Networking is a critical part of growing any business. It's through networking that people are able to make connections with potential customers and others in their field, which helps them grow their sphere of influence and get their name known. While many people understand the importance of networking, few people have the skills mastered that allow them to make full use of all its benefits. Here are some tips to allow even the greenest entrepreneur to master the art of networking.
Creating an Effective 30-Second Pitch
Once you've begun to develop your business, one of the most important marketing techniques you should master is the 30-second pitch. A 30-second pitch is a brief, easily understood summary of the business that you can give when you meet a new connection.
No one wants to listen to a long-winded explanation when they meet someone new. It will drive them away and make you seem less interested in forming connections and more interested in just selling. The pitch instead should be a brief introduction to what you do and intrigue the listener into learning more. Work on developing a pitch that's informative, but also informal in tone and easy to work into a conversation.
Mastering the Business Card
Like the 30-second sales pitch, the business card should be something that helps to capture a person's eye and tells them all they need to know about your business. Networking events typically involve exchanging countless business cards and speaking with numerous people. It can be difficult to keep track of everyone. Once the event is over, people will sit down and look at the business cards they collected. The ones they can connect with a face or that spark interest are the ones most likely to be remembered and entered into a contact list.
Make sure your contact information is easy to use and displayed prominently. The headline on the card should capture the essence of the business. Consider using a unique design that complements the card and represents you (or the person you're creating cards for). The more ways the card can stand out from the crowd, without being too crowded or distracting, the better.
Widening the Circle of Potential Connections
Networking is not just about meeting potential clients. It's also about meeting others within your own field. Others within the field can serve as advisers and mentors, helping new businesses to succeed. We all have different strengths and weaknesses. Developing a strong network within the field can lead to recommendations, partnerships on projects, and referrals from others whose strengths complement your own.
When working on creating this branch of the network, however, it's also important to reciprocate. Few people will be interested in getting to know and work with a person who doesn't seek to help others, too.
Forming Genuine Connections
The purpose of networking is not to offer a 30-second commercial that others will forget once it's out of sight. Networking is about developing genuine relationships.
When you take a person's business card, make sure you also take the time to follow up with them later on. Send cards for holidays and anniversaries. Make it a point to check in and make occasional conversations about topics outside of work to get to know the actual person.
People are more likely to want to do business with those they feel a personal connection with. Taking the time to develop these personal relationships can help improve your reputation and ensure you're viewed in a positive light by others in the business world.
Networking is an important part of developing a business. It's how many entrepreneurs gain mentors, friends, and business leads. Effective networking requires the ability to properly advertise your business while still maintaining an open and friendly demeanor. Keeping the above tips in mind will get you started on the exciting path of building a wide and complete network.
Friday, December 27, 2013
Branding on a Budget: Four Steps for Brand Consistency
All companies can benefit from developing a consistent brand image. The brand definition and features may encompass everything from logos to color palettes to fonts, but it must be maintained consistently across marketing collateral, presentations, correspondence, and proposals. Your brand image may even influence your office décor, if you have logos or product photos as part of your furnishings. Keeping everything in sync is difficult, especially as time passes and the company grows or expands its product line. Here are a few tips to help you keep your brand elements consistent.
1. Develop a logo.
In the long run, it pays to have a professionally created company or brand logo as the centerpiece of your company's identity. A custom logo doesn't have to be expensive, but it should be simple, eye-catching, and unique.
Unless you're a graphic artist or you already have a great one on staff, work with a designer for logo creation. While there are libraries of standard logos you can choose from, it's worth it to have a logo custom designed by an experienced graphic artist who can capture the essence of your business. Try to resist the temptation to design your own logo using PowerPoint or a similar program because it will probably always look amateurish. You also won't be able to generate all the different file types you need for various media.
2. Pick a color scheme.
Once you've found a graphic designer to work with, ask him or her to create a corporate color scheme for you while they're working on the logo. The color scheme should include two or three colors that coordinate well together, and it should include light and dark shade variations of the chosen colors.
The experienced eye of a graphic artist will come up with fresh designs and color schemes that you'll love, even though you might not have considered them on your own. When you settle on your colors, you can ask the designer to provide the Pantone color code values and the CMYK equivalents to prevent inconsistencies that occasionally occur if people try to "eyeball" the correct shade on future documents.
3. Create a style set and templates.
If you use page layout or word processing applications, you'll want to create a custom style set that includes fonts, heading styles, margins, and spacing defaults so your documents always have a consistent look and feel. A graphic artist's expertise will come in handy here, too, by giving your documents an appealing look.
Consider installing the style set for new employees when they join your company, or have IT set them up for you, so employees automatically create consistently formatted documents and presentations. It's a huge time saver when you don't have to reformat every document before publishing it.
4. Post a branding "book" or style guide.
A style guide doesn't have to be complex, but it does need to make the guidelines for logo usage and other branding elements clear. To help ensure consistency, include the standards for color values, official product and company names, and links to corporate templates. It only makes sense to have a style guide if employees will use it, so try to keep it simple if you can.
Creating a recognizable brand requires consistency to avoid muddying brand identity. By following a few guidelines, you can help ensure that prospective customers will instantly recognize your brand.
1. Develop a logo.
In the long run, it pays to have a professionally created company or brand logo as the centerpiece of your company's identity. A custom logo doesn't have to be expensive, but it should be simple, eye-catching, and unique.
Unless you're a graphic artist or you already have a great one on staff, work with a designer for logo creation. While there are libraries of standard logos you can choose from, it's worth it to have a logo custom designed by an experienced graphic artist who can capture the essence of your business. Try to resist the temptation to design your own logo using PowerPoint or a similar program because it will probably always look amateurish. You also won't be able to generate all the different file types you need for various media.
2. Pick a color scheme.
Once you've found a graphic designer to work with, ask him or her to create a corporate color scheme for you while they're working on the logo. The color scheme should include two or three colors that coordinate well together, and it should include light and dark shade variations of the chosen colors.
The experienced eye of a graphic artist will come up with fresh designs and color schemes that you'll love, even though you might not have considered them on your own. When you settle on your colors, you can ask the designer to provide the Pantone color code values and the CMYK equivalents to prevent inconsistencies that occasionally occur if people try to "eyeball" the correct shade on future documents.
3. Create a style set and templates.
If you use page layout or word processing applications, you'll want to create a custom style set that includes fonts, heading styles, margins, and spacing defaults so your documents always have a consistent look and feel. A graphic artist's expertise will come in handy here, too, by giving your documents an appealing look.
Consider installing the style set for new employees when they join your company, or have IT set them up for you, so employees automatically create consistently formatted documents and presentations. It's a huge time saver when you don't have to reformat every document before publishing it.
4. Post a branding "book" or style guide.
A style guide doesn't have to be complex, but it does need to make the guidelines for logo usage and other branding elements clear. To help ensure consistency, include the standards for color values, official product and company names, and links to corporate templates. It only makes sense to have a style guide if employees will use it, so try to keep it simple if you can.
Creating a recognizable brand requires consistency to avoid muddying brand identity. By following a few guidelines, you can help ensure that prospective customers will instantly recognize your brand.
Monday, December 23, 2013
Preparing a Sales and Marketing Plan for 2014
As the year draws to a close, many companies are preparing to review and develop their marketing plans for 2014. A solid marketing plan will articulate a vision for the company in the new year, including how the group is going to expand and what the revenue goals should be. Developing a solid plan requires quite a bit of forethought and planning. Here are the three steps that businesses should use to get themselves prepared for the upcoming year.
It's not enough to simply say that the company is going to make a certain amount of money in the upcoming year. A good marketing plan will determine what markets, geographical areas, and populations the business can expand into and how that will affect revenue. There should also be estimations about how much the company is depending upon past customers returning and what percentage can realistically be expected to spend again.
This will encompass the company's plan to generate revenue and meet the goals described in step one. In 2014, there are a variety of marketing techniques that should be considered. A company can produce excellent copy or presentations, but without a solid, well-rounded marketing campaign, it will go nowhere. Everyone knows about the importance of working online, but many neglect the print world. Yet a stunning 73 percent of customers prefer to receive printed announcements rather than email announcements from their preferred brands. Consider some of the following marketing techniques.
According to Target Marketing magazine, direct mail had the highest rating for customer acquisition, contact, and retention ROI. One of the biggest problems companies face with direct mail is that few people are experienced with the medium and how to run a campaign. If this sounds familiar, work with someone who is used to this type of print marketing.
Customers have indicated that they prefer paper ads, especially when shopping. An estimated 69 percent of shoppers depend on newspapers for information about brands and deals.
Many people use their smart devices for nearly everything. While print advertising is effective, it often works best when integrated with online campaigns. For example, include QR codes on pamphlets to take people to the company website or ordering page. This will drive traffic and help you reach across demographics to include everyone on and offline.
Schedule benchmarks throughout the year to see how well the company is reaching its goals. These benchmarks should be reasonable and take into account how much time marketing techniques require to be effective. For example, a new direct mail campaign may not be as effective when it is first launched. After a few mailings, however, customers may begin to recognize the brand and give it more recognition.
At the same time, the team must be willing to revise when necessary. If the company is falling short, examine the ROI of different lead generation and conversion techniques. See if revisions are possible or if the budget money would be better allocated elsewhere. If the company is surpassing expectations, revise expectations so as not to shortchange what the company is capable of producing.
Developing a successful marketing campaign is an important step in preparing a company for the upcoming year. Taking the time to research and create a practical plan will give everyone a clear picture of the expectations and will guide the business to the next level.
1. Determine where the company is going
It's not enough to simply say that the company is going to make a certain amount of money in the upcoming year. A good marketing plan will determine what markets, geographical areas, and populations the business can expand into and how that will affect revenue. There should also be estimations about how much the company is depending upon past customers returning and what percentage can realistically be expected to spend again.
2. See how the company is going to get there
This will encompass the company's plan to generate revenue and meet the goals described in step one. In 2014, there are a variety of marketing techniques that should be considered. A company can produce excellent copy or presentations, but without a solid, well-rounded marketing campaign, it will go nowhere. Everyone knows about the importance of working online, but many neglect the print world. Yet a stunning 73 percent of customers prefer to receive printed announcements rather than email announcements from their preferred brands. Consider some of the following marketing techniques.
Direct mail
According to Target Marketing magazine, direct mail had the highest rating for customer acquisition, contact, and retention ROI. One of the biggest problems companies face with direct mail is that few people are experienced with the medium and how to run a campaign. If this sounds familiar, work with someone who is used to this type of print marketing.
Print advertising
Customers have indicated that they prefer paper ads, especially when shopping. An estimated 69 percent of shoppers depend on newspapers for information about brands and deals.
Integrated marketing
Many people use their smart devices for nearly everything. While print advertising is effective, it often works best when integrated with online campaigns. For example, include QR codes on pamphlets to take people to the company website or ordering page. This will drive traffic and help you reach across demographics to include everyone on and offline.
3. Measure progress and revise when necessary
Schedule benchmarks throughout the year to see how well the company is reaching its goals. These benchmarks should be reasonable and take into account how much time marketing techniques require to be effective. For example, a new direct mail campaign may not be as effective when it is first launched. After a few mailings, however, customers may begin to recognize the brand and give it more recognition.
At the same time, the team must be willing to revise when necessary. If the company is falling short, examine the ROI of different lead generation and conversion techniques. See if revisions are possible or if the budget money would be better allocated elsewhere. If the company is surpassing expectations, revise expectations so as not to shortchange what the company is capable of producing.
Developing a successful marketing campaign is an important step in preparing a company for the upcoming year. Taking the time to research and create a practical plan will give everyone a clear picture of the expectations and will guide the business to the next level.
Tuesday, November 26, 2013
About Your Copy
Before we start, let's get one thing clear. This post is not about the copies we make for you on our copy machines. It's about the copy (text) that appears on your website and in your promotional materials. No matter what type of business you run, copy affects every part of your business. It's the cornerstone of your marketing, and it affects the executive team, the HR department, and every aspect of the organization.
How?
To answer that question, let's first take a look at what copy is and what it is not. Copywriting is the act of producing written text (copy). It's not the same as "copyright," which refers to one's legal right to produce and publish content. Wikipedia explains copywriting as "writing copy (text) for the purpose of advertising or marketing. The copy is meant to persuade someone to buy a product or influence their beliefs."
That second part is especially important because it's the key differentiator between success and failure in copywriting. Weak copy will be thrown in the trash, while good copy will move the recipient to the desired action you want them to take. This applies not only to advertising and marketing but to any type of business and even personal communication.
Effective copywriting is sometimes referred to as "a salesman in print." It can be seen in brochures, billboards, websites, emails, TV and radio ads, catalogs, and many other places where the goal is to move someone to a desired action. That action might be purchasing your product, engaging with your company, or picking up the phone to request more information. In short, copywriting is all about making the recipient move and act.
Copywriting dates all the way back to the nineteenth century, when the newspaper industry was beginning to boom. At that time, copywriting referred to the words written by journalist being copied from their desk into the newspaper. Times may have changed, but copywriting is as crucial now in helping to sell your products as it was then in helping to sell newspapers.
