Showing posts with label entrepreneurs. Show all posts
Showing posts with label entrepreneurs. Show all posts

Sunday, June 17, 2012

What is Your Marketing Meme?


Will Your Meme Go Viral?
A meme (pronounced meem) is a packet of social information.  Marketing memes are word associations, beyond a tag line or slogan, that take complex concepts or ideas and make them simple and easy to communicate.
A meme is defined in Wikipedia as “a unit for carrying cultural ideas, symbols or practices, which can be transmitted from one mind to another through writing, speech, gestures, rituals or other imitable phenomena.”
Effective memes are potent messaging serums, dripped out over time that enter into our brains and stick. Think of your marketing meme as your viral message.  Who you represent, what you do and what you offer, tightly packaged into one memorable soundbite.
Memes are easy to replicate.  Good memes always communicate value and benefit.  It is the message you want propagated all over the world about you and your business.
I first learned about crafting memes from a Fortune 500 marketing expert who spent his time coaching several solopreneurs on how to market their own businesses.  To some, it may seem odd that an experienced marketing executive would spend weeks learning how to market themselves.  Admittedly, I was resistant at first. After all, I have been responsible for marketing multiple million dollar business for years.
Attitude and all, I threw myself into doing something I was avoiding — marketing me! It is hard to market yourself, let alone dedicate the time required to build your own marketing communications plan.  Truthfully, I needed the discipline and focus to develop my own meme. In the end, besides a business card, it was the best marketing investment I made in starting my own business.
An effective marketing meme is a single powerful statement that communicates the benefits of your products and services.  Here are some simple steps to help you craft an effective marketing meme:
1.  In one sentence, write down what you do for your customers.
2.  Next sentence describe the value you provide to your customers.
3.  Outline the problems you solve in the last sentence.
4.  Now start cutting! Combine the three sentences into one very simple, benefit-oriented sentence.  Answer who, what and why it matters in a single sentence.
5.  Test your meme with the following questions:  Can you repeat that sentence over and over again?  It is easy to remember?  Will your meme invite people to want to know more?
Memes are clear value propositions that roll off the tip of your tongue at every introduction.  An effective meme is not a slogan or headline. It is not an elevator pitch.  You rarely get 30 to 60 seconds to cite a rehearsed sales pitch.  It needs to be tight, concise and memorable.
Use your Meme Everywhere
Memes create lasting impressions. They are the words people will carry with them and tell others about you and your business.  Marketers often suggest that it takes seven times before a message really sticks.  It’s called the Rule of Seven. Will your meme be repeated by every person you tell seven times or more?  If so, then you have truly created an effective, viral marketing meme!
Invest time in creating your meme and start sharing it with world.  Repeat it often, in presentations, in meetings, on the web. Make sure your meme is a simple message that leaves us wanting more.
Special Note:  This post is dedicated to my friend and marketing mentor John Coyne.  He patiently worked with me to create my Artful Thinkers meme. His influence and teachings are still making an impact. He will always have a lasting impression. RIP my friend.

Sunday, June 3, 2012

5 Essential Topics for a Winning Sales Proposal


Selection of Offerings
A sales proposal is your persuasive argument as to why the client must choose you now to solve their problem.  Proposals need to be positively articulated with a sense of urgency and demonstrate how the client wins.
Sales people and consultants often neglect the most important part of a sales proposal, the statement of why the client needs to buy now.  I have watched presentation after presentation where sales people talk about themselves, their company and their amazing, fantastic, one-of-a-kind solution.  It’s the feature marathon and often leaves you falling asleep or gasping for any air left in the room.
Successful sales proposals must always begin with a conversation about the client.  Those inclined to start talking about themselves before the customer are likely to fail. Why? Customers want to talk about their issues, not you!
Whether you plan to present your proposal in writing, in person or through an online presentation, every sales proposal must include the following five essential topics in this order:
1. Statement of Understanding
2. Needs Analysis
3. Recommendation
4. Pricing and Terms
5. Next Steps
The Statement of Understanding is your opportunity to showcase the research you have done prior to presenting to the client.  Always start your proposal with what you learned about the client.  Gather facts about the client from their web site, annual report or press release boiler statements, along with facts gathered in talking to the prospect.  Make it brief and affirm that you have done your homework.
Be sure to include one or two sentences about the area of business you are targeting for your proposal.  If this is a finance proposal, talk about the financial situation.  If it is a technology proposal, talk about the functions in the company that will be impacted by your solution. The Statement of Understanding is a confirmation.  It should be no more than one or two paragraphs (one slide) about your knowledge of the client.
Needs Analysis details all the work you have done to qualify the prospect.  Here is where you make your case as to why the company needs your services or products.  Whether you are a single person selling advisory services or a Fortune 500 company sales executive, you must define why the client needs YOU based on their needs.
Warning!  Do not use the needs analysis section to sell.  It is a series of facts of why they need your help.  Think of it as your presentation of due diligence. In conclusion of your detailed needs analysis, summarize the needs in bullet form to easily reference again when the buyer reviews your proposal.
The Recommendation portion of the proposal is where you will highlight the features AND benefits of your offering.  Now you can start selling. The same order that you outlined the needs of the client, is the order to present your recommendation.
Often sales people believe this is the most important part of the proposal; whereas, the buyer will still be stuck on their problems outlined in needs analysis.  This is why recommendation follows understanding and needs analysis, clearly stating the problem you are solving!  It is imperative to be clear and to the point in your recommendation.  Use key features and benefits in one or two sentences – outline format is best.  Don’t create a sales whitepaper on your product.
Provide supplemental collateral to the buyer separate from the proposal if more product information is necessary in making the final decision.  Hopefully, you covered product reviews and demonstrations earlier in the sales cycle before delivering a proposal.
Remember, PROPOSALS DO NOT SELL.  Proposals are affirmation to conversations you had prior in qualifying the client and getting agreement that you can solve their problem.  If you are using your proposal to unveil your services or product features and benefits, you have not qualified your buyer.  You will likely fail.
Now on to Pricing and Terms.  This should be one page (one slide).  Outline your pricing based on your recommendation.  If there are specific terms to the agreement, add them to this area of the presentation.  Terms and conditions should include time of agreement, dates for implementation, and milestones or KPIs to assess progress.  Avoid the dreaded commission breath when talking money by making it all about you.  Be steady, assertive and remember it is about the customer winning!
The assumptive closer will always conclude a proposal with the list of Next Steps.  Number the steps and make them fewer than five so you do not overwhelm the buyer with the fact their decision will require more work.  Be succinct and use action words.  The list should show the commitment by you, the seller, and the expectations of the buyer.
The Customer Bites on Your Proposal
Selling is creating a story that you can tell convincingly face-to-face, in writing or over the phone that addresses a customer need followed by an effective recommendation. Your sales proposal needs to be enticing and compelling to get the buyer to bite.  Organized proposals that put the customer first, will get more attention than those that solely focus on what you are selling.  When you focus on the buyer, you are a problem solver.  People like people who help them!

