What a Guy

It’s nice when Guy Kawasaki writes about/alludes to/makes cursory mention of the product or service into which you pour a significant portion of your waking hours.

It means more than enjoying an influx of traffic to your website (a handy side-effect, no doubt). It’s also an encouraging validation that you’re taking some steps in the right direction. This is especially true when the praise comes for the method of evangelism as well as for the actual product or service.

Guy has built an ecosystem of success based as much on evangelism methodology as on the services he creates. Truemors, for instance, is a cool concept. But the story of how it came to be might actually be better known. Kawasaki built, developed and registered the site for a few thousand dollars.

So it’s nice when he folds your technique into his own as he did in this article that features Email Center Pro.

It’s an added bonus when the topic at hand is something about which we’re so passionate: Telling the story of our service as quickly, succinctly and creatively as possible. This is something on which every small business should focus. The marketplace is more crowded than ever. It’s vital to explain in two minutes or less what you do and why that matters.

Jason Gallic
Product Manager
Palo Alto Software

When a client calls, are you prepared?

It is easier to close a sale when a prospect has sought YOU out, rather than when you approach them. One of the reasons for this is that when a prospect approaches you, the business relationship starts out on a more equal footing.

Contrast the situation where a prospect approaches you with the built in resistance and or skepticism you encounter when the first contact is made via a cold call or unsolicited mailing.When people feel that they’ve discovered you, then you don’t encounter the resistance that can occur when you approach them.

Defenses are down, the buyer feels more in control of the communication. Instead of YOU saying, ‘Here’s how I think I can help you’ and then having to prove your claim with lots of convincing and persuading, the prospect is saying, ‘I think YOU’RE the person who can help me. Tell me how this works.’ They are much more motivated to listen to your answers!So usually in these articles I share ideas on what you can do to make the telephone ring, but once they’ve called you, how you handle that all important first phone call can make the difference between you landing a client – or losing them forever.

When a person seeks your service, before the phone rings, are you prepared?Prepare to handle the conversations and practice them in your mind. They will come in handy! The first thing you have to ask yourself is what is the reason someone would call you? What is it that you can do to help? Also, just as important…..Can you reel them in?
I have found that the first phone conversation played a critical part in the overall sales process. Handled correctly, the prospect was ‘pre-sold’ even before our first meeting, the progression from initial inquiry to signed agreement was smooth and in some cases the phone conversation went so well that the caller made the decision to buy without us having to meet.

So the first phone conversation is a crucial moment in the overall sales process and sadly many opportunities are lost forever by mishandling this critical stage. It’s not your job to ‘convert’ every caller. The purpose of this first phone conversation is to find out more about each other, and if appropriate, progress to the next step. But that doesn’t mean that every bizclientphone conversation will or should result in a sale.For a multitude of reasons, you may not be a good match for each other. I’ve witnessed many sellers put themselves – and their prospects – under unnecessary pressure because they were ‘going for the order’ before it had been established whether that was the appropriate next step. Shift your goal for the call to ‘let’s find out more about whether we’re right for each other’ instead of ‘must get the sale at any cost’.

You’ll be more relaxed, and when the prospect doesn’t feel pressured, they are more likely to lower their defenses and tell you what they really want and need.Result? When appropriate the sales will flow naturally, without you having to push. And, if it’s not appropriate to progress to the next stage right now, you have left the door open for future business and/or referrals. It’s true what they say about first impressions. Because they have called YOU, they already know something about you and what you’re offering. The fact that the prospect has bothered to pick up the phone to call you and find out more is a huge sign that they’re interested in buying. The downside is that you may not be the only company they’re calling.

So what do you need to do in this phone conversation to help things progress easily to the next step? The secret is to gauge what the caller really wants, and then give it to them. But you can’t do that unless you first get them to open up and tell you what they really want. The most important thing to do in the first few seconds is establish rapport with the enquirer….

and then … Get permission to ask questions.

When you build trust and ask the right questions, your prospects will give you all the information you need to solve their problems, give them what they really want and ultimately win their business. At the same time, some callers may be reluctant to open up on the telephone and discuss their real needs.If callers are reluctant to give you information it’s either because they don’t trust you, or because you aren’t asking the right questions. You can earn their trust by demonstrating in your attitude and manner that your primary aim is to help them make an informed decision. You can’t fake this. Customers are smart and they can sense who’s genuinely interested and trying to help, and who’s just after a quick sale.

