davidpoulos.com

Author: David Poulos

  • Brand Effectiveness Key to Membership Growth

    Brand Effectiveness Key to Membership Growth

    The visibility, awareness and effectiveness of your organization’s brand directly impact your ability to recruit and retain members. If your organization isn’t the first thing member prospects think of when they turn to industry issues, there’s work to be done.

    But where to start?

    As popular wisdom has it, knowing and admitting you have a problem is half way to solving it. In this case, that means doing a little member research to determine how your members and prospective members view your organization through its brand. This can take one of several forms, including a quick poll on your website, a phone survey, an e-mail or electronic survey, or a paper/mail survey. Regardless of the format, the recipient list should be equal parts members and prospects, to get both perspectives and spot any disconnects between those that know the organization from the inside versus what the brand alone presents to the outside world. The included questions should be formulated so that the responses returned are actionable, and give you some indication of their perceptions of the brand and the organization behind it, based on their actual experience with you, as customers, as members, as industry participants.

    Reading the results in a timely fashion is important, as the cyclic nature of non-profit schedules creates peaks and valleys in the brand perception and awareness level, depending upon what time of the year it is, and how high the level of activity involving members is at the time you launch the survey. For organizations that have even more volatile years, it may be necessary to do two sets of surveys at different times of the year and compare the results to get a good reliable read on the level of awareness you can count on.

    The results of your survey are one source of data, but there are other sources that while less formal or quantifiable, are just as valid in getting a read on your brand awareness and effectiveness. These include interviews with Board members, committee members, volunteers, chapter presidents or directors, vendors, other related professionals, including members of related associations, and members of ASAE.

    Once all this data is collected, it needs to be interpreted accurately so that the actions you take drive your brand efforts in the most effective direction possible. Some items will be readily apparent if the surveys and interviews were constructed correctly. One good tool you can use to read your results is to retrieve the set of brand characteristics from the marketing archives, and see how many of your responses line up with those characteristics. If your responses, including the open-ended comments, use some of the terms and attributes that make up your organization’s brand, then you’ve got a good solid start on reading your data correctly and rating a good score on your brand effectiveness. Conversely, if very few or none of the responses include those attributes on the list, there’s a good chance there’s a disconnect between what you’re trying to convey with your brand, and how it’s being perceived by the various populations it’s designed to serve.

     

    Now that you’ve got a read on how well you’re doing, how do you go about improving? The answer, much as it’s been overused by too many of us in today’s litigious society – it depends. It depends upon what your data tells you, and every case is different. However there are some common scenarios and a few valuable remedies to match them.

    Scenario #1 – Our brand registers very low on the surveys for memorability.

    Typically this means that your customer base doesn’t remember your brand in response to a question designed to illicit a favorable response unprompted. Your organization isn’t top of mind for them as relates to your products or services, and someone else’s brand is. That could mean that your exposure frequency is too low, they don’t see enough from you to keep memorability high enough. It could be that a competitor has captured some key emotional connection to the customer that you have not, despite an inferior product or service – they’re not as good, but customers remember them because they’re “out there” more. This can be remedied with some increase in exposure to key audiences – your top buyers should hear more from you in a positive light to reassure them that you offer the product or services that give the best value. Putting your brand in front of them for positive reasons, like a price discount, a new offer that really saves money, rebate eligibility or other product or service related reason other than to sell them something should go a long way toward remedying this issue. It will boost memorability without seeming like you’re overselling them, a positive cognitive light that will cement the brand in the uppermost memory of the customer.

    Scenario #2 – Our brand rates favorably and has high memory retention among customers, but neither do as well among prospects.

    Usually, this indicates that your product or service has to be “seen to be believed” – it’s value is best seen at delivery or in the transaction, rather than prior to receiving it. This is a sticky problem that has to do as much with promotional direction and relevance as anything else. Your customers know you and have experienced your value, been satisfied with the product or service upon and after delivery and the reputation of the brand was reinforced positively. Prospects, on the other hand, only know you by your “public” face – advertising, packaging, direct marketing, sponsorship associations. The brand unfortunately has little carriage by word of mouth, based on the fact that satisfied customers are not waving your flag and passing on the good word to prospects themselves. Prospects only get a read based on what you tell them. Look to your research and find those key hot buttons of your best customers, and promote those attributes to prospects more heavily. Also, compare your reading on prospects versus customers in other areas of your brand – you may find another disconnect in their perceptions that could cause this effect, and you can remedy both with a shift in your promotional or creative approach to highlight those key elements more heavily. Align your creative with those highest ranking attributes of your best customers, and the prospects should get the best, most relevant perception of your product.