Author: Jamie Glass, President of Artful Thinkers, a sales and marketing consultant
http://www.artfulthinkers.com

Monday, May 21, 2012

Flying as a Solopreneur


Flying Solo as a Super Solo Entrepreneur

Your mind is a beautiful thing, so don’t waste it.  Put it to use as a business.  All of your collective experience gained through enterprise successes and failures can be commercialized into a service business, if you are willing to fly solo.
“Solopreneurs” is the trending word for self-employed entrepreneurs, also known as independent consultants.  On the networking circuit, they are called “single shingles”.  Solopreneur means the business is you! Your commodity is available time.
Business professionals worthy of being hired to fill a gap in an organization based on skill, knowledge and experience, should be open to the opportunity that multiple businesses may benefit and pay for that expertise.
The first step to determining if you are a good candidate to be a solopreneur is to convert your resume into a list of “product” features.  Once you have a good product description, then you need to determine if there is a market for what you are selling. In other words, will businesses pay for your time and the benefits you can provide?
As a solopreneur, you can save time and money by first drumming up attention from those that have witnessed your expertise in action.  Reach out to test your market viability through your network. Using the standard sales technique of asking for a referral, let people know you are open for business and ask your network to share your availability with others.  You may further extend your marketing message by offering referral fees to groups, partners and business associates that help you retain clients.
As a solopreneur, make sure your professionalism is demonstrated in your communications and social profiles.  Have a business card and professional web site that details your “product” and services. Create a professional business email account and secure your social site URLs, if you are going to brand your business beyond your name.
Working independently requires discipline and good time management.  You have to work on your business every day. Solopreneurs typically spend 20-30% of their time working on their business, leaving only 70% of the day working for paying clients.  Expect to dedicate at least three hours a day to marketing, meetings, invoicing and selling your services.
If you choose to be a solopreneur, build an advisory group of successful solopreneurs with expertise different than yours.  Meet once a month to share industry information and advice on how to best manage your business.  As a benefit, they may extend your reach by talking about you to their clients and network.  They should be your best unpaid marketers!
Solopreneurs succeed when they can fill a day of hard work, sharing knowledge and expertise and producing results for those that pay for that mindshare.  I am proud and excited to be flying solo as Artful Thinkers, it is truly an adventure.
Be not simply good – be good for something.” Henry David Thoreau

Sunday, May 13, 2012

What Does the Brand of YOU Represent?