Good copywriting answers the problem of how to get more sales.
Two big buzzwords today are content marketing and inbound marketing. Both essentially refer to copywriting. While effective copywriting is part science and part art, the fact is that anyone can create copy that moves people to act. Well-crafted copywriting doesn't need to be full of hype or written with bold typefaces and capitalization that beats people over the head.
There are three basic steps you can take to create compelling copy.
1. Know your audience. It should be a given that you know exactly who you're creating the copy for. The more you know about your target audience, the easier it will be to create powerful copy. A demographic profile can help you not only create your copy but also know who you will be sending that content to. The following are some examples of data you'll find in a demographic profile:
3. Always include a call to action. Always. No matter what marketing medium you use to send and communicate the copy, there should always be a call to action. Never assume that the recipient will know what you want them to do next. Tell them exactly what the next step should be. Should they call, fill out a form, or visit your showroom? Make it crystal clear.
It takes time, skill, practice, and patience to become a master copywriter. For businesses that want to produce effective copy that moves people to act, following these three simple steps can go a long way toward achieving that goal. Communication tools may be expanding and evolving, but one thing will never change: the need for good, effective copywriting. Bad content produced across multiple marketing channels will work just as poorly as it did across one.
Change the words used to communicate your uniqueness and to tell your story, and you will change your business.
How?
To answer that question, let's first take a look at what copy is and what it is not. Copywriting is the act of producing written text (copy). It's not the same as "copyright," which refers to one's legal right to produce and publish content. Wikipedia explains copywriting as "writing copy (text) for the purpose of advertising or marketing. The copy is meant to persuade someone to buy a product or influence their beliefs."
That second part is especially important because it's the key differentiator between success and failure in copywriting. Weak copy will be thrown in the trash, while good copy will move the recipient to the desired action you want them to take. This applies not only to advertising and marketing but to any type of business and even personal communication.
Effective copywriting is sometimes referred to as "a salesman in print." It can be seen in brochures, billboards, websites, emails, TV and radio ads, catalogs, and many other places where the goal is to move someone to a desired action. That action might be purchasing your product, engaging with your company, or picking up the phone to request more information. In short, copywriting is all about making the recipient move and act.
Copywriting dates all the way back to the nineteenth century, when the newspaper industry was beginning to boom. At that time, copywriting referred to the words written by journalist being copied from their desk into the newspaper. Times may have changed, but copywriting is as crucial now in helping to sell your products as it was then in helping to sell newspapers.
Good copywriting answers the problem of how to get more sales.
Two big buzzwords today are content marketing and inbound marketing. Both essentially refer to copywriting. While effective copywriting is part science and part art, the fact is that anyone can create copy that moves people to act. Well-crafted copywriting doesn't need to be full of hype or written with bold typefaces and capitalization that beats people over the head.
There are three basic steps you can take to create compelling copy.
1. Know your audience. It should be a given that you know exactly who you're creating the copy for. The more you know about your target audience, the easier it will be to create powerful copy. A demographic profile can help you not only create your copy but also know who you will be sending that content to. The following are some examples of data you'll find in a demographic profile:
- Gender
- Age
- Family Status
- Income
- Occupation
- Interests
3. Always include a call to action. Always. No matter what marketing medium you use to send and communicate the copy, there should always be a call to action. Never assume that the recipient will know what you want them to do next. Tell them exactly what the next step should be. Should they call, fill out a form, or visit your showroom? Make it crystal clear.
It takes time, skill, practice, and patience to become a master copywriter. For businesses that want to produce effective copy that moves people to act, following these three simple steps can go a long way toward achieving that goal. Communication tools may be expanding and evolving, but one thing will never change: the need for good, effective copywriting. Bad content produced across multiple marketing channels will work just as poorly as it did across one.
Change the words used to communicate your uniqueness and to tell your story, and you will change your business.
Saturday, November 23, 2013
5 Ways to Make More Money Simply by Using Your Time Well
We entrepreneurs want to do everything personally. This often includes menial tasks that can cost us money. Sure, we get the satisfaction of doing it ourselves, but that satisfaction comes at the cost of profit. Broken faucet? We're on the job! But the time spent fixing that plumbing is time we didn't spend on the business, and that lost time could have earned us far more than what we saved by doing the job ourselves.
Making money is rarely about saving it. It's largely about getting more out of every second of every day. When people talk about the richest people in the world, they don't just talk about their net worth. Instead, they talk about how much money they make per second or per hour. That's because deep down, we all know that life is a marathon, not a sprint. It's about making proper use of our time so we make more money per hour.
So how can we accomplish more in less time? Here are five ideas to get you started.
1. Focus on the Jobs That Make the Most Money
There are plenty of things an entrepreneur has to get done, and not all of them are business-related. Marketing, house cleaning, link building, and customer service are just some examples. Which of these isn't like the others? Which one won't make you money? If you answered house cleaning, you're right. Time is money, and if you spend your time on the little things, you'll end up sacrificing the big things -- the jobs that can pay for your food, rent, and car.
Time management isn't just about finding time to do everything. It's about prioritizing and finding the time to do the right things.
2. Relax
Many of us wrongly associate relaxation with lethargy or laziness. Nothing could be further from the truth. While most people would find it unthinkable to relax when they have a business to run, that's not true for those who make hundreds of dollars per hour.
Relaxation allows a person to create space between their work and themselves. It gives them the time to rest, and with that time the ability to see the forest for the trees. Bury your nose in your work, and you'll start to lose perspective. Time off helps to maintain that edge.
Taking some time to relax also lets you recharge. Most entrepreneurs handle multiple aspects of the business every day -- juggling numbers, thoughts, ideas, and who knows what else. Even in short bursts, such activity can be extremely tiring and can rob a person of their energy in record time. An entrepreneur low on energy is more likely to miss out on an important detail or two, and that can spell disaster down the road.
3. Get a Personal Assistant
A personal assistant is there to make life easier for you and to sort out the little things, which is great since it lets you focus on the big issues instead. For as little as eight dollars per hour, you can hire someone who will perform basic tasks, such as making sure your bills get paid on time or doing your grocery shopping for you. If you develop a good relationship with your assistant and they prove trustworthy, you could even end up using them to sort through your email, so only important messages get your attention.
Depending on your situation, you might not even need your assistant to be in the same country. Virtual assistants can work well as researchers and email handlers from anywhere in the world.
4. Find Out When You Do Your Best Work, and Work Then
Each person has a different rhythm. Stephen King works in the morning and until noon. So did Henry Miller, who would work from morning till afternoon, spending evenings with friends. They understood they had a rhythm. Instead of fighting it, they embraced it fully.
You should do the same. Figure out when you do your best work. Make a chart if it helps. Once you figure out when the best ideas come and when you feel in the zone, work out your schedule so it coincides with your ideal work time.
5. Get a Maid
A clean workspace is a usable workspace. It's relatively easy to find people who can clean your house, wash your dishes, and cook. Those chores take time you could be spending on marketing a new product. Focus on making enough to afford to pay someone to clean your floors, while you ensure your financial independence and future.
When it's all said and done, it really boils down to this: You need to figure out which aspects of your life make the most money and which ones can be delegated. If it isn't worth your time, don't do it. It's as simple as that.
Making money is rarely about saving it. It's largely about getting more out of every second of every day. When people talk about the richest people in the world, they don't just talk about their net worth. Instead, they talk about how much money they make per second or per hour. That's because deep down, we all know that life is a marathon, not a sprint. It's about making proper use of our time so we make more money per hour.
So how can we accomplish more in less time? Here are five ideas to get you started.
1. Focus on the Jobs That Make the Most Money
There are plenty of things an entrepreneur has to get done, and not all of them are business-related. Marketing, house cleaning, link building, and customer service are just some examples. Which of these isn't like the others? Which one won't make you money? If you answered house cleaning, you're right. Time is money, and if you spend your time on the little things, you'll end up sacrificing the big things -- the jobs that can pay for your food, rent, and car.
Time management isn't just about finding time to do everything. It's about prioritizing and finding the time to do the right things.
2. Relax
Many of us wrongly associate relaxation with lethargy or laziness. Nothing could be further from the truth. While most people would find it unthinkable to relax when they have a business to run, that's not true for those who make hundreds of dollars per hour.
Relaxation allows a person to create space between their work and themselves. It gives them the time to rest, and with that time the ability to see the forest for the trees. Bury your nose in your work, and you'll start to lose perspective. Time off helps to maintain that edge.
Taking some time to relax also lets you recharge. Most entrepreneurs handle multiple aspects of the business every day -- juggling numbers, thoughts, ideas, and who knows what else. Even in short bursts, such activity can be extremely tiring and can rob a person of their energy in record time. An entrepreneur low on energy is more likely to miss out on an important detail or two, and that can spell disaster down the road.
3. Get a Personal Assistant
A personal assistant is there to make life easier for you and to sort out the little things, which is great since it lets you focus on the big issues instead. For as little as eight dollars per hour, you can hire someone who will perform basic tasks, such as making sure your bills get paid on time or doing your grocery shopping for you. If you develop a good relationship with your assistant and they prove trustworthy, you could even end up using them to sort through your email, so only important messages get your attention.
Depending on your situation, you might not even need your assistant to be in the same country. Virtual assistants can work well as researchers and email handlers from anywhere in the world.
4. Find Out When You Do Your Best Work, and Work Then
Each person has a different rhythm. Stephen King works in the morning and until noon. So did Henry Miller, who would work from morning till afternoon, spending evenings with friends. They understood they had a rhythm. Instead of fighting it, they embraced it fully.
You should do the same. Figure out when you do your best work. Make a chart if it helps. Once you figure out when the best ideas come and when you feel in the zone, work out your schedule so it coincides with your ideal work time.
5. Get a Maid
A clean workspace is a usable workspace. It's relatively easy to find people who can clean your house, wash your dishes, and cook. Those chores take time you could be spending on marketing a new product. Focus on making enough to afford to pay someone to clean your floors, while you ensure your financial independence and future.
When it's all said and done, it really boils down to this: You need to figure out which aspects of your life make the most money and which ones can be delegated. If it isn't worth your time, don't do it. It's as simple as that.
Saturday, November 16, 2013
Times They are a Changin'
If your business is planning to rebrand itself (whether through a name change, a new logo, a business merger, or some other means), remember the name and/or logo is not the only thing that changes. Rebranding can be a large-scale operation that involves effort from multiple departments. While your to-do list may seem endless, here are a few of the top items to consider to ensure your rebranding process runs smoothly:
- Create a list of all printed collateral that needs to be updated (such as letterhead, envelopes, business cards, flyers, brochures, labels, forms, notepads, and packaging). Give us a call anytime if you have questions about turnaround times, company colors, logo changes, quantity purchase discounts, or anything else related to your printing needs.
- Update your trade show booth, banners, posters, giveaways, company pens, name-tags, and other trade show related materials.
- Keep customers in the loop by mailing "we're changing our name" postcards, including a blurb in your newsletter, and providing social media mentions (among other things).
- Update employee bios. Add your new name to each employee's company bio to show the transition. For example, "Mark Davis has worked at XYZ Company since it was founded in 1989, when it was called ABC Company."
- Change your name and logo on invoices, accounting templates, quote preparation software, and other types of reporting software.
- If you're considering a web domain name change, make sure the new domain name is available before switching, and then set up your old web address to forward automatically to your new website to ensure a smooth transition.
- Update email addresses and consider using an auto-responder to remind people to update their email address books. Also update email signatures and inform readers your address will be changing so they can update their spam blockers -- especially if you send email newsletters.
- Ensure your phone service provider has the correct company name, so it shows up correctly on caller ID.
- Inform all professional organizations, business groups, subscription services, and other interested parties of your name change.
- Update on-hold marketing messages and voice mail messages. Consider using both names with a greeting such as: "Thanks for calling XYZ Company, formerly known as ABC Company."
Why Authenticity is the Key to Growing Your Business
When it comes to content marketing, you can try all the advertising, promotional, and PR ploys, but authenticity remains key. What is authenticity, you might ask? Simply stated, it means staying true to your business values: who you are, who you serve, and what you do. It may sound like a no-brainer, but very few companies are able to withstand internal pressures or external turbulence without losing their authenticity, according to a recent study.
How to apply authenticity
It all starts from the top, so set a vision that your company's personnel understand, embrace, and can implement. Then ensure that your "authenticity" motto aligns with your business goals, so you can clearly demonstrate to stakeholders such as investors and lenders that you have a growth strategy in place. Here's how to do that:
Be real
Sounds easy, right? But you'd be surprised how many companies lose their operational soul, delve into every sector deemed profitable, or adopt strategies that are counter to their mission. Define what your business does -- its mission and vision -- and stick to those core values.
Be charitable
Ever heard of something called "corporate social responsibility"? Well, CSR is one way an organization can give back to society-at-large and the communities in which it does business. Consumers love that, and it's a win-win for both the company and the aid recipients.
Be consistent
Don't give mixed messages that might lead to mistrust and confusion, both of which could make you lose customers down the road. Stay close to your values, mission, and vision as much as possible. For example, Apple's tagline is "Think different." All of the company's products and services somewhat match that slogan.
