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marketing: Recession Marketing All About Connections

From Entrepreneur.com

Recession Marketing All About Connections

March 13, 2009

THIS SPRING, ACQUIRING new customers presents a whole different set of challenges. We've entered an era of relationship marketing thanks to the recession, and customers are putting their limited dollars behind the products and services they know, trust and believe in. There's a renewed emphasis on interpersonal selling skills and one-to-one experiential tactics that help you build face time — and credibility — with new customers.

Experiential marketing describes a host of marketing tactics that bring prospective customers or clients into direct contact with what you sell in a way that's positive and memorable. In other words, it helps you connect with customers on an emotional level. And the great news is that experiential marketing doesn't have to cost a fortune.

Everyone knows we believe most in what we see and experience ourselves. A positive or negative experience can color our relationship to what's being tried. Even a kid who's thrilled to take his first bike ride may come away with an unfavorable attitude toward bicycles if he falls and breaks his arm. As a business owner, it's up to you to engineer positive interactions between your prospects and your products or services to ensure nothing — particularly the customer relationship — gets broken.

Take to the Streets

Public places offer opportunities to encounter large cross sections of the population, so it's not uncommon to see some forms of experiential marketing in action on busy urban street corners. One Southern city, for example, sent teams to Northeastern business districts to give out sunglasses with a campaign that urged workers to move to its sunny, high-tech hub. In a similar vein, many consumer product marketers use experiential marketing in areas with a high percentage of pedestrians that fit their target audience profile.

As an entrepreneur on a budget, you could pick a location and obtain permits to distribute several hundred product samples to business people outside an office building — that is, if working men and women comprise your target market. This could take the place of pricier sample mailings and provides a more memorable experience for prospects. Plus, by asking a few simple questions as you hand out the samples, you can obtain invaluable data with no additional cost. Just be sure to add an element of special interest or fun to give members of your target audience an enjoyable experience with your new product.

Put on a Show

Many consumer and trade shows provide seemingly perfect experiential marketing environments where companies can share new products with hundreds or even thousands of potential customers. Often, however, these events are less than ideal because they're too crowded and noisy, which can detract from an otherwise positive experience. That's why many businesses create their own experiential marketing events and control the venue, audience size and make-up, as well as the way their products or services are showcased. For example, an audio and video equipment reseller in Tulsa, Okla. puts on private shows for its business customers three times a year, paid entirely with co-op dollars from the major manufacturers it represents. And one young entrepreneur who designs and manufactures a collection of hair ornaments borrowed a friend's downtown salon for the evening to put on a fashion show featuring his products. This gave guests an opportunity to see his products and share in an exciting, memorable experience, which is the cornerstone of what makes this form of marketing so successful.

With some imagination, you can create your own low-cost, high-impact events. Experiential marketing is all about creating a positive one-on-one connection with customers they won't soon forget.

Kim T. Gordon is the "Marketing" coach at Entrepreneur.com and a multifaceted marketing expert, speaker, author and media spokesperson. Over the past 26 years, she's helped millions of small-business owners increase their success through her company, National Marketing Federation Inc. Her latest book, Maximum Marketing, Minimum Dollars, is now available.

Last 3 Comments
Rick Posted: 12:41 AM On May 30, 2009
It is always about customer relations and walking in your customers shoes to get a true understanding of their wants,desires, and methodologies in their thought processes. Finding creative ways to develop a strong customer relationship is one of the most powerful ways to securing your business and profits. <a href='http://www.incentivesolutions.com/customerloyalty'>Customer loyalty programs</a>,offering sales incentives, and incentive programs and freebies always helps establish a strong bond between the company and customer. You can always promote from within your business by offering unique employee recognition programs and systems as well. Cross-promoting with other businesses is an excellent means of generating extra revenue but also a very cheap form of effective advertising and marketing.
Jacqueline Edwards Posted: 12:38 PM On April 28, 2009
Great points. Many people are forgetting people choose to do business with you because of relationships. They like you, you win their business. Contrary to popular belief relationship building does not take long it's a matter of minutes before someone decide if they like you or not so the initial contact is key. To build a positive connections, share your name and use theirs. Maintain comfortable eye contact, learn who they are, the best way they will allow you to and give them positive feedback to who they are to strengthen that positive connection. Positive feedback is mostly through a compliment not a suggestion to do something better or adding a better twist to what they say. As long as the compliment is genuine you'll hold their attention and have a chance of developing a relationship that will transfer into cash flow in your business over time.

Jacqueline Edwards
Business Solutions Analyst
Business Pipeline Solutions
212-281-3295
Robert Posted: 7:19 PM On March 22, 2009
My adventure into the network marketing - home-based business field has been booming in this economy.

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What does that mean?
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God Bless,
Robert
321-426-6120
email- rpmfireguy@aol.com
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