Does the truth really matter?

“If you tell the truth, you don’t have to remember anything.” ~ Mark Twain

As children our parents teach us not to lie and I know as a parent I have definitely caught my children in lies as their stories change to suit the circumstances. We all slip, we have all told lies and absolutely no one is perfect … this is why telling the truth is so much easier as then you never have to remember what you said to whom.

The internet today has made it much easier to “bend the truth” so to speak; we can be anything or anyone we want to be and can develop any kind of a persona we want to. The scary thing is that this ability to be “anything or anyone you want” has made it even more important for us to do our due diligence and determine the facts before “signing on the dotted line.” We have become a society of skeptics because many people are developing this “fake it until you make it” mentality. The question is … is this a lie? Is it okay to be who we want to be and not who we are today?

I remember one time I met someone at a conference and I had created an image in my head of who they were based on what I was reading about them on the internet; big problem was the reality did not live up to the expectation. It is amazing how the internet allows you to be anyone you want to be and no one can say any differently.

I have always, always believed in being honest and I share the good with the bad because honestly as entrepreneurs we all have ups and downs in business (thankfully there are more ups than downs and more good than bad).

So what about you? Are you a “fake it until you make it” kind of person or do you believe “honesty is the best policy”?

5 Keys to a Successful Marketing Strategy Plan

Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. (http://en.wikipedia.org/wiki/Marketing_strategy)

This definition has three key phrases in it “limited resources,” “increase sales” and “competitive advantage.” Every marketing strategy plan should have these in mind when being created if you want to achieve the greatest success in your business. Way too often businesses fail to plan, which truly means that they are actually planning to fail. I truly believe that these two phrases are synonymous no matter which way they are said (i.e. fail to plan … plan to fail)

I also strongly believe that many businesses fail to plan because they just don’t know where to start. Hopefully the following five keys will help you to first create a successful marketing strategy plan that will secondly assist you in achieving a successful and profitable business.

Key #1 – Researching Your Idea/Concept

One of the reasons that many businesses fail is because they are bringing products and services to the market that the market really doesn’t want. Make sure that the first step that you take with ANY new concept is to conduct some research and ensure that your product is saleable. Two of the approaches I tend to take are as follows:

  1. Google search – The main thing I do with a google search is to follow the links and answer the question how old is the content on the website? If the content is very old then perhaps this is a tried product or service with very little results, after all we don’t keep up with businesses that are producing little to no return. The other thing you want to look at is how many google results do you get for that term? If the number is very hard you need to ask yourself if the market is saturated. Also, remember if a simple google search does not produce any results there could be two reasons; a concept so new no one has thought of it or simply there is not a desire in the market place. So is your concept new and unique or just not desired?
  2. Surveys – When you ask your potential client directly if they would desire a product/service and ask what they need and want in that product/service, the results can help you to develop a product/service that will satisfy your client’s wants and needs. Another question I like to ask in my surveys is “what are you willing to pay for that product/service?” When you make surveying part of your research you can utilize the information to enhance and build upon an already existing concept to make it even better than you ever thought possible

Key #2 – Reviewing the “Competition”

I hate to refer to my competitors as “competition,” but rather see them as an opportunity to learn. When reviewing your “competition,” yes the first thing you need to ask yourself is “is there room for another similar product/service in the marketplace?” The second thing you need to do is conduct a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis on the completion. What are their strengths and how can you enhance that strength or do something similar? What are their weaknesses and how can you capitalize on those weaknesses to ensure they are not one of your weaknesses? What opportunities are there for you to improve, enhance, develop and maintain a “better” product or service? What threats are they likely to pose to your business?

When you look at the competition and learn from what they are doing, it provides you with an opportunity to learn from their “mistakes” and improve upon or “copy” what they are doing right. (Please note that when I say copy I don’t mean copy what they do, but rather copy their concepts and make them your own.)

Key #3 – Creating Your Action Steps

Once you know that your product/service is needed and wanted and know what the “competition” is doing and how you will improve on what is already out there, it is time to determine what steps you will take to get your product/service recognized.

There are so many different ways that are available to market your business these days that the sky is the limit. I always suggest to my clients to remember two things when developing their strategy plan:

  1. Success is built from relationships and relationships are based on know, like and trust. Your client’s have to know you exist, like you and your business and trust you will deliver. When creating your strategy try to pick one marketing strategy for each of these three keys. First get your client’s to know you exist by taking whatever measures are necessary to “get the word out”. Secondly get your clients to like you by building relationships and giving them value in maintaining a relationship with you. Finally get them to trust that you not only “talk the talk,” but you can “walk the walk” too. Show them your expertise every chance you get. What can you do to get your client’s to know you (website, advertising, networking)? What can you do to get your client’s to like you (referral programs, giveaways, follow up)? Finally, what can you do to show your client’s you “know your stuff” and maintain their trust in that regard (newsletter writing, public speaking, information products)?
  2. Stick with the marketing methods that feel right for you. When you only stick with those marketing methods that make you feel good and allow you to be authentic you will find much greater success. If you like to write start a newsletter, if you are outgoing join a networking group. When you choose something you enjoy doing you are more likely to stick with it.

