If you're a small business, you have a noise problem. There are so many ads out there that your potential customers just block them all out. This means that most marketing campaigns are just a visual form of white noise that people instinctively ignore. So your have to find a way to stand out and seize the attention of a jaded audience. Unconventional marketing is not a choice; you have to be different if you want to beat your competitors.
Larger corporations have massive advertising budgets that allow them to flood the media and Internet. You don't have that luxury, but you do have another advantage. You may have a smaller target customer base, but you also have a closer connection to them. You know what your customers want and what is important to them. That knowledge is something larger corporation spend thousands of dollars trying to get.
Your familiarity with your community must be the basis of any marketing push you do. The purpose of an unconventional marketing strategy is to seize the attention of your potential customers through surprise. But if your campaign annoys instead of pleasantly surprises, it will drive potential customers away. That's why using your knowledge of your community is so vital when building your campaign.
Another thing you should avoid is letting the ad overwhelm your brand. It's really easy to come up with a memorable ad, execute it well, and then have customers remember the ad but not the company that created it. Advertising works best when there's a clear connection between the content of the ad and the product you're trying to sell. This way, the content of the ad increases your brand's value.
With those warnings in mind, you should know that there are no standard unconventional marketing strategies; if something is standard, it's not unconventional. But there are some strategies that are a good starting point toward building an unconventional marketing plan.
For example, take advantage of local landmarks. Local landmarks are a great place to advertise because people see them every day. One way to really stand out is to use these natural focal points to get your brand's message out. A great example of this is Alteco Super Glue. On a large bridge that had 155,000 cars pass over it daily, Alteco attached a large replica of one of its super glue tubes to one of the steel cable supports. This emphasized the strength of the glue, and the display received a lot of positive attention from the local media. The key to doing this right is to ensure that the ad doesn't offend your potential customers. As a result, it may be wise to avoid landmarks that have significant cultural or local meaning.
Going against convention is good. But it's not enough to be unique; you must always remember to build a relationship with potential customers with every ad you create.
Tuesday, September 17, 2013
Friday, September 13, 2013
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.
Tuesday, September 10, 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.
Friday, September 6, 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.
Friday, August 30, 2013
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.
Friday, August 23, 2013
Connecting Your Brand With Your Customers
No business starts with the mission of becoming run of the mill and ordinary. But somewhere along the way, after the excitement wears off and the daily routines take over, some businesses seem to lose their way.
Running and managing a business isn't for the faint of heart.
The daily tasks of keeping the operation flowing smoothly and bringing in enough revenue to keep the lights on while managing customer demands has a way of making one forget about the dream of creating an extraordinary business.
But the reality is that the customers of today want more than just a product or service. They want an experience. Simple delivery of goods and services may bring a customer in, but it takes more effort to turn that buyer into a steady client who will come back often.
Businesses that provide a way for the customer to feel like they're part of something special (and maybe even a little extraordinary) attract the kind of clients who not only return themselves but also refer others to enjoy the same level of service they loved.
People have a way of flocking to businesses that give them this type of unexpected experience.
Who wants to go somewhere ordinary when they can experience a business that makes them feel wanted and special? Most people expect average, so when they find a business that goes above and beyond, they don't need prompting to refer others.
Being different and offering an experience in addition to products and services doesn't have to be difficult. It only requires that you stand apart from your competitors. Sometimes all that takes are some simple tweaks.
Going above and beyond might be as simple as the presentation you make when you deliver your products and services. The Apple iPhone is just a smartphone. However, from the product announcement down to the packaging, the stage is set that you're about to experience something extraordinary.
How can you package what you sell in a way that sets you apart?
When you give your customers the expectation that they're part of something special (a fun company that makes them feel exclusive), then you've gone from an ordinary company with a logo to a brand that connects with its clients.
Customers connect with brands that make them feel special. The revenue and profits flow naturally when you can achieve that level of branding.
Running and managing a business isn't for the faint of heart.
The daily tasks of keeping the operation flowing smoothly and bringing in enough revenue to keep the lights on while managing customer demands has a way of making one forget about the dream of creating an extraordinary business.
But the reality is that the customers of today want more than just a product or service. They want an experience. Simple delivery of goods and services may bring a customer in, but it takes more effort to turn that buyer into a steady client who will come back often.
Businesses that provide a way for the customer to feel like they're part of something special (and maybe even a little extraordinary) attract the kind of clients who not only return themselves but also refer others to enjoy the same level of service they loved.
People have a way of flocking to businesses that give them this type of unexpected experience.
Who wants to go somewhere ordinary when they can experience a business that makes them feel wanted and special? Most people expect average, so when they find a business that goes above and beyond, they don't need prompting to refer others.
