Last month, I wrote about transparency. This month, my topic is invisibility. And to begin with, I want to stress that they are not the same thing.
As I wrote last month, a transparent selling strategy—one that a buyer can see right through—is a very good thing. Invisibility, though—not being seen at all!—is a very bad thing for a printing salesperson and for a printing company.
How You Get There
How does a printing company become invisible? It starts with a reduction in marketing effort, and sadly, that’s a very common occurrence when sales volume declines—as many printers are experiencing right now. The most common response to sales dollars not coming in seems to be marketing dollars not going out. On an intellectual level, I think most printers realize that’s exactly the wrong thing to do, but they do it anyway. Marketing is traditionally the first thing that gets cut when business slows down.
And it’s not just printers! In fact, you can make the case that the reason most printers are slow is that their customers are not marketing their own businesses. That’s only part of the problem, though. The larger problem is most printers aren’t working hard enough to capture a larger share of the diminished market.
Here’s some arithmetic to consider. If the volume of printing in the quick/digital/small commercial segment is down by 12-15%, as I am hearing, one of the possible end results is that every quick/digital/small commercial printer will be down by exactly that amount. Another possible result, though, is that 80% of all printers in the quick/digital/small commercial category will be up by 5-8%, and the other 20% will go out of business. Okay, the math is not exact, but I hope you’ll get my point. You may have to participate in the recession, or whatever it is that we have here, but you don’t have to share in it equally. Those who get going when the going gets tough almost always survive—and not just survive, but prosper!
How You Get Out Of There
Okay, how do you avoid invisibility? First and foremost, I think you should be doing lots of the things that cost the least. Call on your customers. (Don’t just wait for them to call you!) Call on your prospects. (And if you don’t have any real prospects, develop some!) I’m talking about phone calls, and hopefully, about appointments that will result from those phone calls.
I’m talking about asking your customers about their goals and plans for the next six to eight months, and about how you can help them to execute those plans and meet their goals. I’m talking about asking prospects to consider that you might be able to save them some combination of time and aggravation, and maybe even money, if they sit down and talk with you. And beyond that, you may even have some ideas about how they can increase their own sales volume through more effective marketing.
With your customers, these may be defensive conversations—staying in close touch to minimize the likelihood that a competitor will take the customer away from you. With your prospects, these are offensive conversations—not in the “offend them” sense, but in an effort to grow your own business by taking them away from their current supplier. And don’t lose sight of the offensive potential of these conversations with your customers. If you’ve only been getting a share of their business, this is your opportunity to compete for a larger share.
The least costly marketing activity available to you is for you, as the owner, to make sales calls. And please don’t tell me that business is way down and you still don’t have time to do that.
What else can you do to increase your visibility? Direct mail is an obvious possibility, especially the sort of highly personalized direct mail that’s less costly to printers than to their customers. It would be smart, though, to spend some time with your mailing list. Make sure that you’re mailing to companies that have real potential, and make sure that you’re mailing to the person in those companies who makes the buying decision. I can’t prove this, but I’m still pretty sure that most printers waste 50% or more of what they spend on direct mail, simply because of the (lack of) quality of their mailing list.