Back up what you say
To build trust and customer loyalty, your word must be credible. If you want to establish a solid reputation, make sure your company delivers on its operational commitments. For example, if "Maintain customer satisfaction 24/7" is your tagline, prove it to patrons in the way your handle things like complaints, merchandise delivery, and service quality.
Be responsive
The last thing you want is bad press, so don't let word-of-mouth tarnish the reputation you've spent years, if not decades, building and growing. Be quick in handling customer inquiries as well as questions from any other relevant party. Think regulators, business partners, activists, and consumer groups.
Respect privacy
Build solid privacy practices in the way your company operates, especially when it comes to archiving online data. In this age, everything business-related is kept on the "cloud," so make sure your cloud provider has implemented effective policies to safeguard your company's data, as well as your customers' private information.
Cultivate your client base
To grow your business, you must cultivate your clientele. These include your existing and past customers, along with a mishmash of interested parties ranging from prospects to social media followers. It's important to cultivate fans because, while some may be unable to buy your product or service today, they definitely will in the future. Plus, they'll encourage their friends to do the same.
Polish your reputation
Don't spare any opportunity to polish your reputation, establish authority in your industry, or seize on a good PR occasion. Being authentic also means burnishing that authenticity every now and then, so everyone will take notice, including your competitors.
How to apply authenticity
It all starts from the top, so set a vision that your company's personnel understand, embrace, and can implement. Then ensure that your "authenticity" motto aligns with your business goals, so you can clearly demonstrate to stakeholders such as investors and lenders that you have a growth strategy in place. Here's how to do that:
Be real
Sounds easy, right? But you'd be surprised how many companies lose their operational soul, delve into every sector deemed profitable, or adopt strategies that are counter to their mission. Define what your business does -- its mission and vision -- and stick to those core values.
Be charitable
Ever heard of something called "corporate social responsibility"? Well, CSR is one way an organization can give back to society-at-large and the communities in which it does business. Consumers love that, and it's a win-win for both the company and the aid recipients.
Be consistent
Don't give mixed messages that might lead to mistrust and confusion, both of which could make you lose customers down the road. Stay close to your values, mission, and vision as much as possible. For example, Apple's tagline is "Think different." All of the company's products and services somewhat match that slogan.
Back up what you say
To build trust and customer loyalty, your word must be credible. If you want to establish a solid reputation, make sure your company delivers on its operational commitments. For example, if "Maintain customer satisfaction 24/7" is your tagline, prove it to patrons in the way your handle things like complaints, merchandise delivery, and service quality.
Be responsive
The last thing you want is bad press, so don't let word-of-mouth tarnish the reputation you've spent years, if not decades, building and growing. Be quick in handling customer inquiries as well as questions from any other relevant party. Think regulators, business partners, activists, and consumer groups.
Respect privacy
Build solid privacy practices in the way your company operates, especially when it comes to archiving online data. In this age, everything business-related is kept on the "cloud," so make sure your cloud provider has implemented effective policies to safeguard your company's data, as well as your customers' private information.
Cultivate your client base
To grow your business, you must cultivate your clientele. These include your existing and past customers, along with a mishmash of interested parties ranging from prospects to social media followers. It's important to cultivate fans because, while some may be unable to buy your product or service today, they definitely will in the future. Plus, they'll encourage their friends to do the same.
Polish your reputation
Don't spare any opportunity to polish your reputation, establish authority in your industry, or seize on a good PR occasion. Being authentic also means burnishing that authenticity every now and then, so everyone will take notice, including your competitors.
Thursday, October 24, 2013
Your Competition Wants Your Customers
Competition is a part of business life. Some would argue that competition forces businesses to strive to get better at what they do for the fear of losing customers to rivals. Losing a few customers periodically is inevitable. However, losing too many (especially your best customers) must be avoided at all costs.
For most businesses, the top 20% of their customers account for 80% (or more) of their profits. While much thought and strategy typically go into bringing in new customers, not enough is spent on retaining existing customers. That's where the real gold lies.
It may be a little uncomfortable to think that some of your best customers might be looking at making a change, but it's something you must consider if you want to avoid having it become a reality. Everyone talks about taking care of their customers, but in many instances that's a phrase not truly backed up with action. To build a fence around your customers and keep them far away from the prying arms of your competitors, you mus truly care, protect, and guide them.
Gather customer feedback on an ongoing basis.
Most businesses put a lot of hard work into getting a new customer. But after they become a customer, little effort is put into nurturing that relationship. A customer should never be taken for granted.
It's easy to get wrapped up in the day-to-day operation of your business and lose touch with what's happening outside your doors in the marketplace. Phone calls and emails to customers can be a great way to communicate and stay connected. But to do it on a large scale can be unrealistic. Informative company newsletters and surveys can help keep your customers up-to-date and give them a way to express their needs and concerns. These efforts can provide an early warning system to catch a customer jumping ship before it happens.
Tell them what you do.
Your competitors will do anything to steal your customers, including promising the moon. You know that some of these are false claims or teasers to get their foot in the door. Some of your customers may not know that. Your job is not only to provide a great product and service but also to continually remind customers about the value you provide that your competitors can't match. If you don't tell them, no one else will either.
Informing your customers through educational marketing content is a powerful way to keep them engaged while differentiating your company as one that truly cares about their success (not just your own).
Where are the weaknesses?
To help plug the holes in your business, start thinking about things from your competitors' point of view. After all, they're always looking for any weaknesses they can exploit, so you should, too. That way, you can shore up your weak spots before they get out of hand and, in the process, strengthen your position in the marketplace.
To discover your weaknesses, talk with your customers. Ask them about the areas you could improve. Stay up-to-date with industry trends that could create a possible gap in your defenses, too. You can't buy every bit of technology as soon as it hits the market, but you can stay informed so you can address concerns with your customers when they arise. Sometimes the best defense is a good offense. Be proactive in your customer communication.
"There is only one boss: the customer. And he can fire everybody in the company, from the chairman on down, simply by spending his money somewhere else." ~ Sam Walton, Wal-Mart
Customer retention starts with providing great service and value. Getting to the top is hard work, but staying there requires just as much effort. Being aware of the competition while shoring up the weak areas in your business can go a long way in helping keep your customers coming back.
Monopolies and the lack of competition aren't in anyone's best interest. Keeping your best customers satisfied is. Use competition as a motivating factor to continually improve your services. Communicating with and showing appreciation for your customers will give you an invisible force field to keep the competition out of your backyard.
For most businesses, the top 20% of their customers account for 80% (or more) of their profits. While much thought and strategy typically go into bringing in new customers, not enough is spent on retaining existing customers. That's where the real gold lies.
It may be a little uncomfortable to think that some of your best customers might be looking at making a change, but it's something you must consider if you want to avoid having it become a reality. Everyone talks about taking care of their customers, but in many instances that's a phrase not truly backed up with action. To build a fence around your customers and keep them far away from the prying arms of your competitors, you mus truly care, protect, and guide them.
Gather customer feedback on an ongoing basis.
Most businesses put a lot of hard work into getting a new customer. But after they become a customer, little effort is put into nurturing that relationship. A customer should never be taken for granted.
It's easy to get wrapped up in the day-to-day operation of your business and lose touch with what's happening outside your doors in the marketplace. Phone calls and emails to customers can be a great way to communicate and stay connected. But to do it on a large scale can be unrealistic. Informative company newsletters and surveys can help keep your customers up-to-date and give them a way to express their needs and concerns. These efforts can provide an early warning system to catch a customer jumping ship before it happens.
Tell them what you do.
Your competitors will do anything to steal your customers, including promising the moon. You know that some of these are false claims or teasers to get their foot in the door. Some of your customers may not know that. Your job is not only to provide a great product and service but also to continually remind customers about the value you provide that your competitors can't match. If you don't tell them, no one else will either.
Informing your customers through educational marketing content is a powerful way to keep them engaged while differentiating your company as one that truly cares about their success (not just your own).
Where are the weaknesses?
To help plug the holes in your business, start thinking about things from your competitors' point of view. After all, they're always looking for any weaknesses they can exploit, so you should, too. That way, you can shore up your weak spots before they get out of hand and, in the process, strengthen your position in the marketplace.
To discover your weaknesses, talk with your customers. Ask them about the areas you could improve. Stay up-to-date with industry trends that could create a possible gap in your defenses, too. You can't buy every bit of technology as soon as it hits the market, but you can stay informed so you can address concerns with your customers when they arise. Sometimes the best defense is a good offense. Be proactive in your customer communication.
"There is only one boss: the customer. And he can fire everybody in the company, from the chairman on down, simply by spending his money somewhere else." ~ Sam Walton, Wal-Mart
Customer retention starts with providing great service and value. Getting to the top is hard work, but staying there requires just as much effort. Being aware of the competition while shoring up the weak areas in your business can go a long way in helping keep your customers coming back.
Monopolies and the lack of competition aren't in anyone's best interest. Keeping your best customers satisfied is. Use competition as a motivating factor to continually improve your services. Communicating with and showing appreciation for your customers will give you an invisible force field to keep the competition out of your backyard.
Why You Need Rituals in Your Business
If you've been in your business for any length of time, you've probably fallen into a routine set of habits that take up parts of every day.
The dictionary defines a habit as "an acquired behavior pattern regularly followed until it has become almost involuntary." Sound familiar?
You probably arrive at your office a certain time every day, maybe turn off the alarm, turn on the lights, make coffee, power up the computer, check emails, and so on. Some of these habits are positive, and some are negatives you're trying to overcome.
These habits are often random and don't require much thought or deliberate action. They blend into the day-to-day fabric of life.
A ritual is something quite different than a habit. A ritual is deliberate (not random) and carries with it a deeper meaning. A ritual is an act carried out on purpose with full consciousness that has a real reason behind it.
A parent reading to a child every night is a deliberate ritual that has meaning. The child will always remember it, and the act will help develop a love for books that will stay with them for the rest of their lives.
In our business world, we fall into habits. Some of the habits are unavoidable. To make a positive impact and institute real change, we need to add some rituals to our daily lives.
In the business world, there are two places where rituals can have a major impact: customers and employee relationships. Developing positive rituals for addressing both camps is crucial to success.
Harvey MacKay, the author of Swim With the Sharks Without Being Eaten Alive, owned an envelope printing company. Mr. MacKay grew a bankrupt company into a $100 million enterprise by developing a ritual of learning more about his prospects, customers, and employees than any of his competitors did.
He eventually developed a ritual that was the key to his success. This ritual involved compiling highly detailed customer profiles consisting of 66 questions covering every aspect of their lives -- from business to personal, family to social, and everything in-between. He made it a mission to learn as much as he could about the people who did business with his company.
"Knowing something about your customer is just as important as knowing everything about your product." ~ Harvey MacKay
One of the common characteristics of successful people in many walks of life is their keen observational skills. They study the people around them, noticing qualities and human nature. Some of us, unfortunately, walk around with our eyes half closed while performing mindless habits.
Three Elements of a Ritual
When - What time are you going to act?
Where - Where will this happen?
How - In what manner will this occur?
Meaningful rituals can have a real and positive effect in our lives. The kind of ritual you need will depend on the type of impact and change you hope to make. Success depends on action. Select one meaningful ritual you will institute now. That one ritual could be the difference between dreading another day of mindless habits versus looking forward to a day of making a difference in the world.
The dictionary defines a habit as "an acquired behavior pattern regularly followed until it has become almost involuntary." Sound familiar?
You probably arrive at your office a certain time every day, maybe turn off the alarm, turn on the lights, make coffee, power up the computer, check emails, and so on. Some of these habits are positive, and some are negatives you're trying to overcome.
These habits are often random and don't require much thought or deliberate action. They blend into the day-to-day fabric of life.
A ritual is something quite different than a habit. A ritual is deliberate (not random) and carries with it a deeper meaning. A ritual is an act carried out on purpose with full consciousness that has a real reason behind it.
A parent reading to a child every night is a deliberate ritual that has meaning. The child will always remember it, and the act will help develop a love for books that will stay with them for the rest of their lives.
In our business world, we fall into habits. Some of the habits are unavoidable. To make a positive impact and institute real change, we need to add some rituals to our daily lives.
In the business world, there are two places where rituals can have a major impact: customers and employee relationships. Developing positive rituals for addressing both camps is crucial to success.
Harvey MacKay, the author of Swim With the Sharks Without Being Eaten Alive, owned an envelope printing company. Mr. MacKay grew a bankrupt company into a $100 million enterprise by developing a ritual of learning more about his prospects, customers, and employees than any of his competitors did.
He eventually developed a ritual that was the key to his success. This ritual involved compiling highly detailed customer profiles consisting of 66 questions covering every aspect of their lives -- from business to personal, family to social, and everything in-between. He made it a mission to learn as much as he could about the people who did business with his company.
"Knowing something about your customer is just as important as knowing everything about your product." ~ Harvey MacKay
One of the common characteristics of successful people in many walks of life is their keen observational skills. They study the people around them, noticing qualities and human nature. Some of us, unfortunately, walk around with our eyes half closed while performing mindless habits.
Three Elements of a Ritual
When - What time are you going to act?
