Good branding will accelerate your business’s growth

By Sharon Lee

A strong brand gives you an edge over your competitors.

Branding is not only about getting your prospects to select you over the competition, it is also about getting your prospects to see you as the sole provider of a solution to their problem.

Your brand is the sum total of many aspects of your business. Branding includes a name, term, sign, symbol or design, or a combination of these elements that identify products or services of a seller.

The objectives that good branding will achieve include:

• Clearly delivers the message
• Builds your credibility
• Emotionally connects your target prospects with your product and or service.
• Motivates the prospect to buy
• Creates user loyalty

To succeed in branding, you must understand the needs and wants of your prospects and customers. This achieved by integrating your brand strategy through your company at every point of public contact—think of branding as the expression of who you are as a company or organization and what you offer.

If your brand could speak, how would it complete the following statements:

• I am ________________
• I exist because ________________
• If you relate to who I am and why I exist you might like me, you can buy me and you can tell others about me

If you are effective in creating a good brand, it will live within the hearts and minds of prospects and customers. It is the sum total of their experiences and perceptions, some of which you can influence, and some that you cannot.

A strong brand is invaluable when you battle for customers every day. It's important to spend time investing in researching, defining, and building your brand. After all, your brand is the source of a promise to your buyers.

 A brand is a foundational component of your marketing communications and one you do not want to be without. A brand is strategic and marketing is tactical and what you use to get your brand in front of consumers. That's why it carries a great deal of importance within a business or organization as well.

Your brand serves as a guide to understanding the purpose of business objectives. It enables you to align a marketing plan with those objectives and fulfill the overarching strategy.

The effectiveness of brand doesn't just happen before the purchase, but it's also about the life of the brand of the experience it provides to buyers. Did the product or service perform as expected? Was the quality as good as promised or better? How was the service experience? If you can get positive answers to these questions you've created a loyal customer.

And it’s important to realize that good branding not only creates loyal customers, but also loyal employees. It helps them understand the purpose of the organization or the business—a strong brand gives your team something to believe in, something to stand behind.

Defining and developing a brand takes expertise, care and effort…

9 simple rules for creating ads that work

By David Ronald

All businesses need promotion. After all, no matter how awesome your company’s product or service is, if you don’t advertise, nobody will know about it.

Advertising is a little bit of a black art. Some ads go are highly effective while others hurt more than help. It can take a bit of trial and error to create an advertisement that really works. Here are 9 simple tips that will increase the odds of your success.

1. Determine what will make you stand out—identify and evangelize the key things that will make your prospects pay attention to your company’s product or service. Show your potential customers why your business should be their number one choice and why they shouldn’t even consider your competitors. If you do this effectively, there is a good chance they won’t.

2. Use a headline that grabs viewers’ attention—people are exposed to multiple ads each day and can’t possibly read each one. This is why you have to make sure that your ad actually grabs and keeps their attention. Some headlines are newsworthy, such as in the release of a new service or product. Others have a very strong benefit. Most are specific, as opposed to general, in their facts.

3. Focus on benefits—explaining the features of your products or services is important, but articulating the benefits for the buyer is what it’s all about. After all, people are more interested in what they get from your services than what you do.

4. Make people an offer they can’t refuse—buyers love a bargain, so offer them a good one increases the probability of a sale. Once you come up with your irresistible offer, make sure that you advertise it proudly. When people see that you have something great to offer them, they will have a difficult time resisting it.

5. Make your offer as risk-free as possible—people are nervous about spending their money. And if people fear that they’re going to lose their money and regret their purchase, they are unlikely to purchase your product. But, if you remove these doubts, people are given an incentive to give your product or service a try. So it’s a great idea to offer a money-back guarantee.

6. Use testimonials—people trust other consumers and want to know what they have to say about a company. You can’t make people look for online reviews about your business, but you can give them the same peace of mind by adding a testimonial from a current client who is pleased with what you have to offer. Seeing that other buyers just like them are happy with your product can encourage potential customers to give you a try.

