The 12 Reasons Owner Transitions Are Not Successful (and What to Do About It)

While building your company is certainly of primary importance to any business owner, properly planning for and executing your exit plan is an often overlooked facet of business ownership that leaves many successful owners in the lurch when it’s time to move on. You’ve worked hard to grow revenue, increase brand awareness, and carve your foothold in the marketplace – don’t let these common setbacks prevent you from achieving the same level of success as you transition forward!

Read the full article at: csq.com

Exit Strategies | Overview of 5 Exit Strategies for Small Business

What exactly IS an exit strategy? Small business owners have their hands full building and maintaining a business, but rarely spend time in advance thinking about how they’ll eventually hand off the company they’ve built. Understanding your options to transition out of the business can help you develop long-term goals and an exit strategy that nets you the largest possible return on your time and financial investment in your business. Check out these five exit strategy types to start thinking ahead!

Read the full article at: www.patriotsoftware.com

Crafting Products and Services to Reduce Time-to-First-Dollar

We’ve all seen our share of tire-kickers – those would-be buyers who take their time in making a purchase decision, evaluating every detail because they’re in no rush to pull the trigger. This problem becomes especially prominent when your company’s main service or product is a comprehensive, all-inclusive solution since there’s that much more to evaluate.
Good marketers know all this time sitting in the sales pipeline hurts revenue growth, and that’s why it is important to get prospects to buy something as quickly as possible. Sales Renewal has worked with clients in different industries to minimize this so called “Time to First Dollar” by various means ( such as “unbundling” a comprehensive service to create smaller, easier-to-buy services). Learn more about reevaluating your offerings through Sales Renewal’s “Crafting Products and Services to Reduce Time-to-First-Dollar”  webinar. You can also read more about specific case studies and our proven track record for putting this and other revenue accelerating marketing strategies into effective action.

The 5 Most Common Strategy Execution Challenges

Creating a marketing strategy to boost your business is a great start – but without consistent ongoing execution, even the best plans are doomed to failure. Is the implementation of your marketing plan facing any of these five challenges? Our JointSourcing solution can get your business back on the right track towards your goals!

Read the full article at: www.cumanagement.com

Importance of a Marketing Strategy in an Organization

While it’s no secret that marketing is vital to business growth, far too many small businesses tend to take a “just wing it” approach to their marketing. We strongly recommend having a planned strategy to keep your marketing budget focused and efficient, so here are five great reasons to start building strategies and get your company’s plan off the ground – and we’re always here to help walk you through each tactic and apply it most effectively for YOUR business!

Read the full article at: smallbusiness.chron.com

5 Tips for Effective Marketing Communication

When building your business, having a great product or service is just the beginning. Communicating your company’s offerings, solutions, and advantages is crucial for turning a good product into a wildly successful one. But in the age of digital communication, traditional advertising is no longer the only way to tell people about what you offer. Connecting with your target audience through digital media can be an incredibly powerful asset to your brand and business – as long as you can optimize your message and create effective, ongoing communications with your customers.
Here are our top five tips to more effective marketing communication.
1. Articulate your marketing goal(s) and message
It’s difficult to be effective if you’re unsure what your goals are. Without defining a clear message and a way to measure the success of your communications, you’ll end up with a less cohesive and less engaging strategy that uses up time and resources without generating returns. Instead, practice making SMART goals that center around a clear, direct message.
2. Define and understand your audience
Knowing what you want to say is one thing, but knowing what your ideal customer wants to hear is another! Research your audience and identify what types of conversations or solutions are important to them. Learn where they go to find information that helps them make decisions. Craft your messages around your researched data to ensure you’re investing your marketing time and budget into communications that will get attention, rather than falling flat amid the rest of the market noise.
3. Tell a story
If the movie and television industry gives any indication, people love a great story – especially when they can identify with the characters and conflicts. Craft your messaging into relatable narratives that put your ideal customer at the center of the story. Creating recognizable situations and offering the best-fit solution to a known problem will help your brand establish a more intimate connection with your audience than traditional advertising.
4. Focus your message
Keep your eyes – and your communications – on the prize. Once you’ve identified a key concept and message, stick to it. Creating too many individual messages can become overwhelming to the consumer. If you have multiple messages that you’d like to work with, consider separating them into independent campaigns that build consistency around each message, rather than trying to work multiple discussions or points into the same campaign strategy.
5. Create a dialogue
One of the biggest advantages of digital marketing over older methods of advertising is the ability to have a conversation with your audience. A billboard or TV commercial is a one-way communication, but social media platforms, email marketing, and other digital media forms allow the customers to engage with the material and messaging. Open your campaign to dialogue by asking your audience questions, encouraging them to share their experiences with your brand, or by creating an approachable persona on your accounts. When your customers feel connected to your brand on a personal level, they are more likely to not only listen to what you have to say, but to act on your offerings as long-term clients.

