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Entries Tagged as 'Business owner/leader stuff'

Your marketing includes way too much you

March 14th, 2013 · Business owner/leader stuff, Customers/Clients

Handsome man humor funny gesture in a mirrorOne of the most common mistakes marketers make is that they think their customers and prospects care about them, what they sell and how it works. The human truth is consumers really do think, feel and ask “what’s in it for me?”

They have something they want to accomplish – from getting a cereal that their kids will eat to finding the right de-greaser for their airplane engines. They know the result they’re after and their buying decision is going to be based on satisfying that need.

When it comes to buying decisions, those decisions are always:

  • Based on emotion (positive or negative ones)
  • Based on meeting our needs and wants (even implicit)

And the truth of it is, consumers usually don’t care about understanding the nitty gritty of how those needs and wants are met.

I’m not suggesting someone would turn a blind eye to dangers, laws or morals. But think of your own buying behaviors. Typically, we don’t care how something works, we just care that it does. Or we care about some very specific aspect of how it works that is tied to us getting the result that we want.

It might be speed, expense, reliability, safety etc. that is tied back to that emotional tug. It’s all about the end result, though. Contrast that “cut to the chase” hunger for a solution with the marketing or sales’ teams attempts to sell.

We often build elaborate cases for how and why our product/service is the absolutely right solution. We list benefits (with bullet points and visuals) that dig into the nuances of every aspect of how we get something accomplished. See the disconnect?

Worried that your marketing might be putting the spotlight on the wrong part of the equation? Here are some common trouble spots.

Headlines: Most headlines are feature headlines. They are about us, not the consumer. “From 0-60 in 5 seconds” is talking about an attribute of our product. “You’ll never be late for another soccer game” is about the buyer’s desires.

Try this instead: Make sure your headline is making a promise or pointing out the consequence of them not using your product. Use the buyer’s emotions to connect them to how your wares can solve their problem.

Tradeshow booths: Because space is at a premium in trades show signage, booth graphics and materials – we tend to use bullet points galore. We want to pack in the facts. Which means we’re telling our story, not the one the buyer wants to hear.

Try this instead: Think about what your prospects ask most. Use your booth to answer those frequently asked questions about end results, rather than talk features.

Sales presentations: If you pull out some old sales presentations, take this simple test. Grade each PowerPoint slide – about us or about them. In most cases, your slides are going to be 75% about you and about 25% about what the customer wants.

Try this instead: Use this recipe for putting together your next presentation. The first 2/3 of the slides should be about the client, client’s business, their challenge and what you can do it fix it. Then, take that final 1/3 of your slides and divide them into 2. The first half – you can give them some information about your company, working with you, etc. The final ½ should be re-focused on the prospect and solving their problem.

If you start looking at all of your marketing materials with this new perspective, you’ll quickly be able to spot which ones need to have their focus re-adjusted to be more about the customer and less about you.

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Are you ready for the attention?

January 8th, 2013 · Business owner/leader stuff, Marketing, Strategy

TRAKDOT-DEVICE2-640x480Let me paint you a picture.

You have a new product that you’re bringing to market in the next 60 days. You have the opportunity to showcase this new product at the world’s largest and best attended trade show for your industry.

You showcase the product and within hours — you have over 45,000 stories on Google about your new product.  And those stories are on sites like cnet.com, LA Times.com, Cult of Mac.com, forbes.com, and gizmodo.com.  Each story sings your product’s praises — talking about how useful it will be, how affordable it is and how cool anyone who owns it will feel.

Each and every story includes a picture of your product and a link to the product’s URL.

This is a dream come true, isn’t it?  It’s the holy grail of product launches. I don’t know about you — but I am getting a little weepy at the thought.

But wait. You see, there’s a little problem.  When you go to any of the 45,000 stories online and you click on www.trakdot.com — you get a 404 page.  That’s right — they debut their product at the Consumer Electronics Show and their website isn’t live.

WHAT??  Someone needs to be fired.  Today.

Trakdot hit a home run only to find out they were playing at the wrong ballpark on the wrong day.  I get it — they’re not ready to ship.  But I can’t even imagine the traffic those 45K stories drove to that URL.  (The story on CNN.com alone was re tweeted 827 times as of Tuesday afternoon) Grab people’s email addresses and send them a $5 off coupon.  Or offer to let them buy a day early if they share their contact information.  But don’t invite them over and then lock the door so they can’t come in!

This example — extreme and painful as it may be — reminds me how often companies go to trade shows without doing their homework.  And it’s not just trade shows.  It’s sending out press releases, doing a mailing to prospects — it’s marketing in general.

