Not a Marketer, Not a Problem

© Deluxe Enterprise Operations, LLC. Proprietary and Confidential.

Not A Marketer?

Daniel Boone, Exec. Director, Integrated Programs

#smallbusinessrevolution

Not a Problem!

© Deluxe Enterprise Operations, LLC. Proprietary and Confidential. 2

What and Why• For most entrepreneurs, marketing takes a back seat to

running a business.

• You didn’t start a business because you couldn’t wait to build a website or launch a marketing campaign.

• But marketing is essential and it works – if you approach it the right way.

• The Key: know what you want to do and use the right tools.

• Rarely is it about growth, more often it’s about relationships.

• Good marketing, like your business is an extension of you and your dreams.

• If you plan the work and work the plan it can actually be fun.


Contents• 4 types of operators and 4 types of marketers

• How to identify your marketing style • What’s your passion?

• What marketing tools are a good fit for you• Some of the tools all of the time; all of the tools some of the time

• How to make the right marketing investment• No need to overthink it • Don’t be shortsighted

• Q&A & resources

Your Marketing StyleEverybody’s got one

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© Deluxe Enterprise Operations, LLC. Proprietary and Confidential.

4 Types of “Operators” and 4 Types of “Marketers”


What Type of Marketer are You?

Marketers 42% Keepers 45% Builders 12% Avoiders <1%


The Keeper• Loves the status quo

• ROI driven (some risk aversion) but to a point

• Affordability important – not active marketers

• Doesn’t need best in class if it satisfies needs or customer needs

• Primary concern – stay connected with customers

• Tends to be a bit smaller or work with a partner

• Will seek help if it provides a demonstrable ROI


The Marketer• Early adopter of technology and ideas

• Likes to be/use best in class

• Likes to deliver great experiences- heavy users of online marketing tools

• Has very high expectations for self and others

• A thought leader – a “go to” for advice (maven)

• Slight tendency to be larger (10+ employees)

• Very competitive – does a lot on their own but will seek help if something is beyond their skills


The Builder• Focused on retaining customers and building their

brand

• Customer satisfaction is everything – but some interest in growth

• Consider change/upgrades and doing more on-line if those changes improve customers perceptions of them or helps satisfy customers

• Most appreciative of customer service/support when dealing with others

• It’s all about building trust and loyalty for and from customers


The Avoider• Needs things to be easy

• Typically a straightforward sales process focused on acquisition

• KISS

• Avoids risk

• Seeks trusted relationships

• Not sophisticated marketers – heavy users of off-line marketing techniques

• Vintage music example


What tools best fit your style?This may surprise you

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If all you have is a hammer, everything looks like a nail• It’s not the what or which… it’s the why

• Some basics everyone needs

• Lots of people out there selling hammers and every problem you have can be solved by the one thing they offer

• A tale of two guys named John


The “Marketer’s” Toolkit• High end of online marketing spectrum, lots of social media

presence – likes followers, likes exposure, needs high traffic

• Likely invests in local listing services, may do radio and TV

• May engage in paid search and also rent prospect lists (EM/DM)

• Needs email to nurture a complex sales process

• Will invest in new things -- always looking for the next best thing

• Still uses print but does so in an integrated way, would prefer online

• Probably has a professionally designed logo – probably paid too much for it.



The “Keeper’s” Toolkit• Needs to be sure current customers can find the business,

so likely has social media presence and a basic website

• Listed in a modest number of local directories (on and offline)

• May use email to push blog content or newsletters, alert customers to special deals or new developments

• May have a customer rewards program (if in retail space) and collects customer data to build email file and direct mail file

• Probably has a logo, but may not be a professionally designed one – maybe didn’t invest enough in it.


The “Builder’s” Toolkit• Most likely to have a professionally designed logo and one that a

lot of thought went into. Maybe had the logo before the business launched.

• Almost certainly has a worked out marketing plan

• Likes to make sure all touch points on and off-line look and feel the same

• Site must be a complete reflection of their brand and needs to differentiate them in their market

• Leans towards high-end off-line tools, local radio & TV

• May sponsor a lot of customer-focused events

• Likely to send high-quality holiday cards and anniversary notices


The “Avoider’s” Toolkit• Well…

• Yellow Pages best customer

• Hires boy/girl scouts to distribute door hangers

• Built a website once, but still isn’t sure why

• If they have a logo – a friend of a friend designed it for free

• Might sponsor a little league team if pushed to it

How much should you spend?It’s best to have a plan and work that plan.

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First a few questions… • Do you want to grow?

• How much is a new customer worth over a lifetime?

• How much can you afford to spend to acquire/keep a customer?

• What’s the long-term plan? How much income do you want/need?

• Can you afford to be upside-down initially?

• Do you have the time and resources to on-board new customers?

• What options are you most comfortable with and best fit your objectives, market and style?


This is the last marketing calculator you’ll ever need! • Here’s how to figure it out:

• Avg. gross margin/transaction – COGS (include EVERYTHING) x # transactions annually x expected retention (years) = Acceptable cost of acquisition

• It is much more expensive to acquire a new customer than to retain one – perhaps 5x so the formula for retention should factor that in.

Simple Marketing CalculatorGross Margin/ transaction 500$

minus (-)Cost of Goods Sold 400$

times (x)Number of Transactions Annually 2

times (x)Years customer ratained 4

equals (=)Acceptable cost of acquisition/customer 800$

ConclusionWhew!

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So…• It’s about you and your marketing style – and remember, we all have all of

them in us, just a matter of which one you most embody.

• Some tools everyone needs, others – only if they fit your needs

• You need to think about (but not overthink) how much you should spend

• What you do spend will not likely payoff in the short term no matter what type of marketer you are and your level of comfort with risk or need for ROI

• Remember an investment in marketing is an investment in your dream!

• Q&A

• Some links: decks, calculator and What's Your Marketing Style(surveymonkey.com/r/XRHBNLK)

https://www.surveymonkey.com/r/XRHBNLK