Marketing: The Edge to Late Entry

I’m running late today. Usually my Saturday morning posts are in your e-mail box by 3:00 AM

Not today.

Gone but not forgotten

Yesterday, the Toys R Us stores across the USA closed.

At its height it had 1,690 locations around the world. Ownership of the stores changed hands multiple times but it dominated toy sales pushing out smaller, local toy stores wherever it opened.

Toys R Us first lost is market dominance to Walmart in 1998. It struggled unsuccessfully to maintain, it’s position. The last time it had an annual profit was 2013.

The lesson learned

Smaller toy stores simply could not match the variety, volume and pricing of the larger Toys R Us that used the big box strategy to build an iconic brand. Big box based companies can easily supplant a single category competitor. You can have a competitive edge when you are late into the market but that edge needs to be honed continually.

Tilting toward the internet of things

Looked into Best Buy lately? Just about any electronic gadget you need can be found on their shelves including a lot of the items that qualify for the soubriquet: Internet Of Things. The sales force is being trained to understand buyers versus final users and to optimize their Geek Squad brand for completing the sale.

I heard through the grapevine that their Geek Squad has been trained in installing and servicing scads of new household gadgets. More importantly, they are being trained in how to deal with seniors.

The moral of the story

Someone in the marketing department has realized where the biggest market for these digital goodies is, how they get sold and the skills required to build a trusted brand. A friend tells me that a sensor that detects whether an aging relative is in bed, accessible across the net, is sold to a son or daughter as a way to check in on Mom or Dad. It is one of the items the Geek Squad is ready to install! Staying on top of market shifts can extend the life of your organization even if you are late to the party.

Better late than never

I spent most of the last week doing an inventory. A couple new Strategic Partnerships caused me to dust off productizing plans for the intellectual property I’ve developed over the years as a consultant and professional speaker.

My partners and I have looked at the offerings for independent professionals and small businesses and found them generally wanting. Most are rehashes with little or no relevant statistical support. Proven processes, tips and techniques are hard to come by.

The edge to late entry

Marketing Without Money TM products we deliver (learn more) will be thoroughly tested and adapted to the life style of the owners of professional practices and small business. What that means is that they will be available in Video, Audio and PDFs. It will be a subscription service with small cohorts. Regular webinars that are heavy on Q&A will highlight program keys and provide bonus materials. The programs will be continuously refined with new additions available to all subscribers.


Jerry Fletcher ThinkinigJerry Fletcher, Networking Ninja, is a sought after International Speaker, beBee ambassador, founder and Brand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and Business Development on and off-line.

Consulting: www.JerryFletcher.com
Speaking: www.NetworkingNinja.com

 

 

Brand is a Matter of Time

In an instant.

You can brand yourself, a product or service in an instant. That’s true, but only when you are making first contact. When you are not known by that contact you can be whatever you decide to be. Your product or service can be positioned so that is clear and presents you memorably.  That’s the “hook” in 30 Second Marketing.

For a short time

After the conversation engendered by your “hook” which gives you a chance to explain the problem you solve for about 80% of the folks you work with, the “Hold” and how you, your product or service is different from others in the market, the “Pitch” they will remember what you told them if it is relevant to them.

Or it could be “Sticky Time”

Deliver your Hook, Hold and Pitch believably and they will remember for themselves, Keep you in mind as a referral and literally come back to you years later. I’ve been speaking as the Networking Ninja since 1993. People that saw me as much as 20 years ago still seek me out.

Ripple time

It is like dropping a pebble into a pool of water. The ripples move out from the center and engage with someone. If that person buys in it sets up another set of ripples that keep expanding.

Bunch time

Every brand starts with just one advocate. That one refers you, your product or service to the next and the next until you have small bunch of fans. For some, that small bunch is all that is needed to be successful. For others it is the beginning of a tribe. Still others need a nation to stay in business.

