What Story Does your Business Plan Tell?

what_is_story_of_your_business_planMost people have a pretty good idea of what a business plan is, and what should be included in it. If asked, I would suspect that many people could also tell you that a business plan should include an overview of the business, what the product or service is, the markets being pursued, the competition, as well as some sort of financial model.

In the same way, if someone asked me how an airplane worked, I could tell you that lift was involved, and that the shape of the wings creates a vacuum, which that then helps the plane to get airborne. But, I don’t think you would want me actually building an airplane …

In some ways, this analogy applies to business plans. There are subtleties involved as well as a good deal of work, which might preclude your ever getting the plan completed. In the end, if your being funded is dependent upon having a plan, it might be worth reaching out to someone who has actually written one before.

As a business plan writer who has written over 25 different plans, I understand that each one serves many needs and provides content for different audiences. For example, one of the sometimes overlooked attributes of a business plan is that it must tell a story – about you, your idea and your vision – and how new funding will make your story come true. If your reader can’t quickly get the story, it is unlikely they will agree to fund your plan.

The Vision

Business plans sell a “vision” or a “dream” of what you see that a new business could be, could operate as and could deliver value to your target audience. Your initial audience are investors, potential partners and initial employees you will need to launch your vision.

In this way, a business plan is really a marketing document that is written to pitch your idea to this group and get them excited about the prospect of “getting in” on the ground floor. This sense of urgency of what a fantastic opportunity that awaits must be communicated. You need to tell a story of how your business can provide a greater good, or how it can help address a common challenge. And, if it is done right, your business could then earn everyone a nice profit at the same time.

If this sounds like what is driving you to prepare a business plan, then you should recognize you have a story to tell. Just like a great Public Relations campaign, you have a story to get into your prospects (i.e. investor’s) head. So, it is time to think like a PR professional, at least with regards to the structure and content you decide to put into your business plan.

In my next post, I’ll offer five ways to turn your business plan into a great story.

Gordon Benzie is a marketing communications professional and business plan adviser that specializes in preparing and executing upon business plans and marketing strategies.  

Leveraging a Blog in Public Relations

blog_lynchpin_public_relationsIt is no secret that social media has a bigger role in the world of marketing communications and public relations. This transformation occurred due to a couple of trends. Notably, the emergence of a “Web 2.0” world where feedback can be provided (and is expected) directly to an author. There is now an expectation that feedback can be provided easily and immediately. Secondly, in today’s digital world, it is increasingly popular and economically feasible to begin targeting ever-shrinking audiences on a wider scope of topics. The economics of yesterday’s printed media world no longer applies. This has had a profound impact on public relations.

Let me explain.

Magazines and other printed publications are really just businesses that must make money to survive. The traditional business model was to drive a large audience, representing a group of potential customers that advertisers were interested in speaking to – becoming a source of revenue for these publications. The path to growth for this business plan was simple – expand your audience. As a result, the natural evolution was a world dominated by a few, large publications with big audiences.

Then along came the explosion of the Internet and Web 2.0.

Now online “communications hubs” sprang up in all areas, on just about any topic. The online “story telling” world became highly fragmented and dispersed. Getting a story out now requires a bit more work … more publications must be sought and more placements must be achieved in order to reach the same sized audience.

At the same time, the cost structure of media publications changed. Gone is the expense of publishing a magazine on expensive paper with capital intensive printing presses. And, no need to pay for delivery or distribution costs … the digital distribution model is basically free. In this new world costs have dropped significantly. So, it can still be profitable for smaller audience publications to survive with a smaller advertiser, provided they can find one. If a value proposition can be derived that makes sense to both parties, then a business model can still exist. The digitization of our newspapers, magazines and other publications made this evolution necessary and, I would propose, also possible.

