How Outsourcing Your Marketing Team Can Save You Time, Money and Risk

How successful are your current marketing initiatives and programs? Do you have a marketing team to launch and execute your marketing plans? Many small businesses struggle with making their marketing program effective because they don’t have the in-house talent and expertise to manage marketing projects such as a new product launch, a website redesign, SEO or even the creation of a well-researched and comprehensive plan. Putting all of this together takes time and money and drains valuable resources from other areas of your business.

Consider outsourcing these responsibilities to a third-party marketing consulting company. Here are several important benefits to outsourcing:

1) HIRING A PROFESSIONAL MARKETING CONSULTANT SAVES YOUR BUSINESS TIME AND MONEY:

· Your business saves money in reduced overhead costs (no internal team to hire, manage, provide office space for, etc.).

· You agree up front on how much you want to spend and can cap costs at a certain amount – no more unanticipated expenses or marketing budgets run amok!

· You spend less time spent on daily marketing management, trying to find the right people for an in-house marketing team, and task delegation.

2) OUTSOURCING YOUR MARKETING FUNCTIONS TO A WELL-VETTED MARKETING EXPERT HELPS YOU REDUCE YOUR MARKETING RISK AND BUILD BUSINESS PARTNERSHIPS:

· Your marketing consultant wants and needs their programs to be effective. They will work hard to bring you marketing success, as this reflects positively on them and encourages their continued work with your business.

· Access to an enormous network of skills, talents and capabilities, such as graphic designers, copywriters, website developers, and SEO consultants, to name just a few.

· Knowledge is transferred between both businesses. A savvy marketing professional will get to know your business inside and out. As a result, they’re flexible enough to adapt your marketing program to meet shifting objectives (such as industry trends) quickly and effectively.

Here is a helpful example of a company who outsourced the creation and distribution of a direct mail marketing program:

MARKETING CASE HISTORY:

Opportunity/Problem:

A realty company agent wanted to revamp its quarterly postcard-marketing program to generate new listings. Their company’s previous program’s impact was fading and no longer produced any measurable benefit.

Solution:

The budget for this project was defined, and a cross-platform marketing program was custom created for the realty company. A direct mail postcard would be sent to about 10,000 recipients in the target market. The postcard included individual website landing pages personalized for each mail recipient. The target market was segmented so that each group would receive a more relevant and specific message and personal URL. The landing pages were created for each market segment and were hosted to receive visitors to the website.

Each time a recipient landed on their personalized page, a real time lead was created, and the client was notified of the lead for immediate follow up. The actual return on marketing investment for the first year of this program was 108%, bringing incrementally increased sales revenue and a bottom line profit that far exceeded the cost of the entire program.

 

How to Make Money Investing in Stocks in Any Market

Nobody can always make money investing in stocks (also called equities), but those who outperform year after year do so by applying two basic concepts. Here we will use 2015 and 2016 as an example because they promise to be challenging years. We’re not talking about finding tomorrow’s glamour stocks or short-term trading here. We’re talking about two important and basic market concepts that many investors either are not aware of, or that they overlook at their own expense.

Concept #1 refers to the cyclical nature of markets. Prices will always fluctuate, but there are reoccurring and identifiable price trends that can either make you or break you. A trend of rising prices is called a “bull market”, and just about anybody can make money investing in stocks in these “good” markets. The good news is that they often last for several years. The bad news is that they are always followed (sooner or later) by a trend of falling prices which is called a “bear market’, or simply a “bad” market for most investors.

The good news is that bear markets (like the last two) sometimes last for less than two years. The bad news is that they can be swift and brutal – creating losses of 50% or more for investors (like in the last two bear markets). The other bad news is that very few investors ever make money investing in stocks in a bear market. More bad news: if you lose half your money in a bad market, you then need to double your money in the next good market in order to simply break even.

As I look forward to 2015 and 2016, I also look back to the years 2000 and 2007. Both years were the beginning of bear markets that followed good markets. Both created 50% losses in less than two years and wiped out most of the profits investors earned in the preceding good markets. As of 2015, the current bull market that started in early 2009 is almost six years old. The stock market has again hit all-time highs. The challenge now is how to make money investing in stocks in 2015 and beyond if a new bear market hits in 2015 or 2016.

As we move on to concept #2, note that we are not talking about how to avoid losses in a bear market, but how to actually make money investing in stocks. You can always avoid losses by getting out while you are ahead, or you can reduce losses by cutting your asset allocation to stocks.

While just about everyone knows that you can make money investing in stocks when you buy them and equities prices rise… most folks do not know that you can also bet that prices will fall and make money if they do. This is called taking a “short” position. It’s legal, and has been going on for many years. During the Great Depression some people in the know got filthy rich “going short”; and during the financial crisis of 2007- 2008 you could have made big bucks betting against the market as well.

This is concept #2 and is the flip side of how markets work. The good news is that it will be easier than ever to make this bet in 2015 and 2016. The bad news is that it’s not for everyone, because you can take significant losses if you go here and prices move UP, against you. Actually, I’ve known people who are repulsed by the concept and some who even think that it’s un-American and should be illegal. That having been said, it’s a fact of life and part of the free-market system we live in.

It’s never easy to make money investing in stocks by going “short” because the market trend over the long term has been up. On the other hand, when the market goes south you won’t make money investing in stocks any other way. You’ll lose it along with about 98% of investors. The easiest way to short the market these days is to simply buy stocks called INVERSE EXCHANGE TRADED FUNDS (ETFs). Popular examples (stock symbols) include DXD, SDS, and QID. In order, these allow you to short the three major indexes: the Dow, the S&P 500, and the NASDAQ.

These (and other) inverse ETFs are designed to go UP in price when the market indexes go DOWN. In fact, if the index goes down 1% they are designed to go up 2%. If you want to try to make money investing in stocks in a bad market, inverse ETFs are the simplest way to do it. They can be easily bought and sold through a discount broker for about $10 per trade.

Above all else, keep the concept of bull and bear markets in mind in your endeavor to make money investing in stocks in 2015, 2016 and well beyond. While a rising tide lifts all boats, a falling tide can leave them dead in the water. If you are adventuresome and can handle the risk, you now know how to make money investing in stocks when the tide goes out.