Fallout happens. Our clients or customers will turn over in time. Their loyalty is a matter of how well their needs are met. You need to look at these items to be sure you are on the right track:

  1. frequency of purchase /Loyalty–average length of engagement
  2. Referrals over time to maintain the business
  3. Compensation Method and LTV (Life Time Value of each client/customer

Counting down to Success

Too often, independent professionals bill hourly. Product oriented companies think only of single sales and service organizations think in terms of projects. Here are some direct comparisons using LTV as the key decision point drawn from my files:

Item       Frequency         Loyalty         Referrals              Payment              LTV

Product  1-time               Product Life        0                        $20                         $20

Product  1-time               Product Life         0                       $20
with refills 10 x /year       $5 per time                                   $50                         $70

Service 1-time project    1 to 3 months      5-10% will refer $2500                    $2500

Service on
retainer   Annual Renewal  Avg 3 years     up to 20%           $1000/mo            $36000

Intellectual
Property  1-time               Product Life        up to 10%           $150                    $150

Intellectual  Subscription  Avg 1 year         up to 10%            $150/mo             $1800
Property

Intellectual   Retainer +    Avg 1 year          up to 10%           $1000/mo
Property      Subscription  Avg 1 year                                     $150/mo            $13800                                                  

What time is your brand operating on?


Jerry at Cafe in Venice

Jerry at a cafe along a canal in Venice.

Jerry Fletcher, Networking Ninja, is a sought after International Speaker, beBee ambassador, founder and Brand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and Business Development on and off-line.

Consulting: www.JerryFletcher.com
Speaking: www.NetworkingNinja.com

Brand is Your Voice

Every sense you have is how you respond to Brand.

Sight is a major input. It streams graphics and color and your name.

Smell, the most deeply rooted and emotionally stirring perception entry can lead you to incredible savories, repulsion, fear and fornication.

Taste can trick you or send a trickle charge to your amygdala.

Touch will be rewarding whether you deliver or receive it.

Sound. Your most used natural sound ability is your voice.

It can be raised in song.

It can whisper. Or scream.

It can be broadcast, recorded and played at will.

Your voice can be memorable or drab.

It is part of your personal brand, like it or not.

Why your voice is important:

  • The most common way we communicate today is via telephone.
  • The internet gives us all the possibility of being on-air personalities
  • It is one more way to separate yourself from the pack

A Speakers Bureau Owner once told me, I go to bed with your voice every night.” That left me a little non-plussed so I asked her what she meant. She replied, “I like your Networking Ninja tapes and your modulated delivery. I listen to one lesson each night. I learn something. Your voice calms me and I turn the player off, roll over and go right to sleep.”

All this came back to me as I listened to a Pod Cast I guested on recently. You can hear it at any of these links:

Training Unleashed Website: http://www.trainingunleashed.net

ITunes: https://itunes.apple.com/us/podcast/training-unleashed/id1274213431?mt=2

Stitcher: https://www.stitcher.com/podcast/training-unleashed

iHeart Radio: https://www.iheart.com/podcast/263-Training-Unleashed-28643038/

C-Suite Radio: https://www.c-suiteradio.com/shows/training-unleashed/

Record yourself.

Listen.

Is your voice distinctive? Is it memorable? Does the way you turn a phrase get attention? Is your chuckle infectious? When you laugh do people laugh along with you. Do you pause to give people time to digest your ideas?  When you get nervous do you sort of spew?

Take the time to make your voice distinctive.

Make it part of your brand


Jerry Fletcher Keynote in ColombiaJerry Fletcher, Networking Ninja, is a sought after International Speaker, beBee ambassador, founder and Brand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and Business Development on and off-line.

Consulting: www.JerryFletcher.com
Speaking: www.NetworkingNinja.com

3-Second Branding

You can’t control brand but you can influence it.

Brand has been part of the expertise I’ve offered for going on fifty years.

I stumbled into this: the only time you have really powerful influence on brand is when the slate is clean.

If you’re an independent professional—a consultant, coach, financial planner, accountant, insurance agent, realtor, IT specialist (to name a few) this little tidbit is for you.

