Posts Tagged ‘entrepreneurs’

30 Sales & Marketing Mistakes

Friday, August 20th, 2010

Amanda Gome, Professor of business at RMIT University

Entrepeneur's choices

As the economy slows, it’s tempting to cut the sales and marketing budget. A better idea is to reassess the strategy. But watch out for the 30 most common sales and marketing blunders.

Here are 30 mistakes entrepreneurs make when expanding fast growth companies, and the lessons they learnt. Some are classic mistakes made from time immemorial. Others apply directly to ’08. The lessons come from  interviews with entrepreneurs and my research with RMIT University over the past 20 years, which has studied the lessons from high growth companies’ experiences.

  1. Entrepreneurs still confuse sales and marketing
  2. No clear strategies coming into a downturn
  3. Loving the customer to (your) death
  4. Using pre-internet sales methods to sell
  5. It costs too much to get to the customer
  6. Trying too few ways to get to market
  7. Outsourcing sales to the wrong bloke
  8. Not valuing “selling” skills
  9. Providing no compelling reason to buy
  10. Overcomplicating the product or the service
  11. Failure to make the most of email marketing
  12. Not making the shift from old media to alternative media
  13. Not running a paid search campaign
  14. Building a website that is not optimised for search
  15. Pushing products people don’t want
  16. Trying to outspend gorilla competitors on advertising
  17. Marketing in short bursts
  18. Taking word of mouth for granted
  19. Selling to the wrong department
  20. Sales and marketing staff don’t understand the product
  21. Taking the sale for granted
  22. Ignoring new ways to advertise
  23. Ignoring social media
  24. No try before you buy
  25. Believing there is no competition
  26. Not fighting hard enough when a major client is walking
  27. Being cut out of the complaints loop
  28. Forgetting in the new world that old methods work
  29. Lacking integrity
  30. Letting customers speak to machines instead of people

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