The Blog as a Lynchpin of your Social Media Strategy

Given this communications transformation, it has now become critical to have a blog as part of your public relations program. A blog provides you with a platform to support Web 2.0 activities – the ability for your audience to directly converse with you – while at the same time offers a highly focused venue for you to speak on niche or highly focused topics. Given the leveling of the media “playing field” and the need to reach out to a higher number of media venues, each with smaller audiences, it can be a real benefit if you have your own platform to manage these communications. With control, you have direct insight as to what topics are more popular, and what pain points are most “top-of-mind” for your audience, which can then be an excellent source for new articles to pitch to other publications.

From a company’s perspective, today’s digital communications world offers a unique opportunity to build an online presence through a self-managed media platform. Of course, transparency is needed, however, wouldn’t you rather find out immediately if a customer or prospect was upset, had questions or was experiencing some other issue that could be addressed? This type of interaction is much better dealt with through a forum that is actively visible to and managed by a company.

Certainly it is an investment to create and build a blog, especially if you are just starting out. But, this investment will pay off once you begin earning a share of voice in your marketplace. After all, a blog is really the only social media venue where any content can be realistically added. It is pretty tough to explain a company’s philosophy or value statement in 140 characters or less. And, even if you could, how long will that message be visible? Blog posts, on the other hand, last for years, provided each post has its own dedicated page that is searchable on the Internet. Over time, you can gain a considerable collection of published articles that are all in support of your value proposition and reason d’être.

Gordon Benzie is a marketing communications professional and business plan adviser that specializes in preparing and executing upon business plans and marketing strategies.  

8 Ways to Leverage Search in Press Releases

search_engine_publis_relationsIt should come as no surprise that with the transition towards a digital distribution model for news delivery, the importance of Search Engine Optimization (SEO) has only grown. It simply must play a role in any digital public relations campaign. This is hardly a revolutionary thought. What makes this task a challenge, however, is the fact that the factors behind how search engines work keep changing, and the fact that you just have to think a little differently when writing a press release. It is no longer reasonable to simply try and write the best announcement – you must think about SEO as part of the process.

Take Google’s latest Hummingbird algorithm update. Many public relations leverage keyword linking as part of their SEO strategy. Now, keyword relevance has declined in importance, at least according to searches performed in Google. What is more important now are search “phrases” as said in conversation. Google is now placing more relevance on conversation queries, and how they can be best addressed from within a search engine window (ideally from a mobile device). Here are a couple of good articles: FAQ: All About The New Google “Hummingbird” Algorithm and How Google’s Hummingbird Update Impacts a PR Agency.

The take away is that you need to either invest the time to educate yourself on the latest trends impacting search engine optimization, or need to hire someone to do so.

Here are 8 other suggestions on how to best optimize your search engine placement, resulting in better awareness and exposure for your press releases that are issued as part of a public relations campaign:

  1. Be sure to pay the fee and publish your press releases through a news distribution service, such as Business Wire or Marketwire. The ones that offer a “linked” online presence is best. Your story will simply be viewed more times and seen as more relevant via Google, Yahoo and other news search engines.
  2. Use good content in your Press Releases, and publish a copy of the release on your website
  3. Offer a .pdf of your press release, optimized for SEO, on the same page to help maximize your online footprint; .pdf files are indexed just like an .html page
  4. Integrate this release page with other content that someone might want to read after finishing reading the press release, to further engage them on your topic
  5. Offer a registration page at some point during the process to then follow up with these visitors
  6. Write a complementary blog post on a similar topic, to then offer further content and support for those seeking to learn more about the news event you published
  7. Leverage any free PR distribution sites, especially if they offer HTML linked keyword submissions
  8. Broadcast the issuing of your press releases by the social media channels best for your audience so your followers get first notification, which will then also help your search engine rankings

As is typically the case with disruptive innovations, the scope of change is often wider than originally conceived at the point of inception. In a paper-based news world, the only distribution options were paid subscriptions and walk-up sales at newsstands. In a digital world, news is found in many different locations in different ways, which includes the searching of relevant topics by keywords. In this world, SEO plays an important, continuing role to ensure messages are heard in a timely manner, by the right audience. In fact, I would argue through a better distribution model that is more efficient than the world has ever seen.