You’ve got 3 seconds.

How you identify yourself in that first few seconds will determine whether or not you will be remembered. What you say is the “hook.” Prospects will hang all their knowledge of you going forward on your initial utterance. Memorable words will get you a place in their mind and possibly their heart.

The “hook” has been an integral part of 30-Second Marketing since I came up with it to replace that tired old “elevator speech”

The hook, by itself, can establish a Brand. Whichever kind of hook you select, it can do that job.

What are your choices?

There are three that I know work. Each answers the question, “What do you do?” if you work in North America. They work but are less comfortable in other parts of the world.

  1. The Unforgettable Title
    This is a simple way to identify your expertise. Some examples:
  • Captain Crunch (A Certified Public Accountant)
  • Business Defogger (A top-notch Management Consultant)
  • Brand Poobah (A Professional Speaker –moi)
  1. The Beloved Benefit
    This one comes from knowing and understanding the desires of your target audience. It is specific about what you deliver for them in memorable language that comes from their vernacular. Examples:
  • We remove the paperwork from clean water.” (A client company that is bringing digital approaches to water testing record keeping)
  • We reboot employee mindsets to unleash their potential.” ( A client partnership that has developed, tested and guarantees their ability to help individuals find balance, eliminate stress and overcome addictions)
  • We build websites that make rain.” (I used this one in the years that websites were key to new consulting engagements for me.)
  1. The Shock Style Connector
    Sometimes to stand out from the crowd you have to be a little shocking. This approach moves from shock to service and gains credibility along the way.
  • I’m a Marketing Whore” (A possibility offered in a workshop by a woman who explained that she was looking for a job, had many years experience in multiple companies and had many “satisfied customers” along the way. She got a round of applause for her effort plus two job offers)
  • “I traffic in human flesh.” (An adoption attorney during a 30 Second Marketing workshop. She said it was the intro she used at cocktail parties to “break the ice.” It worked. Two workshop attendees asked for her help.)
  • I’m a pick-pocket.” (A professional fund raiser who goes on to explain how he identifies donors and how to make them make charitable contributions. The non-profits that hire him never forget him and keep asking for his help)

Think about it.

None of those hooks take more than 3 seconds to set. None of them are easily released. None of them are easily associated with someone else once used.

Most importantly, when you are just wading in they give you memorability that might not come your way for years in any other way.

What is your Instant Brand?


Jerry Fletcher, Networking Ninja, is a sought after International Speaker, beBee ambassador, founder and Grand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and Business Development on and off-line.

Consulting: www.JerryFletcher.com
Speaking: www.NetworkingNinja.com

 

Chutes & Ladders To Build Your Brand.

 

They didn’t have the game when I was a kid.

We got it for my daughter when she was in grade school. It is a counting game where you move from the bottom of the board to the top. Where you land determines your progress toward the goal. A Chute, like a playground slide takes you down while ladders take you up.

It is all about mindset.

Yours. Others. Whether we go along or not is dependent on the convictions in place both before and after individuals engage. Chutes are pre-engagement. Ladders are once we begin attempts to influence another.

Chutes, in the real world turn out to be positive or negative according to Robert Cialdini in his new book Pre-Suasion. His first book, published 20 years ago, (Influence) was about the six key “ladders” that marketers, advertisers and sales professionals use to convince and persuade.

A chute is my way to describe Pre-Suasion.

It occurs:

  • Before you are in a position or situation to be sold.
  • Before the discussion of features and benefits.
  • Before the emotional appeals.

It happens when you or your prospect are in a frame of mind that will color your reaction to all the ladders. You are on the chute and what you feel, think and believe in that moment is predictably what will make the difference in your reaction.

This is behavioral psychology finally exploring the complexity of factors that control acceptance of advertising, marketing and sales techniques.

Too often we use a Ladder approach, stacking up all the features and benefits of going our way and at times yielding to the hard-won knowledge that decisions are emotionally, not logically based. Yet we fail because the chute our prospect was perched upon ran counter to our approach.

