Showing posts with label current customer description. Show all posts
Showing posts with label current customer description. Show all posts

Monday, August 30, 2010

CURRENT CUSTOMERS

For a marketing audit, develop your current customer description.

The next section of a marketing audit is where you describe your current audience. If you are a new company, you could describe whom you would like to target. These descriptions can also become part of guiding questions used later to develop marketing messages. By knowing your customers, you can develop your unique selling proposition, differentiating yourself from the competitors.

Most companies have different kinds of clients, so subgroups will most likely occur. By developing a description of who the users of your product or service are, you may see how to put these customers into subgroups. You will be able to identity which group your primary customers fall into as well as who are your secondary markets.

Here is a suggestion of the type of information needed to develop of a customer profile.
  • What is the title of your customers? What is their job function? This information can reveal their responsibilities and challenges.
  • Describe your customers industry. Apply Standard Industrial Classification (SIC) or North American Industry Classification System (NAICS) codes to industries. Additional market research can be performed to tell you how many companies there are in these industries.
  • List the geographic location of your current customers. This is a demographic that can reveal your service areas are as well as find potential customers.
  • Add the size of the company to your customer profile. How many employees, sales volume, number of locations.
  • List other information that may be used to describe demographics, ethnicity or behavioral issues.
  • Ultimately you should be able to state your current customer audience size.
As an advertising agency, Brigham & Rago is here to help businesses develop marketing communications plans to keep or capture new market share. We are ready to consult with you, then based on our experience and the information we gather, help put together a communications plan. We believe this plan will be a framework for a powerful marketing communications program. Our goal is to help you meet your marketing objectives by assisting in implementing and delivering a clear, consistent message. Call 973-656-9006 to set up a meeting to discuss your next communications project. Visit our online portfolio to see examples of work we’ve created for our clients.

Monday, July 19, 2010

MARKETING GOALS AND OBJECTIVES

How do you describe your marketing goals and objectives? Think in terms of long- and short-term and put them in priority order.

The second portion of a marketing audit is where you describe your marketing goals and objectives. Divide your goals and objectives in two categories: long-term (things that might be accomplished in 24 months or more) and short-term (things that might be accomplished in 12 months or less). You should also put them in an order of priority with 6 to 8 goals in your long-term section and 3 to 4 goals for your short-term.

By writing these down they can be continually evaluated, measured, and enhanced so they can be successfully achieved. Goals and objectives should be precise about what is to be achieved. You should also quantify when the results are to be accomplished so it is measureable. All goals and objectives should be reasonable. Make sure that you have the resources to make them happen. Ask yourself if you have the men, money, machines, materials or minutes to achieve these results? Don’t attempt to do too much.

Here are some examples of quantitative goals and objectives to consider for your marketing audit:
  • increase company visibility or advertising awareness from 12% to 25% in 24 months
  • increase market share or audience size by 20% end of 4th quarter
  • differentiate from competition by making preferred luxury brand within 36 months
  • increase sales dollars or sales units from $200,000 to $400,000 in 24 months
  • generate qualified 5 – 10 sales leads or new distribution channels in South American region in next 12 months
  • maintain market share through next six months
  • increase usage within existing customers by 10% within 12 months.
As an advertising agency, Brigham and Rago is here to help businesses develop marketing communications plans to keep or capture new market share. The marketing audit process can help your company analysis and evaluate your approaches, activities, aims and results achieved. We look forward to working with your company to develop a powerful marketing communications program to meet your business objectives. Call 973-656-9006 to set up a meeting to discuss your next communications project. Visit our online portfolio to see examples of work we’ve created for our clients.

Brigham and Rago Marketing Communications, Morristown, NJ
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