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Home→Published 2016 → December

Monthly Archives: December 2016

Executive Mastermind Posted on December 7, 2016 by Ray JamiesonDecember 7, 2016

The Bicycle Shop Marketing Lesson

Marketing Lesson

Once upon a time there was a shop that sold bicycles. The owner was asked who his ideal client was and he gleefully said:”We sell bicycles to anyone who is happy riding a bicycle!”

Marketing Lesson

However, when he stopped to think about it, he realised it wasn’t totally true. He sold many different types of bicycles and had many different types of customers, and they all liked riding their bicycles!  He realised it was time for a marketing lesson for he and his bicycle sales team.

There was the really fit person, who rode their bicycle for exercise and fitness. Lean and Lycra clad, they were out on the roads at daylight each morning, and their machines were the lightweight, road racing bikes.

Marketing Lesson

Then, there were the commuters, who had a more sturdy bicycle with bigger tyres and more tread on the road, with a little rack, somewhere to lock up a helmet and a place to tie on a bag to carry their shoes to change into when they got to work.  The seats on these bikes were more comfortable, and the people sat up a little more straight too.

The weekend bikers bought mountain bikes, a very sturdy, strong framed machine that could handle jumping over rocks and logs all weekend, had big knobby tyres for off road riding, big springs to absorb the shock of jumping and rough trail riding.  And of course a great, comfortably padded seat.

The most fun of all were the BMX trick bikes, with their crazy teenage riders, doing tricks and pirouetting on the back, and sometimes front wheels – you couldn’t do that on any of the other machines.

Marketing lesson

Finally, there were the little kiddies bikes, the ‘first bikes’ and trikes that toddlers and tots got as Christmas and Birthday gifts, and rode around their back yards, and sometimes living rooms when Mum wasn’t aware!  The kiddies didn’t buy the bikes, their mums and dads did, but it was the kiddies he needed to satisfy also.

marketing lesson

He realised that his marketing lesson was going to be a little more extensive. He didn’t have just one customer, he had many totally different customers, and to sell each of these bicycles in his range and make his shop more profitable, he would have to get to know and understand every one of them, very well!

Each of his bicycles had an ideal purchaser, someone exactly suited to them.  And each was very different.  Formerly, he promoted himself as the best bicycle shop in Brisbane, but now he knew he’d have to do a lot better than that!  Each of these special people, his ideal clients, deserved a special message from him, and deserved the time it took to get to know them properly, so he really could be the best bicycle shop in Brisbane for each of them, in their very own way!

What marketing lesson can we learn from this bicycle shop?

How many ‘bicycles’ do you sell in your product or service range?

And how many ideal clients have you identified and are marketing to?

If you, like Mr Bicycle Store owner, have a single mass marketing message, you are losing a huge amount of business to the shop up the road, which is just working on targeting the specific clients they want for exactly the solution they provide, with their particular product or service!

Marketing Lesson

Target your Ideal Client

Every different product or service in your range has a different ideal client.  For you to market effectively, you need to firstly understand and accept that, and then learn how to identify them and what they really need, to solve the problems they have when they go shopping for their solutions.

Fortunately it’s no longer a huge challenge to access this marketing lesson.  The opportunity to educate yourself in how to target your ideal client is now available, both in online, self-paced form and facilitated workshops.

What is the benefit of this ‘marketing lesson’?

You get to understand and identify your ideal client so well, that you can reduce your marketing budget, and go precisely to where your clients are, to present the exact solution they need to the problem they want to solve.  And you can learn to do that for every ideal client, for every product or service you provide!

Some people go shopping for the feel-good effect, but most go shopping for a solution to a problem they have.  Your product or service is specifically designed to solve certain problems, and provide specific solutions to those problems for the people who are experiencing them.

Your challenge is to get your precise message, which is simply that you have the best solution to their problem, right in front of them!  If you have been broadcasting to the four corners of the world about the features and benefits of your widget and not getting results, then perhaps there is your answer.  They were not looking for that, nor were they looking in those four corners.

They were right here, looking for a solution to their problem.

Here endeth the marketing lesson.

To get your solution to this vexing problem, you can access an incredible marketing lesson with Target Your Ideal Client at this link.  If you want to take time over Christmas to examine and rethink your marketing strategy, this is your opportunity.  The self-paced online program is there with 15 step by step exercises to enable you to get up close and personal with your ideal client, to find out all about them so you can literally identify them right where they are.

