Avoid barking up
the wrong tree

Get a leg up on
the competition

Mark your
territory

Get them eating
out of your hand

Smart budgeting








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To get the most from your marketing, we recommend establishing a marketing budget based on DEFINED OUTCOMES and the PROCESS required to complete them. Any firm that has gone through the process before can provide a pretty accurate estimate of the amount of time and effort and money required. Avoid monthly retainers and set fees that do not take into account the steps in this process and related fluctuations in work level.
 

  We also recommend that you:

  • Designate a POINT PERSON who can act as the liaison between our firm and yours to streamline information gathering and decision making. This will save you time and money.
  • Identify a talented staff member who can be trained to perform ROUTINE MARKETING TASKS and therefore reduce outside expenditures. (This also adds to job enrichment for the staff member and gains internal buy-in.)
  • FOCUS your marketing efforts on defined goals and objectives. Remember – marketing is a PROCESS – and you cannot achieve everything at once!
  • TEST new messages, concepts and programs BEFORE you implement. This can save money on unnecessary changes and misdirected efforts.
  How we charge for our services:
  1. Professional fees
    Recommended: Project budget. Amount of fees is based on agreed upon counsel and services to be provided as part of a process over an established time frame.
    Optional: Hourly rate or agreed upon monthly fee.
    Billing: Typically monthly following completion of work. Advance partial payment may be required for some projects.
  2. Outside Expenses:
    Includes: Use of outside resources for graphic design and production, delivery charges, advertising specialty items, printing, photography, meeting expenses, travel and accommodations and other such items.
    Handling fees: Outside expenses are billed at cost plus a standard handling fee of 17.65 percent.
    Billing: Estimated in advance for client approval and billed in addition to professional fees.
  3. Miscellaneous Expenses:
    Includes:
    Routine expenses such as mileage and parking, photocopying, faxes, standard office supplies and telephone.
    Amount: 10 percent of professional fees.
    Billing: Billed along with professional fees.
 LW Marketworks also has extensive experience in these areas:
 •  Associations/organizations •  Business and professional services •  Financial services hospitality
 •  Human healthcare Information technology •  Manufacturing real estate •  Retail

Copyright © 2010 LW Marketworks, Inc. • Sylvan Lake, MI • Phone: 248-253-0300 • email: