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Posts Tagged ‘sales’

Seth Godin explains why YOU might not be successful with your online marketing!

In Business Advice, Health Care Practice, Retail Stores, Retailer, social marketing on July 10, 2010 at 8:14 am

Ok, so here Seth Godin explains why YOU might not be successful with your online marketing!

Read it, learn from it and APPLY it! Then, PROFIT from it!

A good preacher ought to be able to get 70% of the people who showed up on Sunday to make a donation.

A teeny bop rock group might convert 20% of concert goers to buy a shirt or souvenir.

A great street magician can get 10% of the people who watch his show to throw a dollar in the hat.

Direct marketers used to shoot for 2% conversion from a good list, but now, that’s a long shot.

A blogger might convert 2% of readers to buy a book. (I’m aghast at this).

And a twitter user with a lot of fans will be lucky to get one out of a thousand to click a link and buy something. (.1%)

Likes, friendlies and hits are all fast-growing numbers that require little commitment. And commitment is the essence of conversion. The problem with commitment is that it’s frightening (for both sides). And so it’s easy to avoid. We just click and move on.

I think there’s a transparent wall, an ever bigger one, between digital spectators and direct interaction or transaction. The faster the train is moving, the harder it is to pay attention, open the window and do business. If all you’re doing is increasing the number of digital spectators to your work, you’re unlikely to earn the conversion you deserve.

Waiting for your fairy godmother (venture capitalist/ investor) to save you?

In Business Advice, Health Care Practice, Retail Stores, Retailer on June 15, 2010 at 9:15 am

There are no EASY ways to do business. When talking with a client today, I realized something I had never really admitted before, BUSINESS IS TOUGH!

There is no magic bullet, no get-rich-quick. It’s about something much more.

Now, that’s not to say SOME people may find success by being in the right place with the right thing at the right time, but those times are far and few rather than the norm.

Expecting that fairy godmother to come and make all of your dreams come true is a great way to feel like a failure!

THE SMARTER AND MORE SURE WAY TO SUCCESS? FOCUS! Focus on the right things at the right time. Focus on serving your current clients/customers/patients better! Focus on making loyal followers, die-hard fans. (See my post earlier today about Facebook fans and their worth, if you are using social networking as part of your plan.)

Here’s another way to think about it, to quote our man, Seth Godin, “Delight the audience you already have, amaze the customers you can already reach, dazzle the small investors who already trust you enough to listen to you. Take the permission you have and work your way up. Leaps look good in the movies, but in fact, success is mostly about finding a path and walking it one step at a time.”

SOOOOOOOOOOO? How will this change your day, your month, your year?

C

What is Stopping Your Prospects From Buying? Investing? Joining? (and it’s not what you think)

In Uncategorized on April 2, 2010 at 10:00 am

What would stop someone from joining a gym?

What would stop them from giving a donation?

What would delay them from making a decision to start a project?

Is it really the “economy”? Or is it something else that is totally within our reach to change and improve?

Well, when I think about exercising today, I automatically think about how I won’t have time to exercise enough to get really fit. I start thinking, “I won’t stick with it”, “I travel too much”, “Don’t have enough time”, etc. My eyes have been opened to this by Seth Godin’s post today, here are the points he makes:

Peter Singer is famous for posing a stunningly difficult question, paraphrased as, “If you are walking by a pond and you see a child drowning, do you save her? What if it means ruining a very fancy pair of Italian shoes?” Okay, if we assume the answer is yes, then why not spend the cost of those shoes to save 20 kids who are starving to death across town or the world? There’s really no difference. Or by, extension, invest in research or development that solves a problem forever… The issues are proximity and attention.

My take is that most people would instantly save the kid, but given the choice, probably wouldn’t take the road by the pond again any time soon. We like to avoid these situations, because these situations make us uncomfortable.

It boils down to a simple question, “how much is enough?” She knows that one iPod is all she needs, but she wonders how much philanthropy is enough?  And this is a key marketing question for anyone seeking donors.

Do I have to use up all my Italian shoes? How much is my share? …and at some point, will we end up avoiding Singer’s question altogether?

If you don’t give anything to good causes, then you define enough as zero and you have no worries about achieving ‘enough’. A sad but effective strategy.

If you give money to emergencies, friends with the guts to ask and the occasional feel good moment, you’ve also defined ‘enough’ in an easily achievable way. Your gift is a reaction to inputs.

What about people who make substantial, anonymous donations to long-term causes? How do they know what’s enough? How do they decide that now it’s okay to go out for a fancy dinner and not send the money to the worthy cause instead? If the solution isn’t clear, if it’s limitless, how do they avoid the temptation of avoiding the problem by doing nothing?

Marketers at good causes have a real challenge as they try to raise money from people who aren’t billionaires. As they approach people with $10,000 or $100,000 in the bank, this fear of not seeing a limit is very real, and if it’s not confronted, they will fail at both raising the money and generating satisfaction for the donor.

The Mormon Church says, “tithe”. They say, “10% is a lot, and 10% is enough.” This is actually very smart, because they’ve created a difficult but achievable standard, a way to be a member of good standing in their tribe.

When my dad ran the local United Way drive as a volunteer, he pushed for one percent. “One percent isn’t a lot, but it’s enough.”

What’s enough? I don’t think good cause marketers need to worry so much about which number or figure they choose, but I think they need to dream hard about whether giving people comfort with a ceiling will bring in a new class of significant donors. Too many people still avert their eyes.

PS this same thinking works for marketers trying to persuade people to join a gym, learn an instrument or go on a diet… if people can’t figure out what ‘enough’ is, where the end lies, they may decide it’s not worth starting. Sad but true.

So, Seth mentions, uncertainty, uncomfortableness and I, Christie, think this may also have to do with FEAR! Fear of not giving enough, fear of failure, OR fear of not making the right decision!

IF you sell a product or service or run a non-profit, you need to see this as a HUGE roadblock to getting people to buy, spend, dedicate.

If you have an ongoing service, this will prove to affect you as people will think about all of the reasons why it won’t work, why they will fail, whether you or your company are the right choice. SO, determine a price structure, or an exact plan for people to follow, you have to define “enough” for them, you have to determine “right” for them. THEN, the decision making process will be easier.

A few weeks ago on a call, I talked to a service provider about why he is not a fantastical success. I saw there was a huge problem with his offerings to prospects: a wide open service offer, choose any of the services, mix and match totally customizable services!

This WILL cause people to DEBATE about hiring you, rather than evaluating and buying. If you define your offers very clearly, then people who are ready to buy will have a much faster process, your sales funnel can be shorter for this group, rather than pinging them around for months, possibly years and then your competitor coming up with a complete package offering and dragging YOUR buyers there! THAT’s what people want, COMPLETE packages.

So, how does this play out and affect your business?

What will you change? Improve? Implement?

My best,

C

Seth Godin’s TWO approaches to How to Respond to the “Bad Economy”

In Uncategorized on February 8, 2010 at 10:51 am

So, the economy has affected us all. Many companies are looking to cut expenses, payroll, budgets, everything and anything that will lessen the outflow to attempt to balance the lack of inflow!

BUT, is this a SMART business strategy? Well, if you would like even less customers, revenues, clients, then yes.

If you want to grow your business, NO.

Seth Godin illustrates this well today:

One way to think about running a successful business is to figure out what the least you can do is, and do that. That’s actually what they spent most of my time at business school teaching me.

No sense putting more on that pizza, sending more staff to that event, answering the phone in fewer rings… what’s the point? No sense being kind, looking people in the eye, being open or welcoming or grateful. Doing the least acceptable amount is the way to maximize short term profit.

Of course, there’s a different strategy, a crazy alternative that seems to work: do the most you can do instead of the least.

Radically overdeliver.

Turns out that this is a cheap and effective marketing technique.

So, how should you respond, as the business leader? How can you overdeliver? How can impress the socks off of your current clients, customers, patients?

What will that create in referrals, word-of-mouth, and media attention? Whether in your marketing videos, on twitter, facebook, face-to-face with your clients/customers/patients, how will that change the interaction and the reaction and the after affect?

Look at Tom’s Shoes or other companies who seem to just give, give, give! Do they suffer financially? Absolutely not!

So, whatcha gonna do about it?

C

www.christiescott.com

Seth Godin says that there are two Trends to watch for:

In Uncategorized on January 4, 2010 at 2:57 pm

“Change: The infrastructure of massive connection is now real. People around the world have cell phones. The first internet generation is old enough to spend money, go to work and build companies. Industries are being built every day (and old ones are fading). The revolution is in full swing, and an entire generation is eager to change everything because of it. Hint: it won’t look like the last one with a few bells and whistles added.”

AND

“Frustration: Baby boomers are getting old. Dreams are fading, and so is health. Boomers love to whine and we love to imagine that we’ll live forever and accomplish everything. This is the decade that reality kicks in. And, to top it off, savings are thin and resource availability isn’t what it used to be. A lot of people ate their emergency rations during the last decade. Look for this frustration to be acted out in public, and often.”

We can see evidence of these. We can see the negative and positive effects already. BUT, how will YOU respond? How is your business going to serve and benefit from these INEVITABLE changes?

Tell me.

My best,

C

See me at: www.christiescott.com

Followup to the previous How To Set Goals for 2010 post:

In Uncategorized on December 30, 2009 at 2:35 pm

Such a response from my previous post about Goal Setting, so here is another post!!

Things to include or consider when making your goals for the year:

VISION – A DREAM WITH A PLAN – Most people don’t have visions, they have dreams.  What is your vision?

Do you feel you have the Right People in the right positions? If not, which people/positions do you see adding to the group?

What is your MAIN goal concern for 2010? What will go wrong to stop you from reaching your goals?

Break your goals into quarterly, then monthly goals, even weekly and daily steps to get you to achieving your goals.

What should you, your staff, your company START doing? STOP doing? KEEP doing?

Core Values – Do you have Core Values, if so, list here. If not, what would you like to encompass in your Core Values? Don’t worry about getting these perfect right now, we can work more on this in the future…

Core Purpose – What is the reason WHY? Why do you do what you do and why you want to continue on this goal’s path?

3-5 YEAR GOALS

BHAG – what is your big, hairy, audacious goal?

BRAND PROMISES – Who you want to be to your clients/patients/customers/followers.

AND DA DA DA DUMMMM, ONE OF THE MOST IMPORTANT THINGS TO MAKE SURE YOU WRITE DOWN AND REFER TO OFTEN THROUGHOUT THE YEAR: YOUR SMART NUMBERS:  List three key metrics (or Key Performance Indicators) that you, I or your staff can look at daily and/or weekly to know that the company is progressing toward your goals.

Would love more comments and observations from you all!

C

www.christiescott.com

Custom experiences brought to you by… use this idea for your business?

In Uncategorized on December 3, 2009 at 6:20 pm

There is no describing this… you have to EXPERIENCE it.

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