Are You Doing Too Much?

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Once a business is established, it’s common practice to add products and services in the name of diversification and the desire for more profits. It’s a wise business move to choose products and services that will appeal to customers you’re already doing business with.

But what’s the point of diminishing returns? When does adding more products become less profitable or even start losing you money?

Lego is known for its beloved interlocking toy bricks. The company has been around since 1949. You and your children have probably built many fun projects using their colorful, iconic blocks.

As with many other successful brands, Lego decided to diversify. The Denmark-based company added games, movies, clothing lines, and six themed amusement parks (Legoland). Lego added many new colors to the primary colored bricks originally available. Costs were added at a much higher rate than new profits to pay for all this diversification.

The once very profitable company began bleeding red ink. A new CEO (Jorgen Vig Knudstrorp) was brought in to fix the problem. One of the first questions he asked was this: “What do we need to stop doing?”

Beginning in 2005, Lego sold the theme parks and whittled down half of the brick colors. They became more efficient and creative at doing what they were good at by concentrating on less rather than more. By the end of the same year, Lego was profitable again.

Sometimes the answer to doing more is to actually do less. Doing less frees up time and resources to concentrate on the key products and customers that bring you the bulk of your profits. If you have too many services or products, start considering what things you should stop doing, so you can focus instead on what really matters.

If Sales Are Slow…

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You’ve probably heard the saying, “People like to buy, but they don’t like being sold to.” But you may wonder what it really means.

It means that people are buying what you sell. It means people are spending money. But it also means that people are only willing to open their wallets and part with their money if one condition is met first. That condition is met when you’ve presented a clear value proposition.

Wikipedia defines a value proposition as “a business or marketing statement that describes why a customer should buy a product or use a service. It is a clearly defined statement that is designed to convince customers that one particular product or service will add more value or better solve a problem than others in its competitive set.”

In plain speak, this means a prospect won’t buy from you until the value of your products and services is clearly presented in such a way that the decision to buy is second nature. This value must also be superior to what competitors are offering.

This value proposition doesn’t mean lowering your price or being the cheapest in the marketplace. That’s typically a losing value proposition. A winning value proposition is one where you add benefits that others can’t or won’t match.

Once you’ve defined your winning value proposition, it’s time to clearly communicate that statement with your audience via all of the marketing and sales channels available to you.

Sales will improve dramatically once you’ve articulated a clear and powerful value proposition. You’ll know it’s the right one when your prospects feel like they’re buying from you, not just being sold to.

The Power of Partnerships

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If you’re looking for a creative way to grow and create new business opportunities, you may want to consider a marketing partnership. By bringing two (or more) complementary companies together, businesses can tap into audiences they may not normally reach, providing exponential marketing exposure and increasing their customer base.

When considering a marketing partnership, it’s important to choose a company that aligns with your product quality, reputation, and overall business strategy. By partnering with a company that has a high reputation of providing quality products or services, you can not only increase your perceived value, but also provide customers with additional reasons to purchase from you.

Rather than joining forces on all aspects of marketing, many businesses create a marketing partnership that is targeted to a specific market sector or audience. They typically maintain their individual identities and continue to sell outside the partnership.

One example of a potential marketing partnership might involve a financial institution partnering with a real estate agent and/or title company to target home buyers in their area. By combining forces, both partners can offer potential customers a smoother path to home ownership.

If you need ideas for creating a joint direct mail marketing promo that can help you reach into new markets, build relationships, and increase sales, give us a call today.

About Your About Us Page

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One of the primary reasons a prospect comes to a website is to learn more about a business. The prospect wants to learn not only what you do and how you do it but — more importantly — why you do it. There are many competing businesses in your industry and community. Statistics have shown that one of the most visited pages on any company website is the About Us page.

Why is that? Whether you are a B2B or a B2C company, your prospects are people first. So it’s natural for them to want to know more about the people behind the company they’re considering working with. Prospects hire the people in the business, not just a faceless company.

Unfortunate Reality

The sad truth is that most company About Us pages are filled with industry jargon. Or they’re carbon copies of all the other websites in their space. This makes them boring to read and easy to bypass quickly.