    These are just two of the possible outcomes to this type of analysis. In Part II, we’ll outline some additional outcomes and the directions they indicate you should make adjustments. Suffice to say that if you’re brand is aligned with your message and your audience, you’ve got a strong package for success.

    If you liked what you read here, and would like to read more, subscribe to this blog and watch your inbox for Part II, and be sure and pick up a copy of “The Marketing Doctor’s Survival Notes”

     

  • Is A Graduate Degree Keeping You From Getting Hired At A Start-up?

    Is A Graduate Degree Keeping You From Getting Hired At A Start-up?

    I came across this article, Why Start-ups Shouldn’t Hire People With Graduate Degrees by Penelope Trunk on bNet, and thought it was particularly appropriate for our Entrepreneurship Practice – having lectured at both undergraduate and graduate level and worked with a variety of students, I feel this rings true. Having worked with start-ups and started seven businesses in the last 30 years, I can relate to the pool of talent that comes out of b-schools over the last three decades – they need more resources, more management time and more seasoning than undergrads with 2 years of work experience ever did. They whined more and produced less than their less educated counterparts, too.

    See if you agree after reading Ms. Trunk’s words of wisdom . . .

    It’s likely that if a person attended graduate school, he will have a hard time translating his strengths into strong workplace performance — especially at start-ups.

    Most people who went to grad school did it to prolong adolescent needs for grade-based approval. (Note: This analysis comes from writers at the Chronicle for Higher Education.) This is because the grad school model is generally outdated for today’s workforce, and high performers see this before they enroll. But people who are scared of trying to hold their own in the workforce see grad school as a way around the inevitable difficulties of finding a job one enjoys.

    Here are three reasons why it’s a decent bet to stay away from candidates with graduate degrees when you need to hire at your start-up:

     

    1. Humanities are for people who are afraid of adult life.

    My experience with graduate school was for English. I tried it when I couldn’t figure out what job I was qualified to do.

    The answer, in fact, was that I was not qualified to do any job before grad school — but I was not qualified to do any job after grad school either. So I left early, without the degree, when I realized graduate school is stupid.

    It’s not just the field of English that is a dead end. One would have had a better chance surviving the Titanic than getting a job as any type of humanities professor. Humanities PhD programs suck up time and energy with little return.

    Most people who go to grad school for humanities defend their decision by saying they love their topic. But look, if you love your topic, you can do it after work. Just open a book and read it on your own.

     

    2. Business school is for people who lack ideas and initiative.

    The big question you should ask when business school graduates tell you they want to work for your start-up is: Why did these people just dump $100,000 into a business degree instead of dumping it into their own company?

    If they really wanted to work at a start-up, why didn’t they launch one? Clearly, money was not the barrier, because they had $100,000 to burn. So it’s something else.

    I think they don’t start companies because they do not have any ideas. Or, in the case where a person actually does have ideas, he doesn’t believe in himself enough to give his own ideas a shot.

    So why should you believe in this person?

    Take a look at how many smart people write about how business school is not a good path to entrepreneurship. The only reason we are even talking about business school in relation to entrepreneurship is that so many people want to be entrepreneurs that business schools had to launch entrepreneurship programs to attract those people.

    During my days as a journalist, I interviewed Saras Sarasvathy, from Dartmouth’s business school. She explained to me the research about the traits of a successful entrepreneur. And believe me, none of those traits requires a degree from business school.

     

    3. Law school is for people who lack creativity and will likely fail in the workplace.

    Yes, this is a generalization. But there is pretty good evidence to back up this generalization.

    For starters, most lawyers hate being lawyers. There are five, big myths about being a lawyer, but the main problem boils down to this: To get in to law school, you have to be great at school (reading and regurgitating back to the professors what they want to hear) and you have to be great at test-taking (the LSAT still rules admissions).

    So law school selects for people who are rule followers and like to be told what to do.

    But to be a successful lawyer, you have to be great at marketing and client relations. Otherwise you won’t make any money because you won’t bring in any business.

    People applying to law school ignore this problem. (And so do law schools, but that’s another story.) The reason law students ignore it is because they are so desperate to have a clear path to money based on the skills they have exhibited in school. The desperate need for a safe route makes people ignore the fact that law school is very, very high risk for an unhappy life.

     

    4. People with multiple degrees will be a pain in the ass.

    Why would anyone get two degrees? It’s like being a triple major. Anyone who is a triple major as an undergrad is likely to be awful to work with. A triple major is myopic in her knowledge, insecure with her own identity, and desperate to impress. There is no good reason to have a triple major in a world where it’s clear that an undergraduate education does not really teach you anything about your major anyway.

    The same can be said about people with multiple graduate degrees. It’s just that as an undergrad, the triple major is trying to find an excuse not to have to socialize. A graduate student is trying to find an excuse not to have to embark on adult life. And that’s not the kind of person who’s going to add a lot of value to your company.

