Question

Topic: Career/Training

How Can I Teach Myself Marketing?

Posted by Anonymous on 125 Points
I'm a 16 year old junior in high school and am really fascinated by the business world- particularly the marketing and advertising aspects. I want to teach myself the basics of marketing and the techniques required to run a marketing or advertising firm, like how to perform market research, effective media buying, etc. I know that the best way to learn is through real world experience, and I have convinced my dad to let me work for his restaurant in some sort of marketing capacity. I hope to eventually gain the skills necessary to open my own marketing firm, hopefully before college but I'm obviously not anywhere near that stage yet. I bought and read The 22 Immutable Laws of Marketing, and am currently reading Guerrilla Advertising. Any guidance would be great, thanks in advance.
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RESPONSES

  • Posted by Deremiah *CPE on Accepted
    Go4heat,

    Read every page on this website as quick as you can. Then read every page again but this time take notes. This is what I'm doing right now and if you begin to do this your growth will mature tremendously.

    There are so many great marketing books to read I won't waste your time naming them all. One of the best marketing books I have read recently is by Daryl Travis who wrote "Emotional Branding". But another great reference book I am reading that is reader friendly and very appealing because it's a great resource for those who might be visual learners is "Essential Manager's Manual" by Robert Heller & Tim Hindle.

    Keep applying diligence. Is there anything else I can do for you?

    Your Servant, Deremiah, *CPE
  • Posted on Accepted
    If you want to really help your dad out at the restaurant industry and surprise him with great marketing ideas/strategies, start with a book I personally read while doing a intern for an established restaurant. The book is called Guest Based Marketing by Bill Marvin. I knew marketing before I started but, this book really helped me help them.

    One of my favourite marketing books not yet mentioned is Marketing Outrageously by Joe Sploelstra. The book gave excellent examples of how to think "differently" and courageously.

    On the other side read an almost anti advertising book called NO Logo by Naomi Klein, this will give you the cons of advertising and marketing and make you think clearly about ethical issues in marketing.

    Other than that go to bookstores and see whats new in the marketing sections.

    Also go to the Effie website, where it displays winners of solid strategic advertising/marketing based on sales.
  • Posted by darcy.moen on Accepted
    Only 16 huh? I began my first business at age 9. I began my second business at age 19.

    I taught myself marketing the hard way, trial and error. I did apprentice myself under great tutors such as Jay Abraham, David Ogilvy and others.

    Grab Oglvy On Advertising from your public library. Read between the lines, and you will be amazed how brilliant that man was!

    The hardest part of marketing is not the theory and strategy, the hardest part is learning from your mistakes! Theory and strategy play a part, but not nearly as great a part as doing and learning what works and what doesn't. Get yourself a big three ring binder, and record all your marketing ideas in there. Record response rates, record what works, and what doesn't, and keep adding to that book! Flip back before creating your new ad campaign, and see what worked and why.

    Hope it helps you.

  • Posted by darcy.moen on Member
    I'd like to add some more to my reply.

    Since I began marketing my own dry cleaning business, I've found and met many very influential people that have helped/taught me many great things.

    Its not enough to just bring customers to your business with clever effective marketing...you have to keep them coming back. As one of my dear mentors (now departed to that great marketing resort in the sky) always said, you have to find, capture and keep customers.

    Once you get them, you have to serve them. If you have employees, you have to teach them how to sell. One of the best books I've read to do this is called "Service that sells", written by Jim Sillivan and Phil Roberts. Do a goole search on the web and see if you can find that book, or their website. They have awesome ideas for restaurants.

    Another friend and mentor of mine (Sean D'Souza)wrote an article that simply rocks. I'm including it in full here for you and others to read (I hope I'm not violating copyright in doing so...but Sean is pretty well known now...and I give him full credit for this article).

    Why Grandpa's Restaurant Died!

    Grandpa's restaurant was his pride and joy. The food was yum! The service was basic, but quick. And the prices pretty much ensured a happy little paunch over time. Yet amazingly, the customers dwindled and the restaurant slowly rode away into the sunset.

    I was in shock. That was my goodbye to free meals forever. You may not think much of it, but I was twelve, and in that traumatic instant every single free meal of my impending teenage years flashed before my eyes.