7. Include a call to action—don’t just inform your prospects about what your company has to offer; encourage them to take action. Tell them directly to click on your ad, order your product, pay for your service, etc. For example, your call to action can encourage people to email you for more information, to fill out a form to find out more about your services, to join your weekly or monthly email newsletter or purchase your product.

8. Create a sense of urgency—you don’t want to just plant a seed with your ad, you want people to move forward. Consider, for example, making an irresistible time-limited offer. Or bring in an upcoming season or event when your product will come in handy to make people buy now.

9. Complete contact information—your ad should include a link to your website for more information as part of the contact information. If your offer include an offer to download collateral, consider making that item gated (ie, the viewer has to provide their contact information before accessing it). Include a QR code if your advertisement is in hardcopy format.

Advertising is important and good advertising will help your company succeed.

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Lean concepts can ensure your startup succeeds

By David Ronald

You may have had a great idea for a game-changing product and started your own business. And you may have launched your product and experienced some early success.

Before long, however, cracks began to appear and the numbers started heading in the wrong direction. Things aren’t working out quite the way you had expected.

Don’t panic. Many founders think that the first version of their product will also be the final one—in reality, however, significant refinement is almost always necessary.

Here are some suggestions for how you can use lean startup concepts, popularized by Eric Reis (http://theleanstartup.com/), to improve your business:

1. Use evidence to unlock success
Lean startup concepts move beyond favourable opinions and towards gathering valuable, usable evidence. Adopting it enables you truly observe the effects of a product, seeing it in action and recording exactly how it is received externally—it allows you to measure what works and what doesn’t. As many businesses are now adept with using analytical tools and measurement systems this shouldn’t be daunting. Think of lean as a scientific method, with change grounded in data from behavior, not whims.

2. Reprogram your attitude to failure
While I’m a fan of Ries, I also share the success story of inventor Dr Norm Larsen (http://www.wd40company.com/about/history/) to help others understand why we chose to go lean. Although he may not have realized it at the time, Larsen implemented a lean approach when he devised his most famous product: WD-40. Viewing his work as an experiment, he constantly adjusted and refined the product until satisfied, which is exactly what we do. You know why Larsen’s product is called WD-40? Because versions one to 39 all had failings.

We can learn a lot from Larsen’s persistence and approach. It shows how rethinking our attitude to failure can enable us to learn and adjust quickly, bringing us closer to success.

3. Climb aboard
The lean approach involves your entire company, not just management. For it to work, everyone needs to be invested. I’ve found that once staff are signed up and have a sense of ownership and involvement, they will work with you to achieve tangible goals. It’s all about empowerment; Team members will work towards collective success based on their individual performance, not distant corporate objectives.

I strive to create an environment where people aren’t scared to try new things or speak up when they feel adjustments should be made. This approach has helped me create a culture of collaboration and innovation, which has invigorated the company across all departments and levels.

4. Take a practical and philosophical approach
You may wonder how to maintain momentum when the business flourishes beyond the startup stage. Positive or negative, all business changes must be consistently addressed and managed. A key consideration of lean is that ultimately it’s a mindset. With the right care, attention and with the senior management team leading from the front, a lean culture can be maintained with scale and with confidence.

5. Take as much (or as little) from it as you want
Remember, when it comes to going lean you can be a fan without being fanatical. With the Ries model, we take from it what we need and tailor it to our business. Like all business approaches, nothing is set in stone. That’s the beauty of lean: It encourages constant analysis, adaptation and refinement.

It’s within the capabilities of your business to achieve success. If you value business or product development as a constant work in progress, the lean startup approach can give you the framework to help your business flourish.

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5 secrets of successful word-of-mouth marketing campaigns

By David Ronald

Companies that achieve word-of-mouth success story typically don’t accomplish it by chance—they have, instead, thoughtfully planned and developed marketing campaigns intended to create buzz.

Examples of companies or organizations that have done a fabulous job with word-of-mouth marketing include Apple (who wasn’t talking about the new iPhone 6?) and the ALS Association (their Ice Bucket Challenge went viral in a matter of days).