Key #4 – Implementing the Plan

If you truly desire success the only way to make it happen is by taking action. I can’t say enough how much the following saying has helped me in ensuring that I take action each and every day with my business. “Do nothing – nothing will happen, do something – something will happen.” If you choose to create a marketing strategy with good intentions, but never implements any of the strategies then you might just as well have never created the plan in the first place.

Key #5 – Evaluation and Review

Make sure that your plan allows for evaluation and review. Your business will continually evolve, grow and change so make sure to review your plan at least every 3-4 months and ensure that what was once working continues to be a good strategy today as well.

Remember that marketing strategy plans should be created for every new business idea or concept you develop whether it is a new service, an amendment to your current offerings or a new product you are developing. When you begin to make planning a part of your marketing strategy finding the success you desire will be so much easier.

Is the Customer Always Right?

One of the most commonly used mantras in business is the customer is always right. Business classes expounded the importance of listening to customers and doing whatever possible to satisfy their needs and meet their expectations. Does that adage still hold true today? Maybe; and maybe even more so with the Internet Age at hand. Customers now have more access to businesses than they have ever had before with the use of blogs and Web sites, and customer satisfaction sites. Business owners all over the globe shutter at the thought of nasty reviews on public forums and rants on blogs and Web sites. It is a reality of this world and as a business owner it is very important to recognize that how you handle customer complaints can have a very big and lasting effect on your overall bottom line. How so? One bad complaint is all it takes to steer several potential clients away from your service or product.

On the other hand, there is no expectation that a business owner or employee should have to suffer the wrath of an irate customer. In fact, a customer taking that approach cannot be considered right nor that behavior condoned.  Faced with a situation like that, it behooves the business to side with and support their employees. That stance will go a lot further in promoting relations with current and potential customers.

Finding the balance between the two is the key and the challenge for many small business owners. The livelihood of their business often depends on very small client base that can be swayed by bad reviews. Even strong verbal recommendations from trusted colleagues sometimes cannot sway a potential client from the effects of a bad review. However a skillful approach at addressing the issue while establishing the importance of employee relationships will likely mitigate the complaint. In fact, employees who feel supported often provide much higher levels of customer service under their own motivation and that is evident in customer relations.

Customers want to know they have been heard and their issue or problem has been addressed. But, it cannot be denied that sometimes a customer is just plain wrong. The key there is to handle it with tact and professionalism. If executed correctly, a caring and supported employee can carefully and succinctly communicate the error to the customer while somehow shifting the blame of the misunderstanding on the business. This is more times than not very satisfying for the customer and leaves them with a feeling that not only have they been heard, but something may change because of their difficulty. A dissatisfied consumer will tell between 9 and 15 people about their experience and 13% of dissatisfied customers tell more than 20 people. Make sure your customers are satisfied.

How you handle your customer complaints is crucial to building and maintaining your business. Be sure you have processes in place to train employees on efficient and effective ways to deal with difficult customers and forget the idea that the customer is always right and adopt the philosophy that as a business you will make them feel as though they are right to the best of your ability.

The Power of Repurposing

Over the last couple of weeks I have given you a lot of different ways to show your expertise.

Remember the key with all of these expertise based marketing strategies is the repurposing of content. For example, an answer on linked in becomes a blog post, which is posted as an article and added to your newsletter. From this information you can also create a number of twitter tips and you have the great start of a teleseminar or webinar.

Don’t try to make too much work for yourself. A few simple changes, a couple of tweaks, some “exclusive” content and people won’t realize one article can be used in so many ways.

Expertise Strategy #7 – Start a Newsletter

I am a huge advocate of the power of a newsletter. This allows you to provide your reader with an inside look at you and your business. What better way to build a relationship with your target market than through consistent opportunities to show your expertise. I always suggest the shorter your newsletter, the more likely someone will read it. A newsletter should be a quick read and offer the reader the opportunity to learn more through a link to your website or blog. When someone sees a newsletter is lengthy they are more likely to set it aside to read later, which very rarely ever happens.

A shorter newsletter which is setup with the possibility of skimming has the best chance for being read. This is best done by the use of bold for key words and by utilizing bullet points. I also suggest the more frequently you send out your newsletter, the more likely your reader is to remember you. Remember the goal of your newsletter should always be to build your list and the best way to do this is to provide enough value someone would want to pass along your newsletter to a friend.

If you would like to learn more about the power of an ezine, I suggest you download my friend Ali Brown’s (aka the Ezine Queen) report Ezine Publishing Profits.

