Thursday, February 11, 2010

Give Your Business A Checkup


Google Yourself

Before I get to my point (and I do have one), I would like to give you a little bonus reading. Check out http://www.thedailyblur.com/ . This blog is written by Tim Miles, Wizard of Ads Partner and former colleague of mine in another life. Yesterday, Tim had part one of an interview he did with Bryan Eisenberg, best selling author and guru on internet marketing and new media and technology. Bryan also consults companies such as Dell, Universal Studios and Volvo International. Please read it. You might get a touch smarter.

Reading The Daily Blur prompted me to check out a site called http://www.yelp.com/ . It is a review site. An amazing number of reviews are posted there for local businesses. For example, some restaurants in Lawrence had in excess of 20 reviews. What a way to do a business check up and or start a marketing campaign. You already have an idea what consumers feel strongly enough about to take the time to go on line and write about you. Good or bad, it is more information then you had. (And it's free)

I recommend googling your business or category. If you are a marketing person, do it for your customer. Yelp.com is just one review site. There are dozens of others. Beware, this exercise is not for the faint of heart. You must be prepared for what you find. And do something about it.

Wednesday, February 10, 2010

Insanity


Stuck In A Rut Part II

I learned the true definition of insanity while sitting in a Don Beveridge seminar years ago. Doing the same things and expecting different results is the definition of insanity. Very similar to staying in the same rut day after day. Earlier we discussed how to get out of the rut, but without looking deeper, odds are we will slip right back into the same rut that we fought so hard to get out of.

We often get into that rut because we are doing what we have always done. Maybe what our industry or business model dictates. Could be it is what made us successful years ago. Odds are, it doesn't work the same TODAY.

I spoke to a group of privately held radio owners and senior managers yesterday via Skype (which by the way is pretty cool) and discussed a new model for selling radio. It challenged a lot of the ways the industry does business. Blew up a few paradigms. I hope it illicits some change. With this group, I think it will. I hope it will. I am looking forward to the feedback.

The real message is about how this new model came about. It started with a few people not being happy about where we were and knowing that things have to change to grow. Challenging norms and brainstorming what if's. We were willing to step out on the bleeding edge so to speak. "Go where no man has gone before." (Thanks Star Trek.) The model is not important for this point, just the fact that a new path is being blazed and we are fighting the insanity. One customer at a time.

Have you ever stepped back and wondered why things are done a certain way in your business or in your own life. What can you do differently? Are you willing to fight the insanity? Let me know if you do.

If you want to know more about our new model for the radio industry, shoot me an email. In the meantime, stay away from ruts and straight jackets.

Monday, February 8, 2010

Stuck In A Rut

If You Are Ready, I Can Pull You Out

Ruts are caused when the same route is travelled over and over. It may be your rut or the rut that everyone follows. You feel safe. You have been there before.
There lies the problem. If you want things to change, you have to get out of the rut.

Today, I am specifically talking about our ability to get more business. There are only two ways to grow reveneue in business. Develop new business or sell more to our existing customers. Sounds simple, right? I am finding that our ability to accomplish either of these are limited by comfort zones. It is easier to stay in the rut. We ask people that we are comfortable with to buy more. When they say no, hey we gave it a shot.

If you are in any type of direct sales and you are not growing your revenue, it is a safe bet that if you analyzed your asks over a period of weeks, over 80 percent of your proposals will be to less than 20 percent of your overall account list AND your prospect to ask conversion ratio is worse than that.

If this makes you a little uncomfortable or if your first reaction is nu uh, that's ok. I have a tow chain hooked on and I am trying to pull you out of the rut. It's not always easy out of the rut. It is just much more profitable.

