One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity.
–Bruce Lee
Simplicity Quotable Quote – Bruce Lee
July 2, 2008Do You Have A Marketing Mentality?
July 1, 2008By David Eissman, founder of Guaranteed Growth Systems
Most small business owners and independent professionals start their business primarily because they have knowledge and skills that are in demand. While they understand intellectually that they have to market and sell, often it does not translate on an emotional level. Many business owners tend to look at marketing as a necessary evil, and in many cases, have negative beliefs toward it. They could not stand to be hounded by those pesky salesman in their previous jobs and do not want to “become on of them.” As a result, the tendency is to focus on the aspects of our business that were the reason we chose to go into business in the first place, the actual application of our knowledge or skills.
What is a marketing mentality and how is it developed? There are three components that all link together:
1) The first component is belief. What are the underlying beliefs that affect our mentality? It encompasses our attitudes, thoughts, fears, expectations, and lack of experience. Our actions are shaped by what we think about, what we assume to be true and where we choose to focus. If the thoughts are negative or avoidance minded then we will see marketing as undesirable and in some cases unethical. It will manifest in self talk such as: I don’t deserve referrals, my marketing won’t work anyway; I will look desperate; if my service or product is good the market will know that; I don’t like networking; etc.
2) The second component is behavior which is generally driven by our beliefs. The decisions we make every day are critical and negative beliefs about marketing affect the decisions that are made. For example, how often do we plan for the week and tell ourselves that on Tuesday we will focus three hours on marketing. Tuesday morning rolls along and we receive a client call or an issue or problem with an employee and then rationalize that the marketing must be put off because these issues must be dealt with immediately. The question is how often this is really true. In my experience working with clients the answer is rarely. Although we know that the marketing is important, we let our negative beliefs affect our behavior. Before we know it the pipeline is dry, and then some type of marketing activity is undertaken in an unplanned haphazard manner.
3) The third component is relationship. In order to have consistent lead generation and sales there must be a relationship cultivated with an adequate amount of prospects. This is the main function of marketing. It is the adage of people to do business with those they know, like and trust. Without a consistent and systematic marketing plan, there will not be a sufficient lead generation process.
The linkage is very powerful. The beliefs affect the behaviors and the behaviors affect the ability to develop the relationships. The connectivity between these elements is extremely leveraged in both a positive and negative direction. When they are aligned, the results are extraordinary, and when they are not, the results can be devastating.
So, if you are in this quandary, what can be done about it? First, sit down and make a list, and inventory what your beliefs are about marketing. Be honest and list as many as you can. Then ask yourself about whether these beliefs are really true, or just simply a personal bias. Second, are you absolutely sure what you believe is true, or is it possible that it is not? Next, evaluate how this belief affects your behavior and what would happen if this belief is changed. Try to reconstruct the thought to a more positive mindset. The next step is to translate those new thoughts into new behaviors. One of the best techniques for doing so is to block out time on your calendar and treat it as if it were an appointment with your best client. You surely would not miss an appointment with your best client to deal with a task that was short of an emergency, would you? After a short time, these new behaviors will become habits and the rewards will follow.
If marketing is a struggle, it is absolutely critical to engage in this marketing mentality process. Many companies with great services and products go out of business because they could not implement a consistent lead generation system. Most often that failure starts with the lack of a marketing mentality. The great news is that the necessary mentality can be developed with effort, focus, and an open mind. You will be amazed by the impact on your business.
Source: Reprinted from John Jantesh’s Small Business Articles Duct Tape Marketing (www.ducttapemarketing.com).
The HUGE Value Of A Learning Strategy
June 19, 2008Maybe it’s because I recently completed an eighty page e-Learning Strategy for a client, but this article by my good friend Kevin Moore succinctly spells out the value of creating a learning strategy. Many companies forgo this exercise because they see it as a waste of time and/or money. My experience has shown this saves money and time in the long run — it also saves a lot of grief and headaches. Check it out.
