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You are here: Home > Business > Marketing > Small Business Marketing Tip #4: Ego Normous - Learn Marketing From The King |
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Suggest You - Small Business Marketing Tip #4: Ego Normous - Learn Marketing From The King
Top 7 Fundraising Ideas ople. That is a common mistake among stupid business owners that don’t take the time to learn even the most basic fundamentals of the most important part of their business – marketing.Have you been given the job of organising a fundraising event and are stuck for ideas? Here’s seven great and simple ideas that you can organise to raise funds for your chosen group.Cookie Dough fundraisersThis is an ideal fundraiser for all times of the year. Just take orders and sell tubs of delicious cookie dough to your group. Profit margins 30-50%.Fundrai They are also being resistant to run the specials and promotions that corporate suggests. You must pick a target and stick to it. Be absolutely for them. Make them love you. Identify them and follow them, grow with them and change as they do. Be fast a Reflections in the Glass Ceiling I was reading the latest edition of Adverting Age magazine, an industry pub for us advertising nut-cases. Actually, I’m not real fond of the journal – too much junk about big brands and million dollar budgets. Not really the game most of our clients play in.The recent news about one of America's most powerful woman ceo's being removed from office has raised the discussion about gender bias, again. It disappoints me that in 2005, I still hear women clients talking about "the old boys' network". They say "glass ceilings" are holding them back in terms of advancement, pay equity, recognition and career satisfaction. While I have no doubt their assessments But there was an interesting story I thought I’d share with you… The story is about the battle between Burger King and their National Franchisee Organization. The two organizations are fighting over pricing and promotion plans, including the chain’s $340 million dollar ad budget!! Over the last year the new ad campaign had been working marvelously. Same-store sales rose 6.8% last year, the best performance in over a decade for the burger giant. But last quarter numbers weren’t as good, only a 1.1% same-store sales gain. So now franchisees are starting to voice their displeasure. What’s their main beef?? -- no pun intended. Is the campaign too narrowly focused?? Most of Burger King’s profit comes from the target, Male Teens. So the agency built the Crazy King, Dr. Angus, Subservient Chicken, Coq Roq and all the other wild campaigns round them. The campaigns have gotten massive attention in this demographic but some franchisees are concerned that they are missing out on other segments of the population, like the women market that McDonalds is focusing their efforts on right now. So the question I pose you all of you is…Are the franchisees right? Is focusing your $340 million dollar ad budget on specifically the portion of the population that represents the largest profit center for your company a smart move? I would have to say absolutely YES! It doesn’t surprise me that the non-marketing educated franchisees would want to be all things to all people. That is a common mistake among stupid business owners that don’t take the time to learn even the most basic fundamentals of the most important part of their business – marketing. They are also being resistant to run the specials and promotions that corporate suggests. You must pick a target and stick to it. Be absolutely for them. Make them love you. Identify them and follow them, grow with them and change as they do. Be fast an What Do Your Clients REALLY Think of You? izations are fighting over pricing and promotion plans, including the chain’s $340 million dollar ad budget!!*********************************************Know Thyself - Socrates*********************************************I'd like to start this article with a test …What do you get when you cross a Northern Canadian male, a 4x4 truck and heavy rain?You guessed it! … Mud Bogging!!!!That is how I spent my morning. My husband's new truck was too shinny, so he felt Over the last year the new ad campaign had been working marvelously. Same-store sales rose 6.8% last year, the best performance in over a decade for the burger giant. But last quarter numbers weren’t as good, only a 1.1% same-store sales gain. So now franchisees are starting to voice their displeasure. What’s their main beef?? -- no pun intended. Is the campaign too narrowly focused?? Most of Burger King’s profit comes from the target, Male Teens. So the agency built the Crazy King, Dr. Angus, Subservient Chicken, Coq Roq and all the other wild campaigns round them. The campaigns have gotten massive attention in this demographic but some franchisees are concerned that they are missing out on other segments of the population, like the women market that McDonalds is focusing their efforts on right now. So the question I pose you all of you is…Are the franchisees right? Is focusing your $340 million dollar ad budget on specifically the portion of the population that represents the largest profit center for your company a smart move? I would have to say absolutely YES! It doesn’t surprise me that the non-marketing educated franchisees