what they like and don’t like about your brand, your products, and your service. Do surveys to update your Net Promoter Score (NPS) as well. During transactions, ask for individual feedback and engage in social listening. Analyze results to identify trends and things you can do to maintain and increase satisfaction.