    Which leads me to the best hire you can make: Someone who faces the difficulties of adult life head on and takes personal responsibility for building his own skills. Someone who makes time to develop social skills, test his own ideas, and take risks that are scary but necessary for growth.

    Those people often look messy. Adult life is messy. But it’s better to hire someone who has waded through the mess of growing up than someone who has avoided it at all cost.

    If you find this strikes a nerve, or if you think it’s spot on, and would like more, subscribe to this blog above – and don’t forget to pick up your copy of “The Marketing Doctor’s Survival Notes” 

     

  • Selling Is Not About Relationships

    Selling Is Not About Relationships

    Reposted courtesy of HBR, copyright 2011
    Matthew Dixon is Managing Director of the Corporate Executive Board’s Sales and Service Practice. Brent Adamson is Senior Director of the Sales Executive Council, a division of the Sales and Service Practice. Their new book, The Challenger Sale: Taking Control of the Customer Conversation, is forthcoming November 10, 2011 from Portfolio/Penguin.

    This post, the first of a four-part series, is also part of the HBR Insight Center Growing the Top Line.

    Ask any sales leader how selling has changed in the past decade, and you’ll hear a lot of answers but only one recurring theme: It’s a lot harder. Yet even in these difficult times, every sales organization has a few stellar performers. Who are these people? How can we bottle their magic?

    To understand what sets apart this special group of sales reps, the Sales Executive Council launched a global study of sales rep productivity three years ago involving more than 6,000 reps across nearly 100 companies in multiple industries.

    We now have an answer, which we’ve captured in the following three insights:

     

    1. Every sales professional falls into one of five distinct profiles.

    Quantitatively speaking, just about every B2B sales rep in the world is one of the following types, characterized by a specific set of skills and behaviors that defines the rep’s primary mode of interacting with customers:

    • Relationship Builders focus on developing strong personal and professional relationships and advocates across the customer organization. They are generous with their time, strive to meet customers’ every need, and work hard to resolve tensions in the commercial relationship.
    • Hard Workers show up early, stay late, and always go the extra mile. They’ll make more calls in an hour and conduct more visits in a week than just about anyone else on the team.
    • Lone Wolves are the deeply self-confident, the rule-breaking cowboys of the sales force who do things their way or not at all.
    • Reactive Problem Solvers are, from the customers’ standpoint, highly reliable and detail-oriented. They focus on post-sales follow-up, ensuring that service issues related to implementation and execution are addressed quickly and thoroughly.
    • Challengers use their deep understanding of their customers’ business to push their thinking and take control of the sales conversation. They’re not afraid to share even potentially controversial views and are assertive — with both their customers and bosses.

     

    2. Challengers dramatically outperform the other profiles, particularly Relationship Builders.

    When we look at average reps, we find a fairly even distribution across all five of these profiles. But while there may be five ways to be average, there’s only one way to be a star. We found that Challenger reps dominate the high-performer population, making up close to 40% of star reps in our study.

    What makes the Challenger approach different?

    The data tell us that these reps are defined by three key capabilities:

    • Challengers teach their customers. They focus the sales conversation not on features and benefits but on insight, bringing a unique (and typically provocative) perspective on the customer’s business. They come to the table with new ideas for their customers that can make money or save money — often opportunities the customer hadn’t realized even existed.

     

    • Challengers tailor their sales message to the customer They have a finely tuned sense of individual customer objectives and value drivers and use this knowledge to effectively position their sales pitch to different types of customer stakeholders within the organization.

     

    • Challengers take control of the sale. While not aggressive, they are certainly assertive. They are comfortable with tension and are unlikely to acquiesce to every customer demand. When necessary, they can press customers a bit — not just in terms of their thinking but around things like price.

     

    We’ll discuss each of these capabilities in more depth in our upcoming posts, but just as surprising as it is that Challengers win, it’s almost more eye-opening who loses. In our study, Relationship Builders come in dead last, accounting for only 7% of all high performers.

    Why is this? It’s certainly not because relationships no longer matter in B2B sales–that would be a naïve conclusion. Rather, what the data tell us is that it is the nature of the relationships that matter. Challengers win by pushing customers to think differently, using insight to create constructive tension in the sale. Relationship Builders, on the other hand, focus on relieving tension by giving in to the customer’s every demand. Where Challengers push customers outside their comfort zone, Relationship Builders are focused on being accepted into it. They focus on building strong personal relationships across the customer organization, being likable and generous with their time. The Relationship Builder adopts a service mentality. While the Challenger is focused on customer value, the Relationship Builder is more concerned with convenience. At the end of the day, a conversation with a Relationship Builder is probably professional, even enjoyable, but it isn’t as effective because it doesn’t ultimately help customers make progress against their goals.