(Click here to read our white paper on word-of-mouth marketing: http://bit.ly/1jAM2Ct.)

While all of these companies/organizations are completely different, they employed similar strategies in launching their campaigns.

To follow in their footsteps, your WOM (word-of-mouth) marketing should:

1. Be unique—in order for your campaign to be effective, irrespective of whether you’re offering a new product or service, it has to be unique. In the examples above, the companies offered something that no one before had ever offered. While you may not have the means to develop an entirely new unique product line, you do have the means to think about marketing that product in a way that is creative and engaging.

2. Send a message—just as important as being unique is sending a message that meets consumer needs. People don’t just love Apple because their products perform better – they love Apple because their products are trendy, user-friendly, and look awesome. When you purchase an Apple product, you’re saying, “I’m hip,” or “I’m technologically savvy,” (ie, the message that Apple sends to its customers is that an Apple product will make you cool). If you want people to talk about your product, then you need to create a message for buyers that is just as tempting.

3. Guide the conversation—the point of WOM marketing is that it focuses on one customer talking to another potential customer about your product. Remember, however, that when people talk, the talk isn’t always positive. If you want to improve your marketing strategy, you can take small steps to guide the conversation that people are having about your brand. For example, you can highlight and promote certain products or services in store, on your website, and on any of your social media sites. One word of advice that will help you to direct (or avoid) negative conversation is this—if you have any potentially bad PR that people may discover, you should get it out in the open sooner rather than later—honesty is key to WOM marketing success.

4. Broaden the buzz—if people are talking about your product, that’s great—your WOM marketing is well on its way to being effective. A few people, however, talking about your brand is not nearly enough to make your marketing as successful as it could be. Once people start talking, it’s your job to broaden the buzz by building communities on social media, reaching out to influencers, and sending out hints about business or product updates, news and other exciting ideas.

5. Not ignore basics—while you should certainly look to companies with successful WOM strategies for inspiration, ensure that you don’t forget about the most basic element of a marketing campaign: your customers—if you want your customers to love you and to talk about how much they love you, you have to exceed their expectations. And do so consistently. Offering great customer service, going out of your way to keep customers happy, and always putting the customer first is the most essential aspect of a WOM marketing campaign.

Great word-of-mouth marketing epitomizes all of the elements mentioned above and employ all of the strategies that other companies have used to be effective.

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5 tips for becoming more successful at selling

By David Ronald

Selling is a tough business and every sales person needs a plethora of skills. But abandon any strategies that involve force-feeding prospects a product they don’t want and don’t need. As Dale Carnegie famously said, people don't want to be sold to—they want to feel as if they're buying.

Instead, as your prospect moves through the funnel, provide resources and guidance as they attempt to solve a complicated business problem. Always be helping.

(Click here to read our white paper on sales enablement: http://bit.ly/1Lbl1z7.)

Here are five things to keep in mind when you are selling:

1. Remember you're in the people business

Lots of sales people get caught up in what they are selling and forget that they're in the people business. Your customer wants to be treated personally. Getting attention and maintaining your prospects' interest is a huge problem today. But walk into any big-box outlet, restaurant or professional office and you might not even be acknowledged.

Before visiting clients it’s best to remind yourself that "This is a unique individual who deserves distinct treatment."

 2. Don't avoid things that are uncomfortable

The best sales people I have known are willing to throw themselves into harm’s way. So convinced of their offer, they are willing to get in front of the tough customers, ask the hard questions and go for the close. Doing the uncomfortable thing is where the top performers live.

Identify your toughest clients and call them first—and keep calling on them long after everyone else has given up. Once a month, make a list of your company's most difficult target customers and create an attack plan on how to get those accounts. As someone once told me, “You can't bring the big deals home without getting into the deep waters where the big fish swim.”

3. Focus on the results, not the effort

The sales game is not one of organizing, planning or meetings—it's about getting results. Sales people often spend time kidding themselves about doing busy work and don't get in front of customers who can buy their products.