The power of setting the stage.

Shakespeare noted that “All the worlds a stage” Before you, as a player, utter a single line, consider the stage. Is it conducive to the outcome you hope to produce? If you can control them, how would you change the trappings? Could you change the speech that precedes yours? Is there a musical or sound note that could be injected to change an attitude? Is there a lighting or art effect that can change the mood?

30-Second Marketing TM, the technique I teach for self-introductions is a powerful example of how the elements revealed in Cialdini’s book set the stage.

Why 30-Second Marketing TM works.

  1. You wait until they ask, “What do you do?” that shows focus on you.
  2. You hook ‘em. You respond with something memorable like, “I’m a Networking Ninja.” That generates curiosity and puts them on a chute because they want to solve the mystery of the title.
  3. Next you hold ‘em with a statement like, “You know how you, like most people, are really uncomfortable introducing yourself…” A nod or other positive response will tell you that they are with you and that you have now personalized this conversation to them.
  4. Then you pitch ‘em. You say something like, “What we do is teach you how to have a conversation instead of doing a commercial. We help you mothball that elevator pitch and use a technique that is a shortcut to Trust that you can do in 30-Seconds or less.
  5. You close ‘em on a date and time to sit down in their office to work out the details of how you can work with each other. You set the stage.

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Jerry Fletcher Keynote in ColombiaJerry Fletcher, Networking Ninja, is a sought after International Speaker, beBee ambassador, founder and Grand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and Business Development on and off-line.

Consulting: www.JerryFletcher.com
Speaking: www.NetworkingNinja.com

 

 

 

Do you Look Your Brand?

Your logo is the least of it.

Part of my job as a consultant and speaker is to help independent professionals and small businesses see how important every graphic, photo and video is to their brand.

Adults relate to people not symbols.

It is easier for grocery shoppers to pick Newman’s over a host of competitors. Which do you lean toward, General Mills or Betty Crocker? Given the choice so you opt for coffee grown, picked and shipped by Juan or one of the raft of others on the shelves?

Animals come in second.

Can you believe a Super Bowl with no commercials featuring the Budweiser Clydesdales? When it comes to batteries do you want the Energizer Bunny ones or the other guys.

Cartoon Personalities come next, particularly with kids.

Four out of the top five cereals are hyped by a cartoon character (Frosted Flakes, Lucky Charms, Captain Crunch and Fruity Pebbles). Ever wonder the King Kong of movie production in the last few years is Marvel?

Here’s how that impacts you and your business.

  • If you are an independent professional, your name and your image should be part of every way you promote your brand. For example, recently I decided to do more speaking. My new card reflects that in the visual which is a photo taken during a keynote. If you’ve ever been to a conference the impression is that this is a keynoter.If you can manage it, use a photo that allows the person viewing to make eye contact with you. Spend the money to have a professional photographer capture your essence. Selfie’s just don’t get it!
  • If your business is a separate entity providing a product or service not tied to your name or professional capabilities consider using an animal. I’ve known a very successful writing instructor that built her identity around her Newfoundland Retriever. At one point one of the most successful speakers I know had a blog “written” by his dog.

Be careful how you choose. Not everyone likes insects, or snakes or a mélange of other critters. Usually you need to stay away from the scary ones but sometimes the fear factor can make you more memorable. Or, you can do a switch up by using a comforting story or image. One of the highest readership blogs I’ve ever written was about a Mama Raccoon.

  • If you like cartoons, consider the expense. There are a lot of low cost logos that are cartoons. The problem is we are trained very carefully from youth to expect cartoons to be animated. Full scale animation is costly in terms of both time and money. Some amazing things have been done recently in software that may help you overcome this difficulty. Check into it before you walk away from the potential.

The key is to keep it consistent.

Every time you produce anything that will be seen by your customers, prospects, connections and referral sources make sure the visual reflects the image you want to present to them. That includes looking in the mirror as you leave your lair. Even if you are just running out to get an item at your local grocery, you need to look your brand.