    This finding — that Challengers win and Relationship Builders lose — is one that sales leaders often find deeply troubling, because their organizations have placed by far their biggest bet on recruiting, developing, and rewarding Relationship Builders, the profile least likely to win.

    Here’s how one of our members in the hospitality industry put it when he saw these results: “You know, this is really hard to look at. For the past 10 years, it’s been our explicit strategy to hire effective Relationship Builders. After all, we’re in the hospitality business. And, for a while, that approach worked well. But ever since the economy crashed, my Relationship Builders are completely lost. They can’t sell a thing. And as I look at this, now I know why.”

     

    3. Challengers dominate the world of complex “solution-selling”

    Given the first two findings, it might be reasonable to conclude that Challengers are the down-economy reps and that when things return to normal, Relationship Builders will once again prevail. But our data suggest that this is wishful thinking.

    When we cut the data by complexity of sale — that is, separating out transactional, product-selling reps from complex, solution-selling reps — we find that Challengers absolutely dominate as selling gets more complex. Fully 54% of all star reps in a solution-selling environment are Challengers. At the same time, Relationship Builders fall off the map almost entirely, representing only 4% of high-performing reps in complex environments.

    Put differently, Challengers win because they’ve mastered the complex sale, not because they’ve mastered a complex economy. Your very best sales reps — the ones who carried you through the downturn — aren’t just the top performers of today but the top performers of tomorrow, as they are far better able to drive sales and deliver customer value in any kind of economic environment. For any company on a journey from selling products to selling solutions — which is a migration that more than 75% of the companies I work with say they are pursuing — the Challenger selling approach represents a dramatically improved recipe for driving top-line growth.

    If you found this valuable, you can have more like this delivered to your inbox weekly – FREE, just by subscribing to this blog above. And, don’t forget to pick up your copy of “The Marketing Doctor’s Survival Notes”

     

  • Want To Boost Profits? Never Mind Customer Satisfaction, Watch Your Rank

    Want To Boost Profits? Never Mind Customer Satisfaction, Watch Your Rank

    According to a study released by researchers at Fordham University and Ipsos Loyalty, customer satisfaction is not the best indicator of brand performance for consumer product or service companies. According to the study of 17,000 consumers over two years, the researchers developed a new measuring tool for brand effectiveness, dubbed the Wallet Allocation Rule, and skillful use of the principal can net companies millions of dollars, putting them ahead of their competitors and boosting recognition and loyalty along with customer engagement.

    Apparently “satisfied” customers are not necessarily the most loyal or profitable. Wal-Mart found this out the hard way. After launching a major renovation initiative after reviewing massive amounts of customer feedback, it cleared aisles, deleted endcaps, removed pallets of products and such, and sure enough, customer satisfaction scores rose – and same-store sales revenue entered the longest decline in store history! Apparently customers were happy to shop at Wal-Mart, but did a larger proportion of their shopping elsewhere. Share of “wallet” dissipated.

    So if happy customers aren’t loyal, and their happiness doesn’t lead to spending, what does? Ranking of priority does, based on a simple formula that illustrates a high correlation between brand ranking and share of wallet, in a very predictable fashion. This takes into account not only the rank, where the consumer places your brand on the priority list, first, second etc., but also how many brands that do the same thing exist in the landscape of their shopping experience.

    There is an elegant formula for calculating your rank, and for calculating your share of wallet, which I won’t go into here. For details, see http://hbr.org/2011/10/customer-loyalty-isnt-enough-grow-your-share-of-wallet/ar/1 .

    While the article states essentially that companies that boost their ranking will be more successful, what the formula doesn’t tell you is how to boost the ranking of your brand upward. Based on the way they conducted the study, and our own research on the way consumers feel about brands, I can make some educated guesses. Consumers have an emotional connection to the brands they engage with, no matter how infrequently they cross paths. Most people won’t admit to that connection or characterize it as emotional, but in interview research on brand awareness and delivery on the brand promise, consistently the brands with the highest emotional engagement, or most noticeable and consistent delivery on the promise would be the most popular, regardless of the nature of that emotion. Sometimes getting people riled up about something cements that brand sufficiently in consumer’s minds to rank highly, due to the high level of emotional engagement, even though the emotion might appear negative.

    The other factor at work here has more to do with awareness and visibility. The higher the frequency of engagement with a given brand, at least in brands that elicit a high emotional response, the higher the rank will be. Recency plays a part here, too, although not as big a part as you might think. If you’ve engaged with a brand more recently than others, that brand’s ranking will tend to be higher, but only by a small percentage, and any negative aspect to the engagement will erode the recency effect almost immediately. That paradigm puts a lot of the responsibility for boosting brand ranking squarely in the Marketing Department. Marketing has long been the home of the brand steward, but this study gives some teeth to their feeling that “the more we spend the more we make”. Big, vibrant, effective marketing campaigns that put product in consumer’s hands more frequently and regularly, as long as the experience is living up to the promise, will move more units by boosting ranking, taking money away from your competitors and spiking share of wallet.