By Kevin Moore
Recently I’ve had the opportunity to work with some very large organizations (large to me = billion or more in revenue and 10 to 20 thousand people) who are wonderfully talented and really smart but fail to have a strategy in place to help them navigate this learning and performance world. Taking time to develop a strategy is one of the most thoughtful, professional, and organizationally responsible things any leader can do for their organization. Simply put, it allows you to make better decisions and align and link your group’s achievements to the rest of the organization. This makes everything you do within your group more effective and efficient, rather than unorganized and uncoordinated. These are not hard to do….really! However, I will recommend using a consultant organization as they can set up and run meetings, interviews, and group data collection activities across organizations that are sometimes limited by politics and positions from folks who are within the organization. Also, I wouldn’t pay for a lengthy engagement but I would hire a group who has done learning strategy analysis, has a methodology, can show you some past successes, and can get in and get out in a limited amount of time. This article is taken from an opening chapter in an eBook that was published by the eLearning Guild earlier this year. I wrote the opening chapter but you should also take a look at some of the other chapters as they are written by some folks who I consider pretty accomplished and credible. You decide….
You can go download the entire book from our website. Look on the left side menu there is a download button. What I’ve taken from the chapter for this article is some of the background information, intent of the strategy, and what it should encompass.
Learning Strategy
A learning strategy describes the input, output, and measures of the system and should have organizational, departmental, business unit, and individual references. This should be a far reaching document that details how the organization is going to facilitate continuous improvement in its employees. This implies a focus on the development of a learning culture. To achieve this goal, the utility of knowledge must be increased through three key components:
- Capture/creation of data, information and knowledge assets in support of each individual’s performance functions across the organization. Links to knowledge management and document management practices.
- Intelligent storage leveraging useful taxonomies, search, and retrieve capability that better manages and improves access to content.
- Dissemination/access practices, including but not limited to: e-Learning, instructor-led training, documentation, mentoring/coaching, and outside sources.
4 Communication Styles To Reach Customers
June 17, 2008How can we use the four communication styles to connect to more potential clients? Why do we need to be aware of these styles when writing our direct mail literature?
If you haven’t asked yourselves these questions before writing your next direct mail piece, you may be missing a lot of opportunities. When we write to an unknown audience we need to make sure we capture the attention of each of the four communication styles.
1. Directors: The first line of your document must attract the “Directors.” It must be direct, to the point, and state clearly the main purpose of the document. You need to answer the question for this reader, “What’s in it for me?” The very last line of the document must tell them how to take action to buy your product because their overriding need is to finish each task.
Example: The new A500 with increased speed and reliability, doubling your productivity, can be ordered directly from our website at http://www.whateveryourwebsite.com.
2. Socializers: Next we can appeal to the “Socializers.” Their driving need is to be appreciated. You need to explain how your product will get them more attention from those they care about. You need to emphasize the “newness,” creativity, or flexibility of the product.
Example: You’ll be surprised when your friends and family continually ask you to show them the new and exciting ways to use the improved time-saving features of the A500.
3. Thinkers: For our “Thinkers” you need to include a chart or graph that specifically depicts the statistics that prove your product is bigger, faster, more reliable, or more efficient. They love facts and details, and those must be presented in a very eye-catching way. You cannot let the details get lost in the body of your document. Remember to leave a lot of white space around your chart of specifications so that the “Thinkers” are drawn to the information.
Example:
Specifications
Reliability: 9.99998%
Operation Hours: 2000 hrs.
Battery Life: 3 years
4. Relaters: Lastly, you must include our “Relaters.” Their focus is on being liked and belonging to the group. They want harmony and a way for everyone to avoid conflict. You need to make sure they know how your product enables them to share with others. This style really appreciates testimonials because they highly value the opinions of others. They will seek out this information by asking all their friends if they have used your product or know anyone who has used it. Don’t make them search for this information; give them the testimonials and endorsements right near the bottom of your document.
Example: “I am thrilled with the wonderful new features of the A500. It has saved me so much time and energy, and my whole family loves to use it. In fact three of my neighbors have already asked to borrow it.” Susan, Dallas,TX.
We all have a dominant communication style and it governs how we respond to information. So the next time you are putting together your direct mail document, keep the four styles in mind and appeal individually to each one.
Source: Valerie Kendrick is the President of Kendrick Resources LLC, specializing in communications skills training. She has been called the “Grammar Guru” because of her passion to help the business person communicate more effectively.
Weird Week In Review – June 6
June 8, 2008In case you missed last week, here is your one stop review of all things from WeirdGuy blog. Have fun!
5 Effective (Though Less Obvious) Powers Of A Press Release
Shake Up Your Business – It Can Be A Good Thing!
How To Be A UX Design Team Of One
Ironman Case Mod – Awesome! [PICS]
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Weird Week In Review – May 30
May 31, 2008In case you missed last week, here is your one stop review of all things from WeirdGuy blog. Have fun!