Here are some things you can/should do so that you never get caught being this clueless:

Check every detail:  Dial every phone number, enter every URL, drive or mapquest every address.  If you are going to include contact info — be sure it’s accurate, the people on the other end of the number or address are ready/prepped and it’s exactly where someone reacting to the marketing piece would want to be sent.

Anticipate reactions: Ask yourself — when someone sees this (hears about this, reads this, etc.) what might they do?

  • They might share it with others (so we might get even more traffic)
  • They might try to contact us (see check details above)
  • They might want to buy it (make it easy to find/do)
  • They might want to read reviews (share links) or review it (again — share links)
  • They might write a blog post (have Google Alerts set up and know the plan in terms of responding)
  • They might want more information (make sure the website is live, you have fact sheets to download etc.)
  • They might want to inquire about a large/group order (have a directory if they need to reach different people for different types of interactions)

You get the idea… be ready.

Have back up plans in case things go big or go wrong: Sometimes you just can’t anticipate how a market will respond. So have a contingency plan just in case. And you need to have a contingency plan for the incredibly good or the incredibly bad.  What if the product reviews are horrible?  What if United Airlines decides to buy enough to give everyone in their Mileage Plus program one? You need to be ready for either end of the “oh my God” spectrum.

Don’t let any show/publication/holiday or other outside influence get you to pull the trigger if you are not ready:  We all know how big a deal CES is.  But no event is worth looking unprepared or stupid. If you aren’t ready — you aren’t ready.

All of these suggestions are true, whether you’re a 25 year old product or brand new. Marketing isn’t just about the sex appeal, flashy stuff.  At it’s core, it’s a discipline. It’s about getting the details right. And it’s about thinking something through before you jump.

You don’t get a second chance to make a first impression and once the media has “discovered” you, they aren’t going to discover you again.  Be ready or stay home until you are.

 

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One Page Business Plan Template

December 3rd, 2012 · Business owner/leader stuff, Strategy · 3 Comments

Most businesses don’t create a plan for the upcoming year because it’s too daunting a task.  Which is why I’m a big advocate of the one page business plan and why I am sharing our one page business plan template with all of you. It’s based on a couple of assumptions.  First — no business [Read more...]

5 Marketing To Dos to get done before 2013

November 28th, 2012 · Business owner/leader stuff, Marketing, Strategy · 13 Comments

This is the time of year where work grinds to a halt. We have another two weeks or so before the holiday frenzy, parties, hangovers and the general professional apathy creeps in and productivity becomes a dirty word. But don’t give up hope yet.  I think there’s still a few things we can get done [Read more...]

Persuasive storytelling is centuries old

November 7th, 2012 · Books, Business owner/leader stuff, Storytelling · 2 Comments

Let me tell you a little story.  I promise — we’ll close the circle with some marketing insights but I need to set the stage. Back when I launched my blog in ’06, I met Todd Andrlik about the time he was creating what would eventually become the AdAge Power 150 index of marketing blogs. [Read more...]

Desperate makes us both feel cheap (pricing strategy)

October 5th, 2012 · Business owner/leader stuff, Psychology · 6 Comments

Your pricing strategy should never be accidental.  It’s a vital element in your marketing mix. Let me give you an example:  We use an outside vendor to provide extranet services for our clients.  We’d been with them for over five years. We recently discovered a better solution.  Not only is it better, but it’s also [Read more...]

They’ll buy when they trust

September 27th, 2012 · Business owner/leader stuff, Content Marketing, Psychology, Sales, Social Media · 4 Comments

Here’s an equation that every business owner needs to understand. Know + Like + Trust = Buy. Whether you sell toothbrushes or multi-million dollar medical equipment and everything in between — until a customer: Knows who you are Likes who you are Trusts you there is no purchase.  The depth of the trust required varies [Read more...]

Get your brand on

September 20th, 2012 · Branding, Business owner/leader stuff · No Comments

If I’ve said it once, I’ve said it a thousand times — your brand is not your logo.  It’s so much more. Want to explore what branding is really about and how it can completely change the trajectory of your company?  Then you need to get to Chicago on October 11th for my friends at [Read more...]

Social Media Primer – yours for the asking

September 13th, 2012 · Business owner/leader stuff, Social Media · 1 Comment

There’s so much going on in the social media world — it’s hard to keep up.  But don’t worry — we’ve got the answer for you. We’ve created a new educational series called 60 Ticks to Social. (Drew’s Marketing Minute…get it) When you sign up, we’ll send you one email a week for about 18-20 [Read more...]

The most important job any business owner has

September 6th, 2012 · Branding, Business owner/leader stuff, Strategy · No Comments

You know…sometimes we make things so much more complicated than they need to be.  Do you want to own or work for a company with longevity, a strong reputation and customers who are your best advertising? Then follow this advice from The Little Blue Book of Advertising.  But I warn you…the simplicity of the advice [Read more...]