News and tips for contractors to help you make more money.

Build up your company awareness and profits.
This is the second of a two part series on marketing.
by Judy Guido

5. RESEARCH.
Surveys, phone calls, face-to-face meetings, and simple focus groups are great ways of collecting your own primary market research. But don't forget about all the data out there which other people have already graciously gathered for you. Check with your local Department of Economic Development, real estate agents, bankers and local chambers of commerce. There's lot of free information for the taking...take it!

6. CREATE TARGETED MARKETING AND SALES MATERIALS.
Design a menu of products and services. Create a simple yet informative proposal and presentation. Have a web presence. The web is one of the least expensive ways to have 24/7 information at the hands of prospects. Make sure you always keep a supply of marketing materials in your trucks. Your vehicles should have your name, phone and web address highly visible. Your uniforms should have the name and web site visible.

7. NETWORK
Join the professional organizations your customers and prospects join. Get involved. Join a committee and participate in their tradeshows. Speak at an event, or write an educational piece for their newsletter. This builds up your word of mouth referral system. Your customers are your biggest advocates and best salesforce.

8. ADD PUBLIC RELATIONS TO YOUR MARKETING MIX.
Get your name, face and company services known. Announce company promotions, awards and certifications your employees have received, seminars and educational events you attend and events you are planning. This will generate name awareness and enhance your T.O.M (top of mind) positioning.

9. STAND OUT.
Clearly articulate and position your company's Unique Value Proposition (UVP-what makes you different) AND back it up with proof-evidence management.

10. DON'T STRETCH YOURSELF TOO THIN.
Stay focused. Do what you do best. As Jack Welch says, "If your not competitive, don't compete!" Focus on your core competencies and hire outside professionals to help you in your areas of weakness. This will save you significant time and money. Marketing leads to increased revenue, visibility and profits. Exercise these principles and your company will grow to be strong and profitable.

NEXT TIME: We discuss the 10 key operational practices of high profit companies.

BENCHMARKING. Do you want to participate in an industry wide survey on financial performance, staffing levels, and best practices? Email us and we will send you the survey.

info@kehoeguido.com • Kevin Kehoe - Judy Guido