Know who your client is! Ask about the prospect’s needs and what results they hope to achieve .It doesn’t matter whether you’re selling coaching, financial services or training, there are key questions that you can formulate to find out what they want to achieve, what they want to avoid, and how they plan to use the product or service that you can supply.

Can you relate to your customer?I have food for thought on one of various ways to handle this situation, as it will arise in the future I am certain. The first thought is to “hear” and “understand” what the customer is saying. No one wants to hear what YOU have to say until they know you care. Second, what are their needs?  Ask questions that lead down a path that discusses their situation right now and what made them call?

Spend twice as much time listening than talking. The most successful sales performers spend 70% of their time asking questions and listening to the answers, and only 30% of the time talking about the solution they could offer. Aim for a similar ratio in your conversations with prospects. This means preparing lists of questions to use in your calls.

That said, it’s not the Spanish Inquisition!If the caller feels you are mindlessly working through list of questions without fully paying attention to them or that the questions are for your benefit rather than theirs, you’ll lose rapport and credibility. It’s a paradox that when you set aside your own needs to focus fully on what the customer really wants – even at the risk that you may not be able to provide it for them – you create an environment of trust that can ultimately lead to more sales than if you were focused on your own goals throughout the call. What’s the next step? Depending on what you are selling, the next step might be to book a treatment, book a trial session, arrange a face-to-face meeting, send information, or you might even take an order there and then.

As the seller, it’s your responsibility to make clear what the next step is, but involve the prospect in determining what they are comfortable with

Tim Nagle
www.TheMarketingCoachVa.com

dtmcbadgeTim Nagle is the owner of The Marketing Coach. Tim works with select small companies who want to grow their business to the next level. He is a highly regarded professional marketer with over 15 years experience and is known for his immensely practical approach and ideas. Tim has been involved in a broad range of marketing & business activities which gives him a wealth of knowledge to bring to The Marketing Coach clients.

Accelerate Product Marketing by following the Financial Markets

The financial markets are normally the ones that lead us out of a recession and they may have the best handle to interpret what the Economic Stimulus Package really means and what it will do. Let’s face it, there are going to be certain industries that benefit from targeted tax reductions in billions of dollars of spending. You may be able to watch, what stocks change, what trends happen and where they start putting the money.

Opportunity AheadWhat kind of work might benefit from the influx of government spending? One example might be the plan advocated by T. Boone Pickens to push America towards energy independence.  Utilizing wind power and natural gas for setting a Pickens plan and other options should be a priority.  Maybe it would mean increased investment in alternative energy, despite the recent drop in crude and product prices.  The focus on making public buildings and schools more energy efficient is another area. Transportation, Communications technology and Healthcare infrastructure are widely anticipated to receive funding or tax breaks. There are also potential opportunities in a wide range of technology stocks that may benefit.

Look at your portfolio, not your stocks, but the companies you’re working with and see if their industry is realizing a direct benefit from the package. This might entice you to put some products launches on hold and accelerate other product launches that are centered on these particular industries. You may adjust your thinking about how to re-package a few of your products and exactly what industries to target.  Targeting your product launches into these industries and you will have the best chance of success.

So maybe, the next time when that person calls to give you some investment advice, you may not react so quickly to hang up the phone?

Joseph T. Dager
jtdager@business901.com
business901.com
FundingYourNonprofit.com

dtmcbadge_paddedJoe Dager is president of Business901, a progressive company providing practical, information-rich services and product offerings designed as implementable systems that work in the real, not enough time, not enough people world we operate in. Business901 tools simplify the marketing process, not complicate it. Joe’s experience includes manufacturing, retail, and professional services and has been through several start-ups and turnarounds. Joe is an authorized Duct Tape Marketing Coach and specializes in Product Marketing. The Business901 blog is rated Technorati in the top 1% of all blogs worldwide, and his nonproft blog, FundingYourNonprofit is rated in the top 5%. Joe has a bi-monthly local television program, Connecting Your Passion and is also a contributor to the American Express Open Forum and Business Week Forum.

Use Two-Step Direct Response Advertising and Stop Wasting Your Ad Money

Many business owners say things like, “We seldom advertise because it doesn’t give us any results —it’s a waste of our money.”

