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Strategies for Growth

July 15, 2004

In this issue:

IDEA: Summer Recharge!
Bevans Group News
Take the Challenge

IDEA: Summer Recharge!

Happy summer! It's hard to believe, but half a year has somehow slipped by since I wrote about developing a down-and-dirty marketing plan for 2004 (Marketing on a Budget, IdeaBook #2).

Summer is a great time to re-evaluate your marketing plan and implement some changes for the second half of the year. Any tweaks you make now will set you up for a stronger start—and a better marketing vision—in 2005.

Here are some ideas to consider as you conduct your half-year marketing check-up:

1.

Implementation. The first step is to figure out if you're really getting the job done. This can be painful, but it's important to take a hard look at how your marketing activities compare with what you planned to do. Did you skip every other chamber breakfast? Did you really update your website, or just mean to? Did your newsletter ever see the light of day? Be honest with yourself about how well you implemented your plan, then resolve to redouble your efforts through the end of the year.

2.

Results. It's important to examine what you have accomplished so far this year, then decide if you are getting a good return on your investment. You don't have to be a math whiz to understand this. You can easily identify patterns by jotting down new contacts and where they came from. Then ask yourself, "Have the results I've received from each of my initiatives been worth the price I paid?" You'll know. Armed with this information, you will be well-positioned to decide which elements of your marketing plan are working, and which aren't.

3. Not so fast, slick! As you're deciding which elements of your marketing plan to jettison, keep in mind that six months may be too quick to expect results from certain strategies. For example, it took me more than two years to achieve noticable results from my networking efforts. If you're not sure whether you should give a strategy more time, consider talking it through with an expert.
4. Slow and steady. Finally, remember that slow and steady wins the marketing race. A modest but consistent marketing plan will do more to help you achieve your goals than a series of quick-fix initiatives. Be honest with yourself about how much you can actually do and make the committment to get it done no matter what!

Good luck with your check-up! Let me know how it goes!!

  My best,

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Bevans Group News

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