People make emotional buying decisions. They like to pretend it is all logic, but that is not true!
Black Friday - Is not a one day event! It should be just one day in your holiday season. Plan for it, but don't hang your whole season on one day.
Listen to this! We learn a lot of things but most of us were never taught how to really listen. Patrick Donadio thinks that is too bad, because listening is such an important sales skill.
LEARN MORE - https://morethanafewwords.com/954-patrick-donadio
#1066 - Help Your Competitors to Help Yourself
I am sure you think this headline is a mistake, that I meant to say something else, but I really mean this. If you want to build a successful business in a vibrant marketplace, you will grow faster if you help your competitors. Before you decide I am completely crazy, consider the following:
You don’t know everything. Hanging around with other business owners in the same industry gives you a chance to learn a few things in exchange for sharing a few tips of your own.
Improve the quality and perception of your industry. If a customer has a bad experience with a service provider in your industry, it’s easy for them to assume that all companies who do what you do are the same. Getting involved with trade associations which offer training, professional and business development will improve the overall industry in which you are a participant.
Everyone is not your customer. Getting to know companies who provide similar services to yours in slightly different niches gives you an chance to set up a referral relationship where each company actually gets more of the kind of customers they want to work with.
Customers need education. This is particularly true when you are trying to build awareness and demand for a new or different product or service. Customers may be unwilling to try your product or service if you are the only company talking about this approach, but when multiple companies all tout the same benefits, all of you have an easier time making a sale.
Everyone needs a little positive karma. Sometimes it’s just nice to pay it forward. When I started Roundpeg, I reached out to a few business owners who had been running marketing firms for awhile. They graciously gave me time, tips and tools to help me get started. Today I do the same. I like being able to look around the community and know that I played a role in helping other businesses get their start.
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Connect with Lorraine on
Every parent knows, It takes a village to raise a child. Each of the adults in the child’s life, relatives, teachers, coaches, brings a different perspective. The same is true for your business. No matter how smart you are or how much you know about your business, there are gaps in your skill-set.
Your business village should be filled with smart, talented subject matter experts to help you fill in the gaps. If you are running a small business your village won’t be comprised of employees, but an advisory board comprised of professionals, who provide information and guidance in their areas of expertise.
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What does it mean to be authentic? Is it the same as being transparent?
Scott Murray thinks today’s marketers have to stop selling, promoting and clinging to outdated strategies and tactics. Instead they need to create content to spark engagement, conversation and inspiration from their audience.
As we’ve moved from print to digital, control has shifted from the marketer to the consumer. They decide when they will stop and look at your content and when they will scroll right by. To earn their attention, you need to put the right content on the right platforms.
LISTEN NOW https://morethanafewwords.com/scott-murray/
How much of your personality should you allow to come through your online brand. Can you still keep somethings private?
A Full Retail Season Plan
The 4th QTR is no longer about a couple of key days. It's about creating marketing plans that last well beyond just one QTR.
#1065 Monitize Your Podcast
I've been podcasting for a long time, but if I had to classify my podcast, it's an enjoyable hobby. However, there are ways to make money with your podcast, and that's what I talked with Darren Saul about.
Here are some key takeaways from the conversation
Sponsorship Opportunities: Podcasts don't need to have thousands of episodes to attract sponsors. Even from the beginning, podcasters can approach companies aligned with their content to collaborate. This approach can lead to mutually beneficial partnerships where both parties promote each other.
Premium Content: Offer exclusive, premium content that listeners have to pay for. While the main podcast episodes remain free, additional in-depth content, resources, or even behind-the-scenes access can be monetized through platforms like Patreon or a subscription model on the podcast's website. The key is deciding what information to give away, and what to put behind the paywall
Consulting and Coaching: As podcasters build their audience and establish themselves as authorities in their field, they can leverage this position to offer consulting, coaching, workshops, and even keynote speaking. This not only generates revenue but also enhances their credibility and brand.
The Power of Podcasting as a Marketing Tool: Darren reiterates beyond direct monetization, podcasting is a fantastic way to build trust and credibility. It can serve as an effective marketing strategy that draws people to a business, offering long-term benefits beyond immediate financial gains.
About Darren
Darren Saul is a Serial Podcaster, Strategist, Trainer, Coach, Keynote Speaker and Student of Human Attention.He started using the Power of Podcasting to build his photography business and was so amazed with the results he never looked back!He is now a Podcast Junkie who consults with organizations to help them get serious business results integrating Podcasting into their marketing strategy.
LEARN MORE: https://suspendedanimation.com.au/
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#1064 Your Best Customer | Nick Cavarra | From the Archive
As small business owners, we work so hard to find each client. We nurture them through a sales process and then they sign on the dotted line and we start doing business with them. Often, once we have closed the sale, we turn our marketing attention to the next prospect, and the next and the next.
Back in 2017 I had a conversation with Nick Cavarra, who argued that was a huge mistake. Why? Because the people who already know you are significantly easier to market to than a group of strangers.
We talked about easy strategies small business owners can use to stay in touch with these valuable customers. From simple notes and emails to using affordable tools like Send Out Cards, small business owners can build loyalty, making their customers feel special for a very small investment of time and money.
Just a few of the best tips from the conversation:
Make it personal. Remember, even in business-to-business transactions you are dealing with people. So use follow-up activities to interact personally. One of my favorite tips from our conversation was to take a picture of the person and include it in a follow-up note. Particularly if you deal with a younger consumer, they are unlikely to print photos on a regular basis, so your note or card will hang around.
Segment your list. Odds are your customers are not just one large homogenous group. Take the time to segment your list based on their interests, hobbies or the products they use. Don’t send messages about dog food to cat owners, or invitations to a beef barbecue to a vegetarian. Sure this takes work, but the payoff comes when customers who feel valued come back time and time again.
Send something tangible. If it takes 6 – 7 interactions to make an impression, it helps to switch them up. Send an email, but also call and occasionally send something in print. It is easy to dash off an email, but it is also easy to delete it as soon as it arrives and forget the message just a moment or two later. But print
How much of your personality do you let shine through as you try to create a personal brand?
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