Gordon Benzie is a marketing and public relations professional, and a business plan adviser, that specializes in preparing and executing business plans and marketing strategies.  

Are Paper-based Communications Dead?

Paper-based media has long played a prominent role as a way to communicate. Go back in time, however, and it could be classified as a disruptive invention. Stone tablets, monuments, and cave walls used to be the only options for non-verbal communications and had done so for thousands of years. Then the Egyptians created Papyrus, which became the new medium to tell a story. This invention dramatically expanded an author’s sphere of influence.

Today a similar transformation is underway. The digitization of communications and knowledge is having a similar, dramatic effect on how stories are told. Access and speed to information have been radically changed – news stories now break in minutes – which has greatly changed how public relations and media professionals work. Marketers must now decide if it is worthwhile to pursue paper-based news publications. How should you grapple with leveraging online PR while not impacting your existing paper-based communications’ effectiveness?

In order to address this question, the right “textbook” answer is to talk with your target audience. What do they currently read? How do they get their news?

Unfortunately, this can be a difficult question to answer. The reason is that the process of how we get our news today has also changed. It is more than simply replacing paper with digital.

A Historical Perspective on Getting the News

Back in the 1970s and 1980s, the way many of us got our news was by listening to Walter Cronkite, Peter Jennings, and other news anchormen. They created a predictable framework for us to stay current with the news. CNN changed everything by offering news 24/7.

Twitter and social media took this change to a whole new level. Now we learn about news “nugget by nugget.” If a breaking story occurs, those of us with smartphones get tweets, texts, or alerts within minutes of the event. Others get news every time they open a web browser or have a spare 10 minutes, or by still reading the paper over breakfast in the morning. As a result, the answer to the question of “Where do you get your news?” becomes complex – there is no one answer. It comes from a wide variety of sources, which can change from week to week.

Where Does Your Audience Get Their News?

As a marketer, this diversity of sources means that public relations outreach just got more complicated. The way your audience gets news has become highly fragmented. And, they have less time to allocate to any single activity. As a result, your marketing communications strategy now must span multiple sources – paper and online – in an attempt to include each of the publications and venues your audience might come in contact with.

It should also now be apparent that traditional methods have lost at least some of their effectiveness. That is why all the big newspapers have invested in building their online presence. Those that don’t will simply be left behind.

New approaches are needed to cut through the clutter to gain the attention of your audience, at which point they can then be in a position to actually hear what you have to say. When viewed in this light, it is no wonder why public relations professionals have embraced social media as a way to cut through the noise and get their message to a specific target audience. The type of medium isn’t so much of a problem as getting the attention of your audience.

Gordon Benzie is a marketing and communications professional with 20+ years of experience working for startups, large enterprises, and private clients.  

In Pursuit of a Social Media Persona

social-media-marketingIn a prior post I made a few observations on the incredible proliferation of social media, and what a great thing this social transformation has been for marketers. Never before has it been so easy to reach out to a group of prospective customers (or clients, which are different according to Mr. Godin’s recent post) that all share a common attribute, interest or buying behavior. This exercise is a given for anyone writing a business plan or hiring a business plan writer today.

The next question is “what do I do next?” How do I take advantage of this built in community?

The first step is to identify a couple of top profiles or “personas” you are most interested in getting to know. Your objective is to identify what type of person is most likely to gain the greatest value from your product or service, and hence could become a future brand advocate. Ideally, this person will become so passionate about your offering that they become an influential reference to secure new business not only for themselves, but for others in their community – your target audience.

It might be helpful to consider where some of your best customers or clients came from in the past. Were these people that bought your service or product for themselves, or were they buying on behalf of someone else or the company they worked for? Was there a life event that triggered the purchase? Or, was their purchase tied to an entertainment choice? In all likelihood, you will identify several of these personas that make up 80 percent of your buyers, based on the 80/20 rule.