Your success in selling is about getting results and that means getting your products into the hands of more customers. A great sales person knows how to get the customer's attention and present their product or service in a way that causes the customer to buy. Don’t confuse results with efforts. You don't try to get an appointment—you either get it or you don't.

4. Wow your prospects

Good sales people look for ways to inspire a prospect's emotional involvement and create the urgency to take ownership. When you wow a buyer you make a difference and cause them to want to hold onto that experience. You can take any product—even a boring one—and make an exciting pitch.

For example, someone selling glass doors in a hurricane zone could slap on both sides of the glass to demonstrate their construction quality doing so will get the customer's full attention and set you apart from the competition. Average doesn't pay in sales. Wow prospects with your knowledge and belief in the product.

5. Ask for the sale

This may seem very simple, but many sales people fail to ask for the sale. Ever. This is hard to believe, but it’s true. Regardless of your product, price or how professional you are, if you don't ask, you will only sell to those who are going to buy regardless.

Think about keeping a tally of every time you ask a prospect customer for their business. Use this to identify what approaches worked best.

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9 tips for building a successful startup culture

By Sharon Lee

The probability of a startup succeeding over the long-term is low if the founders cannot build a culture of passion and commitment.

What does it take to build an effective startup culture? Although there’s no simple answer, and the needs of every company are different, transparency and communication are likely to be a part of the answer.

 Here are some recommendations that should help every founder team put this into practice.

1. Don’t hesitate to verbalize your dream to team members daily
Written mission statements and a passionate quarterly pitch to the team is not enough. Team members have to hear from you daily and see your enthusiasm during individual discussions, to the point that they are repeating your story to others. That’s how a culture is solidified.

2. Demonstrate a consistent set of personal values and priorities
People believe what they see more than what you say, and they tend to imitate what you do. Thus investors look for consistency between you and your team on values and priorities. If there is no consistency, there is no culture.

3. Customize your organizational structure based on individuals' strengths
There is no rule that marketing needs to report to the founder or that every startup needs a chief operating officer. Some of the best startup cultures have no hierarchical reporting, yet everyone knows who drives each of the initiatives. Culture is not defined by job titles.

4. Focus on hiring the right people and deal quickly with mismatches
Skills and experience are necessary in hiring but finding a match in values and culture is equally important. Mentoring and training programs need to be put in place early. Entrepreneurs who are too busy for people never get the culture they envision.

5. Foster innovation in process as well as products
Technology can be used to facilitate customer support and sales as well as enhance your product. Investors look for innovation in all areas of the business and all levels of the organization, from top to bottom. Winning cultures incentivize and reward innovation as well as business results.

6. Visibly link your standards to industry best practices
Teams tend to look inside an organization and tend to compare their performances to their own previous records or other internal groups. Comparisons should always be with competitors and customer expectations of excellence. A culture that excels measures itself against industry leaders.

7. Create opportunities for continuous learning
A winning culture is filled with people who love to learn. They need opportunities to do new work and try out new roles, as well as have access to training updates in their current positions. Successful leaders are good coaches and mentors, as well as being on the lookout for personal learning opportunities.

8. Sponsor internal events to build team synergy
Events need to be inspirational as well as directional. These will build the culture you need, but also give you an opportunity to observe where you need more focus. Make sure each one highlights your values, recognizes the right team members and involves customers and outside experts.

9. Make your startup a winning place to work
Promote your culture and innovations through social media and the press to make the team proud of their jobs. This pride will be sensed by customers and vendors, since everyone wants to buy into a winner. Winning in business is all about building momentum, and capitalizing on that progress.

The right culture doesn’t happen overnight and it’s especially hard to change once it is set. It’s especially important, therefore, to start early. Your business's growth and success depends on it.

Culture matters. A lot!

Good luck building yours.

9 ways that social media marketing will help your business

By David Ronald

People sometimes ask me about the benefits of social media marketing.

In some instances a small business owner may already have spent time on social media in the hope that new prospects will appear in droves. After a few weeks, however, they scaled back on their social media activities, or abandoned them altogether, after becoming frustrated by an apparent lack of results.