Being different and offering an experience in addition to products and services doesn't have to be difficult. It only requires that you stand apart from your competitors. Sometimes all that takes are some simple tweaks.
Going above and beyond might be as simple as the presentation you make when you deliver your products and services. The Apple iPhone is just a smartphone. However, from the product announcement down to the packaging, the stage is set that you're about to experience something extraordinary.
How can you package what you sell in a way that sets you apart?
When you give your customers the expectation that they're part of something special (a fun company that makes them feel exclusive), then you've gone from an ordinary company with a logo to a brand that connects with its clients.
Customers connect with brands that make them feel special. The revenue and profits flow naturally when you can achieve that level of branding.
Tuesday, August 20, 2013
6 Ways to Ramp Up Your Referral Marketing
It's no secret that one of the best ways to grow a business is through strong referrals. Whether these referrals come to you through a system you have in place or because of the solid reputation your business has built over the years, each referral is a precious gift. You have one chance to turn this opportunity into a client who will in turn refer others to your business.
If you drop the ball in some way, not only will you lose this chance for new business, but you could also discourage others from referring business to you. Therefore, you must handle these warm leads with extreme care. Here are six key steps to consider as you guide a referral into becoming a real customer.
Turning referrals into customers is not an act of magic or accomplished through luck. It's done by developing an action plan and by implementing the plan. Keep track, stay organized, and monitor the process. Referral marketing can be a gift that keeps on giving, but only if it's treated with the care and respect it deserves.
If you drop the ball in some way, not only will you lose this chance for new business, but you could also discourage others from referring business to you. Therefore, you must handle these warm leads with extreme care. Here are six key steps to consider as you guide a referral into becoming a real customer.
- Respond quickly. Nothing will stop a referral process faster than slow response and showing a lack of urgency in communication. Lead360 conducted a study of 25 million data points which showed that successful conversion rates are 391% higher when a lead is called back within a minute, 120% within two minutes, 98% within three minutes, 62% in under thirty minutes, and 36% in under an hour. Clearly calling back and following up with referrals quickly is the first and most important part of the process.
- Gather information and qualify. Once contact has been made, it's time to gather any necessary information to make sure there's a good fit between what the referral is looking for and what you can provide. Having relevant, open-ended questions to ask will help you find what you're looking for while at the same time establishing your expertise in helping solve client problems. This is the time to develop insight into the scope of the opportunity and key factors.
- Be the expert. Once you've established that the referral is a good fit for your business, it's time to do your homework. You must spend a little time to learn about the referral's business. The more you learn about what your prospect is looking to solve, the better you can prepare a solution. This in turn will position you as the expert who took the time to present a customized solution when your competitors offered a generic, cookie-cutter bid.
- Make your offer stand out. The best way to make your offer stand out is by adding value. People like to buy, but they don't like to be sold to. You can add value and help your offer stand apart by helping a referral evaluate your capability and see their problem clearer. Relevant, simple, and insightful information that helps your prospect will lead them to buy much more readily than if they feel they are being sold to.
- Create a powerful experience. Turning a referral into a client can be as simple as contacting them quickly with information they're seeking. However, the real secret to make them truly want to do business with you on a consistent basis is to create a "wow" experience. Your "wow" experience doesn't have to be complex. Building it can be as simple as:
- Responding to inquiries within 30 minutes
- Offering a small gift or thank you note for contacting you
- Sending a small gift or thank you to the person who made the referral
- Delivering a professionally prepared, customized solution with clear information
- Following up after the sale to answer any questions
- Being persistent without being a pest
- Use technology. As great as your memory may be, relying on the old pen-and-paper system is just asking for trouble. The way to truly systematize the referral process is by using a CRM system that can help you track your referrals. Determine if the software will help you give the prospects the experience you set in your action plan. But remember that technology can only go so far. Sure, it can help you manage the referrals, but converting those leads into customers takes the human touch that only you can provide.
Turning referrals into customers is not an act of magic or accomplished through luck. It's done by developing an action plan and by implementing the plan. Keep track, stay organized, and monitor the process. Referral marketing can be a gift that keeps on giving, but only if it's treated with the care and respect it deserves.
Friday, August 9, 2013
Educating Your Way to a Sale
Your target audience is being bombarded by sales and marketing messages every day. Some estimates state that a person is exposed to more than 3,500 messages on average every single day! No wonder we develop strategies to filter out the hype and all the noise so we can get our work done. Otherwise our days would be consumed with sales presentations and various pitches to buy something.