    While consumer product or service sales is not a zero-sum game, you can grab market share from your competitors, and if you grab share of wallet, revenue and profits rise noticeably. Those extra sales had to come from somewhere, unless you’re the only product in the category. Moral of the story is that you don’t have to be the fastest guy in the jungle, you just have to be faster than the guy next to you, to avoid being eaten.

  • Are Accuracy and Grammar Important in The Era of Social Media?

    Are Accuracy and Grammar Important in The Era of Social Media?

    OK, I’ve about had it with poor language skills being forgiven under the pretext that “as long as you can read it, a few mistakes are OK” on Twitter, Facebook, and LinkedIn.

    If Social Media platforms are ever to achieve true legitimacy as a business communications and marketing tool, we have to learn to respect our audience, respect the medium, and respect the message, just as we would any other channel. Would you leave typos and bad grammar in your direct mail, or in a print ad? Production designers, copy writers, proofreaders spend hours poring over copy to ensure accuracy and eliminate errors, and just because it’s presented electronically, it’s OK to have mistakes published for the public to view? I don’t get it, can someone explain to me why this is so?

    If these errors, omissions and poor usages are a reflection of the use of language in this country, maybe we should cast a critical eye on the elementary education system. If our kids are being taught that this is the way to speak and write English, then some body’s asleep at the switch and should be replaced. If we as a society condone such poor talent, then we are to blame as well – silence is tacit approval, and as such, saying nothing out of some misplaced sense of decorum is doing us all a disservice.

    There are those especially in the previous generation to mine, who value their language, and prize it’s correct usage and accurate representation. When you read a book or magazine or newspaper and come across a mistake or a typo, doesn’t it downgrade your opinion of the whole publication, reducing it’s credibility, and altering your perception of the accuracy of the information being presented? If they missed the basics, how accurate can their statements or research be?

    I wasn’t an English major in college, not even liberal arts (whatever that means), but I’ve had my homework and essays and reports and papers corrected by a professional publication editor according to Chicago style manual since I was eight, and after swimming in red ink for years, finally realized the importance of accuracy and correctness in the use of our common language. After a while, the ink started to recede and become more rare, and now with that training firmly embedded, I could focus on the message and how to craft it effectively, and not on the mechanics of producing the work.

    If everyone had this level of training (and if our teachers were willing and able focus on it, rather than being glorified babysitters and disciplinarians trying to escape each day with their skins intact, we might manage it), then such things as poor word choice (their vs there), bad grammar (where are you at), lousy spelling and other grammatical gaffs wouldn’t be present or tolerated, no matter who the poster is – it’s up to society to set the acceptable standard for word usage and language skills.

    It’s time to raise the stakes, lower the tolerance levels of bad language use, and revive the love of language that is the hallmark of great civilizations throughout history. The US is already working on becoming a second world nation, economically, educationally, in the areas of business and scientific innovation – let’s not add language skills to that list as well.

    If you agree with this rant (or think I’m full of it) comment below or subscribe to this blog for more commentary like this. And, don’t forget to pick up your copy of “The Marketing Doctor’s Survival Notes”

     

  • Promotional Items Should Be Carefully Selected for Maximum Impact

    Promotional Items Should Be Carefully Selected for Maximum Impact

    There are lots of elements to be considered if your marketing plan for the year includes participation in tradeshows, and a number of good reasons to include it in your plan in the first place. One element that has been closely focused on over the years, sometimes to the exhibitors detriment: the tradeshow “giveaway”. The use of promotional items for creating lasting attention and retention of brand image has cycled up and down in popularity over the last 50 years or so. There are some interesting correlations between the state of the economy and the level of quantity and sophistication attached to the promotional items given out at shows. In general, when times get tough, the quantity goes up, and the quality/cost goes down. When times are hard, something in marketers minds says “better to give away lots of cheap stuff just to get the name out there, than to spend the same but only give away half as many nice items that actually connect accurately to the brand”. Why, I have no idea, but it’s bunk.

    In reality, if you choose to distribute promotional items at a tradeshow, that choice should be as well-thought-out as the display construction, the sales training scheme for the event, the selection of size and location of the stand, and the selection of representatives working the show. Often such items are an afterthought, an add-on after everything else has been decided. Sometimes, there are “Standard” items that the company keeps a stock of, or makes available to each location for marketing purposes – they get a better price buying in higher quantity, and they make available or distribute it throughout their “system” for use in ad hoc marketing efforts, including local tradeshows. Ever visited a home improvement show, and the local bank has purchased a table space and brings water bottles and stress balls, and thinks this will make them memorable to the attendees and that they will open an account or apply for a loan? For the impact that really has on the audience, they may as well have taken the money and put it in one of those plexiglass Grab-a-Buck boxes – that at least connects money and banks in people’s minds and might have gotten them some attention!

