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What's the benefits of using a Marketing Consultant?

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Old 07-02-12
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Default Re: What's the benefits of using a Marketing Consultant?

Increasingly we are seeing proposals that contain measurable outcomes and where appropriate ROI. New forms of marketing, most of it either web based or at least deployed via new technologies are allowing better measurability than ever before. Ad words, affiliate and other lead generation all allow measurement of performance so its simple for a consultant to demonstrate their ROI and therefore their value. Those that can demonstrate (or guarantee) positive ROI can demand a premium for value created.

If you put your mind to it, almost every business expense can have a measurable output ascribed to it. Once you have measurable outputs you can set KPI's, you can determine value and ROI.

And Khalid there are exceptions. We are rolling out new services this year and they will be heavily results focused. Clients will see clear measures of our performance for some services.

In this day and age every dollar in business counts so for a consultant, being able to guarantee positive ROI outcomes (or value) makes the buying decision easy.

You can't manage what you can't measure.

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Old 07-02-12
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Default Re: What's the benefits of using a Marketing Consultant?

A smart business owner realises how important it is to lower the barrier of entry/resistance. The roi guarantee is ideal her but can also backfire.

In my above post, i was talking about the majority. Look at how much demand there is for marketing consultants and look at the low fees being charged. If i was charging $250 or less, i wouldn't give a guarantee.

Besides, most businesses don't offer a guarantee themselves (Fee for service) so they don't expect a guarantee. Just a great feel good presentation with a bunch of numbers is enough usually.

Anyone who downloaded the consulting questionnaire can see that i am more roi orientated than the average cpa - considering i charge more than the average cpa.

My mantra is :

If you cant meaure, you cant improve.

There are exceptions and there is a reason why they are called exceptions

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Last edited by Khalid Adam; 07-02-12 at 10:19 AM.
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Old 10-02-12
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Default Re: What's the benefits of using a Marketing Consultant?

Quote:
Originally Posted by nominal View Post
Thanks for this,you've given me a lot to think of.

"Its not personal its business" I love this line :-)

I've read somewhere today that a software professional trying to actually sell software has a real problem with understanding the target market, usually tries and fails with marketing, than asks for help and doesn't trust it.
Hi,

I've been reading the responses you received with interest.
Some forum members have offered some great feedback and suggested that you consider a range of factors.

I'd like to add my response.
It is going to be hard for you to choose a marketing consultant.
Not all marketing consultants offer the same services, and key to your considerations needs to be your budget, your time and your skills.

You need to be able to afford to pay for a consultant - and a good one will be on the more expensive side.
When I speak with potential clients, I need to know a few things:
Can you afford the marketing - really?
Are you at that point where you have comfortably allocated funds to pay for the expertise, because you know you need it (and you have stated you know you need it... :-))

Another question is do you have the time to focus on the marketing side of things? Not just if you did it yourself, but if you work with a consultant?
You may be asked to undertake certain tasks, as part of the marketing process. Do you honestly have time to do that?
Do you have resources available to you ie could you outsource, do you have another person in the business, that could help with any of the implementation of marketing strategies?

Also, do you have the skills?
Meaning, do you have any idea what marketing actually is? I don't mean for that to sound insulting to your intelligence :-) But, seriously, there is a lot of mixed communication in the current marketing world due to the technologies that have impacted it. Marketing consultants that start with the basics and the foundations are the ones to aim for at your early stage.

You would need to be clear on what you want to achieve, so you that you can be clear on what it is that marketing can do for you. It is a two-way street; you would need to come into the consultative process both open-minded, as well as having some ideas of what you want to achieve, how you see that happening and honestly with being prepared to let go of any ideas or expectations you may be attached to, in case the marketing consultant tells you the idea or expectation will fall short.

What you could expect from a marketing consultant is someone who listens to you, and understands what is so important to you about your business.
You want someone who can give good advice, solid advice that is not personally critical of you, but that may be very critical of processes, procedures, steps, stages, anything thus far that may not be working for you.

You would also hope that the consultant takes time to learn about your product/service, your industry (if they are not already experienced in that area) and to help you format a plan of action - the way forward.

You need to demonstrate that you have done all your research ie that you know your target market and demographics, that you have a full understanding of how your product/service resolves a problem, fulfils a desire, provides a solution/fills a need for your ideal customer.
Did I mention that you need to know who your ideal customer is? :-)
You really need to understand who will buy your product.
You need to be able to provide details on your customer service, your follow up and help desk, your credit and payment methods, your returns policy, your whole kit-and-kaboodle.