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Jerry SpeakingJerry Fletcher, Networking Ninja, is a sought after International Speaker, beBee ambassador, founder and Grand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and Business Development on and off-line.

Consulting: www.JerryFletcher.com
Speaking: www.NetworkingNinja.com

The Registration Plus of the Personal Touch

Late today I got a call from a young man striving to get the same sort of business levels here in the Pacific Northwest that he and his wife had been enjoying in Texas. I agreed to meet with him and immediately turned to my files to see if there were tips I had passed along in articles that might help him.

This was first posted in 2013.

Bill got right to the point. He asked, “You’re the expert at on line marketing how can I put my half of the seminar attendees in their seats?”

“Back up,” I said. “Your half?”

Bill explained, “I’ve worked out a deal with a client to host a seminar and they will put 10 people in the room and I have to provide the other 10. I’ll present and they will host the room and the lunch. It’s a win-win if I can get those other seats filled without having to buy the room.”

“Buying the room is a theater expression for providing free tickets to an event to fill the room so it looks like it is a hit.”

“So,” I asked, “Why are you buying me coffee?”

He reviewed his plan to send out e-mails to his list of connections that had opted into his newsletter and even showed me the rough outline of his message.

Bill got a blank expression when I asked him, “What is the subject line?”

He was so wrapped up in the message that he forgot that you have to get the e-mail opened. There are two things people look at before opening an e-mail:

  1. Who it is from
  2. The subject line

The more personal the message appears, the more often it is opened and the easier it is to accomplish your objectives.

I told Bill, “If you have to put 10 people in the room the process they are going to go through is:

  • Open the e-mail (Open rates from a Newsletter list are good, up to 50% but don’t count on more than 20%)
  • Read the offer. Reject you, look for more information or register (Rejections—80% at least. The measure here is click-throughs)
  • If they look for more their options are to reject or register. (About 20%, with luck will register).”

Bill, who is a numbers guy said, “So if I hear you correctly, if I went out to 100 people only 20 would open the message. A best 4 would look for more information. Of those maybe 1 would register.”

“Right, “I said, “so the number you go out to is critical. With those analytics you need to go out to 1000 to get your ten. BUT I can increase our odds. Put their name in the subject line and you get a 15% to 25% increase in opens.

Do the math. That gets you 40 opens, 8 click-throughs and 2 registrations per 100 e-mails sent.”

Bill said, “Thanks, with the personal touch it now seems possible.”

How you handle the click through (CTA) to more information and the page which that delivers can also increase your odds but the single most important factor is getting them to open your message. Personalizing does that.


Jerry Fletcher Keynote in ColombiaJerry Fletcher is a beBee ambassador, founder and Grand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and business development on and off-line. He is also a sought-after International Speaker.

Consulting: www.JerryFletcher.com Speaking: www.NetworkingNinja.com

 

 

Personal Brand and Charisma

Either you’ve got it or you don’t is not true.

Anyone can be more charismatic and anyone can build their personal brand by doing so. The question is: Are you willing to pay the price?

The price may be a shift in your emotional quotient (EQ) because charisma is judged by observers, not you. You may have to change the way you present yourself to the world… all the time.

Behavior dictates how you are judged.

As Shakespeare said:

“All the world’s a stage,
And all the men and women merely players;”

Your audience, whether you are a speaker, manager, politician or a member of the C-suite, instantly makes decisions about whether or not they can devote themselves to you and your vision. Instantly.

They look at:

  • Your movements and stance—if you appear open and move with sureness you will be seen as charismatic.
  • Your confidence—research indicates that if you are perceived initially as having confidence, that perception will not change over time for the viewer who will see you as charismatic.
  • How you present your ideas—using emotionally powerful stories and images that reach into the psyche of your audience makes you charismatic.
  • Your focus—when you are engaged with an individual or a group you are absorbed in them. Nothing breaks that concentration. And you will be seen as charismatic.
  • Your competence and friendliness—which they are judging from an emotional intuitive basis rather than using their logical faculties. Check your charisma score on these tow elements here

Trump is an example.