Expertise Idea #6 – Become Friends with the Media

The media is always looking for an expert opinion for their articles. By offering this “expert” opinion to their readers, it provides their article with more credibility. For you, as the expert, it provides great exposure for your business.

A great resource for finding reporters who are looking for experts on a variety of topics is helpareporter.com. Once you signup you are provided with a daily listing via email and you can apply to help a reporter in a variety of ways, through a variety of media outlets on a variety of topics.

Oh and when you do get media exposure I would love to hear about it!!

Expertise Idea #5 – Hold a Class

What better way to show you know what you are talking about than to host a free (or even a paid) teleseminar or webinar.It is a great way to reach new clients and show them what you know.

Remember too after a seminar you can utilize the recordings as giveaways, incentives or even as a future product sale to increase your passive income.

If you are interested in exploring this marketing strategy I would suggest you start small and try a free teleseminar first. Having a webinar or dedicated teleseminar room can be costly unless this is a marketing strategy you plan to implement on a regular basis.

Here are a few sites you can look into further so you are sure you find the one that is best for you:

  • FreeConferenceCalling.com
  • FreeConference.com
  • InstantTeleseminar.com
  • GotoMeeting.com
  • Webex.com

When you are trying to determine which of these are best for you, don’t be afraid to ask your colleagues and friends, or feel free to let us know your thoughts below if you have tried one of these methods successfully or unsuccessfully.

Expertise Idea #4 – LinkedIn

Linked in is a great marketing tool, especially for business to business marketing. If your target market is any kind of business you need to get your business on linked in and consider answering the questions which are often posed on Linked In. Being selective about answering those questions which matter to your target market allows you to show your expertise and exposes you to your target market.

Another tool you may want to consider is posing your own questions of your target market. This will really give you the opportunity to gain some valuable insights into the questions and problems which are hindering your potential clients.

Good luck and don’t forget to connect with me when you get there!!

Expertise Idea #3 – Twitter

Twitter is an excellent way to show your expertise, especially if you take the time to grow a list of targeted followers that will be interested in what you have to say and benefit from it. Here are a couple of tips that I use when coming up with my daily tweets:

  1. Twitter has become a whole new language of its own and for many people they are mystified by some of the “tweets” they are reading. In an effort to stick with 140 characters, people have turned to short forms that are sometimes hard to decipher. If you are interested in working with twitter I suggest you avoid short forms whenever possible and stick to providing valuable content for your followers. I always suggest to my clients they create a repetitive campaign that showcases their expertise.
  2. Ensure your tweets are closer to 120 characters so if someone wants to retweet you they have the opportunity without having to “monkey around” with your original tweet to make it fit into 140 characters.
  3. Make sure that you are providing valuable content and not just using twitter to sell yourself, your business and your services or product. Remember the key, relationships first … show them you care about them and the sales will follow.

Remember, twitter is not a marketing strategy that can be explained in a few simple paragraphs so if you are not familiar with twitter I suggest you do some research and learn all you can about this amazing marketing tool. If done properly it can work well for your business; the key is being careful and conscientious of others.

Good luck and happy tweeting!! P.S. if you share your twitter name I will be sure to follow you.

Expertise Idea #2 – Blogging

Blogging is a fantastic way to show your expertise and it also has another great benefit … it keeps the content on your website fresh which assists with the ranking of your website on google searches.

Blogging is like having an on-line “diary”, so to speak, where you can provide information, tips, advice and post articles on any number of subjects. It is a fantastic marketing tool for business to assist in building your “expertise” status provided you are consistent and using your blog regularly. When you stop blogging you will stop reaping the benefits blogging provides for your website and ultimately your business.

If you are finding it hard to come up with information and topics to write about on your blogs you can always try these tips:

  • Visit the article marketing sites and post others articles (be sure to keep their bio intact and give them credit). I suggest you add your comments as to why you are posting the article
  • Link to other blogs and conversations going on there
  • Look to what is going on in the world around you – what news is impacting your business or the businesses of your target market

I will often create a theme on my client’s blogs for different days of the week. Here are a few examples I have used on different client’s blogs.

  • Motivational Mondays (provides motivational tips on Mondays)
  • Tips Tuesdays (provide tips and advice on Tuesday)
  • Wacky Wednesdays (provided links to bizarre and interesting things we found on the internet)
  • Thrifty Thursdays (gave tips for saving money and time)
  • Freebie Fridays (gave away things)

The nice thing about blogging is you are only restricted by your imagination and creativity. It is a free resource for just getting out there and being you.

Many of my clients were hesitant at first to be themselves until I reminded them, “do you really want to work with someone who doesn’t like you? When you are yourself you are guaranteed the person contacting you knows all about you and accepts you for who you are. What better client could we ask for?”

Good luck and happy blogging … oh and by the way, why not let me know your blog address and I would be happy to stop by!!