Does it feel like Spring yet?

Welcome to another issue of Communications Matter! In every issue, we will review topics that will help you grow your business faster with cutting-edge communication skills.

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In this issue:

Segmenting Customer Data

Are You a good Listener?

Are you using a multifaceted Marketing Approach?

 

Segmenting Customer Data

Segment your visitors to determine which campaigns are driving new business vs. repeat visit business. Then create powerful messages to reach and motivate both groups effectively.

To be successful, your business needs to regularly attract new customers and maximize revenue from your current customers in order to lower your ongoing customer acquisition costs and increase the average customer lifetime value. We suggest that you use segmenting to improve the performance of marketing campaigns directed at both your new prospects and current customers to identify responsive and non-responsive campaigns.

Segmenting new and repeat customers to look at the most recent campaigns they've responded to allows you to identify which specific campaigns are most effective with different segments of visitors.

What can you do with this information?

  • Encourage customers to engage in repeat business by targeting them with the most effective campaigns.
  • Lower your customer acquisition costs by maximizing return when key marketing activities.
  • Optimize your merchandising mix with a combination of campaigns aimed at new and returning customers.

Please call us at 303-527-2978 if you would like help segmenting your marketing campaigns.

Are You A Good Listener?

In business you want to show your interest and enthusiasm through both your verbal and nonverbal communication. Listening techniques are vital, since how you listen conveys meaning to the other person. You can learn a lot more from listening than from talking.

Listening, not hearing, is a skill which is often forgotten in creativity and problem solving training. Listening is a critical skill for problem finding and resolution- if you haven't "heard" the initial facts necessary to develop an understanding of the problem and its environment, you can't come up with a productive solution.

We would like to help you with the following helpful hints:

  • To be a power listener put your full attention on being fully present with the other person. First, maintain open body language, do not cross your arms or legs.
  • Tolerate silence. Listeners who rush to fill momentary silences cease being listeners.
  • Remember to have a relaxed face, sometimes people were concentrating so hard, they look like they're frowning. This intimidates the speaker.
  • Always maintain constant eye contact when listening.
  • Allow no interruptions, do not answer the phone and do not begin to talk with someone else. Give the speaker your full attention.
  • Asl stimulating open-ended questions, ones that require more than merely a yes or no answer.
  • Paraphrase. Periodically restate in your own words what you heard.
  • Know your biases and prejudices and attempt to correct for them.
  • Use I am listening words and phrases like a hot, yes, I see, really, interesting, I hear you.

Most people tend to think of themselves as good listeners. However, research indicates that most people use less than 25 percent of their listening potential. We hope the poits above help you do a better job at listening.

 

Do you use a multifacted Marketing Approach?

Your marketing plan must be multifaceted. Just making phone calls, sending out direct-mail or going to events to meet people is a slow way for you to achieve your goals. Our years of experience in rolling out Marketing Strategies for companies has lead us to use several different kinds of marketing efforts to fulfill your company's objectives.

A multifaceted strategic marketing approach may include:

1.Print and audio advertising
2.Business Networking
3.Telephone contact and selling
4.Electronic marketing
5.Repeatative Direct Mail
6.Hosting Events
7.Public Relations
8.Sponsorships
9.Strategic Alliances
10.Mass Media Coverage
11.Placing Articles
12.Powerful Presentations
13.Developing a Targeted Referral Program
14.White Papers and ebooks
15.Teleseminars
16.Webinars

Are you using most of the items above in your marketing mix? We suggest that you write down all of the marketing efforts you are currently using and then review the list to see if you need to add anything to your approach. If our team can be of help, please call 303-527-2978.

We are working on podcast projects, so please call us if you have any questions. Our team is happy to help you!

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We hope that you have enjoyed our February 2006 newsletter and will gain many useful ideas from our experience to accelerate your business! Please contact us if you do not want to receive future mailings. For more information, email kathy@mason-works.com or go to our website, www.mason-works.com The Mason Works Acceleration team looks forward to helping you grow your business faster than you can do on your own.


Best wishes!
Kathy

Kathy Mason, President
Mason Works, LLC.
303-527-2978

www.mason-works.com