If you want a facilitated workshop, click here and we will include you in the next Small Business Target Marketing Workshop, where in a group format, we will deliver this program for you, 3 sessions over 3 weeks, so you can develop your strategy within the program, with our support!

Til next time, take time to enjoy the life you live.

Ray Jamieson

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Executive Mastermind

Are you wasting your marketing budget?

One year I spent $40,000 on marketing one of my seminars.  I had radio advertising, hundreds of spots at specifically advantageous listening times, local and broadsheet newspaper advertisements, TV spots, the works. If it was available, I had some of my marketing in or on it.

Fortunately I maintained my other promotional efforts, and critically, I tracked all my marketing efforts and results.

What was the outcome from this expensive marketing budget?

marketing budget

Is this your marketing budget?

I had three, only three, sales from the $40,000 investment, and 47 from other methods of marketing.  Net result; I was $30,000 worse off by spending all that money in my marketing budget.

What went wrong?

I was the perfect, ideal target client for an advertising executive.  I was an uneducated small business person with a lot of money to spend.  They perfectly assisted me in my endeavour to spend a lot of money on marketing.

Marketing Budget

Me and my old Marketing Budget

What could I have done better with my marketing budget?

Fortunately I had maintained my regular marketing efforts, but what would have made my marketing budget investment more effective was learning to target the perfect, ideal client for the product or service I was offering at that time.

You and I have this thing in common – we are both the absolute best person to know the problem that our product or service solves for our clients, and we are the best placed person to educate them on it!

The only reason we would pay another person who didn’t know our product or service as well as us, was that we hadn’t yet learnt how to present the education of our solution to the people who need it.

Effective marketing budget outcomes result in people with the problems we solve, self-selecting when they experience our marketing and recognising the solution they have been searching for.

Marketing Budget

Exactly what I was looking for!

Regardless of the product or service we provide, it means nothing unless the people out there in the community realise that it provides a solution to their problem. Our marketing budget must be used to educate them that we have that solution.  The solution may look nothing like the problem they think they have, but our education will make the difference.

Marketing a specific product?

There is an ideal client for every product or service; this is a fact that many marketing experts don’t accept.  We are told, especially in a multitude of online marketing trainings, that we must first ascertain what the market wants, and then tailor our problem to suit.  That is a brilliant theory, but only if your situation permits.

What if you are an agent or dealer for a product from an external provider, that can’t really be tailored?

What if you have a unique talent or skill that thrills you to perform, and it is what it is?

How do you market something which doesn’t really offer you the flexibility of adapting it to a broad market sector?

The answer is to really understand what problem it solves, and for whom. Then get to know those people so well that you can go right up to them and introduce them to your solution.

Now that is a really effective use of your marketing budget!

Marketing Budget

Target your Ideal Client

Rather than spending a fortune on broadcasting a message of dubious value, perhaps a better investment of your marketing budget could be in self education on the two fundamental questions that really are the key to an effective marketing budget:

  1. What problem do you solve with your product or service?
  2. Who needs and is willing to pay for the problem to be solved?

Once you have clarity on exactly what problem your product or service solves, you can proceed to develop a profile on who has the need for that exact solution.  The more clearly you identify that person or business, the more easily you can present your solution to them in the way they understand. You can educate them into asking you for your product or service. They self-select you as their solution and seek you out for it.

Isn’t that a better investment of a marketing budget?

If you don’t have that level of clarity yet, it’s time to work on it. Until then, your marketing budget is pretty well wasted.

How do you get this clarity around the solutions you provide?

Perhaps I can assist with my solution to that small business problem.

“Target Your Ideal Client” is both an online education program and a workshop series, teaching you how to identify and target your perfect, ideal client so completely that the only information you don’t have will be their name, email address and phone number, which they will happily give to you when you ask them!  You will know them so well that you will even know where to locate them, through your marketing, and how they like to be educated on what their problem is.

Perhaps it’s time to take a step back from your current marketing budget and re-evaluate it.  Educate yourself about what it is that you really solve for your clients, and learn how to get your solutions to more of them, faster.  This program, either in the self-paced form, or a facilitated workshop, may be the solution you need for this vexing problem of how to get the most value from your marketing budget.

Take a look now – I’d love to know your thoughts!

Til next time, take time to enjoy the life you live.

Ray Jamieson

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Posted in Business Coaching, Corporate Training, Entrepreneurship | Tagged #Executive Mastermind, #Ray Jamieson, how to market effectively, marketing, marketing budget, problem solving, Sales, target marketing, target your ideal client

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