I’ve highlighted the impact of social media marketing on SEO rankings in prior blog posts (for example http://bit.ly/1lW3GC7 and http://bit.ly/1lW3AKI). In this post I’m going to describe other benefits of being active on social media. The key thing to note, however, is that it takes time to build momentum with social media and the benefits aren’t always as obvious as you may like—successful social media marketing requires consistency and patience.

Nonetheless, if you’re feeling a little bit skeptical about the benefits of social media marketing, here are some reasons why it may be working better than you realize.

1. Brand recognition—one of the most powerful ways to use social media is as a brand-building tool. With social media, you get to decide how you want to position your company and what you want people to know about what you do. With consistent effort and great content, you can build a reputation for your brand around your company’s values, benefits, and advantages.

2. Repeat exposure—there is an old marketing adage that says it takes six to eight exposures to a product before a customer decides to buy. A clear benefit of social media is repeat exposure with your network. You have the opportunity to remind them over and over again about what you have to offer, which can shorten your sales cycles dramatically.

3. Authority—for coaches, consultants, authors, speakers, and other service-based businesses, social media can be very powerful in helping you establish authority in your field, making you the go-to resource for your target audience to seek out for help. Share great content, answer questions, and serve your audience, and you will inevitably build loyal fans.

4. Influence—as your following increases, your influence grows. Having a substantial social media audience creates a snowball effect that can attract new customers, media interviews, joint venture partnerships, and all kinds of other opportunities. It’s a bit like when you see a crowd hovered around something. You can’t help but want to see what all the fuss is about, so a large audience will only attract more interest.

5. Community—there is nothing like social media when it comes to cultivating a community. When your followers become part of your community, you gain instant access to them. That means you can find out what challenges they are facing and what they like and don’t like about your offerings. You can engage in ongoing dialog that can be more valuable than any kind of paid market research.

6. Ahead of the curve—whether you realize it or not, your prospects and clients are checking to see if you are engaging in social media. I always find it a bit odd when I’m investigating a potential service provider online and I can’t locate a social media presence or worse, I find Facebook pages that haven’t been updated in months, empty Twitter feeds, and a clear lack of interest in engaging. Social media isn’t a fad and it’s not going away. Even if it’s not your top priority, if you stay current with activity, your prospects will notice.

7. Mindshare with lurkers—although there will be days when you wonder if anyone is paying attention to your social media networks, you can be confident that more people are paying attention that you realize. Give it time and you’ll start to understand what’s happening behind the anonymity of the internet. You even hear from people who say, “I’ve been following you on Twitter for ages. I love your posts!”

8. Competitive advantage—the reality is that most of your competitors aren’t likely doing a very good job with social media (most companies aren’t), which gives you the chance to stand out. Also consider the flip side. If you avoid social media, you leave a big opening that allows your competitors to capture your audience.

9. Website traffic—social media can be a leading traffic generator and when you share blog posts, videos and other content from your website, you give your audience a reason to click through and visit your site. Once there, you have the opportunity to inspire those visitors to take action by inviting them to sign up for your mailing list, make a purchase, or call to schedule a free consultation. Install traffic monitoring service, such as Google Analytics, and if you are committed to your social media efforts, you will clearly see that social media brings traffic. Also, make sure that your visitors receive a clear call to action when they visit your site so that you can convert that extra traffic into business opportunities.

While many businesses large and small are trying to justify the cost and time investment for managing social media marketing, an important benefit often gets overlooked: Big Wins. For example, if a major media outlet finds you on Twitter and interviews you for a national article, then that is also a big win, one that you can’t measure based on directly-generated revenues.

Although big wins don’t happen often, when they do, they make it all worthwhile. It’s easy to forget results like these six months down the road you’re trying to assess whether your social media efforts are paying off. But that one contract you landed could cover your social media marketing costs for years. And that major media interview could lead to subsequent interviews and a line item on your resume that impresses a corporate sponsor three years from now. Never forget to factor in big wins in social media.

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