To build on last months Revenue Marketing presentation we have invited John Luginbill CEO and Founder of The Heavyweights to talk to Indianapolis business marketers. We caught up with John to give us a sneak peak on what to expect at this Thursday's Business Marketing Event. Remember, if you have not registered visit the Indy Business Marketing Association website to register for Thursday's event and learn more about what we have to offer to BtoB Marketers.
Why does a marketing guy talk about “selling your business?” Shouldn’t a valuation/finance person talk about that?
Most owner-operators of businesses only think about selling in the event of death… or maybe a divorce or a partner lawsuit. Then they find out that if they had been thinking about how their business was valued three years earlier it would be worth a lot more at that moment.
Why? Because every industry has metrics to evaluate what a business is worth. If you know those metrics and manage to the numbers a funny thing happens: your sales grow.
Having clearly defined metrics is the most important part of marketing execution. We say at our business, “What’s measured grows; what’s measured and reported grows exponentially.”
What about this could mean something to employees who aren’t owners?
Three valuable lessons here:
1) Everybody is an owner. Meaning, you own your own job. The sooner you find out what makes you valuable to the people that send you checks, the sooner you start making a lot more money
2) You want to know how your employer grows in real net worth and manage everything to those metrics. If your owners die or get divorced, you may be out of work if the company isn’t running to self-sustaining metrics
3) It makes you a valuable sales person when you frame the sale with an understanding of how your product contributes to the net worth of the customer’s company. Now you are not just selling your product, you are selling the customer a chance to get a lot richer. That isway easier to sell
Isn’t this “measured marketing” that Jill Snyder talked about last month?
Yes. In effect, this is what Jill taught at last month’s meeting: set up your marketing and sales in a way that it can constantly be measured and improved. She talked about driving demand and revenue with sales and marketing tactics, then making sure to measure each tactic to the revenue it produces. So this is similar… but from a little different perspective.



The Indianapolis Chapter of the Business Marketing Association (BMA) is proud to announce the new 2009-2010 Board of Directors.