Where - Where will this happen?
How - In what manner will this occur?
Meaningful rituals can have a real and positive effect in our lives. The kind of ritual you need will depend on the type of impact and change you hope to make. Success depends on action. Select one meaningful ritual you will institute now. That one ritual could be the difference between dreading another day of mindless habits versus looking forward to a day of making a difference in the world.
Increase Sales Through Holiday Promotions
One of the toughest parts of marketing and advertising is discovering creative, new ways to promote your business. It can be hard and frustrating work.
One way to tackle this problem is to look for reasons to run a promotional campaign. Holiday promotions are a great example of this strategy at work.
Holidays are a perfect excuse to promote your business. There are the popular holidays like Halloween, Thanksgiving, Black Friday, and Small Business Saturday. There are even some not-so-popular holidays. Whatever the occasion, here are some ideas to start taking advantage of this powerful marketing opportunity.
Create a Holiday Marketing Calendar
We're all busy running our companies. Planning and creating a holiday theme promotion takes time. It's easy to put it aside for later, but we all know "later" may never come. One of the best ways to remind yourself and not let a holiday pass without promoting your business is to create a calendar specifically for holiday marketing.
Purchase a wall calendar that shows all 12 months. Take a few minutes and mark the holidays you may want to promote. Place the calendar in a prominent spot, so it will serve as a constant reminder of upcoming holiday promotional opportunities.
Thinking Cap and Promotion Time
Once you decide which holidays to promote, it's time to plan and implement. Start the process early enough so you don't have to rush and send out something not well thought out. Creative promos and copy, graphic design elements, and the offer itself are the seeds for the holiday campaign.
Ideas to hit it out of the park with your holiday promotion
Make it Relevant -- Remember that your prospects and customers see many promotional offers every day. Make your offer stand out by tying into the holiday theme, while at the same time making a strong case why the recipient should take action on your promotion.
Personalize -- Many holiday promotions are generic, which lowers the chance for success. One way of adding a personal touch to your campaign is through variable data printing. Everyone likes to feel as though you've made an extra effort on their behalf. Personalization can help show that you care.
Smart Design -- Let your visuals do the talking. Use a clean and clear design to tell the story. Choose what you want to promote, and let it stand apart by not cluttering or overcrowding the graphic layout.
Make your call-to-action a strong one -- Tell your prospects exactly what you want them to do next. Should they call you? Visit your store? Go to your website? Be clear and spell it out to make it easy for them.
Now it's time to let the world know about your promotion. Direct mail postcards, print and email newsletters, signs, and social media posts are just some of the ways you can publicize your campaign.
The holidays are already in your prospects' minds, so a holiday-themed promotion has a much better chance of getting noticed. You can leverage fun, creative themes associated with each holiday.
Holidays also give you a reason to offer a temporary discount or special offer with a logical end date.
Holidays are typically a fun and festive time. They can be even more fun when customers spend their money buying what you sell! So put your thinking caps on, and don't let another holiday go by without capitalizing on the opportunity for some creative holiday promotions to grow your business.
One way to tackle this problem is to look for reasons to run a promotional campaign. Holiday promotions are a great example of this strategy at work.
Holidays are a perfect excuse to promote your business. There are the popular holidays like Halloween, Thanksgiving, Black Friday, and Small Business Saturday. There are even some not-so-popular holidays. Whatever the occasion, here are some ideas to start taking advantage of this powerful marketing opportunity.
Create a Holiday Marketing Calendar
We're all busy running our companies. Planning and creating a holiday theme promotion takes time. It's easy to put it aside for later, but we all know "later" may never come. One of the best ways to remind yourself and not let a holiday pass without promoting your business is to create a calendar specifically for holiday marketing.
Purchase a wall calendar that shows all 12 months. Take a few minutes and mark the holidays you may want to promote. Place the calendar in a prominent spot, so it will serve as a constant reminder of upcoming holiday promotional opportunities.
Thinking Cap and Promotion Time
Once you decide which holidays to promote, it's time to plan and implement. Start the process early enough so you don't have to rush and send out something not well thought out. Creative promos and copy, graphic design elements, and the offer itself are the seeds for the holiday campaign.
Ideas to hit it out of the park with your holiday promotion
Make it Relevant -- Remember that your prospects and customers see many promotional offers every day. Make your offer stand out by tying into the holiday theme, while at the same time making a strong case why the recipient should take action on your promotion.
Personalize -- Many holiday promotions are generic, which lowers the chance for success. One way of adding a personal touch to your campaign is through variable data printing. Everyone likes to feel as though you've made an extra effort on their behalf. Personalization can help show that you care.
Smart Design -- Let your visuals do the talking. Use a clean and clear design to tell the story. Choose what you want to promote, and let it stand apart by not cluttering or overcrowding the graphic layout.
Make your call-to-action a strong one -- Tell your prospects exactly what you want them to do next. Should they call you? Visit your store? Go to your website? Be clear and spell it out to make it easy for them.
Now it's time to let the world know about your promotion. Direct mail postcards, print and email newsletters, signs, and social media posts are just some of the ways you can publicize your campaign.
The holidays are already in your prospects' minds, so a holiday-themed promotion has a much better chance of getting noticed. You can leverage fun, creative themes associated with each holiday.
Holidays also give you a reason to offer a temporary discount or special offer with a logical end date.
Holidays are typically a fun and festive time. They can be even more fun when customers spend their money buying what you sell! So put your thinking caps on, and don't let another holiday go by without capitalizing on the opportunity for some creative holiday promotions to grow your business.
Saturday, October 12, 2013
Be the Expert Your Customers Need
Many businesses thrive on the expertise of their owners, operators, or managers. This is particularly true of small businesses, especially service businesses. A great way to increase your business volume and increase the perceived value of your products and services is to communicate your expertise within your community.
What Is Content Marketing?
A lot of people think content marketing is a new, revolutionary theory. Really, though, it's based on the age-old principles of customer service. As you know, your customers lack your expertise. Traditionally, customers would come to you for advice, just like you would go to your printer for advice. You would then give them the information they needed to buy the right products and services to solve their problems. As the provider of that information, you would also get the sale.
The Internet changed that. Fewer people are willing to go into a store to get the information they need. They're more likely to go online and seek out the answers to their questions. The information they want is available in the form of content. Content may be written or presented in an audiovisual form. That content is branded with the business identity of whoever created the content.
This is content marketing. If you're providing the content in your business area, then you'll be the person customers come to when they're ready to act on the information you provide. The key is branding your content and distributing it to your local audience.
How Does Content Marketing Help Your Business?
Your customers probably take your expertise for granted. Whether you style their hair or repair their appliances, the quality you provide to your customers is dependent on your expertise. Yet customers don't tend to notice unless the job is done poorly.
Imagine for a moment what could happen if these same customers understood the level of expertise you provide and actually valued your input. Imagine if you used your expertise to reveal product and service options your customers didn't realize were possible. Imagine who they'd come to in order to get what they wanted.
That's how content marketing helps your business. You not only have the opportunity to establish your expertise in the minds of your customers, but you also have the opportunity to establish new needs and wants in their minds. It's better than advertising or sales, because your customers don't feel pressured. Yet, from your perspective, the effect is the same, because you're the one they'll want to come to in order to get the expert service only you can provide.
How Do You Provide Content?
In order to use content marketing to establish your expertise, you need to create and brand content that will add value for your customers. Consider what you think your customers should know and then create the content that provides them with that information in an attractive and engaging way.
You don't even have to create the content yourself! There are businesses that specialize in creating content. You can find them pretty easily using the Internet. The key isn't who creates the content, but how it is branded and how it reflects your expertise.
Once your content is created, you have to distribute it to your customers. You can create a blog or a YouTube account and post your content online. You can use social media and e-mail to draw attention to your content. You could also create your own newsletter and mail or e-mail it directly to your customers. If you'd prefer to stick to print, you can use your content to create brochures, flyers, and booklets. Then, simply include your content when you mail invoices or other items.
The important thing is to get your content in the hands of your customers.
What Is Content Marketing?
A lot of people think content marketing is a new, revolutionary theory. Really, though, it's based on the age-old principles of customer service. As you know, your customers lack your expertise. Traditionally, customers would come to you for advice, just like you would go to your printer for advice. You would then give them the information they needed to buy the right products and services to solve their problems. As the provider of that information, you would also get the sale.
The Internet changed that. Fewer people are willing to go into a store to get the information they need. They're more likely to go online and seek out the answers to their questions. The information they want is available in the form of content. Content may be written or presented in an audiovisual form. That content is branded with the business identity of whoever created the content.
This is content marketing. If you're providing the content in your business area, then you'll be the person customers come to when they're ready to act on the information you provide. The key is branding your content and distributing it to your local audience.
How Does Content Marketing Help Your Business?
Your customers probably take your expertise for granted. Whether you style their hair or repair their appliances, the quality you provide to your customers is dependent on your expertise. Yet customers don't tend to notice unless the job is done poorly.
Imagine for a moment what could happen if these same customers understood the level of expertise you provide and actually valued your input. Imagine if you used your expertise to reveal product and service options your customers didn't realize were possible. Imagine who they'd come to in order to get what they wanted.
That's how content marketing helps your business. You not only have the opportunity to establish your expertise in the minds of your customers, but you also have the opportunity to establish new needs and wants in their minds. It's better than advertising or sales, because your customers don't feel pressured. Yet, from your perspective, the effect is the same, because you're the one they'll want to come to in order to get the expert service only you can provide.
How Do You Provide Content?
In order to use content marketing to establish your expertise, you need to create and brand content that will add value for your customers. Consider what you think your customers should know and then create the content that provides them with that information in an attractive and engaging way.
You don't even have to create the content yourself! There are businesses that specialize in creating content. You can find them pretty easily using the Internet. The key isn't who creates the content, but how it is branded and how it reflects your expertise.
Once your content is created, you have to distribute it to your customers. You can create a blog or a YouTube account and post your content online. You can use social media and e-mail to draw attention to your content. You could also create your own newsletter and mail or e-mail it directly to your customers. If you'd prefer to stick to print, you can use your content to create brochures, flyers, and booklets. Then, simply include your content when you mail invoices or other items.
The important thing is to get your content in the hands of your customers.
The One Important Lesson From Harry Potter
J.K. Rowling is the British author of the popular Harry Potter fantasy book series. A net worth of more than a billion dollars makes her one of the richest women in Great Britain (richer than the Queen!).
In a recent interview, Rowling revealed an interesting fact about the series. She was rejected 12 times by publishers before finally getting her book accepted. Yet, even though her first book had not been accepted, she still did something that many never do: She knew exactly what the ending of the series would be.
Rowling wrote the final chapter of the final book in her series, so she knew how the series and the story would end. That helped lead her to logically fill in all the plot lines and action sequences to get to the conclusion.
"Start with the end in mind." ~ Stephen R. Covey
In our business and personal lives, we rarely know what the end game should be or what it would look like, as clearly as J.K. Rowling did with her Harry Potter story. As a result, it's not surprising that businesses struggle and projects go sideways.
The lack of goals or the desire to get things done are typically not to blame. Instead, the culprit and missing ingredient is most likely a clear vision of what the ending will be.
In a business ownership example, that might mean knowing the exit plan of selling the business. In managing a project, it might mean knowing exactly what the finished product will look like. In a weight loss example, it might mean knowing what you want the new you to look and feel like.
Human Nature
Human nature is the common quality of all human beings. People behave according to certain specific principles of human nature. Whether leading a company, a group, or even ourselves, we need to understand what motivates and moves us to the end goal.
Every January, every week, and every day, goals are set by wonderful people with the best of intentions. Yet only a dismal percentage of these lofty (or even mundane) goals are ever accomplished. This often leads to abandonment of dreams and higher aspirations.
The desire to do what it takes is not something that's easily manufactured. Great leaders know how to lead movements, nations, and countries by tapping into human psychology in ways that others don't. These leaders know that real action, progress, and momentum only come when a highly desired end result is clearly laid out.
On May 25, 1961, President John F. Kennedy presented a historic challenge to the people of the United States. He set a goal of putting a man on the moon and returning him safely to Earth before the decade was over. His dramatic speech galvanized a whole nation and resulted in Neil Armstrong touching the lunar surface on July 20, 1969.
Steve Jobs had a clear vision for Apple and each of the products the company would roll out to revolutionize entrenched and established industries. There are numerous examples of other great leaders of companies, nations, and movements who made a big impact on society. The one common theme: they knew how to clearly articulate the vision and end result in ways that resonated.
"Life can only be understood backwards; but it must be lived forwards." ~ Soren Kierkegaard
J.K. Rowling sat in the coffee shops of England as a struggling single mother writing her Harry Potter stories. There were many things she could not have known about what the future would hold for her. But there was one thing she did know that drove her forward despite all the negativity and obstacles: how her story would end. Not everyone can write Harry Potter books, but we all can get much clearer about how our own stories should end. If we can do that, maybe there will be rewards much greater than the billion dollars J.K. Rowling has earned.
In a recent interview, Rowling revealed an interesting fact about the series. She was rejected 12 times by publishers before finally getting her book accepted. Yet, even though her first book had not been accepted, she still did something that many never do: She knew exactly what the ending of the series would be.
