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Showing posts from December, 2017

Understanding Intent versus Impact in the World of Marketing

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It is essential to understand as much about your audience as possible, especially the differences between "intent" and "impact" in the world of marketing. Intent is something that you have total control over - it's what every font selection, every color choice, every turn of phrase and every piece of collateral is ultimately building towards. Impact, on the other hand, is something else entirely. Making an effort to understand the difference between these two concepts is the key to maximum success moving forward.

It All Comes Down to Perspective

The major difference between intent and impact ultimately comes down to a matter of perspective, or an acknowledgment that sometimes a statement (or in this case, a marketing message) isn't necessarily as "black and white" as you may have thought it was. In addition to knowing who the people you're marketing to actually are, it's important to understand as much as you can about the way they think.

Bef…

A Royal Road to the Heart

A Royal Road to the Heart
"The royal road to a man's heart is to talk to him about the thing he treasures most."

Relationships are the backbone of everything we do, especially in business. Whether you intentionally network or avoid small talk like the plague, relationships are something you can't afford to ignore. A Harvard University study showed that only 15% of the reason a person gets, keeps, or advances in a job is related to technical expertise, but a crushing 85% has to do with our interpersonal skills!

Networking is a Lifestyle
Here's the good news: the best networking is what naturally occurs in authentic, real-life relationships. Networking isn't just something you do at professional mixers or conventions, rather, connections that leverage results are the ones we build every day. Networking is not an event, it's a lifestyle! However, daily networking means you may need to stretch yourself socially, which can be a challenge for Americans. The APA def…

Using Continuity to Strengthen Your Branding Efforts

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Your brand is a lot more than just a name or a logo. It's the feeling that someone gets when they come into contact, any contact, with your organization. In fact, the thing that really increases engagement and drives loyalty isn't your products or services (though, to be fair, they do help quite a bit) - it's this idea of the larger brand itself.

Because someone could potentially have that experience with your brand, the idea of brand continuity could not be more important. Regardless of how someone interacts with your brand, it should all feel like it's naturally coming from the same place at all times. To truly master the idea of using continuity to strengthen your branding efforts, there are a few key things you'll need to keep in mind.

One Brand, One Voice - No Exceptions

Continuity means all of your marketing efforts need to feel as consistent as possible regardless of what those efforts happen to be. In the world of print marketing, this can be as simple as maki…

You Don't Demand Employee Trust. You Earn It.

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Corporate culture is pretty much the key to everything in the world of business. According to a series of studies reported on by Forbes, nearly 90% of people who responded said that company culture was incredibly important for their firms. In fact, 92% said that they firmly believed that improving corporate culture would enhance the value of their business, while more than half of respondents said that corporate culture influences everything from productivity to creativity to profitability, value, growth and beyond.

At the same time, only 15% said that their company's culture was where it needed to be.

It Begins at the Top

At first glance, these numbers may appear to be somewhat at odds with one another - but they really aren't. Corporate culture begins at the top and, if anything, that 15% statistic can be attributed to one essential little word: trust. Leaders set the tone that affects the entire organization, and if employees don't trust their leaders, they ultimately don&…

Why You Should Try to Incorporate the Holidays Into Your Marketing Efforts

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If it seems like more and more marketers are incorporating holiday-themed elements into their campaigns, you're absolutely right. Though some may think this is a symptom of the commercialization of events like Thanksgiving or Christmas, it really isn't - at least, not if you approach it from the right angle. In truth, incorporating the holidays into your larger marketing efforts is and will always be a good idea for a number of compelling reasons.

It's All About Timeliness

Most marketing campaigns live and die by their timeliness. After all, what is a piece of marketing collateral if not a sure-fire way to get the right message in front of the right people at the right time? But this idea can take on a far greater meaning, particularly as far as the holidays are concerned.

Consider the fact that according to one recent study, about one-third of all shoppers reported that one or more holiday weekend purchases (think: Black Friday) were driven specifically by promotions. Likew…

What Your Customers are Worth (and Why it Matters)

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What is the value of a customer? What profit can they bring this week? This year? Over a lifetime? It may seem like a simple concept, but many small businesses have no idea what a regular customer is worth to their business. This creates two problems:

Uncertainty about effective marketing. What is the number of new customers you'd like to attract and what is an appropriate budget to do that? Defining a customer value will guide your marketing strategies!
Ambivalence regarding customer retention. With a metric for measuring customer values, you can navigate appropriate parameters for retaining them or expanding their business. Research shows that increasing customer retention rates by merely 5% increases profits by 25% to 95%!
Customer Lifetime Value

While there are many complex formulas for calculating a Customer Lifetime Value (CLV), a basic approach is to break calculations into five digestible portions, like this:


Average Order Value (AOV). On the most basic level, AOV is calculated…

The Lessons Taught by The Movie "Office Space"

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Close your eyes and picture this: On your early morning commute, you get stuck in bumper-to-bumper traffic. Your senses are bombarded with horns honking, the sound of breaks squeaking, and the pungent smell of exhaust. Your reward for making it through this mess isn't much better. Your individual cubicle awaits, lit only by artificial lights which have a way of making you look sick and feel hopeless. Once you arrive in your allotted space, you are faced with mountains of redundant, seemingly meaningless tasks you must complete, while answering to eight different bosses who don't communicate amongst themselves.

If the movie "Office Space" came to mind during this exercise, you are getting the right idea. While the movie's comedic portrayal of an office environment is exaggerated, as business owners, it's wise to learn the lessons you can glean from it.

Delegate

Bill Lumbergh is the boss in the movie "Office Space." He is often seen hanging around Peter…

Cash Flow and Marketing: What You Need to Know

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Cash flow is important in the lifespan of any business, but one of the key things to understand is that it's about more than just "money in versus money out." It's a valuable look into the bigger picture of what you're doing, and by having a handle on this aspect of your finances, you can take advantage of business opportunities when they arise.

First, you need to understand how every element of your business relates to this cash flow concept, including marketing. To that point, marketing has a very specific relationship with cash flow that you're going to need to be aware of moving forward.

Hone Your Budget

Yes, it's true that marketing costs can often seem unpredictable. However, working hard to hone your marketing budget can make these unexpected situations easier to deal with.

To get started, sit down and think about your upcoming marketing efforts in relation to your other expected cash inflows and outflows. You can't afford to throw just anything a…

Visuals Need a True Narrative For Maximum Effectiveness

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Human beings are visual learners, which is part of why visual communication is so effective (and important). Whether you're talking about a B2C or B2B situation, marketing presentations allow your message to transcend the world of more straightforward marketing tactics and take on a whole new potential audience at the same time.

Case in point: according to one study, people only tend to remember about 10% of what they hear just three days later. If they receive the same message when paired with relevant visuals, that number jumps to an incredible 65%. It makes sense, then, that 37% of marketers said that visual resources like presentations were one of the most important forms of content for their business in general.

However, presentations are NOT necessarily a silver bullet, and you shouldn't treat them as such. Without a strong narrative at the core of your marketing, in general, it's far too easy to get lost in fluff that ultimately doesn't matter - affecting the imp…