How big is your online Rolodex?
Thursday, August 9, 2007
How to Be a Master Networker
How big is your online Rolodex?
Companywide Marketing Efforts
You already know this, but let me say it anyway: There aren’t enough hours in the day for you to effectively do all the things that need to be done in your entrepreneurial business. Your many hats include accounting, operations, technology, IT, HR, sales and, of course, marketing. And marketing is one area where building a team, using internal and external resources and delegating tasks, can really pay off.
Even though you may not have a marketing person on staff, you may have employees whose skills you can tap. In fact, most of your employees can probably do something to help out. But before involving your whole team in your marketing efforts, you need to figure out what exactly can be done in-house and what should be left to the professionals.
It's important to point out that if you plan right and concentrate on delegating just a few marketing tasks each day, much of your marketing can be done in-house. Because marketing's made up of many elements, all working together, spreading your marketing tasks throughout the company is a smart way to get the job done.
If you'd like to get started using your available resources, take a look at these suggestions for some easy ways to include different staff members in your marketing efforts:
Receptionist
· Hand out product information, catalogs or order information to all guests.
· Use idle time to handwrite thank-you notes from the company to key customers and prospects.
Accounting Department Employees
· Stuff fliers into outgoing invoices.
· Handwrite a note on billing statements.
· Offer an accounting hotline to customers.
· Join in on customer tours and in sales rallies.
Production or Service Delivery Personnel
· Enclose a reminder to reorder in your packaging.
· Have them participate in brainstorming meetings about packaging and bundling ideas.
· Show the production department on customer tours.
· Feature their employee profiles in your company newsletter.
· Include a notice in all packaging that states, “Produced and Packed with Pride,” with the employee’s signature.
Tips for All Employees
· Have employees research the competition or research and compile customer databases. This works especially well with employees who are heavily involved with computers and like to surf the internet.
· Issue press releases about other activities employees are involved in, such as their volunteer efforts in the community.
· Include employees in brainstorming sessions regarding marketing creative, special-offer planning, customer communication planning, event planning and so on. It doesn’t take a marketing pro to come up with a great idea.
· Have employees deliver things to customers during idle times. This can include actual product delivery, quote delivery, a thank-you gesture of a box of bagels or lunch brought in and so on.
The marketing efforts you can have all your staff do are only limited by your imagination. The bottom line is, getting everyone to participate in your marketing will go a long way within your organization and with your customers to improve your business image and bottom line--and successes will be shared by all involved.
Be a Selling Superstar
Over the past 15 years, I've gained a lot of insight from interviewing my customers' customers. After talking to the heads of sales organizations, I ordinarily ask them to provide me with the names of three of their top salespeople. I interview these top reps to learn more about their industry, and then I ask them for some of their own customers to interview. What makes these customers so qualified to describe the attributes of a top performer is that they've been sold to by the best in the industry. Based on those interviews, here are the top five traits found in the best salespeople.
1. Focusing on the customer: Here's what one customer told me: "A good rep approaches the sale from what you need to get your business going. They'll often help you by showing you examples of what other people have done to be successful. They're not after the quick sale; they want a long-term relationship. They help you come up with ideas that are outside their product or service. Unfortunately, with most reps, you get the feeling they're more self-serving than customer-serving."
2. Following through: You wouldn't believe how many customers mentioned salespeople who never called back! The best salespeople get back to customers right away, even if it's just to tell them they're working on the answer and will contact them later. Here's how one customer explained it: "Some reps, when they're trying to get your business, call you all the time and answer your calls right away. But after the sale, they disappear. Suddenly they're never in the office, and you have to leave three or four messages before they call you back. As far as I'm concerned, that's the best way to lose me as a customer."
3. Having the right knowledge: As one of my interviewees said, "Sales reps have to know what they're talking about. And it has to be the right kind of knowledge--like how many people I reach and who my key customers are. Sometimes reps come on very strong and expound on things like they know it all. That's not knowledge; that's just showing off."
4. Understanding customers' problems: The best reps know how to fulfill customers' needs, solve their problems and help them achieve their goals. One customer put it like this: "A good sales rep has my best interest at heart. [The rep] should ask questions so she can understand my objectives. She might even help me define those objectives, and then make a presentation about how my objectives can be met with her product or service."