Rowling wrote the final chapter of the final book in her series, so she knew how the series and the story would end. That helped lead her to logically fill in all the plot lines and action sequences to get to the conclusion.
"Start with the end in mind." ~ Stephen R. Covey
In our business and personal lives, we rarely know what the end game should be or what it would look like, as clearly as J.K. Rowling did with her Harry Potter story. As a result, it's not surprising that businesses struggle and projects go sideways.
The lack of goals or the desire to get things done are typically not to blame. Instead, the culprit and missing ingredient is most likely a clear vision of what the ending will be.
In a business ownership example, that might mean knowing the exit plan of selling the business. In managing a project, it might mean knowing exactly what the finished product will look like. In a weight loss example, it might mean knowing what you want the new you to look and feel like.
Human Nature
Human nature is the common quality of all human beings. People behave according to certain specific principles of human nature. Whether leading a company, a group, or even ourselves, we need to understand what motivates and moves us to the end goal.
Every January, every week, and every day, goals are set by wonderful people with the best of intentions. Yet only a dismal percentage of these lofty (or even mundane) goals are ever accomplished. This often leads to abandonment of dreams and higher aspirations.
The desire to do what it takes is not something that's easily manufactured. Great leaders know how to lead movements, nations, and countries by tapping into human psychology in ways that others don't. These leaders know that real action, progress, and momentum only come when a highly desired end result is clearly laid out.
On May 25, 1961, President John F. Kennedy presented a historic challenge to the people of the United States. He set a goal of putting a man on the moon and returning him safely to Earth before the decade was over. His dramatic speech galvanized a whole nation and resulted in Neil Armstrong touching the lunar surface on July 20, 1969.
Steve Jobs had a clear vision for Apple and each of the products the company would roll out to revolutionize entrenched and established industries. There are numerous examples of other great leaders of companies, nations, and movements who made a big impact on society. The one common theme: they knew how to clearly articulate the vision and end result in ways that resonated.
"Life can only be understood backwards; but it must be lived forwards." ~ Soren Kierkegaard
J.K. Rowling sat in the coffee shops of England as a struggling single mother writing her Harry Potter stories. There were many things she could not have known about what the future would hold for her. But there was one thing she did know that drove her forward despite all the negativity and obstacles: how her story would end. Not everyone can write Harry Potter books, but we all can get much clearer about how our own stories should end. If we can do that, maybe there will be rewards much greater than the billion dollars J.K. Rowling has earned.
Is Guerrilla Marketing Dead?
You may think guerrilla marketing is dead, but really it's evolved with the times. If you haven't done the same, then you need to take a leap forward to get the most impact from your marketing dollars.
What is Guerrilla Marketing?
Jay Conrad Levinson coined the term guerrilla marketing in 1984 with the release of his book, Guerrilla Advertising. In military terms, guerrilla refers to an unconventional form of warfare used by armed civilians, often against a force with superior numbers and weaponry. It relies on surprise, sabotage, and the ability to hide among a crowd. Guerrilla marketing is a take on advertising that uses similar tactics to gain attention.
The primary advantage of guerrilla marketing is its ability to increase a marketer's impact using less costly resources than traditional advertising. It relies on high energy, imagination, and ingenuity. The idea is to take your customers by surprise, make a lasting impression, and create the kind of buzz that gets people talking.
The following two examples will help you wrap your mind around this strategy:
1) A new, locally based beverage company posted creative flyers on light poles and other public structures all around town. These flyers looked more like graffiti than advertising. Nobody even knew what it was all about, but the images stayed in their minds. After approximately three months of bombarding the public with these images, a billboard was displayed which used the same images, but also identified the company and the product. A brand was created before anyone knew what the brand was for. This is guerrilla marketing.
2) Compare this to a strategy used by a national research organization. They created billboards and took out full-page magazine ads that compared a neurological disorder with child abduction. These fundraising advertisements included the organization's name and contact information. The shock factor backfired and complainants formed organized protests. This isn't guerrilla marketing. It's simply disrespectful and in poor taste. There is a difference.
How Has Guerrilla Marketing Evolved?
If you visit Jay's site, you'll see that guerrilla marketing is alive and well and evolving with the times. Guerrilla marketing is online -- and you should be, too. Guerrilla marketing values permission-based marketing strategies -- and you should, too. Guerrilla marketing uses popular culture to make an impression -- and you should, too. Guerrilla marketing emphasizes ethical communications that are also creative and unique. And that's exactly what you need!
When guerrilla marketing first became a hit, consumers were inundated with "professional" advertisements on television, radio, magazines, and newspapers. Now, it seems anywhere and everywhere we turn we encounter ads -- they're even in public restrooms! If we were numb before, we're deadened now.
Advertising and "traditional" marketing just doesn't have the impact it should for the dollars companies spend. And it's no wonder when there's so much advertising in so many places that it seems we never get a break from it. Guerrilla marketing breaks through all that clutter by being different. Not just different from your competitors, but different from its own past.
How Can You Use Guerrilla Marketing?
You can use guerrilla marketing to get the scattered attention of your target customers by becoming a bit more creative in the ways you reach out to them. Surprise them. Capture their interest. Offer something of real value.
Remember guerrilla warfare. You can't rush success. Guerrillas knew that. Civilians battling a superior force with superior arms would spend years, decades, even generations fighting for what they believed in with whatever means they had. Take a lesson from them.
First, know that your business is worth fighting for. Second, you won't win the success you want instantly. Third, you need to build your credibility with your target audience (i.e. the civilians you're saving), not with your competitors (i.e. the superior force).
With these three things in mind, break out of the marketing box you've fallen into and prioritize communicating with your customers. Surprise them with how helpful, genuine, and trustworthy you can be. Sabotage the competition by offering a better value with better intentions. Don't be afraid to blend in and mingle with your customers. After all, they are the only ones who really matter. Be one of them. Help them. Build a future with them.
This isn't a battle for sovereignty or freedom. It's a battle for the hearts and minds of your customers. The secret isn't a parlor trick or a timely fad. You can't take their trust. They have to give it to you. You have to earn your customers' trust. If you can do that, then you can evolve into the future with them right by your side.
What is Guerrilla Marketing?
Jay Conrad Levinson coined the term guerrilla marketing in 1984 with the release of his book, Guerrilla Advertising. In military terms, guerrilla refers to an unconventional form of warfare used by armed civilians, often against a force with superior numbers and weaponry. It relies on surprise, sabotage, and the ability to hide among a crowd. Guerrilla marketing is a take on advertising that uses similar tactics to gain attention.
The primary advantage of guerrilla marketing is its ability to increase a marketer's impact using less costly resources than traditional advertising. It relies on high energy, imagination, and ingenuity. The idea is to take your customers by surprise, make a lasting impression, and create the kind of buzz that gets people talking.
The following two examples will help you wrap your mind around this strategy:
1) A new, locally based beverage company posted creative flyers on light poles and other public structures all around town. These flyers looked more like graffiti than advertising. Nobody even knew what it was all about, but the images stayed in their minds. After approximately three months of bombarding the public with these images, a billboard was displayed which used the same images, but also identified the company and the product. A brand was created before anyone knew what the brand was for. This is guerrilla marketing.
2) Compare this to a strategy used by a national research organization. They created billboards and took out full-page magazine ads that compared a neurological disorder with child abduction. These fundraising advertisements included the organization's name and contact information. The shock factor backfired and complainants formed organized protests. This isn't guerrilla marketing. It's simply disrespectful and in poor taste. There is a difference.
How Has Guerrilla Marketing Evolved?
If you visit Jay's site, you'll see that guerrilla marketing is alive and well and evolving with the times. Guerrilla marketing is online -- and you should be, too. Guerrilla marketing values permission-based marketing strategies -- and you should, too. Guerrilla marketing uses popular culture to make an impression -- and you should, too. Guerrilla marketing emphasizes ethical communications that are also creative and unique. And that's exactly what you need!
When guerrilla marketing first became a hit, consumers were inundated with "professional" advertisements on television, radio, magazines, and newspapers. Now, it seems anywhere and everywhere we turn we encounter ads -- they're even in public restrooms! If we were numb before, we're deadened now.
Advertising and "traditional" marketing just doesn't have the impact it should for the dollars companies spend. And it's no wonder when there's so much advertising in so many places that it seems we never get a break from it. Guerrilla marketing breaks through all that clutter by being different. Not just different from your competitors, but different from its own past.
How Can You Use Guerrilla Marketing?
You can use guerrilla marketing to get the scattered attention of your target customers by becoming a bit more creative in the ways you reach out to them. Surprise them. Capture their interest. Offer something of real value.
Remember guerrilla warfare. You can't rush success. Guerrillas knew that. Civilians battling a superior force with superior arms would spend years, decades, even generations fighting for what they believed in with whatever means they had. Take a lesson from them.
First, know that your business is worth fighting for. Second, you won't win the success you want instantly. Third, you need to build your credibility with your target audience (i.e. the civilians you're saving), not with your competitors (i.e. the superior force).
With these three things in mind, break out of the marketing box you've fallen into and prioritize communicating with your customers. Surprise them with how helpful, genuine, and trustworthy you can be. Sabotage the competition by offering a better value with better intentions. Don't be afraid to blend in and mingle with your customers. After all, they are the only ones who really matter. Be one of them. Help them. Build a future with them.
This isn't a battle for sovereignty or freedom. It's a battle for the hearts and minds of your customers. The secret isn't a parlor trick or a timely fad. You can't take their trust. They have to give it to you. You have to earn your customers' trust. If you can do that, then you can evolve into the future with them right by your side.
Direct Mail Is Alive and Well, Thank You
Marketing fads come and go. Marketers today have a bewildering array of choices never seen before. Consequently, busy business owners don't always know who to listen to in order to find what is working most effectively right now. Everyone can claim their systems and tools are the secret to a never-ending stream of prospects and customers.
Is Direct Mail Worth Exploring For Your Business?
Have you noticed that many of the Internet companies (like Google, among others) have been increasingly turning to direct mail to advertise their services? The reason is that old school direct mail worked long before the Internet and has been working for smart marketing in businesses all along. It just happened not to be the flavor of the day, thereby not getting much attention.
Now that the furor and publicity surrounding the "free" aspect of social media marketing has settled into the reality that free doesn't necessarily equal real customers, smart marketers are looking for real campaigns that result in real customers.
Living Together in Harmony
Leveraging one proven marketing channel is great, but taking advantage of two or more is better. As effective as one channel may be, you limit the potential impact when using a single platform. With an integrated marketing strategy, you position yourself to maximize the real potential of your campaign.
The truth is that direct mail can still deliver real results when done correctly. In fact, direct mail works even better when coupled with email marketing and Internet marketing. When coupled with other channels, direct mail has the capacity to be even more targeted, personalized, and effective than when any of these channels are implemented alone.
To make this work and deliver results, it's very important that the messaging and branding be consistent across all the channels you use. The logo, tag line, messaging, design, and colors used in one campaign should be reinforced across all media to generate stronger results and a more powerful impression. Consistency allows each campaign to feed off the other and deliver a bigger bang for the investment.
This is how big brands are able to leverage the power of multimedia messaging. Today, with the availability of affordable, short-run digital printing, you don't need a large budget. It's realistic and available for businesses of all sizes.
An example of a campaign that works extremely well is a new customer campaign. Nothing shows appreciation like a nicely designed, professional-looking direct mail piece delivered to your new customer soon after they become a client. People know that an email costs nothing to send but that a direct mail piece has a real cost.
Now you can follow that up with some informative emails to educate your new customer about how you can help them solve their problems. In the emails and direct mail pieces, ask your new customer to also connect with your brand on social media. Now you can further develop a bond with your new customer by sharing your values and core messages across all media.
Marketing success is about momentum. An integrated, multidimensional campaign, implemented consistently throughout the year, keeps the marketing ball rolling forward. This allows your business to be fresh on prospects' minds when they're ready to buy. The more consistent your brand, marketing message, and integrated approach, the better your results will be.
Your customers consume information in different ways. You can't guess or assume one is better than another. Showing up in the physical mailbox, in their email inbox, and on the web assures that your brand is leaving no stone unturned. Having an integrated marketing strategy assures your business will be seen and heard. If just showing up is half the battle, then implementing this multidimensional approach is your call to action to make yourself ready for new customers on the business battlefield.
Is Direct Mail Worth Exploring For Your Business?
Have you noticed that many of the Internet companies (like Google, among others) have been increasingly turning to direct mail to advertise their services? The reason is that old school direct mail worked long before the Internet and has been working for smart marketing in businesses all along. It just happened not to be the flavor of the day, thereby not getting much attention.
Now that the furor and publicity surrounding the "free" aspect of social media marketing has settled into the reality that free doesn't necessarily equal real customers, smart marketers are looking for real campaigns that result in real customers.
Living Together in Harmony
Leveraging one proven marketing channel is great, but taking advantage of two or more is better. As effective as one channel may be, you limit the potential impact when using a single platform. With an integrated marketing strategy, you position yourself to maximize the real potential of your campaign.