would want to be all things to all people. That is a common mistake among stupid business owners that don’t take the time to learn even the most basic fundamentals of the most important part of their business – marketing. They are also being resistant to run the specials and promotions that corporate suggests. You must pick a target and stick to it. Be absolutely for them. Make them love you. Identify them and follow them, grow with them and change as they do. Be fast a S Corporation - A Federal Tax Hybrid Entity -- no pun intended.As a legal entity, the S corporation has changed significantly since it was first created by Congress in 1958. Not least of the changes happened to its name: it once was known by its legalese name, “Subchapter S corporation,” but became the more upbeat S corporation after the Subchapter S Revision Act of 1982 was passed.The S corporation is favored by investors because it affords them the best Is the campaign too narrowly focused?? Most of Burger King’s profit comes from the target, Male Teens. So the agency built the Crazy King, Dr. Angus, Subservient Chicken, Coq Roq and all the other wild campaigns round them. The campaigns have gotten massive attention in this demographic but some franchisees are concerned that they are missing out on other segments of the population, like the women market that McDonalds is focusing their efforts on right now. So the question I pose you all of you is…Are the franchisees right? Is focusing your $340 million dollar ad budget on specifically the portion of the population that represents the largest profit center for your company a smart move? I would have to say absolutely YES! It doesn’t surprise me that the non-marketing educated franchisees would want to be all things to all people. That is a common mistake among stupid business owners that don’t take the time to learn even the most basic fundamentals of the most important part of their business – marketing. They are also being resistant to run the specials and promotions that corporate suggests. You must pick a target and stick to it. Be absolutely for them. Make them love you. Identify them and follow them, grow with them and change as they do. Be fast a The Golden Era of the Consignment Thrift Shop t McDonalds is focusing their efforts on right now.A consigment thrift shop is a combination of a thrift shop where people donate their stuff usually to a charitable organization so that they can sell it to make money in their shop and of a consigment shop. The later is where somebody hands in their stuff to someone, not donating it, and that somebody sells it for them.Apart from supporting a good cause when used for charitable purposes these So the question I pose you all of you is…Are the franchisees right? Is focusing your $340 million dollar ad budget on specifically the portion of the population that represents the largest profit center for your company a smart move? I would have to say absolutely YES! It doesn’t surprise me that the non-marketing educated franchisees would want to be all things to all people. That is a common mistake among stupid business owners that don’t take the time to learn even the most basic fundamentals of the most important part of their business – marketing. They are also being resistant to run the specials and promotions that corporate suggests. You must pick a target and stick to it. Be absolutely for them. Make them love you. Identify them and follow them, grow with them and change as they do. Be fast a Demography and Population Analysis ople. That is a common mistake among stupid business owners that don’t take the time to learn even the most basic fundamentals of the most important part of their business – marketing.Political scientists have been agreed that any catalog of the essential elements of the state must include population, territory, and sovereign power. Aside from elaborate metaphysical studies of the latter they have given little attention to a fundamental analysis of these basic elements in political life, though in this way alone is it possible to penetrate beyond the superficial externalities of p They are also being resistant to run the specials and promotions that corporate suggests. You must pick a target and stick to it. Be absolutely for them. Make them love you. Identify them and follow them, grow with them and change as they do. Be fast and agile. Burger King is doing that and it has proved successful for them for the first time in a decade. None of the franchisees are in the target demographic – so none of them “get” the commercials. So they don’t like them. The funny thing is – they’re not supposed to like them. The commercials aren’t for them. But their ego is getting in the way. They want to like the commercials. They want to give them their stamp of approval. They think they know everything. A lot of business owners are this way. Entrepreneurs have big egos. It’s part of being an entrepreneur. But the ones that find true success and wealth are the ones that can put their ego aside and surround themselves with people who know more about all the subjects that they themselves aren’t uniquely and 100% qualified to do. For every point of ego you add to your marketing you subtract one point of effectiveness. Many small business owner’s ads are 100% ego driven and they 100% fail.
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