And you know what—for these people this is probably true. The ads they are running are not designed to produce tangible results.

Most advertising does nothing to motivate a prospect to act—it’s simply “image” or “awareness” advertising. If your marketing budget is on par with that of Coke or Nike that’s fine, but the rest of us expect a return on those ad dollars.

What you need to do is turn all of your ads into “direct response.” These are ads that are designed to generate a very specific response or action. You can apply this approach to any ad, in any kind of media, whether newspaper, magazine, TV or radio.

The purpose of these ads is not so much to “sell” but to generate a list of qualified leads—people who may be inclined to do business with you in future and, most importantly, have given you permission to market to them.

Step one: Create one or more valuable reports, workshops, evaluations, trial products, checklists, newsletters, courses or tip sheets. You know, something like, “How To Tell If Your Contractor Is Lying To You” or “What Every Senior Must Know About the Canada Pension Plan” or “101 More Things You Can Do With Your iPod.”

Now that you have your value packed written report, every bit of your advertising— whether Yellow Pages, direct mail, back of your business card, letterhead, email signature, web site— should focus on getting people to pick up, request or download that report.

Don’t try to do anything else with your advertising, let the report sell you.

Step two: Send the report or sample to all who respond and then begin marketing to them like crazy!
Why is this approach so much more effective?

Now you can demonstrate your expertise in a non-threatening way, on the prospect’s own terms, even if all you can afford is a small ad.

Nobody likes to be sold to, but if they take the time to read your report, understand that what you do that has value, and have an 8-10 page conversation with you, the relationship and trust have begun.

People who have requested your free information are officially a hot lead. They are identifying themselves as someone who is very interested in what you do. Half of your sales job is done!

And now you can measure the response to your advertising! If one offer falls short of your expectations, change something the next time you run the ad and see if the results improve—you are now in control.

Meanwhile you will be building a database of people who you can market to—so send them a newsletter. Invite them to sale events. Offer them incentives. Put your advertising dollars to work and check the results.

ducttapemarketingbadgeKen Burgin and Elizabeth Walker are the Marketing Masters (www.MarketingMasters.ca), a full-service marketing and advertising partnership that helps build busy businesses. Send your ideas on How to Thrive in Times Like These to liz@marketingmasters.ca or ken@marketingmasters.ca, or call 1-866-908-5720.

web: http://www.marketing,masters.ca
blog: http://thebuzzwithkenandliz.blogspot.com/

Make a Referral Week – Last Day!

make a referral weekIn addition to all of the fantastic referrals being made on the www.makeareferralweek.com website (There’s over 800 listed!) there are some informative blog posts on the Duct Tape Marketing blog.

Susan Wilson Solovic, co-founder of SBTV.com
Pamela Slim of Escape from Cubicle Nation
Scott Allen, author of The Virtual Handshake
Anita Campbell of Small Business Trends

as well as podcasts and web conferences for you to listen to.

Find the whole list here on John Jantsch Duct Tape Marketing Blog

And don’t forget to go make your referral. Maybe it’s a local restaurant you suggested to a friend, maybe it’s that contractor you used to remodel your kitchen or even the accountant that took the extra time to really make sure the work was done right and well. Whoever or whatever business it is you think deserves a referral — make it today!

Make a difference in small business – Make a Referral Week

Truth about Small Business Branding

It’s no secret we’re big fans of John Jantsch around here. So it was exciting to read about a new webinar he’s involved in concerning something we get a lot of questions about.  Branding.

John writes:

Please join me and a very fun panel of small business branding pros on Wednesday, March 18th at 11am CDT for – The “Truth” About Small Business Branding – using your small business brand to outsmart the competition – a panel discussion featuring practical branding tips and tactics from leading small business branding experts.

Panelists:
» Karen Post – The Branding Diva & Author of Brain Tattoos
» John Moore – Creator of Brand Autopsy & Author of Tribal Knowledge
» Sam Horn – Author of Pop! – Stand out in any crowd
» Aaron Weiss – Chief Product Officer for MarketSplash

This won’t be your typical Branding 101 discussion, trust me, these guys get small business.

Register here for the Truth About Small Business Branding

Definitely a webinar to  make time for!

‘Chelle Parmele
Social Media Marketing Manager
Palo Alto Software

Getting UNSTUCK

Do you ever find yourself feeling like you’re business isn’t moving anywhere?