Clues

You know you’ve landed on one of these About Us pages when the page is filled with boastful claim after boastful claim. You see words like “industry leading,” “unique solutions,” “award winning,” and “innovative brand.” With eyes glazed over, most visitors can’t exit these pages fast enough.

People want to learn about people. They already know about what you do from the other pages on your website. The About Us page should focus instead on why you do what you do.

How to Fix It

If your About Us page has these issues, the good news is it’s not difficult to fix. You need to get a pen and pad of paper. As you sit to think about re-writing the page, don’t be afraid to let some personality shine through.

Your About Us page is a selling tool. To sell more of what you do, you have to get the visitor to establish a bond with your company and trust you. To establish this bond, you must let the visitor know the people behind the company. A big part of your brand is your company culture. Your About Us page is an opportunity to tell visitors your story and what your culture is about.

Here are eight ideas to think about as you create the content for your About Us page. Weave them into your brand story.

  1. How did the company start?
  2. Why are you in this business?
  3. Avoid all hype and jargon.
  4. Say what you want to say in as few words as possible.
  5. Include a few testimonials from happy clients. It won’t seem boastful if others do the advocating on your behalf.
  6. Make it personable and interesting. Don’t be afraid to show the human and vulnerable side of your company. Your visitors aren’t perfect people either. So showing this side of your business allows your brand to connect and build a bond.
  7. Invite visitors to connect with you in other online places where you’re active (LinkedIn, Facebook, blog).
  8. Tell them where to go and what to do next. This is the “call to action” part of the page.

Tell them not just what you do and how you do it. Instead, tell the visitor why you do what you do. Your About Us page is the perfect place to share that message with the world.

Content Marketing: An Age-Old Strategy that Still Works Today

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Content marketing has become one of the buzzwords in the business marketing world. Many claim this is a new way to market. That is not correct. Providing valuable content to lure prospects and visitors has been around for a while. The distribution channels for this content may have expanded recently, but the strategy has been around for many years.

One case in point involves a tiny electronics firm in Seattle. The company opened in 1954 as Magnolia Stationers and Camera Shop in the Magnolia Village shopping district of Seattle. The owner, Len Tweten, loved music, which eventually led him to move the business into the world of high-fidelity audio. This transition over time also prompted a business name change to Magnolia Hi-Fi.

High-quality products and commitment to service were just a part of the overall plan to grow the business. Being a small business with no real marketing plan or budget, Magnolia Hi-Fi decided the best way to differentiate itself was to educate prospects with valuable information about the Hi-Fi world. To do this, the company introduced stereo buyer’s guides (over 30 years ago), which provided educational content and answers to commonly asked questions on buying audio equipment.

The buyer’s guides set Magnolia Hi-Fi apart from the competition. They also positioned the company as leaders and experts in their field in the eyes of their audience.

Did this content marketing plan work?

The tiny store grew into a small chain, which was acquired by Best Buy in December of 2000… for $87 million! In 2004, the Magnolia brand was incorporated into Best Buy as a store-within-a-store, known as Magnolia Home Theatre.

Content marketing works. It works best when you use multiple channels to distribute and share your content (print and digital work in perfect tandem for this strategy). Creating valuable content your prospects are looking for takes some work and resources. But don’t overlook the rewards that can come from that work. It may not net you $87 million, but it can prove to be nearly as valuable.

You can read more of the details behind this remarkable story <a href=”http://contentmarketinginstitute.com/2012/09/this-7-step-content-marketing-plan-earned-an-87-million-paycheck/” target=”_blank”>here</a>.

The One Radio Station You Should Tune To

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57436356There’s a radio station you may have never heard of, but it’s one you need to tune into each and every day if you really want to grow your business. It’s called WIIFM, and it stands for “What’s In It For Me.”

Yes, this is a fictional radio station, and yes, it’s a bit cheeky, but the message is one you can’t ignore. Your customers are being bombarded with messages every single day. The only messages that will register are those which adhere to the WIIFM principles.

You must clearly spell out what’s in it for them, or your listener will quickly tune you out.