    If you’ve made the decision to promote your business with a branded item, if that selection is made carefully, it can be of great benefit at that event, and can drive recognition and awareness, not necessarily sales. If really obvious, it can create buzz on the show floor and drive traffic to your display from elsewhere on the floor. And if you’ve really read the audience right, that item will be so specific to a particular population that it will help qualify that traffic and thin and focus the lead selection before they arrive! Now that’s a promotion.

    Some general rules of thumb for a successful promotional item giveaway.

    1) If you can do so, and it’s appropriate, try passing out samples of the product. Smaller, not necessarily fully functional, but a good replica of your product will at least remind the recipient for months to come, who gave them that item and what they make.

    2) If you can’t sample, for whatever reason, select something that links practically to what you do or what you offer. This type of item at least will carry some activation, that coupled with the logo printed on the item, will conjure up a memory of your firm and what it offers.

    3)If you can’t sample, and you can’t link practically with your product, link with the audiences habits or industry specific needs or processes. If you’re marketing to engineers, a measuring device of some type is a good example of this – they can actually use the item at work, where they hopefully make purchasing decisions.

    4) If you can’t do 1, 2, or 3, at least make the item something useful or entertaining and of good quality, including the imprint method. Also, be aware of the audience. If you can, try to select items that are at least non-toxic – sounds strange, but I can’t tell you how many stress balls and foam toys I’ve handed to my young kids only to find out the printing rubbed off when they got drool on it, or put it in their mouths.

    In short, smart, engaging, creative choices that engage the audience’s imagination, trigger a memory of what you do, your products or your brand promise, that are practical and useful within your industry are the best bets for effective giveaways.

    There are lots of other tips and tricks to using promotional items to drive traffic and leads. More later . . .

  • Ten Tips & Truths For Marketers

    Ten Tips & Truths For Marketers

    For those of you who are marketers, or if you’re a business owner or solo practitioner who acts in a marketing capacity (and who doesn’t), here’s a few things I’ve picked up over the years – they don’t have anything to do with social media, channel support, SEO or anything to do with a particular media.

    10) If you’ve worked hard to evoke an emotional response to your product in an ad or direct mail piece, for goodness sake give people a way to actually buy it! Make the response mechanism obvious, it avoids delay in responding.

    9) Put your address and phone number on your website, in an obvious place – not everybody trusts everything they see on the internet, and sometimes you just want to send somebody something or talk to an actual person. Why make me work at it?

    8) ASK for the order. Don’t assume that the audience will understand what you want them to do, no matter how obvious you think it is.

    7) Take the offer seriously in your ads and direct marketing communications – the audience will, and they will hold your feet to the fire for every possible interpretation you can imagine. The more transparent and clear you make the offer, the less confusion you’ll receive from the audience, and confused audiences tend not to buy things.

    6) Treat your house list like the gold that it is – you’ll never find a more receptive set of eyes and ears for your message than someone who is already predisposed to hear it. Respect the power it represents, and the people behind it.

    5) You can never know too much about the people you’re trying to reach – but you can interpret data incorrectly. Trust but verify, to paraphrase Ronald Reagan, and vet your data with real people and anecdotes – you’ll be glad you did.

    4) Make your copy simple enough that your 80-year-old grandmother can understand it. People’s attention spans are increasingly short, and they don’t have time to analyze your obtuse copy to extract your message.

    3) Sales letters should be long enough to compellingly tell the story, and not a word longer.

    2) Lists, design, artifice and devices don’t sell products and services, feelings do. Evoke an emotional response in your audience and you’ll move the needle.

    1) A target audience never bought anything – PEOPLE buy goods and services – whether it’s online, through the mail, over the phone or from a billboard. Reach out in an accessible, human way, meet a need or solve a problem, and the sales will follow.

    Seems like basic common sense, but ignore such simplicity at your own peril. You’d be amazed how many top flight professionals can’t apply these basic tenets to their everyday work and score a good number.

    If you found this helpful and would like to read more like this, subscribe to this blog above, and be sure to pick up a copy of “The Marketing Doctor’s Survival Notes”

     

  • Fundamentals Can Save Your Advertising Program

    Fundamentals Can Save Your Advertising Program

    As a consultant, I read – a lot – every day, about different marketing approaches, different angles and aspects of marketing, from social media trends to mobile, to automated e-mail, to article marketing, and a huge variety of other things that bombard my in-box every day, both electronically and in the snail mail and online. With all that reading and absorbing comes some inherent sense of how current corporate professionals in the marketing field are going about their work, what they focus on, what they feel is important, what’s hot and what’s out of fashion.

