Nothing Beats a Day of Education – Part 1 Guerilla Marketing

They say that you learn something new every day. So, I will tell you that I received a year’s full of learning last Tuesday at the Entrepreneur Magazine’s Growth 2.0 Conference in Miami. It all started with breakfast and then an hour long talk with Keynote Speaker Jay Conrad Levinson, Chairman of Guerilla Marketing International. His ideas and his enthusiasm for the entrepreneur were just invigorating. He spoke about the difference between traditional marketing and guerrilla marketing and why guerrilla marketing works without spending a lot of money.  - One thing that I always wondered about and he made clear was that traditional marketing always measures sales performance. But the real truth of how a business is doing is measured by PROFITS –

In our industry, once a year a list of Top 40 companies is published listing their gross sales. I wonder how many of these top companies would be there if they showed NET PROFIT instead. I always thought that it was a crazy idea to rate companies on how much they sold. – It sounds good to say you sold $100million last year, but if you sold $100million and you lost $25million in the process, what makes your company better than mine, when I show a profit instead of a loss?  Mr. Levinson’s way of thinking makes much more sense.

He also talked about social media and how to embrace it as part of your marketing. No one thing, not television, nor newspapers, nor direct mail alone will grow your business. You need to use a combination of things to keep you in the public eye, as well as social marketing. And not just continually posting things about you, but really “Listen” to what is being said out there and contribute by engaging and participating in the conversation, so your marketing becomes a dialogue not a monologue.