Here’s a good quote to remember from Wikipedia founder Jimmy Wales:

“It’s actually surprising how many people don’t follow this simple guideline of courtesy. I often get long, tedious emails from people explaining to me in great detail how I can help them and how great it would be for them if I would work on their project, or endorse it, etc. But they fail to consider my context. Why should I care, and even if I do care, why should I act on this rather than any of a thousand other things?”

This is what your prospects and customers are thinking every time you broadcast your messages. So recall this quote when you sit down to create your message, whether in print, web, social media, or any other communication channel.

Are You A Little Bit Country or Rock n’ Roll?

To understand what your prospects want to listen to or what they regard as important to them, you need to speak with and understand your customers. Pick up the phone, conduct surveys, go visit your customers, and take them out to lunch or coffee. There are many ways to find answers to this very important question.

Rome Was Not Built In One Day

Pablo Picasso painted over 5,000 drawings and images that very few people cared about at the time. But during the same period, he also created masterpieces that the world loves to this day. Don’t expect to find answers the first time you visit a client. Keep asking, probing, and analyzing your findings until the answer becomes crystal clear.

Seth Says

If you’re not attracting the right prospects to your business or converting them into customers, selling products, or building a strong brand in your community, it may be because you’re not clearly stating what’s important to your audience. Seth Godin said it best:

“Ten years later and the ego pendulum has clearly swung in the direction of the virus. That’s what we brag about and what is too often measured. How many eyeballs are passing by is a useless measure. All that matters is how many people want to hear from you tomorrow. Don’t try to convert strangers into customers. It’s ineffective and wasteful. Instead, focus on turning those momentary strangers into people eager to hear from you again and again.”

Favorite Station

Building and growing a lasting business brand takes a little work. Attracting audiences that care about what you have to say comes down to providing value for the type of audience you want to attract. You now know how to find out what they care about. Take those findings and craft the type of messages your listening audience will never want to tune out. When you do that, your channel will become one of the coveted favorite stations of your listening audience.

Please Give Me a Call

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With the recent explosion of marketing avenues available to businesses, it’s easy to forget some of the fundamental building blocks that go into making a company successful. Take, for instance, that telephone in your office. It may not be as sexy or new as social media, but it packs a much bigger and more immediate punch than tweeting or Facebook posts! Perhaps the most important method of communicating with your clients and prospects is still that little old telephone.

The phone connects your business with your audience in ways that email and social media can’t. The sound of the human voice and the interaction between two people on the phone can never be replicated or replaced by any other medium. That interaction can either increase or decrease your business in terms of traffic and revenue. Most callers will base their decision about whether or not to do business with your company on how they are treated on that phone call.

No amount of marketing and PR can overcome a negative experience on a phone call with your office. So before you move forward with any new marketing, make sure all that effort doesn’t go to waste when a prospect calls your business.

You can either pay someone or ask a friend to call your business and pose as a potential customer. Have the calls recorded. Review these recordings on a regular basis, and share both the positive and negative calls with your staff, along with items you find that need to be corrected. These are extremely valuable training times. It takes a little effort on your part, but the rewards will pay off for many years to come.

By making sure that all callers experience a positive event when calling your business, you have a strong pillar to continue building your successful business.

It’s 11:30. Are You Ready?

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Deadline Lessons from Saturday Night Live

Saturday Night Live (SNL) producer Lorne Michaels once said, “I say it every week: We don’t go on because we’re ready. We go on because it’s 11:30.” He went on to say that being “ready” is a state of mind, one you can condition yourself to overcome with regular deadlines.

SNL is a long-running late-night live television sketch comedy created by Lorne Michaels. The live aspect of the show requires an absolute commitment to being ready to go on air at 11:30 eastern time every Saturday. It’s a hard deadline. No excuses can be accepted or tolerated. The show begins with a topical sketch, at the end of which someone breaks from the skit and shouts: “Live from New York, it’s Saturday Night!”

But before the show airs each Saturday night, an entire week’s worth of preparation has gone into making that episode a reality. Monday starts with a production meeting where ideas for the following week’s skits are pitched. On Tuesday, the ideas chosen are turned into skits, and on Wednesday they’re reviewed to pick the best ones to move forward.