    In all that absorption, I get to analyze how those marketers work, and how effective their efforts are. I also get called upon to critique their work from time to time, and let them know how a “knowledgeable” audience might view their performances. I was judging a series of ads the other day for a survey of magazine ads and their effectiveness, and I was amazed at how many of the B2B ads didn’t incorporate even the most fundamental, basic elements that should be in all advertising. Top professionals at high-priced agencies were creating ads read by, and hopefully responded to, by other professionals – and there were lousy headlines that were far from compelling if there was one at all, lists of product features with no associated benefits, copy that was difficult to decipher, let alone read and be persuaded by, and a host of other ills that most college-trained marketers have a good handle on by year two. I was amazed and astounded that large, profitable companies with marketing departments staffed with educated, qualified professionals were paying for this level of performance from their agencies, or worse, producing this kind of product themselves!

    Sure, it’s easy to rely on others to cover the basics, and you hope that the high-paid pros know better and they shouldn’t need much supervision. And it’s easier still to simply look at last year’s or last week’s effort and say, “yeah, good enough, run that one again” and perpetuate the poor construction, bad design, lousy and ineffective headlines, poorly-written copy that is neither persuasive or compelling. If it wasn’t, we’d be out of business. But the truth is, if these pros had simply focused on the fundamentals, their work would improve in both effectiveness and creativity.

    1) Get me involved. Write a real headline, one that compels me to read further, that poses a problem a challenge, asks a question, declares a position or benefit.

    2) Write and design it so even I can read it. Real type fonts, in a decent size, in a contrasting color, either in columns, wrapped around an image, bannered at the top or bottom, somewhere that my eye can track it and make sense of it. Make it compelling, readable, persuasive, tell me how it will make my life easier, faster, better, lighten my workload, solve a problem, keep me sane, let me sleep at night, beef up my paycheck, cut my expenses. Tell me the benefits of the product or service, not just what it includes or is comprised of. Tell me something to make me feel I “need” what you’re selling, hopefully leading me to . . .

    3) Include a call to action I can respond to. I get through the headline, it drives me to read the copy to learn more, it ends, and . . . nothing! Give me a phone number, a specific web address, an e-mail or physical address, an offer of some kind, a place to go to learn more, see the product, make a purchase, someone to call to order one, something!

    4) Lay it all out so it naturally drives me to that offer. Americans read left to right, to to bottom, its deeply ingrained in our psyche to do so, so that we may all absorb information in uniform fashion. Don’t fix it if it isn’t broken, start at the top, (it’s called a headline for a reason) and work your way down. Leave the collages for grade school, keep the fancy special effects for the YouTube video – just design it in a way that is pleasing to the eye and supports the other elements.

    5) Make the images and the text support each other and work TOGETHER to get your point across. I can’t tell you how many ads I reviewed that contained an image that had virtually no bearing on what was being sold or discussed. It was either a product shot with no identification or name, no branding, or known function or relevance to the headline or offer, or a shot of some landscape or character that had no real bearing on what was being discussed. You’ve spent a lot of time and money finding, modifying or creating that image, make it work to your advantage to help sell the concept or idea you’re conveying.

    Just following these five guidelines will improve your publication and print advertising immeasurably, and put you ahead of 70% of the highly paid agency professionals that crank out B2B ads on their lunch hour . . . you might even make a sale!

    If you found these helpful, or disagreed with these insights and would like to let me know . . . subscribe to this weekly blog above. And, don’t forget to pick up a copy of “The Marketing Doctor’s Survival Notes”

     

  • Tradeshow Promotion Requires Strong Planning

    Tradeshow Promotion Requires Strong Planning

    Recently we’ve been approached by several tradeshow organizers to review, upgrade, or revamp their marketing efforts, for a variety of reasons. With all the visibility and power perceived by marketers who use social media, often tradeshows get put on a back burner. Often there are misconceptions about the cost, value and ROI of exhibiting in a tradeshow, and those impressions are what the organizer is fighting when they try to attract new exhibitors, or build attendance. There are other aspects of working tradeshows into your marketing plan that are misunderstood or poorly perceived that present challenges to the organizers.

    We’ve been working with exhibitors, and organizers, to eradicate some of these misconceptions, and to maximize the value of the tradeshow marketing channel as a viable means of penetrating a new market, launching a new product, or raising awareness of a new application to a new vertical.