Once you have identified the first profile, the next step is to figure out where this persona “hangs out” in social networks. If they don’t, then social media may not be of much value for you. Assuming they do, your next task to join that community. Here is where a line must be drawn – don’t try to fool others that you are a potential buyer – full disclosure is necessary to build trust into your relationship. Deception might get you one sale, but it won’t build you a following.

Why So Many Social Media Groups?

social_media_choicesI remember back at the start of the 2000’s learning about Twitter and what it could do for marketing. I attended a marketing association meeting at the University of California, Irvine. Over 100 different individuals were in attendance, with each claiming that Twitter was going to change the world. I rushed home to sign up and secure my name (@gbenzie) before it was too late.

Flash forward 10 years, and Twitter has continued to grow and be relevant, even without a solid revenue model. Meanwhile, it seems like another 100 or so social media groups have formed on just about every topic you can possibly imagine. How do all of these sites remain viable and in existence? Who can read all of them?

The answer is “no one.” But, that isn’t such a bad thing.

My thinking on this topic is that social media has become a convenient platform to share a passion. If you have an interest and like to talk about it, then you will really like talking about it to many others. This helps folks to be involved, stay current and aware of changes as they occur. No one can be a member of all groups, and that is fine. Just pick the ones that are relevant to you, and then go after these groups with a passion and pursuit that will be noticed by your peers, prospects and customers. Quality trumps quantity in social media, but you still need both to be successful.

With the incredible efficiency that is now possible by creating a social media group, websites or blog, the cost of joining a new group, adding a new member or maintaining a group has plummeted. In essence, the bar to enter has been virtually eliminated, which has in turn opened the door for groups to form on just about any topic, with many new ones being formed every day.

The Need to Focus

Marketing communications professionals and public relations practitioners must make a decision on how social media should be applied to their marketing or activates mix. Part of this decision involves choosing what social media groups to pursue.

With only a limited number of hours in the day, how much time should be devoted to social media marketing, outreach and interactions? The answer depends on several factors, including where your audience is located and how active they are in these types of sites. Further, it is also dependent upon your own knowledge of social media and how much you are engaged in talking about and sharing the issues facing your target market. Let’s be honest … if you don’t have any interest in the issues facing your prospects and customers, then you might be doing more of a dis-service to try and “pretend” to be engaged. Curating a marketing or public relations program through social media can’t be “faked” very well.

In the end, I would argue that the incredible proliferation of social media sites is one of the best things for marketers that has come out of the Internet transformation. Now there is a way to reasonably and cost effectively reach your target audience in a non-threatening, advisor type of role – provided you are willing to make the investment of time and effort to get to know this audience and the challenges they face.

It is for this reason that Social Media is a pretty important factor that should be a part of every marketer’s arsenal of tools and resources. Likewise, it should be no surprise the popularity Twitter now shares with reporters, writers and public relations professionals … even if they haven’t quite mastered the revenue model. If there is a news story that is breaking, somehow it manages to be trending on Twitter before anyone else has figured out that there is a story!

 

Gordon Benzie is a marketing communications professional and business plan adviser that specializes in preparing and executing upon business plans and marketing strategies. Gordon can be found on Google+

Business Plan Writing vs. Advising

business_plan_advisor_or_writerOver the years I have had the opportunity to meet quite a few people eager to start a new business with ambitions to conquer a market, introduce a new product or to just start something new. Once the idea is born, the challenge is to pick the best path through to fruition. There are many decisions to make with regards to how to spend your time, where to focus your budget dollars as well as reviewing ideas with close friends and family. As part of this decision process, the source of capital for launching or expanding the business will inevitably come up. Can I fund this idea myself and retain 100% of control, or, do I need help via a capital investment?

Those that make it through these hurdles with the conclusion that outside funding is required must then face the task of best explaining their new idea in such a way that it can generate excitement without necessarily giving away all of the “secret sauce” of the venture. It is at this point that the topic of writing a business plan will emerge – do I need one now, or, can it wait?