Is The Market Ready For Modbook?
Top 10 Excuses To Stay In A Bad Workplace
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Weird Week In Review – May 9
May 12, 2008In case you missed last week, here is your one stop review of all things from WeirdGuy blog. Have fun!
CMO Guide to Brand Management Using Social Media
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Weird Week In Review – May 2
May 2, 2008In case you missed last week, here is your one stop review of all things from WeirdGuy blog. Have fun!
Branding 101 – Get A Good Editor [PIC]
21 Keys to Improving Customer Retention through Relationship Marketing
21 Keys To Improving Customer Retention – Pt.2
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21 Keys To Improving Customer Retention – Pt.2
April 30, 2008Yesterday we offered you the first 11 tips of Mark Hallen’s checklist for improving customer retention. Today is the second installment with the final 10 tips.
12. Give Instruction On How To Get The Most Use From Products And Services
Obviously, this is most important with brand new customers, but also has retention value when an existing customer renews, buys a more expensive model, or accepts a new release of the product.
13. Do Not Turn All Communications Into Sales Pitches
Don’t train the customer to believe that anything with your logo is trying to sell him something. Communications that are thank you’s, welcomes, usage tips, anniversary messages, case studies, etc. make the customer feel that he is more than just a target for additional sales, and pave the way for opening the envelope when you are selling.
14. Assume That All New Customers Are Created Equal
When somebody first buys your product, you may not know how good a customer they’re likely to be. Only performance can dictate that. Therefore you won’t be able to pick and choose which customers to invest in with a relationship program. However, you can reduce or increase the investment in a customer as you see what kind of customer he is.
15. Don’t Try To Start The Relationship In The Middle
This is the corollary to #1 (realize that your retention program starts on Day One). While an action-based loyalty program can be augmented at any time, a true relationship program will get the biggest return by beginning at the beginning. There will be less effect with older customers.
16. Understand That Unexpected “Perks” Do More Than Expected Ones
Think carefully about how you position extras. Let’s say, for instance, that you’re marketing software to an installed base. If the upgrade mailing says “and you’ll get 30 days free support” it might get some extra sales, but it may also decrease response because the customer thinks support will be necessary. It also raises expectations and may lead to disappointment. However, if you tell users AFTER they upgrade “to thank you for your purchase, we’re giving you 30 days FREE support” it can’t have a negative affect. It lets them know you’re thinking about their welfare, since there is no (obvious) profit in it for you. In addition, because it was a “surprise” and not an incentive, users’ expectations for it are lower: whatever they get is a bonus.
17. Determine The Effects Of Any Retention or Relationship Program Only In The Long Term
By definition, any relationship program must be viewed as a long-term investment with the potential for a sizable, but deferred, return on that investment. Do not look to see results this quarter or even this fiscal year. Your customer will reward you for good products, service and treatment only after a long enough period of time that establishes this as your company’s way of doing business.
18. Make Customers Feel That The Relationship Is Worth Something
Here’s a real relationship killer. I get a mailing with a special “customer price,” then see a lower price in a store (or store circular) where anyone can walk in off the street. Treat me as an “insider,” eligible for things that a non-customer can’t get. Otherwise, what’s in it for me?
19. Keep A Control Group Long-Term
To accurately measure the affect–and ROI–of a relationship program, you must retain a control group that has absolutely no contact with any component of the relationship program. Just as important, every action of this control group must be compared to the test group for a long period of time.
20. Define Your Goals And Be Sure They Can Be Accomplished
Direct marketing is not a branding or image medium. Even mailing monthly, the frequency just isn’t there to create a brand. Direct marketing can reinforce what I already think about the company, but not change it. That’s why it’s so important to start with new customers; that’s when they feel best about us, so it’s the best time to build on that.
21. Do Not Even Think About A Relationship Program Without Reciting This Mantra: “LIFETIME CUSTOMER VALUE IS EVERYTHING”
All marketing should have lifetime customer value in mind, but it’s the whole point of relationship marketing. Three, five, 10 years from now, how much more business have you done with Customer A (in whom you invested in a relationship program) vs. Customer B (in whom you made no additional investment). If you don’t plan to look at the program this way, there’s really no reason to do it in the first place.
Source: This article came from Lee Marc Stein. Lee Marc Stein’s Direct Marketing Newsletter Issue #55.