This constant barrage of marketing has taken a toll on salespeople, too. Traditional sales methods that once worked well have been losing traction and are not effective anymore. But you still need to sell -- and you need to get your message across to your prospects. How can you do that without alienating them at the same time? One way to do that is to educate and help your prospects instead of simply selling them.
Educating your audience with relevant and useful information that will help them make a more informed buying decision allows you to establish yourself and your company as an expert who provides value before ever asking for a sale.
Establishing trust in this manner brings respect. Trust and respect open the way for your prospects to listen. Listening gives you access to valuable time your prospects reserve for those they believe will not waste it with hype and useless pitches.
To decide what kind of information your prospects find useful, you need to put yourself in their shoes. Developing a buyer persona on your most ideal prospects lets you get insight into the information, ideas, and advice that could make a positive difference in their lives and actually help in their decision-making process.
Selling is not a bad thing. Short-term thinking while selling, however, is not sustainable selling. Long-term selling is about nurturing, gaining trust, and establishing rapport. Doing this will lead not only to a first sale but also to a relationship that will garner repeat sales and referrals.
Establishing a strategic sales funnel allows you to introduce your products and services as a solution to a prospect's problem at the appropriate time. Nurturing relationships will lead to sales more naturally and organically, instead of taking a straight, forced path with a low chance of making a quick close.
One great example of this can be seen by walking into any Apple retail store. From the moment you walk in, the Apple employees are trained to educate you about the products in the store. No pushy salespeople. They actually want you to touch and test all the products on display.
In the back of the store, the "Genius Bar" provides technical help and in-depth training to encourage users to use Apple products. This in turn leads to more sales. Over 50,000 people visit the "Genius Bar" every day, and the majority who have used the services state that they are more likely to buy another Apple product as a result.
Educating your prospects and your customers is a long-term business sales strategy. It requires some time and resources. But if it is done well, the results will far outweigh the costs.
This constant barrage of marketing has taken a toll on salespeople, too. Traditional sales methods that once worked well have been losing traction and are not effective anymore. But you still need to sell -- and you need to get your message across to your prospects. How can you do that without alienating them at the same time? One way to do that is to educate and help your prospects instead of simply selling them.
Educating your audience with relevant and useful information that will help them make a more informed buying decision allows you to establish yourself and your company as an expert who provides value before ever asking for a sale.
Establishing trust in this manner brings respect. Trust and respect open the way for your prospects to listen. Listening gives you access to valuable time your prospects reserve for those they believe will not waste it with hype and useless pitches.
To decide what kind of information your prospects find useful, you need to put yourself in their shoes. Developing a buyer persona on your most ideal prospects lets you get insight into the information, ideas, and advice that could make a positive difference in their lives and actually help in their decision-making process.
Selling is not a bad thing. Short-term thinking while selling, however, is not sustainable selling. Long-term selling is about nurturing, gaining trust, and establishing rapport. Doing this will lead not only to a first sale but also to a relationship that will garner repeat sales and referrals.
Establishing a strategic sales funnel allows you to introduce your products and services as a solution to a prospect's problem at the appropriate time. Nurturing relationships will lead to sales more naturally and organically, instead of taking a straight, forced path with a low chance of making a quick close.
One great example of this can be seen by walking into any Apple retail store. From the moment you walk in, the Apple employees are trained to educate you about the products in the store. No pushy salespeople. They actually want you to touch and test all the products on display.
In the back of the store, the "Genius Bar" provides technical help and in-depth training to encourage users to use Apple products. This in turn leads to more sales. Over 50,000 people visit the "Genius Bar" every day, and the majority who have used the services state that they are more likely to buy another Apple product as a result.
Educating your prospects and your customers is a long-term business sales strategy. It requires some time and resources. But if it is done well, the results will far outweigh the costs.
Tuesday, August 6, 2013
Where are the budding stars at your company?
The answer is simple: They're everywhere. And it's up to you to find them.
In his biography of Bill Russell, author Murry R. Nelson writes about the NBA legend's athletic struggles in high school and about one teacher/coach who helped to bring out the best in the young man others had overlooked and taken for granted.
After failing to make the school's football team, Russell decided to try out for basketball instead. There were 15 spots available on the junior varsity team, and Russell, who had never played organized basketball before, was number 16 on the depth chart. But his coach "saw something in him as a person" and allowed him to split time with another player in order to make the team. He also helped Russell join the local Boys Club, where he could "practice his game on an indoor court."
"In return for the faith and 'investment' [the coach] made in him," Nelson writes, Russell "provided a constant drive and energy on the basketball court." What's more, he began practicing hard throughout the year and was able to make the varsity team his senior season.
