Why Nike has the best marketing strategy for small business

The Marketing Strategy behind “Just Do It”, and why it works for small business

“Just Do It” is one of the most recognized trade marked brands in the world. If you have  watched television in the last 20 years you are likely to have seen at least one of Nike’s ads. Phillip Knight, one of the founders of Nike, Inc. has developed the best marketing strategy for small businesses to follow: “Just Do It”.

Marketing Strategy for Small Business

Image courtesy of Notoriety Incorporated (http://www.notorietyinc.com/blog/nike-chosen-%E2%80%93-just-do-it-campaign-behind-the-scenes-video)

With the advancements in technology, small businesses and entrepreneurs have access to thousands of analytical tools, planning tools, development tools, split testing tools, email tactics, and social media tricks to help them create a marketing strategy. What I have found is that small business owners and entrepreneurs have become lost in the “technology cloud”. If they want to be successful they need to adapt Nike’s motto and “Just Do It”.

All of the tools we mentioned are great and have reshaped how business is being done, especially marketing. The problem is that small businesses, especially entrepreneurs, tend to get overwhelmed by over analyzing and strategizing what course of action to take; “analysis paralysis.” They would be much better off to take one course of action, monitor the results, and make an educated decision about if the program or marketing strategy worked (this is often referred to as a “minimal viable product”, coined by author Eric Ries of The Lean Startup, click here to learn more about this book).

Having a thorough marketing strategy is a crucial step towards success, after all

“A failure to plan is a plan for failure” – Winston Churchill

However, spending too much time in the planning stages can cripple a small business, which often relies on immediate new revenue sources. When you are developing a marketing strategy it is important to evaluate which of the pieces of the puzzle can be implemented and yield immediate results versus those that may have longer term results. The biggest advantage for small businesses is that there are some activities that you can do right now to drive revenue. The list below will help organize some of the action items you can implement today. The important thing is to “Just Do It”.

Immediate Action Items Long Term Action Items
  • call existing clients
  • referrals
  • opportunities
  • internal opportunities, co-workers
  • Search Engine Optimization (SEO)
  • Social Media Marketing
  • Email Marketing
LinkedIn:

  • Blogging
  • Mail Campaigns
  • Telemarketing
Lost Opportunities / Old Leads:

  • Call to see if they were satisfied with their decision
  • Any new opportunities
  • Ask for a referral

If you are concerned about the longer term marketing strategy, Foley Media can help you develop a plan based on your available resources to accomplish your sales objectives. To learn more, click here to schedule a marketing strategy assessment.

Why everyone loves an underdog story

Whether you are a sports fan or not, everyone loves to hear about an underdog story. Whether that story is about a start-up company on the brink of failure, coming back to be what seems like an overnight success or the New York Giants Superbowl win of the favored New England Pats (Go Giants!), both are captivating.

During this year’s Superbowl Chrysler aired one of the best advertisements I have seen in years, yet again the “underdog” theme appears (here’s the video):

This iconic video, featuring Clint Eastwood, shows the spirit shared by entrepreneurs, the willingness to lay it all on the line to pursue their dream, not the American Dream, but their own dream.

As this blog evolves it will be my personal objective to share the successes, failures and underdog stories that make business so unique. I look forward to learning from my clients as much as I hope to enlighten them and help them grow their businesses.

I encourage you to subscribe and follow my blog for helpful marketing tips, strategy and trends.

Enjoy the ride.