Winning in the Branding of YOU
Branding is an art and science for marketers.  They blend the key attributes of a product, service or company and position them to appeal to a consumer.
Using scientific research, data and analytics, the brand marketer artfully crafts visual and written communications targeting emotions and logic of the intended audience.  The ultimate goal is to drive to an action, such as buy or like me.
How does this relate to the branding of YOU?  We are all a brand.  Seth Godin defines a brand as “…the set of expectations, memories, stories and relationships that, taken together, account for a consumer’s decision to choose one product or service over another.  It is how we present ourselves, talk about ourselves and how we are remembered by others.  Branding applies to all aspects of life, professional and personal.  It is the first and last impression of YOU.
If every encounter in life was a personal moment for YOU to brand yourself, what are the words and actions that repeatedly represent YOU?  More importantly, would you want everyone to repeat them over and over again?  Will you be remembered as “Have it your way” (Burger King) or “I’m lovin’ it” (McDonalds) or “Avoid the Noid” (Domino’s Pizza)?
Professional branding is critical for your career.  The words that others use to describe you, are your brand.  You own it.  It may be a definition that comes from a collection of interactions or a single opportunity you had to gain respect and credibility in a brief encounter.
There are several ways for you to represent the brand of YOU.
1.  Introduction.  This is your 90 seconds at a shot of fame.  Whatever comes out of your mouth or you share in an email, is your opportunity to make your brand pitch.  It is the firm handshake opportunity.  Face-to-face, you have an opportunity to say with confidence who you are, what you do and what you represent.  It is the YOU moment.  In email, it is your invitation to draw someone in to know and learn more.  It should be short, to the point and always conclude with a call to action.  Think of it as your 140 character tweet about YOU.
2.  Social Media.  What you post on the Internet is your brand.  And, it does live forever.  It is how you are represented on Facebook, Google+, LinkedIn, Twitter, Instagram, YouTube, blogs, and so on.  In other words, the brand of YOU is everywhere you put a comment, post or uploaded something to the world wide web!  Before you hit send or enter, think how it represents YOU.
3.  Your CV.  A curriculum vitae (CV) provides a summary of YOU by experience and skills.  It is your brand summary.  Your CV should clearly articulate your strengths.  It is the summary on your LinkedIn profile.
4.  The YOU Meme.  The one way to control your brand is to have a practiced “meme”. ”A meme is an idea that behaves like a virus–that moves through a population, taking hold in each person it infects.” says Malcolm Gladwell.  Your branding meme is what others take with them and tell others, over and over again.  It is your “viral” message.  A meme should delivered in 60-90 seconds and cover all the unique characteristics that you want others to remember about YOU.
The creation, care and management of the brand of YOU is very important. It has tremendous monetary value.  You are your best brand PR agent, you are the one to spread the word about YOU. The impression you make in the marketplace will confirm YOU are a good “buy” or confirm why people have no interest in buying what you are selling!  How others talk about YOU will affirm what YOU represent.
Take time to think about the qualities of YOU and what YOU represent, then how YOU can position this to others to create actions or get results.  Rehearse your meme.
Like You
Like the Brand of YOU
You can always improve on your brand; however, reputation management is a costly proposition if you have a damaged brand.  Even a lot of money can’t always repair a brand.  We all like brands that represent qualities that are good and positive. Be authentic, truthful and confident.  Make sure that your brand represents the real YOU.

Friday, April 27, 2012

The Transition Queen



Next Exit to the Future
Transitioning has become a way of life for many career professionals. This is especially true if you target leadership roles and consulting opportunities in the land of start-ups and working with entrepreneurs.
Some of the negatives of transitioning are summed up in lack of financial security, less control of outcomes and a life full of constant change for you and your loved ones.
The positives of transitions are the experience gained, the continuous learning from success and failures and of course the valuable connections and colleagues who become life-long partners in your professional journey.
For me, transitioning is what I expect and what I know.  It is my way of life.
Coming out of college, it was always suggested that you find a “good” job and stick with it. You ride the elevator up to the top, upgrading your positions and taking on more responsibilities along the way. There are many people that like that steady climb or to even take a job and find sanctuary in the stability of staying put.
I soon learned that riding on the same elevator for very long did not provide me a lot of challenge and was difficult for a pure opportunist.  My accent to leadership was early in my career.  I was fortunate.  It was my belief the more responsibility you gained riding up the chain of command, the more commitment you had to affect change, push for progress and even disrupt the “norms” of cultural beliefs and thinking.
I also learned that if you push too hard for improvements or change, you might soon find a transition in your near future.  It is disruptive and challenging to businesses big and small.
Why have I anointed myself the Transition Queen? It is my career path and my journey.  It is also my value proposition.  I have seen, experienced and learned more through multiple transitions of which most people see in a lifetime.  Transitions from mergers, transitions from completing multiple C-level consulting projects as a business owner and transitions in roles that hit the proverbial end of the road for me — I have experienced them all.
The first decade of my transitions were emotional and met with uncertainty. Today, I wear my transitions as badges of honor. I get to do more, learn more, meet more people, find new ways to make a difference. I realize now that transitions are opportunities to grow and face new challenges.
My honorary Transition Queen title is worthy of the rich experience and expertise gained along the way. Working in multiple industries, driving change in big and small organizations and finding solutions to meet consumer and business needs are immeasurable when collectively stored in one person.

Stacking Up Experience and Expertise
My problem solving skills are keener, my view of what can be done is brighter. I am confident I can help.  I am certain more can be done.  I have worn multiple leadership hats and I know there is always a similar process and methodology that can be applied to increase market share, grow revenues, commercialize products and create solid infrastructure.  
I relish the transition.  I seek it and sometimes even push for it to happen, or as I say to achieve my “self-fulfilling prophecy” to move on.  My ability to help others move faster and achieve more is my driver.  A motivator.  It is my life blood.  Change yes, change now, absolutely.  In the end, I have come to accept I am The Transition Queen.  
Now, on to the next big thing!