Given the capital markets, it is likely you will need to make a bit of a time investment to achieve success … you will need to speak with many individuals before finally finding the right match of your opportunity with the investment profile of an angel or Series 1 investor. In the interest of efficiency, it is typical to arrive at the conclusion that another “venue” for telling your story is needed. In fact, you probably need a few different formats to best tell your story.

To start, a 30 second elevator pitch is critical. If you can’t tell your idea quickly with enthusiasm, then you venture will likely die. Add to this challenge the fact that everyone is totally overloaded today, being impacted by literally thousands of messages, images and other distractions all the time. Your communication must be crisp, unique and stand out from the crowd.

Those that you “hook” with this elevator pitch will then ask for more information. This is a good thing – you have their attention. So, the next step is what do you do? If you can arrange a future meeting in person, great. A presentation will be needed, at a minimum, to continue your conversation. I would propose that in addition, now would be an excellent time to have a business plan already prepared to send prior to your meeting. Access to a written plan can be well worth the time and investment to prepare, provided it demonstrates your commitment to the project and achieving success with your venture.

The challenge is that you can’t really wait for the next “chance” encounter to then sit down and write the plan. These documents need time and effort to be invested so they sound good, are well thought out and exciting to read. This type of writing doesn’t happen overnight, nor can you really put something together in just a few hours. You want to show that you have thought through this business opportunity quite carefully, and are ready to go once finding the right partner, employees, or other resources necessary to get started.

It is at this decision point when you must ask yourself: “Do I just need a writer to capture my thoughts, which I am completely confident are all correct?” Or, is it more accurate to consider that you have “pretty much” the idea for the plan in your head, but, there are definitely some of the details, competitive pressures and product / service differentiation that could do with some refinement? If the latter is the case, realize you need more than just a business plan writer. You need an advisor, a person who can help you with not only the writing to ensure it is understandable, but that it can withstand the scrutiny of an investor that is putting some of their own money into the venture. This type of reader will have very specific questions that must be answered before they consider proceeding further.

If you come to this point in your new business process, challenge yourself to really assess if you need a person who is skilled with what business models can actually be executed, or, do you want to hire a writer that will simply replicate what you tell him or her. If it is an advisor or modeler you seek, then look to see what marketing experience in planning and execution that they have. After all, the entire discipline of marketing is focused on planning, strategizing and executing the best way to achieve business plan objectives. Once the plan has been carefully thought out, it then becomes the responsibility of sales to actually execute upon it. Of course, this may be one and the same person for a smaller organization, but, the concept still holds true.

 

Gordon Benzie is a marketing communications professional and business model adviser that specializes in preparing and executing upon business plans and marketing strategies. Gordon can be found on Google+

The Public Relations Transformation

A transformation is underway with public relationsThe role of a public relations today has changed from what it was a decade ago. Interestingly, in the same way that the Internet has completely changed how we book airline reservations, execute stock trades and write letters, its impact on journalism and public relations has also been nothing short of phenomenal.  Those of you who have worked in public relations during this transformation might now think the industry has spiraled completely out of control! Some might even argue that it is now at risk of losing its relevance.

I come from a different perspective. To start, I wasn’t a journalist prior to my current role in the industry. Instead, I began my career in finance as an accountant. After moving my way up the corporate ladder, I found a passion for marketing, which is a discipline I have now been practicing for nearly 15 years.

From what I can gather about the “early” days of PR, strict lines were drawn between what news was published, how it was distributed as well as the role that the newspapers and magazines played in getting the story out to the general public. For example, press releases used to be written just for editors and others working at news publications. It was then at their discretion as to what was printed and deemed sufficiently “newsworthy” to publish.

The Internet changed all of that. Now anyone can post any press release on a website, and with a little effort, can get their release picked up by other aggregator sites. In the end, their target market can find out about their news by simply doing a Google or Yahoo! Search by keywords. This is a completely different news distribution model, and has transformed the role of today’s Public Relations practitioner.

