Loading...
Answers
MenuIn your opinion, what is the #1 marketing asset that mid-sized corporates fail to implement OR leverage well to grow the value of their business?
This question has no further details.
Answers
The unwillingness or inability to share the problems they face and how (or if) they overcame them.
When companies do this well, they can take these lessons and start storytelling through their marketing. They make themselves more human. More approachable.
Not only can this have a positive impact on sales, it can help build a great sharing culture inside of the businesss.
Customer list for JV opportunities.
Companies sit there in their silos and miss out on all the cross-promotional revenue they could be making.
Their staff. If you're talking about your average SME, there's great power in unleashing your employees as a marketing force (and Im not just talking about your marketing personnel). Everyone has a social network, both personal and professional, everyone has friends, connections, opinions that they share that could all be harnessed as a force for marketing the employers products and services.
Businesses of all sizes generally fail to understand the importance of domain names.
This affects them in a few ways – portfolio management, SEM, brand protection, etc. But I'll just highlight the biggest and most widespread issue.
If a business's primary web address uses a mediocre or problematic domain name, then ALL their marketing efforts are rendered less efficient.
Why? Because the branded destination they're promoting is itself less "sticky", less credible, less compelling. It may suffer from ambiguities that cause traffic leakage and high bounce rates back to search engines.
The domain may be forgettable, which inhibits return visits and undercuts word-of-mouth growth. Those things should happen freely, magnifying growth; but they happen less. And managers rarely even know.
Businesses fail to appreciate these issues because they can't measure what they're losing UNTIL they upgrade the domain they're marketing. Then they see the difference.
In the mean time, they assume the domain they're marketing has no effect on results – simply because it's the 1 variable they don't change or test! But clearly Amazon.com and amazone-commercestorez.biz would see very different results even if they were marketed identically.
It's the difference between pushing a cart with wheels and pushing a crate without wheels. One glides forward, while the other scrapes along only at greater expense of force. Over the years, this extra friction adds appreciably to the cost of all marketing and customer acquisition efforts.
Related Questions
-
How does my startup hire an affordable marketing expert?
I don't even know how to answer this. Do you know what the difference between McDonalds and the local burger joint that is filing for bankruptcy is? It's marketing. McDonalds is worth billions of dollars not because of the quality of their food, but because of their marketing. Marketing is not an expense. A janitor is an expense. Your computer is an expense. Marketing is an INVESTMENT. Would you shop around for the cheapest heart surgeon? Of course not. Because you would likely end up dead. Why, then, do you shop around for a marketing expert? Are you ok with your company going bankrupt? Is that worth the small savings to you? No. Of course not. Hire someone who is good at marketing. Hire someone who knows what they are doing. Buy yourself a Lamborghini with your profit the first quarter. Get a beach house in hawaii. Grab a yacht. Or, try to find your business the cheapest heart surgeon you can and then spend the next five years wondering why such a solid business idea failed in the first 6 months. I'm passionate about this exact topic because all those statistics you read about "70% of businesses failing in two years" are solely because of horrible marketing.AM
-
How to promote a paid iOS app to increase downloads ?
Your best bet to get traction quickly in USA is to advertise on mobile ad networks. You may need to advertise on CPM/CPC basis instead of CPI if you have a paid app so make sure you understand your user lifetime value and watch conversion rates closely so you don't overspend. That said, depending on what your niche/vertical is, there are many other ways to market non-gaming apps.SR
-
What should I do to have my first client on Clarity.fm?
I started on Clarity just by answering questions last summer. I used to love Quora but really disagreed with a number of changes they made and so when Clarity launched answers, I started answering questions. I'm incredibly busy but let's face it: we all have extra time. We spend it looking at our phones, on Facebook, socializing with friends, whatever way each person does it, we all spend time on non mission critical stuff. Because I genuinely enjoy helping others, I treated Quora as a way of relaxing the same way others would read news sites or blogs. And so I switched all that time to Clarity by answering questions. I don't recall the exact specifics but by providing real answers (not just, "call me, I can help you), I had my first call request within about a month of my first answer. And I got a nice review. And some more questions answered, and a couple more calls, and a couple more reviews. And from that point, the call volume increased. Simultaneously, I started referring all "can I pick your brain" requests on LinkedIn and email to my Clarity account. And so some calls initiated that way. More reviews. Now, a year later, I have done over 200 calls, with the majority of it inbound from Clarity. Take it from me, if you make the time, and provide genuine help to people, you will get rewarded for it. But like anything in life, if you're not willing to invest the time and resources, you're unlikely to see any return.TW
-
Is it standard practice for a product and company name to be the same? Should our product and company name remain the same?
The main advantage of having the company and the product/service sharing the same name is that it is much more cost effective to build the brand in the early stages. You also need to consider what relationship any future products are going to have with your first (if any) - do they complement, compete, same markets/customers, etc. Generally, you will be better off by keeping the names the same. Think about how you pitch your company vs the product - is it a different story? Which name do you want people to remember? Think about where the names would live - business cards, urls, websites, app (icon), signage, etc. There are countless successful examples of different brand naming structures that work - there is no "best" way. Keep it simple. We wrote a book on naming and identity design a few years back. Happy to send you the first chapter pdf to see if it can help. Dann Ilicic WOW BrandingDI
-
What are average profit margins in Ice Cream store business?
Hi! I am owner of an ice crean chain with 45 stores in Chile. We have stores in shopping centers, streets and also karts that you can put in events and parks. The average cost margin of ice cream (depends on the amount of materials you use in producing the ice cream) is around 40%. This is italian gelatto where you serve the ice cream without a specific measurement so your costs can vary due to the size of each portion you serve. About the brand you should focus on your unique value proposition and what kind of ice cream you are selling. We import the pastry from Italy and the fruits and milk from our country. Your ROI depends on your sales price and costs. If you focus on high market ice cream you can charge high and keep costs down.MF
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.