Sunday, February 17, 2008

Small business needs to outsource marketing to get best bang for their buck

A survey recently conducted by Mormac Brand Re-engineering showed that 90% of small business owners do their own marketing. In some cases this meant everything, including graphic design. About 12% did have professionals handling their graphic design and web page development but all other marketing tasks were handled by themselves. This was particularly true in start-up businesses.

And people wonder why 50% of small businesses close in the first year and 70% are gone by year five.

You wouldn't go into a serious court case and handle it yourself. You'd take your lawyer. You wouldn't battle the tax man by yourself, you'd take your accountant. You have financial advisors, insurance advisors - so why don't you have a marketing advisor?

The Canadian Bankers Association recommends this list of advisors to help small business be successful: "Lawyers, accountants, financial advisors, communications and marketing specialists, insurance agents, computer and technology experts – all can provide professional advice and other services to you."

Lately, I've heard small business owners saying, "I can't pay for a marketing specialist right now, I have to make more sales so I have more money." And where are those sales going to come from if you aren't marketing yourself correctly? And realistically, poorly-handled marketing costs you money - it doesn't make you money.

Now I know some small business owners think that to get good solid marketing advice they have to pay through the nose. But this is not necessarily true. A consultation on the habits of your customers and how that plays into delivering strong messages may be all it takes. Marketing isn't just advertising (which is where an awful lot of money is spent). A small business marketing consultant should save you money and increase your sales.

You don't need a glitzy, glamorous advertising agency to help you get a handle on your marketing. Check around. There are entrepreneurial marketers out there with the experience and skills to review your plan and give advice, without having you tie yourself to full agency services.

Do yourself a favour. Stop thinking you know how to do everything. You don't. And no one expects you to - except maybe yourself. Get a marketing advisor just like you get a lawyer or accountant.

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