Why Consistency is Critical

Consistency is the concrete, the superglue, the foundation of every brand that works. Consistency of message over time delivers the impact you need… over time. Consider the “Little Brother Poking Torture.”

When your big brother pokes you lightly over and over in the exact same spot and won’t stop. At first, it doesn’t hurt. Then, it’s annoying. But soon, it’s excruciating and you’ve actually got a bruise. The key is the exact same spot. If he’d poked you lightly all over, it’d eventually be annoying but not effective.

Unfortunately, most companies, even the big ones who should know better, usually want to tell customers about all their features, all their potential service options, on and on, ad naseum. The more details you provide, the more vaguely you communicate. The more directions you give, the harder it is to be located. The higher the number, the lower the value. KNOW (specifically) who you are… Own it. Claim it. Put a stake in it, stay consistent with it, and watch what happens. The narrower you focus, the wider your message goes.

Along the same lines, a business partner of mine met with an associate of his yesterday, Paul Nichols… a former VC and all-around smart guy who’s seen a lot of business plans and business owners. They were talking about entreprenuers and how they sometimes benefit from not knowing what (i.e. how much work) they are getting themselves into. Toward the end of that conversation, Paul made the following quote–
“It’s frightening how much of our economy is dependent on people not knowing what they’re doing.”

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Monday Marketing Moves Mislead

So, I receive an email last Friday from Skinstore.com (where I buy all my face soaps and creams) informing me that Monday, January 14th, will be the last day to take advantage of their $20.08 discount on all orders. This morning I gleefully go shopping and hit the payment cart area where I am to enter discount code “NEWYOU” only to be informed that I have not reached the minimum purchase requirement. HUH?!?!??

I go back and read every single word of the email promotion… not one letter about a minimum purchase amount. I now take precious time out of my morning and call Customer Service. The associated reads her copy of the email with me over the phone and doesn’t find a thing about a minimum amount either. OH…. THERE it is. I’m supposed to go to the Home Page http://www.skinstore.com/ of the web site and click a “Details” link in Times New Roman 7pt. font embedded inside the huge purple graphic to know that I have to order a minimum $100 pre-tax / pre-shipping to qualify for the $20.08 off my order. Now, I’m pissed.

Note to all marketers, salespeople, and senior management of companies big and small: This move is misleading… It’s LYING… but, most of all, it will make your loyal customers angry. And, they’ll think twice about doing business with you again.

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Thoughts for the Day Friday

Actually… questions:
1. What do I need more of in my business?
2. What’s not working?
3. What personal barriers are standing in my way?
4. What do I need to succeed?
5. What do I want to change?

Plan your work then work your plan.
from http://the-elc.com/

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Two Tech Trends to Track

Technology alone hardly ever is the key to unlocking economic value: companies only create real wealth when they combine tech with new ways of doing business. With that said, I offer two trends to keep an eye on to shape your company in the coming years.

1. Using consumers as innovators: And, allowing your customers to cocreate with your business. As the Internet has evolved, it has become more of a widespread platform for interaction, communication, and activism. Consumers increasingly want to engage online with one another and with organizations of all sizes. Companies can tap this new mood of customer engagement for their economic benefit… new product innovation (design), constructive feedback to avoid wasted R&D funds (testing), and brand tweaking (marketing / viral marketing) are just a few ideas that will dramatically hit the bottom line, engender greater loyalty, and speed up development cycles.

2. Making businesses from information: The pools of data captured from the aforementioned trend are now raw material for new information-based business opportunities. Frequent contributors to “market imperfections” reveal relevant data about new market opportunities, potential acquisitions, pricing differences among suppliers, and other business situations. These imperfections allow astute middlemen with more and better information to extract premiums for aggregating and creating new companies around it. The Internet has brought greater transparency to markets such as airline tickets, hotel rooms, and stocks, but many other sectors are wide open for similar illumination.