In his book Charisma in Politics, Religion and the Media, David Aberbach delineates historical pivot points that occurred due to charismatic leaders. He contends that charismatic leaders release the individual of the pressures of life under stress. They seek protection in a group. When individuals feel vulnerable there is a possibility of a charismatic attachment. This can be very dangerous in certain circumstances.

So was Hitler

Charisma can be used for good or for demagoguery. Hitler employed his power to give people a target of hatred, which gave those who felt broken their own sense of superiority.

Is Trump, like Hitler, targeting a group for hatred?

Why does he continually say, “No amnesty and no citizenship.” Why is he trying to destroy NAFTA?  Why are immigration cops being allowed to operate like Hitler’s Brown Shirts? This is not the the kind of positive charisma and leadership displayed by Franklin Roosevelt, Ghandi and Nimitz.

Use your charisma for good and stay tuned.


Jerry Fletcher ThinkinigJerry Fletcher is a beBee ambassador, founder and Grand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and business development on and off-line. He is also a sought-after International Speaker.

Consulting: www.JerryFletcher.com
Speaking: www.NetworkingNinja.com

Is Your Brand Singular?

UniqueAre you:

  • Focused
  • Unique
  • New
  • First
  • Defining

Successful brands are at least one of those.

Focused

The problem with most entrepreneurs is that in their rush to please customers they keep adding products or services and confuse people. Big companies are notorious for making this mistake. Automobile companies may be the best example of the worst behavior. Can you even begin to name the cars that Chevrolet manufactures today?

However, if you stick to one thing, then people identify you with that singular product or service or category. Examples: Starbucks, H&R Block, Subway.

Unique

There is only one Alan Weiss or Taylor Swift, or, for that matter, you. There is something unique in every individual. What is it about you that identifies you in other’s minds? One of my clients, a management Consultant is known for his ability to bring clarity to leadership of mid-size companies. He is known as “the Defogger.” Another is branded by her ability to help you see the psychological reasons you get tangled up in with managing money. When it comes to money knots, she is known as “the Untangler.”

If you are a professional or consultant your brand is a mixture of your skill set, your personality and how well you succeed in getting to trust. Ask your clients or patients or customers how you are different in their eyes. Use what you find out to let new connections have a better picture of you in their minds.

New

Brand spanking new, never seen before is not common. More often, yours is a new entry in an existing category. Every Salon that opens is new to the neighborhood but not to the category. Every young man or woman that passes the bar is a new lawyer but does not yet have a brand. Just because you are certified as one kind of professional or another doesn’t mean you have cachet. It may take years.

New is easier with products or services or even how people pay for your services. A former client (WingVentures) trained people to become pilots. The standard pricing in the industry is an hourly rate payment for the instructor plus an hourly rate payment for the aircraft plus the fuel cost for the aircraft each time you take a lesson. When he offered an all-inclusive price to go from novice to a pilot’s license he was not sure it would work until the first time he tried it and the client handed him a check for the full amount. The new approach netted him executive clients from not only his local area but from across the USA and Europe.

First

Don’t confuse being first with being first, ever. You can be first in your geographic area, first in your category or first to jump from one prospect audience to another.

Being first ever means you have to have a completely new product or product implementation. For example, false fingernails have been around since ancient times but Acrylic finger nails were invented in 1954. Fred Slack, a dentist, broke his fingernail at work, and created an artificial nail as a realistic-looking temporary replacement. After experiments with different materials to perfect his invention, he and his brother, Tom, patented a successful version and started the company Patti Nails.

Today, acrylic nails come in do-it-yourself kits. Professionals continue to offer them along with other kinds of false nails.

You will definitely not be the first to offer false nails but you could be the first to offer your own designs in your neighborhood.

You could be first to offer the service in the local barber shop with special nail designs just for men. Just thinking.