5. Going above and beyond: The most successful sales-people go out of their way to lend a helping hand. As one customer told me, "We're not a company that looks solely for price. What's more important to us is the extra effort and degree of service we get from the rep and from the company. There's one sales rep who is outstanding in both effort and service. If we have an unexpected workload that exceeds our supply, she's willing to [do whatever it takes] to get us through the crunch period. We had a case where she even drove the product from Greensboro, [North Carolina], to Charlotte [for us]. Because of her, we would not change vendors for a difference in price."
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21 Ways to Bring in the Business
We've found the perfect marketing solution for you. First, close your eyes. Now hug your computer monitor. Using top-secret technology developed at the Entrepreneur.com laboratories, we'll instantly transmit lists of bottomless-pocketed customers to your brain and your homebased business.
The Basics
If even this sends shivers down your bank account's spine, find creative ways to deal with it: Hire an art or marketing student from the local university, or barter your services with other homebased entrepreneurs.
2. Greet clients with style. Voice mail may not seem like a component of your marketing plan, but if a potential client calls and your kid answers, that client will be gone before you can even technically call him a client. So get yourself a professional voice-mail system (even the phone company offers options) with several boxes, advises Gordon, so callers can press "1" to hear more about your services, "2" for your web and e-mail addresses, etc.
3. Focus as narrowly as possible. Instead of trying to reach all the people some of the time, narrow your target audience to highly qualified prospects. Instead of going to seven networking groups once every two months, go to the two groups with the best prospects every week. "Instead of marketing to 5,000 companies, [find] several dozen highly qualified companies and make regular contact with them," says Gordon. Call them, mail your marketing materials, and then ask to meet. It'll save you money and time.
· If you don't get a booth beforehand, try to find someone who might want to share their space with you. You help them run the booth, and they get a local who can show them the town.
· If you decide not to get a booth, go anyway. You can always do business with the exhibitors--just be sure to respect their time with "real" customers before you approach them as a peer looking for some B2B action.
· After the seminar, be absolutely, positively sure that you follow up on your leads. What's the point of attending if your leads end up in the trash? The Center for Exhibition Industry Researchsays 88 percent of exhibition attendees weren't called by salespeople in 2000. Try to improve that stat.
5. Conduct competitive intelligence online. When Joyce L. Bosc started Boscobel Marketing Communications Inc.in 1978 in her Silver Spring, Maryland, home, she had no clue what the competition was doing. Today, she points out, homebased entrepreneurs have it a lot easier. "As a homebased business [in 1978], how would you even find out what your competition was doing, what they were charging or what kind of clients they had?" says Bosc, whose company now has 18 employees and is no longer homebased. "Today, that information is completely at your fingertips." So find your competitors' sites and get clicking.
Getting Friendly
Another way to help out your community and your business is to align yourself with a nonprofit organization. Patrick Bishop, author of Money-Tree Marketing, offers this idea: "Set up a fund-raising program that benefits a school, like a discount card. At the same time the kids [are selling them, they are] promoting your business."
7. Offer work samples. Crandall suggests that if, for example, you're a web designer, you surf the internet, find a potential client and send them a few tips they can use to improve their site. Or you can do as Anne Collins did: "In the beginning, I was willing to just go out and beg for the business," says Collins, whose homebased Laurel, Maryland, graphic design firm, Collins Creative Services Inc., now boasts the U.S. Army as one of its clients. "Sometimes I would offer a small job for free just to show the potential client the quality of my work and to get them used to working with me."
8. Network. If this piece of marketing advice sounds like something you've heard before, there's a good reason: It works. Join your local chamber, leads groups like LeTip International Inc.or Leads Club, your industry association, or Rotary Club. When you go, ask the people you meet what leads they're looking for--and really listen to what they have to say. They'll repay you in kind.
9. Cross-promote with other businesses. Whom do you share customers with? Find them and figure out how you can promote one another. If you're a PR person, hook up with a copywriter or graphic designer for client referrals. Or you could take note of the collective that Crandall knows: The Wedding Mafia, a group of several wedding professionals (a caterer, DJ, dressmaker, photographer, etc.) who work together through referrals. Another option is to add a brief note at the bottom of invoices referring your accounting clients to "an excellent computer consultant," and have that consultant do the same for you.
Getting Online
11. Offer an e-newsletter. Again, this establishes you as an expert, but it also provides another very important marketing tool: e-mail addresses of potential clients. You've opened up the gates to creating a relationship with these folks by offering free information. Now they may approach you to do business, or you can use these "opt-in" addresses to offer your services.