    When we work with organizers, its often to open up the shows to include new markets, to add new exhibitors and expand the show, or shift it’s focus. This involves building a strong marketing platform, and a focused sales effort, working in tandem, to approach new exhibitors with a fresh angle or a new spin to show them the value of the show to their sales efforts. Creating a solid prospectus that tells the story accurately and gives the exhibitor a feeling of confidence that the organizer speaks their language, that he understands their market, and that they are competent to make their experience a good, profitable one, is one of the first steps. As always, there’s a lot of research involved in creating that element, to gather data on the buying audience, demographics of the attendees, the market as a whole. Once that trust is established, then it’s a matter of making contact with the correct individual to work through their issues, concerns and needs to prove to them that the organizer will be with them every step of the way.

    When we work with exhibitors, it’s usually to help the exhibiting company break into a new vertical market and to make an impact, to raise awareness of their firm within the industry at large. In those cases, its a matter of getting the attention of the audience, and even of the other exhibitors, be they partners or competitors. Sometimes it’s not just a matter of buying a sizable piece of real estate and designing a flashy display. We’ve worked with some companies where it was appropriate to do exactly the opposite – purchase the minimum size space, install a low-key display, but participate heavily in other parts of the overall marketing opportunity, like sponsorships of events, banners in the halls, kiosks, hospitality suites, press conferences and publication ads in directories, maps and schedules. These kinds of activities require lower levels of human resources, help present a unified and ubiquitous-appearing presence, while not spending on expensive floor space and having to furnish it with a large staff and display.

    No matter who we’re working with, it all starts with research and planning to maximize the opportunity presented by the show. Solid planning and a knowledge of the audience can make even a marginal show a resounding success, generating revenue, growth and partnership opportunities, and helping markets expand and driving commerce. If you work in the tradeshow space, let me know what challenges you’re facing – we’d love to hear from you.

  • Research Is A Cost-Effective PR Tool

    Research Is A Cost-Effective PR Tool

    All of Granite Partners’ consulting engagements involves some sort of primary research, either as part of a SWOT analysis to assess market position, or customer interviews or surveys, or investigations into new applications for existing products. But there are other uses for empirical research – one of those is for PR media exposure.

    If your company does field research, product development, manufacturing or offers a service, you might be able to use your own internal corporate data, and publish your findings as they apply to the general public, and promote those findings to increase awareness of your company.

    Generally, for a business to receive media coverage, they need to craft and offer a story that is timely, urgent, relatable and relevant. Under the right circumstances, research findings can be all of that and more. If you’ve invented a new chemical formula for use in your products, there is likely extensive research on that new formula regarding it’s safety, it’s physical properties, it’s applications, it’s effects when reacting with other substances, and a host of other attributes. If you look at those results in a slightly different way, you might find that there is news in that innovation. If you were to find that the new formulation enhanced lubrication between plastic parts, for example, or had other solvent properties when used against marker or crayons, or some specific stain, that product could be marketed to a whole new audience. Your research might be promoted as something like “New Formula Removes Crayon Like Magic – new Kid-Safe Formula”.

    Taken further, if you are a service company, say a cleaning service, and you regularly poll or survey customers after they’ve received their service. Typically, there would be questions regarding the customer’s satisfaction with the job, what they liked and didn’t like, did the operators do a good job, did they arrive on time, etc. It would be very easy to add a couple of questions to that survey regarding the use of organic cleaning products, favorite fragrance used in the cleaning process, how the customer gauged the “level” of clean achieved, and others. In aggregate, that data could easily be used in an eye-catching headline “Only 35% of Consumers Prefer Organic Housecleaning Products – Majority Feel Organics Offer Reduced Effectiveness” and the subsequent release copy could go into detail about how customers don’t show a preference for organic cleaners citing that they don’t clean as well, based on your own company’s primary research. It’s not a scholarly, peer-reviewed journal article, it’s not a scientifically-vetted study, but it’s honest, it has actual customer data included, and it shows a preference that might surprise readers – and what it really does is create a platform for you to gain some exposure for your company as a thought leader in the industry.

    We’ve found in our experience with clients that primary research always pays for itself in terms of marketing insight, and some data has revealed trends, shifts in perception, and new applications that have yielded millions in sales and new growth for the companies that initially commissioned the research. Forward-thinking companies usually understand the value of the data we uncover, and the most innovative among them use that data for multiple purposes, including those described above. When weighed against all the additional uses for the facts that the data reveals, research is one of the most cost-effective marketing tools you have in your toolbox. Take a few minutes one afternoon and review your internal corporate research data on your products or services or customer’s buying behavior, and see how many attention-grabbing headlines and stories you can wrench out of it – you might be surprised at the resources for media coverage you’ll find hidden there!

    If you liked this post and would like to learn more about this and similar topics, be sure and pick up your copy of “The Marketing Doctor’s Survival Notes”