Archive for March 2008

A recent article in Practical Accountant argues the case for accounting firms to outsource their marketing. The main arguments for outsourcing outlined in the article are:

  1. Businesses in other industries are doing it
  2. Outsourcing lowers costs
  3. Marketing is hard
  4. Accountant’s loathe marketing

While these arguments may be perfectly valid (depending on the circumstances), I believe outsourcing decisions made based solely on these arguments have little chance of being successful.

The key to successfully outsourcing your firm’s marketing function lies in the first core principle of Duct Tape Marketing, Strategy before Tactics.

When most people speak of outsourcing marketing, they mean tactics – creating a web site, telemarketing, or a direct mail campaign. Outsourcing can help you accomplish these tasks more efficiently, but if not connected to a well developed strategy, you will end up being more efficient at doing the wrong things.

Efficiencies should come from wisely spending your budget and attracting the right kind of clients. If your tactics are not tied to your core message, you will either:

  • spend lots of money attracting the wrong client or
  • you will end up with lots of clients that want something other than what you do

Strategy work cannot be outsourced in the same manner as tactical work. You cannot abdicate the responsibility for your marketing strategy to an outside firm. You need a partner that can work with you to help you define your strategy.

Your marketing strategy boils down to communicating how you are different from every other accounting firm that claims to do what you do. You cannot take a "hands off" approach to determining how you are going to be unique in the market place.

Marketing is about setting expectations. If you are not involved with deciding what those expectations will be, they will fall apart as soon as the client interacts with your firm.

You still need a system when you outsource your marketing. Ad-hoc marketing may be less expensive when outsourced, but without a system, it won’t be any more effective. Make sure you build in tools to provide measurement and accountability.

If you decide to outsource because you don’t want to have anything to do with marketing, you won’t be successful. Marketing may not be your favorite part of your job, but you must take responsibility for the growth of your firm.

Rewarding referrals when you have no budget

Thursday, March 27th, 2008

I was brainstorming with a colleague recently, trying to come up with ideas for providing rewards for people who provide referrals. Many professionals depend heavily on receiving referrals to grow their practice, but are often prohibited (or severely limited) from providing incentives or rewards to people who provide them with referrals. In this case, the amount of money that could be spent per referral was so low it may as well have been $0.

However, many professionals do have very strong networks. They can provide a lot of value to their referral partners by connecting them to other people in their networks. So we developed a strategy based upon this idea of providing rewards by connecting people.

The main idea is to contact different people in your professional  network and have them provide gift certificates for their services that you can distribute. For instance:

· An accountant could give you a $25 certificate towards the purchase of a tax return prep

· An interior designer could give you a $50 certificate towards a design plan

· A photographer could give a gift certificate for photos. This is a nice tactic for “life event” clients, – those who purchase your services because of a life event, such as the birth of a child, marriage, college graduation, etc.

You get the idea. You can match up your ability to listen to people’s needs with the resources in your network to create more win-win-win opportunities for your network. It may also give you an excuse to meet some new business owners, restaurateurs, etc., and continue to grow your network.

This strategy of providing rewards to your referral partners while also rewarding others in your network came from combining several ideas that can be found in Referral Flood. Referral Flood is packed with ideas for creating high performing referral markting systems, so if this example doesn’t meet your particular needs, you may want to check it out.

Small Business Marketing and Sales

Monday, March 24th, 2008

Microsoft’s Small Business Summit begins today. Today’s sessions focus on marketing and sales for small businesses. Don’t forget that the sessions are recorded, so even if you can’t attend today, register so you have access to the recordings later.

Here is today’s line up:

“Duct-Tape Marketing” John Jantsch Low-cost, high-yield marketing strategies that you can use.
“Fearless Marketing” Andrea Lake Targeted marketing techniques that pay off.
“The ‘Word’ on Marketing” Brian Kane Technology solutions that hold down marketing costs.
“Sales & Marketing Roundtable” Expert Panel Explore hot topics in sales and marketing with our experts.
“The Brand Builder” Sandra Magsamen A strong brand provides a foundation for success.
“PR Toolbox” Starr Hall Leverage PR to build your brand.
“Keeping Customers” Leo Manson Technology solutions that drive repeat business.
“Rieva to the Rescue” Rieva Lesonsky Get answers from America’s small business guru.
“Building Buzz” Tina Wells Target your customers like a pro.
“$100,000 Total Technology Makeover” Cindy Bates A tech makeover can save the day for a small business.
“From Trash to Cash” Leo Manson Technology solutions that help you understand your customers.
“Customer Care Kit” Scott Montgomery Customers: How to find them; how to keep them.
“Blogging for Bucks” Andy Wibbels Marketing via blogs, podcasts, and Web search.
“Your Passion–Your Business” Anne-Marie Faiola Turn your passion into an e-business.
“Net Success” David Alexander Technology solutions for putting your business online.
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Categories : Uncategorized

Duct Tape Marketing Coach Network To Expand

Friday, March 21st, 2008

Duct Tape Marketing Coach LogoInterested in becoming a Duct Tape Marketing Coach?

The next Duct Tape Marketing  Coach training session is scheduled for May 22-23, 2008 in Kansas City, MO.

If you would like to work with small business owners to help them grow their business by installing a proven step-by-step marketing system, visit the Duct Tape Marketing Coach web site and sign up for a Live Coaching Discovery TeleSession. The next telesession is scheduled for Thursday, April 3rd.

