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E-Marketing Using Only Free Resources
I'll be the first to admit it; I'm a cheap skate. I'm not as bad as many I meet, but if there's a legal, ethical way to get it for cheaper or free, I'm there. I love Walmart. I get all of my clothes there. I love buying used cars - no car...

Effective Search Engine Marketing
Effective Search Engine Marketing Creating and building effective Search Engine marketing campaigns is like trying to nail jello to the wall for many companies! As it typically involves deploying very specialized processes and melding them with...

Gifts that Carry a Marketing Message
When we decide on a price for our products and services we have established our chosen profit margin. As part of that process we figure in the cost of marketing, but this figure does not always include purchasing gifts for our clients. Gifts are...

How to Use The Power of Affiliate Marketing. (c)
What is Affiliate Marketing? Will it lift your business to the next level? or, is the Gold Rush over? A wise man once said that the majority of people take their project to the point where it looks impossible and then give up. That is NOT the...

Motorsports Marketing & Sponsorship
Why Become A Motorsports Sponsor? A company can benefit from motorsports sponsorship in many ways, such as: 1. Driving Sales Sponsorship geared towards driving sales can be an extremely effective promotional tool. Many successful...

 
Ten Ways to MROI-Maximize Return on Your Investment in Marketing

MROI means Maximizing Return on Investment. How do you do this in marketing? Track, measure, analyze, strategize. The more data you get, and the more you massage it, the more you learn, and the smarter your marketing is going to be.
Here are some questions to ask yourself when you plan your marketing strategy.

1. What are the historical patterns of behavior of your clients or customers? Do they respond more in the fall? At New Year's? Gear up for these times in the coming year.

2. What clients have brought in the most revenue? These clients are "worth" more. (Remember the 80/20 rule.) Where did they come from? Why did they choose you?

3. What else might these high revenue-driving clients like to buy from you? Distance learning? Ebooks? Tapes? Promotional products?

4. What contacts brought in the most business? A particular ezine? Something on your website?

5. What products, services, or programs have brought in the most revenue? Replicate these!

6. Where have your referrals come from? Remember the 80/20 rule -- 80% of your referred clients probably came from 20% of your referrers. Reward the people who refer to you. Find more like them. (80/20 Rule)

7. What are your customer demographics? What sex, age, income, education, occupation, hobby? Put your ads and promotions in places where these people go.

8. Can you verbalize the formula? Know precisely what drives traffic and revenue to you. For instance, mailing X number of flyers yields X new clients, costs $X, and takes X hours.

9. Did you factor in your time? If giving one teleclass yields less clients than the above tactic, but only takes 1 hour and costs less, it's more cost-effective for you to give teleclasses.

10. Are you still creative? Making your marketing more business-like can't be done at the expense of your creativity, flexibility and willingness to experiment. Both are necessary.

Permission is granted to reproduce in any form as long as byline stays intact. Courtesy copy appreciated.

About the Author
Susan Dunn is a personal and professional development coach, writer, author and speaker with an international following. Check out her Distance Learning School at www.susandunn.cc. Email her for FREE ezine.

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