Don’t Overlook These Email Marketing Fundamentals

In a world where every marketing plan is competing for attention with thousands of other messages, email marketing is one of the best ways to get YOUR message directly into your audiences’ hands. While other digital marketing strategies rely on the audience to visit or view your content, emails land in their inboxes, and recent data shows people check their email an average of 15 times per day! Whether you’re already using email marketing, or are just starting to add this tactic to your overall strategy, make sure you’re building a solid foundation to maximize your reach and your impact.

Read the full article at: www.clickz.com

The Power of Empathic Storytelling: How to Make Your Customer the Hero of Your Story

Modern consumers have evolved beyond the scope of traditional “buy this product” advertising; these days, your customers and clients are as interested in the why and how of products and services as they are in the what.  Creating purposeful narratives that connect with your target audiences on a deeper personal or emotional level will help you stand out amongst your competitors and build a lasting bond that keeps your clients coming back.  Discover how to focus your storytelling content on your customer in this article from Entrepreneur.

Read the full article at: www.entrepreneur.com

Don’t Just Hire Freelancers – Outsource Your Management

Navigating the gig economy as a small business owner can feel overwhelming. Freelance and contract workers are more available than ever before, and can prove highly effective in maximizing both your budget and your company’s output – but hiring contracted help introduces a difficult maze of understanding, communication, and management that may be more draining for you than it’s worth. Fortunately, at Sales Renewal, we’ve become the experts in building and managing outsourced marketing teams designed to meet your business’ specific needs and goals!
When you attempt to hire freelancers yourself, you’ll likely encounter a very common barrier almost immediately: understanding the scope of their work to a level that allows you to make informed decisions. You may not have an extensive knowledge of marketing strategy, tasks, and tools to know if you are hiring the right people for your needs. Working with an outsourced management company puts years of experience and expertise at your fingertips, ensuring you’ll have the right team with the right skills to advance your goals effectively and cost-efficiently.
A single point of contact simplifies development and coordination of your marketing strategy, and increases accountability through organization. Having an expert manager at your disposal also means your needs and asks can be clearly communicated to the right personnel at the right time, streamlining strategy processes and producing higher quality results more quickly. When your strategy needs to pivot to a new tactic, your marketing manager can shift your outsourced team around the new goals without forcing you to start over with new hires and new relationships.
So when is the right time to reach out to an outsourced marketing manager? Generally, when you are facing a short term project or a very limited number of tactics to handle, traditional freelance roles may be sufficient. Once you’re looking for a longer term strategy incorporating numerous complementary tactics, though, juggling numerous freelancers becomes more difficult. This is the perfect time to bring in an experienced outsourced marketing agencythat can take your goals and run with them. Start-up businesses, for example, often hit a point in their development where adding an official marketing department is a stretch, but a freelancer or two can no longer keep up with the business needs. Building a relationship with a marketing management team can grow with the company and remain consistent throughout the lifetime of the business.
Outsourced management is also ideal at the end of a company’s lifetime, when you’re beginning your exit planning. As you prepare to sell your business, running marketing investment analyses can help you determine whether you’ll achieve the financial balance you’ll need to retire comfortably. You can ramp up your marketing to hit those numbers without adding or maintaining a marketing staff, which makes your business more appealing to potential buyers that won’t have to consider layoffs or employee integrations after acquiring your company. You’ll also offer your buyer the benefit of consistency and knowledge transfers, as your management team bridges the gap as you transition out of the company.
Freelancers can enhance your business in many ways, but to truly make the most of contracted marketing help, consider working with an experienced, outsourced marketing agency; especially one that shares the risk & reward! Learn more about the unique JointSourcing Solution to see how our team can build your business in a smooth, effective, and results-driven way!