I’m happy to share my experience as a member of the Duct Tape Marketing Coach network – feel free to drop me a note or give me a call.

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Categories : Marketing, Misc.

Kansas City Top 10 Small Businesses

Friday, March 21st, 2008

The Greater Kansas City Chamber of Commerce recently announced their picks for the Top 10 Small Business.  They are:

  • Bartunek Technology Group, Inc., Overland Park, KS
  • Cramer Products, Inc., Gardner, KS
  • Dimensional Innovations, Overland Park, KS
  • ECCO Select Corporation, Kansas City, MO
  • Handmark, Kansas City, MO
  • Kansas City Internal Medicine, Kansas City, MO
  • Liquid 9, Kansas City, MO
  • Martin, Leigh, Laws & Fritzlen P.C., Kansas City, MO
  • Redemption Plus, Lenexa, KS
  • Sunlight Saunas™, Overland Park, KS
  • Winners were selected using three criteria:

    1. growth or sustainability in revenue and/or employees;
    2. employee relations; and
    3. community service.

    Congratulations to all of the 2008 Top 10 Small Businesses .

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    Marketing with Video on the Internet

    Thursday, March 20th, 2008

    Jessica Kizorek’s Show Me: Marketing with Video on the Internet provides a thoughtful discussion of the ever growing use of video on the Internet along with practical advice for addressing the many issues involved with incorporating Internet video into a marketing campaign.

    Don’t mistake this book for a technical "how to" manual for creating and publishing video. Rather, this book gives an overview of such subjects as:

    • the role of Internet video in marketing 
    • how Internet video needs to differ from t.v. and other video formats 
    • how to gauge success 
    • getting your videos watched 
    • legal issues you need to be aware of

    As stated on the back cover of this book,  "Don’t pretend to know what you’re doing. Nobody does." – marketing with Internet video is still a young subject. Rather than pretend to give us a step by step guide, Jessica has given us a list of tools and issues that need to be managed to successfully add Internet video marketing to our marketing mix.

    In my opinion, this approach makes this is a good book for business owners and marketing managers. It will help them prepare to make intelligent purchasing decisions and successfully incorporate Internet based video into their marketing mix.

    300 Posts and Counting

    Thursday, March 20th, 2008

    This post is just to help me mark the milestone of passing 300 posts on this blog.

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    Categories : Misc.

    Without Strategy, All Tactics Seem Like Good Ideas

    Wednesday, March 19th, 2008

    Goal_MediumIn Duct Tape Marketing, we talk about the importance of creating your  strategy first and then selecting tactics to support that strategy. I think it is  extremely important to write down your goals and strategies in order to revisit, evaluate your progress, and keep them top of mind. A recent experience reminded me of the importance of writing goals down and using them as your starting point for making tactical decisions.

    Last week, I attended a workshop about how to be better at networking. Early on, we had a very nice discussion about the importance of having goals – goals related to what we want our business to be as well as setting goals for individual networking events. Everyone was in agreement that being clear about your goals is essential to successful networking.

    A short time later we addressed the subject of how to select the "right networking event". The ensuing conversation talked about different local networking events, the good and bad experiences people had with different organizations, tactics for starting conversations, ending conversations, handling business cards, etc.  I was surprised that even though less than 5 minutes ago we had all agreed on the importance of setting goals, not once was the idea of using these goals to evaluate networking events brought up.

    This experience reminded me of what John Jantsch calls the "marketing idea of the week" syndrome. Without a clear set of goals or strategy as a starting point, many things seem like "a good idea". A particular tactic may work wonders for me, but unless you have the same target audience and the same core message as I do, your mileage is going to vary.

    I believe the key is to build the habit of asking yourself, "How can I use this tactic to support my goals and move me towards success?". Start by writing down your marketing strategy. Refer back to your strategy every time it comes time to make a tactical decision. If you are attending a networking event, pause to ask yourself what you can do during this meeting to help you reach your goals. If you can’t think of some specific action items that will move you closer to your goals, your time may be better spent elsewhere.

    Some GTD Resources

    Tuesday, March 18th, 2008

    In yesterday’s post, I mentioned David Allen’s book Getting Things Done: The Art of Stress-Free Productivity (GTD). For those of you who are interested in learning more about GTD, here are a few links to some GTD related blogs:

    43 Folders

    What’s The Next Action?

    The Getting Things Done blog

    Office Zealot GTD

    This is just a small sampling of GTD related blogs. If you have a favorite GTD related blog not mentioned above, please share with us in the comments.

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    Getting Email Under Control

    Tuesday, March 18th, 2008

    I’ve been a big fan of David Allen’s book Getting Things Done: The Art of Stress-Free Productivity (GTD) for a number of years now, so I was surprised to find that I haven’t really posted about it (except for this brief mention) on this blog. The two big ideas from GTD that have always stood out for me are separating the process of collecting vs processing and focusing on "what’s the next physical thing I can do" vs. trying to assign priorities to everything on your lists. There is much more to GTD than that, but those are the two things that I always return to to help me stay on track.

    A big part of staying organized for most of us is managing the seemingly ever-growing list of items in our e-mail inbox. If you inbox feels like it is out of control and causing you stress, I highly recommend that you download this free article from David Allen’s web site – Getting Email Under Control.

    It may sound like a trivial thing when you read about it, but I think you will be surprised by the feeling you get when you see that you email inbox has less than one screen full of items.

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