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- 21 Keys To Improving Customer Retention (Pt.1)
21 Keys to Improving Customer Retention through Relationship Marketing
April 29, 2008By Marc Hallen
Lee Marc Stein developed this checklist with copywriter Mark Hallen, in preparation for a major client. They came up with so many ways to improve customer retention. View the first 11 keys here.
1. Realize That Your Retention Program Starts On Day One
If your business model involves lead generation, Day One begins with your handling of the lead. You not only affect conversion, but the tone of the entire relationship.
If you’re generating most of your new customers at retail, Day One is what happens when customers open the box after they’ve left the store. Are you doing enough to get them to register with you? How can you help them use the product more easily?
2. Assume That All New Customers Are Created Equal
As a general rule that worked in the past, a new customer generated through direct mail always had a longer lifetime value than a customer coming through direct response TV, inserts, or retail. Now, because of the Internet and because consumers are using all their channel options, we don’t know how good a customer they’re likely to be. Only performance can dictate that. Therefore you won’t be able to pick and choose which customers to invest in with a relationship program. As the relationship unfolds, we can reduce or increase the investment.
3. Don’t Try To Start The Relationship In The Middle
While an action-based loyalty program can be augmented at anytime, a true relationship program will get the biggest return by beginning at the beginning. There will be less effect with older customers.
4. Make It Easy To Be A Customer
Remove some of the necessary barriers you set up for suspects and prospects (e.g. automated email and voice response, long login forms). Think about a dedicated phone line for repeat customers. Some companies have different (easy re-order) web sites for customers than for prospects.
5. Reward And Recognize Longevity
You can afford to give long-time customers discounts, special services, and red carpet treatment. Don’t think so? Do the math. In many cases, it’s not even necessary to invest in a formal “loyalty” program. Recognition can go as far in exceeding customers’ expectations as rewards. Stage and invite best customers to “inner circle” events, even if the customer has to pay for the trip. Example: For its Select Banking customers, Chase arranges for a week-long golfing trip to Scotland. Even having a dedicated phone line for long-term customers can help them understand how much they’re appreciated.
6. Divide And Conquer.
Score your customers as you would prospects and leads. You can do this in many ways – everything from the old standard RFM (recency, frequency, monetary value) to share-of-wallet and potential based on relationships with other direct marketers. Once your customer files are scored, break customers up into distinct groups and build mini-marketing plans based on the segments’ unique needs, previous behaviors, established predispositions and potential to grow. Be sure to establish control groups within each segment so you can see the incremental value of your new marketing efforts.
7. Personalize And Customize.
Think about how good it feels when the waiter at your favorite restaurant greets you by name and knows exactly where you want to sit. You return again and again and always tip more than usual. The same thing works even with hardened enterprise IT buyers. Give them advice, counsel and content specific to their needs. There’s no question that direct marketers have the technology to do this.
8. Market To The Life Cycle Stage And To The Customer’s Schedule
New customers have different needs and expectations than those you’ve had for years. What’s even trickier is that new customers acquired today will probably have different needs than the new customers you acquired three, five or ten years ago did. Do the research to understand and respond to these differences.
Track triggers to certain behaviors and use those triggers to time your messages. When is a customer most likely to buy again? Immediately? A month later? A year later?
9. Ask Them What They Want
Most people want their opinions heard. And they’ll like being asked for them. The act of surveying your customers makes them think you care. When you report the results of the survey back to them, that’s a double confirmation of your concern. While you don’t want to do format surveys too often, you can get feedback after particular transactions.
10. Turn Customers Into Stakeholders
Build a customer panel and/or an advisory board and invite customers to join. You’ll be surprised by how many will join, share, refer and buy more as a result of their participation. If you listen and act on what they have to say, that not only builds their loyalty but makes them more willing to reach out to prospects.
11. Use The Power of Referral Programs
No customer is going to make referrals and then defect. Most customers will feel even better about the value of your product or service when they refer you to people like themselves who have stronger retention value.
Don’t forget to check back next month for the second half of Lee Marc Stein’s 21 improvement keys!
Source: Lee Marc Stein’s Direct Marketing Newsletter Issue #55.
Weird Week In Review – April 25
April 26, 2008In case you missed last week, here is your one stop review of all things from WeirdGuy blog. Have fun!
Make Your Achievements Standout
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Weird Week In Review – April 18
April 18, 2008In case you missed last week, here is your one stop review of all things from WeirdGuy blog. Have fun!
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