Spreading the Word
14. Become an expert. Cagnassola has developed her business know-how into a marketing tool by writing online articles. "Write articles to show your talents and give them as filler to any Web site owner that you feel is fitting," says Cagnassola. "Not only does it bring you more traffic and potential customers, but it provides you with an international business portfolio to demonstrate your business sense [and your] product or service."
16. Get local news coverage. Play up your locale as much as possible with personalized news releases. Because which sounds better to your local press: A successful homebased caterer with a national contract, or a caterer from Hometown, Ohio, with a national contract? Heck, even if you used to live someplace, write them a letter. Crandall recently promoted his mother's children's book by sending letters to the newspapers both where she currently lives and where she previously lived, and both picked up the story.
17. Get ready for your close-up. Does TV sound out-of-reach for a homebased business owner on a budget? Not so. Get yourself a cable access show. "You can't blatantly advertise a product or service, but it's a good way to become better-known," says Bishop. "For example, if you sell crafts, you might start an [instructional] craft show. You could give away something for free or have a contest. When people call or write in, you can start a mailing list and then contact them about your business." Some other boons: It adds to your expertise and gives you a great hook for your publicity efforts.
Customer Service
19. Offer a guarantee. More people will be willing to try out your business and recommend your business if you offer "satisfaction guaranteed." End of story.
Spreading the Word
Wednesday, August 8, 2007
Communicate Your Benefits
What do they care about? They care about themselves. Every time a prospect looks at your marketing, all they are thinking is, "What's in it for me?" This means you need to be communicating benefits not just features. Yes, there is a difference.
I have found these listed in marketing communication material as benefits:
· One-click buying
· 200-CD jukebox
· Self-cleaning oven
· In business since 1910
· State-of-the-art technology
· Live operator on duty 24/7
· We have the biggest widget maker
· Award winning
Here are some examples of benefits:
· Time savings
· Convenience
· Hassle free
· Lower cost
· Feel better
· No pain
· Organization
· Easy access
· Immediate
· Less resources required
· Reliability
Anytime you can help a prospect feel better, be smarter, avoid pain, or save time or money, then you are truly providing a benefit. These all answer, "What's in it for me?"
Another way to think about the benefits you offer your prospects and customers is to think about what you are really selling. Printers don't just sell ink on paper; they sell communication. Eye doctors don't sell frames and glass; they sell vision. Home Depot doesn't sell drill bits; it sells holes.
Make a list of the benefits you offer your customers and prospects. Then list the benefits your competition offers. If the two lists are the same, neither company has a competitive advantage to offer prospects.
Sometimes you have to dig deep to find the right benefit to offer your prospects. Sometimes they aren't as obvious as those stated above.
My co-author of Guerrilla Marketing in 30 Days, Jay Levinson, used to drive 25 miles to his favorite bookstore. Between his home and the bookstore, there were probably a dozen other bookstores that he could visit. Why did he visit the one far away? Because it had the best carrot cake in its café. When the bookstore put together its list of benefits, I guarantee carrot cake didn't make the initial list. But as more and more people walked in the door and said, "You have the best carrot cake of any bookstore," it became a competitive advantage. No other bookstore had the best carrot cake.
What is the carrot cake in your business?
Know--and Brand--Thyself
It's a brand new work world. And I do mean "brand."
It used to be that only large businesses worried about branding. To thrive, they had to distinguish their company from the competition. This meant carving out a niche based on competitive advantages and specific corporate attributes. They crafted and maintained a strategic brand--a unique, useful promise to current and prospective customers--to gain brand equity and loyalty. This was business, after all.
But things have changed. The 21st century is the age of free agents and custom ringtones. Nike doesn't just sponsor Tiger Woods; Tiger Woods sponsors Tiger Woods (check out the personal logo on his cap). Today, branding occurs at the individual level. This is especially noticeable in service industries, but increasingly in others as well. Everything about you, from the type of cell phone you carry and the vocabulary you use, to the brand of coffee you drink, says something about who you are and what you can do for the rest of us.
In business today, your most important job is to promote yourself. You probably won't work the same job from graduation until retirement. More likely, your future depends on leveraging your strengths along a winding career path ripe with possibilities. To take advantage of these opportunities, you need to stand out in a crowd. You must become your own brand.
Essentially, this means distinguishing yourself based on your "competitive advantages," including unique professional skills, life experiences, character strengths and personality traits. Here are some suggestions to get you started:
1. Ask the No. 1 question in branding: What makes you different than others, particularly others in your field? What qualities, experiences and skills make you special? Generate a list of personal brand attributes, and then prioritize them.
