Q: What
does a marketing consulting company do for its clients?
A: We
help clients properly position and target their products and
services to the appropriate markets. This is accomplished through
the use of the following strategic tools: market research, competitive
analysis, store audits, strategic plan development, test market
programs…
Q: Why
should I use a marketing consulting company instead of an advertising
agency or public relations firm?
A: A
marketing consulting company helps its clients to carefully
create the necessary strategies to successfully market
their goods and services to the trade and/or the end user.
A component of the proper strategic plan is a tactical
blueprint that best supports the agreed marketing strategies.
One of these tactical tools may be some level of advertising
or public relations. However, if the need for advertising
or PR is just a small part of the overall tactical plan,
why hire an advertising or PR agency when you can work
with a marketing firm that has no built-in biases towards
one tactical approach over another.
Q: Should
I look for a marketing company that primarily specializes
in my particular industry?
A: Not
necessarily. Although it is desirable to work with a firm
that knows something about your industry, it can be just
as important to associate yourself with a marketing consulting
company that has a broad and varied background in many
industries. The diverse background of a marketing group
could prove to be extremely helpful in developing breakthrough
programs that are truly unique in your field.
Q: What
is branding and how can it help my company?
A: Branding
is the foundation of all successful marketing. A brand
identifies a set of differentiating features which a consumer
associates with a company and/or its products. In short,
a good brand represents a promise that a company will consistently
offer the best quality, service and value in its field.
When you build a recognizable brand you build a successful
future.
Q: From
an operational standpoint, how do you work with your clients?
A: We
are very flexible in the ways we work with our clients.
In some cases, we work side by side with our clients as
a highly collegial project team. In other instances, we
do the bulk of the work ourselves and simply furnish progress
reports to the client on a regular basis. For small companies
and start up organizations we are often the senior marketing
department that they don’t have. In all cases, we
provide only well seasoned marketing specialists for our
clients’ projects.
Q: What
does it cost to work with a marketing consulting firm like
yours?
A: We
are compensated by our clients on a special “Net/Net
Marketing Fee” basis. Other than a fair and reasonable
monthly management retainer that is predicated on our estimates
of the time that we must devote to your project, we will
derive no other income such as discounts, commissions bonuses… All
necessary approved purchases will be billed to you on a
net basis and when earned commissions are available, we
will pass these discounts on to you. In essence, you will
be paying us much like you would for an employee except
you will not be providing any benefits beyond our agreed
management fee.
Q: Are
things like advertising, public relations, sales promotion,
packaging, web design, collateral and display material… considered
marketing?
A: All
of these specialties are simply tactical tools that can
be used to support the proper marketing strategy. All too
often people focus on the tactical items and pay little
or no attention to the development of a well conceived,
overall strategy. Putting tactics ahead of the right strategy
often causes a campaign to fail.
Q: Do
you provide special services for smaller clients?
A: Yes.
We recognize that many small to medium-sized organizations
do not have the internal skill set necessary to design
a broad-based marketing effort. Many of these firms acknowledge
the practicality and cost savings associated with outsourcing
their marketing effort.
Q: Typically,
what are some of the marketing assignments that you are
often asked to undertake?
A: We
are often involved in new product and service launches,
the repositioning of existing products, the exploration
of additional sales channels, and the development of alternative
approaches to the funding of a company’s marketing
efforts.
Q: If
my marketing program identifies the need for such specialties
as: advertising, PR, packaging, web design, collateral
materials, displays… can you provide these services?
A: Yes.
Through the years, we have established close working relationships
with top quality firms that provide these services and
we will select only those suppliers who are best suited
to fulfill your specific needs. The cost for this key supplier
selection and project supervision process is included in
our management fee. All supplier invoices would be billed
to you on a net basis.
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