A Must Read For ANYONE That Cares If Advertising Works


How I Win the Ad Wars
Frankly, I Cheat. You Can, Too.
I became an advertising salesman so I could buy groceries. A college dropout with no financial safety net, I installed aluminum guttering on houses during the day and changed reel-to-reel tapes in an automated radio station at night. Our format was radio preachers who needed your money to pay for the airtime we sold them.We were the number 23 station in a city of 23 stations. Our best ratings book showed us with a cumulative weekly audience of 18,000 people in a city of 1.3 million. We had between 400 and 800 people listening at any given moment. That sounded like a lot of people to me. One day I asked the manager why our station played no ads.“You think you could sell some ads?” he asked.I nodded like a bobblehead doll.“Do it,” he said as he walked away.I asked the back of his head how much I should charge.“Whatever you can get,” he answered, without ever looking back.When you sell ads on the tiniest station in town, you don’t compete with the other stations, you sell only those businesses with too little money to afford anyone else. In fact, the money my clients gave me every month was usually all the cash they had. If my ads didn’t work, I’d have groceries in my pantry but my clients wouldn’t. A man learns fast in that environment.The first thing I learned is that people are bored by advertising for the same reason they’re bored by anything else: lack of relevance.
"If we could see ourselves as others see us, we would vanish on the spot."- Emil Cioran
When ads are relevant, customers respond. Are your ads relevant, or are they answering questions no one is asking?My job at the radio station paid $3.50 an hour plus 15 percent commission. Within 3 years I was making about $6,000 a month. That was doctor/lawyer money 30 years ago. Strangely, I never made that many sales calls. Most of my clients called the station to ask if they could buy ads from me. Usually, a friend had told them how much money they were making as a result of the ads I was writing and they wanted in on the action. "What does it cost?" they'd ask. These people didn't care about the radio station or its format. They just wanted to grow their businesses. When the owners of my radio station sold it for 11 times what they paid for it, I decided I’d rather become a self-employed ad consultant than move to Los Angeles and become a station manager for them.The second thing I had learned, you see, is that good ads work no matter how they’re delivered. I saw my ads work on virtually every radio and TV station in the city and with tiny variations these same ads performed as direct mail letters and fax machine blasts. The secret wasn’t in reaching the right people. The secret was in crafting a message that would be relevant to the public.My ads worked because I cheated: I insisted my clients let me deliver a message guaranteed to move the needle on the “Who Cares?” meter. Ads fail when no one cares. An extremely common mistake is to believe that discounting the price of a product is guaranteed to win the interest of the public. But I've seen that strategy fail dozens of times. A half-price turd is still a turd. When a client belligerently demanded that I write some magic words to help him sell a load of crap that no one in their right mind would ever want to buy, I looked down at the ground, dropped a wad of spit on the toe of his shoe, then looked up into his face and said, “No.”Yes, it was a rude and vulgar thing to do but I can assure you it shortened the argument. Word of my little stunt spread. Some saw it as the action of an egotistical lunatic. It’s possible these people were right. But others saw it as the mark of a young man who had the courage of his convictions. These people may have been right, too.Every business owner is on the inside, looking out, and what they see is entirely different from what their customers see. Customers are on the outside, looking in. Great ad writers remain on the outside, looking in. They are advocates, not of the business owner, but of the business owner’s customer. This gives them their great advantage.Do you have the courage to learn what your company looks like from the outside, looking in?
The preceding was from Roy H. Williams' Monday Morning Memo this week. If you do not subscribe, go to www.mondaymorningmemo.com
Education without action is entertainment. Will you take action this week? How about today?

Friday, February 5, 2010

Good Habits Are Easy To Break


This is one of the hardest posts I have ever written on this blog. Why? Because I am embarrased that I went nearly three months without writing after posting over 70 times in three months.

I got out of the habit. The hardest time to quit something you need to be doing is the first time. It gets easier after that. You are already a quitter. I wish that worked with bad habits.

It happens in all areas of life. To all of us. Diet, exercise, work, relationships. You skip a few times and you feel guilty. Not guilty enough to jump back in. Before you know it, you have gotten away from the things that you know need to be doing. Things that made you successful to begin with. Things that made you feel better about yourself or led to your goals.

Think about it.

You know it's true.

There is a habit missing in your life. You realize that the first skipped workout was 118 days ago. No need to go back now. You haven't made a cold call in 3 weeks. You hope nobody notices. You haven't called to check on that client in nearly two months. You meant to, but now you have waited so long they won't want to see you for sure!

It happens to all of us in one or more places in our life, Successful people recognize it and get past it. Get back on the horse.The first time is the hardest. What good habit will you work on restarting?

Whew, I am glad I got this one written! It's been bugging me for weeks!