Defining

Sometimes a brand becomes the definition of product or service. Ever ask for a Kleenex or a Xerox? Ever specify a brand because they own the word that defines the solution to your problem? For instance, if it absolutely positively has to be there overnight you would probably call FedEx. Have a small cut? Sounds to me like you need a BandAid.

Remember my client the flight instructor? He offered Executive Flight Training. We oriented all discussion of the service and ancillary services to busy executives that wanted to get licensed on their schedule. There was a Private Pilot’s package, an Instrument Rating package and even a Jet Transition package. We even put together special deals for lodging for out of towners to come in for up to 21 days of training.

You can define your Brand with a word. It is best if it is a name but just hooking your brand to a specific word in the prospect’s mind can make you singular.


Jerry SpeakingJerry Fletcher is a beBee ambassador, founder and Grand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and business development on and off-line. He is also a sought-after International Speaker.

Consulting: www.JerryFletcher.com
Speaking: www.NetworkingNinja.com

 

 

 

 

Step Away From That Social Media Suckhole

Social Media SuckholeJim said, “One of my clients was talking about his experience on FaceBook. It seems he has looking for a high-tech app for his company, saw an ad on FaceBook, clicked on it and within 15 minutes someone from the company was calling him.”

He told me that he suggested the CEO turn it around and use it for his own company.

Then he asked the wrong question!

No, I said, you should not be advertising on FaceBook. And you should not think about LinkedIn or Google either. The reason is simple: That is not the right model to build your business.

Until the customer/ client/ patient gets access to your product you don’t have a business.

Service Businesses require someone to provide “hands or minds on” actions. There is direct contact.

Product Businesses make an item that can be used but the company may or may not have direct contact with the end user.

Combination businesses make products and provide services associated with those products usually but not always directly. Their passage or physical distribution may be direct or through several intermediaries.

Distribution businesses provide physical distribution of products to end users or resellers such as retail outlets. The most common are independent distributors and wholesalers. The amount of inventory they carry varies across a full spectrum.

Agent/Broker businesses sell products or services to end users but may not handle physical distribution. Most independent salespersons fall in this category. Frequently they handle several lines that are used in an industry but are not directly competitive.

What is the right model to build your business?

  • Consultants and Professional service providers usually do best when they use tools that generate referrals
  • Business to Business B2B organizations that offer services need a combination of promotion, referrals and a sales force that connects with customers efficiently
  • B2B organizations that offer products at low cost may orient more to advertising and telephone follow up like Jim’s client experienced. The controlling factor is the cost of the products offered. Higher priced products generally require a more knowledgeable sales person and sometimes the best solution is an engineer partnered with a salesperson.
  • Business to Consumer B2C companies have the broadest selection of distribution possibilities that run the gamut from direct sales to distributors, wholesalers and retailers. But here, too, the price of the product being offered will have significant impact on the level of salesperson required.

Do you or a competitor have a way to change an industry?

Examples abound: Amazon, Lyft, Driverless Cars, Disney’s Magic Band access to hotel and park, Airbnb and a host of Internet of Things (IoT) applications that may not have existed last week.

You need to think about how FedEx technology adaption forced UPS to leapfrog them. Can you do something like that? No matter what your product or service, you can, if you think it through, make your offer in such a way that it stands out form the crowd.

That’s when Social Media fits in.

Use the social media platform that gets you the most exposure within your target audience at the lowest cost until you move on to pay per click advertising. Hire a professional organization that makes a living doing that. You will save yourself time, pain and money in the long run. But first, make sure your landing pages and website support your Mission, Position and Value Proposition.


Jerry Fletcher ThinkinigJerry Fletcher is a beBee ambassador, founder and Grand Poobah of www.BrandBrainTrust.com

His consulting practice, founded in 1990, is known for Trust-based Brand development, Positioning and business development on and off-line. He is also a sought-after International Speaker.

Consulting: www.JerryFletcher.com
Speaking: www.NetworkingNinja.com