The truth is that direct mail can still deliver real results when done correctly. In fact, direct mail works even better when coupled with email marketing and Internet marketing. When coupled with other channels, direct mail has the capacity to be even more targeted, personalized, and effective than when any of these channels are implemented alone.
To make this work and deliver results, it's very important that the messaging and branding be consistent across all the channels you use. The logo, tag line, messaging, design, and colors used in one campaign should be reinforced across all media to generate stronger results and a more powerful impression. Consistency allows each campaign to feed off the other and deliver a bigger bang for the investment.
This is how big brands are able to leverage the power of multimedia messaging. Today, with the availability of affordable, short-run digital printing, you don't need a large budget. It's realistic and available for businesses of all sizes.
An example of a campaign that works extremely well is a new customer campaign. Nothing shows appreciation like a nicely designed, professional-looking direct mail piece delivered to your new customer soon after they become a client. People know that an email costs nothing to send but that a direct mail piece has a real cost.
Now you can follow that up with some informative emails to educate your new customer about how you can help them solve their problems. In the emails and direct mail pieces, ask your new customer to also connect with your brand on social media. Now you can further develop a bond with your new customer by sharing your values and core messages across all media.
Marketing success is about momentum. An integrated, multidimensional campaign, implemented consistently throughout the year, keeps the marketing ball rolling forward. This allows your business to be fresh on prospects' minds when they're ready to buy. The more consistent your brand, marketing message, and integrated approach, the better your results will be.
Your customers consume information in different ways. You can't guess or assume one is better than another. Showing up in the physical mailbox, in their email inbox, and on the web assures that your brand is leaving no stone unturned. Having an integrated marketing strategy assures your business will be seen and heard. If just showing up is half the battle, then implementing this multidimensional approach is your call to action to make yourself ready for new customers on the business battlefield.
Monday, September 30, 2013
Be Your Business
Every business would like to grow sales and profits. The future of the business and the livelihood of its employees depend on it. So, as business owners, we go to networking events, make phone calls, send out mailers, and even spend time on social media. Yet growing the business is never as easy or simple as that.
Making prospects aware of your products and services is important. If you don't do it, no one else will. But that's only one part of the equation. There's something far more important that needs to be done first.
When a doctor goes into surgery, steps must be taken beforehand to prepare the patient. No patient would want the doctor to arrive on the day of surgery and begin poking holes and cutting skin at random to find the issue causing the problem. Yet many businesses go about prospecting and looking for new customers in the haphazard way of the unprepared surgeon.
To win more business, first you must isolate the pain points. What's the problem your business can solve for your prospect? The more descriptive and specific you can describe the pain, the better. Yes, it takes a little effort to find specific problems for each type of potential customer, but you should notice trends and common traits you can use to attract a wider group of prospects.
After you've identified the major pain points, you can present the solution your business provides to solve the problem. Now it's time to communicate this message.
Having a focused message before you market helps attract and retain the types of customers you want in the first place. The tighter the message, the better return you'll get on your marketing spend.
Not many prospects care how many years you've been in business, how pretty the customer lobby is, or how incredibly innovative and cool your brochure or website look. Your prospects care about themselves. They worry about their problems. Outline what those issues are, and then tell them how you will make their problems disappear.
Oftentimes, your prospect may not even be aware of the problem. It's your job to show them. Maybe you can save them time or money solving a problem they didn't even know about. This is how you can make your print communication and all your other marketing messages more powerful. Identify the pain and show them how you can make their lives better by engaging your business.
It's your knowledge and awareness of specific problems that will earn the trust of your prospect. Customers are attracted to businesses that best educate, communicate, and present expertise in the problems they want to solve. The best way you can do that is to not just represent your business but BE your business.
Being your business essentially means focusing on your brand and what it communicates to your marketplace. Your brand is more about your message than your logo. It's more about content than design. Once you have your message finely tuned to what your audience is seeking from your business, only then will prospecting and growing your business feel like swimming with the current rather than against it.
Making prospects aware of your products and services is important. If you don't do it, no one else will. But that's only one part of the equation. There's something far more important that needs to be done first.
When a doctor goes into surgery, steps must be taken beforehand to prepare the patient. No patient would want the doctor to arrive on the day of surgery and begin poking holes and cutting skin at random to find the issue causing the problem. Yet many businesses go about prospecting and looking for new customers in the haphazard way of the unprepared surgeon.
To win more business, first you must isolate the pain points. What's the problem your business can solve for your prospect? The more descriptive and specific you can describe the pain, the better. Yes, it takes a little effort to find specific problems for each type of potential customer, but you should notice trends and common traits you can use to attract a wider group of prospects.
After you've identified the major pain points, you can present the solution your business provides to solve the problem. Now it's time to communicate this message.
Having a focused message before you market helps attract and retain the types of customers you want in the first place. The tighter the message, the better return you'll get on your marketing spend.
Not many prospects care how many years you've been in business, how pretty the customer lobby is, or how incredibly innovative and cool your brochure or website look. Your prospects care about themselves. They worry about their problems. Outline what those issues are, and then tell them how you will make their problems disappear.
Oftentimes, your prospect may not even be aware of the problem. It's your job to show them. Maybe you can save them time or money solving a problem they didn't even know about. This is how you can make your print communication and all your other marketing messages more powerful. Identify the pain and show them how you can make their lives better by engaging your business.
It's your knowledge and awareness of specific problems that will earn the trust of your prospect. Customers are attracted to businesses that best educate, communicate, and present expertise in the problems they want to solve. The best way you can do that is to not just represent your business but BE your business.
Being your business essentially means focusing on your brand and what it communicates to your marketplace. Your brand is more about your message than your logo. It's more about content than design. Once you have your message finely tuned to what your audience is seeking from your business, only then will prospecting and growing your business feel like swimming with the current rather than against it.
Tuesday, September 24, 2013
Give Them Something They Can Believe In
In an increasingly noisy world, people are looking for businesses to believe in. The business world is filled with hype, over-commercialization, and marketing nobody can believe. Fortunately, there's one simple, yet overlooked way your business can stand apart from the muddled masses: by having a strong company vision statement.
A strong vision statement isn't just for putting on the walls of the company lobby or the back of business cards. It clearly communicates that this business lives what it preaches.
Why having a clear business vision is important
Vision starts with a belief... specifically the belief that your business exists to make a difference in the world. The specifics of that belief could be simple or more complex, but whatever your vision, it must clearly state the core values and purpose of why your business exists and what it wants to accomplish.
A vision is an ideal your company strives to achieve. There are many benefits to creating a company vision. But first and foremost, a clearly written and communicated vision helps define your company's values and guide the behavior of all employees.
A vision statement acts as the guide and cornerstone for everything you do. It needs to be specific enough to say what you will do but can also state what you will not do.
Without a clear vision, a business can drift aimlessly from task to task without understanding the purpose of the organization and the destination it wants to reach.
Here are three guidelines for creating a vision or evaluating your current one:
A strong vision identifies the core values of the business, understands the purpose of the business, and envisions the future of the business. Often you can immediately identify a company that has a clear sense of purpose and vision from ones that don't. A motivated team working together creates a positive energy not seen in aimless businesses. A clear, memorable, and effective vision points everyone toward a common goal of making a difference in the lives of those being served.
A stimulating vision compels everyone to act, to change, and to become something that stands out in a skeptical world of me-too imitators. You can attract customers by hiring a guy in a clown costume to hold a sale sign in front of your building, or you can gain customers by providing out-of-this-world service from motivated employees driven by a worthy vision. One brings you customers for a day. The other brings you customers for a lifetime.
A strong vision statement isn't just for putting on the walls of the company lobby or the back of business cards. It clearly communicates that this business lives what it preaches.
Why having a clear business vision is important
Vision starts with a belief... specifically the belief that your business exists to make a difference in the world. The specifics of that belief could be simple or more complex, but whatever your vision, it must clearly state the core values and purpose of why your business exists and what it wants to accomplish.
A vision is an ideal your company strives to achieve. There are many benefits to creating a company vision. But first and foremost, a clearly written and communicated vision helps define your company's values and guide the behavior of all employees.
A vision statement acts as the guide and cornerstone for everything you do. It needs to be specific enough to say what you will do but can also state what you will not do.
Without a clear vision, a business can drift aimlessly from task to task without understanding the purpose of the organization and the destination it wants to reach.
Here are three guidelines for creating a vision or evaluating your current one:
- Your vision must be clear, concise, easily understood, and give a sense of purpose for your business.
- It should motivate everyone in the business toward achieving a common goal. It should be ambitious and challenge everyone to embrace the ideals stated in the vision.
- A great vision helps link actions to the company's strategic goals. Actions will come from a clear understanding of the value created by following the vision.
A strong vision identifies the core values of the business, understands the purpose of the business, and envisions the future of the business. Often you can immediately identify a company that has a clear sense of purpose and vision from ones that don't. A motivated team working together creates a positive energy not seen in aimless businesses. A clear, memorable, and effective vision points everyone toward a common goal of making a difference in the lives of those being served.
A stimulating vision compels everyone to act, to change, and to become something that stands out in a skeptical world of me-too imitators. You can attract customers by hiring a guy in a clown costume to hold a sale sign in front of your building, or you can gain customers by providing out-of-this-world service from motivated employees driven by a worthy vision. One brings you customers for a day. The other brings you customers for a lifetime.
Friday, September 20, 2013
Marketing Is Just the First Step
The secret to increasing sales is simply to increase the marketing of your products and services. Or is it? There's one other critical part of the puzzle that needs to be addressed in order to grow a business. Without this, all the marketing in the world won't help.
Marketing done correctly with channels like direct mail (using postcards as an example) can equal more leads and prospects.
However, all the leads in the world won't necessarily equate to hefty sales and profit increases without the ability to sell. Therefore, the ability to sell yourself, your services, and your products becomes the second important piece of the puzzle.
Some have attached a stigma to selling with the image of a pushy used car salesman, but there's no need for slime or hype if you have a great product and service to sell.
There's a five-step business life-cycle and ecosystem you need to adhere to in order to have a truly successful, growing company.
Step 1. Marketing to bring in leads and prospects.
Step 2. Selling by making the case why your solution is the best option for the prospect.
Step 3. Systems and processes to consistently deliver an excellent product and service.
Step 4. Delivering great results to encourage referrals.
Step 5. Delivering great customer experience with your business to build client retention and repeat business.
Failure at any step will result in stagnation or decline in your business.
Marketing must be done in order to bring in a consistent flow of qualified leads and prospects. However, step two (making the sale) can't be overlooked. Being enthusiastic and showing passion for what you do and what you provide can go a long way in covering up any shortcomings.
A sale is made when a prospect gets to know you, likes you, and trusts you. There are four factors that can help you go beyond enthusiasm and passion in making your case toward a successful selling situation.
Factor 1: You need to establish rapport. Establishing rapport requires genuinely caring about your prospect. The more you learn about the prospect, the greater the likelihood you'll be able to find a common area to create a bond.
Factor 2: Find out what your prospect really wants from what you provide. This requires knowing what questions to ask in order to learn their reason for wanting your service. Top salespeople know that sometimes what a prospect wants isn't what they really need. Don't just tell them, but show them how your solution delivers what they really want and need.
Factor 3: Prove to them the value you provide. To do this, you must know what differentiates you and your company from the competition. Every prospect wants the least expensive solution, when all things are equal. Differentiation by showing massive value tilts the playing field in your favor because all things will not be equal when you're the one showing the most value. Prospects find a way to pay when they see the value clearly.
Factor 4: Ask for the sale. Most salespeople and even business owners either forget to ask for the sale or are simply too frightened to do so. If you deliver results and believe in what you provide, it's your obligation to ask for the sale. Don't assume the prospect will buy if you don't ask for the sale.
Marketing and sales go hand in hand. One without the other makes growing a business difficult if not impossible. These two are like the oxygen and air that your business needs to thrive. Remember this business ecosystem and work on continually improving on the four selling factors in order to always have a growing, healthy business.
Marketing done correctly with channels like direct mail (using postcards as an example) can equal more leads and prospects.
However, all the leads in the world won't necessarily equate to hefty sales and profit increases without the ability to sell. Therefore, the ability to sell yourself, your services, and your products becomes the second important piece of the puzzle.
Some have attached a stigma to selling with the image of a pushy used car salesman, but there's no need for slime or hype if you have a great product and service to sell.
There's a five-step business life-cycle and ecosystem you need to adhere to in order to have a truly successful, growing company.
Step 1. Marketing to bring in leads and prospects.
Step 2. Selling by making the case why your solution is the best option for the prospect.
Step 3. Systems and processes to consistently deliver an excellent product and service.
Step 4. Delivering great results to encourage referrals.
Step 5. Delivering great customer experience with your business to build client retention and repeat business.
Failure at any step will result in stagnation or decline in your business.
Marketing must be done in order to bring in a consistent flow of qualified leads and prospects. However, step two (making the sale) can't be overlooked. Being enthusiastic and showing passion for what you do and what you provide can go a long way in covering up any shortcomings.
A sale is made when a prospect gets to know you, likes you, and trusts you. There are four factors that can help you go beyond enthusiasm and passion in making your case toward a successful selling situation.