Given the relative ease of publishing content, the value of a public relations professional has now become more about managing that content, driving the direction of what new stories can be told about the topic as well as getting the “right” placements that matter most in the eyes of the public. After all, not all placements are created equal.

It’s a New World

With the breakdown in structure of the “old” model, traditional news organizations have lost some of their power – many more approaches now exist to tell us the news, ranging from tweets to YouTube to a myriad of news aggregation sites and the search engines. But, as the dust settles, I would argue that the traditional news media still have a “trump” card that should be played, and that of trusting their experience and knowledge to report the news accurately and fairly. Unfortunately, it appears that some organizations are not able to embrace this philosophy or execute upon it with 100% success.

We are all quite familiar with the recent events transpiring during the Boston bombing incident on April 16 where false news reports had to be retracted, based on the desire for CNN to be the “first” to break an angle of the story. Clearly this type of news reporting is less than ideal. But, on the upside is the fact that nearly anyone can write about a news event, or a story they deem as newsworthy. And, those with camera phones have given us unbelievable footage of news right as it is happening.

Meanwhile, from a marketer’s perspective, this changing of the guard brings new opportunities for “earned” vs. “paid” placements. It is amazing the amount of exposure that is now possible by applying Search Engine Optimization, cross linking and blog support. Alternatively, from an “end user’s” perspective, I sometimes struggle with how to best stay current with the day’s events as well as knowledge on my craft. But, I am getting better, and the proliferation of smart phones has certainly made it much easier to stay on top of the news that matters most to me.

The question to ask is what is your objective? Here is where my thinking like a marketer has helped my career in public relations. I continue to filter my actions into what can best support my client’s or company’s public relations objectives. If a goal is to position a company as a thought leader in a particular industry, then those are the only types of stories I should pursue. My “news” will then be focused on reinforcing that objective, be it through press releases, contributed articles or quotes in third-party stories, etc. In this regard, public relations is the same as it has always been. What has changed is the rules. The number of venues, distribution channels and publication options has increased exponentially, which is both a blessing and a curse. The complexity and volume of work has skyrocketed, but so too have the opportunities for success. Given all of this incredible increase in complexity, focus has instead turned on just getting a story out and getting it placed. The journalistic quality of articles has sometimes been given a back seat.

Is this a best case scenario? Perhaps not. For me, my goal is to strive to be better, including how I write and the quality of my stories. But, in the end, it is all about getting the word out there so my prospective customers have a favorable impression of my company, ideally just before being engaged with a sales representative from my company. Improved, positive familiarity with the brand helps to facilitate a better sales opportunity and a higher likelihood of closing. Those public relations professionals that embrace this new role and focus on achieving this objective will do well. Those that are frustrated with this transformation and still public relations as being more akin to being a news reporter might not be as well suited for the role of today’s public relations professionals.

Please let me know if you agree, disagree or have any other comments to add to this topic!

 

Gordon Benzie is a marketing communications professional and business model adviser that specializes in preparing and executing upon business plans and marketing strategies. Gordon can be found on Google+

Saving Lives with Better Communications

According to a recent Wall Street Journal article, The Talking Cure for Health Care, research has long confirmed that improving communications between Doctors and their patients can actually save lives. The news prompting the article is that healthcare organizations are now taking actions based on this knowledge as a way to improve how Doctors speak with their patients.

Some of the stats that came out of research conducted by Doctors Co. indicate the lack of effective communications issue is widespread:

medical_communications_failure_rates

Here is the point I found most intriguing: This type of communication should be the MOST effective, given the setting and subject matter. If you are a patient sitting in front of your Doctor who is explaining something to you that is as important a topic as your health – don’t you think that you would be really paying attention? Given this assumption, the fact that up to 20% of all malpractice claims were derived from communications problems tells me that there are probably even greater issues in communicating effectively on other topics, which are not life and death scenarios.