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"I’m a Slasher"

A topic that came up in quite a few holiday cocktail conversations– the lack of desire for a stair-stepped “career path” in almost everyone my age. Used to be sensible young people learned to aspire for the high GPA, private (preferably Ivy League) college, then advanced degrees to become doctors, lawyers, bankers, etc. Now… you’ve “made it.”

Not so anymore. Lifestyle, strategy, and innovation matter more than ever. Gen X (of which my friends and I are a part) and Gen Y have the tools to monetize their unique skills and passions to take advantage of a new long tail of jobs. Entrepreneurs, the Internet, and mobile computing empower the intellectual worker in new ways.

Our culture idolizes risk, reward, and the story of the common-man-making-it-big. Today, we have broader definitions of sucess, and especially among younger workers, professional status is now linked to ideas of flexibility, creativity, and uniqueness… work self and home self are now ONE self.

Hence, my new answer to the standard cocktail question, “So, what do you do?”
Me: “I’m a Slasher… entrepreneur slash consultant slash mentor slash CEO’s GPS.”
Slashing my way through a multi-faceted professional life with numerous industries of experience under my belt, this answer seems the most appropriate. And, increasingly, it’s the right answer for many.

One Person/Multiple Careers by Marci Alboher http://www.amazon.com/One-Person-Multiple-Careers-Success/dp/0446696978/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1199809645&sr=1-1

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Welcome 2008!

Now that everyone is back to work, how about some…

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Basic Business Strategy Options

1. Grow fast… and ahead of most competitors.
2. Grow in line with the industry
3. Defend your existing status… assumes that you’ve got a strong starting position in the first place.
4. Catch up… might necessitate new leadership.
5. Turn around… mandates a radical new approach.
6. Hang in… go with the flow and don’t expend much effort.
7. Harvest time… milk the opportunity with an eye on withdrawal.

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Marketing vs. Sales

We all know that Marketing creates the pretty brochures and Sales uses the brochures to close a deal, but what about the gray areas… the brand representation, the product definitions, the RFP requirements?

Marketing’s purpose is to generate the leads. Sales’ purpose is to close the deals. However, it happens all the time… these guys butt heads. Picture it: the sales rep and the marketing manager go together to a visit a prospect and close the sale. The marketing manager watches in horror as the product/service/widget/whatever doesn’t perform up to “brand specifications” rendering the entire Marketing department essentially LFC, Liars First Class. Now watch the horror to the nth degree that flashes across the sales guy’s face when he hears marketing blurt out, “We’ll give you another upgrade… this time for free.”

The old line goes, “You can pay me now or you can pay me later.” When a company understands the true essence of both sales and marketing, and applies them in the right blend, the question isn’t being paid now or later. It’s being paid now and later.

Simply stated, marketing takes the long-term view of customer relationships, paving the way for sales to occur in the short-term. One feeds the other. Companies get into trouble when their appetite for short-term sales neglects the key role of long-term marketing.

Putting sales and marketing together in the same group is the single biggest mistake… actually, it’s mistake number 2. The Biggest Mistake is hiring a guy with the title “VP of Sales & Marketing” expecting her to actually do either one worth a crap. These two groups have different goals, and when a wheel falls off, sales always wins because squeaky-wheel problems win against the need for long-term results.

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A Productivity Product RAVE!

I know that productivity is always a topic high on everyone’s New Year’s Resolutions’ lists, so here’s my 2 cents.

As a Happy New Year present, I received MindJet’s MindManager software, “Software for Visualizing and Using Information.” I can’t stop raving about this product and I know it’s going to impact my business this year. www.mindjet.com/us

The website states, “inspires people and businesses to align individuals and teams, engage and excites employees, accelerate business processes and win new business faster,” but I also see planning, brainstorming, and product development applications. It’s only day 2 in the year and I’ve already positioned myself as “genius” in front of one of my clients with an in-dept SWOT analysis of their startup.

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