A VOIP telecom company in Wisconsin is now out of business because they were too cheap to hire my
marketing firm (or another marketing firm) to help them with marketing and advertising. I will not say their name to protect them but their cheapness and lack of respect for the vital importance of quality marketing and advertising put them out of business. Now their employees are out of jobs and there are probably many vendors they owed money to who will no be paid. And the money investors put into the company is now lost... all because they didn't think marketing was that important and they would figure it out themselves.
I had personally created a marketing strategy plan (localized internet advertising and local direct mail to their niche market) for them that was within their budget and would have brought them new clients and kept them in business and growing. But, they did not want to spend the money to hire my firm. And we are not talking about millions of dollars here. I think I offered to create and manage their marketing program for 6 months for about $20,000 (about the cost of a secretary). What is saddest of all is they said YES we can easily afford to hire you. But, their board decided to go the cheap route and try and do it themselves even though none of them was an experienced marketing professional. Dumb, dumb, dumb...
Here is the most important business tip you will ever learn. NOTHING is more important in business than marketing. Marketing is the life blood of a business. It is the heart of a business. It is the soul of the business. Without marketing, your business is nothing. Without marketing, you do not have a business.
To your business success!
Peter Geisheker, CEO
The Geisheker Group
marketing companieshttp://www.geisheker.com
(920) 471-1638
"We don't help you compete, we help you dominate!"
Labels: marketing lessons