Factor 1: You need to establish rapport. Establishing rapport requires genuinely caring about your prospect. The more you learn about the prospect, the greater the likelihood you'll be able to find a common area to create a bond.
Factor 2: Find out what your prospect really wants from what you provide. This requires knowing what questions to ask in order to learn their reason for wanting your service. Top salespeople know that sometimes what a prospect wants isn't what they really need. Don't just tell them, but show them how your solution delivers what they really want and need.
Factor 3: Prove to them the value you provide. To do this, you must know what differentiates you and your company from the competition. Every prospect wants the least expensive solution, when all things are equal. Differentiation by showing massive value tilts the playing field in your favor because all things will not be equal when you're the one showing the most value. Prospects find a way to pay when they see the value clearly.
Factor 4: Ask for the sale. Most salespeople and even business owners either forget to ask for the sale or are simply too frightened to do so. If you deliver results and believe in what you provide, it's your obligation to ask for the sale. Don't assume the prospect will buy if you don't ask for the sale.
Marketing and sales go hand in hand. One without the other makes growing a business difficult if not impossible. These two are like the oxygen and air that your business needs to thrive. Remember this business ecosystem and work on continually improving on the four selling factors in order to always have a growing, healthy business.
5 Words That Can Change Your Business
Behind the scenes of your business, you make products or deliver services. But on the front lines, where interactions with customers occur, you have to deliver more than that in order to have a dynamically growing company. You must deliver a promise and hope.
The promise revolves around the benefits your actual products and services deliver. The hope is what can set your business apart from all the other companies that promise to deliver the same things you do.
People want to believe in your company and what you can deliver, but many have become jaded due to the culture of over-promising and under-delivering that is all too common in the marketplace. To get past this wall of skepticism, you have to deliver more.
Companies like Coca-Cola, Apple, Starbucks, and Disney World took off when they figured out they were selling much more than a soft drink, computer, coffee, and theme park rides. These businesses understood that in order to stand apart from their competitors, they had to tell their brand stories in a way that resonates with customers.
Coca-Cola sells refreshment, happiness, and harmony. Apple sells a delightful user experience to consumers in a hip, cool way. Starbucks sells the "third place experience" -- a place to get away outside our home and business. Disney World sells memories that last a lifetime.
The common theme among the great brands of the world is that they have found a way to transcend beyond their products by asking this simple, yet powerful five-word question:
What are we really selling?
People aren't really interested in what you sell, but they may be very interested in the benefits you can deliver. These benefits in turn must be told in a way that attracts and connects with your target audience.
How You Can Apply This in Your Business?
You're probably thinking to yourself that this may do wonders for big brands, but how does it apply to my small business?
The promise revolves around the benefits your actual products and services deliver. The hope is what can set your business apart from all the other companies that promise to deliver the same things you do.
People want to believe in your company and what you can deliver, but many have become jaded due to the culture of over-promising and under-delivering that is all too common in the marketplace. To get past this wall of skepticism, you have to deliver more.
Companies like Coca-Cola, Apple, Starbucks, and Disney World took off when they figured out they were selling much more than a soft drink, computer, coffee, and theme park rides. These businesses understood that in order to stand apart from their competitors, they had to tell their brand stories in a way that resonates with customers.
Coca-Cola sells refreshment, happiness, and harmony. Apple sells a delightful user experience to consumers in a hip, cool way. Starbucks sells the "third place experience" -- a place to get away outside our home and business. Disney World sells memories that last a lifetime.
The common theme among the great brands of the world is that they have found a way to transcend beyond their products by asking this simple, yet powerful five-word question:
What are we really selling?
People aren't really interested in what you sell, but they may be very interested in the benefits you can deliver. These benefits in turn must be told in a way that attracts and connects with your target audience.
How You Can Apply This in Your Business?
You're probably thinking to yourself that this may do wonders for big brands, but how does it apply to my small business?
- Take a step back from the day-to-day operations of the business, and think about what you're really selling. Railroad companies thought they were in the rail business, when they were really in the transportation business. Think about the larger implications around the results you deliver to your customers.
- Next think about this question: What do my customers really want from our products and services? Ask your best customers why they really do business with you. Look for common themes in the answers.
- The final step is to take the concepts you've arrived at and focus on what would move your best prospects to buy what you sell. Put yourself in their shoes. Ask some friends and associates if your idea would move them to act. Then test your ideas by presenting them in your ad copy in print, on the web, and in all your other marketing channels. Test until you find the winners. The sales result will show which one is the winner.
Thursday, September 12, 2013
How Success Breeds Confidence
Elon Musk is an entrepreneur who has been in the news recently but someone you may not know much about. He started his entrepreneurial career at the ripe old age of 12 by creating a simple video game and selling it for a profit.
Since that early success, he has gone on to found Paypal (the popular online payment system), Tesla Motors (the first viable production electric car), SpaceX (one of the largest space exploration companies in the world), and Solar City (one of the largest solar panel companies in the world).
So what was the key to his success? Early success.
The victory Elon had with his video game was a small but important step for his success. Success changes your beliefs about what is possible. This belief creates a connection in the brain that helps you realize success really is possible.
Not everyone can be an Elon Musk, but we can all learn from him. His story teaches the importance of momentum. Momentum feeds off confidence. And confidence comes from actually accomplishing a goal. Confidence is the belief in your own ability to succeed at something.
Some claim that confidence comes from a mental state or a feeling inside, but it is actually a belief. Fake confidence can come from visualization, standing in front of the mirror and repeating over and over again how confident you are. But that kind of confidence has a tendency to dissipate quickly at the first sign of a roadblock or resistance.
True inner confidence, on the other hand, comes from knowing you can succeed. That can only come from having past successful experiences -- like the 12-year-old Elon Musk and his video game.
Why is this important?
Because confidence (or lack thereof) affects many parts of your life including:
So where does confidence come from, and where can you get more of it?
Confidence can come from being around supportive people who are successful. It can be as contagious as lethargy and negativity.
Confidence can be learned from a teacher or authority figure who has been where you want to go. It can be earned through mastering a skill or trade.
But the most important source of confidence comes from your past experiences. Ironically, confidence can even come from failures if those failures didn't stop the momentum of moving forward.
If you want to develop confidence in any area of your life, business or personal, your first objective should be to get your first success as quickly as possible. That first success will build confidence, motivation, and (most importantly) momentum for further success.
"If we did all the things we are capable of, we would literally astound ourselves." -Thomas A. Edison
No one can know for certain what would have happened with Elon Musk if his early experiences in entrepreneurship had been failures, but one thing is certain. Elon took action and gained experiences that gave him momentum to build upon. That, in turn, earned him true confidence that anything is possible.
Ask yourself: What steps do I need to take to gain quick successes toward my goal? Achieve one quick goal, and build momentum. Then let the successes begin piling up on top of one another to give you a store of strength you can always pull from. Be bold. Take action.
Since that early success, he has gone on to found Paypal (the popular online payment system), Tesla Motors (the first viable production electric car), SpaceX (one of the largest space exploration companies in the world), and Solar City (one of the largest solar panel companies in the world).
So what was the key to his success? Early success.
The victory Elon had with his video game was a small but important step for his success. Success changes your beliefs about what is possible. This belief creates a connection in the brain that helps you realize success really is possible.
Not everyone can be an Elon Musk, but we can all learn from him. His story teaches the importance of momentum. Momentum feeds off confidence. And confidence comes from actually accomplishing a goal. Confidence is the belief in your own ability to succeed at something.
Some claim that confidence comes from a mental state or a feeling inside, but it is actually a belief. Fake confidence can come from visualization, standing in front of the mirror and repeating over and over again how confident you are. But that kind of confidence has a tendency to dissipate quickly at the first sign of a roadblock or resistance.
True inner confidence, on the other hand, comes from knowing you can succeed. That can only come from having past successful experiences -- like the 12-year-old Elon Musk and his video game.
Why is this important?
Because confidence (or lack thereof) affects many parts of your life including:
- Your Focus
- Your Persistence
- Your Motivation
- Your Performance
- The Goals You Set For Your Life
- How Willing Other People Are to Buy From You
So where does confidence come from, and where can you get more of it?
Confidence can come from being around supportive people who are successful. It can be as contagious as lethargy and negativity.
Confidence can be learned from a teacher or authority figure who has been where you want to go. It can be earned through mastering a skill or trade.
But the most important source of confidence comes from your past experiences. Ironically, confidence can even come from failures if those failures didn't stop the momentum of moving forward.
If you want to develop confidence in any area of your life, business or personal, your first objective should be to get your first success as quickly as possible. That first success will build confidence, motivation, and (most importantly) momentum for further success.
"If we did all the things we are capable of, we would literally astound ourselves." -Thomas A. Edison
No one can know for certain what would have happened with Elon Musk if his early experiences in entrepreneurship had been failures, but one thing is certain. Elon took action and gained experiences that gave him momentum to build upon. That, in turn, earned him true confidence that anything is possible.
Ask yourself: What steps do I need to take to gain quick successes toward my goal? Achieve one quick goal, and build momentum. Then let the successes begin piling up on top of one another to give you a store of strength you can always pull from. Be bold. Take action.
Saturday, September 7, 2013
Does Your Business Have Religion?
Tom Watson, Sr., the legendary leader of IBM, reportedly said that in order for a company to become truly great, it needs religion.
The kind of religion Watson was referring to is the idea that a great company needs to have core beliefs. It needs to have a unifying message that all employees adhere to. Some refer to this as a vision and mission statement for the company.
Why is this important?
When you clearly state what you and your company are all about, you're announcing to the marketplace what you consider important and what people should expect from you.
This can have a powerful effect. When you clearly stand for something, you often stand apart in a competitive marketplace. When you make your core belief something unique, your company will be seen as extraordinary in a world of copycat dullness.
Your Credo
Credo is Latin for "I believe." A strong credo not only unifies everyone in the company but also helps attract like-minded customers who want to be a part of an extraordinary company experience.
A credo should be more than flowery statements, which are only meant to go on the company plaque and the back of your business cards. A true credo should state your most strongly held beliefs and core values. It should be the North Star that guides your company's focus and direction.
If you don't have a credo or vision statement for your company, it's time to create one. If you have an old one that no one in the company can recall, it's time to revisit it and create a memorable one.
Don't be afraid to share with the world -- with clarity and boldness -- exactly what you believe in and what you focus on. Much like the original IBM, which went from 1,300 employees and $4.5 million in sales to over 72,500 employees and $897 million in sales at the time of Watson's death, having a company religion and sharing it openly with the world can help skyrocket your business, too.
The kind of religion Watson was referring to is the idea that a great company needs to have core beliefs. It needs to have a unifying message that all employees adhere to. Some refer to this as a vision and mission statement for the company.
Why is this important?
When you clearly state what you and your company are all about, you're announcing to the marketplace what you consider important and what people should expect from you.
This can have a powerful effect. When you clearly stand for something, you often stand apart in a competitive marketplace. When you make your core belief something unique, your company will be seen as extraordinary in a world of copycat dullness.
Your Credo
Credo is Latin for "I believe." A strong credo not only unifies everyone in the company but also helps attract like-minded customers who want to be a part of an extraordinary company experience.
A credo should be more than flowery statements, which are only meant to go on the company plaque and the back of your business cards. A true credo should state your most strongly held beliefs and core values. It should be the North Star that guides your company's focus and direction.
If you don't have a credo or vision statement for your company, it's time to create one. If you have an old one that no one in the company can recall, it's time to revisit it and create a memorable one.
Don't be afraid to share with the world -- with clarity and boldness -- exactly what you believe in and what you focus on. Much like the original IBM, which went from 1,300 employees and $4.5 million in sales to over 72,500 employees and $897 million in sales at the time of Watson's death, having a company religion and sharing it openly with the world can help skyrocket your business, too.
Tuesday, September 3, 2013
Boost Your Marketing With Postcards
You probably get at least a few postcards in your mail every day. Have you noticed that you always look at the front and usually flip them over, too? Postcards are incredibly hard to resist because there's something compelling about that small, stiff card stock.
Postcards are experiencing a revival as business owners and marketers are rediscovering the powerful impact postcards can deliver. What's so great about postcards? Postcards have several advantages over many other marketing channels.
Of course, postcards do have some limitations. They're obviously not great for any type of promotion or campaign that needs lots of space for copy due to the size limitation. It's also not easy to generate direct sales with a postcard campaign. However, postcards are fantastic for creating awareness and generating sales leads. In fact, it's hard to beat postcards for economical lead generation campaigns.
Postcard Creativity
Postcards can be created in traditional sizes, as well larger sheet sizes. They can be die-cut with custom-size shapes in order to stand out and create attention. Postcards can be made from very thick card stocks, laminated, and even made from plastic stock. The possibilities are only limited by your imagination.
Using Postcards
Direct mail is only one way to use this powerful marketing tool. You can also include postcards as part of a media or brand identity kit; as a promotional handout at trade shows and networking events; and as part of a sales letter insert.
Marketing Takeaway
The humble postcard is a powerful counter-measure to digital marketing. As more people are turned off by spam emails and other digital waste, they're paying more attention to postcards. Postcards have a higher read-rate than many other marketing mediums because they are easier to digest quickly.