You love what you are doing, you are passionate about your products / services and you know that you have all that it takes to be a huge success.

And, here you are frustrated because nothing seems to be happening and you’re not making any money.

Your bills continue to flow in and pile up, and you know you will have a major problem unless something happens really soon.

One of the most important things we learn about is to be clear on your ‘why’. Crystal clear. Your ‘why’ is your purpose for all that you are doing. It is the profound difference you are making in your life, your family’s life, or someone else’s. When you think about it, you feel a glow & warmth, a surge of energy unlike anything else.

Your Why is what your whole journey is all about.

And, it is the single most important thing to stay connected to when you have a period that isn’t quite as productive as you want it to be.

If you have a family vacation planned to an exciting place, you all feel the buzz & eagerness to get there and start having fun. When you take off in your car, all you can think about is getting to your destination and what it’s going to feel like to get there.

You have your route planned, your car is fresh, serviced & full of gas, you have all the supplies you need and the weather is great.

And, suddenly, you realize you’re not moving anywhere! The motor is running, the car is in ‘Drive’ and you’re pushing on the gas – you’re still not moving.

You realize that you have hit a mud hole and your wheels are just spinning.

(more…)

What Good is Your Marketing Without a Strong Idea?

When we present a seminar to a group of business owners, we always ask, “Who here is in the marketing business?” The answer usually is, “Just YOU.”

It’s really a trick question because the simple fact is: anyone who operates a business of any kind is in the marketing business. Otherwise how would you build your business? Every time you book an ad in the paper; run a radio commercial; send out a flyer; launch a web site, or any other activity you engage in to promote your business, you are in the business of marketing!

And now that we all understand that, the point is: in order for that marketing to be effective, it must convey a “Strong Idea” about your product or service to those people you are trying to reach.

Most of us market in ways that are interesting but not sensational, truthful but not mind-blowing, important but not “life-or-death”. You probably don’t have many resources to back your ideas. You don’t have a multimillion-dollar ad budget. Your ideas need to stand on their own merits.

You need a way to make your marketing messages stick. You need a Strong Idea.
A Strong Idea is one that gets attention, is understood, is remembered and changes something. That is, a statement, an offer, or a visual that will stop your potential customer in her tracks, and compel her to change a buying habit.
A Strong Idea can be a catchy headline e.g. “We Paint Every Car We Repair GREEN” for an environmentally friendly auto paint shop. Or, it can be an offer using an unusual visual: “If You Can Finish This Steak in Ten Minutes, Desert is On US” with a picture of a waiter with a pie in the face!

Strong Ideas are about simple action. They use vivid, concrete images that cling easily to memory, and they tap into emotion. And you don’t need to be a marketing guru to have them. Subway’s advertising campaign that focused on Jared, an obese college student who lost more than 200 pounds by eating Subway sandwiches every day was a huge success. And it started with a single storeowner who had the good sense to spot an amazing story.

So why don’t more of us use Strong Ideas all the time? Sadly, it’s because we know so much about our business. We suffer from enormous information imbalances.

When we discuss “unlocking shareholder value” or “our customer focused approach to business” or even “we believe in building relationships through face-to-face interaction” we know what we mean – but our prospects don’t, and they aren’t going to invest time finding out.

When a restaurant advertises “fine cuisine and a great atmosphere” to someone who’s never visited, prospects have no compelling picture in their minds of what the experience will be like. They might not know exactly what “casually elegant dining service” is.

It’s a hard problem to avoid. You can’t unlearn what you already know. Your only option is to take your idea and transform it – but, for heaven’s sake, make it a Strong Idea!

ducttapemarketingbadgeKen Burgin and Elizabeth Walker are the Marketing Masters (www.MarketingMasters.ca), a full-service marketing and advertising partnership that helps build busy businesses. Send your ideas on How to Thrive in Times Like These to liz@marketingmasters.ca or ken@marketingmasters.ca, or call 1-866-908-5720.

web: http://www.marketing,masters.ca
blog: http://thebuzzwithkenandliz.blogspot.com/

How to grow your Ideal Clients by 25% with zero cost of sales

Guest Post from Elizabeth Walker and Ken Burgin

We are rabid fans of growing loyalty among Ideal Clients over pretty much any other tactic. It’s the lowest cost sales activity you will ever engage in, since you are already doing business with them, you already know what they want and need and you can easily find out if they are being wooed by someone else. How easy is that?

