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Don't
Start the New Year With the Same Old Marketing Plan Marketing
plans, like New Year's resolutions, often fail because they
are too ambitious in scope. The person who resolves to lose
50 pounds, quit smoking, lead a virtuous life and achieve
world peace all in one year is bound to fail. Likewise,
businesses don't leap from moderate success to the Fortune
500 in the course of a year. Marketing
plans can fail from a lack of ambition, too. It is not
enough to photocopy 1995's marketing plan, change the dates
and expect it to work in 1996. Most
companies completed planning for 1996 months ago. But with
the arrival of a new year, it is still a good time to think
about how your business has changed over the past year - and
about how it can improve in the year ahead. It is also
important to think about how the world has changed during
the past year, and to determine how these changes create
opportunities for your business. Do
not make resolutions you won't keep during 1996. But do
resolve to take advantage of at least one new technology
that will help your company improve its marketing efforts in
1996. If you haven't taken advantage of the benefits of the
World Wide Web, e-mail, electronic sales presentations,
multimedia, CD-ROM or any other new technology now
available, resolve to do so during 1996. From
a marketing perspective, technological change was much more
profound during 1995 than perhaps any other year. More than
anything, 1995 was the Year of the Net. Anyone attending the
Internet trade shows and seminars that took place during
1995 would have to marvel at how an industry that barely
existed a year ago could grow so quickly. Shows such as the
Internet World Conference in Boston attracted tens of
thousands of attendees, and the booths were filled with
promising new businesses. The Internet is not just a fad.
Retail sales via the Internet are still very modest, but the
Internet has clearly evolved as a business-to-business
marketing tool. If
the Internet is your technology of choice for 1996, the
following advice can help: Start
with e-mail. The graphic capabilities of the World Wide
Web are especially important to the real estate business,
but e-mail is the workhorse of the online industry. With
e-mail you can, for example, provide information about
property listings, exchange information with potential
clients and receive offers on property. A single message can
be sent to any number of people with the click of a
button. Use
graphics wisely. Most real estate web sites use graphics
poorly. Floor plans are reproduced so small the dimensions
are illegible. Photos are reproduced so large they can't fit
on the computer screen. Many people in the real estate
industry balk at paying $1,200 a day for professional
photography - and it shows. Photos of boxy-looking buildings
and telephone wires won't help sales. If you're trying to
sell a multi-million dollar property, professional
photography is cost effective. A professional photographer
can add warmth and personality to even a plain vanilla
building. Register
your domain name early. If you're developing a web site,
recognize that it can take up to six weeks to register a
domain name. Make certain to complete a search first to
ensure that your chosen name is not already being used by
someone else. Analyze
costs and benefits. Don't be blinded by technology.
Before investing in new technology, determine how it will be
used and estimate your payback period. Investing in an
electronic presentation, for example, will not be cost
effective if it is not going to be used frequently. Don't
be intimidated by technology. You don't need to be able
to program to use a computer. Likewise, you don't have to
understand HTML (hypertext mark-up language) to benefit from
the Internet. It's important to understand the marketing
implications of new technology, but that doesn't necessarily
require a broad understanding of the technology itself. I
use my own lack of technical knowledge as my benchmark for
new technology. I recognize that if I can understand and use
a new technological innovation, then it is ready for use by
the masses. Having used e-mail, surfed the World Wide Web
and created electronic sales presentations myself, I know
that my clients can also use these new technologies to help
their business grow.
David P. Kowal is President of Kowal Communications, Inc. of Northboro, Mass. He can be reached at kowal@kowal.com.
©1999 Kowal Communications, Inc. All rights reserved.
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