Postcards have a place in your marketing campaigns. If you use eye-catching, powerful design in addition to strong, to-the-point copy, combined with a call to action, there's a great chance your target audience will respond the way you'd like when you use postcard marketing.
Postcards are experiencing a revival as business owners and marketers are rediscovering the powerful impact postcards can deliver. What's so great about postcards? Postcards have several advantages over many other marketing channels.
- Postcards are less expensive to print.
- They don't require envelopes or other inserts.
- Postcards provide an instant visual connection with the recipient.
- The limited space for copy and graphics forces you to get to the point quickly.
- Recipients don't set them aside to read later, leading to instant reaction.
- Postage is often lower than with other forms of direct mail.
- Postcards are great for personalization (with variable data printing - VDP).
- Postcards work very well in driving website traffic.
- Postcards are fantastic to use in a series sent over time to educate, engage, and drive sales.
- Graphics and copy are easier to create.
- Postcards work well for both short-run and larger-volume orders.
- Postcards make great appointment reminders, thank you notes, and follow-up cards.
Of course, postcards do have some limitations. They're obviously not great for any type of promotion or campaign that needs lots of space for copy due to the size limitation. It's also not easy to generate direct sales with a postcard campaign. However, postcards are fantastic for creating awareness and generating sales leads. In fact, it's hard to beat postcards for economical lead generation campaigns.
Postcard Creativity
Postcards can be created in traditional sizes, as well larger sheet sizes. They can be die-cut with custom-size shapes in order to stand out and create attention. Postcards can be made from very thick card stocks, laminated, and even made from plastic stock. The possibilities are only limited by your imagination.
Using Postcards
Direct mail is only one way to use this powerful marketing tool. You can also include postcards as part of a media or brand identity kit; as a promotional handout at trade shows and networking events; and as part of a sales letter insert.
Marketing Takeaway
The humble postcard is a powerful counter-measure to digital marketing. As more people are turned off by spam emails and other digital waste, they're paying more attention to postcards. Postcards have a higher read-rate than many other marketing mediums because they are easier to digest quickly.
Postcards have a place in your marketing campaigns. If you use eye-catching, powerful design in addition to strong, to-the-point copy, combined with a call to action, there's a great chance your target audience will respond the way you'd like when you use postcard marketing.
Do You Have a Foot-In-The-Door Strategy?
There's an extremely powerful strategy to grow your business called the foot-in-the-door (FITD) strategy. FITD plays on psychology to get to the sale. This strategy works well because it gets past the prospect's natural resistance to being sold.
The process starts with getting a person to agree to a small request that doesn't take them outside their comfort zone. From there, you build up to larger requests and bigger yeses.
Savvy business owners, marketers, and salespeople have used FITD in one form or another for years, whether they have knowingly defined it that way or not. Some may refer to this strategy as a "loss leader." The difference is that a loss leader typically involves selling something, often at a very low price or below cost. Retail businesses have used loss leaders successfully for many years. FITD works best when the first offer is for something free.
Examples of FITD
If you've ever been to the mall food court around lunch or dinnertime, you'll often see savvy restaurant owners assign an employee to offer a small sample tasting of some of the food items on their menu. When passersby accept the sample and taste it, they've taken the first tiny step toward a possible yes.
One interesting side note with this example: Notice that the employees handing out the samples aren't going all around the mall or outside in the parking lot at various hours of the day. They pass out the samples to people walking through the food court at lunch or dinnertime. The marketing takeaway: offer your services to people who are most likely to need what you sell when they need it the most.
FITD has been used for many years by door-to-door salespeople in many industries, from the person offering to clean a dirty spot on the carpet to the days of the encyclopedia salesperson (remember those?) who would offer a free three book starter set.
Perhaps the most notorious example is from the timeshare industry. In exchange for 90 minutes of your time, the FITD offer is a free resort stay or perhaps Disney World tickets. Does it work? Billions of dollars in timeshares sold would seem to indicate a big yes. These techniques are meant to persuade and work extremely well. The danger comes from unscrupulous sellers who abuse the power.
FITD has been used in the pharmaceutical industry with enormous success. Pharmaceutical sales representatives leave samples of the drugs their companies sell with the appropriate doctors. The physicians in turn give their patients a free sample along with a prescription that will lead them to become a customer of the pharmaceutical industry.
What kind of FITD should you offer?
Your best FITD strategy should probably be not to "sell" anything at all. Only 2% of prospects are ready to buy at any time and less than 1% will typically buy anything on the first contact. Put yourself in the shoes of your ideal customer and ask yourself: What would I need (if I were a customer) to choose this company over the competition? What service or product can you use to let prospects 'test' you out that will put your best foot forward and help you make the best first impression?
Conclusion
The FITD strategy is an extremely powerful technique. If you're not currently using it or have used it in the past and forgotten about it, it's time to visit it again. Put together a plan to utilize FITD in your favor.
Selling successfully for the long term requires building trust with your prospects and even existing customers. The FITD strategy allows you to begin building that trust. But be careful. If it's done incorrectly or not done at all, then you may experience the door-in-the-face result which is what you want to avoid.
The process starts with getting a person to agree to a small request that doesn't take them outside their comfort zone. From there, you build up to larger requests and bigger yeses.
Savvy business owners, marketers, and salespeople have used FITD in one form or another for years, whether they have knowingly defined it that way or not. Some may refer to this strategy as a "loss leader." The difference is that a loss leader typically involves selling something, often at a very low price or below cost. Retail businesses have used loss leaders successfully for many years. FITD works best when the first offer is for something free.
Examples of FITD
If you've ever been to the mall food court around lunch or dinnertime, you'll often see savvy restaurant owners assign an employee to offer a small sample tasting of some of the food items on their menu. When passersby accept the sample and taste it, they've taken the first tiny step toward a possible yes.
One interesting side note with this example: Notice that the employees handing out the samples aren't going all around the mall or outside in the parking lot at various hours of the day. They pass out the samples to people walking through the food court at lunch or dinnertime. The marketing takeaway: offer your services to people who are most likely to need what you sell when they need it the most.
FITD has been used for many years by door-to-door salespeople in many industries, from the person offering to clean a dirty spot on the carpet to the days of the encyclopedia salesperson (remember those?) who would offer a free three book starter set.
Perhaps the most notorious example is from the timeshare industry. In exchange for 90 minutes of your time, the FITD offer is a free resort stay or perhaps Disney World tickets. Does it work? Billions of dollars in timeshares sold would seem to indicate a big yes. These techniques are meant to persuade and work extremely well. The danger comes from unscrupulous sellers who abuse the power.
FITD has been used in the pharmaceutical industry with enormous success. Pharmaceutical sales representatives leave samples of the drugs their companies sell with the appropriate doctors. The physicians in turn give their patients a free sample along with a prescription that will lead them to become a customer of the pharmaceutical industry.
What kind of FITD should you offer?
Your best FITD strategy should probably be not to "sell" anything at all. Only 2% of prospects are ready to buy at any time and less than 1% will typically buy anything on the first contact. Put yourself in the shoes of your ideal customer and ask yourself: What would I need (if I were a customer) to choose this company over the competition? What service or product can you use to let prospects 'test' you out that will put your best foot forward and help you make the best first impression?
Conclusion
The FITD strategy is an extremely powerful technique. If you're not currently using it or have used it in the past and forgotten about it, it's time to visit it again. Put together a plan to utilize FITD in your favor.
Selling successfully for the long term requires building trust with your prospects and even existing customers. The FITD strategy allows you to begin building that trust. But be careful. If it's done incorrectly or not done at all, then you may experience the door-in-the-face result which is what you want to avoid.
Tuesday, August 27, 2013
Online and Print: Like Peanut Butter and Jelly?
Some self-appointed experts proclaim there's a vast difference between the brave new digital world and more traditional media like print. Although there are obvious differences in the way messages are delivered, fundamentally there are more similarities than it may seem.
At the core, it all revolves around communication. We are still trying to communicate the same things:
It's interesting to note a recent trend with many online retailers and other Internet-based businesses using print advertising to drive visitors and sales to their websites. Even Google uses direct mail. Online and print work well together when there's a solid strategy in place.
One of the unfortunate side effects of the digital age has been the exponential increase of spam and junk aimed at businesses and consumers. The low cost barrier to entry has encouraged irrelevant messages to fill in-boxes and clog the Internet with useless information. It turns out there is a cost to free.
The other negative side effect of digital delivery and the Internet has been to give equal footing to the useless and the idiotic. This makes the job of having your messages stand out even more difficult.
Whether you're writing an email, a web page, or social media posts, it's a struggle to be seen and heard above the massive onslaught of junk and spam in the digital wasteland of today. Ironically, the new additional marketing mediums of today have made it much harder, not easier to get your message across.
Despite the issues, digital is here to stay. But print is not going away either. There are strengths for both mediums. Smart businesses and marketers know that for any campaign to work as well as it can, there must be a combination of print and digital.
Using print and digital together is a lot like having a peanut butter and jelly sandwich. Sure, you can have one without the other, but it tastes a lot better when you combine the two.
At the core, it all revolves around communication. We are still trying to communicate the same things:
- Persuading recipients to open our communication
- Encouraging people to read our relevant messages
- Convincing our target market to believe the point we are trying to get across
- Driving people to take action on our message
It's interesting to note a recent trend with many online retailers and other Internet-based businesses using print advertising to drive visitors and sales to their websites. Even Google uses direct mail. Online and print work well together when there's a solid strategy in place.
One of the unfortunate side effects of the digital age has been the exponential increase of spam and junk aimed at businesses and consumers. The low cost barrier to entry has encouraged irrelevant messages to fill in-boxes and clog the Internet with useless information. It turns out there is a cost to free.
The other negative side effect of digital delivery and the Internet has been to give equal footing to the useless and the idiotic. This makes the job of having your messages stand out even more difficult.
Whether you're writing an email, a web page, or social media posts, it's a struggle to be seen and heard above the massive onslaught of junk and spam in the digital wasteland of today. Ironically, the new additional marketing mediums of today have made it much harder, not easier to get your message across.
Despite the issues, digital is here to stay. But print is not going away either. There are strengths for both mediums. Smart businesses and marketers know that for any campaign to work as well as it can, there must be a combination of print and digital.
Using print and digital together is a lot like having a peanut butter and jelly sandwich. Sure, you can have one without the other, but it tastes a lot better when you combine the two.
6 Steps to a Referral Strategy
Referrals are one of the best ways for growing a small business, yet most companies have no formal process in place to make sure this great source for quality leads continues.
Waiting for leads to fall in your lap is not a systematic referral-generation strategy! Some people feel guilty about asking for referrals because they falsely believe they are simply asking for favors. The truth is, if you believe that the products and services you provide deliver real value to people and will benefit those who use them, you're the one who's doing the favor in asking for referrals... not the other way around. Achieving that mentality is the first step toward building a solid foundation for your lead-generating referral system.
Here are six steps to turn up your referral-generation machine.
No system works without action. Start your referral-generating system by implementing and tracking the results. Ask your current network for referrals. This will give you something to build on. As you practice and gain confidence, refine your tactics and branch out to get referrals from other sources. It's easier than you think.
Waiting for leads to fall in your lap is not a systematic referral-generation strategy! Some people feel guilty about asking for referrals because they falsely believe they are simply asking for favors. The truth is, if you believe that the products and services you provide deliver real value to people and will benefit those who use them, you're the one who's doing the favor in asking for referrals... not the other way around. Achieving that mentality is the first step toward building a solid foundation for your lead-generating referral system.
Here are six steps to turn up your referral-generation machine.
- Define your most ideal referral. Your chances of finding referrals increases if you know who you're looking for. The tighter you can articulate the demographic characteristics of your most ideal referral, the better. What are their business needs? What problems do they have that you can solve?
- Team up with matching referral partners. After defining your ideal referral, identify who would be ideal referral partners for you. Who's already doing business and in contact with people that fit your most ideal referral profile? Find ways to provide value for them and make it easy for them to refer you.
- Build a database. Create a contact list of potential referral sources and contacts. This can help you focus your referral-generating campaigns on people who can help you the most. Great communication starts with a focused list of ideal referral partners.
- Create an incentive. Most people want to help others. You can encourage them to do what they already want to do by giving them an incentive to refer you. Incentives can be something tangible like gift cards, discounts, commissions, and other perks. A simple thank you card and other positive reinforcement goes a long way to building the goodwill generated from helping others.
- Have a referral script. It's comforting to know what you're going to say ahead of time in asking for a referral. Your script should be adapted for face-to-face networking, email communication, phone conversations, and mailed letters. Practice until it becomes natural and not forced.
- Set goals. An effective system includes a way to measure it. Setting referral goals and tracking results weekly is a great way to build and sustain continual momentum. Tracking your referrals also allows you to see how many referrals it takes to get one new client.
No system works without action. Start your referral-generating system by implementing and tracking the results. Ask your current network for referrals. This will give you something to build on. As you practice and gain confidence, refine your tactics and branch out to get referrals from other sources. It's easier than you think.
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