And yet…we have hundreds of examples of business owners who not only don’t take advantage of this fantastic opportunity, they positively destroy it. See if you recognize yourself in these stories (yes, they are all real).

A client who spends $100 a month in your salon calls to make an appointment only to find her favourite stylist has left. Or even better, who calls for an appointment and lands in voice mail saying the salon is closed for renovation. You lose $1200 a year.

A customer who has been leasing his upscale cars from you for years needs some emergency service. Your service centre is booked up so you tell him you’re too busy. The customer not only takes the car somewhere else for service, he never comes back. You lose a lifetime value of $500,000.

A customer buys over a thousand dollars in clothing and accessories. He is particular but happy to spend to get the quality he wants. He leaves the store and never hears from you again. You lose the $10,000 he would have spent with you over the next five years.

A client who spends $35,000 a month gets a call from her ad agency saying they have to let the client go so they can pitch a potentially bigger prospect in the same industry. The agency didn’t get the other client, the client who was “fired” bad-mouthed them for years, they lost over $400,000 in revenue from her and it cost them close to a million dollars to go after the client they didn’t get.

What would it take not only to keep those customers, but grow them by 25%? Without spending a cent you wouldn’t have spent anyway? Without even investing in a web site, if you don’t already have one?

The first step is a database of every single customer who does business with you. If you can, link it to your point of sales system, so you know how much they spend, on what, when. At the very least, set up a spreadsheet with different columns as follows: first name, last name, street, town, postal code, phone, email, and a column you can put an X in for the kinds of products and services they buy. Since your computer already comes loaded with Excel, that’s free.

The second step is to sign up for an automated email service like www.ConstantContact.com. Sending to up to 500 names, more than you will ever need, will cost you about $20 a month – almost free. And the first 60 days are completely, 100% free.

Stay tuned for real life ideas you can steal to grow your business without spending money.

ducttapemarketingbadgeElizabeth Walker (thinking and words) and Ken Burgin (creative genius) are the Marketing Masters. They are both Duct Tape Marketing Authorized Coaches. Liz leads seminars in business strategy and communications at the Schulich Executive Education Centre, York University. We are thrilled to be working with small businesses and entrepreneurs everyday, and derive considerable joy helping them build busy businesses.
web: http://www.marketing,masters.ca
blog: http://thebuzzwithkenandliz.blogspot.com/

Tips for presenting a great webinar – pt 2

So you’ve got your topic, you’ve been sending information to and inviting your customer base. You’ve advertised it on your blog and Twitter and Facebook/MySpace.

Now what?

Send a reminder – email your registered attendee’s their login information and all important information right before the event. This will make them more likely to click over and attend. You’re looking to create that “Oh yeah!” moment with them.

Prepare - Don’t try and wing it, practice your presentation – and make sure to time it. Do a walk-through. Soup to nuts, as Tim is so often saying. Make sure as many of the kinks are out of your webinar as is possible. You probably won’t catch them all, but at least you’ll be better prepared.

Presentation - The way you approach and create your slides is important. You want to make sure they’re visually appealing and offer key points to what you’re talking about. But stay away from shoving as many words as possible into your slide. Make the slides easy to read. Short and to the point. Try checking out some really great slide presentations at Guy Kawasaki’s blog.

Support- The event will go better if you have another pair of hands and eyes. Have someone there to help field questions, monitor the Q&A window and in general be a helping hand. If you Twitter, consider making a #tag for the event. For our last event the hashtag was #dtmpa. There is a great explanation of what Hashtags are and how they came into exisitance can be found on the Twitter Fan Wiki.

Bonus tip- As a presenter, you want to make sure you’re giving as professional a presentation as possible, so think of the little things before you begin. If you’re sharing your computer desktop for the presentation, check out your background image, hide icons for your favorite games or shortcuts to websites. Turn off your instant messenger, your Skype and anything that might give off an alert or “take over” your focus during the presentation. Because Murphy’s Law is never more in effect than when you’re presenting something in front of 200 potential customers.

In the final part we’ll go over follow-up tips.

‘Chelle Parmele
Social Media Marketing Manager
Palo Alto Software