Take marketing communications, for example, written by professionals trying to convey a message about value propositions, promotions or other compelling cases why a buyer should perform an action. On has to now assume that a big part of the message will likely be lost!

So, next time you venture down the path of writing a webpage, email or sales collateral, think carefully on what can be done to improve the effectiveness by simplifying what you are saying, as most likely, a big number of your readers simply won’t get it.

Gordon Benzie is a marketing communications professional and business plan adviser that specializes in preparing and executing upon business plans and marketing strategies.  

5 Reasons to Hire a Marketing Consultant

By Gordon Benzie

direction_to_follow_to_hire_marketing_consultant

Most business professionals have a budget or a fixed level of resources to work with. Those working at startups must be extra vigilant, as extended budget overruns could sink the company. When you are operating within these types of constraints, it is easy to get into the mindset of thinking “I can do it all,” or “I have to do it all” because I can’t afford to pay someone else to do what I can do, which in the end gives me a greater chance for survival.

Entrepreneurs justify these actions under the umbrella of “I can do this task better” than anyone else, further validating the decision to “in source”. Interestingly, this philosophy can be either highly beneficial OR detrimental to a young, growing business’ success. It just depends. An Entrepreneur that spends the time to really understand their client’s needs by giving them a lot of personal attention might be doing the right thing. The same logic, however, may not apply to other activities.

Because of this ambiguity, I thought it might be helpful to provide a checklist of five potential benefits to consider in your decision to hire a third party marketing consultant.

  1. To obtain a third party perspective from someone who doesn’t have a vested interest in your current marketing strategy, lead generation or messaging campaigns. A consultant will be more likely to point out an inconsistency or ambiguity of your current programs, simply by what questions are asked. Fresh eyes and ears are valuable as a “bouncing board,” such as what your objectives are or who you’re trying to speak to.
  2. To remove (or at least reduce) politics from making the right marketing decision. Consultants are less likely to be as caught up in office politics for the simple fact that they are typically brought in to “fix” an already acknowledged problem. If you really need to know if a marketing campaign proposed by the founder or CEO, it might be difficult for a Vice President of Marketing to express concern.
  3. To provide a weighted perspective to break through tough, “logjam” decisions. Product naming exercises are one of the most challenging marketing tasks to perform, right before creating a whole new website. In these complex and often emotional thought processes, a third party consultant can operate better as an intermediary to break “ties,” or even better, to provide the rationale and leadership to make better decisions. If you are paying for a marketing consultant’s advice, why not actually use it!
  4. To hear an “outside in” perspective, ideally from a perspective gained while working in other industries. Quite often, the marketing challenge you are facing has been dealt with already in another industry, so why re-create the wheel? Well-seasoned consultants benefit from the simple fact that they have worked with clients in similar situations in other markets or geographies. Embrace these other viewpoints to gain greater value from your investment in your consultant.
  5. To address an issue faster than trying to uncover it yourself, for a problem that might be new or unknown to your marketing team. A consultant typically understands they are there to fix one or a few specific issues, so won’t focus as much on “justifying” their existence to keep collecting a paycheck, as a new hire might be more inclined to do. Of course, there are always exceptions, but consultants typically are laser focused on quickly identify the problem and then remedying it with the fastest solution available. I would propose that this concept further applies to those outside consultants who are in strong demand, as they have other billing clients eager to hire them next.

Hopefully these perspectives help to give you an expanded perspective on why it might not be the right choice to apply the “DIY” philosophy to all marketing activities. It might make sense to hire a consultant if the value delivered is accomplished quickly, or if an issue is fixed that you may not have even understood exists. Of course, there are good consultants and there are bad ones. Each of these objectives all fall by on the wayside if your consultant is not experienced in solving your problem. But, once you find a good one, it can be an excellent investment of your resources to periodically bring them in for a marketing “tune up,” or to review of your current campaigns to help assess whether or not you are on the best path to success!

Gordon Benzie is a marketing adviser and business plan writer that specializes in preparing and executing upon business plans and marketing strategies.