On Thursday, the skits are tweaked and adjusted as needed. The winning skits are rehearsed on Friday and then once more before a live audience on Saturday at 8 PM before the actual live performance at 11:30.

Whatever project you’re creating — whether large and elaborate or small and simple — you likely follow a similar process. Your ideas are put on paper, the best survive, an action plan to move forward is chosen, and deadlines are given. Everything is ready, so then why do some ideas and projects never get done?

Over-thinking, doubt, procrastination, and perfectionism are the enemies of deadlines. Each one can play the role of devil’s advocate in your head to delay and destroy deadlines.

The cure might be to learn from SNL and Lorne Michaels. Take imperfect action when necessary. When you delay, nothing can move forward. You can always correct course and improvise as you move toward your goals, but nothing can happen unless you make that leap of faith to take the first steps.

SNL has aired some 730 episodes since its debut and began its 38th season this year, making it one of the longest-running network television programs in the United States. It has produced countless stars, created immense wealth for the creators, and entertained several generations of audiences over the years. The live aspect of the show creates a certain drama that most other shows lack. Some of the jokes fall flat, and there are unexpected surprises in many shows that had not been rehearsed. But the actors improvise as needed, and the show always goes on.

SNL doesn’t go on air at 11:30 every Saturday evening because they are ready. It goes on because it’s 11:30. You may never be “ready” enough if you don’t commit to a deadline to go live. Set aside your fears and worries. Time is wasting, and you may never get another chance to go live again.

Your Print Marketing 3-Step Rule

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Every print marketing piece should have an end goal in mind. Depending on the type of marketing piece, these goals can range from simply building name recognition to creating curiosity and ultimately generating sales. The next time you find yourself struggling to create print marketing that will get noticed, remember these three steps to maximize your effectiveness:

Step 1: Grab attention.
Start by getting your reader’s attention. Remember this must happen from the initial glance at your promotional piece. Try using a bold headline, graphic, photo, or marketing claim. Choose something that encourages viewers to take a moment to read your marketing message.

Step 2: Create interest.
Provide teaser information that will engage prospects and entice them to learn more. Teaser information could include an announcement about exciting new products or features, a current or upcoming promotion, or anything else that will persuade customers to learn more.

Step 3: Engage the reader.
Provide a call to action for readers who have taken time to read your marketing message. This could vary from prospects who simply want more information to those who are ready to make a purchase. Provide a website address, phone number, directions, or other contact information that makes it easy for prospects to get in contact with you about your product or service. Consider creating a website landing page that is specific for the highlighted product or service. A landing page can not only make it easy to track interest generated from your promotional piece, but it can also make it easier for the reader to learn more without losing interest wading through an information-packed website.

Our creative team specializes in creating marketing pieces that will get noticed and remembered. Give us a call today if you need help or ideas for creating the perfect marketing piece that will increase awareness and boost sales.

Marketing Tips from Animals Pics

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When it comes to marketing, we can learn a lot from photos of adorable animals. Here are a few key tips to take away the next time you catch yourself oohing and aahing over an adorable fuzzy kitten or roly-poly puppy:

  • Have you ever noticed how adorable animal photos have a knack for engaging a wide variety of people with various interests? While marketing is most effective when aimed at a targeted audience, you should strive to appeal to a variety of personalities within your audience.
  • Photos grab attention and have the power to invoke emotion. The sight of a baby animal can easily warm the heart of most people. Think about the photos or imagery you use in your next marketing campaign, and focus on the emotions your selected images will create for your audience.
  • Consider using humor whenever appropriate. Have you ever seen a hilarious photo of a cat and felt the need to show others so they can laugh with you? The same is true of humorous marketing. By sharing something funny, WE also become funny by association.
  • Just as people love to share adorable photos with others, be sure to create your marketing materials so they are easy to share. For example, create a durable mailer that includes a coupon for the recipient and one to share with a friend. Add a link to your web-based promotions to recommend friends, and consider a reward for those who pass the word. Include a “share” option to make your message easily available for friends or family who may be interested. By making your message easy to share, you can empower your audience to do the selling for you.

If you need more ideas for creating marketing materials your audience will look forward to receiving, give us a call today!