So, in summary:
If you can afford the consultation fees;
If you are deadly serious about growing your product / service;
If you have done all your research and you are ready to move forward and are open to new ideas, ways to do things that may not always be "in the box", then you are ready to use the services of a marketing consultant.

And because you know what you want and need, you'll know which consultant "fits".

Hope that is not too confusing.

Terri Mitchell
AKA The Profit Frog
Marketing Consultant to SMEs
www.theprofitfrog.com

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Old 10-02-12
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Default Re: What's the benefits of using a Marketing Consultant?

If you have time then marketing yourself is ok, and if you are working, hiring someone is better.

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Old 10-02-12
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Default Re: What's the benefits of using a Marketing Consultant?

Quote:
Originally Posted by Khalid Adam View Post
marketing consultants can make or break your business. Most often they break your business because they come from the corporate world and think that strategies from big companies can easily be adapted to small businesses.

Marketing is something you should never outsource. not completely anyway. if you are going to have success, you need to have a firm understanding of what works and how and why then outsource it. this way you know if the advice given is credible or not.

Feel free to go through this consulting questionnaire. It should spark some ideas.

My advice is go and become your own marketing/business coach. You don't need to know the details. Just enough to make generate revenue to afford a quality marketing advisor. They dont' come cheap and often, you have to sell yourself as to why they should accept you as a client.

By the way, i disagree with the "it's not personal, just business" statement. We do business with people not businesses. It always has been personal because humans are emotional creatures.

Btw, please ignore the complementary session offer in the footer of each page if you have less than 3 staff.
Khalid,
I like the consulting questionnaire. Mine is much less "intense" with different questions. Could I make use of yours, with credits to you as the author - even if I use some of the questions with my own, and not use all of them?
I understand if you say no.
Thanks in anticipation
Terri Mitchell
The Profit Frog

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Old 10-02-12
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I don't mind at all. Got it from jay abraham and its really geared towards successful businesses who have staff and want to take it to the next level.

I too have a simpler version (intro stuff) but the purpose of this questionnaire is for the flying solo members to realize:

1. They need to ask the right questions before getting the right answers.

2. There is a difference between marketing and business growth

3. Cant do it all on their own.

4. Marketing isnt just about branding, special offers, social media or what they read on forums and free blogs.

In most cases, it freezes the average solopreneur but someone who has staff will see you as their savior.

Now go turn it into paying clients




Quote:
Originally Posted by The Profit Frog View Post
Khalid,
I like the consulting questionnaire. Mine is much less "intense" with different questions. Could I make use of yours, with credits to you as the author - even if I use some of the questions with my own, and not use all of them?
I understand if you say no.
Thanks in anticipation
Terri Mitchell
The Profit Frog

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Old 10-02-12
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Default Re: What's the benefits of using a Marketing Consultant?

Quote:
Originally Posted by Khalid Adam View Post
I don't mind at all. Got it from jay abraham and its really geared towards successful businesses who have staff and want to take it to the next level.

I too have a simpler version (intro stuff) but the purpose of this questionnaire is for the flying solo members to realize:

1. They need to ask the right questions before getting the right answers.

2. There is a difference between marketing and business growth

3. Cant do it all on their own.

4. Marketing isnt just about branding, special offers, social media or what they read on forums and free blogs.

In most cases, it freezes the average solopreneur but someone who has staff will see you as their savior.

Now go turn it into paying clients

Ahhh I should have recognised the questionnaire in a way... my consulting services are based on a program that originated with Jay Abraham that was then modified by one of his "proteges".

Excellent, thank you for the go-ahead.

Cheers
Terri

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Old 10-02-12
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Default Re: What's the benefits of using a Marketing Consultant?

i'm very familiar with your mentor's work as well other successful proteges of jay abraham and dan kennedy. I get all their stuff.

They all have their perspective and it's amazing how they take what they learn e.g USP and give their own take on it. One other progege turned the USP into UBA (unique business advantage )for his industry (finance professionals) and sales skyrocketed.



Quote:
Originally Posted by The Profit Frog View Post
Ahhh I should have recognised the questionnaire in a way... my consulting services are based on a program that originated with Jay Abraham that was then modified by one of his "proteges".

Excellent, thank you for the go-ahead.

Cheers
Terri

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