    So what did Grandpa do wrong? He had a whole cohort of hungry disciples, yet he never did anything with them.. Here are a few marketing strategies he could have taken that would have ensured my rumbling tummy rumbled no more!

    Magical, Magical Data!

    Every day, millions of people walk in and out of restaurants. Yet most restaurants know not where they come from, or where they go, or when they will be back.

    Wake up and smell the coffee you've been selling!

    When they eat at your place, they become existing customers. And fifteen seconds after their delicious dessert, they become DORMANT! How the heck are you going to get them back, if you don't know anything about them? The only way to do that is to collect data, much like this website does. When you know your customers a bit better, you can talk to them personally, and cater to their individual needs.

    Can I Have Your Name While You Finish Your Beef Vindaloo?

    Yes, you figured it out. You can't do that. And the time between their eating and walking out, is so fleeting that you may as well not try. So what do you do? You count on a basic human factor -- greed.

    All of us are greedy and getting something for nothing is what we'd stake our steak on.

    Imagine this scenario: You walk up to a more than satisfied customer right after the meal. Instead of the usual moronic, "How was your meal?", why not ask, "Was the food good enough to come back again?" Now that's a specific question. If they say yes, you give them a little form, informing them that their next meal is a whole 15% off. Would they like to fill in a form with their email address and postal address so that we can send them a voucher?

    Aha! In one second, your database is off the mark, and you can pretty much bet that the yummiest of those seven deadly sins will kick in to get that customer back! Better still, you've got their permission to start a relationship. Yippee Doo!

    How to Get Your Data Simmering

    Once you have their information on file, how do you use it? The worst thing you can do is tell your foodies about how good you are. Tell them what they want to hear!

    They are food lovers, remember? How can you entice them? Can you reach out and give them something special? Could you throw in a frequent-eater deal? Reach into their greedy stomach and something snaps in their brain, causing them to eat eight times a year, just to make 'eat points'. With every trip, they get to know the restaurant system better. They order stuff they like. They feel happier. People know them. They find a favorite table and God help anyone who crosses their path.

    They have now reached the level of fanaticism.

    How to Turn the Fanaticism Into a Religion

    The only way to start a religion is to get disciples. Digging into your database, invite your best fanatics for a special thank you meal. Suddenly, you've got an advertising campaign for the price of a leg of lamb with mint pesto and baby carrots.

    They are the disciples. Their burps spread the word. You sit back and rake in the moolah.

    Besides, by networking like-minded people together, you're increasing their chances to do business with each other. The richer they get, the busier they become, and the more they want a place that knows and caters to their needs. The friends they bring along reflect their own wealth and status, thus sending the whole system in an unending loop of upgraded customers spreading the good news in double quick time.

    Getting the Chinks Out of The System

    If good news is a jumbo jet, bad news is a Concorde. However, regular customers get comfortable with you and don't mind complaining. They nit pick with the loving tenderness of mom and make sure you stay in line. You couldn't pay for this feedback if you tried.

    So, try!

    If a regular customer complains, make sure she gets rewarded for complaining. It's like rewarding a puppy for good behaviour and what you really need is a steady stream of complaints to fix your systems constantly.

    Grandpa never heard the complaints. The customers simply didn't show up again. And his business walked out with them never to return.

    Grandpa made his share of mistakes but there's no reason why you can't learn from them. The same marketing principles apply whether you're in the food business or selling coffee mugs.


    These are the strategic steps:

    1) Throw in The Bait: Entice them with something to part with the data. If at first it doesn't work, keep trying till you find something that does. Then, repeat it with every customer.

    2) Use the Data Creatively: Think GREED. How can you make your customers want to keep coming back? You've got to appeal to base instincts.

    3) Form a Club: Well-organised disciples are better than random fanatics. If one club gets too big, form another,and then another, till you have a whole series of people who swear by you, and for you.

    4) Don't Be Shy: Make them also swear against you. Get feedback. Encourage it. Pay for it. Just do it!

    Which brings me back to me. Why did I choose a restaurant as an example when I could have chosen any other product or service? The prime reason is simply because restaurants involve impulse decisions, and patrons are very fickle. Proving it works in this field proves it can work in almost any other.

    But there's a selfish motive, too. I'm hoping some restaurateurs out there will be so pleased with this information, they'll offer me free meals forever! That way, I can catch up on the teenage years.

    Finally!

    Good food for thought eh?

    Darcy

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