Guerrilla Marketing Coach
Dated 2/7/2001
THE GUERRILLA MARKETING COACH
Weekly Tips to Increase Your Small Business Profits
Volume I No. 19 - February 6, 2001
by Mitch Meyerson
Director of The Guerrilla Marketing Coaching Program
Coach * Author * Teleclass leader
"The best selling marketing series of all time"
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Quote for today:
"Excellence is doing ordinary things extraordinarily well".
John W. Gardner
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GUERRILLA EFFECTIVENESS
There is a world of difference between efficiency and
effectiveness, and it's in that world that guerrillas flourish.
They are well aware of the power and omnipresence of the
80/20 rule and have probably read Richard Koch's book,
"The 80/20 Principle" because even its subtitle -- "The Secret
of Achieving More with Less" -- is guerrilla through and through.
It dramatically emphasizes the effectiveness that can be gained
by simplicity.
Alas, even guerrillas don't hit the bullseye with all of their
marketing, but at least they direct their energies towards
learning which 20 percent of their marketing generates 80
percent of their sales. Just knowing this to be true is a
compelling reason to learn where each of your customers
learned of your existence, to recognize that all customers
are not created equal and that 20 percent of them most likely
account for 80 percent of your profits.
The 80/20 rule teaches you simplicity and applies to more of your
business than marketing and more of your life than business:
* 80 percent of what you achieve at work comes from 20 percent
of the time you spend working.
* 20 percent of a company's products usually account for 80
percent of its sales. And 20 percent of its employees contribute
to 80 percent of profits.
* 20 percent of criminals account for 80 percent of crimes.
* 20 percent of motorists cause 80 percent of accidents.
* 20 percent of your carpets get 80 percent of the wear.
* 20 percent of your clothes will be worn 80 percent of the time.
* 80 percent of traffic jams occur on 20 percent of the roads.
* 20 percent of computer users purchase 80 percent of software.
Your job? To find out which 20 percent of your marketing is
motivating the most sales, to determine which 20 percent of
your customers are producing 80 percent of your profits, to
learn which 20 percent of your prospects are most likely to
become customers.
When you discover which 20 percent of your customers are
responsible for 80 percent of your sales, focus on keeping
them happy, increase the amount of business you do with them,
and tap them for their referral power because these are obviously
satisfied customers. Paying more attention to them reduces your
marketing budget because you can pay less attention to the 80
percent who motivate 20 percent of your profits.
Once you mind has absorbed the full implications of the 80/20 rule,
consider applying it in other ways: celebrate exceptional productivity rather than raising average efforts. Look for short cuts. Be selective more than exhaustive. Delegate and outsource as much as possible. Target a limited number of goals and focus like a laser beam upon them.
Because you're a guerrilla, don't do any of these things in a
hurry. Patience will enable you to spot the areas that need
changing, then to implement the changes so that humanity remains
part of your modus operandi. Fast isn't beautiful. Big isn't beautiful. Small isn't beautiful. It's simple that is most
beautiful if you're an 80/20 kind of guerrilla.
From Guerrilla Marketing by Jay Conrad Levinson
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HAVING TROUBLE MARKETING YOUR BUSINESS?
For a free consultation on what a Guerrilla Marketing Coach can do
for you, send us an e-mail or Join our new Guerrilla Marketing
Results Group. For Information: mailto:mitch@gmarketingcoach.com.
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(c)Copyright 2001 Mitch Meyerson
HAVE A GREAT WEEK!
-Mitch
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