Your brand is a promise of the value you'll deliver to your customer. It's important to consider how you add value. For every feature, there's a corresponding benefit. Are you always on time? This translates to reliable service. Do you tend to think out of the box? You're a problem-solver. The more unique your brand is in your field, the better. If you add value like everyone else in your industry, it's not considered a competitive advantage. Look for ways--even small ways--that make you different and thus more valuable and irreplaceable to customers.
Ironically, it's really not about you. Like business branding, you must consider the needs and desires of your prospective customers. What are they looking for? This is a critical but often-overlooked component of personal branding. For example, if your competitive advantage is dogged reliability in a field defined by fast-paced innovation, you need to rethink either your brand or your field.
2. Write a mission statement that includes three or four of your top brand attributes. Include ones you already possess and those you're still working on. Keep in mind you're not defined by a company or a title. The only organization you belong to for life is yours. Create a mission statement that promotes who you are and who you are becoming.
3. Create a personal logo, like Tiger Woods did. People remember pictures and color (a logo) before they remember text (a name). Adding a logo to your personal business cards makes you stand out in a crowd. The symbol in your logo can serve in other capacities, including an embellishment to personal stationery or as a favicon for your website. (Try creating your own logo for free at LogoYes.com)
4. Broadcast your brand. Use personal business cards, create a personal website and network with colleagues to promote your attributes. Everything you say and do--from how you greet others and answer the phone to how you dress and carry yourself--sends a message about your brand. Strive for consistency.
5. Establish credibility. Join professional and community organizations, take or teach a class, give a lecture, start a blog or contribute to an e-newsletter. Constantly search for ways to get your name out there. Equally as importantly, hone your skills whenever possible.
6. Be your own brand manager. Don't be afraid to tweak your brand based on feedback from these forays. The success of any branding campaign depends on what the market thinks. Equally as important, preserve your brand with pit-bull determination.
The opportunities to brand yourself are endless. Seize the day, You, Inc.
Living Your Brand
A great deal of time and energy are expended to create memorable brands that add value to company marketing strategies and--in the case of public companies--pique the interest of the investment community. While company brand equity is certainly important, the significance of making yourself an integral part of your company’s brand shouldn’t be overlooked as a key to success.
As would be expected, personal branding is most important in service businesses, because customers demand a high level of personal attention. Your ability to establish and maintain rapport with your customers will result in long-term relationships as well as coveted referral business. And when customers know and like you, they’re more likely to give you the benefit of the doubt if anything goes awry.
When you consistently present yourself based on the messages you’ve identified, you’ll have created an effective personal brand. Those who interact with you will have a strong sense of who you are and what you stand for, and that can be any number of things, both inside and outside of the business realm.
Components to consider for your personal brand include: your leadership abilities; your special strengths, talents or achievements; your personality traits; and your distinctive qualities. Think outside the box, and be as specific as possible so your brand doesn’t mirror anyone else’s.
Getting the Message OutOnce you’ve determined your personal brand messages, you need a strategy for broadcasting them to your target audience. Visibility and persistence are key to ensuring that your personal brand is communicated to your customers. That means you must live your personal brand at all times; if that’s challenging, then you probably weren’t honest during the defining process and need to think a little harder about who you are and what you stand for.
While there are endless options for getting your personal brand message out in the world, the most powerful is face-to-face communication. Personal interactions provide the greatest opportunities to make memorable impressions. If your customer base is too large or too spread out for that to happen, you can use other communications vehicles—including e-mail, direct mail and personalized letters—to get your messages across. Remember that all the choices you make, from your language to your font, can enhance or detract from your personal brand, so choose wisely.
In the best circumstances, when you’re able to successfully project the image you’ve defined for yourself, you’ll become the most important part of your company’s brand. And that’s critically important for entrepreneurs who wish to differentiate themselves from their competition.
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John Williams is Entrepreneur.com's "Image & Branding" columnistand the founder and president of LogoYes.com, the world's first do-it-yourself logo design website. During John's 25 years in advertising, he's created brand standards for Fortune 100 companies like Mitsubishi and won numerous awards for his design work.
Use SWOT to Kick-start Your Planning
To clarify, strengths and weaknesses are about you and your company, its nature, history, and what it does and doesn't do well. You can change them over time, but it isn't easy. Threats and opportunities are external-- factors outside of your business. Your strategy should play on your strengths and away from weaknesses to take advantage of opportunities and avoid threats.
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