Bill Russell would go on to enjoy a Hall of Fame career in the NBA, where he led the Boston Celtics to 11 NBA titles over the course of 13 years.
Just as faith from a coach helped to mold a young Bill Russell's career path, guidance and mentoring are valuable training tools in business, too. Providing team members with the resources and skills training needed to succeed at their jobs can make a difference not only for the individuals you're helping but also for the company (and team) as a whole. After all, who knows what potential "all-stars" might be waiting to be discovered on your team. All they need is a chance to shine.
In his biography of Bill Russell, author Murry R. Nelson writes about the NBA legend's athletic struggles in high school and about one teacher/coach who helped to bring out the best in the young man others had overlooked and taken for granted.
After failing to make the school's football team, Russell decided to try out for basketball instead. There were 15 spots available on the junior varsity team, and Russell, who had never played organized basketball before, was number 16 on the depth chart. But his coach "saw something in him as a person" and allowed him to split time with another player in order to make the team. He also helped Russell join the local Boys Club, where he could "practice his game on an indoor court."
"In return for the faith and 'investment' [the coach] made in him," Nelson writes, Russell "provided a constant drive and energy on the basketball court." What's more, he began practicing hard throughout the year and was able to make the varsity team his senior season.
Bill Russell would go on to enjoy a Hall of Fame career in the NBA, where he led the Boston Celtics to 11 NBA titles over the course of 13 years.
Just as faith from a coach helped to mold a young Bill Russell's career path, guidance and mentoring are valuable training tools in business, too. Providing team members with the resources and skills training needed to succeed at their jobs can make a difference not only for the individuals you're helping but also for the company (and team) as a whole. After all, who knows what potential "all-stars" might be waiting to be discovered on your team. All they need is a chance to shine.
Friday, August 2, 2013
Your VIP Clients
Even if you've already heard these statistics before or intuitively know them to be true based on your own experience, it may still be a bit startling to see them here again:
How can you keep customers coming back?
Sending simple thank you cards to show your appreciation is one idea. A monthly printed newsletter that informs, educates, and entertains is another. Picking up the phone and having a real conversation is perhaps the least expensive, yet most powerful way to retain existing clients.
There are many ways to show your appreciation, but timing is essential if you want to maximize the effect. The first 30 to 90 days after your new customer comes on board is the most important time to begin showing them your appreciation. If you haven't done so already, create a blueprint for your remarkable customer experience plan that must be followed throughout your organization. Place one or two key people in charge of overseeing this plan to make sure it is implemented and followed through with every new customer.
This plan should have tasks and due dates attached for each activity. For example, your plan might call for a thank you card to be sent the day after a new customer comes on board. Gifts, lunches, coffee, phone calls, newsletters, and personal visits can all be part of the plan, as well. Make your customers feel like VIPs. Listen to their needs and respond quickly. What's critical here is that you have a plan, that you have someone who is accountable for implementing the plan, and that you include due dates for each task in the plan.
Creating a remarkable customer experience can be as simple or as complex as you would like it to be. The more remarkable and unique you can make it, the more memorable the experience will be. The key is to have a plan and to always remember that it is much less expensive and profitable to keep an existing customer happy than it is to acquire a brand new customer.
- It can cost up to 7 times more to acquire one new customer than to keep a current one.
- The likelihood of a prospect buying from you is between 5 and 20%. The likelihood of an existing customer buying from you again is between 60 and 70%.
How can you keep customers coming back?
Sending simple thank you cards to show your appreciation is one idea. A monthly printed newsletter that informs, educates, and entertains is another. Picking up the phone and having a real conversation is perhaps the least expensive, yet most powerful way to retain existing clients.
There are many ways to show your appreciation, but timing is essential if you want to maximize the effect. The first 30 to 90 days after your new customer comes on board is the most important time to begin showing them your appreciation. If you haven't done so already, create a blueprint for your remarkable customer experience plan that must be followed throughout your organization. Place one or two key people in charge of overseeing this plan to make sure it is implemented and followed through with every new customer.
This plan should have tasks and due dates attached for each activity. For example, your plan might call for a thank you card to be sent the day after a new customer comes on board. Gifts, lunches, coffee, phone calls, newsletters, and personal visits can all be part of the plan, as well. Make your customers feel like VIPs. Listen to their needs and respond quickly. What's critical here is that you have a plan, that you have someone who is accountable for implementing the plan, and that you include due dates for each task in the plan.
Creating a remarkable customer experience can be as simple or as complex as you would like it to be. The more remarkable and unique you can make it, the more memorable the experience will be. The key is to have a plan and to always remember that it is much less expensive and profitable to keep an existing customer happy than it is to acquire a brand new customer.
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