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Tom Franklin

Saturday, 01 December 2001 17:00

Marketing strategies for an economic downturn

Economic indicators were already falling and a recession was looming when the catastrophe with the planes hitting New York's World Trade Center added to our economic pain. I'm already seeing a major slow-down in many shops in my area. "Business-as-usual" can be deadly at a time like this. What should a shop owner be doing to counteract the impact of these world events on his or her business profits?  

Monday, 31 December 2001 17:00

Two rules for successful marketing

Early in my marketing training I met a marketing genius who said there were only two rules for successful marketing: (1) Reach a large enough volume of prospective buyers to guarantee a steady flow of business; and (2) Crank out the work so fast that you impress the hell out of everyone including the critics!
Monday, 31 December 2001 17:00

Marketing is a full time job

There's an old saying: "When everyone is responsible for it, no one is." If everyone is responsible for seeing the door is locked at the end of the day and no one person is designated to do it, there's a fair chance it won't be done at all. The same thing is true of marketing. There must be a specific person designated to do the job and to follow each initiative all the way through to a satisfactory conclusion. 

Thursday, 31 January 2002 17:00

The power of repetition in marketing

It's been said that one of the most effective tortures of all time was the Chinese Water Torture. Supposedly interrogation using this technique was always effective. The person being interrogated was placed under dripping water that slowly drove the man mad while it gradually dripped a hole in his head.

Sunday, 31 March 2002 17:00

Build a powerful database

Effective marketing is controlling a profitable piece of market share in your community. In just about every aspect of life, having essential information is the key to maintaining control. Having information about interest rates is the key to getting a low-interest loan. Having information about where to post notices or make calls is the key to finding effective employees. Knowing your parts, labor and overhead costs is essential to making a profit in your business. Having information about decision makers in dealerships, fleet management companies and insurance companies is the key to taking control of business coming from the ones you're after for referrals.

How's this for a wild claim -- a consultant with whom I'm acquainted would guarantee to solve any company's problems if they would allow him unlimited access to question every employee without revealing or reporting to management who said what during his interviews. Well, maybe it isn't such a wild claim. 

Tuesday, 30 April 2002 17:00

Exercise your creativity muscle

"Failure to flex our imaginative muscles is as deplorable as breaking down our physical strength through lack of proper exercise." -- Walt E. Disney 

I have recently finished re-reading Stephen Covey's excellent book, "The Seven Habits of Highly Effective People" (Simon & Schuster Fireside Book, 1990). As I read through Covey's basic principles of personal vision, leadership, management, communication, cooperation, renewal and interdependence, it occurred to me that for every positive trait, there is an equal and opposite negative trait. 

Sunday, 30 June 2002 17:00

Delay: the road to ruin

It's been said "the road to hell is paved with good intentions." I would add, "The road to ruin is paved with good intentions." 

Wednesday, 31 July 2002 17:00

Leadership: A larger vision

Shop owners are generally strong-willed men and women who have had to fight their way to ownership of their businesses, then fight even harder to make their businesses work. As an owner they are in a position of leadership. But are they really leaders, and does it matter? 

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