Creating Luck

Ideas that will grow your business

Don’t Over Analyze Your Marketing Before You Act

If Apple designed the iPhone with the mentality of “if it works 80% of the time, then that’s good enough,” they wouldn’t have gotten very far.  They spend a lot of time analyzing, testing and tweaking before their final release  (How Apple Works).

Engineers and designers are taught to make sure they account for all sorts of situations in their products. As a result, a technical trained individual who is running a company may view marketing with the same mindset: if it’s not perfect, we’re not releasing it. The thing is, seeking a 99% solution is not as important for some fields as it is for others.

analysis paralysis

There is no way to know whether your marketing material will work until you try it. And if you don’t see traction, you massage your material till you start seeing some progress. And even then, you are never finished. You can always improve it, just like you would improve a technical product.

Continuously making improvements is a key element of any process, technical or business. But often, technically trained individuals – and as an engineer, I put myself into this category – have a tendency to over analyze before taking action. This mentality makes a lot of sense when you’re building a product. But there is a chance that over analyzing your marketing material is costing you business.

Many of my clients fall into this trap. They are engineers who have started a company and can’t make a decision on marketing. This drags out the release of any new marketing material or strategy. In the meantime, competitors who are quick to try different tactics, even if they flop, are speeding by with new sales and faster growth. Their mindset is completely different: “hey, let’s try this… it seems like it makes sense. If it doesn’t work, then let’s change it.”

Just the fact that they are taking action, and willing to make mistakes in their marketing, gets them farther ahead than those who wait. Marketing is not a 100% science. There is a lot of trial and error till you refine the messages that resonate most with your prospects. Large companies with big budgets have the resources to do all sorts of market testing before they launch their campaigns nationwide. As a small business owner, you probably don’t have that kind of budget or time.

If you find that you haven’t made a new marketing-related decision in the last 12 months or if it is taking you more than a few weeks to roll out campaign tweaks, you may have fallen into the trap of analysis paralysis. Sit back and think: what really happens if my marketing gets 80% close to the mark? Answer: you tweak it – after you’ve launched your campaign.

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