Five Quick Marketing Strategies From One of the Worlds Top Marketers

By: Dan Kennedy on: August 13th, 2013 7 Comments

We sure waste a lot of time, energy and money in our society.

For example, we try to help people who simply are not ready to be helped.

Sales managers frequently invest the majority of their energy trying to help the worst salespeople they’ve got, who, in truth, are doing nothing to help themselves, when they should be helping their top peak performers do even better.

Just as an example, when somebody asks for my advice, but then does nothing different as a result of it, I stop giving it; I may need that breath later.

Successful entrepreneurs fall into this trap dozens of different ways: employing lazy, indolent family members and trying to turn them into something is one very common miss-step.

Spending money trying to convert non-buyers into paying customers is a fool’s errand.

A business owner will spend money developing campaigns to attract masses of customers and then focus the majority of their time and money developing strategies to get more of these non-buyers to consume their product or service.

Yet, here’s the thing…

Too often the 20% of customers that produce 80% of their company’s profit don’t receive near the same energy and resources devoted to them.  Businesses waste time on less important matters instead of focusing on the things that can make the biggest difference.

It’s not uncommon to hear a sales person say they spend 80% of their time handling problems and fielding questions from the customers that provide only 20% of their income.

Think about how you spend your day. Most likely you fall into the trap most of society does and find that 20% of your time accounts for 80% of what you achieve.

I’m frequently asked for help with business or marketing problems, but when I start telling the person what they need to do to solve their problems, it becomes apparent they do not want a list of things for them to do nor do they want to work to get better at needed skills; they want me to solve it for them.

It is a bad policy to try to help somebody who is close-minded to it or does not demonstrate any initiative in seeking it.

The core idea of this is what is commonly called the 80/20 Principle. It’s also been referred to as the Pareto Principle (after Vilfredo Pareto (1843-1923) the man who first identified its existence.)

The 80/20 Principle refers to the idea that in order to achieve success, you need to focus on the 20% of your activities that bring you the highest results and eliminate (or delegate) the 80% that bring you little or no reward.

The idea of where and what you should focus your time, money and energy on is something I teach my Titanium Members and private clients about. And fully understanding the 80/20 rule and the power of the hyper-responsive customer, and the immense profitability of small numbers is something you’d be wise to apply in your own business.

This theory carries over to every aspect of life and business.

For instance, in each business endeavor, you only need to rely on a handful of ‘tricks’ to be really successful or effective.  Consider McDonald’s advertising for example. While there are dozens of marketing ‘tricks’ they could use, they’ve determined these five strategies are the most effective and only use:

  1. Discounting for a limited time
  2. 2-for-1 special for a limited time
  3. A special item for limited time
  4. A movie or TV show tie-in toy promotion for a limited time and/or limited availability
  5. A contest or game promotion for a limited time.

Embroiling yourself in attempting to help those who will not actively partner in the process is neurotic behavior, a fool’s gold rush, to be avoided. And grasping the principle of where to spend your time, money and energy is a money-making secret guaranteed to lead to increased income and golden opportunities.

NOTE: Perry Marshall is a long-time favorite of Planet Dan who heartily understands this principle. Perry first came to me as a struggling salesman 15 years ago.  He’s risen through the ranks, having coached my $26,000 Titanium Group last year as my appointed “Go-To Internet Guy.”

If you don’t know who Perry is…Perry is an honest man in a field rife with charlatans. He’s the author of the world’s most popular book on Internet Advertising, Ultimate Guide to Google AdWords which has become the industry standard for buying web traffic, and deservedly so.

Now he’s written a brand new book, 80/20 Sales & Marketing: The Definitive Guide To Working Less and Making More, which I highly recommend you buy and read.  

I feel this is so important you read, that I got Perry to agree to give GKIC members a very special deal.

In fact, he is giving it away practically free to GKIC members…

You can buy his book for just ONE PENNY.

Get this right now…click here!

That’s right, for one cent plus shipping, he is offering his new book to GKIC members. Most people would say he’s crazy to do it, but I think he’s very smart to do so. And you’d be wise to take advantage of this special offer while you can.

I don’t know how long he’ll offer this for just a penny, but don’t miss out…click here now.


 

 

 

 

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    ABOUT THE AUTHOR:

    Dan Kennedy is internationally recognized as the 'Millionaire Maker,' helping people in just about every category of business turn their ideas into fortunes. Dan's "No B.S." approach is refreshing amidst a world of small business marketing hype and enriches those who act on his advice. For more money-making marketing tips, tactics and strategies, go to www.GKIC.com

    7 Responses

    1. Mark says:

      Dan,

      yes this is exactly the biggest issue I have with online A/B testing solutions supplied by Google and others.

      They end up optimizing a site or a campaign for the 80% who are low or no value customers and ignore the 20% who are high value.

    2. Mark Fregnan says:

      Awesome article Dan. In fact, I’ve bookmarked it so I can re-read it again in the future and I’ve also made a shortlist to remind me of what’s important:

      1) Focus on the performers and the do-ers – ignore the lazy
      2) Concentrate on the hyper-responsive customers
      3) Scale and build upon the 4-6 key marketing strategies that work every time.

    3. Riza says:

      Wow. You have put into words what I’ve always thought. It’s just like trying to help an addict who doesn’t want to recover. It’ll be an awful cycle and your efforts wasted.

      Nice marketing strategies you’ve got, Dan!

    4. Great feedback, another view is to only do 20% from activities that will produce 80% of the results.

    5. diane says:

      Timely. Just had several conversations with colleagues about my “addiction” to trying to help people who aren’t ready or motivated to be helped. This is their journey, not mine. Need to refocus on my 20% and when the student is ready, the teacher will appear.
      Look forward to reading the book.

    6. Matt K says:

      Great insight Dan.

      I am ordering Perry’s book now. Looking forward to it.

    7. Dan Stelter says:

      It’s another great demonstration of the point that you focus on what employees do well and help them develop it further. The old way of thinking is to point out what’s wrong so people can improve. Instead, you focus on what works, and let the rest go. I wish I could see some concrete stats that compare the approach businesses use in this regard to somewhat demonstrate what will work better.

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