Archive for May, 2010

Confessions of a Non-Marketer

Wednesday, May 26th, 2010

One area of my business that still  isn’t easy for me is sales.  Although, my business has managed to survive through the past few years.  Taking full ownership of my less than illustrious sales record, I haven’t relied completely on my business to  sustain me, but I would dearly love it to. 

 The irony is, 80% of my clients are small business owners themselves and I help them over the hurdles of starting their businesses, which of course, includes sales and marketing.  They are assigned to me, so I don’t have to sell my services to them. The blind leading the blind you might comment. 

On the contrary, knowing my weakness, I invest heavily (time as much money) in professional development activities to compensate. The point is, I know enough about what to do, my challenge is actually applying it to my own business.  

 Frankly, it’s much easier to coach others and help strategize marketing plans to fit their businesses.  Providing a sounding board, and asking the right questions, really helps to test assumptions and clarify directions for promoting a business. Plus, I get to share gems from the Sales and Marketing Experts I’ve learned from. Gradually the message is getting engrained in my psyche and I’m starting to put into practice what I’ve preached.

 One of the most effective approaches I’ve come across lately is Charlene Brisson’s 3 Step Marketing (for non-marketers).  Charlene’s marketing expertise spans executive level marketing positions for major media and telecommunications corporations, operating her own small businesses and teaching sales and marketing. She has been through the trenches and has helped hundreds of businesses succeed. 

 In a recent interview with Ann Pustil, of ‘In A Nutshell Coaching’ Charlene talked about MSS: Marketing Stress Syndrome It was a really entertaining conversation and they had me giggling about how much we struggle with this stuff.  MSS occurs from

  • overwhelming confusion – wondering where to start, what to do, frustration, spinning your wheels.
  • Paralyzing fear of spending in the wrong place
  • Marketing Insanity: repeating the same things and expecting different results
  • Breaking into a Cold Sweat with the idea of cold calling
  • Wallet Fatigue: spending and not getting results
  • Procrastination and head-spinning indecision

 Charlene’s message is to keep it simple, with three steps to overcome the madness.

1. Know your ideal customer. Pinpoint all of the factors: geographic, demographic, psychographic, so precisely that you could give your ideal customer a name and write a story about who they are and what they do.  This gives you a foundation on which to develop your strategies. Use surveys and research to support your assumptions.

2. Craft a message that speaks to your ideal customer.  What you now know from step one helps you to know what to say. Let them know why they should do business with you; and what they can expect from your services.  State your Value Proposition or Unique Selling Position – What you do that is bigger, better, faster, than everyone else. State your clients’ situation and guide them through the resolution process in real time.

In addition to other brilliant examples on the call, they shared Anne’s marketing message for her business. “In a Nutshell Coaching: Gets to the heart of the matter quickly and resolves it quickly.’

3. Select effective marketing tactics to reach your ideal customer.  Strategically and optimally target your tactics to get the response you want. Tactics won’t work if they are not aligned with methods used by your ideal clients.  Always ask yourself if your ideal client uses the media you are planning for.

Granted there are so many traditional and new media marketing tactics: to choose from it can still be daunting. Charlene has solutions for you in her new book “148 Ways to Advertise & Promote your Business”. 

Have fun working easier with your marketing!

Effectively Investing Money to Motivate People

Tuesday, May 25th, 2010

As the economy gains momentum, what is the most effective area for companies to increase spending on employees?

Companies often default to spending money on financial incentives, partially because they believe money is what counts to employees. In the McKinsey Quarterly article “Motivating People, Getting Beyond Money”  (http://bit.ly/93Dj87) their survey indicates that companies should seriously consider non-financial incentives. The three keys areas the survey recommends to focus on are:

  • praise and commendation from their manager
  • attention from leaders, such as one-on-one coaching
  • opportunities to lead projects or task forces

In the survey all three of these areas were considered to be more effective in motivating people than any of the financial compensation options.  Plus the non-financial options do not increase the long term cost of employee benefits allowing companies to remain more flexible should the economy sputter it’s way to a recovery.

What gets in the way of companies implementing the non-financial options to engage and inspire employees?  My observation is that there are three

reasons why companies don’t invest more heavily in the non-financial options:

  • It is difficult to tangibly measure the immediate impact and long term value of having higher quality connections with employees.
  • Management has so many other immediate short term tasks on their to do list that undertaking a longer term strategic program of increasing contact with their people gets pushed to the side.
  • No one ever really taught us how to communicate and as managers we don’t know how or don’t feel comfortable giving recognition or having one-on-one conversations with our direct reports.
Impacts of Coaching

Impacts of Coaching

An earlier post (http://bit.ly/baLMhE ) indicated that  the average return on coaching is 6 times the investment.  This is usually a short term return and does not take into account the long term learning benefit that the person being coached gets to repeat year after year.  Nor does it take into account the long term learning benefits that a manager may generate with their direct reports.

I believe learning how to communicate and coaching the people that report to you will give your company the best return in the long run.  Unfortunately it  is not the easiest or fastest answer.  It requires a commitment on the part of management to learn a new skill, practice and take the time to connect with their people.

With an investment in non-financial initiatives now companies could exit the down turn stronger than they entered it.

Jacque

Trust in Relationships

Thursday, May 6th, 2010

I read some notes last night from a mastermind meeting that I went to about 2 months ago.   What my friend provided me with was a redefinition of the word responsibility.  The etymology of the word means being  ”morally accountable for one’s actions” is attested from 1836.  He redefined it as being able to “respond to possibility.”

Yesterday I had a major and profound insight in my life.

I am in the process of  living into my vision of having a virtual business that I can conduct from any place into the world. My first adventure will be to live in, and work from, Belize for three months at the end of this year.  I have one friend there, my dive instructor who I am in contact with on Facebook.  I let him know that I was starting to look on the internet for a place to stay and he offered to find me a place.

When he came back with a solution to my problem of finding a place with internet access, I showed up with a whole host of additional questions.   I felt a sense of nervousness in my body.  Would this place be OK?  Would I like living here?  As a guy could I trust him to make this decision for me?  Not withstanding all these questions, I told him to go ahead, but could I possibly see some pictures.

What I realized yesterday was I have never trusted a man to look after me and make an appropriate decision for me.  I have always had to have control of my own life.  On an energetic level if I don’t trust that a man will look after me, then who do you think that I attract into my life.  Men, where I am the driving force, men who can trust me to look after them.  Needless to say at some point either the man or I became unhappy and things fell apart.

Men are historically conditioned to be providers and as a woman I want to know that I can trust a man to provide for me, even if I earn more money.  Being a provider goes beyond money, it relates to a man being on purpose, having a target that they are going for, and having a zest for life.   So it is interesting that my inability to trust was sabotaging what I want most from fully showing up in my life.

When I surrendered to the idea of trusting my friend to choose an appropriate place for me, I could feel the flutters of fear in my chest.  I was actually afraid to let someone look after me.  Being a voracious learner in life, I have requested that my friend not send me pictures of the place he rents for me!

I said I wanted this to be an adventure and the adventure starts now.  I want to be responsible; I want to be able to respond to the possibilities as they occur.  Resistance and fear may show up and I am committed to resolving these in my life.

What is it that you don’t trust, be it at work or in relationships?  What is it that you are afraid of?  If you’re a woman, what are you doing or how are you being to create this situation?  If you’re a man, how ready are you to fully support the trust of a woman?